past efforts to hold down prices in exchange for u.s. arms and diplomatic support saudi rulers have imposed austerity budgets in recent years as the price of oil has been relatively low allowing the price to bounce back gives the crown prince a little more wealth to share among the population as he tries to restructure the saudi economy. time now for a very brief break when we return r t correspondent alex file of it will tell us why nestle is the food and candy company is paying billions of dollars to starbucks plus a car coach lauren fix is fact and we discussed tesla's terrible trouble was the car coach has an additional title as of a few hours ago i'll explain as we go to break here are the numbers at the closing bell another green arrow for oil today at sixty nine dollars not the eighty dollars that the saudis want will be right that.

make this manufacture come sentenced to the public will. when the ruling class isn't protect themselves. with the fines go read this and be the one percent. we can all middle of the room sick. room in the real news room. to quarter. to one he counts donington disdain sexten.

because of if i was going. to be on the. show but it doesn't cause a lot of the stuff with us out of me i'm going to say let's get out of it ok let's see. if you know you call me out if you go close to a strike i'm going to use. on you so. i'll. call course possible to not let us settle to the target. you can put in the. skiff and you can become seen. in terms of and.

welcome back we've been covering the story of how regulators have been starting to get a grip on regulating crypto currency is or at least seriously considering the questions raised by the sector is explosive growth but now some big names in silicon valley investing are lining up to stop the u.s. securities and exchange commission the f.c.c. from an acting a regulation that the firms say could hold back the development of a block chain technology that is the superstructure of most crypto currencies delegations from andresen horwitz union square ventures and the national venture capital association among other stakeholder holders reportedly met with f.c.c. officials at the ses division of corporate finance to argue against a policy proposal to treat crypto currency as created by start ups as securities that designation as a security would bring extensive. oversight to such tokens as i spoke about on the

program last week with attorney gary de wall the case law surrounding the definition of what a security is is crystal clear that crypto is are in fact securities under what is called the how we test nestle the food and candy company is paying starbucks over seven billion dollars why to be able to sell starbucks brand coffee products the often controversial swiss space food giant hopes to boost its global coffee business through the deal while starbucks is also in to supporting a jolt to its business artie's alex my highlight bitch is following the story in toronto alex thanks for being with what does this mean for nestle's and starbucks. well up for nestle's is a big deals the third biggest transaction in their one hundred fifty two year history so this means big business seven point one five billion dollars worth of investment to buy a part of starbucks is business so this is not like they're taking over starbucks far from it actually what they're doing is that they're getting distribution rights

to starbucks proper products and also they will be manufacturing some of the stuff but it's everything from bad coffee to the capsules you know the ones you put in those little machines that's really a part of the business that nestle is looking at so it's a huge business obviously and what they're doing at the marketing aspect of this is kind of brilliant starbucks has a very very strong name arguably is the biggest name in coffee in the world so nestle is using this to their advantage as well as the twenty eight thousand starbucks stores around the world that those starbucks cafes that we're talking about they're not going to be bought by nestle that still just starbucks has nothing to do with it but it's a great marketing vehicle so when you have the bricks and mortar operations all over the world it's a great thing just to have that name out there and of course the products are sold more easily with a advertise in such a great way beyond that you have to look at the fact that it nestle right now this is a great little graph to show you what nestle is fighting about for the nestle believe it or not is the biggest when it comes to coffee so the biggest player in retail

coffee hold about twenty two point seven percent of the market share but it's their sales have been weak and their specially been struggling in the u.s. and starbucks is a mega power in the u.s. so for nestle this is a big deal moving forward for starbucks seven point one five billion dollars that's huge for them the company is worth forty four billion dollars but on top of that they will be also be getting royalties from nestle once these products go to into nestle's hands or start getting this massive distribution around the world. alex according to kevin johnson the starbucks c.e.o. he says it is going to bring a starbucks experience to millions more around the world with the reputation or reach of nestle's curious what you think of that statement and i'm curious whether or not we're going to have nestle's crunch coffee coming to us in the near future interestingly enough lesley's won't even be showing up on the labels of any of these starbucks products because nestle's know this whole great reputation that

