why is kuwait needing to borrow?> kuwait has an issue like most of the producers, they are looking at budget deficits this year. after surpluses for many years. when you are looking at the oil price at around $50 per barrel, a budget deficit of about 9.5 billion. plugged through international bond sales. ar have raised qat billions, saudi arabia raised billions. it seems like this is the case for most will producers. we have been discussing the oil slump. how is the situation for kuwait? >> kuwait is in a much better situation than pretty much all of the other gulf countries. they have a low deficit comparatively and huge savings. the country started the program because they needed to do some things they lack. they are looking at controlling the public wage built, cutting cutting utility prices for the first time in 50 years. they are looking at trying to control wasteful spending between different government departments. they are trying to merge government departments, trying to see where they can cut spending. they

kuwait will sell stakes in the oil producer as it tries to improve efficiency.ousef: asian stocks near a 2016 high, led by japan where markets are in the best three-day run in six years. angie: economists say it is stop propping up a losing industry. yousef: it is 5:00 a.m. in london. i'm in dubai. angie: i'm in hong kong. welcome to bloomberg markets: middle east. right now, we are seeing a rift across asia as people are flooding back into equities. japan on a tear. safety havens are off. the japanese yen is holding steady at the 104 level. how is it looking with the risk when it comes to commodities? yousef: well, let me get you up to speed. the focus has been on the rally with a record of the dow and the rally in asia. what you might be missing is what is happening with gold. it is coming under pressure. we put this on a chart for you. the emerging market line and the gold line. you can see for those clamoring to conventional correlations, this would be your chart. investors betting on accommodative actions. global economic growth can be pushed, stimulated fr

the report found that the readiness degraded during the time when they were in kuwait. in response to these findings normalize requirements for material readiness programs have been implemented and no notice inspections for played units had also been implemented. under command and control the investigation found a lack of leadership at disregard for risk management, processes and proper mission planning standards. one important note that the investigation stated was that if the guidance provided by the fifth fleet commander had been followed this event could have been prevented. a lack of leadership for geographically distributed forces resulted in degraded events declining standards and the investigation found poor coordination committee qishan between units and operations centers that oversee these events. fifthly refocusing training and leadership for america time centers that support it. an ongoing actions include the revision of the fifth fleet operations order which burns river marine combat operations and includes over watch procedures. greater oversight and lead

we have heard from the kuwait oil minister.told bloomberg certain state that entities would push front as well as selling those stakes. what do you find particularly remarkable about this? seeingfact that we are such an accelerated move is a game changer. is not a onethis off. this is here to stay. there is a lot of serious attention diverted toward looking for new forms. it would be difficult to imagine under a high oil price environment. i think it would be doubtful. and if it hadn't been for saudi arabia making such a comprehensive and far-reaching program, announcing that, that sets a blueprint for other governments to follow. to, in a sense, keep up. i'm not surprised we are seeing more privatization being announced. kuwait does have a track record of not delivering on time. plans are held up in parliament. >> we have seen those plans so there is going webe some expectations that might not see the privatization occur at the time indicated. suggest itw years may be different for kuwait. >> thank you very much for joining us

kuwait and saudi arabia appetites for middle eastern debt.ountries seeking to raise around $10 billion from bond sales. the kuwaiti finance minister has told bloomberg he's open to working with the saudi's on the timing of the offers. here is our reporter with more. been a recurring theme throughout the year. now talk of cooperation, what is the rationale behind this? >> this year we are expecting to basically sell bonds out of this region to the tune of $36 billion. when you're looking at the context of this, it's a small , a lotand interest in it of people are interested in it but some people think it may be too much to be selling at a short time. >> it's great to know which bonds are selling and for what kind of premiums. what has the appetite been here? they are all very in appetite. expectation that kuwait and saudi arabia would also the strong appetite as they both have strong reserves. a lot of those countries also have high credit ratings so we expect them to see strong appetite. the issue is really the timing and whether they need to

they are coming a lot from kuwait. country,econd sometimes.nings,ome all the bansity warnings or travel because there is no travel ban to lebanon from the gcc. we are hoping to have a few of but this woulds, need a little more stability in the region. lebanon is a safe country, actually. when you look at the global theure behind some of tourists, they choose us as another destination. or if you come to lebanon, they will see it is quite stable and a really good destination. lebanesehat was the tourism minister. foreignp, egypt's minister has wrapped up his trip to israel, his first in a month a decade. get ready for the rio olympic games by switching to xfinity x1. show me gymnastics. x1 lets you search by sport, watch nbc's highlights and catch every live event on your tv with nbc sports live extra. i'm getting ready. are you? x1 will change the way you experience nbcuniversal's coverage of the rio olympic games. call or go online today to switch to x1. >> it is 1:30 in tokyo. you can see the surge after the weekend election that abe dominate

