pwc came out with their 2017 survey. interesting is how many cities in asia made it as some of the top markets. mitch: it is where those cities are. you have bangalore, mumbai, manila, ho chi minh city, shenzhen. you look back, you saw beijing, other cities. china is becoming a little less popular for global real estate investors. what is interesting about cities in india is you would think there's concerned about growth and that is why investors are looking where maybe the hurt isn't going. cvhina is concerns in the overbuilding. betty: how does the capital restrictions we are seeing now, how is that playing into the outlook for the chinese market? mitch: i think a lot of that --ls with institutional individual investors rather than institutional investors. what is interesting about the individual investor or the homebuyers, the growing middle class in china, and the fact that the american dream is becoming a real reality for a growing middle class in china, they want to own their home. you have a lot of supply that hit

it was missed by the external auditors, pwc, and i am told that bt is reviewing whether it even wantsnteresting things, it is the one country where when you do a forensic investigation like this, personal e—mails of employees do not have to be handed over. and the authorities' approach to this is generally to find against the company, the company did wrong, not the individuals. so if you put that together, you have the potentialfor scandals like this to happen. bt, a big worldwide company, it is facing challenges and a number of fronts, it has a whopping pension deficit, it has a whopping pension deficit, it has a whopping pension deficit, it has got a stagnation in its core revenue, some of its biggest customers are not spending money, and that is worrying for the wider economy. when a company as big as bt sees customers holding off, some people say it is to do with brexit, then they have a problem, and moody's downgraded them the other night, saying that things look pretty rough for the company. night, saying that things look pretty rough for the companylj night, saying that things

i wanted to draw your attention to one study that pwc put out. they say cos are more skeptical of the benefits of globalization. so it's not just the elected that are skeptical of what the elite are doing and the benefits of globalization, it's also the business community. let's push on. want to tell you what we have coming up from davos. we have several great guests coming up, including the eric olson, demetri cokostygin and takehiko nakao. >>> investors bought into the firm amid hopes that the president-elect would launch a massive infrastructure program once in office. we will talk to the coo of lafarge in a moment. >> in the meantime, let me show all of you what wie e are doing a market perspective. equities off a half percent. that's what we've seen since the market opened. wall street was closed yesterday in observance of martin luther king day. in asia overnight, the nikkei flirted with five-week lows, thereabouts. and the real talking point today in terms of the market talking point in britain at least is prime minister theresa may. she i

we caught up with pwc technology leader and a bloomberg reporter. >> cisco did come in at $3.7 billiongher than the $1.7 billion they were going for, but this is not a common occurrence. we saw bluecoat get bought by symantec, but they were not on the road yet. this company, appdynamics, had done all of their meetings, they had done their roadshows, investors were excited, and i guess cisco was more excited and willing to pull the trigger on a buyout. caroline: could this be a theme, could roadshows just make it all the big hot to buy in and then take them off the market? >> this coming year, there are a lot of companies coming in. there are 30 or 40 companies we are expecting to have a good chance to come out this year, but we purposely use the language that they will have an exit this year. that doesn't necessarily mean they will have an ipo, but they will have an exit. i think a lot of those companies, if you get into the midrange evaluation group, i think a lot of those companies absolutely are willing to do a dual track and see what their options are. caroline: there's one man out

we caught up with pwc technology leader and a bloomberg reporter. >> cisco did come in at $3.7 billionhan the $1.7 billion they were going for, but this is not a common occurrence. we saw bluecoat get bought by symantec, but they were not on the road yet. this company, appdynamics, had done all of their meetings, they had done their roadshows, investors were excited, and i guess cisco was more excited and willing to pull the trigger on a buyout. caroline: could this be a theme, could roadshows just make it all the big hot to buy in and then take them off the market? >> this coming year, there are a lot of companies coming in. there are 30 or 40 companies we are expecting to have a good chance to come out this year, but we purposely use the language that they will have an exit this year. that doesn't necessarily mean they will have an ipo, but they will have an exit. i think a lot of those companies, if you get into the midrange evaluation group, i think a lot of those companies absolutely are willing to do a dual track and see what their options are. caroline: there's one man out there

