Transcripts For ALJAZ Newsgrid 20171109 : comparemela.com

Transcripts For ALJAZ Newsgrid 20171109

This is al jazeera and live from studio fourteen here at aljazeera headquarters in doha. Welcome to the new spirit and order for saudis to leave lebanon thats just happened but people are also asking where in the world is the lebanese Prime Minister was supposed to be back in beirut on certain questions about his would be resignation but he hasnt arrived and the latest word is hes still in riyadh also on the grid a new twist in the continuing gulf crisis did the United Arab Emirates intend to steal the twenty twenty two world cup from qatar. Apparently wanted to wage an economic war against. And in yemen millions will die its been stated almost as fact by the United Nations humanitarian agency unless the blockade on yemens air and sea ports is lifted the thing is yemen is not a new crisis so what will it take for the International Community to take some i. Post something hateful online and you can get twenty years in prison thats the new law in venezuela and the opposition is not happy about it were following the conversation but we want to hear from you im with you harding be sure to connect with us for the hash tag. Sale now. With the news going on here in streaming online Facebook Live and at the right dot com get out that is the order from saudi arabia to its citizens who are in lebanon that warnings just come out in the last hour or so and comes just days after the lebanese Prime Minister saad hariri resigned his post while on a visit to riyadh now there are questions about his over his whereabouts the office of lebanons Prime Minister has responded to those concerns saying he met the french ambassador to saudi arabia in riyadh but has not returned yet to lebanon and there were fears he was actually being held in saudi arabia against his will or Reason Office says he also held meetings with european british and u. S. Diplomats over the past two days lots to talk about then i heard following it all for us from beirut lets start with Prime Minister hariri. Ive heard you all day on air and its just been Different Levels of confusion all day really hasnt it. Well yes a confusing picture but more importantly a lot of concern we have been reporting that the president of the country the speaker of parliament theyre both concerned theyve been seeking to bastardize from western powers telling them you know were worried about how do you these well being we want to know about his whereabouts but just a short while ago we actually heard from heidi these political bloc is Political Party and they are saying that saddle heavy should immediately return to lebanon and that he should return because that is necessary for stability to restore stability in lebanon and it is necessary for the internal and external balance that we called how do these Political Office and to ask them you know are you saying that you are worried that the house of the Prime Minister who resigned of course is under house arrest they said we have no information so a very strong statement coming from how do these bloc we still do we have still havent heard from the Prime Minister since that sudden resignation on saturday we did see him on tuesday in abu dhabi of the day before he was with the saudi king but ever since he hasnt put out any statement so the president the speaker of parliament worried and now his own political bloc and on the flipside zinah some of these being told to get out of lebanon. Well yes saudi arabia clearly making it very clear that they intend to push forward that this political crisis there is no and we know its having a radio want they said that lebanon has declared war on saudi arabia simply because hezbollah is part of that government what they want is for lebanese politicians the different lebanese parties to finish off hezbollah now that is easier said than done we also had a tweet from the gulf minister the state minister for gulf affairs saying that further escalate tory measures will be taken so saudi arabia bent on pushing this crisis even further escalating steps we still do not know what action they will take but definitely they are threatening lebanon that if they do not finish hezbollah you know the Saudi Arabians are going to do their best to try to curb their groups influence in the country busy times as in iran concerning times as in the tells us there from beirut thank you. Good background to all of this on a recent edition of inside story just by the way Martin Denison her panel of guests asked the question is lebanon on the brink of turmoil kind of feels that way doesnt and it is of course no stranger at all to political upheaval inside story as ever in the shows section at aljazeera dot com to another developing story this hour in the global Whistleblower Group global leaks has released what appears to be a plan by the u. A. E. The United Arab Emirates to destroy carters economy and eventually steal the twenty twenty two world cup now this plan was found it seems in the email account of use of the u. S. The ambassador to the United States and weve had plenty of these leaks already global leaks handed over the files to the online news outlets the into six now weve got ryan graham with us now who is the d. C. Bureau chief at the in to say thank you for coming on in such short time as well tell us more about how all this unfolded for you. Sure i mean weve been writing about bass or table for. Several years now is one of the most influential figures in washington and washington d. C. You know about six months ago or so his his inbox was compromised. By sources who wound up becoming