Mine doesn't sound this bad but I can definitely hear a squeal when turning. When I jacked the right front wheel up, I could hear a squeak. I'm thinking steering idler arm bushings.......

Listen to the first video, the cars on youtube's subsequent play list do not exhibit the same symptoms as the first video listed (captioned; "The most terrible noise I have ever heard from a car").

https://www.youtube.com/watch?v=iqOh1q8J1zM