International. Suffered its 1st automatic hold in trading in more than 2 decades after stocks fell nearly 8 percent shares were spooked by the biggest collapse in the oil price in the ninetys before rebounding slightly as saudi arabia stepped up its price war. And in the u. S. The dow plunged more than 2000 points the worst one day point drop ever prompted by Oil Price War that stunned markets around the world we have a huge market event yesterday as a lot of investors repriced all the shock the crash restart markets and the 2000 point swing on the dow its the same for what happens today Business News now starting with the crude oil markets as they try to bounce back from their worst day since 1991 or prices plunged 30 percent on whats been dubbed black monday in the biggest single day force since the 1st iraq war it was sparked by a spat between top crude suppliers we had a mosque who couldnt agree a deal on production. Saudi arabia says that it will slash oil prices to grab market share from russia with some exposed branding it a dangerous scorched approach thats after opec proposed output misspells to falling demand due to coronavirus concerns but most go disagreed noting that it would simply give an unfair advantage to u. S. Crude produces is all hes done of course with more dust and we thought black monday was bad enough things have actually gotten quite worse we saw a huge dive by the Moscow Exchange index and the entire the index for the entire trading system of russia has fallen nearly 13 percent its really it seems like an economic bloodbath really and we heard from the spokesman of the Moscow Exchange earlier talking about it. We see sharons fooling prices changing every 2nd top Russian Companies also down and specifically the ruble fooling against the dollar but the slide of the route has slowed since the stock market opened. Now all this has obviously had a very negative effect on the ruble its seen its biggest decline in value since 2016 but the finance ministry is saying that it has the situation under control and it wants it wont fail to carry out its budgetary obligations moscow also believes its got enough reserves to wait out this crisis to the end and come out in one piece on the other side today we heard the kremlins game plan. The Russian Economy Development ministry plans to change the system of management of state Capital Investments i mean volatility on external markets a vast number of investment projects have been withdrawn from the pact of market fluctuations. Algeria and france are already calling on saudi arabia to better coordinate with the International Community on influencing these oil prices now as of now the next meeting between opec and russia is scheduled for march 18th so hopefully theyll be able to save their 3 year long streak of cooperation and prevent a deeper economic crisis from unfolding. Unless told is that saudi arabia is playing a losing game. And observer markets could see this coming the credit bubble blowing up again this is part 2 of the 2008 financial crisis you know it turns out russia has the best hand at that you know a lot of coal oil going you know russias cost of energy is about 7. 00 a barrel ok saudi arabia is close to 3. 00 a barrel but russia has got no debt and theyve been buying goal meanwhile in usa and america their cost is closer to 50. 00 this will be the complete this arrangement of the american shale industry it saudi arabia and america are really that position that this International Oil kolker game and i think russia is holding 3 aces the Current Situation clearly the saudis are to blame they have taken a move whose only benefit to the only potential advantage in the general strategic mikey of alien terms is the surprise toddy arabia vastly increased production to create a huge price drop and with potential for further price drops were talking something some analysts fear prices could go as low as 23. 00 a barrel which would be levels than the early ninetys and this move was solely precipitated by the saudi arabia simply because the russians did not go along with the previous proposal when in fact there was room for. Through the negotiation what some wants to achieve with this remains unclear because his Oil Production increase is also compromises the saudis states ability to fulfill its welfare function and therefore to keep domestic stability. The spread of corona virus continues to affect the markets at least responded to the outbreak by banning public gatherings with more than 9000 infections up more than 1500 on monday alone the country is the 2nd worst affected after china the number of deaths has risen in recent days to more than 460 people im about to send a decree that we can sum up with the expression day of homes there will no longer be a red zone there will no longer be a zone one or a zone 2 on our peninsula there will be at lee at least that is a protected zone made the latest restrictions uprisings broke out in several jails prisoners took over a jail in belong youre setting it on fire and inmates were filmed on the rooftop burning items and shouting freedom and 16 trainees died in clashes in the Northern City of more than in sicily relatives of prisoners gathered near a jail concerned prisoners could be infected by coronavirus prisoners are reportedly angry new rules that seen a suspension of family visit. So while this coronavirus has been raging for almost 3 months he spoke about everything except the prisoners this is unfair because in this building they dont even have mad right now an ambulance has just got in and we have no idea why one of the ministers to be prompted all this people have sentences of less than 5 years have to be treated with different measures at how. Well we discuss the prison protests as well as italy and europes response to the Coronavirus Crisis with political analysts pallor a phony who believes that the efforts have so far fallen short. Definitely there are in the prison those interests but of course this is used to to uprise with the christians and try to get the permissions to return home at least dont really so be says quite so disturbing events