or is that new york university on the science the u.n. intergovernmental panel on climate change or i.p.c.c. today warned that our species only has about a dozen years left to take urgent transformative action to avoid absolute climate catastrophe the i.p.c.c. says time is quickly running out to hold global warming to one point five degrees versus two degrees of voiding global death to coral reefs and cataclysmic consequences for humanity. the chinese central bank officially named the people's bank of china has cut the reserve ratio of deposits that banks are required to hold for the fourth time this year that means more money is freed up in china as interest rates will be cut by one hundred basis points by october fifteenth lowering the reserve rate is a standard policy move to encourage lending and it also increases capital into the economy the central banks policy change is expected to make roughly one hundred ten billion dollars in additional capital available for lending the policy announcement

came at the end of a weeklong patriotic holiday and suggests that chinese leaders are looking for policy options to weather the continuing turbulent turbulence as global trade tensions continue. and last week we told you about a former saudi journalist jamal khashoggi who disappeared after entering the saudi consulate in istanbul turkey trying to get a marriage license well now reports from turkish authorities are that the worst case scenario feared by many has they say occurred that mr is dead killed in a consulate in peru in a premeditated attack if this proves to be true it raises all kinds of questions about future relations with the saudis and how that might impact barrak on a me and others here to help us understand more about the circumstances and what it may mean for international relations business and finance our conservative t.v. and radio commentator steve malzberg and ali all of the men who are pleased to.

obviously director of the gulf institute thank you both for being here steve let's start with you give us a brief summary we spoke a little bit about this last week when we were talking about saudi arabia but where are we with mr kushner disappearance well of course. it was a saudi journalist who was very supportive of the monarchy and then when the prince started rounding people up and putting them under house arrest without due process about a year ago including his cousins and businessmen and intellectuals you name it he started writing negative things about the kingdom he left the country on self-imposed exile and about a couple of weeks ago end of september he went to the saudi embassy in istanbul turkey because he wanted to marry a turkish girl so he wanted to get the proper papers they told him reportedly come back next week and that gave him the day which was last tuesday so he went back and his fiance and best friend said he went and he never came out there are a lot of people now saying this was premeditated the saudis sent

a team there to take care of him to kill him they deny that the turkish authorities are saying he's dead and so we're just awaiting word on where we are but it looks like the worst has happened to him steve there are some calls in the u.s. by senators and others to say you know we should start to sever ties in some way that to be a baby alive so we would see and wait because this is still a mystery and if he is that that's good news obviously for him and his family but. we will not see a change if you will a spotless see because over the over this this issue mr wanted to say was not a dissident he was a loyalist all of his life even recently he pledged allegiance to the king he may have. been with mohamed bin said munda mad king of saudi arabia but he had. manes

committed to that he and he in fact opposed dissidents who wanted a kind of change or amend this change of reform in the country so this is a case of loyalists who turned. in some way and he must have been used as an example to show that loyalists who are in the government that they cannot defect it's really an insurance policy against mass defection from the current to the. motor the kind of the government mr award for many years for certain parts of their own family and maybe he was doing that. writing and that we have i have no idea but nevertheless his loyalty i think what it against him when the decision was made to either to add us to him or to eliminate him yeah thank you ali and steve you know we have looked at growth in the kingdom and they've done ok

but it's certainly suffered with lower oil prices recently and you've spoken before about the effort to sort of try and diffuse the reliance upon petroleum i mean forty two percent of the g.d.p. in the kingdom is from these petroleum reserves they've got the second largest reserves in the world but how are they trying to expand their revenues and their businesses steve well for instance a vision to twenty thirty which is what the prince's been big on almost as a distraction to what he's been doing with the crackdown it's an entertainment industry that's just springing up all over saudi arabia movie theaters cirque de soleil a big park with six flags franchise inside it all kinds of comedy clubs and and street fairs which is very unusual in saudi arabia he's trying to appeal to the millennial one third of the millennial in the country are unemployed . they've seen because of what's happened with the price of oil they've seen

government subsidies cut down and now they're seeing these a lot of money is going to subsidize this new entertainment industry so although he's trying to appeal to millenniums who may have been out of the country and have come back and want the same kind of you know entertainment value with the or in saudi arabia so to speak the other olds who depend on the subsidies who are very religious they're not happy they're saying why should our money be cut and now you subsidizing this entertainment industry and by the way you know we're while hobbyists and we don't really like the scantily clad people on these risque kind of movies so it's a it's a real quandary for the prince but that's something he's trying to do but again i agree with everything your other guest said i don't think they'll be any kind of made big action by trump or this administration you know they detained the lebanese prime minister not too long ago and this administration of ours really didn't say anything and i think they're too valuable in the view of the administration to do

