the latest tns poll in south africa shows seven out of ten south africans believe zuma should now go.n since this disastrous cabinet reshuffle has taken a new downward turn. we have had south africa's debt turned into junk bold status by snp. we've got economic forecasters say this is going to be a disaster for the south african economy. you have already got an unofficial unemployment rate of 50%. you are now supervising economic as well as political chaos. there is no political chaos. it is the wishes of others that seek to project a political chaos. and it is important that for everybody to come to the party, and to understand that it is important in the interest of all south africans and our national interest to come around what is important around our country. the state of the economy in relation to growth and employment creation has been a matter that has been receiving our attention since 1994. even the recession that we have come to witness has exacerbated the situation. in this particular instance, we are going to have to work, all of us together, to ensure that we get out of

we have had south african debt turned intojunk old have had south african debt turned into junk old statusd intojunk old status by snp. —— junk bond. you have an unofficial employment rate of 50%. you are now supervising economic as well as political chaos. there is no political chaos. there is no political chaos. there is no political chaos. it is the wishes of others that want this to be seen as that. it is important that everybody comes to the party, in the interests of all south africans and a national interest to career around what is important around our country. in relation to growth and employment creation has been a matter that has been receiving all attention since 1994. even the recession that we have come to whip those exacerbated the situation. in this particular instance, we are going to have to ensure we get out of the quagmire of jobless growth and an economy which has not been assisted in terms of employment creation. leaders have looked at this downgrade and said that people who will suffer... hang on... this is the words of the banking association of south africa, the pe

do white south africans like this rubbish that you are creating?resents so much of the white south african prejudice and fear. she is — evita — she is the queen mother, who is suddenly now speaking xhosa with her grandchildren. and she says, "they're not black, they're not white — they're a barack obama beige." laughter and she says they've challenged her. what is she going to do protect democracy? well, let's look at modern—day evita then. oh, yes. we've got a rather wonderful clip here of evita's free speech. she does a thing every sunday — she addresses the nation having read the sunday papers. this one, she is actually considering the mindset of afrikaner whites in south africa today, so let's have a listen... are we whites never going to realise that we actually got away with apartheid? nothing happened to us! there was no nuremberg trial, none of us was hung like saddam hussein for crimes against humanity, nelson rolihlahla mandela came out of 27 years in darkness and gave us light, and eskom gave up. so enough of this white noise. i mean it

south african president jacob bid to oustised a him. it decided yesterday not to vote on the no-confidence motion in him. pressure has built on him to quit following his decision to fire the finance minister, a move that sparked public protests across the country. has said secretary there are potentially more soft takes at large in the investigation for manchester. speaking to the bbc, she said until the operation is complete, we can't be entirely sure it is closed. the suicide bomber killed 22 people at a concert in britain's worst terrorist attack in more than a decade. global news, 24 hours a day, powered by over 2600 journalists and analysts in more than 120 countries. you can find more stories on the bloomberg at top . matt, manus. matt: thank you. the federal reserve bank of san francisco president john williams says three rate hikes this year make sense, because the u.s. economy is close to the twin goals, and the central bank needs to aim for growth that is "not too hot, not too cold." >> with our attainment of our goals clo

the south african is the founder of girlhype, an organization that teaches coding to underprivileged girls. her youngest daughter thato is still in school. the rest of the family is involved in the business. baratang hurries to her office, a co-working space in woodstock, cape town's creative hub. on the schedule this morning is a meeting with her daughter, thoko. they discuss the new curriculum for girlhype. the aim of the organization is to bring more women into stem careers -- stem is short for science, technology, engineering and mathematics. baratang is passionate about coding. >> someone taught me how to code in about an hour and i realized, beautiful, this is a skill that everybody should learn, every child, and having been on the feminist side i thought you know what i should focus on what i know which is girls. >> baratang founded girlhype in 2003 after graduating from the course. thoko was one of her first students. she was ten at the time, and accompanied her mother to all her coding classes. >> i've coded my first website when i was 11, it was an html, and from there i wa

