awaiting the the daily white house briefing as president trump are pierced or the crown prince of abu dhabi to the white house just minutes from now. >> jon: it starts the busy week with news ahead of the president's first overseas trip, we are covering of the news "happening now." kim jong-un's road regime test fires its most sophisticated missile yet, when the north korea claims can carry a large nuclear warhead. also, people and businesses in at least 150 countries fall victim to a global cyber attack, and there are concerns the damage is far from over. so is your information safe? it is all "happening now" ." we begin with this a fox news alert, president trump kicking off a busy week at the white house with the visit from the crown prince of abu dhabi just days before the president leaves for his first overseas trip to saudi arabia, arabia, jerusalem and rome. welcome to the second hour of "happening now," i am jon scott. >> heather: i'm heather childers in for jenna lee, nice to be here, busy day to say the least. we are also awaiting the daily white house briefing from sean spicer as

tracy joins us live from abu dhabi.ng at some of the pricing over the last few trading sessions, the base case argues for an extension of this opec agreement. it is interesting to see the price action going into that base case. we have had what seems to be a growing recognition that opec might not have that much power when it comes to affecting oil supply. that is because it has not solved the dilemma of collection action. every time they managed to affect the price rise, we see u.s. shale rebound. yousef i know you have been watching the data. on friday we had another nine rigs added taking the total up to 697. that is a 30% rise just this year. still a pretty impressive rebound in u.s. shale. we are seeing some of the pessimist about the opec production cut in the positioning data that we got on friday. the latest eta showing money manager cut their bullish sets on crude by 21% after three weeks of rises. certainly some questions floating around in the oil markets right now. when it comeslly to the prices of lower oil

>> i think abu dhabi has been smart in vision. they focused on culture as the catalyst for creating a community, a community that is a long-term vision. >> talking about bringing in the louvre. >> absolutely, the louvre, the goi going structure is what we're talking about, with all that in mind they're creating a global hub for culture. so that will establish a really big pulse in this entire region for a different city. you will see a completely different city in the next four, five years. >> you've been working on the real estate market in the gulf countries for the last decade. what's coming up next? we're coming up to dubai expo 2020, a lot of questions about overcapacity. lots of people wondering with the price of oil where it is today, are the jobs available? what's your outlook? >> my outlook for abu dhabi is a good outlook. i believe with this new airport and also the cultural hub we're talking about -- >> the transport and cultural hub. >> absolutely. the infrastructure in place will create a very attractive hub for many

he also meets today with the crown prince of abu dhabi and tomorrow with turkey's president, reese yip erred war. >>> later today, a federal appeals court will hold a hearing in seattle to decide whether to uphold the president's travel ban. the ninth circuit already put the first ban on hold. will this time be any different? let's go live to washington, d.c., and bring in cnn justice reporter laura jarrett. laura, what do you expect today? >> reporter: hey there, christine. so, for the second time in just a few months, the fate of the travel ban is back up for debate in the ninth circuit. in just a few hours with the trump administration once again trying to get the president's executive order back on track. but the main question the judges have to wrestle with this time

let's get more on this with the head of investment strategy at abu dhabi, spain. -- abu dhabi commerzbank is looking good for america in terms of trade, we have the positive comments from g7 leaders, we also have the announcement of the u.s. china trade deal. has the world got more comfortable with the notion of america first? >> we live in a world of excess supply and at the same time the u.s. is the buyer of last resort --ch means the world needs for global growth to persist we need u.s. growth and thus its trading partners are actually quite willing to make pragmatic deals with the u.son bilateral basis. chinavery clear with where in fact that much has not happened, there have not been that many accommodations when it l and autoters in stee part but there has been an upturn in the long run with bioengineering and agribusiness the guidelines are proved so the u.s. companies can do that. as long as it remains of this bilateral deal then the trading partners of the u.s. are quite willing to do some damage limitation. i don't think it is good for global growth that the u.s. takes partners

he's the crown prince of abu dhabi which is the capital of united arab emirates. he's next in the throne in the united arab emirates. "the washington post" reports and pictures confirm that mbz met multiple times with vladimir putin. personally last year. they further report that mbz flew to the united states in december without notifying the obama administration. that's weird because national leaders like the crowned prince of a u.s. ally would usually notify the u.s. government when they were coming in to this country for any reason. but in december, he flew into new york without telling the obama administration, without telling the u.s. government that he was coming. they later figured out he was here because his name turned up on a flight manifest. turns out what he was coming to new york for was to take a meeting with mike flynn, steve bannon and jared kushner. he met with them in december and then the following month in january, he set up and hosted these two days of meetings between erik prince and a russian emissary who was there on behalf of vladimir puti

