you know one for one gold or silver initially but when i say back to it's actually it's divisible allocated tonsil of gold and silver so how do you know that. thomas how would you keep that balance between the actual price of gold yannick a nice token. will will ultimately the the the money in the system the monetary buys is it's increased or decreased by sickly through demand and supply in there cannot be more money than in the system than what there is gold and you know the process will be balanced just simply through the fact that well it's ultimately the gold cross and if that dislocates from other of the gold markets around the world then you know arbitrage exists an arbitrage traders can come in and and utilize those process and differentials so i mean where you have. i come out of the company allocated billion exchange of which

i'm the c.e.o. of as well we have a whole sell billion exchange for gold and silver for physical gold silver all around the world and from from this like wholesale physical marketplace. has been born from and from out same and so we're interfacing these two markets together and these are large markets that will be x. is a large market that has really brought can isa's into into existence and so the physical market its interface into the canapes a system and the process will be very very similar you might see some you know pricing differentials at different points in time but ultimately it should be the physical process of gold which will actually be taken a service monetary process right where you all have that which is i think the problem in general with some crypto zur based upon nothing other than supply and demand of nothing anyway and we hope you'll come back thomas at thomas kaplan the

c.e.o. of kidneys is limited thank you so much for your time. thank you very much lou. and time now for a quick break but hang here because when we return the senate there's an impending nafta deadline this week alex pile of it joins us with an urgent update plus she's back yeah the car coach lauren fix helps us work through a cavalcade of pardons and as we go to break here are the numbers at the closing bell bitcoin bouncing back after a big drop earlier in the day never a boring investing day in the crypto field will be right back. in twenty four to you know bloody revolution to the demonstrations going from being relatively peaceful political protests to be creasing the violent revolution is always spontaneous or is it still or here i mean your list put me in the.

school in the middle of the former ukrainian president recalls the events of twenty forty. those who took part in this to do over five billion dollars to assist ukraine in these an article that will ensure a secure and prosperous and democratic. across europe municipalities are taking their water supply back from private companies to meet the social simple song alone even some company elsewhere though they invited private companies to take over the utilities anybody tell us. mr gus you got the going to be cool. pieces of us to quote them out. for you but then the bill brought up locals are ready to stand up for the basic

human right of access to water it's about water. but it is of silver much more than lore it's about the hurt and the redistribution of. course on day to day downwards we want to. welcome back the markets have reacted to president trump's announced policy blueprint on bringing down prescription drug prices and they don't seem very concerned we told you last week that mr trump the bandon the promise that drug companies feared most that is to allow medicare to negotiate lower prescription drug prices according to craig garthwaite of northwestern university the proposal was quote quite underwhelming on the flipside the president did promise action against pharmacy benefit managers or p b m's who are derided as person who he had

derided as parasitic middlemen p.b.m. for third party administrators for drug plans under private insurance who are expected to create a fission sees in the system and sometimes get kickbacks for successful price negotiations leading some to question the role of p.b.s. but big pharma companies are heaving a sigh of relief that mr trump did not make good on his promise and their profits will soon show it already stock prices for express scripts and c.v.s. two of the nation's biggest players in the p.b. m's were up two percent after mr trump's speech on friday united health which owns the nation's third largest p.b.m. said they welcome the trump plan and other drug and biotech stocks rose after the president's announcements according to wall street journal and an analyst from stanford c. bernstein and company said the proposal confirms that quote the administration was and will remain very pro pharma. the face of the japanese shipping industry is changing as the three largest carriers are merging in to a bid to secure

a market position against regional and global rive. the n. y. k. line k. line and mitsui o.s.k. lines began joint operations late last month as the ocean network express or one effectively creating the sixth largest shipping operator with seventy percent of global market share mitsui is the de facto leader of the new formation the shipping industry has been consolidating for years across the board in recent years there's been a glut of low prices and in the past three years twenty of the biggest shipping or operators have consolidated to just seven companies. and checking back in on a story reported last week the c.e.o. of air france k l m will be pursuing other opportunities sometime this week at the executive had staked his position on the outcome of a worker vote on a previously rejected pay proposal the predictable second rejection leaves air france and the government of france to try and steer the company out of

a worker's dreich and slow down action that is believed to be costing the company twenty five million euros every single day it goes on the french state owns a fourteen percent financial stake in the airline and twenty three percent of corporate voting rights and president manual mccrone has made disappointing labor with lower wages less job security and austerity budgets a priority of his presidency with the crisis on their minds air france's board will meet this week to choose a new c.e.o. . and an official deadline to the nafta negotiations is looming as the latest round of talks continue to leave a number of issues on resolved artie's alex will hyla bitch has the latest alex thank you for being with us why the rush to get this done is this about speaker paul ryan last week saying something about fast track what's the status. it's

