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

This retailer just broke out and is entering a new bullish phase, according to the charts
World

This retailer just broke out and is entering a new bullish phase, according to the charts

After gapping higher into a new all-time high in March 2024, Dick’s Sporting Goods Inc. (DKS) settled into a rangebound phase into the end of the year. Numerous attempts to break to new heights were repelled, pushing the price back to previous support levels. This week, DKS finally appears to have completed a bullish rotation […]

Read More
President Donald Trump says he’ll ‘demand that interest rates drop immediately’
World

President Donald Trump says he’ll ‘demand that interest rates drop immediately’

President Donald Trump lobbed his first volley at the Federal Reserve, saying Thursday that he will apply pressure to bring down interest rates. Speaking via video to an assembly of global leaders at the World Economic Forum in Davos, Switzerland, the new president in a wide-ranging policy speech did not mention the Fed by name […]

Read More
Trump slams trade relationship with European Union: ‘We have some very big complaints’
World

Trump slams trade relationship with European Union: ‘We have some very big complaints’

U.S. President Donald Trump on Thursday continued to take aim at the European Union for what he claims is an unequal trade relationship. “From the standpoint of America, the EU treats us very, very unfairly, very badly,” Trump said in a virtual address to the World Economic Forum in Davos, Switzerland. After his inauguration on […]

Read More