s -- we welcome the middle east capital to come to us. >> you want to set up a bank in the middle eastdchairman bank of the philippines. we have been mandated by the president to establish a banking presence in the middle east for ease of transactions with our osw's there. our people have been surveying the areas and they have looked at dubai and bahrain. a couple, or 10 days ago, i had a meeting with the chairman of the bahraini chamber of commerce. he was saying it would be very good for us to establish a bank there. >> and you think a decision would be made? -- when do you think a decision would be made? >> by august or september of this year, we will have a banking presence. perhapsrd you are trying to attract will refinery in the philippines by middle east companies? >> we are looking at improving their investments in the philippines and certainly a refineryobably an oil would be perfect. >> help out brexit? -- how about brexit? u.k.00 filipinos in the remitting $1.4 billion. what is going to be the direct impact from brexit? >> the philippines, we get yeard 2 $29 million a that w

shery: up next on the best of bloomberg markets: middle east, we talk about the outlook for middle easterncks as the fed looks increasingly likely to raise rates this month. ♪ yousef: welcome back to the best of bloomberg markets: middle eas governor reynard says a rate hikes likely to be appropriate soon. shery: the latest economic report reveals a modest to moderate growth in the u.s. economy. the beige book sees further tightening in the labor market with no significant raises in employment or inflation. here is what they see the fed to doing. >> it has dominated markets over the past few quarters. that is set expectations and trade tensions. to escalate between countries it -- and the u.s.. the new u.s. administration is not likely to call china a currency manipulator at this stage. we are seeing the taiwan dollar do well since the start of this year. since these are not as sensitive to currency -- u.s. currency movements, it is because we have this reflation story that is very much part of that. if we were to see a fed move in march and dollar strength would look to be in currencies l

that statement you made following the meeting on the middle east.you surprised what you saw about the attitudes and discussions on the middle east? what can be done to change it? confused.: i was it was totally bizarre because in my first month, talking about the middle east, there is a lot to talk about. whether you are talking about has blood or isis, all the issues in syria, which is a problem. that is what i expected us to talk about. i did not expect in israel hashing session. literally listening to each overr say the same thing and over again, i knew they said it was bad, but until you hear it and see it, you just can't comprehend how ridiculous it is. [applause] here areof people getting to know you for the first time. the theme of our conference is many voices, one mission. celebrating the diversity of the pro-israel cause. can you talk of how you started to learn of israel, your affinity for israel? amb. haley: i am the daughter of indian parents who reminded my brothers and sisters and me how blessed we were to live in this country. [appla

that is disappearing and really no more middle-income so you guys in the meeting please think about us and let this be a real thing thank you >> thank you. >> next speaker, please. >> commissioners dan policy director at neighborhood commercial district cd chinatown people from the light court downstairs they got carries a hopefully, the next time we're able to accommodate for osthose - we'll be attending the next meeting on this matter i don't want to mix word but be contrary from our perspective the proposal that supervisor safai and commissioner london breed and supervisor tang are put forward a step backwards from the stand point of inclusionary housing program that has expanded opportunity and tricks the amount of calling for a conclusion i agree with what people said about the housing crisis but we shouldn't do it on the backs of poor i think we can move in that direction with supervisor peskin and supervisor kim's proposal and i hope we have a conversation for those who are maybe on the other side of the #0i8 let's come together in the coming weeks we need to make our policie

were you surprised what you saw about the attitudes and discussions on the middle east at the u.n.hat could be done to change it? >> you know, i was confused. it was totally bizarre because in my first month talking about the middle east there's a lot to talk about and whether you are talking about hezbollah or isis, all the issues in syria, which is, you know, a problem, that's what i expected us to talk about. i didn't expect an israel bashing session and literally listening to each member say the same thing over and over again, i knew they said it was bad, but until you hear it and you see it you just can't comprehend how ridiculous it is. >> so -- [ applause ] >> a lot of people here are just getting to know you for the first time. the theme of our conference this year is many voices one mission. celebrating the diversity of the pro israel cause. can you talk a little bit about how you started to learn business real, your affinity for israel. >> well, i am the daughter of indian parents who reminded my brothers, my sister and me every day how blessed we were to live in this cou

