Tyler Kendall

I think it's just, as I said, market nervousness.

Short-term traders have gotten badly whipsawed back and forth in the last couple of months.

And I think that's what's really causing this downward wave in volatility.

Yeah.

Hey, Caroline.

Well, this is the Saudi crown prince's first visit to the U.S.

in seven years.

We know at the top.

of the agenda today saudi arabia is looking for the u.s to green light those export licenses related to advanced semiconductors but we have reporting here at bloomberg news people familiar saying that right now those talks are centered around one what sort of security conditions will be put in place and two what are those specific reciprocal investments riyadh is willing to make in the u.s i have to say i was at the fii conference back in february that was a saudi-backed investment conference in miami and it was president trump's

A few months later in May, we saw him visit the region and secure a pledge for $600 billion in investments in the U.S.

over the next four years.

We know a lot of this the administration wants to see in these questions.

Today, as President Trump has indicated,

Yeah.

Hey, Tim.

So the Senate advanced this legislation on a key procedural vote, but it still has to go up to debate and then get a final floor vote on the Senate floor.

And importantly, any one senator could tie up that process.

We have our eyes on Senator Rand Paul, a Republican from Kentucky who voted against this legislation and could ultimately delay it.

However, the broad understanding here, we're expecting this legislation to advance out of the upper chamber and then go to the House later in the week.

Once it passes the Senate, there are 36 hours for House lawmakers to get back to Washington and vote.