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Feb 19, 2024
02/24
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let's talk aramco itself.to the oil market now, perhaps you are not seeing those geopolitical tensions show up because of that fear of exposure. what does that mean for appetite to actually have exposure to aramco, especially potentially talking another state, potentially expanding its operations. how are people thinking about aramco from a capital markets perspective? vonnie: it is a fascinating story right now, because as we know, we have reported another stake is likely to go on sale soon and that aramco has already engaged banks on this matter. this is the special shareholder who will decide this, who will officially decide that, and that is the saudi government, who already owns 90% plus of aramco. we have reported that another $20 billion worth might come online. he did not confirm that will happen, but we are anticipating it at some time here what is likely is the company issues bonds that would be the first time in aramco's history it has done so. he said it would not necessarily be to support the divi
let's talk aramco itself.to the oil market now, perhaps you are not seeing those geopolitical tensions show up because of that fear of exposure. what does that mean for appetite to actually have exposure to aramco, especially potentially talking another state, potentially expanding its operations. how are people thinking about aramco from a capital markets perspective? vonnie: it is a fascinating story right now, because as we know, we have reported another stake is likely to go on sale soon...
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Feb 8, 2024
02/24
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aramco ipo raised $20 billion.berg simon casey joins me to talk about the dynamic. $20 billion on top of the $30 billion in the ipo. how significant is the share sale. simon: is going to be one of the biggest share sales ever. it is a huge sale. we do not know when the timing is. all of it is in flux. the bigger picture is saudi arabia, this is a secondary share offer. the proceeds would go back to the sovereign wealth fund. it is liquidity, it is freeing up cash. the sovereign wealth fund can make other investments outside saudi arabia. the bigger picture is look at the oil price, where the oil price is is not quite as high as where saudi arabia would like despite the opec production cuts. according to bloomberg economics the fiscal breakeven for saudi arabia will be $106 a barrel. we are not close to that. sonali: you mentioned the oil prices and the use of capital and the fact that it would go back to the wealth fund. what is the promise for new investors? simon: aramco is one-of-a-kind. it is the world's bigges
aramco ipo raised $20 billion.berg simon casey joins me to talk about the dynamic. $20 billion on top of the $30 billion in the ipo. how significant is the share sale. simon: is going to be one of the biggest share sales ever. it is a huge sale. we do not know when the timing is. all of it is in flux. the bigger picture is saudi arabia, this is a secondary share offer. the proceeds would go back to the sovereign wealth fund. it is liquidity, it is freeing up cash. the sovereign wealth fund can...
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Feb 22, 2024
02/24
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we will see if they take over saudi aramco.k at the breakdown across the different segments of this business. the red line is the gaming part. this is what nvidia was about until a few years ago. it was all about gaming. look how insignificant that part of the business is. the white line is where the upside has come through. that is the ai play in gpu's going into the data centers. $18 billion in revenue. that is more than quadruple, quadruple the previous quarter a year ago. the growth in the datacenter is saying, that will continue. more big earning interviews, including conversations with the chief executives of mercedes and anglo american. markets today is up next. this is bloomberg. ♪ >> good morning from london, this is bloomberg markets today.
we will see if they take over saudi aramco.k at the breakdown across the different segments of this business. the red line is the gaming part. this is what nvidia was about until a few years ago. it was all about gaming. look how insignificant that part of the business is. the white line is where the upside has come through. that is the ai play in gpu's going into the data centers. $18 billion in revenue. that is more than quadruple, quadruple the previous quarter a year ago. the growth in the...
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Feb 14, 2024
02/24
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IRINN
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globally, why should this rate be 39 tomans , if we correct this, you see, we used to compete with aramco for a period. let's change the name, let's say that the market has caused the resources from the stock market, that is, from the production of the investment stock market, which many understand that 60 million people are involved. you want a new stock market. you need to create, for example, a lot of duties should be clear, the stock exchange was the first priority of the honorable president, now i am asking him by the way, sir, this is your first priority , give pensions for 46 million people and retirees, come and visit, this is your 32nd province, 60 million there is a crowd once travel to this province with a population of 60 million people, their money is coming to the production , investing in the market, there is no broker, now you can see that the real estate producer is waiting , the real estate broker has made 82% profit, so we have to be focused, the trustees should tell us and help us, god willing, if we have a market, if let's go to the next market, we will go to the next
globally, why should this rate be 39 tomans , if we correct this, you see, we used to compete with aramco for a period. let's change the name, let's say that the market has caused the resources from the stock market, that is, from the production of the investment stock market, which many understand that 60 million people are involved. you want a new stock market. you need to create, for example, a lot of duties should be clear, the stock exchange was the first priority of the honorable...