a amenity have been integrated to the home sf and supervisor safai was interested in the missing middle he asked director rahaim about the lack of smaller misrepresent units and director rahaim described the economics and suggested that strategy zoning can encourage the development supervisor fewer discussed allowing for senior housing and the problem of them in large unit and supervisor kim said she's eager inform move forward with a recommendation in response director rahaim said first to better understand the economic impacts of the community public comment were largely in support of recommendation and focused on housing costs several mothers spoke about the structural of being worked out a single mom andes capping depends on and the elderly talked about you how the housing costs push families into long commutes as well as teach family housing issues and so moving on the next step proposed for the department is producing a design resource guide and the work on the housing that will help to improve our understanding of housing and then lastly we'll work on the financial implications f

be here i think we agree that families with children are the integral part of the intent for the middle and moderate housing meets the city's goals to solve the housing crisis will have housing for working-class and thirty percent of all new housing will be permanently affordable and 40 percent are required to include two bedrooms or more restrictive and challenging in san francisco are here we've got a lot more work to do this is an sdwralg part and the most significant program we can put together we've working on in a very long time but part of a multi faceted program for an important role in keeping families in the city i really look forward and want to acknowledge the mayors leadership and supervisor tang's leadership we're looking forward to working with that to move forward and get housing built thank you very much. >> (clapping.) >> so thank you for being here and again everyone that as a partner so many advocates if you can raise your hand if you support more restrictive housing in san francisco. >> so amazing to see all the grassroots support for more restrictive housing and, o

jerusalem is an example to the middle east and the world of what can be. -- what dateest middle easte should be recognized by all of humanity. >> beautiful. >> very briefly. your hopes. >> jerusalem has a role in the world. it is an inclusive role. enabling all people from all tribes -- mind you, jerusalem -- never divided into tribes jews and non-jews alike to come and enjoy the holy city of jerusalem. pasthere are future to our and excel. it can be done. it is being done. i just want to work faster to fulfill that role your after your even better than we did before. >> youthful. >> and you, very briefly on finally. >> my prayer for jerusalem, my city, our city, is that the international community will recognize the jewish people as a legitimate custodian of jerusalem. [applause] >> and that we will see ofselves as the custodians jerusalem for humanity. what aes and gentlemen, wonderful, invigorating 60th anniversary conversation. you very much. thank you everybody. >> thank you. ♪ announcer: vice president mike pence also spoke to the aipac conference. he talked sunday about moving

daytime highs in the middle 60's. culpeper may even see temperatures in the upper 60's, but a cold front will move through late in the day tomorrow, changing the wind direction more to the north and northwest. you will feel it wednesday. highs tomorrow middle 60's, sunshine in the afternoon. i hate to show you this, but the windchill factors wednesday will start off in the upper 20's at 8 temperatures rebounding into the middle 30's by about 4 p.m. real concerns for the cherry blossoms early thursday morning, with wake-up temperatures in the middle 20's. we rebound nicely towards the upcoming weekend, waking up early saturday morning near 50 degrees. it only gets better. high0 day outlook, 45 the wednesday, really gusty wind, upwards of 30 miles per hour. upper 40's and not as windy thursday, warmer still friday. saturday, 72 degrees. sunday with much-needed rain coming through. middle 50's monday, but back near 70 the middle of next week. alison: love that saturday forecast. an update on the cherry blossoms -- the na

east. ♪ yousef: welcome back to the best of bloomberg markets: middle east.n musk's vision for a superfast transport system he says is a mix between concordes and then air hockey table is on the way. they are in talks with sovereign wealth funds to bring the project to the region. here is hyperloop one's ceo. let's start with a preposition in terms of opportunity. i will pull up this amazing function. with as a map of the gpp different countries. what i have added are the road networks, which are quite scarce in terms of connecting different countries. you can see in the uae, the road network is more dense. how long would it take me with your system to go from dubai or abu dhabi to riyadh? >> with our system we could go to any city in less than an hour. considering the gulf region does not have developed rail network, considering some of the challenges we have with road systems and their development, it is a new mode of transportation that has the speed of an airplane, a safe environment, and allows us to do that at the cost of a bus ticket. and transform the

