and he's in argentina. your company got kicked off all the neat how can a country of just three hundred fifty thousand people compete with giants like germany brazil. how do argentinian feel about this year's world cup has received during this time the report says two countries go to the having common. that's right they both bring the two nations in the same world cup group iceland and argentina who will come out on top. thank you to kick off life to find out when you'll be experts to let's get started. and. the best story in football over the last few years demands a little trip. welcome to iceland. it takes a lot to upstaged leo messi but if any team is bigger than the little genius it's iceland the smallest country ever to qualify for the world cup york. dc's the viking hold descend on twenty four teams finalists argentina along with a talented nigeria side croatia round off one of the toughest groups. for most of footballing history iceland went on anyone's radar it was known for stuff like this. and th

argentina is one of the world's most crazy mission.this time around argentina wants to win the world cup again. it's a matter of national. to go but i can. see you. i think. i know when argentina were defeated in the two thousand and fourteen world cup final but germany this time. said. i don't want. good morning my lovely monthly datasets i think would be fun to play but how do argentinians feel about this year's world cup can missy do it this time the can they finally beat germany again after thirty two years i can hear the final so let's hit the streets of porno sites. out of there and come out of the . other end of the podium saying oh. yeah. and we found out they said but he may know as you said. oh. i argentina's a football car house but it wasn't always like this let's take it back to where it all began. you know i think of this image everybody is going to. want to. watch it because of all the love because and i think that at one point i want to. let me go to show you something that i. know that's an appropriate outfit. by the w

it's assured of your main man dearest argentina. leo missy. finally i even found out that my gemini square kind is quite big not sure if the argentineans will celebrate their two thousand and eighteen world cup victory right here just. one of these few i. i and poor mrs with all the pressure put on but if argentina won the title they would probably just rename the entire country and how would they call it. you know. any ideas in the comments below. you are going to get out and out among us you know well about first of all they have to be icelandic gracious and minds and then let's maybe take a. few of you argentina whenever possible. the be. the big. the big. the be. the be. the big. the be. the big. the three good international talk show for journalists discuss the topic of the week moving america's israeli embassy to jerusalem and withdrawing from iraq nuclear deal president trump is creating jobs on the ground in an already unstable . europe under u.s. disruptions joins us on quadriga. the be. make a commitment. they find. stronger cool afr

argentina being cautious with what is happening in the world. and it's trying to get ready to leave the situation gets worse the government has a clear road but it's not enough if your macro economy is not working machree said inflation was going to be twenty percent twenty sixteen and it was actually forty percent they did not believe that a rise in tariffs would worsen inflation. without credibility argentina is facing economic uncertainty once again and while the government saskin for international help on the streets people are trying to make sure that economic won't come at their expense but joining us now from london is edward gloss of latin america economist at capital economics good to speak with you so i guess the obvious question here is after everything that argentines went through with the i.m.f. seventeen years ago and the pain that so many of them felt there why is argentina again turning to the i.m.f. for help now. well there i mean there are two reasons for that quite simply one is the huge fiscal deficit the budget deficit is hu

currencies so argentina has a lot of debts in u.s. dollars it's hard for them to earn u.s. dollars like say russia can or brazil because they have a lot of natural resources that are priced in dollars and you know when the ruble falls it's actually. all that they sell is rising in ruble prices so they're earning more income mexico they're kind of out of oil at this point they've counter-rally as like a loan so that their income in dollars is not as high so. the point that he's making here however is that it was only in january that argentina managed to sell billions in. one hundred year bonds so investors were knocking down the gates to get in on this hundred year by knowing wall street is like goldfish until a guy writes a show him something to trade in the trade but you know dr paul craig roberts has made a point often quite germane to this discussion and that. trumps 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 us in exchange for dollars because they need dollars to be part of the

currencies so argentina has a lot of debts in u.s. dollars it's hard for them to earn u.s. dollars like say russia can or brazil because they have a lot of natural resources that are priced in dollars and you know when the ruble falls it's actually. all that they sell is rising in ruble prices so they're earning more income mexico they're kind of out of oil at this point they've counter-rally as like a loan so that their income in dollars is not as high so. the point that he's making here however is that it was only in january that argentina managed to sell billions in. one hundred year bonds so investors were knocking down the gates to get in on the hundred year bond all right wall street is like goldfish until a guy writes a show him something to trade in the trade but you know dr paul craig roberts has made a point often quite germane to this discussion and that. trumps 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 us in exchange for dollars because they need dollars to be part of t