our policyrica is -- is the south african government.scernible] voicese will be various and those voices do not reflect the opinions of government. global news, 24 debra: debra: hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i am deborah mao, this is bloomberg. -- i am debra mao, this is bloomberg. shery: joining us now from the bank, is the ceo of ego one of nigeria's biggest listed companies. thank you so much for joining us. we have to point out the fact that you have a tough year in 2016. given the challenges. i want to ask about your capital adequacy ratios, especially pier 1 and total. where are you at right now? -- tier one and total. where are you are right now? >> thank you. it is the latest south african institution, not a nigerian bank. coveringank that is the oil in africa. offices inee addition to four other locations around the world where we do business. it is why we have a big nigerian institution. said, you asked the question about the ratio. we did put that out in the market.

look out for that interview with the south african reserve bank governor.rades to they did that a few times in 2016. we will be back shortly. this is bloomberg. ♪ ♪ ♪ i've spent my life planting a size-six, non-slip shoe into that door. on this side, i want my customers to relax and enjoy themselves. but these days it's phones before forks. they want wifi out here. but behind that door, i need a private connection for my business. wifi pro from comcast business. public wifi for your customers. private wifi for your business. strong and secure. good for a door. and a network. comcast business. built for security. built for business. ways wins. especially in my business. with slow internet from the phone company, you can't keep up. you're stuck, watching spinning wheels and progress bars until someone else scoops your story. switch to comcast business. with high-speed internet up to 10 gigabits per second. you wouldn't pick a slow race car. then why settle for slow internet? comcast business. built for speed. built for business. guy: may 4, good morning. your

that the south african president is staying put. muted reaction for the ran suggesting that investors still find the yield tempting enough. market, -- renzi will hold an election in the autumn. the market is uncertain about italy. they could show the strongest economic confidence in a decade. opec last week is seemingly underwhelming investors with its extension deal. the global stockpiles will drop faster in the next quarter. the u.s. production data. we have rigged data on friday showing that explores added rigs yesterday. the highest level since 2015. gold is at the highest level in a month. president trump is back in washington after his first overseas trip. here is what he said at the conclusion. >> we have been gone for close to nine days. i think we hit a home run no matter where we are. mark: foreign-policy concerns remain as north korea launches another ballistic missile. bill ferris.n it was a bit of a slap in the making this test just a couple days after the g7 made a pledge. >> sure, kim's regime has a penchant for launc

i was most nervous in south africa, cooking that beautiful south african bmb cooking that beautiful southdid not want to mess it up, burned the beautiful meat. that was a highlight. what will you do tonight? is it highlight. what will you do tonight? isita highlight. what will you do tonight? is it a big meal, are you celebrating? family going out? i think tonight i will have to go back to the comfort of my mother's food. after a wonderful, but busy day, i think that is what you need. you could never beat your mum's food, you are right. i'm sure your husband and son will be glad to have you back after months of additional hard work. thank you. i am glad everybody has enjoyed the show and it is wonderful to have this support.|j thank everybody for it. saliha, thanks for entertaining as the past weeks and being with us today on bbc news. thank you very much. tonight it's the eurovision song contest and, after failing to make it into the top ten for the past seven years, could this be the year britain bounces back? luciejones will be representing the uk in tonight's competition in ukraine. 0

i was most nervous in south africa, cooking that beautiful south african bmb cooking that beautiful southnd idid not the most incredible experience, and i did not want to mess it up are burned that beautiful meat, so for me, that was a highlight. and you certainly didn't. what are you going to do tonight? a big slap up meal, celebrating, family going out?|j think tonight i will have to go back to the comfort of my mum's food. after a wonderful but busy day, that is what you need. you cannot beat your mum's food. you cannot really. iam sure your mum's food. you cannot really. i am sure that your son and husband will be glad to have you back after these months of additional hard work. thank you, i am glad that everybody has enjoyed the show and it is just wonderful to have all of this support. i really thank everybody for it. if you enjoy the occasional glass of wine, this may be for you. the european wine waiter championship has been taking place in austria — a chance for competitors to show their skills when it comes to bouquet, body and aroma. the eventual winner came from a country you