class and people trying to get to the middle class. at his inauguration, he gave a speech aimed at the working people and after that, within an hour, he signed an executive order that helped the banks and added about $500 to the mortgage of every new homeowner. you can't just talk the talk, mr. president, you have to walk the walk. and on issue after issue after issue, we haven't seen anything or negative things for the working class. we heard some talk about infrastructure. democrats, a month ago, put together an infrastructure plan of $1 trillion. it was a strong plan. it's gotten a lot of support throughout the country. where is the president's infrastructure plan? we haven't heard a peep about it and some of his white house folks leaked that, well, we won't get up to infrastructure until next year. mentioning it in a speech, infrastructure, it's not going to employ a single new worker. what about trade in the president talked about trade, putting america first. i views tend to be closer to president trump's than they were to presid

east.and we cared about the oil because it is 100 percent of european oil came from the middle east. so we want to commission it friendly arab regimes that were, if not aligned with the united states at least keep you soviet union out. that is the goal. >> and then at eight eastern on c-span q and a. >> on monday, senate minority leader chuck schumer question the credibility of the house investigation into potential ties between russia and the trump campaign. he also talked about the failed effort by republicans to repeal and replace the affordable care act. and the prospect of tax reform later this year. >> mr. president, this afternoon a few topics. first, on the investigation into the trump campaign potential ties to russia. this is a matter of such gravity. we need to get it right. there should be no doubt about the integrity and impartiality of the investigation. either in the executive branch for the department of justice are looking to export in congress. or the intelligence committee both chambers of conducting an investigation. unfortunately, the house intelligence committee

were you surprised that you saw about the attitudes and discussion on the middle east at the u.n.?can be done to change it? >> i was confused. it was bizarre because in my first month, talking about the middle east, there is a lot to talk about. whether you are talking about hezbollah or isis, all of the issues in syria which is a problem -- that is what i expected us to talk about. i did not expect and israel bashing session. listening to each member say the same thing over and over again, i knew they said it was bad, but until you hear it and you see it, you cannot comprehend how ridiculous it is. [applause] here arelot of people just getting to know you. the theme of our conference this year is many votes is -- many can you talk about how you learned about israel? >> i am the daughter of indian parents who reminded my brothers and my sisters and me how blessed we were to live in this country. [applause] >> the truth is i have seen so the similarities between israeli culture and the indian culture. we are very close knit, we love our family, we have a strong work ethic, we believ

♪ >> welcome to the best of bloomberg markets middle east.et's get the major stories driving headlines this week. president trump signs a new travel order. iraq x-games the ban this time around. upplies from libya are interrupted. retalk to hyperloop one about its plans to bring a futuristic transport system to the gulf. plus, a property developer has garnered international attention. it is business at home, will be in focus. we spoke to the group chief financial officer. >> i would like to start off with your sense in terms of the operating environment. this chart on bloomberg tells the story in terms of high-end dubai property. this goes all the way back to 2009. can you see the downside pressure. this is the paris per square foot. this is for high end villas and apartments. what is your take? >> i think to understand where we are today, we need to take a step back and look at it precrisis, going into the crisis and coming out of the the crisis. up until 2008. the tube mark had been growing. in 2008, not unlike the rest of the world, dubai

middle—class jihadist, so, step away from the biscuits.—class jihadist, and it so, step away from the biscuits. middle—classjihadist, and it talks about how khalid masood, adrian elms, as he was born, grew up in kent. and what happened to him, after being a normal boy, and falling into crime. we all are what has happened this wednesday, just because you have been born in kent sussex does not make you and your class, i grew up in a village outside of tunbridge wells, he grew up outside of tunbridge wells, he grew up in tunbridge wells, the mail seems to imply that somebody in tunbridge wells, some of these pretty villages, have an automatically middle—class outlook and background. that is not necessarily the case, there are some very impoverished wards in tunbridge wells. i was there as a reporter. he was the son of a single parent. 50 yea rs was the son of a single parent. 50 years ago, at a time when being is ingle perrin was much more difficult. he went to a secondary modern in tunbridge wells, several new marriages in his family. —— whe

