hadley: we will probably go 35 minutes or so. the last 20 minutes or so we will have questions from the audience. the way we would like to do that is there are three cards in the audience. write your questions on those cards. we will also take some from the media. will try to start on time and end on time. let me begin with the national defense strategy, which if people have not read they ought to. it is an extraordinary document. it describes the present time as one of global disorder. it talks about the decline of rules-based international order established at the end of world war ii. we see that disorder today in the headlines, weather about russia, north korea, iran, or china. all of which is contributed to defense strategy's characterization is the most complex and volatile security environment we have experienced in recent memory. as you survey this landscape, how do you prioritize the challenges to american and global security? you have talked about alliances as partners in dealing with challenges. how do you enlist -- how

you heard hadley's report. it's surprising. understand that iran is coming offline, but you have russia and saudi arabia increasing production or saying they will are you surprised we're at 86 on brent? >> no, we're not surprised what we're seeing is saudi sort of at record levels, high levels achieved before. russia production is up about 300,000, 400,000 barrels a day, they're trying to accommodate the current loss in iranian volumes. the issue is how aggressive the u.s. is being on sanctions on iran, the lack of waivers, whether all iranian crude exports will cease if that's the case, then $100 is perfectly plausible. that's not our best case we're not expecting iranian exports to drop to levels much lower than what they are now we will need to see how this evolves in the coming weeks. >> there's been talk about these so-called ghost ships, basically iranian crude going around the world in unmarked or untracked ships because they don't want anyone to know who is buying it. the point is they'll still try to sell oil. will the

let's go to hadley in riyadh >> all eyes will be on riyadh when in a couple of hours from now we areected to hear from the crown prince of saudi arabia, mohammad bin salman this is the first time he has spoken out since mr. khashoggi's death and disappearance. this is a major international summit for saudi arabia, and despite some big-time investors pulling out at the last minute, there's been a strong presence here from russia and asia and it's still well attended this is against the backdrop of that speculation following the investigation into mr. khashoggi's death and the president weighing in yesterday saying it's been utter chaos let's listen in. >> they had a very bad original concept. it was carried out poorly. the cover up was one of the worst in the history of cover ups. bad deal, never should have been thought of somebody really messed up. they had the worst cover up ever and where it should have stopped is at the deal standpoint where they thought about it. whoever thought of that idea i think is in big trouble. >> u.s. president donald trump weighing in on the investigati

and teach hadley was national security adviser under president george bush.s a principal at the international strategic consulting firm. we're going to play a little bit of a simulation and take you into the national security council. and what i'm going to arbitrarily say, roughly speaking, steve, i'm going to take your old job and i'm going to be the national security adviser. there's no prospect of that actually happening. you're going to be secretary of defense, you're going to be the head of intelligence, and you're going to be the secretary of state, sam. so i don't want you to think too much about the position. i want you to just give your best advice. mike, you have the saudi situation. the turkish government has now made absolutely cheer that they have, from their point of view, incontrovertible evidence that the saudis did what they did, the saudis deny it. then they finally acknowledge that khashoggi was, in fact, kid. now the most recent twist is they acknowledge it was premeditated. what is the intelligence community's value here? what do you need

hadley gamble is standing by for us in riyadh let's start with tracie potts live in washington, d.c.the secretary of state has been sent to riyadh on a mission by trump the president says he is there to find out what happened to khashoggi and also what, if anything, the saudis knew about what happened to khashoggi it's interesting because now sources are telling us that the saudis may be ready to admit that they are aware that he died inside their consulate that it was a mistake, that it was an interrogation gone wrong. earlier they said they didn't know anything about it but they also said they believed he left the consulate alive. mike pom fay peo this morning i saudi arabia trying to get to the center of that and president trump now urged to discontinue weapon sales to saudi arabia until this is all worked out, and saudi arabia threatening to raise oil prices if we do that. >> a complicated situation thank you, tracie potts. let's go to hadi gamble live in riyadh >> a couple hours ago u.s. secretary of state mike pompeo arriving in riyadh he met with saudi arabia's foreign ministe

