yousef: i am yousef gamal el-din .aking ingarde is dubai, saying the fund must old resilience among global uncertainty. she says she does not see oil prices returning to pre-2014 levels. that is a key line there. lagarde is also saying the low oil prices are still affecting growth and government revenues. sort of a reality check then, isn't it? tracy: interesting. a lot of people would argue the opposite, that low oil prices are good for economic growth. she is also saying that exporters need to lower taxes and diversify sources of revenue. this is a theme we are very familiar with here in the middle east. let's expand our horizons a bit and go over to greece. there is, of course, pressure to meet a february 20 deadline to complete a review of its bailout terms. there is a chance they will miss it, setting the stage for potentially tough negotiations ahead. still with us, the chief economist for the oman investment funds. it seems when we come to europe we have a laundry list of potential areas to worry about and some

i am yousef gamal el-din.racy: and i'm tracy alloway. this is "trending business." we had no event for a week. -- this is "trending business --"bloomberg markets middle east this is"bloomberg markets middle east -- this is "bloomberg markets middle east." we had a very eventful week. increaseds, the rates by six to 597. that means that u.s. rates are off to the best start since 2017 began. so that is the best start in five years. look at that. look where we have come from theremid-2016 all the way in mid-february. you see it there. that is your reference line. that is wti. interesting, tracy, here, we had the gas line and column and they said, you know what? traders are not caring about these numbers, including the inventory bill from last week. is right.t we had investors look through everything happening in the almostoking -- focusing entirely on opec's production cuts. let's look at where markets close to your eyes josh closed in the u.s. last week. the dow jones average basically unchanged. the nasdaq up .

shery: i am yousef gamal el-din in dubai.heinz has scrapped a $143 twoion bid for unilever days after became public. kraft says its request for friendly talks were rebuffed. su keenan reports on what could have been the industry second-biggest takeover. was a short courtship, kraft heinz pulling its 143 billion dollars bid for unilever , saying the company's reluctance to engage in talks had resulted in its decision. statement, kraft heinz spokesman said the whole idea behind the bid was to start or proceed on a friendly basis. to theng to people close matter, there was a decision to pull the offer made by 3g couple and berkshire hathaway which own half of kraft heinz. a person close to the matter said it was a view that a friendly transaction was now impossible given unilever's reaction. believed a protracted war of words not and kraft heinz's interest. they said the bid was amicably called and both companies would have time to reconsider. streets a view on wall that this story may not be over. take a look at the charts, the

i am yousef gamal el-din. yvonne: i am yvonne man in hong kong.arkets, a word of caution before donald trump takes to congress this week. if we don't hear any concrete details on fiscal spending coming out of the trump administration, markets could be right for a correction. there is plenty going on, as always. thehighlight has been market jumping 18% in the first day of trade. this is part of vision 2030 and the kingdom, pushing ahead with a series of reforms and want to make foreign investors part of the story. you are looking at 4% foreign investor participation in the tadawul. open it up further, and that is that latest in reforms. in my conversations with ceos, they were telling me that this is great news, but the reality is that performance of a lot of these companies will be closely tied to sentiment, and specifically how oil prices trade, and that will not go away anytime soon. the other big thing is the story around saudi aramco and the valuation. you have no idea. this was front and center of the discussions on the side, how bible is sau

les repito que la advertencia deevacuacin voluntaria ha sido cancelada sin embargo autoridades din que continuaran monitoreando el caudal del riosan frcisquito. tamn dijeron que la calle bayshore road permanecer cerrada hasta nueva orden. melissa on cam pero ahora s invita pasar con mi compaÑera gabriela dlan

i am yousef gamal el-din. tracy: i'm tracy alloway.iyadh.you are in that is not your normal place. what are you doing here? are not here to look for oil barrels. the story here is about the stock exchange. they have the biggest stock exchange and they are pushing ahead wiith the series of reforms. part of it is to make it deeper. part of it is to perhaps repair as well for the delisting of saudi aramco, but also to diversify away from its dependence on oil. the new parallel market they are is arabichere, tracy, for growth. it requires a market value of at riyals. million saudi and they are offering a percentage of at least 20%. of course, all of this again part of the broader efforts to try to prepare the market for the emerging market inclusion. it shows regulators are serious with moving ahead with bold, constructive reforms. the realtors have not really bought into the stock market story. yousef, one reason they are not buying the story may be oil. take a look at the chart i have prepared for you. i know it's a clichÉ to talk about

