so al jazeera asked mcquarrie to respond to statements made about them in the program, who mcquarrie replied to say that they took their role in economic and community infrastructure very seriously. that in the time that fund was a shareholder, tmz water had made $14700000000.00 of capital investment. and that this had allowed tim's water to reduce leakage. and to keep bills at a low level, they went on to say that the investment had been financed by profits and borrowing and had been approved by the u. k. water services regulator off what they concluded by saying the terms walter had paid an average dividend to shareholders of 11 percent of capital expenditure. but in 2021 awful lot gave the go ahead from a quarry to return to the u. k. privatized water sector, and run another company, southern water. ah, the last stage in the financial, i zation of what? the launch of a stock market index to bet on won't prices buy nasdaq, a stock exchange, specialize in technology. this is the 1st time that water has been reduced to an algorithm. is water. the next oil? we set it off as a question

when it sold its fun share in the company, march 2017. mcquarry says it had just over $13000000000.00 of debt. somebody at that point will have to repay all those borrowing. well, if any one source of money in the whole water industry, and that is the customer and when the customer has to repay the borrowing that will affect the charges they have to pay. and of course, the owners will never return the dividends they've taken out. those have just gone i think they take a view that this is affect him unless cry. oh, the funny thing is that you case experience with privatization is no one else in the developed world. done it, it's a one off. and sometimes you have to ask yourself why i use today of 80 percent of britons would like to go back to a time when water was a common public and essentially free resource. but this concept is slipping away. ah well sit through another 24 hours, the big dream hate overnighted. bailey dipped below 30 degrees in many parts of the state. the temperature is soaring in the mid high during the day the shopping license. it remained extremely hot. today wit

the australia based mcquarrie funnels was a shareholder in terms water for just over 10 years. when it sold its fun share in the company, march 2017. mcquarry says it had just over $13000000000.00 of debt. somebody at that point will have to repay all those borrowing well as any one source of money in the whole water industry. and that is the customer. and when the customer has to repay those borrowings that will affect the charges they have to pay. and of course the owners will never return the dividends they've taken out. those have just gone i think they take a few that this is a victimless crime. ah. the funny thing about you case experience will to privatization is no one else in the developed world has done it. it's a one off and sometimes you have to ask yourself, why is it today of 80 percent of britney's would like to go back to a time when wharton was a common public and essentially free resource. but this concept is slipping away joins swelter through another 24 hours of extreme hate. ivan, i had barely dipped below 30 degrees in many parts of the state, with tempera

david: we will talk to mcquarrie on that story, whether it is vacation star, whether it moves the needle on earnings guidance for the chinese corporate amidst a global economy that is slowing down, and investors looking to china for that engine of growth. it takes us into the market positioning ahead of a crucial central-bank decision, because could this be the last one from the fed, if they do deliver on that? and is there wisdom on waiting? can they just revisit that in the next quarter, just given how uncertain and all the moving parts of there are. markets moving up substantially ahead of that fed decision. yvonne: in the heat of the pandemic, we were talking about, does that create panic when they drop those projections, or it provides more clarity than confusion? that is one to watch. and is there anything about qt? if they suggest this is a separate issue, can qt make a rebound in the face of other banks' issues? i guess they will be fielding a lot of questions about whether san francisco fed, where they were missing on what happened with svb and all of that. i think financial tim

one person was asked about the takeover of the network and she said mcquarrie will only talk about suchseeking subsidies, intel moving ahead with a chip plant. it wants an additional 4 billion to 5 billion euros. until delayed the start of the project due to economic headwinds. -- intel delayed the start of the project due to economic headwinds. rishaad: let's look at markets. everything to do with jerome powell. we are looking at the hang seng as we had to lunch. this is the biggest move for the hang seng since january 13. we are looking at the bond market and the spread between the two year treasury yield and the 10 year reaching the deepest inversion since 1981 to one of the victims of the recession. more on the way. bloomberg daybreak middle east is coming your way next. ♪ it's easy to get lost in investment research. introducing j.p. morgan personal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. - [announcer] imagine having fuller, thicker, more voluminous ha