here's a thought experiment and a bit of a prediction for 2020 going back to saudi aramco aramco as it went public just recently at a market valuation an excess of $1.00 trillion dollars i think at one point was worth 2 trillion dollars i think that we're going to see them make a hostile buy of a company maybe facebook for example and it could be the 1st trillion dollar hostile raid in history because they've got the balance sheet now if you've got a 2 trillion dollars balance sheet that means you've got you know the ability to borrow another trillion so you've got a 3 trillion dollar war chest if you go after an apple or even a berkshire hathaway 5 or $600000000000.00 why wouldn't saudi aramco buy berkshire hathaway just as a hostile trade and then they own a huge portion of the whole global market the american market why not they've got the balance sheet now they want to diversify away from oil and gas and i think we're going to see a move like that the next 6 to 9 months. to 6. both the harmony who create their own vibrating strings that is chemistry chemistry is the melody the melo

here's a thought experiment and a bit of a prediction for 2020 going back to saudi aramco aramco as it went public just recently at a market valuation an excess of $1.00 trillion dollars i think at one point us toward 2 trillion dollars i think that we're going to see them make a hostile buy of a company maybe facebook for example and it could be the 1st trillion dollar hostile raid in history because they've got the balance sheet out if you've got a 2 trillion dollar balance sheet that means you've got you know the ability to borrow another trillion so you've got a 3 trillion dollar war chest if you go after an apple or even a berkshire hathaway 5 or $600000000000.00 why wouldn't saudi aramco buy berkshire hathaway just as a hostile right and then they own a huge portion of the whole global market the american market why not they've got the balance sheet now they want to diversify away from oil and gas and i think we're going to see a movie like that the next 6 to 9 months. time after time to repeat the same mantra sustainability. transitions to sustainable prize board sustainability

here's a thought experiment and a bit of a prediction for 2020 going back to saudi aramco aramco as it went public just recently at a market valuation an excess of $1.00 trillion dollars i think at one point us toward 2 trillion dollars i think that we're going to see them make a hostile buy of a company maybe facebook for example and it could be the 1st trillion dollar hostile raid in history because they've got the balance sheet now if you've got a 2 trillion dollar balance sheet that means you've got you know the ability to borrow another trillion so you've got a 3 trillion dollar war chest if you go after an apple or even a berkshire hathaway 5 or $600000000000.00 why wouldn't saudi aramco buy berkshire hathaway just as a hostile right and then they own a huge portion of the whole global market the american market why not they've got the balance sheet now they want to diversify away from oil and gas and i think we're going to see a move like that the next 6 to 9 months. time of the time to repeat the same mantra sustainability. transition sustainable prize board sustainability spac

here's a thought experiment and a bit of a prediction for 2020 going back to saudi aramco aramco as it went public just recently at a market valuation an excess of $1.00 trillion dollars i think i want pointless war 2 trillion dollars i think that we're going to see them make a hostile buy of a company maybe facebook for example and it could be the 1st trillion dollar hostile raid in history because they've got the balance sheet out if you've got a 2 trillion dollar balance sheet that means you've got you know the ability to borrow another trillion. you've got a 3 trillion dollar war chest if you go after an apple or even a berkshire hathaway 5 or $600000000000.00 why wouldn't saudi aramco buy berkshire hathaway just as a hostile trade and then they own a huge portion of the whole global market the american market why not they've got the balance sheet now they want to diversify away from oil and gas and i think we're going to see a move like that the next 6 to 9 months. almost show seemed wrong. but old rules just don't hold. any new world yet to shape out disdain become agitated and i

here's a thought experiment and a bit of a prediction for 2020 going back to saudi aramco aramco as it went public just recently at a market valuation an excess of $1.00 trillion dollars i think a one point us war 2 trillion dollars i think that we're going to see them make a hostile buy of a company maybe facebook for example and it could be the 1st trillion dollar hostile raid in history because they've got the balance sheet out if you've got a 2 trillion dollar balance sheet that means you've got you know the ability to borrow another trillion so you've got a 3 trillion dollar war chest if you go after an apple or even a berkshire. to wait 5 or $600000000000.00 so i went inside iraq by berkshire hathaway just as a hostile trade and then they all looked like a huge portion of the whole global market the american market why not they've got the balance sheet now they want to diversify away from oil and gas and i think we're going to see a little like that the next 6 to 9 months. with . the pump it. just sort of 3 pm sunday afternoon generally the 5th or most go these are the headlines

