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an interview with the commissioner and governor of the saudi pif.reet" will be back dow is trying to go positive here s&p 500 went positive eresas early losses we'll be right back. is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪♪♪ there's no going back. ♪ ♪ ♪♪♪ every day, businesses everywhere are asking. is it possible? with comcast business...it is. is it possible to use predictive monitoring to address operations issues? we can help with that. can we provide health care virtually anywhere? we can help with that, too. is it possible to survey foot traffic across all of our locations? yeah! absolutely. with global secure networking from comcast business. it's not just possible. it's happening.

with the pif, are we not— are re—signing with the pif, are we not signing - are re—signing with the pifth the paf? i_ are we not signing with the paf? i have _ are we not signing with the paf? i have no— are we not signing with the paf? i have no idea, - are we not signing with the paf? i have no idea, so. are we not signing with the . paf? i have no idea, so even though— paf? i have no idea, so even though i_ paf? i have no idea, so even though i guess _ paf? i have no idea, so even though i guess it— paf? i have no idea, so even though i guess it is— paf? i have no idea, so evenl though i guess it is confusing, it is pretty— though i guess it is confusing, it is pretty clear— though i guess it is confusing, it is pretty clear that - though i guess it is confusing, it is pretty clear that nobody l it is pretty clear that nobody knows — it is pretty clear that nobody knows what's _ it is pretty clear that nobody knows what's going - it is pretty clear that nobody knows what's going on - it is pretty clear that nobody knows what's going on apart from — knows what's going on apart from ab

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chair of saudi—owned newcastle united, another of the kingdom's growing list of sports investments, pifir al—rumayyan will now chair the new golf entity, with the pif also providing fresh funds, reinforcing the concerns of human rights campaigners that this is sportswashing, something i put to al—rumayyan last year. it's the big thing in golf and we are going to enjoy it. that is why i'm here. thank you very much. can i just ask you very quickly about the suggestions of sportswashing? what do you say to that? i am really not sure about this terminology. for many in the sport, however, today's peace deal will come as a major relief. dan roan, bbc news. we've a box—office clash to look forward to in the men's semi—finals at the french open. carlos alcaraz, the men's number one, will take on novak djokovic after the spaniard beat stefanos tsitsipas in straight sets. alcaraz raced into a two set lead but wobbled a little in the third. he was 5—2 up and served for the match, but was taken to a tie break where he edged through to make the final four at roland garros for the first time. djokov

we know that the investment, the financing will be provided by the pif through liv golf and that the al—rumayyan — who is also the chairman of newcastle united — will be the chairman of this new for—profit entity. but counter to that, al—rumayyan himself has said that the governance, the control in that sense will still lie very much with the pga tour. do you think this kind of thing is a good idea? many in the sport think that it's a good idea because it, according to many, represents an opportunity to innovate a sport that is trying to grow and trying to attract a new, younger audience around the world — and one of the things that we've seen liv golf introduce is fresh ideas, a shorterformat. they've brought in a team format into golf. they don't have a cut. and, of course, the biggest, perhaps, innovation is these huge signing—on fees — millions and millions of dollars thrown at players in the form of signing—on fees and, indeed, in prize money as well and so, on top of that, it's brought to an end what has been a very damaging era and period of litigation as well. so, for the fir

um, are we saying it with the pif- or we're not signing with the pif? - i have no idea.guess it is confusing, is pretty clear. that nobody knows what's going j on apart from about four people in the world. well, 12 months ago, liv had just come on the scene and was shocking the golf world as it announced its breakaway tour. 12 months on, though, and everything has changed, as our golf correspondent iain carter explains. there are an awful lot of questions that still need to be answered and an awful lot of questions going into golfers in the build up to this us open, which are surrounding a future that is quite frankly very, very uncertain for both the pga tour as a dp world tour and the live tour, which is of course, funded by saudi arabia's public investment fund, who have gone into business with the dp world and pga tour's. one person who wasn't taking any questions on this today here at the la country club was rory mcilroy. he feels like it's just too big a distraction for him. and he actually cancelled his pre—tournament news conference, clearly all talked up and doe