there he was with the crown prince of abu dhabi. he had talks, he a working lunch with him and also worth noting that he is the deputy supreme commander of the uae armed forces. i want to bring my panel in to talk about this. let's touch upon that. this is a big week for donald trump to look outside of the u.s., which politically is a welcome idea for those around him. >> first of all, he'll have more meetings with international leaders here, but then the big one is at the end of the week when he himself will travel on a pretty big international trip. he's going to go to saudi arabia, israel, brussels and he's going to meet the pope at the vatican. and it's going to be a lengthy trip and probably a very nice reprieve from kind of rattling around inside the white house where he has had difficulty after difficulty a lot of self-imposed crises, i should say, but it's going to be a completely different ball game. you have seen him already today try to pivot not just with this important meeting that he had with the crown prince of abu dh

on the flight manifest in abu dhabi before his plane took off. and so -- i don't know, again, i don't really quite understand the reason for the secrecy here with some of these engagements. later, keep in mind, the crown prince of abu dhabi is the host for that meeting in the say she wills that arab prince attends. officials told us the meeting in new york, which did not take place at trump tower, it took place at another location in new york this subject of having this meeting in the third country did not come up. >> right. >> but you know -- anyways, that remains to be fully reported out. but the -- certainly there have been -- there were other contacts that were not being publicly disclosed and which were for some reason being cloaked. such as that uae meeting that i just mentioned. in addition to the kislyak communication. >> right. as you say, some of that is now of "investigative interest." because of the nature and the approach to it. there are scoops, and then there are scoops. adam entiss with a very serious scoop, national security repo

on the flight manifest in abu dhabi before his plane took off.nd so -- i don't know, again, i don't really quite understand the reason for the secrecy here with some of these engagements. later, keep in mind, the crown prince of abu dhabi is the host for that meeting in the seychelles that arab prince attends. officials told us the meeting in new york, which did not take place at trump tower, it took place at another location in new york. this subject of having this meeting in the third country did not come up. >> right. >> but you know -- anyways, that remains to be fully reported out. but the -- certainly there have been -- there were other contacts that were not being publicly disclosed and which were for some reason being cloaked. such as that uae meeting that i just mentioned. in addition to the kislyak communication. >> right. as you say, some of that is now of "investigative interest." because of the nature and the approach to it. there are scoops, and then there are scoops. adam entous with a very serious scoop, national security reporter

that was the president with the crown prince from abu dhabi. as soon as given a chance, reporters jumped in with questions about the fbi. let's bring in chris stirewalt. you heard it. they want to know what's gonna happen next with the fbi. no? >> and then they're hitting him with the tasers. get outta here. go. >> melissa: that's the press. >> it's the press. you gotta tase them. do you remember how hillary clinton had them roped off in the parade. >> melissa: you have them cast as the ones being hurt here. they're pretty aggressive themselves. seems like it's equally match on either side. >> isn't that our job? there is no bigger question in washington now because so much of president trump's agenda and so much of the president hopes and dreams of holding on to the house and everything else descends out of the president choosing wisely and choosing well on this replacement for the ousted fbi director. >> melissa: what is more important in your mind for the president continuing or improving on his past doing everything he wanted to do. kind of

donald trump is meeting the crown prince of abu dhabi right now.ave shaken hands and are going to enter the white house. donald trump will be meeting with the crown prince in the oval office. we do expect to get a little bit of video inside that, maybe a question or two. we will bring that to you the moment we get it. pete williams, back to you if you are still there. what i was saying a moment ago. the muslim ban was still on donald trump's campaign website as of last week. >> right. it was taken down just before the appeals court argument. frankly, i'm not sure how much credibility or stock these judges put in the website but in both this argument and the one last week just a week ago the statements made by the candidate donald trump very much were weighed against the statements made by the president. and the same question was asked in both hearings. has he ever taken it back? has he ever disavowed them and said he was sorry? another question asked was okay you say that his executive order is infected by the campaign statements. how long does tha

