it will house the gulf's first macy's store.w a good time to tap into retail demand in the gulf? ken: we think it is a particularly good time to develop something of this scale. the reason is, this is part of a mixed-use project, which is what we love to do. it is not just about retail or department stores or entertainment and restaurants. it is about two great hotels, rosewood and four seasons. a major center of commerce here. as you can see the abu dhabi , global market where we are standing today. mixed-use is key to the success of our projects and it will be the key to this project's success. we are developing a project here combined with a galleria that we opened three years ago. when finished, it will be the premier platform for luxury, for midpriced, for family, for entertainment, food and beverage. it is a true destination here for abu dhabi and the uae. tracy: give us some color on the consumer demand you are seeing right now. we have the drop in oil prices that is hitting government budgets in the region. is that feedi

the gulf news. american marines joining right. the gulf news. american marinesjoining the right.lf news. american marines joining the fight against daesh in syria. they could make a difference. it is a tactical move when you try and leverage in this way with military operations. it is tactically planned and carefully manoeuvred. i think it will be a real boost. it will lead to real impact on the ground in syria, i think. it is significant because raqqa, just to remind people, is the stronghold, the main base of islamic state in the region. that is right. it is all part of the plan again. a real tough call manoeuvre. boots on the ground, that is not part of official policy. it has mostly been in the air in terms of focus and tried to have an impact. but they must know something that we don't, thatis must know something that we don't, that is all i can say, actually. there is a lot more going on behind the scenes. financial times. there is a lot more going on behind the scenes. financialtimes. london and new york trying to woo the saudi oil company. this will be huge when it happen

the gulf's first macy's department store.a good time to be tapping into retail demand here in the gulf? a particularlyis good time to be developing something of this scale. the reason is because it is part of a mixed-use project, which is what we love to do. it is not just about retail or department stores, or entertainment or restaurants. great hotels,o rosewood and for seasons, a lot of commerce is here. the abu dhabi market where we are standing today. successe is key to the to our projects. we are developing a project here combined with the galleria, which we opened three years ago. when we finished, will be the platform for luxury, midpriced, family, entertainment, food and beverage. it is a true destination for abu dhabi and the uae. color on theme consumer demand that you are seeing right now. because we have the drop in oil prices that is hitting government budgets in the region. is that feeding into local consumer demand? >> i think it has hit everybody. if you are to gauge and poll retailers in abu dhabi and the reg

given what i havejust said, why is there such a gulf between the profit margin in north america and thatactors. labour cost is higher in europe and there is still quite capacity in the european market which keeps down margins. the issue of currency has played a big part, certainly since the referendum in the uk? certainly for general motors, this was one of the reasons that they state why they did not turn up profit in the european operations and it drove them to finally sell the european operations. what are all those companies selling cars in europe doing to counter this and improve profit margins? we are seeing probably more cost cuts coming our way for top there was an announcement is part of the psa deal that they are going to try to have an exercise in cost cutting certain expect somejob an exercise in cost cutting certain expect some job losses. is it also about the type of cars coming onto the market? more economic and cheaper cars? come again? is it also about the type of models on the european car market that would increase the profit margins? hopefully so. it also see comparis

moving on, the gulf news. suggests a bigger role in yemen war, sending a clear signal washington plans to move more significantly against iran. your perspective? move more significantly against iran. your perspective ?|i move more significantly against iran. your perspective? i think this is very interesting in that the 0bama administration distance itself quite strongly from getting very involved. in the past the focus of us involvement in this terrible civil war in yemen has been really on attacking al qaeda in the arabian peninsula, which has used yemen as a hub since the collapse of the state. at the same time, saudi arabia and the united arab emirates are waging arguably a proxy war against the houthi rebels in the north of yemen, which has led to this horrendous humanitarian situation. it receives very few colleges so i was pleased to see it in the gulf news. for somebody who watches this, the involvement of america in lots of ways has to be a good thing, not least because the putative first move for thi

