>> in terms of -- well, the ncern concerns and that is where you see sme of the protest movements. looking at pretty extensive growth in the future and we have to make sure that the infrastructure can support that level of development. >> we're talking about a combination of housing? and better transportation to access all of that? >> it's not one size fits all. it's much higher density in the big central cities than the transit corridors, which are three or four story buildings that are appropriate to size. >> one small was really close to this right? >> yes. i think there has bee an awful lot of misinformation that has been spread. agencies are imposing mandates where they will change the way people live. these are all local government plans. every development area has been self-nominated by local government. wh we offered dollars for plnning through the transportation mechanism to tie up the transit, a lot of cities stepped up to that. so we have 70 jurisdictions participating and about 170 priority development areas. >> so one quick question. concern about water and how will th

we should continue to push this favorable cycle strongly so that smes nationwide can be revitalized. we will have everyone in japan to realize the economic recovery. that is the mission of abenomics. >> one of the main items in the fiscal and economic reform package is a reduction in japan's corporate tax rate. business leaders have called for the change supporters say lowering the tax will attract more overseas investment. they say it will also help japanese companies compete internationally. the reduction would take effect in april of next year and would cut the tax rate from 35% to below 30% over several years. the prime minister is also calling for more support for people raising children. the policies are aimed at stabilizing japan's population. >>> abe's growth strategy featured legislation to revamp the way people work. it calls for introduction of performance-based wages for certain workers. they're people with specialized skills who earn about $100,000 a year or more. the proposal for the medical services sector would allow patients to combine treatments covered by public in

you talk about bringing sme debts on exchange. can you give me a sense of how early it is?are going to spend a lot of time talking about, particularly when it comes to what the ecb does next. can you give me a sense of what the regulatory framework looks like? were you guys are in terms of the process and how big the business could be? >> it is very early stage. it is too early to talk about which framework we are going to set up and what kind of volumes we can expect. bringre, if we manage to this kind of product to a standardized and regulated environment, first of all, we are going to help sme's to get more and better financing and second, we will help all of the financial individuals to get more present in financing. withe working in paris authorities, with the banks, with the regulators, etc. to define this framework. i cannot tell you more. it is definitely something that is going to have our attention in the next few weeks. paris' ceo. think you very much for your time. breaking news coming up on als tom. france's government said they have no preference when it comes

some kind of asset purchase qe for sme.4 sme -- effectively, buying bundles of small and medium-sized enterprise loans meaning they can put the money back into the economy. we do not have the system in place allowing them to do then. securitization programs are not in place for them to do that but governing bodies around the world are very concerned about securitization. we know the reason why. it was that the heart of the last financial crisis. the sliding scale of what could be a series of options for mario draghi today. we have had a month to digest, to plan, to even predict what the ecb would do today. comesoes it mean when it to market position? how are they position? like they think the market is going into this short bureau with a view that the euro will go down as a result. we have seen a significant drop in the euro since mario draghi made that announcement. if he disappoints today, you could see a short covering rally. that could take us back up to the one 40's. a difficult allen sing act but the suggestion is the market is going in short. >> i look forward to chatting to yo

teachers have been saying it's going on throughout the whole year, but it's prominent in the second smes ere. >> their advice to incoming freshman? relax. >> being a good person is going to help you a lot more. >> great advice. >>> now, they have the option of retaking it. but the big option is the school is thinking of revising the cheating policy. >> roughly 4,000 homecare providers rallied outside the state capitol today urging governor brown to give back overtime hours. the governor's advocates estimate 258,000 care givers 234 the state rely on overtime to make ends meet. >> we are really hoping to send a strong message to the governor to rethink his ideas on this. and to see that these are real people that are impacted by these policies. advocates say they will lose 40% of their incomes. >> the cameras are watching. the change today that could mean more tickets from red light cameras. >> and it's already one of the fastest start ups. now, they're expanding what the company wabtss to do for your dinner table. >> we'll show you how she took on the f.b.i. >>> we have breaking news out

