they have some public finances, but they don't have that much. you don't want to gear the public financing program around the poorest candidates. they're not the problem. it's the candidates with big money. those are the ones you want to figure out how to put the rules around so they don't just have a spending cap that goes to infinity. so there's a number -- we already mentioned about the graphs -- i guess beauty is in the eye of the beholder. i look at though graphs, and -- those graphs, and i say spending limits with working. candidates are -- a few weeks to a month before the caps arist willed, compared to if you were to implement the policy that the staff had put before you. a few weeks in a campaign is a lifetime. so the other proposed support, instead of gear it to campaign expenditure, gear it to contributions. and the problem is it would lead it to candidates hiding their contributions. because if they could hide their contributions, it means the other cad didn'ndidates' l don't get raised as quickly. if you don't have a method of report

budget andÑi finance comeitáee. am supervisor fewer and chaú i'mÑi joined byt( supervisorçóÑi andjf gordon marr, who isñrÑi s in.Ñi welcome, supervisor Ñiñrmarr. our clerk isñr linda Ñiwong. i would likeÑi to thank]/>Ñiçóñ can supervisorñrçóÑi"çówalton? take that without objection. take that without objection. thank you.ÑiçóçóÑiÑ madame clerk, anyw3çó announcem? >> yes, pleaseÑi silenceñrñrÑiÑ phonesçó andñrÑiñrÑiÑiÑi partÑi should cg submitted to the clerk.t(here. widener with san francisco international airport. the airport is seeking your approval for the fifth modification to existing contract with bombardier to extend the term through june 30, 2019. and to increase the amount of the contract by $5.1 million. the air train system provides year round service and consists of two lines to all terminals, garages and the bart station as well as the rental car center. 27,000 passengers use the air train on a daily basis and the system has average service level of 99.7%. so fairly high. the original contract in all su

in the eighty's the world of finance operating from the city of london and wall street increased its influence and governments and societies and became the driving force of capitalism today financial markets not governments determine their wellbeing of enteric countries. how did it come to this how could financial markets gain such influence over our lives. one person who knows the financial world better than almost anyone this year at college for nearly thirty years he was the successful fund manager on wall street and in the city of long. known of times people i was a scientist and i've been offered twenty thousand pounds to go and stone wall street in one thousand eight. and i was one of the last something in your room. and we went into the new era of reagan thatcher and liberal trade the so-called big bang in the city was all about financial deregulation let's go let the market decide and let's hire people and let's see what happens yes i suppose this really kind of control downs which we've had before and it was that we walked into where money now talks now money wins and you ne

the past program will have financing in two different models, direct financing for acquisition and rehabilitation, as well as permanent takeout financing. and the financing is really competitive and it will allow our sponsors to compete in the market place to really execute on strategic preservation opportunities within the city. most of the loans in our pipeline we expect to be structured as permanent takeout financing as in the case of the 4830 project i mentioned on the slide before. and to achieve the lowest cost of capital we expect to blend the interest rates through a combination of the below market rate and market rates financing sources. and loans would also be structured with term of up to 40 years. this table summarizes the initial round of funding, the $75 million. the bond proceeds available for loans are expected to be approximately $71.5 million. and you can see the estimated cost of issuance and other associated costs here. the current anticipated pipeline includes approximately $59 million of loans for 30 projects with about 325 units. as well as if we were to issue the full $75

the second is to, as you said, provide financing for countries that have a balance of payment crisis. they can't pay their debt. and we provide financing and to do that, we say, "fine, but you're going to have to restore your public finance management, you're going to have to improve your situation, you're going to have to do reforms in order to regain your sovereignty and not need the international monetary fund anymore. and the third line of business is technical assistance, and we help with anti-money-laundering, with combating the financing of terrorism, with helping countries run their debt management, designing their tax system, and so on and so forth. >> the international monetary fund played a critical role in the time after the 2008 financial crisis. >> yeah. >> but you did have this wonderful quote about the financial crisis, and if lehman brothers had been lehman sisters, the history would have been a bit different. can you tell us what you meant by that? >> you know, it may have been influenced by the fact that i was the only female finance minister in the world. and seein

