A general competitor in United States i mean we can produce enough of our own oil we are no longer held hostage by opec around or saudi arabia so theres a whole bunch of things that could be created this by the end of the day i mean who couldnt use the extra 2627000000000. 00 laying around and just to put it back and flush around the markets i mean you know to me its just easier for them to do so and it doesnt cost them anything and again we know that their profits are really there. All right peter lets look at this in the other current reigning i. P. O. Leader ali babas also planning the secondary h. K. Listing hong kong listing they could raise 13800000000 so its a trade november 26 why do you think theyre looking at this secondary listing now. Well you know its an old saying on wall street that you feed the ducks when theyre quacking and i think thats what theyre doing right now and you have some markets making record highs you have some special demand for the right issues not alway
Schiff c. E. O. Of Euro Pacific Capital and Todd Bubba Horowitz chief strategist above the trading so lets start off with you it seems like the only way that saudi aramco can sustain its nearly 2 trillion dollars valuation is by artificially buffering it from the Global Markets and offering a sweetener to investors in the form of local banks making loans available for the sole purpose of investing in this i. P. O. So what is the purpose of this anyways they dont need to raise any more money its already the worlds most Profitable Company and its previous goal of getting a rambo circulated and diversified outside of this region seems to be a moot point if now theyre limiting it to the only domesticity best years so why go i. P. O. Now. Do we do we know they dont even want to i mean do we know theres a role for a little gumby in the world i mean i think a lot of questions and what the real details are and im not saying theyre not im saying theyre coming youre bringing this idea to market
More business more revenue that even up higher than amazon already. Well its hard for anybody to have a valuation is high as i was on i mean theres a lot of speculative money thats in that stock and im sure one of these days is coming back down to earth i just dont know when that is. So now peter lets go back on to the domestic front we have conflicting reports and sentiment yet again from china and the u. S. The mood in beijing right now is increasingly pessimistic as trump refused to scrap tariffs dampening hopes for a resolution the u. S. However seems more optimistic with the markets today and larry kudlow we had already yet again that they are getting close so why are we getting the conflicting reports here. Well 1st of all i think the chinese are actually posturing for a negotiation you know if youre negotiating with with somebody you dont want to admit that youre close to a deal you want to say that a deal is far away because that way you can try to extract more concessions from
And for more on this and other Market Movers we are now joined by peter schiff c. E. O. Of Euro Pacific Capital and Todd Bubba Horowitz chief strategist above the trading so lets start off with you it seems like the only way that saudi aramco can sustain its nearly 2 trillion dollars valuation is by artificially buffering it from the Global Markets and offering a sweetener to investors in the form of local banks making loans available for the sole purpose of investing in this i. P. O. So what is the purpose of this anyways they dont need to raise any more money its already the worlds most Profitable Company and its previous goal of getting around co circulated and diversified outside of this region seems to be a moot point if now theyre limiting it to the only domestic investors so why go i. P. O. Now. Do we do we know they dont even want to i mean do we know theres a role for a little gumby in the world i mean i think a lot of questions and what the real details are and im not saying
Good evening. Welcome to new america. Such a nice room, comfortable chairs. Im the director of the Political Reform Program here at new america and i want to welcome you all to a discussion about the possibilities of rankedchoice voting, as folks can revive our democracy in various ways, potentially solving a bunch of differently challenges. This is an event, a a series of events for new americas 20th anniversary which is done in 1999 with the idea of creating a home for new generation of both people and ideas across a wide range of policy questions. I kind of one of the oldtimers although it wasnt your in 1999. I saw the creation of it and fundamental ideas about political, reforming the political system, part of the dna of this organization from the beginning. As my colleague lee reminded me, the book that the founders wrote called the radical center which was one of the ideas that they wrote that was not really like a bible but it is kind of hard of that. And that i was here, came b