i grew up in a poor -- lower middle-class family.'m going to fight as hard as i can to make sure that we are supporting programs like that. $6 billion to nih. congress put additional money into helping find medical cures that save lives and now they want to cut $6 billion. they are cutting programs like meals on wheels. i've gone and helped deliver meals to seniors and others. that would be a devastating cut to people like that. my mom is 88 years old. she can barely leave the house. that is people across the country. what did big bird ever due to this administration? i don't know, but these are the things that real people are impacted by. but then we are going to have money to build a wall. and now we seem to be paying for that. now we are going to take more money and put it into some of the other defense and other programs that are all coming out of programs that help real people. that is a big mistake, luckily congress can still impact this budget. it shows the real disconnect in the campaign trail was promise to people, working f

jerusalem is an example to the middle east and the world of what can be, what the middle east can be.ish, should be recognized not just by the united states but by all of humanity as a light unto nations. >> beautiful. [ applause ] nir, very, very briefly. your hope for the city's future? >> jerusalem has a role in the world, inclusive role, it's enabling all people from all tribes, mind you that jerusalem was divided into tribes, jews and nonjews alike to come and enjoy the holy city of jerusalem. connect our future to our past. and excel. it can be done. it is being done. i just want to fuel and work faster to fulfill that role year after year even better than before. >> beautiful. yossi, very briefly and finally. >> my prayer for jerusalem, my city, our city, is that the international community will recognize the jewish people as the legitimate custodian of jerusalem. [ applause ] and that -- and that we -- and that we will see ourselves as the custodians of jerusalem for humanity. [ applause ] >> ladies and gentlemen, what a wonderful, energizing 50th anniversary conversation. nir

predominantly a middle eastern developer.e east at the moment is not having its best spell over the last hundred years or so, and from a property development point of view, we will be focused on dubai. we like saudi, an interesting market. i think those are the markets where we want to remain in. having said that, if you look at our pipeline and the land banks come it will continue to be dubai for the foreseeable future. yousef: we will leave it there. joiningu very much for us. when new feature we would like to bring your attention to is one of my favorite functions, the interactive tv function. .ou can find it at tv you can watch us live and see previous interviews and dive into any of the functions. if you scroll lower, you will see some of the great charts we have prepped for you, including qrv function for damac properties. 20 to see there, tv . shery: you can become part of the conversation by messaging us on that function. coming up, the rising tension in asia as north korea warns the region is moving towards

the middle east as an example of what can be done, not what can't be done.omacy in the prime minister's office or representing a party, i'm always reminded of the fact that i'm basically a two-hour drive from isis. i'm a four or five-hour drive from the civil war in iraq, three-hour droive from the civi war in syria. here we are in this capital of israel. jews of various stripes and observances and political outlooks, christians, muslims debatingeb

th start to tuesday, middle to upper 50's. by midafternoon, we are highs in the lower to middle 70's. on the way, is likely to trigger showers come even thunderstorms. i will give you the timing, plus talking about fog early tomorrow morning. now, a section of the country is reeling from severe weather. tornadoes reported through the plains yesterday with heavy rain and hail. in oklahoma, funnel clouds were caught on camera, people running for shelters. in this is texas, getting pelted by hail the size of baseballs. is not over. several states are still under severe weather watches and warnings. debbiethe world, cyclone is pounding the northeastern coast of australia. windstorm is packing around 155 miles per hour with a surge of about 20 feet. one death is already being blamed on the storm. alison: developing now, the search for a missing tennessee teenager has entered its second week. familyeth thomas' released this home video in hopes that people will recognize her. investigators say the 15-year-old and her teacher were com

a quick roundup of stories from the middle east.t has tested a sophisticated russian-made air defense system. it is capable of tracking and striking multiple targets and involved the range of flying objects, including missiles. it received the system last year . russia delayed delivery after strong objections from the u.s. and israel. yousef: turkish president erdogan says that terrorist should be on trial. erdogan said that a reporter was jailed because he was a spy. tracy: and the world fell top independent oil trader is -- the world's top independent oil trader is leading a deal to buy petrol sec. .raders are -- petrol ofisi market share of roughly 23%. sticking with turkey. inflation in the country has surged to its highest level since 2012. higher energy prices pushed february's rating up. yousef: for more on this story, we have our global stories partner. thank you for coming on the program. i put up a chart for additional context in terms of how inflation has built. a line of blue right here and then you have the line in yell

