in the middle east. we have to make that clear and then you have to back it up. and if you do that they will respond. that's the way you deal with them. if you're not tough with putin, if he doesn't understand where the lines are he will continue to take advantage of you. reas very important for the united states to make very clear that there are lines he cannot cross. both in the middle east as well as in europe. >> how do you think the administration is doing with russia? >> not so good. i think you have to make -- you have to make those points clear. we know what russia is up to. what they tried to do here in the united states and trying to impact our election process. a cyber attack on the united states. let's face it. this was a cyber attack against our most valuable institution which is the right of an american people to exercise their right to vote in an election. they tried to go after that. we're trying to determine how extensive it was and how to avoid that in the future. you have to send a cle

middle east. the middle east has a number of threats. we've got failed states coming out of arab spring. between syria, which just is in the middle of a continuing civil war. we have yemen, we have libya. other countries that because of their failure, become crucibles for the development of terrorism. and that creates even greater problems. so instability, failed states in the middle east, we're certainly concerned about. but we're concerned about terrorism and the threat of terrorism. isis, you know, we have had some success in dealing with isis and the caliphate, moving them out of mosul. moving them out of the areas in iraq that they had conquered, as well as raqqah now. but by no means is isis going away. and the worst thing the united states could do is declare a victory and then not confront isis. in other areas. so dealing with isis, isis fighters. they are very likely to now engage in insurgency and we'll see elements of isis not only in the middle east but north africa as well. and so isi

yousef: that's it for the "best of bloomberg markets: middle east." a busy week ahead in the region and we will be right here at the start of the trading week in the gulf sunday morning on bloomberg television. i'm yousef gamal el-din. do join me then. this is bloomberg. ♪ is this a phone? or a little internet machine? it makes you wonder: shouldn't we get our phones and internet from the same company? that's why xfinity mobile comes with your internet. you get up to 5 lines of talk and text at no extra cost. so all you pay for is data. see how much you can save. choose by the gig or unlimited. xfinity mobile. a new kind of network designed to save you money. call, visit, or go to xfinitymobile.com. jonathan: from new york city, i am jonathan ferro. with 30 minutes dedicated to fixed income. this is "bloomberg real yield." ♪ jonathan: coming up, republicans inch towards tax cuts. pay plan to stimulate growth fails to fuel the reflation trade. the treasury curve is even flatter. the difference between short and long-term yields is the narrowest in

i'm sure that for example questioners trip to the middle east where he makes sure he visits riyadh but also draws and i'm encouraging help that i'm sure you're nodding no. opinion. for example that was there before the tear time in the last months that he was there in this i would be i would be a dark playing. cards and i think that is there reason by no. and not the level of. tension in the stage and. i agree i think the trump and ministration didn't play a helpful role it's seen that the visit from terrorist question and two to riyadh seem to to egg on the saudis and rather than to encourage to embolden exactly rather than trying to to to dampen the assertiveness so you know i think the trumpet ministrations role was wasn't very helpful to. just before we move on just give us an estimation of to what extent all that we're talking about is being played out is a mirror is a reflection if you will of the great historic divide between the two strands of shia and sunni. well it's clear that iran feels it's kind of like. things like a protector for the shiites in in the region and saudi ar

we spoke to the middle east ceo on what that means for the region. this is bloomberg. ♪ ♪ yousef: welcome back to "the best of bloomberg markets: middle east." president trump made a decision about the next fed chair, he is going with jay powell. we spoke with a middle east ceo about how that will impact the region. take a look. >> i don't know enough about jerome powell, but i don't think it makes a big difference to the trajectory of monetary policy. it is quite clear the labor market is tightening. the economy in the u.s. is doing quite well, even for fiscal stimulus that may come from tax cuts. extent, wethat should expect a continuation of the gradual tightening and also the unwinding of the balance sheet. i want to bring to your attention this chart from morgan stanley. the guidance we are getting is that we are going to get a december hike, but when it comes to the actual official ,nnouncement of jerome powell some are saying to the opposite. whatever you are expecting with the powell pick, do the opposite. they think it will be a knee-jer

