tv The Coming War On China 2017 Ep 2 Al Jazeera September 16, 2019 3:00pm-4:01pm +03
politics for 40 years for him it would be a mistake to think that fake news has no impact on american alex moral behavior here's what's happening in our politics people are consuming information entirely different ways that we used to you know when i started doing presidential campaigns when jimmy carter you know has an office i mean we turn on the news at 630 at night and we'd watch 3 networks at once and that was the way america essentially consume news now there is a constant flood of information both on television in the cable environment and particularly online you know that that online consumption of information is having a real effect on things because what's happening is the legitimate media is being supplanted by you know this fake news where people get information which sounds like it's real and true but has no basis in fact and in fact much of it is just made up and delivered you know by people who are attempting to you know affect the outcome in the election by introducing false narrative and information into the
flow of information so you know so yeah i think it does have a real impact. like of regard for the truth became more apparent than in any other us presidential campaign. according to politico fact an independent fact checking websites only 4 percent of donald trump statements during the campaign were true false information was constantly circulating in fact it became self-propagating you have to look at our media landscape and how americans get their news nowadays conservatives get their news only from fox news or alternative sites like breitbart so that's the only news they see and they view the manged what they call the liberal media the mainstream media with distrust and they don't believe the kind of c.n.n. new york times washington post so they are only getting their news or large most of their news from very slanted sources. and so. what trump will say trump picks up
his information from the same news sources these voters hear something conspiracy theory and breitbart news or something on fox trump here is a 2 says it and the viruses are i've heard that for the on the news and i heard that from president trump so he must be telling the truth if they're in a silo and it's really hard to break out silos so it's a self reinforcing cycle of mr. became more difficult to discern fact from fiction to traditional press was press the side sort of a way that these campaigns have you know traditionally been covered and. and that model of campaign coverage was not sort of created with donald trump in my hands trumps disregard for making true statements is something that a lot of reporters have had trouble dealing with as we're not used to it we're not used to politicians or press people just sort of straight out lying the mainstream
media is disrupted and because the mainstream media is disrupted truth is disrupted and if the truth is disrupted you can just spread your information that. i didn't know that corruption has reached a level like never ever before in our country. 8383 will serve boulevard and address among the most prestigious offices in los angeles behind these windows at number 1000 or a few companies that would seem to have no connection. the 1st is brit regarded as a platform for the so-called right. the 2nd is going to ring steel it's a small audio visual production company and these companies are linked to a billionaire who's rarely in the public eye. his name robert mercer.
he is co c.e.o. of a hedge fund firm renaissance technologies whose ranks has been climbing since 1903 . carol cadwallader has been investigating this computer engineer turned billionaire robot. he is an absolutely brilliant scientist. really pioneering work. in the sixty's and in the field of natural language processing which is the base of. basically and he was several right at the start of it and working out how to do my machine translation between languages so that google translates which we use all the time. to send and of the work that he did you know he is without doubt one of the brilliant computer engineers of his generation and he was just an ordinary
middle class guy doing a professional job and he got an offer from renascence technologies this hedge fund . and he did. it was in the early ninety's that robert mercer left i.b.m. to work for run a song technologies. there he applied his methods of calculation on the stock exchange in order to predict its fluctuations. technologies he pioneered. algorithmic trading which now is you know a massive field written service is something which still remains a bit secret about hard to make profit in markets but the origin of it is in applying a. computer techniques to the data without worrying about fear of where the economy is going. what are the actual meaning of instruments or trading if you're buying
wheat. or if you're buying a car company. you don't really care that it's a car company or that it's wheat you just look at the performance of these over these stocks and the key thing was to view this just as a set of numbers by applying his mathematical tools robert mercer revolutionized renaissance technologies investment methods making it the world's most profitable fund into this. mess it became very rich source because the performance of the fund which he had his own money and. was extraordinary i mean if it goes up 30 percent 35 percent every year then pretty quickly you become very rich. robert mercer is known to be very private he almost never speaks publicly.