theill be speaking with boss over at the south african reserve bank later on to get his take on all ofl. really looking forward to that conversation. a real focus on what is happening in south africa. up next, brexit looms. is london dominant? we may get news on that front a little later today. what are the implications? that conversation, next. this is bloomberg. ♪ guy: good morning. welcome back. you are watching the open. you're going to hear a little bit of background noise. but we will not worry about that for the time being. it is 8:53 in london. concerns for london's dominance set to intensify as brexit negotiations loomed. draftof the station -- legislation for the infrastructure. the business of ensuring trades on to physically relocate to the continent did i was going to talk to someone about this, but things are happening here at to talkg, and we need about markets. let us do just that. let us show you the market boards and hollywood is going on during we are up, as you can see, pretty much across the board. .5% on they docks. a lot of ex-dividends in the market today. we wi

this is what i was reading in the ft, saying brussels has launched a formal investigation into a south africanwere raised by several 100 —— several 100 %. medicines were raised by several 100 -- several 100 %. the mirror website is leading on the death of the moors

this is what i was reading in the ft, saying brussels has launched a formal investigation into a south africanrmaceuticals company after cancer medicines were raised by several 100 —— several 100 %. medicines were raised by several 100 -- several 100 %. the mirror website is leading on the death of the moors murderers ian brady. brady along with his partner myra hindley tortured and murdered five children in the 1960s. and finally, have you ever tried to buy a supercar from a vending machine? in singapore, customers can now choose a car by touchscreen. used car seller auto barn motors says once your car is selected and paid for, it will arrive within two minutes things to their highly automated system. that's business section of golf news. we have senior lawyer and diversity leader in the uk. another incredible story regarding president trump. how true it is, we don't know. a lot of people this morning in america, or the seasoning in america, say there is no smoke around fire. it is their story. highly classified information, huge security risk, diebold in this sort of information. i love one

in response, the south african team could only manage 257 —— 267.e day ‘s work. i am in good form at the moment. again, the form is difficult to describe. you see the ball and we wa nt to to describe. you see the ball and we want to make the most of it. i am happy that i have done that. i have scored against ireland which is great and i would like to continue that throughout the series. it is nice to contribute against south africa. it is nice to get 100. and cricket elsewhere, bangladesh were five wicket winners over new zealand in the final match of their tournament which involved hosts ireland. the victory means that bangladesh moves ahead of sri lanka to sixth in the world rankings. 0nly four months remaining before the top eight add granted automatic qualification for the world cup finals. ahead of the icc champions trophy which begins next week the australian captain says he is not concerned that the english are rated the favourites. the australian can campaign continues in birmingham. the favourites. the australian can campaign continues in b

a south african high court ruled today jacob zuma must hand over an intelligence report that the former minister was plotting to undermine his government. and moscow says it is ready to send peace keepers to syria. turkey and iran have signed on to a russian plan to make safe zones. global news, 24 hours a day, powered by more than 2,600 journalists and analysts in more than 120 countries. this is bloomberg. it is just after 5:30 p.m. thursday here in washington. 7:30 friday morning in sydney. we are joined by paul allen with a look at the markets. good morning. paul: good morning. well, japan is closed again today for a public holiday, but trading as normal here in australia. futures looking weaker again for a fourth straight date. we will keep an eye on the quarry pang. it is reporting full year earnings. he medianest made is for $2.13 billion. the stock has been on a tear, hitting record highs. always expectations for this bank's earnings. lock og for a third quarter update on the airline qantas. keeping on the reserve back of australia as well, keeping up with his quarterly statemen

