i had the chance to speak with r rolet. xavier rolet: i have respect for those driving economic policy in the trump administration. steve mnuchin and gary cohn. they articulated a strong plan to make u.s. economy more competitive. tax policy is an important part of that. repatriation of overseas capital. if you want idle capital back to work in the real economy, investing in plants and equipment. my flame are americans, at least half of them. in the last few decades, american infrastructure as we see received less attention it should have. the focus on these issues of productivity, investment in the real economy, of making the economy more competitive, protecting an economy of is tomorrow an admission of weakness. protectionism as we all note results in greater poverty spread amongst a greater part of the population than wealth creation. but focusing on making the the economy more competitive. the edu has been and uncompetitive sector for a long time. so i think that focus is essential. of course, there is the legislative a

london stock exchange ceo xavier rolet is my guest. but first look at the headlines. earnings and news out of d.c. largely driving the market. the s & p company who reported earnings have been above expectations.

and based on that the the rolet, we will see and place of various countries in the region.e not competing with saudi arabia. we believe iran and saudi arabia should be a part of a regional dialogue. the "newn op-ed in york times" several years ago calling for a regional dialogue. i believe that is what is lacking in our region. we are ready for it. i believe as soon as our saudi neighbors are ready to engage in dialogue, and resolving issues through dialogue, not through pressure because unfortunately this has become a habit of using the united states for pressure on different countries, wrong countries they can -- or to impose direct pressure. charlie: does this include israel? dr. zarif: i'm talking about our immediate neighbors in the persian gulf. in recent years, from the iraqi invasion of iran to the iraqi invasion of kuwait, to u.s. operations to liberate kuwait from iran, the u.s. operation against iraq, to al qaeda, to isis, the human -- to yemen. let's concentrate. let's not be too ambitious. let's concentrate on this region which has been a hotbed of extremism, v

london stock exchange ceo xavier rolet is my guest. but first look at the headlines.d.c. largely driving the market. the s & p company who reported earnings have been above

speaking to bloomberg, the rolet turkey is playing, absolutely fascinating at the moment.s going to be interesting to see exactly how rex tillerson's diplomacy goes and if it delivers the results. a fantastic function, you end up feed which is great but you also get the sidebar which allows you all the functionality, the charts we are losing -- using on bloomberg. give you all other kinds of aspects we are doing here as bloomberg interactive television. up next, how low can oil go? below 40 box per barrel. what is going on next. this is bloomberg. ♪ ♪ matt: welcome back to the european open. i am alongside guy johnson in london. a look at oil prices. could below -- could fall below $40 per barrel if efforts to rebalance the market do not bear through. there's a view of a report by analysts at goldman sachs. if evidence of further opec actions are needed to bolster prices, but go to abu dhabi. tracy, what are the likelihood of declines or a drawdown in u.s. crude stockpiles? >> the reason this report from ,he very -- the goldman analyst one of the more bullish guys when it

. ♪ matt: welcome back, i am matt miller in rolet. and edwards: send me in london.g at a mixed trade this morning. or a rather flat trade as the ftse and the cap show green arrows but they are just like green. the dax showing light. let's look at the sectors that are moving. goodthe imap here to get a snapshot of which industry groups are moving the equity indexes. we seek industrials that are the only gators here on the stoxx 600. most everything else is down. , energy discretionary and health care, we really saw that the mov function. and i will pull that up. the oil producers especially, some of the drugmakers are moving on the downside, but we saw gators in financials earlier and now financials as a group at least, as an industry group, though you will still see numbers in julius baer, are actually moving down. the sectors in the crosshairs this monday, let's start with the stocks that are underperforming this morning on the stoxx 600. we cap gemalto going to a disappointment, 60.4 to percent -- 16.4% the eu is studying that a legit cartel activity. bmw ejecting