will it be uae? ? saudi arabia? ? and saudi arabia. uae is often ahead.he rest of the year, i would expect more activity to someing of uae and transactions which are already in the market being announced and closed. rishaad: we talk about cross-border. not just regionally. what about other parts of the therelooking at targets among the gcc countries --is that a no go? >> we are seeing some of this. differential between emerging markets and developed markets is at a very high level. and the middle east is an area where we see a relatively depressed the ua should relative to western europe and the u.s. we see some of that but there are still obstacles for cross-border acquisition. some are regulatory related. there is a scarcity of good are large enough that would make them attractive for big international companies. by good companies, we mean well-managed, well governed which would be attractive enough were a top global player to pay out for them. rishaad: great talking to you. a look at the first word headlines. the world's richest person has hit a new hi

>> the two countries which lead the activity are the uae and saudi arabia. the uae is often ahead.he rest of the year, i would expect more activity to be coming out of the uae, and hopefully, some transactions already in the market being announced. yousef: absolutely. when i talk about cross-border, i am not just talking about regionally, but what about foreign moves from other part of the world looking at attractive targets there amongst gcc countries, for instance. is that just a no go? >> we can definitely see some of that. as you discussed earlier in the show, the valuation differential the twin emerging markets and developed markets -- between emerging markets and developed markets is at a high level. in the middle east, we see relatively depressed valuations compared to western europe and the united states. we see some of that, but there are still obstacles to some of this cross-border valuation. some of them are regulatory related. there is a scarcity of good companies of large enough size that would make them attractive for big, international companies. by good companies, w

yousef: you mentioned that some of the risks that the uae is facing.ed are you about this exposure? monica: within the region we think that the uae is working on the best situation. they are working on reserves in the region. you have a very small population to the price of the oil reserve. also there factors of oil prices in a week. is global demand environment showing weakness. the combination of a more diverse economy and the stronger reserves, we believe that the uae is in a strong position. especially compared to the investment program. continuously broadening of the economic base and the economic capacity. so we at a number of areas to support as well. yousef: does that change your outlook for economic growth? monica: we are seeing the impact of the lower oil prices on the global demand. following the brexit vote, we did lower our growth forecast due to the weaker gdp numbers. the importance of british tourists to the region. yousef: thank you very much. rishaad: it for this edition of bloomberg markets middle east. e anna: wti stabilize, falling

apart from the uae? fabio: the bright spot in the --ion yousef: we will leave it there.t is hard -- that is how far we can go. bullish on his home turf. as saudi arabia's economy struggles, there are words of comfort from the imf. yousef: the top stories. halturge came to an abrupt in u.s. trading as better-than-expected jobs numbers gave the dollar a boost. it has been a volatile past few days from -- for oil. closed belowl -- $40 a barrel on tuesday. the pboc foreign-exchange trillion for3.2 july working a drop of just over the previous month. line's data is more in with estimates. gameszers at the olympic have apologized to fans stuck in massive queues on the events opening weekend. thousands of beach volleyball supporters stood in lines of up to two kilometers while fans were left waiting in temperatures of 30 degrees celsius. the opening ceremony, a shortage of security scanners meant weights over an hour -- waits over an hour. expects the saudi budget deficit to narrow to just 10% of gdp in 2017. a fiscal adjustment is underway. what is the significance of this? if

you see that flowing into cutter -- qatar, the uae, benchmark markets. is not on any benchmark. it has really underperformed in the last couple of months. i am not saying saudi is due to outperform, because it has long-term issues, but i think there may be in the position inflow -- an equalization inflow between the uae and qatar. manus: we put a chart -- yousef: we put a chart on the bloomberg showing how saudi arabia is performing compared to dubai stock. dubai at 110, saudi arabia around 86. under performing not just dubai, but many of its peers around the world. why is that? sending arabia has been the right signals to the market, why has the market been performing as it has? guest: it's been saying the right things, so certainly the commentary from saudi officials in the past year about wanting to reform the economy, and obviously that's long overdue, the subsidy cuts that they introduced late last year, these are good things for the long run, but they are not necessarily good for saudi companies and banks in the short run, because i think a lot of

whether you're looking at the saudi currency or the uae. the pressure is off to do that. the commitment we got from central bank governors is that it's here to stay. from the borrower's perspective is a lot of entities in this region the need to going to the markets. paper looks very attractive to investors. if you allow middle east investors to look into cheap funding you are borrowing at pretty low rates right now. if you are corporate in the uae you can tap the international bond market at a very attractive level. if you can lock that in for five or 10 or even 30 years through the bond market that is very attractive right now. is a win-win situation. yousef: thank you for coming on the show this morning. the first gcc equity fund is gearing up for launch. how much interest is in generating from international investors? we'll find out next. yousef: you're watching bloomberg. rishaad: there the latest business headlines. it is having a slump in earnings. the dip in securities and commodities training shows up and tried china as well. the exchange is deferring for staff l