the gulf region given that we provide to economies in the gulf region?ould be helpful to this region to have a lightly stable dollar. every time the dollar strengthens, if you raise competitiveness from the nonoil sectors. governments have been putting emphasis on growth in the nonoil sectors. -- dubai is a largely nonoil economy. every strength in the dollar makes a dubai less repetitive when you're looking at tourism and wholesale trade. i think for this region it would be great to have a weaker dollar, it is not something that we see. gulf countries are going to have to adapt. we start to see this sort of pressure emerge when we look at the pmi survey, businesses are trying to compensate for the strong dollar by adjusting their prices. tracey: adaptation, diversification, this is a nice research note about fiscal adjustment in the gulf region. how happy are you with the adjustment that has taken place? >> i think it has been forced by circumstances, i think a very sharp drop in oil prices last year really fourth the government's hand -- forced the gov

coming our way out of the gulf of alaska. anchorage, 14, fairbanks, 16 below. that cold air is coming here. won't be that cold but drop our temperatures. here's live picture from the camera looking to san francisco. city by the bay is a little bit bouncy because the wind is picking up. snow over the highest peaks and thunderstorms are possible. one impact storm. one system but because so cold and unstable in nature, keep the waves of showers going and bring us gusty winds with snow level down to 2,000 to 3,000 feet. chance of thunderstorms and if they form, chance of hail on sunday. spotty light showers, scattered in nature. north bay is wet but east and south may go what rain, but it will come. 6:00 p.m. the main event comes through. light to moderate showers across the central portion of the viewing area. seeing heavy rainfall in the south bay and santa cruz mountains. whitish blue is snow over the hill tops. see in the lake and mendocino counties and hills, and mt. hamilton. going to continue to 7:00 a.m. and 9:00 a.m. cold nature evident on sunday. temperat

tracy: always nice to have you on, always bringing us the latest on gulf markets. in someone else for some or agreed to in we are joined by the head of research at our friends capital, he is in apple dobby. -- abu dhabi. when it comes to deals in the u.s. markets, are you as excited as other investors seem to be at the moment? .> very good morning we are excited, however there ipoa few concerns of the and the ipo in banks. i would say that the main challenge will be valuations, especially with the upward stroke in yield curves. on the other hand, i believe that the year we could probably see more ipos coming to the wavet, and we see another after the wave we see this year in terms of free structuring. a lot of debts will be returning for private companies. cost of borrowing is increasing. it through ipos, a wave of restructuring, debt restructuring and probably merger and acquisitions rate. probably shift towards ipo. in my opinion, i am optimistic in terms of investment banking. further ipos will increase the supplies, you get a person into equity markets especial

oil axon with a $20 billion investment plan that would create or to bypass and high-paying jobs and gulf states. lauren: chairs of snapchat only 12% below their first day of trading. the lowest price per year. lauren: thriller in texas and the san antonio spurs at the houston rockets and cleveland cavaliers. lose the game in their new center against the miami heat. we will have all the highlights. lauren: 5:01 a.m. in new york. welcome to "fbn:am," your first look at morning markets and breaking news. nicole: house committee to begin voting on the republican bill to dismantle upon the care tomorrow. the measure would replace income-based subsidies with tax credit. >> we give them a tax credit immediately useful. ranges in price from $2,214,000 a year. depends on your age and family. but ask him if they can buy affordable plans that are approved and certified in the state they are in end user of planes they need engineers, not the plants washington and the dating to them. tree into legislation would preserve some futures at the 2010 health care law. >> we are not pulling the rug out from

we've got low pressure surface low over the gulf of mexico.t in will do is head over to the carolinas. at the same time this piece of energy from the northern branch of the jet stream will dive down, they come together, they fade, they bomb out intensify and then that storm system will hug the east coast as it moves up to the north and that will pull in a lot of moisture and some cold air. now, the a blizzard warning has been posted to are areas north and west of philadelphia. all the counties in orange. these areas can expect 35 miles an hour winds reducing visibility to less than a quarter mile for three consecutive hours so it's not just the snow piling up, it's the snow blowing down creating near whiteout conditions. most of our viewing area in the pink under the winter storm warnings. those go in effect 8 o'clock until 6 o'clock tuesday but really the snow should be holding back until about 10 o'clock and 1 o'clock moving in from the southwest to the northeast. it will start light but it's in the middle of the night it's cold out there, i

