We continue to buy apartments. It provides really good yields to our current investors. It does not get intermediated by the internet. You still have to live somewhere, you cannot live in your computer. We just bought a hotel in West Hollywood that we will renovate. I have to do a little advertising, one south beach was voted one of the top hotels in the United States and one central park is the second best. Brooklyn was just open with 13th in new york city. Erik let me ask you a question about amazon. They are looking for a second u. S. Headquarters. Have you got a real estate solution for them . Erik they create so much demand and cities they create some much demand and cities are so excited to have them. Erik they do not build their own buildings. They have their own Distribution Centers so they cannot do everything. I think boston has a good shot at that, the technology, infrastructure, and educational base, just the zeitgeist of the city. Other places you think they may go are the
And warns of further market declines next year. And ab imbef shar bshgb ind. Good morning its thursday, ecb day, the allimportant day when were hearing about the ecbs plans for tapering we have one other central bank thats come out with a report. Not just the riksbank, but also the norges bank. I want to show you whats happening to the european markets. This is how were looking. Were probably unchanged we can bring up the heat map there you go inching slightly to the upside dominated by earnings today. Banks especially theyre the biggest faller on the sector al basis lets show you how were shaping up for the trading day these are the indices. Were pretty much all in the green, only with marginal increases to the upside. The ftse 100 up by 0. 25 the xetra dax up by 0. 2 still some caution ahead of that ecb meeting and no major positioning or risk taking in the markets. I mentioned the banks, they are underperforming. Lets get to the biggest fallers when it comes to sector basis. Banks,
Anna welcome everybody to bloomberg daybreak europe. I am anna edwards. Lets get straight to the blank breaking news. We will talk to the management of these companies. We have numbers coming in. This is the steel company, now much more diversified industrial group. They are raising their even forecast to 1. 48 billion. Raises. Sted ebit raising their profit outlook after selling their brazilian plant. Agreed to sell their brazilian steel plant, and it is making the transformation from steel to diversified groups. Around see what they do their american unit. There is the expectation they will exit the business. There is talks they will transfer the european assets. We will get an update on all of those matters when we speak to the management. Inwill talk with their cfo 45 minutes time. Lets get to other breaking news. Sticking with germany, this is the munichbased insurance company. We are getting numbers. Or solvency ratio is 212 . Euros. Lows of 21 billion operating profit is comes c
Im Francine Lacqua in london. A lot of news to get through. It is ecb. U. K. Election. We cannot talk about polling, anything to do with the various issues at play, but what we can tell you is polls open at 7 00 a. M. In the u. K. And will close at 10 00 p. M. You will have the first indication of who will be the Prime Minister of the u. K. Meantime, lets get on to data. Investors seem to be a little more at ease with some of the key events. We are not seeing huge moves. Financial markets mostly steady, investors avoiding big positions ahead of key events in europe. The u. S. And the testifying of edgingomey appeared oil higher. A nice snapshot of what we are looking at. 46. 04. Il in the u. S. At workerst to the first first word news with nejra cehic. In the u. K. , polling stations are now open for the countrys second general election in two years. 650 westminster mps will be elect did with 46. 9 Million People registered to vote. On the for our special u. K. Election 10 00 p. M. Lon
Everyone to bloomberg daybreak euro. I am anna edwards. You am matt miller joining here in berlin. An interesting day. It does not look like we have seen much move in risk assets as a result. Even though the policy announcements have been with no change. Anna we have had a lot from Central Banks. We have also heard from the Central Banks and the boj clearly on a different path at the moment at least from the the doe even from the boe. I want to talk about the equity markets. We have a great chart, the world equity capitalization near parity. 75 trillion seems to be the magic number whether youre looking at global gdp or global stock market valuations. At the bottom, we have the ratio between the two. At the highest since 2008 relative to the value of global gdp or. Not necessarily suggesting it is overvalued. It seesill lynch says global stocks as overvalued. It is a nice and simple way to look at stock market valuation. Matt fascinating chart. Let us take a look at the movements insid