and to end this week, i'm going back two million years in time, here in oman.cently reopened to tourists. i'm taking a two—hour drive from the capital, muscat, to jabal shams, oman's most iconic mountain and home to the world—famous al hoota caves. they're a five—kilometre—long series of caverns and passages, formed over a million years before the first humans appeared on earth. once you arrive at the foot of the mountain, you take a short tram ride through the blistering mid—day heat and into the mouth of the cave system. so, this stunning entrance is the opening to the al hoota caves. it's 2—3 million years old. it's just so beautiful, and i'm in search of the famous blind pink fish, which you can only find here. the fish have survived undisturbed here, beneath the earth in total darkness, until one day about 100 years ago, when the caves were discovered, totally by accident. discovered by a goat shepherd, when his goat fell down from the vent, and come down here. that time, he comes here and discovers the cave. that's an incredible story. his goat fell throu

and addy sees how far he can get exploring a massive cave network in oman. there's flights and flights of stairs, even i'm not going to attempt to go up them. it would probably easier to get to heaven than to get up that lot. that's on the show next week, but for now, for me, carmen roberts, and the rest of the travel show team here in russia, it's goodbye. it's a quieter day for most of us today. there will be a scattering of showers around, but hopefully some sunshine to go with it as well. some north sea coast showers could be wintry. this north—westerly breeze has also been driving showers in across the irish sea this morning. this band of rain pushed from the

and addy sees how far he can get exploring a massive cave network in oman. there's flights and flights of stairs, even i'm not going to attempt to go up them. it would probably easier to get up to heaven than to get up that lot. that's on the show next week, but for now, for me, carmen roberts, and the rest of the travel show team here in russia, it's goodbye. hello there. it looks as if the cold weather will continue into the weekend. some have had snow, quite significant snow, as you can see from oui’ weather watcher here in lanarkshire. of course, there have been other concerns through the day on friday and through the night, this sent in from whitley bay earlier.

and addy sees how far he can get exploring a massive cave network in oman. there's flights and flights of stairs, even i'm not going to attempt to go up them. it would probably easier to get to heaven than to get up that lot. that's on the show next week, but for now, for me, carmen roberts, and the rest of the travel show team here in russia, it's goodbye. for many others today represents the last of the cold days. it will be milderfor last of the cold days. it will be milder for the last of the cold days. it will be milderfor the second last of the cold days. it will be milder for the second half of the weekend but before we get to that milder weather we still have time to enjoy the snow cover in scotland. this was one of the weather water —— weather watcher pictures sent in during the snow around stirling. we have seen a number of showers, you can series on the radar picture.

this week i will travel millions of years back in time underground in oman.skyscrapers to the food, is gigantic. but what most people don't know is that, if you're lucky, you might also be able to spot some of the biggest creatures on earth. joe worley has taken to the waters there to find out more. this is rockaway bay, it's a 40 minute cab ride from times square and one of thejumping off points for reaching the waters of the new york bite. speeding through the bay gives you a great view of the city's skyline. but i'm interested in what's under the water — whales. in the past five years, there's been a surge in the number seen near the city. it's thought they've come here because the water quality has improved, which means there's more bait. but catching a glimpse of one can be tricky. seven different species have been spotted in these waters around new york, including the enormous blue whale. they say that today we're most likely to see a humpback whale. fingers crossed. this is the exact spot where we left the whale yesterday... artie is part of a network

we have seen some indications, oman considering selling more international bonds.bia saying it will tap the local debt market, and is considering going to international investors again. the big wild card is what happens with u.s. interest rates , the federal reserve, the dollar, whether tightening of financial conditions starts to knock appetite for emerging-market debt. that said, even though emerging-market assets have not been the favored securities as gulfter 2017, that said, debt could be the best of a bad bunch. we have seen the pickup and oil prices. that should feed into sentiment. f bond look at gul spreads, they continue to compress, which means demand is still out there. shery: thank you so much. tracy alloway reporting from abu dhabi. let's head over to india, the country now expects growth to slow to a three-year low in the 12 months through march, expanding at 7.1%, down from 7.7% may be the crackdown on notes.nomination rupee do we know the impact of the cash ban on the economy? >> know, we don't. that is the problem. the latest data for the full , a

