a twenty five year paper for market finished ok matts well i have one more gold headline here bank of korea buys gold first time since ninety seven ninety eight crisis they're taken for taking my voice obviously max they watch the kinds of report south korea's central bank but twenty five tons of gold over the past two months and its first purchase in more than a decade so they added this to their fourteen tons of gold already held and they bought this at a value of one point two four billion and it apparently max they're actually storing. gould in london at the bank of england oh well that's not a good idea because the london boy in market is extremely corrupt and if they are smart they'll demand physical delivery of this gold and they'll store it somewhere safely in korea korea listen to me listen to max concourse of the t.v. come over here korea put your air the t.v. any gold you store in london you will lose ok you will lose so if you want to actually make the smart of demand physical delivery to your own country or you're never going to see that gold well in fact you might end up like

bank of england oh well that's not a good idea because the london bullion market is extremely corrupt and if they are smart they'll demand physical delivery of this gold and oil storage somewhere safely in koreaorea listen to me listen to max come closer to the t.v. come over here korea put your ear to the t.v. any gold you store in london you will lose ok you will lose so if you want to actually make the smart of demand physical delivery to your own country or you're never going to see that gold well in fact you might end up like greece because that's my next headline max greece begins fifty billion euro privatization drive so the starting gun for one of the biggest fire sales and western history was fired as greek officials began appointing advisers for the country's ambitious privatization drive well greece lost its sovereign saying and now they're selling the pieces of the corpse and the greek people need to understand that they no longer have a country there's a fire sale at grace they're selling off the family assets the family jewels but the greek people are no longer free they now are slaves for the i.m.f. and the global bankers good job grace here is a great quote after years of resi

the bank of korea actually decided to keep its benchmark interest rate ready at 3.5%. that stability is what investors want to hear. also the asx 200 opened down, rose, then it ended back. miners tinto and rnc were down. the big four banks lent support the other way. they closed up about 1.5%. i also want to take you to the chinese mainland. the shanghai composite. that actually ended higher by 1.25% rallying in one and a quarter hours. i hope the central banks keep rates steady which is helping to calm the markets there. >> ramy, breaking through yet another barrier. what's the latest? >> yeah. sort of getting tired of this over and over, but the gold did touch a new intraday high today, past the $1,800 mark. it's trading right here though at about $1,785. but looking back, it was right here on monday that it hit 1,700, breaking that barrier. that means in just the past week it's gained about 6% in value right here. now, who's pushing the price higher? the gold council says it's bans here. interestingly, adjustment for inflation, gold actually hit its true peak back i

says it is considered necessary to move this part of russia sponsored privatized major state assets by twenty seventeen. the central bank off south korea has bought twenty five tons of gold for one point two billion dollars over the last two months that souls first purchase and thirteen years bullish sentiment on gold markets across a margin they sense are taking the lead in the gold rush stocking up reserves and i'm now joined by alice temple who is head of sales at london capital group thank you very much for joining us to sell us the share of gold in the reserves of a merchant nations is roughly ten percent and developed countries it's sixty percent so why is that. for the simple reason more than anything else is purely because that's historically how things have stood but what you what you're almost seeing is emerging countries which haven't in the past times particularly launched talks of gold ever since the the. gold standard then did it was the western nations develop nations the richer nations he could go was a store of value and holding on to it whereas emerging countries and poor countries that they simply didn't really have

of a percent. on the news it will pump natural gas to solve korea through the north of public banking stocks also under pressure with bank losing point all. in all the news russia supermarket chain like need has reported second quarter profit of seventy nine million dollars up eighteen percent from the same period of last year during the first half mcmeekin has opened over four hundred stores and boost to sales by nearly forty percent. russia may granted monopoly gasper on the domestic price increase of fifteen percent next year that's according to russian daily fed to misty that's almost three times more than other regular. the price hike will help bring profits at home in line with exports profits while the government says the move will help maintain investment levels in the company. well that's all we have time for not more stories you can have told website that started dot com slash business send more business stories one else time. hungry for the full story we've got it for. the biggest issues get a human voice face to face with the news makers on the. last time the close up team was in our moon b

two and a half percent and that was the news that will pump natural gas to south korea through the north of public banking stocks also climbed into positive territory the sperm bank point seven percent. squiggles attempt to buy back a transformer saw have once again failed nor the offer to buy a fifteen percent stake from or sell for around nine billion dollars this was part of an effort by the company to resolve a dispute between its two biggest shareholders who saw has consistently imitated that it has a long term interest in or else and is not prepared to sell outs. and that's all the business is for now for more stories you can always had so our web sites are to dot com slash business in the meantime stay tuned for the headlines with. twenty years ago or just country. to. began a journey. where did it take. if you just joined us of our. main. course is russia. progress to crush in the remote seas the impact was felt one hundred kilometers away. european. countries oil rich. from. nuclear tests and six party talks are resumed such as the country's. trip to russia. a little suit against russia refusal t