middle east tensions and i hope we give you plenty of food for thought. there black living in germany. has reminded me what that means on a daily basis presenter like this be true. and i was. they can call it a group but you know different than the rest. she travelled across germany to meet other black people and to hear their stories. as. i grew up in a white family in a white neighborhood it was definitely a challenge. she decided to put me up for adoption. the main thing was to keep your head down and your mouth shut of course of the face like this i could never completely disappear if you see all these stereotypes about africa if you could see if. you do something for your country but you're still the black guy. afro germany starting december tenth. this is the w. news live from berlin the future of zimbabwe hangs in the balance tonight the first pictures emerge of robert mugabe since he was placed under house arrest is shown here.

process in the middle east because you cannot play a role as broker if you are completely biased to one side of the conflict on the expense of the other side and it is only that the palestinians are supposed to meet the qualifications of called compliance that the united states sets unilaterally on the other hand the israelis are not ours to do anything. about our dogs that this measure against the e.p. a law office was taken at the same time that the netanyahu government had decided to forcibly effect fifty seven palestinian. families from job a little bob on the outskirts of jerusalem ok. move which is completely in defiance of international law we will certainly address where this leaves us as a peacemaker. just a little late in the discussion first of all it i just want to raise the point with you because this is a perfectly legal move isn't it that the p.l.o. office is closed if it doesn't meet the conditions that have been placed on it i mean there's nothing untoward about the actual act of placing the office the question mark perhaps it's over the timing of it as well i mean i th

east gaining military bases and allies in the middle east boding bridges with our american allies even with with israel and with saudi arabia and especially with turkey which is preoccupied of course right now mostly with the kurds the kurds in syria the kurds in turkey itself and the gun of course is preoccupied with also with his internal opposition and turkey and is. very much annoyed by the united states refusing to extradite. him from who he believes is our enemy from america so russia is using that so this is a kind of defensive push whether it's trying to push russia's strategic defensive winds as far away from russia from the cork as us deeper into the middle east into the mediterranean which is a very strong tradition the russian strategy coming from times of the czars actually but so how do you syrians feel about russia basically being given the go ahead to be in the diplomatic driver's seat when it comes to peace in the country i don't think russia is given that russia. is trying to impose itself on the problem and it seems that they have we've given the go ahead haven't the

our question on "quadriga" this week, middle east tensions, a new war? to discuss that, i'm joined in the studio by jamsheed faroughi, senior editor with dutch avella welle's farsi service. also with us is freelance journalist peter boehm, who believes that won't be a hot war between saudi arabia and iran. a warm welcome also to shani rozanes, a producer and analyst. shani can bring us the israeli perspective on things. she says it is not saudi arabia that israel is looking too, but russia. faroughi, i would like to begin with you. the tensions between iran and saudi arabia go back a long way. why is this cold war now heating up? jamsheed: there is a kind of explanation for that. i should also say, it is not a kind of cold war, what we are seeing at the moment, because cold war is a war of words. it is more than that. it is a proxy war. you can also see in the different parts of the regime that they are confronting themselves against each other. ornow, i think there's two three issues to help us understanding this. for example, we have donald trump in am

the middle east right now, as i said, is a dangerous region. more dangerous even than it normally is. we have some advantages in the middle east with our allies, countries like israel and jordan, egypt, the gcc, we should press those advantages to try to rebuild the security order there that have served us pretty well over the last 40 or 50 years or so. and i would say that starts first and foremost with recognizing that iran is the source of most of these challenges in the middle east and therefore any time we have a chance to separate the country like qatar from iran and bring them back within the fold we should take that. >> senator cotton, thank you. thank you to all of you and the hudson institute at well. thank you. [ applause ] well. thank you. [ applauses well. thank you. [ applause well. thank you. [ applauses well. thank you. [ applause ] >> of course, depending on your political perspective, your see -- you interpret the absence of light in two ways. if you belong to the left of the political persuasion, you might say this is appropr

