you know movie that's a great way to go to the ground if you are truly that george was. you kind of let's go to socialism which is its ability to go and. run this is the kernel was the tone as used to retreat. chaos reigns outnumbered and beleaguered police struggle to restore order in major major british cities locked in a spiral of violence and the looting. here in south west london to clear up operation begins as police prepare for other nights of violence. in other news u.s. stocks call back losses following their biggest flopping years amid fears the downgrade of america's credit rating could worsen the slowdown of the world economy. and europe's top banker says the continent is going through the worst financial crisis since the second world war as the central bank finds bongs from the region's

crippled economies. live from our headquarters in central moscow you're watching our team with me and you so now eight and seven pm here in the russian capital four pm in london where the random violence which has gripped the city for three days spread like fever across the u.k. overnight leaving a trail of destruction smashed windows looted shops and thousands of cars on fire in a number of cities all sparked from what was initially a peaceful protest over a police shooting in south london aren't you clever bennett is there our moment and joins us live ivor how is the atmosphere in the streets now any signs of new clashes. oh i'm in the place called clapham junction which is in southwest london and it was one of the worst hit areas last night we widespread looting vandalism.

and arson as well and this area behind me is still been cordoned off by the police is the main crossroads in the area and the main high street with all the shots on it and the ground is really listed with glass a lot of the shop windows have been smashed in and the police are still treating this area is a crime scene right now there hasn't been any repeat of the violence we saw last night here but just from being here in our seven speaking to the masses cry in the residence the congregating around the police barrier they've been saying that the word on the street is that wandsworth an area just five minutes away down the road is next actually and that's the fear isn't that that's where the fear is amongst residents that the there are plans to vandalize and further down the street once again and already so often in there were reports in south east london of renewed looting and violence there in the and packing we should two areas affected yesterday. take us through what sparked this may have i mean it seems like the initial cause is getting lost in all of this chaos. all started on saturday night

in tottenham which is a an area in north of london way up north miles away from here actually following the fatal shooting last week of a man called mark duggan by police started a peaceful protest outside the local police station that escalated into arson looting and vandalism and then over the course of the last three days or three nights even. other looting is going up and fresh riots run up all over london simle train is the last night and i was the worst it was in in areas all across the south and east and west london to the police and the politicians were quick to say that that was copycat violence and it wasn't anything to do with is affected with. society and unemployment and the economy they were saying this was just mindless violence people jumping on the bandwagon of a genuine cause and that's what that's been put down to. however just

a few moments ago when london mayor boris johnson turned up here along with the home secretary theresa may they were given a pat announcement to the press so i could hear what he was saying all the shouting abuse and heckling me go from residents here who are angry at the police firstly not turning up here within two hours and the rioters got two hours free run of all the department stores here forty one turned up they're saying police are wanting to protect the wealthy suburbs but not not the areas right here in the poor areas that were hit by the riots and secondly they're saying this is still once the people here might not know mark it is still the same cause and these people who are doing the right thing were very unhappy from being alienated by the police and they feel they're being targeted as communities and being left to fend for themselves and the unemployment is high so that's what they're all happy with that's what the people on the streets are saying so isn't this continuity there the police apparent

preparing for another night of violence here by. our. presence on the street from six thousand last night to sixteen thousand and they have now said they're there we prepared to use plastic bullets to deal with them for more on the possible causes here is my colleague laura emmett who spent last night in hackney in northeast london. london's burning writers and police take over the capital for a third night as leaches target yet more areas of london in a spiraling cycle of violence police sealed off streets and treat whole areas is crime scenes with local communities trying to come to terms with the wave of looting and go thing north east and south london in tottenham where it all began the high street is a burned out shell the police the job center are the banks everything that's happening the recession and you know there's a lot of anger about that no charts now. for the youths to do it was sparked by the

fatal shooting by police of this man mark duggan tottenham once on says about why and how he was killed by his shooting with just the spot in an exceptionally dry tinder box tottenham and other london boroughs have long been simmering with resentment towards the police towards social injustice and towards unemployment this is a community which is a fantastic precious or how levels of unemployment then are losing their lives and services youth clubs being closed there is never any excuse for violence it reaches it in the courts and the warrants and concerns and cleaned it up are talking with a stark wish list for tottenham has one of the highest unemployment rates in london the tickler amongst the young black people are far more likely to be stopped and searched by police and whites and together with hackney brixton walthamstow and

