our markets are at the moment, lisa, but our european markets are slightly higher across the board. the nonfarm payroll data was better than anticipated and it's a big week here with regard to some of the big, anticipated data not just out of europe, but stateside there's pretty important data, as well. speaking of stateside, good morning, nicole. >> good morning, louisa. it's 4:00 in the morning. we are expecting markets to open lower across the board right now after flirting with some big market milestones yesterday. the dow closed just a little bit away from the 11,000 mark. and bonds traded above 4%. dow futures are down about 23 below fair value at this hour. nasdaq futures down about 7. and s&p 500 futures down about 3. >> thank you so much, nicole. joining us now for our next hour or so is anagis nakaphor. as you can see, a lot of positive data emerging over the past week or so. markets in asia have been doing very well and markets in general. do you think investors are too optimistic given the circumstances? >> i don't think we are too optimistic yet. i think at some stage, we might want to see that as contrarian investors, one should mind us and get out of the market. right now, i think the momentum is in favor of further raise, i.e., equities. >> i was looking at your research notes, one from a week ago and one from today. i was noticing you were more bearish a week ago than you are today. what changed? >> you caught me there, lisa. i can see that my shift in tone for a person who is sort of following it on a discontinuous basis like you have been. but the point is, last week we were quite concerned about the potential for a further steady rise in the treasury yield if the u.s. data continued to surprise on the strong side. but what we gathered was there was little failure because china was trying to send a message to the u.s. about its effectiveness in influencing treasury yields. but now that the u.s. treasury has agreed to postpone the report, i think the big tone into the treasury auctions will come back. therefore, we feel that the treshy yields at 4% are now attractive. >> so you think it was purely political? because some out there say, look, there is a weakening demand for u.s. treasuries because of their sovereign debt level. >> there's room for trepidation. we feel yes, sovereign debt is a concern. but ahead of the u.s., there are other countries that are even bigger concerns. you could name japan, the uk, etcetera. weflt, therefore, the u.s. treasury at 4% is attractive to balance key assets with safe haven assets, as well. we have a lot to talk about over the next hour, that was anantha nageswaran with julius baer. now to london. >> saxo bank is back to a slow start as we begin this second quarter of the year. joining us now is the ceo. las, good morning. >> good morning. >> talk to us about how you see things before we talk directly about sackso. >> from our point of view, we see a positive feeling around the whole developments. early 2009, there was a lot of risk adversity. that has changed for the better during 2009 and seems to be a very good start into 2010. so i think people's willingness to return to the market is returning and has been picking up since the low point in the start of last year. >> you're best known for your sackso trader platform. i did note here, last month, i think it was, that you've launched the new equity platform, as well. equities have had such a rally heading into this past quarter. it was a strong quarter for most markets. with this trading platform, where are you hoping to direct your attention now? the obvious should be equities, but surely not a way from the old and tried model that we know sackso to be lengthening in currencies. >> well, it's part of a general process of broadening our offer to a wider range of investors. clearly, our core business for many years has been in the fx business, but also to some extent in the contracts for differences on equities. so the new platform which we launched which we think has a lot of strong political elements is part of us widening out a little bit, but at the same time, i think this equity platform is different in that it actually offers people a lot of help if they want to hedge, if they want to go both ways in the market. so it's not particularly reliant on a bull market as many equity platforms are. but in general, we're trying to reach out a little broader to investors, also supporting them in wealth management. we recently launched a property initiative. we think at the moment, people are looking for new opportunities. we're looking for the kind of transparency and self-participation that online platforms give. so we think the time is right to invest in a bigger geographical footprint and also in broadening these services to a wider audience. >> you say in a press release that you underline, you don't have any engagement in traditional activities, but you have joined the danish statesmen guarantee scheme in response to all the news that we've had out of greece. how worried are you that there will be more sovereign debt