india oh she's available in the movie going to join me that shows that i love you that's a great way to turn the grand imperial truly told us to push coromandel you can a little child children which i say don't need to go and. read this in the kernel was her job as used to retreat. global market fever u.s. stocks head south in the first trading session after the credit downgrade it comes on top of the volatile tiled trading day elsewhere in the world thanks to the spreading european debt crisis. anarky in the u.k. parts of london turned into a battlefield for a second night as rioters and looters react to a fatal police shooting. and war stories three years after georgia's attack on south set here with top of those and bear the scars of the conflict about how they're rebuilding their lives.

mike from moscow you're watching r t with me and he's now away at seven pm here in the russian capital eleven am in new york where the u.s. markets have opened and join the rest of the global economy by heading south the dow is hovering between two and a half and three percent down it's the first reaction to the downgrading of america's credit rating over the weekend but the euro zone that crimes is also speaking investors as you can report miles in new york and joins us live looks like the u.s. has picked up this global trend give us more details as to what's going on at the moment. as you mentioned things are heading south of the in the first minute of trading the dow opened down more than two hundred points within an hour it was down more than three point two percent now that number is going up and down and changing

but clearly it indicates a climate of uncertainty this climate of uncertainty isn't just here in the u.s. but it is all over the world and of course this is this comes after the us and poor's downgraded the u.s. credit from aaa to friday evening this is the first time in history the country of the world's largest economy was kicked out of this triple a club and to sum it up he says sooner or says the u.s. government needs to get its fiscal house in order following all the drama surrounding the debt deal the credit agency believes that enough has not been done by u.s. lawmakers to to balance its books in addition to all of the political posturing all of the bickering all of the back and forth mudslinging hurt the overall

confidence in the u.s. economy that is according to this credit agency and so after we saw that the u.s. credit was downgraded from aaa to double a what else happened we saw the republicans in the u.s. blame president obama we saw the ministry or the surrogates of the u.s. administration blame the tea party so the blame game just continued even in the aftermath of the credit of the united states being downgraded right now it's still it's a climate of uncertainty the credit agency said that there is a chance that the u.s. credit rating could be downgraded even further if the u.s. does not get its fiscal house in order and does not stop this ongoing process of borrowing and spending. volatility came after friday's downgrade of course the default was averted earlier in the week last week a last minute deal with congress what do you hearing about how all the turmoil

interlinked. what we're hearing is that essentially it's the actions as i mentioned the actions of the u.s. leaders the government all the bickering that took place led to this it's not just about the economics but the way in which a compromise can be reached by the leaders that are at the head of the largest economy in the world and if investors are looking to the u.s. to invest here put their money here they want to feel secure and that security according to the you know the credit agency one out of three. very very much compromised but we do hear that even when it comes to the cuts that were agreed upon many are lawmakers and many americans believe that there is some in balance in spending by the u.s. government for example the u.s. defense and security department of the u.s. government they spend and get a budget of seven hundred and five billion dollars per year. you know when it's

been recently reported that the pentagon spends twenty three billion dollars buying new global hawk drones and then twelve twelve million dollars have been cut from the food stamp program in the united states so there's more than forty million americans living off of food stamps as you can imagine this is this is they feel a lot of americans feel that there is not a priority put on the people right now because the priorities still going towards military spending wars a quick mention arms and what spending money overseas outside of the borders of the u.s. when when the people living here are the ones that need the funding the jobs and the attention and the spending most of all. from new york thanks for that update. now europe's stock markets are also in the rally after the central bank said it would start to buy spanish and italian government bonds to restore confidence

proved to be short lived. following the situation from. the e.c.b. the european central bank made a wrists on the announcement to try and reassure people saying that it will boil italian and spanish debt which normal to touch at the moment but chancellor merkel of germany spoiled the party by saying that she wouldn't increase the e.u. bailout fund suggesting that if it's only and spain collapse if their economy goes on and that she and germany europe's largest economy won't help instead merkel is piling the pressure on the states for even more painful measures that italy's prime minister silvio berlusconi says he'll bring forward the savage government spending cuts in italy by a year now italians already furious thing bill oppose those measures so there are talk of a national strike in italy at the moment obviously. there are big g. seven g. twenty groups of leading economies have held an emergency conference call to say

