Their homework and they sense that they can write out a price war much better than the very over leveraged you know 50000000000. 00. Budget constraint to saudi arabia that needs 83. 00 a barrel of oil in order to balance its budgets as well as fund its longer term visions of getting off of oil and expanding its economy under the vision of mohamed bin solomon so its really people have to look at this as a sense of it these are not just necessarily coincidences in my point of view because the ruble was strengthening last year russia has been on a d. Dollarization platform in order to diversify away from dollar reliance in part to fight sanctions thrown against it as well as its partners but also to strengthen its own ambitions to have its currency the currency of its allies really rival if not travel. Its the 47 year old petro Dollar Standard which is the effective monopoly globally with regard to oil or gas pricing so theres a lot of you know its a game of chicken really behind the scen
[ applause [ applause ] mr. Prime minister, we have a stand alone crowd. Theyre also out in the lobby, we got live streams in the lobby. I think there is a lot of interests in hearing what you have to say. Good morning everyone, happy new year, i am frederick kempe, i am delighted that you can join us this year. I am honored to welcome our mr. Prime minister a warm welcome, thank you to coming to Atlantic Council. We are delighted you start with our meeting here before you meet President Trump at the white house. After you met with our International Advisory board in september on the sideline of the u. N. General assembly. The Prime Minister joins us this morning as part of the future initiatives. In the series, we welcome head of state and ministers to discuss challenges facing the Trans Atlantic Community and opportunities for deep enga engageme engagement. Promoting leadership and strategy with shape and secure a strong atlantic alliance. It is sometimes considered an american organ
[ applause ] members of the cabinet and legislature, distinguished guests and most them rightly, fellow citizens of wisconsin. It is an honor to come before you this afternoon to report on the state of our great state. Before we start, i want to recognize the first lady of wisconsin, my wife and our two sons, matt and alex. [ applause ] last year as you might remember, my wife joined me at this podium to talk about her groundbreaking work called fostering futures. She and her team continue their efforts regarding tribal council, county governments, nonprofits, colleges and universities and employers across wisconsin. Our state agencies have been trained how to incorporate trauma informed care. She brought together a group of for spouses and staff to wisconsin to talk about this work and she went to washington to get the federal government more involved in syria. I want to thank you for your leadership, jeanette, leadership that will change the lives of children, adults and families acr
The cabinet and legislature, distinguished guests and most them rightly, fellow citizens of wisconsin. It is an honor to come before you this afternoon to report on the state of our great state. Before we start, i want to recognize the first lady of wisconsin, my wife and our two sons, matt and alex. [ applause ] last year as you might remember, my wife joined me at this podium to talk about her groundbreaking work called fostering futures. She and her team continue their efforts regarding tribal council, county governments, nonprofits, colleges and universities and employers across wisconsin. Our state agencies have been trained how to incorporate trauma informed care. She brought together a group of for spouses and staff to wisconsin to talk about this work and she went to washington to get the federal government more involved in syria. I want to thank you for your leadership, jeanette, leadership that will change the lives of children, adults and families across wisconsin. [ applaus
look for as well as how to it. good morning. thanks so much for joining us on this sunday, january theres a live look at the flats in cleveland. weve been showing you a lot of the hopefully youve had time over the holidays to go visit. now winter is hitting. thats the headline this what a difference a day makes. thanks for being with us. we want to get you caught up on changes were betsy kling is here. we have Team Coverage. weve been looking forward to this day maybe not looking forward to it so the day that winter make as return with a vengeance in the area. as you can see on the big picture, theres the its moving east. olga has an update on your temperatures right now. moisture moving n. Mainly the ing up from the south. this is the back side of the low pressure system. things are moves up, were going to usher in all of this colder air. yes, its going to drop down we have steady showers in a few hours, mainly along the north and the west. again, this will be mperatures will be calm