defaults that will make the headlines heading into this new era of sovereign debt focus and that impact that that will have on the banks? >> well, i think we joined the guarantee scheme in '08 together with all the other danish banks. but i think there's potentially a lot of bad news to come out of the sovereign debt market. clearly, there's going to be a price to pay for the increase of the inketedness part of the equation. you're beginning to see some deleveraging in the private space, which is good, but it's kind of just transferring the high debt levels to public debt. clearly, that's going to be a continued worry for investors. i think greece is the most obvious example right now, but there's a number of other places where you have to be very concerned, i think. >> thank you for joining us, lars christiansen. >> let's get you some big stories we're following from around the world for you today. massey energy says 25 workers have been killed in a coal mine explosion in west virginia, the worst u.s. mine disaster since 1984. 24 people are unaccounted for. the blast happened on monday afternoon at the upper big branch mine, about 30 miles south of charleston. the mine has a history of violations for not properly ventilating highly combustible methane gas. shares fell about 5% in after hours trading. an aid to senator max baucus now says that the committee chair will be watching china closely in the next couple of weeks. on saturday, baucus is concerned that the decision repeats the same failed approach to u.s.-china economic policy, lou. >> cnbc and continental research have just released a poll of business leaders. it asked which of the following economic policies they believe the next government should pursue to tackle the uk deficit. cutting spending and dealing with the deficit immediately after the election or wait until after the economy is stabilized and then act? most respondents, they believe cutting spending and reducing the deficit after the election is the top priority. the survey asked which leader respondents believe have the best understanding and promote ing the interests of great britain and most supported david cameron. >> the reserve bank of australia instituted its fifth hike since october. it's a 14-month high. and the rba says there's more of that to come. >> it's painful and uncomfortable that with a strengthening economy, unfortunately, we see rates moving to more normal levels. >> the central bank indicated that the average or normal rates would fall somewhere in the range of 4.25% to 4.75%. the australian dollar climbed on the back of the rate hike right now. u.s. treasury secretary timothy geithner started his visit to that country india. he met with the treasury secretary earlier. he ames to beef up an economic relationship with india which is often overshadowed by washington's trade with china. louisa. >> coming up here on "worldwide exchange," today, the uk gets a tax hike for top earners. find out how it compares to top hits of other countries. $$$$ welcome back to the program, everybody. this is "worldwide exchange." you're looking at a live shot of our building. this is actually number 10 downing street where we are waiting for an announcement later on today, probably from the prime minister, mr. gordon brown, about an election date which is to be set in the uk for the general election. he's currently in a cabinet meeting, i'm being told, and he will then make its way to buckingham palace to ask the queen to dissolve parliament. election day is widely expected to be the 6th of may, so one month away from now, nicole. >> it's a fairly quiet day for economic data in the united states. but there's one notable report. the minutes of the last month's fed meeting will be released at 2:00 p.m. new york time. in a statement, the fed said it would continue to keep rates low for an extended period. tom hoenig voted against the policy action. charles evans speaks at a risk management conference in chicago at 10:00 in the morning and at 1:00 p.m., minneapolis fed president mayor anna kocherlakota is in machine machine to talk about economic recovery. >> nicole, we need to glance at the fixed income markets. here in europe, a lot of focus on the new bond issuance coming out of greece. 3.16%. we're looking closer at the whole greek aid package story because there is some rumbling coming out of greece, as well, that they might not want the imf to get as involved as what is previously upon by the european finance ministers back last month because of some rules being put on the type of aid that they're getting via the imf if it were to come to that. lisa, let's talk about the currency markets, too. >> let's get a view of how the forex markets are doing at the moment. we've got dollar/yen right now, big moves there with the dollar down against the japanese yen by 0.4%. a bit of a turn around because the greenback has been appreciating against the japanese currency. there's euro/dollar at 1.3411. sterling/dollar, 1.5175. euro/sterling, there at the bottom of your screen. nicole. >> let's continue this conversation