a key risk event coming up next week with the introduction of the iran sanctions hadley, as you know very well, this is going to be very, very important for the region particularly with the tensions in saudi arabia. >> i think it's goings to be very interesting next week and we've seen the israelis here mr. netanyahu's visit to milan, there are visit tors ors at thee the property market is a big play here in the uae let's listen in to what he had to say. >> we're going to see at least 18 months to two years a tougher market, a difficult market that doesn't bother me that doesn't affect me the city is still growing. the city is vibrant, biggest in the world. 160,000 rooms, 14, 16 million tourism going to 20, 25 million. export all the good news. yes, global supply has created a correction >> that was the executive chairman of damac properties dubai is still the best place regionally given the instability, it works for dubai. >> look at the population trends in this part of the world as well i think the population was up 8% in q3. more than 800,000 people have moved to dubai this year

and saudi arabia are growing, following the disappearance of a well known journalist hadley gamble isin riyadh for us hadley >> reporter: hey there secretary of state mike pompeo will be here by breakfast time, meeting with saudi authorities trying to find out what exactly happened to missing saudi journalist jamal khashoggi the repercussions of this have really been felt in the last 24 hours in riyadh, a lot of response from the country in terms of how they see this playing out. they continued to say in the last two weeks that essentially this is a situation that is further developing, this is a situation that needs further investigation, and they have been very hesitant to come out with any facts so far, but president trump earlier today getting a chance to speak with king salman on the phone, said the king firmly denied any saudi involvement, so if they find saudi involvement in an internal investigation, there will be consequences and the president speaking to reporters a few hours ago from the white house, essentially saying rogue elements were involved potentially. a lot of spec

hadley gamble has the latest what can you tell us >> good morning.o let me quickly walk you through what we heard from turkish officials including the president over the last 24 hours or so. they say they found evidence inside that istanbul consulate that showed that areas had been painted over there was a scrub job done on that building. they also have said that they are releasing the names and passports of 15 saudi nationals that they say were involved in this incident. and of course there continues to be media reports about potentially audio recordings showing how mr. khashoggi met his fate it's interesting to note those audio recordings still have not been released to the public. the saudi officials that we've been speaking to and they've said the investigation is ongoing. let's listen to what the secretary had to say on the tarmac as he was leaving riyadh earlier this morning for turkey. >> they told me they would conduct a thorough, complete, transparent investigation. they made a commitment to hold anyone connected to any wrongdoing that may b

let's get out to hadley. it's been noisy on the wires this morning with turkey's foreign minister saying they have not released information to other countries and news from riyadh this morning that one of the key investors with saudi arabia, masa son, will not be turning up at davos in the desert >> that's right. as any story in the middle east goes, a lot of moving parts they seem to all be happening as we go to air. essentially what we know is the president of turkey will speak in about a half hour he's basically teased this up the last couple of weeks, allowing dribbles of information here and there about what happened to jamal khashoggi in that istanbul consulate. he said he will reveal the naked truth and all eyes will be on president erdogan and what he has to say we are told u.s. officials have not heard these recordings that were reported again and again in the turkish press to reveal what happened to mr. khashoggi. right now the future investment initiative, this davos in the desert investment summit

i believe you're going to stay with us as we're going to transition for a moment to hadley gamble, our correspondent covering this story for us from saudi arabia hadley >> reporter: as you guys have mentioned, secretary of state mike pompeo on his way to riyadh we expect him to be here tomorrow morning in the almost ten years i've been covering this region, i have yet to have seen a u.s. saudi relations at such a critical point i think it's interesting that over the last 24 hours we've heard so much from the saudi government in the terms of statements essentially coming back out and pushing back against comments we heard from president trump about potential retaliatory measures they said if anything happens in terms of an escalation, they're prepared to escalate on their side as well we heard them coming out as well and talking about the fact that they say they have nothing to do with the disappearance and potential death of khashoggi it's interesting you have this much movement in the last 24 hours. it does speak to the fact that this relationship is under serious pressure we do know