currencies so argentina has a lot of debts in u.s. dollars it's hard for them to earn u.s. dollars like say russia can or brazil because they have a lot of natural resources that are priced in dollars and you know when the ruble falls it's actually. all that they sell is rising in ruble prices so they're earning more income mexico they're kind of out of oil at this point they've counter-rally as like alone so that their income in dollars is not as high so. the point that he's making here however is that it was only in january that argentina managed to sell billions in. one hundred year bonds so investors were knocking down the gates to get in on this hundred year by knowing wall street is like goldfish eat until they die right say show me something to trade in the trade but you know dr paul craig roberts has made a point often quite germane to this discussion and that. trumps 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 us in exchange for dollars because they need dollars to be part o

i think the argentina story is very specific to argentina.onathan: there are some idiosyncratic reasons as to why argentina is getting absolutely slapped around, and turkey is as well. there is some string that aligns these two things, central-bank credibility. there almost is none among investors for their ability to contain inflation. is that the similarity? >> turkey has a loose monetary situation and a fiscal condition that is not constructive. both of those things, you will get a little bit of old-fashioned em central bank and em fiscal credibility issues converging. jonathan: more broadly for em the story of the last year has , been to get local currency, why not, the dollar will keep getting weaker. the dollar move over the last couple of weeks has made people a lot more uncomfortable than they were relative to a month ago. is there reason to be uncomfortable in these em longs? >> our view is that the dollar is in a structure and decline mode. u.s. data has been relatively ok. the rest of the world has decelerated, and everyone came in

currencies so argentina has a lot of debts in u.s. dollars it's hard for them to earn u.s. dollars like say russia can or brazil because they have a lot of natural resources that are priced in dollars and you know when the ruble falls it's actually. all that they sell is rising and ruble prices so they're earning more income mexico they're kind of out of oil at this point they like counter-rally as like alone so that their income in dollars is not as high so. the point that he's making here however is that it was only in january that argentina managed to sell billions in. one hundred year bonds so investors were knocking down the gates to get in on this hundred year by knowing wall street is like goldfish until a guy writes a show him something to trade in the trade but you know dr paul craig roberts has made a point often quite germane to this discussion and that. trumps 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 us in exchange for dollars because they need dollars to be part of th

i think the argentina story is very specific to argentina.han: there are some idiosyncratic reasons as to why argentina is being slapped around. in turkey as well. where there is some kind of string that aligns these two things, central-bank credibility. there almost is none among investors about their ability to really contain inflation. you can see that in turkey and in argentina. is that the similarity? >> turkey has got a pretty loose monetary situation, and the fiscal condition that it's really not very constructive for them. i think, you know, both of those things, yeah, you will get a little bit of old-fashioned em central bank, and em fiscal credibility issues converging at the same time. jonathan: more broadly for em, the story over the last year has been to get local currency, why not, the dollar will keep getting weaker. the dollar move over the last couple of weeks has made people a lot more uncomfortable than they were relative to a month ago. is there reason to be uncomfortable? dollarview is that the is declining more. what we

we have been talking about turkey, argentina.ral, off africa, not doing -- south africa, not doing great. where are we now? what is your assessment of them here? printed twove months or years. the cheapest backs -- basket, 20% in 2016, 30 percent last year. the cheapest quartile which is a lot of emerging markets still trades at the low teens ratio. on the one hand, you can look at it and say, look, turkey is getting to her, these countries are getting cheaper. turkey is probably down to a single digit tape ratio. -- cape ratio. markets, historically, say the volatility and risk, it feels like emerging markets are risky right now. but historically, looking at the data, it says the risky markets are actually the expensive ones. if you put expensive markets into a bucket, and we just had talk monte on our podcast about this where you said, if you look at the future drawdowns relative to valuation, you have a much bigger chance of a big fat loss when you pay a lot for an equity market. we would argue the highest risk is not in emerg