with nick hastings at dow jones news wires. nick, what is moving the dollar? is it being more broadly driven in your opinion by the anticipation of rate hikes or sovereign debt? >> well, i think there are a couple of things. certainly, the whole rate hike issue is becoming a increasingly real driver of the market. a lot of people are now looking to see will those fomc minutes prove more hawkish? especially after. if you look at the data we've been getting out of the u.s. the last few days, the ism surveys we had for the manufacturing as well as the nonmanufacturing sectors as well as the nonfarm payrolls last friday all suggest here that basically the u.s. probably can sound more hawkish at this stage, give a little bit more direction to the markets in terms of when they're going to exit their ultra easy monetary policy. that should be dollar positive where in an atmosphere where the markets are going to be driven by interest rates. but having said that, there are always things like the unknown. the fact is, once again, we thought we had a rescue package more or less in place with the european union doing some, the imf contributing some and greece perhaps is now headed to resolving its debt issues. but now this seems to be back up in the air with greece suggesting hey, it doesn't want to get too involved in the international monetary fund. that's a simple reason for that. when you borrow money from the imf, it comes with big conditionality. in other words, nasty policies l to be adopted if it wants to get that money from the imf. greece is saying, well, we don't want to have those nasty policies. we don't want those austerity measures. so this actually throws the whole thing back up in the air. that is apart from the other stories swirling around. >> nick, hi. it's lisa over in singapore. i want to pick up on what you just said about yield differentials. we have the rba hiking over here in aus twral ya today. if yield differentials are back, do you think the trend of stronger currencies is going to tb at least for the rest of this year? >> certainly as long as the outlook remains strong with those economies and certainly if we look at something like australia, which as you know, this is not the first time they've hiked rates on and they're likely to continue. i think this in i was bolsters the whole issue. yes, at the moment, there are times when it does look as if that is back in the driving seat. but you know, there are other times when it gets shopped back into the back seat and it's not driving the markets after all. >> nick, we're just putting up flashes on what we're hearing from the wires with fwiet ner in india. we're also seeing that the german bond spread is wider with the cdf rising, too. >> people are worried about greek debt, once again been we thought this was an issue that was on its way to being resolved. basically greece said well, maybe it's not quite so quick. >> is it priced into the euro all right? >> yes, in the sense that we were going to be resolving this issue. now things have simply reversed. we did have a period there where the euro was better, greece seemed to be boiling up, declining down the agenda. now it's right back on top. >> nick, thank you very much for your time today. we need to get a check in on our markets, the markets that are trading at the moment, kicking off with anna edwards in london. while this is going on, while we're revisiting this greece story, markets are still trading higher. >> yeah, absolutely. they seem to be unphased by all of this at the moment. we are up by 0.6% on the ftse side. we have admiral up by 3.9%. atrafax is moving higher. petrofac has led to a demerger of part of their company to enquest. demerging of the uk continental shelf upstream assets is the reason for this particular move. wilbur ross, the billionaire u.s. investor put in 100 million pounds to the company. annette ya. thank you very much. the main drag is our typical companies. let's have a look at the biggest gainer, infineon. it's increasing its target price. it's only trading at 5 euro 30. and it's up by more than 2%. the biggest story, though, today is the daimler story, the tie up of renault, we'll see that tomorrow coming up as more and more rumors are circulating that they will announce how their corporation could work and should work. the market anyway has priced out as we have a speculation on the last week. so we are seeing daimler up by 0.5%. let's have a look at the french perspective on that story. stephane. >> thank you very much, annette ya. with the same story, renault is still one of the top gainers of the cac 40 as the company is expected to make today's decision on its partnership with daimler. we are expecting a 3% capital tie up according to a figure in the thoorp. renault declined to comment on the reports and didn't want to confirm that the board meeting will take place later today to discuss the issue. renault would bring its expertise with small vehicles. daimler, in exchange, would bring its technology for large engines and would give renault its access to the luxury