on the political front president trump meets with world leadersgf abu dhabi and a person of turkey and the president will begin his first trip. he will travel to israel saudi arabia. "fox business" will be with the present present on the trip reporting live. former fbi director james comey has been asked to appear in front of the senate intelligence committee and a closed hearing on tuesday. we will be watching for any information out of that as well. have a great weekend everybody. i will do it for "wall street week." we will see next week and next week we come to you from assault conference in las vegas. my favorite guest federal chairman ben bernanke. i will see you sunday morning futures on the "fox news" channel at 10:00 a.m. eastern. join me for that. the hit show "property man" starts right now. ♪ >> i'm bob massi. for 35 years, i've been practicing law and living in las vegas, ground zero for the american real-estate crisis. but it wasn't just vegas that was hit hard. lives were destroyed from coast to coast as the economy tanked. now it's a different story. the american dream

on the political front president trump meets with world leaders including the crown prince of abu dhabiperson of turkey and on friday the president will begin his first trip. he will travel to israel saudi arabia. "fox business" will be with the present present on the trip reporting live. former fbi director james comey has been asked to appear in front of the senate intelligence committee and a closed hearing on tuesday. we will be watching for any information out of that as well. have a great weekend everybody. i will do it for "wall street week." we will see next week and next week we come to you from assault conference in las vegas. my favorite guest federal chairman ben bernanke. i will see you sunday morning futures on the "fox news" channel at 10:00 a.m. eastern. join me for that. the hit show "property man" starts right now. >> his dream? big as a t-rex. >> when everybody else told him he was crazy, he just said, "no, i'm gonna build dinosaurs." >> his creation? a land before time. >> he was almost an engineer when it came to dinosaurs. >> can it survive without him? >> a lot of

sill waiting crown prince of abu dhabi.sort of lay the groundwork for the president that will be visiting that neck of the woods next week, part of a large foreign tour. meantime ahead of the president's trip to europe, populist wave that brought us "brexit" might be reversing. ashley webster saw this first-hand himself. ashley what are you hearing? reporter: interesting, neil, if marine le pen won in france with the president heading there next week, the whole background and feel would be different. donald trump as president, is populist, nationalist choice. we saw it with "brexit" as well. we've not seen it on the continent of europe. there has been a pushback, a waning of that populist, nationalist feeling. i don't think it is dead by any means. a lot of people i spoke with in france were still very disillusioned with the elitists and certainly brussels. i don't think it has gone away, but for now, with the german election in weekend, regional election, angela merkel's party doing very well in a part of the country that

we think abu dhabi is a great place to host this.mpanies from all over the world presenting their best ideas. we think it is a scene that is critical for this region. >> we have seen that just recently given the massive cyber attack we have seen. >> it is something we are extremely focused on. we think we have an incredibly talented team around the world. we have put emphasis and focus for years, certainly preparing for this type of event. certainly around the world, it is of concern for all institutions. priorities, and this part of the world, we talk about saudi arabia. frank them in terms of your top three here. >> i would put them in terms of things. one is infrastructure. we are focused on that. we are focused on getting companies, sovereigns, banks into the capital market. 1% penetration of international investors into those markets. we are deep meaning our coverage of companies, banks and sovereigns in the region. >> how competitive is the market now? everyone and their grandmother's wants a slice of the listing. that wenk tha

tracy alloway joins us on the line from abu dhabi with more on this.d morning, tracy. >> good morning, yousef. i know you are excited. there is a wealth of thertunities right now in gulf, penned to saudi arabia opening up its markets. tracy: who better to speak about that than the doctor, ceo of golf capital? he is a huge player. joining uso much for today. let us start with saudi arabia because we did have that rare interview from the deputy crown prince where he was talking about some of the country's economic plans, including domestic investment, the privatization drive. what does that mean for capital markets in the gulf region? >> it is what you mean a huge boom. it will open the markets again. there has not been much activity for the past two years. wereu look at 2014, there 12 ipo's, $10 billion. last year, only for ipo's him a $7 million trade. the ipo market are shot. ipo like saudi aramco to open the market again. tracy: what about the dip in oil prices? we saw another fall yesterday off of the back of some of the u.s. numbers. how do lower c

we are here today for an initiative in abu dhabi, which we called tech for integrity.ich we called tech for integrity. we are focused on syntax. we are fighting corruption. we are all over the theme of syntax and we think abu dhabi is a great place to host this event with microsoft, ibm, and others. we have 100 companies from all over the world representing their best ideas to tackle corruption and we think it's a theme that is critical for this region. tracy: we seen that just recently given the massive cyber attack that we have seen. how much of a concern is that for a big financial institution like citibank? >> it's something we are extremely focused on. we have an incredibly talented team dedicated to cybersecurity around the world. it's one where we put emphasis on focus for years, certainly preparing for these types of events. certainly around the world, it's a concern to all financial institutions and corporate's and governments alike. of iras forerms your strategy in this part of the world, we talked about saudi arabia and some of the others. top three here, ra