sophie: later in the show, oman trying to plug a budget deficit caused by low oil prices.ishaad: we will have more on the plan ahead. we talk aboutrst, the top risks facing investors this year. we will break it down for you. stay tuned for that conversation. this is bloomberg. ♪ yousef: welcome back to "blommberg markets: middle east" . i am yousef gamal el-din. i am rishaad salaam is in hong kong. here is david. at thehave a look markets now, india down .25%. the volumes are very light. i would not put too much into these to kleins. declines.ese inhave been getting a boost the pmi data out of china. some gold producers on the back of that rally that finished strong into 2016, now cold coming off slightly. the other markets story, data out of china, services, manufacturing, the government, the official read, the private read, again, pointing to the fact that we are stable now. , talk abouteeper the buildup and cheap credit, that's another issue altogether, but the economy does seem to have stabilized for the moment. they are trying to pinpoint our give us a clue of what th

oman in kuwait following through with production cuts. and not absolute treasury yields. if you look at the chart of , you can see that is where we started last i year. the blue line is the yield and that is a percentage points above. not quite as high, but still a percentage point higher than where it is now in february. that picture at the start of last year is looking a lot riskier than this one right now as far as the yield spreads go . the higher all yields go up with treasuries, it will be a sense of concern. right now everyone is sort of willing to ignore those risks for the time being. at thathen you look spread, that is largely credit worthiness. if you get inflation up, these companies will have more money coming in. at the same time, if the fed keeps the rate basically low, we're going to be ok with paying our bills. joe: looking at that chart that of the year the end 2016 was so different from the start of the year in terms of what was on people's minds, what .he risks were perceived donald trump at the beginning of 2016 is so

but for now, from me, ade adepitan, and all the travel show team here in oman, it is goodbye.pping. it has been down to minus seven degrees at least in one or two areas, and scenes like this for some of us on sunday morning. fog around, but the real fog problems will not arrive until monday and tuesday. there could be major fog around. in the short term, it is frosty across much of england. now, remember these are the city centre temperatures. in rural areas it will be some five degrees lower than that. but western areas, there, just that little bit milder. and whilst we are shivering in the morning, in melbourne for the tennis it will be hot and sunny. temperatures there, not a cloud in the sky, getting up to around 29 degrees. anyway, back to our cold weather. it will not be so frosty in the westernmost extremities of the uk. so newquay, maybe five degrees, but the central and southern england all the way up to yorkshire, parts of the north—west as well, they will be freezing or below. some frost in parts of scotland. possibly icy patches, mist and fog as well, but nothing t

nearly a dozen prisoners were transfe government officials in oman say the country has accepted 10 inmates from the facility at the request of president obama. last week-- u-s authorities announced that 19 of the remaining 55 prisoners at the u.s. military base in cuba were cleared for release, as president obama prepares to leave office. president-elect trump says he will keep the facility open. four days left until the presidential inauguration. and preparations underway right now to make sure the event goes smoothly. hundreds of thousands of people are expected to attend the ceremony... and trump supporters and protesters will be among them. anna-lysa gayle talked to groups on both sides, as they prepare for friday. d-c resident will see a big impact-- attend the expect the inauguration or not. road blocks, delayed mail delivery, and increased security because of the inaugural ceremonies. for more on the road closures... the inaugural programs and events leading up to the big day-- go to wjla dot com. in this last weekend before assuming office, president-elect trump was swinging agains

commodity groups, specifically with oil prices as we do have these opec cuts taking effect and looks are oman and kuwait enacting the cuts as targeted by opec. andco phillips, exxon halliburton showing strengths. also, the dollar and tenure, showing strength. we are seeing selling in the treasury market, yield up six basis points. last week, you guys were probably on vacation, everyone on holiday but i was here and we saw a reversal last week, so the postelection rally we had seen, the postelection so often treasury, the rally in the dollar, all of that reverse last week and it is resuming once again. interesting phenomenon we are watching. mark? onk: i apologize, i was holiday but back with a vengeance. energy still here, stoxx 600 above .81%. we were not trade -- .8 01%. we were not trading yesterday, but as to close in the levels, this is a bold market for the stoxx 600 rising 20% from the low of february last year. barclays has a target of 400 for is 336xx 600, where it today, return of 11% and will be driven by a 10% rise in earnings. they say that poor pricing has been preventing earnin

