♪ >> president putin and mohammad bin salman meet before the next opec meeting. the trump effect.rade skirmishes rattle every market, and the president adds volatility to the commodity world. and it's getting hot in here. the drought rattles though market in the u.s. ♪ alix: i'm alix steel. this is "commodities edge." 30 minutes focused on the companies, physical aspects, and the trading behind commodities. we kick it off with spot on. joining me now is francisco blanche at bank of america merrill lynch, good to see you. spotlight, russian president vladimir putin and mohammad bin salman meet on the sidelines of the world cup, russia had no problem on the field with a big blowout and on the oil front it was the saudi's that made the headlines. they say and output increase is inevitable. "i think it will be a reasonable and moderate agreement but nothing outlandish. what does that mean? >> we will find out the details next weekend in vienna. the action is clearly happening in moscow and it probably kicked off a couple weeks ago. discussions have been going on for some time and it i

and ing women drivers as a mohammad bin salman p.r.t to get western attention and investment, ys london school economics professor madawi al-rasheed. h needs western capital and western expertise. and therefore, putting a soft, beautiful face behind the wheel may just do it for him. >> reporter: last month, many of the very women whose activism made the change possible were arrested and accused of undermining saudi security, part of a larger crackdown on mohammad bin salman's critics.li >> poets, jours, intellectuals, lawyers, professionals, almost-- even hio owins and his own relatives. they had a taste of his. repressi >> reporter: and what's not changing this weekend: saudi women still need a male guardian's permission to td,vel, get marrven open a bank account. this society is still restrictive and still has no representativeo overnment. >>ink that saudi arabia is going to be reformed without political change is acally a myth. it's actually not going to happen. women's rightsre part and parcel of a bundle of rights, and these right

he is the manager of saudi's, -- he is an advisor to mohammad bin salman.will talk women, privatization and maybe even a little bit of qatar. let us go to juliette saly, with the first word news. >> manus, thank you. the u.s. would like north korea to commit to a timetable on denuclearization before he meets with the president next week. u.s. officials say the president has been advised not to offer him any concessions. said thatals also trump is determined to walk out of the meeting if it does not go well. alternatively, he is working with the idea of offering kim jong-un a visit to the mar-a-lago resort if they hit it off. lawmakers anticipate holding a pivol uson at their meeting next week, which could conclude on a public announcement on wedding intended to seize -- when they intend to seize asset purchases. mario draghi's governing council is likely to use the gathering as an opportunity to debate winding down bond buying. that is currently intended to run until september. and ecb spokesman declined to comment. italy's new prime minister has alleged in

look at that vladimir putin on the right, and the head of fifa in the middle, on the left, mohammad bin salmanussia destroyed saudi arabia 5-0. but this is an interesting partnership in oil, too, is it not? the saudis and russianing are co russians are really close. do you think they talked oil a that game yesterday? >> i think so. the russians in 2016 said we will not join opec officially, but we'll join you in a cut. now you could say russia is leading opec you have a whole host of trade deals signed between saudi arabia and russia. and they seem to be discussing a host of security and economic and a host of issues >> what do you think they said to each other about oil? >> i think they said that they will continue to cooperate so even when the official 1.8 million barrel cut expires, they will cooperate in the market they will manage this market >> there's a lot of big story lines next week for opec you will be there. >> yes, it's my super bowl >> is it iran versus everyone else >> iran has venezuela and iraq >> iran and iraq are partnered up with oil? >> in terms of their position that ther

crown prince mohammad bin salman started this, and it's a step forward for more rights for women.s the first set, but there are lots of things women still can't do. just outlined some of the things women can't do in saudi arabia. i agree with you, there is a list of demands after driving. women can now drive, but they can't travel without a male guardian. they can't divorce, they need the protection from domestic abuse. they can't leave a prison without a male guardian. these are very important things. for women educated abroad like myself, i would like to see women in leadership positions, women who can influence decision—making. i think saudi arabia has also started this, but very slowly. a few months ago we had a princess that was the first saudi woman to head a sports federation. we would like to see more women in leadership positions. women in positions of power. do you think this decision to allow women to drive could be the start? think this decision to allow women to drive could be the sternm think this decision to allow women to drive could be the start? it is. freedom of

