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tv   The Stream  Al Jazeera  February 24, 2022 5:30pm-6:00pm AST

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new york, debra lozano is of course, one at the new york stock exchange. today. what were the features indicating for today gabriel? very bad as might expect the futures were all in the red. they had been dropping the stock futures down at about 800 points as of before the markets open just now the s and p future's last about 2.5 percent. it's looking like it's going to be a very bad day on the markets. it already has been in europe and asia where there is a huge sell off the market. now here opening in new york girl, new york stock exchange with the opening bell just a few seconds ago. so we'll get a better sense of where they're opening. now bottom line is, this looks like it's going to be a very, very bad day on the markets. and there are several things going on here. number one, traders are talking about how this could extend for quite a long period of time. given this potential full fledged invasion by russia,
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so this is not a potentially just a short hit to the market. it could extend for a long time based on a supply chain issues and what have you. and also the energy markets looking at that energy coil, natural gas. those are all up right now as well. all right, i was going to ask you about that. just hold on a 2nd bill cuz i want to have a look at the big board. ah, in new york, which we've got a freight feed coming from and yeah, dow jones industrial average is dropping like a stone. it's opened, eights, almost $850.00 points down, which is 2 and a half percent. and is gabriel, civil? we have to see is that just going to be a, a bounce today, or will the concerns be more long term than that? a little more on oil. if you wouldn't mind an energy i gave you because he, i was looking at that early and i think it was up over a $100.00 a barrel. yeah, it was. and that is what it's been over a $100.00 a barrel natural gas up as well. that's because of worries about gas shortage is
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quite frankly in supply chain issues. so this is sort of expected that oil was going to go up, but it's certainly as jump. let's remember russia is the 2nd largest export of, of oil natural gas in the world. so there are certainly concerns about that, and that's why you're seeing the number jump over a $100.00 a barrel analyst here. new york are saying it's probably going to stay that way for a very long time. aside from that though, and the energy issues that we're going to be watching very closely is energy, how this conflict will affect energy. prices going forward? is other commodities as well? natural gas up the benchmark price for aluminum and nickel up as well? because russia is a major producer of those a wheat and corn futures also multi year highs because russia and ukraine are major grain producers. so we'll be watching the commodity markets as well, given this. but bottom line is, if you just mentioned the stock market looks like it is absolutely plummeting right
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now here in new york. some analysts expecting it could potentially hit the 5 to 6 percent mark as it goes on. so it's looking like it's can be very bad day. thanks. gabriel. alexander at the new york stock exchange today, which is down more 750 points at the moment. live pictures coming in from t f. a ghost town. and andrew simmons mentioned this before. you know, when he got back up to his live position is vantage point that it was empty. and we saw the pictures of old cars on the road as well heading out, trying to get out of town. and there's just a few people left there because since this morning and it was about, i think about 6 a. m 5 am, it might have been actually when it all started, when the declaration from president persian came in, the 1st explosion started being heard. very intense, heavy barrage,
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early in the day and it is meant people are either staying home as the president has told them to do. stay calm and stay at home or they tried to get out like pictures. they are rolling through the streets of a deserted ukrainian capital her european reaction, again, french president, emanuel micron, who is said russia's attack as a turning point in european history. did even nanda sidney sonton torn all the events of this night, have been a turning point in the history of europe and in our country because there will be durable, profound, serious consequences. there will be consequences for the geopolitics of our continentals. we need to remain united with you. i am determined to protect you without fail or to protect our compatriots in ukraine and to protect all the french people. soon. dominate cane is in berlin where well, chancellor, olaf schultz spoke earlier, but you've also been keeping us across that wider european in the reaction and nato
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as well. yet just talking about markets that gabriel was referring to her in the states. what we know now that here in europe to the value of shares on 2 big markets here, namely the ducks in frankfort and the cat. your aunts in paris will the ducks is down 5 percent. the cat got aunt dan more than 4 and a quarter percent, which shows that the explosions as it were in ukraine, are echoing, reverberating around financial markets. not just in the united states, but also here in europe. and we heard from kimberly hawk it there. the idea of this g 7 virtual summit. well, that is taking place at the behest of all our shots, the german chancellor, because germany has the rotating presidency of the g 7 this year. there's got to be a g 7 summit later in june in bavaria, and so this will be a moment where those 7 world leaders plus representation from the
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e. u in the form of ursula funder lion and shod. michelle, who we saw speaking with the nato secretary general a few hours ago. they're all going to be talking about their response to what russia is doing in ukraine. and don't forget also more meetings taking place later . those same people shot michelle ursula funder lion. all of shots and many other heads of state and heads of government of the you who vol been converge to an extraordinary e u. summit taking place in brussels where they're going to hammer out what exactly those sections sanctions of they've been talking about. those sweeping punitive sanctions what exactly they will be knowing as they do as we do on al jazeera, because the ambassador, ukrainian ambassador in doha told al jazeera, specifically what his government would like to see imposed in terms of sanctions cutting off russian access to the swift payment system, financial transaction system, which is so vital for the thriving economy and many other things to specifically