there have been some bullish moves on the uae markets.al institutions usually like to play those markets together. we could be seeing a continuation of the strategy going forward pushed by news like this. that may help keep momentum we have seen for the past few weeks. haidi: notwithstanding more opecric to end fro from ahead of this emergency meeting, where do you sit on energy stocks? asian energy stocks in that sector are hitting a one-year high. nine out of 10 sessions, we have seen gains. is it time to get in or time to get out? >> i think the energy sector in general is in a comfort zone. nearrices we talk about, $50 now, probably in the range of $45 to $55 for a couple weeks, i think that will become trouble for the energy sector. unfortunately in the gcc, saudi arabia, you see it effects of those movements of oil prices on their shares. i do not think they are neutral in their effect on the shares. internationally, we are seeing the shares go forward. the bad times are the fears on energy structs -- stocks. those are diminished. u

yousef: if you could let us know your top choice apart from the uae. am not as pessimistic the politics is. if you look at the politics, you will see the gulf that you wake up in the gulf and hear the same stories for the past 30 years. ever since i started building aramex, everyone ask me the same question. this is a turbulent region, what will happen, but always the same stories, oil price goes up, oil price goes down, you need to build a robust and flexible organization to live through the relative busts. saudi arabia is a massive market, evolving, changing, and one needs to bet on it. come on thel to program, the struggle for stability in tunisia. lawmakers tried to form a new government after firing the prime minister over economic worries. we will get you all the details. this is "blommberg markets: middle east" ♪ manusyousef: welcome back. this is "blommberg markets: middle east". tunisia forming a new government after firing the prime minister for a lack of economic growth. just give us a sense of the political shockwaves that the latest of ele

back of that, the uae central bank has been adding to its gold reserves.one last year -- that was last year. it has slowed down a lot this year. do you expect them to get back into the market at these price levels? guest: i think central banks enter a gold is not dependent on the price. it depends on their strategy and diversification. whether gold is 1250, 1350, or 1450, i think the decision to add to reserves would have been taken already. we will have to leave it there. always a pleasure. still to come, chinese airlines need to hire 100 pilots a week for the next 20 years to me travel demand, and that has captains cashing in. we will have the story for you next. this is bloomberg. ♪ yousef: welcome back. you are watching bloomberg. rishaad: having a look at hong kong's murky airline. cathay pacific has had a time since it came out with numbers, dropping 10% since wednesday. cap a's profit has fallen more than 80% on a struggling at the moment. hasprofit fallen more than 80%, struggling at the moment. it is a difficult time globally. >> yes. trouble.eing

so prisoners are transferred to the uae. the number in custody down to 61 from 242 seven years ago. recent report shows a dozen former detainees may have returned to militant groups. with me now, lieutenant colonel thomas mcinerney says this decision is putting american lives at stake. this decision has always been blocked by congress, and as a result these releases have to be coordinated with another country. what does that mean logistically and for our safety? >> well, deirdre, we are putting known radical islamists back in the battlefield that are endangering our future women and children because 30% of them have gotten back into the fight. of these 15, for instance, 56 them will get back into the fight and potentially killing our sons and daughters. now this is aiding and abetting the enemy. i have a huge problem with it. it is not the right thing to do, and i do not know why this president and this administration continues to want to do that. that's a very serious charge, aiding and abetting the enemy, and it makes no sense. deirdre: well, with amnesty international, that put o

president obama ordered that 15 detainees be transferred out of the facility in cuba and transferred to the uae. in the last year 55 have been transferred to over a dozen countries. the country pongs there is down there were 242 when president obama took the office. >> a man is arrested in connection to one of the wild fires burning in northern california. the sheriff in lake county, california said a 40-year-old man was arrested and facing 17 counts of arson. the fire burning north of san francisco destroyed 175 homes and businesses and caused $10 million in damage and left >> a seventh person is found dead in connection with the flooding in and around baton rouge, louisiana. a man in his 50s was found near a library. the heavy rains started on friday. 11,000 people are in shelter this morning. two thousand people are staying at a film studio. >> at the olympic games in rio, the games in the men's pole vault. american sam kendrik's took the bronze. americans lauren and simone winning the silver and bronze. in basketball, the u.s. women's team japan later in the day. now to the medal count. u.s