. >> let's get out to hadley in riyadh and has been in riyadh the last 24 hours. what message is pompeo's visit sending to the international community and also to the saudis who are now confirming the journalist's death >> i think it's showing that the united states is taking this seriously. these relationships are frankly one of the most important to this administration. you will remember that saudi arabia was the first international trip that president trump took after going into office. certainly the support of the trump administration is really a boon over what we've seen the last 20 years for the saudi vision and crown prince mohammed bin sal lmasalman's intention te away from oil dependency mike pompeo has met with saudi arabia's foreign minister. he's probably on his way now to meet with king salman himself. there are a lot of questions about what will come out of this meeting. we've been speaking with saudi government officials off and on asking if there will be a press conference today when can we expect to hear from the foreign minister on this saudi ara

the saudi market has lost a billion dollars since last week. >> hadley, before you go what has been thection on the ground there are a number of reports just from the citizenry, people who have been prout of him and now they're saying how frustrated they are. is there any sense he's losing support on the ground? >> reporter: not necessarily, andrew, because as you can possibly imagine, people here are being very, very careful with what they're willing to say. at the same point i have to tell you having covered this region for ten years and coming to saudi for the last five years and having observed the rise of crown prince mohamed bin salman and all of the enthusiasm, the older generation certainly horrified by the media reports that we've been seeing and the idea that the saudi government seems to have lost control of this narrative the younger people as well quietly telling me, many of them, that they're extremely disappointed with the way the you saudi government has handled this >> hadley gamble there >>> dick parsons, as you may have heard by now, is resigning now from the board cb

hadley gamble's live on the ground for us in the kingdom in saudi arabia and riyadh. dom just hours after president of turkey erdogan came out and essentially said that these folks were going to have to provide more answers as to what exactly happened to jamal khashoggi, we saw the crown prince of saudi arabia, mohammed bin salman, arriving at the davos in the desert to a rock star's welcome he was crowded by supporters they were all looking to take selfies with him i have to tell you, even though some 25% of the c suite level major international ceos and investors like steve schwartzman, like larry fink, like richard branson decided to drop out of this summit, he still had a very, very heavy crowd awaiting him when he arrived today and certainly it's been an interesting sight to see. $55 billion worth of commitments in terms of investments announced just in day one. and frankly a lot of support from folks in the region we saw mohammed bin rashad, who is the uae's prime minister and the ruler of dubai we also saw king abdullah 6 jordan we also expected to see lebanese

now in turkey where he is prepared to meet president erdogan as investigators widen their search hadley, just walk us through pompeo's 24 hours s is in saudi arabia >> what we've seen over the last 24 hours is secretary pompeo arriving in riyadh yesterday he met with the king briefly, he had dinner with mohammad bin salman and not much came out of those meetings they seemed to stick to the script saying this was an ongoing investigation. but let's listen in to what mr. pompeo had to say just ahead of his departure earlier today for turkey >> they told me they would conduct a thorough, complete, transparent investigation. they made a commitment to hold anyone connected to any wrongdoing that may be found accountable for that, whether they are a senior officer, official they promised accountability for each of those persons who they determine as a result of their investigation deserves accountability >> including a member of the royal family >> they made no exceptions they were clear. >> the secretary of state essentially saying the saudis promised accountability in the investigation even

let's go to cnbc's hadley gamble from riyadh. >> reporter: hey, good morning, brian.t's right over a billion u.s. dollars wiped off the saudi market turkey's president vows to release his version of events over the weekend and the saudi government finally speaking out. let's listen in. >> the reports we were getting from turkey did not comfort to the reports the team provided to us when they returned to saudi arabia we asked the public prosecutor to launch an investigation we discovered there were discrepancy. we discovered he was killed in the consulate. we don't know how. we don't know where the body is. the public prosecutor put out orders to detain 18 individuals for questioning and possibly facing trial and the king also dismissed a number of senior officials. this is to be the first step in a long journey we are determined to uncover every stone. we are determined to find out all the facts. >> reporter: that was saudi arabia's foreign minister. just to give a quick rundown on what we know from the saudi side of things. 18 saudi nationals are being detained two v

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. >> hadley gamble for us there in riyadh. thank you. >>> josh, you have some new reporting here with our colleague ayman moll ha dean. this new plan, what is it? >> we don't know exactly what the saudis are going to say. we do know they are discussing some way to move forward beyond saying that khashoggi left the consulate to say, okay, yes, we do have some culpability. he clearly was killed after entering the consulate, but that they want to try to isolate the leadership of saudi arabia, king salman and crown prince mohammad bin salman from this saying they have plausible denyability. they were not involved in ordering this. they did not know about it. some type of offramp that allows saudis to save face, try to deescalate this with turkey but admit that something terrible happened and mr. khashoggi is no longer alive. we know as secretary pompeo was headed to the region to meet with saudi officials that the u.s. was aware that the saudis were preparing for an about-face of sorts on this to say, you know, we're ready to come