. ♪ >> president putin and mohammad bin salman meet before the next opec meeting. the trump effect.hes rattle every market, and the president adds volatility to the commodity world. and it's getting hot in here. the drought rattles though market in the u.s. ♪ alix: i'm alix steel. this is "commodities edge."

especially the crown prince, mohammad bin salman, whose image is hard to miss here. he is a self-styled reformer, but critics say hidden from view, there is a darker picture. leading campaigners like oneer seen he daring to break theg drivn are now behind bars, not behind the wheel. they were rounded up last month. >> this should have been a moment of celebration. instead, it is a bittersheet moment forctivists who have been fighting for this for three decades now. they are behind bars, silenced or forced into self-exile. orla: but many saudi women are focused on n freedoms, and someone new wheels that for some heels. ne ow when car shopping in the past, she only check out the backseat. >> every time i bought a car, i had a tear in my eyes like i'm not going to be thiving this, it is the driver who have the first step on it. that used to break my heart.ca e it is my money, it is my car. i want to be the first one to drive it from the showroom and back to the house.pe that never hd. erd now it is happening. orla: the changeis not cosmetic. it is aimed at getting more

it is one of a number of modernizing reforms by crown prince mohammad bin salman. before the film starts, the audience watches a message on his changes. another allowing women to drive comes into force in less than a week. a woman was recently given a driving license for the first time. but there are are still limits d what women can this footage shows campaigners flouting the ban in protest, and there are accusations that the crackdown on a activist wi number of fish with a numberac - own on activists with the number detained in recent weeksd women still neermission from a male guardian to travel access health care. put another way, you can have more fun, but don't criticize. -- don'criticize the system. laura: will the u.s. return to the moon or even send troops there? president trump once a sixth branch of the u.s. military, e space force. a short time ago i spoke to the center fort for t strategic and international studies. how groundbreaking will it be for america to have its own space force? >> we have of the military only one time f before, at the endrld war

the man on the left, crown prince mohammad bin salman, was behind the decision to lift the driving banened after a ban which lasted three decades. and back in september, women were allowed into a sports stadium, previouslyjust for men, to watch a concert for the first time. the reforms are part of the royal family's plans to modernise saudi arabia and improve its reputation. as the royal family is being celebrated for bringing about this change, pressure will grow on them to acknowledge those who campaigned and are now faced with draconian sentences. the case of michael rotondo struck a chord with many recently — you may remember he was the 30—year—old american who was literally evicted by his parents after refusing to move out and find a job. while many of us laughed or rolled our eyes at the affair, one fellow new yorker began getting some interesting calls — that's because he shares the same name, is the same age, and, you guessed it, lives with his parents, but he swears they're fine with it. as i woke up, somebody sends me a link to a bbc article saying, "ha ha, this is funny! ——

it's all part of a modernisation drive led by the crown prince, mohammad bin salman. or even leave prison without the permission of a male relative. and those who demand too much change are still being punished. 0nly last month, more than a dozen prominent women's activists were arrested for demanding greater rights. donna larson, bbc news. a 15—year—old boy has been stabbed to death in a fight at a community centre in east london. three teenage boys have been arrested on suspicion of murder. police said they were called to the centre in romford just after nine o'clock last night after fighting broke out when around a hundred people were leaving a birthday party. it's emerged that some sewage companies in the uk are regularly dumping untreated human waste into the country's rivers. an investigation by the bbc‘s countryfile programme has found that 25 thousand storm drains — designed only to be used during heavy rain — are frequently overflowing, mixing rainwater with raw sewage. the environment agency says water companies are committed to tackling the problem but camp