—— oman. it is a lot of teams. my wife would argue that the world cup is long enough. the same duration. more groups and games. what's interesting of course is the growth of football in not just europe and south america as he said yesterday. it isn't those areas where the growth is. the growth is in the fareast, where the growth is. the growth is in the far east, the middle east, africa. that is where there is so much growth. and by excluding those countries because they don't have the infrastructure to put the teams into the world cup, or get so good in that area to qualify, you are excluding a lot of paying tv audiences from watching the world cup. all of the money. that is what fifa is about, the money. who would you give one of these gadgets in your trading floor? i think they would give it to one —— i think they would give it to one —— i think they would give it to one —— i think they would give one to me. the hushme. i can think of a lot of people, and my wife and children would give it to me. could you imagine married couples, buying and hushme for christmas? it

. >> president obama transferring 10 more prisoners from gitmo to oh, man in his -- oman in his final days in the white house. the government of oman confirms that move, 45 prisoners remain at guantanamo bay, down from 242 when president obama took office. a few days to go. vote on our poll, do you believe that donald trump is already proven he is a stronger leader than president obama in 8 years? of service? cast your vote on twitter @lou dobbs, we'd like to hear from you, follow me on twitter, and instagram, on wall street, stocks were closed for martin luther king holiday, and international monetary fund boosting its forecast for u.s. economicki growth. guess why? something to to with donald trump on his proposal on cutting taxes and spending. >> a new study finds 8th wealthiest people have has much wealth as bottom half of poorest globally. the men, most important american, combined net worth, equal to wealth of 3.6 billion people around the world. a reminder to listen to my report three times a day coast-to-coast on the salem radio network. >> up next, president-elect trump promi

. >> and gitmo detainees sent to oman, the country's government says president obama requested the transferthe names of the prisoners have not been released. president obama has transferred 184 detainees since taking office. he said he was to release 19 more in a final push before leaving office. there are now 55 detainees left at detainees left up on time of day. another fox news alert breaking overnight. reports of the deadly mass shooting at a nightclub packed with american tourists and the resort town of playa del carmen new mexico showing pure chaos is gunfire sent dozens of people running from a music festival into the streets. a t.j. tweaking five people are dead. it may be as many as a kid we will bring you the very latest on this rapidly developing situation. clayton: donald trump sworn in as our 45th president. the list of democrats put an inoculation is going by the minute with john lewis leading the charge: mr. trump an illegitimate president. kristen fisher live in washington d.c. with the very latest on this. reporter: good morning, clayton. today one of the remarks back in 19

government officials in oman say the country has accepted 10 inmates from the facility at the request of president obama. last week-- u-s authorities announced that 19 of the remaining 55 prisoners at the u.s. military base in cuba were cleared for release, as president obama prepares to leave office. president-elect trump says he will keep the facility open. george's county combing for clues after a woman is found dead. suzanne kennedy is live in temple hills.. suzanne? family and friends gathered outside the malone family's home in baltimore last night...to remember their six children killed in a devastating fire. katie malone and her nine children were the fire broke out early thursday morning. malone and two of her children were critically injured. the five year old boy and four year old girl have now been upgraded to good condidition. malone's 8 year old daughter helped rescue them. she was treated and released from the hospital. a new watchdog report finds that some employees at the national security agency were lying about being at work. the records show more than 100 cases in

oman, not a opec member and kuwait, a opec member saying we're cutting too.hat gave oil to the upside and then reversed. down about a buck 51, to $52.21 right now we lost any gains we had earlier the why? you can blame it in part on the strong greenback. like every index is tracking stocks. greenback could have nearly 14-year high. biggest gain this three weeks. the we fumbled that too. green back is falling. oil is confused where to go. let me get you on point. this is the floor show. john corpina. >> happy new year. liz: we have our cme and nymex traders. john, what happened? why did we fumble all the gains? we were up 176 points. now the dow is up only 60? >> there is a little euphoria, seeing whether session will translate into today. haven't really seen the reason to get in just yet. they were hoping for something with the futures up 15 this morning but didn't have something that got them into the market today. a lot of economic data this week. we'll hear from president clinton next week. hear from president-elect trump next week. fomc next week. reason

