to get resolved in order to ensure the safety of chinese investments in the united states which stand at around a course are at over one point two trillion dollars taking over from japan in two thousand and eight is now added to this china also have a three and a half trillion dollars worth of u.s. dollars or another reason for beijing to worry about a potential u.s. default now in total china has roughly sixty percent of its foreign currency reserves invested in u.s. assets let's get over to singapore now and hear from what lee for finance alice david icke for more insight into is david can you tell me what are the dangers for chinese investments right now. china is concerned china is very conscious of the fact that it is holding a lot of u.s. treasuries and china wishes it wasn't in that position in any case so therefore it is consciously trying to move into economy where the next four to one that is going

to be consumer led i mean this is a very important point who previously were seen as the factory of the world's a desperate producers goods and it's warning us dollars with all of us dollars there's no want to do with it so therefore it has to go and buy u.s. treasuries so which is it wasn't in that position unfortunately it is and it is actively trying to move away from that and trying to make its economy more consumer which is great news for investors who are looking to our supply consumers so it's looking to diversify its funds but it's not the u.s. where else can china park its its huge amount of cash. that's an interesting point gave you in china is already doing this because if you have a look at some of the investments that jana is making right now a lot of people may not know this but it on the center. and even around what used to be the preserve of. investors but now and end of that has been sold china has

gone with it but china is very aggressive far in general using some of the reserves in order to buy assets and no one is a recent acquisition in america where i bought. pork producers in america smithfield so that is another example of our climate trying to diversify example where you just simply holding u.s. treasuries but it's also got investments in africa investments in south america so it sort of china is definitely trying to diversify away from just putting all his eggs into one basket so given that china does have a large bulk of its assets in the united states would you say it's fair to say that they are the the must see of u.s. lawmakers at the moment then david. well kitty is not just china at the mercy of the world's u.s. lawmakers is everybody in the world is at the mercy of u.s. lawmakers right now are you just on a look at the stock markets around the world everybody has great concern about what would happen if america were to get off and its debt because so many people are

holding on to where treasuries is not just china and confront all over the world i would think from all over the world and the crowded individuals are all doing it so therefore it is a very big that america would evolve in its day and of course you know everybody would be affected so consequently you know. for everyone you cannot just assume that an asset is one hundred percent safe and there are certain risks associated with it and what china is doing is they're trying to diversify away from where we are just simply u.s. treasuries david kay thank you so much speaking to us from singapore today thank you for your time talk about u.s. treasuries we spoke to a russian billionaire and head of the biggest al-ameen you produce in the world resoled yes i'm talking about how they got a pascal ferry in postcard space and asked him that his take on the u.s. debt situation back to the united states it's a big issue. and sort of hanging over everyone not that possible before the markets

were relatively stable and have been during the shutdown of the united states i suppose that's good news. is that was that a surprise i mean we were expecting more volatile respond in the markets will realize that we can move close to. the fall of the computer a different story you say you are expecting. more volatile we haven't already you know it was even before the means that it was official reason why it. didn't come here so they didn't manage to meet force in the street before this was. probably rational but those. is a worrying time for those who have investments in the u.s. treasury. i was never interested in your story. but it's a bit of. a. different risk profiles of the sons of god but. what about science instruments ritual in the good grades

potential of some sort or just a bunch of it in some sort. so that's why they ross and all i go. about here a situation we know where the chinese can when i want i says get but what i say is that we want to put the past tell me to present have why you should catch at here in the studio so i can say i know hundred thousand people on the night hundred thousand people that are not going to walk i appreciate that but i can't say that the wall has crumbled down around us people still going about their daily business . have a calf well that's exactly it because we see that inner thousand people lose their jobs never could there's no money but that doesn't make sense why you should care is because this is a mystery for some reason we had to we wanted to we could q e three and we're printing money we're living just like we did before what's changed i mean we read these articles about how like the russians or the chinese are going to stop using the dollar and maybe brazil and some other country but they still are they have

a good idea just yesterday i read an article that the chinese are scared of buying treasury bonds united states scared but they're still buying the thing so what exactly is changed nothing and yet we have this illusion that there's no money in the system i just don't think that that's true so you will sell it to those who knows i don't know you and i what's going on now i think it's really something between the democrats and republicans are saying sort of that are you doing here we're supposed to be filming so during a trying to become an expert it's got you rico alcohol get out of here your guy and this is what i say no. i'm really sorry i took the one for id i don't know but anyways i he followed me here he's anyways he and i. we discuss on our program why you should care we try to discuss these things about why you should care about things and fortunately he's always never listening and getting in the way but anyway my apologies this is a very serious issue especially with eight hundred thousand people getting laid off

and if there's no money in the system interestingly enough there's no money in the system and while these people get the unemployment checks let's hope so i certainly hope so for their sake i hope that you are getting paid as well as he does he gets paid in alcohol i hate to have a thank you very much as the thank you time for corporate knees now then starting with airflow process flagship carrier has revealed details of its low cost airline as a safe so we know over mining states and no business class but we all promise to be half the price offered by the competition and they see the price will go from most days to pieces like and eight out of us in cities before expanding abroad one hundred in ten people in twenty five percent of all the private wealth in russia that's according to credit suisse it is the latest global wealth. and russia's are also has found a two hundred thirty five carat mega diamond worth an estimated two million dollars