even google has a difficult time producing photos of the few that exist are always the same. there is also a poor quality video a public speech in 2014 during a ceremony in his honor. found out after ike this i'm sure i'll accept this award but i would have to make it all right on some topic or other for an hour now which by the way is more than i typically talk and in a month. robert mercer might have quietly enjoyed his new fortune but he decided to invest in politics. he's been recognized as one of the most generous republican donors since 2010. merce's donations appear to be motivated by his own special interests.
the political system in america is so broken right now because of the special interest money which floods campaigns i mean what happens is when the special interests have an agenda or if you're annoyed company for example and you'd like to continue you know drilling for fossil fuel you know or your polluter and you want to make sure you can continue to pollute you go in you support politicians who believe in your agenda politicians who will say for example that you know climate change is not happening because of bad made activities you know they will they will promote that publicly because that protects the special interests who fund their campaigns. robert mercer set up his own foundation. the mercer family foundation. headed by his daughter rebecca. but what exactly are these special interests he's protecting. it's hard to say since robert mercer never expresses his opinions
publicly anyway you'll never know what's going on in rabbit this is brian said just look that's what he's funding for the money that way and i think that kind of bill for the paycheck. to understand the ideas that robert mercer wants to promote we can. look at where he's been spending we can do so with tax documents declarations of the foundation's fiscal allocations for the years 2012 to 2015 mercer financed a number of institutes and lobbies among them the heritage foundation which fights taxes and economic regulation $1500000.00 the media research center which fights leftist media bias $12000000.00 the government accountability institute which tracks government corruption and publishes books against hillary clinton 3.7 $1000000.00 the heartland institute which defends climate
change skeptics $2800000.00. in new york he even paid for an ad denouncing the construction of a mosque near ground 0 in just 2 years robert mercer became one of the 10 most influential billionaires in politics according to the washington post's. and 2011 breitbart news the right wing online newspaper was in financial difficulty . mercer saw an opportunity and he invested $10000000.00 in the web site. the executive chairman of breitbart was a prominent figure closely linked to trump's campaign stephen bannon. a former goldman sachs trader he became a hollywood producer in the late 1990 s. he wanted to make films and t.v. series to promote his ultra conservative political views. mercer and then in our
very closely associated and by mercer associating himself with somebody like steve better that maybe that may be a clue it is interpret merce's personal views. in a few my. it's a ban and made breitbart an outlet dedicated to reactionary i.d.'s. you see that with the breitbart publications over the course of many years it was someone like bannon who just proclaims this publicly that they're going to take on these situations and they're going to try to deconstruct the government of the united states to pursue the agenda that they have which is to you know fundamentally change this nation and turn it into you know a place where people experience a level of division that i don't think we've seen since you know going back to the civil war. robert mercer had built a political media network. to promote his ideas he was only missing one thing
a candidate. in 2015 he began by supporting texas senator ted cruz a figurehead of the american far right. but after donald trump surprise victory in the republican primaries he placed his bet on trump. robert mercer created a pro trump political action committee called make america number one endowed with $15000000.00 his role in trump's campaign quickly expanded. in july 26th seen a dinner was held in a hotel in new york. it brings together among others rebecca roberts mercer's daughter and donald trump the dinner resulted in key campaign changes. trump's campaign manager was replaced. the chair of making america number one
record mercer whose family also fund the super pac. was able to influence the trump campaign to hire stephen bannon as campaign c.e.o. . steve benen became donald trump's campaign director. kellyanne conway who headed the merced. political action committee for ted cruz became number 2. david bossie a mercer family stalwart became number 3. robert mercer has assembled team was in place. bannon basi and conaway would from this point forward steer the republican candidate strategy. when the merc versus decide to support a candidate they expect the candidates to be responsive to their needs both in terms of how the candidate runs their campaign it also after if the kid is successful and there are and they are elected as an office holder it's reasonable