car segment. it's something that renault never managed on its own. the stock is up more than 3%. on the downside, michelin, the worst he decliner again, extending a 6% decline on some concerns that the company won't be able to reflect the increasing price of raw material, including rubber, so its selling prices. it's an ongoing concerned. michelin is down 2.5%. coming up here on "worldwide exchange," the construction pmi data is due after the break. >> reporter: and finally, after years of waiting, it's going to happen today. gordon brown, the british prime minister will go to buckingham palace and talk about dissolving the parliament. the key to cnbc's poll suggests the british president has rejected key planks ooh labor's policy. sfwliek to the show. in asia, u.s. treasury secretary geithner says the u.s. and india must work together on rebalancing global growth. >> in europe, the british prime minister prepares to call an election for may the 6th after polls show business leaders overwhelmingly favor the opposition conservative party. >> and in the i'd, the dow is just a stone's throw away from crossing the 11,000 mark for the first time since september '08. >> hello, everybody. you are watching "worldwide exchange" brought to you from europe, the u.s., as well, and asia. our european markets opened higher for around 0.5% for these european markets. we're relatively flattish at the moment. there are worries lingering about greece. you heard our forex guest talking about that, the greek announcing that they're going to launch a bond in the u.s. and there are now doubts on whether or not they want the imf as involved as what was previously hammered out from within the european ministers with regard to the greek aids pam, as well. it seems like we've been off to a pretty good start this morning. we've had this rally over the past couple of sessions that we haven't seen for a very long time. oil hitting new multi month highs and we've got bond yield continuing to be pushed higher, too. lisa, hello to you again in asia. >> hello there, louisa. the optimism over here on this side of the world absolutely intact after trade today. we've got the nikkei slightly in the right. today we've got a little bit of a technical pullback on the nikkei. other markets, though, doing quite well. there's the shanghai composite. the taiwan weighted continuing to do well. commodities still very much in favor. lisa, over to you. >> higher than anticipated uk construction pmi today. it's the highest we've seen for two years. construction seemingly well on its way to recovery when you are looking at this particular set of data. let's talk to paul marli. is that how you would read these figures, as well? clearly a better figure for march. >> clearly a bounceback from february. maybe a little to do with the weather. >> we have had positive data not just out of the uk, but stateside, as well. either it goes one way or another. >> it does seem that way. we have seen, as we saw the payrolls last week and the nonmanufacturing ism, the strength that was originally in manufacturing seems to be spreading in the uk particularly, but also elsewhere to the nonmanufacturing sector. and i thought the interesting things about the payrolls was when you look at the household survey, recommend, the payrolls number only capture increases in employment of companies employing over 1,000 workers. the household survey was stronger than the payrolls, which suggests that the crucial small business sector may be hiring. this is the third month in a row we've seen strong sector numbers. things are definitely looking better in the u.s. >> we're expecting to hear prime minister gordon brown expect an announcement as early as may 6th. do you think this makes a difference to business and business optimism, as well, whether or not they put projects in place ahead of what could be a hung parliament? >> i think people will want to see what the result of the election is. it's very good to get this thing announced today and get this open as quickly as possible. then it will be good to see what policies they put in place. i think the electricat doesn't want to hear very bad news, and so the parties aren't giving them the top story. i think after the election, whoever wins, things are going to get tougher than people now imagine they're going to be. >> paul, hi. it's lisa in singapore. in australia today, we have rates hiked by 25 basis points. could that be interpreted as an example of liquidity being withdrawn by the economy is doing okay? >> australia is in a hugely different position than the uk. australia has the smallest amount of capacity its ever had since coming out of reseg. so the fact that they're hiking really means nothing for the u.s. and europe. much, much larger stocks of unemployed workers than australia does. i think it will be well into next year before the u.s. gets around to hiking and the ecb, also. what we see in those two economies is a very disht trajectory for core inflation from what we're seeing in asia. asia, inflation is picking up. in europe and the u.s., core