connected with with global leaks and stunningly he appears to have continued using that precise same inbox over the preceding six months and as a result apparently somebody still had access to it and was was able to find a document a global leaks also has sources connected to the bank that was involved in preparing this and so once they got information from from the bank side whistleblowers over the bank side they were able to then crosscheck it with the with the documents that were in and bastareaud table is in boxes and say ok so the issue of the world com now its not the first im certainly ive heard this idea that the u. A. E. Certainly didnt want to help us have the twenty two world cup but this issue of the economy and trying to essentially bring down parts of the copper economy can you expand on that for us. Right so the so the plan is a fairly simple one in the end its to take all of the existing bonds that u. A. E. And affiliated parties r. T. O. And put them in a kind of offshore confidential vehicle and then go about purchasing additional qatari debt. And then by credit default swaps against that debt so that when the debt goes down in value the credit default swaps rise its like buying insurance its about like buying insurance you might remember this from the movie in the in the book called the big short this is kind of a version of the big short they would then take these these bonds according to the plan and swap them back and forth among parties who from the outside look like theyre independent but are actually the same people as like me and you trading a bond back and forth and that creates an illusion of volatility and with people aware that there is this political crisis going on then they plan as they see this enhanced volatility and traders start to panic and say oh my god something must be going on here we need to sell our own our own could card debt which drives the price down further that that rises you know that increases the price of the c. D. s which then puts pressure on the currency the qatari currency which requires cutter then to bring in dollars to prop up its currency and all of this creates a sense of crisis which then the u. A. E. Would use to say well that the countries in crisis you know it ought to at least be sharing the world cup with the rest of the i. C. C. Country do the emails we talk about a plan does that suggest the plan was in motion or was quite dreamy it was there any sort of time indications given that. If if the plan were going to be affected it would it would it would happen before the countrys next bond sale which is you know coming up probably before the end of the year if you look at the volatility in the in the in the currency markets there there does seem to be a tremendous amount of it disentangling that from the other pressure that qatar is under both as a result of the blockade and not doing business with. You know not allowing cutter businesses to do business in the cetra you know its hard to disentangle how much of. How much of this volatility in this craziness in the markets is from that or how much is it from the plan that might have been put into effect we dont we dont know that thats thats something thats unknowable to us at the moment whether this plan has actually been put into effect one of the problem with a big problem for the planet which the document itself acknowledges is that the qatari debt market is very illiquid its very hard to buy and sell these products its not like the u. S. Treasury market where you can easily move them back and forth and so as they drive their prices down then theyre Stuck Holding a huge amount of debt that they have massively devalued so it would cost them hundreds of millions of dollars as the insurance that they would buy off would would not make up for the amount that they would end up losing on holding that they have now artificially suppressed brian greene from the indices very interesting talking to you we thank you for coming on the newsgroup much appreciated. You got it actually had an early whatsapp question coming in from someone he had to put your name as well if you send a whatsit comment and please do so but you know when they are asking if this is true then how will cut to react no idea of course but we are waiting for reaction weve course bring you as soon as we see anything on that. Moving on again were looking at day two of donald trump says its china and this is where things get down to business aside from the issue of north korea you have got the economics of the china u. S. Relationship up for debate because as we know donald trump thinks it is all wasted on faily against the u. S. Why does it matter well ive got some graphics here from aljazeera dot com to take you through it just really really simply i mean that tells a whole a over a third of the entire Global Economy is just these two countries the u. S. And china they are well ahead of either that japan or germany which are in third and fourth place these are the absolute the him its all of the Global Economy and then this is the one which upsets donald trump because the orange line which you see way up here is the amount of imports that china will that the u. S. Brings in from china and right down here is the opposite how much the u. S. Is exporting there is a big disparity and donald trump does not like bats well i dreamed brown is covering the president s trip from beijing for us and here is his latest report. Chinas leaders know how to put on a good show and to make important visitors feel honored. The finally tuned welcoming ceremony was far more lavish than the one given President Trumps predisaster