east and not just in the arab world in the middle east and you know the u.s. administration is very much also. embracing this kind of these paranoia driven by these paranoias about iran and so they are one saudi arabia to be strong to make decisive actions take decisive action to take over responsibility in a way that saudi hasn't done for the last decade or even longer and that created the kind of void that the iranians were able to fill in yemen in iraq in syria and in lebanon and but the problem is now is this really for this you need to have a stable leadership and i'm not sure whether these internal problems of the saudi will create a more stable more sustainable leadership in the kingdom or whether that this will actually throw the kingdom into more of a state of disarray that will eventually have ripple effects on on on on partners in the region because saudi cannot assume that leadership because in the parliament will decide it doesn't really have resulted in a lot of reality politic jets of his friend the net very wide has any both within the country

east or on the middle east peace process involving israel. or really on anything significant. there a lot of rhetoric in public and diplomatic matters. that suits the political needs of the people who are uttering the words, when behind-the-scenes you are hearing something completely different, which as we understand. the issue for me is what's in the best interest of the united states? how are our interest best served?how can our diplomats be most effective in the argument there is an contestable. what hurts us is when we given to unfounded pressure and intimidation, because it says something about the united states that we won't do what purelycommon sense, it's harmful to us, harmful to israel, harmful to the stability in the region . >> the statement that was issued and entered into the record by ambassador kercher compared us posture toward jerusalem with russia annexation of crimea, but if we think prime you was wrong, how could we want our embassy in jerusalem? do you think those two things are parallel? >> i think there's a lot to lear

we had an administration that talked about sharing the middle east and e quill ib rum in the middle east which would mean a percentage gained. >> how do you feel about the trump administration's policies? >> they've said the right thing. the focus is the right focus. the question is that ground game. the question is that type of granularity and detail on the ground you need to do the challenge. not just by passing some laws or talking about money coming in. that's just a small part of it. >> can you really have a ground game if half the state department is empty, for example? >> that's a very good question. that is part of your ground game. the work of development. the work of relationship, the intelligence community. all of that has to be part of our response to what they're doing. >> first of all, i think he's right, but i would not trifl yalize forces or other things. there's a whole bunch of big parts. so that they're not just going to go away to their own. any way. you didn't say that, but -- >> that's very much true and needed to be said ch i want ones flexibility of the iranian re

most people say that would be bad for the middle east. well, , it could be that in some ways but the reality is in that environment a lot of higher cost producers outside of the gulf could no longer decide to produce. it's not commercial for them to produce and it would mean more of the oil the world is consuming would come from the middle east. you could find as in a situation of long-term low-price situation where the middle east has more influence than it does right now on global politics. >> let's focus on one country in the middle east. in your view, would the sanctions on iran that got into the table negotiating the nuclear deal, this blend your previous book on sanctions come with the sanctions have worked without shale oil? >> i i think this is a really interesting story, and i do think that the situation in the united states, an increase in oil production because of fracking really help create and in private which made it easier to secure the sanctions. the look at the history of sanctions and oil-producing countries, it's not a

they wanted the british out of the middle east the germans wanted the british out of the middle east so decided to make common cause with the nazis tried to make contact with them in istanbul the nazis weren't interested nothing came of it. it was a mixture of stupidity and fanaticism they thought that they have should join the enemy of england in order to obtain help for the girls in palestine which was just stupid they were very brave and very stupid people. in february one thousand nine hundred forty two during his arrest in tel aviv by the british. after him stan was shot dead. on the sixth the november one thousand nine hundred forty four left he commanded now by yet sack shania struck back in an unexpected place. highroad. two assassins killed lord moyne the british minister resident in the middle east outside his home. it's hard for me. was a terrorist and not just he but the other members of the stern gang defined themselves as terrorists and wrote that terrorism is a perfectly legitimate means for expelling the foreign occupier from the land of israel. after the end of world

i think it will come out more like a geopolitical we will have had them in the middle east and essentially west of mutation the obama administration wanted to position saudi arabia and iran against each other but and control the middle east if we have a type of mutation has a different take on it they want to empower saudi arabia more they want to go back to the traditional american foreign policy of supporting the gulf monarchies against against iran and of course saudi arabia doesn't have an army that doesn't even care when i'm in the table to fight yemen successfully much less iran the poor country or exactly so what does and even though he has some allies in the game and even with that it can't it can't win them all you need like right so. and so any allies is this so what they want to do is they want to use their regional allies like israel even though they don't want to see it plowed and they want to use the united states to get us help to to pressure iran and to get iran so we get this straight here it is because of this pathological view of iran held by the american political elite

