sebastian: investors, economists, and policymakers offer guidance in a time of financial turbulence. >> i think the odds are 80% we will have a recession. >> the oil price decline is very good for india, good for china. liquidity, three months, six months, nine months, people will go bankrupt. sebastian: that is all straight ahead on "bloomberg best." hello and welcome. and this isn salek your weekly review of the most important business news, analysis, and interviews from bloomberg television around the world. let's start with a look at the top headlines. last friday and talks between saudi arabia and russia as oil output cuts collapsed in vienna. opec officials say they will work toward a deal, but the kingdom announced it would start pumping more, leading to an uproar when markets opened monday. implosion ofmic confidence in the oil market, in equity markets. for the oil market, the biggest one-day plunge since 1991. >> a significant breach between saudi arabia and russia. talks broke down very badly last week, and over the weekend, the saudi's have escalated. pump 10 they can million, 12 million, big increases. they clearly want to punish russia for what they see as being disappo