to presume that the mercers expect that the office holder will be responsive to the mercer's needs needs as well and their policy preferences. robert mercer his plan was proving to be successful. but a mistake was made that made steve bannon's role controversial. here's what was discovered by looking at donald trump's official campaign books each of these lines corresponds to an expense during his 5 months tenure there was no trace of payments for steve benen. but when we look at the payments made by robert mercer as political action committee one name appears several times. glittering steel a video production company. in total the company received $302500.00 from the committee in 5 months the company is
run by steve bannon. that would mean that his work for trump's official campaign might have been paid via glittering steel which would be illegal campaign financing. the campaign legal center decided to file a complaint. and . steve bannon faced a fine and an investigation by the justice department. we believe or we think it's possible that the super pac make america number one was subsidizing stephen bannon's work for the trump campaign of ai making payments abandoned through glittering steel at all see this consulting for the last movie production company located in california at the same address as and its own
consulting firm. glittering steel and breitbart are not the only companies tied to the trump campaign $8383.00 will serve boulevard in los angeles also hosts cambridge analytics a company that came under the spotlight for its influence in politics around the globe. cambridge analytical claim to have revolutionary data modeling techniques that can change political campaigning. it was a subsidiary of an english for and its role in donald trump's campaign is regarded as manipulation of public opinion. they say to really know someone he must walk a mile in their shoes. follow in their footsteps as they forge their way
in the world. shares these personal journeys. inspiring stories of people persevering on their chosen path. weakness documentaries. award winning programming from international film makers quit driving around looking for drug addicts on the streets of kabul just the arrest sets the stage men are demanding fast because no one hard. giving voice to the voiceless have you failed your mission to protect the civilian population but open your eyes to an alternative view of the world today. on al-jazeera. 0 world meets to arab immigrants who left the middle east and built exceptional lives over seeds. weaving into the
fabric of society of their adoptive countries finding success in germany and canada yet never forgetting their homelands of syria and lebanon. remarkable human stories of arabs abroad the politician and the inventor on al-jazeera. hello again i'm martin dennis in doha and these are the top stories here it out to sara saturdays during attacks on saudi oil facilities trick triggered a record jump in the price of crude prices lost about half of the initial surge after president trump authorized the release of supplies from american strategic reserves to fill the market gap if needed but the president also says the u.s.
is locked and loaded and was just waiting on confirmation as to who was behind the attacks despite yemen's hooty rebels claiming responsibility u.s. secretary of state mike pompei or is pointing the finger at iran for terror around denies involvement lawrence korb is a former u.s. assistant defense secretary he says president translate his comments may prove to be an empty threat well he said this many times not already. rainy and sharp now the u.s. role and didn't do anything you also use the term against north korea is rhetoric usually is not why actually goes the way i just think he wants as a conduit with iran was he trying to negotiate with rosen rouhani or are calming you when the meeting ballots are being counted in june is here after almost half of registered voters turned out to choose their country's next president official results aren't expected until tuesday for supporters of 2 of the candidates case 8
in the bill car we are already celebrating both candidates have claimed to have won the 1st round sunday's vote was too noisy as 2nd presidential election since the 2011 revolution and algeria is due to hold its presidential election on december the 12th the country's been rocked by protests since former president after those he's beautifully was forced to resign in april after almost 20 years in power. u.s. pharmaceutical company. has fallen for bankruptcy it comes just days after the company reached a tentative settlement with some of the states and local governments that a suing the company of a claims that field the opioid epidemic because it's us all to make a general. strike for the 1st time in a decade they want better wages health benefits and job security guarantees those are the headlines. again name now.
