if they bring it, let somebody suggest it in the gcc and we'll be part of the gcc. but that's not happening. in fact, they did it with qatar. and when you are talking about islamic brotherhood and egypt, islamic brotherhood, it is a big name, with-- of islamic brotherhood, some of them, they are part of the nation, everywhere. and the parliament, in some countries. and some of them is using aggression which we don't agree with them. and some of them is peaceful, so we need to-- we need to identify, you know myself, i'm against these groups by anyway, personally. but to take that reason against qatar, how we support them? the egyptian people elect them in egypt. and sisi and the army throw them out. >> rose: president sisi. >> president sisi and for us, our i mir was one of the first people which he support sisi when he come, at that time. because that egyptian-- but their problem, they have so many problems inside. and they need to blame somebody. do you think qatar has the capability to do the economic situation as what it was or what it is now in egypt? despite al

gcc.harlie: gcc is the gulf countries consulate. sheikh hamad al-thani: yes. nobody even brought that thinking, to close embassies. if they want to, it would be part of the gcc, but it's not happening. when you are talking about the islamic brotherhood and egypt, islamic brotherhood is a big name with varieties. some of them are part of the nation everywhere, and in the parliament of some countries. some of them use aggression, which we don't agree with them. some of them are peaceful. we need to identify -- myself, i -- but the take that reason against qatar,? how are we to support them president ceci and army throw them out. fine. for us, our amir, he was one of the first people to support sisi. but their problem, they had so many problems inside. do you think qatar has the capability for the economic situation as for what it was or what it was in egypt, despite all the billions being given from other brothers in the region? i'm not sure -- the egyptians need to work inside egypt more an

because the gcc's bond markets are supposed to be merging.ve been going to great lengths to attract foreign investment, mobilize the private to put themselves on a sustainable path and diversify away from oil. this scenario clearly would be damaging for everyone. ,ven if the focus is on qatar and they may be the biggest loser, so to speak. it is not good news for anyone in the region. bonds of not been too badly hit. that it is true that the sovereign international bond, especially in the longer data paper, they did come under pressure. foreign investors also playing a key role here. is this diplomatic -- if this diplomatic row continues, what happens to qatar and the rest of the gcc market? that is what we are trying to figure out. we are dealing with nations with massive reserves, north of $3.2 trillion or thereabouts. -- financial sources are resources are enormous. the ratings are also very high. in the short-term, you are unlikely to have fiscal or financial concerns. people are thinking about the longer-term impact. however this affect

to remember that kuwait is different from the other five gcc countries.ack toe a the dollar. there is an undisclosed basket of currencies so it has more room for maneuver in monetary policy. kuwait's stock market has done pretty well in the past few months. they are showing this amazing rise. at the seen this surge highest level since 2015 or so. it has been pretty solid. when it comes to stock markets across the gulf, after the fed rate hike, we saw it pop up as well. does that mean that this rally in the markets could be sustained? >> i think so. there are two elements. one is the oil price. it has been quite volatile of late. people have gotten used to this. they're gone back to the stock market and our training on the fundamentals rather than negative expectations. furthermore, it is the process of diversification out of the oil extraction factor. this favors the companies across the spectrum and this is reflected into the prices as well. >> when you look at some of the key metrics for debt, inflation and the peg which has been around for a few decade

gulf called the gcc, cooperative council, formed in 1981. what is it, and why is it a factor in what we are seeing today? gcc is an alliance of the six gulf countries -- saudi arabia, kuwait, bahrain, qatar, united arab emirates, and oman. as you said, it has been in existence since the end of the iranian revolution in 1979, and that triggered, provoked a response on the arab side of the gulf to band together for a common defense and security needs. years, last 30-plus these countries have been working together. but there is a misconception about the gcc, that these are monolithic, that they all share ,he same political security, and economic views of the world. and that is a little bit of a misunderstanding, because in fact, they are different, and they do have different perspectives. but the bottom line is that from a u.s. position, from where we are in terms of our own interests in promoting security and stability in the region, the gcc is and has been forced to support us come to work with us, to cooperate with us on these issues. host:

