it means that middle. the people in the middle. in between rich and in between poorer. there is a sense of that, too. james harrington in england in the 17th century recognize that that there are people in the middle. at the 18th century see lots of people in early america. they say the middle people. somewhere in between the wealthy and the poor. the middle-class itself does take prominence in the torre era as the phrase, but i think the basic idea is pretty can escape route to political thought of the centuries before that. >> thank you. >> yeah, let me thank you for a very interesting and talk. i have a few questions. i am from the caribbean, has said he saw another than are mostly come from a different angle. and i was somewhat surprised that you declared obviously the constitution to be kind of the middle-class cons to shame. i'm sure you know the great political right of pointing out how the constitution was written in the united states. granted it was bland and the opportunities for people to get in. .. >> i was maybe 18, 19, and i'm thinking something is wrong i

there are for to having a small middle-class with a lot of people if you are middle-class. there is also the constant reminder there is a lot of poverty out there, and you can start to take on as a small middle-class -- what is the word i'm looking for? a siege mentality. right? you can worry about the masses of poor and working-class people that surround you, and the rich people that are so far away. and those rich people don't want to be like you, the same way you don't want to fall down to the working class if you are middle-class, well, the wealthy people have no intention of falling to middle-class, which -- veryy fall -- bury far fall for them as far as they are concerned. you have a new middle class that is small, growing, and confronting these circumstances. here is the other thing we want to think about. in this moment, they are smaller than the poor and the working-class, but they have a lot more money than that. and even though the wealthy are wealthier, there is more middle-class people that will be wealthy. so there is more middle-class people and they have mor

it is not that we will not see operations in the middle east. i think it will resonate among his base in particular and those who have then a little more approach,st in their i think it really echoes the sentiment. host: what was the initial reaction from the states that heard the message? i think it does stem from the fact that the president has come out forcefully against iran . this is the common fear and common goal of tackling the enron problem. if he is telling him to crack down on extremism and that is the trade-off and isolating iran , perhaps the iran nuclear deal they find some objectionable, this i think is the trade-off they are willing to make. reaction we get any from this message president trump was delivering? guest: the iranians were not pleased. the president signaled out -- singled out the iranians in the address. they are not happy. what this underscores here is there is a lot of talk about him being a moderate, the entire system is not moderate. at the end of the day, it is run by a supreme leader who is not moderate. the re

american actions are what keep middle eastern or safe among us. thank you for joining us on this monumental arrival in tel aviv, israel. we turn now to pablo recast, democratic strategist joining us as we watch the survival and anticipation to canadians going forward. there's so much much hope on this trip. what would be the one critique that is front and center? >> women spread so far. but then again, obviously yesterday he had to play to his audience. nicole: can you give us an example of what you're talking about? >> sure. yesterday was a roomful of men and we spoke about military strength and the one inserted in a glancing way he did touch on the importance of the equality of women, but i think we can do more. israel has allowed our track record for equal rights because the president so far with his daughter and first lady. true to vodka has done a wonderful job. women living in saudi arabia. she's working behind the scenes as well. certainly. she is. she really is. we have an opportunity for the vote to really come out and be a little bit mor

it is also important because of the connection with the middle class and middle america. we are a company that have 32,000 people. we have only in our headquarters, global headquarters, we are less than 70 people. the rest of the people are in small communities, whether it is cedar rapid, iowa, georgia, that's where the people are. we see those communities and inside those communities, inside the country in a small rural america, there are very little competitive advantages left. that's why it is so difficult to get jobs or industries. one of those is culture. the way we are operating today, if i need to sell to egypt and i have the choice to bring the product from kansas city or from ukraine, ukraine has the opportunity to get the refund of the v.a.t. so ukraine gets the credit for that 20% with the u.s. so, to me, if you think about wanting to have a competitive playing field for the farmers in the u.s., and you heard my oral testimony. we have lost market share. we used to be the bread basket of the world. we have lost it in wheat to russia. we have lost it in soybeans