lewisham which also saw violence has become a victim of what prime minister david cameron is now calling failed multiculturalism this. powers some of the best mic groups. these groups interest. groups are which you know the pope will there going to no restraints. on the races poorly varies. but i think you know something should be done unless these gangs of youths tire of the violence there doesn't seem to be a real reason why this looting should stop it's unlikely the perpetrators have jobs to go to and school's out for the summer london residents fear more unrest on the streets in the coming days to lose it on making a political point and hardly anyone in these communities supports them but many a thing about actually is a political. points that social integration in parts of the country is deplorable

social mobility is nil and the relationship with the police is bad as it's been for years and with cuts in government spending looming over the next few years the situation is very unlikely to get any better nor ever it's actually the stuff that . some sixteen thousand police officers will patrol the streets of london wednesday night in a bid to prevent more violence well for more on the situation we're now joined by investigative journalist tony gosling who joins us from thanks for being with us many believe the riots are no longer about the killing of mark duggan what are they about at this point. well i think it is after four nights of rioting it's nice to see the prime minister finally back in a country and i think actually what this is about is forty per just this one killing last thursday it's about a crisis of leadership in this country we've got a prime minister that doesn't really connect with the people

a lot of the policies of implementing are actually dictated to him by the banks and he's lost touch with ordinary people there's also a crisis of metropolitan police that supports the incentives are very well respected leader of the metropolitan police have had to resign recently and this seems to be like a rudderless ship the police around so we're also confronted with this whole generation of young people many of whom voted for the first time in the general election last year for the liberal democrats a lot of them and they've all been betrayed they all feel angry that it's a simmering anger under the surface but this killing of mark duggan last week early was the spark and it's not the only death of any minority that the police actually been responsible for so you know we've we've had something like three hundred and forty deaths mostly of ethnic minorities in police custody over the last twelve years now that's around about one a month without a single conviction of a police officer so this seems to me is

a message that this particular killing lost last thursday is not going to go unanswered and it was also absolutely disgusting the police metropolitan police which is what talk about the crisis of leadership their response to that killing because basically just ignoring the families please to have some explanation we've also heard now that there was lies told on the day to the press about who had fired the first shot and it also seems dumb dumb but it was used to kill mark duggan one shot to the chest we're told so the lies that we're told on the day just make things worse so this is very irresponsible behavior by the police and i think we need to see a wholesale reexamination of the way that we investigate. these various kinds of death either in custody or as people are being arrested because it starts to look like there's some kind of shoot to kill policy out there that said how do you see this situation developing in the coming days. well i think unless there's decisive leadership and decisive action from the prime minister from the government which

frankly i mean he's doing some soul searching right now i imagine david cameron but will he finally solve this is the question unless there is some kind of decisive action this is likely to continue to but sort of bubble along but i don't see that decisive action happening i think what we need first of all is kim for cameron to recall a very well respected policeman new who resigned for sleeves to somebody who is well respected and very experienced to run the metropolitan police now and to give them a boost morale and we also need to know the names of the police officers and the firearms people who shot mark duggan and we also i would say as a society would be nice to see those that officer who fired that fatal shot arrested and that would give a lot of confidence that the police are not above the law because that's what many of these young people are saying i'm not excusing the violence of the verney of course that's criminal behavior we should be punished but you have to understand that there is a big reasons for this and the been going on for many years and particularly the

mistreatment everything on your teeth by the police both in custody and by the rather ruthless right they seem to arrest them and the u.k. is running billion supporting nato missions in afghanistan in libya but it cut its cutting social programs back home do you think londoners spending its money wisely here. well look any so that is the backdrop to all of this which is this is a kind of an i.m.f. riot the sort of thing that we used to see back in the one nine hundred ninety s. and eighty's in third world countries that kind of thing is now coming home because this is the backdrop to all of this is the austerity measures particularly the way that the youth have been completely sold out most of these people who are out on the streets really feel there's no future for them they've been spending a lot of their times doing things like playing video games and they can't see a future for them in conservative britain so there's going to be a lot of soul searching within the government and also there's going to have to be some kind of art so given for these young people i suspect the conservative response is going to be to come up with something like national service but that's

not what these young people need they need a future they need jobs and that's what we need from the government is decisive action against the banks to actually take back control of our economy and investigative journalist tony gasland on the line with us live from bristol thanks for that. well our web site argued are calm we're asking what's the driving force behind the u.k. riots so far the majority think it's the result of heavy handed policing others blame it on the struggling economy and the failure of multiculturalism in europe while the rest believe it's criminals trying to grab anything they can join the discussion drop us a line at our t.v. dot com. the u.s. markets are in positive territory stocks climbed in early trading after seeing the worst drop since the crisis of two thousand and eight when the federal reserve meets later to discuss how to pay the struggling economy after the credit giant