are we signing with the pif, are we not signing with the pif?s confusing, - it is pretty clear that nobody knows what's going on, - apart— from about four people in the world. for just the fifth time in their history, gb women have qualified for eurobasket, which starts on friday in slovenia, and as part of the tournament, there are six 0lympic spots up for grabs. gb women have only made the olympics once before, and that was at london in 2012. team captain temi fagbenle has called for more support to help the team push on. i know how much more we could do if we had, you know, the backing, the support, the funding. you just watch other teams around the country, around the world — surrey, who are successful, and they have funding, they have structure, they have backing, and the ability to train multiple times a year. if we had more of that, we could really, really pose a big threat in the future. best of luck to gb�*s women at eurobasket. you can get all the latest sports news at our website — that's bbc.com/sport. from me and the rest of the tea

four of their top clubs now come under the control of pif.pect of a world cup and| and i think a lot of that is paving the way for that. and they will host the way for that. and they will host the club world cup for them a big moment for them and they are hosting each championships in a couple year's time as well and they want to host the women's equivalent of that i think in 2027 so there is not like going on with saudi arabia football. the ambition seems limitless and what happens up until recently would have felt almost impossible is becoming a reality. the efl fixtures have been announced today — with the three relegated premier league sides learning their opening day opponents. leeds and leicester are both at home on the opening weekend — against cardiff and coventry respectively. new southampton boss russell martin's first game in charge will be a long away trip to newly—promoted sheffield wednesday in the season's opening fixture on the friday night. that game has been brought forward for tv purposes and involves a round trip of 416 mi

again, that is just sent to me from the pif, the saudi pif.that's what we got we'll keep an eye on it, as it is, as jim just said, it's not a public deal, but it is certainly one that has a great deal of interest >> yeah. definitely got the public's attention, no question and attention in congress as well >> yeah. >> looking at the impact of the saudi involvement in american sports and jyesterday, we talked about man u-qatar. that's happening at multiple levels >> i remember when the ceo of united arab emirates came here a decade ago and said, look, there's going to be a wave of commerce between our area of the world and your area of the world that is going to shock you, and i -- it's like they have a bar united arab emirates has a bar it's like casablanca back there. they've become a great trading partner, that region, and i think we have to continue to watch it because they want more deals. they've got a lot of capital it's very exciting, i think. very exciting. by the way, you want exciting? the fact that logitech is down 7% on the departur

this is about making money it has to be. >> it certainly is from the point of view of the pif i mean, making an investment here with an expected rate of return >> yeah. >> i'm not sure what that will be, but that's what it's about for them, and that's what it's been about all along by the way, and launching to a certain extent, the liv golf i mean, you know, they did it as well there now they've invested a lot without a lot of return, but you're right it's certainly about making money and now for the pga, profit is going to be apart of their mantra, right? that's the key here. plenty of other things that could get in the way of that, you wou you would imagine, you know, for example, players instead of taking the money, they will have to be compensated for having done the right thing >> the scottie schefflers and guy who stuck with the ga. you know, mickelson and dustin johnson and cam smith, they all got that money or got some of it at least i don't know how the contracts were structured, and now it would seen m an awful lot of th pga players would feel like chumps because now the mor

chair of saudi—owned newcastle united, another of the kingdom's growing list of sports investments, pifgolf entity, with the pif also providing fresh funds, reinforcing the concerns of human rights campaigners that this is sportswashing, something i put too al—rumayyan last year. it's the big thing in golf and we are going to enjoy it. that is why i'm here. thank you very much. can i just ask you very quickly about the suggestions of sportswashing? what do you say to that? i am really not sure about this. for many in the sport, however, today's peace deal will come as a major relief. dan roan, bbc news. more than 80% of the world's opium — which is the main ingredient of heroin — used to be produced in afghanistan. but last year, opium poppy cultivation was banned by the taliban. the bbc has found evidence that the taliban government has had major success in cracking down on it, with experts suggesting that opium farming is down by as much as four—fifths in a year. but, in a country reeling from an economic crisis, farmers say this is another blow. 0ur correspondent yogita limaye has se

it’s the pif or saudi arabia as a country has with sport?— has with sport?t's really interesting. key term - has with sport? it's really interesting. key term is l has with sport? it's really - interesting. key term is sports washing. we should really talk about sport staining. obviously this whole thing will be bringing up the points around will saudi arabia now effectively own golf, but as a country they have dire humans rights issue. so i don't really think in terms of sport washing, in terms of short term that's really correct. what this does for paragraph is achieve the countries longer—term objectives, one of which is to drastically diversify saudi arabia as economy away from this reliance on the sale of oil and natural gas. now, one of the crucial things about golf, golf is what you might call highbrow leisure activity. which means it is a crucial facet that any state wanting to develop and open up its tourism industry. and golf is key for that. we've already seen that with the amount of finance that goes into these countries because they become key d

