one of the most valuable companies in the world, worth $1.9 trillion, saudi aramco. a multifaceted company. the saudi crown prince is saying they could sell more shares, shares could be transferred to their public investment fund. they could sell a 1% stake to a foreign company. romaine: interesting story. we should probably get some more details on daybreak: asia. coming up on this program, we will continue our earnings coverage. we will discuss the latest out of the cfo coming up next. this is bloomberg. ♪ romaine: alphabet earnings of course are out. $45.6 billion in first quarter revenue. that includes some of the payment and distribution partners. ad revenue docked it out of the park again, particularly on youtube. ruth porat making some comments a little earlier ago on bluebird. emily chang spoke with her. she talked a little bit about the economic recovery and more important, that digital ad recovery. emily: google shares up this year on the thought that this is a big reopening play. when people start coming back to work, that means big bucks for google's searc

shery: we are now hearing saudi aramco could be selling an oil stake to a public global management. me investors that it is leading. what is that story about? >> it is quite interesting. it does follow a pattern of saudi arabia seeking to open up its economy to foreign investors and use that money to diversify the economy away from oil. apollo is leading the consortium which includes u.s. and chinese investors. bloomberg has been told they are on the shortlist to make a final offer. it is not been finalized yet. from an investor perspective, pipelines typically offer a way to get predictable returns. but it is quite interesting. we will have to see how it plays out. haidi: is the economic recovery in asia something saudi arabia is getting more positive about given the recent price hikes? >> i think they are optimistic. certainly some countries in asia have not been hit as hard as we have seen in north america. that price hike from earlier this week suggests they see a recovery centered in asia and that they are pretty bullish about stimulus flowing into economies and propping up, acc

. >> sources say saudi aramco may sell a stake in its natural gas pipeline to free up cash in put moree kingdom. this state own energy producer is said to be holding preliminary discussions in a deal could raise billions of dollars depending on how the transaction is structured. we are told deliberations are at a early stage and there is no certainty aramco will proceed. citigroup said it will decline 11 transactions related to coal power mining as it revamps its environmental policy and walks away from the deals under a pledge to hold financial services to coal mining companies by 2030. in its annual esg statement, they also vowed to stop financing and advisory services required to get 20% or more of the power from coal by its plant. >> the former u.s. vice president and climate advocat al gore said his estate ability -- is underway in creating investment opportunities. speaking to our colleague at the bloomberg green summit. >> we are now in the early stages of a sustainability revolution, powered in part by machine learning and artificial intelligence and the internet of things in t

global management is leading a group of investors aiming to buy a roughly $10 billion stake in saudi aramco'sipeline. the consortium will include u.s. and chinese investors. the oil pipeline sale is part of a saudi effort to attract investment. kkr has agreed to pay almost $3.4 billion freight 1% stake in sempra energy. the business includes the u.s. infrastructure a -- infrastructure assets. the goal is to simple five corporate structure and develop a gas and renewables project. that is your latest business flash. alix: thanks so much. an executive shakeup may be on the way at credit suisse. the swiss bank's leaders are discussing whether to replace chief risk officer laura warner and/or others. joining us is our senior analyst for investment banks. this is obviously off of archegos and green silk -- and greensill. whose head should roll here, alison? alison: obviously we will learn more about the play-by-play, but i would say it is not surprising. i would actually be surprised if there risk officer wasn't in the hot seat, if you will, in terms of oversight and what has been happening at the

apollo global management meeting investors buying a $10 billion solely -- saudi aramco, sources say ito include u.s. and chinese investor on a short list make a final offer edging out blackrock. part of the saudi plans to attract foreign investors. mitsubishi ufj will robe yield -- rebuilt took you headquarters with a post-covid world and mine. it will bring together -- post-covid world in mind. it will bring together workers spread out over the city and some compliance roles will shift to india. blackrock is examining its business to see how it may have contributive to racism in the financial system, breaking ranks with its wall street peers. world's biggest money manager is planning to undergo an independent racial audit of its operations, following a shareholder request. by contrast, goldman and citi have asked shareholders not make similar audits saying they have taken steps to address racial injustice. rishaad: markets a mixed bag, sti in singapore. the charge lower led by the nikkei but other markets are doing well. the reserve bank of australia out with a decision in an hour and

