for germany russia's biggest trading partner in the you fell to an eleven month low of fifty one point four while meanwhile p.m.i. in the blocks second largest to. i mean france fell to forty six point nine the press to quine in manufacturing activity in italy adds to concerns about the inability of the euro zone's third largest economy to return to sustainable growth six years after the onset of the financial crisis now activity in spain's manufacturing sector slowed for a second straight month in august a sign that the economic recovery there may be losing some momentum as well the figures come ahead of the european central bank's meeting on thursday and there's speculation that you see boss mario draghi could offer some indications later this week that he's considering some form of quantitative easing for the eurozone similar to those taken by the u.k. and u.s. during the financial crisis the eurozone wasn't alone in experiencing weakness in manufacturing u.k. manufacturing activity slowed sharply as well while activity declined in denmark also partially reflecting weak demand for d

france, germany, russia, a veto power.a lot of people say that is the - the security council does more harm than good, because they do get together. it's acronystic. it's unfair. also the people most affected bit the security council's decision are never inside the discussion in the security council. there is a para dox, which is unless russia, china, u.s., france, britain, unless the countries agree about anything in the world, you can't get anything done. if you exclude them from the veto holding powers, they'd black it. if you enlarge the powers, if you include things like india, brazil, japan, it will be harder, there's no good way through this. one fruism is when the states agree, it can be powerful. when they differ on syria and palestine, it's not powerful. >> ban ki-moon talked about hue there are attacks. you have the human rites council that has some of the worst offenders around the world. >> that's another big criticism. >> it's more nuanced, it's better to have the human right abusers, all subject to the unive

such a destruction in the eastern ukraine as to destroy the economic relationship between russia and especially germany but russia and the european union and that is the major goal i think the other thing is that the very powerful. interests the vested interest behind the u.s. military industrial complex behind the wall street banks see this as the only way to save the dollar system from from complete collapse and the diminution of american many american power globally because this is a. do or die life and death thing for this this western elite in washington and also in london around cameron some of the things that i guess would be just running out of time to one last question gee think the west's opinion could be influenced atoll by the fact that the u.s. he is going to see for itself the destruction and the dumb bastard agency think what they'll say off the thing that could change opinion until. i would hope so because the pictures that i've seen are just devastating it's human destruction of an unimaginable scale. the nazis during world war two didn't to achieve anything more complete than what i'v

experts from the uk, the u.s., germany, russia, ukraine, malaysia, and australia have all been collaborating on this case. this is not the final report. that's due out sometime next year. but, the preliminary report is significant, because it's the first official account of what actually happened. so far, more than 220 coffins have been returned to the netherlands with an unknown number of bodies inside. to date, 193 people have been identified. from the moment the first bodies were repatrioted, the dutch authorities have sought to restore the honor and dignity that was stolen from the families. one of the main purposes of this preliminary aviation report is to give the relatives conclusionive answers to some of their many questions about how this disaster happened and why. anna holligan, bbc news in the hague. >> let's pick up some initial reports and go live now brussels and speak to andrew charlton, the chief executive of the aviation advocacy, a consulting firm that provides advice for the aviation industry. thank you very much for speaking with us. what are the key parts of this report

to get tougher with russia, but some of our supposed friends like germany have been reacting a littlen we'd like, so i met with acting german ambassador philip akkerman to see what's going on. >> there's no doubt there's more economic activity between germany and russia than the americans and russia. the german people tend to have a sort of more apologetic view of what putin did. >> would you say that you are closer to them than you are to us? >> no. no, no, no. >> that's the exact emphatic response i was looking for. >> but at the same time, we have an old relationship with russia. we can't throw it away. >> remember, we were the ones who said,ic bean and berliner. the other guys... >> they put a wall up. >> they shot at you when you tried to run away. >> yeah. >> just remember who the good guys are. >> don't worry. >> okay. if we're such good friends, what's the problem? >> certain disappointment. the trust in america amongst the german public dropped. if we work closely together, if we are friends and allies, one should not spy on your friends. >> we're in the spying on you. >> we