and if we look at the financing, the sources of financing for b.r.i., public financing , especially financing from policy banks such as china development bank , cbd, definitely occupying the largest majority of shares. so for a lot of these infrastructure projects along b.r.i., the support from cbd -- cdb, is higher than 80%. the east rail link in malaysia, you see ask him a budding originally 85% -- axom provided 85%. the other 15% was going to be raised through financial capital market by malaysia. but the problem, the internal logical problem of this model is that i think china when it first considered these markets and these opportunities , it failed to take into consideration of the essential problem, that why the market has always been there but the capital is not there. in other words, the chinese were having their eyes on the markets and the opportunity and the contracts the b.r.i. countries could afford, but it failed to ask questions why international bankers and financiers had not identified these opportunities as good ones. so that's really the essential problem. so china saw the

as finance minister.hey said, that is selected get, about six or seven investors, first in jerusalem, then in london. they said, why should we invest here? everything is shrinking, collapsing. and i said, well, here's what i'm going to do. and i described to them all of these reforms basically. cutting the public sector, reducing tax rates, reducing the hurdles of the competition and so on. just everything. reforming welfare. the lot. and they hear this, and about 10 minutes into my discussion they said, well maybe this guy is crazy enough to do this. and so they said, what we should, if you will really do this, what should we invest in? and i said to them, i'm not a stock broker. but if you want a tip, i'll give you a tip. invest in anything. invest in a parking space in tel aviv. it's going to be worth a lot more. david: president trump, he obviously is skeptical about the iranian agreement. you are skeptical of that agreement. pm netanyahu: you don't want the preeminent terrorist-sponsoring regime in t

when i came into the finance ministry, i was prime minister, lost, came back as finance minister, thenme minister. and when i was finance minister, they told me, don't take this job. you'll never be prime minister, they said. i said, well why is it that i want to be prime minister? well, one of the two reasons is that i want to reform the israeli economy. that's why i want to, you know, i want to be there in the first place. so, you know, if we achieve that, that's good enough. and that's what i ended up doing. david: so -- pm netanyahu: but when i came into the finance ministry, this is just a tip for any of you who want to be israeli finance minister, something i don't recommend. [laughter] pm netanyahu: but when i came in, you know, i said, well we're going to do this, we're going to do that, you know, we are going to make all these reforms. and the staff at the finance ministry were very able people. they said, mr. minister, you can't do that. i said why not? they said because this reform will get you a three month general strike, and that reform will get you a three month general

, including tax credits, mortgage, and 34 ohcd gap financing, and they expect to close financing and begin construction by the end of next month. the project is expected to be complete by the end of 2020. so behalf of the development team and mohcd, i'd like to thank you for your consideration of this resolution and your continued support of this project. and i'm here joined by members of my development team and amy chan, and we're happy to answer any questions you might have. >> supervisor fewer: thank you. colleagues, any question? none at all. okay. and i don't believe we have a b.l.a. report, is that right? okay. let's open it up to for public comment. i have one card, and i believe this is feliciano rivera. for give me if i mispronounce your name. >> you actually had it spot on. i am here speaking on behalf of the development team. we're grateful for the partnership and support that we have received from the city. as you may be aware, we've been facing a significant affordable housing crisis obviously citywide but in the mission in particular, meta, our partners, tmdc, and our p

he financed the louisiana purchase. he put things on a steady keel. economy, and riddance of the public debt was a jefferson's mantra and gallatin turned that into a reality. gallatin's frugality had a heavy price. the u.s. was a week and a young nation on the fringe of an atlantic world dominated by britain and france. for the first 25 years of the nation's existence under the powersution, those great were at war with each other. the war lasted and tell napoleon's defeat of waterloo. it was one of the largest military conflicts in human history. america's distance from europe to the u.s. breathing room but not enough. the u.s. had a long and indefensible coastline, a vast and largely ungoverned interior and an economy that depended on export of raw materials and food to europe. once britain and france decided to use trade disruption as a way , theakening each other collateral damage to america's interests were inevitable. despite that threat, gallatin insisted on repaying public debt over military preparations. when damage to american interests final