inflation is heading down. so i think the real danger for the fed and the ecb is they end up with unwelcomed disinflation rather than inflation. so rate hikes are off the agenda certainly for this year. >> deflation? it sounds very japanese. >> i was nodding my head for what he said about the core inflation rate heading down in the u.s. and the uk as opposed to australia and asia. that is exactly what i was alluding to in my conversation with you earlier. the u.s. treasury the 4% does not signal a return to inflation in the u.s., does not signal strong economic data. in fact, as he pointed out, the stock in workers is very high. people have been without jobs for more than six months. therefore, i believe that we have a completely different cycle here and the developed country toes be a source of liquidity. at the same time, the bond market in the u.s., which has sold off recently, presents itself as an interesting opportunity. >> is deflation a potential problem for the u.s.? >> i don't think so. i think not at the moment. if the economic momentum tapers off quite badly in the second half, then we could be looking at deflation in 2011. with you right now, i don't see it as an imminent threat. >> paul, you think the fed is turning a blind eye to deflation. >> absolutely. if you look at the market basemaker of the consumer expenditure deflator, which is really what the fed can influence, it strips out owner-occupied rent, for example. then we see over the last six months, that has increased over 3 percentage points, and that is below the rate we saw back in 2003 when mr. bernanke was famously talking about unwelcome disinflation. and i think the fed and the ecb at the moment have their eye off the ball. there is so much spare capacity, wages are low, productivity is picking up, inflation is not an issue. the real problem will be if that disinflation becomes incorporated into expectations. >> paul, thank you for being with us. now, today in the uk, something special happens. the 50% tax rate kicks in for top earners. it's not necessarily good news. anna edwards joins us on set again for more. anna, this is going to change the way people see the uk. >> it could do. it's only 10 percentage points higher than 40%, which is where the previous tax was. it could have psychological implications. some 300,000 people are thought to be about to be affected by this tax increase. politically what's important here is this contra convenients the labor 2005 election pledge where they said we will not increase that top rate of tax. and this, of course, has interesting historical implications because it was margaret thatcher in 1979 and into the early 80s that mader her job to cut down the highest rate of income tax, which at that point stood in the high 70s. so obviously, the rates we're talking about now with 50% is a change in that, but the labor party has tried to rebrand or repaint themselves as a party that is friendly to higher earners. in terms of the rates that we're talking about in the uk, you have a basic rate of income tax which is about 56,000. a 47% rate kicks in up to 150,000, which is the new threshold we're talking about. that equates to around 25,000 u.s. dollars. affecting around 300,000 people. will they choose to change their behavior or leave the uk? we'll wait and see. >> and the timing of this is hugely important, thank you, as well. the tax hike is coming on a day when they're ready to do that. ross, the question is whether this many affect the way people choose to vote in a month's time. >> tax, louisa, will be an important part of this campaign. we've already seen it in the polls. gordon brown is going to go to buckingham palace this morning ask asking to dissolve parliament. we've already seen it, the -- this time next year, labor government is planning to increase national insurance for both employers and employees by 1%. conservatives have come out and said, we will do our best to reduce that on most of that tax rise. since they've announced that policy, they've gone up in the polls. the latest poll had them 10 points clearer over labor this morning. we had a poll over the weekend that put them 8 points ahead. it does contrast this morning, and it's a clearer message on taxation, which has seemed to have got the conservatives higher in the polls. when we talked about inheritance tax, that gave them the lead when we thought we were going to have an election two years ago. tax res very important. and it's interesting to know in our approximately this morning, we've been running a cnbc poll in the uk, the very last tax they would like to see is national insurance and 8% of those say they want to have that. 35% or more would be happy to see corporation insurance go up before the other. the gordon brown government very much saying that they want to delay dealing with the deficit. the conservatives, of course, come out and say you have to come out and cut spending straightaway. you have to get to gives with this problem almost immediately. ross, just looking up some of the top personal tax rates in global financial