Me if my tie was fixed. But, ok. Just leave it this way. All right. 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 . We are here today with his excellency, yasir alrumayyan, who is both the chairman of saudi aramco and the head of the pif, the saudi sovereign wealth fund. You have both jobs. How do you allocate your time between running the sovereign wealth fund, pif, and being the chair of saudi aramco . Doesnt that take you 80 or 100 hours a week . Yasir pif role is executive, the aramco is chairmanship. I dont have the executive chairmanship. In aramco, i focus on four things, the strategy, the targets, annual targets we have, the monitoring of the performance, and managing the actual board. In pif, i am the governor, although i am a board member and the p
Americans, its bad. The infection adds to the oil slump. Shery lets get you started with a quick check of the markets. We were seeing earlier losses gaining three tents of 1 , but its still early in trading coming off the worst day again since 1987 and losses accelerating and falling to session lows. President trump talked about economic disruption lasting well into the summer. The dow now falling to the lowest level in two years. Losse talking about a 30 since the peak in february. We are seeing the Downside Pressure with the s p 500 index. Every sector on the s p in the red with losses of at least 7 . Financials and real estate leading the declines. , fallingave small caps more than 12 . U. S. Futures at the moment, a little upside. Up 6 10 of 1 . We will see how things shape up as the asia session gets underway. Amid thesia wideranging meltdown with more central bank rates, moving to boost liquidity we had on monday. The bank of korea delivering a 50 basis point cuts in emerging mee
Would you fix your type type please . David people would not recognize me if i fixed my tie. I dont consider myself a journalist. Nobody else would consider myself a journalist. I took 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 tech . Ick . We are here today with his yasirlency yes or over alruhmayan. You have both jobs. Had you allocate between running the Sovereign Wealth Fund and being the chair of saudi aramco . Doesnt that to you 100 hours a week to do. P fi is an executive role. I dont have executive chairmanship in aramco. In aramco i focus on four things. The strategy, the annual targets , monetary, and managing. But my role member varies. Day for a longy never of hours looking at our Investment Opportunities and looking over our companies. David you became the head of pif. What sizes pif in terms of the assets . It was totally different from what it is today. C
Just leave it this way. All right. 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 . We are here today with his excellency, yasir alrumayyan, both the chairman of saudi aramco and the head of the pif, the saudi sovereign wealth fund. You have both jobs. How do you allocate your time between running the sovereign wealth fund, pif, and being the chair of saudi aramco . Doesnt that take you 80 or 100 hours a week . Yasir pif role is executive, the aramco is chairmanship. I dont have the executive chairmanship. In aramco, i focus on four things, the strategy, the targets, annual targets we have, the monitoring of the performance, and managing the actual board. In pif, i am the governor, although i am a board member and the pif board, but my role there is different
Joint action. Saudi arabia wants producers to agree on additional cuts of one Million Barrels per day. Nejra what a wipe out on wall street. We will get to that in a moment, but first, breaking headlines coming through. We are still in earnings season. Basf sees significant first half Coronavirus Impacts on the Global Economy, and it sees 2020 point 2 ebit of four billion euros to 4. 8 billion euros versus 4. 5 billion euros in 2018. Those are the two red headlines. They are saying they do not expect the virus effect to be fully offset over the years, so some important headlines coming through on the impact of coronavirus. Elsewhere in the numbers, it is proposing a full year Dividend Per Share meeting the highest estimate, but it sees a significant first half Coronavirus Impact on the Global Economy, bracing for a possible profit drop on coronavirus but also the slump in autos. That is the main takeaway here, adding to industrial gloom by adding to the profit drop due to the impact of