they looked into it after a temporary receptionist at the accountancy firm pwc was sent home for not doesn‘t say anything specific about dress codes. what it does say is that employers cannot treat a woman less favou ra bly that employers cannot treat a woman less favourably on the grounds of her sex or putting policies which have an adverse impact on women because of their gender. that is the current law. what about high heels? the committee said hundreds of women told them about pain and long—term damage caused by wearing heels for long periods of time. is there a law on forcing women to wear high heels? what a woman would have to do at the moment is to utilise that existing law to show that it was under treatment of her as a woman to have to be forced to wear high heels. there is a good chance he would be able to succeed with that claimed that the law doesn‘t that it out fairly. it is quite difficult for employees and employers to understand how existing law does interact with dress code that work. with regards to dress codes and the line of telling people what they have do wear a

rickjones is head of pubs and restaurants for consultants pwc.ita vulnerable to the fall in sterling or is it a wider problem in the industry? i don't think it is either, think it is part of the usual restaurant or retail business model, which is one where they are permanently appraising and reevaluating their existing portfolio. what we have heard from jamie's today is similar news that we we hear from jamie's today is similar news that we we hearfrom businesses throughout time, whether it is wagamama who klossed five stores at the back end of last year, eds diner, it is a case of them looking at the returns they are getting and thinking about where they invest their capitalfor the thinking about where they invest their capital for the highest returns so i don't think it is either. but the chain did say that the price of ingredients coming from italy had increased because of the drop in sterling. are other restau ra nts drop in sterling. are other restaurants going to feel a similar pinch? that that is a fair point. there are three price issues,

benson wong from pwc.utflows people's bank of china injects money at record levels. ♪ china's considering further measures to support the yuan and curb capital outflows this year. let's talk to tom mackenzie. what is going on? we are getting lots of headlines on this today. headlines breaking a little under an hour ago. officials are considering contingency plans to support the outflows,ase capital including asking state owned enterprises to temporarily conserve foreign exchange into yuan, and may trim u.s. treasury holdings to support the yuan and maintain a stable exchange rate. these lines coming after january 3, requirements put in place for chinese citizens looking to make use of this $50,000 conversion quota. have chinese citizen sign a pledge to promise not to use that converted currency to buy property, insurance products, or securities abroad. chinese citizens also have to detail what they will be spending their money on, and it points to the pressures officials are under to maintain or pull back

we caught up with pwc technology leader and a bloomberg reporter. >> cisco did come in at $3.7 billioner than the $1.7 billion they were going for, but this is not a common occurrence. we saw bluecoat get bought by symantec, but they were not on the road yet. this company, appdynamics, had done all of their meetings, they had done their roadshows, investors were excited, and i guess cisco was more excited and willing to pull the trigger on a buyout. caroline: could this be a theme, could roadshows just make it all the big hot to buy in and then take them off the market? >> this coming year, there are a lot of companies coming in. there are 30 or 40 companies we are expecting to have a good chance to come out this year, but we purposely use the language that they will have an exit this year. that doesn't necessarily mean they will have an ipo, but they will have an exit. i think a lot of those companies, if you get into the midrange evaluation group, i think a lot of those companies absolutely are willing to do a dual track and see what their options are. caroline: there's one man out t

to be clear, pwc did not fund these accounts that had been unauthorized because it could not rule out the possibility -- these accounts were further review to determine if any fees being charged. pwc calculated that approximately 115,000 of these accounts had incurred $2.6 million of fees which had been refunded to those customers. even one on authorized account is one to many. this type of activity has no place in our culture. we are committed to getting it right when hundred percent of the time, and when we fall short, we accept responsibility, and we will do everything we can to make it right by our customers. i will close by saying again, i'm deeply sorry that we have not lived up to our values in this way. i also want to take this opportunity to thank our 268,000 team members who come to work every day to serve our customers. today i'm making a personal commitment to rebuilding our customers and investors' trust, the faith of our team members, and the confidence of the american people. i'm happy now to address your questions. thank you. >> thanks for calling this hearing. what we

pwc said there were nine deals worth billions of dollars which closed in the first three months of lastn the way. thez projects carry risk, but public-private pension funds are drawn to the slow, steady returns. >> many of the projects are accelerated by in some cases a decade or more, one, because we are able to put the capital up front where the city would spend many years trying to figure out where they would get the funds. >> the great thing about this project also is we have a local hiring component, so we're bringing in local veterans, local workers who also work on the building. so it's pretty much a win-win all the way around. >> reporter: now, north of here at l.a.x., they're taking bids on private partners to modernize l.a.x., much like they have done at laguardia. >> there is no city in america that's moving more aggressively on its infrastructure, and we're funding our part. we want the private sector and the feds to be there along the way. so far it's been very successful. >> reporter: well, there is a potential hitch. los angeles is a sanctuary city. long beach is in sort