agent, was detained in iran on the tourist island of kisch island in the persian gulf. bob, a long-time and very respected f.b.i. agent who had been retired, had served his country for 28 years. he is the longest held civilian in our nation's history. he's a husband, a father of seven and now a grandfather of

andspeak with the cfo - - cover all the big regions at the start of the trading week in the gulf.that is sunday morning at 8 a.m. in the auuae. thank you >> coming up on "bloomberg best ," the stories that shaped the weekend business around the world. >> the dow topping, 21,000. respond tos president's optimistic tone in his first address to congress. president trump: we have undertaken an historic effort to massively reduce job crushing regulations. >> did his message fan the program flames? >> healthier markets are something he is hoping for. >> the public equity market enjoys what the president is doing are talking about. >> will recent economic growth translate to a rate hike? the ides of march

gulf coast is already swamped with oil. so you can bet that most of this canadian crude that's flows down through the keystone excel pipeline will head overseas, likely to asia. >> even then, it's tough for the product to be absorbed. back in steel city, though, the owner of the salty dog since 1985, margo deangelo, is hopeful the area will reap the benefits of having the pipeline run through their backyard. >> definitely brings a lot of money into the area. whether it's locally or the hotels, the ford dealerships, chevy dealerships. gosh, just everything. grocery stores. everybody makes money off of them when they come. >> the irony here, when this project was first proposed some years ago, the argument could be made that we needed the canadian crude. now with a pipeline friendly administration, some would argue the opposite is true. for "nightly business report," i'm jackie deangeles, steel city, nebraska. >> pipelines are a key part of our infrastructure. so is the electric grid and a growing challenge is keeping it safe

coming our way out of the gulf of alaska. anchorage, 14, fairbanks, 16 below. that cold air is coming here. won't be that cold but drop our temperatures. here's live picture from the camera looking to san francisco. city by the bay is a little bit bouncy because the wind is picking up. snow over the highest peaks and thunderstorms are possible. one impact storm. one system but because so cold and unstable in nature, keep the waves of showers going and bring us gusty winds with snow level down to 2,000 to 3,000 feet. chance of thunderstorms and if they form, chance of hail on sunday. spotty light showers, scattered in nature. north bay is wet but east and south may go what rain, but it will come. 6:00 p.m. the main event comes through. light to moderate showers across the central portion of the viewing area. seeing heavy rainfall in the south bay and santa cruz mountains. whitish blue is snow over the hill tops. see in the lake and mendocino counties and hills, and mt. hamilton. going to continue to 7:00 a.m. and 9:00 a.m. cold nature evident on sunday. temperat

. >> we have had a bumper year for debt sales in the gulf states.e potential one in the form of a kuwaiti issuance. given the argument you mounted and the appetite for emerging market debt, where does pricing come in? >> we should not categorize kuwait as an emerging market because these are highly rated credits which have extremely strong fundamentals from a credit point of view. they have accumulated reserves. not in the same classification of emerging market issuers. they are definitely benefiting from the demand for yields globally. space, oftene overlooked. it is playing constructively to the further development of financial markets. we have never really focused on building our markets here. of issuance think it is be -- i establishing the region as a serious player. to your question, [indiscernible] we do not anticipate any issues with this transaction. this would be the sixth member of the gcc -- [speaking simultaneously] i think it is another important milestone and we're looking forward to it. >> i want to pick up on your point. economies i

coast and the gulf coast region.hing that was done to a large extent because of our policies and the policies of this new administration. >> well, as politico notes, at least some of the investments are actually pretty old, beginning four years ago in 2013 under a man named president obama. exxon total politico at least one of the products, an aviation lubricants plant in baton rouge, louisiana has already been completed. trump's praise for exxon came hours after he ate lunch with rex tillerson, the former exxon ceo who left the company to join the administration. what's strange is the white house statement on exxon's business plan sounds almost like itas w by exxon's pr department itself. and that's thing 2 in 60 seconds. allergies with nasal congestion? find fast relief behind the counter with claritin-d. [ upbeat music ] strut past that aisle for the allergy relief that starts working in as little as 30 minutes and contains the best oral decongestant. live claritin clear, with claritin-d. remember when you said me