measures to be increased in the prisons because of course the inmates are very close to each other the possibility oh. The bottoms means there but i mean all this outcry seeing is. Not actually not just definitely. This is a bit of far mismatch in the provisions that the doctor says but on the other hand they say that means italy is a democratic country and around a number of interests to be taken into account the e. U. Has confidences and can intervene above the Member States but even in this case because passage of the e. U. To intervene in this emergency has been very vague. Calling just the sort of solidarity among states which has not been seen. Top publishing a say hatchet has counseled a bug of it by film director woody allen over child sex abuse allegations this is it came after employees of the publisher walked out over the planned book with reality has repeatedly denied the allegations against him and our correspondent caleb morgan picks up the story. Mayor of the me too it seems that Book Publishers in the United States are becoming pocket whiners thats after hatchet decided to torch the auto biography of the u. S. Comedy icon and filmmaker woody allens decision to cancel mr allens book was difficult one we take our relationships with all serious very seriously and do not cancel books lightly. Now hatchett has previously published a book by a serial killer they have no problem with controversial authors however after their own employees staged a walkout they caved so whats the issue at hand allegations that woody allen molested his daughter and alan has denied these allegations for decades backing this up is ronan farrow woody allen son who happens to also be a me too pioneer and a nother client of hatchet. I was disappointed to learn through press reports that hatchett my publisher acquired woody allens memoir off to other major publishers refused to do so do not function the woody allen book my sister has never been contacted to respond to any denial or mischaracterization of the abuse she suffered at the hands of. Now there have been 2 criminal investigations into woody allen and no charges have been brought against him but over the course of 2 decades he has received 8 Oscar Nominations as well as one of those prestigious gold statues well the me too movement has taken the shine off of his success now some celebrities at this point are worried that cancel culture has gone a little bit too far the hatchett decision to drop the what do you alan book makes me very uneasy its not him i dont give a damn about mr allen its who gets muzzled next that worries me im always afraid when the mob however small and well read exercises power without any count ability process or address the tritons me much more than the property to have recently been canceled lets find out what new yorkers think about this new climate i wouldnt have pulled it if i was them because so many other artists have done so many other crazy things and they saw things published so there may have been. A tremendous amount of pressure to be politically correct whatever that means now a days social media is definitely. A place where things to have a style get a lot of the same time those allegations can also become true questions continue to be raised about what cancel culture really means and how far it should be permitted to go up and are seeing new york. City senator in chief Margarita Simonyan house proposed helping to publish the filmmakers book saying that it is a question of freedom of speech. U. K. Army veterans from the commonwealth and International Association of states formally part of the British Empire have criticised what they call the grave injustice that they could be deported and peace from the Ruling Conservative Party are now calling on the government to help form a Service Members with the complex and costly procedures needed to stay in the country. Its hard to imagine people more entitle to live in our islands than those who are forced to defend them we need to look hard at these cases and ensure we support those who should have been able to stay all alone this does seem wrong i hope the home office will rectify this quickly and save these former british soldiers from the trauma of Court Proceedings and further delay will and the home office rules commonwealth veterans who have served at least 4 years in the u. K. Armed forces can apply for indefinite leave to remain also known as settlement or the many cannot afford the procedures which can cost thousands of pounds and those who dont apply could be forced to leave britain. The wife of a british soldier from south africa has started an online petition to make a life long stay in the u. K. Free for all commonwealth veterans and she shared her reaction with us. They have so somehow queen and country they have for falcon country i mean what has been the lot of nice hes done 2 tours hes. Straits and done did not hear a terrorist attack like taxis are not entitled to any benefits or anything like the out why have we charges such a ridiculous amount of money for them to remain in the u. K. Pop to death done everything thats done we lived a life how to children and then it was come to redundancies and i was a bit worried that so i said oh ok if we need to start making sure that money aside and the face just kept going up and up every year every night when i got there restock my husband and send back to subclass occur to me having to explain to much. If anything talking to him genuinely career i think that they need to reevaluate the costs. Still to come this hour a new u. K. Streaming services added a warning label on old episodes of dr who over complaints of racism that story and more to the press. So what weve got to do is identify the threats that we have its crazy confrontation let it be an arms race in this spear in Dramatic Development only and. I dont see how that strategy will be successful very critical time to sit down and talk. But as we talk about trouble hes gonna demystified this whole political space if you werent clear before like these folks are no better than us so you know i you know you can reach out to