proxy war between two of the biggest powers in the middle east iran and saudi arabia has escalated directly affecting other countries in the region. i. understood them to take to the streets of basra alone are outraged at madrid's crackdown on former catalan leaders who were behind the region's independence declaration. highly anticipated formal meeting between donald trump and blood in fails to materialize the chatter on the sidelines of the apec summit and agreed to cooperate on syria. and the u.s. justice department demands r.t. america register as a foreign agent by monday failed to comply the channel's bank accounts could be frozen. joining as you're watching the weekly here on r.t. and. the geopolitical rivalry between two of the middle east main powers saudi arabia and iran has been d.c. stabilizing other regional players yemen and lebanon. and the latest developments saudi led airstrikes targeted the defense ministry in the yemeni capital it was back in march of two thousand and fifteen that saudi arabia first began its incursion into yemen by launching an air campaign against rebel

i think numbers have shown in the middle east that islamists are 30% to had 0% of a political movement. a small portion of those are militant islamists. but we are in denial if we don't believe that nonviolent islamism is a precursor to militant islamism. in america those numbers might be a little more who believe in freedom and liberty. it's not by spontaneous combustion that militants like this come out of thing air. there's a process that's related to anti-semitism.

there are a lot of countries in the middle east that are not willing to do that. qatar is one of them. and therefore i would suspect that most of the leaders there would say they had a better relationship with the obama administration than they do under president trump. they should have a good relationship. there's no reason why qatar cannot have a good, strong relationship with the united states. we just approved another weapons sale to them. but as president trump has said, rightly, we need qatar to come back into the fold of our organization. stop the close relationship it has with iran, by for instance just sending it's ambassador back to tehran a couple of months ago, after having withdrawn it two years ago, along with all of the other gcc countries, all but one, i take that back. so we should have a close relationship. i just think president trump is committed in a way that president obama never was, . to join our coalition, once and for all, stop the support for extremist, brotherhood allying groups. we understand that qatar has to have a different kind of

this is "bloomberg markets: middle east." i am yousef gamal el-din in dubai. david: some markets entering a lunch frank here. -- lunch break here. nothing really happened this morning. nothing moving the markets. changes,-pacific, some but there we go. that tells this story. a very uneventful day for markets. copper a pickup overnight. a lot of big contracts. a little more upside now, 1%. have a look at my bloomberg chart. yields now-year bond crossing 4% for the first time in three years. andmber of brokerages analyst saying because we have crossed this psychological line, prepare for the bond rout to deepen. ,nflation might be picking up and this deepening deleveraging campaign is making its way through the system in the form of what we showed you there, higher yields on the mainland. yousef: some other asset classes, hedge funds now working on rising crude. take a look at what the trade is currently doing. fairly range bound. downside .3%. fairly steady as the greenback advanced earlier against most peers. the cable trade, fairly steady. off newdown .6% pol

a proxy war between two of the biggest powers in the middle east iran and saudi arabia has escalated directly affecting other countries in the region. thank almost a million people have taken to the streets of barcelona outraged at madrid's crackdown on form of have to learn leaders who were behind the region's independence declaration. a highly anticipated formal meeting between donald trump and vladimir putin fails to materialize though the pad did chart on the fine lines of the apec summit and agreed to cooperate on syria. the u.s. justice department demands r.t. america registers as registered as a foreign agent by monday if found to comply the channels bank accounts could be frozen. a very warm welcome you are watching the weekly here on r.t. international the day's headlines and a breakdown of the stories that shape the week and the caring. but geopolitical rivalry between two of the middle east's main powers saudi arabia and iran has been destabilizing other regional players yemen and lebanon. and the latest development saudi led as strikes targeted the defense ministry in the