here's a thought experiment and a bit of a prediction for 2020 going back to saudi aramco aramco as it went public just recently at a market valuation an excess of $1.00 trillion dollars i think at one point was worth 2 trillion dollars i think that we're going to see them make a hostile buy of a company maybe facebook for example and it could be the 1st trillion dollar hostile raid in history because they've got the balance sheet out if you've got a 2 trillion dollars balance sheet that means you've got you know the ability to borrow another trillion so you've got a 3 trillion dollar war chest if you go after an apple or even a berkshire. to wait 5 or $600000000000.00. and then they. hold the american market. they've got the balance sheet now they want to diversify away from oil and gas and i think we're going to see in the next 6 to 9 months. iraqi lawmakers passed a resolution calling for the removal of foreign troops from the country including the u.s. led coalition lie reaction. that both america's assassination of around the most powerful general in our strike on baghdad internat

saudi arabia. annmarie hordern is on location. you have got this gathering. the international technology conference taking place. has beenman of aramco making comments. saudi aramcosays oil has missed some serious competition. it is safe for the moment. this is bloomberg. ♪ manus: "bloomberg daybreak: europe," i am in dubai. nejra: i am nejra cehic. here is what you need to know today. manus: let's get this set up. everybody needs to know a little bit about ubs. a fairly big year for the offshore chinese bond issuance in 2020. the asia-pacific head of investment banking. he spoke to bloomberg. >> people have to be realistic typese after the we work of issue, investors will be more cautious. they will be buying anything and everything. with that, the companies will definitely come to the market so we are very hopeful. manus: tom mackenzie has been on the ground. he is our china open's coanchor. good to see you this morning. progress in terms of opening up the financial sector, myth or truth? tom: it's true. this is one sector where there is concrete evidence that things are moving forward. the timetable has been outlined by lawmakers and officials, policymakers, a

in 2012, they showed an attack on summary aramco and no one -- saudi aramco, and no one thought they would use that attack again and four years later they were able to attack a broader swath of saudi assets. we have seen smaller attacks that are more incrementally sophisticated in their technology and the way they are using it. that indicates their program is getting stronger. the trouble is understanding what they are capable of and so i guess we will really know what they are capable of when we see what they're capable of. scope, dor size and you have an estimate for the economic damage this could cause on any one corporation? is costingage breach a company $4 million. looking across the vulnerabilities, i don't think they will stick to traditional errors. they are looking at where is the vulnerability and the greatest impact. their sophistication allows them to scale to some of the smaller areas. maybe not the big ones that immediately come to mind. i think they're looking at all options across different industries in the united states. to make access they can act on today or tomo

saudi aramco facilities were bombed by iran and oil markets were in turmoil because of it. how about saudi aramcot is the status of that state-owned oil prize entity and what exactly is the reaction from them going to be if the further iran tensions lead to spikes in prices >> this is going to be a fascinating conversation as we move through the nextfew weeks what we've seen, of course, is the stock has shed something like 11% of its value off its high when they ipo'd initially i think the high was on wednesday following that listing. to date aramco has shed over 200 billion in value since its peak december 16th. now today they're off by 0.5%. looking at that as a bellwether, if you will, for the sentiment in this region, when i sat down with his royal highness a few weeks ago at the opec oil meeting, i asked him specifically about the security of aramco. nbc found intelligence and confirmed intelligence suggesting short-range ballistic missiles were placed in iraq by iran and those had range well within reach of aramco facilities without saudi arabia. he tells me he still feels they're security,

saudi aramco suffered one of the worst cyber attacks in history when $35000.00 computers were partially wiped or destroyed by hackers now while the decline has like almost $200000000000.00 on the company's market cap saudi aramco shares are relatively insulated from conflict as many of them are held by government institutions and regional investors who are less likely to sell the company now continues to lean heavily on friendly local investors to uphold its bloated valuation. now joining me to take a deeper dive into these topics and to give us a broader scope of how markets are reacting we're happy to be joined by peter schiff of europe a summit capital and how tall is above the trading thank you both very much for being here so peter with you gold and oil now are are spiking for very different reasons what do you think is the better has right now to this geo political crisis such as iran gold or or oil or maybe just simply u.s. treasuries. well 1st of all both gold and oil were moving up before the recent iranian incident so i think those trends are simply continuing i think there is a higher risk premium now being built into both gold and oil for a good reason and i think that risk premium is going to be t

saudi aramco suffered one of the worst cyber attacks in history when $35000.00 computers were partially wiped or destroyed by hackers now while the decline housewife almost $200000000000.00 from the company's market cap saudi aramco shares are relatively insulated from conflict as many of them are held by government institutions and regional investors who are less likely to sell the company now continues to lean heavily on friendly local investors to uphold its bloated valuation. joining me to take a deeper dive into these topics and to give us a broader scope of how markets are reacting we're happy to be joined by peter schiff of europe a civic. above a trading thank you both very much for being here. so peter let's start with you gold and oil now are are spiking for very different reasons what do you think is the better head right now to this geo political crisis such as iran gold or oil or maybe just simply u.s. treasuries. well well 1st of all both gold and oil were moving up before the recent iranian incident so i think those trends are simply continuing i think there is a higher risk premium now being built into both gold and oil for a good reason and i think that risk premium is going to be there for at le

