well i hope you're happy karen i've got positive news for you today the g.d.p. data from france and germany you know there has to please i am indeed thank you very much to me train will be back with you in an hour's time however shortly we talked to apple co-founder steve wozniak to ask whether internet freedom has become a thing of the past. zusi good leverage tory to mccurry was able to build a new its most sophisticated robot which on fortunately doesn't give a darn about anything tim's mission to teach music creation why it should care about humans and. this is why you should care only on the dot com. more news today violence has once again flared up the film these are the images.

states coming better better than expected so i've got good news all around but when it comes to g.d.p. data germany and france released their force and it seems that they were better than expected now despite the fact that basically france showed zero movement in terms of its g.d.p. growth germany showed better than expected data indeed and that's a very important factor because germany's of course the largest economy in europe the second quarter economist forecasts worst was those exports and household spending helped to fend off the impact of the sovereign debt crisis in europe's largest economy there's also interventions on the currency markets from the from the central bank from the e.c.b. and therefore we are seeing the euro supported as gaining another nineteen points versus the greenback while the russian ruble is gaining against both currencies. moving on to the russian markets in the r.t.s. my six are adding within one percent not much has changed the past two days have been quite low in volumes about what's moving the my sex and first of all a tad deserved more than one percent do

came in at a point two percent decline the second quarter and germany's g.d.p. data prevent that from being worse. let's move over to some other stories british american tobacco and philip morris claim that a new rule in the tobacco industry in australia is breaking their intellectual property rights now from december the first all cigarettes must be saw in the country in plain green packets without any branding giants have failed to u.-turn understanding and the tobacco law and britain norway and new zealand are watching the case considering similar measures to help fight smokers standard chartered is doing much better than the market it has admitted to breaking u.s. sanctions against iran the british lenders agreed to three hundred forty million dollars settlement with new york watchdog and accused of hiding operations with the islamic republic and fred to take its u.s. banking license however the bank said the amount of illegal transactions total only fourteen million dollars instead of the claimed two hundred fourteen billion. staying with financials austria's ba

markets but indeed japan also published g.d.p. data which came out just point three percent in the second quarter and your lies that's one point four percent the whole past year and that's a lower very much lower than expected and therefore starting with asia we have seen the selling today although volumes are pretty low now the dow jones and the nasdaq are down as you can see there moderately that's after five weeks of gains over in the europe we're also seeing a similar picture where the footsie down point three percent the dax is a bit supported by. the resources companies but the volumes are indeed around forty to forty six percent lower than the usual average. on the commodities markets we're seeing light sweet and brant actually adding some value but they have lost steam that we've seen in the previous kind of sort of couple of sessions and that's very much reflected on the currencies market where the russian ruble is also falling a little with what's happening elsewhere in russia the r.t.s. on the my six are still showing positi

slightly ahead and seven tenths of a percent they were supported by those better than expected g.d.p. data figures from germany as well as retail figures from the u.s. as well prices they are easy for them now to stockpiles in the u.s. the world's biggest crew consumer rose the first time in three weeks out according to an industry report that means that the potential for more supply in the market is now a reality and moving on the u.s. car giant general motors facing a three billion dollar lawsuit over the fells sell of the swedish all to make a solid two russian and chinese investors not g.m. is accused of deliberately bankrupting the swedish or to make a braking hopes to save the struggling company artie's marina port meyer explains. defunct car maker solve automotive may be running on empty but the saga surrounding its bankruptcy is only accelerating now the swedish company filed for chapter eleven back in december after takeover talks with chinese and russian investors failed u.s. auto giant general motors which owned part of saab was reportedly against chinese carmakers assessing saa