it will not happen given the campaign-finance system enacted by the supreme court. the new financing system is essential to and candidate dependency , to empower ordinary americans and greatly reduce the power and influence of big money funders. secondly, we do not enter this battle wearing robes covered classes. we know the battle will be difficult and will take time. we envision a 3 to 5 year battle but, this fight will not stop until hr1 is enacted. it took five years to enact the mccain-feingold law over the obstructionist tactics and unyielding opposition of then senator mcconnell and now senate majority leader mcconnell. in the end, the mccain-feingold law was enacted in the year with a republican president, a house controlled by republicans and a senate controlled by democrats by one vote. so, do not be mistaken with the idea that because this bill is not going to pass the senate in this congress, it's not going to be enacted. it's going to be enacted. public outrage plays a central role in winning the reform battle in 2002, citizens will rise up again to win

the plan seemed to work the stock markets built roads no longer needed to be financed by. creasing wages and tax revenue now it was all about credits governments and individuals were to take up loans from banks and investors so that they could be good consumers and thus generate brooks's. credit cards come along overdraft so to use lending for houses becomes widely available and it's at that point that explodes but now it's not just the very wealthy have access to all these things consumerism is now people lower down the income scales as well and if you look at money supply in that and supply credits in the early eighty's it just explodes. going at the end that's been access to consumerism and promotion of current consumerism close debt which is created the growth we created the way we are today. the cold logic of the market to go over producing winners and losers. one of the people who knew best how to profit from this new logic was donald trump . i really think i have an instinct but i don't think it's the instinct was shock i think it's the instinct of of maybe getting

ministers,ing on finance and treasury as well. be very active and aggressive on treasury which,ent as well, currency wise, treaty was, we will be very active and interestingly in the market. the defense on how much we are going to borrow. it is normal, i think. other than the previous stuff are treasury his head. will it take a little bit longer? >> starting from the second quarter. but as for escorted started way better than i expected. interest rates declined significantly. the few times that central bank interest rates and money market rates and the difference between them are about 18%. the day before, the treasury has landed. on 18.06. the central bank, 24%. what is the government's plan to boost loan growth? growth,r than a quality we will rely on exports of terrorism as well. having these kind of incentives is very much dependent on the economy. there is a significant advantage. dynamic,s a very internal kind of economy base. moreover, the thing that turkey , it comes with significant opportunities. these kind of strategica

and the third part, of course, campaign finance. it is long past time to reduce the influence of big money on this bill disl that. it creates a small dollar matching program that will reward those who are running grass-roots campaigns of the did.that i i was proud on my campaign trail, as congressman sarbanes said, to make campaign finance reform a key platform and i'm the first democrat to represent my area -- ever. 100 years and got lost on the district drawing but art of the way i appealed to wide demographic in orange county was by making it clear i'm going to listen to the people of my district and the people of this country and not politics so asy congressman sarbanes said, i'm of my entiref freshman class who run on this issue. dozens and dozens of us led the way in setting new standards in about campaign finance. we are living proof that you can get elected in tough seats by what's right on special interest money, not by taking special interest money. so proud to have the support of all of those leaders in moving h.r.-1 forw

lynch, for his leadership on illicit financing issues and this bill in particular. always enjoy teaming up with him and i value his input and expertise on these issues. i'm hopeful we'll see some movement on his legislation i'm proud to be co-leading with that with you. but today, mr. speaker, i rise in strong support of my bipartisan legislation, the financial technology protection act. i said this many times before but i'll say it again because it bears repeating. illicit financing networks are the linchpin of any terrorist group, criminal organization, or rogue state operations. as we move into an increasingly digital and virtual world, criminals and terrorists will start to use new technologies that are available to them. this shouldn't shock anyone. of course, we all recognize that the good that comes with innovation and technology, but there's always bad actors as well. and the bottom line is that the federal government has to be one step ahead of the illicit actors in this new space without threatening technological innovation and that's what this bill will d

as finance minister. they said, that is selected get, about six or seven investors, first in jerusalem, then in london. they said, why should we invest here? everything is shrinking, collapsing. and i said, well, here's what i'm going to do. and i described to them all of these reforms basically. cutting the public sector, reducing tax rates, reducing the hurdles of the competition and so on. just everything. reforming welfare. the lot. and they hear this, and about 10 minutes into my discussion they said, well maybe this guy is crazy enough to do this. and so they said, what we should, if you will really do this, what should we invest in? and i said to them, i'm not a stock broker. but if you want a tip, i'll give you a tip. you a tip. invest in anything. invest in a parking space in tel aviv. you a tip. invest in anything. invest in a parking space in tel aviv. it's going to be worth a lot more. david: president trump, he obviously is skeptical about the iranian agreement. you are skeptical of that agre

