in the internet right florida where i'm so sure i remember those are forever i mean i don't understand sort right but i've looked over and off throughout your summer and jimmy's not the anyone i have a three thousand veterans who responded to the russian proposal to award them with the magic. this is in no way the last chapter in a book which is about recognizing the war effort in both countries the man that braved the arctic wind says they've added light said that russia and britain have finally managed to come together to decorate them for the heroism all those years ago. azzi london. i'll be back with more news in about thirty minutes time but for now it's time for business with katie pilbeam and yes even myself you know but.

this is the media lead us so we leave that maybe. by the sea ocean city to the other your party there's a bill. for shoes that no one is asking with the guests that you deserve answers from and it's all on politics only on our team. right see. first street. and i think picture. on our reporter's twitter. instagram. to be in the middle.

think that what the french capital with me casey will be this week talks three commands on the transatlantic trade deal we realize the risks that could the average consumer not just a minute we've also got the eurozone it could be embracing negative interest rates what exactly will this mean what exactly we're talking diamonds paintings metals and mice like it was john thomas he'll be out later it's a lot to get through but. the u.s. e.u. trade deal is worth an estimated one hundred fifty billion dollars for both parties but these huge profits could come at a cost to the average consumer and there are plenty of stumbling blocks holding up the deal since cars are what each side wants so the u.s. is asking for e.u. restrictions on genetically modified crops and chlorine water poultry to be caught to maintain intellectual secrecy for more access for u.s. service providers the e.u.

wants the beef ban which was first introduced because of the mad cow disease to be lifted or reduction of terrorists on items such as cheese on the free flow of information is now let's dive deeper into the consequences of the deal with rodney shakespeare he's a professor of economics and he's based in london today this do one involve limiting health and environmental regulations to boost growth the question is how will this affect the average consumer that. it will not limit health and environmental considerations it will wreck them. this agreement is of roughly half of the world trade and it's connected with the transpacific partnership so whatever is in this is carrying around a large part of the world economy. it sets up secret tribunals

in which there will be no defense and there will be no openness and which the big corporations can do what they like and the example at the minute at the moment is in ecuador where chevron is pouring billions of poisons into the amazonian eco system which i think is perhaps the largest in the world and no one will be able to do anything about it so you can forget health and environment it's all going out of the window in order to serve the interests of a small group largely of american corporations so are you saying that the average consumer will be exposed to harmful chemicals that is that what we're talking about hair there will be no way of stopping that exposure in the child was there is the doctrine of expected profits and i as a corporation can pick any figure out of the sky and then say that you as an

individual or you as a government are stopping my expected profits therefore anything that i do which is harmful will not be able to stop b.p. start and indeed anything you do to try to stop it will result in you as individuals being fined or jailed and as a government limited fines all of which ultimately will go back on your population so if these big corporations can take on governments does that mean that a country would be at risk of losing its sovereignty. not risk they will actually lose it for stop you see the power of the real power is the economical financial power and these corporations include the global banks and the big companies and the power will have shifted into tribunals who are only serving

the interests of those global banks companies national sovereignty will effectively no longer have any meaning and we will have gone under essentially a global fascist system and it's not happening so very very fast people got to wake up about this this system is setting in a financial control putting everybody into debt increasing rich poor division exporting jobs you name it it is happening rather like the frog being boiled to it doesn't realize it's being killed that is going on and this agreement and the associated agreement for the pacific will put the whole world under the control of the big corporations ok we'll leave it there mr shakespear thank you have a similar for your perspective on the matter. on the biggest trade deal in history could get even bigger if ukraine were to join kiev is set to sign

a free trade agreement with the e.u. at the end of the month providing it has met a strict set of conditions which include electoral reform and improving aim to structure but this is the west has resulted in a tug of war with russia president putin wants ukraine to join the russian led customs union instead and warns of economic disaster for kiev if the european deal is sealed we're going to have full analysis of the outcome of the ease decision in next week be sure to join me for that one. the eurozone has been dealt a plethora of disappointing days every silly the biggest economy in the zone germany grew just not point three percent in the last quarter. france initially the bronx next biggest economy is based off the small contractions so it was stagnation and joblessness posing huge problems to the region the european central bank is now considering introducing and negative interest rates to stimulate growth is this year out so let's spend a penny from. brenda can you tell me what risks would they pose to

the year i say. i would think negative interest rates are something that could be considered by the e.c.b. it might be in an effort to spur inflation and obviously we are seeing disinflation in the euro zone as a whole what it could actually mean though is that we'll see some negativity on profits because if you reduce the deposit rate which is currently at zero for the banks to place their money with the c b it will obviously impact their profitability not as a whole might not necessarily be good for the eurozone in the medium term nevertheless you also have the conservative wing of the c.p. who fear that negative interest rates could spur proper inflation like hyperinflation and that is something that has been tried to be avoided in terms of price stability over the last number of years what about bubbles brenda should be be worried about bubbles. i think we definitely should be worried about bubbles i