that they've got the situation under control but investors are voting with their feeds here in europe and they say they just don't trust them the fact that's america's in panic after losing its aaa credit rating and it's squeaky bum time for investors at the moment. well go hunt van overtveldt editor in chief of trans magazine which is belgium's leading business journal says although this plunge isn't as stark as the two thousand and eight fallout two still there parents that. lehman was a kind of big bank whereas now we are more in a situation where we are on a gradual path down in terms of growth prospects in the united states in the eurozone and also with respect to the way in which. these are handling this crisis in the euro zone the two fundamental issues the lack of political union and the lack of labor market flexibility. are still not being fully

look at india. and as long as you know currencies are not the. taking of these problems and going for real incredible solutions we will have this crisis situation . and asian markets have closed in the rag following a rocky trading session argues korea streeter has more from asia harvest economy india. all the markets are down here reacting very strongly we're hearing strong words from chinese political leaders as well one chinese newspaper actually said the u.s. government has to realize that the good old days when it used to be far away way out of math is is over so everyone's watching this very closely india is the third largest economy in asia and asia as a whole actually holds three trillion dollars to the united states china being the number one u.s. debt holder in japan being number two so they have a huge interest in what's going on over in the united states actually gone analysts

are saying that this point in some way that if the asian economy because of the risk aversion that's happening so if investors actually look away from u.s. treasury bonds they might actually want to invest more in certain factories in china but obviously we can't predict exactly what's going to happen but if clearly creating a domino effect across the world in asia is going to continue to watch to see what happens. and our news business desk is keeping a close watch on the world's markets to me how are russians stocks responding to this global volatility well one of the worst trading sessions we've seen since two thousand and eight actually the biggest the one day drop for the oughts yes it plunged more than seven and said just one of the six declining five and a half at the close so really a lot of thought like a lot of most of last minute selling goods that was pretty much expected off of the

. most free said just that the opening of the session. another news of burned cars rash windows and london is recovering after a weekend of street riots the un has followed the fatal shooting of a man by police and it is seen at least thirty five police officers injured and a hundred and sixty people arrested and that is in the. obviously it's much less attractive to shots in the daylight and i think that's part of the one of the factors that has brought this situation much more under control this monday morning we all still hearing reports of pockets of. ranging around particularly in the areas of brixton in south london and and fields and the surrounding area in the north but mostly what's under way at the moment is a massive cleanup operation after last night's looting and rioting at least cars

have been smashed up and at least and so. we're hearing reports of travolta's having been thrown at police meeting with. the rights of shops is that right to. know i was in enfield last night where that the center of the violence started and . you ranging through the streets smashing right he actually whatever they could attacking shopfronts particularly shop fronts with attractive things inside it started off on saturday nights in talking and what started off as a peaceful protest outside the police station following the fatal shooting police of a man called mark duggan there about three hundred people holding a silent vigil outside the police station we're hearing reports that what sparked it was a member of the police attacking a seventeen year old girl with a plaque on that quickly circulated around the crowd and we're hearing that that's what sparked this violence that these areas that we're talking about particularly

talking and where this all sparked off it's an area of massive social privation there's a lot of. the police is relationship with the community and there has been for many many years there's also a huge amount of unemployment talk and has one of the highest on it to use the unemployment figures in loans and living off benefits has become a way of life in these people some of them are literally hopeless they live on benefits at the moment they see no. no time in the future in which they will have a job and be able to better themselves safe people do feel ignored in these communities. well it's not the first time anger has spilled onto the streets of london bottoms are to dot com it wants the public reacted to post watching back in march and says of thousands of people expressed their fury at the government's actions on the economy find more details of our. three years ago georgia loans to attack on the people of the small republic of

south of the five day war in which georgia tried to reclaim its old territories claimed hundreds of innocent lives. in the south of capital city still struggling to come to terms with the losses. attacked suddenly around midnight and the first trikes happened here of the russian his keeping brace and now what you can see behind me and i was slumped over the base there were around two hundred fifty soldiers here and they forced all knowledge which were good russian troops to iraq russia stand in troops to protect the republic citizens many of which were russian passport holders and we also were hiding in basements and blown out of buildings overhand twenty three soldiers were killed and many injured and sound we managed to talk to they told us that they want to keep of this building untouched and of the memory of what happened ham meanwhile the morial service began last night and it will be held for throughout the day the sermon he started at eleven thirty five pm