there are many in this room who are in the middle-class, middle-income middle-class, middle-income, a few who could be described as middle-age. [laughter] and, from time to time, in the middle, politically. my husband is the third of six boys. his mom and dad have four boys and she really wanted a girl got pregnant again and have identical twin boys. they all lived in a mobile home in minnesota. one time, they forgot him at a gas station. i have never done that to him. it isn't easy being the middle child. those of us in the middle this time going into 2018 in the middle of this country will not be forgotten. we have a voice and people should listen. because both iowa and minnesota have a strong tradition of grassroots politics. a lot ofso have independent voters and not a lot of people in the country have that. me -- don't believe governor jesse ventura. [laughter] sen. klobuchar: what do we do now moving forward? first, we have to acknowledge the donkey in the middle of the room. that is what happened this fall . it was a tough, tough night. i was at minnesota up parties -- with my

east and stability across the middle east and far beyond.ke history today with the opening of the new global centre for combating extremist ideology, located right here in the centre —— in the central part of the islamic world. this ground—breaking new ce ntre world. this ground—breaking new centre represents a clear declaration that muslim majority countries must take the lead in combating radicalisation. and i want to express our gratitude to king solomon for his strong demonstration, and his absolutely incredible and powerful leadership. i've had the pleasure of welcoming several role of the leaders present today. to the white house. and i look forward to working with all of you. america is a sovereign nation. and our first priority is always the safety and security of our citizens. we are not here to lecture. we are not here to tell other people how to live. what to do. who to be. or how to worship. instead, we are here to offer partnership based on shared interests and values, to secure a better future... audible inaudible olafia kristi

described as middle age. [laughing] >> and yes from time to time in the middle politically. my husband is the third of six boys. his mom and dad have four boys at his mom really wanted a girl, got pregnant again and had identical twin boys. that's a true story. [laughing] they all lived in a mobile home in mankato minnesota and he was the middle child, and he got forgotten a lot in fact, one time, this is true, the actually forgot him at a gas station and they didn't realize it until they were miles away. i've never done that to him, but we all know that it isn't easy being the middle child. what this time those of us in the middle going into this 2018, in these next years come in the middle of this country will not be forgotten. we have a voice, and people should listen. because both iowa and minnesota have a strong tradition of grassroots politics, yes, artie caucuses, yes, but we also have a lot of independent voters, and not all the states in the country have it. if you don't believe me about minnesota i

took the first step to go to the middle east. the premise that they're going to the heart of where muslims are and there's a problematic symbolism with that. saudi arabia wants you to believe that they speak or the all of islam. while most muslims live as i mentioned outside the middle east, and in fact i don't seize saudi arabia's form of islam as the right kind of islam and for americans we cannot determine which is the right sect or the wrong sect of islam but we can say to a country like saudi arabia that you don't have the opportunity to speak for 1.6 billion people and what we did here is we legitimized their viewpoint that they are the ones that are the center of slawms. and i think -- islam. that is going to be an interesting thing to watch as the weeks and months go ahead. amazon farah pandith and gary sick, thank you very much for your analysis. >> stewart: secretary of state rex tillerson is calling today's missile test by north korea" disappointing" and" disturbing." the medium-range missile was launched from the coun

the nations of the middle east will have to decide what kind of future they want for themselves, for their country, and frankly, for their families and their children. it is a choice between two futures, and it is a choice that america cannot make for you. a better future is only possible if your nations drive out the terrorists and drive out the extremists. drive them out. drive them out of your places of worship. drive them out of your communities. drive them out of your holy land. and drive them out of this earth. for our part, america is committed to adjusting our strategies to meet evolving threats and new facts. we will discard those strategies which have not worked and will apply new approaches informed by experience, talent, and judgment. we are adopting a principle of realism, rooted in common values, shared interests, and common sense. our friends will never question our support, and our enemies will never doubt our determination. our partnerships will advance security through stability and not through radical disruption. we will make decisions based on real-world outcomes,

this is a new beginning for american policy in the middle east. united states and sunni allies and israelis and muslim antiterror forces standing as well. for the president called antimuslim and everything else, this is a wonderful moment. maria: we'll take a pause for a moment to let our fox stations join us. this is knock fus fox news covef president trump's overseas trip, i am maria bartiromo in new york. president's second day in saudi arabia, it may be one of the most important of the presidency so far, mr. trump to set a speech on fighting terrorism. white house has released some parts of the speech already, we're told that president will try to paint this as a battle between good and evil, king salman of saudi arabia is now introducing the president. >> also signifies that our arab and muslim countries are gathering today. and whose number is 55, and population exceeds one and a half billion people, our important partners in fighting the forces of extremism and terrorism, and achieving world stability and peace. his excellency has many hope