east or on middle east peace process involving israel. or really on anything significant. you know, there's a lot of rhetoric in public in diplomatic matters that suits the political needs of the people who are uttering the words. when behind the scenes you hearing something completely different, which is we understand. the issue for me is what's in the best interest of the united states, how are our interest vests are, how can our diplomats the most effective? i think the argument is incontestable. what hurts us is when we give in to unfounded pressure and intimidation. because it says something about the united states that we won't do what's purely common sense. it's harmful to us, harmful to israel, harmful to stability in the region. >> professor kontorovich, the statement was issued entered in the record by ambassador kercher compared u.s. posture towards jerusalem with russia annexation of crimea, that if we think crimea was welcome hybrid possible our embassy in jerusalem. do you think those two things are parallel to one another?

♪ yousef: welcome to "best of bloomberg markets: middle east," i am yousef gamal el-din. and will fixes that as stock prices right and global demand estimates are cut your why are the views so different from opec's? airbus and boeing battle for supremacy. crackdownudi arabia continues to reverberate. dhabi 68 point -- 10% of theil giant, subsidiary could be sold off. tracy alloway spoke exclusively to the ceo and asked for more details about the plan geared -- the plan. >> at least 10%. higher, go a little that will depend on how the market is over the next few weeks. tracy: is there particular valuation you are targeting? >> not really. [indiscernible] -- a one-of-a-kind ipo in the region. ist we are trying to achieve a way to ensure an unprecedented [indiscernible] market and domestic and local investors to work alongside. tracy: there are of course rumors you might look to float other businesses. what else might be in the pipeline? >> were looking for ways to maximize value to shareholders while keeping it wholly owned. having said that, we are looking at exploring the

"best of bloomberg markets: middle east." let's talk about the situation in saudi arabia. the government has only frozen accounts of individuals they suspect of wrongdoing. it includes one of the worlds richest men. acrossrberated boardrooms and financial institutions in the region and around the world. i began by asking for more details on the arrests. >> we don't know much. we know they have been arrested. there is chatter that the ritz hotel has been set aside to hold these 49 people, and beyond that, not much has been announced. not formally. the official statement having out is general saying this is phase one, and now we have had a ,tatement reassuring markets because we have had some companies tied to people that have been rumored to have been impacted by this. he is coming up to reassure people saying this is for individuals, not company counts. yousef: they're going to be moving ahead with some trials. had they set out a clear timeline? >> they have not. they have said this is the process, undergoing -- undergoing du

you've thought about the middle east a lot. i wonder how you see the issue of iran and of terrorism? >> yeah. >> and what you think about what's -- >> well, i think what the previous speakers mostly say i agree with. i would say that my sense is a couple big things. one is, i've said this before several years ago in your paper, we're in this probably for the rest of our life. people say generational. i'd say depends on how old you are, but we're going to be doing this. this is not like isis goes away, let's stop and take a breath and start over. this is beginning. two is i don't think the status quo in the middle east, this is wald speaking, will ever be the same again. i think -- >> because? >> i just don't think it fits. i look at countries like my favorite, the arab of emirates or saudi arabia or isreal actually having a common interest, which is really hard to say publicly. it's not been very well received a lot of times. i think those common interests are starting to build and so i think the status quo in the middle east w

it traumatised the nation, but ultimately reshaped the middle east. now some are asking whether his son's resignation will do the same. this announcement has left people here stunned and created enormous uncertainty. lebanon has generally been spared the violence seen elsewhere but now many lebanese fear their country could be a casualty in the wider regional struggle. well, for more on the latest tensions in the middle east region, earlier, i spoke to sama'a al—hamdani — a yemeni analyst and president of the non—profit yemen cultural institute. the war between yemen and saudi arabia has been going on for a really long time and this is the most they have achieved since the start of the war so in 2.5 years this is the strongest attack at the treaties have launched onto —— saudi arabia and it shows on some level their capacities are developing, sending a message that could also be a call to the world the kind of bring attention back to the yemen warand bring attention back to the yemen war and together with the other things that you mentioned