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Feb 20, 2024
02/24
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haslinda: that was the aramco cfo speaking with bloomberg's vonnie quinn in riyadh.er pressure after the prime minister called for an unscheduled meeting to cut the nations key interest rate. let's get to bangkok where asia-pacific markets reporter is standing by. even if the blt has room to cut, the prime minister's crossing the redline. >> some economists have said that this morning that it is a step too far to keep pressuring the central bank to cut rates, and even going so far as to call for an unscheduled meeting. that hasn't happened since the last time during covid and that was a rare occurrence in itself. i don't recall any other unscheduled meeting prior to that. so effectively prime minister has been saying since he took office it could be very long negotiations that led to the government. thailand's economy is in crisis, and indeed it is. the first quarter numbers they came out yesterday showed that growth was much less than expected. inflation has actually been deflation for the last few months. the problem is that there is a lack of public spending. the
haslinda: that was the aramco cfo speaking with bloomberg's vonnie quinn in riyadh.er pressure after the prime minister called for an unscheduled meeting to cut the nations key interest rate. let's get to bangkok where asia-pacific markets reporter is standing by. even if the blt has room to cut, the prime minister's crossing the redline. >> some economists have said that this morning that it is a step too far to keep pressuring the central bank to cut rates, and even going so far as to...
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Feb 4, 2024
02/24
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ESPRESO
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nationalists not without the support of british forces, that is, these levers of conflict were laid, and when aramcomerican-arab oil company, began to work in the 40s and 50s, when the famous , the well-known negotiations between the american president and the saudi king back in the 40s, then the countdown of these alliances had already begun, followed by the cold war. and israel was only one of the factors, so significant, not so much israel, as the anti-israel policy, on which they speculate, in the public space, criticizing israel, in fact, having good relations with it, the emirates, as an example, and it is difficult here. another question is no less speculative. when a ukrainian speaks to a ukrainian, as you and i do, or even over a beer, and one says to... the other: you were betting, you used this word, betting, then such an illusion can arise that it was possible in the 21st century 24 years old to roll differently. i have the impression that there are no good options for any post-colonial situation, there simply aren’t any, you can do it that way, or you can to do otherwise, there britain
nationalists not without the support of british forces, that is, these levers of conflict were laid, and when aramcomerican-arab oil company, began to work in the 40s and 50s, when the famous , the well-known negotiations between the american president and the saudi king back in the 40s, then the countdown of these alliances had already begun, followed by the cold war. and israel was only one of the factors, so significant, not so much israel, as the anti-israel policy, on which they speculate,...
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Feb 15, 2024
02/24
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they are closing in on saudi aramco as the third largest and most valuable company in the world. the ai demands can you do nvidia. plenty more coming up including a string of ceo and cfo interviews. stay with us. this is bloomberg. ♪ click and.
they are closing in on saudi aramco as the third largest and most valuable company in the world. the ai demands can you do nvidia. plenty more coming up including a string of ceo and cfo interviews. stay with us. this is bloomberg. ♪ click and.
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Feb 21, 2024
02/24
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saudi aramco is number three. nvidia is getting close to toppling.hird-largest tech company in the u.s. here is the move that could go either way. . you could be getting close to a $1.9 trillion market cap if those earnings come in with the kind of beat and the kind of 10.5% upside those options markets are suggesting more could get down to $1.5 trillion in terms of market cap. the consequences of this earnings report is hard to overstate. the drumbeat up to those earnings and that's the breakdown. more earnings interviews we will speak to the ceo of swiss private ranking group efg international and rio tinto's ceo on the back of those earnings results. the china question going to be crucial when it comes to that interview. up next, it is "bloomberg markets today." stay with us. this is bloomberg. ♪ ♪ >> good morning from london. this is "bloomberg markets today ."
saudi aramco is number three. nvidia is getting close to toppling.hird-largest tech company in the u.s. here is the move that could go either way. . you could be getting close to a $1.9 trillion market cap if those earnings come in with the kind of beat and the kind of 10.5% upside those options markets are suggesting more could get down to $1.5 trillion in terms of market cap. the consequences of this earnings report is hard to overstate. the drumbeat up to those earnings and that's the...
