of saudi arabia, king salman?the monarch is king salman, but i suspect you are not talking about him. i am talking about crown prince mohammed. king salman has delegated all responsibility to his son. not officially, but in reality. all right. your point about the end of consensual decision—making within the royal family raises an important question. and surely, mohammed bin salman and his father are delivering a simple message, there are very many corrupt people in the royal family. they have now put under arrest 11 princes being detained in the comfort of the ritz—carlton. and the message is quite clear. these people have been responsible of milking the kingdom of billions and billions of dollars. yes. very much correct. corruption in saudi arabia is endemic. it has depleted saudi resources. it has corrupted even the mindset of the business environment. and it had to end. and we, saudi writers, have been saying that. so, he has to do that. but is he doing it the right way? it is selective so far. i can add to th

king salman has delegated responsibility to his son. not officially, but in reality.r point about the end of consensual decision—making within the royal family raises an important question. and surely, mohammed bin salman and his father are delivering a simple message, there are many, many corrupt people in the royal family. they have put 11 princes under detainment. they have been responsible of milking the kingdom of billions and billions of dollars. very much correct. corruption in saudi arabia is endemic. it has depleted saudi resources. it has corrupted even the mindset of the business environment. and it had to end. and we have been saying that, us end. and we have been saying that, us writers. so, he has to do that. but is he doing it the right way? i can add to the list 10 others, royals and non—royals, who are corrupt. every single person arrested, there has to be 10 others who should be with them. and then the council is corrupted itself. what is corruption? it is still being practised until the date saudi radio. so, there is a need to be transparency. —— un

enough power that it wasn't king salman. king ofne else was the saudi arabia, his son would enjoy the same power. abdullah did not skip out and he became the crown prince or king of saudi arabia, his son would have enjoyed the same power. so the power, yes, mohammed bin salman is smart. mean, he outperformed everybody. personal things in him. but he wasn't really as smart as mohammed bin salman. him credit forve being smart. now he has to perform as a and inin the economic foreign policy. source ofst important power is this concept of reliance on numbers. there's plenty of power. an absolute monarchy, social power. maybe you can explain it better. this is my concept. >> well, no. i think if you start to tinker with the traditional sources of power, authority and legitimacy, a kind ofning up worms that you might not want -- a can of worms that you might want to open up, especially at the same time that you're engaged in such a wide-ranging reformulate the theomic and perhaps even socioreligious aspects of society. there's a da

it's happened before king salman came to power. and, of course, it has been the king and mohammed bin salman's inheritance that they've been able to, i suppose, not necessarily take advantage, but move into this new dynamic where lots of the old constraints no longer exist. so, a power grab? not to the extent that has been described in the media. to the extent there was a power grab, it occurred between january 2015 and june 2017 and it really ended when mohammed bin salman became crowned prince. we should all take note as people who observe saudi arabia, five years ago we were guessing who might be the next generation of leadership and i think that nobody would have put mohammed bin salman on the horizon at that time. so, we've had a lesson in humility there. but to the extent that a power grab has occurred, it's finished and we can obviously see that mohammed bin salman is now engaged in remaking to a degree the saudi arabia that he intends to rule as jamal said, for another 50 years if things go well. we're seeing the passing of

. - [narrator] king salman's youngest son, prince mohammad bin salman has led the initiative to reform with an ambitious national transformation plan called vision 2030. - prince mohammad bin salman is driving saudi vision 2030 and he's using the low oil prices as a good excuse to introduce reforms, to have government operates and reforms he want to introduce into the economy as well. - it's an opportune moment really to affect change because you can really only start a process of change usually, in history has shown us that when you face a crisis, otherwise, people are complacent. - we know that about the economic vision out of it which includes three main things. number one, how you increase revenue without depending on oil? two, is basically you're talking about cutting expenses. so now, a lot of things that subsidies that the saudi government used to give which is extremely important to keep the loyalty of the population and then you have the idea of investments outside oil and basically, the main focus of that is taken about 5% of a aramco to an ipo which would be 2.5 trillion dol