friends say you know take responsibility maybe run for office at the end of the day you know i dont see how we leave a lot of system where these people get away with you know misrepresenting us why not step up and do it yourself. The longest established Latino Organization in the United States the league of united latin american citizens has warned of significant irregularities in democratic primary voting including closed all relocated polling stations and extremely long queues independent you saw the gray zone and antiwar Group Code Pink have joked that if the organization of american states is so concerned about voting irregularities on the continent then it should 1st monitor the u. S. Itself. The u. S. Must send an emergency Election Monitoring Team to the United States to ensure independent scrutiny of a president ial primary that has been marred by clear regularities and this is to matic and highly discriminatory obstruction of citizens right to vote in the United States. What we actually have witnessed are major discrepancies between exit polling data in the democratic 2020 primary and the final computer count which is being conducted in a very opaque fashion weve seen in minority and poor communities people having to wait in line for 5 hours just to vote in the state of texas 750 polling places have been removed since 2012 that means there is one polling place for every 7700 people and this is particularly an acute problem in latino and africanamerican areas why are there no election monitors in the u. S. Why does the oas only send election monitors to places like bolivia d to falsely allege fraud and trigger military coups if texas or New Hampshire or South Carolina were socialist latin american countries the cia through the oas would have already installed a right wing government like that of janine on yesterday in bolivia in october the oas accused bolivias socialist government of irregularities in vote counting which led to have a more or less is forcible removal and a military coup though a new top level u. S. Study has found no evidence of such fruit in the film oblivion leader whos now in political asylum in argentina says that the oas stole the elections. Last year we won in the 1st round now researchers and scientists are demonstrating that there was no fraud on october 20. 3 and lets not have any fear of dictatorship brothers and sisters we are going to defeat a dictatorship with democracy with the conscience of the bolivian people. The Un Human Rights Organization has expressed concern over the prosecution of dozens of people close to the former president believe it is now headed by a conservative government led by johnny 9 years who claims his so the interim president in the absence of morales. Taylor picks up the story. But libya was promised peace what i got was beatings bullets and a whole lot of bad luck. Was. Once boldly waving from the balcony of the president ial palace the self appointed interim president janine anya is now ha its from angry crowds who are chanting assassin killer traitor because the woman who promised peace. Assumed the presidency with a midget a fact in line with the constitution and pledged to take all measures necessary to bring peace to the country has waged war on john and as politicians i dont have very own people. I. Direct her of the state Radio Station was tired to a tree and humiliated for hours. An incident that was reportedly documented by argentine journalist mauro who was found unconscious in his home a day later with injuries to different parts of his body and who died 6 days later. The. Various Foreign Ministers described talisa containing their home address as telephone Numbers Family addresses and other personal information are being circulated viral facebook and other social media. It has also been publicly reported that the lifeless bodies of several people who were. Killed in the mess occurred disappear allegedly have to remain collected by Law Enforcement officers and no further information has been provided on them says shes only cracking down on the violent supporters of the previous government but either way it seems its easier to make promises of peace when you havent had a taste of power yet manda parity bang is quite likes the taste because despite promising not to seek election may shes decided to throw her hat into the ring of to rule now washington must be pleased it was ofter all vocal in its support of the democratic regime change in the latin American Country but it also considers itself the need of the free world so surely such reports of brutality would deserve at least a slap on the wrist no. Silence for as good as silence to the killings to the beatings to the tear gas a diluted lets all be well behaved and its not a one off pass why was the indignation when hundreds of human rights activists and leftwing Community Leaders were killed in colombia when there was a sarge and Police Killings in brazilian neighborhoods all when the president was allegedly linked to drug traffickers there wasnt any or it was half hearted about best and what do they all have in common all the countries are run by right wing government tourny have nice things to say about donald trump latin america has long been washingtons playground from panama to guatemala from venezuela to grenada washington has been keen to strong arm in sympathetic leaders and it seems that once that in human rights be damned. The new u. K. Streaming services the warning label on old episodes of the b. B. C. Classic show dr. Who brit boxes move follows complaints that references to asian people in an episode from 1977 were racist and the absurd in question titled the talons of wing chang has a white actor made up to play an east asian character the words used in the programme to describe his appearance of being branded an acceptable. Its really hard to watch because yellow face is so and acceptable now when youre somebody who was called it in your childhood as i have been its so hard to hear that word and not feel immediately a trigger reaction of how ron it is we put the issue up for debate with commentator my once our new York