carl >> hadley, i'll take it, thank you.mble reporting on this developing story from riyadh when we come back, a mega deal l 3 and harris merging we have the details. plus more with the ceo of textron, "squawk on the street" will be right back don't go away. >>> we've got earnings from bank of america you can see what the spdr has been doing let's get over to wilfred frost for more on the earnings >> banks have for the most part delivered decent earnings so far this quarter bank of america today had their strongest net income number ever eps came in at 66 cents ahead of 62 cents estimate and this was down to strong core performance in their retail bank loans up 3%. deposits up 4% and credit quality remaining strong however, despite positive absolute loan growth, the number was a little behind consensus. if we look at the bank that have reported, the sector-wide loan growth is around 2% which is underhill wi underwhelming. however that hasn't been accompanied by falling credit quality which does encourage bulls out there. ove

joined now from riyadh by cnbc's hadley gamble. as this investigation continues to unravel, what more are we learning? >> reporter: well, craig, the mood here in the saudi capitol remains one of defiance. what we've heard over the last 24 hours, a muted response from the saudi government. they continue to say innocent until proven guilty. it's pretty clear from those comments we just heard from u.s. president donald trump that he does have the back of saudi arabia and the saudis seem to understand and know that. taking a look at some of the papers we saw coming out over the last 24 hours, they understand here that they are going to be given the benefit of the doubt. i think that's pretty clear, and it's interesting to note that i spoke with a couple of diplomatic sources over the last 24 hours, and they were essentially telling me we're already trying to figure out how we're going to use this to our advantage. we're talking about how they're going to use this to push the conversations forward when it comes to yemen, when it comes t

hello again, hadley. >> reporter: good morning, joe so saudi officials feeling the heat after remarks dial up a notch and yet keep wiggle room for himself. let's listen into what he had to say. >> translator: the information and the evidence that we have so far collected indicate that jamal khashoggi was slain in a vicious, violent murder. whitewashing such action injures the conscience of all humanity >> reporter: just to break this down for you guys, president erdogan essentially saying he wants the saudi nationals being held at the moment in connection to the case removed from saudi arabia, brought back to turkey to stand trial but all of that comment without any more information about these much-reported audio recordings we've heard about over the last couple of weeks. he didn't mention them and what he said again and again was he had a good conversation with king salman and he wasn't touching the idea that the crown prince of saudi arabia had anything to do with this whatsoever. >> thank you very much hadley gamble. >>> when we come back this morning, some quarterly results that

hadley, in the enthat, the crown prince is likely to say -- stay and certainly not be punished, then what? >> certainly this story is riveting, fascinating, and horrific some of the details we're finding out however the united states as previous guest mentioned has the responsibility to put our national interests first. what that means in the area of the middle east is a very complex policy. we're dealing with a region of the world rife with bad guys, various interests and especially our policy toward iran. we have to continue to keep not just our economic haves in mind but also our national security interests in mind. i don't know that this event will make a full reshaping of policy in the middle east, certainly concerning something we can condemn, i don't know that it will result in a foot basket turnover. neil: brian wesbury looking at impact, what do you think? >> hard for me to imagine, this issue with saudi arabia will change the course of the u.s. economy in any major way. no doubt in the middle east and if you look at global arrangements that we have with the saudis and with,

hadley >> reporter: good morning, andrew so u.s.e pompeo landing earlier this morning in riyadh. he met with the saudi foreign minister and then headed over to meet with king salman. we understand that later in the evening he plans on having dinner with the crown prince of saudi arabia mohammed bin salman what we've seen in the saudi markets has been a roller coaster ride currently trading about 2% up for the day. but this has been a very, very concerning story to investors i've been speaking to here on the ground of course it all plays into this broader narrative of what's going to happen next with this future investment summit larry fink there saying even though they're not going to be attending that they aren't pulling out of saudi arabia. and i think that's going to be part of the narrative we're going to hear from the u.s. government going forward because at the end of the day, saudi arabia, of course, is the country that we export the most of our weapons to. we also understand they hold about $200 million in u.s. treasuries th