so the new king of the saudi arabia is king salman. it was clear that it may not be a long-term arrangement and i don't mean that in a rude way. king abdullah was 90 when he died. king salman was 79 already when he took over. that was two years ago. he's now 81. in the couple of years that king salman has been king, he's maneuvered aggressively to install his favorite son as his formal and obvious and powerful successor. and he picked his favorite son for that role when his favorite son was only 30 years old. the favorite son is mbs. he's now 32 years old, very young, already been named the top economic adviser in the kingdom, the chief of the royal court in the kingdom, the defense minister of saudi arabia and officially the guy next in line to be king. he had to jump over a bunch of his cousins in order to get that role. and we don't know what happened to set off what happened this weekend, but honestly, saudi arabia and the royal court and the line of succession turned into an action movie. it started off bizarre ree with the prime m

power, trump tweeted his support for the saudi arrests, writing -- "i have great confidence in king salman the crown prince of saudi arabia, they know exactly what they are doing. some of those they are harshly treating have been milking their country for years!" jones,to turn to toby who is associate professor of history and director of middle eastern studies at rutgers university co-author of "desert kingdom: how oil and water forged modern saudi arabia." inis joining afrah nasser this conversation. toby, what is happening in saudi purge? and how does this and consolidation of the prince's power who runs the war in saudi arabia, relate to this into the vacation of the war and blockade in yemen? >> let's start with a basic argument that i've made and others have made over the last couple of years and that it is clear from the previous commentary as well as saudi arabia's extensive intervention in syria, attempt to destabilize politics more recently, occupation and bahrain, as was the mobilization to consolidate salman's power at home which is really part of a two-year project, the saudi a

. >> the favorite son of saudi arabia's ruler, king salman and he wants to modernize. the crown prince is only 32 years old. and he isn't just the king's anointed successor, he is already enormously powerful in his own right. prince mohammad used that power to round up more than 200 members of the saudi elite, all accused of corruption, now locked up in this luxury hotel. critics say the prince is targeting his detractors. he has also reined in the religious police. they still patrol the streets and told me to cover my hair with a scarf. >> he said i should cover my hair. these days they can hand out advice not punishments. it seems to be popular. but this is not a democratic revolution. and publicly criticizing the crown prince would be dangerous. this man is a traditional sword seller and a diplomat. >> all people is happy. i like him so much. believe me. >> reporter: the saudi royal family has long depended on support of conservative islamic clerics to rule this country. the question now is whether the reforms will spark a backlash. anthony. >> holly williams in riy

in saudi arabia, a senior official has said king salman is not looking to abdicate in favor of his sonwasaid abdication unthinkable, especially because the king enjoys perfect health. haslebanese prime minister dismissed speculation he is being held against his will in saudi arabia and plans to return home within days. he made his first public comments since his surprise resignation. we will be talking to -- christine lagarde described the china move as a positive development. >> the fact that it is considering to remove at least partially those barriers and then gradually eliminate those threshold, that is an indication of two things, openness and also strengthen confidence in their own system. south korea's foreign has said pyongyang must show signs it is moving away from ofvocation for any talks denuclearization can start. the sanctions are working. that may because in them to recalculate. it could mean they are fine-tuning some technical aspect of what further provocation that might have up their sleeve. -- they may have up their sleeve. it is good. nejra: global news 24 hours a da

we have more tonight. >> king salman arrested dozen of senior saudi royals and officials. he said the purge was needed to stomp out corruption. >> every person engaged in corruption regardless of their status will be held accountable. >> among the dozens of princes, milling teary officers, and top officials arrested was prince -- one of the world's richest men. he is a major player on wallstreet and investor in citibank, apple and parent company of fox news, 21st century fox. the arrest of so many senior saudi officials have raged suspicions. the purge wasn't just about tackling co uplgs but removing adversaries as well. >> he has gone after people that can under cut him politically and have the financial resources of alternative power centers. think he is also sending a message that no one is beyond his reach. >> salman has tried to craft a look at a reformer. he's counting as a valuable ally to president trump. -- intensifying the regional conflict with iran which this weekend escalated even further after a missile landed near theor the airport. >> we see this as an act