they finance more technology companies. we focus on the traditional small business, the brick and mortar small business, the restaurant, the barbershop, the construction guy. these are not funded by venture capitalists. traditionally they have been funded by banks. but since 2008, banks have significantly pulled out from that industry. when you look today, gaining financing from a bank for a small business, only one out of four can get approved. so that's very difficult. that's where we come in. our only purpose is to finance small businesses. >> you obviously are talking to a lot of small businesses every day. there's a lot of disquiet right now about the u.s. economy and about the global economy. what are you hearing back from your clients or customers, whatever you call them? >> well, our customers are consumers, so they are aware of what's going on in the markets. you know, people are looking and seeing what's going on, whether interest rates are going up or the markets are volatile. but no one has a crystal ball. thing

banking finance is more fundamental. so much more fundamental to german economy than it is to the u.s. even more boring, capital markets union. tom: i love this. stephanie: the whole point is to have alternatives so you're not reliant on banks. tom: bloomberg radio and television, stephanie flanders puts us to sleep. jonathan: you make a good point. the problem with ecb is that banks were doing all the financing and banks were impaired. it could ease financial markets but it was not enough. couragee: the real would have been to have a countercyclical fiscal policy to be able -- the problem with the eurozone was they were more dependent on monetary policy because across eurozone, fiscal policy was not where they would have wanted it. tom: the u.s. can take a victory lap over 10 years of clearing the market. we are still politically subpar gdp, other than the aberration of make america great again. what is your economic team in the u.s. say about the new level of growth of the u.s.? jp morgan, 2% at best? that is not accep

comp companies the place to go to find financing particularly international large fine. to do risk management and and they will have to shift some of that business because london is likely going to lose its so-called passport he writes these past putting rights would allow financial institutions in london to sell sea services on to corporations on the continent not all but some of that would be questioned and some of that would be lost those rights so the companies will then have to relocate some of those financing activities onto the continent the most prominent example is likely going to be so-called interest rate derivatives what companies insure some cells against changes in interest rate by futures and options and o.t.c. derivatives this is very likely having to be moved onto the continent and that's what we see a lot of companies are already in the process of doing i want to ask why all of this matters to people like you and me and anyone watching london's financial services industry pumped a lot of money back into the british economy could brigs it trigger a reces

and physicians to lead and finances a huge project.year totaled projects reached almost $7 billion. projects are too many that will be awarded this year and closing 2018. i believe that low oil prices won't impact the fiscal policy in the government is pushing more projects of the market. the focus of the government currently is basically to finance their projects of the tpp or through backs. manus: kuwait unveiled its budget proposal that forecasted 2.1% following the deficit this year. that is despite an increase in spending. the finance minister says the government remains committed to economic -- has largely failed to materialize. they are expecting -- they are very conservative. they are basing everything on a $55 oil price, which is five dollars more than they did for the current year. areeven with that, they removing about 10% of all the revenue that comes, including oil revenue coming to future generation funds and try to focus on spending and growing hispanic to try to have economic growth in the country. so far, they are bein

has proceeded with caution allowing the markets time to adapt to more expensive financing for now the main question is whether the e.c.b. will raise the interest rate next year. a major challenge facing germany in the new year is catching up with digitisation from high speed internet to the digital class for europe's most powerful economy is struggling to adapt to the digital age unlike a stony or a small the e.u. member state in the baltics has become a major digital hub. in a still nia coding has been part of the national curriculum for years these children are learning how to program their own music software and gail's. high speed wife i is you pick wishes in the country in fact the government declared internet access to rice as far back as the year two thousand. here in germany on the other hand universal high speed internet still feels like a distant dream especially in rural areas yes it's a sort of germany is largely covered by forests some twenty percent.

