policy this comes as focus shifts to how the federal reserve might react to the latest jobs and inflation data fed chairman janet yellen testifies at the end of this week to u.s. lawmakers now she's expected to lift interest rates before the end of the year the fed has done so twice this year so germany's dax was up point three percent while the cac forty in france followed suit at point three percent higher at the f.t. a c. one hundred index of leading british shares was up point five percent and the nasdaq composite rose one tokyo's nikkei index gained point eight percent. oil prices have plunged in light of rising production in the united states and within the organization of petroleum exporting countries their member nations and affiliates u.s. crude fell nearly fifty cents to forty three seventy five per barrel on that the new york mercantile exchange brant crude dipped to forty six twenty in london after losing fifty one cents citing political up people in libya and nigeria opec

countries exempted those members from capping production in extended cut of one point eight million barrels per day libya's crude oil output has served more than one million barrels a day on my jury is out but it has risen to one point six million that's according to a vienna based energy consultancy j b c now opec is considering placing caps back on libya and nigeria us production increased to nearly nine point three four billion barrels a day just last week. it's monday and what's worse than starting off the week with transportation delays on your way to work well thousands of commuters will be faced with a lot of that coming months ahead since penn station is now undergoing some major repairs until the end of august r t s has this report. two months of trying to laze

began this morning penn station is finally undergoing some a much needed repairs but new york governor andrew cuomo says that this will be the summer of help and thousands of travelers may be forced to find a different commute this could have been avoided if they would have prevented this massive eight week track construction program will affect three different transit agencies the new jersey transit the long island railroad and amtrak. three to five of the stations twenty one tracks will have to be shut down causing a twenty percent reduction in service until september first which means that some people may have to find other ways into the city that means around sixteen thousand commuters are added to the already twenty three thousand people who usually travel through both in station each day i haven't seen this much congestion on the path in a long time and. trying to make it into work is not easy with these lines i wouldn't doubt of people who are afraid to come to new york because they know

they're going to have to rewrite the trains or the subways and therefore it was going to happen but for others the change hasn't impacted their commute very much and city officials are pleased with the results the only difference is that i took in earlier train and that was that i didn't have a problem all i can say is this morning i'm on the montclair buton line and nothing's changed today well we're pleased with the results so far and we're pleased that our commuters have really adapted to it flawlessly they appear to have listened to everything that was said they got off the train they got on the next connection and they went to work the construction is expected to last until the end of august and while there have been some free delays and some routes unusually crowded there have been no major problems reported reporting from inside the penn station in new york trinity chavez are to. pretty joins us now live from new york studio to talk more about this story trinity as you said this is one of the busiest transit hubs in the world everyone who's been through there knows that what does it mean for commuters in the coming months after summer. eggs. i think

a lot of people are concerned about this construction and we really don't know at this point what the effects are going to be because here in new york we have heard for weeks now that this is going to be the summer of hell but you know when we were there earlier it didn't seem to be too hellish again this is only day one of this construction and it's expected to go on for the next eight weeks at least only time will tell at this point but city officials have been warning commuters that since there are fewer platforms available there a pair work will complicate schedule so they need to expect delays and plan accordingly or find other means of transportation in and out of the city one can only imagine what a headache that's going to be of the next couple months but as you said this is one of the biggest transit hubs in the world all these repairs can't be cheap i imagine it's very difficult to say ahead of the how much is this project actually costing the taxpayers well you're definitely right this is costing the city a pretty penny this project is estimated to be around forty million dollars but

city officials say that these repairs are absolutely necessary these the station in particular has had infrastructure issues and it's been a problem for quite some time and the construction comes after a series of darrelle moments the most recent incident just happened about a week ago one hundred eighty people have been rescued from the new jersey transit train that do you brail old the incident just highlighted the agency the truck repairs that needed. thank you so much. in new york covering this for us thank you things. we all learned a volkswagen the infamous emissions scandal nearly two years ago even in the time that's passed the scandal remains far from over as new allegations have surfaced yet again we've got more on this for us right now joining me in the studio what did volkswagen do this time well they are accused of cheating again on emissions tests

which would not only expand the damage already done but would cost them a lot more money so it's something they certainly don't want to hear and something that the rest of the auto industry does not want to deal with right now in two thousand and sixteen volkswagen was the world's largest automaker a year later the company fell behind toyota to the number two spot and by two thousand and eighteen we could see v.w. fall again on monday authorities in germany announced they're investigating porsche which v.w. owns and another one of its u.s. based subsidiaries in a statement prosecutors said they were looking into potential fraud and false advertising charges related to emissions without giving much more detail this comes a week after the arrest of giovanni an audi manager that the u.s. justice department believes had a role in designing the defeat devices the software was able to shut down the car's emissions control system except for when they were being tested in labs for