how did you end up in the uae? christopher: my father refused to me in joining the business.e? if anyone should take over the business, it should be me. he told me if i was going to join him in lebanon, i would only learn the same mistakes he did and copy what he had done. to get fresh ideas. i thought it would be a good idea to continue my education at the time because he had done his masters and i wanted to do that as well. right before i had to go to new york, i went to dubai and it was being built from the ground up. i told myself -- why would i want to go to new york where the city is already built, if i could go back in time and see a city being built from scratch. haslinda: he said opera -- you said that opportunities were falling from the sky. christopher: it was still there barren. it was not fully filled. it was not occupied. i saw a place for me to answer a market from the beginning. one of the hardest things is market penetration. that gave me a big step over my competitors to start. that is how we were able to take over a lot of distribution from the beginning. d

they promised to hand over secrets about torture in uae jails if he touched the link. >> i noticed the messages immediately and basically pushed all the alarms to me because, i've been targeted several times with spyware. josh: researchers found three falws in apples -- flaws in ap ple's code. hisyou touch the link, messages and his apps could have been instantly access by the attackers. researchers believe the hack was written by an israeli cyber war company. it's highly valued among hackers and carries a hefty price tag. >> these exploits are very expensive. we saw a similar type of exploit last year for $1 million. nso group denies any knowledge of the incident, but apple encouraging customers to update or operating systems as soon as possible. the software company has recently started a bounty program to reward hackers who find vulnerability in their codes. >> janet yellen has voiced optimism about the state of the u.s. economy but declined to set a timeline to when the central bank may raise rates. the chief at the federal reserve said an improvement in the labor market and modera

uae authorities said through social media that all passengers were evacuated and there are no reports of injuries. we'll keep you updated on this story as we get more details. >>> protesters rushed the stage at an electoral meeting in hong kong on tuesday. they were protesting a ban on six pro independence candidates from taking part in next month's legislative election. [ yelling ] the electoral affairs said last month they have to agree hong kong is an inalienable part of china. >> translator: we are completely outraged. we are concerned that the government will continue to destroy the institutions of hong kong. >> the disqualified candidates plan to hold a protest in the run-up to the september 4 election. beijing has denounced the pro independence movement as a way to split the country. hong kong has declared autonomy from china. >>> many asian investors are worried about the long-term fallout from britain's vote to leave the eu. but some are celebrating. they say tee it as a rare opportunity. >> reporter: people in hong kong heard the news of the brexit vote and rushed out to ban

i think the least we could have done was say to the uae, okay, you can have these people, but you have to give us a $400 million ransom. >> you're referring to the iranian deal. all right. carrie, what do you think? >> to bruce's question on public opinion, the muslim world by far is very opposed to islamic terrorism and is opposed to this very extremist mentality. somehow you think, bruce, by subsidizing this behavior that's going to help us. the rest of the world despises it including the muslim world. muslims are the biggest target of islamic terrorists. i think you're totally wrong, bruce. the fact of the matter is -- >> no, let me -- >> go ahead, bruce. >> let me defend myself here. first of all, okay, they're using these people as -- they say, hey, you've got them captive, you're holding them without trial. they're used as a terrorist recruitment tool. and the other things is, a lot of the conservatives always saying, you know, why don't the allies step up. the arab emirates, they're taking these folks, taking them. what are they going do with them? trump's people would say they'

what happens, according to your reporting, to these detainees once they get sent back somewhere like uae? reporter: the same thing that has happened to other detainees, confined in a sense in terms of how they travel and communicate with people, certainly for the first year, on this probation period, and then they are able to travel and communicate much more freely. the worry is that some of these will embarrass the u.s. by reentering militancy. as has happened. katty: after this release was announced, there does seem to be debate in the u.s. on the figures of recidivism. are we clear on how many of those who have been released in the past have returned it to jihad or extremist action? reporter: they are talking about 5% of people who have been released from guantanamo who have reentered militancy and rejoined militant groups. that is what the government is saying. there are those in the opposition who are saying that it is much higher than that. that is what is being talked about. there are those within the government as well as president obama saying that just threw it symbolism, it is

the countries, saudi arabia, oman, uae, as you mentioned have taken between them close to 40 some odd yemenis, because yemenis can't go home. they're neighboring countries, arabic speaking, culturally familiar. they spent, i would say, a year engaging with the gulf cooperation council countries and asking them to step up and help obama out to take these men who can't go home. these countries have what they call rehabilitation programs. there's -- people leave guantanamo and they go to theed countries. they're not walking the streets of abu dhabi, they're not in moscat, they're in detention rehab centers, where they're supervised. they go through a process that's meant to evaluate what they can, should, and would do once they're let out. maybe halfway house style living. there's been some effort in oman to bring families, so they can have family visits to help them get on to the next thing after 14 years in prison. in some instances they sent wives. these were men, in many instances, who were captured in pakistan and afghanistan 17, 18, young 20s who had run away from home or left yeme