>> welcome to "best of bloomberg markets: middle east." the major stories driving headlines, the corruption crackdown continued to reverberate, saudi's superrich stashed their cash, just in case, even if they had not been implicated in wrongdoing. robert bugabe calls time on his 37 year rule. and global equities hit record highs yet again. but does the sale of the da vinci for forgery $50 million paint a picture of the market over exuberance? we hear from one senior analyst who thinks alarm bells should be ringing. the oil market year it for the much anticipated opec meeting, which takes place november 30. saudi arabia's energy minister has told bloomberg the cartel and its allies should announce an extension of their output curbs when they gather in vie nna. russia has not sounded quite as convinced. we have more with our guests and our middle east reporter. i have a chart that i think encapsulates what we have seen in the oil market. this is hedge fund short positions in brent. the red line is the short position just beginning to pick up

two of the biggest in the middle east iran. other countries in the. highly anticipated meeting between. the chatter on the sidelines. and agreed to cooperate on syria. the us. thanks for joining us your time is good for the weekly top headlines of the week the main stories of today. the geo political rivalry between two of the middle east power players saudi arabia and iran has been destabilizing other regional players for example. in just the latest development. the defense ministry in the yemeni capital it was back in march twenty fifteen saudi arabia launched. by iran yemeni civilians have also been affected by the latest bombing here's what they told. but then a second rocket hits us my house was destroyed i'm just an ordinary person i'm a bus driver i'm not a military commander not an agent of the state why did they do that to me my house didn't hold a single bullet did they fear that i had weapons so i want them to watch this i have nothing this is just a house and i'm a poor person that wants me to do my head in lac were injured our houses were

well for more i'm joined now by ben to shallower in beirut she's the middle east rector with foundation i think tank the region and thanks for being with us hariri says his life was in danger here are his claims seen as credible in lebanon. well you know this nation is always full of rumors and so we cannot really know what actually has happened about according to a bia they have spoken to security permits actually come purpose but to just lie what we can also know for sure is that currently there is a lot of pressure on lebanon pressure coming from damascus to normalize relations with syria and there were discussions last week here on the with eleven and should be the first arab country to reappoint and investor to damascus so we definitely know he as prime minister has been in a difficult position and there are many divisions in lebanon along political and also along religious lines what does hariri represent and where does the country go from here. where that it is with a future movement which is the main representative in terms of parties at this only to make up lebanon and so of co

cushion or to the middle east in part to work out a blueprint for a deal the white house says closing the p.l.o. office doesn't mean it's cutting off communications with the palestinians and could be viewed as a way to expedite the peace process but a middle east analyst says the trumpet ministration is not bargaining in good faith the u.s. is not an honest broker the u.s. is representing its own interests and they correspond primarily with the right wing of israeli interests the closure isn't a done deal president trump has ninety days to review the decision and could keep the office open if he thinks the palestinians are engaged in meaningful and direct negotiations with the israelis die a nest of rock al-jazeera washington more now from our correspondent in west jerusalem malcolm webb. ever since trump came to power he said that he would bring the ultimate peace deal to the middle east the palestinians always said that they'd be the ultimate partner with drums never allow rating what kind of peace deal this might be whether it will be a two state solution or otherwise palestinian o

up in the middle east. i'm not talking about any of this. i am talking about them versus boeing. you are live on the scene. >> the dubai air show is finally here. the last dubai airshow was $179 billion and record-breaking deals. that is a high bar to live up to. in the time since a lot has shifted. the competitive landscape has shifted. we are talking about the -- visa bans. numbers tell a story, middle east operations are growing at the slowest pace in eight years, the monthly growth. let's look politically. the tensions are a lot higher with the standup up with qatar that has halted some key air routes. the economics have shifted as well. have dropped, government have had to rationalize their spending. they will be a lot less appetite this time around for big deals. there is a close one that we are very closely watching and that additional for 36 8380. tracy: this is potentially tim clark's parting gift. before we talk about more things aviation let's get a check of how the markets ended the week on frid

