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 president. was 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 so a local flight a passenger flight that airlines had list 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 seventy with more than one hundred people on board. the party is likely to become italy's next coalition government spearheaded by the five star movement on the northern league party room failed a radical program designed to alter the course of national politics although it

could cause concern for the e.u. has one 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.'s rules it is important to abide by budget discipline and especially for regionally to continue to reduce the deficit it is important to stay on track. being a good champion 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 childers to everyone even only european level for now and the italian. 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 austerity sarees a party came to power what a headache it was for the e.u. 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'm standing 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 and italy it seems both parties of the government coalition are getting along so far after they finalize their program 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 no 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 party. italy's main stock market reacted negatively as the political program contains a number of sweeping economic proposals representative of the likely center right coalition told the radical plans are vital for modern italy we came to the point

where the final contract that is included in the most important things from the two parts we need to come down also the country and be able to stay into the you know in a strong way we are very focused on. democracy of our country that. we respect our alliances we want to be part of the e.u. being stronger as. militants of attempted to attack the orthodox cathedral in the capital of the russian republic of chechnya killing two policemen and one worshipper medina cocina has details. aren't militants attempted to storm an r.t. docs cathedral located and russia's republic of change police was quick at the scene on the local law enforcement shot down the four militants now the cathedral

is the only art church located in the capital of the republic grozny and it is situated right and the downtown of the city and it could be quite crowded during the weekends now according to reports the militants were armed with knives and short guns they were planning to take the civilians inside the church hostage the four attackers were eliminated by the local enforcement but during the gunfight two police officers were killed and one worshipper also lost his life now at the moment the area is cordoned off by police and the investigation is under way. the united states has lashed out at you and probe into gaza violence we'll explain all after this short break. join me every thursday on the alex salmond chill and i'll be speaking to guest of the world of politics sport i'm sure i'll see you then.

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 company ministration seems hell bent on doing among.

the united nations human rights council has voted to launch an international probe into the must deaths of palestinians on the israeli gaza border washington condemned the resolution with u.s. envoy to the u.n. nikki haley suggesting the international organization has more important issues to deal with. at a time when venezuela lurches to a 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 a democratic country is legitimate defense of its own border against terrorist attacks it is another shameful day for human rights a recent protest in gaza received fifty eight killed according to the palestinian health ministry with israel facing international condemnation president urged one

of turkey and it israel's actions a genocide against the palestinians iranian president hassan rouhani called for a united muslim front to stop what he called israeli crimes. the rallies continued on friday with thousands gathering at the border fence to condemn deaths there from day that was when the u.s. formally moved its embassy in israel to jerusalem both israelis and palestinians of longstanding statehood bid for that city. by. israeli army commented via twitter on the recent clashes saying that its troops operated in accordance with the rules of engagement which include firing live rounds quote selectively according to the un human rights council three and

a half thousand palestinians have been wounded by live ammunition since major violence broke out at the border on march thirtieth. this week's gaza violence was filled on tuesday by the anniversary of nakba that's a day that symbolizes the displacement of the palestinian people and the creation of israel he spoke to a palestinian who witnessed the day the first jewish settlers arrived and the rise of violence that followed in the region.

in the thingy and the number of palestinians killed or injured in those rallies is horrifying most of the mr villains have nothing to do with any military organization they just want justice and to return to their ancestral lands which are occupied by israel and they want the world to know about their fight for justice the protest is run on if the israeli army had not reacted to it disproportionately they could have been some form of agreement people would have just gone home all the decisions on the palestinian problem and made long ago trying to un resolutions if israel agrees to comply with them there will be peace in palestine. in

a lavish ceremony britain's prince harry has married the former american t.v. actress meghan markle that was watched by an estimate. global t.v. audience of more than a billion but with much of the media go shooting over the rules for the. reverent look is the latest episode of the ongoing show in case you missed it right on monday and this is a marriage that looks like it will last the average length at least. britain's prince harry marrying american actress american model gives the global media a reason to pretend that no one has ever heard of a wedding before the public a chance to get angry about stuff they could not care about the setting for the ceremony is it wins that cost the it's been described as a humble settings and westminster abbey yeah it's just a humble heartfelt one truly impressive is signaling over turn off thousands will be coleman is i mean around the inside the grounds of the cars still