mid-day it's in the middle the - middle 30's. we have a hard freeze coming in the area and another blow to the cherry blossoms. with the wakeup temperatures early thursday at 27 degrees. wakeup temperatures moving closer to weekend. by saturday we have the highs of 72. cooler on sunday. chance of showers. the ten-day outlook. we are going to warm up for the weekend and then we move to next week and we are looking at the temperatures in middle 60's. by wednesday, thursday, friday. with trenice bishop. trenice: maybe not shouting for joy on the beltway. the regular delays are picking up. slowing down for folks on the beltway. 495 from the dulles tollway. inner and the outer loop is the sticky spot. 270 is building volume for the northbound climb from gaithersburg to germantown. you can see red on the map. the top said is not too bad through montgomery county. slowing at the live camera and montgomery village avenue to georgetown. for folks in wheaton we have report of an accident that is out of the camera view here. far enough in t

you're watching bloomberg markets middle east. i'm tracy alloway. i'm yousef gamal el-din live from kuwait city. let's get you up to speed. we need more malls, because the company is said to make a bid for soup.com challenging an existing office of -- offer from amazon. they have offered about $800 million for the online retailer. is also converting a deposit on $500 million. souq.com could not be reached. uber has -- tracy: uber has suspended its self driving vehicle after it was involved in a high profile crash in arizona. the company's is they are not responsible for the accident. tests until it can complete an investigation. brazil accounts for 20% of global beef exports and 40% of chicken. the industry has been accused of bribing health inspectors for products. china is due for monday. china dairy holdings, the largest cattle arm operator plunged as much as 91% in hong kong. four months ago, they said the company was worth close to zero. the crash remains unexplained became a day after they met local lenders. the plunge wiped more than $4 billi

they remain our strongest ally in the middle east. [applause] rep.n: finally, i would like to address something that hits pretty close to home for all of us. in recent months, we have seen an uptick in vandalism, acts of desecration, bomb threats against jewish communities nationwide. i've seen it and my own backyard. in whitefish bay, wisconsin, right on the right side of milwaukee there have been to threats on a local jcc. i was there in february. i mean, just think about parents getting the calls in the middle of the day. it makes you turn your stomach. these threats and attacks on jewish americans are vital and and they are disgusting. [applause] rep. ryan: they are rooted in a poisonous ideology of hate and they must be wholeheartedly rejected. [applause] rep. ryan: so what i want to say to you was this. you're not alone. we stand with you. i stand with you. my colleagues in congress stand with you on the american people stand with you. together we will read out this evil wherever it may surface. we are all in this thing together. friends, we ar

and we cared about the oil because it was 100% of european oil came from the middle east. so we wanted to make sure that we had friendly arab regimes that were -- if not aligned with the united states, as least keep the soviet union out. that's the goal. >> sunday night at 8:00 eastern on c-span's q&a. >> c-span's washington journal, live every day, with news and policy issues that impact you. coming up tuesday morning, tax foundation economist kyle will frame the upcoming congressional debate on tax reform and examine democratic, republican, bipartisan proposals. then north carolina republican congressman walter jones and california democratic congressman john garamendi will join us to discuss a bill they co-sponsored calling for a complete withdrawal from troops from afghanistan. be sure to watch "washington journal" tuesday morning. join the discussion. >> white house press secretary sean spicer was joined by attorney general jeff sessions at today's press briefing to talk about immigration and the issue of sanctuary cities. this is an hour. >> hi, guys. good afternoon.

