A major hit following the failure of crude producing countries to greet production cuts as a man for oil falls amid fears about the coronavirus saudi arabia says it will increase output after a dispute with russia for more that heres our teeth. But quite a somber atmosphere here on wall street they are already calling it black monday we saw a 15 minute free futures trading when the stock market opened big dramatic plunge on the stock market the biggest drop weve seen since the 2008 financial crisis and on top of all of that weve got an Oil Price Drop 30 percent decline in the price of oil a plunge in the price of oil the biggest drop weve ever seen in oil cents in 1901 and at this point it being traced back essentially to the negotiations with opec saudi arabia has come forward and called for a decrease in Oil Production juju limited demand or. The coronavirus well russia has come forward and said that this call for a reduction in Oil Production and a cap on Oil Production doesnt really make sense because it would give the United States an unfair advantage this is what has been said by russian officials the Russian Oil Industry has a high quality Resource Base and a sufficient financial strength to remain competitive any predicted price level as well as maintain its market share for russias interests this deal is simply logical we giving up our own markets remove cheap arab and russian oil to make way for expensive american shell make it worthwhile for them saudi arabia did not appreciate russia refusing to go along with their proposal for a production cap and so they flooded the market and the price has dramatically gone down 30 percent drop 31. 00 a barrel here in the United States and in response to that weve got economists talking about how dangerous this situation really is we believe the. Price war on equivocally still to this weekend when saudi arabia aggressively cut the relative price which is still that is crude but the most at least 20 years this is turned into a scorched earth approach by saudi arabia in particular to deal with the problem of chronic production the saudis are the lowest cost producer by far at this point the whole world is waiting to see who will blink 1st russia or saudi arabia now the Shale Companies in the United States those are companies that extract oil and natural gas from the shale of the United States through the practice of hydraulic fracking they have been suffering quite a bit furthermore weve got algeria and france among other countries stepping up and calling on saudi arabia to negotiate and saying that theyve got to get this resolved the World Economy is in a jam people are very very nervous will wait to see what happens next. For more on this were now joined live by economist and political commentator i come or youre very welcome to the program now how do you expect anything that we saw today. No i didnt expected it cart before the opec meeting after the opec meeting i expected a little drop but not that severe as it is not. Some analysts are saying that the saudis were playing a high stakes gamble that theyre continuing to do that pushing the opec group to a breaking point do you agree with that yes i agree with that the saudi arabians are play a very dangerous program game and theyre playing it again for a chess player but they dont have a good hand but the chess player and a very good and the chess players russia so they are playing for themselves a very very dangerous game they are already running a deficit of over 50000000000. 00 a year and theyre. Brought in on unlimited so bad doing very very dangerous and how do you see this dangerous game playing out. I cant imagine the saudis lou well in this. Everybody knows russia can need any price levels they want they have a no and currency they have. A vast Oil Production but a saudi may have severe deficit and needs in their own country so the saudis are very limited in their possibility and thats why dont you imagine that saudi arabia will be losing this game they will also be the losers because at some stage when they crack of the u. S. Frankly industry i dont think that the u. S. Will best. Like us very much but they are dependent on america protection so i have playing a very very dangerous game. Theres a lot of criticism of russia saying that they started in Oil Price War but moscow says that the opec deal just wasnt a profitable offer so whos to blame here. The most obvious of the saudi arabia of course you know we started related the situation now. Wont very very well out both. And who do you think is going to be hit hardest by this price for a while ordinary people im not feeling it as well. Well i dont know so much about the ordinary people because if i look for example in germany i use percentage of that of the oil price for the consumer texas so textile work so far or would benefit the people in germany for example much much more than their joy of price but of course the drop in the oil price is a very big boost for the economy but the economy at the minute can do that anyway because we are just enter a crash we have entered. The same size of 929 or even more and so you know the power in the opera house doesnt really benefit so yes a little bit of that ordinary person benefits but not too much at the moment. I harm our economy and political commentator that you for joining us on the program to break down that top story of ours. Then youre right. Turkeys president has been in brussels in a bid to find a compromise to the unfolding migrant crisis at the greek Turkish Border the visit came amid a deepening diplomatic standoff between ankara and athens thats left tens of thousands stranded at the frontier now peter oliver joins us live now peter what have european officials been saying oh. Well it wrapped a problem day evening with that meeting between the top european officials and president of turkey with the turkish president leaving without taking part in any joint press conference that fell to the European Commission president. And the European Council president Charles Michel to take to the podium they give their thoughts on that michelle said yes to. This meeting of being a good thing because it allowed them to share