the election of the 45th president of the united states raised ethical and potentially legal questions. the possibility to undermine basic democratic principles has significantly increased. there will be no lies we will honor the american people with it truth and nothing else. the headquarters of a firm little known to the general public called s.c.l. group strategic communication laboratories is located in the heart of london. in these offices data scientists compiled and analyzed terabytes of personal
information. their objective was to determine what motivates human behavior in order to influence a. they specialize in psyops. which is. a military term psychological operations it's a whole discipline it's an academic subject it can be used in different ways. the firm is very clear about its services on its. clients include nato the british ministry of defense the n.s.a. and the u.s. state department. as c.l. has helped identify key leaders in afghanistan facilitating u.s. intervention. it's also organized communications for vaccination campaign
in ghana. but the company's practices remain questionable. it's a way of not cheap people that's the working towards better outcomes for them but it also can be used to manipulate people without being aware and it can and has been used by authoritarian regimes. the company organized protests in nigeria in 2007 to win fluence the elections. s e l also intervene during an election on the island of st vincent in the caribbean. a different example it is not just on his own parliament they have he just really moved it clear program of occlusion a stance pretty good luck candidate that can have
a problem because of the clinton 402 but for a player that has. ensured. c.l. sets up ultra targeted influenced strategies. the advent of the web and the vast amount of data circulating created an entirely new dimension of business. in order to extend their market as c.l. group created a new subsidiary in the us cambridge analytical tech 7 i wanted to suggest that a structure just doesn't take into it is it does it was it as any can bridge and into the cue ball fit on the ball and i'm so just. to create cambridge analytic. partnered with the american billionaire robert mercer a mathematician specialized in data. steve bannon served as vice president of the firm. from the outset the objective was
clear nothing less than a revolution in the election campaign process despite multiple interview requests cambridge analytical has refused to speak with us. but it's possible to understand the work they did by simply watching their advertisements political campaigns have changed they're no longer about running the most t.v. spots sending out the most direct mail or spending the most money they're about to spend the smartest money in today's political world what campaigns are getting more expensive in elections are won by small but crucial numbers of votes putting the right message in front of the right person at the right moment is more important than ever this is where cambridge analytical in our revolutionary data modeling techniques can help. it sounds like a more logical approach to campaign strategizing however the reality is more
complex and above all much murkier than cambridge and in that it was willing to admit it. since coming to the. united states the firm embarked on an unprecedented operation to compile data on the american population without its knowledge here's how it works. imagine that inside this car is mr x. like anyone he leaves thousands of pieces of personal information on the internet his address age income hobbies purchases religion and whether or not he owns a gun. cambridge and america legally bought this data from credit companies banks social security and web giants like facebook google and twitter. in total the firm claim to possess about 425000 pieces of data for over
$230000000.00 adults living in the united states. this is how they plan to use its traditional political campaigns use geography and demographics like age and gender to break down voters into target groups this can work up to a point but it misses the important personal details that really drive voter behavior we combine geographic and demographic information with up to $5000.00 data points of national political consumer and lifestyle behavior for every voter in the united states then we add a unique extra layer of data about personality decision making and motivation. this creates an unparalleled rich and detailed view of voters in the issues they care about so you know exactly who to target with exactly what type of message we call this behavioral micro targeting our team of data scientists psychologists and campaign experts can show you which individual voters you need to win over in order
to secure victory. the idea is to give people psychological tests and then compare the results with the in for. nation they already have on them to know what motivates them and thus influence their vote it's a technique that existed before cambridge analytic one if its inventor is teaches psychometrics at stanford university california his name is michelle kosinski metrics is basically a science of psychological measurement so basically have not is that instead of using question to ask you about your thoughts feelings experiences and past behavior such as are your well organized person you can basically look at your digital footprints and see what are you in fact i well organized person in real life. tests to determine a person's psychological traits are cold ocean tests they measure personality based
on 5 criteria. openness conscientiousness extroversion agreeableness and neuroticism. it's done with seemingly innocuous questionnaires that can be completed online like these. in 2008 michelle kosinski created the most famous of these tasks on facebook called my personality a questionnaire to learn more about yourself. became really popular we had over 6000000 people to take the question there and a large fraction of these peoples have donated their facebook profile information to us and from this information you can use. algorithms to transform this
information into very detailed and very i curate intimate profiles as a result of michelle kosinski hospital largest psychometric database in the world. a database he can cross-reference with the facebook profiles of the 6000000 people who respond it's. so basic you can turn your facebook likes into an actor it's a prediction of your political views religious views your personality intelligence happiness sexual interaction or even whether your parents were divorced or not people often ask me how accurate those algorithms are at predicting our intimate traits and i think that a great example comes from our recent study where we have compared the curacy of algorithms with accuracy of other people so what we did we took friends and family members of our participants and we asked these friends and family members to feel in the personality question as in the name of our participants now we would provide
algorithm with a set of facebook likes and have it do the same thing so based on your facebook likes trying to predict your personality the results of this experiment are staggering by studying 10 of your likes on facebook the algorithm knows you better than your call the. with a 100 likes it knows you better than your family. and with 230 likes it knows you better than your spouse now given how much food friends how many footprints we are living every day while using internet and playing of our phones. it basically means that computers can clearly know us better in many ways than even our close family members. prediction of human behavior through the combination of personal data and psychological tests shockingly accurate.