in dealing with this russian incursion than anybody else despite the business ties between germany and russia and despite the fact that, germany, since world war ii has been pretty reluctant to get militarily involved in places. >> yeah, very interesting, jon. she is showing some true leadership right there we hope our own president and certainly the prime minister of the u.k. is going to follow in line. but i think angela merkel and all germans remember much more carefully what russia did to them in world war ii. they remember the occupation of eastern germany for the many years they were there. they all realize in stark reality, stark terms, the threat posed by russia around the fact somebody has to stand up or russia will be on their doorstep again. jon: lieutenant colonel bill cowan, fox news military analyst. thank you. >> thank you. jon. >> talk about russia and also isis as western leaders deal with a growing threat from isis. they're casting a nervous glance at another country and that is afghanistan. nato's mission is winding down after 13 years of combat. now the alliance make sure

there's a country to the east of germany called russia. ountries have an inordinate amount of power. it is a question of when something happens n germany will not let you're gone. for hatever reason they have. neil: and ha whistling past the graveyard. markets tend to said disconnect from the war reasoner out in the moment, but only to the moment are am wrong? >> no. u're right. the market could fall at any time. you could always make that argument. we look back. i should have seen it. those were thsigns. you know, you alwwys have to look at what the alternatives are. the fed at this point does not give any indication that it is going to start tightening. besides, where will people go with their money? they cannot put it under a mattress. we still have a little bit of inflation. they n throw it into bonds. you look at the earnings. neil: this goes on a while. price and always prepared. been for the market to correct. the trend is up. >> the trend is definitely up but for the same reason. there is no place to put your money. neil: the least

russia which wilson supported. both of those democracies led straight into chaos and disaster. in germanyhitl hitler. in russia it gives rise to e lennon. one harding gets up and says i am voting for war. it is only to protect us. it is not for us to tell another sovereign people what form of government sthe shouthey should. teddy roosevelt was with him on this. we should not force democracy on the world especially place that's are not ready for that. now does that sound like something that's a modern theme? here is my point. we get so lost in the myths of warren harding and enjoy it but we lose this essential message that he gave us 100 years ago that we see being played out in iraq today in the tragedy there. the real issue is do we have the right to force other people to become a democracy? he said no. that's not our business. we should defend ourselves vigorous vigorously. america first. we should be an example to the world. but we should not go in and that played out in germany, in russia, it played out in vietnam. it played out in iraq. we're having a similar problem in afghanistan.

in on merry a poll, the coastal town that could help create a land bridge between russia and the annexed crimea. germany's foreign minister called on russia to show that it is serious about putting an end to the conflict in ukraine. >> that includes reach an agreement between the ukraine and russia to with draw any russian fighters or weapons that may be stationed on ukrainian territory. that is something that the international community will be keeping a keen eye on. >> if it is not satisfied, the international community could impose more measures against russia. brussels has already prepared a raft of new sanctions that would hit russia's industrial powerhouses -- the gas and oil industries. eu defense ministers meeting in milan, italy, will discuss those sanctions and the possibility of supplying arms to kiev. >> our correspondent is covering the nato defense ministers meeting in milan. while earlier, he told us about the role sanctions will be playing during these talks. >> the official line why the sanctions have not yet come into force is that the eu wants more time to observe the cease-fire and ukr

. >> we got donations from all around the world, from russia, from germany, from australia. >> the goal45,000. they raised more than 66,000 canadian dollars. they were able to buy the van that van needed and use all the extra money to get van a new wheelchair. watch this footage of van getting in his new van. if you remember, took so long, a difficult process for mom and van. watch how simple it is now. >> nice. >> nice to see a family story like this touches people around the world who will never, ever meet them. >> people we don't even know, but saw us on people.com, on the huffington post, on "right this minute." >> oh, cool. >> she reads the comments from people she did not know. >> my 8-year-old son saw van on the show "right this minute" in the states and immediately wanted to give money to help van for the joy of giving. >> wow. >> thank you for making my dreams come true. >> amateur mountain bikers go for a ride, but it's not too long before -- >> boom, crash. >> why brush it it off and getting back on is not the best idea. >> oh! >>> and playing fetch is going, well -- >> watch