completely about speaker paul ryan he's the one that's got his knickers in a knot if you think of it that way like he wants this push through by may the seventeenth he says he wants congress to vote on this year and may seventeenth is the deadline in his head now some analysts are saying really may seventeenth is not necessarily the date if we get into well into june and things should be ok paul ryan i think he's you're really sounding the alarm he wants things done a a.p. and something that you mentioned that fast track that that's a part of the whole trade promotion authority it's something that has had a few different names over the decades it is about fast tracking through congress and it particularly deals with trade so it gives the administration a set period of time to push a trade agreement through congress and it also has a notification period now that notification periods a bit of a pause so people in congress can actually look at what the agreements like and also for public consultation but any way you turn it they want to push forward the

talk of the clock is taking that that's a for sure thing and also don't forget november sixth is when we have the vote coming in the election so that the mid-term elections they'd like to get it done while the republicans are holding everything you know in government and they don't want to risk that they really want to push this through also from the mexican standpoint they're having an election as well so having the nafta deal in place would be good for both the american side and the mexican side for those reasons it just looks good for the government you know that the mexicans have their election coming up maybe july first but i think it's a july if not if not the first so alex what are some of the key issues that the parties have not been able to agree upon so far. that's one of it one of the key issues here and this is an important one is the investor state dispute system now that is a part of the after as it stands in the way that you have to look at this is that private companies and investors can sue nafta states if they feel that the nafta country is not following the rules and the canadians really like this and they'd

like to push it through a little bit of resistance from the states on that it's something that's being negotiated at this time as well as dairy dairies a big one and that's kind of canada's fault canada has pretty strict rules of what they allow in the tariffs and also just the regulations here are a little bit different than in the states so the americans they want a bit better opportunity to be able to sell dairy in canada so they want some of these rules to be loosened a little bit the tariffs drop so that they can actually enter the canadian market and the big one this one that we've talked about many many times that would be the auto industry as you know the auto industry is integrated very tightly between canada mexico and the states and the americans have a couple of points what they want to see push through here now here in particular is one sticking point that canada and mexico are really kind of against is that the u.s. wants to increase the percentage of car parts that must be produced in nafta countries and for that car to be shipped across borders without facing taxes now mexico and

canada do not want to have any part of this they think that this is the percentages are way too high for the parts being manufactured in north america as well as the fact that they're saying in the end consumers will end up paying hundreds if not thousands of dollars more for vehicles and they want to mitigate that from happening also finally the u.s. also wants forty five percent even for cars and forty four percent for pickup trucks to be produced by higher wage workers so they want to see workers actually getting more money and mexico is pushing back on this they're saying how about we keep it around twenty percent instead of that high number so that's what we're looking at when it comes to nafta at this point we appreciate you following this really important issue at the port for canada. go and for the united states r.t. correspondent alex my heil of h. thank you as always thank you. and for the hour on this we're joined by lauren fix the car coach and the new

president of the north american car truck and utility award of the year lauren there is so much to cover in what seems like just a cavalcade of car news but let's start where alex left off on nafta on friday president trump met with auto industry executives and explained the u.s. trading prison that at least seventy five percent of north american content will be your quired for cars crossing the border between mexico and canada that's down from an earlier proposal of eighty five percent but the current nafta rules require sixty two point nine to sixty two point five percent rather these are rules of origin rates they call them where do you see this ending up lauren. well i think there's going to be a happy medium somewhere obviously president trump's goal when he brought in all the automakers the c.e.o.'s he had everyone there for mary barra literally every you know big player that was out there and they all thought they're going to talk about corporate average fuel economy but instead they talked about nafta and how he

wants to bring more jobs back here it's good for the unions it's good for the nine unions it's good for suppliers because that all boost the economy so i i know at some point there's going to be some sort of happy medium when this gets settled as we said earlier we don't know it would be nice it was before the next term of elections but it looks like that what's going to happen is there will be some happy medium that will increase the current percentage which is too low and what's happening is a lot of products being built in china thailand singapore and when the price come over here they take away jobs and there is no tariff so if they decide to continue building them in other countries there's going to be a penalty that could be as high as twenty five percent that's enough to make you build here in the u.s. absolutely thank you for that at the meeting on friday with the auto exacts it's reported that the companies really want the administration to do something which i think is going to be sort of odd for the trumpet ministration to weigh in on this battle between having to corporate average fuel economy standards to the national

standard and then california and there's other states that have joined california and actually have a higher mileage per gallon ratio i mean i don't understand how the car companies could deal with this i understand why they don't want to have to make two different types of engines or types of cars but i don't know how the administration is going to thread this needle do you. well i kind of know they're going to do it first off scott pruitt's already going to go to battle with california and he's in charge of the e.p.a. he's going to tell california this is not the tail wagging the dog you're one state of fifty and you shouldn't be calling the rules for every other state now here in california we understand that you have clean air regulations have been in place since one thousand nine hundred two but they don't allow for you to call the shots for the automakers but right now automakers are making different variants of different cars for different areas of the country we just don't see that and it's not blatantly obvious but one thing that you're going to find very interesting is i think the automakers are sort of like a watermelon on the outside they're saying we're all about being green we're all