managed this chip in on the parfive 12th it went down as an eagle on the scoreboard — only for the south african dropped the ball in the wrong place after it had become plugged in a greenside bunker, and handed himself a two shot penalty which means he remains five shots off the leader who is sweden'sjohan carlsson. the 30—year—old's only professional win came in 2013 in kazakhstan on the challenge tour but he heads into friday's second round one stroke clear on 6 under. it felt quite good going into the tournament and mostly mentally i felt like i was well prepared. it got off to a good start and managed to keep going. just one of those days when you train your parts and things go your way. it is fun. —— drain your putts. stacy lewis and wei—ling hsu share the lead after the first round of the lpga volvik championship in michigan. lewis eagled the 14th as the pair both carded seven under par rounds of 65. australian open venue margaret court arena will not be renamed despite the 24—time grand slam champion's opposition to same—sex marriage. the 74—year—old australian, now a christian pastor, sa

the south african rand, what we saw from sydney.urkishamerica saying, lira versus the south african rand is rising political risk or this is the currency this weekend, 2.4%. let's check in on the first word headlines from around the world. republicans and democrats have reached a deal that will prevent the u.s. government from going to a halt. they have agreed to $1 trillion measures for all bodies in october. trump downesident payment on boosting the military. the deal would mean the federal government shuts down after friday. the european union will present a united front of her brexit after taking less than a minute to decide its stance in brussels. they are determined to stick together to persuade other nations from considering leaving the block. itpresident reiterated that will not begin until sufficient progress has been made on the uk's with drawls. companies are said to have signed deals to help saudi arabia's push towards digitalization. the agreement comes towards chancellor's angela merkel's visits to the kingdom. she dis

our policy is the south african on the continent.y will be various voices outside that will speak, and do not affect your opinions of government in so far as our fiscal policy. i am the government spokesperson ispolicy, and therefore, it that they must continue to listen to what i say. my advisor expresses his own opinions as the next endemic. -- as connected them up. i think the conscious must continue -- as in academic. we need to continue to listen to different opinions that are expressed, but they do not reflect the decisions of government. having said this, i need to emphasize that i have once again and he understands his role as an advisor and the responsibility of government. he cannot speak out of place with me with regards to what we need to do, and therefore, the policies of government insofar as policies contents, they are what i articulate, not by people outside of myself. tok: you have a big role fill. it is the role of the director general of the national treasury, the incumbents will be leaving -- income been will be l

we believe that the things they have raised are within the control of south africans. ave given us time to say ont, they would put us review and would be making a decision in three months. i think that getting into this data, it's important to reemphasize south africa's credit strength. that we've got very strong institutions. a proud history a very prudent t management. the change of the team at the government has not affected the commitment to prudent it macro economic management. yesterday, i think what you guys interview the minister of finance, you could hear that re- commitment. ard from the just he new finance minister. governor, have you had to raise or will you have to raise its inflation expectations because of the removal of the previous finance minister? mr. kganyago: what we were faced with is we had a function for the exchange rate. our fountain for the exchange rate is higher than what we have. the assumption it is built into our inflation forecast is currency that is weaker than what we currently have at the moment. that tells you that the inflation outl

the yellow line is the south african one.ine that ultimately when you look at the other asset classes, you've seen the resilience of the total return of the brazilian realloc, down 2% this month. stocks down almost 5%. some oflly underscores the anxiety out there in the market. on friday you had movies lowering the outlook of brazil's debt rating and some of the notes coming out from deutsche bank saying if you're looking to bank on emerging markets, look at turkey. that is offering a lot better return than south africa and brazil. manus: is for the land of the brave. thank you very much. let's talk about south africa. the presidents public approval rating has reached an all-time low. most of the members of the ruling after national congress want him to resign according to an opinion poll that was --eased two days after opposition has been on the rise. -- he made a number of changes since the end of march. great to have you join our team. this poll, does it matter? >> yes, it certainly does matter. we've seen some of the resu

