geoffrey yu great to have your perspective on all things foreign exchange.ffrey yu, senior fx strategist at ubs. coming up, we head back to the snowy slopes in davos. your next ceo, it is cisco's ceo. later, you do not want to miss this conversation. it is the bank of japan governor, kuroda. ♪ >> welcome back. this is "on the move your co king abdullah of saudi arabia has died at the age of 90. king salman has succeeded him. ryan, before we begin this conversation, i'm going to give you breaking news. you and i are going to talk about what this might mean for the oil prices. the new saudi king says he will maintain policies of the predecessor. you and i were trying to put this in context. what do we know? what are the issues around his succession? >> the price of oil, wti brent, did jump over the uncertainty. nonetheless, it didn't jump that much. brent still remains at $50 a barrel. i don't think this is a big surprise, that king salman is saying that he is going to continue the policies that king abdullah pursued. king salman when he was crowned prince gav