david kero is a media professor at parsons university in new york. modeled for months to retrieve the data that cambridge analytical had on him. he was amazed by what he discovered . this is the excel spreadsheet that they provided it is broken into 3 tabs core data election returns and models the model on the one hand personal data that the firm has gathered from the web and then my registered now this is all the voter data here and this is what would normally be public in voter records but it it's all accurate it has the day i registered to vote it has figured out my birthday my address the zip code down to you know all of my address it's connected to census information and it's connected to all the different kinds of elections so u.s.
congressional state senate state house state legislative then you have some consumer information here like the designated mark information and f i p s it is another kind of consumer voter code and when you're on the other hand the psychometric interpretation of his personality together that's how you can really 0 in and target the model is my profile so you can see the different topics were ranked in order of importance my registered partisanship my unreligious or partisanship you clearly see who their client was it didn't measure me as a democrat or republican just a very unlikely republican and you can also see sort of the model itself is in the interest of sort of finding. conservative voters especially conservative voters who might be registered as a democrat but are actually going to vote republican so being able to go down to the zip code level and then reassess see that to all other election districts
allows you to geo target. so precisely and that's how you're going to move the needle. in u.s. elections i think if americans knew this was happening and happening internationally they would be outraged. funded by robert mercer and headed by steve bannon naturally cambridge analytical would offer its services to candid donald trump. by late june 26th team partnership with a done deal. on july the 29th the 1st payment was sent to the company you can find it in the campaign account. with 4 payments between july and october 26th in cambridge an american would receive nearly $6000000.00. at the same time the political action committee for donald trump funded by robert
mercer paid cambridge analytic top $5000000.00 between november 25th and november 26th in. ultimately the firm would receive $11000000.00 to work with the trump campaign. a digital targeting strategy was made possible and set to run for donald trump. all that was needed was a way to put it to use in the american elections. certainly beat some camp which include cambridge analytical saw something in the american electorate that the clinton campaign and the media certainly did not see. it's been reported that thanks to cambridge analytic cuz knowledge of the electorate trumps advisors devise the highly targeted strategy based on the particularities of the us voting system. in the united states the president is not alike to directly by the people but by the electoral college appointed in each of the 50 states. not all states have the
same number of electors making some states more important to win than others. the trump camp suspected that they would not win the national vote so with strategists decided to concentrate on key states. knowing that they would lose the national popular vote. how do you win well you win by capturing the electoral college how do you do that you try and figure out a way of where you can go to appeal to relatively small numbers of people he was going to places that a lot of people thought why is he doing that he shouldn't be doing that he should be going someplace someplace else we didn't there was a strategy of looking at places that had been thought of as consistently democratic states states like michigan wisconsin and pennsylvania all 3 of which mr trump carried on in november. this was the strategy reportedly recommended by
cambridge analytic not to try to convince millions of voters across the entire nation to vote for trump but rather to target only the 10s of thousands the firm knew through its analyses were hesitating. if you are somebody who's. clever. and you're just you're looking i mean what he does algorithmic trading it's all about finding the tiniest edge is that tiny tiny tiny edge that you have of your competitors that you can leverage and make a massive difference and that's why you make the money and i think this idea of using data and the potential manipulation through a platform facebook is that can just be enough to give you that edge that then you can exploit through things like faith and all these other techniques and tactics.