i am yousef gamal el-din in doha.ry: i am shery ahn. , solid growth, but missing estimates of 5%. quarter on quarter for indonesia declined 1.7%, which was less than expected it by analysts. again, gdp growth for indonesia eight year on year for the fourth quarter at 4.94%. inkets across asia trading the green right now. let's get you the latest breakdown with sophie kamaruddin . sophie: regional gain supported by asian banks following wall street given trump's plan to roll back regulation. the hang seng up .6%, chinese lifeers gaining with china climbing 6%. elsewhere, the asx 200 erasing earlier gains despite the fact and gold miners trading high. we aree dollar's slide, seeing yen strength gaining ground, so some pressure on the nikkei 225 because it has spent most of the morning on the front foot. taking a look at movers on the nikkei 225, yahoo! up 14%, japanese banks a bright spot in japan. ufj,enders like mitsubishi sumitomo mitsui advancing given robust earnings out of that sector. , trading atfj up 4% the hig

i am yousef gamal el-din in dubai. i am shery ahn and hong kong.autious trading ahead of president trump and janet yellen's speech on friday. take a look at the gmm function, the nikkei has gained this session on the back of a weaker yen, but the dollar has been stalling. there could be some strong selling of the dollar due to portfolio rebalancing flows on the last a of the month. trading belowlar $.78 despite strong overnight gains and a jumps and corporate profits. commodities, rubber leading declines, inventories pretty high in china. it is all to do with president trump and what he has called his public safety budget. yousef: yeah, if you look at how , the 10asury yields year slightly higher as we await more details on the spending priorities. in terms of government spending, how things have worked in the past. pull it up on your bloomberg. this is the chart that tells the story, democrats versus republicans. traditionally, the democrats would have ended up with a balance to budget. the republicans usually with a bigger deficit. , a can s

i am yousef gamal el-din in dubai. shery: i am shery ahn in hong kong.t has just gone midday. markets gaining ground, south korea leading the pack, take a function.r gmm japan's nikkei up .7% because of this slide in the yen, down .5%, also the boj buying etf's and the past three sessions. surging 3.5%, rising three consecutive sessions, the highest level since may 2014. it is all to do with what investors are thinking of right the and it seems to be political environment europe a key focus here. yousef: it is definitely a key focus and point of our discussions. we look for the latest development in terms of the french presidential election, greece. this is the chart you should pull up, the latest recommendation coming from one of the biggest banks in terms of how you can hedge against the political risks out of france. follow it up on your bloomberg. they are suggesting you go straight into the dax, going back to 2011, your money would have been better off there. you can keep your exposure to the reflation trade, but let's do some of these numbers

i'm yousef gamal el-din.id progress in the united growth janet yellen says may warrant higher rates of this year regardless of president trump's policies. we discussed how that will affect the middle east. saudi arabia says it has cut crude output the most in eight years, but opec disagrees on the number. protectionismof worries the global shipping industry, but this man sees clear waters ahead. and the finance minister says he season and to the surging end.tion -- sees an he expects the soft sustained decision to float the currency and raise fuel prices. >> we knew we were still peaking when it comes to inflation. it could go to march, but all the reductions rather than demand, which is in this case becomes more worrying. the talks are something we knew all along there is basically the devaluation and the other elements as well. >> let's talk about the performance of bonds in the secondary market. you are excited about that. >> we have seen a good performance during the offering itself. covering what we have

yousef: i am yousef gamal el-din in dubai.rom the property developer, residential, commercial construction, infrastructure services. at 3.4 one billion dirham. a much wider loss than bloomberg analysts had anticipated, 2016 revenue with 7.6 6 billion s, so revenue slightly higher. the board approved a restructuring plan, planning to s, also.5 billion durham' saying there is a full commitment by the investment firm. nursing nonrecurring operating a nonoperating expenses playing into the loss amount. you had zero analysts recommending a buy. it has been holding up fairly steadily over the past two months. even though it was down almost 2%, we will see how investors react to the latest batch of numbers. let's get you a quick check of the business flash headlines. fights over president trump travel ban for residents of seven majority muslim countries looks set to go to the u.s. supreme court. the uae minister for tolerance set outsiders need to respect the will of u.s. borders. >> if there are any concerns are you see some of the

he said i will not be attending the white house correspondents' association din they are year. please wish everyone well and have a great evening. break this down for us athena. i think there was a suspension this might happen. there were obviously this is an event where you have so many celebrities who go and you had a lot of them saying we're not going this year. because of president trump and there was a, i think an open question about whether this event was going to end up being completely different than it had been in the past. >> absolutely, brianna. i don't think this comes as a huge surprise, you talk about the celebrity saying they may not come. also some of the big parties of that weekend, the host of the parties said they were not going to be hosting the parties. we're talking about a dinner taking place, scheduled to take place the end of april. it's a scholarship and awards dinner. a dinner that the preds, whatever president, has traditionally attended. the president traditionally giving a funny speech. sometimes poking fun at himself. as well as the media. that's