we talked about my own trey trevails hadley gamble joins us. >> reporter: it's been a rapidly moving 24 hours from riyadh. the message finally seems to be that the kingdom refuses to be bullied. this response was in part not just tot disappearance of jamal khashoggi but it was also directed at president trump saying there could be serious repercussions if the kingdom is found to have been involved in the disappearance of mr. khashoggi. in a statement that came out and said if any actions weren, there would be retaliatory they said they appreciate that the united states and other allies have been understanding about the need for a thorough investigation into the disappearance of mr. khashoggi, but of course we have seen the kingdom largely silent over the last two weeks that's had major repercussions for the markets. yesterday the saudi to dowel was off. it closed down 3.5%. it's made back some losses but this has had, of course, implications for oil we've seen the oil at 1% it's m a major impact on what's going to happen in a few days with this davos in the desert. we've seen several

you may have noticed this pop up a moment ago as hadley was talking. these are our fox power rankings. we're in the studio with neil leading on election night we'll talk about this as well. five senate teets fox ranks as toss-ups, could go either way. missouri, florida, arizona, nevada, indiana. what is interesting, states getting in the lean column, lean republican or lean democrat. see the light red on texas. that is tightening up again. ted cruz has the lead. late surge in polling numbers from beto o'rourke. texas is now lean. more interesting, i don't know what it means if anything, tough to see, small on the map, new jersey light blue, the menendez seat has gone into the lean column. we talk about what if scenarios. president going to a place like florida, what if blue, you can imagine that state flipping over to the red column. by the same token, go out to state out west like nevada, see that flipping to the blue column because there are what if scenarios are complete toss-ups. can you imagine state like texas to being blue? looks strange on the

activists being detained and a whole long list of quite prominent people in saudi arabia do you think hadley's that that image that he was been he's been trying to impose quite successfully in the west will be a little bit shaken by this. disappearance. well we'll. all. during the course or. will see the whole or little people will open up. quick or sports in the united states ok well international pressure has been growing on saudia saudi indic a surrogate case the u.s. has voiced concern and this is what the u.n. had to say we're very concerned about a number of recent cases of reports cases and reports of violence against journalists. including the murder of victoria marie nova in bulgaria the disrepute of disappearance of jamal. both publicly and privately the secretary general has often raised this issue with member states the secretary general's position is clear a free press is essential for peace justice and human rights for all he reiterated his call on all governments to strengthen press freedom including ensuring that there is just a semi countability for crimes committed against jo

reverse of what you were chosen to give a lecture from the guardian journalist hadley free when. various people saying the canary should not be suspecting journalists of showing partisanship us foreign policy when covering central america this kind of obscure is really i mean it was therefore you should not be able to give the good. i think the bottom line is i've been scheduled and i was invited incidentally this is not something i asked for i was invited by the by the national union of journalists but members of the speech accepted because it was an honor i had no one venue you know i didn't care frankly it was about the speech it was about could it james. later find out is in the guardian building in two weeks before the event this email apparently going is rivalled. well that's their view i mean we're here to talk to the far right. where the rules are our first ration with the guardian is there always complicit this boy in the rise of the far right in a puff pieces by outright fascists meanwhile condemning leftwing people who just want to share more as the chief threat to jew

mickey hadley despite some pretty strong positions on the iran on the on that is stein and sometimes some clashes with the european allies like you have the had managed to be respected by everybody even an actual real professional grasp on the on the u.n. related issues so she was consider as one of the grown up and dumped in the trunk of the net and clearly this is becoming a rare or by the day. when you say she's another adult in the room does that mean that she's a very difficult it's a very difficult position for who have a follows in the job of the side of the u.s. midterm elections i think there are two questions one is indeed on who is going to be the person going to trump is going to put in that position whether he's going to go for a more radical choice like he did with his national security adviser ambassador bolton so whether he doubled down you know having hoax and very strong you know nationalities foreign policy experts or whether he's going to go for another month mainstream republican figure like mickey alley and just second question which is important is what is she

joining me, hadley heath manning. when we got this sworn statement from julie swetnick, everything just stopped. we wondered if this nomination would in fact be pulled by the claims made. but when you started reading between the lines she wasn't saying wait originally appeared she was saying, what michael avenatti claimed she would say once we got this document. now she goes on nbc news and her story seems to be falling apart. what's happening here? >> if you read the original statement it was heartbreak. it made you think about these assaults that are allegedly taking place on college campuses and the victims of sexuality assault who have to watch our country be so fiercely divide. and with this initial statement from julie swetnick was a bunch of insinuations. she would say things like i was gang raped at the party, and brett kavanaugh was there. hopefully -- her hope being people would put two and two together and see this is another allegation against his character. kennedy: you can see some of the implications we

