>> i think fundamentally the changes in latin america.eality is, the summit is at a crossroads. it begins in 1994 presided by bill clinton as a proposal to implement the free trade for the americas, take nafta into the entire region. the reality is, by 2001, you have hugo chavez at the summit criticizing free trade for the americas and the imposition of an asymmetrical order. by 2005, that entire process is derailed when you have the fundamental changes in brazil argentina, bolivia, and ecuador. the summit is really at a crossroads in terms of what it seeks to accomplish. the u.s. is trying to regain ground by establishing better relations with cuba and coming into the 20th century, in fact, 21st century but the reality is the arrogance of the u.s. on the question of venezuela threaten to derail the entire process again. so i think what is behind all this is really, what is the role of the summit of the americas and the oas at a time in which you have other institutions in latin america like the union of south american nations and the com

he was author of many books, including "open veins of latin america." he was a major editor in uruguay. after military to took power there in 1973, he left for argentina and their he also was editor of major publications but when military to take over, healed really left for spain. i want to turn back to our 2013 interview when nermeen shaikh and i spoke to him in our new new york when his book, "children of the days: a calendar of human history," had just been published. i started by asking him about the title of the book. >> it comes from something years ago in online community in guatemala -- in a immunity in guatemala. someone said, we are children of the days. we are sons and daughters of time. and this began working inside me, and it finally resulted in this book. each day has a story to -- deserves to be told, because we are made of the stories. i mean scientists that say human beings are made of atoms but a little bird told me that we are also made of stories. and so each one has something to tell that deserves to be heard. in the structure of t

i interviewed people from this new black in latin america series on pbs, and... all over latin americanican republic i saw a man who was darker than i, and i said... he said, "i see myself as an afro-descended person; i'm a black man." i said, "well, when did you learn this?" because so many people in the dominican republic told me they weren't black. and i'd say, "who's black?" they'd go, "the haitians, but nobody here," no matter how black they were. so i said, "well, when did you learn you were black?" he said, "oh, that's easy, when i was in new york." ( laughing ) "when i went to new york, all the white people told me i was black." >> hinojosa: well, so how do we... how do we... we're trying. i mean, we're doing this show, we've got you here. what needs to happen? how do we... how do we engage in this conversation? i mean, i try to make it happen with everyone that i meet. >> i think in... let's remember that the history of this country is always the history of going from one end to another; from extremes, like a pendulum, in both parties-- in issues that have to do with opening t

detailed in today's latin america report.o live to mexico city when we return in just a moment. ♪ mark: timeout for today's latin america report. -- time now for our latin america report. good afternoon. >> good afternoon. the story everyone seems to be talking about in the region's u.s.-cuban relations ahead of the summits of americans which will kick off later this and panama city. we know president obama will meet him at the summit for the first time. the white house says there is no formal meeting planned. there is used -- news that may revoke cuba from the tourism list. here in mexico trying to block american airlines from starting flights between mexico city and los angeles. america recently for us to permission to take other routes from alaska airline, which has agreed to turn it over before june. there will be an open competition for the route instead. consumers would benefit from american airlines on the route because they would offer two daily flights between mexico city and los angeles. alaska airlines currently on

next, we will get you the latest from latin america. porter in mexico city with the latin american report for this friday when "bottom line" continues in a moment. ♪ mark: welcome backmark:. it is time for today's latin america report. let's go to our bloomberg partner in mexico center. jose is standing by. good afternoon. jose: good afternoon. good to see you again. here are top stories making headlines in latin america. in mexico, shareholders at american mobile will decide today on whether to spin off as many as 11,000 wireless towers a move that would create latin america's second-largest printer of tower space. shareholders -- if shareholders are in favor, it would compete with american tower corporation which has more than 8000 towers in mexico and more than 32,000 in latin america. the other sites would rent space to operators. american mobile is controlled by the billionaire. it is studying how to break apart operations in mexico where government reforms aimed at opening up the industry are cutting into profits. now to cuba where

relations with latin america. richard: barack obama makes an announcement, he says it is time to reach out to cuba. pres. obama: the most significant change in more than 50 years, we will and an outdated approach that for decades has failed to advance our interests and instead we will normalize relations between the countries. richard: the diplomats spun into action. it looked like the beginning of a new era of relations with latin america. then another bombshell. a different kind. the u.s. slapped sanctions on venezuela. >> this is an implementation of what we have been working on which is cracking down on those were violating human rights. richard: u.s. relations with latin america as embodied by this building in central washington, the headquarters of the organization, they seem to be pulling in different directions at the same time. we have been trying to work out it if it makes sense. let's start with venezuela. his protests last year, it has been slipping into crisis. the economy is in a downward spiral and