>> reporter: we're in the middle of deploying.he administration has moved forward with the deployment of the thad terminal high altitude missile defense. they're putting it in south korea. it has incredibly long range and could hit these missiles as they're coming off the launch pad. the chinese are upset about it. the russians are upset about it because it can reach into their territory. we've been working with the chinese since the clinton administration to try to turn north korea's missile program and nuclear program off. it hasn't worked. i'm glad to see us moving forward. the other thing i wanted to mention, also the leaks from snowden, the cia cyber packing tools just leaked, that represents an important middle ground to where we could have really delayed and attacked covertly this program and now these folks who think they're worried about privacy and other concerns have put all our tools out on the table. now we've lost that option. since we have the diplomatic option with the chinese and the military option, which is real

left-leaning laws that purport to help the middle class but actually hurt middle-class families. a great example of that is obamacare. americans were promised costs would go down, but of course they went up. americans were promised more choice, but they got less. americans were promised they could keep their plans, but that was a broken promise as well. no wonder americans were so tired of what they have seen the last eight years. they are ready, mr. president, for something entirely new. they are ready to start believing in the future again. the president made clear last night he is ready to work with congress on policies that can actually move us forward. he'll find many partners in congress excited to get those things accomplished. we share his commitment on other issues he outlined, too. we agree that our children deserve better than failing schools. we agree that our veterans deserve better than failing bureaucracies. we agree that our brothers and mothers and friends and neighbors deserve better than the scourge of heroin and prescription opioid abuse. in an era of divided

and tax cuts for the middle—class and tax cuts for companies. the likes of the mckay in japan making games because of the strong us dollar —— we're only seeing the likes of the nikkei in japan making games. there's relief over the president's toned down rhetoric over protectionism when talking about china and mexico using concerns over trade wars, but no great gains so far. we will leave it there because time is tight, so much to squeeze in but thank you. do you know the difference between vr and ar? silicon valley has high hopes for both of these emerging technologies, but the world we live in could be very different if one takes off ahead of the other. stay with me. i will explain in detail. starting with vr or virtual reality. it involves the creation of a 360—degree computer generated environment. game developers and film producers have been quick to adopt the technology, there's been a lot of hype, but it is not mainstream yet and could be some time partly because of the cumbersome headset you have to wear to engage in vr. by contrast, augm

he ran as a defender of the middle class. the minute he got into office, maybe led by vice president pence and some of the others, he moved so far to the hard right that it's virtually impossible for us to work with him. if he changes, he'll have a different presidency. he has to tell the freedom caucus and the hard right special interests who are dominating his presidency. he didn't campaign for them. he campaigned on the opposite. he's going to have to tell them he can't work with them. it will be guided on our values. we're not going to oppose things because the name trump is on it. we're not going to compromise our values away and help the well to do and hurt the middle class and the poorer people. that's what he's been doing so far. >> government runs out of money i believe on april 28th. you can filibuster a government funding proposal. are you prepared to shut down the government? >> no. we don't want to shut down the government. we proposed to leader mcconnell the same thing that worked last year. three things. no seq

iran fans the flames of sectarian warfare in the middle east. russia remains a threat to the post cold war world order. in the coming years, dictator will rise and fall. geopolitical landscapes will shift. threats to our nation will evolve. but as i look out over this vast horizon of uncertainty, i remain optimistic. and so should you. that is because for all of the challenges we face here and around the globe, one thing, one final thing remains constant. our unbreakable alliance with israel. [ applause ] so i want to say a final thank you. thank you for being here. thank you for using your voice for good. on behalf of congress, thank you for sending a clear and unequivocal message to the world that the united states stands with israel now, tomorrow, and always. god bless you. god bless the united states of america. god bless israel. good night. thank you. [ cheers and applause ] ♪ >>> please welcome aipac managing director for policy and politics, annie christiansen. >> good evening. our next guests are two

bloomberg markets: middle east.srael's energy minister is confident that a national gas pipeline with turkey would conclude by this summer. speaking on tuesday, he said guest should start slowing north as soon as three years from now. >> started their half a year ago several rounds of talks conducted with the turkish energy minister and government. the purpose is to conclude this summer, a government to government agreement understanding of the gas pipeline. in order to be able to exporting natural gas from israel from the vicinity to turkey. nowher direction that is under discussion is much longer. the gas pipeline stretching from israel through the mediterranean to italy would enable us to --ort this really and gets gas to italy and greece in the near future. you are making progress then when it comes to talks with turkey. the other front has been with egypt, impeding your ability to export gas to egypt at the moment. how much progress have you made re?r question mar >> we won't elaborate on some discussions about