standard and poor's downgraded america's rating. is across the latest in new york. i wouldn't go that far by saying this is the start of our coverage but this is a lot better than what we saw play out on monday wall street experienced its worst day on monday since the two thousand and four prices all three major u.s. stock indices fell between five and seven percent she's the morning when these indexes were rising this stuff's rising slightly as the markets recently opened clearly it's a little teeny bit of a sign of optimism as you mentioned the federal reserve is meeting today and then many traders traders excuse me are speculating that the fed may announce more help for the economy but this does not eliminate or take away the fact that. did kick the united states out of that triple a credit clogged and this is what caused this is something that caused the stocks around the world to plummet it was like

a big rock being dropped into the water and we saw the ripples going up all different directions what i'm hearing and what i'm seeing because i live here in the u.s. is that the economy is not faring well there are fourteen million americans at least unemployed according to the department of labor an additional six. when six million that want to drop but have become so just courage from looking and not finding one that they've just put their hands up in the air and quit in addition to that we are very lean right now there's a lot of job insecurity gas prices are going up the confidence is low and part of this debt deal that we saw play out in washington a lot of federal funding for social programs are being cut food stamp programs post offices are closing down a lot of services that that every day people rely on are now being slashed there's a hesitation on spending money and as you know this is

a consumer driven economy here in the united states it's all of this is systemic it's it's connected and there's a lot of uncertainty in security and i can tell you first ration and anger is increasing among everyday folks that are doing their jobs paying their taxes and seeing that there's no security and they don't know what will happen tomorrow so who knows what will happen next but by no means do do the majority of people in the united states think that the economy is faring well for them. well here in moscow our business desk is keeping a close eye on all the latest developments on the world markets three is joins us actually i should say us markets are positive seems like a slight recovery how is that affecting the russian markets today the russian markets closed around an hour ago but the positive sentiment coming from the united states all these slight correction i should say was not enough to prevent them from closing in the red to my six point one percent the obvious almost free to send more

of the ten minutes for you. european shares have regained some ground after their own heavy losses but the e.u. central bank warns the region's financial system is now in the worst state since world war two but the spike the bank starting to buy government bonds from spain and italy to prop up their struggling economies trading has been a problem here as euro zone in the u.s. could slow growth or already struggling economy is planning to boost the powers of it bailout to keep the contagion from spreading to the major connor meet our europe correspondent daniel bashar has more. even the cheerleaders for the euro or depressed. the european central bank said this is the worst crisis since world war two and it requires quote unconventional measures now central bankers the famous for their calm are being reassured and when you hear someone like that coming out

with such radical phrases you want the investors in the markets a panic you have heard of the european central bank of spanish and italian which no one wants to touch at the moment would experts actually feel the. only close is. slash spending less money going to create jobs and things when really the only way out of this crisis is for the countries themselves to grow to be with their economies which means putting more in spending more on the economy and creating new jobs now barack obama has consulted with the heads of spain and italy which are the latest countries to join this euro storm economists say the u.s. has a common problem with the eurozone which is they have unsustainable debts with no plan b. . that of libya's rebel movement has sacked the entire executive committee which functions as a cabinet it follows the assassination of the commander of the opposition forces last month members of the national transitional council the highest rebel with

already support the reshuffle saying they hope it will stand any crisis in their ranks let's get more on this from stephen london an author and blogger joining us live from chicago what do you think is there a crisis in the rebel government. well i think they resume the search can i make one comment there are wars going on across your you reported on what's going on in london. across europe in america in israel against working people driving millions of them into poverty here are imperial wars going on at abroad these are all promised wars iraq afghanistan yemen somalia and libya the topic today the libya war is extremely ugly in the the rebel camp is in disarray the executive committee was this band they

were unconfirmed reports that the rebels were in such disarray if they were literally contesting among each other and the rebel the. transitional council leader to real fluid teacher for his safety is no confirmation of it so i started recount say. some people call it a stalemate others say nato was lost i've written it be a jewish laws there's no possible way any of the way this won militarily but they certainly can win it by imposing a serene hardships under the libyan people this is a has the report out overnight in the city of sleet. nido by me killed eighty five villages thirty two children thirty two women twenty min twelve families were massacred needle claims when tiger he

civilians without killing civilians they made it one court and told this needle is targeting civilians there is now the strategy although now you are in the last twenty four. i would just need to go and not kill our facilities in tripoli they've got the water system libya's great maimie river system to deprive libyans of fresh water this is part of the strategy hospitals schools going to university if there's like killing civilians i don't know what is and a recent report published by fifty experts there's no military solution to the crisis in libya and i can't is that likely for two or three years which of course would read hundreds of billions of dollars what's your take on that report i think is very bustle but words as you mean in the. beginning where