china, india, australia and south korea, as well as middle eastern nations such as saudi arabia and oman leads on president obama's explanation of why he commuted the prison sentence of former us soldier chelsea manning. we are going to get into that use conference in a moment, but first the metro, ayesha, eu fury at boris nazi dig, what on earth is this about?! yesterday we were having theresa may saying that we were going to take a very constructive approach with our brexit negotiations. right... that seems to have come to a bit of an abrupt halt today! because borisjohnson likened hollande, president hollande of france, to being like a world war ii guard, and ministering punishment beatings to anyone chooses to escape. has not gone down well particularly well with our friends in europe, the lead negotiator has called his comments abhorrent, but theresa may's people are saying it is all fine. we know they do not think it is all fine. i think they probably do think it is fine. think it is all fine. i think they probably do think it is finelj think they have taken a calculation that this

transferring 10 additional detainees from gitmo to oman. country's foreign minister saying inmates were accepted at president obama's request. chris, oman says they are going to, quoting, to be rehabilitated, these terrorists. in my mind that is like trying to rehabilitate charlie manson. it can't be done. what do you think? >> extraordinarily difficult to rehabilitate committed idealogical jihadists. no doubt many so of the people we took out on battlefield or took into custody were not idealogical terrorists. kids looking to make money wrong place and wrong time. david: not these guys. >> the guys being released -- david: all the lighter stuff has been boiled off. now we're down to the hardcore bunch, right? >> look at lighter stuff that has been boiled off. out of 700 or so release out of guantanamo bay, at least 200 actively returned to jihadism as part of terrorist networks. we're looking at least a 25% recidivism rate. probably closer to 35%. maybe as high as 50%. i don't think we should continue doing this because -- david: we have b

en california, las personas que hayan sido sentenciadas por delitos sexuales omÁn jar bajo la influenciaue por des conocerlas cometes una in tracciÓn y rompes la ley vas a venir y decirle al juez, es que no sabÍa. >>> pide una cerveza artesanal, pagarÁ un centavo mas, bajo una nueva iniciativa que busca fomentar los empleos en la industria. >>> en illinois, los peluqueros y manicuristas tienen que ser entrenados en reconocer las seÑales de abuso domÉstico y sexual para recibir o renovar su licencia illinois eliminarÁ los impuestos en productos de higiene femenina. en california cualquier puede romper el crystal para rescatar una mascota olvidada en un vehÍculo queda prohibiÓ manjar y cazar criaturas del juego pokemÓn go. y en oregon no se puede elevar linternas de papel chi es no. >>> esta maÑana, el famoso letrero de hollywood amaneciÓ transformado sus letras leÍan hollyweed legaliza el huso recreativo de la marihuana a partir de hoy primero de enero. segÚn la policÍa las cÁmaras de seguridad muestran a una sola persona que saltÓ la valla a la medianoche e hizo la travesura. la Última d

"the wall street journal" said oman accepted ten detainees from guantanamo bay.oners were being held there when president obama took offices in 2009. >> the "the new york times" says monica crowley has decided not to take a job in the trump white house after being accused of plagiarism. she had been chosen for a role on the national security council. found passages in the dissertation and 2012 books. >>> and sharp credittism by a priest during a ceremony at dr. martin luther king jr.'s church. the reverend michael pfleger slammed the president-elect for his personal attack on longtime congressman john lewis. >> shame on you, mr. trump. on this weekend, to disrespect an icon of the civil rights movement on dr. king's weekend. you, mr. trump, have made yourself the anchor of fake news. >> pfleger asked the audience to take up dr. king's cause and become lobbyists for the poor. >>> "people" says president and michelle obama visited the family shelter that's now the home of their daughter's old swing set. they greeted children playing on the set during their mlk day

