Kudlow defends Mnuchin's Saudi Arabia trip amid search for missing journalist

Saudi Arabia government pledges ‘greater action’ if US retaliates for Khashoggi disappearance

Saudi Arabia government pledges ‘greater action’ if US retaliates for Khashoggi disappearance

Since Saudi journalist Jamal Khashoggi disappeared in Istanbul on October 2, speculation and accusations have mounted that the Saudi government had him killed by a hit squad when he went to the Saudi embassy for wedding documents.

On Monday, industry publication the Hollywood Reporter, citing anonymous sources, said Endeavor was seeking to give back the money and revoke the stake.

A Turkish security source has told the BBC that officials had audio and video evidence proving Mr Khashoggi was murdered inside the building.

President Trump warned the U.S. would inflict "severe punishment" if Saudi Arabia was behind his disappearance.

Calling Khashoggi's disappearance a "terrible situation", he further said that the United States is working with Saudi Arabia and Turkey to figure out what happened.

Khashoggi vanished after entering a Saudi consulate in Istanbul on October 2, igniting a global firestorm over the circumstances of his disappearance.

Saudi officials have dismissed allegations that it played any role in the disappearance of the Washington Post writer, who was a critic of Saudi crown prince.

Turkish police investigators entered the Istanbul consulate late on Monday. American lawmakers have threatened tough punitive action against the Saudis, and Germany, France and Britain jointly called for a "credible investigation" into Khashoggi's disappearance. "We're going to try getting to the bottom of it very soon, but his was a flat denial".

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Reports suggest an assault and struggle took place in the consulate after Mr Khashoggi went to get paperwork for his forthcoming marriage.

Aleksandar Mitreski, a security and defence analyst, said Saudi Arabia cannot control the worldwide narrative but can try to alleviate the most damaging fallout. "This is unfortunate; this is something that is making our - my work - and the Center for [Democracy and] Human Rights in Saudi Arabia very hard", he continued.

The defections could jeopardize the large feesglobalbanks and investment firms have been earning from the kingdom - and the promise of even bigger business if Saudi Arabia makes good on plans to privatize its oil industry and boost foreign investment in a variety of sectors.

Meanwhile, more major players in worldwide finance and industry are pulling out of a high-profile business conference in Saudi Arabia.

World markets turned tail again on Monday, as a bounceback in oil prices and rising tensions between Western powers and Saudi Arabia added to a cocktail of concerns that battered global stocks last week.

Ankara had previously said a working group would be set up in line with a Saudi proposal. CEO of JP Morgan Jamie Dimon announced this morning that he'll also be pulling out of the conference.

Ford Motor Co. confirms that Executive Chairman Bill Ford will not attend.

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