"washington post" latin america correspondent nick miroff joins me. tensively about the players and state of the game today in cuba. in america, the latin american players and venezuela number one and dominican republic two and cuba three. >> there are more cuban players in the major leagues than ever before since castro's revolution. and i think we can assume there would be more of the demand for cuban talent is very high. as we've seen the top cuban stars when they do get to the big league in the united states they tend to perform very well. the most recent and probably best example is jose abreau their success continues to drive up the value of contracts for future defectors and cuban players to reach united states. >>> those coming without defecting and come back and play, it is the dominican republic which has the most then ven wal la then cuba. under cuban rules they have to play a fuel year. they are playing winter ball and playing in the summer professionally in the mlb. injuries, it's really not fair to the players. >> this is the new experime

whether the rest of latin america is concerned we'll have to see. they will certainly be expecting solidarity with argentina whether that amounts to very much in the long term is very unlikely. >> mexico city philanthropic penaenrique penanieto will be looking to show mexico as an example for the rest of the region. what he'll be less keen on talking about is a difficult last few months for him and his government, chief among the scandals and problems he has encountered is the disappears ever 43 students, the local government being involved in that disappearance. show himself and mexico on a more positive light on an international stage. he'll be meeting outside of the summit with the president of brazil panama and the united states, barack obama in a meeting in which they will talk about trade and economic and social development. so in general for mexico they'll be hoping for a smooth summit in which they can once again show the government as one of the leaders and a country that's moving forward. >> in the week ahead looking forward is david air a

beijing linked latin america and the caribbean more than half a billion. to discuss more i'd like to welcome eric faans worth. the former president joined us. great to have you with us on week ahead. >> good to see you. i know the tone of the leaders is important. what needs to happen. first of all happy easter. it's good to be with you. i think the summit is an important opportunity for the united states and cuba to show that both countries have turned over a new leaf. the question is what concrete actions come out of this particular meeting. they were most likely a handshake, some sort of interaction. we don't know what meeting, perhaps, but that - you know that's a good first step. the question is what's next. the other question is what will be the posture of the other countries at the summit. it's not just the united states and cuba it's all the country in the western hemisphere and some will be focused on the fact that they don't much like the united states whether or not there's a coming together with cuba. the example that venezuela is an issue, the

time for today's latin america report. last decade peru had the lowest inflation rate in latin america and had the second fact that economic growth in the region after panama -- second fastest economic growth in the region after panama. earlier today i spoke with the president of peru central bank. i began by asking him to grade the state of peru's economy. >> we are doing ok. potential growth has come down because of the fall of commodity prices. we are expected to grow slightly above 4% this year. mark: how much do geopolitical factors way into the strategy in decision-making gekko >>? >> [indiscernible] i would say we are stable now in peru. mark: that extreme weather pattern, the o'malley -- the el niÑo, how does that affect inflation targets? >> we are expected to be strong. i expect it to be week to moderate. mark: the current cycle right now in peru of monetary easing. has that run its course ge? >> [indiscernible] we have removed that word. we are going to see how we are rise to the measure. we are on the upper end

it is time for today's latin america report.vestors suspect the venezuelan government is running low on cash, but how low? no one truly knows. venezuela has stopped releasing even the most basic economic data on a timely basis and that has become a problem for investors. how are investors able to make decisions on investments in venezuela if there is a data vacuum? guest: i was just speaking with someone who said it's like a surgeon operating without a next rate. you are in the dark. what economists are scrambling to do is create alternative data series. you have bank of america deutsche bank, economists at all of these banks are trying to put together something that will be helpful to investors. they need to come up with inflation numbers and government spending numbers. government spending hasn't then reported since 2013. mark: this is basically their best guest -- best guess because they do not have hard data to rely on. guest: one of them described it as being a private investigator you are just piecing together something to