billion through till 2022 creating almost 50,000 jobs in its chemical and oil refining plants on the us gulf coast. the international new york times looks at brazil's trouble economy where thousands ofjobs are being lost every day while the state struggles to pay for essential services like the police and school teachers. and finally, do you fancy yourself as a budding agatha christie when it comes to dreaming up plot twists and turns. well netflix viewers will soon be allowed to chose and make key story decisions by using interactive software. actors will film numerous scenes with different endings helping viewers to choose their own adventure. can you imagine the arguments that that would cause between couples?” would want a character to die and the kids would say no, no! good morning. good to see you. 0k. it was coming and iraq has been taken off the list. it stops people seeking new visas as well. so those who do have green cards and visas will still be allowed to enter. there are details that have changed? it is slightly watered—down ultimately the broad theme is still the same. predomi

of -- or in the persian gulf.ah. >> as the commander now new secretary of homeland security what were the kind of ship that is were put to sea in his navy, they were all ships with stripes on them. there needs to be a learning curve dealt with here to recognize the legitimacy of these kinds of contribution to the very thing the president wants to strengthen. maria: is there something that you want to make sure, must have on wednesday given that you have been on the front line? >> well, i think without a doubt the strengthening of border agents which is in the budget is good, the bed count with regard to dealing with the collection of illegal alliance is very good, but the coast guard budget and tsa, both in airports around the country and at sea as the cost guard deals with not only things that we have spoken about but the port security reality where 9,000 inspections of incoming foreign vessels which sustained over $3 trillion are gant -- guarantied. it's just not the time to cut the budget. maria: thank you so m

area of low pressure that's taken a nosedive out of the gulf of alaska south.ecast shows by lunchtime today the clouds filtering in from the north to the central bay making tracks towards the santa clara valley. mostly cloudy later on tonight, we see the first chance of rain in the north bay by 9 to 11:00 in the morning. then flirting with most of the north bay all day before the front slices through south. as that happens, we will see the rainfall totals tally up and we'll share that with you coming up at 48 minutes after the hour. >>> we do have storm damage all over the bay area from pothole- ridden roads to localized flooding. kpix 5's jackie ward standing by in clayton to tell us what we are facing there. jackie. >> reporter: anne, you know that a lot of people have felt a severe impact of the wet winter. some have had it worse than others. i think it's safe to say that the people of clayton have had it pretty bad considering that they haven't had running water for days now because of weather- related incidents. last week, a major mudslide forced them to c

queen unveils a memorial dedicated to those who served in conflicts in iraq, afghanistan, and in the gulfnd the queen unveils a memorial dedicated to those who served and coming up in the sport on bbc news. england and scotland name their teams for saturday's calcutta cup match in the six nations, with billy vunipola on the bench for eddiejone‘s side at twickenham. good afternoon and welcome to the bbc news at one. the chancellor philip hammond has defended his plan to raise national insurance contributions for the self—employed, saying the government faces "new challenges." mr hammond is facing criticism of the budget announcement for apparently going against a 2015 manifesto pledge on tax rises. the change, due to come in next year, will mean 1.6 million self—employed people paying on average £240 more every year. labour has accused the government of breaking its promise. here's our political correspondent eleanor garnier. learning to solve technical problems ata learning to solve technical problems at a college in dudley in the west midlands this morning, and after yesterday's budget,