first, abu dhabi national oil company posted its first profit since 2016.e asked how they did it. >> we are very happy with the result after two years of a transformation program that we gained the benefits of $3.6 billion. we have seen the result in the first quarter. we are very happy with the result. the business is much more lean and focused. we should get the benefit of that going into the future. >> we also had discussion of potential asset sales. is that still on the table now that you have returned to profit? >> definitely not, we are very happy with our assets as a long-term holder. we see a lot of benefits and assets and holding assets. there is a lot of potential in terms of spending and getting more cash flow out of the business. we are very happy with the assets as they are. >> what about capital expenditure? you have returned to profitability would changeou have extra money to spend. >> this year, we are wrapping up cafex. the board has approved that in the last meeting. we should start seeing the benefit going forward in terms of cash flow. >

with anxiety, but returned to training earlier this year, and took part in their pre—season tour to abu dhabior the women's world cup in england next month. great to see her back in an england shirt. the main thing is to get her in the right place. taking it day by day at the moment. if the world cup is too soon, i don't know but it would be unfair to put pressure on sarah to make it back. we'd love to have her in the team but it's about getting her in the right place and we will support her as a team as much as we can in doing that. maria sharapova is guaranteed a place in the qualifying competition for wimbledon, after she won herfirst—round match at the italian 0pen. she earned enough ranking points with a straight—sets victory over christine mchale, and if she reaches the semi—finals in rome, the five—time grand slam champion, who's returning from a is—month doping ban, will qualify for wimbledon's main draw. britain's number three will face novak djokovic after being given a walkover. he his opponent called it a day in the third set. kyle edmund saw off his portuguese opponent in straigh

de londres abu dhabi la gente gana 38000,00 $ por cada dos personas. imagina. mucho dinero.l regalo para tu madre? te vamos a dar ideas de algunos regalos tecnolÓgicos. buscas a un hombre por tomarse fotos y ha sido indignado las redes y ha sido con un tiburÓn. seguimos con las noticias. ♪ ♪ ♪ javier: gracias por seguir con nosotros. comenzamos mandando saludos a toda la gente que ha compartido el mensaje del dÍa de la madre. vamos a andar -- mandaron sÚper saludo a susan. es una de las hijas que estÁ agradecida por el cariÑo de su madre. carolina: creo que no hay palabras suficientes para agradecer a una madre por todo lo que hace por una. tenemos algunos mensajes. justamente, tenemos ese que mencionaste de susan. javier: roberto ortiz comentÓ con nosotros "mi madre siempre me decÍa levantar la cabeza y adelante. te amo mucho". un gran saludo. carolina: tambiÉn, el mensaje tan lindo quemando dolores. dice que su madre la inspira porque es una guerrera y sobreviviente de cÁncer. aprovecho para mandar un saludo muy especial a leticia que sabiendo el noticiero. javier: por sup

responder preguntas en la casa blanca de los periodistas mientras recibÍa la visita del príncipe de abu dhabistró un avance nunca antes visto. sus caracterÍsticas indican que corea del norte estÁ más cerca de lo que se pensaba en tener un misil balÍstico capaz de llegar a estados unidos. andrea: este es el lanzamiento que ha vuelto a encender las alarmas. podrÍa tratarse de la prueba de misiles mÁs exitosa de corea del norte. fuentes de estados unidos dicen que el proyectil fue lanzado desde cerca de la ciudad en el oeste de corea del norte, volÓ sobre el paÍs por 30 minutos y cayÓ en el mar de japón. "esta es la primera vez que hemos visto un misil balÍstico de corea del norte alcanzar esa distancia", explicÓ este experto. el lÍder norcoreano se mostrÓ sonriente mientras realizaba la prueba. serÍa capaz de transportar una potente cabeza nuclear y alcanzar bases norteamericanas en el pacÍfico. esto es efectivamente lo que preocupa a estados unidos. algunas analistas opinan de que si fuera disparado en una trayectoria diferente, podrÍa haber alcanzado el territorio estadounidense de una pequeÑ

