Saudi Arabia's King Salman Names 31-Year-Old Son As New Heir

Saudi Arabia's stock market closed up more than 5 percent on Wednesday after King Salman announced the person next in line to the throne: his 31-year-old son, Prince Mohammed bin Salman.

Here & Now's Jeremy Hobson speaks with Middle East analyst F. Gregory Gause of the Bush School at Texas A&M University about the significance of the announcement.