Oil is not the only thing you'll find in Abu Dhabi anymore.

This is a Consumer Goods Edition of where the money is.

For fools, welcome to the show.

Joined by Sean O'Reilly.

How's it going Nathan? Good so we're going to be talking

about oil. Yeah a little bit. So long and short of it is Macy's is going to be opening up

their first store outside of the United States and they're picking

Abu Dhabi in the United Arab Emirates.

It's their first location.

Yeah, so what's the reason behind this?

I mean, it's a cool story and it's going to be part of a huge billion dollar mall complex

and all that stuff and I'm sure our viewers are aware of all the crazy things the UAE is known for

building you have the world islands, you

had the islands of the other shape of a palm tree. It's about to get surpassed by Kingdom Tower

in Saudi Arabia, but the world's tallest building is currently there.

I think it wasn't like Mission Impossible Five or something.

But Macy's chose the UAE for a couple of really interesting reasons, and it's basically

because it's such a touristy high-income

premiere location but in the context of Macy's business model I thought that

that was the real story here. So if I told you that Macy's had actually been

closing stores for the last three years what would you think?

Based upon the research I did prior to this week.

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