tracy alloway, abu dhabi. peter is still with us.tarted talking about the price of oil, this news has given the renewed emphasis. but if you look at the market, the net long positions have dropped. we are back at levels we had when the first joined cuts were agreed. is this a better basis for the market, if he gets the news in may that they have gone for another extension? >> i mean, i think one has to put the current oil market in the context of what's going on. it's very different now, the oil market, to what it was 10, 20 years ago. on the supply side, you have all sorts of other forms of supply, the main one being shale oil. but you've also got other forms of energy production. then on the demand side as well, you've got the demanding effected by certain things. go back a year and a half ago, to win the saudis drove the oil price below $30, trying to squeeze out of the market the shale producers. they succeeded in doing that. there was an absolute collapse in shale oil production. but you also saw a real problem with respect to p

on the political front president trump meets with world leaders including the crown prince of abu dhabiin his first trip. he will travel to israel saudi arabia. "fox business" will be with the present present on the trip reporting live. former fbi director james comey has been asked to appear in front of the senate intelligence committee and a closed hearing on tuesday. we will be watching for any information out of that as well. have a great weekend everybody. i will do it for "wall street week." we will see next week and next week we come to you from assault conference in las vegas. my favorite guest federal chairman ben bernanke. i will see you sunday morning futures on the "fox news" channel at 10:00 a.m. eastern. join me for that. the hit show "property man" starts right now. ♪ >> i'm bob massi. for 35 years, i've been practicing law and living in las vegas, ground zero for the american real-estate crisis. but it wasn't just vegas that was hit hard. lives were destroyed from coast to coast as the economy tanked. now it's a different story. the american dream is back. and nowhere is

during her three-hour visit in abu dhabi, she met with students and discussed the crisis in the region. libya is an issue of growing importance because the united arab emirates is deeply engaged there. germany has business interests in the region and representatives of the energy and air conditioning sectors are accompanying the chancellor. the emirates want to digitize and further develop the energy infrastructure they have built. that includes airports, harbors, and airlines. we are here to help. the delegation includes the head of list, who is holding talks with its competitor. -- the head of lufthansa airlines, who is holding talks with its competitor. host: i am joined in the studio by our chief political correspondent, belinda crane. let's talk about this whirlwind visit. >> according to her take, pretty much starting with the civil war in yemen -- as we know, saudi arabia has been deeply involved there. arab bombardment of killed a lot of civilians. she called for a stop to that quite directly. she said there must be a political solution. apparently, she met with some positive r

meanwhile president trump holds a meeting at the white house today with the crown prince of abu dhabi ahead of his first overseas trip as commander in chief. >> hannah, thank you. >>> this morning north korea claimed the missile it launched yesterday is a newly developed ballistic missile capable of carrying a nuclear warhead. this is just released video the north says is sunday's launch. u.n. surt down on stiecurity co expected to hold an emergency session tomorrow. >> reporter: according to u.s. intelligence, the medium range miss sl kn 17 was launched near north korea's west coast. japan's military says it reached an altitude of more than 1200 miles before splashing down into the sea. it landed about 60 miles off the coast of russia. it was the first successful test after a string of recent failures. the regime continues to test banned ballistic missiles despite worldwide condemnation. but the u.s. military says the flight pattern of the launch was not consistent with the intercontinental ballistic missile, the type that could reach the u.s. mainland. in january, north korean dicta

reporter: president trump meeting with the crown prince of abu dhabi ahead of his first foreign trips president on friday. when asked about picking a new f.b.i. director trump said it is good. president trump: moving rapidly. reporter: over the weekend candidates arriving at the justice department for interview as the white house continues to play defense. >> we have to be clear to the reason that the president took the actions he did. he knew that what he did could be detrimental to himself. it could lengthen the investigation. but he knew it was the right thing, the country, the right thing for thef. bottom of it. >> members of congress hope to hear more from james comey. >> the american people deserve to know the truth, as much if not more than the senate does. >> some democratic house members are calling for trump's impeach, citing his acknowledgment that the russian investigation was a factor in the comey firing and this tweet that suggest there may be tape of the conversation. >> it's legal to tape in washington, d.c. reporter: this legal analyst talk of impeachment is prematur

