Shows off its latest innovations tries to stave off stricter regulation over the increasing security. Business. Saudi arabia state oil company iran co is preparing to go public and today were likely to find out just how much it is really worth last month eyebrows were raised after an announcement that the company would only be floating on the reality Stock Exchange and not in london or new york so as we await that valuation thats going to quick overview of the worlds most Profitable Company often described as the kingdoms crown jewels last year run co produced some 11000000. 00 barrels of oil per day more than 2 thirds of that was exported to asia about 14 percent of it to the United States the upcoming i. P. O. Has generated a lot of excitement but its affected not to make quite as much cash as the kingdom had originally hoped a recent drone attack on a run co facility and investors increasing focus on Renewable Energy has left many analysts skeptical today the shares will float on th
The president pro tempore the senate will come to order. The chaplain, dr. Black, will lead the senate in prayer. The chaplain let us pray. Majestic god, your name fills the earth. In spite of our challenges, you continue to rule with your love, wisdom, and power. Grant that our lawmakers may not forget the many dangers, toils, and snares that you have already brought our nation through. Lord, give our senators the wisdom to know that you continue to direct the steps of the faithful and that we have nothing to fear. Spirit of god, arise within our hearts and prepare us for the task of this day. Surprise us again with your ability to transform dark yesterdays into bright tomorrows doing for us more than we can ask or imagine. We pray in your great name. Amen. The president pro tempore please join me in reciting the pledge of allegiance i pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation under god, indivisible, with liberty
,fficials warning protesters stepping up its rhetoric on that front. David one of the interesting things is how any people are demonstrating. One recruiter one reporter said it is fewer people, but they are more violent. Nejra we have seen this. Everberate through the markets youre seeing u. S. Futures negative now. They were positive earlier. The 10 year yield dropped 10 basis points last week. We are down to a 1. 69 handle. Session backodays about 1500 an ounce. David the one clear winner is gold for the last week or two. Morning brief. E we get cpi data, followed by china retail sales numbers. We get german gdp numbers. Thursday it is u. S. Retail sales for last month, and walmart reports earnings. Friday, the u. S. Reports Housing Starts for the last month. It is time for the bloomberg first take. We are joined by Brooke Sullivan in new york and Kristine Aquino with nejra cehic. Lets start with argentinas shock, a big defeat for mr. Macri in the primaries that suggests he may not g
Oil giant, 10 of the subsidiary could be sold off. Plans to pay shareholders 400 million in 2018 and 2019. Tracy alloway spoke exclusively to the ceo and asked for more details about the plan. The announcement said at least 10 . We might go a little higher, that will depend on how the market is over the next few weeks. Tracy is there particular valuation you are targeting . Not really. A firstto demonstrate of its kind ipo in the region. What we are trying to achieve is a way to ensure an unprecedented [indiscernible] market and domestic and local investors to work alongside. Tracy there are of course rumors you might look to float other businesses. What else might be in the pipeline . Were looking for ways to maximize value to shareholders while keeping it wholly owned. Having said that, we are looking at exploring the whole value chain with the main focus being on service systems. Tracy you keep rolling out a listing at the Holding Company level, you did it earlier today during your
Im tracy alloway. This is Bloomberg Markets middle east. Lets check or markets ended up last week. Numbers on december, released on friday. 148,000 for the month. Last 90,000 expected for economists. Markets really shrugging off that number. Industrial average reaching new alltime highs. 7500, recording its best start of the year since 1999. Analysts are falling over mselves to wreck it up will ratchet up their expectations. A little change on friday, slightly weaker. 10 year yield a little changed to end up at 2. 48 . A big story for the region. We have brent just a touch lower on friday. Rally into 2018. The whole commodities complex really powering ahead to start the new year on the Global Growth story. You can see some of the optimism feeding into regional markets, dow up almost 3 5 of 1 in their come and kuwait up a little over 50 points on thursday. Lets check in on first word headlines with stephanie humphrey. The u. S. Regulators and prosecutors are seeking information from the