and are in hospital one of them was being operated on the others are being studied their case is being studied we don't know yet but we will know soon. they have promised a full investigation top cuban authorities were on the side on the scene of this tragedy the president himself precedent. has just been sworn into office he was there the minister of transportation was there everybody was there trying to help and figure out what happened it's a tragedy by all means it's a local flight a passenger flight that airlines had leased from a mexican air company global air i understand is the name and on the crew was a mexican crew also. but a very very sad situation indeed a boeing seven three seven with more than one hundred people on board. what looks like becoming italy's next coalition government has unveiled

a radical program designed to alter the course of italian politics it is something that could cause concern for the european union as donald quarter explains. brussels are sweating a bit more than usual these days and it's all because italy's new euro skeptic government doesn't intend on playing by the e.u. has rules it is important to abide by budget discipline and especially for its early to continue to reduce the deficit it is important to stay on track. being a good to tambien also means being a good european citizen it needs to be repeated out loud especially now the left wing five star movement and the right wing northern league party formerly fringe now turned government majorities are promising italians a government of change confronting the e.u. on immigration austerity and taxation from europe we have the unacceptable interference underlip that officials now is the time for legality secure it's here

in pushbacks with courage we will succeed in returning citizens the rights and its elites who plays on the european stage the new government's plan for italy and europe is everything brussels doesn't want people before economic obligations as a senior official of the northern league described it they're demanding a debt discount an expansion of welfare programs and a reduction of taxes which would be a big blow to the e.u. as wallet italy is also telling brussels it's had enough bearing the burden of the migrant crisis on top of that they're challenging something that's been a constant in the e.u.'s foreign policy for some years by saying drop the sanctions against russia last time brussels saw a similar rebellion was when an anti-establishment party took the reins in greece when an anti austerity sarees a party came to power what a headache it was for the e.u. and we agreed to disagree. we didn't reach an agreement it

was never on the cards that we would. we didn't even agree to disagree from where i stand but the greek experience could hardly have been considered a win for euro skeptics series about under pressure and agreed to a renewed austerity program in italy it seems both parties of the government coalition are getting along so far after they finalize their programme they'll just need approval from the italian president if approved it would be the first e.u. founder state to be ruled by a euro skeptic government and that's starting to give brussels bigger worries than it originally had we have to brace ourselves for the worst scenario and the worst scenario could be operational government as if the absence of a government in italy seemed bad enough for the e.u. it could be soon contending with a major member state in all out rebellion donald quarter r t the stock market

reacted negatively as the program contains a number of radical economic proposals we spoke to a representative of the knowledge like least into a right coalition we came to the point where the final contract that is included in the most important things from the two parts we need this to come down also the country and be able to stay in to do you a piano you know in a strong way we are very focused on. democracy three that. we respect our alliances we want to be part of the e.u. . being stronger as. well thanks for sharing some time with us here on r.t. international about a half way through the program so far with the world's media gushing over today's royal wedding and when we take a bit of an alternative look at it right after the break.

with this manufactured game sentenced to public will. when the ruling closest to protect themselves. with the flaming. lips and neither will the city. nor middle of the room six. million new. trade wars don't make any sense because the only way to keep these countries dependent on the dollar is that they have to export to the u.s. in exchange for dollars because they need dollars to be part of the global economy and so when you go into a trade war and you cut that off you kill you you put a gun to your head and commit financial suicide by killing the dollar which is what

the trumpet ministration seems hell bent on doing the month. it is good to have you with us today and so it is a big day for some in britain today prince harry is marrying former t.v. actress my good model but with the world's media gushing over the royal celebration party boy takes a slightly less referent look at the wedding and the latest episode of her online show. in case you missed it mario not a day and this is a marriage that looks like it will last the average length at least so. britain's prince harry marrying american actress meghan mochel gives the global media a reason to pretend that no one has ever heard of a wedding before and the public

a chance to get angry about stuff they could not get about the setting for the ceremony is it wins that cost so it's been described as a humble setting than westminster abbey yeah it's just a humble cotswold one truly impressive is huge signaling turn off thousands will be coleman is i mean around inside the grounds of picasso nowhere near the actual ceremony there. are people from a range of backgrounds should be herded in like i know result of peasant unconfirmed reports suggest that at least one class and from every trace their prince philip was insulted will be represented each have will be treated to a sausage roll and a cup of tea but they were told to bring their own picnics as well so they don't posture out before seeing one true privilege looks like up close but not to the sunday rolls and see will cost an estimated twenty six thousand pounds but for the