donald trump was just in the oval office with the crown prince of abu dhabi. he's talking right now. let's take a listen. >> i can tell you he loves this country, and i think loves the united states which to us is very important. thank you very much for being here. >> thank you. thank you. very good. it's very good. we'll be wrapping up. thank you all very much. >> president trump not answering substantially to the question of how the fbi director search is going and potentially who is at the top of the list but saying it is going very well and moving rapidly. let's bring in phil rucker of the "washington post." phil, i want to read a moment from an article you wrote for today. it says trump is in some ways like a pilot opting to fly a plane through heavy turbulence, then blaming the flight attendants when the passengers get jittery. you're talking about what happened last week when it comes to james comey and how it wasn't necessarily that the white house got enough of a heads up in order to spin this information to their advantage. after all, donald trump ca

right, tracy alloway their reporting on oil for us from abu dhabi. manus?: we have got to talk about barclays and jes staley, facing shareholders today. this is at the annual general meeting. his first public meeting with investors since the whistleblowing scandal that put his tenure at risk. to have a chat about this is michael moore. he goes in front of the agm. -- much -- these are british are very american affair. mom and dad can turn out for them. how much handwringing is he going to get? has he had the institutional handwringing behind closed door? michael: there are two avenues for shareholders to express what they feel beyond the meeting. there is focus on his own themction, which you had saying shareholders should abstain from that vote until the regulatory investigation is done, which could put pressure on that vote and you have the vote on the pay structure for the executives, including staley. those are the votes we will be watching. most people don't expect them to lose on either of those votes, but the margin of victory there is something to w

tracy alloway in abu dhabi. we should point out that the trump administration, through h.r. mcmaster, denies the "washington post" report is true. we will be speaking to mitch mcconnell at 2:00 p.m. u.k. time. no doubt, that's a subject we will broach with the senator as well. coming up, we break down easyjet earnings after the budget airline's first half earnings and revenue miss. plus, we will be speaking to the company's ceo, carolyn mccall, at 8:30 london time. this is bloomberg. the open is 15 minutes away. ♪ matt: welcome back to the european market open. 13 minutes until the start of cash trade. let's get the business flash. juliette: thank you. for the reportedly plans to cut about 10% of staff worldwide as the ceo faces escalating pressure to boost profit and a lagging stock price. according to "the wall street journal," the job cuts are expected to be outlined as early as this week. for says "we have not announced any new efficiency actions, nor do we comment on speculation." billionaire paul singer's elliott management has set out new demands to change at bhp bill

reporter: this is what that future is supposed to look like, according to the abu dhabi investors, andleksander vucic. president-elect vucic: there'll be a 200-meter-tall tower in the middle -- belgrade's next landmark. there used to be mice and rats scurrying around in this area. snakes, even. but now it's been cleaned up. reporter: true enough, although there was no public tender for the exclusive development. for most people in serbia, that's business as usual -- including vladimir markovic, until he had first-hand experience of the project's less savory side. at 2:00 a.m. on april 25, 2016, surveillance camera footage showed a digger approaching -- accompanied, say eye witnesses, by a group of masked men. they were there to demolish a block of buildings in the savamala district. they included the premises of vladimir markovic's haulage firm, which were razed to the ground, as were the properties of other local businesses. the demolition squad arrived without warning. fortunately, nobody was inside the buildings at the time. mr. markovic: i went straight to the police. but at the st

tracy alloway, avenu abu dhabi. if you want smart analysis throughout the day, and alive ego -- mliv go. you get a lot. the market live is running throughout the day around the world. coming up on the show, we will speak to the ceo of the german company reported earnings this morning. had we will hear exclusively from the italian finance mr. about -- finance minister about challenges facing the banking industry in his country. this is bloomberg. the open is 19 minutes away. ♪ matt: china has laid the framework for its new east-west trade route, known as the belt and road initiative. president xi jingping welcomed world leaders and business figures to beijing, describing the plan as a project of the century for china. our china correspondent tom mackenzie joins us now. take us through the details of this grand plan we are hearing about. -- it is a grand plan. we have had presidents in town. notably, we haven't had any g7 leaders, other than italy. fully have had in terms of the details, we heard from president xi jin

i like to say that i wish i could just call people up in abu dhabi and singapore and say send me theoney, but i have to show up. people want to put money in private equity because they think the returns are likely to be higher than any other asset class and they think the risk reward is better than anything else. money is coming in. people want to be in the first part of your fund. we don't want to get shut out. it used to be people used to wait until the end and only want to come in, they might not. now, they want to make sure they get their fair allocation. it's a good time to raise money. jason: that was david rubenstein of the carlyle group. one of the themes was the amount of money pouring into the private equity industry. i asked hugh macarthur, the global head of private equity what that meant for dealmaking going forward. hugh: fundraising returns to be strong and returns are up. the dealmaking has been very difficult because of tremendously high prices that have continued to persist in the industry. really providing a lot of headwinds for our investors trying to get a lot of