always adding around a third of the cent and that's all music will pump not troll gas to solve korea through the north republic bankingstocks are also under pressure with the burbank losing more than half a percent. now in all the news russia supermarket chains need reported second quarter profit of seventy nine million dollars that's up eighteen percent from the same period last year during the first half of the it has opened over four hundred stores and boosted sales by the nearly four chip percent. russia may grant gas monopoly gazprom a domestic price increase or fifteen percent next year that's according to russian daily vegemite steam and it's almost three times more than other regulated firms the price hike will help bring profits that home in line with export profits the government says the move will help maintain investment levels in the company. ok that's all we have time for know you are up to date you can find more stories and more market analysis on our web site that's our two dot com slash business or join me in less than one last time for more business stories here on r.t. . last time the close up team

percent and that was the news that will pump natural gas to south korea moved in the republic banking stocks also climbed in supporters of territory. point seven percent. that's all the business news for now the headlines are next to it bill. most of the kooks among philosophy. maximum thrust. muslim efficiency. marks some comfort. months among maneuverability most mediations decent to denmark's moscow's more famous here show on technology update here on r.g.p. we've got the future covered. mission free. free. free. free. free. free. free. free. choice. to. treat. countries. to russia.

percent and that was the news that will prompt natural gas to south korea move in the republic banking stocks also climbed in supposes of territory point seven percent. that's all the business news for now the headlines are next to it bill. the bulk of the kooks among the la city. blocks among rocks. maximum efficiency. comfort. someone new for ability most navy asian decent to the marks my skills mold famous here show on technology someday should cheer on a large. dump the future coverage of. the for. the commission and free. education free comes from a judge is free to make amends free. three stooges free. the old free blanquita cullum video for your media projects and free media and gun tard dot com. in india he's available in the movie joint below tones become available to the gates ways.

half percent and that's the news that will pump natural gas to south korea to the north where complex banking stocks have also quadrants of positive territory was for a bank more than half a percent. as all the business is for now the headlines are next of henri. to the. box among the lost city. mark simone drugs. mark some of the deficiencies. come for. a moment maneuverability most mediations decent to denmark's moscow's lead free mystere show on technology complete here on r.g.p. we've got the future coverage. twenty years ago the largest country in. this race it. must have been trying. to teach began a journey. where did it take the. breaking news here on r t the russian cargo space ship progress has reportedly crashed in eastern russia after failing to reach its target or bit earlier wednesday the vehicle was launched from baikonur cosmodrome in kazakhstan and was due to dock at the international space station on friday specialists say the ship went off course after the rocket suffered an engine failure it was taking three and a half tons of cargo to the including food fuel and equipment. now joins us live with detai

half percent and that's a news it will pump natural gas to south korea to the north but public banking stocks have also climbed and supposes of territory of this point seven percent it's . girls critical is the time to buy back its shares from russo has once again failed neuros call for its a ga a fifteen percent stake from results for around nine billion dollars this was poured over there for advice the company to resolve a dispute between its because shareholders who sell has consistently maintained that it has a long term interest and or else and is not there to sell out its. russia's inflation has reached a five percent in the first seven months of the year and that's what times higher than the european average consumer prices have fallen in the last three months as fruits and vegetables go further to seasonal factors meanwhile citibank is lower in its forecast for the country's g.d.p. for this year and that students have a lower oil price although it says this could lead to a further reduction of inflation. that's all the business news for now for more stories that's our website starts you don't call this last business b

and a half percent and i was unusable natural gas to south korea through the north republic banking stocks also climbed into positive territory of woods where i call point seven percent. there are squiggles attempts to buy back its shares from or saw has once again failed nor the offer to buy a fifteen percent stake from or sol for around nine billion dollars this was part of an effort by the company to resolve a dispute between its two biggest shareholders who saw has consistently maintained that it has a long term interest in or else and is not prepared to sell out. russia's inflation has reached five percent in the first seven months of the year that is four times higher than the european average consumer prices have fallen in the last three long says fruits and vegetables cheaper due to seasonal factors meaning all city bank is lower in its forecast for the country's g.d.p. for this year and the next due to the lower oil price although it says this could lead to a further reduction in inflation. that's all the business news for now the headlines are next with bill. for the. first time the biggest issues get. face to face wit