apparently famous in the area, south african. pretty neat. created a swing with a board you can fit on in case you don't want to hang from the rope. this is so well rigged, so perfectly shot. what a great memento to have of a day out with your friends. >> i was actually going to say, people are covering every aspect of their life and they put those videos together. if you didn't have this, they wouldn't believe you. this one is awesome. >> you have to share this one. >> monday morning comes around the office, what did you do? had a rope swing off a shipwreck in south africa. >> one, two, three! >>> it's a disagreement on the road. raging bull. see what it takes to finally break it up. >> i've got you right here. >>> and using a golf shot to pull out a little wiggle tooth. >> see if the swing makes for a hole in one. can you actually love wearing powerful sunscreen? yes! neutrogena® ultra sheer. no other sunscreen works better or feels so good. clinically proven helioplex® provides unbeatable uva/uvb protection to help prevent early skin aging

because nelson got it done in south african. in south africa.same thing that was done in south africa could have... could have been done in the united states, yes. i distinctly believe that. i need a cigarette. you're making me hot. can i have a light? please? go ahead. how did you feel when he died? oh, god, man, iwas devastated. i wrote a song in his honour the next day called the king of love is dead. how much did that devastate you? i think i must have cried for two weeks. and it killed my inspiration for the civil rights movement... i'm ready. ..and the united states and i moved away. you were also scared, weren't you? because of all the killing going on... yes, i was scared. ..because jack kennedy was killed, robert kennedy was killed. do you think they were coming after you? not only that, the fbi was after me! they had a file on you. mm—hm. in washington. you never saw it, did you? uh, no, we were told about it and it's in my book, i wrote a book called i put a spell on you, and i did a film called nina simone — la legende, and it's in t

the automaker will shed its south african business and stop selling cars in india as it focuses on efforts in more profitable markets. the company will still build cars in india for export. gm shares up a fraction. the children's place said same sale stores rose. total profit and revenue also grew, topped estimates, and the company raised full year earnings outlook. but still, shares finished the day down 50 cents at $111.10. >> pandora is apparently in talks again with serioa sirius . pl pandora rejected a takeover from sirius last year. pandora's shares popped to $9.42. >> gap says strength in its old navy brand helped a rise in same store sales. the gap reaffirmed its outlook for 2017. the shares initially rose after the bell but ended the regular session down more than 1% $23.19. >>> the marijuana industry is one of the fastest growing in the country. use is now legal in more than half of the states. but will the trump white house put up some roadblocks to further legalization? kate rogers reports from oxon hill, maryland. >> reporter: with a new and potentially less friendly administr

the australian company bhp gained the name when it merged with a south african company in 2001.t of its efforts to emphasise its australian heritage. let's check in with the financial markets now and in asia investors have been mainly pretty upbeat. that figure was to do with results from department stores. investors have shrugged off the effect of the cyber attack and instead, the value of security stocks have surged. a male positive sentiment across platforms has been capped with some figures from china. let's take a look at europe. samira hussain takes a look ahead at what's we can expect on wall street later. on monday big hedge fund investors like carl icahn and david einhorn will reveal their first quarter purchases and sales of well—known stocks like snap, tesla and apple. we'll also get insight into market trends including whether billionaire investors took money off the table in us stocks especially financial stocks as the trump trade began to fade. the gap and home depot will be reporting earnings on tuesday and on wednesday, us retailer target will be reporting earnin