bob malley, former senior advisor to president obama and the middle east.le flournoy, former undersecretary of defense, and martin indyk, former everything important on the middle east, okay, for several administrations. i want to begin by posing a question to all of you. what strikes me about this moment, moments like this review followed this region and this conflict most of my adult life, is haven't been here before. haven't been to a time and place where israel was more free to be whatever it wanted to be. i can't imagine a time when the country -- country surrounding it were weaker. when europe was more distracted, and when we had an administration in washington that either didn't care or wouldn't care about whatever israel does. martin, start with you and it will go down the panel. what do you think this means? what do you expect to come out of this unique situation for the israeli government right now? >> not much. [laughter] >> thank you. michele? [laughter] >> go ahead. >> first of all, i just want to say hi, everybody. it's great to see you here i

. ♪ >> this is the best of bloomberg markets middle east.ait's minister believes his country will be good shape in prices can be maintained between $50 and $55 a barrel this year. they are assessing the opec led output cuts. have a listen. >> we are not surprised right now that the prices have fallen back. the prices have fallen back not because there is non-conformity. but they have fallen town because the storage has not moved yet. as we said earlier, there are reasons why the storages have remained as high as they are to today. we will see the differences in the third quarter, maybe later in the second quarter. as we stated in our press release today, conformity was very satisfy for the committee. conformity overall is good. we are urging other countries to follow suit to fulfill their requirement, and hopefully that will happen soon. >> when you talk about inventory levels, which inventories do you usually look at? -- t u.s. inventories, or e or oecb invin doris? >> now what we were hoping actually at the beginning was that the u.s. inve

>> welcome to the best of bloomberg markets middle east. juries driving the headlines across this week, oil on a roller coaster ride. battles are increasing output in the u.s.. >> president trump won praise from saudi arabia's ruling family. shares hitting 70 or higher on merger talks. democratic route between turkey and other lands escalated. president erdogan called the dutch fascists. >> you can stop our foreign ministers playing all you want. -- plane all you want. about diplomacy. we will evaluate all of these accordingly. .hey do not know politics they are so shaky and cowardly. >> erdogan's relations with the eu turning for the worst. for more we spoke to alastair campbell. >> i think it is complicated. there's lots of stuff going on. happened, itt has probably explains trump and brexit, the financial crisis happened. a lot of people felt those who caused it are just carrying on regardless, and they have paid a price. the may be some truth in that. what politicians like trump have brexit and ae referendum is the ability to exploit an

and we know that some of that supervisor the middle-income we don't track middle-income housing we onlyrack blow a certain level typically from the market what housing and, postage that but the number we know in terms of meeting our goals on each income level the levels that are at least being compromised right now. >> thank you supervisor ronen. >> yes. thank you for the report definitely many interesting components he noticed how thin the discussion of forgot was in the report you admitted that was a - the issue that is eclipsing others and family see are finding it difficult to live in this city i was surprised that is my interested area and we would have benefited from the affordable housing and what we can do that that . >> - it is not one magic solution to increasing the stock of affordable housing but look at all the measures and certainly willing to look at more detail. >> in a report for housing four children none of those issues are mentioned it is a glaring absent from the report. >> thank you supervisor ronen supervisor peskin thank you, madam president i was interested in t

the middle east capital. you want to set up a bank in the middle east? you in those talks? >> and the chairman of the land think of the philippines. we have been mandated by the president to establish a banking presence in the middle east for ease of transactions with our os w's there. our people have been surveying the areas. we have look at dubai and bahrain. meeting with had a the chairman of the bahraini chamber of commerce. he was saying it would be very good for us to establish a bank there. reporter: when do you think a decision would be made? >> by august of this year. by september or towards the last quarter of this year we will have a banking presence in that area. reporter: i've also heard you're refining attract oil in the philippines. is that happening? improvinglooking at their investments in the philippines. refinery wouldl be perfect for us. reporter: how about brexit? 200,000 filipinos in the united kingdom. fouling --een the falling pound sterling which will be reduced coming back into the philippines. will be the direct impact of that