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cutting off access of the russian navy and russian maritime, it interests and assets to strategic waterways. lots of things being discussed right now and lots of meetings taking place, but the ones that stand out, the g 7 virtual summit taking place right now. then that e u summit i was referring to in brussels and then to morrow this ne, so virtual summit that yen stoughton back. so the secretary general of nato had said was going to take place, all of which will lead us further, give us more information about what this multi lateral response these institutions are proposing. what exactly they will be. we know nato is already saying that it's going to bolster its presence on its eastern flank. remember, if you were in moscow and from president putin's perspective, you would perceive it as your your western flank, the area where he says he doesn't want to see ne, so expanding. well, he now will deal with the reality that ne, so says it's bolstering its presence in latvia. in lithuania, in estonia,
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those areas very important because they have either borders with russia or with bella. ross remembering that russian troops, if we are to believe what we have seen and there's little evidence of the country, russian troops based in belarus, have made an incursion into ukraine from b l. r. us. so that's what nato is talking about. doing right now, the one thing they are not talking about doing is putting their troops on the ground in ukraine. that is not going to happen. but they are talking about very many other things. not far short of that dominant cain or wrapping up developments across the europe today. thank you. in version the prime minister bars, johnson says the u. k. will not look away after russia's act of war in europe. for his bones and tanks and missiles. i don't believe that the russian dictator will ever subdue the national feeling of ukrainians,
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and their passionate belief of their country should be free. i say, to the british people and all who have heard the threats from bruton against those who stand with ukraine. we will of course, do everything to keep our country safe. we are joined in our outrage by friends and allies around the world. we will work with them for however long it takes to ensure that the sovereignty and independence of ukraine is restored. because this act of wanton and reckless aggression is an attack, not just on ukraine. it's an attack on democracy and freedom in eastern europe and around the world nave. barker in london beyond a statement slide that which was pretty strong and not diplomatic at all. ah, what is the u. k expected or what action is the u. k. expected to take?
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did you get the sense there is no space left for the delicate language of diplomacy? bars, johnson going on to say that this hideous and barbaric act by putin must. and in fadia, he said that this is a conflict not far away in the other side of the world, but nearby only 3 and a half hours flight away from where we are. and london at a comfort could also ripple west to the united kingdom. we've already seen a country hit hard by a crisis in cost of living. you know, add to that the possible risk of energy price is going up. the price of food going up. another security complications needs to be considered by the british government, and this is something the british people here may well feel. oh, in the ordinary everyday lives going forward very, very soon bub. sooner than many think around 1700 gmc britain like many other european leaders, is expected to outline further economic and political sanctions against russia. they're expected to be deep. they expect it to be severe. we've heard the outlines
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of some of them, including stopping russia from selling sovereign debt to the u. k. usually done in the form of bones in foreign currencies to allow essentially russia to stall generating cash to bank. laurel this conflict, a lot of money goes through the british capital. the british, an economy is undoubtedly intertwined and into linked with russian money and unpacking and extricating the british economy from dependency on that russian money is going to be key indeed. and i was reading some interesting statistics that if britain is going to be serious about this, that they need to consider, possibly sanctioning, as many as a 100 russian oligarchs. and the allies going forward very, very lost the briefly talking about the consequences of what's happening. ukraine rippling over here, lloyd's bank, the biggest domestic bank in the country, as now beefed up it's cyber security systems. and as one consumers, that their bank accounts could well be effected if the situation continues to
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escalate as such. this is not something happening, as johnson said, faraway. this is on our european doorstep and cute name back in london. let's go beyond europe pan the u. k. now to china, which has refrained from singling out russia in its response, beijing's foreign ministry instead called on all parties to share restrict on the she won't be sheila basha hooking, we hope the region can maintain pace, and we call on all parties to exercise restraint and prevent the situation from getting out of control. at the same time, i would like to reiterate china's position that the true security should be comprehensive and sustainable. a legitimate concerns by all party should be respected and addressed. we hope that all parties to the relevant will not shut the door to pace, but dull, engaging, stood in dialogue and took his president, has come out firmly against russia, saying it's threatening piece across the region. will shannon will get an arrogance
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or the outlet to start by seeing that russia's military action against ukrainian territory the which started this morning is unacceptable. and that we rejected. this step, which we see as being against international law is a heavy blow to regional peace. your tranquillity and stability, and we sincerely regret that russia ukraine, both of whom we consider friends and with whom we have closed, political economy and social ties. who come to confront one another in this way? hold on me, said conceal you in his stumble with more on this to tell us more about turkey's position because the prison said it, they said these guys are both our friends well, yes, come out. turkey has find to position itself in the middle since the beginning of this conflict, because turkey is the, is one of the causal nato allies on based and flank. but despite that, it has little bit complicated relations when it comes to russia,
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a strategic partnership in syria, again in libya, in our, by john scott about into our manuals, our b john conflict. so this is a very important process for turkey. as for instance, ardon martha last week saying that turkey would neither give up on ukraine, nor russia. both countries are strong trade partners for turkey, and they have a dependent relationship, especially when it comes to the russia. turkey is dependent on its energy supplies . also for the tourism, so, so far took it, tries to take a diploma ethic mediation step, but we haven't seen any fruits of that. oh, those cherishes so far on the diplomatic table. but we haven't heard any turkish authorities using the word condemnation. they written or oral statement so far, so it's so clear that turkey is still trying to see the outcome of the conflict.