markets: middle east." ♪ yousef: welcome to "best of bloomberg markets: middle east." the major stories driving the headlines in the region this week. berling to standby air after reported soaring operating losses and its other italian partner going into bankruptcy again. saudi arabia is a play for foreign investors, bringing its markets more in line with international standards. s 2 reforms include a t plu settlement cycle ended first in the region to prevent shortselling. we spoke to the head of the middle east's biggest equity market. have ownership limits of the 49%. we would love to achieve that growth. yousef: the other big theme has been ipos, whispers of more family companies considering ipo's as well. how many ipo's are you looking forward to in 2017 to bring liquidity into the market? >> after launching the second parallel market, we are looking at ideas from two different signs. we are offering two platforms for listing. two have been granted approval by the regulator. we can say that at least 20

middle income and even a few who can be described as middle age. i am not saying -- yes, from time to time in the middle politically. they want to get pregnant again and have twin boys. they all live in minnesota. he was the middle child and he forgotten -- in fact, one time, this is true. they forgotten him at a gas station. they did not realize it. i never have done that to him. we all know it is not easy being the middle child. those of us in the middle in the middle of this country will not be forgotten. we have a voice and people should listen. because both iowa and minnesota have a strong tradition of grass root politics and party caucuses and yes. we have a lot of independent voters and not all the state in the country has that. if you don't believe me about minnesota, i have three words for you. governor, jesse ventura, all right? >> what do we do now as we move forward? >> first, we have to acknowledge the elephant or i will call it the donkey in the middle of the room and that's what happens this fall and it was a tough night. i just like

. -- of arab, muslim, and middle eastern nations. they have borne the brunt of the killings and the worst of the -- the worst of the destruction in this wave of fanatical violence. some estimates hold that 95% of the victims of terrorism are muslim. we now face a humanitarian and security disaster in this region that is spreading across the planet. it is a tragedy of epic proportions. no description of the suffering and depravity can begin to capture its full measure. if you look at what is happening, al qaeda, hezbollah, hamas, and so many others must be counted, not only in the number of dead -- it also must be counted in generations of vanished dreams. the middle east is rich with natural beauty, vibrant culture , and massive amounts of historic treasures. it should increasingly become one of the great global centers of commerce and opportunity. this region should not be a place from which refugees free flee, but to which newcomers flock. saudi arabia is home to the holiest sites in one of the world's great faiths. each year, mill

i will put that to a middle east analyst in a few minutes. the u.s.'former top intelligence official has revealed that he saw contact between russia and people involved in donald trump's you actionon campaign. in front of lawmakers, ex cia director john brennan testified that what he sawaw was " "worthf investigatioion," to determine f collusion to place. he said he had no doubt russia interfered in the election, saying he wanted the russians persrsonally not a medal. but they did so anyway. and to indonesian men convicted by an islamic court for having gay sex have beeeen c caned in t of a crowdwd. the court had s sentenced them o 85 strokes with a cane. the men are the first to be punished in this way since islamic law was introduced in the indonesian province. roger moore has died, the projector was most -- the british actor was most famous for playing james bond in some miminute -- in sen of the y films. ♪ [jameses bond themee music] brent: his movies where some of the most popular in the series. his family said he died in switzerland after a short

businesses from bringing home foreign profits to grow middle class jobs and middle class paychecks. instead, our tax code encourages global u.s. businesses to keep profits abroad, to grow foreign jobs and paychecks. the last check more than $2.5 trillion of u.s. profits were stranded overseas unable to be affordably reinvested back here in america. addressing these two issues is important, and would be good enough to move america back to average, somewhere in the middle of the pack. but tax reform only happens once in a generation. is our vision merely to be average? given all that's at stake for middle-class families, our goal in tax reform to be to vault america from ged dead last among our global competitors back into the lead pack, back among the top three best places on the planet for that next new job, manufacturing plant or research facility. do this, we must take action on a third crucial competitive issue, ending the made in america tax. today, the vast majority of our international competitors apply taxes on competitors that are sold in their country no matter where the pr