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Feb 12, 2024
02/24
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they are not averse to deals with energy companies including aramco, which is diversifying into naturalr markets, the laggards when it comes to trading in australia, we are seeing trading here flickering to the green when it comes to sydney, up by 0.1%. a muted handover from the wall street session. s&p 500 running up against the wall after starting a new record friday. that was muted ahead of the key u.s. cpi reading. some gains by financials, utilities and real estate, but the biggest drop in health care, csl dropping 4% in the session. overall sector drop of 2%. communication zantac also seeing -- communications and tech seeing a pullback. more positivity with nikkei futures, up 1.7%, playing catch up with the rally on wall street friday as japan returns from holiday. other markets, still closed on account of holidays. china and hong kong, taiwan, vietnam and nepal as this week continues. many of those markets continue to enjoy holidays. this is bloomberg. ♪ thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax r
they are not averse to deals with energy companies including aramco, which is diversifying into naturalr markets, the laggards when it comes to trading in australia, we are seeing trading here flickering to the green when it comes to sydney, up by 0.1%. a muted handover from the wall street session. s&p 500 running up against the wall after starting a new record friday. that was muted ahead of the key u.s. cpi reading. some gains by financials, utilities and real estate, but the biggest...
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Feb 3, 2024
02/24
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CNNW
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they destroyed a large portion of the aramco oil company a few years ago using a cyber attack and they have been perpetrators of cyber attacks and victims of cyber attacks. >> this is quite sustained for times or as the president says as times and places of our choosing what that will mean. thanks for that colonel. so how did we get here and what will president bidens next moved be plus should a mother be held responsible for her son's crimes? that's a huge question at the center of the jennifer crumbley trial and tonight we have assembled our own court of public opinion to listen to the arguments and weigh in on how they might decide this case and hear for yourself and seed if you agree. coming up. >> so, can president biden retaliate against iranian backed militias with carrier attacks on troops in the middle east without it turning into a wider conflict? joining me former secretary assistant secretary of state for president obama, joel rubin. every time we have you back there's a major conflict happening. my question is how does this not turn to a bigger wider conflict. diplomacy is
they destroyed a large portion of the aramco oil company a few years ago using a cyber attack and they have been perpetrators of cyber attacks and victims of cyber attacks. >> this is quite sustained for times or as the president says as times and places of our choosing what that will mean. thanks for that colonel. so how did we get here and what will president bidens next moved be plus should a mother be held responsible for her son's crimes? that's a huge question at the center of the...
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Feb 15, 2024
02/24
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microsoft -- microsoft, apple and saudi aramco. spacex is looking to move from delaware to texas.test elon musk venture to ditch delaware. muska's criticism of the states cost after a judge struck down his $56 billion pay package for his tesla ceo. he is threatening to ask shareholders to incorporate tesla in texas, as well. lisa: i have got to say, he was saying he would do it. everybody said, of course you would say that, but is this sort of the beginning? annmarie: he did it with spacex, but can he do it with tesla given it is a publicly traded company? he is encouraging more, calling governor abbott saying we are moving to texas. this is how much this is lipservice versus a call to action. lisa: next, investors parsing through disappointing retail sales and what it means for the fed. rob waldner of invesco joining us next. you are watching bloomberg. ♪ that first time you take a step back. i made that. with your very own online store. i sold that. and you can manage it all in one place. i built this. and it was easy, with a partner that puts you first. godaddy. how am i going
microsoft -- microsoft, apple and saudi aramco. spacex is looking to move from delaware to texas.test elon musk venture to ditch delaware. muska's criticism of the states cost after a judge struck down his $56 billion pay package for his tesla ceo. he is threatening to ask shareholders to incorporate tesla in texas, as well. lisa: i have got to say, he was saying he would do it. everybody said, of course you would say that, but is this sort of the beginning? annmarie: he did it with spacex, but...