energy giant overseas, not participating is saudi aramco went public back in early december the stock hitting a fresh low today. since its ipo. saudi aramcod middle east tensions wolf, back to you. >> thanks, mike. interesting transition today oil softened during the session. not sure if it's a direct like for like -- >> i think both with defense stocks moderating their move, oil coming down, now gold is up, but in theory it's getting stretched. it seems like the reflex on last thursday's news, that reflex response is moderating a bit when it comes to the exploration stocks, though, new york american focused. >> bingo, so sure, we might have some interruptions, but here we have higher prices and continuing to pump in north ameri america, and there's an expectation if you see sustained higher prices, that the u.s. producers could potential be the biggest beneficiary. >> no question about it. the u.s. -- remember the days when oil went up, the u.s. got a cold or pneumonia. not anymore, because we're producing so much oil, there's a lot of positives when oil prices go up. >> sure enough >>> well, another group that has moved because of energ

saudi aramco has netted $3.8 billion from its record ipo. the company that went public in riyadh, saudi arabia, last month used the green shoe option to sell more shares to meet investor demand. aramco below where they traded on the first day of that ipo again, just unchanged in saudi trading. >>> still to come on the show, we're live at a major energy and technology conference in the middle east where our own hadley gamble sat down with saudi arabia's energy minister, the ceo of exxonmobil and many more. some key takeaways from that big conference coming up this is the age of expression. everyone has something to say. but in a world full of talking, shouldn't somebody be listening? so. let's talk. we are edward jones. with one financial advisor per office, we're built for hearing what's important to you. one to one. edward jones. it's time for investing to feel individual. >>> welcome back to "worldwide exchange." i'm francis rivera with your news headline. >>> the trump administration is reportedly planning to start denuclearization talks with north korea. the administration has reached out to the north koreans after talks stalled out in october. >>> millions of americans face a d

saudi aramco were down about 1.7%. choppiness toarre some of these numbers. what do you hear from traders? reporter: it was not a massive decline with aramco yesterday.closed one .7% lower, which was less than the decline from the saudi to dow index. -- politics plays a big role. the company was a target of drones and missiles as it was developing, moving forward with its ipo. at the same time, investors who hold the stock, who are mostly locals, they are not used to this. this is not news to them to a certain level. adding to that, oil is climbing today. we mentioned several times during the show that brent is trading over $70. this is very good for aramco. it would not be surprising to see the stock performing better today than we saw yesterday. tracy: sort of a natural hedge in for saturday aramco. thank you so much. that is our goal for equities reporter. let's turn to palladium. it is extending a record run. gold is also at a six year high, with geopolitical tensions driving prices higher in an environment where looser monetary policy was already giving it a boost. let's get more from our reporter david stringer. walk us through the prospect for

mega-saudi aramco deal, they said that there was possibly some good news on that front, or some progress on that front? what they told us was that there are making very good progress in saudi aramcomment on the specific timelines on this deal. there will be a definite agreement that will be signed by deal needsthe large to be done. kind of at seen a completion done by march, but we could see some kind of an agreement being entered by saudi aramco and reliance. that's what the cfo was telling us. juliette: thank you so much. india's markets have just opened for the week, let's say -- let's stay in mumbai. what to expect from today's session. we saw equities outperform last week. we talked about the big rally in asian stocks as a whole. it looks like india is joining in the buying party today as well. morning, yes india is joining the rally that the other asian markets have been witnessing. it was in the opening session itself that's trading very close at 12,400. syntax is back above the market 42,000. of course today's rally would be driven by the heavyweights of tcs two. nifty bank on the other side, which underperformed last week fell by 1.5% and is seeing positive trait in the

saudi aramco pulled back on this news, too. even though many of those countries are enemies of iran, they are now waiting to see if any retribution takes place on their soil. >> yes if saudi aramco is attacked again, it definitely hurts the saudis, right. it hurts us less absolutely, that stock should go down i would also add, though, it's done nothing but go down since its ipo because it was a sham, right? it's a bs idea. >> walk through what you see the iranians attacking us or our interests. and what -- and how that plays itself out. >> nobody knows. >> i know. i'm just curious as somebody who spent a lot of time - >> i've only been to iraq once and iran once. i'm no expert like richard engel, et cetera i'll say this, when i see what happened with general soleimani, he's in charge of the quds forces for 20 years. what do we know about organizations that have the same person in charge for two decades? what do we know about their succession planning? it's probably not very good. the number one and number two guy are dead now what's happening behind the scenes, i don't know for fact but what i assume is everybody is trying to climb over the spoils there are probably ten differen