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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 ....
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 regio ....
Terrorism in the region. The president welcome to the oval office. I want to discuss some events that took place over the past weekend. President biden as you know, iran launched a unprecedented attack against israel. And together with our partners, we defeated that attack. The United States is committed to israels security. Were committed to a ceasefire that will bring the hostages home and preventing conflict from spreading beyond what it already has. Were also committed to the security of our personnel and partners in the region, including iraq. Partnership between iraq and the United States is critical. Weve seen over the last decade as our troops have served side by side to help defeat isis. And weve seen it in our strategic Framework Agreement as well. And i want to personally thank you, mr. Prime minister, for ....
And their efforts to combat terrorism in the region. The president welcome to the oval office. I want to discuss some events that took place over the past weekend. President biden as you know, iran launched a unprecedented attack against israel. And together with our partners, we defeated that attack. The United States is committed to israels security. Were committed to a ceasefire that will bring the hostages home and preventing conflict from spreading beyond what it already has. Were also committed to the security of our personnel and partners in the region, including iraq. Partnership between iraq and the United States is critical. Weve seen over the last decade as our troops have served side by side to help defeat isis. And weve seen it in our strategic Framework Agreement as well. And i want to personally thank y ....