Trump says he’ll ask Saudi Arabia to ’round out’ investment pledge in U.S. to $1 trillion

Trump says he’ll ask Saudi Arabia to ’round out’ investment pledge in U.S. to  trillion


US President Donald Trump (L) speaks with Saudi Arabia’s Crown Prince Mohammed bin Salman (C) as Japanese Prime Minister Shinzo Abe (R), Indian Prime Minister Narendra Modi (2nd R) and Britain’s Prime Minister Theresa May smile during a family photo session at the G20 Summit in Osaka on June 28, 2019. (Photo by KIM KYUNG-HOON / POOL / AFP) (Photo credit should read KIM KYUNG-HOON/AFP via Getty Images)

Kim Kyung-hoon | Afp | Getty Images

U.S. President Donald Trump on Thursday touted Saudi Arabia’s pledge to invest $600 billion in America in the next four years, while suggesting the figure should actually be higher.

“It’s also reported today in the papers that Saudi Arabia will be investing at least $600 billion in America,” Trump told an audience at Davos via video call, while mentioning major announcements of investment plans by foreign companies into the country.

“But I’ll be asking the Crown Prince, who’s a fantastic guy, to round it out to around 1 trillion. I think they’ll do that, because we’ve been very good to them,” he said, referring to Saudi Crown Prince Mohammed bin Salman.

This is a breaking news story. Please refresh for updates.

Follow CNBC International on Twitter and Facebook. 





Source

Bill to fund military during government shutdown fails in Senate procedural vote
World

Bill to fund military during government shutdown fails in Senate procedural vote

A bill that would fund the U.S. military during the ongoing federal government shutdown failed to pass the Senate in a procedural vote on Thursday. The bill required at least 60 votes in the 100-member Senate to advance because of the chamber’s filibuster rules. The final vote was 50-44, with three Democrats joining most Republicans […]

Read More
U.S. budget deficit edged lower in 2025 as tariffs, debt payments both saw new records
World

U.S. budget deficit edged lower in 2025 as tariffs, debt payments both saw new records

The statue of former Treasury Secretary Albert Gallatin stands in front of the north wing of the U.S. Treasury Department headquarters building on April 24, 2025, in Washington, DC, U.S. J. David Ake | Getty Images News | Getty Images The U.S. budget deficit edged lower for 2025 as record-setting tariff collections helped offset what […]

Read More
European markets close higher as food and beverage stocks rally; Nordea Bank hits records high
World

European markets close higher as food and beverage stocks rally; Nordea Bank hits records high

The Arc De Triomphe stands while automobiles travel on the Avenue des Champs-Elysees as skyscrapers sit on the city skyline in the La Defense business district in Paris, France. Christophe Morin | Bloomberg | Getty Images LONDON — European stocks closed higher on Thursday, after regional markets continued to see-saw this week. The pan-European Stoxx […]

Read More