centers, they tell us the uk is now at 50% as we've been talking about is your top income earner. the u.s. in comparison has 7%. i guess you have to question now how the uk fits in with its global partners out there and whether or not we're going to see more entrepreneurs going east. >> well, it's a big problem. it's a messaging, i think, that we need to get right to incident every national business. is the uk a place where you want to come and invest? is the uk a place where you want to come and set up businesses? on the one hand, you need lower corporation tax. businesses can plan if 24e79 what the environment is. that's what we need, clear messaging that we're going to be stable and we can try and reduce the taxation policy. that will be one of the key defining aspects of this campaign. >> ross, hang on for a second. you can hear the helicopters above you. they're not looking down ow, i'm sure they're doing that, as well, but what they are doing is they're keeping a close eye on downing street, of course. prime minister brown is set to leave where he has been in the cabinet this morning. he will set the election date for may the 6th, which is the widely anticipated date, which means we have a month to gear up for that. it would be the most significant election since labor came to power 13 years ago and is said to be hot to trot due to, obviously, the financial crisis and these tax issues that ross has been running us through. we will have more on that in just a moment's time, lisa. >> coming up after this on "worldwide exchange," u.s. treasury secretary timothy geithner is in new delhi today to strengthen the partnership between the two countries. but will china overshadow the talks? first, here is a look at how the indian rupee is trading at the moment. welcome back to "worldwide exchange." it is 4:46 in singapore and hong kong. here is a live shot at the hot congress skyline. sunny with a little haze. the markets over there were closed for a holiday. reema tan due car joins us now for a update. just to clarify, the board we put up before was for the rupiah, not the rupee. lisa, the markets put on a lot of weight. today it's been status quo, so it's been volatile. currently, it's the nifty up about 8 points. the sensex is up by about 50 points. the broader markets are doing better in trade. both the small cap and midcap index are showing gains of 0.7% to 0.8%. it's in favor of the gaining side. sectorally, if you have to break it up, it's the auto space and i.t. seeing some amounts of selling pressure. today, for the longest time, it was around the 45/50 mark. to the dollar, that's about an 18-month high. that's causing pressure on most of these i.t. companies. a couple of cases in point includes cl tech and wipro. these are the ones that have a maximum exposure to foreign exchange. wipro is down in trade. apart from that, the entire auto space is coming in for a bit of profit taking. we have rot, tata motors, bajaj auto motors gaining. its commission, it's adding on to the gains that we've seen in yesterday's trade. some of the other front liners, which is looking good include reliance communication, tata steel, all of them are putting on gains of about 1%. on the whole, it's been a flatter session for the markets. back to you. >> thank you so much for covering the markets for us. moving on, as reema just mentioned, geithner is on his maiden trip to india. how important is his visit? we're joined now by mirie gill and thank you to both of you for joining us today. manpri, this visit to india by geithner, is it significant just in terms of -- sorry, i'm losing my train of thought. how significant is it in terms of real significance for the market? does it matter to investors or is it simply to improve relations with india? >> it wouldn't matter to investors, you know, at the moment where we've waited to get into some sort of complete agreement or some sort of complete investment. but i think the way i see it right now is that there's really one step in a very long process where, you know, many officials, including the secretary himself has been in business relgs opening up for great investment. and i think, you know, i see this as sort of one part of a longer process. so maybe not immediate, sort of investments come right out of this, but it's a significant event. and it could lead to other opportunities down the line. my preference would be equity expect under specific sectors, but maybe more the currency itself. so me, the indian currency is what i like for its own right. but i think in addition to that, which means a good prerequisite for surrounding this idea, i think they've posted sentiment. if things work in the future, capital inflows are the first step before that capital shows other sectors. i think that's logically the right way to begin at this point in time. >> what issor investment advice when it comes to looking at these notes, you're embracing risk, but hedging your best somewhat. >> yes. we basically think that the most likely outcome for the global economy, even today, is that we will end up in a moderate