it's all part of a modernisation drive led by the crown prince, mohammad bin salman.without the permission of a male relative. and those who demand too much change are still being punished. 0nly last month, more than a dozen prominent women's activists were arrested for demanding greater rights. donna larsen, bbc news. a 15—year—old boy has been stabbed to death in a fight at a community centre in east london. three teenage boys have been arrested on suspicion of murder. police said they were called to the centre in romford just after 9 o'clock last night after fighting broke out when around 100 people were leaving a birthday party. one of britain's main railway lines is back under state control this morning. the east coast line was returned to public ownership after the government ended the stagecoach and virgin franchise. it will now be known as the london north eastern railway, a name last used in the 1940s. the department for transport will run the service until at least 2020. eu leaders are meeting in brussels for emergency talks on migration. 16 of the bloc‘s 28

the ban on women driving has been lifted by the crown prince, mohammad bin salman.months — cinemas have opened for the first time in more than 30 years, and women can now go to sporting events. many women we've spoken to here tell us that this is a moment of freedom, that they will now be able to do things for themselves. they feel that other changes will follow. the process of change here is very tightly controlled, it's directed from the top, and it's the authorities who set the pace. some of the women who campaigned hardest for the lifting of this driving ban — the key activists — several of them were arrested in may, they are facing serious charges, and human rights campaigners say that while women will now be allowed to drive, the climate for human rights is still stifling. instead of being behind the wheel, key activists are behind bars. creditors have backed plans by the department store chain house of fraser to close more than half its stores, as part of a rescue deal. high street landlords were unhappy with the plan, because they will have to shoulder the b

it's all part of a modernisation drive led by the crown prince, mohammad bin salman.sing, saudi women are still not free to travel, marry, divorce, or even leave prison without the permission of a male relative. and those who demand too much change are still being punished. 0nly last month, more than a dozen prominent women's activists were arrested for demanding greater rights. donna larson, bbc news. the leaders of 17 european union member states will meet in brussels later to discuss how to tackle the arrival of african and middle—eastern migrants from across the mediterranean. numbers have fallen since the crisis began in 2015, but italy and malta have banned charity rescue boats from coming to their ports demonstrating a rise in tensions. 0ur political correspondent kevin connolly is in brussels. what do we expect to come out of today's meetings? that is a good question. earlier in the week we had circulated a document as you often do perhaps absurdly in the european political process, draft conclusions ofa political process, draft conclusions of a meeting which

its editor describes the cover as: the man on the left, the crown prince mohammad bin salman, was behindeatres were recently reopened after a ban which lasted three decades. and back in september, women were allowed into a sports stadium, previouslyjust for men, to watch a concert for the first time. the reforms are part of the royal family's plans to modernise saudi arabia and improve its reputation. as the royal family is being celebrated for bringing about this change, pressure will grow on them to acknowledge those who campaigned and are now faced with draconian sentences. now the excitement for the football world cup in russia has built up so much it has reached into space. these russian cosmonauts are testing out the official world cup match ball onboard the international space station. adding a more acrobatic edge to the beautiful game, anton shkaplerov and oleg artemyev showcased some of the possibilities for zero gravity football. unfortunately, they won't be able to make it home for the opening match against saudi arabia. england play nigeria on saturday, and of course nigeria

it's all part of a modernisation drive led by the crown prince, mohammad bin salman.n are still not free to travel, marry, divorce, or even leave prison without the permission of a male relative. and those who demand too much change are still being punished. 0nly last month, more than a dozen prominent women's activists were arrested for demanding greater rights. donna larson, bbc news. earlier i spoke to najah al—0taibi, a senior analyst at the arabia foundation, which is a washington—based think tank focusing on the middle east. as a saudi woman herself, she told me how happy she is to see the ban on female drivers lifted. it's fantastic and it is a great step for saudi arabia to prove that it is committed to improving women's rights. the ban on women driving has a lwa ys rights. the ban on women driving has always been the reason why saudi arabia has an image deficit everywhere. it has undermined every step that the government has undertaken to support women, every progressive step that has been taken in the favour of women has been undermined by the ban on driving