of course i do condemn saudi arabia. >> and kuwait and qatar and brunei and algeria?those supporting isis, and regarding the terrorism in syria and iraq and afghanistan and beirut and baghdad and sinai and in everywhere, and of course, we condemn that, but my question, sean, my question from you, and are you on the same page -- >> i ask the questions and you get to answer them. >> and -- >> let me ask the pastor a question. >> yes, sean. >> you see persecution of women, and it is so commonplace in the arab world, and gays and l lesbian, and no tolerance for christians or judaism, and why so little in terms of the discussion, and why do people like hillary clinton accept millions of tlars from the countries and never talk about it? or talk about their practices and the discrimination? >> well, they are shackled by political correctness, and sean, make no mistake about it, if it had been a fundamentalist christian who committed the massacre in orlando, we would have heard ad nauseam lectures from this president of the united states, and whether we are talking about pari

he served in kuwait -- >> i know. >> he cared deeply about his country. >> oh, yeah, he did. his sister, she was in the navy, too, and she talked him into joining the navy and he loved it. he just loved being in the navy. that's what he wanted to become a police officer in the service. you have a picture of him there. >> yeah. this is patrick right here. i have several other pictures. >> can you hold it up so we can see it? there we go. we can see him there. >> that's his picture from the navy? >> right. that's when he first got out of boot camp. he went to boot camp in great lakes, chicago, and then he went to norfolk, virginia, for a little while and then he got orders to go to kuwait. >> rick, i know that you and patrick were very close. you would text all of the time and you are such a proud father of him. >> yeah. >> i would call him. >> how did you learn when things had happened? >> well, i was sitting here in my recliner watching tv and then a light flashed and there was some shooting and some police officers were shot. right away, because i texted patrick and right aw

the labor employment system, kuwait has put the rest under the protection of their they were lost. we're encouraging other gulf countries to follow suit because some of them, domestic workers are not protected. to tasks of the government to secure better chairman of workers. -- treatment of workers. [indiscernible] discussion about whether malaysia deserve to retain its position in the argument around that? >> every year we look at the facts on the ground in the country. malaysia compared to what it did after, whether there were improvements or not. to -- tier twor watch list since you are making efforts. those efforts are not increasing. we discussed what malaysia is doing and this morning the secretary addressed the political considerations. they are not part of the whenard that we used evaluating what happens. why just a has a human trafficking problem. we continue to urge those officials to take old steps to when evaluating what happens. combat trafficking. bold steps to combat trafficking. the malaysia parliament did pass an amendment to reform the victim protection system. th

we had one in saudi arabia, one in kuwait that was foiled, now there's two more in saudi arabia. the bombing of the tomb of mohammad, even at the security check point, which means that the bombing was stopped. this is an outrageous act of sack rill ledge, all tombs, all shrines and all cemeteries should be eliminated. >> but they're sacred in terms of those people that are respectful of their faith and of islam and now we're just getting from nbc news and the minister of interior, confirming the double suicide bombings taking place in saudi arabia in the city of katif. so why at this point, at the end of ramadan, is that the report that we're going to see the spike, is this the spike of violence? >> it's interesting because a year ago isis started this ramadan attack campaign. no other middle east earn terror campaign has ever carried out a cam pain during the holiest month of the year for muslims. the analysis says that there's going to be an uptick in violence during ramadan. they didn't strike near eid last year. they're coming to a crescendo where they might carry out much la

. >> the war sent nearly 700,000 american troops to the persian gulf after iraq occupied kuwait.ert storm was a short war that started with an air assault on january 17th, 1991 and ended four days after ground forces went into iraq on february 24th. it was a decisive coalition victory, but not one without costs. >> the weather went bad and two of my men, their helico crashed. hal and mike. >> that's hal and mike on the right. wellman says they were two of 283 fighters who didn't come home. >> we feel that it belong here close to the others. especially the vietnam. here is the northwestern corner of the national mall where scott stump is spearheading the effort to build the national desert storm veterans war memorial. within steps of the vietnam veterans memorial and in the shadow of lincoln's memorial. >> it would be something that people would be able to see the history of our country kind of chronologically even. >> after six years of work, stump and the memorial association have congressional and presidential approval to build. early renderings, there is a massive curved wall