recovery. there's reason to believe equities have a long way to go. they're trading far below the long-term valuations. we think the right thing to do is be invested, long risk. but we're just mindful of the fact that, you know, the down side risk is not insignificant and obviously, disproportionately large. so our preference is to have insurance on the site. whether it be long volatility position or to have some high government bond. we think that's the right route. >> ben, looking at your notes, you say chasing gains in the markets right now is like putting pennies in front of steamrollers and trying to get them out in time. what do you mean b by that? >> if you're trying to make small returns for the stock market, cliel there is bigger trying to come from the stop market, you could have bigger gains. and we should have insurance or being long in treasuries or having gold because of all the currency tension between nations. so you'd need to have a portfolio benefiting from the rise of asia, at the same time ensuring against risks in the wto in the sovereign sector or in the exchange rate space. >> manpri, it's louisa in london. to me, it seems like the geithner visit must be about ensuring that india opens up its capital markets to countries outside of india, because it still is pretty difficult for many businesses to do business in india. the banking system is still closed. >> absolutely. opening up investment has been on the market for quite some time. i think that's another area where authorities agree on the issues. they still believe a more gradual base makes more sense for the industry as well as to help industry meet the social gains. again, i don't see any reason why a lot of that would change at this point in time. >> thank you so much, manpri gill and still joining us today is our guest host, anagtha. special thank you to both of you. let's get over to saijal now and find out what's happening with markets in other parts of the world. >> hey, lisa. we had asian stocks hit about a three-month high and also the thinking that tensions between china and the u.s. over the yuan seems to be settling a bit, as well. the nikkei 225 fall about 0.5% after hitting an 18-month time. mainly as we saw the yen change direction, today, pretty much stronger across the board against the major crosses. and you saw some short covering. that impacted a lot of the exporter stocks. speaking of exporters, i want to mention nissan. this was in focus after managing to buck the trend after fining out renault as well as daimler could be announcing a partnership across share holding plat where nissan and daimler would take about a 3% stake in each other. meantime, toyota facing a $16.4 million fine by u.s. regulators. >> the story just keeps going and going. thank you so much, saijal patel. >> so if you want to leave our viewer investors with one final thought, what would it be? >> i think the u.s. treasury at current levels is attractive. i think as we get into the secretary second half of the year, they should foep focus on whether the global goods market continues to move forward. as time moves on, i think we should focus at take some key assets for the table. be risky assets. >> what kind of valuation do you think we'll get? i think 3%. >> thank you so much. just to keep you up to date with what's going on here in the uk, it is a big day in london. you're looking at live pictures of number 10 downing street. this is where he's having a cabinet meeting. what's expected is that he will come out of downing extreme, he will make hs way to buckingham palace to ask the queen to dissolve parliament, which would be done next monday. this is downing street that you're looking at, obviously. he'll have the queen to dissolve parliament. once an election has been called, he'll decide which date this will be set for. the election date is widely expected to be may 6th. once that has been done, he will start a great about it britain tour to meet with us little people. >> we will be watching, no doubt. the dow is quickly nearing 11,000. are people actually set brating? and here again, here he is, the "worldwide exchange" rally tortoise. what should he or she, for that matter, be called? we'll share some of the names that you have suggested. just outside income 10 downing street, he will make his way to the palace to ask the queen to dissolve parliament ahead of a general election. ross, we're just seeing gordon brown just driving away from number 10 downing street right now. it's expected he will head to the queen's place to buckingham palace and ask her to dissolve parliament. this is coming on a day which is very controversial for top earnerers in the uk with a 50% tax break now coming into effect. a lot happening here a month away from what could be a very controversial election, ross. >> yes. finalry, the starting gun will be fired on this in just a few minutes. gordon brown will head left and it's a journey that shouldn't take more than a couple of minutes. we've been waiting for this election for a long time. mr. brown had a bit of a wobble, so h