was in russia for the first ever russia >> this goes above, dare i say, it goes to putin and king salman and mohammed bin salman. so in terms of this going forward, we think it has longevity what about the politics we knows there a lot of politics in the middle east and different sides of the syria dispute can it survive the politics? >> that's the question we got this meeting. can it survive that? it's looking okay. we have the ongoing political issues in the middle east. syria has been one stumbling block. russia is more tight alliance with iran than the saudis would like we have political issues to get through. it looks like for now the saudis are tempting to wade through that with russia and avoid head to head confrontation. >> you are a long-term opec watcher. i'm a long-term opec watcher we never met i'm thrilled we addressed that >> it's very nice to meet you. >> how nice to meet a new face on a beat you've been doing quite awhile >> you go. steve, you're making new friends in vienna, that's always nice. >>> philips lighting is trading lower after philips cut its stake in the ligh

this amid speculation that king salman may soon abdicate.ming defence minister was to launch its country's military campaign in yemen, removed the minister of the national guard, prince miteb, who had been regarded as a potential rival to the throne. but his supporters argue that such measures are needed to push through austerity reforms and help diversify the economy of this oil dependent nation. the crown prince recently took charge of the country's newly created anti—corru ption committee, adding to his long list of powerful posts. it's not yet clear just how far he will go to silence his remaining critics, or whether self interest, rather than national interest, is determining his policies. joining me now in the studio is frank gardener, our security correspondent. first of all, for the crown prince to act so quickly over the weekend and decisively, he must have had strong backers. for a start, he's got his father, the king, who is the absolute ruler in saudi arabia. but the king is 81. he's not in good health. essentially he has devolve

. >> saudi arabia's king salman has removed one of the world family's most prominent priests from hiserial role and arrested others in approach -- urge this came on the orders from an anticorruption committee headed by the crown prince. the changes announced yesterday included the placement of the economy minister and a new head for the powerful national guard. president trump has urged saudi arabia to list the oil giant aramco on the new york stock exchange. he tweeted he would very much it would beand important to the united states. a person familiar with aramco says the message came out of the this would be the largest initial public offering ever. china's financial system is getting significantly more vulnerable he -- vulnerable due to high leverage according to the pbc governor. in a lengthy article, he said it late in risks are accumulative, including some that are hidden, complex, contagious and hazardous. he also flagged the need for deeper reforms in the world's second-biggest economy. the lebanese prime minister has unexpectedly resigned. in a televised speech from saudi ara

dropped a tiny bit, but still very much on the up after the so—called crackdown in saudi arabia by king salmanwe also have the australian all ordinaries. there are new revelations from millions of leaked documents known as the paradise papers. the technology giant apple has been managing most of its untaxed cash reserves offshore, on the channel island ofjersey. it moved the money tojersey after a tax loophole in ireland was closed. although the company has done nothing illegal, its tax arrangements have been criticised by eu and us officials. our business editor simonjack reports. a rapturous reception for the latest iphone. it's the most popular and profitable consumer product of all time. it's generated hundreds of billions in profits for apple since it was introduced ten years ago. what these papers show is just how determined apple has been to keep the tax bill on those profits as low as possible. and how keen some governments, lawyers, and advisers have been to help them do it. for many years, apple sent profits made outside the americas to ireland, where an elaborate corporate structure