latin america was going against. countries said we aren't going to have another summit of the americas without cuba's involvement. in kissinger's day the message to him was we are going to restore our political and economic relations with cuba and vote to lift the multi lateral sanctions imposed in the yerly 1960's under pressure from the united states. you can do what you want, but you are only going to really hurt relations with the rest of the region if you oppose this and in the end, you are going to lose. kissinger tried to turn necessity into a virtue and thought it might be a good bargaining chip and he also thought that having castro kind of closer might create incentives for him not to screw around in parts of the world that kissinger cared about latin america and africa. famous last words. but he actually designed an aide memoir before the very first secret meeting in the airport in january of 1975. he designed an aide memoir i was in tone, pitch perfect. it basically said to the cubans, we have differences

a look ahead at president obama's meeting with leaders of latin america. architects build schools designed to keep students safe in a crisis. and what it means to be the first in a family to get an elite education. >> woodruff: iran's supreme leader aytalloah khamenei today broke his silence today on last week's nuclear framework agreement, revealing more splits in how washington and tehran are publicly describing the deal. all this comes as tensions over yemen are escalating. the supreme leader finally weighed in on the nuclear deal one week after it was announced. >> ( translated ): if you ask me if i support or oppose the nuclear agreement, i neither support it nor oppose it because nothing has happened yet. nothing has been done yet. the whole issue lies in the details that they are meant to discuss one by one. >> woodruff: according to american officials, the framework agreement between iran and six world powers calls for curbing the islamic republic's nuclear technology. in exchange, tehran will get sanctions relief. khamenei insisted today that must

americas for the first time represents more than a photo opportunity >>> a policy analyst from latin america at the center for global liberty and prosperity joins us in washington d.c. sir, thank you for joining us on al jazeera america there are reports that the state department recommended that cuba be removed from the list of state sponsors of terrorism. do you think if and when that is made official that will be enough for president obama to remove cuba from the list and will we see that removal in the next few days. >> indeed. the president has to notify congress and congress can review the recommendation for 45 days. they can move to block it if they wish by enacting legislation that will have to be signed by the president. it's unlikely that the congress can have the power to block the removal of cuba from the sponsored terrorism. it's imminent. the decision is imminent. whether that will readlead to a formal establishment of diplomatic ties remains to be seen. >> republicans like marco rubio opposed the removal like human rights concerns so how difficult do you think this will be to

that's your latin america report for thursday.ll ahead a huge earn action surprise from the world's biggest oil producer. more on exxon's strong first quarter when bottom line returns. >> today's top stories. bloomberg exclusive. omni care is drawing enter from potential buyers including express scripts and cvs. omni care has a market value of $8.2. omni care is working with bank of america to explore options including a possible sale. >> aston martin secured an investment of over $300 million to fund production of the dbx crowsover. the 102-year-old auto maker is among high end brands breaking into the crossover market. the company revealed the all wheel dbx last month. i will be speaking with asen martin president tomorrow in a first bloomberg interview. i believe they'll produce that crossover in the states as well. coming up on bloomberg at 2:55 the markets with a chat with daniel and manny pacquiao ahead of his big bout with floyd mayweather -- did i read that right? is manny pacquiao really going to be on? unbelievable. the

now for today's latin america report. >> we begin with cuban relations. was made over the weekend at the summit of the americas in panama city after president obama and cuban leader royal construct -- ray will castro met for the first time in more than 50 years. the white house is the meeting lasted for about an hour saturday. he said he should not be blamed for u.s. policies that have isolated cuba for decades. both men agreed to moving ahead with normalized relations and cautioned that change may come slowly. the next step in restoring relations will be the u.s. removing cubit designation as a state sponsor terrorism. president obama expected to decide on the issues very soon. now to brazil where challenges continue to mount for the president. a new polish shows two thirds of brazilians eight and impeachment process should be open against her because of corruption scandal at the state-owned oil company petrobras. the more -- the majority of those interviewed said they believe she knew about the scandal when she was running the country. the fight majority