we do have breaking news when it comes to saudi aramco.s it to be weighing a sale of the stake in its natural gas pipelines. said to hold preliminary talks on that move. it could raise billions of dollars for the company according to bloomberg sources. aramco looking at a sale of a stake in its natural gas pipeline. guy: angela merkel is holding a press conference in berlin. she has taken power from the states around germany, centralized it in berlin. this morning they pulled the emergency handbrake. she has met with the state leaders today. she is holding a cart -- she is holding a press conference indicating the vaccination program will be so advanced by early june vaccinations will be open to all by then. she is also saying if the sputnik vaccine is approved, germany will buy it. maybe there is a risk they will not be able to travel to united states if the u.s. has not approved that vaccine. interesting headlines coming out of germany. this is bloomberg. ♪ kailey: that wraps it up for guy and myself. hopefully alix steel will be back to

saudi arabia is in talks to sell a 1% stake in saudi aramco two was described as the leading global energyit could be worth about $19 billion according to mohammad bin salman. the kingdom is looking at a deal . google first quarter results showing -- related travel and retail businesses. there try to capture a public eager to resume some sort of normal life. alphabet posted revenue the blue way wall street estimates. the company unveiled a big new share buyback. global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ s bloomberg. ♪ >> the bottom line is clear. if you are vaccinated, you can do more things more safely both outdoors and indoors. so for those who have not gotten the vaccination yet, especially if you are younger, or think you don't need it, this is another great reason to go get vaccinated. jonathan: that was the president of the united states. we will pick up on that in a moment. alongside tom keene, lisa abramowicz, i'm jonathan ferro. the price action

potential $20 billion deal that has toshiba shares surging in trading >>> first the other top stories, saudi aramcovanced talks to the sale in the pipelines according to "the wall street journal," the $20 million deal would involve a consortium with u.s. and other chinese investors. >>> new york has officially given the green light to legal online sports gambling the move was approved as part of the state's fiscal budget and governor cuomo has previously said he wants to run the new industry through the new york lottery system >>> and college sbbl star luka garza is the latest athlete to sell an nft, the winner of the digital asset will also get signed shoes and time to spend time with him. if you missed that interview, it was yestery teoon ghdaafrnrit here on cnbc "worldwide exchange" is back right after this ♪ i wish that i knew what i know now ♪ ♪ when i was younger ♪ you need a financial plan that fits the way you want to live in retirement. a plan that can help grow and protect your money. now or in the future. with an annuity in your plan to help cover essential expenses, you can live the ret

global management is leading a group of investors aiming to buy a roughly $10 billion stake in saudi aramco'she consortium will include u.s. and chinese investors. the oil pipeline is part of a saudi effort to attract investment. there's no end to that cargo ship bottleneck off the coast of los angeles and long beach. they are the largest gateway for asian imports. more than two dozen ships are awaiting entry. an executive shakeup may be on the way i credit suisse -- maybe on the way at credit suisse. they are discussing whether to replace the risk chief, while ceo thomas gottstein would state in place. losses could reach into the billions from the collapse of archegos. monsters may have provided the breakthrough hollywood needed. "godzilla vs. kong" is drawing the largest crowds to theaters since the pandemic began a year ago. theaters in the u.s. are just starting to reopen. that is your latest business flash. alix: thanks so much, ritika. here's another story i am watching today. pioneer national resources -- pioneer natural resources continuing to expand in the permian basin. they agreed