the a's will start william hendrix and hadley to finish from the bullpen and the yankees start with luisa moreno. for the a's, it's a big opportunity to extend a magical year. >> our team doesn't quit. we fight and we will battle to the last out and we believe in each other. >> they are hungry. y they are tired of getting beat up by the astros and they are coming into fight>>> first pitc york is at 508 -- 5:08 and in case you don't want to watch the game at home you can come to the coliseum and they will open up arng is free. and if all goes well, the winner will head up to fenway park and take on the boston red sox. they won 108 games this year and the a's actually won four out of six against the red sox including two fenway park. first things first. they need a win tonight in new york that's the latest outside the coliseum. i am frank mallicoat, "ktvu fox 2" news. >> we will have a full recap of the game tonight on our 10:00 and 11:00 news. >>> today on the ninefrom new y sexual abuse in the classic --c filed a lawsuit saying they covered up abuse by priests in california. tom edmonds w

with us gabriella santos is joining us for the house and we will talk strategy with keith parker hadley gamble has the latest from riyadh. we will start with a check on the markets. let's look at things after wild ride yesterday the dow futures down by 87 points yesterday the dow dipped by over 500 points it ended down 126. clearly a lot of uncertainty people with questions. we'll hear from more companies today. earnings season pushed things over the edge yesterday with disappointing results from caterpillar and 3m look at the s&p futures. they're down by 14 points. nasdaq off by 53 again, we'll watch this closely. since the election the dow is up by 37% the nasdaq up by 43% s&p up by 28%. you have seen those gains eroded at some point. we'll see what this means. the dow and nasdaq having the worst month since january of 2016 a lot of things happening today. you're likely to see big moves again. >> earnings are higher than last year a lot higher like 20% >> guidance. >> revenue is higher maybe not as much as previously, but the comps get tougher. >> they do >> next year and the year aft

charles: a huge win hadley heath manning, the independent women's forum. erdogan seemed to be dig his heels in. i don't think a lot of people expected this to happen so quickly. >> it's a win for president trump and a win for ways right and what is good. but it's a travesty that this happened in the first place. this is all too common in turkey for people to be jailed even under false and ridiculous charges like those faced by pass for brunson. it's a sad reminder not everywhere in the world do people have the same political, religious and civic freedoms we have. charles: in this particular case from turkey which is becoming a more integrated part with the west. >> we should hope for better from turkey certainly. but this is a recent pattern of abuse against not just people like pastor brunson. but other journalists. anyone who defended against the state, and turkey is at risk of being treated similarly. enter quiche people can be prosecuted for up to 35 years for charges that's pastor brunson faced. that's not right and we should expect better from turkey

. >> hadley gamble spoke with mohamm mohammed ed el-erian this mornig she is joined now by someone who a few things to say about that >> i'm joined now by mohamed el-eri el-erian talk about what we've been seeing the last couple of days is theparty over >> i don't think so. i don't think it's surprising that we've seen a spike in volatility i always say what took so long banks havea while. if the markets wanted any reminders of what's going on, they got it from the ecb because despite losing momentum in the european economy, despite italy and emerging markets, despite trade we are still intended to stop our qe at the end of the year. >> when you step back, what are some of the known unknowns keeping you worried? >> i think this divergence theme is an important one. divergence is a different issue. we're seeing interest rate differentials between germany and the u.s. stretch to high levels we will see more pressure on the fx markets there's an issue dealing with divergence the way to deal with that is to get europe to act on policies and pick up. the second issue is we underestimated li