those are the headlines in latin america.ning us from mexico city for today's latin america report. more coming up as we speak with a bloomberg reporter who interviewed the company's chief financial officer. that report is straight ahead. also coming up, oil and gas tech -- oil and gas players are keeping oil out of the market by not turning out tickets to nearly 5000 wells. those details, my colleague will join me when we return. ♪ mark: welcome back. more now on the petrobras loss. they reported a record loss of over 6 billion lori a, or about 2 billion u.s. dollars. what are the details from the other earnings report? >> after five months of delays there was 5 billion in losses last year. the first annual loss in more than 20 years. despite the loss the market celebrated the approval of after five months delays that they can now gather all external -- external auditors to sign off reports on the external corruption skied -- scandal. now this chapter is behind. mark: you just had an interview with the cfo for petrobras. wha

mark: the latin america report for this monday, jose, thank you.up, our chief market correspondent scarlet fu will have the addition of off the charts on the other side of the break. ♪ mark: welcome back. let's get you some of the top stories we are following at this hour. president obama the deal on iran's nuclear program -- called the deal on iran's nuclear program a "once-in-a-lifetime opportunity." it does not mean we will give up military superiority or fail to protect israel. in the meantime, the chair of the senate foreign relations committee says congress needs to play a role. senator corker: look, i know a lot of water has to go under the bridge in the next several days and it's very important congress be in the middle of this teasing out those important questions. mark: in the meantime, benjamin netanyahu is blasting the deal saying it will lead to a nuclear armed middle east. it is raining today, but forecasters say it's not enough to ease the drought in california. cities and towns are under state orders to cut usage by 25% stop and gov

in jamaica will expand education and training and employment programs for young people across latin america and the caribbean including the impoverished and marginalized communities and the young leaders of the americas initiative initiative launched across the entire region access the training and connections and resources they need to start new ventures including the small businesses that create so many jobs in the region. finally, we took new steps to invest in clean energy and combat climate change. the new fund announced with our caribbean and central american partners will help investment in clean energy projects and reduce carmon e mys across the region. our new energy tatsing force will identify additional steps we can take together. a number of our countries committed to doubling our share of nonhydrogen renewable energy by 2030 i reaffirm through our pledge to the green climate fund the united states will continue to help developing nations deal with impacts of climate change and i reiterated our commitment to ensure all countries in the hemisphere have open access to data as we m

we saw it deteriorate in latin america. africa, we are seeing a jewel in the crown. but asia down 6%. asia off by 1.3%. only eking out growth in the u.s. and africa. diageo having a pretty poor quarter. they say it is tough in emerging markets, and consumer weakness in the developed market. jonathan: thank you, caroline. diageo one of the big losers on the ftse 100. in the bond market, another headline. check out the 30-year. 0.5%, we go below that. if you've got a lot of money, where on earth do you put it best and mark -- where do you put it,? the ubs wealth management summit is underway in switzerland. what is on the mind of the wealth managers? i imagine one of the things they are worried about is this environment of low yields. manus cranny is standing by with a guest. manus: thanks for that. with me here, there's going to be $11 billion represented. $2 trillion of that belongs to the house of ubs wealth management. we have the president of ubs wealth management. great to have you with me. great markets in the equity markets in asia. the big focus for you guys.

is time for the latin america report.et's go to our bloomberg partner in mexico city who joins us live. >> let's start with at&t who have to pay to $5 million to u.s. regulators after an investigation found call-center workers in mexico, colombia and the philippines improperly disclosed personal data on almost 280 thousand customers. -- 280,000 customers stop they passed names and social security numbers to third parties who requests that mobile phones be unlocked so their devices would work on networks other than at&t. the customer information was given to people who appear to have been trafficking in stolen or secondary market phones. these are the stories making headlines here in latin america. mark: thank you. that is your latin america report for this wednesday. coming up, we will check the other top stories of the day. after four years of drought, california almond farmers are getting a bad rap for how much water they use stop but is playing the blame game fair? ♪ mark: welcome back. california plus drought has ente