were. and that one would be end of march this conflict was. many many months in advance of the years in advance so there and once once there were many claims and many this sitting on the shelves they had already and they never implemented even talks about was against the bridge three years i know they were going to meet but nothing has ever happened maybe they'll be here or will happen well once a campaign but here in this can be begin where i swear and then look what i mean he said. nato meaning washington is in it's a win thing may lose the first route i homes i honestly see this boy you know and i have no way of knowing plato fall was over ninety nine he went on to work for all big b. didn't succeed until so i really in nineteen ninety nine i took

a reduced war he went on i think that when you can be instead of serbia and in classical literally destroyed you'd be a he'll of the most serious face for me bill grady another serbian ceased to function destroy the entire new fish for sure i see this new libya already know if we go territory nato may not will. be. the nagel's who so goes he asians but they will come back and they will do more in tel aviv for hero probably ruin the mitchell round i think it was. all right stephen leatherman author and blogger from the thanks for research on global is a sign on the line with us here broadband from chicago thank you very much and happy. business is next here in r t with me they were.

welcome to business r.t. emerging markets have plunged to their lowest levels in months the flammable cocktail of a u.s. credit downgrade and the eurozone debt crisis prompted a broad selloff on financial markets russian equities were no exception however they managed to claw back some of their losses during the day let's not get a broader picture from artie's sarah ferguson at the headquarters of the r.t.s. stock exchange hello to you sara so how did the russian markets perform today. listin another extremely nervy angola told day and again today we see the russian markets aping this morning in negative territory other that they were then able to close the gap so more we then saw the nosedive again and the markets if blessing with the possibility of one point of maybe being able to close in the black but it wasn't to be the best place down r.t.s. down t. point eight percent and my six down no point one three percent there's

a lot of uncertainty and instability his still now is simply the leaders come out and try and stabilize the market some of that hasn't had as much of a positive effect as it was we have had some good news and the oil and energy mages rosneft and look oil have actually managed to place in the black today albeit slightly we've been spared bank placing in the black as well now we had earlier an announcement from prime minister peter and he said the russian central bank and the ministry of finance were ready to complicated to into the markets after the u.s. downgrade hit the rebuttal of the russian central bank then admitted it is that you already started intervening of the russian regal hit its biggest drop against the year in fact in years one day jump in seven years say they didn't specify exactly how much money they were buying up but as we said we're certainly seeing a lot of instability still are we going to see the market stabilizing well they

will certainly but yet the traders that we're speaking to have been saying the much of what we think that maybe defense midges been yet investors have really lost their confidence that the maybe and as well as the markets are going to be able to say the calm that month investors to stabilize the markets all right thank you so much that was our correspondents for posting from that which is of the artist. well just to have a complete picture second to be closing. soon. for themself or yourselves yes down the two point nine percent almost my six just i'm not sure those still below fifteen hundred point mark if we look at some of the main movers on the markets as i mentioned lukoil managed to pare losses and go into calls of surgery point three percent gazprom down one point nine percent however mostly good stock on the markets burbank came up over nineteen long and off rubles up two percent at

the clubs. in the us and so still looking positive ahead of the f o m c mazie where the bank is about to have a speech and give some hints as to when the third wave of conflict easing mights a start so the dow jones up one hundred percent doesn't last that two point seven percent. of people not good source mixed of this hour for the c one percent dax down one percent that's just half an hour before the end of tuesday session. gold was hitting record highs is still high at this point seven percent point eight percent where seventeen hundred thirty two dollars however it is losing momentum that a rally on gold as investors are now shifting slowly into store. finally a look at the crude price is a light sweet down point four percent because of uncertainty as to how much demand

the united states will be showing off to their credit downgrade world prices have shot fifteen percent since the start of all this way by fears that the economic recovery in the u.s. has hit a good rough patch brant is up twenty seven cents this out of. the russian ruble reflecting what's happening in the oil markets fall into a seven month low versus the dollar and was currently have ring at around thirteen rubles to the dollar analysts are suggesting that the russian government now needs a managed evaluation. if we see it as a. the decrease is a prize of four and the object is not that but it's not even by the price of four hundred the dollars. so the government should find out some ways to finance this deficit and or to give bill yourself. the amount of social obligation so if you can do it it'll be made to feel such a surge of on those a dollar the deal gives

a budget maybe ten fifteen percent of additional. income. earning fifty minutes for not being of late as business news and market scores and he says maximum headlines. for the full story we've got it for. the biggest issues get a human voice face to face with the news makers on our t.v. .