they have well you know maybe a monkey business that is but not amongst people or scandal after scandal you remember the ninety's the baby formula palm oil rig attendees dying in indonesia because of nestle water that's the big one the huge water being basically sold taken from ontario here in canada british columbia from michigan from arizona tons of water being taken for pennies a bottle the plastic bottles that are in and now these capsules these capsules are biodegradable either so another environmental. disaster put a problem on their hands maybe starbucks will be able to turn them around r.t. correspondent thank you as always alex. thank you. yes the automaker has a new policy as of today dealing with contractors c.e.o. in law and must said that he has been disappointed to discover how many contractor

companies are interwoven throughout tesla contractors was now make a new effort to demonstrate their worth to tesla and have tesla employees a vouch for the contractor mr musk has even gone as far as denying access to the facilities to contractors hundreds of contractors work at tesla's fremont california plant alongside roughly ten thousand tusshar workers the new policy walsall impact other facilities of tesla for more on tesla and other auto news we're joined by lauren fix who congratulations are in order because the car coach lauren is the newly elected president of the north american car truck and utility of the year or ward's association congratulations lauren thank you so much i'm very honored and the sixty jurors all forms of media we have make good choices so that you could make a choice what does it do tell us a little bit about it it's a manual war and i assume it's an annual award held at the detroit auto show or the north american international auto show you choose the best car utility and truck of

the year based on a lot of different factors including cost lester's where was the hind quarter the full acces sixty and the lincoln navigator and they have to be ahead in technology and safety and price and really be good vehicles for consumers so there's no bio remorse and because we're so diverse of all ages and different types of outlets you get a really good choice in the end and you get to drive all these new cars oh yes i drive three cars a week if i were you and then we also go out to drive events all over the globe it sounds like a good gig congratulations i told mr to hear terms so we look forward. talking with you more about it so on to tousle after last week's earnings call reporting that the first quarter earnings or lack there of tesla stock dropped five percent and it came back a little bit on friday but it raises some serious questions and you've been sort of a skeptic of tesla since the time we've been speaking but is wall street beginning to see some of the things the way you've been seeing them lauren well definitely

during earnings call last literally just said that their questions were boring when analysts were asking serious questions because investors want to know where is the company going are you now using deposits and calling them income which he wasn't doing that before and that included for people who are purchasing service plans in advance so a lot of this stuff is changing the way he does his accounting which is not the generally accepted accounting principles known as g eight p. or gap so because of that they got questions but when he said they were boring and basically hung up on them in order to get it basically a blogger who was a big fan of the law and lost that's true a lot of red flags and that really cost him in the stock market they say he lost about a billion dollars in value but you ever ill and it says in the past it's in the past that the company is only as good as its leader and he even reference. that area a one two three and fisker in the past they failed because the leader was unable to keep and less happy so i think he may have stuck his foot in his mouth on that one

sounds like it they spent it said in the end there q one four hundred million and that doesn't even include the cost of a quick minute which is more than sixty five million dollars plus the company has a debt due of one point three billion dollars so they're going to read the need to raise some more cash right. well he says he's not going to raise cast cash i don't know how he's going to do it i mean they've got huge shutdowns on the production floor they get the u.a.w. literally camped out across the street from the factory they're trying to get people to say they want the union in there if the union goes and has a cost per car is going to really increase dramatically which means a larger loss and he's already taking any car if it wasn't for his death credits and the carbon credits that he sells to other car manufacturers that are required to meet a certain standard or lot of seven credits he wouldn't have anything but if he fails if for some reason tesla does go bankrupt that will put such

a black eye and south credits it could change the whole a layout of what we're buying and cars in general will that impact hybrids will that impact the infrastructure they're trying to build because consumers are only buying these vehicles because they're getting the state and federal tax credits and those go away for whatever reason that could be even a bigger black eye for that portion of the industry and finally you know this year is the fiftieth anniversary of the love bug one nine hundred sixty eight film using that iconic sixty three v.w. beetle named herbie with that number fifty three on the door of the original film was followed by four additional movies including the two thousand and five reboot with lindsey lowe and my question is you know you've just seen a lot of these beatle fans all around and other folks car enthusiastic your travels right. absolutely there is even people that are total collectors of the twenty one window micro bus were those the oh absolutely they were very big in the sixty's yeah i mean i'm a mustang fan i knew my daughter shelby we collect old ford mustangs i have friends