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and maybe it doesn't, doesn't believe that it is going to turn out to be a big war. also trying to spot support itself in a safe place. otherwise, a turkey's national interest and geopolitical position might be at stake, especially when it comes to the re evaluation of the monitor convention of $936.00, which gives turkey right to shut down the waterways in the black sea. yeah, i wanted to ask you quickly about that. the waterways, which are so crucial because it, you know, it was ukrainian ambassador because i was with me earlier saying that's the type of thing they're actually looking for. not the things beyond sanctions, actual concrete mentions. a well, yes, i'm in a turkey, according to monitor convention. turkey can shut down or the black sea a waterways. however, if it's a closes that because the monta convention actually binds the countries that have
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caused in the black c a. when you compare turkey and russia, 2 countries like romania bulgaria, they don't have. the navy is like turkey and russia do so technically, in the military terms, turkey and russia are sharing the it black. see if turkish shuts down the black sea waterways. it's russia while there are no war shapes or other things. then moscow may ask for air the re evaluation of the mantra, convention, and, and turkey at the id that the state actually early establishment believes that the monitor convention is the best deal that tricky could ever get in the last 100 years. so this might be a disadvantage quarter again. took, it wouldn't actually risk it, sim, casteel you with the view from its stand bold. thank you. well let's take you through some pictures which our produces here in the newsroom have been pulling together some of the most dramatic things we've seen in this 1st day of conflict
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starting with. i actually like to have a listen to this 1st, get a feel for it. ah, russian helicopters near kids firing flares. this is believed to be near custodial airport, which is on the outskirts of kiev. next pictures report to show it destroyed russian tanks near how he bodies there as well. this is in east in ukraine where there are reports of heavy fighting that is ongoing. wait for this one. there it is. a missile hitting what appears to be a warehouse in odessa looks like a targeted strike on that one particular building idea. what's in it? of course. ah, but the county defense ministry of this is a russian helicopter was shot down near kev says,
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russian troops attacked an air field near the capital. at least 3 of their helicopters were destroyed. okay, let's try to wrap things together with mo and be sure he is our senior political analyst. he is in our london use into good to see you again. my one ah, cold war 2, i think was the name of your article. i've just seen it in my inbox. say that you just written that bad. yes, sir. cold war 2 for sure. in on for a number of weeks now, are we thought or what put in was doing in ukraine? ah, was the latest in a series of actions he took in the lights of chechnya, ga ukraine, 2014 and even syria. but in fact, ah, the operation in ukraine this week. foods that this is part of our a different series of action duck. moscow had taken in its best and that was when
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the soviet union moved on hungary in 1956 on czechoslovakia, in 1968 and on afghanistan in 1979. this is part of a different set of invasions that took place during the cold war, not in the force called were era of the past 2 decades. and so in a sense, you could take a mile that this week's invasion of ukraine is, or has ushered cold war to because heading bank is difficult, we discussed this in the, in the last hour. the fact that ukraine is not, it wants to be a native country, but it's not a nato countries, or nato is limited in what it can do. and it certainly can't go in there. all guns blazing. absolutely. and so russia felt
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free to be able to maneuver its way in ukraine just like it did before. a new customer, a hungry and shook was over again, so and so forth, because they were part of the soviet orbit to fuel their part of the war. so back and there was very little that united could do about it. not directly anyway. and you know, as we know for several weeks for several months now, i would say since 2014 or even when i was at the nato summit room in a book garrison, 2008. when the russians were warning that her nato should not allow ukraine or georgia for that mandarin to become members that are russia could not afford to have nato deploy at so close to its borders. in fact, the united states have continued to expand a nato against the commitment of the bush administration,
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the 1st bush administration to the gorbachev government, but might be there as may. now we got to 30 years later and what we see come out is moscow on washington wasting 3 decades of course called war era to pursue their narrow calculus. they're not of interest in such a way that they basically brought us into another bitter era or a 2nd called, or, you know, a manual micron. ah, the french president, i mean, probably only a week or a few weeks ago was, was saying, let's discuss rushes place in europe. let's talk about some of their concerns, which is what russia want it now we fast forwarded to an actual open conflict situation has that opportunity. my one been lost to actually deal with russia's grievances and we're now into almost an open ended as you've described. another