and ade sees how far he can get exploring a massive cave network in oman. not going to attempt to go up them. it would probably easier to get to heaven than to get up that lot. that's on the show next week, but for now, for me, carmen roberts, and the rest of the travel show team here in russia, it's goodbye. hello. the transition to milder weather across the uk is well under way, and this photo shows the melting of the snow in carmarthenshire. we also had quite a bit of murky weather, this shows the picture in portrush, and we have similar conditions across the brecon beacons. pretty murky one way or another. that is going to be associated with this milderair going to be associated with this milder air pushing around the top of this area of high pressure, weather fronts dangling across the uk, it will be with us for the next few days. 0utbreaks will be with us for the next few days. 0utbrea ks of will be with us for the next few days. outbreaks of rain gradually easing from north to south, but some bits and pieces of rain left over, stretching from the mid

in that same year, he was charged with illegal mining in oman and imprisoned for two months. greg also counts entrepreneurs as his clients. a commercial space company. he sold him two slices of lunar meteorite. each weighing roughly one pound and about the size of a large dinner plate. each slice of this rock cost hundreds of thousands of dollars. the market extends well beyond the brokers. last april, $christy's held an auction for these rocks and it was some $700,000. collectors tone necessarily think of these space rocks a sounds investments. instead, he said he buys them because of the rare unique story even ancient rock reveals. for nightly business report. san francisco. >> you never know. >> does it for nightly business report. thank you for joining us. >> i'm tyler mathisen. have a great evening. we'll see you tomorrow. >>> nightly business report has been fund in the part by hss. >> patients first. we deliver the highest quality care. >> goal of creating and sustaining value is all about putting the patient at the center of the equation. the purpose of this organizat

and addy sees how far he can get exploring a massive cave network in oman. not going to attempt to go up them. it would probably easier to get to heaven than to get up that lot. that's on the show next week, but for now, for me, carmen roberts, and the rest of the travel show team here in russia, it's goodbye. it's a quieter day for most of us today. there will be a scattering of showers around, but hopefully some sunshine to go with it as well. some north sea coast showers could be wintry. this north—westerly breeze has also been driving showers in across the irish sea this morning. this band of rain pushed from the isle of man down across liverpool and manchester. by contrast, it was and manchester. by contrast, it was a beautiful start across much of east anglia. cold but some lovely spells of sunshine. many places will see sunshine today. the risk of sleet and snow in some of those showers in the east. milder in the west, seven or eight celsius. northern ireland in western scotland see milder air. some showers, but generally speaking, a better, quieter d

and ade sees how far he can get exploring a massive cave network in oman.'m not going to attempt to go up them. it would probably easier to get to heaven than to get up that lot. that's on the show next week, but for now, for me, carmen roberts, and the rest of the travel show team here in russia, it's goodbye. not as cold as it is in russia at the moment back home but not very pleasa nt the moment back home but not very pleasant today for many of us. cloudy and damp in some spots. it has been coming down across the uk. some quite thick but through central parts and we still have dribs and drabs of rain here. nothing too heavy or extensive but through the night that rain will pep up a bit. scotla nd night that rain will pep up a bit. scotland and parts of england and wales. either side of that it would be drier. clear skies in east anglia and the south—east. a touch of frost perhaps and the odd bug patch. mild of other west at the line of rain from the south coast into northern counties. one celsius in knowledge and the order bug patch but no problems elsew

they're going to oman?n prisoners, we don't know who they are, they could be the worst of the worst. but this came at the request of president obama who asked oman to take them on. they said, we will, we will give them temporary residency, where do they go from there? we don't know. at last report there were 55 prisoners remaining, take these away 49, and 19 other prisoners are set to be freed, there are reports. and brings it back, there with 242 when president obama took office. stuart: he's got a few days ago and might still-- >> doing everything else to clear them out. stuart: four days left. >> we know at this point 30%, a pretty high number, but we've now learned 30% of people released from gitmo are returning to the fight. and this is what we face our troops with. ashley: donald trump said on the campaign trail, he not only wants to keep it up, but load it up with bad dudes. stuart: in typical direct. not only is martin luther king day, but religious freedom day and president obama issued a proclamat

