and violence they deploy the powers of social media. their messages are spreading like wildfire social media is critical it's critical to everything that we and thousands of. cars. on the street because they know women who are changing good morning to already. digital. starts barkeep on t.w. . good to the next financial crisis come from russia with the kremlin using billions of dollars to prop up ailing russian banks people ask how long taxpayers there can carry the burden also coming up the u.s. and chinese negotiators resumed their talks over a much anticipated trade agreement this is us president on from seems increasingly

flexible regarding the deadline of the deal and as the next meeting of the us president north korea's leader kim jong un is drawing closer how noisy barber is trying to drum up some business with the world unique hairstyle of the summit's main participants. i'm chris cuomo good to have you with us russian president vladimir putin will deliver his annual state of the nation address later today it comes amid the background of an economy aching under western sanctions with russians being forced to tighten their belts and the country's financial sector seems to be in turmoil as well some of russia's biggest banks can only survive thanks to financial aid from the government the w.'s drugs or its reports. prams bank and oak creek are just two of the financial institutions that russia's central bank has stepped in to save decisions that cost millions for their losses could be

on the horizon reports suggest that some one hundred fifty banks in the country are on the brink of collapse lack of capital is a major problem from what i bonkers from three groups the central bank maintain strict oversight of the small and medium sized financial institutions but it's more lenient towards the big banks they adopt the principle of too big to fail. if they bring sort of big before. the central bank traditionally intervenes to prevent the demise of major banks smaller privately owned financial institutions are more likely to lose their licenses if they are too low on cash. this system of regulation and supervision aims to promote competition strict oversight encourages competition. or. it's pretty even. the reality on the ground however is that state owned banks are increasingly lending to state owned companies the effect of all this is to dampen economic

growth western sanctions which make it hard for russian banks to access international markets have compounded the problem. the reality is that we're in the midst of a recession it's not western sanctions that are the cause they simply make the situation worse. particularly the country's increasingly shaky financial institutions are causing people to lose faith in the system a recent survey suggests that one in three russians believe they're best off not parking their money in the bank. for more on this let's bring in correspondent erin tilton in moscow erin we heard about the ailing russian banks there how big of a problem is this. well here it's actually hard to come by official numbers but media reports indicate that some one hundred fifty different banks may be facing insolvency in the near future and the central bank has stated

regarding this time and time again that russia has too many banks but at the same time that it needs to see more competition to actually encourage economic growth but that really is kind of the crux of the issue many observers here complain that the central bank is doling out help to these alien banks for political reasons and not necessarily based on free market principles the result is that many of the banks that actually small and medium enterprises depend on to keep their lights on and keep their doors open aren't actually getting the support they need the result is that is that many of these smaller companies especially outside of moscow st petersburg or the other major reasons aren't having the access to the to the capital markets that they need to survive and their president putin will be delivering his annual state of the nation address later today the russian economy has really been under pressure wages have been dropping and people have been forced to tighten their belts how will mr putin address these issues. well he's really expected to focus on the economy when he speaks to the nation in just a couple minutes time you have to remember the deal putin struck with the russian

people eighteen years ago and he was soon power was if you give me almost absolute canonic are actually political power i will give you a prosperous economy and that was really true the first couple of years of his of his presidency however the economy has stagnated in the recent years i mean it still heavily depended upon the oil price and we know that has tanked in recent years and real loans have been drop or real wages rather have been dropping here they're down one point five percent over the last four years and a series of very unpopular pension reforms have brought out people into the streets we've seen the most serious demonstrations against putin's power since two thousand and twelve and this is really because of the alien a calm. i mean many russians here on the ground feel that they're the ones who are paying for the stagnant economy so it's really on putin to prove that he has the ability to bring back that prosperity of the early two thousand you know be a correspondent our until the reporting from moscow ahead of president putin's annual state of the nation address aaron think it's a much. u.s. and chinese negotiators have come together in washington during their talks on

reaching a comprehensive trade agreement washington is pressing beijing to make changes to its economic policies which it says unfairly favored domestic companies through subsidies and of the support now at the same time china's top diplomat is demanding that the u.s. respect china's rights to quote develop and prosper. washington is pressing china to end practices the u.s. says include intellectual property theft and forced technology transfers from u.s. companies washington also wants paging to promise it will not devalue the yuan currency the measure would aim to neutralize any effort five beijing to counter american tariffs by devaluing its currency china says it's keen to reach an agreement with the u.s. . in china and the united states can make joint efforts to implement the consensus reached by our leaders during their talks in argentina and that we can work hard and meet each other halfway to reach an