that are corvette crazy porsche friends no matter what the brain does even the pontiac aztek you'd be surprised there are people that like that car but you know i think that's a whole thing it's a passion a story that we all have for cars that we remember when we were in high school and those are the cars we lust after and car enthusiasts are everywhere i did a long drive this past week and lauren i got to me and there are miata fans called out there too and i had people going by and giving me i guess there's a miata sign i don't i don't know what people were waving in sort of a weird way to me so i just waved right back and smiled anyway we're pleased they are with us lauren not just the car coach lauren fix but now the president the newly elected hours ago president the north american car utility truck of the year awards lauren thank you for your time thank you bart. and before we go and speaking of beatles the fifth beatle spelled differently the late sir george martin is in the news according to a stew but the recording studio rather of the late recording producer is being put

up for sale sir george was given the informal fifth beatle title by many including sir paul mccartney due to the producer's important influence on the beatles the studio has been used recently for movies such as dunkirk phantom thread and interstellar the studio is still used by mr mccartney and bands such as muse and coldplay they are sale which will be conducted by bridge capital will include the more than four million dollars worth of recording equipment and expected to drop many wealthy potential purchases for the already profitable studio and that's all for now thanks for watching be sure to catch boom bust on you tube you tube dot com slash boom bust r.t. will catch you next time.

thank. you. thank you you thank . ministries police forces and city administrations of many countries depend on one corporation that does my mike will still be on the board doesn't run from the eyes of god i'm just the dumbest on the guns. with their death even on

into the sea it's enough to live in them proprietary software you don't know the source code isn't that it's such a security risk when you have a black box operating the public eye to microsoft dependency puts governments under a cyber threat and not only that to think all of us can put us in mall that's what we call softness of the sense of selling the false the we won't know cool the will for the most of these who will do this. it's the ones this is the. host i'm done with the old patients stopped and there was a string of phone calls in front is up in these cards in the fine.

for a world cup twenty eight team coverage we've signed one of the greatest goalkeepers of alternative but there was one last question and by the way who's going to be our coach. guys i know you are nervous is a huge star among us and the huge amount of pressure to come out you have to go i mean eighty percent of the beach football we're with you and we will show the great game the greatest good you are the rock at the back nobody gets past you we need you to get the doll going left go. on. a low dose i want to know and i'm really happy to join the to him for the two thousand infield the world cup in russia meet the special one it was also appreciated me to just take the radio. please.

present. within the next. to last minute visit to washington. to head up the cia is set to be grilled by the senate. because. they are being targeted by. concentration.

hello welcome it's five pm here in moscow you're watching r.t. international now in about three hours time donald trump is expected to announce the fate of the iran's nuclear deal he made the announcement on twitter yesterday after being a big critic of the agreement but the u.s. presence threat to scrap it has set off the alarm bells across europe so much so in fact the british foreign secretary boris johnson paid a last minute visit to washington in a bid to sway his thinking on the matter johnson met with the newly appointed secretary of state mike pompei o and also appeared on trump's favorite t.v. show. the president has been right to call attention to it but you couldn't do that without just throwing the baby out with the bathwater without scrapping the whole thing because if you do that you have to answer the question what next foreign secretaries first stop in d.c. was fox and friends why well johnson wasn't able to speak to the president so he decided to deliver his message via trump's favorite t.v.

show he's not the first european official that's tried to warn the us against leaving the deal the german and french foreign ministers have stated that there's no justifiable reason to pull out of the deal and before that president mccrone and chancellor merkel even visited washington d.c. to discuss the matter but they were unable to convince trump otherwise we could open a pandora's box there could be a war i don't think that donald trump wants war while the u.s. is divided along partisan lines and it's mostly democrats who want to uphold what's widely regarded as obama's only foreign policy achievement according to many pundits on t.v. here but believe it or not the republican chair of the house armed services committee advised against leaving the deal check out what he had to say i'm not necessarily opposed to sticking with this new york forever but you need to have a clearer idea about next steps if we are going to pull out so it looks like there's both a domestic and international effort to convince trump against killing the deal

we'll just have to wait and see what happens. there will meanwhile trump a slam the former secretary of state john kerry the shadow diplomacy the next diplomats reportedly met iran's foreign minister at the u.n. recently and discussed ways of saving the deal and the obama administration the iran nuclear agreement was reached back in twenty fifteen between taran and five permanent members of the un security council plus germany the negotiations had taken more than nine years and under the agreement iran's obliged to limit its nuclear program in return for the lifting of sanctions the midterms threats to scrap the deal around. president though has hinted his country may continue to comply with its terms in any case one of the main players trying to kill off the agreement is the israeli pm and netanyahu he's been blaming taran for aggressive intentions and is convinced too that iran's planning to plant weapons in syria in to target israel we discussed the issue with the political and sally who fears it