saudi arabia is in talks to sell a 1% stake in saudi aramco to what is described as a leading globalhe sale could be worth about $19 billion, according to crown prince mohammed bin salman on. the kingdom is looking at a deal as a way to lock in customer demand for the country's oil. investors weren't set of five -- weren't satisfied with mike or soft's quarterly -- with microsoft's quarterly reports. shares are lower premarket. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ ♪ >> apple has been a master of the supply chain over the years and has continued to look for ways to diversify the supply chain. the best we can tell, demand remains robust across product lines and geographies. we are again expecting hundred percent plus growth. jonathan: from new york city this morning, good morning. alongside tom keene and lisa abramowicz, i'm jonathan ferro. here's your price action this morning. on the s&p 500, s&p futures going absolutely nowhere. yields highe

sources say saudi aramco might sell a stake in its natural gas pipeline to free up cash. owned energy producer is sent to hold preliminary discussions on the move and the deal could raise billions of dollars depending on how the transaction is structured. apple is increasing its u.s. investments by 20% over the next five years. allocating foreign 30 -- $430 billion to develop next generation silicon and develop 5g wireless innovation. the iphone maker says it will create 20,000 new jobs in the u.s. and fund a new campus in north carolina. apple said it is the country's biggest taxpayer. lululemon founder says it is dominating the chinese sportswear market. they paid 100 million for a .6% stake of the company two years ago and i've already made a 30% profit. -- and they have already made a 30% profit. >> there's a lot of competition for this market right now. but i have got my money on anta as controlling china and, as they go global, i think you will find it to be a real darling. paul: markets in tokyo, sydney, and seoul open in just a few minutes time. let's get to sophi

launched an attack using drones and missiles on the southern saudi city of jism they say caused a fire at one target belonging to the oil giant aramco saudi arabia hasn't confirmed the claim but earlier state t.v. did say if a list of missile into explosive laden drones have been intercepted. the u.n. says women have been subjected to sexual violence in ethiopia's more than breach in the tick rate the conflict began in november when ethiopian soldiers launched an offensive against the regional government the un security council is due to hold a meeting on the conflict on thursday our diplomatic editor james bays has more now from the un. the current president of the un security council the ambassador of vietnam confirmed to me that the council have a meeting on to grab it follows a discussion they have over lunch with the secretary general of the united nations and the subject was raised during a security council meeting about sexual violence in conflict zones in the rebuilding mountainous regions of north and central to great we men and girls are being subjected to sexual violence with a level that's beyond comprehension. ok we're

southern surtees city of season they say it caused a fire at once argot belonging to the oil giant aramco saudi arabia hasn't confirmed the claim but earlier state television said a ballistic missile and 2 explosive laden drones have been intercepted it's. around the world the pandemic has made it more difficult for people to receive health care as hospitals have become overwhelmed in the gaza strip patients needing specialized care already had very limited options. it's getting even worse and getting permission from israel to live for treatments isn't a guarantee it's a good name shares one family's struggle the. cancer has waged a war on the awad family 1st it took their daughter ran up then their son mohammad and now it's returned were 11 year old karim the boy had a bone marrow transplant at a hospital in jerusalem and requires specialized follow up treatment unavailable in gaza however his father has been denied a medical permit to accompany him into israel he says no explanation has been given and there is no one else to escort his son. i want my father to come with me because he knows hi

southern say the city of jesus and they say it caused a fire at one target belonging to oil giant aramco saudi arabia hasn't confirmed the claim but earlier state television said a ballistic missile and 2 explosive laden drones have been intercepted yes democrats say they're investigating the sale of $23000000000.00 worth of weapons it's the united arab emirates the biden administration had approved the trump era deal after a review it includes advanced f. $35.00 aircraft armed drones and other equipment democrats overwhelmingly voted against the agreements when it was 1st raised over fears it would fuel the safety led military campaign in yemen. and north korea is marking the most important day in its calendar day of the sun which celebrates the birth date of its founding father kim il sung state run media has been painting a rosy picture of life there but it comes as north korea's leader at mit's his country is facing many problems of macbride reports from so. this is the upbeat image north korea wants to project to the world extensive coverage on state run media of leader kim jong un presid