the pif were going to keep spending money in golf, at least the pga tour controls how that money is spentking about one of the biggest sovereign wealth funds in the world, would you rather have them as a partner or an enemy? at the end of the day, money talks and you would rather have them as a partner. it is hard for me to not sit up here and feel somewhat like a sacrificial lamb, and feeling like i put myself out there, and this is what happens. again, removing myself from the situation, i see how this is better for the game of golf, there's no denying that, but for me as an individual, yeah, i... there is just going to have to be conversations that are had. let's turn our attention now to the french open in paris, where alexander zverev has been tomas martin etcheverry to cap an emotional return to roland garros. the german left the tournament in a wheelchair last year after badly damaging ankle ligaments in his semifinal against rafa nadal, an injury that sidelined him for several months. but he won 6—4, 3—6, 6—4, 6—4, against the unseeded argentine to continue his bid for a maiden gr

to potential think deal as well wuchbl other thing to point out, it's very rare for the head of the pif interviews so it was actually quite a moment to have both of these individuals who have been trading barbs over the last 12 to 18 months, not against one another, but how they're combining the new entity and also whether there will be another motion like this in the future, whether we'll see another break-away. >> who knew "street signs" had so much golf chat. >> my husband is probably shocked. he's probably thinking where is this coming from. >> who is this imposter? >>> that's it for your "street signs," a special golf edition i'm julianna tatelbaum. >> i'm joumanna bercetche. "worldwide exchange" is coming up next. shipstation saves us so much time it makes it really easy and seamless pick an order print everything you need slap the label on ito the box and it's ready to go our cost for shipping, were cut in half just like that go to shipstation/tv and get 2 months free when we started selling my health products online our shipping process was painfully slow. then we found shipstat

is leading the investigation has demanded details on how the pga tour came to its agreement with the pifated stopper he says the pga's to a sudden and drastic reversal of position concerning liv golf raises some serious questions. eritrean cyclist has sprinted to victory at stage two of the tour of switzerland. his late burst to the line marked his return to form after a crash back in april when he suffered concussion, is likely to feature in last month's tour de france is his first win at world tour level after winning stage ten of the giro d'italia last year. and finally, back to golf where there was a very interesting end to the canadian open, one by nick taylor who had hold a stunning 72 foot eagle putt to become the first home player to win the canadian open in 69 years. obviously it sparked huge celebrations led by another canadian golfer and pga tour professional adam had when. he ran to spray champagne in the direction of his friend only to be mistaken for an intruder and was tackled to the ground by security. edwin later apologised and said he was fine, which is good news. you c

here's a response from both jay monahan who runs the pga and yasir al rumayyan who runs the pif whicharge investment, along with contributing liv into this combined entity. >> what are your expectations, jay, for when the public learns about this, the players and fans do you think they're going to respond positively you're describing a scenario under which pif at some point could have the majority of the economics, correct me if i'm wrong, of this entity essentially the saudis control golf around the world? i'm curious what you think the response will be >> listen, a lot of people have been reading about the tension and that we've talked a lot, and i said previously, that we were going down our path, they were going down theirs. and today, that tension goes away the litigation is dropped. we're announcing to the world that, on behalf of this game, we're coming together, and it's less about how people respond today, and it's all about how people respond in ten years. >> yasir, what are your expectations in terms of the public response to this, saudi arabia comes in for criticism, for e

what will do it, make guys feel better about the saudi pif getting a seat at table.to formula one. this reminds me of talladega nights. ricky bobby, the french f-1 driver. you know, the question is, is f-1 starting to dig into the fan base of nascar in this country or is that just a ridiculous premise? >> well, nascar still will be king as much as ricky bobby would love to keep it that way. f-1 is gaining some ground though. definitely a larger audience coming in thanks to the end of pandemic caps in terms of attendance. it is a bit of celebrity, in miami grand prix, shakira, tom cruise, making their names around las vegas grand prix coming up this year. a big draw for f-1, a lot more big name sponsors. f-1 is gaining ground on nascar but stock car raising remains king for now. ashley: that is really interesting, matt, thank you so much. really appreciate it. excellent john girard, excellent like you've been practicing, thank you. investors are setting up trades for the week in anticipation of more upside potentially for this market. let's bring in market gauge chief