latin america has a 6.2% annual g.d.p. gap. the majority of finance goes into infrastructure and energy. it used to be the domain of the united states. the panama canal is an knamp. america took over. there's competition in nicaragua. a chinese businessman plans to pour billions into a canal of his own, to challenge the panama canal. the impacts carry risks. given that major chinese energy is bound by less regulations and standards than the u.s. counterparts. the resulting deforest sayings and heavy use of chemicals jeopardise workers and communities. and that could give latin leaders pause, offering them a relationship. >> david ari otto joins me now. globally we are short of 15 or 25 million. there's enough to go around. can china and the u.s. not be involved in the projects without getting in each other's way. >> it's a good question. when you look, china was not a player. now you look at south america and brazil. peru, venezuelan. you have china gradually moving into the region, and like you mentioned before, one of the thin

the united states has to ask for forgiveness from panama and latin america for the invasion of 1989.>> he's not the only critic of obama. many side events here in panama city it's clear that the leftest tradition of latin america politics is still alive. these comments from bolivian president evo morales. >> now that they can't dominate us with military dictatorships what do they do? economic aggressions trying to drown the anti-imperialistic governments, and when they can't do that they try to divide us. >> if the meeting between president obama and president castro goes ahead it will be an historic moment. and if the supportive removes cuba from the state list of terrorism, then it will be a change. >> still more to come. the hometown within sight but overreach. we meet georgians displaced by fighting with russia. >> i'm he a near bangkok thailand at the hub of the fishery industry, which is once again under the spotlight for human trafficking and slave labor despite government promises. >> hello again. the top stories on al jazeera. the saudi-led coalition has stepped up airstrike

next, a latin america report live from mexico city."bottom line" on bloomberg television continues in a moment. ♪ mark: time for today's latin america report. let's go to our partner in mexico city. good afternoon. jose: good afternoon and good to see you. let's kick things off in brazil, the currency market is reacting to widening corruption investigation at the state-owned oil company petrobras. the currency dropped for the first time in three days this morning in sao paulo, falling .1%. weakening on the concern that petrobras is getting closer to dilma rousseff's party. police arrested the treasurer of her party tuesday, he is accused of accepting illegal donations from petrobras. herself was chairwoman of petrobras when the corruption happened. she has not been implicated so far. now to cuba, the governor of new york will travel next week on a tradition. the first u.s. governor will travel to the island since barack obama lifted the travel restrictions in january. andrew cuomo will bring executives from new york looking to reach co

in jamaica will expand education and training and employment programs for young people across latin americag the marginalized communities. and the young leaders of the americas initiative that i launched will help young entrepreneurs and civil society leaders across account entire region access the training and the resources and connections they need to start new ventures including the small businesses that create so many jobs in the region. final we took new steps to invest in clean energy and combat climate change. the new fund i announced with you're partners will help mobilize private sector investment and clean energy projects and reduce carbon emissions across the region and our new energy task force will identify additional steps we can take together. a number of our countries committed to doubling our collective share of nonhydrorenewable energy by 2030. i reaffirmed through our $3 billion pledge to the green climate fund, the united states will continue to help developing nations deal with impangts of climate change and i reiterated our commitment to insure all countries in the hem

these are the top stories making headlines here in latin america. now back to you in new york.fter the break, chipotle reports earnings after the bell. julie hyman travel to iowa for an inside look at chipotle specials pork standards and what it means for your next order. "bottom line" on bloomberg television continues in just a moment. ♪ mark: updating our top story -- u.s. authorities say a british futures trader contributed to the may 20 10 flash crash by engaging in illegal bait and switch practices. the trader, identified by authorities as 37 year old navinder sarao, was arrested in the u.k. today. the justice department is seeking his extradition today. he ran his own trading shop and faces charges of wire and commodities fraud. the justices department and commodity futures trading commission which filed a separate lawsuit, said he engaged in trading strategies known as layering and spoofing that contributed to the flash crash that happened on may 6 2010 where the dow industrials plunged 1000 points in just minutes before later recovering some of the losses. the big takeo