but it quickly became clear that the bankruptcy is moving forward with financing now in place. more than 30 protesters shouted down the p.u.c., but they voted to approve new financing to keep pg&e operating while it goes through bankruptcy. >> this is going to allow, if pg&e files for bankruptcy, the continuation of the lights being on and the continuation of the workforce being able to continue. >> the protesters used public comment to read the names of the 86 people who died in the come foy camp fire and called for pg&e to be broken up. >> what we need is a public takeover of the monopoly utilities. that's the only way we're going to have utilities that are accountable to the people over profits. >> they also tried to interrupt the vote but the measure passed. pg&e can move forward with bankruptcy, pekted for tomorrow now that the financing is in place. they estimate the liabilities from the 2017 and 2018 wildfires will exceed $30 billion. after today's vote, the utility issued a statement that reads in part, the p. financing pro vietds funds needed to continuing operating ou

he was michael cohen's taxi business partner and finance guy.nd he got this whole host of charges against him boiled down to basically nothing in a new york state courtroom in may in exchange for him becoming a cooperating witness for the government. so it made sense that anything that might have been a little bit hinkie with michael cohen's finances in the taxi business made sense that prosecutors would be able to nail down evidence of that once they got his partner to cooperate, right? so, him turning up in court, michael cohen turning up in court in august, it was dramatic but it was also sort of orderly in terms of us understanding the plot here. law enforcement in new york gets search warrants to raid him and raid his office. they flip his business partner. within a matter of months by the end of the summer, they've got home in court pleading guilty on five felony tax evasion charges and a bank fraud charge. which is kind of the same general species of crime. in that instance, it was him lying to a bank in order to get a loan. so all of tha

ing's global head of trading commodity finance. of those same shareholders back another blockchain base platform, and they will export some synergies. here's what's on my radar. tuesday, the saudi oil minister will speak in abu dhabi, don't miss that. wednesday, a report consider the kickoff of earnings season. thursday, opec will report its monthly oil market readout. that does it for "commodities edge." catch us at 6:00 p.m. london time. this is bloomberg. ♪ i am a family man. i am a techie dad. i believe the best technology should feel effortless. like magic. at comcast, it's my job to develop, apps and tools that simplify your experience. my name is mike, i'm in product development at comcast. we're working to make things simple, easy and awesome. scarlet: i'm scarlet fu. this is "etf iq." we focus on the access, risks, and rewards offered by exchange traded funds. back in favor. bonds make a comeback as a hedge against equity breakdowns. we take a random walk down wall street. 46 years after the first edition author bert micha

they also known you will strive us to be seen as we could never knock to a finance if a few of what's in it is if your parts and it's high fashion mission via in so going to invest even a high sheen visteon as acts in the movie and it's at the law. as a given in the token fini gun openly given me a in didn't shred and then he can and then his facts to mean decent and none mcleish who will have to duck and. and if they hit the tufted his just team on the box to me is the nucleus is to stop it going to push that shit i knew was an invoice spent nine as if to be a end of it to one of us from the force to. things c. and d. gothic and going to go yahoo what was he thought he could hang up the subjects to use for cough but is thinking hard to see i know it. is for cough bon. another of millions of insured individuals is sent on its way to multiply when andre has group as team has a rough idea to which countries and sectors the billions that flow they hire an asset manager he determines what stocks or bonds to invest and. most of our clients are institutions what they want is they want their

she's already subject to some campaign finance laws.n it comes to the earlier poll, the poll where michael cohen is trying to drum up support where the idea then mr. trump was a good businessman, i think that falls outside of campaign finance law. what we're focused on is the later poll, 2015 poll, where at that point i think it was almost cand candidate trump, he was testing the waters and then we have to look if michael cohen either as he said made the payments at the direction of president trump or in concert with the campaign, it looks like it could be a campaign expenditure, or if we don't believe there was any sort of coordination between cohen and the trump campaign or the recent trump campaign, it looks like an expend chur. either case we're looking at campaign law violations. >> and cohen is going out of his way to imply what donald trump said at earlier points, cohen was not acting independently. i don't know if that's a legal thing he has to keep on saying that every time he admits to doing something or it's really true. but

