U.S. stock indexes have opened flat on Monday and remain near record highs.
A week-end purge by Saudi Prince Mohammad bin Salman with the arrest of billionaire Prince al-Waleed bin Talal, 11 Saudi princes, and several ministers and former ministers in a corruption crackdown has led to more questioning about the form of leadership that will be installed across Saudi Arabia.
President Donald J. Trump spoke yesterday with King Salman bin Abdulaziz Al Saud of Saudi Arabia and after talking about terrorism and defeating ISIS, the two leaders discussed the continuing threat of Iranian-backed Houthi militias in Yemen and a Saturday intercepted missile attack on Riyadh, according to a readout of President Trump’s phone call.
After thanking King Salman for military purchases, including a $15 billion investment in Terminal High-Altitude Area Defense (THAAD), Presdent Trump acknowledged that the King and Crown Prince’s recent public statements about the need to build a moderate, peaceful, and tolerant region are essential to ensuring a hopeful future for the Saudi people.
President Trump also encouraged the King to strongly consider listing Aramco on a stock exchange in the U.S.
Trump In Japan
President Trump began his trip to Japan on November 5th that will conclude on Tuesday.
During a summit meeting with Japanese Prime Minister Abe, U.S. President Donald Trump thanked Prime Minister Abe for his role in applying international pressure campaign toward North Korea and reaffirmed the unwavering commitment of the United States to Japan’s defense.
President Trump emphasized the commitment of the United States to provide highly sophisticated defensive equipment to Japan, including ballistic missile defense to help ensure the readiness and effectiveness of the Japanese Self Defense Forces.
President Trump said during a press conference that the era of strategic patience with North Korea is over.
The U.S. has conducted joint military exercises with Japan and South Korea in 2017.
President Trump expressed some concern about the United States-Japan trade deficit in goods, which totaled $68.8 billion in 2016, and highlighted the importance of taking steps to address the deficit and to achieve more balanced trade.
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