lucky people feel to spoiled they need to remember that the lemon in the cloud take that real guests are going to be eating inside this fifty thousand pounds price now where they're getting those old room service magen go anyway well a little been made of the fact that she found a black mamba but who cares about the reasons only lucky to have the royals have been swimming relating in a very shallow jeans will the last outing is they need some outside help maggie is a self described feminist which she'll have plenty of time for now that she's being looked after by her husband in fact the only talent steve now is learning to selfies and hug. the great on what verizon says to. take questions posed by the media can make in the morning save it from war. money. magazine kate. definitely what you can

mag and. anything seem like he's going to be a princess. princess going to be a prince. the u.s. is refusing to support an international probe into the mass deaths of palestinians on the israel gaza border in fact our washington voted against the plan at the u.n. human rights council and u.s. ambassador nikki haley gave a statement suggesting that the u.n. has more important problems to deal with. at a time when we need to choose to word dictatorship iran imprisons thousands of political opponents and ethnic cleansing has taken place in burma the un so-called human rights council has decided to launch an investigation into democratic countries legitimate defense of its own border against terrorist attacks it is another shameful day for human rights recent protests in gaza i have seen fifty

eight people killed that's according to the palestinian health ministry with israel being condemned for its actions so he is president of the one hundred it a genocide against the palestinians or the iranian leader hassan rouhani called for a united muslim front to stop israeli crimes. and the rallies continued on friday with thousands gathering at the border fence local journalist was the. palestinians are here protesting again it's the second day of ramadan oh my. god you see here god is fighting the place they have been fighting to you guys sense the beginning of the protests. we also heard a lot of live ammunition since the beginning of the protest we can hear that i mean it says we're starting to get affected by the tear gas palestinians came here today to come great all of the victims killed and injured in the past past seven weeks

where at least one hundred five palestinians have been killed in the march of return and at least eight thousand palestinian protesters have been injured by live ammunition tear gas canisters rubber bullets and other weapons this ready forces have been using the israeli army commented on the recent clashes via twitter saying that its troops had responded to rioters throwing rocks with riot disposal means they had fired live rounds so elective may. this week's gaza violence was fueled on tuesday by the anniversary of al nakba a day that symbolizes the displacement of the palestinian people and we spoke to one palestinian witness of the first jewish settlers arriving on the shores of what is now is what i don't.

understand me and the number of palestinians killed or injured in israelis horrifying most of them civilians have nothing to do with any minute sure organization they just want justice and truth times their ancestral lands which are occupied by israel they want the world to know about their fight for justice the protest is run on if the israeli army did not react is it disproportionately they

could have been some form of agreement people would have just gone home all the decisions on the palestinian problem made long ago in un resolutions if israel agrees to comply with them there will be peace in palestine. us president donald trump has been accused of racism in the media but it turns out his comments in this case were clearly taken out of context. we had people coming into the country trying to come up with stuff. but we're taking people out of the country believe these. these are people. these are animals. i want to share what trump said yesterday when he was talking about sanctuary cities in california pleaser animals i'm a lot more concerned of why he does things like immigrants animals and it is a very slippery slope when you start dehumanizing people based way it's what the nazis did it's what slave owners stead it's not what americans do.

now i guess is the only law enforcement agency that can not use our databases to find the bad guys. will think it may be with you in this to remember and i don't know if they do that right so i think it's. the people coming into the country trying to stop. taking people out of the two you wouldn't believe how you speak. people. these are animals as is his way took to twitter to lash out against the media who had taken his words out of context and some outlets published retractions and even apologized to trump a political cartoonist ted rall is that some media outlets have too much of an agenda. the credibility is very hard one whether you're an individual

or you're in a good organization and it's very easily lost and it hurts me i think and many people in the world of journalism to see these media credibility being squandered this way i mean what's even more disturbing is that you can attempt to do a good job as a journalist but you're smeared and tarnished by the behavior of organizations that are pounding their preexisting narrative web. there are not the facts bear that narrative out there's nothing wrong with developing a theory about what a story is or who is behind it or where it may lead in fact if you don't do that you're probably not going to get very far but you don't start with that theory and then just pursue it till it dies forever and ever and then keep going just about wraps up the program for this hour here on oxy international thanks for spending some time with us today more stories to offer you in about half an hour's time.

bottom line i love that show me i'm a homophobe i want to be. that is. what we've got to do is identify the threats that we have it's crazy to confront a shouldn't let it be an arms race based on off and spearing dramatic development the only really i'm going to resist i don't see how that strategy will be successful very critical time time to sit down and talk.