princes and officials arrested by a newly formed anti-corruption committee initiated by the saudi king salmanthe committee also remove lead ministers from their positions. let's get to cnn's becky anderson with more. becky, good morning to you. some feel this is a power grab as much as it is cutting down on corruption. it is both? >> well, it's certainly been an extraordinary weekend here in saudi arabia's capital riyadh, providing further confirmation if any were needed of exactly who is in charge here and how the kingdom's new leadership is positioning itself, both domestically and on the international stage as well. cynics might call this a power play. supporters of the young crown prince will tell you that the messages of an era of elite inindulgence is over. and to be quite frank, this was a move that was well flagged. earlier in the year, in an interview with an arabic language tv station, the crown prince here warned that every person who has engaged in corruption regardless of their status will be held accountable, provided, he said, the evidence of wrongdoing exists. so the warnings

over the weekend, including 10 princes, four dozens of former ministers, in a massive shakeup by king salman aimed at consolidating power for his son, crown prince mohammed bin salman. among those arrested was prince alwaleed bin talal, one of the world's richest people with an estimated net worth of at least $17 billion. tala has investments in many well-known u.s. companies like apple, twitter, citigroup, and rupert murdoch's media empire newscorp. separately, a senior saudi prince died sunday when his helicopter crashed near the border with yemen, fueling speculation he'd been assassinated. the arrests, on unspecified corruption charges, came just hours after the crown prince convened a new anti-corruption committee with wide-ranging powers to detain and arrest anyone accused and to search their homes and seize their assets. the arrests came as the white house said president trump called king salman to offer thanks for the kingdom's purchases of billions of dollars in u.s. weaponry, while praising what it called the kingdom's modernization drive. the white house made no mention of the arr

senior -- abia, senior official says king salman is not planning to abdicate in favor of his son. aid his application was unthinkable, especially because the king enjoys perfect health. the lebanese prime minister has dismissed speculation he has been held against his will in saudi arabia and plans to return home within days. he made his first public comments since his surprise resignation. to the be speaking governor of lebanon's central bank. the pound has weakened after the sunday times reported that 40 conservative members of parliament have agreed for a vote of no-confidence in prime minister theresa may. she is struggling to maintain her grip on power after the resignation of two cabinet investors. china's plan to ease foreign ownership limits on financial firms to strong praise from the imf chief. bloomberg, christine the guard move as a positive development. considering to remove at least partially those barriers and then gradually eliminate both thresholds, that is an indication of two things, openness and better strength and confidence in their own system. ed: global news

tweets yesterday trump endorsed salman's new corruption crackdown saying i have great confidence in king salman prince of saudi arabia saying they know what they're doing. >> trevor: locking up political rivals is trump's wet dream. he probably phoned the prince and said is it true you're locking up a all the enemies? that's right, donnell, all of them. even hillary? ( laughter ) no, donald, this is a different country. oh, sad. ( laughter ) ( applause ) now, look, i'm not saying that trump endorsed these arrests, but i'm not saying that he didn't. >> the crown prince now has ties to jared kushner, trump's so son-in-law and senior advisor who took an unannounced trip to saudi arabia just days before this mass purge and was reportedly up till 4:00 a.m. hanging out with the crown prince. >> trevor: j.kush and the prince up till 4:00 a.m. in what could they possibly be doing? oh, yeah. ♪ let's take over the world ♪ avenge all of our rivals sing, jarred! ♪ ahhhhh! ( laughter ) to be fair, the situation in saudi arabia is a lot more complicated than that. the crown prince isn't just trying to grab p

headed by the crown prince mohammed bin salman the 32 year old son and top advisor of king salman. both father and son greeted president trump during his first foreign policy trip last may. while this crackdown has been applauded by some as cleaning up house, others say it's the young prince's bold move to consolidate power. the fate of the detained royals and their assets are unclear. reportedly taken to the ritz carlton hotel in riyadh where they are under house arrestment jonathan vigliotti, cbs news, london. >> quijano: coming up next, new allegations of sexual misconduct against actor kevin spacey from the son of a celebrity. later we're on the trail of an elusive star in the hollywood hills. a new mountain lion has moved in. >> quijano: actor kevin spisy is facing new allegations of sexual misconduct. the latest accusations come from the son of a celebrity, jamie yuccas is following this. >> reporter: the new allegations are from the son of actor richard dreyfus who was in the room nine years ago when kevin spacey allegedly groped his son harry. gahay rrve an buzzfeed saturda

