Dirhams & Dollars

In today's episode, the team discuss Trump's first trip abroad. POTUS touched down in Riyadh, Saudi Arabia on Friday, and has since then bagged approximately $350 billion in trade deals with the kingdom, including the largest ever US arms deal ($110 billion). What does it mean for Saudi Aramco, Saudi's state oil giant, to be doing $50 billion in deals with US oil companies? With all this winning taking place abroad, one would be forgiven for thinking that Trump's home soil woes had gone away. But they haven't. Calls for impeachment are mounting, and the markets are becoming increasingly volatile. The team also discuss oil ahead of Thursday's OPEC meeting in Vienna, the political crisis in Brazil, and notes from last week's meeting of the Fed.