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open ended a war situation. that's a very important question. i think, to a large degree, it was lost, but it's not last forever. in the sense that even when the dust settles on the issue or the conflict on the war and the evasion of your brain though superpowers, those european powers are gonna have to go back to the negotiation there. well, and figure out what is the future of european or ukraine or security? and so in a sense, i have, i have been quite a personally who supportive, although she ra peon efforts at towards diploma. and in fact, germany and france for more eager than washington and moscow to advance that to promote the process and present my goal should be commended for his efforts to really try to bridge the differences and bring both what is without appeasing. eat a either in order to talk about the future of ukraine, the future of security in europe, and why either europe are so concerned because their,
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their feet are close to the fire because they have experienced the cold war close close by. and yet, i don't want to sound cynical, and i probably will love to take this back eventually. but i would say it sounded like washington and moscow. what almost eagerly, not ging each other towards bringing back the cold war where russia feels like it's a superior hyper superpower. and the united states read takes the reins of power in europe through nato, which and the recently had become almost brain dead. irrelevant that you know for european powers, but now you quinn's being the price and now ukrainians are paying the price. you'd have p and securities, paying the price, and eventually russia and russians would pay the price. because i tell you, unlike the old cold war, russia is superior to the saudi. russia is inferior to the soviet union as it was during the cold war. and even then, as all we all know, the soviet union lost to the united states and to the nato allies,
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even if there was no, you know, shut, fired. but basically the soviet union imploded because it was inferior to the united states and to the west. and here we have russia trying to recall the old, all the yellow glory days of the cold war recalls its own. yeah. now, empire or superpower status. but i tell you this is going to backfire for moscow. and for the british government now and a shower is our senior political analyst, his thoughts from london to day and al jazeera dot com, as well as we approached the top of the up heated, always gonna be taking over here in a, at the desk. but just want again run you through some of those pictures we am we've been seeing which are produces in the newsroom have been a sifting through chess. there is a lot, i promise you, a lot of picture coming out. first of all, the russian helicopters, which we saw near keith of firing flares are seen.
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actually, i'm not sure if these are those pictures which are these ones. i think that's the are. i think those were the russian helicopters, which was shot down near the capital. apparently, russian troops attacked an air field near ki evan. at least 3. their helicopters were destroyed. which once, if we got next steam, roll them and i'll talk about them are, this is yes, this is russia, russian tanks, this is hacky. that's right. this is in east and ukraine. reports of ongoing heavy fighting their bodies on the ground as, as well there. and the next ones we've got, i think these are the ones from odessa, no sound on this, but well, you know, what happened? they are a missile targeting a warehouse. ah, looks like a target, a strike on that one particular building bear. and as i said before, just all of these pictures showing us that this is happening all over ukraine. we'd folk so focused on the eastern states weren't way. but really these attacks coming
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south east and north. let's just roll those pictures. i started talking about them when we had the wrong pictures. it's rolled them ah, it's an odd sound, as it is. my ominous russian at helicopters near what was the name of the l airport, hostile airport, which is on the outskirts of key of russian helicopters, firing slaves there as well. and you see some of the aftermath of that sort of see okay, we're coming up to the top of the, our live shot for you of the ukrainian capital key. if we had the ground shots not long ago, we haven't got those at the moment, but it's pretty empty isn't actually what as i say that you can see
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a little more traffic on the roads there just now, but so much of the traffic was out going you may remember those pill, so as the ways that you lose the picture when you talking about it, there it is, back again on one of the other fades. the pictures we saw of all the cars heading out of kiev and ukraine's neighbors preparing for that exodus and to taken ukrainians. or if they have to, ah, we had those are images a little bit early. they go the huge number of cars out on the streets all trying to get out and her just a few, seeming to head back in this was earlier in the day when there was a mass of concern about what was ahead because of that barrage of missiles and attacks earlier in the day. okay, i'm going to stop talking. now we're going to give it a couple of minutes break. and unpaid, adobe is going to come and sit here and take you through the next few hours of development uncommon, santa maria, thank you for staying with us. ah,
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hello and welcome. it's 15 hours g, m, c, 5 p. m. in kiev. on the day that russia invaded ukraine, i am free to adobe without continuing coverage. ah, ukraine is under attack from land and sea major cities and military bases are under fire is the full range of rushes military offensive. it is far.

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