Jeff bezos is within spitting distance of becoming the richest person in the world. The dow is down by about 20 points below fair value after six sessions in a row of gains. The nasdaq is down by 2. 5. Overnight in asia, well see that the nikkei was down by 0. 6 . Hang seng was flat. As was the shanghai. In europe and early trading this morning, as things get started, most of the markets are weaker. The dax is down by almost a half percent. Cac down by three quarters of a percent. Ftse up by 0. 1 . Markets in italy and spain are weaker. Crude prices are higher after dropping by 5 in yesterdays trading session. Analysts say that extension of opecs production cuts where they agreed to make the extension was already priced in the market was looking for cuts to last longer than nine months or deeper cuts. Neither of those things happened. This morning wti back up by 25 cents. It is below 50 a barrel. A couple big stories were watching. Jim bullard speaking in tokyo overnight and said the p
Earnings. T half net we spoke about the outlook for gulf finance. Six percent to 8 , we dont see changes from those levels. As you know, qnb is a diversified institution. Our diversification is really working to overcome any crisis. Yousef last time we spoke, you were very bullish when it came to your expansion in april in asia and africa. Was this an additional incentive to be more aggressive, to push harder into those markets . Toour 2020 strategy is become a top player among middle east and South East Asia and africa. Change in the strategy going for. To recap, the strategy is built around two pillars, net organic growth and levying the network. Net organic growth, we are very fortunate. Were not looking for acquisitions as we speak but we are very opportunistic. Leverage ofillar, the existing network, we will take spending in the existing fashion. In an organic we have branches opening in kuwait. And of this month, we will be establishing our business as a fullfledged branch in ind
They soared 7 . We spoke about the outlook for gulf finance. We dont have a plan for the end of the year from 6 to 8 , we dont see changes from those levels. As you know, qnb is a very well diversified institution. We have businesses in third world countries. Our diversification is really working to overcome any crisis. Yousef last time we spoke, you were very bullish when it came to your expansion in asia and africa. Was the gulf crisis an additional incentive for you to be more aggressive, to push harder into those markets . Our 2020 strategy is to become a top player among middle east, africa, and southeast asia. We do not see any change in that strategy Going Forward. To recap, the strategy is built around two pillars, net organic growth and levying the network. As well as levering the network. Net organic growth, we are very fortunate. Were not looking for acquisitions as we speak but we are very opportunistic. In terms of the second pillar, which is levering leveraging the existi
They used to force companies to buy stock. Now its prohibited. Earlier in the week when we did 300 i messaged you and said, this is definitely it. We have to call the top here, definitely. This has got to be it. They keep going. Another 142. Hope springs eternal. 19756. What is interesting is that, you know, things havent even been done. So we dont know whether deregulation and cutting taxes and progrowth supplies, we dont know whether they are going to put them in. But there was a question recently about whether those things even work. So now were seeing this, we dont know if they are going to do it, but just the possibility we might do them is worth 2,000 points on the dow. And dont you think every single cabinet member he names leads you to the conclusion that it is going to happen. Its got to be the most probusiness cabinet since ronald reagan. I had a great talk with al gore. It was interesting, it was nice, we got along really well. And he picks the Oklahoma Attorney and its been
Welcome to squawk on the street. We wake up another tweeter bomb. A big week with a fed decision. The fed near 20k. Europe is mixed. 10year 2 1 2. Oil up on the nonopec oil production. The road map with the negotiation of the president elect and an american company. Donald trump calling out the cost of the f35. Defense stocks are dropping in the premarket. Timing, another Company Trump has in the cites, boeing, a deal for 80 jets. The buyer iran. And the markets making new records. Oil prizes, as well ahead of the fed meeting which, of course, is wednesday. David with breaking news. We do. On a potential deal that will not happen. And that is involving viacom and cbs. Right now, the National Amusements, shareholder of both companies, led by Sherri Redstone and wanted to them to engage in talks designed to see whether they could come to a combination has withdrawal that proposal of viacom and cbs engage in the discussions. Reversing course in a sense and backing the new ceo at viacom an