he released 15 and send them to the uae. it's the largest during the president's administration. some have been get more for more than 14 years. the pentagon says they have only 61 left. the president held 800 men. >> well done teresa. >> about the humidity. they could be hot but it least it's not horrific. >> the humidity is waiting for you. that's what's happening. >> coming back to train up? x it is a condition. physical fitness stuff because i would overheat. >> i am confused. >> i am not a freak. you are looking at me like i am. >> the record high as 96b0. it will be warmer than normal. 76b0 in islip. the sun is still not quite up yet. the dew point is still 74b0 in islip and puts you in the oppression range and we have to talk about that every once and a while. we do have a mainly dry sky. there is a warm front coming through. a lot more to the west of us and we have a good shot coming at you later this afternoon. the high temperature comes up to 90 later today and tomorrow should be more dry. generally speaking they should come in early next week. at that the itunes store

still to come, how the uae looks to get a sovereign credit rating. we will also get the latest pmi numbers. an economist will be with us next. >> there are breaking news to bring you. released pmi figures. let's get you through those numbers. .t is a 55.3 for the rest of the region, ,here is a slight bounce and finally, egypt had the pmi coming in and this is a slight rise from june. this division appears to be deteriorating. let's get some more perspective on this with the senior economist. there is strength in the numbers and it is a surprise, in light of other data. >> our takeaway was that it increases inwe saw output and growth. headlinesook at the and compared to other emerging markets, it shows a steady pace .f growth isyou can see that egypt here and you have the overall trend appearing to be decelerating. and we arethe trend going to have to see the rest of the second half of the year to determine if it is just a blip. it is a useful reality check on the sentiment of the region. if you have spent any time in this region, you know sentiment t

the other negative of a strong and dollar is on tourism the uae.ould see some headwinds coming in from there. regional markets will be influenced by what is happening internationally. yousef: a good turn for allocations going to bank stocks. is that a temporary play or do you believe these banks have strong fundamentals that would make for a long-term rewarding trade? >> currently, we have a significant way to financials in general and to banks in particular. those stocks where we see robust and cash flow, yields are high, we are focused on banks which have the potential for yields. offer good value. there are a few banks in saudi we have indicated on the back of valuations. we have seen a massive correction in saudi banking stocks and we are looking at the stops there. let's get some breaking news. entertainment -- coming in at $2.3 billion. more than estimates. dollars.on yo we will get more details as it comes but that story is huge in asia. long-term oil contracts are becoming rare. how are international companies bucking the trend? this is blo

yeganeh, his wife and a fellow journalist, works for the uae-based newspaper the national. this is their city, tehran. the official attitude towards fun in general seems to be ever shifting. how, is fun even a good idea? >> jason: um a lot of push and pull. a lot of give and take. when i first started coming here, you wouldn't hear pop music in a, in a restaurant, or a -- >> anthony: right. >> yeganeh: it's everywhere now. >> jason: now it's everywhere. >> yeganeh: we have police, they arrest girls, or women, for having bad hijab or not being covered enough. but, it's not that we live with the police in our head, you know? ♪ >> anthony: you know, one of the first things that people will say, when you say, "well, i'm going to iran." "oh you're - but don't they make women do this, this and this." >> jason: yeah. >> yeganeh: mmm. >> anthony: actually, not so much. >> jason: yeah. >> anthony: not as much as our -- >> jason: friends. >> anthony: friends. >> anthony: compare and contrast, women aren't allowed to drive in saudi arabia. >> yeganeh: that's right. or vote. >> anthony

and we will cover updates from the uae real estate developer.e here for thie manus: williams is ready to hike. a san francisco fed president once they are waiting to lung and risk high inflation. -- are waiting too long and risk high inflation. oil holds steady, ready for its biggest weekly gamin since m arch. south africa's richest man weighs in on the brexit. he says it is a mistake in an exclusive bloomberg and review. -- in an exclusive bloomberg