. >> hadley is in riyadh it's interesting to here him admit that, that he had been killed if they hading for softer words, they're not seeing it this morning. >> they're not, jomana, the short answer is it's time to come out with something. we still don't know all of the details. we still don't know where mr. khashoggi's body is. a lot of questions remaining unanswered president erdogan is going to publish the naked truth, the entire full story of what happened there are audio recordings that they say are allegedly really determine what happened to mr. khashoggi inside that consulate in istanbul. a lot of questions about what this means for the u.s./saudi relationship as well the democrats and republicans can't find any resolution on bipartisanship it seems like this crisis is bringing them together let's listen >> we are formally expelling the saudi ambassador from the united states until there is a completion of a third party investigation into this kidnap, murder and god knows what followed that occurred in istanbul we should call on our ally toss do the same. unless the saudi king

many prominent companies and executives who expressed concerns about the killing of jamal khashoggi hadleys at the event in riyadh what's the latest this morning >>> good morning as you can see behind me this second day of the so-called davos in the desert is packed. there has been talk about the murder of jamal khashoggi. we heard yesterday from the saudi energy minister. >> we are going through a crisis of sorts resulting from the very regrettable and abhorrent incident that took place in turkey nobody in the kingdom can justify it or explain it from the leadership on down, we are very upset about what has happened of course the king made it clear there will be investigations, justice, retribution but the kingdom is in the midst of an historic transformation of unprecedented proportions. and the train has moved. it has moved tlib deliberately towards a transformation that will not be stopped. >> despite the outcry over the death of jamal khashoggi, some $55 billion were announced yesterday, and the crown prince was greeted really by a rock star welcome he was taking selfies with supporte

the speculation over saudi journalist jamal khashoggi let's get an update on the last 24 hours from hadleyan impact on markets here in the last 24 hours. yesterday we saw the saudi market drop as much as 7% in the early trade. -- what this means for energy markets as well, oil prices were trading higher than 1% we're just ahead of the davos in the desert the second bun to be held here in riyadh. a lot of big names have decided it's time to drop out. that includes the ceo as well as jamie dimon. they've decided not to make the trip it's had an impact not just on global markets but we're seeing some impact on soft bank which closed over 7% down over the day. a lot of speculation what this means going forward. the message from saudi arabia is pretty clear, guys, and they refuse to be bullied. >>> that is all for the show today. "worldwide excng is mihae"cong up next. >> extravaganza. >> have a good day >> thanks for watching, guys tht we get there safely, and that we leave that scene safely and go home at night, is train. and we train all the time in the fire service. no matter how much we tr

you do that hadley but when i started taking the drug i did my scheme i actually agree with women and men coming to me this way that for the first time they feel they could if they were like women or men because they had the stick plus sexual contact after a long long time and then it came to thank me. you know what we have done all of the group and now they are human beings. in the years since the drug program began people have come to depend on its protection and some wait anxiously for their next treatment. i got to try to let my. applies to bite so from the neck here i'm from here so whenever they bite you like bees do that to but the believes is to try it's you it's you begin to scratch you so that you eat my body is that they be so each is i can night so i was so worried that is there does not get loud so. this strategy is that everyone in affected communities gets treated not just those with symptoms in a west nile region where river blindness infections are exceptionally high make design is distributed twice a year we'll find out if they are you are that are in are very rare v

hadley heath manning, and kelly jane torrance, the deputy managing edfor. promise made, promise kept. a lot of people didn't think it could be done. >> you are right. trump detractors on both sides of the aisle said it can't be done and he was crazy to try. not only is it a promise kept. but it could be a template for future deals as we try to restructure with china. it's about higher standard of living, higher wages. the only question is whether congress will get off their back side and make this happen. charles: curtis, you are the expert. overall it gives america great access to canada's dairy markets. auto production starts at 63%. north america will go to 35%. financial services wasn't covered at all. technology wasn't covered in the nafta deal. barriers that stopped mom and pops from selling on ebay. the critics are saying it's more like nafta 1.1. the same deal with a different name. chuck schumer said the president deserves credit for this. it takes a lot for that guy to say something nice about the president. this is a huge deal. a large percentage

hadley gamble has more >> good morning, brian as you mentioned the ceo of softbank, masa son, we knowhat the "wall street journal" is reporting that he won't be speaking as he was supposed to do at this davos in the desert we don't know whether he will attend, but he is the highest profile international ceo to really pull back here of late. frankly what we've seen over the last several hours, most of the attendees are coming from the gcc arab countries, from the northeast and russia the asian countries as well weighing in. it's an interesting mix of folks on the ground in riyadh. this has not stopped the public investment fund from coming out and announcing as much as $50 billion worth of deals to go ahead with the likes of baker hughes and total they're in oil, infrastructure, energy it will be interesting over the next few moments as we continue to hear more from president erdogan who will be weighing in on what happened, according to him, to jamal khashoggi. we heard already today a couple of the ministers coming out. we saw the foreign minister speaking to prets on tss sayinge aga