it works so much that the upper-middle-class, the middle class, the working class, the working poor and the poor. 70% of all of the income growth enough time to count. 70%, here's the thing when we scratch through the data it is all the way. everybody did better. iit better.it got bigger and evt more heat. we were not perfect by any stretch. the gap shrank by 30% and a 15 year period. so, we were not there by any stretch but we were on the road. and then we had 1980. deregulate, turn them to whatever they want to do, stop enforcing or slow down enforcing the antitrust law. and stuff about taxes. when you cut taxes for those at the top, all of those investments in education and infrastructure and basic research start shrinking up and that is exactly what we did. and here is the deal it goes up both time periods. the gdp keeps coming up, so how did the 90% due from 1980 to 2016 the answer is 90%. everybody outside of the top 10% cost nothing. none of the new income growth, zip. nearly 100% of the new income growth in america from 1980 to 2016 has gone to the top 10% of this country. think

as middle-aged. [laughter] and yes, from time to time, in the middle politically. my husband is the third of a six boys. his mom and dad had four boys and his mom really wanted a girl, got pregnant again and had identical twin boys. that's a true story. they all lived in a mobile home in mankato, minnesota. he was the middle child and he got forgotten a lot. in fact, one time they actually forgot him the gas station. they did not realize it until they were miles away. i have never done that to him. but, we all know it is not easy be in the middle child. this time, those of us in the middle going into the 2018 and the next year's in the middle of this country, we will not be forgotten. we have a voice and people should listen. because, both iowa and minnesota have a strong tradition of grass roots of politics, yes a party caucuses, yes but we also have independent voters. not all of the states and country have that. if you don't believe me about minnesota three words for you, governor jess even to our

the middle east is rich with natural beauty, vibrant culture and historic treasures. it should increasingly become one of the great, global centers of commerce and opportunity. this should not be a place from which refugees free but to which newcomers flock. saudi arabia is home to one of the world's great faiths. each year, millions of muslims come from around the world to saudi arabia to take part in hadge. -- in the saudi arabia. this country is also home to great, modern architecture. egypt is a center of learning thousands of years before other parts of the world. the wonders of giza, luxor and alexandria are proud monument to that ancient heritage. all over the world, people dream of walking through the ruins in jordan of petra. iraq is the cradle of civilization and the land of natural beauty. the united arab emirates has reached incredible height of glass and steel and turned earth and water into spectacular works of art. the entire region is at the center of the key shipping lanes of the suez canal, the red sea, and the straits of homous. the potential of thi

president has become seemingly the middle east.te courageous of him to want to start out like this with having raised expectations quite high. it is clever he is narrowing down the mission to essentially combating extremism and not trying to solve problems. high up there on the list of priorities is the israeli-palestinian problem. he has already indicated he can cut a deal. this will turn out to be a good acquaintance a trip. he will get to know the depth of the problem and their seriousness and it would be good if you make some friends along the way. relations between the previous u.s. administration and the region have been quite cold especially between the two main players. >> to what extent could this help we draw the map that help the middle east? you look at possible new deals with the kingdom of saudi arabia. a fresh page with egypt. could this be a catalyst for a new way to look at politics in the middle east? >> i would not be overly optimistic about a new page being turned. i was commenting on bloomberg television when p

♪ yousef: welcome to "best of bloomberg markets: middle east."'m a yousef the mellow dean. -- yousef gamal el-din. a big week for the middle east with a top-drawer visitor and globally watched election and business deals running today -- into the hundreds of billions of dollars. it was a powerful message for reformers and young voters. that opens the door for iran's relations to the outside world. then, attention swung to saudi arabia and israel as president trump began his first foreign tour since the election. defense and security were at the top of the agenda. then, there was all the buildup for the opec stocks with oil rising on speculation that the production curbs would be extended. but it was business as usual for the rest of the week. jpmorgan and other prominent officials accompanied the presidential to her. he talked about the prospects inside saudi arabia. >> the world is going to double in size in the next 15 years. there are plenty of opportunities and threats. competitors around the world. we have spent a lot of money and technology