and the gcc.ut what we saw actually when trump was there was he focused his attention on saudi arabia, and the uae, perhaps ignoring qatar a little bit which suggests that trump is focusing his policy more on those states in defense of qatar as opposed to the weaker states of gcc. >> why did this escalate so quickly all of a sudden? last time we had rifts between qatar and the rest of the gc c countries back in 2014, and we doesn't see a cut in the transport ties. we didn't really see qatar as being expelled from the other gcc countries. what we merely saw was ambassadors were being expelled. why this escalation now? >> i guess there's been a longstanding tension between the members and the other gc c members, particularly the saudis and the emirates. that stands from two areas, the support for islamists across the region with whom many states have had a complicated, complex relationship. i'm talking predominantly about the muslim brotherhood and hamas. and the palestinian movement based in gaza.

last week we did see gcc shareholders selling off their qatar exposure.ered the new week, what stopped eating is going to trait most heavily? we hear a lot about banking stocks in qatar. that's one of the most important stocks. you have an index that is heavily composed and influenced right to of the biggest banks in the country, which are qatar national bank. we have a decision in the uae which we just mentioned, here in the show, that brings more estrogen at the and sanctions. there are six names and the list of the uae decision. of course we should seek an impasse of those stocks. they are liquid, the biggest stocks in the market. those are the ones that will be on the focus of investors right now. disruptiony briefly, of trade, which stocks are most exposed going into this week? guest: i would stick to qatar national bank. the main focus right now, this is the biggest bank in the middle east and it is the biggest stock in doha. so that's it. tracy: thanks. that's this week's edition for bloomberg markets middle east. yousef: we will be back same time

let's take you back to what's happening in the gcc. qatar is already open, doha has started trading, and it is sharply to the downside. we have in your 6% move, 5.7% off this morning. we are starting to see an effect, one group already suspending as of tomorrow. qatar is a major hub, one of the major gulf carriers, and it will be interesting to see what impact that has in terms of its destinations and ability to act as a hub. will there be a ripple effect around the gulf? we have seen the effect in the oil market, it has faded a little bit. brent is still trading around 1%, nymex trading up just over 1%. but the story surrounding the gulf markets is one to watch as they start trading up. we will bring you details on the impact we are seeing. let's get back to our top story, the terror attack in london saturday. nejra cehic is standing by at london bridge. let's start with what we know. how is the police investigation proceeding? policehe investigation is ongoing. 12 arrests have been made, one arrested has been released without charge.

if you look at this chart you can see gcc over treasuries.ntinue to tie in versus the oil price -- tighten versus the oil price. what is going on here? when i look at this chart i think reach for yield. there is probably a case for that. it is a dilemma we have worked with your it -- worked with. we looked back at prices at the end of 2013. you look where the prices are now. points whereasis they were previously. other than saudi which is 20 basis points wider. what you had is a deterioration in oil prices from 110 down to -- wet the prices have see this as a consequence of the global liquidity in the market. that liquidity is spilling over into the region as well. what you are having is credit , thenglobally compressing gcc follows that, notwithstanding what we see as a steady deterioration in the environment in the region. that is the dilemma where we have credit space getting tighter and tighter and oil prices are significantly below where they were back in 2013 and 2014. you also have to think, back then they might've stole some contagion

the pressure, as he said in the introduction, talking about expulsion from the gcc.ronym, but it is important. it is the credibility gives some of the individual states. it is extraordinary how vulnerable as they like that if which really has nothing apart from gas and it has vast quantities of gas but apart from that, it really is very much on its own. completely. again, gained some significance in notoriety when was awarded the world cup. it has the world in five years time. what you feel in this whole debate is that qatar will have to give up something symbolically to be seen to be almost kind of assuaging some of the concerns from some of the other gulf states. it could give up the world cup, it came out with official report the other day relatively unscathed so that may not be it. interestingly language or so. just quote the uae's foreign affairs minister saying that we invite the brother to choose his surroundings, honesty and transparency in dealing with the issue. we have long suffered from the brothers conspiracy to undermine our stability. there is no pulli

