The ecb today likely in some time,ust merely to mark there may be some tweaks in terms of determining will it have an impact, but it will not be major. The ecb is waiting for more data. The ecb is also waiting for meetingnd the council which will determine this rescue plan, 750 billion euro rescue plan, and everybody is waiting to see what happens there. Yousef a medical meeting today tom medical meeting today, first do no harm. Right now with first word news in new york city come here is ritika gupta. Ritika President Trump is shaking up his struggling reelection campaign, replacing manager brad pascal. Pascal has been under fire for some time, coming less than a month after the residents sparsely attended rally in tulsa. The twitter accounts of some of the most prominent american political and Business Leaders have been hacked, amongst them, barack obama, joe biden, elon musk, jeff bezos, and warren buffett, an apparent attempts to promote a bitcoin scam, sending out tweets promising
Military aircraft closer to israel amid concerns of a larger regional conflict breaking out. Was iran involved in hamas planning and new attacks from the north . Americans among the dead. The state Department Says at least nine americans have been killed. More than 1200 people, soldiers, civilians and children are death on both sides. Those numbers are expected to climb even higher. Im Andrea Mitchell with our continuing coverage of the war in israel. A constant barrage of israeli air strikes lighting up the sky. 300,000 israeli troops have been called up after this weekend marked the most extensive invasion of israeli territory in decades. These tanks are at the border area between israel and gaza. Any Ground Invasion will be complicated of the desperate hostage situation. A heartbreaking dilemma of one israeli mother who was brave enough to come on and talk to me about it at this hour. I could hear people speaking in arabic outside their door, and they broke in. The last thing i hear
Ipoint banks for the aramco and allows women to attend football matches. This is Bloomberg Markets middle east. I am yousef gamal eldin in dubai. Remember the handoff from the United States, gains for a fifth straight session. The european session was strong. We saw the biggest weekly advance since april. We are seeing risk assets continuing with strength into 2018. Outlook from companies will dictate the next move for indices. The u. S. Dollar weaker after pretty much snapping a set of declines. Youre looking at again story standing out. The yen up the most in a week after boj reduced purchases of superlong bonds. Yen slide is looking like a risk aversion team. S p futures a little retreat. Zinc futures outcome of the story around supply side risks, the squeeze around those stockpiles. Lets look at other key risk assets. We have a story on brent crude. Just above 68 a barrel, up 1 . U. S. Inventories have decline for an eighth week. U. S. 10 year study at 2. 49 . This is a story of tr
But generally its not fine. High fees can i have Marginal Development and thats the development we want the most, stuff that happens at the beginning of the cycle aka the end of the recession when people most need jobs and in the neighborhoods and low profit margin and projects at the end of the cycle and wind up being sold when they open at the bottom for a third off. Those are the most delicate projects and those are harm and when you willynilly set the fees too high and thats what i am really keen on you know based this on the Feasibility Analysis and its true that the Feasibility Analysis can be cooked either way. Right . They can be cook that you can afford a higher or a lower fee. Its obviously a political process. I would suggest airing on the lower fee side for the development. Thanks. Thank you very much. Next speaker please. Supervisors. I am build inc. And i want to thank you all for the concern about housing. I certainly share it. Affordable housing is critical in San Franc
Items on the special committee is related but we will call them separately so please item 1 please. Item 1 is a initiative oar from the mayor for the proposed Initiative Ordinance submitted are by the mayor for the voters for june 7, 2016 for election entitled ordinance mending the planning code to maximize inclusionary or Affordable Housing and Economic Feasibility studies. We have staff here. We will have this presentation and if you get the powerpoint on the screen thank you. I want to be very clear the clear of this Initiative Ordinance is establish a pathway to maximize the amount of Affordable Housing that the city can require of developers. The current requirements are too low. Not only are they too low but theyre a one size fits all rules and acts if a luxury tower downtown has the same economics as a project in another neighborhood. The economics are different and the rules need to be different the mayor directed staff to bring working groups to bring stakeholders together for