we have to judge countries are trying to need there's directives case per case so we need more objective but the reality is. you know media tries to give the facts but also leans towards their world view so this is where social media and direct communication comes in unfortunately it's sometimes called fake news that sometimes is but it's sometimes actually a different world view not just fake news by powerful people. just say.

this is bull. us broadcasting around the world from washington d.c. i'm bart chilton thanks for joining us coming up for the program today oil prices have reached a four year high road runner a simpler trading what we should we expect and how are airlines making money in this high fuel cost environment and which are the best frequent flyer programs we'll ask gary left the founder of view from the wing dot com plus one of the merits of money associated with meatless meat alex one hyla which helps us understand and the big crystal conference consensus has culminated in new york city but one attendee is stuck around and she will join us one of our favorites of the coin queen of switzerland all the felde myers the c.e.o. of smart fellers all of that debt ahead but first we had some headlines a fellow is buying mobile payment eyes that all four payable system for two point two billion dollars pay pal notably agreed to pay twice the valuation of the one

that they had been seeking for initial pump a public offering on nasdaq later this year the planned i.p.o. is now mooted by the acquisition for pay pal eyes a little value added is an increase president's presence in brick and mortar stores while pay pal is currently usable at many large retailers isel has developed a significant presence among smaller companies for eyes that hold the merger with pay pal connects them with a reported twenty million existing pay pal customers in addition to online payment platforms that will also mix credit card readers. and u.s. supermarket chain kroger has announced a partnership with u.k. based online retailer ocado to get into the business of home delivery kroger the second largest u.s. grocery seller after wal-mart will take a five percent stake in ocado for roughly two hundred fifty million dollars as part of the deal while ocado will license kroger to use their. technology and advise the

larger company as they've been here into the new territory as many as twenty distribution centers could be built to get kroger into the delivery game ocado stock shut off on the news by more than sixty percent interestingly ocado stock also got a boost last year when amazon acquire whole foods and market watchers quickly surmise that corporate suitors would soon come calling for a cut as the race was clearly on for dominance in the grocery delivery market. and oil prices have reached a four year high of over eighty dollars per barrel for brant crude traded in london at the intercontinental exchange futures europe and west texas intermediate traded at nymex in new york was trading today at above sixty two dollars per barrel the average price of gasoline for regular gallon of gasoline is two dollars and eighty nine cents that's actually up fourteen cents in the last month and up almost fifty

cents in last year as this is occurring u.s. shale drillers are investing increased capital even more than they are making seventy five percent of shale companies spent more than they earn in the first quarter of the year and u.s. shale producing companies have assisted in boosting u.s. oil production to all time highs of more than ten million barrels of production per day the shale companies seem to have been pumping their profits back into operations during q one and here to discuss oil prices and much more is rosy horner currencies in future expert at simpler trading or she welcome back we appreciate it when you spend time with us it's always insightful we never have enough time though let's get right to it what's your take on the shale folks right now. they're in an interesting place right now because their operating costs are about thirty dollars a barrel and with w t i sitting just above seventy seventy one dollars one would think a seven forty dollars thirty dollars per profit when you look at barrel profit when you look at about three quarters of shell producers they should be sitting pretty

but as you mentioned that capital expenditure is that they have to undergo to one revitalize a lot of what we could call a dated pipeline system and also i think the short basically the short life of any of the shale wells is going to be an issue it's always going to be expensive prospect to take this oil from the earth but the interesting thing is you're right we're only number two behind russia right now in terms of production so it's really a pipeline question let's go to that actually so in the permian basin you know west texas and parts of new mexico it seems like maybe there's a capacity issue with the current pipelines how are we going to deal with that and we need to i guess if we're really going to count on shale to keep the u.s. in the production game. absolutely and you bring up a perfect point the timing is right because we just completed the by annual review

and you know basically what happened is they got their credit limits they've got the capital to start spending on there's a big refinery being built at the moment what people forget is the saudis own the largest refinery through aramco in the u.s. and what's also interesting as what's happening with some of the small cap companies small cap energy companies were spirally seeing that money flowing we're seeing slumbers a however and chevron exxon starting to move up those associated e.t.f. they're benefiting so we're seeing that the money being spent and that effect with higher crude oil it's going to keep the shell guys as happy as the saudis are with the breath over eighty and with w t i over seventy let me ask you speaking of the saudis we've got opec meeting coming up i think it's june twenty second in vienna but you've got the u.s. pulling out of iran those sanctions maybe iranian production of oil will slow then you've got the venezuela is probably most which looks like their production may