. now i know exactly what i want christmas. so now let's check in at the business desk and speak to a fair and so i'm thomas he was poorly last week but you're now back all you back with a vengeance i certainly am and i have to thank you that care package that you sent my way certainly did the trick and there were some very sweet messages from people on you tube giving me advice on how to get better took that as well so i'm back and i'm really doing well on this whole stock thing i think i've gotten the hang of it check this out you know i have been doing financials. ten dollars shy of the original ten thousand so i think. quite well this week

and what are you going to do to get over that ten tie threshold in order to something positive territory well if it ain't broke don't fix it so i'm going to i'm going to do a little bit something different going to stay seventy five percent in with financials and sperm bank because they seem to be on a roll but i'm going to take the quarter out because i'm looking at which is russia's largest diamond producer and there was news that they're going to sell sixteen percent of their stake which is owned by the government currently their stocks are doing well i don't want to change the financials because i am doing so well there but i'm going to look and the reason why i'm looking at it is because diamonds right come on they're sparkly they're fun and everybody loves them and they are worth a lot so why not say late is. exactly so might be my in if i have some stock in some diamonds maybe that could be my pick up line the latest movie hearing outside the door. so most i could do that which was

a mix between so on and they could be. all right and show me thank you so much indeed and i'm so happy to have you back on the safe fighting now for those of you who missed the olympic ceremony here in moscow this is what happens so as the torchbearer they form a championship. round towards the kremlin a gust of wind blew out with thoughts but luckily a helpful security man was on standby reignited to find that ran out the american manufacturer of the light is it decided to seize upon the opportunity and publish this image but without the permission from the olympics the satiation to display the iconic like i say is a consequence to pay now face legal action after their internet slogan saves lympics went viral. oh well some commentators did point out that at the lighthouse me several times before the toilets wall successfully that. battle was over venture

capital for today and this way thank you so much after joining me brady's day of praise say hi you come back next week have a great job by. the millions around the globe struggle with hunger each good. what if someone offers a lifetime food supply no charge. they can the very strong position against g.m.o. and we think that's. the genetic anymore the right products are pretty cool. there is no. evidence to this any problem with genetic engineering when you make a deal. or is free cheese always in

a mouse trap i don't believe the. free. enterprise is profit that's. for sure. golden rice barkeep. put it on your arm and a lot of. face time just like you. pleasure to have you with us here on t.v. today i roll researcher.

thanks for staying with us forty two minutes past the hour now pitched battles broke out in egypt this week leaving fifty dead much of the violence centered on cairo where clashes erupted between followers of the ousted president mohamed morsy and supporters of the military security forces also targeted in a series of deadly attacks across the country but it all activist ahmed meggie says the muslim brotherhood portraying itself as the victim to win sympathy at home and abroad it's a knuckle breaking situation it's about to name both sides are trying to put a lot of pressure on the other hand the other reaches a certain point of. concessions that it's more or less puts the other party in a in the much stronger position now the muslim brotherhood are giving more and more into the snotty i think the minds even said they're going on to seats although they haven't decency used violence but violence has been. imposed on them and they have to motivate them in the past couple of days and in the past month or two they want

to gain more sympathy locally and abroad. u.s. secretary of state john kerry said the window for diplomacy with iran is cracking open but he was quick to point out that no deal is better than a bad deal this is terrance says it's ready to sit down for a fresh round of nuclear talks with the six world powers including the united states and russia on tuesday if negotiations are successful could mean the possibility of easing the economic sanctions against the islamic republic but despite the economic constraints biting the country's oil sector there is one industry in the country that's doing well iran is the world's thirteenth largest car manufacturer producing one point six million autos every year the industry accounts for ten percent of iran's g.d.p. despite a ban on shipping parts some of the most popular peugeot in toronto models are still made in iran and the country produces its own cars a based on french designs and sanctions perhaps at official business between the

u.s. and iran but american companies such as general motors are already said to be moving to secure their positions journalist george melbourne no thinks the u.s. is waiting for the right time. i think already there of been. secret contacts between u.s. firms and iranian counterparts in order to to prepare or to undeceive paid a political deal between iran and the united states mainly these contacts of all could in the automobile sector unfortunately for us in france we are the brother the last one even two who tried to to to go to iraq because for the last the last years france was extremely active in the fighting against the iran from was exerting a lot of pressure you know for the last twenty years the us where outside from iran and the the french businessmen i do quite good positioning around the.

automobile sector and now they're afraid that these all these years of the force will be cleaned by the new deal which will happen between us and iran for sure that the european companies will be most probably losers in this kind of agreement taking a look now at some other stories making headlines across the globe a stampede at a bridge at a hindu temple in northern india killed at least one hundred ten pilgrims more than one hundred also injured as huge crowds attended a religious festival reports say police used battalions to restore order but that caused even more panic stampede it started when a group claimed the bridge was about to give way in order to speed up queuing for the temple. in iraq at least forty two killed dozens wounded in multiple bombings across the country most of the blasts happened in busy markets and bus stations not clear yet who was behind the killings militant groups including al qaeda have carried out similar attacks in the past.