their different opinions on the situation that border between turkey and greece but of course also the border between turkey and the European Union east. Said that these types of meetings allowed them to make progress towards the short middle in the long term of the future relationship between the 2 blocs he said that your support early high representative for Foreign Affairs would be in Constant Contact with the Turkish Foreign minister to drive forward this progress there would be also Constant Contact over the knex coming days between e. U. Officials and president of turkey he also said that he personally would be updating the Member States of the European Union as well about the situation sort of on the line said this meeting showed that lines of communication are still open. That they are working to find out the missing elements in the 2016 migrant deal now that could well lead to issues searches visa liberalization coming back onto the table that was one of the points they couldnt get into the deal back in 2016 it was something that turkey wanted there was also talk about turkey asking for more cash essentially from the european side although that wasnt mentioned directly. And also was asked a question by a turkish journalist over what the scenes at the border d were allegations from the turkish side that theres been over zealous force used by the greeks it was born to lie in the Commission President saying that borders must be respected as must the right to asylum and that all forced used must be proportionate essentially the to take away the short take away from this meeting is progress has been made see were still talking to one another were going to keep on talking to one another but we dont have a deal or at least any kind of new deal yet. Arties peter all of our bringing us the latest thank you very much. Now for live analysis were joined by pier emmanuel tamanna an expert in geopolitics very welcome to the program what do you make of whats come out of todays meeting do you think theres a possible compromise that will please turkey we understand that this is just a starting point. It was a fuss meeting but each reserved seat. Ino the no decision october so far because they are big disagreements not only between the e. U. And turkey but also weave in each and European Union who would like to appear to show strength in front of turkey because a turkey needed a gratian against e. U. Biyo they using the Immigration Crisis had jumper to cut a weapon but actually he used very rich and the bold or is not to cross. But by you or migrants pushed by turkey because Greece National board of greece is kept by your greek government on greek police force he spots a reality on the ground. Brussels seems keen on maintaining its 2016 agreement with turkey saying that its still in place however ankara doesnt seem to be on the same page what failed before should there be something new this time around. Yes actually. The deed are made in 2016 between no e. U. And turkey he said controversial of that gear because a smoker who decided unilaterally to make a deal turkey and. If. In front of Member States on this issue is difficult to implement because of the Member States disagree on the content of the deer mainly and turkey as when river recent developments turkey is waging it war on the foreign territory in syria it took 2 parties military syria and. Is difficult for took it to win on the it leap because. The Syrian Government headed by russia is regaining ground to liberate the country so turkey. Is easy is not to actually implemented odis objectives on the ground so he used the migration crisis to try to force European Union to support us on poor receipt in syria we would like to be did both a zone in north of syria and probably review e. U. Money as where and do to change its nick completion of appropriation to a way in a territory under turkish control or on the north of syria and at the same time they would like also to put pressure on nato Member States. Rift to notice but the guy who went to see the secretary general of nato before to see e. U. And he knows perfectly but nato Member States especially the most atlanticist Member States. For example germany. Is to kenya and using this opportunity of the crisis to try to. Better relations in the future weve turkey against russia or school bus part of the game but also we nato Member States does that greenpeaces wise is going to be difficult to ticket come on now and but germanys poppies are weakest. The weakest of the Member States regarding turkey because the government is considering but e. U. East complimentary to nato so we wrecked a degree supporter to to have a turkey again a better relations against russia and as a same time the German Government is defending the open society ariba run mode there of europe on this is why the the. Dont want to. But the National Polls are being implemented again in or a National Member state because that would be the easiest solution to stop or reese migration throws if each member were do like hungary to close its National Boss would be very difficult for the gun to block a mate you but germany would like to please to a key because they want to continue to work to have it open bold or an. E. U. Because germanys exporting it up to products or use or so about ideology and as a same time turkey is very strong in germany because these a lot of immigration in germany and the turks are not being inside germany. In the mainstream put your card parties and you conceive a declaration of the different german petitions be our very reach in front of turkey and this is a problem to have a strong position of e. U. On the army on the ground. What must also most sports greek authorities ease their reform not to writ. Migrants to come in do you think were seeing a shift and europes can collective tune compared to the more open approach that we saw back in 2015. Yes of course because as i said this time greece is very firm doesnt want to. Read the bold or open the saw report is. Strong but the same time you can see a shift in a peep Public Opinion in must of the e. U. Member states in france in germany in greece put creation out or posed to research a Mass