the argentina story is specific to argentina.n: there is an idiosyncratic reason, where there is some string that aligns these two things, it is central bank credibility. there almost is none. you see that in turkey and in argentina. is that the similarity? has a prettyey loose monetary situation and fiscal condition that isn't construct of. -- constructive. both of those things -- you are going to get a little old-fashioned e.m. central bank and fiscal credibility issues converging at the same time. >> more broadly, the story for e.m. the last year and half has been to get longer yen and pay -- play the currency risk because the dollar will get weaker. the dollar move has made people more uncomfortable than they were relative to a month ago. is there a reason to be uncomfortable in e.m. longs? priya: the dollar is in structural decline mode. hase is a diversion that come back. u.s. data has been ok. hasrest of the world decelerated and everyone came into the year short dollar. adjust, why the markets but very soon, the dollar wi

argentina will suffer more than your average yen country. country couldther get hit by this economic storm? alberto: there is no obvious casualty or spillover. a particularly big economy. it is a negative shock but nothing they couldn't handle. effects of exporting goods to argentina, but that would be a small effect. either through investment contagion or trade floors. shery: it was great having you. goldman sachs, head of latin american economics. coming up, the u.s. sets a date for meetings with north korea while israel retaliates with strikes against iranian targets in syria. congressman adam kinzinger sits on the house of -- house foreign relations committee. ♪ mom, dad, can we talk? sure. what's up, son? i can't be your it guy anymore. what? you guys have xfinity. you can do this. what's a good wifi password, mom? you still have to visit us. i will. no. make that the password: "you_stillóhave_toóvisit_us." that's a good one. seems a bit long, but okay... set a memorable wifi password with xfinity my account. one more way comcast is wor

a year ago argentina issues a century bond. a year later they request help. we begin with a big issue. is 4% the new 3%? >> is there a possibility the growth accelerates, then inflation accelerates? it's higher than you expect, both in the short end, in which in my opinion might force it down. people should be prepared for that. >> we're not in a normal situation, but we are getting closer to that state. above 4%, i think the u.s. economy could handle it. it's consistent with economic fundamentals. >> the real catalyst to getting us to a four handle on 10 year treasuries is probably not the fed. government issuance in this country as demanding that it will be for the market to absorb. it will be when the ecb and the market of japan will suggest readiness to change monetary policy. >> we get this disconnect where, if you get soft demand in the global economy, we get huge foreign demand into the u.s. four is a little tough any time soon. >> joining me around the table in new york is the cohead of global fixed-income strategy at the wells fargo institute. it is

anguish in argentina. we'll have a special report from the country which is trying to stave off an economic crisis, which threatens the future of many businesses. and on the markets, asian shares shot up to near two month highs on monday on signs the united states and china were toning down their trade war rhetoric. so, the trade tensions between the united states and china are firmly back in focus. that's because president trump has tweeted that he's working with president xi to find a way for the chinese state—owned telecoms firm zte to get back into business. early last year, zte agreed a record $1.2 billion settlement with the us authorities for illegally selling telecoms equipment to iran and north korea. then last month, the us government found the terms of that deal has been breached and imposed an export ban, which meant zte could no longer get hold of crucial us components. and last week, zte said it appeared on the brink of going out of business when it said the ban meant it was ceasing its major

these are nervous times in argentina so government ministers were quick to reassure markets and carmen anxious population their economic policies are on track they said there's nothing to worry about the context of the economy in the context of a growing economy and with rising employment and less poverty we have an argentina that will keep growing for many years to come but we have never seen such a big drop in public spending. but soothing words are not enough and the argentine central bank took the drastic step of raising its key borrowing rates to forty percent the third rise in a week it's to boost the base so that this year has lost fifteen percent of its value against the u.s. dollar that creates inflation which the country has suffered plenty of in recent years this is nothing new in argentina but that doesn't make the frets of an economic crisis any easier it's a bath with everybody nervously watching the interest in currency exchange rates knowing that the impact of any economic meltdown is brutal. many are still traumatized by the economic crisis of two thousand and one two