several hundred demonstrators, most of them men, have marched in the south african capital, pretoria,sing levels of violence inflicted on women and children. marching behind a woman dressed symbolically in white, one of the protest organisers said it was time for men to take collective responsibility for the beatings, sexual attacks, and killings of women in south africa. a search and rescue operation is continuing after a ferry caught fire off the east java province in western indonesia. at least five people have been killed and 199 passengers rescued so far. the ferry was heading for balikpapan. fresh from his resounding re—election, iran's moderate president, hassan rouhani, has said that iranians had chosen a path of greater engagement with the world and rejected extremism. but mr rouhani said that while iranians wanted to live in peace and friendship, they would not accept any threat or humiliation. he also said friday's victory was a rejection of efforts to stop the reform process in iran. translation: yesterday, you said no to all those who were inviting us to return to the pas

several hundred demonstrators, most of them men, have marched in the south african capital, pretoria, violence inflicted on women and children. marching behind a woman dressed symbolically in white, one of the protest organisers said it was time for men to take collective responsibility for the beatings, sexual attacks, and killings of women in south africa. stay with us here on bbc news. still to come: the sister of the duchess of cambridge gets married, with the young royals sharing centre stage. jeremy corbyn has restated labour's commitment to renewing trident after his shadow foreign secretary suggested the party's support for the nuclear deterrent couldn't be guaranteed. mr corbyn insisted labour's manifesto commitment to trident was unequivocal. here's our political correspondent, alex forsyth. cheering. on the campaign trail, the last thing he wanted was fresh questions about the uk's nuclear deterrent. but today he had to clarify his party's stance. it came after a senior labour figure, when asked if the party would commit to keeping the trident missile system even after a de

keeping an eye on some of the emerging markets and the south african rand down. ntinued pressure in south africa in terms of the operating environment. in the lyric at 3.5 4%. let's check in on the first word headlines. thank you. french voters head to the polls and the final round of the french elections today. after last minute to us in my n's. -- last minute in macro his team said his hackers released fake and real documents. radio willrg tv and bring special coverage of the french presidential election runoff results once polls closed from 9:00 p.m. in dubai. exchange reserve increased for a third month as stricter controls and easing currency pressures to the money from slowed and the company. sees that holdings rose by $20 billion to end april under three point $3 trillion. slightly more than estimated by economist surveyed by bloomberg. the u.s. is working to complete tens of billions of dollars in existing arms at deal ahead of president trump to visit. the president is expected to meet with a group of muslim leaders to discuss was to combat extremism. his

got to remember, it's a south african company that a 20% chinae shareholder. did approve this transition within the normal time frame. structured, we didn't see issues that would cause problems. of questionsa lot surrounding that in the u.s. palladium andces platinum. >> i'm not forecasting where the -- prices will go. we see that the fundamentals for palladium are much stronger than platinum. metals.ced really the drive is the economics for the metals for palladium, especially gasoline cars. you look at where car growth is the emissions changes and the regulation has been increasing. that's good more palladium. platinum is okay. metal.m is more a flat plaid numb we continue -- see going up. fore're depressed levels platinum. that supply or supply issues might force that price higher? hope.live in the platinum industry has been one of the industries where you the a large proportion of production. that's not sustainable in the very long run. just how long it needs to be for past,ong run to come to we don't know. south africaed in .as been under investment we ex

she had girls from her south african leadership academy. and we were having a conversation. one of the deans mentioned i was running for city council. she was like, who? and they were like, him. she spent ten minutes grilling me about stockton, interview style, who supports you, who doesn't? how much have you raised? at the end, she said, how do i write a check? a month later a check came from miss winfrey, an incredible blessing. gave us a lot of momentum, a lot of attention. happened early, in march. months before the primary in november. for her to be an early investor and believe that early gave us a lot of momentum moving forward. >> stockton certainly has its challenges. it's been out of bankruptcy for only a couple of years. it has high crime and unemployment rates. what are your top three goals to accomplish as mayor? >> number one, on the violent crime front. 80% of our violent crime is done by less than 1% of the population. i have a couple of strategies in place. one is a cease-fire. another is for the 87 guys who drive the violent crime rate, what besides jails c