that's exactly the time when george opened fire over the hundreds of people again last night to light candles and to pray for those who were killed three years ago in a brief but this truck to conflict many came where the small children people were listening to the rag and they also released white balloons into the sky and the memory of life to happen hey at three years ago they will last it will. but hundreds were killed and many injured him or was mostly destroyed after bolling's the rounds of all the face of this that he has changed within these years still the locals are trying to reach for their lives and women to speak to some of them who are still struggling to bring their lives back to normal. i come here almost every day i sit and talk to my son so i know i don't lie next to my dear boy. for the last three years stacey signet has come to this cemetery in self-assertive where her son

is birds five days unorganised two thousand and eight split her life into a before and after. as when her son a medical college graduate heard they were public's capital t. involved was under attack from georgia she rushed home to help the injured he died in her arms as they lay trapped for days under the rubble of their apartment block that was in the torture all teary as firing line. as the only thing that makes her life worth living now is return she's year old daughter they now live together in a newly built house surrounded by families with similar tragic stories. of this area where we're live with specially built to those families who lost their loved ones and in love with nothing in the towns across the street lives are lost to

children and to the house opposite lives a man who was and knows his wife and his child. all these people are victims of georgia's military aggression in all those two thousand and eight we try to retake control of the ground breakaway republic itself the strategy and a russian peacekeeping mission in the region also came under fire nursed my obese diet i was on duty with them and witnessed average thing that has. and that night for its. fire when you know it was going to be our last night but it was still carried on peacekeeping mission and tried to be calm. most cool soundtrack enforcement to protect its citizens and prevent more civilian deaths within five days georgian troops had been repelled three weeks later so russia recognized such as in. the last three years have changed the face of this thursday i new residential air where new roads and even burst

a new strategy and have been built but still signs of the conflict remain behind my back are all that's left of good russian. who lived through the horrors of the brief but badly conflict the memories are still gladly roll. which in the question will r.t. reporting from c involves. the resume in georgia is similar to that of mubarak era egypt says. a former georgian m.p. an expert on politics in the caucasus. we are talking about the contrary. position we present the real problem to life shaka zulu treats georgia as he's on the only before introduced size of georgia and egypt has really matter how much egypt was playing a great deal for the united states in time so for us to go through in the middle east georgia does not in the region but the fact that we have political prisoners

we have no free media and autocratic rulers whose reckless behavior it puts you for the call decisions already play so many people for my country he is the one who started this madness the genocide against his own people and the cooperate there only cool period the one who started the war but one who is going to have years before this action is called and. just before the anniversary to meet him it's really just spoke to me in other media about the south a sense in a conflict the president has georgia's leaders cd some states and international tribunals of crimes against russia and it's not signals it's full interview is available on. the document leads to britain's times newspaper has revealed a western blueprint outlining how rebels plan to control libya after moammar gadhafi is deposed and scribed aims to take over the security infrastructure with

foreign help my. research associate at the center of globalization says nato's goals in libya are different to those it presents to the world. people in the transitional council individuals are talking about a regime change. british probably. didn't. do it all that we can. actually get the population of the great the population to overthrow the government you know is not bombing for . me your belief that if you leave it you're very different from what it was then. most of the world might not know what it knew. and been trying to create blackouts in tripoli and. been using this for over

a terrorist. now to the violence in syria where there has been fresh attacks on anti-government protesters across the country gunfire and explosions have been reported in the cities of. more than three hundred people have been killed in the past week the bloodiest in the five month uprising against president also this rule saudi arabia has called in from syria adding to international condemnation of the crackdown on protesters for more insight on this story i'm joined from brussels professor of history here. joins us right on the line. thank you for being with us this evening president promised this prayer and free elections but at the same time continues a violent crackdown on protesters how do these things go together. when we have some very well about syria the country. egypt or tunisia