Immigration to reste irregular immigration because we have a bad experience of the 2015 crisis but lead the governments. There under the pressure of their own population that would like to appeal stronger but theyve done theyve done take yet for the measure to be strong and we see in the next weeks if you are going to make concessions again to turkey to giving more money for visa for turkey su su pol to be so. But 1st zone in north of syria but turkey is a composite economy all each day we. Try to be more foam or reduce the funds given to turkey and. For example put pressure on the negotiations because the e. U. Took the negotiations it went in not shouldnt and just keep going on but i ducked because of a german position is doppler but e. U. Really be very strong but of course is changing regularly because of appropriations one more keen to work to osco governments to be firm and thats what we make a difference in the future. Here are manual time on the expert in geopolitics thank you for your time and your comments. And an attempt to curb the spread of the corona virus the time governments lock down a vast swath of the north of the country a drastic measure comes as the number of infections in the worlds 2nd worst hit country reached over 9000 growing by more than one and a half 1000 overnight while the number of deaths has risen by almost 100 since yesterday amid the latest restrictions uprisings broke out in a number of jails besides amends for improved conditions prisoners have been reportedly angered by new rules which have seen a suspension of family visits this what it shows a group of inmates on the roof of the sound of a tour prison and a lawn burning items and shouting for freedom but the most severe revolt was seen in the Northern City of medina which left 6 inmates dead and in sicily the relatives of some detainees gathered near a jail concerned over a potential prisoner infection. 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 that right now an ambulance has just gone 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 as different measures at home as. We discussed the prison protest as well as italy and europes response to the Coronavirus Crisis with political analyst paul it rough on he believes that u. S. Efforts have fallen short so far. The president. Used. Outcries reasons and try to get the permissions to return home at least. So. Quite. Measures to be increased reasons course. The inmates are very close to childbirth the possibility oh well the virus is there but. All this out proceeding is. Largely not just definitely. This is a bit of far mismatch in the provisions that doctors but on the other hand they say say that means italy is a democratic country and there are a number of interests to be taken into account you have as confidence is and can intervene above the Member States but even in this case because versity 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. A streaming Service Called brit box in the u. K. Has slapped a warning label on all the episodes of the b. B. C. Classic dr who falls complaints that the references to Chinese People in an episode from 1977 were racist that absurd in question title the talent of wang chan has a white actor made up to play an east asian character the terms used in the programme to describe his appearance are branded as unacceptable it is really hard to watch because yellow face is so on except for now when you are somebody who was called in your childhood as i have been it is so hard to hear that word and not feel immediately a trigger reaction of how wrong it is. Now to break down the story were joined live by a political commentator and new York Observer columnist under walker and political and social commentator mo and so are both of you are very welcome to the program mr walker if we could go ahead and start with you you know you get warnings if theres nudity or you know cursing in a program why not a warning for offensive language as well. Well that was a loss that brit box did sense i mean i thought he was a great shame that theyve removed the character alf garnett which is a joke attempting to insult somebody who was racist in the past well ive not seen this particular episode but obviously there were practices in the past the difference the practices now and i think youve got to be firm reasonable life moves on now i think actually we should have access to films and videos and t. V. Programmes that were made in the past even if they include content that might be deemed offensive today the reason is because its all very easy to talk about the past in negative terms but progress is the nature of progress is that people in the past will seem to be backward well they are a little bit backward compared to most but i think theres no harm in being able to watch those programs anyway 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 which i genuinely think. Mike can see you shaking your head there did you disagree with something. Where did we start. Firstly when i went on trade talks about using himself as a cultural counterpoint upon which we are to measure things im for one im getting sick and tired of having rightwing pro tory pro far right male journalists of commentators telling black people or muslims whether they should be offended or Chinese People whether it should be offended a white thespian being made up in yellow face and then using offensive language which would be as a sense of is for any other cost or creed and then some are saying well you know its a bit of an im one comes with im a im a doctor who found my twitter timeline is littered. With embarrassing pictures of me forming over daleks and. Tardis is todd caesar todd im not sure but anyway my kids dr who founded we dont want to go to a whole life but gone it and some of these. Hot mom or old style comedies we are now looking at through new eyes society is moving on to become a more enlightened we have things like the Race Relations things like the equality at weve had you know huge advances made in gender equality in nonbinary inclusion as well as different races and ethnicities now we sure saw a black female dr who at the beginning of this year working with jody which was john