regulation purposes when we first learned about the devices back in two thousand and fifteen regulators were shocked but it looks like the w. isn't the only automaker that may have used them on the same day germany's investigation was announced dutch prosecutors said they're looking into two other carmakers for similar reasons according to the dutch road authority this is you keep the torah and jeep grand cherokee produced illegal levels of toxic emissions during protests and over in the u.s. the emissions cheating is expanding beyond. back in may. general motors was accused of designing a diesel engine for the chevrolet silverado and g.m.c. sierra that deceived regulators the claims which g.m. denies entirely or made in a civil lawsuit and the e.p.a. has yet to comment on them but the lawyer that filed it reached eleven point three billion dollars in class action settlements against b.w. and he said he has every intention of making this a class action lawsuit as well so it turns out that lying to regulators about

emissions isn't a concept unique to volkswagen. and i'm guessing as you may well be guessing too that the investigators thought the same thing when they talked about volkswagen to begin with what you know what the inspiration to doing this for a for putting these defeat devices in is it that difficult to make an energy efficient engine what's the catch here why you guys doing this so if you look at the right reason u.s. prosecutors allege they created this defeat device was because the engineers were having a very difficult time figuring out how to stay within the limits of regulations without having to add new technology and they were afraid that that new technology would affect other systems in the car like the audio system that's a big selling point for some of their vehicles so they figured we just are bottom line can't afford this it's going to their cars will become less marketable which obviously ended up being a little ironic considering how the scandal has actually affected car sales we

haven't seen a complete nosedive but it has impacted their sales and because a scandal kind of keeps continuing it's not really going away could end up hurting themselves more down the road it's interesting that it was that it affected other systems and not so much you know the mileage and different it's like the stereo system you have to find another car company suzuki g.m. let's talk about fine this has really affected volkswagen any numbers can we guess so on the other car makers that are allegedly also cheating. and so on no one is expecting to see twenty two billion dollars of that eye in this. for volkswagen however this whole scandal is becoming a big problem for the auto industry in general because they're already competing with. the world car sharing and driving cars but they also are competing with silicon valley in other ways i mean for the whole auto industry to be. not adapting to these new regulations right makes them seem old against these silicon

valley companies that are new and fresh and good for the environment and adapting to modern technology and right now. so it could be a bigger problem for them in that concept as well and these corporations keep some money in the piggy bank to deal with fines like this but who knows if they got enough yeah thank you so much for. we're going to go to a break now but stick around when we get back we've got paris talking about u.s. companies start to start paying their fair share of business tax in the european union and of course my guest former u.s. attorney mr park health and break down q twenty four as we go to break check out the numbers the closing bell. the wealthy areas of the italy going bust and we should save them because they're going. well again the central bank the e.c.b.

very jaggy they have already printed fifteen sixteen trillion dollars to bail out their friends their oligarch friends during since two thousand and eight and they've said they've signaled to the marketplace that we've got another fifteen sixteen seventeen trillion dollars to present to make as many errors as you want keep making bad loans keep borrowing money at zero percent interest rate to buy assets precious. paintings of shadows doesn't make any of them. still exist. or rico's treated as one does not own oil. and then. recall. littleton the new owners who doesn't make. the island is controlled by the u.s. government and some puerto rican screwed even dependents will see it and we can argue. either way like that i mean right i mean we're

digging a game where you. stood. many do wish to join the u.s. hundreds more leave every day. with the country at a crossroads of the island is on the rise. after

announcing ambitious plans for a massive tourism expansion and theme parks in china delhi and wander group is forced to sell nine point three billion dollars worth of tourism projects to pay down skyrocketing corporate debt the chinese government helped fuel want as expansion with billions in loans from state owned banks but now the country is mired in debt moody's pushed for a downgrade of its credit rating earlier this year and now banking officials warn of systemic risks to those state banks in particular and the economy in general due

to the financial risk of those corporate giants of china's banking regulatory commission order and the money that the state banks owed to the banks have extended to wanda and other business groups that have spent heavily on foreign acquisitions . european union is calling out american multinationals such as amazon facebook and google french finance minister bruno love mayor demands that business giants pay their fair share of european union versions of a tax bill u.s. companies such as apple and starbucks are already enjoying rock bottom business sales tax and just straight business taxes in member states such as ireland for apple it's less than one percent in that nation in month long legal proceedings the european commission has hit out at that and demanded that apple pay the back taxes it owes to ireland which will then be funneled into the e.u. lamar's comments come after the head of the european commission john claude younker