kuwait city, the temperature expected in the mid to upper 40s, don't be surprised if it actually makes these areas, and certainly, as we go into the next 24 hours, as i take a look at kuwait city, don't be surprised if you see the potential for dust storms there, because we're seeing the wind -- the wind gradient really picking up here, could see wind gusts right around 50 kilometers per hour >>> now, i want to take you across a california in the united states. a heat wave has enveloped much of the middle eastern -- midwestern part of the united states, but for the west coast, we're starting to see these santa ana winds. it's been very dry, and these pictures are coming out of santa clarita just to the north of los angeles by about 60 kilometers or 35 miles to the north. what started out as just the minor brush fire, this very afternoon, has erupted now to 3300 acres or about 1300 hectares that have burned. they are trying to get this under control. they're saying it is zero contained and now between 200 and 300 homes are being evacuated because we have seen such devastation associated

would tell you that they made two mistakes in the aftermath of the invasion of iraq -- liberation of kuwait is a better way to put it, which encouraged the shia uprising. the first is obvious, the second is not and the second is more important. yes, here's a moment where they overstep their rhetorical balance. by saying words which inadvertently encouraged people to rise up against saddam hussein. the second reason that was more important, all available evidence from all intelligence agencies throughout the entire world suggested that if we're going to ask how long saddam hussein will last in the spring of 1991 after his thorough routing of his forces and embarrassment over kuwait, should not be measured in terms of days but rather hours, that the full expectation is that within hisople government are going to take him out because that's what happens when you are a dictator who loses your army and embarrasses yourself on the world. there is a real sense in which the bush administration was wrong and overstating rhetorically and recognizing here's a moment where we are not hippocratic in the

likewise on yemen, the kuwait talks are resuming. we are pressing for steps to be taken to avoid the skirmishes on the border of skraib and yemen and steps to be specifically taken that could lay out a sequencing of the provisions that are current ly stalemated within the talks in order to break that stalemate and try to move forward with some sense of urgency. so all of these issues are really being worked on in all of these meetings simultaneously, including i might add in russia, i spent not only a fair amount of time or most amount of time on syria, but we talked about ukraine and the responsibilities of both parties to try to resolve and move forward to make progress on the minutes k agreement and we're going to be talking with our counterparts, i think, almost every day in the next days to try to advance that process, which is a major priority of president obamas that he wants to try to see some progress on very, very soon. so the answer to your question, these meetings, these gatherings, gives us an opportunity on the side of

separately in kuwait, a number of people were arrested for planning an isis-inspired attack. those coming after a blood eye week in three muslim countries has the holy month of ram dam comes to a close. on sunday a suicide bombing killed 176 people are injured, 8 # burned bodies remain unidentified. last tuesday, a bombing at the airport in istanbul, turkey, killing 45, e and then last friday, gunmen in bangladesh attacked a restaurant there killing two police officers. fact 20 hostages and killing them as well. all three terror attacks believed to have been perpetrated by islamic extremi t extremis extremists. bill neely joins me now. authorities are they seeing these as being related? >>. >> yes, good afternoon, there is a thread, a couple of months ago, isis called on its followers to attack people that it calls infidels and foreigners during the holy month of ramadan which is just coming to an end. iraq and turkey and bangladesh, they're all speaking to each other or speaking directly to any central command in raqqa, they are responding to that isis call. in the latest in

he was there for a little while and then he went to kuwait. after that he told me he wanted to pursue a career in the police department with the dallas police. that's always been his passion. but he was tour patrol with the navy. >> and when he got -- >> he was a police officer from the time he grew -- i'm sorry, the time he grew up, he always wanted to be a police officer. >> and once he got on the force, i know he had to go through the academy and it's not an easy thing to do. >> right, right. >> once he got on the force, was he kpiexcited about it? was it everything he wanted it to be? >> oh, yeah, yeah. i have pictures of him during his graduation and everything. i got to see mr. brown, chief of police then. it's been a while back, i didn't think i'd get to meet him again, except in these situations. but i'd like to pay -- say thank you to everybody for all your condolences and everything you've all given. one thing while i'm here with y'all, i'm pressing and would like to see a memorial like new york, a 9/11 memorial but a in dallas, texa