the economy is much, much lower than the uae economy. i think the forecast by the imf is 1.2%.think slower still. the dubai economy is growing faster. there's definitely a gross divergence. i think there is impatience inngst investors to change saudi arabia and now that the transformational plan has been announced, i think investors want to see the start of action and development on that land. see saudi banks being particularly vulnerable right now? we discussed this last week with decision-makers, and again, based on the data you are seeing and we are all seeing, is there reason to be concerned? arabia monetary agency would not be able to provide the kind of liquidity measures to ease those constraints? tarek: i think concern is a stronger word than i would use. if you look at the loan to deposit ratios, they have been trending up fairly sharply in last 12 months. saudi arabia has become a large net borrower. so you see the private sector in is having difficulty raising capital, and the capital markets, frankly, have not developed enough to allow them to find alternative sourc

speak to any specific conversations president obama had with senior officials in the uae. i can tell you that in other ,iscussions with world leaders they talked about how much the united states appreciates the support and friendship we have received from other countries that have agreed to bear this responsibility so we can make progress in closing what on a mowbray -- guantanamo bay. trying to empty out gitmo before the end of his term? >> he is still aiming to close guantanamo bay by the end of his term. any consideration given to suggesting the president not play golf on the same day a republican candidate was going to louisiana? >> not that i'm aware of. president was focused on the federal response. after this just days flooding started, the president was on the phone to talk to him about what support the government could provide. the president informed him in the phone call he was prepared to issue a disaster declaration. that,t a day or two after the president sent his secretary down to see the damage firsthand. and after each of those visits, the president got a p

these countries, saudi arabia, uae, have the rehabilitation programs.le are not walking the streets of abu dhabi. is why the detention rehab centers, where they are supervised, and they go through this process that is meant to evaluate what they can and should and would do once they are let out. maybe a halfway house style living. there has been some effort, certainly in oman, to bring in families so they can have family visits, to help them get onto the next thing after 14 years in prison. in some instances, they sent wives. these were men in many instances who were captured and pakistan and afghanistan 17, 18, young 20's who had run away from home or left yemen to either join the jihad or in some instances, they say they went there to study k now or learn koran, and they are 14 years older, getting , and they havemo said they want to move on with their lives. they want wives, families, careers, and so these programs in the gulf are designed to help them get to that next step. apartment, wives, jobs. carol rosenberg, i know you cannot see it, but we ar

they really hit home for a lot elected, won't except any more foreign donations from saudi arabia, the uaes the difference, how many millions are already there. >> she doesn't criticize their bigotry wards women, gaes, lesbians, and christians -- >> if they take the money, they buy her silence. >> great to see you, thank you, sir. >> i'm asking for the vote of every african-american citizen struggling in our country today, who wants a different and much better future. >>> donald trump slamming democrats for failing african-american voters. we will check in and more on the special edition of "hannity" straight ahead. >>> welcome back to this special edition of "hannity." donald trump reached out, a lot, to african-american voters. >> we do a direct disservice to poor african-american residents who were hurt by the high crime in their community. a big, big unfair problem. i'm asking for the vote of every african-american citizen, struggling in our country today, who wants a different and much better future. . it is time for our society to address some honest and very difficult truths. the de

yesterday that hillary clinton, if elected, won't accept any more foreign donations from saudi arabia, the uae what's the difference? how many billions of dollars in the clinton that's already there? she doesn't need more. it's more than any ten families could earn in a lifetime. >> of course she doesn't criticize their bigotry towards women and gays and lesbians and christians. >> why would she? it's not part of the narrative. >> she takes the money and they buy her silence. >> it's sad. >> good to see you, brother. and coming up. >> i'm asking for the vote of every african-american citizen struggling in our country today who wants a different and much better future. >> donald trump slamming democrats for failing african-american voters. we'll check in with ebony williams and james harris, they're here to weigh in on that and more on this special edition of "hannity" straight ahead. you both have a perfect driving record. perfect. no tickets, no accidents... that is until one of you clips a food truck ruining your perfect record. yeah. now you would think your insurance company would cut you

technical bottom but you have news as far as iran to regain market share and members of the act like the uaeking to increase production by 500,000 barrels a day. i think you have a combination of factors weighing on things today. david: we have a great resource to see what opec is up to and what news is coming out of that cartel. saudi arabia counting for most of the production. things settling down there a little bit. let me ask you about the prospects for this informal meeting on the schedule in algiers. what is the likelihood of that happening in having been through this several times, what's the likelihood we will have something come out of it? low andhe likelihood is the market is moving toward that end of the spectrum. you have saudi arabia, iraq, iran, everyone vying for market share, looking to increase out put. everyone believes they are going to come to an agreement reason output. closer toh iran is their target, the rhetoric so far has been nothing but increasing out put. vonnie: what the consensus around where the fair price of oil should we in the next six months? the energy age