on the satellite you can see all of that cold air pouring in from the gulf of alaska. likely see a mix of clouds and sunshine tomorrow with more sun in the afternoon. temperatures will also be warmer and in the upper 50s to low 60s. warmer and dry weather will continue into the middle of the week with some inland highs in the upper 60s and low 70s. along the coast an old friend will make a return, fog. that should keep the temperatures at the coast in the 50s to low 60s. things a little unsettled in the long range forecast. we could see a few more showers next weekend. (ágrant/oncamá) it was smooth sailing for the golden gate ferry's innagural commute this morning. the ferry tranported more than 300 commuters from tiburon to san francisco. the service is not brand new... its was originally run by the blue and gold fleet. but that service was discontinued a year and a half ago. the golden gate ferry is now picking up the morning and afternoon commute routes. golden gate ferry is happy to provide service across the bay. several hundred people communte everyday which tran

those are the transport fuels that the gulf has been short of and had to import.ey in export amounts of crude, they were still importing some of those transportation fuels. now as the economies are growing richer with increasing populations, they want those fuels to supply the national economy as well is to export. they will be out there in the market competing with european and asian refiners and looking for new markets. that is going to weigh on refiners and profits in the coming years. tracy: we have to leave it there. we have breaking news. we mentioned the movement in shares of the kuwaiti telecom's company. finalsee it is in the stages of talks to sell its telecom towers. we had speculation on whether a sale might happen. getave to see whether we another significant move when the markets open later on. shery: we have plenty more coming up. we will tell you why the government currency band succeeded. this is bloomberg. ♪ tracy: welcome back. you are watching bloomberg. hasy: the indian government been desperate to curb the country's enduring lost for gold. im

carriers have been lobbying against gulf carriers.nteresting there is not complete overlap between the u.s. and u.k.. uae off has left the its list. >> i think it he former question, the first question, the first state to cross over to startmmercial world and taking sides on these particular issues makes no sense to me. i hope that has not been the case. i believe the united states had a clear and present threat presented to them and they have acted accordingly. if it is as they suggest it is an there is a concern, it should be applied to the airline industry universally. in other words, if there is concerns about activities with terrorist groups using laptops, these can be carried on any aircraft, anywhere. that really needs to be looked at very carefully. the notion they should be confined indefinitely to these countries prescribed by the nine states is a work but -- prescribed by the united states is a worry. more universalde and its applications, as indeed the liquids and gels were, the shoes. as the united kingdom is concerned, t

will span 900 miles and have the capacity to deliver a hundred thousand barrels of oil per day to the gulf coast refineries. this $8 billion investment of american energy was delayed so long it demonstrates how our government has failed this citizens and companies. today we begin to make things right. we take one more step to put the economic security of economic citizens first and put america first. with the keystone xl pipeline moves forward this is the first of infrastructure projects my administration will approve we have already working on big ones to put americans back to work and grow the economy to rebuild the nation russes day heidi respected me and in the energy world president of transcanada and know you will do if fantastic job. and. >> an important day for us on behalf of the thousands of people who ever worked very hard to get here in some of those construction their actual fires in reid have a lot of work to do the most reliable way to of the product to market. so with that important tax revenues as these communities benefit greatly teachers and nurses and to make those plac

carriers have been lobbying aggressively against colts carriers -- against gulf carriers. is not complete overlap between the united states and the u.k. yes, i think in the first question, the state of crossover into the commercial world and taking sides on these issues makes no sense to me. i hope that has not been the case. states has reacted accordingly. on the issue i would say if it is as they suggest it is and there is a concern, it should be applied to the airline industry universally. in other words, if there are concerns about activities of terrorist groups using laptops, these devices can be carried on any airline anywhere. that really needs to be looked at carefully. the notion that they should be confined indefinitely to these countries as described by the united states is a worry. said needs toas i be more universal. as were the liquids and gels were, the shoes situation. there are a lot of interdicted terrorist activities. as far as the united kingdom is concerned, they make their own call regarding the procedures they require the dividing -- the dubai securi

allies, jordan, egypt, saudi arabia and the gulf states. flying into u.s. airports overseas will be barred from bringing electronics bigger than cell phones in their carry on luggage. >> likely they developed intelligence that a group or individual developed a device they can get on to an airplane using a laptop or other electronic appliance. >> it prevents laptops and electronic games and tablets but those items on the list must now be checked in. officials hoping they can prevent ta tacks like this one last year a laptop full of explosives like this one was detonated during the flight ripping a hole in the jet liner over somalia. >> they are taking an extra step to take anything that could be packed with explosives out of the cabin. >> reporter: the department of homeland security is giving those ten airports overseas 96 hours to comply with the directtive that has no end date. >>> friendlies opened their first drive-thru location in south jersey, can you get a sundae without leaving your car. it first opened in massachusetts in 2013. the manager says the

