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tv   News  RT  August 18, 2018 9:00am-9:31am EDT

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mexican president elect on that as manuel lopez obrador announced in late july a plan to invest billions of dollars in pemex the country's state owned energy company this plan aims to reverse years of decline in production appendix the country's existing refineries have been operating at less than seventy percent capacity seems twenty twelve according to mexico's energy department requiring the country to import more gasoline diesel and other refined products part of a lot with obrador strategy involves invest in some two point six billion dollars to upgrade refineries as well as build in at least a new one for approximately eight point six billion dollars or bridge or also refer reaffirmed his intent to review more than one hundred exploration and production contracts awarded to private oil and gas company and gas companies since the controversial twenty thirteen reforms which let's remind our viewers open the
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country's energy sector for foreign investment for the first time in decades so it's an ambitious plan to boost mexico mexico's oil and gas production but critics say it could potentially slow down the country's energy reforms and obstruct trade opportunities for u.s. refiners and pipeline companies that have already ramped up exports in order to meet that growing demand in mexico sir merican companies are going to keep a very close eye on what's what are the developments going to be under the new president any effort to scale back reforms or even increase mexican energy productions could jeopardize some two hundred billion dollars in foreign investments planned for the country's oil and gas sector we have to point out that mexico's energy reforms are protected by its constitution and obrador has said that he will honor existing contracts so long. they don't reveal corruption but it's
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also an expensive plan and many mexicans are asking themselves how is obrador going to pay for it and will this mean more taxes for a mexican so this still many unanswered questions but the new administration message the new administration's message is very clear they want a more efficient and less dependent on oil and gas sector from mexico. and earlier today you have president donald trump proposed moving away from business quarterly reporting to a six month reporting for companies the proposal would require a change by the u.s. securities and exchange commission and some say doing less reporting would allow companies to more freely make long term capital investments while others me included say the loss of transparency could open the door for nefarious business conduct what more on this debate in the coming days and right now the time to squeeze in a quick break but hang with us because when we return hillary for which the c.e.o. of straw mark joins us to talk about brecht and the rough road ahead before the
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united kingdom leaves the european union next march plus while involves murder from i.h.s. market joins us to discuss how the trump terrorists are impacting livestock and me stay right there will be back in a flash. crazy conspiracy they're there they're all were there. the bus forget about the back of the buses run them over because they want rush limbaugh wonder bread and fake news to you that's america. that's a very rough terrain so it's rough climates and you have to fight to be able to
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afford. it was gunshots on top of them and so many friends who would have been have been even not. don't think. you know i don't want. to see it but a body in the truth when these are the two punches but in the good. old who knew what we did. you don't think about these three of these so going on you've got three to like and you know and the other patients. welcome back there's more earnings news home depot reports sales increases in q two of eight percent badly beating the expert estimates of six point five percent it
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appears the slowing housing market has not yet made an impact of the on the home improvement chain late last year home depot announced a fifty percent increase in capital spending to eleven point one billion dollars over the next three years for more and improved physical stores the brick and mortar stores the company says those efforts are already paying off and assisted in a ten percent increase in contractor business and a smaller increase in do it yourself consumer sales the company has now up their earnings estimates for the rest. in the year to seven percent. compensation for chief executive officers at the footsie one hundred companies in the u.k. have made an incredible increase over the last year rising eleven percent which pushes c.e.o. pay up to almost four million pounds annually about five point one million dollars we'd all like an eleven percent pay raise each year when we however the average increase for workers at those footsie one hundred companies grew by only two percent the data reported by the chartered institute of personnel and development
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and the high pay center disclosed a full time worker on a median salary of about twenty three thousand five hundred pounds would need to work get this one hundred sixty seven years to earn the median annual pay of c.e.o.'s rachel reeves a labor party member of parliament reacted by saying quote when c.e.o.'s are happily banking even larger bonuses will ever pay is squeezed then something is going very wrong ms rich chairs the business energy and industrial strategy committee which is leading an examination on fair pay in the united kingdom. and we know if you talk about the u.k. and breck's it are most pleased to be joined by our friend the c.e.o. of strong mark and u.k. u.s. dual citizen of the i recall the worldly hillary ford which hillary thank you for being here great to have you back you're welcome so i first bickering at the bricks and i want to ask your thoughts on that headline that we just did about the incoming equality gap you know we talk
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a lot about that and you've actually helped us on this program in the in the u.s. but it seems the u.k. is not immune from income inequality now it's not and you mentioned the labor prime minister reeves she's got a point just in terms of these compensation committees don't get the compensation committees to have to please the c.e.o. so what are they going to do however i think is a great move towards it being based on compensation being based on successes and also k p i's keep performance indexes i do want to mention. this is two points here just think about who the c.e.o.'s are bought you know fifty one percent of all the c.e.o.'s on the footsie one hundred their accountants by background who becomes an accountant these on aristocrats the slight inherited wealth these are people who have made a great strides in the business community by studying accountancy and working for many many many years and working their way up also now the number of tech c.e.o.'s has trouble over the last four years so you've got one in nine of those c.e.o.'s are tech whizzes who are they they're also not aristocrats or inherited wealth
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these are all people i believe particularly in accountancy and find that sort of work their way up they've worked very hard and they try to earn it and i think reason to look at the upward mobility ever since the american banks went into london j.p. morgan chase back in the fact she is it's become a meritocracy you know there was talk about you know it's a young rascal but it's there's a lot of us all know but it's become the lads making good this is no longer inherited wealth these are hardworking british citizens who have become successful through their own hard work and reach should be happy that some many people have had upward mobility through this system in the financial sector and i totally get that you know people that have spent their entire career should be compensated at the highest to get the most money best and the brightest but it just does seem like such a big gap and that gap you know i can certainly see why average folks or you know concerned about it and that's why don't you have to we have to tie it to that conversation needs to be tied to k.p.