kuwait had a a high of 54.0 degrees on thursday. this is the highest ever in the eastern hemisphere or asia. the current record holder is death valley, california, where the temperature rose to 56.7 degrees. this is the hottest area in the world so you'll see the highs into the mid to upper 40s into the weekend. let's go to asia then. the system made landfall last night as a tropical storm. still packing winds of 83 kilometers per hour. it is now heading towards vietnam. it is expected to hit the north of vietnam by tonight or early tomorrow morning as a tropical storm. if it does so, it's going to be the first tropical storm to hit vietnanam of the year. now, this systetem could cause some heavy rainfall. probably in additition of 200 millimeters. windnds will be strong as weweld waves are going to be quite high. please be prepared for the storm. now, across japan, scattered heavy rain is falling with a record high -- record heaviest rainfall across central portions of japan over 240 millimeters of rain. as we go into friday, more

in fact, saddam hussein had a hate for the west going back to his invasion from -- of iran, of kuwaitof t the attttempted genocide against the kurds, this is the context in which this was playing out and you had 9/11, and intelligence reports -- believing the wrong intelligence reports isis not a war crime. so all of that in context. brent: we know he was not doing that now. don't you think the biggest indictment in this report is that it concludes that not all peaceful means to stop or avoid this conflict were exhausted before war restarted? that is an incredible indictment against t any leader. >> i suppose, but then you look at what is happening in syria and i wonder if mr. chilcot is looking a at syria as well, whee the west has started a convention in syria, where the leader started genocide in the thousands. the initiative on the approval of russia and china, not regimes that care about human rights or western security, and you see the outcome now. so the idea that this diplomacy, with the history i laid out with sasaddam hussein, what it can be like and you exhaust diplomacy an

>> i served in kuwait as part of operation iraqi freedom in 2009. i'm a proud member of the hawaii army national guard, right now serving as lieutenant colonel. >> do you still have demands on your time for national guard? >> absolutely. in my year, the reason why i know when i started that is our anniversary date. every year you have to have so many days of service to have a good year. so mine is coming up and i'm working hard to make sure it's a food year. >> you're on the armed services committee. what would you like to see accomplished? >> i'm very proud of what we recently accomplished. we spent the first four months working on the defense bill, otherwise known as the national defense authorization act and it's a hard, it's a tough measure, you know, because it is all inclusive but at the same time you work hard on its first four months. you get it done. then we can move on to other things. we were proud to have introduced 29 amendments which 28 passed. we felt like we were pretty successful. >> you come in as a freshman member but do you think

they attacked a shia mosque in kuwait last y year. again,n, the kindd of casualtie. you looook at katif, it's a shia mosque and i.s. is an extreme version of sunni muslim but of course saudi is a p predominanay sunni mususlim statate so i it s you onee thing that is a trait f i.s., they kill more muslims than anybody else in their conflict so it does have that resonance that it could be an i.s. attack like we've seen in baghdad. anchor: i want to talk about that with you. islamic state's declared ambition is to establish an islamic caliphate but we're seeing fighters attacking muslims during ramadan. what's behind that strategy? why are they doioing this?s? >> itt m may sound like a pararx but there hasas been history o f thisis in the past,t, not just s periodod of ramadan, but ramadan from l last yeaear and the year befofore. encouragemenent from theikes of al-adami from the islamic state to have a month of calamity. it may sound strange to have during one of the holiest months in the muslim faith, to orchestrate attacks but i suppose historically you look at the p

we are actively pursuing saudi arabia and kuwait. we have the expansion plans in place. takeovers?what kind of dorchester we talking about? >> we just completed a $300 million acquisition in india. $250 looking at additional billion acquisitions. yousef: what about potential ipo relisting to raise some capital? >> currently we are trying to build scale. build capacity. theould look at an ipo in years to come but not right now. probably a 2020 plan is what we try to do. that is a little early to say right now. that's where the demand is currently. the potential of privatization in the middle east. we feel that these are two we havewe would like to we export tong australia and europe. angie: let's check in on headlines from around the world. airline saidrgest they will keep up with an increase in capacity. shares are falling by the most in three weeks in hong kong. ibm is higher in extended trading. it's artificial intelligence and its investment in cloud-based software is paying off. revenue in all the businesses continues to drag on overall sales. bank of america shares rose in new