there is any role we can play in terms of helping them address those, we think it is important that the gcc remain unified. >> just two weeks ago, donald trump visited t the middle eaea. the middle east was already divided before his trip. they must leave the countries within 48 hours. ththcitizens w within two o wee. the emirates are letting to pause flights to and from it. >> our international relations expert from britain told us that the charges in the arab governments - -- charges the arb governments are makaking agagait qatar are e unfounded d in his . >> thehere is a lot of substance behind them, there has been a lot of tension betweween qatar d ththe saudi's. other states i in the region as wewell. predominantly sisince the 2011 arab spring. wewe see them providing g a lotf supporort and a safe space for grgroups l like the muslslim brotherhood and the iamamist movemement in gaza. alalso for the group's leader. he h been n stationed there for a number of ars. there isis a great deal of substance to o be said for ththe saududi claims s of provididing support for certain n groups. som

i think they will be watching quite closely over the next couple of years to see what the gcc is adding. >> should this escalate, the effects could be why rager. -- wide ranging. 9% of qatar's exports went to the neighboring uae. qatar relies heavily on the uae for its who delivered its -- food deliveries. the qatari state owned a major stake in germany's deutsche bank. >> wall street doesn't seem to be worried about the affair at all. why so little concern on wall street about what could be the worst diplomatic crisis to hit the oil-rich region in decades? >> first of all, that is a could be. we will have to wait and see how those tensions really develop. we have seen it so often in the past, a couple of months -- political events had only short-term implications on the stock market. stocks, even if they lost a tiny bit, they were there on record level. >> how is oil doing? there was a global oil deal that was sealed in the region. couldn't that be at stake? >> it could be in jeopardy, qatar is not the biggest oil producer. for sure, they could have the feeling that they are not find i

our desire is for unity in the gulf and the gcc. and we redirect all of our efforts to defeat isis and in the region. the president seemed to signal that he was angry and frustrated with north korea and china failed in its attempt. despite these continued efforts and cooperation is the administration beginning to think china will not be able to reign north korea in and is there any consideration of new and direct action particularly has it changed in any way. it is part of a strategic policy and freedom of navigation efforts notwithstanding how far are they willing to go to prevent the militarization? >> in regards to the view in north korea i believe that he represents the american people's view of north korea right now. we see a young man go over to a minor act of mischief and come home after he gets here. there is no way we can look at a situation like this with any kind of an understanding. this goes beyond any kind of an understanding of law and order and humanity and responsibility to any human being. what you are seeing is th

any role that we can play in terms of helping them address those, we think it is important that the gcc remain a unified. i do not expect that this will have any significant impact, if any impact at all on the unified fight against terrorism in the region, or globally. >> reporter: it comes at a sensitive time for the united states, with four major military installations in the gulf arab countries. two in qatar, and air base and army base as well as another air base in kuwait and fifth fleet in bahrain. qatar has had a questionable foreign policy for years. supporting the muslim brotherhood after the egyptian revolution back in 2011, as well as hamas leaders and even hosting a diplomatic mission for the taliban. another sticking point the country's media outlets as well as al jazeera. while the geopolitical implications could be the more immediate problem, a longer term issue will be economic relations in the g shutting down air travel between the uae, saudi arabia, bahrain and qatar could have major implications for the private sector. a group already hit hard by two years of lower oil

