a reminder that for many companies this is primarily a tradeoff between profits and p.r. . he joins us now yes american firms were much quicker to pull out of this conference days ago it likely wasn t an easy decision for them either so what s at stake for a business. like this. well if you look at silicon valley for instance saudi investors are among the biggest investors into a u.s. take start ups in silicon valley but you also have a couple of big tech names being engaged in a multibillion dollar deal in saudi arabia and then u.s. president donald trump repeatedly talks about a possible one hundred ten billion dollar arms deal with saudi arabia the president also claims that one hundred thousand couple of thousand hundreds of thousands of
a tradeoff between profits and p.r. . our financial correspondent been following the. conference he joins us now from new york younes american firms were much quicker to pull out of this conference days ago it likely wasn t an easy decision for them either so what s at stake for a business. like this. well if you look at silicon valley for instance saudi investors are among the biggest investors into a u.s. take start ups in silicon valley but you also have a couple of big tech names being engaged in a multibillion dollar deal in saudi arabia and then u.s. president donald trump repeatedly talks about a possible one hundred ten billion dollar arms deal with saudi arabia the president also claims that one hundred thousand couple of thousand hundreds of thousands of
suspense and that s not what happened because i think there s an import went wrong at somewhere i went wrong and exactly how the trumpet ministrations going to react to this case is still clear the president has firmly back the saudi family and has pointed to a huge arms deal as an example of the country s close ties. well there are many other things we could do but when we take away one hundred ten billion dollars of purchases from our country that hurts our workers that are jar factory that hurts for all of our companies here you re talking about five hundred thousand jobs so we do that we re really hurting our country a lot for there were hurting saudi arabia. so his one hundred ten billion dollars the price of looking the other way and the sacrificing the values that america says it stands for. it s
suspense and that s not what happened because i think there s an import somewhere i went wrong and exactly how the trumpet ministrations going to react to this case is still clear the president has firmly back the saudi family and has pointed to a huge arms deal as an example of the country s close ties. well there are many other things we could do but when we take away one hundred ten billion dollars of purchases from our country that hurts our workers that are jar factory that hurts for all of our companies here you re talking about five hundred thousand jobs so we do that we re really hurting our country a lot for there were hurting saudi arabia. so is one hundred ten billion dollars the price of looking the other way and the sacrificing the values that america says it stands for. it s
u.s. solti relations. well the president apparently thinks or the u.s. is maybe or the u.s. army is the target of restraint things probably that they are in a limit of a pickle one thing is to send secretary of state to pump a or to investigate to saudi arabia and he after that will go to turkey too and have a stop there and of course it s not to be expected that mr pompei was coming back to washington shrugging his shoulders they re like ok they told me they re not they didn t do anything and with this the whole thing is over that s not going to happen here the united states made and you will remember this last year a very significant arms deal with saudi arabia one hundred ten billion dollars worth of weapons and weapons technology cyber security to all g. sold to or going to be sold to the saudis saudi is saudi arabia is a key ally for the united states the trumpeters ration. uses saudi arabia and