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Feb 8, 2024
02/24
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bloomberg has learned that saudi arabia is considering a secondary share sale in aramco.n talks with other banks over the offer that may come in the next few weeks. follow-on offer would -- offering would raise about 20 booming dollars, making it among the biggest in recent years. -- $20 billion. energy transfers lake charles project in louisiana which is not get under construction. energy transfers request to extend its existing permit for the plant was denied last year. we have plenty more ahead, ♪ ♪ this is bloomberg. and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com annabelle: the richmond fed president says policymakers have time to be patient about rate cuts, with continued disinflation. he told us exclusively that is looking at data around this time of year that cautious approach. >> i think the data has been remarkable. it has been remarkable across the board. the fourth quarter gdp,
bloomberg has learned that saudi arabia is considering a secondary share sale in aramco.n talks with other banks over the offer that may come in the next few weeks. follow-on offer would -- offering would raise about 20 booming dollars, making it among the biggest in recent years. -- $20 billion. energy transfers lake charles project in louisiana which is not get under construction. energy transfers request to extend its existing permit for the plant was denied last year. we have plenty more...
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Feb 9, 2024
02/24
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has learned saudi arabia is set to higher banks including citi, goldman, and hsbc in a share sale of aramco said to be in talks with other banks. the full offering would raise $20 billion making it among the biggest in recent years. bloomberg understands the electric car battery firm steered by mercedes and stellantis is close to raising 4.4 billion euro. the automotive sales company is also in talk with banks said to have debt deals soon. battery plants are key for europe's effort to set up a supply chain to rival asia. we have had a mixed picture from the luxury and cosmetic space this week as the sector grapples with inflationary pressures and softness in china. to look ahead to earnings in under 15 minutes, i'm joined by bloomberg's gerling on it -- caroline connan. what do you take from the earnings we saw last night? what did i tell us? caroline: if you look at sales, they were disappointing in the fourth quarter but missing estimates. somehow the strong demand they had third quarter softened at the end of the year. especially in china which is of course a key market if you look at no
has learned saudi arabia is set to higher banks including citi, goldman, and hsbc in a share sale of aramco said to be in talks with other banks. the full offering would raise $20 billion making it among the biggest in recent years. bloomberg understands the electric car battery firm steered by mercedes and stellantis is close to raising 4.4 billion euro. the automotive sales company is also in talk with banks said to have debt deals soon. battery plants are key for europe's effort to set up a...
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Feb 15, 2024
02/24
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let's look at how it fares globally because it is just behind saudi aramco that has a cap of $2 trillion the metal tally and worth noting that it is becoming an investor dolly -- darling in the ai frenzy, set apart from the rest of the pack because it has demonstrated revenue growth and gave us a glimpse of investment strategy and has stake in arm that has been disclosed and stake in sound towns, another company, and this month alone at least five brokers have increased their price target for nvidia so we will watch those earnings closely next week. it: they better deliver. the rally is making retail investors feel wealthy and the big holders, the world's richest, even wealthier. avril: it is and the cofounder, he has added about $20 billion just this year alone to his wealth. david: [laughter] >> it is eye watering the riches that are making the rich even richer. lisa sue now a billionaire and the wealth of super micro computer cofounder has tripled to $6 billion. but let's look at the super microcomputer among the monster rally. this is an ai server company and we are seeing this searc
let's look at how it fares globally because it is just behind saudi aramco that has a cap of $2 trillion the metal tally and worth noting that it is becoming an investor dolly -- darling in the ai frenzy, set apart from the rest of the pack because it has demonstrated revenue growth and gave us a glimpse of investment strategy and has stake in arm that has been disclosed and stake in sound towns, another company, and this month alone at least five brokers have increased their price target for...
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Feb 14, 2024
02/24
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we're now seeing saudi aramco, they're trading on u.s. bowlels. >> speaking of that, what do you think of producing the capital expenditure on output production when it comes to oil? >> the energy minister says that's driven by them moving to any transition, you know. i think that that's a good point to make. however, you know, there's also talk about ramaco listing more of the shares on markets. would it make more sense to hold back the capacity expapgss and ultimately get shareholders to pay for it? that's a good question. >> yeah, positioning themselves for the ultimate share sale. i can't let you go until i see what the demand picture evolving. yesterday we spoke with the opec general and he seemed quite confident over oil for the coming years. what are you going to see for 2024 and how much of a swing factor is china going to be? >> it's definitely going. we forecast demand will grow somewhere in the region of 6 million barrels a day. that's healthy. 2.3% growth globally. that's not so great. a lot of the uptick you've seen in the la
we're now seeing saudi aramco, they're trading on u.s. bowlels. >> speaking of that, what do you think of producing the capital expenditure on output production when it comes to oil? >> the energy minister says that's driven by them moving to any transition, you know. i think that that's a good point to make. however, you know, there's also talk about ramaco listing more of the shares on markets. would it make more sense to hold back the capacity expapgss and ultimately get...