president trump is meeting with the crown prince of abu dhabi as we speak right now. i want to take a look at the markets because so far so good right here, up nearly 100 points, a lot of 52-week highs. you've got the s&p 500 up almost 12 points, nasdaq trading up about half a percent. i do want to point out cybersecurity stocks, they are also soaring because because, o, that global hack attack which we will have more coming up on, how you can prepare and secure yourself. this is the future, folks, and this is why these cybersecurity stocks are rallying right now. we need to keep our computers online safe. i'm trish regan. welcome, everyone, to "the intelligence report." now as we await mr. spicer, i want to bring in the panel for discussion, american majority ceo ned ryan, i've got former obama campaign foreign policy adviser for you david that furry. ned, let's start with you. let's talk about fbi replacements. short list. ray kelly, i keep hearing from a lot of sources, is one that is very well regarded, considered independent and might, might actually have some tr

japan'se in news today, softbank says it is close to reaching its $100 billion target for its abu dhabiwe'll have more free you on the iranian elections later in the show. in the

he also meets today with the crown prince of abu dhabi and tomorrow with turkey's president, reese yip erred war. >>> later today, a federal appeals court will hold a hearing in seattle to decide whether to uphold the president's travel ban. the ninth circuit already put the first ban on hold. will this time be any different? let's go live to washington, d.c., and bring in cnn justice reporter laura jarrett. laura, what do you expect today? >> reporter: hey there, christine. so, for the second time in just a few months, the fate of the travel ban is back up for debate in the ninth circuit. in just a few hours with the trump administration once again trying to get the president's executive order back on track. but the main question the judges have to wrestle with this time around is whether they can look at trump's campaign statements about muslims to find that the executive order was motivated by some sort of discriminatory intent when the face of the order doesn't say anything about religion at all, christine. >> do we know yet which judges on the ninth circuit will be hearing this ap

proclamation in week of national police and welcomed recently the crown of abu dhabi. he united states and the eae recently -- uae is working more closely together to address security threats. the president hopes to work to regional conflicts across the region. his is the president and his highness's first meeting and will discuss trade and investment and regional security issues. of the meetingon we'll have a readout. later this afternoon, the vice president will swear in robert hazer as the united states trade representative. at as spent decades working the highest levels of american trade policy including as deputy representative under president reagan. he president is glad to have a qualified individual in place as we fight for better trade deals hat put the american worker first. now that he's on board this straight he's getting to work. tomorrow he will have a series capitol hill and thursday he'll travel to vietnam for meetings. his swearing in after a show of obstructionism by senate democrats, his cabinet to fully place able implement the president's across th

investors, abu dhabi, qualcomm, apple, foxconn also investing.ynot mentioned ellison of oracle. has not clear whether he put money in or will join at a later stage. yes, finally they announce this $93 billion in plant to bring that up to $100 billion in the next six months. haidi: what are masayoshi son's plans for the fund? >> he has had an ambitious investment record. ,e led the investment into didi the chinese ride hailing company that competes with uber. softbank put $5.5 billion and that venture. he has been active in india, southeast asia, and he sees better opportunities now than he has seen before, and he has made interesting investments in the past few years. he was an early investment in yahoo! also, he was one of the early investors in alibaba. million dollars and now has a stake worth $90 billion, one of the more his -- historically successful venture bets of all time. we are seeing some nosebleed valuations be at what does this do to that situation? >> there is a lot of concern about that. this is a $100 billion fund venture andpriva

rishaad: abu dhabi will invest as much as $15 billion in a soft fund. up fundingll wrap into-three weeks. weeks.-3 a low airasia is planning .ost carrier for china they have already launched carriers in several asian countries. they will invest in a low cost carrier terminal at a major airport. rishaad: we are getting to the ongoing story of the global cyber attack claiming new victims. this time, it is in south korea. there have been nine cases of damage from this rant somewhere. -- ransomware. we have also had problems with the u.k. and russia. let's get you back to the data, industrial production. [indiscernible] saw?is it that you commoditieshinese recovery has ended. industrial production is clearly disappointed. it was 6.5%. rishaad: that was compared with last year. guest: that is true. pmi i am looking at is the data from last week for telling today's data. a lot of us any of actuaries -- will of manufacturers continue to see this for a couple months. rishaad: let's stick with us. is this why we are seeing iron ore prices under such pressure? so