the un is speaking about brokering any agreement between the gcc members and qatar. term because the region is so small. there are familial ties and so forth. i do not think anyone is thinking let's go have a military solution to this. it has come to a fore because it has to do. too long it has been a point of putting in signals and so forth. it has to be resolved. how long it will take depends on how qatar responds at this point because i think for the gcc countries, for egypt, they have made it clear what they want. we have to see what the response is. it cannot be about changing the subject of thing it is about freedom of expression, it really is going to the heart of the matter. mina, steve, agnes and jeff, thank you for being with us. that's it for dateline london for this week — we're back next week at the same time. you can comment on the programme on twitter. from all of us on the programme, goodbye. hello there, good morning. things are pretty much back to normal across the uk. we've got low pressure in charge of the weather. we've got that curl of cloud to

do you worry that the gulf could be severed resulting in possibly the expulsion of qatar from the gcc in qatar. to come and say that this sort of approach of denying qatar's fingerprints which is all over the place, does not serve them. what serves them more and serves the region is to address the issues that are besmirching qatar's reputation and that are effecting qatar's place in its natural habitat, which is the arabian gulf. let's take a look at some of the other stories making the news. a jury in minnesota has acquitted the police officer who fatally shot an african—american. philando castile's dying moments during a traffic stop were captured on a facebook video in a case which shocked america. jeronimo yanez was found not guilty on three charges, including second—degree manslaughter. the german chancellor angela merkel has led tributes to one of her predecessors, helmut kohl, who has died at the age of eighty—seven. she said mr kohl had brought about the two greatest achievements in german politics of recent decades national reunification and european unity. the policeman who

do you worry that the gulf could be severed resulting in possibly the expulsion of qatar from the gccto prevail in qatar. to come and say that this sort of approach of denying qatar's fingerprints which is all over the place, does not serve them. what serves them more and serves the region is to address the issues that are besmirching qatar's reputation and that are effecting qatar's place in its natural habitat, which is the arabian gulf. angela merkel has led tributes to one of her predecessors, helmut kth one of her predecessors, helmut kohl, who's died at the age of 87. he said he brought about national unification and unity. as the cold war ended, helmut kohl seemed to tower, quite literally, over everyone and everything around him. as a child he witnessed the destruction of his country. the second world war inspiring his lifelong desire to unify germany and europe. he rose through the ranks of the christian democratic union, becoming chancellor in 1982. his provincial manners were frequently mocked but he was tough and he knew how to wield power, and when history came calling, h

i think neighbor's of qatar, not only in the gcc but elsewhere in the arab world and elsewhere in theommunity made it clear what those conditions are. they're not in my area of focus as an energy minister. we hope that qatar will accept those conditions and will join its brotherly neighbors within the gcc and arab community. in the meantime, within the energy markets, there is no change. qatar is a member of the opec organization and is a signatory to the 24-country agreement that has just been extended. we trust they will abide, but the overall contribution in terms of cuts is rather insignificant in terms of the scheme of things. i don't see that as an issue. >> coming up, getting on with running the country said brexit minister david davis. we talk moves in the brexit negotiations live in brussels after the short break. icrophone) listen up, heart disease. you too, unnecessary er visits. and hey, unmanaged depression, don't get too comfortable. we're talking to you, cost inefficiencies and data without insights. and fragmented care- stop getting in the way of patient recovery and p

good to have you in this program what is going on in this great rift between the gcc nation and qatar. >> this is a consistent pattern of behavior. let me start by telling you what it is not. it is not an overreaction, it's not a hasty decision. it's not something that we came to in a rush. >> why at this point? why what is being done now not undertaken a year ago? >> to point out context three years ago we had a meeting in riyadh under the leadership of king of saudi arabia. in that meeting we had a confrontation essentially and the leadership of qatar, signed the document that pledged that he will stop and retrain from doing all the things that we have been complaining about. >> has that document ever been released. >> it has been released to the member countries. i don't think it has been released to the public. >> the same things that we have said he has violated are the same things we are complaining about now which are support for terrorist and extremists, meddl ing in our internal affairs and using their media to attack us and incite. >> why not release the documents you descri