than expected retail sales now also contributing to the positive sentiment on the markets is the g.d.p. data coming out from the crucial euro zone countries and that is germany and france both have reported g.d.p. better than forecast and therefore we're seeing buying in europe too. over on the currencies markets interventions by the e.c.b. also supporting the united currency and it's up eight hundred points the second day in a row gains versus the greenback meanwhile the russian ruble is pretty firm against the basket of currencies on the commodities markets we're seeing oil going up pulled by almost a dollar for light sweet brant was pretty strong in the previous session so it's kind of having a day of rest today now both. excuse me both blends of the oil basically on the up because we're expecting on wednesday a report about the us so crude inventories and they are expected to go down to the lowest level in four months and on the russian market is seeing a second positive day in a row point eight percent of gains pretty much the same level as the previous session also had a point eight pe

economies have all of these g.d.p. data which came out better than expected and this is also fueling of the optimistic feeling over in europe with traders now choosing to buy instead of sell the footsies up half a percent. on the currencies market the euro has now moved into negative territory compared to the dollar before we did see two days of gains for the for the common currency in the e.u. and now it's moved as i said into the red meanwhile the russian ruble maintains its pretty firm stance against the basket of currencies. on the commodities market we are seeing some gains for both light sweet and brant and these are based on the fact that tomorrow on wednesday we're expecting to see u.s. crude in the trees report and that report is anticipated to show a decline in supply to the lowest level in four months and therefore the buying. over on the russian market bits of higher oil prices is providing some support so my sense is our point seven percent so is the r.t.s. now under my sex. published second quarter profits whi

basically you do need to watch out for those dollars now over in the europe we've had the positive g.d.p. data from france and from germany coupled with u.s. retail sales which came also better than expected with this is the closing picture that we've seen frankfurt up one percent on the currencies market the euro is flat versus the dollar well the russian ruble managed to post actually some gains against both parents and even against the euro which was stronger against the greenback for the most up to a session now on the what is this commodities light sweet and brant are adding around half a dollar per barrel this is on expectations that on wednesday we might see a report of u.s. crude in the trees shrinking again to the lowest level in four months and therefore the hype on the russian market these high or prices have been providing support for a second day in a row d.l.c. s m i six very point seven percent which is pretty good compared to the rest of the world those past two sessions are now moving to my sextile we have the report of the profits and so did gazprom second quarter profits com

economies that's germany and france that g.d.p. data came out better than expected and therefore this is the closing picture that we're seeing the dax therefore having around one percent on the currencies market the euro as the standard into the red against the dollar and that's losing just five points but the previous session saw some gains and today we also saw some e.c.v. intervention supporting the euro so barely changed in the end we while the russian ruble remains pretty firm against both currencies now commodities are also expecting some good news on wednesday good news for them is tightening inventories in the united states to the to the lowest level in. four months and therefore we're seeing some hype in light suites of brant is taking a day off and had a gain of around the dollar in the previous session so you'd find on the russian the market the r.t.s. m i six were supported by these high oil prices again around point seven percent moving to my six tad nafta was. almost always a two percent i think yes that's right one ninety

five year high so you have you have both a plus and minus everywhere now over in europe we've had g.d.p. data for the euro zone coming in with a decline of point two percent in the second quarter but pick. have been all worse if it hadn't been for germany's data which we were putting on yesterday which came in better than expected and interesting stories in london today one of the biggest losers is the british american tobacco global tobacco giant of so you turn australia nancy to bottle lauren this means that from december first all cigarettes in australia must be sold in plain green packets without any branding british american tobacco and philip morris graeme the new claim the new rule breaks their intellectual property rights britain norway and new zealand are all considering similar measures to help fight smoking and are watching the. standard chartered its was the biggest gainer in london more than four percent added as it has admitted to breaking u.s. sanctions against iran the british learned there's a greater three hundred forty million dollars settlement with a new york watchdog whi