they are transferred to a uae. transferred to a dozen countries. the current prison population is down to 61, there were 252 when president obama took office. a 7th person is found dead from the flooding in louisiana. authorities say a man was found near a local library. the heavy rains started on staying in shementers this morning. >> at the olympic games in rio, brazil won their second gold in the's pole vault. america took the bronze. in women's gymnastic, the netherlands taking a gold on the ball beam finals. biles is going for a 4th medal today. in basketball, the women's team is beginning the play with japan later in the day. the united states is leading the pack 75 medals. 26 gold, 23 silver, 26 bronze. that is followed by china in second with 46, great britain with 41. the games end on sunday. >> traffic watch travel alert in the zoo interchange a ramp is closed eastbound 94 to northbound 41. to get around that closure, you can take hie one hundred to water plank road near the hospital. >> i will do that at least twice. >> yes. >> before yo

course we will be right here for the start of the trading week in the gulf sunday morning at 8:00 on uaen. do join me then. this is bloomberg. ♪ ♪ trouble, china's stabilization falters, factory output, retail sales, investment all slow. england stimulus leaves u.k. stocks more irresistible than ever. taking trump to task, hillary clinton rips her rivals economic plan, saying it would pull the u.s. back into recession. ♪ >>

they were followed by tourists from the uae, saudi arabia, russia and china.al tax rate shopping rose 7% in july. that is the latest bloomberg business flash. david: denmark's biggest pension fund is worried about some of the unprecedented correlations we have been seeing in markets. and bonds are moving up in tandem, making it harder to diversify. what happens when they stop moving together? let me ask how this fund is responding to this, how it is retooling its investment strategy. peter: hi, guys. it is the biggest fund in market -- in denmark. they basically need to prepare about half the population for retirement. so they are very cautious. they are looking at all kinds of different strategies, looking at investments. they basically changed the whole way they look at the investment just in the last year, breaking down into different factors instead of asset classes. this is something that really worries them all through the heart. david: just put into some context, how big a deal is this for them? how much of a retooling is this fund having to do? . peter

transferred to the uae. president obama of course wanted to close gitmo.officially close it, but he's trickling them all out. people think that this is a huge mistake, andrew. >> yeah. no, clearly there needs to be some sort of holding facility for people who are not pows but do not deserve all the legal rights. if they're picked up from battlefield raids or classified violence. charles: is this a mistake? >> it's a mistake. i've been is a i go for the past year if you want to win a sure bet, put a lot of money down that that prison, gitmo will be empty by the time obama walks out of the white house. that is a given. he is completely bent on doing that, and he will do it. charles: there's only 61 remaining. the raid has been amazing. they've gone back to kill americans and the administration has admitted as much, which makes it even more just tough pill to swallow. >> yeah. this is not a -- in any way an operational decision to empty gitmo. this is purely a political move. the rate as you point out, about a third depending on what numbers you point at. and

they really hit home for a lot elected, won't except any more foreign donations from saudi arabia, the uaehat is the difference, how many millions are already there. >> she doesn't criticize their bigotry wards women, gaes, lesbians, and christians -- >> if they take the money, they buy her silence. >> great to see you, thank you, sir. >> i'm asking for the vote of every african-american citizen struggling in our country today, who wants a different and much better future. >>> donald trump slamming >>> donald trump slamming your car insurance policy is 22 pages long. did you read every word? no, only lawyers do that. so when you got rear-ended and needed a tow, your insurance company told you to look at page five on your policy. did it say "great news. you're covered!" on page five? no. it said, "blah blah, blah blah blah blah blah..." the liberty mutual app with coverage compass™ makes it easy to know what you're covered for and what you're not. liberty stands with you. liberty mutual insurance. ♪ ♪ is depression more than sadness? ♪ it's a tangle of multiple symptoms. ♪ ♪ trintellix (vor

happened, but we heard that around 50 drivers were arrested and 70 cars were inbounded, and here in the uaeings work, basically these companies work for drivers, and then they can work for either company. it seems like both companies were a little bit shook up at this -- choke up why this. -- shook up by this. yousef: so where do they stand legally. by abur: it was assured dhabi of its legal standing, but it seems there is some vagueness. so far, the abu dhabi executive executivehe. did -- council did not give guidance. it seems this is not settled yet. maybe they are changing regulations or doing something, but so far they have not given enough on how things will change or why they have arrested so many drivers, and on what charges. angie: has this hurt their funding in the region? , for all theually kind -- for all the controversies these companies have faced, we are able to see they are getting big funding from saudi arabia. $3.5 billion was pumped into uber from the government of saudi arabia. also, we know that saudi arabia and women cannot drive. and a lot of them are starting to work