the middle east is rich with beauty and- natural historic treasures. it should increasingly become one of the great, global centers for economic opportunity. this should not be a place from which refugees free but to which newcomers flock. home to one of the world's great faiths. millions, from around -- millions come from around the world to saudi arabia. this country is also home to great, modern architecture. egypt is a center of learning thousands of years before other parts of the world. alexandria, and more are all proud monuments to that integer -- ancient heritage. all over the world, people dream of walking through the ruins in jordan. iraq is the cradle of civilization and the land of natural beauty. emirates hasab reached new heights of spectacular works of art. the entire region is at the center of the shipping lanes of the suez canal, the red sea, and omous.raits of h of the population is under the age of 30 years old. like all men and women, they seek great futures to build and a place for their families to call home. this untapped potent

♪ yousef: welcome to the best of bloomberg markets middle east.il swung to its biggest gains this year. we asked him middle east ceo whether going momentum could help further stabilization. the countdown is on to iran's presidential election with the incumbent accused of not doing enough to capitalize on the end of sanctions. we get analysis from a global legal firm. oil, every debbie national company posted its first profit since 2016. we asked how they did it. are very happy with the result after two years of a transformation program that we gained the benefits of $3.6 billion. we have seen the result in the first quarter. we are very happy with the result. the business is much more lean and focused. we should get the benefit of that going into the future. >> we also had discussion of potential asset sales. is that still on the table now that you have returned to profit? >> definitely not, we are very happy with our assets as a long-term holder. s a lot of benefits and assets and holding assets. there is a lot of potential in terms of spending a

for me, i would like to say that when we take the middle east, we cannot bring peace to the middle eastt peace based on justice in the middle east cannot come without us. we should be stakeholders, with politicians, because there are many sensitivities. we do not negotiate, but we can influence and have impact how to bring peace. this is the reason today religious leaders must become part of the solution. brent: you definitely are, bishop. i wish we could talk longer, there is so much to talk about. we certainly appreciate you taking the time to be with us tonight. bishop, thank you very much. guest: thank you for inviting me. thank you. brent: we're going to take a short break. when we come back are going to have more news and the latest business headlines. stick around for that. ♪ ♪ brent: welcome back. our top story, donald trump is in israel where he has become the first sitting u.s. president to visit the western wall in jerusalem. he has also promised israel's prime minister benjamin netanyahu that iran will never have nuclear weapons. the two-day visit is part of his first foreig

you're watching "bloomberg markets: middle east." the heart of the iranian capital tehran. tracey: and i am in dubai. president rouhani promised to reach across iran's social and ideological divide after his campaign was dominated by arguments over increasing inequality. ter 60-year-old cleric won af the nationto steer out of isolation. yusef: i want to go deeper into the conversation around what this administration can really do in the next few years and ultimately the confines of the islamic republic and the supreme leader play role in that. perspective, he advises a lot of foreign companies, thanks for coming on the program. give us a sense of how realistic or give us some context as to how much we can expect from this administration? ini think president rouhani his second term is going to be much bolder in terms of economic reforms. the expectation of the people has been mountain that has been mounting, especially the poor, and it is going to put a lot of ,mphasis on creating jobs focusing on health care, environment, issues and

the outlook for middle east stocks.what one of the region's top equity teams have to say about saudi arabia potential. that is next. this is bloomberg. ♪ yousef: you're watching "bloomberg markets: middle east" live from dubai. tracey: we promised you more on middle east equities, who better to discuss than our equities the equity well as permits -- herfg mez. a company that we are watching ezdan.s qatar's it's a shares fell 10%. explain what is going on. >> we saw the shares dropping 10% and that is a reaction to the decision to start the procedure to take the company private again. it is interesting because we are talking about a stock that has thesecond-biggest wage in index. a lot of people are asking what is going to happen with those index, what is going to be the rebalancing? we should see some inflows into other names within the stock exchange. we have been told that there could be passive outflows out of million.$415 it is quite a lot of money going somewhere else. arbitration finally being wound down and comin