. >>> european sanctions against russia could make life hardest for europe's largest economy, germany. exporters say they support the politics, but business is suffering as a result. nick spicer is reporting from beijing. >> trying to keep things on track. this company leases and sells vehicles to russia and other former soviet countries. since the first round of sanctions in march. fears that business may be derailed is a reality. >> german exports to russia dropped 15% since january. the concern is the next round will worsen things. >> i think the sanctions have hurt the german economy. there are plenty of economies where businesses failed. in our case, businesses get 5-10 ipp yearies, now -- inquiries, now we get one or two. >> new sanctions needed to be prepared because there could not be a political resolution. >> reporter: the regional domino effect, pollen and hungary -- poland and hungary trade with russia. germany is finding it hard to export to them. then there's unpredict ability, not knowing what the future will be made of, and being les inclined to make decisions. >> sanc

russia and ukraine in terms of the impact on growth. stopest this morning said worrying, stop getting so obsessed by germany's relationship with russia.said 5% of their gdp was tied to russia and perhaps we were somewhat over exploding the situation. there is a standout. apart from ireland, the smi. novartis looks like they have found the golden pill. novartis more or less said, are you sure you have got the right numbers? stock up 3.2%. ,tanford bernstein say the pill risk ofwill reduce the heart failure by 20%. potentially is worth $8 billion. we have 20 seconds. goldman sachs, i love goldman sachs. parity bychs calling 2017 on euro-dollar. back to you. >> we are going to talk about london when we come back. ♪ >> welcome back. you are watching "the pulse." we are live from bloomberg's european headquarters in london. these are the bloomberg top headlines. pro-russian rebels have attacked two ukrainian coast guard vessels just hours after eu governments agreed to impose new sanctions on russia if the conflict worsens. the sanctions may target the nation's capital and finance industries. ukraine's president says the two sides are clos

. >> the german chancellor said in acting sanctions against russia could hit the germany economy hard. she also added that doing nothing in response to the aggression was "not an option". they're are also focusing on their role in iraq. they are sending in aid to kurdish fighters. providing the assistance is both a humanitarian responsibility and in its security interest as well. >> three tons of humanitarian aid. state fighters had been laying siege to the shiite community for over two months until it was recaptured by security forces. france was joined in dropping aid. describing the situation is critical. germany was not acting alone. >> we will coordinate it with our partners. there will be no special german way. we will look to see what the peshmerga are lacking. >> angela merkel will announce her cabinet's decision to send military materials, including weapons and ammunition to peshmerga fighters. fighters and arms can quickly change sides. the fight against the islamic state is proving an exceptional case. the equipment, valued at 17 million euros will be sent in three sit -- t

russia. putin sees germany continuing like other countries in europe to purchase a lot of gas, a lot of energy sources from russia. there's a lot of money at stake in all of this, and the europeans, yes, they are doing a little bit of the sanctions, but there is still a whole lot of trade, included sophisticated weaponry, energy sources going on between nato allies and russia. how do you explain that? >> well, it would be nice, it would be positive if france canceled that helicopter sale to russia because that would send a very strong signal. but the reality is that if you look at the sanctions that were imposed by germany, by the european union, imposed two weeks, they are pretty tough. can they be strengthened? can they now include the banking, the energy sector, the tech sector more than they did in the initial sanctions? that's going to be test number one. i think as much as i hate to say this, i think the decision on ukraine about whether there's going to be any boots on the ground, any western assistance beyond helping the ukrainian government with weapons and training and ammunition is

ambassadors are going to try to agree when to impose the latest sanctions against russia. germany's press for the penalty is to be put into effect. other countries say they want to wait while that cease-fire continues to hold. >>> scotland's pro-independence first minister said that he's confident people will vote to break away from the united kingdom in next week's referendum. in a speech in edinburgh, he said it was in term tall decline. he accused the british government of deliberately leaking market sensitive information about a decision of one of britain's biggest banks to relocate its headquarters to london. >> scotland is on the top of making history. the eyes of the world are on scotland. and what the world is seeing is a peaceful, energized debate. scotland will vote yes next thursday. and they'll vote yes because last-minute promises from the north campaign, which unravel the slightest scrutiny, will not fool anyone in this country and neither will the blatant bullying intimidation of the westminster government. the no campaign is in terminal decline. >> joining us now fro

from is payments methods china, from germany, from brazil, from russia, all competing to be the next paypal of their country. we might see much more of that growth moving goods and services online print we just have to accept that here in the world. it is getting much more complicated, not simpler. >> what can people learn about this online payments world from you? online platform for managing online transactions like a merger, or financing, or ked -- actas security -- asset-backed security. i learned some lessons, be very focused on your clients and on the technology. that is why i throughout the selection of shulman as ceo. a leave benchsuch from paypal alumni, why not look at during the band back together? bench of paypal alumni, why not look at getting the hand together?nd back even though the ceo selection has already been made, hopefully they will be reaching out and trying to get some of these talented innovators involved with the company at the board level is the public offering now progresses. acquiredypal that ebay more than a decade ago was a , massivelyr money-losing busi