reasons to my argentina is being slapped around.lignss some string that these two things, central-bank credibility. there almost is none for their ability to contain inflation. is that the similarity? >> turkey has a loose monetary situation and a fiscal condition that is not constructive. things, you will have a little old-fashioned em central bank and fiscal credibility issues converging. >> more broadly for e.m., the story of the last year has been not,t local currency, why the dollar will keep getting weaker. this has made people more uncomfortable than they were relative to a month ago. is there reason to be uncomfortable? >> our view is that the dollar is declining more. we see a day versions rate. u.s. data has been ok. the rest of the world has cameerated and everybody in. why the market adjusts, we think very soon the dollar will go back to declines. e.m. should be ok. consistenthe most features of late cycle pre-recession u.s. economy is a rally in the u.s. dollar that catches everyone by surprise. i am not saying that we

jonathan would you consider : buying the century bond out of argentina? no jonathan: mike, how about you? mike: right now, no. we are not buying any century bonds, but we are buying local currency bonds. jonathan: interesting. get 20%s, we can yields. you do get paid for the risk, and we recognize there is volatility, but i think there is a price for most assets, right there with the century bond. jonathan: george, that would be the big question, a really simple question when you approach currency. i'm a adequately compensated for the risk am about to assume? last year, and many of these places, you were not. are you now? couldthink that it contract -- we think that you are right now. right now, if you look at emerging market data backed up to 360 spreads, we think it can contract down to roughly 320. we think overall there are good areas of opportunities. two michael's point, it is pockets. you have to be selective. especially in emerging markets. jonathan: are you looking at credit sectors, single names, or are you looking at regions? africa, asia, how

a year ago june 2017, argentina , can come to market.ess and issue a century bond. 11 months later, they're requesting imf aid. is this an argentina issue, or do we have a broader em story where things got too frothy in terms of access to markets? michael: i think the story with emerging markets right now is the rapid move higher in u.s. rates, the associated stronger dollar has caused a lot of technical volatility. it's not surprising that the argentina is going to suffer more than the other countrys that are out there. we think the fundamental story that supports emerging markets is still there. these are generally economies that are early in their cyclical recovery. they're growing at a faster pace than developed markets. generally supportive central bank policies and inflation. inflation, with some exceptions, that is either stable or many in cases going lower. high real yields and supportive fundamental backdrops. we liked it before. we liked it before. you're right, things have gotten cheaper and obviously just relative value-wise

the argentina story is specific to argentina. jonathan: there are idiosyncratic reasons to i argentina's getting slapped around and turkey as well. thater there is a string aligns these two things, it is central bank credibility full to there's almost not amongst investors and our ability to contain inflation. michael: turkey has got a pretty monetary situation and fiscal condition that is not very constructive at all for them. i think both of those things, yet, you will get a little bit of old-fashioned em central bank and em fiscal credible it issues converging at the same time. jonathan: more broadly, the story over the last year, year and a half, has been to get longer yen and pay the currency risk, because the dollar will keep getting bigger. the dollar moves over the last peopleweeks have made more uncomfortable relative to a month ago. is there a reason to be uncomfortable? >> our view is that the dollar is in a structured decline mode. there is a divergence -- the divergence rate has come back. u.s. data has been relative

these are nervous times in argentina. ministers were quick to reassure markets and carman anxious population their economic policies are on track they said there's nothing to worry about the config story gets me and the economy in the context of a growing economy and with rising employment and less poverty we have an argentina that will keep growing for many years to come but we have never seen such a big drop in public spending. but soothing words are not enough and the argentine central bank took the drastic step of raising its key borrowing rates to forty percent the third rise in a week it's to boost the base so that this year has lost fifteen percent of its value against the u.s. dollar that creates inflation which the country has suffered plenty of in recent years this is nothing new in argentina but that doesn't make the frets of an economic crisis any easier it's a bad if everybody nervously watching the interest in currency exchange rates knowing that the impact of any economic meltdown is brutal. many are still