. >> that's in kuwait. >> officer patrick leaving the military to become a police officer. >> we were so proud of him. >> his little girl now without her dad. >> officer brent thompson remembered by his kids and fellow officers as a hero. >> he was running through the danger when other people run away from the danger. >> he was married two weeks ago. his wife also an officer. >> she's having a real hard time. and understandably so. you know, because we thought he was going to make it. >> senior corporal laurel ahrens known for his crooked smile. >> this is -- he's a big guy, big guy, incidence vincible. >> and officer michael krol described as a big gentle giant. >> it's numbing. you know, you just can't accept it. >> michael smith, a 26 year veteran of the force and father of two, seven more shot but alive tonight including officer misty mcbride. her daughter with this message to mom. >> i love you and i'm glad you're here. >> reporter: tonight two people including officer mcbride are being treated here at the hospital. cecelia. >> phillip thank you. one photo caught our attention to

because of engine trouble, the two boats left kuwait four hours late and took a shortcut to make up the time. their new course ran through iranian territorial waters. one of the boats broke down again, and that's when the revolutionary guard captured the crews at gunpoint and put them on display. while they were being held, some of the sailors talked too much, violating the serviceman's code of conduct. the navy now plans to use this as a case study in all the things that can go wrong in even the simplest military operation. josh? >> elliott: david martin at the pentagon tonight for us. thank you. today, a military base outside washington was locked down after someone reported seeing a gunman. this happened at roughly the time a security drill was to begin. for a while it wasn't clear what was real and what was part of the test. here's kris van cleave. [siren sounding] >> reporter: confusion and miscommunication over a possible gunman near the malcolm grow medical center prompted the lockdown of joint base andrews outside the nation's capital for nearly two hours starting around 9:00 a.

saudi arabia and kuwait, let's take a look at those markets.fter turkey imposed a three-month state of emergency, checking in on the first word. department justice is looking to seize more than $1 billion in assets from malaysia. prosecutors say the money was spent on real estate, a jet plane and even helped bankroll a movie. they say malaysia will cooperate with any investigation. exxon mobil bid $2.5 million for inter-oil. stripping in earlier joint bid. the managing director told bloomberg is not in the interest to pursue the deal further. >> that delivers what we actually wanted which was to big projects gree together and reduce the capital costs. any the objectives that we sought has been achieved already. >> elon musk has on failed his new master plan for tesla. electric buses and freight trucks. he's even planning a ridesharing business. plan wasawaited delivered on the tesla website. republican vice presidential candidate mike pence told the cleveland convention that hillary clinton is the status quo candidate while donald trump offers

. >> i'm concerned about kuwait.eti economy issues on a relative basis because they have not undertaken structural reforms be taken elsewhere. >> thank you for that insight. ok, now, up next, more questions than answers, the latest twist on malaysia's troubles. ♪ ♪ >> the australian election is close with the result not due until later in the week. counting will resume on tuesday with malcolm turnbull ahead of with 66 seats and the labor leading with 72. the tight finishes a blow to malcolm turnbull who was seeking a mandate after seizing power from tony abbott. hillary clinton has been questioned about her use of a private e-mail server while secretary of state. she spent three hours at the fbi in washington and said she was happy to offer more information. the issue has dogged her presidential campaign. it has caused her to say she wishes she could turn back the clock. the uk's decision to split from the eu is seen as an opportunity for paris, frankfurt, and dublin. the ceo of euronext says the decision next the eu

kuwait for the first time has put domestic workers under the protection of their labor laws. we're encouraging other gulf countries to follow suit because some workers are not protected. we're asking for reforms of the sponsorship system. we have specific diplomatic asks of these governments that we are seeking to secure their better treatment of workers and their screening for trafficking. it.till deserves to be on was there any discussion about whether malaysia's deserves to retain its position? what was the argument around that? >> certainly every year we look at the facts on the ground in the country. mail asia, compared to what they did last year whether there were improvements. the tier 2 says you are not complying with the standards but you are making significant efforts. however, those efforts are not increasing on the previous year. so we do discuss malaysia is doing. and this morning the secretary addressed again political conversations do not go into tier determinations. they are not part of the minimum standards that we as a department apply when evaluating what h

bank and first goal bank will have assets more than -- first gulf bank will have $175 billion.an kuwaitraise $10 billion from the debt market to plug a budget deficit squeezed