germany, china, russia, industrialized nations are not flipping their economy to address global warmingt. why are we grinding our economy to a halt to address something nobody else is? we are losing competitiveness and germany said this has been a disaster. stuart: why is america has lowered its co2 emissions all the way back to 1990s levels? because we are fracking for natural gas and replace oil and coal with natural gas. you guys on the left won't let us do that. >> fracking is a fairly new technology. the way we are fracking now, come con. because we have higher emission standards and all the measures we have taken to combat this and by the way good luck to you, not to you but your grandchildren one day when they deal with -- hurricanes and the and hurricane irene. not in this kind of pattern, not as often. stuart: when you are totally wrong. you are flat out wrong. >> i'm taking the word of 99% of scientists. stuart: precisely what you are not saying. there has always been hurricanes and the current hurricane pattern is softer, calm during chancellor than in the past. >> i will fin

the german president called on russia to respect international law saying germany would defend european values. commemoration ceremonies began at dawn. poland's prime minister urged the international community to be vigilant. >> looking at the tragedy of ukraine at war, we know september of 1939 must not be repeated. >> following russia's annexation of crimea, poland has called for a stronger nato presence in the region. >> a colleague terry martin has been following events in poland. he joins us live from the peninsula. thanks for joining us. give us a feel for what has been happening, how emotional and event has this been? >> as you can imagine, the eveveveveveveveveveveveveveveveh anniversary of the outbreak of the second world war in poland have been profoundly emotional. we heard today from the polish president saying 6 million pols did die during the war, one out of every five was killed . many suffering horrible deaths, often in concentration camps. he said the weapons of war have still not healed -- the wounds of war have still not healed. there's also a sense of hope and accomp

churchill said in 1941, "if hitler invaded hell," he told his private secretary as germany readied to invade stalin's russia, "i would at least make a favourable reference to the devil in the house of commons." handled sensitively this could be an opportunity -- and i urge the prime minister to take it -- to kick -- start a proper syrian peace process and to defuse the long-standing, deep and inflammatory divisions among muslims. in the middle east -- iranians as shi'ites sponsoring hezbollah and other militias, saudis and qataris as sunnis sponsoring al-qaeda and other jihadists -- including isil, where they have helped to unleash a monster that threatens to devour them all. by acting carefully, not bombastically, and by making common cause with both saudi arabia and iran to confront a common isil enemy, britain could even help realign middle east politics to overcome the bitter and violently corrosive sunni-shi'a fault line in the region. it is a big ask, and an even bigger task, but an immensely valuable one. >> i do not think there is any significant controversy about the moral and legal case for what i

germany, but some critics might do that. i would not go that far. but the reality is that there is this country, big country, largest country in europe, ukraine, stranded in place between russiaand this long-standing story. the problem is that germany's overwhelmed with economic issues. i remember ronald reagan used to tell them and my friends reminded me, don't build this pipeline. don't get dependent upon russian gas and oil. it's going to haunt you. and reagan had the point. he was so right, when you look at what is happening now. basically merkel comes and says we don't want russia to be defeated, because it will humiliate them so much that we will have unpredictable sort of country but if russia is not defeated, we are dealing with huge consequences for western civilization, democratic world. >> defeated. militarily, economically, diplomatically or all of the above, or some percentage thereof, the reality is that this administration doesn't seem to be making any overt moves, taking any overt action, to blunt either the russian maneuvers or the ukrainian, providing support to the ukrainian government. >> well, there was lots of discussion as to whether to arm syrian rebel

if we suddenly see tit-for-tat of russia and ukraine affect germany and how that affects europe as a whole, could roll over into the u.s. just when we may be starting to get our feet. i think we could see our rates, i'm not saying it will happen right now, maybe all the guys calling for rates earlier, going higher earlier rather than later, we could bump those out, say fourth quarter, 2015 or maybe 2016. because if you go back and read what the fed has been saying where we should be today, we would have raised rates another, a year ago. david: right. >> be careful what the fed is having to say. we have to take things in perspective. i think really right now i'm worried about russia-ukraine situation giving germany a cold we could catch right when we're getting our footing. >> guess what, gang. we haven't talked about japan. fallen 7% in the first quarter. huge fall for japan. we'll talk about that later in the show. liz: michael, earn any ley, their. scott we'll get back to you when s&p futures close. david: shares of apple could use a bit of juice right now, falling 4% about a week.