king salman authorised the move by royal decree, many say, to shore up the power of his son, and heirr and, by spearheading this purge, he has put the old elite on notice. he‘s touching that very raw nerve in the royal family, but also amongst his many cousins and so on. that not only is he in charge but he will have the following of the people in the pursuit of his agendas. now, whether this will losen the foundations of power, inside arabia, that is a really important question, a significant question, but where it really begins to tackle issues like corruption, like social change, there may be considerable support both inside and outside of the country. these arrests now leave no rival to challenge the crown prince to the throne and give him rsponsibility for all the security forces. he will ultimately be responsible for the many challenges the country faces, like diversifying the heavily oil—dependant economy, managing the cost the boycot of its neighbour, qatar, the fight against so—called islamic state, and the ongoing and seemingly unwinnable war in yemen. a missile launched tow

among those arrested is multi- billionaire prince alwaleed bin talal, a nephew of king salman, who controls arab satellite television networks and owns stakes in citigroup, apple, twitter, ebay, news corp, and time warner. those arrested are being held in five-star hotels in the saudi capital of riyadh. for more on the saudi purge, i am joined here in the studio by gary sick, who served on the national security council under presidents ford, carter, and reagan. he's now a senior research scholar at columbia university's middle east institute, and an adjunct professor at the school of international and public affairs. why do there purge? >> you know, that's the big question. they say it's all about corruption. i really don't believe that. tucked in among those people who were arrested were at the hand of the national guard which is the one remaining military group that wasn't under control of the crown prince already and i think this provided excellent cover to get him out of the way. they arrested just a couple of weeks ago, ten days ago a huge number of clerics and liberal minded reformers

the crown prince is the favorite son of saudi arabia's ruler king salman, and he wants to modernize. crown prince is only 32 years old, and he isn't just the king's anointed successor. he's already enormously powerful in his own right. prince muhammad has used that power to round up more than 200 members of the saudi elite, all elcused of corruption, now locked up in this luxury hotel. critics say the prince is targeting his detractors. he's also reined in the country's religious police. they still patrol the streets and even told me to cover my heir with a scarf. he's saying i should cover my hair? but these days they can only hand out advice, not punishments. it seems to be popular, but this bl not a democratic revolution. and publicly criticizing the crown prince would be dangerous. musaaid al mujahid is a traditional sword seller and a diplomat. >> all people is happy. i like him. so much. believe me. >> reporter: the saudi royal ivmily has long depended on the support of conservative islamic clerics to rule this country. the question now is whether these reforms will spark a onc

dropped a tiny bit, but still very much on the up after the so—called crackdown in saudi arabia by king salman

. >> king salman's government says his only frozen bank accounts of individuals and not those of companieshey own or manage. >> near help became a national figure in 1991 when she told the senate judiciary committee that then supreme court nominee terrence thomas -- clarence thomas sexually harassed her. , soy during an interview took issue with ben donald trump's dismissal of sexual harassment accusations. >> what was deeply troubling was butonly the normalizing, his entitlement to behave in a certain way. >> what she added is you know there has not been enough progress. >> let's get a recap of today's market action. we should mention -- tech shares leading once again. national line >> strong preference is that the corporate tax rate starts next year. -- longer we wait >> we look forward to working with the senate as he tells come in. plus republicans reportedly expect to unveil their proposal tomorrow. let's get some insight -- inside. he joins us from cambridge, massachusetts. great to have you with us. i know it is difficult to assess what is going on because things are changing all th