about being green but then on the inside they're really about making money it's about you know about the read and making as much as they can so i think that this is going to be an interesting factor that although they're saying on the outside it's all about being green and they want to have high fuel economy standards they've got shareholders they have to report to and those shareholders are demanding profits and that's really what capitalism is all about so it's going to be interesting but i think between california going to war with scott pruitt and what's going on with the corporate average fuel economy we are going to see change and like i said this if they end those carbon credits which he might do they end of e.v.a.'s because they want to will be selling as many as they are for not getting that seventy five hundred dollar tax credit we both write a bunch of opinion editorials lauren and i get the title for your next one the watermelon economy there you go you could take it from there lauren i want to share with you here is to the iran sanctions. and we know have been selling cars in iran for a long time they quit there in two thousand and twelve begin wrapping up in two thousand

and fifteen with the iran nuclear agreement but now the u.s. is pulling out of course the e.u. and china and russia aren't pulling out what are they going to do they get it's going to keep selling cars into iran but that may risk sanctions against peugeot when we know from the u.s. and that's very interesting because really. owns nissan so they do sell cars here in the u.s. and across the globe were peugeot was just starting to come back into the u.s. so i think that they don't want to upset the u.s. government because if they are going to continue to sell to iran and to say i don't care what you're going to do they could stop some of their production here in the u.s. so i feeling that they're going to have to sit on their hands and wait to see what happens and maybe we'll be able to renegotiate this iran deal or who knows what'll happen there's a lot happening every single day and that's not really my expertise in politics but i will tell you when it comes to the auto industry it's about selling cars and that's the bottom line it's about the inside of a watermelon one more quick area we're going to shift all the way to asia china

auto sales were up by twelve percent in april to eighty two thousand vehicles you know i have i don't look at these numbers like you do but it seems like a heck of a lot of vehicles in one quarter right well that they're middle class is growing like crazy people that never had money have the ability to purchase cars you actually have to wait in line to get your driver's license you may be able to afford a car but they're putting so many vehicles on the road each day and their cars don't go off their look we have a used car market they don't have one in china what they do is when you're done with a car you want to new one you give that car or sell that car to someone else within your family and it stays in use until it's gone so the only new cars are being sold so there's a lot of new vehicles being sold you're not seeing a used car market place in that this point even with the middle class growing there is going to be more car sales every single month than china is the number one market if you look at the mileage on my autos lauren you'd think that's what i do to i keep driving them to till they're gone lauren fix the car coach and the new

president of the north american car truck utilities ward of the year thank you as always lauren take care thank you. and thank you all for watching that's it for this time be sure to catch boom bust on you tube you tube dot com slash boom bust artie we'll see you next time. though some officials do not. fully understand or do most fully accept the principle of full being beyond politics that's a fundamental principle of the world for both. people who are granted some people may have opinions but it's their own opinions and doesn't influence opinions of the many other full families who are. tickets every day in large volumes.

the politics in washington up and driven by the fossil fuel energy lobbyist they could have gone into renewables ten twenty years earlier and those jobs would be in place generating good paying jobs in america would be part of a growing world beating industry because they kowtow to those lobbyists they got stuck in the coal business which operated by the gas business which is a chilly dodgy had to turn a lot of reasons and now it's going to be obliterated by the chinese led revolution in solar. before.

we're here are funny. dozens of palestinians are shot and killed by israeli soldiers on the gaza border in the worst a day of violence since two thousand and fourteen one. u.s. soldier subject himself to waterboarding to test whether the interrogation technique is a form of torture. and with strong anti-american views takes the lead in iraq's general election with most votes now counter.

broadcasting live direct from our studios in moscow this is our national thomas certainly glad to have you with us. now the opening of the u.s. embassy in jerusalem has been marred by deadly violence on the gaza border the united nations condemned israel's use of lethal force after the largest single day loss of life since two thousand and fourteen. at least fifty eight protesters were killed on monday according to gaza's health ministry nearly a dozen were children including eight year old girl who died of gas poisoning and more than two thousand other people were injured as well. donald trump's decision to recognize jerusalem as the israeli capital last december has caused months of unrest.