din i didn't learn until after he passed. he passed when i was 23. i do remember my mom and studying with her. i would ask her the questions. and how many stripes are on the flag? how many stars? and so i saw firsthand as a kid what she was doing. i didn't quite understand at the time until i got a little older. and know firsthand because i'm an attorney and i represented immigrants that were in danger of being deported how important it is. so seeing her go through it, seeing her become a citizen, she's a huge voter. always believes in making sure she votes. really impacted me and in my ability to not only vote but really to understand the importance of what it's like to have the privilege to be a citizen here and because i've been a lawyer, i've seen people being deported, i have family here who has come. a lot of them stayed at our house when we were growing up. i've been through the process. some still living in the shadows. others are the products of immigration. so immigration is not something i'm learning, i live immigration. >> for your siblin

bloomberg markets: middle east anger yousef gamal el-din -- anchor yousef gamal el-din joins us.ves us a bit of a health check on how the opec non-opec agreement has cut back on the industry overhang. in terms of the data, pull up the chart and take a closer look. the api is said to report a bill of 9.9 4 million barrels last week. your mina blue is a reference line. that is the price of wpi. that is the critical line. u.s. crude inventory. you can see toward the end of last year, take a look at that site. your inventories are building. the highest levels, highest level in three decades. the inventory dr drawdown not happening. what is interesting to point down is that we have comments from the vice-chairman of ihs market and he is saying the higher prices following the opec cut will help u.s. production growth by 500,000 barrels per day is here and he is forecasting 50 to $60 per barrel by the end of 2017 he would also, the latest move from the obama era anticorruption role which force the oil and gas companies to disclose payments from foreign governments. that is arguably goin

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th cnge, the le oe'te yyle alwi la thstes din iorti. ur fute.,ishehaers?the le oe'te yyle alwi la thstyon' irvises gos anfoune an dnsigern perso ha >>> we've got a news alert on what big investors are buying. >> thank you. david tepper makesome bigs bets on pharmaceuticals. buying 5 million shares on teva and more on pfizer. it is also clear, hedge funds like banks. big banks and if we can be more specific, they like bank of america. we saw more capital tiger management and third point all adding more than a million shares each in b of a. we saw some funds taking stakes in other banks such as citigroup and jpmorgan. they are first since the election and it is clear that investors believe bank there's benefit from both higher races and looser regulation. tech was an interesting play this quarter. we mentioned earlier, berkshire hathaway tripled its position in apple but other funds were less specific. tepper cut his in half. we saw a lot of sales in amazon, facebook and microsoft. back to you. >> we want to talk about had karl icon. he is down 12% versus th

we have to go to din din some time.lays the waspy mother of chris noth, the governor. very la de da lady. >> stockard. >> no, not stockard. >> oh, mary beth peel. >> i sawer in the show and then i watched follies and she's in the show. christine baranski, michelle kill and robert king. you seem so normal to make in the the business. i don't know how a normal couple makes in the hollywood. anyway, congratulations, i hope it's another huge hit. it was the best show on broadway, i hope you do it again. >> you'll come back and go on it, right? >> you know me, i'm easy. gore vidal was right, nobody turns down television or the other thing. anyway, thank you. >> thank you so much. >> thanks very much. >>> when we return, let me finish bob michael, the long-time republican leader of the house of representatives. you're watching "hardball." new bikes aren't selling guys... what are we gonna do? how about we pump more into promotions? ♪ nah. what else? what if we hire more sales reps? ♪ nah. what else? what if we digitize the wh

yousef: i am yousef gamal el-din in dubai. has been told that donald trump's national security adviser michael flynn has resigned over his contacts with the russian ambassador to the united states, and ongoing story, ongoing concern. was us a sense, this largely anticipated in terms of turmoil. again, the resignation might not have been. give us a sense of the magnitude of setback of the trump administration. >> yeah, this is big. we are three weeks into the administration and they have had a major loss in a key position, national security advisor, which is the closest adviser to president trump on terrorism, national security, even the border. michael flynn came into this job is a highly regarded general. he had run the defense intelligence agency at the pentagon and work for barack obama and was thought to be quite highly qualified, but he did get himself in a jammed with with theversations russian ambassador of the united states, where it appears he talked about the sanctions leveled by barack obama and hinted that trump wo

yousef: and i am yousef gamal el-din.t business flash headlines, the national bank of abu dhabi sources have told us 60 senior managers will run the new combined company, the emirates two biggest lenders are working to complete a merger worth $175 billion. abu dhabi wants to compete with rivals and bolster its ability to lend as it grapples with lower oil prices. foreign investors bought more than $250 million in egyptian treasury bills and equities in a single day, the moves of further sign of growing confidence as egypt secures that trail billion dollar loan from the imf. investment slowly returning since the pound was floated in november and the currency lost half its value since then. stock exchangear working to implement shortselling by the end of this year, following plans by abu dhabi and saudi arabia. most shorting is done by hedge funds and institutional investors. discussions on the benefits of ipos with local family-owned businesses are bearing fruit. , we haveu know, qatar a lot of family-owned companies in th