he trusted the west, expecting aid, support, and nato to haul to germany's border. russia instead, received chaos, economic collapse, and nato expansion. vladimir putin has repeatedly called the soviet union's demise the single most tragedy of russia's history. his takeaway from 1989, the thing that drives his policies today, is the realization that russians should never, ever trust the west again. while there is much to celebrate from 1989, the lessons that we might take from it are not wholly optimistic. it is that true change occurs when leaders are willing to let the stream of history run its course. but, sadly, leaders strong enough to resist the urge to speed history along are, sadly, rare. especially those who are intoxicated by the power at their command. another lesson is that collectivism is easily undermined by jealousy, nationalism, and ethnicity, and that violence can, indeed, keep chaos at bay for a while, at least. and finally, it's how one stands on the issues of 1989 depends on large measure upon where one sits. as deng xiaoping told his inner circle befor

defense budget compared to other countries and the top other countries, china, russia, saudi, america, france, uk, germany, japan and india, and our budget exceeds every one of those combined, brenda. so i'm not certain that we could make some cuts and not be that bad off. i believe in a strong national defense, but we have a lot of slack there. >> john, i don't think that gary b. is going to be the vice presidentialandidate anymore, because you are disagreeing. >> certainly not the secretary of defense i will tell you that. i don't trust gary b. to do anything actually. and you talk about this, and all of the money that we owe china, but if something happens in taiwan and south of taiwan, we will be borrowing money from china to defend china from taiwan, and this is a crazy world we have gten into. >> and isn there a positive like if we owed russia $1 trillion, then wouldn't we have leverage to say,ou have to get out of the ukraine or we will double the interest. and we won't get into trouble with them, because we owe them so much money, thawe have to make the payments. so it would be okay if more countr

they don't have the heads of state from india, russia, china, germany, australia.en harper is in new york and he skipped this thing. [laughter] you talk about embarrassing. now, perhaps even more embarrassing is the fact that ice in the antarctic now 7.6 million square miles. that's an all-time record. and now, well, the next real, real deal. didi, back to you. president obama has spent 120 billion in his first five years on this whole climate thing, and he wants to spend a whole lot nor. >> yeah. you know, remember going back to solyndra, you have all those solar panels in warehouses, billions of dollars wasting, and it continues. this time it's a political ploy because he's doing so badly, failing so miserably, this is a big distraction. he's got all the unions out there, you get the celebrities -- leonardoty cappy row looked like a big old wolf yesterday. this is just a ploy, a distraction, and it's on all the polls, it's at the bottom of the list that americans have an interest in. charles: at the very bottom. i saw your tweets. you were in the city yesterday,

germany had it's own agenda it wanted to invade france. but getting there invading belgium, too. so britain committed to supporting belgium, france and russiaes a snowball effect. it becomes a world war because many of these powers are colonial powers as well as being european powers. >> like dominos, country after country was dragged in on the side of the allys seen here in grey or the central powers in black. until look, practically the whole ward was at war. but not the united states. which remained neutral. the sheet music for this anti-war song sold 700,000 copies. the recording was number one for 1 weeks. >> the reflex response of most people and indeed of the president himself was that we left that and got out of the way. >> stanford university professor david kennedy is a pulitzer prize winning historian. >> people responded to the news of the war's outbreak much in line with the, by then, century-plus old tradition of isolationism. >> he kept us out of war was the campaign slogan largely credited with getting president woodrow wilson reelected in 1916. but just a few months later after multiple provocations, wilson asked congress t

i thought it was disappointing. >> but i also understand the position she's in where russia and germanyheavily on each other for trade. i think russia probably needs europe more than europe needs russia in terms of where trade goes, you could argue. >> but i think the smaller european nations were looking for clear leadership from her and didn't get it over the weekend. >> i think you have a point there, yeah. >>> moving on, the results of the latest addition of the cnbc global council is whether we'll see a stock correction by the end of the year. there's no consensus from the year, but there's an even split looking somewhat unlikely or somewhat likely. it's a fairly even split. the tax emersion deals are one of the deals from the previous quarter. the ceos want some reform to the u.s. tax system while a third are neutral on the matter. and earlier we spoke to the head of finance who said gray areas in emerging markets are putting off investors. >> in the u.s. the tax rates are quite high compared to the rest of the world. and the tech world is very complex. whereas i look at the emerg