think if you look at the janet yellen testimony where she was categorically stated that asset prices were not in a bubble particularly the equity market and then the equity market continued to push to record highs in the u.s. i think it pretty much negates any feeding that what has been helping with the credit see and cheap money over the last number of years has been and things to do with underlying fundamentals and if you look perhaps say the mining sector of the the the the indices themselves there is a massive divergence on the demand for commodities such as base metals like copper have been out of a huge low recently so this in in fact proves that the growth is not there to support what is happening in the stock markets and woman who. to me the other and i fear it may be the stock market that makes a return to the downside rather than the other way round brigid that's really interesting because it seems like there's a root disparity between the stock market and the real economy we've got historical highs in the markets and yet historical unemployment writes just doesn't make sense

does it by men. it really does and if you compare the u.s. indices to the european counterparts there is certainly a degree of under-performance over here in europe and obviously this is coming down to the fact that we've seen lesser growth we've also seen a pullback in momentum of the likes of germany just over the last week and then of course we saw france entering contraction there in the last quarter so we might have seen spain pull out to an extent out of a long term recession by point one percent growth in the last quarter i don't think the eurozone is any way able to say that the crisis has been fixed and if anything i think that the actual demand there is that there are within your the euro zone are very apparent on this came i suppose from the e.c.b. cutting rates just very recently and the fact is we could actually see some more interest rate cuts over the coming quarters if growth doesn't get back to where it should be and of course as long as inflation remains below the key two percent mark

ok brenda kelly talking to us from london really appreciate your thoughts there all right time so corporate news that let's go for it so that it kind of the russian kamarck it is excel or a saying in during a full of eight percent in october compared with a year ago in september the drop was five cents. donald trump is searching for a russian partner to build most of his fifty eight story trump tower in new york this week the third time that the american billionaire will lend. to dissolve russian stew giant so they sent to a bank has rules that need to speed. as wealth of ruble bonds by machel. this fall is the company's forty percent drop in value on the stock markets. now it's going to mess with someone who had a person experience with the metals market as mrs shawn thomas it was a nightmare you will see just a month nightmare of

a meltdown and you will see what led the guy right. to say that i'm out of it because they really did take a beating this we didn't absolutely but what about your portfolio now because we've got a bit of gas problem could have been a big question how did you get on with the bad news is gas problem was down one percent so i lost seventy seven dollars with a gas problem but some funky news. right you know some folks there because bitcoins up twenty five percent it's up twenty four percent against the u.s. dollar when i first made the decision i walked out of the studio and i was devastated because i heard the crash in fact we've got some comments about that but it rallied through the week i made a five hundred dollars total even though gazprom was down meaning my grand total is nine thousand eight hundred nineteen dollars so i am about as happy as you can possibly be if you're nearly there actually going to sit with and then i'm going to

presume because if i get above that ten thousand i'm going to buy you that budget to keep airline down to ever you choose to go but you know let me say that i can see if i can make somebody and finally do this thing right ok do i get food on the plane of course indeed what i'm really going for mcdonald's or something but will make it happen how i like about all right mr schoen thomas well done congratulations but let's get you over the next week with a bit of a coin that this week that i see expensive diamond in history was sold to a mystery buyer the pink stuff as it's called is the size of a golf ball on the snapped off at eighty three point two million dollars smashing the previous for. what a forty six million dollars which was another pink sparkly i mean the position is a bright orange rock it was sold for thirty six million dollars by i do not take months i must say now it's not just diamonds at a breaking records but it's paintings to this francis bacon masterpiece the three star visibly seen in florida has just been sold for record one hundred forty two

million dollars now these record prices are not necessarily because diamonds and paintings are more expensive now war or more softer is also because the value of money is decreasing which is the same reason why there are now record number of billionaires in the world so if we were to count rate inflation too or this would actually be six paintings that fetch more than auctions days have featured in that you can't find a cost to creating paul or you know all the great masterpieces as you can imagine now this is on masterpiece would be the most expensive of all it's purchased in twenty eleven for one hundred forty million dollars there we go which today would equate to countermand inflation one hundred and sixty two million dollars that are a. little bit out of my price range just so that we all that spent for today and i

mentioned earlier on the ukraine and e.u. trade deal that's what we're focusing on next week of course some have lost more of course but it's not doing their really appreciate. deliberate work so much with germany. one hundred and twenty three days. through to the two cities or work here. relayed by fourteen thousand people or sixty five thousand kilometers. in a record setting trip by land air sea and others face. a leg torch relay. on archie's conquered.

horrors of thanksgiving and america as a white future minority coming up. far away the most massive genocide in the history of the world. the lowest life expectancy in the west. and the year.