mark: it is time for today's latin america report.atin america's biggest building company is suspending new investments in brazil. ego says -- the ceo says a looming fiscal tightening and the reluctance to release loans for an oil rig supplier have led the company to put new investments on hold. the rialto rose to the highest level in eight weeks. there is speculation that the central bank will increase the benchmark rate to market policymakers have raised borrowing costs for four straight meetings to 12 .75%. that is your latin america report for this tuesday. stephanie ruhle and erik schatzker are at the milken conference in california. earlier erik spoke to jes staley former ceo of j.p. morgan investment bank. they began by discussing the unintended consequences of bank regulation. jes: perhaps the biggest response has been a virtual explosion in debt capital markets. the amount of corporate debt issued directly to mutual funds and pension funds and whatnot have doubled in size since 2008. erik: banks know longer holding that inven

unless there is progress then the united states will be increasingly more isolated from latin america. the last time it made it abundantly clear, and let's remind ourselves one of the reasons cuba came back is because the whole region took a robust attitude towards it. i hope that the congress has the sense of ensuring that it is taken off a terrorist list. >> there's a 45 day review where congress could make moves to block cuba's removal from the list. at the end of the day it has to approve the listing of the trade embargo. that will be a real hurdle for obama to overcome isn't it? >> that's what i'm saying. there will be very strong resistance to this. politically it will be difficult to justify it in terms of the election that is coming up. all the removal of cuba from the list will do is allow the two countries to have embassies, and there is a hard job of dismantling the blockade brick by brick and i think the difficulty that the united states faces is for as long as it doesn't, it's going to face increasing isolation from latin america, which is far away you know, from the unit

we will check in for the wednesday edition of the latin america report.and more when "bottom line" on bloomberg television continues in just a moment. ♪ mark: welcome back. it is time for today's latin america report, and let's go to jose who is standing by live. jose, good afternoon. jose: good afternoon, mark. there is a lot going on in brazil. one of the most powerful businessmen in the country chairman of the state owned oil company. together with the selection of board members, one week after petrobras closed about a $15 billion in parent. the overall is the latest iv state run producer to contain losses and -- the latest state run producer to contain losses. also in brazil and order this morning to suspend activities in the country, uber, adding another country to the list where they face legal obstacles. from sÃo paulo there was a fine of 100,000 to a maximum of 5 million if uber violates his order to stop operating. the company said they are also facing opposition from taxi drivers in other countries in the region like here in mexico and in columb

end in jamaica will expandedcation and training and employment programs for young people across latin americad the caribbean, including the impoverished and marginalized communities and the young leaders of americas initiative will help young entrepreneurs and civil society leaders across the entire region access the training and the resources and connections they need to start new ventures including the small businesses that create so many jobs in the region. finally, we took new steps to invest in clean energy and combat climate change. the new fund i announced with our caribbean and central american partners will help mobilize private sector investment and clean energy projects and reduce carbon emissions across the region and our task force will identify additional steps we can take together. a number of our countries committed to doubling our collective share of nonhydro renewable energy by 2030. i reaffirmed that through our $3 billion pledge to the green climate fund the united states will continue to help developing nations deal with the impacts of climate change. i reiterated our com

and it is believed that this will help to improve relations between the united states and all of latin america caribbean, not just with cuba at a time when china is making extremely important inroads into this region. pledging economic investments in this area so president obama wants to make his mark here. being here now, being here with castro is part of that i think, david. >> when we talk about it being removed from the list of state-sponsored terrorism, we're talking about support perhaps to the [ inaudible ] in angola. what would this mean to cuba if it were stuck off of this list? >> reporter: yes, you are absolutely right, this goes back two decades, but it did allow the united states to really really turn the screws on cuba economically, and make it more difficult for any government or -- any u.s. bank for example to function in cuba. it doesn't allow the cubans to have a bank account in washington for example, and that's one of the reasons why raul castro was insisting they must be remove from that list. >> we will talk about other matters coming up at the summit but let's stick with

juan carlos is a latin america policy analyst in washington.says cuba is hesitate to go part with what he calls its victim complex. >> it's been a rallying point for cuba for over half a censure toy portray itself as a victim of u.s. aggression denouncing the embargo the economic sanctions, gathering support from other latin america countries particularly in the last decade and a half. no all of a sudden the united states wants to be friends with you and you know, it's interesting because if you see some statements by raul castro in the last months he looks like he's trying to raise the price tag of engaging the united states. he said that restoring diplomatic ties won't be possible in the united states returns guantanmo to cuba, unless washington pays compensation for 50 years of economic sanctions and so on. it looks like he's not that eager to be friends with the united states. >>> now, as those historic talks take plays life goes on in the cuban capital huh van and in mean ways it feels like child time hasn't changed. >> reporter: time offe