take sot johnny dellagedeptoomberos san jos water will continue to rise...con vo/melissa autoriades dina recir llamadas los sidentes de esta zona a eso de la 1 de ltarde dicido que el agu empez a subir pues el arroyo cote queda justatrs de estos edificios melissa on cam dicenue toman la deciside evacuar a estas personas por miedo que el aguacausar cortocircuitos altocar las confecciones elctricas en la planta baja del edifico y pormiedo a que niÑos caigan en elagua. melissa hernndez t48 melissa out cesar --- muchas gracias melissa, perola emergencia no solamente ocurri en la ciudad de sanjos, la represanderson tambin rebas su capacidad mxima afectando varias zonas en morganhill, incluso la autopista 101estar cerrada en un tramo hasta maÑana a las 11 de la noche --- angel on cam la represa anderson se desbordy ocasion que la corriente del arroyo coyote crecra al punto dllegar hasta la autopista 101 a la altura de la calle baily.... take vo aqu en la ciud deorgan hi. al borde de la autopista hay un canal que contiene de alguna manera los desbordaentos, ro tampoco hatenido la capacidad de

i am yousef gamal el-din in dubai. in hong am shery ahn kong.has tapped a number of goldman sachs employees to join his administration from his chief strategist steve bannon to his treasury secretary. but talking with caroline hyde, goldman's president david solomon says for executives are more likely to sean the firm then show favoritism. -- shun the firm than show favoritism. >> we operate in the environment -- haveto give operate to operate in. we try to advantage any scenario. when there was massive regulatory change after the financial crisis, a lot of it came with the purpose of giving assistance, and that is positive. because it happened quickly, there are a number of rules and things that have happened that have an impact on the functioning of the banking system and the market and economy. in hindsight eight or nine years later, you say, that is not optimal. are there things we can do to improve lending especially in midsize businesses with growth? is there stuff we can do with market liquidity? we can visit some of these things. we can

she was din tension in texas. she was -- detention in texas. she was transferred to a federal run detention center but her family says she has limited contact outside. last night a dallas attorney was unsuccessful in meeting with her. >> i am not going toea and find my client dead. it is not acceptable to me. she has a right to counsel. we live in the united states of america and what they are doing is violating the united states constitution. >> i.c.e. released a statement that says the detention center has a medical staff and emergency care. >>> okay. coming up. she is in china, coming up, where she is and what she is doing. >> a football coach says he was fired after he was fired for a social media post . >>> a story that is getting a lot of attention on social media. former nfl player and his wife are speaking out after he was fired three weeks after being  hired as a football coach in the atlanta area. they believe the firing was for a social media post from three years ago. >> reporter: two months of unending questions. >> i didn't lie

les repito que la advertencia deevacuacin voluntaria ha sido cancelada sin embargo autoridades din quenuaran monitoreando el caudal del riosan frcisquito. tamn dijeron que la calle bayshore road permanecer cerrada hasta nueva orden. melissa on cam pero ahora s invita pasar con mi compaÑera gabriela dlan para que nos diga que podemos esperar en cuanto a lluvias para el resto de la noche.gabriella :01 :10 gabriela live vo/cesar ---la situacin se ha tornado crtica en san rafael luego que vo/cesar ---la situacin se rnado crtica en san rafael luego que un rbol cayera sobre una casa causando un gran destrozo en unade las propiedades... ---el hecho se habra reportadoun poco antes de las ocho de la mañana sobre la cuadra dos de laavenida mountain view... ---ms adelante nos enlazaremoscon nuestra compañera ''pilar niño'' para que nos de detalles de este incidente... blanca ---un tribunal federal de apelaciones escucho argumentos orales para determin si se lenta una orden judicial nacional... take vo sobre la prohibin d presidente donald trump contraciudadanos de 7 pases de mayora musulmana. ---

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he had been on cum din -- can you madin -- cumma din, had a heart attack. three years ago, a doctor told my dad he needed immediate surgery or he's going -- he was going to die. that was an intense time. he went under two valves repair; he's alive, and he's my ironman, my hero. that's what heart health means to me. >> stephanie's story there, certainly an emotional one. if you want to avoid some of the drama that comes with find out too late about health issues. you can check out a number of free screenings we have going on the list is on our wusa 9 app. >>> straight ahead. you're running out of time to see the queen of soul in concert. we'll tell you why. >>> an arizona woman has been deported. why she's the first person to be forced out of the u.s. as part of donald trump's crackdown on ilgal immigration. >>> after the break. we revisited a maryland county that voted overwhelming for trump in the presidential election. we're going to find out how happy they are with his first few weeks in offic fios is not cable. we're wired differently.