consumption if you are a disposable income is already being squeezed that's like you have knock on effects on the broader economy rito trade is likely to be deeply dire and. taxation really is going to die out on the back of the budget deficit we have so you have is that a second read effect third rate effect i mean the list to see pretty much a list yes so so yeah it's not good enough to say that you know as it's said before that the most impacted things like steel production are many of production is is incredibly energy intensive these are just the sort of things which are going to drive the costs of these these companies engage in these activities sky high i let's talk about gold because it's been an interesting week once again for gold we've seen it surging is it still in these times of uncertainty the investors flock felt tools gold is it still the ultimate safe haven to think that's been proven this week. i don't think gold has been totally rehabilitated i mean gold is now

technically back in the bull market it's about fifty percent up from the lows that we saw at the end of two but it's still down fifty percent from where it started the year but it's still down twenty five percent from where it peaked last year my view of the recent activity on gold is that it just got to the point it was so cheap that people thought well we're going to be having to positions i have to say that's twelve hundred twelve fifty dollars an ounce level you know huge chunk of the fifty percent of global production just gets taken out so there's this good fundamental support there you know that maybe some upside from current levels but you know it doesn't look like it's going to challenge nine hundred dollars an hour any time soon so the situation in syria again just adding to all of the just behavior on the markets they might enter in from b.d.c. parness thank you so much for your time. the greatly anticipated g twenty summit hosted by russia. this in petersburg kicks off this

coming day with the theme of growth and employment there are great expectations that the summit will result in prescriptions for boosting the health of the global economy so i caught up with the head of the russian delegation because i knew you'd get a better idea of the she is. the mainmast is as follows are well of course global economics who do should know better and many direction than she used to be before even a year ago however there are fundamental problem which have not been solved yet this is a problem of economic growth. in different parts of the world are. cyclical problems but also fundamental problems or finding new sources of growth are attracting the best stimulate investment finding new sources of financing for investment track to private capital of. even in those types of from

bozeman where government the major role given fiscal bullets you concerns which we all have are all second relieved that. is also known as should your month long charming medium to our financial and fiscal stability we've done enough. now moving on to some corporate news that we're going to get started with the max airshow it took place this week just outside of more. now to those united aircraft signed contracts were halted in dollars of body i mean while the fifty planes rush to do a valued at three point four billion dollars and the e.p. leasing six point field to get a total of two hundred seventeen billion dollars. budget world.

begin operating next year unbelted stuff destinations that will fly from the job to college grads. and the pieces but for the first two years the discounter will operate only along the most profitable routes in the european part of russia. and pharmacy chain thirty six point six eight over ten percent this week after selling its trading stake in drug or make their farm to forbes sixty ninth richest man for man idea for five billion rubles their father itself also find it was the first. one of russia's most powerful richest man the head of potash empire you're right calley was smash him better oose airport this week from my all story says that mr baumgartner the first hostage in the potash war was detained put in hank also after visiting belarus for a meeting with the country's leader he's accused of abusing his power in the

partnership that collapsed between euro cali and the batteries partner but there is cali now before the biggest cartel collapse these two companies made up over a third of the global twenty three billion dollar industry russia's reaction to this scandal is clear with the deputy prime minister describing it as odd inappropriate or not fitting to a partnership considering the president of bellary stalls himself as europe's lastic tazer the joneses of a scary thing the country could be tricky and if mr berndt gone is found guilty of abusing his power he faces a ten year imprisonment with a conversation of his property to potentially millions and the next target in the protest wars is solomon kiddie role of a major shareholder in the russian chemical producer after the russian authorities revealed they now want to arrest him. hello mr schoen thomas you. inhouse invested here r t got ten thousand u.s.

dollars. we want to know what you cannot see even saying. we want to know how much money you've got at the festival before we get into all of that is how to tell what's your opinion on this here i cal a guy at the moment a scandal of it all for me it's absolutely crazy we've got corporate price fixing global espionage we have whoever thought there would be a fertilizer cartel and even in an rage the president the last dictator of europe self proclaimed by the way it all has the makings of a cinematic through i think that we should get to work on writing that script as we said and we need to star in it as well i want to start a revenue that potash could be interesting to me gold and oil i get all the headlines that now at potash wall we're running on guys over that base is meeting gets national state television in its hang ups or going on it's getting messy and d.c. as we go on so watching that one big time thought we're also watching you how much money he got left out of even out a well you know it's overall i'm down and we'll get to that here in

a second but this past week we were focused on oil and airlines specifically araf lot and good kind of great news or oil has gone up i've done really well kind of recoup some of my losses but because oil has done well aeroflot and the airlines have not done well so it kind of hindered my progress there because you know airlines they need fuel to get those jets up in the air and so the price of oil going up means that airlines don't do well themselves so if you look at the ten thousand dollars that we initially started by the way this is a good reason to show people why they shouldn't follow me because i am not an expert just kind of an armchair investor if you will but we started off with metals i was really excited about metals last two thousand three hundred sixty nine dollars which brought me down to seven thousand six hundred and thirty nine dollars ish not feel really. we got about that one then i decided to go into oil that did

