we have ative fea loan of 171 million and financeed in 2010 when interest was higher and we intend to refinance that and if we're successful that would leave other revenues for phase two. the other difference has to do with what we anticipate in terms of future interest rates so moving down the next four items are the bay area items that i mentioned. >> >> and the sales tax and 375 and prop k and funds from the new starts and the way that we access those funds is lining up all of the non federal funds and once you do that then the federal government will release the new starts funding through a full funding grant agreement and noted earlier we have been notified that the dtx will continually designated as a high performing project in planned bay area and important for the commitments including the new starts designation and then below that 300 million from future bridge tolls and funds from high rail funds and mtc reiterated that and this is included and from future press releases. below that we have the yet to be committed funds and one for phase two and block four. it is the norther

in the run-up to this, the financee of german minister said it would be a disaster. hardball.e will play is that there can be no halfway house for the u.k.. he said u.k. could not resigned from the club and still expect to use some facilities. tom: thank you. msnbc.ow being taken by good morning to all our american viewers. i'm afraid we have something of a shock for you which is that it we have left the european union. been bouncing to and from the city and that is the pound against the dollar and tells the story. we started yesterday evening making it clear that the market had called the referendum that , remain would remain the course. the probability of the vote to leave in the pound has fallen. as was predicted against the do

commercial real estate, industrial companies and then about retail, too, the backers of these companies, financees are going to suffer too. goldman sachs calling for a recession in the uk by early 2017. jpmorgan chase lowered earnings estimates for 40 european banks by an average of 13% and cut the price targets on all of them. then deutsche bank came out and said boe is going to have to cut rates, we're going to get further easing. that's going to hit their margin, too. they just can't win. hits keep coming for companies. deutsche bank titled political crisis, not financial one. you are seeing, brian, some financial cracks start to show. we watched pretty closely, saw a spike in cds. that shows you cost of buying insurance. it gets more expensive if a bank is riskier, despite to levels we haven't seen in a couple years. it wasn't necessarily worrisome. now with equity prices coming down, that's going to price a little more risk into the system. i talked to a lot of executives watching that closely, libor spreads how banks fund them selves closely. they are watching at some point where we could s

we have ative fea loan of 171 million and financeed in 2010 when interest was higher and we intend to refinance that and if we're successful that would leave other revenues for phase two. the other difference has to do with what we anticipate in terms of future interest rates so moving down the next four items are the bay area items that i mentioned. >> >> and the sales tax and 375 and prop k and funds from the new starts and the way that we access those funds is lining up all of the non federal funds and once you do that then the federal government will release the new starts funding through a full funding grant agreement and noted earlier we have been notified that the dtx will continually designated as a high performing project in planned bay area and important for the commitments including the new starts designation and then below that 300 million from future bridge tolls and funds from high rail funds and mtc reiterated that and this is included and from future press releases. below that we have the yet to be committed funds and one for phase two and block four. it is the norther

we have ative fea loan of 171 million and financeed in 2010 when interest was higher and we intend to refinance that and if we're successful that would leave other revenues for phase two. the other difference has to do with what we anticipate in terms of future interest rates so moving down the next four items are the bay area items that i mentioned. >> >> and the sales tax and 375 and prop k and funds from the new starts and the way that we access those funds is lining up all of the non federal funds and once you do that then the federal government will release the new starts funding through a full funding grant agreement and noted earlier we have been notified that the dtx will continually designated as a high performing project in planned bay area and important for the commitments including the new starts designation and then below that 300 million from future bridge tolls and funds from high rail funds and mtc reiterated that and this is included and from future press releases. below that we have the yet to be committed funds and one for phase two and block four. it is the norther

we have ative fea loan of 171 million and financeed in 2010 when interest was higher and we intend toce that and if we're successful that would leave other revenues for phase two. the other difference has to do with what we anticipate in terms of future interest rates so moving down the next four items are the bay area items that i mentioned. >> >> and the sales tax and 375 and prop k and funds from the new starts and the way that we access those funds is lining up all of the non federal funds and once you do that then the federal government will release the new starts funding through a full funding grant agreement and noted earlier we have been notified that the dtx will continually designated as a high performing project in planned bay area and important for the commitments including the new starts designation and then below that 300 million from future bridge tolls and funds from high rail funds and mtc reiterated that and this is included and from future press releases. below that we have the yet to be committed funds and one for phase two and block four. it is the northern third