. >> today oman is accepting ten more prisoners for temporary residence.he latest transfers leave are 45 detainees at guantanamo. >> the administration estimates it will soon cost $10 per year per guantanamo detainee and they say the exorbitant cost should be reason enough for the e topt shut it down. >> trevor: if you think donald trump cares about cost or reason, you know nothing. baby trump has other plans. >> git mo, guantanamo bay, which, by the way, we are keeping open. ( cheers and applause ) and we're going to load it up with bad dudes, believe me. we're going to load it up. >> trevor: with some bad dudes! bad dudes, get on in there! yeah! donald trump always sounds like a man who's speaking the lyrics to a song. have you noticed that? he sounds like an idiot talking, but i bet you if john legend sang those same words, it would be a hit. if you put that out -- ♪ gitmo right ♪ guantanamo bay ♪ which by the way, by the way ♪ we are keeping open ♪ which we are keeping open and we're gonna load it up with dad dudes ♪ ♪ bad dudes ♪ we love you john but

and addy sees how far he can get exploring a massive cave network in oman.ot going to attempt to go up them. it would probably easier to get up to heaven than to get up that lot. that's on the show next week, but for now, for me, carmen roberts, and the rest of the travel show team here in russia, it's goodbye. hello there. it looks as if the cold weather will continue into the weekend. some have had snow, quite significant snow, as you can see from oui’ weather watcher here in lanarkshire. of course, there have been other concerns through the day on friday and through the night, this sent in from whitley bay earlier. and that is the combination of high tides and strong winds pushing down the east coast, and so for the immediate future there are still flood warnings, severe flood warnings, out from the environment agency. the floodline, if you are concerned, 0345 9881188. now, the winds will continue to ease through the remainder of the night and into the morning, but they are still blowing a gale in places, and it is a blustery end to the night. still some

and ade sees how far he can get exploring a massive cave network in oman.'m not going to attempt to go up them. it would probably easier to get up to heaven than to get up that lot. that's on the show next week, but for now, for me, carmen roberts, and the rest of the travel show team here in russia, it's goodbye. hello there, good morning. we are turning things milder from the west overnight tonight and into tomorrow. but, before the milder air comes to all, there is still snow on the leading edge of this system. at least for a time in the eastern side of scotland and the north—east of england. but for many places it is just a wet night. air coming in from the west, temperatures will get up to 8—9 in western parts. still pretty chilly further east and still a chance of wintry weather to be had in parts of yorkshire in the morning. that drifts down into lincolnshire and east anglia and the south—east as well. just be aware there could be some slippery conditions and ice on the roads first thing in the morning. it is wet in london and cold, four or five degr

helped along by a ceremonial sword dance in oman.cy. this year, helping judge radio 2's writing competition for children. how are you? very well, nice to meet you. a visit to chris evans' breakfast show involved an encounter with the actor tom hiddleston. she told him her sunday nights hadn't been the same since the end of the night manager, in which he starred. it was brilliant. thank you so much. everybody sat gripped. good. she's also campaigned on the issue of domestic abuse. at a clarence house reception, she spoke of the anguish victims face, describing it as a hidden problem where many remain too scared to speak out. this silence is corrosive. it leaves women, children and men carrying a burden of shame. it prevents some from speaking out about the abuse, and it prevents them from getting help. and at its worst, it can be fatal. prince harry's visit to nepal this year became an extended royal tour. he was due to be in the country for five days, but stayed on, having seen the impact of the 2015 earthquake, in which 9,000 people

an hour here on bbc news, the travel show goes millions of years, back in time — underground — in omanod evening and welcome to bbc news. theresa may says she has ‘absolute faith,‘ in the uk's trident nuclear deterrent system, despite claims an unarmed missile veered off course during a test last summer. on the andrew marr programme today, the prime minister declined to say whether she knew of the incident, before a crucial vote on the future of trident, in parliament lastjuly. our defence correspondent jonathan beale reports. this is what the launch of a trident missile looks like. lastjune, the royal navy carried out what it calls a routine unarmed test launch from hms vengeance. but it now appears something went wrong. hms vengeance was about 200 miles off the florida coast. it was due to fire the missile around 5000 miles across the atlantic but a malfunction occurred during its flight. yet just weeks later, theresa may was asking mps to vote on spending £40 billion to renew the weapons system. mr speaker, we have waited long enough, it is time to get on with building the next gene