east a leading publication. and it's not too nitty certainly for the british public as well to be able to hear what their veteran politicians think of what's going on in saudi arabia considering the war in yemen has been highly publicized certainly through the british press we believe now that paddy ashdown is taking questions from the floor we'll listen back in a little bit later in the program in the royal family. do you think there is hope now that we're going to see you see change in terms of reforms i mean when you when you driving education and we are reservations of course i mean yemen which you mentioned. i. i think you know about this more than i do. i i like you can see some of the signs. when i was in last year i was asked to differentiate the western target hundreds of picking their friends particularly their friends i'm going to sound history as is the case with many seniors in the conservative party. i only started i was a very not a policy i judge people by what they do. and so i'd like to wait an

that's all we have for this edition of "bloomberg markets: middle east." bloomberg technology is next, as well as updates of your top stories. markets in the asia-pacific not doing well. we will get you an update next. this is bloomberg. ♪ this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. >> at its 1:00 p.m. here in hong kong. i am david ingles. president trump said they. expect the federal reserve to keep raising rates. jay powell promised to protect stability through the fed's role as a banking regulator. over in tokyo, japanese maker, tori has admitted to falsifying data. its clients include boeing. it says neither companies affected by the ta

>> i don't think it would affect the overall middle east peace process. i think, the embassy move has been given a symbolic significance well in excess of its practical effects. if you believe, and some do, that the united states is fundamentally biased against the arab side, that it is so much in the tank for israel have can't be an honest broker, and they cite the billions of dollars of military and economic assistance with given to israel since camp david, and quite properly in my view, they look at the world historical events that have affected the middle east since the 1967 war at least, what possible effect can moving the embassy in comparison to all of that? this has taken a pebble and made it into a mountain. the way to break through that come at a do think scholasticism as i say in my testimony, is to move forward with actually relocating embassy, acknowledging the reality that jerusalem is is the capital of israel. it's going to be in an area west of the green line that nobody except a proponent of eradicating israel entirely would ever say woul

iran, turkey, hezbollah, hamas, the muslim brotherhood, the middle east right now is on the knights edge. it will take strong leadership in the pressure president from his under in washington dc as the radical left tries to nullify and they are trying to notify the 2016 election. great minds like professor hirsch with and others would agree with me. president companies are back and president trump needs are back because we are a nation at war and this war will only be one we find together and work as partners. i am proud to be here tonight and i am honored and i want to thank you and am proud to be a christian scientist. thank you. [cheering and applause] >> at that same event us ambassador to israel, david freeman, received an award from the zionist organization of america and made remarks about president trump in the state of us israel relations. this is 15

a proxy war between two of the biggest powers in the middle east iran and saudi arabia has escalated directly affecting other countries in the region. hundreds of thousands of taken to the streets of boston logan outraged at madrid's crackdown on for months on leaders who were behind the region's independence declaration. a highly anticipated full meeting between donald trump and saddam and putin fails to materialize at the padded chalk on the sidelines of the apec summit and agreed to cooperate on syria. the u.s. justice department demands that all see america registered as a foreign agents by monday if elster can fly the channel's bank accounts could be frozen. a warm welcome you're watching the weekly here on r.t. international the latest headlines and a roundup of the stories that shape the week i'm mccarran. the geo political rivalry between two of the middle east's main powers saudi arabia and iran has been destabilizing other regional players yemen and lebanon. with the latest development of saudi led airstrikes targeting the defense ministry in the yemeni capital it was back

welcome to "bloomberg markets: middle east." what a dramatic start to the we. >> the saudi crown prince appears to be melting something of a purge against several high-profile princes in the world family. yousef: the list, i keep having to look through it again. accused of everything from corruption to of using public funds, some very big names on the list. including a very well known as this man. -- businessman. looking at a lot of foreign officials. a lot to digest here from a market perspective. tracy: that is exactly right. it's bringing out executive editor for the middle east. with the obvious question, is this a power grab in anticorruption clothing? >> it's hard to not come to that conclusion. came first, before the reshuffle, before he changed the national guard. the national guard was kind of the last major power center that was not under the control of the crown prince himself. now really every lever of power inside saudi arabia is directly controlled by him and his allies. of course, we have no sense, no way of telli