martin i think who comes in holby city you know the b. B. C. And dr who and the writers who are fantastic are trying to move us forward and things like this there be embarrassing is a bit creepy squeamish nobody wants to look back god forbid you should be a young mixed race or a chinese person leaving a britain today watching these things and being horrified as many people in the before may not have said they dont like it i dont want to be entirely revisionist but if were talking about churchill or were talking about roads or talk about white washing aspects of history i think thats far more important but its absolutely wrong for me to mansplaining or anybody else somebody elses pain and somebody elses what they may perceive as being you know how are seeing or somehow hurtful to their feelings we do need to include some of these things and we need to include their feelings in their discussions this stuff is outdated and really we should do better under a they are leaving these are they havent removed the absence theyre just putting a warning label on them is that not ok. Well look theyve theyve removed some called science and they put warning labels on others look the slight problem is having not watched absolutely every program were referring to in this discussion its quite difficult for me to judge but i would make one point 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 shoe or this issue that actually is a positive read and i said im sick and tired of a mentality and i feel like i want to leave i believe its a fair go and i was right now no i did momo we have the smoke we have this conversation every time my turn to speak now then you get to speak and this guy doesnt know its a kid this guy doesnt know its a kid look what the truth of matter is that i think that weve 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 that to me the joke was that somehow you know beholder yes hes 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 its his character bharats part of what was funny about bharat was that he had ridiculous outdated views of jewish people he was a massive fundie semites so could you know caricature racism or ridiculing it is an important part of comedy that i would stand by in terms of yeah this is you this isnt a good island where this isnt this isnt about it what i was i know i havent had sex and now my wellies i smoke we have this mo we have the smoke we have this problem every time i might and youre going to have to give way its also an entree i why the nervousness doesnt work you know down to what i already get them going across and if youre both why not same time i dont im not hung up kind of hang on hang on let me answer that let me answer they set me on stage because im getting pretty sick of being invited on this network from oh im sorry to accuse me of being a racist a white supremacist if you threatening remake isnt going to defending rightism on the very thought that of their own mind defended her his eyes know her ive learned i mean maher you. All right then if i can just. 2 tell them im going to the next quite and im going to say i could go there so i could know we cant move on no we cant move on hes raised the white supremacist he could be sued this property that justified the allegation that im a white supremacist go for it im more than happy to you by supporting tories and islamophobia on the far right and all of those interests you supported and all of those things you shout into it in the light ok and no i dont mean i know you are defending a race doesnt have to be i see on the program i discuss you decided race is that henri so if we could come back to this story please ablow i want to ask you why are you going to listen if you want that d ok ok ok let me just say that so let me just say there is most support. Your question if youre going to believe. That i dont. If im wrong ok or you are or im trying to say why dont we talk about dr i just i want to say one of them completely on problems talk about everything but i just take a pause are right and i was making the point that some of these Television Shows that have been considered offensive or whatnot have been left on the streaming service while some are just getting this label of offensive does that not sure theres a bit of a double standard here and its just about the money if somebodys going to pay to watch that show then the leave it on and just put on a label rather than taking it off. Yeah i think you know about one thing box desperately need viewers because netflix is absolutely smashing it right now and i cant wait for the next series of stranger things. As far as brick box is concerned they combine this kind of publicity not really you can get this kind of coverage so theyre probably quite happy theyll be some people people i know probably the Media Press Office quite happy some of these things will be run however you know these are outdated and we do need better systems in place i think when the Center Ground in society shifts and suddenly we see far more racism seeping through people emboldening and defending racists and defending White Supremacists like pro. Trump ians or or go Boris Johnson from number 10 did these are worrying times and its up to People Like Us i hope who are here to stand up for a secular freedoms modern values British Values about tolerance and love and respect and its about time we draw a line and say look this is whats an acceptable then its not acceptable now and im sorry to use the word chink or paki or anything else but ok we cannot use that word on these programs only if i do ill try to argue. But as a judge but as a judge as a judge i pod adjusted if you as a journalist im entitled to talk about this is within with some level of professional academic freedoms now the problem is those that kind of language is absolutely wrong nowadays of anybody to say this is mockery or comedy of freedom of expression this is racist language ok guys im afraid weve run out of time were going to have to leave it there it may be more one final im so sorry were out of time altogether Andrea Walker about a little commentator and new York Observer columnist author and i know and our political and social commentator