execution perspective, it tells you there is positive hope and ability to execute but on the other hand, omanlew it out. they are going to have a lower deficit. i feel nervous whether they make reforms to actually bring the deficit into control. yousef: what is going to be the bright spot? which asset class are you keen on? is it maybe egypt? uae it you look at the is a wonderful economy in the middle east. they continued to do things to get themselves up again and keep themselves competitive. the story is on the dead side at the moment. good.f the issue is quite we don't want to see too much too fast. we a little bit nervous. a bit nervous about some of the other markets they are issuing. i think that is a topic for domestically cash reserves. that is part of creating a curve for their corporate sector. a few things to watch. yousef: are those under pressure in your view? how do they defend them? parcel of it. and >> it is one of those things that everybody talks about. frankly i dismiss it. when you have so much of your revenue and so much of your cost base, denominated both in dollars, wha

into this production cut, you see significant compliance out of the gulf states, saudi, uae, kuwait, omanr. we see 100% compliance. iraq,s such as libya and we are seeing supply increases, which we expected. the big question in terms of thinking about prices is how does the u.s. respond. last friday, we saw an increase in oil rig counts at 29, when the largest we have seen in the most recent period. this will likely lead to more supply in the second half. we look at upside price risks. athave a price target on wti $57.50. for the route, we see prices moderating to 55. becomes significant. our base case is $55 in the second half of this year and five dollars in 2018. >> six months -- and $55 in 2018. the key issue is, you listen to is, theres revenue are several reasons why they want normalized inventory. backward motion in the forward curve. going into the production cut announcement, we had the opposite. spot prices were at $54, back and were at $55. if opec can get that done to the curve by lower normalized inventories, they benefit tremendously and it reinforces their market strategy.

middle east at large, so we have announced our plans for the uae, saudi arabia, egypt, as well as omanthese are being executed. we continue to look at the opportunities around us, but until there is more certainty in the legal framework and how to do business, we continue to look with interest. yousef: the iranian opportunity is still an opportunity as it were on the radar possibly. an opportunity for the past 2-3 decades and continues to be. yousef: always a pleasure to have you. of majid ali, ceo futtaim. this is bloomberg. ♪ rishaad: i am rishaad salamat, and these are the first word headlines. the u.s. calling an emergency meeting of the un security council, claiming iran has fired a ballistic missile test on sunday, pointing to unidentified american officials. minister saidime and light of the launch that he would propose renewed sanctions on tehran when he meets with president trump at the white house next month. meanwhile, trump has revived memories of his television career, telling a prominent critic "you are fired or." the justice department would not defend his immigrant band

barkindo's expecting people from countries like saudi arabia, oman, qatar and the uae as well.scussion, you would see the big opec production cuts deal agreed back in november. we have seen some promising talk coming out of various mr. this week talking about how they are complying with the cuts, but there is still a lot of detail to hammer out. january is the month this is supposed to come into implementation. the other thing we hear ministers might chat about is the return of u.s. shale. we had eyes on the iea inventory last week. we saw wti not rising above $55 a barrel but not coming back strong and reviving fears of u.s. oil production coming back on stream and perhaps taking the impact of those oil production cuts shery: out of the picture. oil prices fluctuating this week , falling right now. do we have any sign the cuts are working? tracy: let me give you the optimistic picture first. we had open interest on wti futures reached an all-time high yesterday, despite the iea that everyone was worried about earlier in the week. posting the best one-day gain since november wh

but also a month in particular, -- oman in particular, more is needed to react to the challenges of lownvironment brings for the economy. the saudis are somewhere in between those groups. rishaad: and the latest report here as well, the direct report. protectionism exposing this. you think about the caribbean and central america as the worst , but looking at the asia-pacific, how do those nations figure in that index? moritz: when you look at vulnerability to potential, the trade dependency, trade exports, we are looking at dependency on the work from the u.s. factor back to the home countries and also foreign and direct investment of u.s. companies in the markets, you clearly see central america and mexico is by far, they are the most exposed to the risks. in you also have a program asia, south east asia, they are very open trading economies which show impact. you also have places like the philippines which receives a lot of remittance of ex-pat community in the u.s. onpared to mexico, it is not the same scale, but you have countries in asia -- china is this different story. china is m