for the jaws into the middle class and certainly the recipe for a. it's not enough to help all americans throughout the world and you pick a key role there. we have nearly $20 trillion in debt and you are using extraordinary measures until congress addresses the debt limit later this year. the budget cuts and deficit by over $5 trillion that still means an increase in growing the national debt of $4 trillion more a. of even the need to improve the solvency of these critical programs and i know we share a as the managing trustee, shouldn't we be working to make sure that our children and grandchildren can count on these important programs like seniors and individuals with disabilities do today. the focus on the national debt as well as the social security and medicare first let me comment on the debt. we are very concerned that it's gone from 10 trillion to 20 trillion over the last eight years. as i said in my opening remarks the difference between 2% and 3% sustained gdp rate i would like to emphasize that this committee and the rest of congress i u

also, i want to say that all of those activities that we see, in there all finance middle east. saudi arabia, egypt, united arab emirates. you look at the history of the iranian people and the than 1008lture, more arrangements received phd -- 1000 iranians received phd's in this country. >> the caller raised an important issue. the united states is doubling down on saudi arabia and taking the saudi's side in privately. a lot of people even in the foreign policy establishes -- establishment believe that the u.s. does not have a dog in a fight. the color points to something very important. the vast majority of international terrorism that we are seeing right now, particular is funded byrorism id logs coming out of saudi arabia. the core of isis is saudi fighters. the previous administration made it public that the seed money that went to create isis came out of saudi arabia. trumpays after president came out, we had another isis fighter blow himself up in manchester killing scores of young people who were there dancing. all of this is happening. if you take a look at the state dep

♪ >> welcome to "best of bloomberg markets: middle east." big week for the middle east with a top-drawer visitor and globally watched election and --iness deals running today into the hundreds of billions of dollars. it was a powerful message for reformers and young voters. to saudi arabia and israel as president trump urgan his first foreign to since the election. then there was all the buildup for the opec stocks with oil rising on speculation that the production curbs would be extended. other prominent officials accompanied president trump. >> the world is going to double in size in the next 15 years. there are plenty of opportunities and threats. spent a lot of money and technology. we operate around the world. we help companies grow around the world. we are pretty comfortable in our future. francine: can you break down the units where you want to defend and where you want to grow? >> i want to grow everywhere. it is going to be harder in some areas because of our market share. investment banking in certain areas may be harder to gain sh

lasting peace in the middle east. to the markets which suddenly turned a ho-hum trading session into a bull run after the administration rolled out $4.1 trillion budget, the behemoth budget, cuts trillions from the spending curve and balances in ten years, but some on both sides of the aisle who haven't gotten all the way through it are already calling it unrealistic. >>> major indices were languishing to the downside and started to pick up steam possibly giving investors a fourth straight day of gains. oil is a propellant after the administration said it's time to start selling off the spro, the strategic petroleum reserve. what the democrats need to see both in and out of the president's budget before they'll start negotiating? >>> former israeli ambassador to the united states danny ayalon on whether president trump's two days in israel have moved the needle on middle east peace? >>> and former national security adviser john hannah why the next time you go to a concert or airport, you may have to have your bag chec

it's usually not the guy in the middle.ly the people on the other ends and they cannot and will not get along or come up with a solution. but maybe the art of the deal can be found here in jerusalem. >> shannon: it's clearly the ultimate challenge for him. they're calling it the ultimate deal what he would love to see happen during his presidency for the sake of this region and for all around the world. the impact it would have if those two entities could find peace. >> rick: it would be remarkable. >> shannon: it would be. a lot of people think nearly impossible. it is not about the negotiator, it is about the two leaders on opposite ends who have to sit down and be convinced, as karl rove was saying, that it's in their best interest to find a solution and move forward. as we've noted all morning the president has been unwavering in his support of israel. a lot of folks on that end and in that country and certainly the prime minister have welcomed that and said it has been a welcome change. they've celebrated it and celebr

i think that the middle east is now a believer. the president was very clear, iran is the enemy, and iran, of course, the historic enemy of saudi arabia. have we taken sides, congressman? >> you know, in 1979, sides were taken, we're only now owning up to it. the reality is that the extremist direction of wahhabiism and the growth of al qaeda and isis had much to do with the shia and sunni responding. the reality is unchecked since 1979 is part of the reason we're here, and that's what we've got to realize is, that islam will heal itself when islamic leaders part of the process. that's what the president went halfway around the world for. that's what he delivered in a very powerful speech welcoming the muslim nations and i think the rest of the world to join us in a different fight, a fight for the ideas, when he says drive them out. he's not saying drive the people out. he's saying drive these ideas out that have tainted our countries. judge jeanine: congressman darrell issa, thanks for being with us this evening. >> thank you, ju