in five years so there's a little bit positive sentiment there for you over in europe we've had g.d.p. data for the eurozone coming in shrinking point five point two percent bigger burden in the second quarter but it could have been worse if it hadn't been for germany's g.d.p. which came out better than expected we're talking about yesterday now in the footsie also interesting stories is a british american tobacco was worse than the market and standard chartered was better than the market will look at them one by one global to market giants have failed to u.-turn a strategy an anti tobacco law and this means that from december first all cigarettes must be sold in plain green packets in the country without any branding british american tobacco phillip morris claimed new rules break their intellectual property rights britain no way in new zealand are watching the case closely considering similar measures to help fight smoking. and stuff. a chartered bank has admitted to breaking u.s. sanctions against iran the british lender has agreed a free hundred forty million dollars settlement for a new

also seen a pretty positive session with germany and france also releasing better than expected g.d.p. data or oil right now is also up when it comes to currencies the euro and the dollar pretty flat to the russian markets had a pretty positive session today. on the back of oil prices finally let's get let's get here now russians are moving more and more into debt deeper and deeper burning cash the way they are spending because basically they have learnt from previous crises that inflation and ruble devaluation can eat up your savings therefore they're spending more and right now loans to people as opposed to corporate loans are developing three times faster than an oblique over ports. what a feeling of self and all folding cries is a spook in russia a slumping old prize a ruble come up like in the wind is what the russians doing about it well they go shopping but they are born with more money than ever to do so present card debt is expected to rise almost eighty five percent this year it is already thirty three percent and that is adding writable market minimum twenty four percent interest

as it could have been europe namely the footsie is really feeling the pinch of the latest data from japan as g.d.p. growth numbers are lower than expected what russia is managing to hang in there all the details in just a few minutes in the business ok natasha thank you very much. a lot of the clothes we wear are created in bangladesh it's one of the world's top manufacturers but it also has a disturbing record in injury and even death among its workers factories cutting back on safety to save every dollar leaving those on the shop floor endangering their health for wages which are next to nothing freshly to assist. i get it i want to smoke that's the last thing i saw before i fainted i don't know what happened afterwards lovely day was only eleven when she almost died in a fire in the garment factory where she was working making only fifty cents a day to help her family survive while lovely escaped many in bangladesh having five hundred workers have died in garment factory fires in the past five years i suffer a lot now i still have to buy medicine it still hurts a lot both my hands hurt my legs

asia value at the moment just an option it's definitely feeling the pinch from that latest data from japan as g.d.p growth numbers came in much lower than expected and that really disappointed investors japan's economy grew zero point three percent of the second quarter about slower than expected with exports and consumer spending showing some weakness u.s. futures are also down pointing to a little we're opening on wall street the euro this hour let's see the currency markets there they are the euro this hour is getting to the u.s. dollar after a the greenback showed some strength in the previous four sessions and the russian ruble is showing some strain to the major currencies crude is also stronger roza valvo one hundred fourteen dollars for brant trading at around one hundred fourteen a half at the moment supply concerns. as usual the supply of the north sea crude is at a record low and sanctions affect your rainy and output financial troubles across the globe don't seem to be dampening the olympic games certainly not this year the government of the disputing countries will pay millions of doll

the equity markets and start with europe for europe is feeling the pinch of the latest data coming from japan its g.d.p. growth numbers really came in much lower than expected and that has disappointed investors sending asian indices down at the moment in europe the footsie is shedding value the dax is rebounding. a bit more on the japan's numbers its economy grew zero point three percent in the second quarter that's a lower than expected with exports and consumer spending showing weakness u.s. futures are also down modestly pointing to a lower opening on wall street here in russia equities are still managing to look pretty good more than one percent for the r.t.s. and around three. as a percent for the my sex this hour some of the movers on the my sex that we're following including oil major ross now off to one of lee is considering expanding to our media gas producer nova task is also off of the second quarter net profits fell by a third and ross telecoms profit plunged by about half in the second quarter of the year that's according to the russian accounting standards but that's not really hurting t