it will drop down from the gulf of alaska. it will be colder. the temperatures will drop by 20 degrees from what we had this week. and a drier storm system. so i do think our flooding threat will be lower. look at it right now and it is quiet and clear biffle tomorrow morning, i do expect a chance of showers to return. mainly across the peninsula. for the tri-valley, 46 and 48. the best possibility of any rainfall at all would be into the north bay and 47 for tomorrow morning. and right near san francisco and 49. north bay tomorrow. as we head throughout the afternoon, things develop toward east bay. some of the isolated heavier pockets of rainfall. and then it pushes right down toward the south bay and a good portion of the east bay. so the next thing continues to be, how much rainfall will we see? again, not a major storm system. most of it, you will see that it kornlds to a quarter of an inch. you notice bright areas of yellow for the higher elevations for the east bay and north bay and santa cruz mountains. so we are going to get through thi

in a letter released, they said emirates and other gulf airlines have an fair advantages because they receive millions in government subsidies, they say are costing americans jobs. the signature is on that. welcome. good to have you with us. >> thank you for having me. >> i assume lots of airs get some form of government six did i or another. and it is not new news that emirates may or may not get those six dis. sue will follow one that in just a moment. why now? why are you objecting to this one if emirates has been doing business? i flew from new york milan two years ago. >> it is really a serious issue for us. i have the airport in my district. and we feel it is unfair competition that they are subsidized. $50 billion is quite a subsidy. and it really gives unfair access for emirates taking this flight from athens to newark. >> on the emirates website, they basically made a statement disputing your claims saying the thought that they were receiving six disis pat endly false. their words. they say what u.s. legacy carriers really want is protection from competition. what do you say

this will move over the gulf stream. that will help fuel up the storm system. it's going to deepen rapidly, consolidate and be a very intense storm system as we head into monday night and throughout the day on tuesday. very tight pressure gradient expected along the coastline as well. that's really playing into a big role with this as well. let's look at the timing here. tuesday morning moving towards the east of washington, d.c. definitely around your morning commute. it will be just passing by. eventually into boston heading through tuesday afternoon and tuesday afternoon. it should be moving off rather swiftly. that's the good news with the storm. it has a move on. by the time we head into wednesday, we're going to be looking at vastly improving conditions. meanwhile, in total, we could see about 60 centimeters of snow. the wind is the big issue with this storm system. it will be reducing visibility. dangerous travel conditions. power outages possible as well as this does continue to move off and widespread school closures already in place. looks like a lot

coast and the gulf coast region.e 45,000 jobs, and they are great jobs, $100,000 average , and this is something that was done to a large extent because of our policies and the policies of this new administration. our guest is still with us crude when you hear donald trump and with the latest ban from the six countries, does that concern you? do you regret having had tieups with donald trump? and creater business star you to our customers and our silence. part of how we do that is associating ourselves with great brands. of thatery proud partnership with the trump organization. it adds value to us. we had a great inauguration of our first golf course two weeks ago in dubai. yousef: so you are not reconsidering that, any additional projects going forward? perhaps those are no longer a consideration? >> with president trump in office, what they can and cannot do would be a decision for the trump organization. however, we are very proud of the association, like we are with all our brands and they continue to create valu