it's not the revolution population against the poor or to go around. but sure you can fish and communities. droops interest so i spoke in syria with christiane for example at the beginning in march to. the street but. much of what you have to know. because. this demonstration a big influence from. the movement based on. the source some of them became afraid of the installation in syria of. this state so you have to understand that. interest and the opposition is divided some of them no support directly to not because they love

especially russia but it comes to our. civil war or. the other us has led to syria's deepening isolation even with relatively close countries like russia and now saudi arabia joining this chorus of international condemnation what do you think the government wants to achieve and who will it be able to rely on in the future. so the international police it's a bit cynical you know to the nation of the. international community not to see that. we can so we can see in libya for example. why because nobody. has been traced. of the destruction in the destruction of. syria. just to example to being able to israel you will

see israel. could be brothers. because since so many years the negotiation big. between. israel and syria and no mass you see very careful about his border. because he's afraid the. sword years or attacks of from israel enter in in syria but because there is a community of jews in syria and. i should the security of these border thought that you will see from six year for some years. to give a lot of good senior to syria so do you. and the syriac could be a good medium between. iran for example so between or to

see what i think everybody prefer about. it professor pierre vive from brussels thank you very much for your analysis. but next hour we have more on the situation in syria and the arab world when we talk to iraq's foreign minister. to stay with us for about next hour right now here with business update for you. i'm sure business of the russian markets took an enormous hit on monday the r.t.s. is down almost eight percent the nice x five and a half percent at the close the biggest one day fall in three years reverses have been mirrored in markets around the world traders have been reacting to the downgrade of american debt on friday and concerns of europe's ability to get out of the mess. the situation is clearing nothing short of a panic we have seen

a somewhat panicky mood in the market last weekend luckily we had forty eight hours today just the s. and p. downgrade over the weekend we seem quite knowledge of how a session this morning expected me the market opened for traffic down then with a pretty hard start to the losses and closing still lower and especially usable plus the blue chip universe which is the easiest to get rid of and we have so we will be observing the moment stenson signs exhibits he is sadly seen a hedge fund strange a period in the future names and little new situations trying to pick up some value plays in the second tier universe for let's take a look at those figures once again for you yes exactly the figure seven point eight percent my sixty five and a half percent as we mentioned before the biggest one day drop in three years since the crisis of two thousand knight if we look at some of the main outstanding i'd

say movers ross telecom down more than ten percent in this session the stock has been bold even without the news about the s. and p. downgrade of u.s. foreign debt burbank and down six point three percent one of the most liquid stocks on the markets but the only little game i use polos gold up point four percent because of higher gold prices who look at them and it's like the. u.s. markets are trading deep in the red but we'll look at them in a second unfortunately was showing european figures here for three down three point three percent for foreigners let's move to the u.s. market figures them dow jones down more than two percent nasdaq three percent this is pretty expected bank of america loser the down more than nine percent on the dow germs. back to european markets figures then the first see down three point three percent as i mentioned jacques. five percent this

is of course despite statements from the european central bank that it will be intervening on the on the market to buy sovereign bonds and now it's moved to commodities gold a set of fresh regular it's worth more than seventeen hundred dollars per ounce silver also gaining two percent this is of course as investors are looking for a safe bet have a time of great volatility but crude prices are showing a different dynamic in light sweet down three dollars brant three dollars eighteen cents this is of course as investors are concerned the future of the man for crude oil as that of the biggest consumer the united states has been downgraded. now russian stocks nosedive monday jacob now from morgan stanley says the country's economy will not be hurt and less oil prices go below a certain that the key thing to watch for russia is the oil price if it all price

goes below about eighty dollars a barrel then russia is in trouble and if it stays above eighty dollars a barrel russia's foreign oil because the oil is so crucial for both the balance of payments and exports and for the budget. we don't expect a repeat of two thousand and eight when you had a funding crisis in developed markets which hit growth and then hit commodity prices and then hit russia at the moment we still see the support for commodity prices is still there so although we speak spread some volatility some choppiness. looking ahead it looks like russia is reasonably well supported with oil at around one hundred dollars a barrel at the moment headlines are next with a nice. it's

easy to. just. say. wealthy british soil. sometimes it's right on. target. markets finance scandal find out what's really happening for the global economy for a no holds barred look at the global financial headlines tune in to cause a report on our chief.