anything rash or brash we've both if you're in the inside steve walz we're going ali ahmed ahmed ali thank you so much for being with us we're glad you joined us thank you guys thank you. the south african mining sector is historic luster seems to be fading some of the earth largest reserves of precious metals including palladium platinum and of course gold lie under south african soil as well as iron diamonds in your rainy i'm in the one nine hundred seventy s. and mining produced one fifth of the south african gross domestic product and the rush to capture diamonds and gold this intra goal to the history of white colonialism in south africa now mining reportedly accounts for less than eight percent of south africa's g.d.p. today the wall street journal reports that the three largest south african gold mining firms lost a combined total of four hundred fifty three million dollars last year weighed down by a forty percent drop in the price of gold from

a peak of over eight hundred dollars per ounce in august of twenty eleven the deep very deep mine shafts were mostly evacuated in the apartheid era and now bring materials up those shaft is really increasingly difficult and logistical challenge while wage and safety policies have failed to adapt making profits extremely elusive. time after a quick break but hang here because when we return we head to the e.u. to paris to take a look at efforts to move businesses including big banks and others from london to paris in light of brecht's it and later christiane counterpart tells us about her new novel and compelling krypto initiative as we go to break here are the numbers at the closing bell a bad day on the big board for south africa as gold which we just discussed closed down for the day back into play.

join me every day on the alex. i'm unsure and i'll be speaking to yes of the world of politics sports business i'm show business i'll see you then. when a loved one is murder it's natural to seek the death penalty for the murder i would prefer it be newlin the death penalty just because i think that's the fair thing the right thing research shows that for every nine executions one convict is found innocent the idea that we were executing innocent people is terrifying the is just no way to present and then we're even many of the times families want the death penalty to be abolished the reason we have to keep the death penalty here is because that's what murder victims' families what that's going to give them peace

that's going to give them justice and we come in and say. not quite enough we've been through this this isn't the way. you know world of big partisan movies a lot and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smarter we need to stop slamming the door. and shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now for watching closely watching the hawks.

some of the charm offensive is no it just says. london has long been europe's top financial center but that could be a little awkward when the u.k. is no longer part of the u. . and if there's one thing that must call the former rock styled investment bank good news this thing will to about it's based sector one will be group paris europe last estimates three and a half thousand jobs from the finance and banking sector will transfer the french capital from london i like ten million dollars worth of the coins fifty million dollars with the big clients per trade so that makes it like very impractical to go through a market where you're going to be buying bits incrementally hire and so what you want to do is bring transparency to the old to see the over the counter counter market in the crypto space right now so i think the regulators are actually like this because right now as you know they're trying to o.t.c. market is very untransparent all these deals are cut on telegram on slack on like

even skype sometimes so no one really knows about these deals and they're very informal done in the crypto currency industry because there is zero standardize ation what we're trying to do right now is we're kind of we're trying to standardize the entire process or brain big buyers and big sellers together at the same time at a mutual location every single day and an online forum in order to conduct their deals in a very transparent way so every. this is. they need to actually physically hold it out of the ground you know well well. there's a lot of money with the oil and with that comes. a lot of a lot of people from all over the country. you don't make a hundred thousand dollars a year. they

were all sick you know or a hard worker well workers not used. care and so. they want to relieve their stress of how do they relieve their stress these and then move that out like these men that comfort these many. people have been murdered up here people been raped there are massive drug issues up here you have a boom you have everything else that comes along with money. the u.s. is trying to cling to this idea of the u.s. dollar reserve currency empire they've built over a post world war two era where everyone gets a debt of america and pays homage to america china russia africa name it they're all saying no we want markopolos up even trump wants markopolos up we want to go for it we want to trade directly bilaterally we don't want to be part of the

globalization any more. the way to the united states is dangerous for moost of the illegal immigrants. who are most just as the little sympathy i want to because most of them throw no one to a specialist but many of them look for refuge in the so-called sentry sites the drifter used to share information about undocumented migrants with federal authorities the best person to ask dan call mom. lucy to morrow and then head up next time i get i'm in a lot of class and they want that. they had to watch as they all choose to stay in the country with donald trump in the. movie for the gravels. both of you who've got to be with a fifth of many couples. who would trip the put. both of you up as a pua most of the. a

warning to brussels of the continent's most controversial empty establishment politicians.