agreement that's mutually beneficial and when when i think it's in line with the interests of china and the united states and is also what the international community expects on thursday u.s. trade representative robert light hisor is to lead a fresh round of talks with china's vice premier you say in washington this week's talks in the u.s. capital follow a round of negotiations that ended in beijing last week without a deal. well japan's exports have seen their biggest drop in more than two years as the years trying to trade war put the brakes on demand for japanese authorities cars and heavy equipment and generally japan exported goods worth about fifty billion dollars that's almost nine percent less than the previous year and a steeper decline than economists had anticipated on the whole the data paints a picture of an export oriented economy that's shifting down to a lower pace of growth as uncertainty about trade frictions we can. demand.

the obvious financial correspondent daniel cope is standing by the frankfurt stock exchange daniel worrying numbers there from japan which is one of germany's big trading partners how's this news going dharma frankfurt. well chris when you talk to traders here they are all blaming all of this on this trade dispute i guess we should even call a trade war that has over our shouted to the head of not just activity markets around the world but has really slowed down the economy we have seen this happening here in europe but certainly in asia as well and today once again with these not very promising numbers coming from japan and vespers i really feel that it's crucial that those things get sort out as soon as possible and when we talk about the trade discussions between beijing and washington it seems that investors are in fact optimistic that a solution a possible agreement can be found we have seen that when we took

a look over to the asian markets also today the signs there are promising so investors are really hoping that we will have a solution very soon then the copen frank church thank you so much. yes president donald trump and north korea's leader kim jong un are told their second meeting in vietnam next week and while the world will again be watching whether there is any progress on the nuclearization local businesses and their owners also hoping to profit one hanoi barber has already grabbed his scissors and got it if you're not careful you might think that u.s. president donald trump and north korean leader kim jong un had already met in vietnam but it's just the latest hairstyle crees in the vietnamese capital annoy you can have your hair cut to look like your favorite leader like the donald.

i really like donald trump so i want to have his hairstyle. but if the trump look is not snappy enough for you there's always that handsome devil from pyongyang to copy especially if there's already a resemblance. many people say that i look like kim jong un and this hairstyle just makes it more obvious. the supreme leader looks just about done and the u.s. president is getting the finishing touches the famous ducktail and then of little bit of jail to make it all sit just right there hairstylist says he's doing his part for world peace. hanoi is a city of peace when donald trump and kim jong un decided to come here to talk about restoring peace and i think i should do something to show that people here welcome the summit.

so if you're in hanoi for the tete a tete get yourself a peace loving hairstyle that's a cut above the rest. contributing to world peace by cutting hair not a bad idea well that wraps up this edition of v.w. business if you want more you can always check out our website at v.w. dot com where you'll find the latest on lattimer putin giving his annual state of the nation address as well as the ongoing trade talks between china and the us or you can also follow us on twitter and facebook of course i'm chris colburn villain for me and the entire team here thanks for watching have a successful day and we'll leave you with this quick check on the markets.

my first boss was a sewing machine. where i come from women are bones by this motion for even something as simple as learning how to write them by side poses and. since i was a little good i wanted to have both eyes that the both my home and it took me mr bunn. finally gave up and went to buy me on my side but returned because sewing

machine sewing i suppose was more apt pro-create for those than writing i'm biased as knowledge i want to reach all those woman back home who are involved by their duties and social norms and inform them of old dead basic rights my name is the about of people and i work at speeds of. the fashion world mourns one of its greats iconic designer cala lagerfeld has died aged eighty five at a hospital just outside paris we'll look back at his storied career spanning seven decades his designs for chanel and his own brand and of the and they'd matic man

behind those dark glasses. welcome to this special edition of arts and culture paying tribute to the late great col lagerfeld one of the most admired and influential designers of modern times with me in studio is d.w. cultures melissa holroyd. colorado photo once said of himself i'm very much down to earth just not this earth that pretty much sums it up he was larger than life hard to even imagine that he was just a mere mortal yeah he was he has been synonymous with fashion for decades now and he did turn himself into somewhat of a mythologized figure he was more of the popular i call on or a carrot to a real person to those who didn't know him so it's certainly his is uniform eighteenth century inspired dandy appearance he's ponytail he's passion.