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Feb 14, 2024
02/24
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FBC
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microsoft, apple, saudi aramco, nvidia. stuart: that really is an absolute stun or. --er stunner.ne of productivity. that's the way the market's looking at it. stuart: what else have we got in the cards? uber. [laughter] i own a thin sliver of uber. they've got a stock buyback, and i'm going to do well. lauren: it's a milestone, first ever. uber is reporting operating profit. that's a big deal. consistent free cash flow, and now a tech company is rewarding investors. ceo derek -- [inaudible] has done a wonderful job. he really has. he turned a management train wreck that he took over a couple years ago into a mature company. it's now part of the s&p 500 and, like i said, it's rewarding investors. stuart: their competitor, lyft, they're seeing now a big gain. what's this about a typo getting in the way? lauren: okay. it was a human mistake in the earnings report. human makes a mistake, artificial intention -- or the algorithms -- capitalize on that a mistake. there was an error in the release that said a very specific profit margin would rise by 500 basis points, but it added ap an
microsoft, apple, saudi aramco, nvidia. stuart: that really is an absolute stun or. --er stunner.ne of productivity. that's the way the market's looking at it. stuart: what else have we got in the cards? uber. [laughter] i own a thin sliver of uber. they've got a stock buyback, and i'm going to do well. lauren: it's a milestone, first ever. uber is reporting operating profit. that's a big deal. consistent free cash flow, and now a tech company is rewarding investors. ceo derek -- [inaudible]...
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Feb 1, 2024
02/24
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CNBC
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the aramco thing yesterday tricked everybody. i think you should buy some slb.hat i'm going to head to the bahamas right after the show is over and that, ladies and gentlemen, is the conclusion of the "lightning round"! trading at schwab is now powered by ameritrade, unlocking the power of thinkorswim, the award-winning trading platforms. bring your trades into focus on thinkorswim desktop with robust charting and analysis tools, including over 400 technical studies. tailor the platforms to your unique needs with nearly endless customization. and track market trends with up-to-the-minute news and insights. trade brilliantly with schwab. >>> many industrials have struggled this earnings season but now we're learning what wins infrastructure spend, which benefits from long-term mega trends fueled by massive government spending, and also aerospace because we've got a worldwide airplane shortage. take this morning eaton one of the greatest industrials of our era laid out a fantastic quarter and road map there's not much to it even as it allowed the stock toto shoot
the aramco thing yesterday tricked everybody. i think you should buy some slb.hat i'm going to head to the bahamas right after the show is over and that, ladies and gentlemen, is the conclusion of the "lightning round"! trading at schwab is now powered by ameritrade, unlocking the power of thinkorswim, the award-winning trading platforms. bring your trades into focus on thinkorswim desktop with robust charting and analysis tools, including over 400 technical studies. tailor the...
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Feb 5, 2024
02/24
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annmarie: i want to ask about these stories coming out of saudi aramco, one, that they are abandoningacity, and also that they may be reviving the share sale. is it your sense that saudi arabia is trying to go after funds? nadia: i think it's actually two different questions because it is strange timing. banks are putting out, by stepping back on this major investment plan, aramco could be saving $5 billion in capex. as an estimate, maybe that is a serious number, maybe not. it is an issue to issue more shares when you don't know the expectations, which will be announced when they do their earnings. it's a little bit strange in terms of the timing. on the other hand, 13.5 million barrels a day is a nonstory right now. we see saudi arabia is planning to transition, the seasonal side in august, that is almost one million barrels a day of internal demand that they use for crude. they could make that available for exports. that could be a one million barrels per day trade-off. in addition, we see the u.s. apply chain is growing from strength to strength. expectations are already starting
annmarie: i want to ask about these stories coming out of saudi aramco, one, that they are abandoningacity, and also that they may be reviving the share sale. is it your sense that saudi arabia is trying to go after funds? nadia: i think it's actually two different questions because it is strange timing. banks are putting out, by stepping back on this major investment plan, aramco could be saving $5 billion in capex. as an estimate, maybe that is a serious number, maybe not. it is an issue to...