the gcc must emerge united and stronger to show the world the gcc's resolve in its fight against violencesm and its commitment to countering the threat from extremism. our expectation is that these countries will immediately take steps to deescalate the situation and put forth a good faith effort to resolve their grievances they have with each other. thank you very much. >> there he is the u.s. secretary of state rex tillerson calling for some deescalation in this very, very serious crisis that has erupted. qatar, on the other hand several arab states in the gulf including egypt, saudi arabia, united air of emirates, ball of whom have severed contacts. causing a blockade causing hardship on the people of qatar. i want to bring in senior diplomatic correspondent. she's over at the state department. global affairs analyst tony blinken. he's here with me . it seemed like the other day the president was almost siding with saudi arabia, the emirates against qatar. now we have the secretary of state trying to forge some middle ground. >> i think that is why he's giving this statement on camera

what is the gcc to do? there aren't many options that bring this to critical stages.e one of those critical stages could be military? >> i'm not sure i want to speculate on that, it is perhapsy -- you could enforce the blockade. you could seek to enforce that in some other ways, we haven't thatanybody publicly say that could come in. obviously, the longer that this drags on, you're bringing in other actors, your ring in iran and turkey's will have their own interests to defend. everybody is becoming entrenched in the positions they are. , thehing could go wrong risks are higher. aswrist -- the list is long, you said, how long is qatar prepared to withstand its grand -- ground? world's richest country, they can withstand a very long time. thatve had some reports looked at it as a banking sector and even if all the money was to stand up, wey can know that shipments are coming in, we can track the ships that are bringing in food for qatar. we have stories about how they are flying in cows, they are digging in for the long run, they consider this a siege. they're taking m

rishaad: and no reaction in the gcc with qatar. >> usually you get a spike.tion,iranian qatar, missiles in syria from , all this tension and no reaction to the price. it shows you fundamentals are front and center. will not bedi pleased with this. a lot of these gcc countries are not happy. pressure more happy than perhaps most. and russians have been cutting come so good for the market, but compliance may become an issue. prices start to slip. you have less compliant countries like iraq. my guess is they will take an opportunity before the price slips further, so compliance may slip if prices stick to this low level. itdi: how significant is that we are seeing this fall back into bear market territory as we get into the summer driving season in the u.s.? where wes the period would see stockpiles declining at a much more rapid rate. have beenuppliers rising, so products rising, marginal declines, a real concern for the market. there is an expectation that it would help to drain u.s. there is that are demand seen in the second half. it is not capturing the att

russia has important relationships, trade and politically as well with the gcc.hat is qatar and saudi arabia. there are other countries such as china, what has their position been? andrew: to follow a little on becausea was saying, saudi and the uae went from zero to 60 overnight, this takes are really high. there is not much more they could do to turn the screws on qatar, unless they decide to take military action and in force a blockade. the longer that this goes on, you then start to see some sort of geopolitical realignment in the region. bitre seeing that a little already with turkey and its announcement on accelerating the troop deployment. you could see qatar vivid more to iran. vivid moreqatar towards iran. uncertainty now, and to allow it to prolong means you are objecting more uncertainty into the region. we are at a global geopolitical inflection point, which goes way beyond the borders of the gulf and qatar specifically. in terms of scenario, we have drawn out some of those. what do we look at? andrew: we are looking at the huge escalation which shoul

if i am not mistaken, the gcc doha.in amin: if qatar is not able to meet the demands, obviously the crisis will continue, and there is the option open to expel them. that would be a dismemberment of the council, which originally came into existence to bring security to the region. insecurity and instability in the region. shery: in some ways, this was led by the new crown prince. wars also fighting a proxy in yemen. does he have an exit strategy for these conflicts? amin: one point is clear, he singled out iran as his main enemy. he has been relying on that to justify a number of foreign-policy actions, including the war in human. -- in yemen. it has not been going very well, and it has proved to be very costly. at the same time, obviously, the new crown prince is very much interested in changing the face of saudi arabia, particularly economically and socially. so it is sort of a double-edged thing. we will have to wait and see what will be the outcome of the to theon of salman position of crown prince. the expediency c