arm siding with the pif or not? i have no i give. -- i have no idea. it is confusing.e knows what is going on apart from four people in the world. >> confusion still reigns in golf. that is all for sports for now. lewis: great to see you. thanks for that. an exclusive report to bring you on north korea. no one has been able to enter or leave the country for over three years. now, three people living in north korea of risk their lives to tell bbc what is happening. they say food is scarce and neighbors are starving to death. you may find the report distressing. reporter: people started dying. >> this chilling testimony come from inside north korea. >> once, i did not eat for two days. i only drink water. >> recently, people have been knocking on the door, asking for food because they are so hungry. reporter: hearing from people inside the isolated country is extremely rare. with fears the country is on the break of a famine, you have been secretly indicating with people who lived there. we are using actors and animations to illustrate their words and have change their n

reportedly, the chairmanship is going to go to the head of the saudi public investment fund, the pif. the close confidant of the ruling monarchy. we have every reason to believe that the saudis are taking control. and the 9/11 families feel betrayed, so do the players. and i sat with the leadership of the pga tour, just about a year ago, in cromwell. they sought to enlist me and my colleagues in supporting their efforts to bring back players from liv. thn ongoing antitrust investigation reportedly by the justice department. a lot is going on here and it should be. >> senator blumenthal, thank you for joining us. the pga tour declined our invitation for jay monahan to appear on the broadcast. but they said in a statement, they are confident that once all stake holders learn more, they will understand how it benefits our players, fan and sport. >>> we'll be back in a moment. (male) there are many voices in today's world. everyone is voicing their opinions about everything, and jesus is no exception to that. what if there was a clear voice telling you exactly who jesus is? (male announce

but we will now. >> a lot of activation yet to come with the pif's money.lson tweeted >> yes. >> donald trump. >> yes >> mickelsonhe got the money as rory mcilroy said and monahan made clear you're not going to come back with no consequences but they took the money. >> $200 million? >> no worse for it and rory mcilroy and tiger woods did not. >> right everybody has an opinion about this >> i know. >> dinner and drinks last night. >> i did not fully appreciate what i was wading into i thought it was an m&a story. >> no. not elon musk level but definitely buzzy >>> we have a rally continuing this week. the s&p losing a little steam, if you look under the hood, energy is doing well, materials up 1%, consumer discretionary up .4 that's all helping out "squawk on the street" returns in just a moment this is cynthia suarez, cfo of go-go foodco., an online food delivery service. business was steady, until... gogo-foodco. go check it out. whaatt?! overnight, users tripled. which meant hiring 20 new employees — and buying 20 new laptops. so she used her american exp

couldn't continue to do that, so it got to a point where there were two other key players in this, not the pifhe united states, who really broke at this deal and decided that instead of trying to fight off this money... i instead of trying to fight off this money. . ._ this money... i 'ust want to “um this money... i 'ust want to jump in h this money... i 'ust want to jump in and — this money... i just want to jump in and ask _ this money... i just want to jump in and ask you, - this money... i just want to l jump in and ask you, because this money... i just want to - jump in and ask you, because a lot of people have been saying saudi is trying to sport wash its image, especially after it has been accused of killing a journalist and so on. do you think they're sport washing is actually working now? i think they're sport washing is actually working now?- actually working now? i don't know if the — actually working now? i don't know if the public _ actually working now? i don't know if the public has - actually working now? i don't know if the public has a - actually working now? i don't| know i

"the pga tour, dp world tour and pif will work together to best feature and grow team golf going forwardies." the ceo of the pga european tour keith pelley called the agreement �*historic�*. it means that ourselves, the pga tour, and liv golf will merge our commercial operations under common ownership. there is no question, no question, this united front has the potential to positively shape the future of golf. and of course, it also marks the end of the division in our game, and the start of a new chapter in its evolution. we're joined now by the bbc�*s golf correspondent iain carter. great to see you. what a choice. did not see it coming and i'm not alone. the parties trying to get this done where very few in his number did an extraordinaryjob to keep it under wraps. when the e—mail dropped to announcement, similarly letters were sent out to pga tour players who were gathered in canada and it came to as a huge shock to them. we saw their responses on social media today. pm their responses on social media toda . �* .,., ., , ., ., today. an extraordinary turnaround. what does it — today

