Moving news from all around the world. Joining us from riyadh is yousef gamal eldin. Ivan levinsohn joins us from tel aviv. Oliver cook sorrow oliver is in munich. Buts start with study ready with saudi arabia. Finance with the saudi minister and asked if the recent attack had an impact on saudis numbers. Heres what he had to say. It will be a couple of days before we are back online. Alix yousef joins me now. Tell me about what you learned, and what we can expect Going Forward. The idea being that a lot of the output is being recovered is one thing, but youve got the political developments, which are what investors are going to be zeroing in on in riyadh and far beyond saudis border. The Saudi Crown Prince has been speaking with the french president , the south korean president , and deliberations are underway between the u. S. Secretary of state and the saudi authorities, as well as the united arab emirates. That thereng here is has to be a response what happened with the saudi aramc
The dax is down some 1 . A little bit of pressure on the stoxx 600, i guess a little bit of concern over the tax overhaul. There is a little bit of pressure on miners. The bloomberg dollar index again, the dollar seems to be pretty steady. I am looking at the pound because of theresa may and there could be some kind of rebellion brewing. We will get our Political Correspondent on that. We talk economics and Monetary Policy with larry hathaway. He is the head of investment solutions. Then, we discuss as it presses we discuss asset prices. Overhaul. The tax we are also just getting some breaking news out of indias central bank. It is maintaining its neutral Monetary Policy stance. I know we will get the chart of for you and i will bring you any breaking news that we have from the rbi of india. Lets get straight to the bloomberg first word news. Nejra donald trump will formally declare jerusalem to be israels capital and direct the state department to start the process of moving the Ameri
Gradual slow motion integration. When way the chinese could retaliate is going after american openings. Erik ceos talk tech at the Consumer Electronics show. This is a year of dramatic change in industry structure. We have gone from Company Consolidation to industry consolidation. Erik that is all ahead on bloomberg best. Erik hello and welcome. I am erik schatzker. This is bloomberg best. Your weekly review of Business News and television from around the world. The week began quietly with most Global Markets closed for the new years holiday. The calm was disrupted on tuesday by a donald trump tweet. Donald trump criticized the automaker General Motors for building a version of the chevy cruz in mexico, saying make it in usa or pay a big border tax. Gm was not the only company under the cross hairs. Ford motors announced it will cancel plans to build a plant in mexico. Give us an idea of how global the manufacturing apparatus is for General Motors. The compact car trump was talking abo
Mark have a look at where european equities are trading. We are 30 minutes to the end of the session. Stocks are rising for the third day. Here is the lefthand column. Germany stacks up by 1. 8 . Is gaining. The only major currency that has fallen against the dollar today is the pound. It is down by 6 10 of 1 . The euro is up by roughly 4 10 of 1 . Bonds deals are following are falling. We have the spanish 30 year low, the u. K. 10 year six basis points lower as well. And in your other column, lets have a look at some of the other big stories today. One of the stories we are focusing on, shares are unchanged. And is royal our homes dell this is the new name. It is going to plow money back into online. Its cash reserves are swelling following the merger between the belgian and the dutch retailers. They are aiming to double online sales by 2020. Free cash flows have increased to about a billion euros in 2017 from about 1. 3 billion. Fightmerged in july 2 heightened competition. Will lead
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