of force. saudis and other nations withdrew ambassadors this week. the treasury department announced new sanctions on syria bank close to the government which they say is implicated in illegal weapons trade with north korea. the u.s. imposed sanction on the largest cell phone company controlled by a key supporter of the assad got. >> the most important thing we can do now is ensure the actions back up our words. >> the u.n. security council last week condemned the syrian government for attacking civilians the u.s. was pushing for a legally binding resolution against syria blocked by five other nations. critics say as the carnage in syria gets worse, statements syria would be better off without assad fall on deaf ears. >> syria would have been better off without assad and his father for 40 years. and simply saying that at the white house unfortunately has no effect at all. >> especially when syrians look at libya's muammar gaddafi who faced down a nato bombing campaign and even more pressure and still remains in power in washington, jim angle, fox news. >> bret: we have two panels tonight. we'll talk about politics with iowa journalists in a few minutes. but first, fox all-stars discuss another downer on

the north korea is ready to hold me six papa told seventeen says news of me that you know right from. the headlines of a bank with more in less than half an hour but in the in the meantime i'll talk show crosstalk stay with us oh. oh .

of emergency aid. they will send medicine, blankets and other things. it's from late june to late july. delivers breached banks destroying houses and roads. south korea gave rice and cemen to the north in september last year after a similar disaster. it suspended assistance after the artillery attacks. >>> welcome back to the weather update. keeping an eye on tropical activity and we are seeing this well-formed system that is aiming for the island. we have here the typhoon, but that's not only it. we have a tropical depression popping up south of japan and in the pacific too. the newest storms and tropical storm also joined us. this is still a strong typhoon, packing the strong winds and aiming towards the islands here. we will be reaching the area later on in the next couple of days. it was already bringing stormy conditions and the conditions will only get stormier today and even for friday. we will be talking about the strong wind and plenty of rainfall. high waves and storm surge. especially coastal areas will be vulnerab vulnerable. we want to keep a close eye on conditions and the winds increase. after that, it looks like it will be going towar

bank that separates the sea and lake. at the opening ceremony on monday, the president said the plant marked the start of a new era of natural energy in south korea. south korea plans to build four more tidal plants but some environmental groups are opposed to the plant arguing it may effect the ecosystem by changing the flow of sea water. the japanese government plans to end early the power cutting requirement imposed on large scale electricity users. power shortages were expected this summer as many power stations were damaged or suspended due to the march 11 disaster. major electricity users were asked to reduce their energy consumption by 15%. in the tokyo electric power company area, they plan to end it two ek woos ahead of schedule. it says the peak summer heat is over and the possibility of a power crisis is low. the government will also end the power-saving requirement in areas damaged by the disaster two weeks earlier than scheduled. however, it's asking companies and households to continue to save power voluntarily. the government will announce the plan on tuesday. >>> libya's national transitional council says it's searching for over 4

bank that separates the sea and lake. at the opening ceremony on monday, the president said the plant marked the start of a new era of natural energy in south korea. south korea plans to build four more tidal plants but some environmental groups are opposed to the plant arguing it may effect the ecosystem by changing the flow of sea water. the japanese government plans to end early the power cutting requirement imposed on large scale electricity users. power shortages were expected this summer as many power stations were damaged or suspended due to the march 11 disaster. major electricity users were asked to reduce their energy consumption by 15%. in the tokyo electric power company area, they plan to end it two ek woos ahead of schedule. it says the peak summer heat is over and the possibility of a power crisis is low. the government will also end the power-saving requirement in areas damaged by the disaster two weeks earlier than scheduled. however, it's asking companies and households to continue to save power voluntarily. the government will announce the plan on tuesday. >>> libya's national transitional council says it's searching for over 4

to russian banks that means that it also is trying to deal with transit and that through north korea. the headline is that style special report looks at life in the former soviet republic of the tickets on the central asia twenty years after the collapse of the. stand a former soviet republic became independent in one thousand nine hundred ninety one . that were an independent state is important but it's only good as long as it's backed by economic performance. unemployment is the greatest issue in this independent central asian country nearly one and a half million migrant workers who flock to russia from tragic just on a loan they have left their country to feed their families. after the breakup of the soviet union we had a very hard trying but then we somehow learned to take things in stride. i the situation got even worse following the devastating civil war that broke out during the first years of independence the nation still healing its wounds even a decade on the problems are numerous from drug trafficking from neighboring afghanistan to acute shortages of electricity and drinking water. each morning a camel appears on this road running through the hills drive this