we now have middle eastern investment under the saudi arabian pif. the qatari world cup which took place in 2022. and there is significant qatari investment in both corporate and property assets in london and property assets in london and the city. so it will be used as a vehicle for those people that want to raise issues of human rights in qatar, and there's been a lot of reporting recently, and a fairly damning report from amnesty international, as well. as far as football fans are concerned, they tend to turn a blind eye to this, provided there's lots of money being spent on expensive new baubles in the form of players and the trophy cabinet starts to get restocked.— trophy cabinet starts to get restocked. �* ., restocked. i've never thought of football — restocked. i've never thought of football players _ restocked. i've never thought of football players as - of football players as expensive new baubles but i will forever think of you when i do. thank you for talking to us there about what might happen to man u and who the new owner right be. aro

, the rrr gorng— whether you like it or not, the pif are going to— whether you like it or not, the pif like the game's sold its soul, as you said in your opening remarks, michael , it's remarks, michael, it's difficult,— remarks, michael, it's difficult, actually, for golf to etarn — difficult, actually, for golf to claim moral— difficult, actually, for golf to claim moral high ground because aetuatty— claim moral high ground because were actually introduced to the game— were actually introduced to the game ty— were actually introduced to the game ty tne— were actually introduced to the game by the european tour where tne— game by the european tour where tne tr— game by the european tour where now the dp world— game by the european tour where now the dp world tour and are atso— now the dp world tour and are atso partners— now the dp world tour and are also partners in— now the dp world tour and are also partners in the new organisation.— also partners in the new organisation. so it's difficult wrtn— organisation. so it's difficult wrtn tnat— organisation. so it's difficult with that on

. >> professor, if i switch to golf the shock announcement with the partnership with pif and pga put u.s. and saudi relations in the spotlight again and to joumanna's earlier point, to what extent do you think this was driven by the push from saudi and a drive to gain soft power and more clout onand international stage? and follow-up, will this do that >> i guess there are two elements to this what we know is prominent members of the global community, be in sport or otherwise, typically tend to have a high profile in elite professional sport. that is reality. think about the nba in the united states. premier league and great britain. economic benefits associated with having such prominence in sports that is what saudi arabia has done it realizes that at the same time, saudi arabia, in essence, wants to be dubai or miami. the country is going through transformation one thing it is trying to do is develop tourism sector if we take a development such as the red sea project -- the red sea project is a high-end leisure destination. hotels and beaches and nice restaurants. what do people d

they want to diversify out of the oil economy that the pif fund is aiming toward a trillion dollar acquisitionferent places to put that money sports is a greeting area. so i think this is more about economic diversification than it is about image improvement. >> thank you for that, robert. i appreciate that. i kind of threw that -- i hope you don't mind we're really here to talk about the cnbc millionaire survey, which, you anyhow north korea we have higher rates, rumblings of a weaker economy >> you've got it take care. >> contessa, we're looking at key findings from the survey and millionaire investors are betting inflation is going to stick around for at least another two years. the cnbc millionaire survey, that's where we poll people with investable assets. 52% of them say inflation is not going to fall to the fed target of 2% for at least two years about a third say it's going to take at least a year they also say interest rates will be higher for longer. nearly half say they're higher by the end of the year only 18% expect to cut rates by the end of 2023. inflation and rates starting to

he sees that liv and pif, which is the saudi arabia public investment fund, he sees those as two different involved in all of golf. but he thinks that that's not the same as liv. so maybe liv and the format, the unusual ground breaking format will go away. he thinks the players that took the money shouldn't be allowed back in the tour and doesn't think they will be. yesterday we were hearing there will be a pathway extended to those players to try to reapply for their tour cards after this season. but that's interesting from rory mcilroy. >> the strength of his words there, continuing to say i hate luv golf like he did, that he felt like a sack official lamb. he wasn't mincing words. what did he say about taking money from the saudis? >> he said he's come to terms with it. he's come to terms with the fact that there's money in professional sport. you can't necessarily choose where it comes from. some of the liv golfers might say, well, these pga tour golfers going to have to explain why they are getting paid by saudi money, whatever you want to call it. he says, look, there's nothing we ca