desk the uae favors -- looks quite favorable to gcc investors.ing the gcc states from the equation, what we found is london, new york, and singapore are the top destinations. what is interesting is for a location like london, traditional hotspots like mayfair,belgrade, etc., the starting price point is upwards of three of 4000 pounds per square foot. and in singapore if you are looking at marina bay, you're looking at 1000 200 pounds a square foot. the preferred global investment destination for investors from the region. yousef: what else has been fascinating -- a fascinating revelation, perhaps in contrary in play. somebody buying property in rio or somewhere in africa, south africa? guest: what is inresting about london is when we asked individuals to tell us where in london they are looking, southbank, and kensington were named. saying something like canary wharf was a little bit of a surprise. historically you would have expected it to be somewhat more traditional in the center of the city. we must remove that canary wharf is home to a signi

you close it down you send it to, what, uae? yemen? places where they're not going to be detained. the'll be going out and doing some dastardly things to americans and our allies. so it's a bad idea. >> both said that gitmo may well be a recruitment to all for isis. what do you make of that. >> i think that's an old and sad story. it's not that case. they hate is for who we are, the west. they hate us for our prosperity and they hate us for our christianity as a general culture. so, i don't buy that. think it's something the obama administration has hid behind. it doesn't hold up any water. >> bob, just want to draw your attention to something we're just learning from the defense department. they're say the u.s. navy fired three warning shots in the straits of hormuz on those approaching iranian boats. now, do you think -- this has just been release. do you think we should change the rules of engage independent the straits? >> hays has been going on off some on for years. the fast attack vehicles are operated by irgc, which are new the direct command of the grand ayatollah khomeini

that there are appropriate security measures in place, and in this one, you talked about 15 going to uae. this is a country now that is excessively accepted five other detainees almost a year ago, and that's gone very, very well. so we -- we recognize that there's always a risk here, and that's why we work to mitigate that the best we can by working very, very carefully to put in place security assurances. >> and i want to press on this issue of "very few return to terror." i want to return a sound byte from senator mccain talking about this issue. roll tape. >> individuals who are returned to the fight, estimates are between -- it depends on when they were released, but roughly 20% to 30% of those who have been released at least those early on, reentered the fight. >> now, john, senator mccain there was using numbers from mr. clapper, a very senior intelligence official. >> right. >> and again it's not very few who are returning to the battlefield. >> look, again, i don't -- i don't know it's going to suit us to debate and quibble over percentages here. again, the numbers that we user a

. >> reporter: uae ama, there's n much of a view.y eyes watering. the frequency of wildfires in this state means air quality will be impacted for longer periods of time. it's a busy summer day at heather farm park in walnut creek. nancy plays with her three boys but the smokey air makes the outing a little difficult. >> i get hay fever. so this bugs me a little bit. more congestion. probably a little more sneezing. just a little more uncomfortable generally speaking. >> reporter: the sky is hazy. it smells like smoke and the air quality has eyes watering and people sneezing but there's no fire burning around here. what's going on? >> the wind, specifically, has been drawing smoke into this area from some of the other fires in the state. most of this smoke is likely from the fire down in monterey county. >> reporter: smoke from other wildfires now lingers in the bay area prompting a spare the air alert. our abc7 news tower cameras shows a thick haze of mount diablo and other landmarks. he wanted to show them the iconic san francisco s

the father is from pakistan and the son from the uae. the media, you tell me whether they're in a glass house on this one. >> there is not a double standard in these statements. when you look at mr. khan said, he gave a statement and then, donald trump being the 5-year-old tweet-storm guy that he is, came out against this man, came out against his wife, insulted so many people, we're dealing with a child who is running for the presidential office. we have someone that can't control himself. >> why is mr. khan a hero but pat smith, they revolted just at seeing her? >> i can't speak about what people feel about her. she's on every other channel, every other day. people may be tired of hearing her message over and over. but the g.o.p. did expose her. they did use her as a pawn as far as putting her on the stage. >> if both sides did that, if you want to say it's politicizing a death of a soldier, both sides did that. steve? what are your thoughts on it? . >> i think they're both wrong. i think mr. khan's speech was the highlight of both pol