the markets are more focused on the meeting between president putin and crown prince mohammad bin salman here to talk stopper -- soccer. economically, how do they staff ---- stack of the wor stack of the two nations? of course, russia's population is more than four times that of the saudi's. oil, they are neck and neck if you look at the data for may. russia the past few years have been producing a lot more, but the saudi's are reducing output much more than moscow has been. they are saying they want to lead by example following that historic deal, but this is how they stack up economically, not so much in football right now. and we have had an entree, a precursor because both sides have oil ministers that have been dropping a few hints. >> and that is the big takeaway today, saying it is inevitable that they will raise production at the next opec meeting. it is incredible how this is tying out. and this meeting between -- and prudent is pretty critical because they want to raise production now, because the meeting was done before that 2016 deal. .t was done via them the bosses have not

mohammad bin salman the ruler of saudi arabia and vladimir putin sitting together watching the opening game of saudi arabia and russia alexander novak was also there along with the head of saudi arabia's oil ministry. they were there. the negotiations began really last week. their whole goal is to get everybody in this building on board. iraq, iran, and venezuela are opposed to a production output increase because they want prices to stay higher. we know why. they need the cash flow. >> brian, i know there are a lot of ceos where you are now. we always focus on the oil ministers, the government officials themselves, but what's the feel outside of things, what is the tone people feel about oil given the dynamic with opec, russia, the u.s. >> i think it's one of cautious interest, dom. the united states has become the price taker, not the price maker. we have become the swing producer, sheffield told us he thought the u.s. would hit 11 million barrels a day by the end of this year that's something that has never happened before. opec was all powerful, fair to say, about 20 years ago. the

the ban on women driving has been lifted by the crown prince, mohammad bin salman.ather special guest appearance coming up with simon on afternoon live. hello, hello, hello, hello. i‘m basil—cam brush and i were to look at the papers and are becoming up later today to talk about my career. 50 yea rs later today to talk about my career. 50 years in show business! boom boom! you can see his full interview with simon herejust boom! you can see his full interview with simon here just after 2:30pm. ina in a moment the news at one but let‘s ta ke in a moment the news at one but let‘s take a look at the weekend weather. there will be plenty more scenes like this one as we head through the next few days. the weather is set fair, barely any rain in the forecast and temperatures will climb. i‘ve chosen birmingham just as an example. it shows as we get into next week temperatures will get up into next week temperatures will get up into the high 20s, perhaps 30 degrees. all the while, the knights will not be particularly warned. not as chilly as they have been recently, but int

mohammad bin salman. and that's quite a thing.was discussed between the emiraty ambassador and tom barrick as a prelewd to bringing mbs as he is known together with the candidate. and it's a -- it's a rather advanced effort to try to hp the campaign with saudi arabia, and specifically with mbs as a time he wasn't yet the successor to the , still making his move within saudi yash arabia to put himself in that position. although it sounds like the meeting didn't come off they got as far as paul manafort saying let's do it friday, at your hotel, avoid the press. and in the aftermath even though the meeting itself didn't happen, the work that tom barrick did to try to sell the campaign on the saudis and sell the saudis on the campaign had some benefits. we saw them changing their republican party platform in a way helping the saudis. and we saw manafort communicating through -- through tom barrick to the arabs to say look we are moderating this policy on a muslim band. don't worry it's not as bad as it teams. >> david kirkpatrick inte