but let us now turn our attention to argentina.alks with the imf today in washington to try to secure financial help to the country. despite raising interest rates to llo%, the central bank hasn't been able to restore trust in the currency. our south america business correspondent, daniel gallas, has been following the story. but it has been trying to send all sorts of signals to the markets that it were let its national currency depreciate. but that has not been working on of the governor disley in this to a new level. the imf to secure more money. some say around $30 billion are secure more money. some say around $30 billion are needed to protect the currency and also pay off their debt. that has a huge political cost of the president temer because many argentinians do not trust the international —— international monetary fund. this is notjust about securing trust and money, but also about the public at home but the plan will work out in the end. the southern indian state of karnataka is set to hold elections next week. four othe

and argentina's government takes drastic action to avoid and nother economic crisis. from the neon lights of asia. to the city that never sleeps. hello the rains about to get a bit more intense in china on a specific line more or less following the river so i want to hand twenty eight human degrees here constant feet of moisture which is increasing the cloud and thunderstorm likelihood in hong kong gets a little bit warmer come sunday there's a bit of circulation when it's dark green suggests heavy rain circulation calm firms it the likelihood of flooding he exists here south of that though it is humid it's dry with a scattering of good big showers in the philippines across the vietnam war the heaviest in the last twenty four hours has been on the malaysian peninsula ninety four millimeters in the last twenty four hours and that sort of big shower is certainly possible again the same sort of area but the concentrations probably going to be north in borneo up to the philippines to cross to vietnam cambodia myanmar and thailand as you might expect it to be at this time

-- four erdogan, for argentina.ink this is a 2013 type scenario. emerging markets are more resilient than they used to be, and we think this will support the asset class moving forward. david: that is what we've heard. they are more externally resilient. they are not as dependent on commodities. so why isn't that stabilizing things right now? why is there so much movement short-term, when you say longer-term there won't be? >> we think there won't be. real interest rates are a lot higher than the used to be, or for exchange coverage ratios. all of these factors taken together looking a lot better than in the 2013 temper tantrum. if you come inside the bloomberg, you can see ascii developed. it has been the developed markets that have been outperforming, puzzling if we are in this growth recovery. >> it is interesting. you and i talked about this multiple times. if we are the central bank in the united states that is a year and a half or two years ahead of the other central banks, if we are looking at relative streng

drumming up anti-government protests in argentina is paying the bills there becomes ever more expensive. from the neon lights of asia. to the city that never sleeps. how i would still have plenty of storms rumbling away across central and eastern parts of europe down into italy down across the balkans still plenty of cloud his swelling away over towards the black sea the leiria of low pressure the quieter weather is further north moscow doing quite nicely we've got some more wet weather windy weather coming in from the atlantic says in the process of moving across that western side if you have through scotland and looking to drive its way further east was a long line of wet weather there all the way from scandinavia down across parts of germany and on towards the out seventy celsius there for london and paris and as we go through thursday afternoon fifteen celsius twenty bath or four moscow but still plenty of showers down towards the southeast and cold as a turkey still looking pretty unsettled weather still there for greece into the balkans further north as we go on into friday the ra

the imf is not welcome here, but argentina needs its help. hundreds of businesses like this book shop cannot afford to stay open and are closing down. at this liquor store, where many drinks are imported, tags are handwritten because prices

in the context of a growing economy and with rising employment and less poverty we have an argentina that will keep growing for many years to come but we have never seen such a big drop in public spending. but soothing words are not enough and the argentine central bank took the drastic step of raising its keep borrowing rate to forty percent the third rise in a week it's to boost the base so there's this year has lost fifteen percent of its value against the u.s. dollar that creates inflation which the country has suffered plenty of in recent years this is nothing new in argentina but that doesn't make the frets of an economic crisis any easier to bear with everybody nervously watching the interest in currency exchange rates knowing that the impact of any economic meltdown is brutal. many are still traumatized by the economic crisis of two thousand and one two thousand and two when argentina defaulted on sovereign debts of ninety three billion dollars savers were refused access to their own bank account. a millions were plunged into poverty. some fear it's coming again others believ