$108 billion in average annual losses from hurricanes and coastal storms on the eastern seaboard annd gulf of mexico. and in some states, a loss of up to 70% in average annual crop yields. extreme heat and humidity would also threaten human health, reduce labor productivity, and strain electricity grids. >> global climate change over time poses seve e thres toto life on eartasas we ow i it daday. a as s ti goes s , thosseseverehreaeatsecomee greerer andreataterand ultimately ththink ve t the potentialf f becong cattrophic. >> even you're skeptal abo clilima change,here''s no enying tt it t esents major isks thano c cpany, city, or couury can afford to ignore. >> i belve the arican business community canndnd mus leadadhe way in helpgg to reduce thesririsks. to rise to the challges of climatchchangetheyey mt do so now. this n not a pblblem for anotr r day.he i invtmentsts we'rre mang t tod willl detmimine o ecoconoc fututu. >> according to the u.s. government's 2014 national climate assessment, average temperatures have increased by as much as 1.9 degrees fahrenheit in the u.s. since 1895, w

is now breaking down due to that area of low pressure to the north that is just falling out of the gulff alaska bringing in cooler air mass, as well. we are going to track the rain together. i'll tell you exactly when to expect the raindrops and just how much to expect as well and, anne, that's coming up later in the newscast. >> thank you. >>> the man arrested for taking part in a shootout on the streets of san leandro has been charged. marcus jones now faces several felonies for the weapons and drugs police say were found in his apartment when he was arrested. but he has not yet been charged for the shootout itself. he is accused of shooting from his car at another car in an afternoon gunfight back in november. one of the cars then hit an elderly couple who was driving. both were seriously injured and are still recovering. police believe they now have both shooters in custody. >>> the widow of the orlando nightclub shooter will remain in jail at least for now. her request for bail was put on hold. a california judge ordered noor salman to be released on bail earlier this week. but a f

company ine first the gulf, the first issuer of green bond.give up on a little bit of fraction. are, of structural changes and have been happening. we spoke about saudi aramco throughout the program. these are big changes. a reshuffle of state finances. digests thatow it traction, or lack thereof in the oil market. absolutely, we are down to the reopen here. and edwards us right now from london. what is top of mind right now. : we are focusing in on the brexit story once again, a day before teresa may, the prime has her plan. the brexit secretary here and bring in has been weighing in on how big the divorce will be for the u.k. when it decides it wants to leave the eu. the brexit secretary saying that the sum britain will have to pay will be nothing like the some that have been mentioned by eu officials. he is referring to the 60 billion pound bill that the president has talked about. could be a stumbling point for the brexit negotiation before they have really got underway. eu will respond within 48 hours or so. parliament will be voting on w

nst iot ju the gulf, but the broader middle east.re the 23rd largest by market cap, the 13th largest market in the world in terms of traded volume. even with a traded volume you are mentioning today. if you take in the narrower region, saudi capital market is larger than other gcp markets combined. ascan see it playing a role a gateway to the region. not just for foreign investors, but for issuers looking to issue in the local market. the regime is one step toward that. we believe that changing the settlement cycle and technical parameters are going to be the final requirement that will lead to most international investors wanting to invest. yousef: in your expectation, this will be the catalyst for capital influence? the reforms since last summer, the amount of foreign investors has not jumped massively. a minute percentage of total market caps. >> the percentage of foreign investors today is still about 4%. from the discussions we have had with international investors, we have found that while they have been encouraged with the cha

it gets to the gulf coast, and because of that, you have this giant sucking sound along the gulf coast of gas that needs to move offshore and therefore we need to get more pipes down there to be able to accomplish that. >> you mentioned mexico. when i think of mexico and i think of pipe, the late aubrey mclennan took us to utica and i said is this all u.s. pipe? he goes, no, it's all from mexico. we can't afford it. that's changing, isn't it? >> that is changing. president trump has at least made the statement that all pipeline projects in the u.s. will need to be sourced from u.s. steel. now, we hear a lot of concerns from our midstream clients that they're worried about that. but on the other hand, the steel companies, they say they can do it, and i think they've talked to you about that. >> we had nucor on, and frankly they can be the lowest cost producer. it's entirely possible they can outbid anybody. but what i'm shocked at is that when you take places like the permian, they actually need a huge amount of pipe in what i thought was the most overpiped area of the country. >> no. w