what our president, said, in front of gcc was to say, not only are you not going to be rewarded, with a heavenly reward, but will be condemned. this one of first times that i have seen a leader, a u.s. politician go after the mos motive, that is what we to focus on. only way to stop this is understand it and call it out. >> it is your sense, rick, that the president's very powerful words and again, very different from his predecessor, got through to the people in that region who are leaders, in saudi arabia, and that will change minds, and change course? well, i. >> i think that we don't know. i did like about the president's speech is that, president aid you know we need the help of religion outous leader -- religious leaders, because motive when you talk about islamists, the motive is a manipulative part of islam, so, we need the religious leaders to rise up and say you will not be rewarded with a heavenl reward for this, you will be condemned. we know that there are radicals who believe when they blow up innocent people, they are going toy ricarded an -- they will be rewarded and t

ambassador insists doha must comply with a 13—point demand list, otherwise it'll face expulsion from the gcc of the british papers leading with this story — the six people facing criminal charges for the hillsborough disaster. the independent paying tribute to the 96 liverpool fans who died from the football ground crush in 1989. the financial times reports on two days of heavy market trading, after so—called confusion — apparently caused by two of europe's

i was pleased to see and hear president trump in his speech at the gcc in saudi arabia take on issue of motive, he went at it, to the heart of this matter, he said, there are terrorists who believe that they are given heavenly rewards for their actions, president trump made clear, that is not true, they are not going to be rewarded, they are going to be condemned. i think this is a crucial message to go at heart of the motive, that is how we'll stop this. we en don't know what the motive was for this latest attack. but we know that we have to find out the motive and combat that motive, and simple fact, is most was the victims of terrorism these days are muslims. not true in the united states, but in the world the majority of victims are muslims. we must have help in the community that can speak clearly and i think that mosques have a appreciatspecial role to make i, you will not be rewarded with heavenly rewards by doing these attacks, the opposite is true, you will be condemned. if we can get help from the mosques and others to headache that clear, these as call, islamists, these pe

obviously this is a result of the lopping simmering tensions seen between qatar and other gcc states. qatar itself is not a major producer of oil but it is the biggest supplier in the region of liquefied natural gas and big supplier of condensate. doha main equities index down as much as 8% at one point this morning, last time i checked off by 7%. quite a big hit there. when it came to equity markets across the region in europe, we are lower. hard to say whether it's the qat qat qatari impact or terror attacks. back to you. >>> up next on "morning joe" more on the london terror attack as police continue to carry out raids in the search for accomplices. the latest from nbc news chief global correspondent bill neely on the ground in london. >>> plus former nato, joining us with the growing threats u.s. faces at sea. "morning joe" just moments away. be the you who doesn't cover your moderate to severe plaque psoriasis. be the you who shows up in that dress. who hugs a friend. who is done with treatments that don't give you clearer skin. be the you who controls your psoriasis with stelara

what i will tell you, has there been friction associate what's going on between the gcc and qatar? absolutely. what i said last week remains true. we have continued to be able operate even through that friction. >> what are you playing diplomatic role? >> we obviously worked the military to military line. we continue to do that. you answered the question well. this is primarily secretary tillerson's lane to resolve the issue between gcc and qatar and come up with a negotiated solution to the challenge. >> with al qaeda isil and popping up all over the world with world war ii still strategy of defeating this enemy with our allies, various part of world? >> i'll speculate what that individual means. it's probably important. let me explain our strategy for dealing with transregional violent extremism. which isis is one manifestation. what connects the group in west africa and southeast asia. it's flow of resources and the narrative, the message. strategically the idea is to be able to cut -- i describe those things as connective tissues. we trying to cut that tissue. how we doing that