here are the techniques that motion by the data scientists i cambridge and i'm going to be. using the information they had on the other words they defined 32 types of personalities throughout the country. it's believed that individualized messages were sent targeting those considered to be the most concerned about issues . discussed by trump during his campaign. the firm identified many such voters in 3 states wisconsin michigan and pennsylvania 3 states bay believed could swing in favor of trump. in a press release cambridge analytical openly explained its strategy. busy
there remains one question that the firm does not address just how did they reach these targeted voters. they did it using a little known facebook feature dark posts. they do 6 not all peers will bash his book on massage. and put us from digital event because from a search for certain movies you said because one of them a certain about but it's all of us and those i cannot expect out of it if decline the depth of battling this either yourself is a book i make them as such but also when they get if not can you that make critical mistakes are not so i thought as for this christmas as the above but it might have to pick. it's so dark posts are very personalized messages
visible only to the person for whom they are intended how does that work exactly let's go back to mr x. analysis of his online data i can determine whether or not he's in favor of carrying firearms a message can then be created targeting him did you know that hillary clinton wants to take your gun away. he'll receive this message in his facebook news feed at a specific time boarding to has happened and digital fingerprints. no one but him will see the targeted ads and it will disappear a few hours later. there's no record of them you've got no way of investigating that you have no idea who saw what and this is democracy taking place in darkness it's not democracy if you're going to have a political debate have it out in the open know who is all doing what and here is
being told what and the idea of just sort of like sneakily targeting people with who know what's on their phones and on their computer and with anything i mean i think they could have been saying anything we'll never know because that's gone when it's on facebook said it's is interesting thanks but they're not giving up. this digital strategy for the trump campaign was focused on the last few weeks. on november the 8th 2016 against all odds trump took wisconsin 523000 votes michigan 511000 pennsylvania 543000. in total 77000 votes in these 3 key states kerry trying to victory when he was 3000000 votes behind over the entire country. the digital targeting strategy had proved effective we can see that approximately 70000 voters made the decision
for everyone else because they were the ones in the districts that ended up deciding to really i think this highlights as well our electoral college system is a vulnerability that if software and data allows the most important voters to be easily. found it and diminishing the vote of everyone else effectively. politics and democracy was the next industry to fall we knew that technology interrupted newspapers in journalism and music and it was like ashley here is we've been talking all this time about how great you know technology is it. the next disruptive technology and i was like this is technology disrupting politics and and it's not just politics it's democracy and
donald trump is the great disruptor. after trump's election when 2 former employees at cambridge analytical claim that the front collected the data of tens of millions of facebook users i don't believe the collection was done in violation of privacy policies. christopher wiley was the 1st whistleblower he's the former director of research at cambridge analytic. britney kaiser the former business development director was the 2nd on march the 20th 2018 c.e.o. of cambridge analytic alexander nix was suspended after secret recordings were broadcast off next boasting if using fake news campaigns and honey traps to affect election campaigns globally. on may the 2nd 2018 s e l group announced that it was filing for insolvency and closing all of its operations including its
subsidiary cambridge analytical. cambridge analytical stated that it has been vilified for activities that are legal and widely accepted as a standard component of online advertising in both the political and commercial arena as. however the acceptance off this digital strategy continues to be challenged as the manipulation a public opinion becomes clear or donald trump's campaign strategy expose democracy to new threats however it also drew more attention to data technology is role and politics around the globe unless there were a significant change and privacy policies personal online dad out can continue to be used to destruct politics all over the world
hello no surprises in the forecast across the middle east is hot and dry pretty much everywhere we have got a few showers easing out as he heading towards jews maybe into armenia has about john because he wanted to shower 60 something in place here a little further south 30 celsius there for beirut 5 dry and sunny still into the forty's the kuwait city and also for baghdad as we go on through the next couple of days or 33 there for karate again generate dry a little more clout started to push its way in a little bit some places the plant across the arabian peninsula where you see that cloud you could squeeze a spot or 2 or 3 easily rain outside maybe to the northeastern corner of saudi arabia over towards the red sea a possibility of a little bit damp weather has set in the case too into the far south of amman over
the next couple of days here in doha temperatures getting up to 40 degrees celsius by choose they are no quite as hot as that but plenty of warm with plenty of decent sunshine across southern parts of africa cape town it around 19 celsius but you are in the high twenty's across a good part of the eastern side of the region 27 celsius which has bugs some of the temperature too for harare and not going up a touch by the time you come to choose day. in the heart of the amazon believe me in families that send lives in peril to harvest brazil nuts. which can sing the congo to the capital is an even more dangerous challenge. risking it to believe yeah. on al-jazeera.
