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00:00You have previously said Trump was looking to sign mega deals with Saudi Arabia and Gulf stays.
00:08What do you make of the flurry of memorandums of understanding
00:12signed today by Donald Trump and Mohammed bin Salman?
00:17Well, I think they're historic.
00:19I don't want to repeat what all of the great guests you've had here today,
00:22but they're absolutely historic.
00:23They're actually quite larger than many of us anticipated.
00:27Keep in mind that these are, as the other guests have indicated,
00:32investments that are being taken place largely by the private sector.
00:36We haven't spoken very much about that yet to be announced.
00:39Military deals, and that is what Saudi Arabia will likely acquire from the United States,
00:43will be significant in the tune of hundreds of billions of dollars.
00:48So in terms of the economic and ties, formal ties between the United States in terms of military assistance,
00:56this is quite significant.
01:00I would say this for this reason to your viewers.
01:03What a stark contrast with the previous administration when former President Biden referred to Saudi Arabia as a pariah state.
01:12And the strong criticisms, there was even controversy when President Biden met the crown prince,
01:20whether they would shake hands.
01:21So that is a stark difference here from a foreign policy,
01:24as well as commercial interest of our country from the previous administrations.
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01:39And bear in mind that,
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