qatar is an active member of the gcc, committed to its charter, does not in interact -- we are back with panel. jennifer, it is sticky for the administration. >> it was just two weeks ago in riyadh, i was one of the reporters in that room and president trump had the bilateral meeting with the amir of qatar. warm, friendly meeting. remember, trump called him a long time friend, so the nations have been longtime friends. they talked about selling our beautiful military equipment to qatar. very warm. i am told that, yes, trump was aware of tensions with qatar between saudi arabia and some of these golf countries with qatar and the reports about qatar being too friendly with iran at the time of the meeting. they were not aware at this particular -- that these new documents came out, which of course qatar is denying. i was told by a couple of officials that, yes, trump would like to see the arab states united. he would. but this is also, they said, demonstrative of these countries taking president trump seriously when he said you need to isolate iran. that is how they are seeing it as the sil

biggest gcc collapse is not reallythat what we want. ideally, you have more cooperation.to. francine: it has become so unpredictable. china, theng of south seas, all of that asia area. >> a markets have been overstimulating some of the geopolitical events. last year, the community was convinced angela merkel was done . she is still the strongest leader in europe. the market, don't ,anic on the short term understand the implication, see what the economy does. they had to end up with more stimulus. in a way, like the stimulus. youkeep promising stuff cannot deliver, you will have to open up the check book. have lown markets volatility has to do with the $14 trillion being printed by central banks. i was in favor of quantitative easing at the beginning of the crisis. the banks recap was a must. now, we are probably keeping the .ad along we set up our self eventually for a big shock. tom: thank you. we are going to come back and speak about banking in europe and the united states. up, david and i will have a conversation with richard haass. it is a good time to catch up with

the gcc must emerge united and stronger to show the world the gcc's resolve in its fight against violencerorism, and its commitment to countering the threat from extremism. our expectation is that these countries will immediately take steps to deescalate the situation and put forth a good faith effort to resolve their grievances they have with each other. thank you very much. >> we were not expecting those commenting from the secretary of state, but obviously it comes at a critical time. we had just heard not so long ago that qatar had said they thought that president trump and the united states would be critical in solving what has very quickly become an escalating problem with the blockade there by three other gulf area states, including saudi arabia, bahrain and the united arab emirates. so obviously we heard those statements from the secretary of state. there's going to be more to come on this, but clearly, there's some steps being taken, moving in the direction of trying to resolve what has become a crisis and a lot of accusations about qatar and funding terror. >>> in the meantime,

this is primarily secretary tillerson's lane right now to resolve the issue between gcc and qatar and come up with a negotiated solution to the challenge that addresses the issue. with allou: all right, qaeda, isil, and their popping -- their offshoots popping up all over the world with a world war ii strategy of defeating this enemy with our allies, various parts of world? i can't quite read this. gen. dunford: i'll speculate what this individual means. [laughter] gen. dunford: it is probably important. let me explain our strategy for dealing with transregional violent extremism. of which isis is one manifestation. first of all what connects the , group in west africa to southeast asia? really three things, the flow of fighters, flow of resources, and the narrative, the message that they disseminate. strategically the idea is to be able to cut -- i describe those things as connective tissues between the groups. strategically we are trying to cut that connective tissue. how we doing that? by establishing a broadwell dad -- broad coalition with a good exchange of information and intell

will make it very uncomfortable for the united states which is hoping to leave this conundrum to the gcce biggest us air force base in the region is in qatar. we run air operations out of that base from afghanistan to yemen to the horn of africa. we need that base, we don't want things to create a problem with us, the saudis and ourfriends create a problem with us, the saudis and our friends in create a problem with us, the saudis and ourfriends in the gulf. thank you. stay with us on bbc news, still to come: calling time on climate change — arnold schwarzenegger and french president emmanuel macron forge a new friendship. members of the neo—nazi resistance movement stormed the world trade center armed with pistols and shotguns. we believe that, according to international law, that we have a right to claim certain parts of this country as ourland. i take pride in the words "ich bin ein berliner." cheering and applause chapman, prison pale and slightly chubby, said not a single word in open court. it was left to his lawyer to explain his decision to plead guilty to murdering john lennon.