warm airfrom the gulf brewing. the possibility of some flooding. mexico, and that is collating with cold airfrom mexico, and that is collating with cold air from the rockies. and torrential downpours, yes some embedded tornadoes. and coming to the midwest, over the course of tuesday, going from the great lakes to the deep south. moving ever so slowly. it is going to continue to track, bringing some weight weather, and then the weather settles down. but yet more weight and windy weather, for the pacific northwest. it has been rough, and snowfall again. in la, pleasant day. the area of next severe weather, australia. this massive cloud was a cyclone. it has weakened to some extent, but still a rainmaker. going has weakened to some extent, but stilla rainmaker. going inland, and a lot of wet weather to come, across these parts of oz. and enawo, closing on madagascar, peaking in intensity at the moment but it is due to make landfall over the next hours. few probably early tuesday, and then going inland. major disruption and some destruction. it is real

on the satellite you can see all of that cold air pouring in from the gulf of alaska.art to build in tonight and the rain should move north. we'll likely see a mix of clouds and sunshine tomorrow with more sun in the afternoon. temperatures will also be warmer and in the upper 50s to low 60s. warmer and dry weather will continue into the middle of the week with some inland highs in the upper 60s and low 70s. along the coast an old friend will make a return, fog. that should keep the temperatures at the coast in the 50s to low 60s. things a little unsettled in the long range could see a showers next weekend. ahead at eight.. it will only get worse... that's what bay area leaders are saying about crumbling, pothole-ridden roads. now they're calling for emergency action. an explosive allegations from president trump. accusing his predecessor of tapping his phone. stirring a war of words in washington. and next we're learning more about a fire that shut down bart service and stranded hundreds of passengers. an explosion - at an east bay bart station. it stranded hundreds o

that was kind of the perception of the -- certainly of the gulf states. and i think they have an expectation of what the trump administration will do, but, you know, it remains to be seen what that means in practice. >> okay. the lady next to david pollack? could you say your name, please? >> i'm ann garen, reporter for the "washington post." i guess i would put this to both of you. we used to hear a lot about americans held in iran and what role they played in potential diplomacy, or deal making or sanctions involving the united states and iran. and really, since the release of jason ryan and the nuclear deal, seems to me we've heard a lot less about that. and yet there are at least two, probably more that i'm not aware of, americans held there. do you expect that to return as an issue between the united states and iran, as sort of a front burner issue? and if so, how? and do you think the travel ban will influence iranian thinking or behavior with regard to the americans that already hold, or in likelihood to take more? thank you. >> that's a very good

gulf coast. environmental groups say they will continue to fight the project. >>> tonight there are new questions about the bombshell revelations from the gop chairman of the house intelligence committee. this week revealing he had seen evidence that president trump's aides and possibly even mr. trump himself, were monitored by the u.s. during the transition. now he's backtracking. nbc's peter alexander has details. >> tonight the republican chair of the house intelligence committee, devin nunes, now saying he's not sure if president trump and his associates were monitored by u.s. spies, or just mentioned by foreigners under surveillance. >> we don't know until -- we won't know that until we actually -- receive all of the documentation. >> it's a dramatic reversal from the certainty nunes showed, dropping this bombshell just 48 hours earlier. >> i have seen intelligence reports that clearly show that the president-elect and his team were, i guess, at least monitored. >> president trump at the tim

spills like the bp disaster in the gulf get the headlines, but they're a fraction of the problem. the new film, "oil in our waters," exposes illegal oil dumping in the shipping industry. director micah fink explains. coming up on "earth focus." [indistinct radio transmissions] richard: to any authorities concncerned: this is to inform u of illegal discharging of oily water frfrom bilge tanank, which happened last december 14 and 17, 2009. the chief engineer instructed as to make a bypass flange to discharge oily watater oveverbo. we are asking help to any authorities concerned about this, because we must protect our environment and our marine lives. sincely yours, the engine department. this is an image that comes from a satellite. it shows a ship and it shows the path of oil behind that ship. aerial surveillance shows an oil slick in the wake of a ship. this is side-looking airborne radar. here's the ship. there's the oil. and lastly, that's oil streaking on the side of the ship, called a comet streak. this is evidence of a crime. the ship is underway, so only some of it sticks t