>> it was about the uae and also dubai.o with reactors in south korea. >> that sounds like gossip like. >> they treated this information like. >> wait a second, let's get to the important point here. look at the second part of the email now. this is a data point, kind of a clue in the email that tells you or reinforces the deal was classified at the time. you see this thing here that says declassify on 5/28/2023? that's 10 years to the day that it was sent by hillary clinton. this is more evidence it was classified at the time it was sent, not some time into the future. what i mean by gossip is loose with the information. >> i understand. the idea that she is not in the state department but she is sending around classified information and sending it to people also no longer. >> you are no longer at cnn. i know that. >> anyway, catherine, thank you. >> you're welcome. stay with "on the record" and fox news all night long. donald trump is getting ready to speak in phoenix, arizona. don't miss it. tropical storm slamming the u

the son had been living in the uae. eric, your thoughts on whether there is a double standard by the media. there's no question trump created a controversy for himself. but the media now all high and mighty about it? you tell me whether they're in a glass house on this one. >> no, there's not a double standard when it comes to the media and these statements. when you look at what mr. khan said, it was a concise, precise statement, and he gave his statement, and then donald trump being the tweet-storm guy that he is, came out against this man, came out against his wife. he's insulted so many people, and we're dealing with literally a child who ishe presidential office. we have someone who can't control himself -- >> but why was mr. khan such a media hero to some on the left, but pat smith -- she ruined the night, and they revolted just at seeing her? >> i can't speak to what some people feel about pat smith. one thing about ms. smith is that she's on every other channel every other day, so people may be kind of tired of

uae, ins a question in saudi arabia, what is the state of fiscal economics chuckled they have enjoyed barrel oil for a while. are they nervous chuckle how do they frame it? >> one, they are nervous, there is no doubt about it. they have been taking a series of measures to try to adjust the imbalances. they have a lot more offered to go with. they had been preparing for that. they have been pushing state level consolidation and introducing additional ways to boost revenue. in the kingdom of saudi arabia, with a much higher population and breakeven price, the pressures are substantially more. they have to move a lot faster. a lot of that ties into the national transformation plan. there is a lot of traction there. if you look at the equity markets, there is still a lot of reluctance from investors. tom: thank you so much. michael holland with us right now. rink at the chart, if you would, quickly. the white line is the price of oil. the orange line is the first national bank of exxon. come on. it has done great compared to oil. is that a good or bad thing? you look at big oil and say th

any worse than the uae that happens to the shia minorities? i don't think so. so there we are. ascii about the president not getting involved assyria with those special forces and as far as i know peshawar as sadr is recognized by the u.s. says the iranian power with approval by the syrian government the areas in there with approval and then the group from lebanon they are there with the approval but we are not. the president put 250 special forces casually? no. the world does vides the devil to you if you think the number of american troops into iraq is three 1/4 thousand they announced time telling you this four or five times that amount if you killed the pilots or the crew from the ocean. so that is not telling the truth to the people and that is sad but on the other hand, i don't think he will be the brightest president for the next 50 years. >> that is a lobar but thanks for your time i enjoyed the discussion is there then kinky is a genuine patriot fans saw some anything's going on that he manipulated he said something to the effect if we don't do this now will be too lat

do you look at uae as a strong nation that can buttress up against japan -- against iran, kuwait, saudia real independence? edward: clearly they rely on u.s. security. aey cannot stand up against country that is larger than them, as iran is. what they are a protected entity that can flourish, doing what they do to further the economy. francine: we have been reporting about the increasing difficulty of saudi arabia, spending cuts hitting the middle class. do they still have plenty of cash? that is the bottom line, only if they have plenty of cash, that this new generation can actually stir the economy into something else. edward: so far the spirit behind oil seems to be working. glass is more half-full than it is half-empty. gone into the markets to issue debt. it looks like that will be successful. they can reach their targets. they had done some interesting experiments. they have started charging for gasoline and diesel at close toy -- at levels world levels. they are charging for electricity in a meaningful way for the first time in history. that has gone down relatively well. when it

they were followed by tourists from the uae and saudi arabia.and china round out the top five international shopping in the u.k.. it rose 7% in july. pimco is concerned about a slowdown in china's real estate market. it is turning cautious on chinese property bonds and has reduced its exposure. last week, china said new home prices rose in fewer cities last month than in the month before. david: it is time now for our bloomberg quick take. jets seems of jumbo to be fading. the boeing 747, the model that opened intercontinental flights 40 years ago, is being overshadowed by twin-engine aircraft's that burn less fuel. the plane makers have struggled to sell giant aircraft. their fate rise for now on single customers. the a3 80's fortunes are tied to emirates. the plane maker decided in mid-2016 to more than half output, 12 jets annually within two years. without fresh interest in the 747, boeing may have to end the program. toew fleet is expected appear in 2023. thehe 1960's, they created 747 to cross oceans and redefine luxury. airbus built its h