negative deposit rate by perhaps proving they do contribute to an fls style liquidity support for smes, then, you know, i think that structure would convince people to a agree they're serious. >> charlie, stick around. we have services pmis coming out of the uk in 20 minutes. you'll stick around for that. >>> we want to know how are you positioned to benefit from the expected job and asset markets? a rise in single currency? let us know, join the conversation on "worldwide exchange," e-mail us worldwide@cnbc.com, twee tweet @cnbcwex or direct to me @rosswestgate. >>> now, tesco has posted its worst sales figures in britain in over a decade. we'll look at the future for britain's leading retailer later in the show. ♪ ♪ over 1.2 billion eyeballs are on us during the two weeks at wimbledon. true tennis fans want to know what's happening, they don't want to just see what's happening, they want to know and understand why it's happening. anybody can just put data up, but we want to get a reaction, make it far more interactive. we rely on the cloud to provide that immersive digital capability

joining sme two guests. both reporting on this.olicy standpoint, how do you begin to staunch the flow of weapons into a conflict like this? >> i think it's extremely difficult but you have to establish the monopoly of force from actual government entities and that is what we saw earlier this month when an isis-led offensive in mosul to defeat the group. there's still a very significant foreign military sales effort from the u.s. to iraq's military. and when the iraqi military cannot hold their positions or when the free syrian army loses control of its depots where there's american equipment and not the lethal weapons given to the iraqi military, insurgents and groups like isis gets control of it and what you need to do is don't give weak states or weak organizations weapons or make sure those states and organization that is you do give weapons to can repel attacks from terrorist groups. >> and that mandate of don't give weak actors weapons is something i think lost in the conversation about arming the supposed moderate elements in

economyallow 80% of the the sme, and the only way is by having a far more focused platform.k loaded the cents after 2016 the banks had to show up with some lending to smaller companies, so in other words put is a free, and 2016 ride. we continue to ignore the part of the economy which is exemplified greater in the u.k.. you create an enormous amount of jobs in the i.t. sector. , the lendingback in the u.k. has been the most targeted. i think it is the way it needs to go. to church ong sundays and praying the weather in england will bring in the world cup on mondays. >> a lot to take in. the pound has strengthened to over 170 against the u.s. dollar for the first time since august of 2009. word you see the trajectory for the u.k. economy. where will we see the first hike? rate >> it's interesting because sterling has been a lever. you look back to every time the u.k. has slowed down. we see a significant direction of sterling. likewise, the u.k. seems to have very good micro growth and macro growth. it seems to be in a better place. the sterling will continue to outperform. i

we are likely to see liquidity measures, probably designed to support sme's. due to the nature of the low rates at the moment. if he were to do a funding for lending scheme, you have a bit of a problem. the rates are so low that you cannot offer much of an incentive for the banks to lend to medium-size companies. maybe that will not be on the table. maybe we will just see a very long-term refinancing operation with even more liquidity being pushed into the system. the problem is that liquidity is not the problem. the problem is that we have a capital problem in europe. that is a very big p at the moment. they need more capital. this is where we may start to hear mario draghi talking about buying assets, may be small to medium-sized loans. we need to see that happen before that takes place. you may hear some hints about that. back to you. >> thanks, guy. bloomberg for the latest decisions from the ecb and the bank of england. we kick off with the bank of england at midday, followed by the ecb and we will bring you mario draghi's news conference live and in full

we'll hear from congressman rob bishop of utah who chairs a sme on public lands. from the heritage foundation, this is an hour. >> good morning and welcome to the heritage foundation and our lewis lairman auditorium. welcome those who join us on our heritage.org website. i will ask everyone in house if you will double check the cell phones have been turn off, especially with the rain in the area and all the magical warning of flash floods going off it might be a little more descraking than usual. we will of course post this program on the heritage home page following the presentation for everyone's future reference and our internet viewers are all welcome to send comments or questions, simply emailing speaker@heritage.org. posting our program today is rob gordon who is senior adviser for our external relations department. before joining us here in 2008, he directed several conservation organizations. from 2003 to 6, he served on committee staff for the house committee on resources. in 1989, i founded the national wilderness institute, a nonprofit conservation orga