how long it will take depends on how qatar responds at this point because i think for the gcc countrieswhat the responses. it cannot be about changing the subject of thing it is about freedom of expression, it really is going to the heart of the matter. mina, steve, agnes and jeff, thank you but being with us. that's it for dateline london for this week — we're back next week at the same time. you can comment on the programme on twitter. from all others on the programme, goodbye. —— from all of us. hello there. what a difference a week makes. last weekend we were looking at temperatures in the low 30s celsius, this weekend something a bit more normalfor the time of year but it will feel on the cool side, particularly across the northern half of the country where we have some strong winds. sunshine and showers, i think, so many this week but where you get the sunshine, it should feel quite warm, particularly today. now, the weather watchers have been out in force across southern areas, taking pictures of the cloudy skies there but many eastern areas, sheltered from the westerly wind, see

another critical point is we are moving into the higher demand season in the gcc as temperatures riset of the production will domestically.ed this has come down over the years for local power generation but the demand increases in the summer. >> what happens if other countries join saudi arabia, specifically target exports to the u.s.. is there a likelihood we could see prices being impacted more significantly than just brought output cut's? >> that's the area of focus. it's the question of shale producers. if you see inventory falling sharply in the u.s., we would seem more shale production coming in. this is going to be an issue that is going to remain for opec and other non-opec members involved in the deal. to critical issue is looking balance at this point, not having such a rebound in oil that you have a be resurgence of shale production. they want oil between 50 and $60 so they could ease the pace of fiscal consolidation. we've already seen that this year in activity in saudi arabia. >> let's cross into egypt. the latest decision to go ahead with a 2.4 billion dollars spending

they say dialogue is the only way and they would like the do that from within the gcc countries.nd we have seen ckuwait takinga leading role. moving around, different phone calls, trying to find a resolution but it's really difficult to see how this crisis is going to end. qatar say it's just a pretext used to settle regional scores and there's that theory that what we're seeing is these countries that have had their issues with the foreign policy, really trying to back this tiny country with so much influence into a corner to get concessions from qatar. there's lots of theories right now but we've heard from the foreign minister over and over again saying that they're open for a dialogue but they will not have other countries dictate on what its foreign policy should be and it's not going to change its foreign policy just because its t contradicts that of others in the reej. >> they're certainly a major ally in the united states and the region and there are economic ties between qatar and russia. with russia stepping in, it's not completely out of the blue. >> it's not but qatar

saudi-lede with the gcc has created a temporary dollar storage.oha has been given a week to implement demands, including the al jazeera network and cutting ties with iran. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. the week on wall street will see investors focus on a potential deal on what we could call merger monday, not exactly point asking third for a lot of change at nestlÉ with his $3.5 billion investment. monday is often win investors focus on deal activity. released an investor letter after bloomberg broke news that he had taken an interest in the company. thats now been confirmed he has 40 million shares, including some options, about $3.5 billion. this is according to the investor letter. nestlÉ a recent chart of . it has been under pressure, as have been many food companies, particularly companies that show candy or sugar products. says that despite having arguably the best position portfolio in the package goods industry, nestlÉ shares have significantly

last time in 2014 when there was a crisis in the gcc, the worst that happened was the recalling of ambassadorsook seven weeks to resolve. this time you have the shutting down of air, land, and see links. links. they are saying nothing short of capitulation from qatar will arabiaatar and saudi back on the same page. we are seeing moderation, a brief return to gains for qatar stocks. also, credit default swaps, nothing like we saw yesterday. some opportunistic buying moving back into some of the traits as well. indeed, he was mentioning buying there. people as soon as this embargo came out, diplomatic ties being severed, people went into the supermarket to grab what they could get a hold of. importsa country which virtually all of its food needs. this is where it comes from. thecan see 15% comes from uae, 14% from saudi arabia as well, and the qatar government is eking to concerns of possible food shortages after these diplomatic and trade links work cut as well. authorities taking steps to ensure a regular supply of food. at the moment, this is talk, and they have been releasing videos of fully