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A general competitor in United States i mean we can produce enough of our own oil we are no longer held hostage by opec around or saudi arabia so theres a whole bunch of things that could be created this by the end of the day i mean who couldnt use the extra 2627000000000. 00 laying around and just to put it back and flush around the markets i mean you know to me its just easier for them to do so and it doesnt cost them anything and again we know that their profits are really there. All right peter lets look at this in the other current reigning i. P. O. Leader ali babas also planning the secondary h. K. Listing hong kong listing they could raise 13800000000 so its a trade november 26 why do you think theyre looking at this secondary listing now. Well you know its an old saying on wall street that you feed the ducks when theyre quacking and i think thats what theyre doing right now and you have some markets making record highs you ....
Schiff c. E. O. Of Euro Pacific Capital and Todd Bubba Horowitz chief strategist above the trading so lets start off with you it seems like the only way that saudi aramco can sustain its nearly 2 trillion dollars valuation is by artificially buffering it from the Global Markets and offering a sweetener to investors in the form of local banks making loans available for the sole purpose of investing in this i. P. O. So what is the purpose of this anyways they dont need to raise any more money its already the worlds most Profitable Company and its previous goal of getting a rambo circulated and diversified outside of this region seems to be a moot point if now theyre limiting it to the only domesticity best years so why go i. P. O. Now. Do we do we know ....
More business more revenue that even up higher than amazon already. Well its hard for anybody to have a valuation is high as i was on i mean theres a lot of speculative money thats in that stock and im sure one of these days is coming back down to earth i just dont know when that is. So now peter lets go back on to the domestic front we have conflicting reports and sentiment yet again from china and the u. S. The mood in beijing right now is increasingly pessimistic as trump refused to scrap tariffs dampening hopes for a resolution the u. S. However seems more optimistic with the markets today and larry kudlow we had already yet again that they are getting close so why are we getting the conflicting reports here. Well 1st of all i think the chinese are actually posturing for a negotiation you know if youre negotiating with with somebody you dont want to admit that youre close to a deal you want to say that a deal is far away because that way you can try to extract more concessions from ....
A malaysian airliner over in Eastern Ukraine in 2014 finds a strong link between top russian officials and separatist rebels. In sport asian show cuts or have been drawn in the same group as the United Arab Emirates of the upcoming gopher cup after initially boycotting the events the u. A. E. Saudi arabia and bahrain have now decided to play. Hello we begin in gaza where a fragile cease fire between israel and the Islamic Jihad group appears to be holding despite sporadic rocket fire. Of missiles were fired into israel just hours after the cease fire was declared to end 2 days of intense fighting 34. 00 palestinians have been killed in israeli asked reichs including 3 women and 8 children thousands of mourners attended a funeral procession in gaza fait members of the same family killed in one of them how a force th ....
And for more on this and other Market Movers we are now joined by peter schiff c. E. O. Of Euro Pacific Capital and Todd Bubba Horowitz chief strategist above the trading so lets start off with you it seems like the only way that saudi aramco can sustain its nearly 2 trillion dollars valuation is by artificially buffering it from the Global Markets and offering a sweetener to investors in the form of local banks making loans available for the sole purpose of investing in this i. P. O. So what is the purpose of this anyways they dont need to raise any more money its already the worlds most Profitable Company and its previous goal of getting around co circulated and diversified outside of this regio ....