president xi jinping has rolled out a very long red carpet for trump who ensured his tie was color coordinated. The two leaders talked for several hours later before the cameras trump they have surprised his host by saying the u. S. Trade deficit with china wasnt all chinas fault and i have Great Respect for you for the things youre representing china but its too bad that past administrations allowed it to get so far out of kilter they held a News Conference without taking questions where trump again pressure over north korea all responsible Nations Must Join together to stop arming and financing and even trading with. The murderous north korean regime their statements offered more plaudits than substance trump said she was a special man and that is people were proud of him president she reiterated his call for diplomacy and not threats to resolve the crisis on the Korean Peninsula he said it was natural for the United States and china to disagree but they owed it to the world to work more closely. I told President Trump that the pacific is big enough that the u. S. And china by its side should increase communication and cooperation in regards to asia pacific issues they agreed to cooperate over combating drugs namely the chinese made chemicals blamed on the us opiates epidemic. Many of the outcomes on thursday were prearranged two hundred fifty billion dollars worth of trade deals were announced but their real substance still needs to be assessed those agreements though mean trump can show his supporters that hes making progress in reducing the trade deficit chinas leaders clearly one president trying to leave here happy man and they appear to have given him just enough to ensure that happens in return chinas state controlled media says that its time for the United States to treat china as an equal trumps been tweeting about his successes here which means hes been breaking chinese law because twitter is banned but on this occasion his hosts probably dont mind adrian brown aljazeera beijing. To the u. K. Now where tourism is conservative government is in a whole lot of trouble pretty patel the u. K. Is International Development secretary has been forced to quit over hair and authorised meetings with israeli officials he was actually called back to london from nairobi resulting in as they will tell us in a moment a multi media circus the details from the barca. Priti patel arrived at the back door of downing street her government career hanging by a thread the International Development secretary was hold back from an official trip to africa to face her boss Prime Minister to resign may moments later patel resigned. She was forced to apologize on monday after holding twelve secret meetings with this radio officials including Prime Minister Benyamin Netanyahu or while she was meant to be on a family holiday to israel in august it also emerged she discussed giving some of britains aid budget to the israeli army to help wounded syrians being treated in the Israeli Occupied Golan Heights for wednesday its surface patel had visited an israeli Field Hospital in the area despite protocol against british officials traveling there the u. K. Doesnt officially recognize israels presence in the territory land seized from syria in the one nine hundred sixty seven war further revelations followed including details of more undisclosed meetings between patel and two israeli officials in september the aljazeera investigation the lobby recently revealed close links between Israeli Embassy officials and conservative members of parliament. A report in the Jewish Chronicle claimed the British Government knew about patels meetings and that she was instructed not to declare them to avoid embarrassing the Foreign Office downing street says the claims are false the departure of p. T. Patel now leaves to resume a with one less ally in government patel had backed to reserve may in her bid to become Prime Minister shes also a firm euro skeptic a keen breaks it without her to reason may could struggle to deliver on her key breaks it promises without any strong Central Control people are just making policy on the hoof and departments and it seems very clear that cabinet responsibility has it to some extent broken down and unless steps are taken to restore it shes in government but not in power. At londons Madame Tussauds a serene looking waxwork of the Prime Ministers receiving final touches the real mrs mays battling multiple crises several of her cabinet ministers have been embroiled in Sexual Harassment scandals and the foreign minister Boris Johnson is under fire for misleading comments that could extend the jail term of a british citizen imprisoned in. Patels downfall divert some attention away from johnson but many are wondering how long to reason may keep a brave face need bark out zero london dont forget patel is the second british minister to step down in a week Prime Minister may lost a close ally when her defense secretary the man on the right there Michael Fallon resigned after allegations of Sexual Harassment and two other ministers are also facing investigation so lets get an update from now he is live outside the houses of parliament in london quick update first knave on pretty brutal herself and has the government moved quickly to replace her. They certainly her over the last half an hour or so penny mordant m. P. For portsmouth on the south coast has been named the new International Development secretary if you remember anything about penny more than its this she is a keen for break city as she campaigned very much like pretty battell

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