the conversation with this gentleman , he is the man, he is the advisor to the royalourt for mohammad bin salman and is the chairman of the sports authority in the kingdom and that's critically important because we are going to the world cup. but if you have to say about women in sports? the numbers are interesting of the sentiment is there. of course we talk about qatar. stories aplenty. you will be sharing thoughts and asking a few questions. we look for a disparate range of incredibly interesting subjects. from the banking sector to global sports. let's get a first world news update for you. the u.s. campaign to economically isolate north korea will continue even as preparations advance for president donald trump summit with kim jong-un. the white house has said at times that trumps first meeting kim be with can catch with at 9:00 a.m.. sarah huckabee sanders has said there has been no change in the maximum pressure campaign on the north korean regime. -- u.s. senate majority whip says nafta has missed a key deadline and congress one of time to approve a deal this year. legislators would need

russian president vladimir putin watched the match in a vip booth with the saudi crown prince, mohammad bin salman, who's military is currently executing a u.s.-backed assault on yemen's port city of hodeidah. as the world cut got underway, police led veteteran b british t rights campaigner peter tatchell away in handcuffs after he held a sign outside the kremlin reading -- "putin fails to act against chechnya torture of gay people." human rights groups say authorities in the russian-controlled republic of chechnya rounded up more than 100 gay men in grozny last year, detained them without charges and tortured them in what many gay called a gray -- pogrom. argentina's lower house of congress has approved a bill that would decriminalize abortions during the first 14 weeks of a pregnancy. news of the bill's passage sent a cheer through hundreds of pro-choice demonstrators who rallied ououtside the national congress building in buenos aires during thursday's vote. president mauricio macri has promised to sign the legislation if it's passed by the argentine senate. back in the united states, book publ

it's all part of a modernisation drive led by the crown prince, mohammad bin salman.ome restrictions are easing, saudi women are still not free to travel, marry, divorce, or even leave prison without the permission of a male relative. and those who demand too much change are still being punished. 0nly last month, more than a dozen prominent women's activists were arrested for demanding greater rights. donna larson, bbc news. a group of pro—brexit politicians and business figures have urged the prime minister to speed up preparations to leave the eu without a deal. former cabinet ministers are among those to have signed a letter saying the uk must show it is ready to walk away in order to have real leverage. tens of thousands of people marched in central london yesterday to demand a final vote on any exit deal. a 15—year—old boy has been stabbed to death following a party in east london. metropolitan police were called to a community centre in romford at around 9 o'clock last night. three teenagers have been arrested on suspicion of murder. there have been more than 70

vladimir putin and prince mohammad bin salman are using the world cup as a backdrop to discuss the opecsting optimism that a deal would be reached. dealid we could come to a that will satisfy the markets, but nothing outlandish. anding us is regina mayor marco o'connor -- and mark okada is still with us. ok, so the prime minister saying we will raise more, but the question is, by how much? >> who would think that the start of the world cup would create such drama in the oil markets? they will raise production, but the question is by how much? my thought is probably one million barrels a day. but they are you a -- but they are at a crucial tipping point where demand construction could take place. they need to balance things. they realize opec is once again relevant in the oil market, so they will want to play this very carefully. alix: one million barrels of oil a day seems like a concession to russia. you can see total opec production versus russia production. russia that wants to increase production in the next three months. they are pushing more for the one billion barrels of oil a da

russia's vladimir putin and mohammad bin salman will discuss how to boost oil production while their in the world cup. the world's largest oil exporter's are trying to work a deal on output. russia wants a larger increase than the saudi's. a key ally of scott pruitt might have to resign. prewitt is under the gun for a number of ethical lapses. he latest was he used an for hishelp find a job wife. some terrifying moments over the pacific for passengers aboard a qantas airbus. it ran into turbulence and plunged for 10 seconds. one passenger called it a nosedive. the airplanes had been separated by 20 miles and 1000 feet in altitude. global news 24 hours a day on air and on tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. i am taylor riggs. this is bloomberg. tom: thanks so much. with this is robert. joining us now is michael zezas of morgan stanley. america, hee of folds it into a public policy in washington. good to have you here for a briefing on what the president has wrought. mathematically rebound out of the midwest across the nation