critics of liv have accused the pif of sports washing by using the league to distract from saudi arabia'story of human rights violations. one of those critics had been the pga tour commissioner jay monahan who's now being called a rip krt after saying he was clear on the controversy surrounding liv especially as they pertain today the september 11th attacks and warned pga players against signing with the rival circuit. compare monahan's comments from a year ago to what he had to say yesterday. >> i've talked at a player meeting and talked to a number of players individually for a long period of time and i think you'd have to be living under a rock to know that there are significant implications. and as it relates to the families of 9/11, i have two families that are close to me that lost loved ones, and so my heart goes out to them. and i would ask, you know, any player that has left or any player that would ever consider leaving have you ever had to apologize for being a member of the pga tour? >> a lot of people have been reading about the tension and we've talked a lot. and i said prev

we're talking about saudi arabia's pif, their public investment fund, which is part of their projectsectors and spread saudi arabia's impact around the world. there's also this thing called the pip, which is the player impact program that was a pool of money that the pga players got for whomever moved the needle the most. that came about showing liv the doorstep and offering money. how do we get the best names more of the money than just having to play for it? so they have received some money, but nowhere near what they could have otherwise. there are so many questions. what is this new entity going to look at like there are a lot of questions that need to be answered, and at this point, this is not a done deal so the deal making is going to answer a lot of the questions that we all have right now >> and just back in february, lpga star anna norquist ended her deal, so you have that pushback with this announcement. perhaps as you intimated, there could be something that makes this fall apart or if the saudis throw enough money at it, they can push over some of those concerns what do

i think this is what they are trying to accomplish -- liv is trying to accomplish, the p i f pif he'sment in february of last year committing to the pga tour. he eventually joined the liv golfer just a few months later. all, right i'm paula newton, thanks for your company. i'll be back with more cnn newsroom in just a moment. stay with us. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ hi, i'michael, i've lost 70 pounds on golo. i spent ousands on other diets that didn't work. on golo, i spent a couple hundred bucks and got back down to my high school weight. you're not gonna believe this thing is possible but it is. listen up, you dogs with allergic itch! today's talking lesson is just one word: apoquel. ap--o--quel. ♪ you can't teach your itchy dog to talk... ...so, talk to your vet about apoquel. apoquel is for the control of allergic itch in dogs. do not use apoquel in dogs with serious infections. apoquel may increase the chances of developing serious infections... ...and may cause existing parasitic skin infections or pre-existing cancers to worsen. new neoplasias have been observed. i'm glad we speak the s

this is the pga tour, dp world tour and pif, very difference from liv. >> and the stories in the spotlighthour, kilauea is erupting and officials are trying to steer tourists to safe places to watch it happen. thousands of visitors are expected to flock to the national park where one of the m active volcanos is spewing the ash. >> and they say remember that this is a sacred event according to native hawaiian tradition. >>> and there is a discovery in eastern spain. researchers decided to use the drones because the caves are hidden and difficult to reach. >> within just days the drones reveal cave walls with ancient artwork. and shows archeological holds a lot of promise. >>> tom holland is taking a year off to prioritize his mental health after a difficult experience filming the crowded room which releases on friday. >> the apple tv mini series follow as mystery related to mental health which holland says it made him feel experiences that he's never experienced before but it changed him for the better. >>> and several people including children have been injured by an individual armed with

leading the investigation — has demanded details on how the pga tour came to its agreement with the pift wigan, who have been relegated to league one from the championship, and it is understood money is outstanding from last month's salaries. the latics, who won the fa cup ten years ago, will start next season on minus eight points for not paying their players on time. bordeux have missed out on promotion to ligue deux after french football's governing body after they handed them a loss for an abandoned match against rodez earlier this month. the game on twojune was called off when rodez scorer lucas bowdes was attacked by a pitch invader. this decision means bordeaux finished third — they've said they plan to appeal the decision to the french olympic committee. eritrean cyclist biniam girmay has sprinted to victory at stage two of the tour of switzerland. girmay�*s late burst to the line marked his return to form after a crash back in april when he suffered concussion. he's likely to feature in next month's tour de france. it's girmay�*s first win at world tour level since winning stag