hello i'm about this and this is i'll just see a live from doha also coming up with counting under way off the chin is he is the 2nd presidential election 2 candidates claim to be in the lead. and almost 50000 general motors employees walk off the factory floor to join picket lines and their 1st strike since 2007. oil prices have surged after the attack on saudi arabia's largest processing plant cut the kingdom's output inhofe. u.s. president donald trump says he's ready to strike out whoever was behind the attack all futures saw their biggest single day increase on record they opened 19 percent higher jumping almost $12.00 a barrel to 71 dollars and $0.95 but after the initial spike oil prices settled they're now up about 10 percent donald trump also tried to reassure the markets saying he'd approve the release of america's strategic oil reserves if needed so
how does that go for bringing begins our coverage these satellite images released by the u.s. government appear to show damage to part of the oil plant at alba kike inside the arabian they could prove vital in determining who attacked the plant and from where but looked like they were damaged in the north and west or to sell with these which would mean that they didn't come from yemen but then i've looked closer and other people who are close who are those photos and it's not quite clear looks like some was just from the west could have been coming from yemen but don't forget who the 7 launching drones and the missiles against saudi arabia are were several months now none of them have been able to cause the damage that needed these did but this is not new for them to do. who the rebels in yemen say they flew armed drones across
the border deep into saudi arabia to attack 2 major oil facilities if confirmed it's their most ambitious and devastating operation following dozens of smaller scale strikes in the kingdom in recent months but. we exploited vulnerabilities in the saudi defense system and we built our drones in order to avoid these systems therefore the saudi and iraqi airspace became open to us after their defense systems failed to even spot the drones. the u.s. secretary of state flames iran for saturday's attacks my pump aoe says there's no evidence they were launched from yemen although he hasn't explained how iran is to blame or where the drones took off from secretary powell has made clear that the iranian regime is responsible for this attack on civilian areas and infrastructure right are vital to our global energy supply and we're not going to stand for that in fact our department of energy stands ready to tap into the strategic reserves of petroleum reserve asked to stabilize the global energy supply iran says it rejects
the u.s. accusations. what is concerning is the wrong path of the americans in the region they are supporting saudi arabia and the u.s. in a set of consisting to the role in creating instability the point the finger at other countries in the region dialogue between regional neighbors is the only solution to resolving the conflict. the state owned oil company saudi aramco says the fires started by the attacks knocked out more than half of its entire daily output close to $6000000.00 barrels of oil the saudi energy minister says stockpiles of oil will be used to offset the loss of production but oil markets haven't seen a shutdown on this scale since iraqi troops invaded kuwait to start the 1st gulf war in 1990 and it's not clear how long. repairs will take the impact will depend on how quickly the saudis can restore full production. go for al-jazeera go out as
on those in washington d.c. to tell us more about donald trump's attempts to come and the g. markets the us has some of the largest strategic oil reserves anywhere in the world it's 650000000 barrels of oil that are an underground salt caverns in the state of texas and louisiana these are all oil reserves that are only supposed to be tapped in extreme emergencies and trump indicating on sunday evening that he is prepared to authorize the use of this oil should saudi arabia not be able to increase its oil production rapidly enough and there becomes a world oil shortage trump saying that he wasn't going to tap into this yet but would authorize it it gives you an idea of how worried washington is about these developments right now in terms of u.s. readiness trump also tweeting late sunday that the u.s. was locked and loaded those were his words on twitter ready to prepare preparing
a response to the culprits of the attack against the saudi oil facilities he said that the u.s. they believe they know who the culprit was but he didn't name it but on saturday secretary of state mike pompei o pointed the finger directly at iran in terms of this language trump is using these used it before as fire and fury and referencing north korea is used locked and loaded this terminology before as well it's unclear exactly what he means by that but given that he's the commander in chief of the world's most powerful military here in the united states those are words that must be taken very seriously and i would be hearing from iran's foreign ministry dorsetshire bodies to life for us in teheran what have they been saying dorset. well 1 according to the spokesperson for the foreign minister abbas mousavi said that these accusations against iran are not surprising and it's not the 1st time the united states government has done this the spokesperson said that it is