in the way to better relations with latin america was through havana. obama saw that in meetings that he had with people. so i thought it was going to happen. i started interviewing people on both sides including the very high-level members of the obama administration former clinton officials, kennedy officials carter officials. and the clues were there but it was a tightly kept secret. so i started writing the book as if this was going to happen. and then i finished and it hadn't happened. and then it did happen as the book was to go to press, so i rewrote the first 50 pages to describe how it actually had come about. how had it? >> you can decide for yourself. travel is being expanded. you will be able to use her credit cards. the beaches will be open to tourists instead of tanks. history, i think, is finally moving on. it shows you how painfully agonizing and slow and it what cost any significant gains are. i know progressives don't declare victory because they always have the gloomiest possible twist on everything will stop -- everything. juan think

so what message does this send not just to latin america, but to you the united states and the world. >> it has sent a very different message if the united states is really interested in a photo op at this summit in panama that is distracting people from talking about the real problems in the americas, venezuela is a freefall under the corrupt mismanagement the brazilian government whose economy is contracting where there is a couple of extraordinarily broad political scandals and they have engulfed the president there. mexico is trying to reform it this agenda because of the corruption that threatens government ability in that country. so we are getting no help from the latins in spite of the fact that we were told a few normalize relations with cuba that they will help but frankly they are not helping at all that these issues. >> is there anyway that normalizing relations will open up business relationships and really improve the quality of life for cubans that would expand into latin america and improve these human rights abuses? >> look cuba has had ample time to trade with the eu

ten things you don't know about latin america and the caribbean.ke most policymakers, it was very compact. short, kind of punchy. it had no data to back it up. but it was based on the idea that a lot of old think and old sort of myths about this region persist when it has moved beyond many of those old impressions and it hascdw)÷ become a region of camable capable and equal partners. what this piece that they have done wonderfully titled better than you think, reframes inter-american relations and i've already told harold and richard that i will be shamelessly utilizing that phrase, better than you think, in many of the piece, the substantive parts of the piece. with this piece argues is just that idea. that there is a lot you don't know about what's happened in this hemisphere and how well it has gone for u.s. policy. and the maturity of those relationships is really quite developed. but it does so with all of the data to back it up and that for me is is extraordinary. so, ipg thank you for that contribution to the debate and the support for the n

and, the monday edition of latin america report live from mesko city.:50 come investing in portugal portugal's deputy prime minister. we will be right back. ♪ mark: welcome back. i'm mark crumpton in new york. thank you for staying with us. we continue the coverage of the 2015 institute global conference. erik schatzker and stephanie ruhle standing by with dr. francis collins, director of the national institute of health. classic a lot of people that a lot of money and influence. where is it in terms of funding? >> i wish the picture were prettier. that is having a significant, negative affect, particularly on investigators trying to get things going. they depend on nih. stephanie: how realistic is a billion dollars, really? francis collins: if words were votes, things would be looking pretty good right now. there is strong support that it has not been a good thing to lose momentum p or live her that everywhere i go at this meeting and when i walked halt at congress. erik: the national institute of health plays a key role in the development of new drugs

columbia is the biggest market in latin america stays positive.are returning to growth and that is important. asia has been a real area of weakness+++ is the number one distiller in the world. you have red stripe and a it of wine. he will be leaving overall and you are seeing third quarter organic sales down. this is a big mess and many thought the growth would be 2% for organic sales. they say the performance in the quarter reflects tougher emerging markets. giftgiving has the government reining in giftgiving. the consumer demand in developing markets with the u.s. always being where they have been in the number one area and the usc's weak consumer sentiment. overall, it is a mess and you have them continuing to outpace with winding down stocks. they have a chief area of growth in ethiopia. it is a substantial beat. >> there is unilever and the consumer products company. the company says it is starting to see more tailwind than headwind and markets. there is underlying growth and estimates of underlying pricing growth of 1.9%. the revenue is 12 p