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i keep a four month indexes so we get a break bricks it so let's see in foreign minister met this week with mr hunt and said look it's only a fifty fifty chance of getting the brics that deal based on the checkers plan. the minister the charge of trying to work this out as such and the checkers plan is a nonstarter but what's going on here what is a checkers plan and. what chance does the u.k. have of reaching a deal first of all theresa may have said no deal is better than a bad deal the check is plan is a twelve point plan it came out of the meeting at checkers which is the prime minister's retreat of the twelve point plan covers sort of everything from budgetary issues like the u.k. will no longer contribute to the budget it did address the date that the dates to world main the march two thousand and nineteen but the full implementation won't go into the twenty first it also covered something called the common rule book which is to cover overall trade and overall negotiations bottom line it's sort of like
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the norway deal things will be regulated but in the more in the favor so the so that britain is in control that's what britain wants however if you ask the tias is a check is planned good they'll say well we're still too tied to the e.u. if you ask remain as is it a good deal they'll say well it doesn't prevent protect our financial services sector in many sectors enough it's a fine line to walk. i mean. they got to do this pretty quick you can't just do it you know in february of no general he's going to be implemented and to me it seems like the u.k. is really not in a great position to be negotiation because it's more important it would seem to be for the u.k. to have this deal than the e.u. is that correct remember this no no i'm not i'm not going to say you're wrong but remember this ok we've got bussell brussels bureaucrats who by anybody so who to date sort of really report to the european leaders let's take
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a good example germany germany in germany one out of seven cars is exported to the u.k. ok there's a huge deficit overall britain has an eighty billion dollars trade deficit with europe in other words europe import export eighty billion dollars more of services and goods so you think the european companies that want to trade with great britain oh they absolutely are to a big more so don't forget all of those leaders are under pressure by the c.e.o.'s of their company in germany i mentioned the cars we've got all the white on white goods dishwashers and washing machines everything that comes from europe comes from a c.e.o. and that c.e.o. is putting pressure on their leaders angle markel is in a terrible position i would want to be in her position she's been pressured by the brussels bureaucrats and by her own c.e.o.'s so my answer is look britain is going to maintain maintain its global leadership role it's the fifth largest economy g.d.p. wise and the european nations want to trade with britain who are forge c.e.o.'s strong mark thank you so much you really great operational way.