last year which tells you there is positive hope and the ability to execute but on the other hand, oman are coming back in this year it saying they will have a lower deficit. but i feel aittle nervous about whether they are making the reforms to actually bring the deficit under control. yousef: what will be the bright spot? which asset class are you keen on? is it equities, bonds, egypt? uae, ityou look at the is by far a wonderful economy in the middle east and it is working well. oil is down but they continue to do things to get themselves up again and keep themselves competitive globally. broader, i think the story is around the debt side of the story. some of the issue is quite good but we do not want to see too much too fast. saudi comes back in q1. we are nervous. what amount do they come back to the market with. i'm nervous about the other markets that are issuing a market to come back. does kuwait really need the dead issuances? they have such a significant surpluses and to cash reserves but that is about creating a curve for their corporate sector. a few things to look at from

oman of faith and i talk about it openly. i'm a believer. but i believe in first amendment rights to freedom of religion. i don't push that on anyone. what i liked in what president trump did, he talked about people whether they are in detroit other middle of america going to sleep at night under the pro tesks one higher power. he did it broadly in a way that didn't feel like he was i am peegd or enforcing anything down anyone's throat. lou: we appreciate it, and it's been a glorious day, thanks so much for being with us. earlier today the president assured all americans that they, that we, this nation, has nothing to fear. >> there should be no fear. we are protected and we'll always be protected. we'll be protected by the great men and women of our military and law enforcement. and most importantly, we will be protected by god. lou: and joining me now, fred fleitz is senior vice president at the center for security and policy. great to have you here. it's so -- i would just say exciting to have a president of the united states be reassurin

oman of faith and i talk about it openly. i'm a believer. i believe in first amendment rights to freedom of religion. i don't push that on anyone. what i liked in what president trump did, he talked about people whether they are in detroit other middle of america going to sleep at night under the pro tesks one higher power. he did it broadly in a way that didn't feel like he was i am peegd or enforcing anything down anyone's throat. lou: we appreciate it, and it's been a glorious day, thanks so much for being with us. earlier today the president

it is not the case in qatar or oman, so we are not too concerned about saudi banks performance comparedstems. at the moment, there is a bit of moderation. tracy: you mentioned you had already taken some actions when it comes to saudi bank ratings. do you see more actions coming this year? now thate upgrade liquidity strains might be easing little bit? >> the outlook for the banks and is noarabia, there pressure. i mentioned as well that there was lower profitability, and we expect the profitability will further moderate next year, so i don't think at the moment there is pressure. moody's lead banking analysts, thank you for joining us today. in the pounddrop has been cause for concern among businesses from the moment the u.k. voted to leave the eu, and for carmaker ford, the pound is top rated brexit risk it faces. jim farley told bloomberg that the currencies falling value could impact earnings by as much as $600 million this year. >> the biggest risk for us we are seeing this year is currency. sterling has deteriorated quite a bit, double digits. taken some modest pricing, the whole i

>>oman from silverlver spring.ring. >> awesome. >> her mom tina blackwell i mett her last evening and i'm nervous. nervous so she was there at the table t with deena rodriguez. >> i love deena rodriguez. >> awesome her list of shows.. next time she's home we need toe get her on the show.he s >> end on a positive note. >> while you were sleeping trump was blasting media. we'll talk about that coming upg >> check this out. swallow zinc hole swallows carsa on a philadelphia street much this not what you want to see wo when you wake up. 8:13. ♪♪ ♪♪ did you know slow internet can actually hold your business back? ♪♪ >> this one is special to me. >> why,. >> because i met her dad. i m hr >> what?>> wha >> yes. >> all right. hehes our favorite time day.day. fox5 first five.s f this is mariah, everybody.dy. aka thing pink. pin three years old. >> here's somewhat she likes tot do. >> here's what she loves. she loves to singere's gospel and what other three-year-oldeea doesn't love to do homework. >> a pig >> that's after my childhoodmy d time as well.wel her favorite food is mac anc cheese and