for smes or young start-ups, make sure you have the right data to know if the work is worth pursuing itself. the company predominantly works with a lot of start-ups. but certainly keep going. >> good advice. daniel, great to chat with you. now, before we go, take a look at this. the u.s. government has grounded amazon's plans to use drones to deliver your packages. tucked away in a document released on monday, the faa named amazon's proposal of what's barred under federal use allowing the use of drones for hobby or recollection reactional uses. while the faa didn't specifically cite primary, it would be construed as a business purpose. interesting. >>> still to come on the show, the s&p will finish the year at the same level that it is right now. actually, that was a bit lower when he said that. stay tuned. we needed 30 new hires for our call center. i'm spending too much time hiring and not enough time in my kitchen. [ female announcer ] need to hire fast? go to ziprecruiter.com and post your job to over 30 of the web's leading job boards with a single click; then simply select the

. >> not the sme

liquidity squeeze for banks and hence i would expect another -- which is conditioned on credits so smes. >> is it your interpretation that the bundesbank has given him room to maneuver here? my sense is germans are unhappy with where we are on interest rates already. today we come into the meeting with export numbers that are twice the market expectation. this is not the backdrop for stimulus that germany needs. >> this kind of interest rate policy is not adequate for germany. what we also observed was that he was to a certain extent agreeing to what he's supposed to do. at least an interest rate cut is an ordinary means to find the quite low inflation which we see in the euro area. it's not abs purchases or something like that, which is adequate to tackle that issue. nevertheless, lower interest rate for germany would not necessarily mean higher consumption in germany because there are so many targets, saving for their retirement, which germany probably cannot fulfill its role. if you lower interest rates in germany, maybe this means higher savings and not consumption. >> one of the bi

and actually, the cost of loans to smes apparently falling in the second quarter of the year, too. far as numbers are concerned, but they're suggesting that there's an improvement in credit availability and that will improve further in the third quarter of this year. >>> meantime, european markets are on the defensive. we're following some stock-specific stories involving alstom, siemens, of course, and bnp paribas, but the broader sentiment is quite negative after the pmi data really seemed to be fairly underwhelming for france, and on the services side for germany as well. and of course, the broader overlay is we continue to watch what happens with the price of oil and the conflict in iraq, and that, again, is keeping sentiment in check. >> some of the stories as far as bond markets are concerned. a slight big tone to the bond markets. you've got the spanish ten-year yields taking around three basis points, so trading around that 2.72 level right now. u.s. treasury, of course. plenty of data coming up this week to watch, including the pce inflation data. right now the ten-year in

what will be che aof t sme >> weakin a look at the radar and just about all the av of philadelphia.there is a flood advisory until 6:30. the heavy downpours and we start to see slightning as well. ♪ ♪ turn around ♪ every now and then i get a little bit hungry ♪ ♪ and there's nothing really good around ♪ ♪ turn around e and fiber so my wife nwon't give me any more flack ♪ ♪ i finally found the right snack ♪ ♪ minutecod fore ar insurance. mmmhmmm...everybody knows that. s a read s your word is...cow. cow. cow. c...o...w... ...e...i...e...i...o. [buzzer] dangnabbit. fifteen minutes could save you...well, you know. . >> >> first alert weather radar showing the rain moving through right now. we will get the latest from glenn "hurricane" schwartz in two minutes. >> we learned dot will delay a major project at the start tonight because of the weather. workers will rebuild and widen i-95 northbound from girard to allegheny. the work is set to start tomorrow. it is the second largest project ever on i-95 in philadelphia. >> a criminal complaint shows the truck driver charged in the deadly ac

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