i think finance is so dynamic. it changes. there are risks.hat you need to do, when times are good, always keep in the back of your mind, it's not going to last. in the depths of financial downturns like we saw in 2008, don't lose faith. doing the right things and working together, we can reestablish the financial markets. david: success in retrospect always looks easy. at the time, it is not quite so easy. come back to where you did the high ridge capital deal. where there moments where you had doubts? what were your biggest risks? it's putting together two very different cultures. jes: one of the main risks, i remember when we took it to the board of margin to get approved, one of the director said, jes, i really leaning to not vote in favor of this acquisition. what is ironic about that is i have a lot of my own money with highbridge. the reason is, my view is, that asset manager is the best portfolios in the world that you find in hedge funds, they won't work for a big bank. i took that to heart. i realize that. what makes an asset managem

it's an amendment to the finance bill. see the chamber there filling up as they prepare to vote on this amendment. and it does have a lot of tory backing. in fact, nicky morgan made it clear today she believed that history, or rather, amber rudd, the work and pensions secretary, made it clear in the cabinet meeting that history would ta ke cabinet meeting that history would take a cabinet meeting that history would takea dim cabinet meeting that history would take a dim view of the government if it allowed the uk to leave the european union with no deal on the 29th of march. we expect that vote in the next few minutes or so. as i say, it would restrict the government's movement, as it were, in trying to allow a no—deal brexit, if theresa may's proposals are voted down next week, which is what many people believe will happen. vicki young is in the commons now. if this amendment likely to go through? it seems possible because there is a certain amount of conservative backing. the interesting thing is not necessarily the tech

international development finance and does it in a way that's rather unique. the african development bank can be used. and then this equity funds can be used. loans can be made in the currency of the country. so this will mobilize private capital in support of sustainable broad based economic growth. it is going to provide countries a firm alternative to state-directed investments by authoritarian governments like the one in beijing. but as you know, their $1 trillion, one belt-one road is deskcally the equivalent of the marshal plan in term of the capital deployed there. as you note in your testimony, the problem is that china's model of development finance, which by the way, i have seen firsthand in many of these countries looks more like loan sharking with zero concern for debt sustainability. and as a consequence, according to recent reports, eight countries are at risk of debt distress. as a result, pakistan is currently seeking a multibillion dollar ifm bailout. in july, secretary pompeo said there is no rationale for imf tax dollars and those associated

in the eighty's the world of finance operating from the city of london and wall street increased its influence and governments and societies and became the driving force of capitalism today financial markets not governments determine the wellbeing of anti countries. how did it come to this how could financial markets gain such influence over our lives. one person who knows the financial world better than almost anyone this year at college for nearly thirty years he was a successful fund manager on wall street and in the city of long. known of times people much when i was a scientist and i've been offered twenty thousand pounds to go and stone wall street in one thousand eight. and i was one of the worst i was the beginning of. how we went into the new era of reagan thatcher and liberal trade the so-called big bang in the city was all about financial deregulation let's go let the market decide and let's hire people and let's see what happens yes i suppose this really kind of control downs which we've had before and it was that we walked into where money now talks now money wins and yo

the french finance minister confirms ghosn‘s departure from renault, but will the move help ease tensionsh its japanese partner nissan? also in the programme microsoft's search engine bing is blocked in china — as trade tensions between beijing and the us remain high. and stock market gains are muted — despite strong earnings from the likes of ibm and the consumer goods company proctor and gamble. and we'll be live in davos, head of the world trade organisation has been talking to our very own sally bundock about trade (mix today we want to know how do you deal with stress in the workplace? this comes after prince william reveals his mental health was affected when he worked as an ambulance pilot and he needed to open up to his fellow colleagues. let us know — just use the hashtag bbcbizlive hello and welcome to business live. we start in paris — where the french finance minister bruno le maire has announced carlos ghosn has stepped down as chairman and chief executive of renault. it's been effectively left without a boss since november, when ghosn was arrested and held in japan for alleg