a senior saudi arabian officials said king salman is not planning officialte here it the dismissed mountingtion that crown sprint muhammad belts throne.ll listen to the he said application was unthinkable, especially since the 81 your old king enjoys perfect health. after thehas plunged cancellation of a technology upgrade. it is trading at just over $6,000, down from a record high of almost $7,900 on wednesday. some speculators are disappointed they won't get additional coins that would've been created by a so-called split that has now been called off. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. get you over to sophie with a check of your markets. desley humphrey take a look at the board. asian stocks looking next. that risk off mood continues. need new reasons to buy after a solid earnings season. inflation and china retail sales on the radar. to have the rupee losing tense of a percent ahead of that. pound is under pressure, leading losses in the g10 space. 1146.out the pound has fallen by the most in a week

the president would like to see that come to the new york stock exchange and he put that in with king salman. the air force rock 'n roll band is kick it up. the air force orchestra opposite the band displayed the jerry goldsmith theme. we saw that during the election campaign when the president would roll up in his aircraft. setting the stage, if you will. judge jeanine: john, i have to tell you, the president loves music, and he's always like keying the music into the event. it's very donald trump. very president trump. john: we have seen it in these campaign-style events. when he was making some of his first stops after becoming president. but it's the very first time i have heard an air force band play that theme when air force one rolls up. something unique here in yokota tonight. jenna: the president is going to be walking into that hangar to speak to the troops. we are going to be with you throughout all of it. when you think about it, our troops go through so much, a little music, a little fun, and little rock and roll, that's the least we can give to them. john: when we pulled up to

the president would like to see that come to the new york stock exchange and he put that in with king salmanis kick it up. the air force orchestra opposite the band displayed the jerry goldsmith theme. we saw that during the election campaign when the president would roll up in his aircraft. setting the stage, if you will. judge jeanine: john, i have to tell you, the president loves music, and he's always like keying the music into the event. it's very donald trump. very president trump. john: we have seen it in these campaign-style events. when he was making some of his first stops after becoming president. but it's the very first time i have heard an air force band play that theme when air force one rolls up. something unique here in yokota tonight. jenna: the president is going to be walking into that hangar to speak to the troops. we are going to be with you throughout all of it. when you think about it, our troops go through so much, a little music, a little fun, and little rock and roll, that's the least we can give to them. john: when we pulled up to the hangar bus coming from the oth

i also want to ask you about the situation in saudi arabia, the anti-corruption committee that king salmanated. as we reported a moment ago, several princes, ministers, former ministers have been detained. two part question here. is this mainly about cracking down on corruption and secondly, is there a sense that this is a move to consolidate power? >> i think these two questions, george, are interrelated to each other. what we are seeing in saudi arabia, my own take, we are seeing the birth of a new order. the crown prince is not only consolidating his power. but also laying out his vision for the kingdom and putting his vision into practice. so many people in the past two or three years really have underestimated the ability of the crown prince not only to consolidate his power, but to structure state and the economy. and everything that is happening in the past, you know, year or so, in saudi arabia tells me that the crown prince is really putting his basically ideas into practice and cracking down not only against position figures, oppositional figures in the kingdom, but trying to pre

initiated by saudi king salman. they also removed three ministers from their position.ter. what's happening there? >>reporter: well, i tell you, christine, this is a message transparency. you have to wonder whether it's also an effort to settle old scores. of those related to the king who passed away in 2015 or had business ties with them. this is a top amount of overhaul of society. they see it as a last chance to clean up corruption. let's take a look at the bigger names. minister of the national guard who was related to king's son. the prolific investor worth over $20 billion invested in apple, twitter, news corp. and city group. he's partners with the bin laden group, the former administer of finance well respected in washington in the world bank here taken in. ironically, this is a message to the internas business community. they had 3500 of them two weeks ago. and the same venue is holding those who are being arrested. a huge turn here. the crown prince's big vision to overall society, big plans to create a $2 trillion onsovereign fund. the message from the intern