actually fall below a million barrels a day what does this all mean for supply and demand. this means that china india especially india are going to be very upset about the current levels of crude opec could not be happier they are historically behind the curve when it comes to making up for these gaps that you speak of whether it be angola brazil venezuela iran with the sanctions this gap is notoriously historically been very slow to close but if i'm the saudis or if i'm even shell producers i'm pretty happy about this because having crude above seventy dollars only serves me it's going to be tougher in the narrative will probably change if india or china really start to get upset about it but frankly where are they going to go opec's already signaled they're not going to make sanctions the part of the meeting it's really about how do they manage inventory and bring it to those five year average is that they've sought to get to well i notice that the saudis said they'll make up for any iranian production

that's lost but i imagine russia and the other folks that were involved in that production will also be wanting to make up for that production rashi horner we really appreciate your time currency and futures expert at simpler trading have a great weekend. thank you. u.s. airlines reported four point six billion dollars in checked bag fees last year according the bureau of transportation to test it said many of us recall a time when there were no baggage fees and here to give us more detail is the founder of view from the wing dot com gary left gary thank you as always for joining us we all hate baggage fees but when they were initially instituted it was due to higher fuel costs there was some thought maybe among saps like me that maybe the fees would actually be reduced at some point but that's of course not going to happen and as we're just talking about with regina horner we have high prices of

fuel again so explain what these baggage fees are how do they really translate into the bottom line for the airlines. well the first thing to realize is that while it was true that the fees were initially instituted in mid two thousand and eight. it was in the oil prices per se that were driving the bag fees it was that the airlines were trying to figure out frankly how to survive during difficult times it was it wasn't that long in two thousand and nine when oil prices were down the thirty's and bag fees didn't go away at that time the airlines were facing the great recession and they were looking for revenue anywhere they could find it and it's not really the case that bag fees mean that the airlines are taking more for travel than they used to the total cost of travel certainly in inflation adjusted terms is down when you look at fares plus fees but what they're doing is they are extracting revenue from people for services that they're providing there it's price discrimination and some people pay it while they're advertising lower fares than

ever before terms of why the airlines favor this one is they do believe that on net they're making more money but to what the lot of people misses the tax benefit which is that domestic air travel is subject to a seven and a half percent excise tax that does not apply to fees so an airline that is moving three quarters of a billion dollars for instance into fees outside of the ticket is netting about a fifty million dollars tax savings so there's a driver both for the both for the incremental revenue also being driven by the tax code gary let's talk a moment about frequent flyer programs which are the best airlines for frequent flyer programs these days i know some of them have been out some recent changes. i think the first thing to recognize is that since two thirds of miles are being earned for things other than flying you don't necessarily want to accumulate all your miles with the airline that you fly you're probably going to choose an airline

based on where you live who offers the most service if you live in atlanta you're gonna probably fly delta if you live in detroit delta if you live in dallas american and so on but that doesn't mean that's where you want to accumulate points for your credit card it doesn't mean it's where you want to accumulate points for other kinds of activity and you really can earn miles for just about anything now i generally say that you want to or in miles for credit card spend and bank programs his points transfer to a variety of airlines and hotels and the reason for that is that you can use your points for the award you want based on where you want to go at the time and who has the availability because with airlines planes fall it's been very difficult to get award tickets for the last several years at least at the prices that people have expected to pay that save or award level so we're really does pay to look around for who has those availability and to be aware of the foreign airlines partnerships of the u.s. airline themselves as well as the transfer partners of bank programs like chase's

and american express's because you can get fantastic availability from better products in the u.s. airlines offer a much better mileage flight price more value for your mile and if you travel a lot on an airline then guess what you don't have to pay all those baggage fees we are speaking about gary left the founder a view from the wing dot com we always appreciate your time have a great weekend thank you bart. financial ethics and theology news not a topic we get to all the time here on the program the vatican has issued a position paper on credit default swap c.d.'s and observant catholics may want to review their portfolio an official statement from the catholic church's body for promulgating official doctrine called the contracts a ticking time bomb ready sooner or later to explode and poisoning the health of markets the thirty four point statement from the vatican's congregation for the doctrine of the faith applied longstanding elements of church doctrine to recent

events and contemporary circumstances but likely did so with greater force under pope francis's leadership francis the first pope from latin america and has chosen to sharply emphasize spiritual an ethical perspectives on economic justice and climate change in a break with his recent predecessors pope francis may have coined a great phrase when he punted vacated that quote if we want to if we want real well bill it being of humanity money must serve not rule. and time now for a quick break but hang here because when we return eligible hyla vege helps us understand the merits and money associated with meatless meat plus we're joined by one of our favorites the big queen of switzerland result olga felt the c.e.o. of smart valinor as we go to break here the numbers at the closing bell will be right back.