oil expert -- nan ryan: you get a change of tack from the saudis.t you're saying about the saudis being reluctant to allow availanians to sort of themselves of this treasure trove that they have not been able to export to markets is very true. i was at the opec eating. in fact that was one of the reasons cited by the secretary-general for not having a production target at this meeting, which was almost unprecedented because they said we have to wait to see what happens with the iranians, which is another way of saying we do not want the saudis, the most dominant member of the group, do not want to give the iranians th e room they need to increase production. francine: thank you very much. stay with us. we will talk about emerging markets next. up next, we also have an interview with south africa's third finance minister in five days as emerging markets rebound after hitting a six-year low. ♪ francine: welcome back to "the pulse." let's get straight to the first word news. -and: french drugmaker - their anger hingle line are in talks to swap assets w

this is paul ryan's first big test and he got a failing grade. not a good start. nan you are shaking your head again. is this a harbinger of old bad things coming back to the house of representatives under speaker ryan? >> on fiscal issues, the house freedom caucus is exactly right. >> what? >> they are exactly right. but they're not going to get what they want right now. and the problem we have is that as has been the case for years, we can't have a circular firing squad among the folks trying to represent the conservative -- fiscal conservative agenda as best they can. >> i'd rather deal with this from an economicic erspective. if you look at sequestration. the fact we're getting back to a better balanced budget at a time when the federal reserve just this last week raised interest rates for the first time in a decade and fed policy will be slightly less friendly than it's been over the last six years you need some relief on the fiscal front. this is not a time you want to be passing austerity and have the fed normalizing interest rate policy. you need some offset t

possible to explain to them no, no, no paul ryan, the speaker of the house of representatives today said this is very bad, would absolutely never happen, and paul rye nanis guy you've never heard of is way more important and powerful than donald trump will ever be. >> people actually follow the news closely. there's a furor going on in media over there, glie baloball that matter. when donald trump says these things, it makes it harder for people who represent the united states, both government and informal there, a lot of us americans who go abroad and answer these questions, as you find yourself in that situation, and donald trump, like, would have to explain to them the basics and the fundamentals of the american system, that what donald trump said is a virtual impossibility because of the foundation of this republic. the constitution is very clear about it. as a matter of fact, this could be turned into a positive because that's how you best explain tangibly to someone who's not an american and dunts understand how this country works that we have ironclad protections in our constitution, it was founded to avoid the kind of things that donald trump i