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retail ground beef prices in june were at three dollars and seventy three cents per pound in the us that's up four cents from the previous month up five cents from the same time last year retail ground beef prices have been less than four dollars per pound so for twenty nine consecutive months and now we look at the impact of the tariff and trade worst on lived. and meet i ask a true expert rylan malts burger the associate director of agricultural economics and country risk at i.h.s. market here's what he had to say. a while and we know that soybean prices that we've spoken about in the past have an impact on other things including he'd grains i mean how are things going with regard to things like beef cattle and feeder cattle are they being impacted by soybean and corn prices. it actually is
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a benefit for the domestic producers to have lower prices of grains with soybean meal and corn within the u.s. and so what that provides is an opportunity for expansion in some of the meats to not have to have a higher price because the amount of exports going to china is not really affected it wasn't really a big market for the us livestock producer for beef it least and so we've seen that really not be affected in the lower input prices feed this is a benefit to those producers now so actually that could be a trade war is could be in this case helping cost of beef price of beef producers because of the reduced feed price it could the only difference here is that within the us we're a major port producer and we've really expanded pork just recently as well and now the lower prices help them produce but port has been the one that's been terrorist from china we've sent about seven percent or so the year before in which we're going to see that lower now china did have a lot of production this year and we didn't expect and have
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a lot of imports of us work but with the expansion within the u.s. over the last couple years we're seeing that we're going to have a little bit of excess supply and that's really going to press down on the domestic part prices good for consumers not so good for producers not so good for the producers let me ask you on the trade thing in general rylan i mean have you ever seen anything like this the sort of trade war that's going on. we have as an example within kind of microcosm of agony and nixie textiles so i also look at cotton and what we've seen a few years ago is because of policy semesters within china they lowered their imports of cotton where they had a very large amount of imports and so they in essence put up a trade barrier when they were the largest importer globally and so what we see is we see these extra now these are different offsets happen so instead of importing rock on what happened because of their tariff the global community started
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exporting to bangladesh vietnam thailand india these other locations and then they were spinning into yarn and then because of ultimately trade barrier they sent the yarn to china and so what we see it with in many of these cases it hurts certain industries and then all other ones but mostly a net net zero gain in some cases last question rylan when we you got me thinking there which is always a problem i guess in some quarters so what are the large companies that are being most impacted we talked about producers being impacted with prices maybe it's going to help the beef beef and cattle guys but not so much the corn in the wheat guys but talk about companies that you know eighty. con agra cargill how are they going to feel the pain of the trade wars or will they. well they might benefit a little bit it's going to depend on which location that they are at and where they
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have facilities the most so if there is the brazil there's a potential there for them to get some arbitrage of moving beans around from brazil and out and to move some down to south america or but if they have potential crushing facility it's a story of beans with china that means that their input price is going to be higher and so therefore they have to try there so there's who are being a will be meal at a higher price domestically within china so there's going to be some pressure there for their margins for like the traders movers around the globe in that case it's always helpful when you're with us right now in malta berger the associate director of agricultural economics and country risk at i.h.s. market rylan thanks for your time again sure appreciate it thank you very much. and that's it for this time thanks for being with us and as always catch gold coast on directv channel three twenty one dish network channel two a day or streaming twenty four seven on pluto t.v. the free t.v. at channel one thirty two are always track us down at youtube dot com pleasure both
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of us archie had a fantastic weekend will see it. when lawmakers manufactured them sentenced to public wealth. when the ruling classes to protect themselves. with the financial merry go round the certainly the one percent of. the time we can all middle of the room say. the real news is.
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virtually never great was founded on the rates in the murder. nothing changed so we said no response so these situations that we're dealing with. people get sad every day she has to stab people kill each other blood for killing children. out. there was just no way that people are going to just sit back and allow children to be shot down law enforcement. this country doesn't work for us it doesn't function for us. this is can't be happening in america we call from the streets we've got to deal with why this is the reason i have to ride like this is the reason.
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i know that and i'm fine and i'm going on saturday and going to plan now hons if i'm going to point the. line in his dream he would be would it be that easy to find a friend that i had in me. yet. this is. good but i think i might get a little bit of that are little bit better at that i don't have money coming over a little late but i'm not going to get but it. is. somebody to. see.
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top stories here on r.t. international the rebuilding of war roughish syria is underway and we visit one of the worst hit cities to witness the reconstruction process also. will meet in germany later today with syria. both on the agenda. oh my god let me come to. find out that. two palestinians were killed during a protest in the gaza strip where demonstrators attempted to break through the border fence with israel.
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welcome to the saturday program here on r.t. international just off the eleven am now here in moscow that's straight to. the syrian army now reestablishing control of the country a new war is being fought against the destruction that was wreaked by militants and terrorists at the rebuilding of key infrastructure is under way and here on the program we traveled to syria to witness the recovery efforts first time. much of the city of aleppo is still in ruins reviving it to its former glory is a task of gargantuan proportions and with immense political and economic importance the citadel of aleppo has become the symbol of the city's resistance.
