Saudi king replaces crown prince

Reuters with the royal gossip from Saudi Arabia

• Saudi royal decree relieves Moahmmed Bin Nayef as crown prince, replaces him with Mohammed Bin Salman - state news agency

This guy is gone

And this is the new guy

Apparently this is big news. Well it is for these two guys anyway, one is now in line to become the king. As for its impact on global markets ... I dunno. Buy tea towel manufacturers? Looks like they win either way.