germany. >> absolutely. and on that topic on sanctions on russia, which economy do you think is the worst performing thus far? i've given you a massive clue already. >> is it germany? >> it is not germany. it's ukraine. >> that makes sense. >> and the best performing? >> in europe? >> i believe it was ireland. >> not ard cooing to my data. it was poland. and the best trading economy overall was argentina. it would have been a bold move to go into that ahead of last month, but we're recapping all of the most likely moves with one trading session left in the quarter. we'll be taking a look back in the month and the quarter later on in the show. meanwhile, today, thousands of prodemocracy protesterses remain camped out in the central district as their standoff continues for a third day. >> the crowds continue to swell here in the main business district of hong kong. and the banners that you see above reflect the sentiment here on the ground. the baern behind me says do you hear the people sing? this is a play off the angts of less miserables. it's been translated into chinese. another baper says, i want true un

. >> if they don't russia wins and particularly germany.at you do not make an enemy of a big, powerful country. it is a tragedy. it is sad. i think at this point it is difficult to see how russia does not, in the intimate what it once. sandra: john herbst. >> that is a very serious mistake. if mr. putin and russia succeeds in ukraine he will commit aggression elsewhere. he said a couple weeks ago, is not a real country and he has the right to protect ethnic russians wherever they may be. two weeks ago he rested a counterintelligence operative. a week later the russian foreign minister was in latvia saying that russia should not be discriminated against. there building a case to intervene elsewhere. this is a danger that goes well beyond ukraine. ukraine is willing to fight in its defense. we need to help them. if we don't stop putin and -- in ukraine he will fight elsewhere. and putin will stand down if the west stands firm. the problem is the west has not stand firm. sandra: these are serious words. is the west tried to do something about

germany? consumer confidence trending lower. you can blame russia and the ukraine but it is clear in the numbers that the demand from the eurozone is not getting higher. expect more competitive pressure for germany. they have had deflation. has been closing down. overall, part of europe is slowing and germany has been the power engine. >> stay with us. let's check in on the equity markets. equities opening a little bit lower. the ftse opening zero point 1% lower. -- 0.1% lower. big mover, de la rue. why are they so much lower? down the most since 2008. it is about market conditions. we will talk more about it after the break. stay with us. ♪ >> welcome back. this is "on the move." we stream on everything. online, on your phone, apple tv and amazon fire tv. let's talk about stocks. equities, undervalued or are we in a bubble? it is the bull and bear debate that rages between economic heavyweights on bloomberg tv. we spoke to the former budget director under u.s. president ronald reagan. stockman says central banks have created a bubble which has ruin

>> guys, let's not forget russia. germany, the leading engine of europe's economy right is a big trading partner with russia. 30% of those export gos to russia and sanctions increasing that's a huge headwind. dependent on russia right now for the energy. >> the problem is -- >> i'm not saying europe can't be a play a year from now but right now you want to be in the u.s. >> i think you invest for a year ahead, two years ahead. we don't invest for tomorrow. >> all right. good discussion, guys. that was instructive. thank you both. >> thank you. >> thank you. >> thank you for joining us today. >> 76% of the viewers continue to think the u.s. is a better investment. >> dow up 170 heading toward the close with 20 minutes left in the trading day. >>> bond king bob gross spicing up the friday with the morning announcement he is jumping ship from pimco to janus. what does that mean for the future of pimco and for the rest of the bond market? leg mason's ceo joins us next exclusively. >>> alibaba shares gaining back some ground after

russia is europe's biggest car market after germany but car manage evers could supply cars made in other unaffected by sanctions. new moscow is the financial had you been. this is where the money men confront the challenges day by day and the future is not looking good. >> i believe the medium and long-term, the rubal will faw. the shashl currency doesn't look strong. the economy is not developing with the rates the government and business wants. >> all of the indicatods are predicting a retired ahead. now running at 7.5%. the battle against the dollar has dropped 14% sinceian and then there is the dip in the oil prices and oil makes up more than half of russia's export revenues. the finance ministry, don't panic. no signs of high anxiety among the citizens of moscow. >> i don't feel any panic. i won't lose much. i like if the food prices don't increase but i think it's very hard to surprise us. >> but for peopled around the country, the effects of a falling kurns cease are beginning to hit home. these russian tourrists stranded in turkey. the collapse of three of the country biggest tir