picture it's a much more dismal economic picture than any one piece of optimistic data would suggest you know we have g.d.p. that now is just inching along in the u.s. we have manufacturing numbers that show that manufacturing is slowing down in the euro zone in china just more of a bad picture but yet the stock market doesn't seem to be reflecting at least what i see as the economic reality that it should which is more dismal then these excited rallies that we see so why do you think that is. well there is that there are a lot of reasons for that but one of the things is investors are very aware and they've sort of been conditioned on purpose by the central planners central bankers to to basically not sell you know when you're if you're a huge mutual fund company and you're managing let's say trillions of dollars hundreds of billions of dollars you know you can you're not going to just want to be in and out of things you're going to if you're going to sell you going to make that decision based on you know a six to twelve month view and what we've seen is whenever the market has any sort of sell off whatso

head thought all of us in positive domestic data would you believe first of all russia's first retail sales rose almost seven percent plus the country's g.d.p. increased point zero point four percent in the first six months of the year still within the red colors though as we get into the oil prices we'll be able to see that brant crude is above one hundred thirteen is just reached one hundred fourteen dollars per barrel as you can see that's ahead of the closure of a key u.k. field in the north sea and that's one of the times will for now probably that is indeed the world markets i'll be back in about fifty five minutes. well good i'm sure the apple shares will jump up again as soon as the new i pad comes out but will be looking out for that thanks for the update ride. shortly we discover more about israel's settlement building in the west bank and why it's illegal under international law i'll bring you a recap of today's top news in just a few minutes stay with us.

g.d.p. report to inflation is below what the fed is targeting so does the fed have enough ammunition to act well there's a whole bunch of other data suggests that everything is already starting to shrink and so they don't really announce that data but it means that they are on the verge of some sort of action like q e three q e four q e five and it will continue they're backed in a corner and they really can't do anything else except you know tell us that gold is money that they have been wrong for the past thirty years that gold standards are hocus pocus fictitious gold and that we should be using real gold and then quit and close up shop quit close up shop go home nothing to look at here folks why is this the solution in your view. they should stop messing around with the economy and skewing it one direction or another creating all these bubbles create a wealth transfer creating a disparity between the middle class and the rich that is and norma's. under i believe that if we had used gold like we used to before world war one not the hocus pocus gold standards with reserve ratios and national currencies but just gold we never wou

business desk and bad data from japan depressing the markets today is not right and that is true or turns out the economy in japan a slowdown faster than expected and therefore we had seen g.d.p. figures only at point three percent growth in the second quarter and which. means one point four percent but russia actually is not feeling the chill is secular what's going on here on the russian markets to my six and the gaining more than one percent this out this is very much based on the fact that oil prices have been going up a look at them in just a second first of all the stock movers on the m i six include oil major rosneft that was reports in the considering expanding to mean mia gas producing over tech is also up but now it's second quarter profit fell by around third and it's up to two point six percent in south carolina that's better than expected and profits plunged. in the second quarter of the source so apparently better than expected as it's up two point eight percent let's move over to europe indeed the japanese data i was telling you about is depressing london mostly it's down zero point three percent but the dax is up led by natural resources extracted company on g

g.d.p. report, rising inflation. high unemployment. what is the most important number to pay attention to and why. >> we do get bombarded. over and over again we get so many dataer right now is that unemployment rate. if we have people working in this country, we have economic activity. we have more money in the system. so everybody out there that is supporting a service or a product, if we have more money in the economy, they get job security. when we talk about all these different numbers, the unemployment number and g.d.p. but the most important one is this unemployment number. i got to throw out that the participation rated meaning the number of people looking for jobs was the same as it was in 2009, so many people have left the work force and stopped looking, the same number today unemployment is around 11%. so we are in a serious anemic, terrible economic condition right now. to stimulate it, i'll tell you what we have to do. we have only one thing left. we can't lower interest rates like we on used to to stimulate the economy. the one thing we have is to cut corporate taxes to get more money into the economy and that will have a ripple effect and create