serious consequences and threaten global supplies meanwhile safe havens gold and u.s. treasuries as investors proceed with caution so it's more a market's reaction to the political rhetoric over syria and joined by mike ingram from b.b.c. partners it has been a tumultuous week for the markets as been a lot going on can you just start off by telling me the general thoughts the anxiety what is it general feeling in the financial world at the moment in response to what's happening. well i mean i think you know the prospect of the west getting in broiled in waters at this stage of the syrian civil war just added to troubles that the market's been having over the last few weeks and it's coming into the background of very thin some of volume so the reaction is is probably a little more dramatic than might otherwise be but if you look at the you know the list of concerns that the market has at the moment you've got a situation where we don't know what kind of form the fed tapering is going to take

this year we've got possible succession issues for them but one keypress succeeded probably by larry summers it seems at this point that the fed and we've got you know actually ongoing trouble elsewhere in emerging emerging markets so chen has come out and said that we could say if we do indeed see the situation in syria escalating we could see an oil price of one hundred fifty dollars per barrel can you explain to me one crashes if that was going to happen what prices that would put on the global economy would have a massively detrimental effect on growth pretty much everywhere there are very few beneficiaries you can imagine even officials are going to be the oil producing states in the gulf probably nigeria with africa for pretty much everywhere else it's even for russia it's broadly neutral. and generally speaking the countries which are going to get hit the hardest are those with large relatively inefficient manufacturing bases top of that list india and china india is already struggling

china has got a relatively competitive currency at this point to to at it's part of the last thing it needs is an oil price shock and of course that's a knock on effect into a broader sense of consumption if you a disposable income is already being squeezed and that's like you have knock on effects on the broader economy retold trade is likely to be dire and. taxation really is going to add on the back of the budget deficit we have so yeah there's this. second read affect third rate effect i mean the list to see pretty much all this year so so yeah it's not good enough to say that you know as it's said before that you disagree that most impacted things like steel production or 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 be ultimate safe haven do you 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 the 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 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 adding to the station so i'd 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 to make it 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 at a 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 in st petersburg kicks off this coming thursday 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 call that with the head of the russian delegation because i need you dive to get a better idea of the issue. the mainmast is as follows are while 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 tracked in the first stimulate investment finding new sources of financing for in the us and trapped in private capital of. even those types of from bozeman where normally government the major role given fiscal bootsy the concerns which we all have are all second rule leaders it. is also known as should your month long charming medium to our financial and fiscal stability have we done enough. and now moving on to some corporate news that we're going to get started with the air show it took place this week just outside of moscow now the dills united aircraft signed contracts were halted in dollars meanwhile the fifty planes rush to do a valued at three point four billion dollars and the e.p.

leasing kid. sukhoi superjet was a total of two hundred seventeen billion dollars. budget airline world began operating next year on bell that's the first destination that will fly from go to college grads. and pieces for the first two years the discount will operate only along the most profitable routes in the european part of russia. and pharmacy chain thirty six point eight over ten percent this week after selling its hurting 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 snatched him better for this week from my all for it is 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 belize 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 sitting to a partnership considering the president of bellary styles himself as europe's last dictator the chances of a scary thing in the country could be tricky and if mr berndt is found guilty of abusing his power he faces a ten year imprisonment with a combination of his property to potentially millions and the next target in the wars is solomon kidding 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 are in house investing here r t you got ten thousand u.s. dollars at your disposal we want to know what you've been up to even though you're a month now we want to know how much money you've got that the first of all before we get into all about the details of the zero what's your opinion on this cali the bar all that's going on at the moment the scandal of it all from a long way 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 he said and we need to star in it as well i want to have a new that potash can be interesting to me gold and oil i get all the headlines that now at potash wall where hang on guys have that basic meeting gets national

television in its hang up or going on it's getting messy and g.c. as we go on so watching that one big time thought we're also watching you how much money if you got a laugh what if even say 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 at and 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 really feeling good about that one then i decided to go into oil that did well it kicked me up about eight thousand eight hundred and 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 this this 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 game is in all of this because it has been so. you're one of the game is in the water you got plans for next week that 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 i get my information syria syria syria me as oil prices are going to continue to go up people going to continue to watch that can be and you can serve 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 the or we could by law that's extremely generous of you you especially on a budget airline tickets from a show and you are ladies and thank you very much and i like the fact that your clothes dissuade you only the clothes on because you have been losing them nearly where your glasses yeah indeed well they broke my arm without the glasses sounds 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 red parasite might go out with the bundling operate on

bullying billing it out for our in-house investor sean thomas soon to be brings up thank you very much and good luck next week and sounds like you going to stick with oil indeed and that's all for this edition of french capital next week i'll be filmi from he says that the g twenty summit 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 while 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. right to see. first street. and i think you're.

on our reporters. in. the in the. choose your language. according to kill the infidels and kills them. it's the consistency. she wants to use the degrade. the store used to do. accents to.

welcome back to the weekly on t.v. now the situation concerning gay rights in russia has been huge debate among activists politicians and even athletes a new law prohibiting gay propaganda to money is a small calls for a boycott of the upcoming winter olympics in sochi in february when i discussed the issue with a panel of guests earlier this week. we have been accused of not covering this topic here on the t.v. and just last week a freelance reporter by the name of james kind of chick he brought our t. certainly into the spotlight didn't he with great start one has to say and he says that he made a very good choice if you ask what you want to do twitter follower bump for him but to get to the point this by the way is our third panel on gay rights in russia but that's beyond the point kurtz that came on to our t.v. to let us know what he thinks about our coverage or lack thereof of the gay rights in russia and this is what happened you know being here on a crowded.