said the e.u. would respond the united states imposed punitive tariffs on steel. the group of twenty leaders finished their meetings over the weekend the assessments of u.s. president donald trump's performance has received some mixed reviews including detractors from his own republican party but there are those who say he made some important moves here to look at that as former u.s. attorney commissioner bart chilton barred us looking at the sunny side of life here when it comes to what the president might be able to do you thought the president warsaw speech was remarkable going into it thought it was well done you wrote an op ed about that last week you expressed some concerns on this program that maybe not much substance would be accomplished how it all work out to you. well you know disappointed that i was right i guess and that i don't think there was a whole lot of substance that came out of the other then the ceasefire in syria agreed to by president putin and president trough that has certainly some merit it remains to be seen if it will continue if it will hold other ceasefires have not

been good kudos for trying to do do something but i think the real stand out was still about warsaw speech and if i think about the things where this president was most presidential you got the february twenty eighth mock state of the union you got this. warsaw speech those are really some of the key things and his first visit to saudi arabia others we had talked about yeah i thought that was sort of a way to stand up and make a mark but then you point to his progression in some areas and such but his own party went aground marco rubio john mccain massive criticism. lindsey graham made the rounds of the sunday sunday talk shows talking about his disdain for the relations between trump and putin's agreement working together cybersecurity a little bit on syria there too but cybersecurity specifically let's take a listen to what he said. to start the dumbest idea i've ever heard but it's pretty close. he gave a really good speech in poland president trump did in the head of what i think is

a disastrous meeting with president putin. you agree on morrison disagree with us you're shaking your head well i mean so what he said there is about these cyber security working together with russia and i think that's a little tone deaf on the part of the president mean given the election tampering issue and the investigations that are taking place right now to say you're going to go and work on this it's good maybe there's a time in the future but it's certainly a tone deaf thing to say right now that said working with you know another power like russia is certainly something important to do in the longer term and so hopefully you know the relation will grow would be better in the future but i don't think until these investigations and it's going to be a real following don't you think that behind closed doors it was more of a stay out of my backyard stuff i mean so many of these major powers are spying on each other with a lot of the technology and who says it was about you know let's protect this and

that maybe it was a stat of my own backyard in there i can say that publicly but the senators have to know that might have been part of that conversation you have probably probably but you know there are so many things that they could have done in tahrir about to come up with you know we're going to work together on cyber security and in the midst of when this election tampering investigation is going on just you know i can see why senator graham didn't leave anything on the table and said it was not the dumbest but pretty close to the dumbest idea he'd ever heard let's talk about regression on trump's social skills and and the effects on capitol hill. we talked about his twitter problems the time spent and got to get out of dodge when he got on a plane it got down to the international relations effects on capitol hill right now members of congress going come on come home. yeah i mean he's got you know what i started to call this c.t.d. the rest of compulsive twitter disorder and he just seemed to can't seem to put it

down or stop doing it he has a need to do what i have to tweet i have to tweet in order to feel better i guess and he you know often it messes up his message and. and so i think it is having an impact on capitol hill and it will mean we get to issues that we've talked about before whether or not it's health care tax reform infrastructure or some of the emerging issues that are going to come about near the end of the fiscal year in the end of september and that's the budget you know will be faced with a government shutdown if they don't agree to another budget and the increase in the debt ceiling which will happen about that time so these are two big issues that will need republican support and the more damage that the president does to his operations the less support he will have on capitol hill and he's going to need it ok so you're saying it's him stepping on sound like these messages that you think are so much held up for the trump meeting overshadowed other thinks important conversations that that weren't touched on well i think in the u.s.

i mean look it was a big deal of course you know given everything that's going on in the state to be about to go it was a big deal that he was going to meet that they were going to meet together and what would he say but i think what was going on behind the scenes on some of these other meter meetings whether or not it was you know the chinese and the europeans or the the trade agreement with japan or discussions about north korea or a lot of other important things going on absent the trump putin meeting and so you know we weren't part of those we were sort of left out of that stuff and i don't think that's a good thing for the united states in the e.u. and nato members thought that trump would solve. on the environment and on trade i mean they seem to kind of try to draw attention to that but the trunk putin meetings overshadowed everything to think they'd actually hope that it would they would soften that the u.s. would soffits well i think they were hopeful i don't know how optimistic they were i mean here is the good news is that the president wasn't was not present trump was not in their face on climate change they did agree to you know

a communique that mentions it and. he wasn't obstructionist didn't stop the communique. but i think maybe they were hopeful that he wouldn't be as ardent and hard over as he was when he was at the nato meeting the g. seven meeting in may but he was he stayed on message let's talk about the g. twenty communique brod what he has touched on issues very eager to hear it in pages of it and you know. everything's in there ok guys food security women empowerment litter and the oceans are right and i want to just laser in your message there to get a couple things done notice the success of working to cast her to address financial crises you know ten years on. do you let's take a look at it three of these things what about financial reform the president was after doing a tour back us reforms that dodd frank law does that put him at odds with the chain twenty it really does and remember the you know the g.