the king salman is in his 80s, but no one knows when the torch is going to be pass.going to be soon the king's son has had influence for years, even begun implementing reforms in saudi arabia and shaping future policy at 32 years old, he's been seen as the driving force behind a more modern saudi arabia and his influence would become absolute power if he gets the official title. the saudis are at a cross roads. as king, mds will be dealing with foreign nations like the united states, israel, iran. he's already made moves to align with president trump and seems the saudis could even partner with israel against the iranians, but for the saudis, foreign policy and business go hand in hand oil price fluctuations and the aramco ipo are both on the radar. consensus would the king mds will be bullish on the oil prices they have a tremendous amount of influence, all eyes, of course, on vienna next week for the final opec meeting of the year any color on production out of the middle east or plans to extend production cuts will likely drive this price closer to 60 and, of cour

in saudi arabia, a senior official said king salman is not planning to advocate in favor of his son. the crown prince will soon ascended to the throne. he said application was unthinkable, especially since the 81-year-old king interest perfect health. speculation that he has found is false. the pound has weakened that 40 or more members of parliament will sign a no-confidence vote, meaning theresa may is struggling to maintain her grip on power. there are mounting calls to boris johnson, and the eu has raised its prospects for bre xit talks by the end of the year. south korea's finance minister said pyongyang must show that it is moving away from the old ways. sanctions are working. that could mean they are fine-tuning the technical aspects. hvave thisod we period of no provocation. matt: global news 24 hours a day, powered by 2700 journalists and analysts in more than 120 countries around the world. this is bloomberg. guy: thank you very much, indeed. the u.s. asters might be losing their luster after friday's s & p thing. then there's the distant flattening of the u.s. curve, rising

this is a president who has cozied up to strong men, whether king salman or putin in russia. this week we saw this week with xi no mention of any kind of human rights violations or any individual liberties in china. that's not what this president does, that's not his style. i would think despite uproar from human rights organizations around the globe as to what the philippines and duterte have done in this drug war, i don't think we'll see the president talk about it publicly. >> two of the very best of the associated press, foreign and domestic tonight, different ends of the earth, jonathan lamere, ken thomas, gentlemen, thank you both for coming on the broadcast. >>> another break for us and coming up, our next guest considers it his job to regularly remind us these are not normal times we're witnessing. that when "the 11th hour" continues. jack: why am i sitting here at jack: this ridiculously long table in the middle of nowhere? jack: to invite all my friends in the industry to try this. jack: fast food's first ever ribeye burger. jack: made with 100% ribeye beef, grilled

donald trump has lobbied saudi king salman to list aramco on the new york stock exchange between a phonel. he treated his hope that the listing would occur on a u.s. exchange. qualcomm music -- is the parent to fend off an unsolicited takeover bid -- it will argue that the offer undervalues the company. that is the bloomberg business flash. francine: think is a much. this is what you should be watching for this week. donald trump is in tokyo as he continues his 11 day trip to asia. tomorrow, finance ministers discuss financial supervision and capital market integration and on thursday, the k and e u resume brexit negotiations. house republicans are facing calls to delay their tax overall . documents show the u.s. wilbur ross has investments in shipping ross has notes -- been alleged to have broken the laws. joining us now is kathleen hunter. good morning to you both. kathleen, what do we know about the tax reform? is it linked to what else is happening in washington? kathleen: the main issue with this paradise paper document dump is it creates another kind of political problem for republ

. >> hariri also said he is free to leave saudi arabia, and that saudi king salman sees him as a son. but one of mr. hariri's favorite events in beirut took place this weekend and clearly he was missed. senior national correspondent ben wedeman has this story. >> go! go! >> reporter: and they're off. runners in the 15th beirut marathon. in a country where divisions have led to war, this is a race about unity. joining athletes professional and amateur, young and old, the able and the disabled and others. a record number of people are participating in this year's beirut marathon. however, one person who participated in the past is conspicuously absent, and that's runner number 3. that's saad al hariri, who resigned suddenly as prime minister from saudi arabia more than a week ago. sunday evening hariri spoke up on lebanese television for the first time in eight days, explaining his resignation was intended as a wake-up call for the people of lebanon to the dangers facing them from iran and others. and he promised to return soon. there were plenty of reminders of the 47-year-old leader l