>> well, the finance ministry, not necessary, can trigger a merger for deutsche bank because they don't have a stake in it. what they could do, because they own a substantial stake in the bank still dating back from the years of the financial crisis, they could pull up that stake for sale, and they could trigger a merger or some sort of sale am commerzbank. the ceo of deutsche bank is also known as being close to berlin he wants to have the support from berlin because in the past deutsche bank had a very sort of strained relationship with berlin with the political side of things, and that is changing with christian, and clearly, he probably also thinks that in the years ahead, he needs to have the support from berlin. needs to have some more lobbying also for a strong financial strl, but whether such a merger is imminent like first quarter, second quarter, it's hard to tell, and it's not very realistic, to be fair. back to you. >> excellent thank you for bringing us the latest on deutsche, and i'm sure this is not the last time we have a discussion about this topic. thank you. >>> let's

ing's global head of trading commodity finance.f those same shareholders back another blockchain base platform, and they will export some synergies. here's what's on my radar. tuesday, the saudi oil minister will speak in abu dhabi, don't miss that. wednesday, a report consider the kickoff of earnings season. thursday, opec will report its monthly oil market readout. that does it for "commodities edge." catch us at 6:00 p.m. london time. this is bloomberg. ♪ place, the xfinity xfi gateway. and it's strengthened by xfi pods, which plug in to extend the wifi even farther, past anything that stands in its way. ...well almost anything. leave no room behind with xfi pods. simple. easy. awesome. click or visit a retail store today. amazon prime video so when you say words like... show me best of prime video into this... you'll see awesome stuff like this. discover prime originals like the emmy-winning the marvelous mrs. maisel... tom clancy's jack ryan... and the man in the high castle. all in the same place as your live tv. its all incl

-- big to passmain reluctant on a lot of that financing. upexpects in fact a tick in bankruptcies. the pboc has been trying to unclog the transmission channels to ensure banks are learning more and that is part of the medium term lending facility changing that to ensure banks are not trying to pressure the banks or at least give them the tools to pass on some of this credit in terms of corporate that may need that as well. tom, thank you. lots of stuff today. tom mackenzie for us out of beijing. let's get more of this out of sydney and across it to the head the- and bring it across to head. i am sure you heard part of what tom was going through, this is it me of support measures and descriptions of where we are for the chinese economy. your broad thoughts, sir? >> so firstly, happy new year. fx by theook at the chinese authorities, what you see is not an aggressive all in style like we saw in 2016, but ,low but persistent stimulus multi pronged, across monetary policy and fiscal policy, so that is why the fx has not really been -- the effec

and that's the way he was financing these deals. i would want to know everything he knows about the financing. that would be my initial area. >> of the points you'd like to hear, many have to do with donald trump and the campaign, donald trump and other people that were involved. the part that may be very interesting to congress is this idea of coordinating michael cohen's testimony. before testified before congress the first time, who did he talk to in the white house? was there some level of coordination because that's not candidate donald trump, who by the way keeps on telling everybody, he didn't do anything wrong. once it becomes president donald trump or president donald trump's white house, they may have been coordinating with michael keen is an area of remarkable interest to people. was he still doing business with michael cohen about covering things up after becoming president of the united states? >> right, exactly. and, of course, congress has a unique interest in that, whether or not he was lying to congress and that is

redevelopment and financing $2.2 billion for this project. not only the largest in our history, but the largest in the united states. it really is something special. we think we are special in san francisco, and especially from a bank of america standpoint. we were founded 115 years ago as the bank of italy. as we think about our legacy here in the city, certainly after our founding with the 1996 earthquake, and the importance of getting people back in their homes, that is what we are able to do. thank you to all of the people involved. thank you for the relationship we have with mercy housing. thank you to the san francisco department of housing, to get our elected officials, and to everyone a blank -- bank of america who made this possible. thank you so much. [applause] >> all right. probably the most interesting part of all these presentations is withstanding all of our excellent talk. it is really to have a chance to hear from the resident about what the experience has been like. we do this work for residents, that is the reason for mercy

indeed, we've seen already, there is going to be no eurozone finance minister.e budget is going to be tiny, not the massive budget that you wanted. you have lost the argument in europe. you like to provocate, but i am a calm guy, and i can tell you that we did not lose our credibility. and many people, many nations, are waiting for the solutions and the proposals coming from france. they are waiting for a strong couple between berlin and paris to propose solutions to be discussed among all our partners. but maybe, minister, you are not listening to what is happening in europe as a whole. did you not see... we are all in the same boat — poland, germany, italy, spain, we are facing the same challenges. the challenge is not to fight against poland, germany, spain or italy. the challenge is to gather our forces to invest more, to innovate more, and to be in a situation to resist the competition coming from china and coming from the us. that's the key challenge. and what i'm asking for, more integration within the eurozone, more investment in innovation, in new techn