are inal expansions latin america, asia, and europe.n asia and we are excited about that. there is a lot of pull for taco bell around the world. we want to do it in a disciplined way. we will work with in the regions. >> those are company news headlines. general motors plans to spend $16 billion along with sa ic. this adds sales growth and fuels the economy. >> no need to adjust the color on your screen. there is a murkiness in chinese cities. here -- industry it is growing 7% this year, roughly the same pace as last year. attention is revving up at some dealerships who cannot reach lofty sales targets. >> the markets reach a new the growth rates have slowed down. they are still strong in the markets and there is enviably strong growth rates. strongest market. every few years, they tried to host the show in a larger and way. year -- swankier china's love for suv is not necessarily foreign. the overall vehicle delivery was last year and the foreign .armakers >> they have priced themselves within the top end of the pyramid to lead off to

he wants latin america to wean itself off of venezuelan oil. >> it impacts some countries in latin americail prices subsidies are less necessary. for some countries in the caribbean, the decline in oil prices is going to make it more difficult for venezuela to provide the financing they need for buying oil. it is generating all sorts of ripples throughout the region. venezuela is facing a very difficult situation. next year is going to be very interesting. this year we have parliamentary elections. polls indicate that the government will lose big time. brendan: do you believe the government will allow itself to lose big time? >> we do think they will allow the elections. that is the central scenario. if there is no policy change, they will lose big time, the elections, and we may have political change in venezuela and argentina next year. francine: is the next hotspot going to be between the u.s. and venezuela? he said he will demand respect from the u.s., which he blames for destabilizing the country. >> he is trying to find some theme to gain popularity, to hang onto. if you look at the

california as, you know the gateway to both latin america and to the pacific rim, to look at some of the future, some of the challenges the country faces in its future that are quite acute in los angeles from drought and climate change to immigration and the multicultural diversity of this nation. across the board all kinds of exciting opportunities. >> host: you can go to the los angeles times, latimes.com and you can also follow the book test to the lafob, los angeles festival of books. mr. mele, thank you for being on booktv. >> booktv live this weekend with author events and call-ins from the 20th annual los angeles times festival of books. >> here's a look at some of the current best selling nonfiction books according to the los angeles times: >> our look continues with former massachusetts congressman barney frank's account of his 40 years in politics in "frank." also on the list bill o'reilly and martin dugard recount the life and death of general george patton in "killing patton." and in ghettocide, a racially-charged murder. wrapping up this week's best sellers, a religious

this of course the e bay of latin america. a name we talk about on "fast money."the huge bump. that does it for "street talk." let's get to trading nation. >> let's bring in the trading nation. cathy lee is a currency trade with bk asset management. and stacy gilbert is head of derivative strategy with susquehanna. good to see you both. kathy, the dollar index has lost some ground lately. which way do you think we're going to go storm on the statement? >> absolutely right, mandy. the dollar's getting crushed going into the fed meeting. what's interesting about this is we got no press conference from yellen, no changes are expected but obviously april meetings a big deal because we've got such one-sided positioning right now. traders still very short euros, unwinding those positions thinking that could take the june rate hike off the table. the whole idea in terms of how to play the dollar is if you've got a two-week or two-month time horizon. i think for the most part we've got both improvements as well as deteriorations since the last fomc meeting. but i think tr

>> latin america is divided right now.e people would call it the pink tide and then the less pink. center left-wing governments many who support cuba and venezuela's government and others that are more critical. these people that are considered pink had gathered to basically pounce on president obama to demand he lift sanctions imposed by the united states against at least seven venezuela officials. the president of venezuela had first said he might not come to the summit and then he was insisting that there be a paragraph in the final declaration calling for the united states to lift the sanctions. so there's still some last-minute negotiations going on at this hour to see if they can all come together. >> all right. lucia thank you so much. >>> new video shows the moments before a white police officer in the u.s. opened fire and killed an unarmed black motorist during a traffic stop. investigators have released video from the dash cam in the patrol car. >> reporter: here on a peaceful plot of green just over the bridge f