The week began with the news that 11 princes had been arrested in saudi arabia for staging a sit in. The royal family members were protesting the governments decision to stop paying their electricity and water bills. Tracy alloway got reaction and more on the story. We dont know a lot of details about this. What we know from reports, as you said, they are protesting payment of utility bills. What clearly shows, it shows there is rising discontent within the ruling family after that crackdown. Obviously, there is grumbling. What happened is that, according to the reports, the king decided to take action, swift action. The report says they were sent to prison, not to the ritz. There was harsher treatment. The lack of details, the main thing it shows is that there is more discontent within the royal family. Are we going to see more of this . That is a question to follow. Tracy there is another story taking place in saudi arabia right now. The authorities saying they will spend billions to
More than a threeyear high as u. S. Stockpiles plunge. Why are rising prices worrying the Iranian Oil Minister . The week began with the news that 11 princes had been arrested in saudi arabia for staging a sit in outside a palace in riyadh. The royal family members were protesting the governments decision to stop paying their electricity and water bills. Tracy alloway got reaction and more on the story from bloomberg managing editor for the middle east. We dont know a lot of details about this. What we know from reports, as you said, they are protesting payment of utility bills. What clearly shows it shows that there is rising discontent within the ruling family after that crackdown. Obviously, there is grumbling. What happened is that, according to the reports, the king decided to take action, swift action. The report says they were sent to prison, not to the ritz. So there was even harsher treatment. But again, because of lack of details, the main thing it shows is that there is more
David i dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . You i read the other day that you opened your fund for 24 hours and 5 billion showed up. Now how does somebody raise 5 billion in 24 hours . Paul it was not exactly true. David oh. Paul it was true in the sense that once the offering was open, because it was first come, first served, there was a lot of demand. And 23 hours later, it was filled up, but it took a number him and of months of him and preparation. David that makes me feel better that you didnt just do it in 24 hours. How much do you manage now overall . Paul i think its 34 billion at this point. David so you started your fund in what year . Paul 1977. David how much money did you have then . Paul 1. 3 million. David where did you get that . Paul it w
Of a percent. Back at home, the stock to watch as netflix. Its happening. It all happening. It all leads back to here. Lauren helped by hits like Stranger Things, netflix earnings matched expectations as the stock stories 8 . Fbn am starts right now. Cheryl 5 01 a. M. In new york. Tuesday coming january 23rd. Good morning. Im cheryl casone. Lauren im lauren simonetti. Still havent watched Stranger Things. Stranger of a person whose needling you to get to watching these. Lauren i am still watching narco season two. The Government Shutdown is over. Resident transcending the stopgap bill into law after democrats and republicans agreed on temporary funding for the government. The president tweeted by snake on the big win for republicans as democrats cave unshed towns. Now we wanted date when, but especially great military and Border Security should be able to get their. See you at the negotiating table. Cheryl adam shapiro in washington with more. Good morning. Crisis averted for now. The
Funding deal, or have they kicked the immigration issue down the road . Value tops 100 billion. Shares surge in afterhours trading. We are less than half an hour till the start of cash trade. Lets take a look at where futures are indicating we could open this morning. Gains acrossg at the board and ftse futures are up. 4 . Ax futures indicated to open percent higher. The percent mispriced a little lower, but it looks like a positive day in europe this morning. Treasuries, ive got a threeday chart on my terminal. We have been hovering around the 2. 36 level. It looks like treasuries have been in a tight range the last three days of trading, but not low. 2. 63 is still a fairly high range. You can see the arrow there, the yield dropping a little today. Interesting action coming out of australia. Lets talk about that and the pound, which is on the move. The aussie market up. 7 , the s p pushing up 395 days without a five percent retracement. That is the longest run on record. Tells you a