south korea was down 10% there are signs they will shave off some of those losses >> all eyes will be on the federal reserve today and whether the central bank will stabilize the market some economists may offer a clear indication of how long interest rates will be at a record low buried earlier this summer they ended a treasury buying program >> trying to buy or sell the house the housing market is going to take longer to recover this is thanks to recent bad a economic news it is going to take at least two years to recover from the first quarter of this year they are expecting prices to fall for another year before they start to increase >> in oakland police are searching for a suspect that killed a three year-old boy yesterday is happen yesterday afternoon a car opened fire as two men were walking down the street the men suffered minor injuries to three year-old boy was killed caltran is joining us from oakland and trying to stop the violence >> still no arrest in this case the police chief has said a enough is enough the first phase is tactical alert they are saying that after the first shift is over they are going to be staying extra hou

that will pump natural gas to south korea to the north for public banking stocks have climbed into the blank with her bank point nine percent. russia supermarket chain of the need has reported a second quarter profit off seventy nine million dollars and that's all eighteen percent from the same period last year during the first half mile commute has opened over one hundred stores and that sales by nearly forty two sites rose from a grants and scan asked not only gas from at the messed up price increase fifty percent next year and that's according to the ad the must daily and that's almost three times more than all the regulated herbs the price hype will help bring profits of home and lloyd with export profits the government says the move will help maintain investment levels in the company. so the business news for now the headlines are next to the glory. from. twenty years ago largest country in the submissive to the existence of. what had been the british began a journey. where did it take them.

korea do exactly the same thing. a short-term measure. how do you address the long-term structural issues? >> the structural issue needs to be addressed by policymakers, by bank management. this sort of ban is short-term impact stemming the panic and the market. i think to that extent, it is something that should work. >> we believe it there. thank you very much. the italian prime -- the italian finance minister told parliament that state companies privatized. the measures will be part of a program to satisfy the european central bank. opposition politicians are saying there is not enough detail about how it will achieve what it needs to you. >> it is not clear what they will do. apparently, they will make the decree today. that is the last news. even the amount of the austerity needed is not clear. >> let's have a quick look at the markets. it has been a very volatile week for the financial markets. here in asia, stocks are making gains. we are seeing strength in a number of the markets that are open. the nikkei has scaled back from its earlier gains. in the u.s. overnight, we saw quite a good day. wall street was bouncing back. the dow gaining nearly 4%. the nasdaq rising even high

talks about creating jobs, green jobs, perhaps with korea, something to do with infrastructure and none of it sounds right to the me. the word bank jumps out at me. that's not a solution. what, another commission? john, seems to me he's got to decide, like a kid riding a bike up on the curb. either go into the ditch, into the sewer when, what do you call it, the sewer drain, or stay up on the sidewalk. he's riding along the edge not doing anything. we've all been in that situation. i was a paper boy. reminds me of a guy on the bike afraid to do anything but go straight and eventually he's going to go over the side. why doesn't he come out with a big jobs bill? the deficit's going to go up anyway. it's going to go up because of unemployment. bring the deficit up positively by calling for a real 2 million persons jobs program. everybody working. make a list of everything that needs to be done. put pictures on tv of the dangerous bridges, pothole-ridden roads. show what it looks like that isn't getting done and call for it to get done and call for boehner to sit on his hands and say no. why doesn't he call for something to be done a

up by the central bank in our case the federal reserve just ad infinitum so that is exactly what's happened and that's what richard nixon intended he wanted a lot of inflation a korea left him so he thought it would be good you want to disguise that inflation by putting prices which controls on what he did was he brought about that got to work we should all remember nixon for this un but he did a lot of evil things and it was richard nixon but you're right this is probably just was a long lasting terrible thing you did and we're now suffering from it and we're the whole world is suffering from it because all the other countries that are allied with the us went on a similar paper money standard with no switzerland with no no restriction on the central bank brought as you would exactly as you say booms and busts and a general reclined in by the way the standard of living of the average american the lower today lower right if i could just ask what are would you say is the the biggest example of how this cause a crisis you mention the booms and busts of the last three decades and we've seen the savings and loan crisis we've seen the housing bubble and now critics say t

clear the white house is banking on free trade to get us out of this mess and the senate signal last week that they're on board to promising to pass trade agreements with south korea and other y. asian and latin american countries as soon as they get back from vacation but is that really what our economy needs more so-called free trade wasn't anyone listening to ross perot back when he said this about free trade deals oh it back in one thousand nine hundred two you could move your factory south the border i have got are now or forever young twenty five that's assuming you've been in bed for a long time he got me through what boy pay a dollar an hour for your life you. have no health care that's most expensive saying well i'm taking a car have no environmental controls no pollution controls and no retirement. and you don't care about anything but my good money there will be a challenge sucking sound going to have joining me now in our studios in new york is conservative commentator an advocate for transnational corporations not pain taxes on international transactions david selleck david welcome back. thank you for having me thomas always it's a pleasure thank you

