brother, the saudi ambassador to the us, to silence jamal khashoggi as soon as possible. asked about it yesterday donald trump said only i don t want to talk about it, you have to ask them. there have been some repercussions. france imposed sanctions on 18 saudi nationals in connection with the case. the same individuals targeted by the us, the uk and germany but yesterday donald trump continued to make it clear he was not considering sanctions on saudi arabia. not at all. saudi arabia has been a longtime strategic partner, they are investing hundreds of billions of dollars in our country. it works both ways and saudi arabia is heavily reliant on the us. i sure you without the united states their planes don t fly, their tanks don t drive, the ships don t sail effectively, they need us far more than we need them. reporter: prince mohammed bin selman flies to argentina for the g 20 summit and he will meet
wouldn t destroy the economy of our country and that s a quote over khashoggi by giving up arms deals to saudi arabia. the question is what message does this put out there on the world stage? does it send a message that the united states is willing to put economic interests above the country s morals? if we go down that path that s exactly the message it will send. autocratic regimes will get that message loud and clear but i want to clear up. this idea that we re almost on the weak side of this and that we need saudi arabia. it is the exact opposite. i assure you without the united states their planes don t fly, their tanks don t drive or ships don t sail effectively. they need us far more than we need them. they can t say we ll go and buy $20 billion from china or somebody else. their systems don t cooperate. they don t work that way. they need us a lot more and we can send a signal that we do not accept that kind of behavior. if they want to be our allies
sequestration process, jamie. jamie: what is the possible outcome that you feel is so dangerous, what s the worst case scenario? you know, soldiers will understand this. probably the most delicate, difficult thing you can maintain in the military is a training edge. if soldiers don t train, if pilots don t fly, ships don t sail every day, then they fall off, the efficiency falloff curve is very, very steep. and you go a year without training small units or flying aircraft, then all of that great experience that our soldiers, sailors, airmen, marines, have earned over the last ten years will literally dissipate. not in years, but in months and weeks, so if we cut training and if our soldiers begin to leave the ranks and vote with their feet and our units begin to fall pay part because the soldiers are not being trained and not allowed to exercise in the field, the
couldn t hear them because they were sailing without the engine on. the animal also appeared unhurt, escaping with what they call a mere scratch and my question is how did they eventually get the whale off their boat? look at that massive thing there. now you know why i don t sail. thanks, lisa. thanks very much. the most sweeping overhaul of the financial system since the great depression now is the law of the land. president obama signed the wall street reform bill today. a political victory for democrats over a year in the making. regulators immediately will get new powers to liquidate big firms that threaten the entire financial system if they collapse but some big provisions are closer to a year away including new limits on hidden fees for mortgages and credit cards. it will be several years before we see new rules on the kind of risky investments big banks can make. if a large financial institution should ever fail, this reform gives us the ability to wind it down without
the thrust of it, wolf, that was all about globalization. it s not responsible for many of the ills of the world at the moment. more than that china was determined to be part of the global economy. now, that sounds like a bit of that we sort of heard before, but it has to be seen in context. as you rightly say, of a u.s. that seems to be disengaging and putting more isolationist policies on the agenda, whilest you have xi from china saying quite clearly, look, the oceans may be choppy, the winds may be severe, the seas may be stormy, but you don t sail back to harbor just because things get difficult. what xi said is to right down the barrel to donald trump. don t start a trade war. don t start protectionism. if you do start a trade war, everybody will lose.