the stuff will work but what i believe, both of these organizations, the pga and the sawed i dids, pif, it's the public invest fund. >> saudi-government backed. >> $600 billion toward the operation and they were suing the pants off each other in court and this litigation would go on for a long time. they were very close to the discovery phase and the saudis would have had to reveal information about the saudi-backed fund and fga revealing -- pga revealing its own funding as well. what i find intriguing is the pga has great events. a lot of golfers make a lot of money. but a purse, if you win an event, an average event on tour, making $1.9 million, that's a lot of money. but out of nowhere, david, they went from $1.9 to $10 million. my question was, where did the money come from and it's possible the pga did not want to open that door. david: thank you for getting to the question. but first to you, what was the fight about? what was the fight about between you guys? >> awes follow the money and i ask bill, where was the money for these massive purses all of a sudden at pga, where did th

and iny this is whereby the distinction is the world tour and pif. very different from liv.oing forward i hope that there may be a team element. i don't think it will look anything like liv has looked. i think that's a good thing. >> brian: well, i mean, a couple of things, saudi wealth fund got involved. these are american golfers, saudis, if you are upset about the saudis know that a lot of saudi arabia companies advertising on the pga tour. they have bought into it. they decided to start their own league, create a competition. they could grow the game. a lot of people not happy like greg norman and others with the way the pga does not promote anyone except the top players. they think it's kind of cruel how hard they have to get into become a pro and get cut after two days. so the saudi tour is once you are in. you get an appearance. once you are in, no cuts. you play through the entire three day tournament. so they offered competition new castle fan not volume that team because you don't agree upset ourselves was in saudi arabia yesterday trying to get them to pump more o

so the 9/11 community is demanding a meeting with the chairman of the pif.ce and improve relations and use golf to, you know, move that country's relationship forward, they should be talking to us, and they should be addressing the atrocities that that country committed 22 years ago. >> brett, thank you so much for coming on and explaining where you stand on this and you did mention all of the political ties that the trump white house and the biden white house all talking with the saudis, anthony blinken there now and your frustration. i appreciate your time, sir. >> thank you for having me. >> john? >> a code red. dangerous smoke blanketing parts of the u.s. creating some of the worst air quality conditions in the world, and we are standing by for an update from the vatican. pope frances undergoing abdominal surgery right now. nown more about an aarp medicare supplement insurance plan from unititedhealthcare and get help protectingng yourself from the out-of-popocket costs medicare doesn't pay. because the time t to prepare is before you go on medicare. don

and david the way we are doing that is creating a for profit llc that the pif is going to invest in alongsided to take it to new heights. >> so nearly two weeks ago we learned about the huge merger between the pga tour and the upstart liv golf the move took nearly everyone by surprise including golfers themselves and even some pga board members. because live is backed by saudi arabia's public investment fund it raised all sorts of questions and concerns about sports washing of the saudi leader crown prince and his role in the role in the murder of washington post journalist jamal khashoggi. the u.s. senate earlier announced inquiry into the merger and demanded -- late yesterday the wall street journal reported that the justice department has notified the pga tour that it will review the planned merger with liv golf's saudi backers for antitrust concerns. -- the host of the new show on teen oren edge of sports as well as an msnbc columnist where he wrote about the politics of this deal. he joins me now. it's great to see you thank you for making time for us. let's start with the deal itself. c

live is trying to accomplish the pif is trying to accomplish.complish this better world for everybody. anyway to provide great entertainment for everybody around the world. >> it's not just about 9/11. does it make you uncomfortable at all because it is not just that. they are accused of financing terrorism, they also are accused of killing a washington post reporter, jamal khashoggi. how do you feel knowing that is where the money is backed by? >> yeah, i mean look, it is unfortunate what is happened. and it's something i can't necessarily speak on as i am a golfer. but what i can say is that what they are trying to do and what they are trying to work on is to be better allies because we are allies with them and look i will not get into the politics of it, i'm not specialized in. that but what i can, say they're trying to do good for the world. showcase themselves in a light that has not been seen in a while. nobody is perfect, but we are all trying to improve in life. >> yeah, i think they would say it's not just about politics that it is also

that is where the pif innvestmet will kick in we will be creating or acquiring or doing new things to grow the game of golf >> to talk more about the golf issue is george pinyne. he will join us later in the show >> there is an element where when you come out publicly and say the reason we are doing the deal is effectively to end this competition. that is prima facia evidence on tape that is how it works >> i'm thinking who will be harmed competitively i think everyone will benefit. >> the players >> the players look at the guys that went all that will -- the pif is big. big. i think the journeymen will do better did you see -- >> how is it the pga puts out a press release sg. >> i have children i'm busy >> once all of the stakeholders understand and our board and some of our players don't understand >> there will be guys, obviously -- >> i don't know they worked out the details. >> phil got at least 100 it was rumored rory said no i'll stand up for what i believe. >> i think that is the pga putting a press release saying and you read it. once everyone understands and you get it, it w