what a glorious day remember this morning. thank you. this is history. the united states will always be a great friend of israel and a partner in the cause of freedom and peace. that diapers are still shooting tear gas canisters on the protesters at trying to disperse all these all these protesters in the e.u. can see that at the tear gas fired is very concentrated we look and feel it from

a very very far away there are palestinian protesters that are injured and trapped inside where. the palestinian minister has been the ambulances can't reach them. so what happened right now is we heard a huge huge explosion and. that they israeli air strikes on a place but a near to the protest as they're trying to scale the palestinian protesters to get that goal. throughout the day there was a bunch of highs regarding violence in fact two hours ago during the highest peak

of violence where the protesters and the israeli military forces clashed almost head on israeli military forces using rubber coated steel bullets tear gas canisters stun grenades and other armaments at their disposal against the palestinian protesters were mainly throwing stones and chanting against israeli military forces this had increased as the day went on with things calming down but make no mistake this area was a battle zone before with many protests happening across the west bank from ramallah to nablus to bethlehem and even hebron and other protests have occurred in the region as well with different places such as lebanon and even with some protesters going against the these decisions and rejecting these policies that are being presented by the americans following monday's events turkey recalled its ambassador to israel and the united states for consultations france accused washington of violating international law by moving its embassy to jerusalem

condemned the use of force one of the negative consequences for the region international relations professor hussein obama she told us that the situation could really upset u.s. relations with key allies. i think not only because she's right about those of the american turkish relations. you do expect this the american government. didn't respond the turkish president statement indicates clearly that america is not going to become a mediator anymore and turkey appears alone. against america. in this context what. it will be achieved we will see at the moment it is the time of demonstrations the determination of turkish president to appear. on the protector of the palestinians.

since very beginning of the government most e.u. countries decided to boycott the opening of the new us embassy although representatives from hungary romania and the czech republic were fair donald trump himself chosen not to attend instead he sent daughter ivanka and her husband a white house adviser jared kushner here is a brief recap of why the status of jerusalem is such a divisive issue. jerusalem is a city that's been a point of contention for nearly a thousand years ever since the first crusaders arrived to drive the muslim population away the nearly two centuries the area was governed by christian congress under the name of the kingdom of jerusalem but the end of the thirteenth century had been a crusade so he landed up on the muslim control with so much turbulent religious history today the area holds significance for christians jews and muslims alike all regard different parts of the old city to be their only sides and since the

formation of the state of israel in one hundred forty eight israel considers jerusalem to be its capital the subsequent conflict with the arab neighbors so israel captured and annex the entire city of jerusalem the move has never been recognized by the united nations stands firm on the idea of establishing the two state solution where israel and palestine exist independently so by president trump announcing moving the embassy to jerusalem he's on the line that the u.s. recognizes the holy city to be the capital of israel for the international community that goes against the notion that in any change in the city status should come through negotiations and not a unilateral action as of now out of eighty seven countries that have embassies in israel the u.s. will be the only country to base its facility in jerusalem. i'm standing here in front of the american embassy where in the last few moments an angry crowd has gathered there protesting against the embassy meet and israeli police are trying to keep the crowd at bay why you have. i'm here to oppose this version by the

u.s. administration to relocate their embassy in the heart of the contested city in the heart of the city for thirty to forty percent of its residents are living under occupation that are not that is the that is stated the night of basic rights i mean the group at all that's left for the day asked for its use against the occupation we're here because we oppose transcendant feel we think it's playing with the lives of israelis and palestinians alike in our lives and it's. it is not a game what's happening today is illegal and unacceptable and it's our duty to say no admittedly any fraidy parliamentarian why what do you what do you think about the whole incident we are. in a demonstration which has been licensed by those in the police but immediately after we arrived they attacked us attacked a member of the knesset just because we had it been two of the best known for them and then they attacked us and pushed us to the back we are here to see that

jerusalem east is ok if i did it today it could be the capital of the state the palestine the tensions are definitely running high here as you can see these couples in clashes and we're being pushed forward and. a lot of anger out of. what happened let up in fact right out the heart of the firefight up the material that up there shit that if we were not i don't think. all of this coming as the embassy just across the road is opening so while the world is witnessing crum pictures of a historic occasion our future we see them in a sea opening just across the road are these kind of scenes unfurling where there is a lot of anger and out of frustration and a lot of disappointment that the american government went ahead with this move now the americans have been putting a lot of pressure on countries to sign up and approve this move although there is

a lot of resistance internationally to it we have seen the u.s. ambassador to the united nations and he has resorting to duty tactics and writing a threatening letter to consider the vote i want you to know the president and the u.s. take this vote personally he will be watching this vote carefully and has requested our report back on those who voted against us thank you for your consideration and more more questions. being asked if the current violence that we witnessing is a response to the embassy me well then just how exactly does the american president try to think that he is going to cut as he has said the deal of the century between israelis and palestinians well the israeli military has defended its use of live fire on the border and a spokesman for the i.d.f. blamed hamas which controls gaza. our message to the hamas is clear we will not tolerate this violence we will continue to defend.