saudi arabia, kuwait and bahrain, that was the last close. , this is the aviv picture ahead of the marketction about to begin. let's check in on headlines from around the world. the rebound in the property market is losing steam. of 70 large cities tracked by the government, prices rose and 55 cities. prices fell in 10 cities. more municipalities have joined cities like shanghai in imposing to slow the surge in property prices. shinzo abe has outlined plans for a bold stimulus package. questions remain about how it will be funded. bloomberg,view with a top government spokesperson ruled out issuing deficit bonds. >> we are preparing to accelerate abenomics to the next stage. there are many ways to fund the stimulus measures. issuing deficit bonds is not an option. rosalind: french police have made further arrests over the bastille day truck attack in nice that killed 84. 85 survivors are in the hospital, 18 with life-threatening injuries. 126orities in nice say soldiers are on patrol. the truck driver had no known links to extremist groups. president obama has condemned the shooting deaths

maybe even out of kuwait. but there are a lot of assets involved, a lot of assets involved, and i think to good effect. i am a retired navy captain, served three tours in southeast asia during the vietnam war. not a hero like john mccain and some of our other colleagues, but was -- know a little bit about trying to do military operations with units of other branches of the service. even in the navy. naval air, submarines, working with ships, working with service ships. it's difficult. it's complicated. try to do that with other countries, speaking different languages and having different kinds of military traditions and operating norms. it's not easy to put together a 16-nation alliance and be an effective fighting machine all at once, but we're getting there, we're getting there. we're making progress. i'm encouraged. i would say just if i could add one more thing, and then i want to talk what i really want to talk about, mr. president. this is a fellow named peter bergen who is one of the foremost experts i

just when you think we're going to stay on the african continent, is my convoy into baghdad from kuwait city. and it's pretty harrowing, and at one point our vehicle is stoned. those of you who recall iraqi history, it was where private first class jessica lynch was kid mapped -- kidnapped and she was raped. n and at that time to president ban that's point -- banda's point, i was completely second guessing my life, and i was holding a card from my son, andrew, and it said, mom, i love you because you take such good care of me x. i'm thinking, i'm not going to be able to do that anymore. but i went there because i felt it was my obligation to help the inc set up the communication operation. and despite all of the craziness, once i got there after 13 hours, it was a remarkable period in history x that chapter -- and that chapter defines that. and it closed with the meeting with ahmed chalabi and his famous quote that he says so many times, he quoted winston churchill -- he did, he passed last year. he says the americans -- gosh, i don't remember it. americans will -- frances, what is it a

but kuwait frankly when i hear poison pill riders, how about poison pill riders. how about regulations? we need to say what we think is appropriate for the people who sent us here. no disrespect to this administration, although i wonder what shoe it would have been eight years ago, but i wasn't here eight years ago to remember that, it's like listen, we are going to disagree on policy, but because the congress thought of something in the majority that it is a poison pill rider and pretend that everything comes out, health care, i.r.s., 501-c's. and by the way, in the c i got in civics, the power of the purse is the biggest oversight and it should be used. and i yield back. the chair: the gentleman from florida reserves. the gentleman from florida is recognized. mr. serrano: i yield to mr. hoyer for the purposes of entering in a colloquy. mr. hoyer: we have been working on federal bureau of investigation project since 2007. this project remains a top priority for the maryland delegation. the three sites under consideration were due on june 22, two sites are located

kuwait will sell stakes in the oil producer as it tries to improve efficiency.ar a 2016 high, led by japan where markets are in the best three-day run in six years.

ian: i think there were special factors in the second quarter, kuwait strikes, nigerian destruction,ped bring the market a little bit of a type of feel. demands continue to be good. so i would say yes, the market feels may be we have a slight -- we have to balance it out. i think we do expect to see more draws in the u.s. as production levels for onshore sales go down in that goes through to the actual stock levels which are still pretty high. against that, iran is doing pretty well. the oil is going east and i think we are seeing just a little bit of extra product coming out of the refineries that are running now. you know traders always get this wrong, but i would not be surprised to see us ending the year not too far from where we are. ryan: when we spoke six months ago you said $40 a barrel. you are getting more bullish? ian: maybe a tad because of the supply disruptions. most of that is beginning to correct itself but it takes oil out of the system. ryan: where do you see oil prices next year? ian: we expect those cuts will affect production. having said that, we do still see so

several members of iraq,ike nigeria, venezuela that need oil prices more badly the in a country like kuwaitudi arabia and that is what opec has been dealing with for two years. saudi arabia has been driving a policy to keep pumping out as much oil as they can to drive down prices and not give a subsidy to u.s. shale and canadian. but countries like nigeria are -- and venezuela especially -- where people are lining up to cross the border just to buy groceries, they are desperate for higher oil prices. so trying to bridge that divide between these two sets of classes of members will be his greatest challenge. >> what kind of background those bar bring to the role and will it help in anyway? >> we will have to see obviously. mohammed bartender was the hammed barkindo has the experience of working with other members of opec. he is is at citibank said a great negotiator who can listen and try to pick up where different sides might find a little bit of common ground. those qualities will help them in this job. whether he is going to be able to surmount these larger obstacles facing opec remains t