the pif revealed the spring they have invested to many top u.s.venture capital private equity firms that from the pages of "the wall street journal." we are asking you this morning your thoughts on this merger between the saudi backed subeleven golf in the pga tour two. (202)748-0001 if you oppose the merger and we are taking your tax and comments on social media. if you want to send us a text as 2-027-488-0003 and we ask that you include your name and where you are from when you send us the text. we are having this conversation the first half-hour of "washington journal." this topic the merger between the pga and the subeleven came up in the white house briefing room yesterday. it was a national security council spokesman john kirby who was asked about it and try to avoid answering a question about it. >> i want to to ask does the biden of have any concern with a major u.s. sports leagues doing business with the saudi investment fund? >> fund? >> we will let the saudi government speak to that. >> is your response to the question on the golf means

that's the public investment fund, saudi arabia, pif.ed a lot about how, when you are starting an automobile company, you assume an awful lot of capital you just basically, i mean, billions to get yourself moving. that's what's so amazing about what musk has done at tesla, of course, getting it through those earlier days by sheer will, by sheer force of his -- his ability to be a showman in some way, convince -- it's hard and lucid is raising $3 billion because they need it, but they're going to be able to push through what is a lot of negative cash flow >> churchill >> yes, it was the old churchill. >> i've identified what it is. we shall issue stock on the beaches, we shall issue stock on the landing grounds, we shall issue stock in the fields, we shall issue in the fields, we will never surrender it's churchill all along churchill had it wrong it was supposed to be stock, not about fighting the nazis >> that's what you do, jim, you get to where you can break even, but we're not there. and you're competing against so many high-end auto

the majority of our funding is baby prop c, um, following with pif and other sources. um, come. i guess that exceed my five minutes. um however, are combined, um, funding between the children and families commission and the department of early childhood or the east side is approximately $324 million. the majority of our funding close to 85% of it goes out the door through community grant making and we do that with a very lean administrative staff. looks like . um as well as our are programmed, um local funding were also programming some of our reserve the baby prop c, which we call the baby prop c we serve and this helps us as i mentioned before, be able to continue to build the infrastructure that is needed in order to build the infant and toddler care capacity but also the capacity of teachers. so we are looking at investing close to $100 million not only in facilities but also in the workforce. and we are we serving of the reserve $60 million to ensure that we're maintaining our commitment to teacher wages and compensation. we are organizational structure includes four divisi

"we are pleased to move forward in step with liv and pif's world-class investing experience. the governor for his vision and collaborative and forward-thinking approach that is not just a solution to the rift in our game but also a commitment to taking it to new heights. this will engender a new era in golf." he didn't just relent to a partnership, he said this guy is the one to change golf and take us, quote, into a new era of golf for the better. >> it makes me want to throw up. it's just, like, puke. unbelievable. how desperate was the pga? were they really that broke that they were willing to sell their should for saudi money? i mean, we know jared kushner would sell his soul for saudi money. >> he was -- yeah. >> the crown prince signed off on the murder of a journalist in another country. and our intelligence agency, as john brennan knows, it's highly respected, and many of them are veterans. they came to the conclusion he signed off on that murder. and now this is going to be the face of the pga? this guy's going to be chairman of the board? this guy from saudi? i just

as a matter of fact, it's the second smallest pif where we were down 8.9% if we summarize on what thefore the number, 474 higher than yesterday. you want to play very wow, that's a lot of. >> the marvel of that. that was pretty unbelievable to wrangle all of those numbers, nobody does it better. thank you. >> steve liesman joins us but these are some pretty important numbers, too i guess retail sales jump out since they were stronger than expected you've got the jobless claims ticking a little higher and as rick pointed out, the highest level we've seen since october 2021 and if i had to point out something else, maybe the philly fed. >> i'm going to echo the words of our cameraman, brian so no fatigue, becky you just sit up straight herself which is those claims numbers. maybe we have shifted to a higher rate of claims and, rick, tell me if i'm wrong here. woe don't have much in terms of the continues arl so we're going to watch that that in a strong job market, people lose their job pe to see if there's real detear yag rick, am i right that the control group was 02 are you there, bu