nowhere near the actual ceremony that. there are boston people from a range of backgrounds should be herded in like i know result of president unconfirmed reports suggest that at least one person from every trace that prince philip was insulted will be represented 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 cost south of foreseeing one true privilege looks like up close but not to the sunday rolls and tea will cost an estimated twenty thousand pounds but for the lucky porpoise feel to the spoils they need to remember that the lemon in the south take that real guests are going to be eating inside this fifty thousand pound oysters when they're getting those out of service magen go anyway well a little been made of the fact that she has a black mamba but who cares about la so what is the unlucky to have the royals have

been swimming. in a very shallow gene pool the last outing is he needs them outside help. maggie is a self described that minister which she'll have plenty of time for analysis of being looked after by her husband who very clearly how he is now is healthy and hugging the great unwashed very smart says he take questions posed by the media can make the market save the money save it from what drowning in that money here's hotter meghan kate. is definitely what you can meghan markle of the black bread anything seem like she's going to be a princess. means that. going to be a presence that. the u.s. has stepped up its efforts to persuade germany to ditch the massive north stream to

gas pipeline project and washington says it doesn't rule out sanctions against firms involved in the project that's designed to pump gas from russia to germany the warning came from u.s. deputy assistant secretary of state for energy diplomacy that sandra cook she tried in companies involved in the project that they were in quote an elevated position of sanctions risk adding that washington would be delighted if the project didn't even go ahead the linz economy minister has already made germany's response clear in the words of the us america first an. interest before then you should expect that we europeans will do for an all roun economic interest to point for them. and your mother and pay from the alternative for germany party told us washington's attempts to bully berlin of gone way too far. this is pure blackmail what is what is going on here you see it. more or less it was it was told to german so if you do

not have a trade war between the european union. and the united states. there nor stream to project i hope for very much risk merkel does not give in to this so it's a dirty game it's a dead end game. donald trump has once again been accused of racism in the media but it turns out in this particular case it's comments were taken out of context. we have people coming into the country trying to come and we're stopping. that we're taking people out of the country believe. these are people. your animals. i want to share what trump said yesterday when he was talking about sanctuary cities in california these are 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 eating human i think people this way it's what the nazis did it's what slave owners stead it's not what americans do. just.

our lives is the only law enforcement agency that can not use our databases to find the bad guys. will think you're in a battle with him is there room for change and i don't know if they'll be able to pressure him hard i see. people coming into the country trying to come. up. with taking legal over to you wouldn't believe how you speak. these are people. these are animals. well as is his way term took to twitter to lash out against the media some outlets have now publish retractions and apologize to trump political cartoonist ted rall feels some of the media 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 entire nish by the behavior of organizations that are pounding their preexisting narrative whether or not the facts bear that narrative out. thanks for staying with alfie international i will be back in around half an hour's time with the latest news updates about.

was. that. was. seventy four design submissions. seventy thousand pilings. to join judges. and eight hundred sixty nonstop days of work. a russian w.b. a champion of it. and a russian mob stuff. show you how and why the crimean bridge was built. witnessed the construction of a unique transport audrie that will help the house of crimea. pasta most of those

you know what google for more snow you have it a bit but it's clear. we have to judge countries shanta need there's directives to spur case so we need more objective but the reality is. you know media tries to give the facts but also leave. their worldview so this is where social media and direct communication comes in unfortunately it's sometimes called fake news or sometimes yes but it's sometimes actually a different worldview that they just fake news by powerful people.

this is boom bust 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 of 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 what are the merits of money associated with meatless needs alex when hyla bitch helps us understand and the big conference consensus has culminated in new york city but one attendee is stuck around and she will join us one of our favorites the coin queen of switzerland all the felde meyer the c.e.o. of smart fellers all of that debt ahead but first we had some headlines hey fellows 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. and i.p.o. is now mooted by the acquisition for pay pal eyes that will value add is an increase president's presence in brick and mortar stores while pay pal is currently usable at many large retailers eyes that 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 eyes i 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 shot up 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 okada 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 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. 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 and future expert at simpler trading as you 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 per barrel profit

when you look at about three quarters of shale 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 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's problem 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 and 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 the end goal of 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 cut will also be wanting to make up for that production raji horner we really appreciate your time currency and futures experts 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 says dixit 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 amidst high oil prices it wasn't 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 bill 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. the 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 when you really does pay to look around for who has those availability and to be aware of the foreign airline.