the aramco sale is part of saudi arabia's plan to attract foreign investors. have a conversation coming up in a few moments. kathleen: we are going to start with carmen reinhart, the chief economist at world bank. the world bank and in it nash -- -- the world bank imf kicking off the spring meeting with the aftermath of the pandemic hanging over the developed world , certainly hitting the world's poorest nations very hard. we will ask about a number of things. if the g20 does extend his jet suspension -- if the g20 does extend its debt suspension for more months is that enough to stem what she refers to as the quietly bring financial crisis that hits mainly in emerging markets but could spread more broadly? later, carlos to make us -- dominguez, finance secretary the philippines, a case study and what carmen reinhart is looking at even other that situation is fairly strong among asian emerging markets, there lockdowns are enforce again in manila where the virus has been surging. what will this do to their growth and what is it me for hitting growth targets? an

launched an attack using drones and missiles on the southern saudi city of jism they say caused a fire at one target belonging to the oil giant aramco. at least 20 children have died in a fire at a school in asia officials say the pupils aged between 7 and 13 were trapped in straw hot classrooms when the blaze broke out in the capital niamey those are your headlines up next it's the stream of 30 minutes of news straight after that 5 aussie that. want to i'll just. tell me what the government you represent is now illegitimate and we listen we do not sell fence material any country. conflict and yet we meet with global news makers and talk about the stories that matter. high and for me ok you're watching the stream on today's episode how rich is too rich how you look at my laptop this is fell's forbes world's billionaires list the richest people in 2021 in the past year there have been 660 new billionaire i want you to look at this fact i'm just going to skip down here a lot of it so you can see it nice and clearly a new billionaire was minted every 17 hours on average over the past year now because when a global pandemic this is spot

launched an attack using drones and missiles on the southern saudi city of design they say caused a fire at one target belonging to the oil giant aramco. at least 20 children have died in the fire to school the next year the pupils aged between 7 and 13 were trapped in straw hot classrooms when the blaze broke out in the capital niamey those are your headlines the news continues after studio b. unscripted i'll have more news in 28 minutes. it's a very bleak picture for a lot of americans out there white supremacy impacts all of our life if you're putting more money into the hands of someone 1st taking money out of the hands of other workers their own goes to their king and he becomes a us versus them this is the deal about constraining your nuclear program the bottom line the big questions on out is they are. i couldn't accept their reality am i actually going to go in a rubber boat and cross the aegean with 60 people to seek asylum in europe i don't care the color of your skin i don't care at the city please cook my food but at least respect my guts to come here navigating your crissy racism language barriers to boards and statements

. >> john, the crown prince announced that saudi arabia is in talks to sell off 1% of state oil firm aramco is the motivation behind that? >> he is trying to unearth value from that crown jewel of the kingdom. it is the largest oil company in the world, they did a partial listing at the end of 2019 only in riyadh with regional aspirations by the crown prince to go to new york or london, but he is talking now about sending a 1% stake to a large energy company in a very large country. he didn't go beyond that. he said the timeline is one to two years. a little bit odd to put this forward with that time of timeline in front of you here, but he is trying to kind of unlock up to $20 billion, rosemary, and the idea here is the second phase of his diversification plan he has to raise money for foreign direct investment as well and bring down that unemployment rate. the saudi people need to know that the vision 2030 is not about big projects, but taking unemployment from 12% down to 7%. he didn't put a timeline on t but clearly he says that is one of his things on the checklist, if you will. >> joh

launched an attack using drones and missiles on the south and saudi city of jism they say it caused a fire at one target belonging to the oil giant aramco up next al-jazeera investigations more news quick summary how often i see that. well to the right here you know the place that. it's able to set up an. epicenter to generation hate al-jazeera is investigative unit infiltrate france's phone right. we're talking about the field which was. you know this was. the 1st race. to come out undercover investigator joins generation identity a movement calling for the expulsion of muslims from europe. to look up to 3. groups up. the kids face you've. got so that the marine le pen's close allies attends a near fascist browny. of the. city through pseudo new political defeat to c.b.s. this year. and we revere links between generation like 10 c. and leaders of marine le pen's national front for. the last year that you grab a. salad i have gotten. to know. so you cannot get. for 6 months an undercover reporter from al-jazeera an investigative unit joined one of europe's fastest growing far right movements. generation identities dramatic stunts have a