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but aleppo is much more than just a maze of antique streets and attractions from history books. the militants the stolen computer units with chips for the machine they destroyed the factory purpose they wanted to damage syrian industry as a whole and specifically in the street in aleppo reviving this that was. one rebel control of this area they emptied and basically very functional hunkered. down one of the events but now this is the industrial have been slowly getting back on track things are finally looking up for
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the people the last. two years ago during the war we couldn't even open our shops the shelling snipers were everywhere you couldn't live under such circumstances we cover the roof of the building back then so that we could take cover it was unbearable we took shelter for about half an hour whenever the shelling started we just locked ourselves in here thank god now we can work peacefully day and night we just hang around. just like the good old days the undertow a little the atmosphere is really good around here the weather is nice everybody is feeling safe and it's only getting better you can see getting better day by day land them up let them if i was lucky enough not to leave my home high and this is the district the rebels couldn't get to about the time there was a blockade once but it was firmly lifted now same god things about are despite all the same being true we're no better come on home at the market when you know it's
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safe and you can return home the fear that if your house lies in ruins you can still fix it the main thing is it's safe now. historically the city of aleppo has been the economic capital of syria and now with the war born finally some traders are coming back to the streets. of reporting from aleppo in syria. meanwhile the u.s. state department says it will redirect american stabilization funding planned for syria through other foreign policy efforts washington says though this will not affect its humanitarian assistance program meanwhile saudi arabia has pledged to contribute one hundred million dollars to syrian reconstruction efforts however the money will only go up to the northeast of syria region under the control of u.s. backed kodesh forces. and while the some programs are cut the others still remain in place but the u.s. saying it will stay in syria for some time yet to battle terrorists we are
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remaining in syria the focus is the ensuring defeat of isis we still have not launched the final phase to defeat the physical caliphate this is actually being prepared now and that will come at a time for choosing but it is coming joshua landis head of middle eastern studies at the university of oklahoma says there are multiple competing interests in syria the united states does not want assad to become too strong there are hoping. keep leverage in order to try to push iran out of the country to get a better deal for the kurds and and of course they're also worried about what's going to happen if their province where there is very complex negotiations and and russia is at the heart of that so there are many competing agendas in washington and as long as president trump is not spending a lot of money there i think he's happy to keep a few thousand troops if that increases america's leverage the united states does
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not want to spend a lot of money and that's quite clear and many people have been complaining bitterly about deaths typically in iraq and other areas that have been quite badly destroyed they've been pressuring a saudi arabia which just said it would spend another hundred million in syria stabilization they've been pushing france and and european countries to try to get them to spend more money rather than washington this has been one of president trump's constant refrain is that others have to pay for this process. traveling to germany today to meet with. the two leaders will discuss a number of pressing issues and find out what those issues are crossing live now to button. joining us live on the program good to see you again donna so what six minutes past ten in the morning where you are there and your expectations for today . president putin have
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of course met multiple times on the sidelines of various events and summits. specifically. solo this is the second meeting between the two leaders in a matter of months with merkel having visited the city of sochi back in may this fall so his message has been quite clear this is a working visit don't expect any groundbreaking results to spot that though it has been hitting the headlines media discussing who could get. and walked out of this meeting can any progress be made on who will come out on top all of those very key issues now all remain coldly realistic and pragmatic on these talks said mrs merkel has maintained the importance of maintaining a relationship with russia and of maintaining that dog and communication with their partner key parts of this of course will be on the syria question as the active military phase of the conflict simmers down tensions and differences between global
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leaders on the outcome of this conflict remain as salient and as wide as ever and mrs merkel has said this meeting is an opportunity to find some common ground on those differences. he says his thoughts can and a meeting on syria between germany france russia and turkey could be useful if needs to be well compared there's the reason why there is no date for it yet we are working on and prepare to a meeting of our advisers and asked who worries who will decide whether such a meeting makes sense. the other two leaders have clashed on multiple occasions mrs merkel has been a fierce critic of mr putin over the years nevertheless in recent times though they have been pushed closer together by circumstance into a sort of marriage of political convenience if you will this has been caused by a rift between the u.s. donald trump and europe with both countries falling victim to trump's economic
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tariffs russia being pressed by sanctions of the u.s. more to come on the back of the chalk screwball poisoning scandal and merkel being a target of criticism by the u.s. president for being so called captive to russia because of russian gas supplies the latter will certainly be something discussed on the table as the north north stream to part from project pushes ahead despite both criticism and controversy now last the ukraine an issue that's been a form in the side of russia u.s. german u.s. relations since twenty fourteen will also be on the agenda the implant implementation of those minutes accords and peacekeeping operations something that will be discussed now the two leaders do have history as the presidents and prime ministers of the u.s. u.k. france of come and gone merkel has remained stalwart in the face of these changes this is an opportunity for her to affirm her position as one of the leaders of europe if not the leader of europe an opportunity for mr putin to take steps
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towards ending russia's international isolation ending those sanctions and despite their major differences they do have common ground for example on the iran nuclear deal on various cultural economic issues and through michael's knowledge of the russian language which is knowledge of germany now that you have always maintained at least make ordeal relationship. well we don't know each other well enough but i'm amazed by her ability to listen. and. this is because i don't still sit.

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