Just above estimates we begin with wall streets record run futures pointed to a muted open. The dow coming off a fivesession win streak. Plus broken Business Model . Elizabeth warren promising to follow the money when she questions former equifax ceo rick smith in a hearing this morn and pepsi shares are sinking. The beverage and snack giant beats earning but has a lower outlook. The dow, the s p and the russell coming off record highs. The Financial Sector posted its highest in ten years with watches on to see how resilient the market can be. I think what were seeing is a recognition that the economy is better so instead of paying low multiples for, what . Nothing, sorry, go ahead. My pepsi notes. Instead of paying low multiples for companies lets start with the banks. We are going to give the banks a multiple that looks like a stock. Do you know how long its been since i used to speak with brian moynihan, he does a great job and i would say okay lets say you can make two bucks, what
Will dump the iran nuclear deal. Some in his administration disagree. Extern editor what to expect from the saudi kings visit to moscow. It shows the extent to which russia has succeeded in inserting itself in the middle east. Role inmuch broader building relationships with the saudis. For the saudis, it is crucial. They are seeing the russians as a diversification effort, not the full reliance on u. S. Power. No one is saying the relationship with the u. S. Is bad, but they are looking for other allies, other relationships to build to protect their own interests. Yousef weve seen big energy deals coming out of this. Can we expect tangible results in terms of Foreign Policy . Will they have measured results in key areas . Syria is the big one. I think what they are looking for from the russians on that is help limiting iranian power. I dont think the saudis are expecting the russians will suddenly come out and say they support the saudi line on this and do everything we can to limit ir
Some in his administration disagree. Our executive editor joins us about what to expect from the saudi kings visit to moscow. It shows the extent to which russia has succeeded in inserting itself in the middle east. Also, a much broader role in building relationships with the saudis. For the saudis, it is crucial. They are seeing the russians as a diversification effort, not the full reliance on u. S. Power. No one is saying the relationship with the u. S. Is bad, but they are looking for other allies, other relationships to build to protect their own interests. Yousef weve seen big energy deals coming out of this. Can we expect tangible results in terms of Foreign Policy . Will they have measured results in key areas . Syria is the big one. I think what they are looking for from the russians on that is help limiting iranian power. I dont think the saudis are expecting the russians will suddenly come out and say they support the saudi line on this and do everything we can to limit iran
Obviously, if nafta were to collapse, canada has a bilateral trade deal with the u. S. What is the canadian priority here . Would it prefer to fall back to that . When the minister started talking about arlington cemetery, that was a metaphor for the death of nafta. Canada would probably be the least disrupted. It would be a shortterm pickup. Canada can fall back on the Free Trade Agreement with United States. There may not be that much of a disruption. Backandforth, the unconditional proposals, make a good agreement better. Some of these proposals run counter to rules. And we had the mexican representatives saying we will need to a knowledge we have limits. Are we going to be will to resurrect nafta or is the United States justifying a way to get out of this . Dollar is the billion question with mexico. We dont know where they are going with this. They have extended the talks. They do want to make progress. Donald trump keeps saying it is a bad deal. Robert today highlighted all the p
Ahead, bill ackman suffers a setback. They won the contest fair and square. Positivel be a very and please with the first year. That company, there is always something that can be and should be improved. From free trade to the gender pay get. The best conversations. We are hoping to model what is possible. We are trying to find a way to protect. We need to embrace the new technology. It is all straight ahead on bloomberg best. Hello, and welcome. Im rosalind chin. This is bloomberg best, the most important analysis around the world. As markets open on monday, investors were trying to make sense of the weekend shakeup in saudi arabia. The crackdown in saudi arabia. Weekend, we have effectively carried out the arrest of billionaire ministers across saudi arabia. The purge in the name of a sweeping anticorruption drive brings it closer than ever to power. And certainly for investors in the region. Is beingale of what done. The enormity of the implication in terms of the influence. Acrossr