caller: i understand the middle .ast libya financing mosque in school all over the world.addafi before he died, he did the same thing. america has to debate this issue. don't forget, all muslim radical , you have to separate the religion from the state. you have freedom for the people who live in the middle east [indiscernible] it is the christian and other minorities. america used c-span. yet to debate this issue. host: as far as the connection -- do you think this is connected to what happened in manchester? caller: that is correct. saudi arabia is financing it. they sold the oil to the west and financing the mosque and schools. shame. muslims, it is a is talk, no action. i feel very sad that i voted for him, because he should have changed. host: that is florida. the "the wall street journal" gives history on events that took place in your. jamie seventh 2015 in france, masked men stormed the office of the magazine office charlie hebdo. also in france, history of corn it is a tax soccer stadium left 130 dead. march 20 second, 2016, belgium, suicide bombers strike at a ma

bloomberg markets: middle east."yousef gamal el-din. saudi arabia wants foreign capital and has taken steps into one of the most conservative financial markets and this week marks two years since the decision to allow money managers to trade saudi shares directly. we spoke with jp morgan meta ceo sjoerd leenart. ipo's in excited about the broader region. there are quite a few drivers. we have the government agenda of trying to privatize companies and create a private sector. that is a key driver. and that will go over 2018 and 2019. and private companies, they will need to take advantage of an increase in investor demands coming in the next three years, driven by development and changes in the market, and the stock exchange and accessibility of the market. yousef: how big overall -- how big of a real are you playing? gulliver confirmed that they have the aramco ipo, will you do the same? >> we do not talk about the deals until they are out in public, but we have been here for 80 years and we have helped key instituti

we're going all in on growing middle class jobs and growing middle class paychecks. let's begin with a bipartisan issue. for years here in this room and back at home we've heard from our businesses large and small about the importance of investing back into their workers and into their future. that's what led us, republicans, democrats, together to support issues like what we call bonus deappreciation and section 179 small business expensing. all about rewarding businesses for investing in building, equipment, software and technology. but we want to go bold per. the house blueprint calls for a shift from an onerous business tax to a simpler tax flow system. and at the heart of that we would provide for a fuel and immediate write-off of all of this new business investment. and that investment, by the way, not only is the key to middle class and main street job growth, it's key to making our workers more productive. that's what drives wages, that's what drives america to the lead pack in having the strongest economy on this planet. so i want to start with our witnesses

middle east policy in the george w. bush administration and is now at the council on foreign relations. in other words, we've got a lot of brain power and a lot of experience in the middle east to discuss the president's speech. robin, i want to begin with you. the speech, and we have some excerpts now, speak of something of a different message than we've heard from donald trump before on islam. certainly not saying islam hates america. how is that kind of message likely to be received in saudi arabia today? is it a credible message? >> well, it will depend a lot on what happens after president trump leaves the middle east. does he stick to the kind of language he's using in the kingdom that tries to reach out to the islamic world, tries to heal divisions, tries to create a new coalition with which the united states can engage on its big foreign policy challenges dealing with isis, dealing with iran, helping promote the arab/israeli peace process. but it is clear that this language is a 180-degree flop, flip-flop from w

a lower middle class family. that was the existence of almost everyone i knew. we're trying to make sure that that can be the existence again for every single person. while wages have been largely flat as comet's come back, we've just recently had a little bit of bump in the last year or so of the obama presidency. we need to do more for those families. let me go back to this document. with all this spending, people may wonder what happens to the national debt. but the people's budget reduces the debt as a percentage of the gross domestic product. in addition to the savings and the carbon pricing mentioned above, the budget raises trillions while making the tax system more fair. is budget actually reduces overall debt by $4 trillion between now and 2027. you down the see -- you don't see that out of almost every other budget proposaled. yet our budget, while investing in america and americans, we also help to turn back that crushing debt that this country has so often had and that we need to address. let me just finish with reading a little more of this document