argentina issued bonds and year -- and look at the former governor in italy. issue, isith a big for present the new 3%? -- 4 percent the new 3%? >> the fed raises rates more than you expect and on the short force the tenure of, you can easily do with 4% bonds. we are completely in a normal situation. we are getting closer to that state and so certainly about 4% of the u.s. economy could handle it and it's consistent with economic fundamentals. >> there's a catalyst to getting treasuries --ear it's really going to be when the ecb and the bank of japan signal their readiness to change much of the policy. >> u.s. economy can handle 4% yield with the global economy cats. we get this disconnect where if you get softening in the global economy, u.s. yield looks and chief relative everything else that we get huge foreign demand into the u.s. 4% a stuff anytime soon. -- is tough anytime soon. georgen: joining me is rusnak, lisa hornby, and coming to us from pasadena, california is michael buchanan deputy cio of western asset management. it's great to have you with us.

argentina has begun formal talks with the i.m.f. about receiving financial support to stabilize its economy its finance minister has met the i.m.f. chief christine lagarde at the funds headquarters in washington to discuss the deal despite reform efforts the country has found itself facing a foreign currency high debt and soaring levels of inflation you are right up to date with all top stories up next it's fault lines i'm back in half an hour with thirty minutes of world news see you then bye bye. from the beginning until the very trade in human. is big business. and wealthy western nation i repeat. no way to know how to run something must be in.

and heat in argentina. pick ups all the mini now going to come. just three hundred and fifty thousand people compete with giants like germany brazil. sebastian san how do argentinians feel about this year's world can receive. a report says two countries or two they have in common. that's right they both bring the two nations in the same world cup group by sunday and argentina who will come out on top. to kick off live to find out when you'll be experts to let's get started. the best story in football over the last few years demands a little trip. welcome to iceland. oh it takes a lot to upstaged leo messi but if any team is bigger than the little genius it's iceland the smallest country ever to qualify for the world cup he bjork. dc's the viking hold just sent on twenty four team finalists argentina along with a talented nigeria side croatia round off one of the toughest groups. for most of footballing history iceland won on anyone's radar it was time for stuff like this. and. how can a country of just three hundred fifty thousand people compete w

was part of the team that helped argentina negotiate with the world after the crisis in two thousand and one. argentina is being cautious with what is happening in the world and is trying to get ready to leave the situation gets worse the government has a clear road but it's not enough if your macro economy is not working machree said inflation was going to be twenty percent twenty sixteen and it was actually forty percent they did not believe that a rise in tariffs would worsen inflation. without credibility argentina is facing economic uncertainty once again and while the government is asking for international help on the streets people are trying to make sure that economic won't come at their expense. it's time for the sports shoes that is santa thank you very much martin always style of basketball in the boston celtics will face the cleveland cavaliers in the third round of the n.b.a. playoffs for a second straight year the celtics dug deep to beat the philadelphia seventy six says and reach the eastern conference finals and. reports the celtics young players looked like they cou

the dollar is putting immense pressure on other currencies including argentina's. the government hopes the emergency i.m.f. loan will stop the crisis from worsening president mockery has been grappling with the country's high fiscal deficit since he took office in twenty fifteen. to make drastic cuts to social benefits and since then poverty in the country has soared. luxury s.u.v.s are pitched at the wealthy who want to project an image of being adventurous those for instance who have three hundred thousand euros spare for a my but ultimate luxury is evening of room inside this one for a butler to take care of on the road refreshments when you're stuck in the traffic . then there's the bentley bent for two hundred ten thousand which makes even a short jaunt to your tax haven a few pleasure. into rolls royce even the wildest ride in its new cohen is a smooth as silk looks on the inside adventure on the outside things that obviously come at a price if i talk us dollars we are talking three hundred twenty five thousand u.s. dollars if i talk british pounds we're talk

in argentina the economy is in tatters prompting president maurizio bakri to run to the international monetary fund with his hands held out for emergency funds the people of lost patience and take to the streets. demonstrators are collecting money in big create some the streets of buenos aires. f.m.r.i. is written on them that's the acronym for the international monetary fund in spanish many argentinians hate the i.m.f. . they were afraid they'll have to pay for their government's mistakes. were protesting the measures that the government is planning they reduce the quality of life and hunger it will be a problem again we can't let that happen. the government has asked the international monetary fund for help which for us represents a return to the past and this deal will come with cuts to our wages our pensions our rights. the current situation is reminiscent of two thousand and one when twenty people died during protests against the austerity measures that the i.m.f. stipulated millions were thrown into poverty in the end argentina collapsed under a mountain of debt it was the large