korea hovered down 4%, after plummeting nearly 7% at one point. the european central bank threw italy and spain a lifeline when officials announced actively buying bonds, holding huge amounts of debts at bay until european partners can come up with more bailout money, but some analysts say they may not be enough. >> they need to ease monetary policy. they need to print money if they're going to try and engineer some sort of exit route out of this crisis. >> reporter: the big worry continues to be that italy and spain could go the way of greece. the country's been teetering on the brink of bankruptcy and crippled by nationwide protests over strict budget cuts. finance chiefs from britain, the united states and others from the g-7 industrial powers have also pledged to take whatever action is necessary to stabilize the markets. global trading will struggle to recover after a week that saw $2.5 trillion wiped off stocks, largely on fears the u.s. could be sliding back into a recession. one european investor said the best thing about last week was that it finally came to an end. now the pledge from the g-7, bold measures, most importantly the idea of liquidity, further cash came

korea through the north republic banking stocks have also climbed into positive territory would spur more than half a percent. russia supermarket chain monkey need has reported a second quarter profit of seventy nine million dollars about sulfates of percent from the same period last year during the first half mug neither has opened over four hundred stores and boosted sales by nearly forty percent. russia may grant said scats monopoly gas at the best price increase fifty percent next year and that's according to mr daly that's almost three times more than the other regulated for and the price hike will hold bring profits at home in line with export profits the government says the move will help maintain investment levels in the company. that's all the business news for now for more stories you can always check out our websites are to dot com slash business in the meantime say it's in for the headlines with of ory. twenty years ago in the largest country. to certain places of. what had been. the beach began a journey. where did it take them. to go to the. docks among philosophy. maximum thrust. muslim efficiency. marks among come for. months among maneuverability most mediations decen

of stocks. the dollar fell against the soaring swiss franc and gold prices soared to another record high boofrlted by word the bank in koreaade its first gold purchase in more than a decade. american consumers cut spending in june for the first time in nearly two years and incomes rose by the smallest amount since september. weaker than expected earnings didn't help as well. falling 6% missing forecasts and retailer coach tumbled after reporting shrinking margins were cutting into profits. that's it from cnbc, first in business worldwide, now back to "hardball." >>> back to "hardball." you just heard, i guess, in the news today, the dow took a beating today. perhaps a seen that markets don't like the debt deal. perhaps. are you kidding? any chance the deal focuses on debt and not job creation, will help the economy? for the short run? joining us to talk about this, simon hobbs, great as this and msnbc political analyst eugene robinson who understands the politic. setting you both up, gentlemen. all i can ask, a simp question. dow jones industrial down 265 points today. any winners in this whole kerfuffle. simon, gold -- go

korea's coffee index plummeted 4.7%. global markets plunging amid concerns of a second u.s. recession. and renewed worries over the financial health of europe's banksllowing 6%. having major effect on telecommunication companies in the u.s.. hewlett-packard will discontinue its smartphone and certain other products. >> greta: will special interest groups muscle into the super community and get deals you will never get? know one wants to get cut. there could be and will be lots of lobbying. joining us liz mcdonnell. liz, how do we determine who might have a special deal, special access? what is the money story? >> money story came from a nonpartisan watchdog group that looked at information on special interests donations to the 12 members of the super debt committee. they based that information that came out of the center for responsive politics based on government filings. what we see is nearly 65 million dollars in political action committee money went to the 12 members of the debt committee over the last decade. that's just pac money it does not include employee or staff donations at these interest groups. it includes corporations from across the

korea's kospi plunged more than 6% to its lowest close in hm a year. japan's nikkei dropped 2.5% and hong kong's hang seng fell 3%. now, back here at home, bank of america is a focus this morning. that's because reports came out that it may cut 3500 jobs this quarter with possibly thousands more on the line to follow soon after that. so the word is that many financial institutions are going to be cutting staff to better the returns to investors. so frank, again, just not looking good. a lot of people waiting for less than half an hour when the opening bell rings. >> it's become a habit the last couple of weeks, for sure. we'll strap in and see what happens. stephanie chuang live in san francisco, thanks. >>> while the markets are on a roller coaster ride, gold hit record highs and oakland police say it's driving a spike in the theft of jewelry. reports of gold necklaces being ripped from the necks of victims has steadily ris then recent months. police -- risen in recent months. police are warning shoppers and commuters that to take extra caution. most of the robberies are at the fruitvale bart station and lake merritt. the majority of victims ha