understandable that the people of yemen have a right to defend themselves and he reiterated iran's position and that is that they will help the yemeni people fight the aggressors that they see in this war that is saudi arabia and the coalition they rain ians have said that these accusations are absolutely baseless and there has been no evidence to back they've provided the u.s. government to show that iran was behind this the iranian foreign ministry spokesperson also reiterated that the iranians have a number of times put forth a peace plan to bring an end to this war in yemen in the arabian president as well on sunday evening said that the only way to resolve this issue is through dialogue with the regional countries involved in this conflict thank you very much indeed i want to go to rory child and is live for us in london rory just give us an indication how the markets have been reacting in europe in asia as they open up. yeah well when saudi arabia's biggest oil refinery gets hates when its oil
production for the day gets cut in half in an instant when global supplies go down 5 percent well obviously the markets are going to take notice of that sounds really the price of oil let's hugely in as the news reverberated around the world at $1.00 point it was up 20 percent that has come back down again now to about 10 percent in asian trading there are leaving is the the big countries can pull as we've already heard donald trump has authorized the release of u.s. reserves russia has also said that it could release some of its reserves that perhaps is what has helped bring down the oil price to about a 10 percent rise so this is the kind of thing that's going on in the markets of the moments as we go through the day in europe we will see european markets probably follow suit with turbulent trading overnights in asia there were.
contained there was contagion in the broader markets but it wasn't huge in china and japan except for the dip in general markets was from about nor point 3 to 1 point one percent so traders around the world are taking interest they are turning to what is perceived to be safe havens like goals so the gold prices going up about one percent or oil is a hugely politicized commodity it is something that fluctuates wildly in terms of when in times of tension particularly tension in the middle east and we're seeing that right now we are in the oil and ages the supply of the products that powers the global economy and when you get words from donald trump like we're the united states is locked and loaded that shows the kind of a rain that we're in at the moment rory things. very much indeed let's pick all of this apart with all ages it is economics editor. word using the phrase futures
prices and so on i have no idea what barriers what are we talking about ok to answer your question just look at the airline industry because the airline industry the one of the biggest costs they have is fuel and so what do they do they do to make sure that the price that they pay today is the same as in the future what they're trying to do is the hedge their bets so each contract each futures contract is a contract to say i want to purchase oil in the future in november december january february so you might say you know let's buy the oil at $30.00 a barrel on that particular date and you you will go to the trader ask him to buy that contract for your on your behalf and the speculators will actually jump in the market say you know what we'll buy that at that particular price because we think we can make a lot more more more money but you as an airline or you care about is making sure that your oil prices your fares for your jet for the general public are kept stable
throughout the year because it's your biggest cost now you might say cynically that you know airlines as soon as they see your prices rise they usually put a pair for the new you be fair to say that it's fair to say that no if you as an individual or yourself you want to buy a contract you would have to buy a minimum 101000 barrels of oil that's one contract which is roughly about $66000.00 now if you've got that kind of money sitting around in the safe or something you can you can actually play in that in the market so you can see it's very much for sophisticated investors who want to speculate on where oil prices are heading in the future so given the spike that we've seen which is significant and we've acknowledged that how does that compare to the reaction of markets when we've had previous circumstances like this is this any different so the last attack on this particular field was a failed attack. now oil prices in that instance only raised by $2.00 this war is
a lot more sophisticated and so we're still in the in the in the arena of trying to figure out whether it was drones or whether it was the cruise missiles aware that she traveled now the fact that they traveled 500 kilometers whether from iraq or whether from from yemen is a real. thinking put forward for those geopolitical and defense some least a figure out what happened how did they fade the patriot missiles you know what was the defense systems in place now side oraibi has to get back to drawing board and say how do we protect ourselves from this and this is one of the crucial questions that everybody will be asking over the next few days how can the world's global crucial global sites come how can we protect good to talk to robert thanks very much indeed. for the rest of the day's news ahead including how palestinians are using agriculture to protect their land from illegal israeli settlements. and rebuilding the bahamas the clean up operation resumes in the islands battered by a tropical storm and her.