drumming up antigovernment protests in argentina where paying the bills is becoming ever more difficult. and the celtics reach the penultimate round of the n.b.a. playoffs and they'll meet an old friend of the sun i will have the details coming up in school. in another development in the diplomacy between the united states and north korea three americans have been freed from prison and they've landed in maryland president trump met them at an air force base just outside washington d.c. correspondent kimberly how it was. back in the united states it's been more than a year since kim haq song and tony kim have seen their families for kim it's been even longer he was imprisoned in north korea two years ago forced to do hard labor after being convicted of espionage speaking through a translator kim described his treatment in north korea forced to work but also treated well when sick. we were treated in many different ways for me i had to do a lot of labor but when i got sick i was also treated by. the release of the three americans is being viewed by the white house as a goodwill gesture by

argentina being cautious with what is happening in the world. i was trying to get reading of the situation gets worse the government has a clear road but it's not enough if your macro economy is not working machree said inflation was going to be twenty percent twenty sixteen and it was actually forty percent they did not believe that a rise in tariffs would worsen inflation. without credibility argentina is facing economic uncertainty once again and while the government is asking for international help on the streets people are trying to make sure that economic austerity won't come at their expense. they're running for your life while trying to avoid snipers bullets in girls or is one of the last places you'd expect to find love part two medics have done just that stephanie decker has their story. theirs is an unexpected love story. a both volunteer medics treating the injured during the weekly protests along israel's fence with gaza they'd never met before. the first time she impressed me is when she went directly to the border and how brave he

chief executive confirms thousands of job cuts investors and stuff not amused and tough times for argentina's economy despite the president's reform plans is recent call for an i.m.f. loan to the little too late for the country's businesses. i'm daniel winter and this is your business update it seems every silver lining has a cloud after news of china lowering car import tariffs yesterday came the news that america wants to drastically increase its own duty it's the reason national security claims the likes of german car makers the damage in the u.s. economy german cars remain popular in the united states that's a thorn in the side of u.s. president donald trump who maintains that foreign imports have eroded the domestic car industry over the past two decades car imports have risen by fifty percent while the number of work is in american car plants has been falling german factories in the u.s. have added thousands of new hires german ata makers account for one in six jobs in the u.s. car industry. but now donald trump is reportedly mulling a plan to impose impart tariffs of up to twenty five

came to power in argentina in a suprising victory over two years ago. following eight years of tight currency controls during the government of cristina fernandez occasional he's promised to reconnect the country with the world's financial markets appeal to the majority but for now things are not going as planned argentina has chosen a path of a gradual approach towards solving very deep economic problems that it has for many decades this gradual approach has its shortcomings that solutions are not easy solutions are not fast the results are coming out slow so some people that have you know very fast expectations that this would be a quick solve really they were wrong. and that he has been reluctant to implement shock austerity measures that we heard the country's most fond of and that's why inflation and deficits continue to be the main economic problems and that's why workers have been taken to the streets on a regular basis to fight for salary increases until now the team has relied on foreign debt to cover the fiscal deficits. they are for every pla

looking for a lifeline argentina goes to the i.m.f. for a loan hoping to avoid another economic crisis. israel has issued a stark warning to iran and syria saying that if they attempt to hit israel they'll pay the price it comes after israel claimed it destroyed nearly all of iran's military infrastructure in syria in a wave of strikes early thursday it was in retaliation to alleged iranian attacks on israeli positions in the occupied golan heights prime minister benjamin netanyahu is threatening further action. of a bomb iran crossed a red line our response was appropriate the israeli army carried out a broad strike a very broad strike against iranian targets in syria i sent a clear message to the assad regime our action is aimed at the reigning targets in syria but if the syrian army will act against us we will act against it well iran's denied that it was behind the attacks and there's been no official response from the iranian regime but a senior politicians told al-jazeera that israel is fabricating the nature of iran's involvemen