could end in more france's tried germany has tried. no one seems to get through to trump except mitten yahoo the war hawks in the white house such as bolton and pompei oh. this is i think one of the biggest problems of our you know they'll be pushing harder harder harder to get a war with iran with the deal did visit going to be a lot more warmongering you'll have accusations w m d's like we had in two thousand and two two thousand and three in the run up to iraq iraq is pretty similar to libya has been decimated yemen is being decimated meanwhile the woman who trump wants as his new director of the cia is set to be grilled by the senate the appointment of gina would be controversial as she's been implicated in the agency's so-called enhanced interrogation techniques with more on this is more against the. trump's really pushing gina haskell is the perfect candidate strong

really strong smart tough and with thirty years of judy behind her so why all the hate one highly respected nominee for cia director gina her support has come under fire because she was too tough on terrorists think of that in these very dangerous times we have the most qualified person a woman who democrats want out because she is too tough on terror when jeana tough and terrorists meaning she ran a secret cia detention center where she those under her reportedly tortured prisoners by the way the videotapes which allegedly documented some of the most horrific tortures were destroyed by the cia tough woman all right with years of experience in the moral torture and any other reasons to vouch for her there's no one more qualified to be the first woman to lead the cia than thirty plus years

cia veteran gina has spoke any democrat who claims to support women's empowerment and our national security but opposes her nomination is a total hypocrite interesting how someone's gender is now a factor when selecting a new cia head great argument as well that's like telling all black people all white people to only vote for the candidate of their skin color and people aren't buying that argument torture sarah to choose the reason why she's not qualified if you ridiculous trump loving idiots feminism is about ensuring that women have the same rights and opportunities as men it also means holding women as accountable as man i oppose any torture of male or female for cia director that's like saying if you claim to be a group monger. i refuse to eat one of jack the ripper his prime cuts of me your hypocrite women's empowerment is about getting their rights women nominated for the

job not just one with seniority now gina who apparently had no problem torturing tied up suspects is allegedly squeamish about the confirmation hearing all those tough questions and in public might prove too much but trump has her back don't tell me it doesn't work to what your works ok folks should do you know have these go torture doesn't work believe me it works ok trump was applauded for that and many are of course against haskell and for their troubles their targeted with this president trump is nominated hospital leave the cia but rand paul is opposing the confirmation falsely accusing her of torturing it's right up the is a big ask you did exactly what our country asked of her and what was necessary to keep us safe call rep with mine to washington to represent us. fortunately those resisting on capitol hill aren't alone one hundred nine retired

generals and admirals have urged the u.s. senate to reconsider given her ties to you know torturing human beings as a retired general and flag officers of the united states military we are deeply troubled by the prospect of someone who appears to have been intimately involved in torture being elevated to one of the most important positions of leadership in the intelligence community with this much opposition to gina haskell's nomination the job is still far off but make no mistake if the former torture a gets the job despite everything many many people will cheer and applaud. that workers at the museum of the former nazi death camp backchat say they've become the target of a hate campaign waged by polish nationalists. concerned about an increase in anti semitic incidence most recently the home of an italian guide at the museum was

vandalized gets washed it isn't xenophobia slogans as you can see there included poland for the poles and only polish guides in a polish nationalistic used officials at the site of downplaying the death of non jewish prisoners at the camp. what we hear is that people who died here mostly were jews that's a lie let me speak and so it is the government of israel and jews polish jews especially our attacking us they make us look bad well actually it's museum officials to deny claims they have under represented the deaths of polish jews and also you say this have been the target of online harassment and fake news reportedly incited by nationalists and that coincides stay with the introduction of poland's new holocaust speech it was passed this year and bans any came to the country collaborated with the with nazi germany during world war two specifically the legislation prohibits references to wartime nazi death camps in the countries

being polish that is in violation of the law face up to three years in prison the law though has faced a backlash in particular from israel and the us why the polish government has seen fit to come up with this legislation for beating people to have an opinion about the guilt or lack thereof of the polish nation it is bad for governments to try and regulate culture and history and literature. why no one can understand what why they would like to have some control over the narrative but it is all in all that bad practice the history of auschwitz no matter whether they are polish or foreign should be the guards there and this should be. the standard everywhere in every news.