you know, hadley, i'm just wondering how the president deals with all of this.ill have a briefing with this "new york times" story, it will come up about whether he inflated his own role in the wealth he accumulated, turns out it might have been more his dad than he, and the way that wealth was done or whether the irs was skirted. of course, knowing a little bit about him, having covered him for many decades, the irs keeps a close eye on real estate titans and those who acquire a lot of wealth. there might have been other things to come up and obviously new york state officials are investigating, but i think for the president, the big thing is more the ego here, on the minimal role he said his father had in his financial life was just not the case. what do you think? >> well, the story certainly puts president trump back at the center of our politics and that's something i believe democrats, that's a goal of theirs to make the midterm elections more or less a referendum on president trump. but aside from the personality politics and aside from questions about pr

guys >> hadley gamble, thank you. >>> cannabis stocks continuing to see a decline as companies are allmore than 20% over the past week. aditi roy joins us from san francisco with a closer look at why pot stocks are going, well, up in smoke. aditi. >> this morning those stocks appear to continue their decline and they took a beating the first couple of days of this week, which has weighed them down canopy growth down 14.5% for the month on pace for its worst month since february kronos down 21% since march, those shocks along with tilray aphria and aurora off. one exchange traded fund that tracks some of these pot stocks fell 2.8%. the etfmg alternative harvest etf is relatively small but has seen high volume over the past month. it fell six straight days through yesterday's close. so what's the reason behind the sell-off some analysts say it's a bit of profit taking. others believe that many of these stocks have been overheated the valuations of some of these companies need to be reset, they say. they still add there's tangible long-term value in these companies. as far as how sales ar

to "power lunch" check out msci, for the latest on this jamal khashoggi investigation, let's go to hadley gamble in riyadh. >> reporter: what we seen is the u.s. secretary of state mike pompeo headed out to his dinner with the crown prince of saudi arabia now earlier today, he met briefly with king salman as well as the foreign minister. we understand those conversations set to script, of course, this is an ongoing operation, they have prepared a report this, of course, as we heard from turkish officials in the last 24 hours saying they have found damaging material when they had had that inspection of the saudi consulate in istanbul. we understand, of course the consulate has left as well and headed ba you can to saudi arabia lots of conversations on the ground of what will exactly be in that report but also impacting what's been happening on the stock market the saudis-to-the dow. it has been a roller coaster ride they were down earlier before some state-related funds intervened and the stock exchange really closing up about a percent. but, of course, this happened yesterday as well. lot

guys >> hadley gamble in riyadh thank you. >>> president trump has repeatedly stated his desire not to jeopardize a major arms deal with the saudis saying is it would cost hundreds of thousands of jobs and billions of dollars. morgan brennan joins us now for a look at which u.s. defense companies could be affected. morgan >> hey, melissa. that's right the way to think about this, saudi is the number three buyer of weapons in the world and it gets many of those systems from the u.s. some of the biggest deals that are on the line, you've got chinook helicopters, f-15 fighter jets from boeing missiles and thaad systems and precision guided munitions from raytheon and abrams tanks sxarmored vehicles from general dynamics which in recent years has also been caught up in saudi-canada tensions. it's going to come down to congress since lawmakers have to approve foreign military sales and since as we've seen in recent years already lawmakers have delayed sales to saudi before due to its involvement in the civil war in yemen now, some analysts think the killing of khashoggi could be the tipping

dedicated public servant former national security advisor and current chair of the board stephen hadley. please join me to welcome both of them to the stage. [applause] . >> good evening everyone thank you for being with us. the secretary and i will have a conversation to go 35 minutes and then maybe the last 20 minutes we will have questions from the audience there are three by five cards of the audience. please write your questions on the cards and they will be passed up here. if people have not read the national defense strategy it is an extraordinary document to describe global disorder with the decline of the rules -based international order. and we see this in the headlines whether russia or north korea or iran and china all of which is contributing to the national defense strategy as the most complex and volatile security environment we have experienced in recent memory as you survey this plan how do you prioritize these challenges to global security? you talk about alliances as a partner to deal with those challenges. . >> first of all, things for doing this steve. it's good to