Observer columnist andre walker. I think actually we should have access to films and videos and t. V. Programs that were made in the past even if they include content that might be deemed offensive today now the bigger problem of course is that brit box which has been launched by the b. B. C. And i. T. V. Has not been very successful and thats partly because its removed a whole swathe of programs thats pretty people might want to watch because of one or 2 remarks that might seem off color today when andre talks about using himself as a cultural counterpoint upon which we are to measure things i for 1 am getting sick and tired of having rightwing pro tory pro far right male journalists of commentators telling black people of muslims whether they should be offended or Chinese People whether they should be offended a white thespian being made up in yellow face and then using offensive language which would be as a defense of his for any other cost or creed i mean we havent we just made a piece of television that actually does include a little bit of racism where mossads white males should not be allowed to comment on that its not a show or this issue that actually is a place of say that i said im sick and tired of where i mentally and i feel i know how to live if i place a family got to be fair and balanced about this this is Old School Comedy its a little bit out of date when you watch Something Like alf garnett to me the joke was that being a great sixties a bit ridiculous and the bit silly but at the same time you see something with Sasha Baron Cohen today and if you look at it his character bharat part of what was funny about bharat was that here. Had ridiculous outdated views of jewish people he was a massive fanti semite so you know kind of could sure great sense of a ridiculing it is really important parts of comedy that i would stand by in terms of yet this is the date of this indictment on why this isnt this isnt about it i will have to go out. Of my we have these ice as far as brit boxes consent like they come by this kind of publicity not really you can get this kind of coverage however you know these are outdated and we do need better systems in place so very easy to talk about the past in negative terms but progress in the nature of progress is that people in the past will seem to be backward well they are a little bit backward compatible but i think theres no harm in being able to watch those programs anyway. Ok appreciate thing without International Day stick around updates on our top stories in just over 30 mins. When else should seem wrong. Why dont we all just dont call. Me. Yet to seep out these days come after. And indeed from an equal betrayal. When so many find themselves worlds apart we choose to look for common ground. Good food descriptions. Even for the owners so how to choose pet Food Industry is telling us what to feed our pets really more based on what they want to sell us then whats necessarily good for the pet turns out may not be the best people belief we have animals that have you know diabetes and arthritis they have auto immune disorders allergies we are actually creating these problems its a huge epidemic of problems all of them i believe can be linked to very simple problem of diet and some dog owners so heartbreaking stories about their pets streets a larger corporations are not very interested in proving or disproving the value of their food because theyre already making a 1000000000 dollars on it and theres no reason to do that research. There are not ones out. On the flues off then one might have the data the definitions and im bad and the. Ones you king i need. Us out. And. Take in the eco city. And then youre going to bring. Now is a guy. Who will eat right out of the. Good of you know well that beach yeah that sounds out of. This debt ceiling if one means a leftist that he not be deep but it. Is them tokyo funded whos going to go. To our. Way out. Of his work with because. Did a busy day and see little creature with you i will do randis. Global market comment amid widespread sell on at this time while at the culprit this is boom but the one business show you cant afford to miss im christiane and im bridgeboro in washington. The market bloodbath rages on amid infection fears and oil has stalled with rice and dropping below 40. 00 a barrel we take a look at the big picture and what the future may have. In the World Health Organization says the possibility of the sort of virus the coming appeared to me is a very real well break it down and discuss what can be done to control the spread of the virus. The chairwoman of wells fargo has stepped down just days ahead of a congressional hearing and with kids that will. Break down the shake up at one of americas largest banks a lot to get here on a very busy day so lets get started. On oil loss as much as a 3rd of its value monday in its biggest drop since 1901 gold war fell to 30. 00 to 30. 00 per barrel as saudi arabia launched a price war with russia after the 2 failed to come to an agreement at its vienna meeting russia declined to agree to production cuts that have artificially kept Oil Prices Steady officially russia said it wants to wait and see what the Coronavirus Impact on demand is before agrees to cuts an officially russia is angry about u. S. Sanctions of Russian Energy Company Rosneft and attempts to stop the north stream to pipeline to germany by flooding the market and sinking prices russia sees an opportunity to crush the us shale industry which is dangerously levered to the hilt russia is also fed up with cutting production output. Time out that time well yes shall producers each time up production to fill in the market as a result saudi arabia cut its crude price as much as much as 6. 00 to 7. 00 per barrel and is looking to raise its daily output by as many as 2000000. 00 Barrels Per Day as it too is ready to fight for market share the u. S. Oil and gas industry is facing attack from 3 sides falling prices from reduced demand a Global Movement to divest from fossil fuel and crushing debt loads the industry has about
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