well it kicked me up about eight thousand eight hundred twenty five dollars so i'm down to one thousand one hundred seventy five from where i started but basically really got out of the metals i'm hearing that even gold isn't doing too well so it was the metals that killed me in the beginning stretch that was a real beating i remember that one bad first week for years and it's so interesting we talk about oil because obviously i was chatting to mike iran and they're sad as it sounds there are some gain is in all of this because it has been. you're one of the game is in the water you got plans for next week what's up your sleeve well i'm in the mood to get back to where i started at least and maybe make something make some more so i'm going to stick with oil because if you look at what's happening in the news this is where your my information syria syria. prices are going to continue to go up people going to continue to watch that can be as you conserve and save i think that that's the way for me to get my money back and if i do break

above that ten thousand mark i promise you you and i can go somewhere on this aeroflot budget line that we were looking at from last week and the tickets are on me if i make something over we could buy a lot at sixty three me generous offer especially on budget airline tickets from a show and you are thank you very much and i like the fact that your clothes this way give all your clothes on because you have been losing them nearly where your gloss is yeah. well they broke. without glasses sans glasses if you will and i'm waiting to get some of those losses you know erased and make some money before i get them fixed right so you can get nice and we want like a really funky maybe right pair us on my go out with the bling i'm going on bullying bling out for our in-house investor shown thomas seem to be pulling up thank you very much and good luck next week and sounds like we're going to stick with oil and be so this is this is all the. captain next week i'll be filming from

the back to the dentist say. sometimes it seems like in the face of giant corporations people are just sort of helpless i could be pretty pessimistic myself about what a few individuals with no real money or power can really do against the system but you never dull in fact if you remember tour discussion about ammonia doused pink slime being used across america and frozen fast foods well shift jamie oliver has actually managed to shame mcdonald's enough on t.v. to get them to back down and stop using this ultra processed form of quote meat at

their establishments also we recently discussed gamer rage at the rather racist portrayal of russians in the game company of heroes two well all the rage actually worked and thanks to the seventeen thousand signatures on the change dot org petition that game has been pulled from russian shelves by the developer the thing is that massive corporations do a lot of bad things because they have no morals and are obsessed with profit but because they have no morals and are only obsessed with profit the second you even slightly threaten their cash flow they will instantly start cowering at your feet sometimes but that's just my opinion. today. these are the images the world.

corporations are. speak your language. programs and documentaries in arabic it's what you hear on all t.v. reporting from the world talks of the ip interview intriguing story are you. trying arabic to find out more visit arabic don't call. you're watching aren't t with me when the friends thousands rallied in berlin in protest at a russian law banning the promotion of gay lifestyles those under the age of eighty some protesters joined the call for a boycott of the upcoming such a winter olympics russia has been the focus of widespread criticism over the issue

of gay rights in the country because of the legislation so artie's culture correspondent martin andrews took a look at the gay life in the russian capital. the real rainbow russia fights on the streets and less arrests for many around the world moscow brings images of snow spies violence and now extreme homophobia the new anti-gay propaganda law has certainly break night in the cold war hangups from decades ago on this time it's the l g b t community in the spotlight all the fights for equality and boycotts on sporting events can be justified it's important to note that moscow and many other major cities in russia do have thriving gay communities peter was named is a british ex-pat who told me how he feels about safety in the capital so you've been living here for three years what are your experiences. being here again now expired in moscow i think it's safe i don't have any incidents living here and i

don't know any friends that have any balance of us living here as well who are openly getting violent clashes murders and ban parades there is widespread homophobia in russia discrimination is discrimination and needs to be a challenge but has the community become a scapegoat of anti russia propaganda and this tempers flare and protest tourism takes hold in london and new york are activists seeing the full picture. central station is a popular gay nightclub such venues aren't in themselves a measure of freedom nor are they the benchmark of human rights and acceptance but they do give something of an insight into the reality of gay life here this isn't about promoting a positive image of russia it's about addressing the fact that even though gay rights are being squeezed and l. g.b.t. people have been abusing killed it is possible for young gay men and women to have a happy healthy and safe life here activists in the west are spoken out loudly in

great numbers but is this about hate crime or hate russia. this is not about defending russia's. and there is only one side to a quality but it is about understanding russia's history social behavior soviet mindset and the whole religion has over swathes of society here and this one of the most misunderstood places in the world tolerance and equality remain a battle for the one before the rainbow flags start flying around various state. earlier my colleague bill dodd chaired a panel discussion on why russia is seemingly singled out for criticism when it comes to gay rights we have been accused of not covering this topic here on our t.v. and just last week a freelance reporter by the name of james.