i mean, just think about the parents getting those calls in the middle of the day.t makes you turn your stomach. these threats and attacks on jewish americans are vile and they are disgusting. [ applause ] >> they are rooted in a poisonous ideology of hate and they muts be wholeheartedly rejected. >> so what i want to say to you is this, you are not alone. we stand with you. i stand with you, my colleagues in congress stand with you and the american people stand with you. together we will root out root evil wherever it may surface. we are all in this thing together. friends, we are living in very dangerous times. isis still threatens our troops abroad. north korea continues to spew belynn gent anti-american rhetoric while testing long-range missiles and nuclear devices. iran fans the flames of sectarian welfare in the middle east and russia remanes an ever-present threat to the post-cold war order. in the coming years, dictators will rise and fall. geo political landscapes will shift. threats to our nation will evolve. but as i look out over this vast horizon of unc

objectives in the middle east and that's what we have to protect., by the way, israel has a real stake in the kind of deal that comes out of the syrian negotiations. if it ends up with iranian proxy forces in the golan heights, that is not a good deal for israel. so israel really has to care about how this comes out. the other thing i would say is that, it's very difficult to separate all these issues, even what you were talking about with martin. if trump really does want to make substantially more progress, vis-À-vis isis, you have to worry about iran. because right now i ran is pushing baghdad to maintain a hard line against the sunnis inside iraq. as long as the approach of marginalization continues, we will have a very hard time even if we are successful in mosul with iraqis keeping isis out, keeping you from coming back again and again and again like a terrible, terrible weed. same is true in syria. you cannot follow the isis problem -- sol -- unless you get a solution to the broader syrian a problem that doesn't completely marginalize the maj

.) >> so it is difficult for us to find housing that is available for us who are middle-aged in the community. >> (speaking spanish.) >> i think we're all in agreement we all deserve dignified housing that is affordable for all. >> thank you very much. >> next speaker, please. >> >> (speaking spanish.) >> good afternoon. my name is anna a single mother and difficult to find a home that i can afford. >> (speaking spanish.) >> i ask you to mr. will in the reduce of number of units for people with low incomes. >> (speaking spanish.) >> for me difficult to find a home i can afford to pay. >> (speaking spanish.) >> i want to be able to find and home i can afford stability for my son. >> (speaking spanish.) >> right now, i'm sharing with an room with my son we share as a kitchen is the dining room. >> (speaking spanish.) >> please i ask you is to help build more housing for people with low income. >> (speaking spanish.) >> i want to continue living in san francisco and be able to give my son the stability so he can continue in his school work. >> (speaking spanish.) >> it is not only a problem for

oil is never far from our hearts or minds in the middle east.ake a look at how is -- it is trading. it had a bad week last week. it is still down, but paring losses somewhat over the past 30 minutes. we now have brent down .7%. wti crude down .89%. the picture is not that rosie. here to talk more about that picture is anthony. he will point out that oil's fall from grace has something to do potentially with hedge fund positioning. they have been cutting their bets on wti, according to the latest data release. anthony, is this the reversion to the mean we have all been expecting? we did see investors hold up huge positions when it comes to oil after the opec production agreement. indicate thatuld fact that traders are cutting their long positions and going more short, according to what we would see from the trading day -- trading data. we expect that to continue going forward. it indicates that there is somewhat of a loss of confidence. that opec can deliver on the cuts, so that they can meet their targets to bring down the stockpiles. it will lo

this is no neutral, downthe middle judge. even though he comes off as very erudite and very careful. and if judge gorsuch fails to get 60 votes and fails to demonstrate he is mainstream enough to be on the supreme court, we should change the nominee, not the rules. the republicans are the ones to go nuclear. this idea, oh, we have no choice, they're free actors. they could easily come to another nominee who might be a . ttle more mainstream president clinton, president obama consulted republicans before they nominated someone. president trump went to the hardest right sector of american politics and said, you give me your wish list and i promise you i'll pick one of those. not e republicans should make it their choice to go nuclear. they're acting as if a rules change is inevitable, like it's the only choice that 60 senators shouldn't agree that judge gorsuch should be confirmed. they're wrong. it's not to change the rule, it's to change the nominee. and if the nuclear option is invoked, it's because our republicans in the se

he talked about growing opportunity, better jobs and a thriving middle class. then actually put forward policies that can get us there. what a change from the last eight years. he also outlined some of the actions he's already taken to move these priorities forward.