we are at a record already for the first half of the year, and we still have saudi arabia, kuwait wille raising bonds in the next 12 months, we have properties in dubai, they are considering bonds. so i think that if you discard the stocks and you look at bonds, you will see activity there. yousef: what is on your list? >> i think that we are insulated from brexit. we are still with dollars, we get a bit of strength with the dollar strengthening against the euro and pound, so we have installation there. and the oil price is key. in many ways, that is the impact from brexit, indirect. as global growth slows, the oil prices drop, and that could be negative for us. broadly speaking, we are fairly ok from the global turmoil and is more about the fed risk. yousef: sam, thank you. you can get more on that and the rest of the day's news on our digital destination, you will find in-depth reports and market data from the region, plus you can watch all of our reports and interviews, only available online. up, how will the u.k.'s to quit the eu affect the asian industry? we will look at the bigge

he didn't invade iraq after kuwait.is a real intellectual connection obama and the people around obama have to the h w bush follower -- foreign policy. charlie: is this an election none of us understand and because of social media, those are dynamics we can't quite agure out and will be determining factor in this election? amy: it has proven to be an electorate a lot people didn't fully understand. that has so permeated. jobs are better. the economy has picked up. we have learned a lot about the feeling that only those at the top can succeed. that's a fundamental shift in the american psyche and we're seeing it displayed in the rise of donald trump, the anger of bernie sanders. e.j.: i agree that there are things that you leads to grasp -- elites didn't grasp, how many people outside metropolitan areas were upset about 30 years of declining incomes. charlie: and they had a right to be. a range of factors including that their stake was diminished and technology and globalization had changed their future. e.j.: correct. a

qatar, kuwait, and bahrain as to buy the planes three years ago.letter obtained by bloomberg news, lawmakers say the u.s. has asked this country to take a bigger role in fighting the islamic state, but has not done anything about their weapons request. and the u.s. have agreed to deploy a new anti-ballistic missile system. south korea says it's in response to a growing threat from north korea. china is opposed to the move and urged the two countries to reconsider deployment. in columbia, the output of the cocainel of making has soared to the highest level since 2007. the government says marxist rebels have encouraged stepping up the planting of cocoa before a peace deal is signed. the guerrillas are telling farmers they will eventually repay subsidies to switch to legal crops. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries, i'm emma chandra. vonnie: the u.s. jobs market came roaring back last month with 287,000 jobs created in the month of june, but bill gross told bloomberg earlier that he

that is most exposed is that a number of islamic banks, particularly from qatar and saudi arabia and kuwaitve been buyin smalr turkish banks. these are relatively small investments when it comes to the banking sector. in the worst-case scenario, i don't anticipate the gcc banking sectors will stop her from that epective --. her from that perspective -- will suffer from that perspective. it's really not a systemic kind of risk for gcc banks. for the west, it is early to really assess that at this stage. angie: when it comes to ratings though, we recently had a cycle there where it really created a different landscape. asian investors taking a look at gcc and wanting to know who the winners and losers are, where uld you suggest? olos: i think the latest downgrade has created a big divergence. if you want categories, we have the aa credits of up to dobby qatarabi andh specifically. clearly, asian investors, because of the high rating criteria they have, they have a higher preference for the aa credit, specifically in abu dhabi and qatar. this is a trend we expect to continue. asian investors w

was an invitation, it was like embassador to iraq telling saddam hussein we don't really care about kuwait. you can't do stuff like this. these little nations are our best allies and nato outside of the uk and trump throws them to the wolves. i have a very low opinion of hillary clinton but she would never have said something that stupid. trish: forgive me. i know you have a very low opinion of hillary clinton, but he never should have said anything? >> no, no. she never would. no. trish: colonel, she's far more calculating in terms how things are going to be received in the overall press. to some extent what keeps getting him in trouble, you think that -- >> she knows the rules of nato. it's a defense alliance, an attack on one is an attack on all. it's given europe a longest period of peace in all of european history which is a bargain for us. nato is instrumental in winning the cold war and donald trump knows nothing about it. trish: wouldn't you like to see nato do more? >> of course, i would like to see nato do more. that's not what trump said. trump is threatening and inviting putin