saudi arabia it raised oil prices for its main market of asia in a sign of confident about the region's economic recovery. state energy from aramcocrease its key grade for asia by $.40 per belt while keeping prices for europe the same and lowering prices for the u.s.. the decision comes as opec plus agreed to boost daily crude production by 2 million barrels per day between may and july. suez canal 30 say the backlog of hundreds of ships cost by the massive container vessel that ran aground, has now been cleared. the last 85 ships passed through the waterway at the weekend, the authority said on his facebook page, adding the operation demonstrates its ability to manage emergencies. a total of422 ships have passed through the canal since the ever given was freed. spain is about to embark on one of the biggest chance as to whether a four-day workweek can be amended without harming the economy. the prime minister will pump $59 million into the three or nationwide program, testing a 32 hour workweek. an amounts to spain's biggest cut in working hours in one century. about 200 and players are expected to voluntarily sign up for the pr

factory in washington is 472 million cubic feet >>> saudi arabia's crown principles mohamed bin salman says the countries going to sell a 1% stake in aramco words, a leading global energy company made the statement on a saudi owned news channel. the prince did not name the company but said it was from a huge company they listed 1.5% of the shares on the local stock exchange raising $30 billion but the saudi government still owns more than 98% of the company and separately the prince said saudi arabia and the biden administration are more than 90% in agreement when it comes to oil interests. >> fascinating story fascinating. >>> when we return, we're going to have boeing's results set to be released. the numbers, instant market reaction as it happens after the break. then you don't want to miss this discovery ceo david zaslav will join us. the first time he's spoken since gamestop and we'll call it reddit mania that also involved his company, archegos and everything else. later, facebook co-founder chris hughes says the free market is dead yeah, he says it's dead. we're going to talk to him about that, taxes and so much more "squawk box" r

aramco has put together a loan of $10.5 billion to fund the transaction. it would be part of saudirt to open to more foreign investment. grab is putting southeast asian tech on the map. a blank check company backed by t. rowe price. the deal will value the firm at more than $34 billion. it would be the biggest spac merger ever. anna: thank you, laura wright. the u.s. economy is at an inflection point according to jay powell who sees stronger growth and hiring ahead thanks to rising vaccinations and powerful policy support. but the pandemic remains a threat. he spoke to 60 minutes. >> we are seeing an economy that seems to be at an inflection point and that is because of vaccination and strong monetary and fiscal support. we feel we are at a place where the economy is about to grow more quickly and job creation coming in more quickly. principal risk to our economy is that the disease would spread again. anna: the thoughts of fed chair jay powell. valentijn van nieuwenhuijzen, c io with and then investment partners. it was interesting to hear some of the thoughts around inflation and

karina: saudi arabia raised oil prices for its main markets in asia in a sign of confidence about the region's economic recovery. state leaders at aramco price by $.40 a barrel while keeping its price for europe the same and lowering prices for u.s.. the decision came after the company agreed to move crude production by 20 million barrels a day. over to the suez canal or authorities say the backlog of hundreds of ships caused by the massive container vessel that ran aground as now been cleared. the last 85 ships pass through waterway after the weekend. the authorities said the operation demonstrates its ability to manage emergencies. a total of 4428 ships have passed through canal since the ship was free. china is said to target vaccinating 40% of its population by the end of june, 560 million people as part of the rollout. aging is pushing communist party members to get shots. the country's inoculation efforts has stepped up in recent weeks and it is now administering an average of 5 million doses a day. jordanian authorities say they foiled what they called a malicious part by the half-brother of king abdullah the second to destabili