twenty began in one thousand nine hundred nine but it wasn't until the financial collapse in two thousand and eight that the leaders of the presidents and the prime ministers began to meet and they met on financial reform and stabilizing economies and markets and what to do about it and the u.s. was really i was part and parcel of this whole thing right really the leaders and passing the first financial reform law and implementing you know hundreds of different rules and regulations and then those rules and regulations were emulated particularly in europe but around the world and they've been working and the g twenty was saying hey this one. the good thing that we did they say that in the communique this is a good thing we did and we need to continue to finish it at the same time president trump is saying no pullback on some of those so it does put him at odds you and i have spoken about this before and i don't know that it will be any wholesale changes to the law that really matter for the most important things and that would

be one watching out for swaps that is the previously unregulated swaps market that caused the two thousand able or celerity of that were absolutely absolutely and then the second one lindsay is just transparency and being able to see what's going on and that is a big thing that we included in frank big thing i worked on and so i'm hopeful that the things that they do the regulators in the u.s. they can only do so much and a lot of the law with congress won't be changed too much to impact that ok let's talk about the free and fair trade we talked about scale terrorist punitive scale terrorists. investigations about it being you know foreign steel hurting us security and the ability to react what do you think about how this went how was it focused improperly is not happy about it again he's the president trump is the odd guy out here is the weirdo in there at the party because every everybody else was in favor of free fair trade and they signed this japanese e.u.

deal and you know. president xi jinping was trying to work the crowd trying to fill in the void particular the trans-pacific partnership that created by the u.s. leaving so i think the next thing to watch on trade in general and see is what you mentioned and that is whether or not we do anything on steel import tariffs and quotas and if that's going to happen is probably going to be in the next two three weeks is my guess and it could just open up the floodgates for a lot of other things to be a big mess yeah let's talk about if i'm. sitting in for a father seats there at the g. twenty not well received in chelsea clinton was tweeting i would never have been put in that seat for a lot of people it seemed inappropriate she was laughing with christine lagarde what do you make of us well so my first and my wife mentioned it to be in my first reaction was viscerally but totally not appropriate i mean i've been in these positions as like number two guy to a senator or to a cabinet member and as

a staffer you would never you know put your still in there and go go into it and so i don't think it's appropriate but that said she is a senior advisor to the president she certainly says smart i hope she's a calming influence but look we're in a different day with this administration you know they operate more like the family i mean like the brady bunch last hand no different family the boss and the done and the consider. you try out the godfather i'm talking about it all of us remember remember it analyze this village billy crystal he says to robert de niro you don't hear the word no much do you. and robert. a lot usually it's no please no don't mr trump had heard no much no hearing that from congress increasingly as we go forward and he might have heard it some over there with the g twenty absolutely thanks so much for weighing in on this subject for us former u.s. attorney commissioner mark chilton.

it used to be you'd start work young and retire when you got older but now many are reaching retirement age and rethinking that according to the economist the baby boomer generation is looking to work past retirement age for both fun and for profit how can elderly retirees help with economic growth well many find work in a booming economy for companies like google are or lifts also more people fifty five and older are sixty five percent more likely to start a new business that their younger counterparts just might not do according to the kauffman foundation even volunteering can be a net gain in two thousand and sixteen people over the age of fifty five volunteered more than three point three billion hours which according to the corporation for national and community service was get this worth more than seventy eight billion dollars well it's right it's all for now for more for more from us

here at go to youtube dot com slash. r t thanks for watching scene x. times. people with stories to tell are. those who deserve to be heard. it still goes on you know you assume for its. own opinion polling stations you see first and witnesses. they're here to speak for you there to hear. that i'll be here.

on the. by then coffee session on their data. by then is a shift the long. nodded i don't. want. for someone. so it. can be most of you was if you have to move the multiple injuries among companies to sell them to yourself you hope the robot shows you all your marks on the phone to call on people because people social services say yes but in the book a loss of. my.

own i'm a bit of nothing to laugh aloud with. something to watch. something . a little slip my. coat up to now maybe maybe maybe pull it off. with more make this manufacture come sentenced him to the public wells. when the ruling classes and project themselves. with the final merry go round certainly the one percent. we can all middle of the room signals. the real news is

really the world. here's what people have been saying about rejected in the sixties full on awesome for all of the only show i go out of my way to launch you know what it is that really packs a punch oh yeah it is the john oliver of our three americans doing the same thing we are apparently better than blue things that some see people you've never heard of love redacted the next president of the world bank so very little of any seriously send us an e-mail.

a revelation revealing nothing donald trump's son dismisses allegations of collusion with russia in a nonsense after the media declares his meeting last year with a russian lawyer as treason. amnesty international releases a report on civilian suffering during the coalition led liberation of the city we'll discuss the matter shortly with the deputy spokesman for the u.n. secretary general. and to the european court of human rights up holds belgium's ban on the full face nick cowbell in public the country is among a group of european nations which outlaw the clothing.