we are told the fundraising may wind up next week with interest from saudi arabia and abu dhabi and fromluding apple and qualcomm. softbank plans to contribute at least $25 billion of its own capital to the vision fund in the next five years. since the year rally arrival of the iphone now sees the company worth $800 billion. shares have continued to rise even as the company reports slowing sales. they climb to 33% this year so far, adding $185 billion to its market cap. another company has raised its 12 month price target to a high, implying a market value of more than $1 trillion. the world's second-largest builder is surging after splitting off a business. this helped cut debt in half and reduce its debt equity 95% from 106. the breakup will allow the group to streamline operations and make it easier to grow individual units and attract investors. mitsubishi motors expects to turn a profit in the grant financial year after posting its biggest annual loss in more than a decade. the carmaker is recovering from a fuel economy scandal that prompted a rescue by nissan. mitsubishi says it se

haidi: the investment arm of the sovereign wealth fund of abu dhabi is going to invest as much as $15e seoul-based vision fund. they say it is a significant return, and they will make their investment over the next five years. softbank will wrap up in the next two to three weeks. $95 billion of commitment so far. betty: china laid the framework for its new east-west trading route known as the belton road. the ministry described as the plan of the century. tom, take us through the details of this grand plan. that is right. president xi really letting out his plan for a chinese globalization of investment and infrastructures that will link china and asia to the middle east, europe, and africa. he announced new funding for --s initiative around $78 $78 billion u.s. he also wanted countries involved with this to sign on to his vision of how this is going to unfold. amongst leaders we had presidents of russia, vladimir putin, the turkish president erdogan, the prime minister from pakistan. heraldedsigned on and this. we did not get members of the g7 other than italy. there are concerns in

bank's first abu dhabi ceo has been speaking to us, and they expect more mergers.lso expecting to enter the saudi market. a some of those comments, when you look at the saudi market, potential for m&a in light of this economic transformation story, which ones are the big contenders? which ones standout? ali: i think the banking sector could see some consolidation. --t banking sectors never the top one or two banks are sizable in terms of balance sheets and loan books. but then you go to tier two and three banks, where the market is more fragmented. there is a case for consolidation among tier two and tier three banks. i think something was announced on the lines of that. to see consolidation. some more coming in the uae. yousef: where do you see capital inflows going from here? ultimately, the saudi stock market has been trying to open to foreign investors. if you look at demand for saudi ofds, there has been a lot appetite. it has definitely outweighed supply. when you look at the stoxx, it is a different story, because that has been slow to gain momentum. what wi

>> abu dhabi prices have come off a little bit. they will be launching a batch of new sales. prices are bottoming out. are this yearns to see that inflection point in retail prices. we should end the year with prices flat or maybe slightly up. this should be the year were prices stabilize. that should set the stage for recovery in real estate prices over the next couple of years in the run-up to expo 2020. yousef: next, president trump signed deals worth billions of dollars in riyadh. that is ahead. this is bloomberg. ♪ these days families want to be connected 24/7. that's why at comcast, we're always working to make our services more reliable. with technology that can update itself. and advanced fiber network infrastructure. new, more reliable equipment for your home. and a new culture built around customer service. it all adds up to our most reliable network ever. one that keeps you connected to what matters most. ♪ yousef: welcome back to "best of bloomberg markets: middle east. saudi arabia welcomed president trump with deals worth tens of millions of dollars. it was his

more from abu dhabi. >> reporter: good morning.t's just a few days away before trump heads to israel. members of congresses are looking at other ways to fight iran, including hezbollah. i had a chance to catch up with the president of the central bank. let's take a listen. >> we are worried. and the difference is that this time we need to get in contact at the level of the country as a whole, because the amendments are having more targets which can be a problem and difficulty for us, in lebanon. and for our banking secretary. so the lebanese government is going to put up a strategy to be able to communicate with the united states. and try to explain the activity. as it is abois abrupt, we are s waiting. and the only initiative taken by the parliament, and also by the banking exercise that they will be present in washington next week. so, we hope that this -- this amendment can be softened. >> when you talk about working as a whole, lebanon finally has a full government. you have a president and speaker of the parliament. obviously,