dollars in her personal foundation from countries that don't recognize the state of israel, like kuwaitudi arabia, qatar. she won't recognize the jewish state instead of a meme that was posted three weeks ago by a comedian, an individual -- >> that's the argument, scotty, would be so much more effective had donald trump not tweeted out that image. >> and until you can 100% tell me and guarantee that he got that image from this anti-semitic website, all i can do -- >> apologize. if it was a mistake and didn't mean anything by it and he did change the image to a circle, which means he gets it now, why not come out and say, you know what, this was a terrible mistake. i can't believe i hurt some people and i'm sorry. >> well, he has not come out and spoken. i'll wait until he says something right now. but like i said, unlike -- >> he tweeted something. he came out -- >> he said he was sorry. >> the media was after him. >> he tweeted out a praise of the person of the jewish -- elsie who passed away. you said this message board praised the death of. donald trump praised the work of this man.

he served in kuwait. he cared deeply about his country. >> oh, yeah, he did. oh, yeah. it was mainly his sister, she was in the navy, too, and she talked him into joining the navy and he loved it. he just loved being in the navy. he liked being a police officer with the service. >> he will be missed. >>> cnn following breaking news in phoenix, arizona. you're looking at the live i'm migh -- images of live protests. you see what is happening. police lined up on the streets. tense protests. we understand that police have used tear gas, again, police using tear gas in these crowds. you see again, officers lined up on one side, protesters on the other and this arial image gives you a sense of what is happening there in the street. you can see many protesters there lined up against the police department. these live images right now at 11:13 in phoenix, arizona, that's where these protesters are happening. police using tear gas on the crowds. cnn will continue to follow these protests and others playing out across the country. this is cnn live coverage in dallas, texas. i'm g

in riyad and kuwait, temperatures of 122 and 126.record of death valley at 134. that is all over the united states and all over the world. so far, june was 1.4 degrees above normal. we don't see any break for july. it will be a hot summer. the heat is on. call it global warming or co2 in the atmosphere. it is here. >> oh, my gosh. chad. thank you for giving us that perspective when you see the numbers in iraq. thank you, chad. >>> here we have the skies opening up with the rain and a break in the humidity, but the campaign is heating up ever still. new national poll numbers. what kind of bump did donald trump get? the answers when "new day" returns. neither does frontline. introducing new frontline gold. with its new easy applicator frontline gold delivers powerful protection that doesn't quit for a full 30 days. its new triple action formula is relentless at killing fleas and ticks. frontline gold. the latest innovation from the maker of frontline plus. for persistent protection you can trust... good boy! go for the gold. new frontl

. >> american forces arrive home victorious from the gulf war after evicting saddam hussein from kuwaitorge h.w. bush is now the most popular president in modern history. >> went down on constitution avenue, when the army of desert storm marched up. and it was something like rome when the legions were coming back. i was so awed by it. >> at the conclusion of the war his approval rating was 90%. that was a halo effect from the war. it looked like maybe a good position to start a successful re-election. >> but with 16 months until the election, bush is reluctant to start the campaign engines. >> his first responsibility is to remain as president. you can't give up the fourth year of a presidency just because you have to run for president. >> bush is number one in the polls. he fears no democrat. >> most of the frontrunners looked at those numbers and decided i'm going to keep my powder dry and wait four years, this is not a good year to run. >> but one man is considering a run for president. bill clinton has won five terms as arkansas governor. but he is still relatively unknown outside h

it was almost 130 degrees in kuwait this weekend. 138. is that what i just said?0 degrees k that's just a few degrees shy of the hottest temperature ever recorded on the whole marble. and in iraq, temperatures caused a power outages. >>> as hillary clinton tries to identify democrats, the -- something bernie sanders have been demanding. the details are next. now she writes mostly in emoji. soon, she'll type the best essays in the entire 8th grade. get back to great. all hp ink buy one get one fifty percent off. office depot officemax. gear up for school. gear up for great. . . >>> bernie sanders supporters tried to get some rule changes. they may have won a partial victory. the democrats are now creating a new unity commission that could lead to changes in the next election. nomi coats is here, she's a bernie sanders supporter. >> i think they have a lot of work to do. >> they have a lot of work to do to get you to vote for her? >> i'm going to vote and i'm going to vote, if i vote, i'll vote for a democrat most likely. >> are you going to write him in? >> i'm goi