also a quick note on the south african currency. longest streakhe of declines in one month. that is with the rate hike odds. let's get other headlines from across the world with the first word news. deputy crownia prince says the kingdom will spend a big chunk of the aramco ipo proceeds at home. hea me -- in an interview hinted that 70% could be spent on developing domestic industries. he also talked regional politics and tensions with iran, saying dialogue with tehran is possible. to an can i come understanding with a regime that has a believe built on extremist ideology which is stated in its constitution and in the will of khomeini that they should control the muslims in the world. >> president trump tweeted that the u.s. government needs a good shutout in september after congress agreed on a budget deal that denies a much of his wish list. the bill gives them no money for the border wall, only a small cut to the epa, and funding for planned parenthood. democrats call the threat to shut down the government's sour and shameful. the pan's top diplomat says his country is re

adam: the interesting move in the south african rand is worth thing attention to.ma negative move --zuma negative move. there were hopes this was it for jacob zuma and the country could move on and replace him. not the case as we are hearing from the reporting sunday night in south africa. there are some speakers this week as we build up to the jobs report. it will be interesting to see their comments, and we are at record highs with the s&p. maybe a little bit of optimism through the markets in asia because of that but the big markets are closed, china, u.k., u.s. betty: and things seem calm in the bond market with the u.s. jobs report coming up. what is going on? is the low volatility affecting the bond market and bond traders? adam: i think it is. if you bring up the chart on bloomberg, you can see the extent of that. 2.25% level for the treasuries is keen now. is a big week for the u.s. bond market. they are building up to the u.s. job group on friday, plenty of policymakers speaking in the week we are kicking off today with john williams in singapore, his comm

let's look at the south african rand, a second day of gains after zuma was reinstated, or re-upped histrol over the anc. coming up, the fed president warms the honeymoon will come to and washington will have to deliver on the policy expectations that have driven the stock market higher. plus, an exclusive interview nextphil falcone in the hour. this is bloomberg. ♪ these days families want to be connected 24/7. that's why at comcast, we're always working to make our services more reliable. with technology that can update itself. and advanced fiber network infrastructure. new, more reliable equipment for your home. and a new culture built around customer service. it all adds up to our most reliable network ever. one that keeps you connected to what matters most. vonnie: live from the bloomberg world headquarters in new york, i am vonnie quinn and this is "bloomberg markets." a quick check on u.s. stocks, not much movement. the dow down .1%. the s&p 500, 21.14. very unchanged. the nasdaq is unchanged, down two points. looking at the s&p 500, energy stocks are a drag. energy is the worst

south african president jacob zuma's fate in the balance.no we had a lot of activity terms of some of the key players off the back of uncertainty about what is or is not going to happen in terms of the opec meeting. a 4% something drop in oil prices. basis, this is individual members across of the index, you can see some key companies that are gainers. this is the year to date. alsoan see agility, line isbahrain, the top a down 11.1% last weekend. also pressure on dhp entertainment. that stock continues to get hammered. beenne major exception has egypt. their stock index was up a little bit over 1%. tracey: let's check in on the first word headlines. qatar's's has cut credit rating, citing doubts about the sustainability of its growth model. their rating was downgraded to aa2 while his outlook was a change from stable to negative. moody says it expects of the current balance to move to negative and turn into a 2% surplus over the next 4 years. >> president trump left of the g7 summit without committing to the paris climate accord. after pres

tenure paper 2.33 and the south african rand is barely below the flatline closer.'s check on the first word headlines around the world. reuters is reporting that the u.s. and saudi arabia have signed over $100ilon worth of deals ahead of president trump's visit to the kingdom on thursday. surpass $300 could billion over the next decade. reuters also said the u.s. firm jacobs engineering group is the front runner to become the joint venture partner in the infrastructure project in the kingdom. 's president of the ante with his biggest campaign writing desk campaign rall, speaking to tens of thousands of his supporters, he said voters must choose between peace or tension. becomeill not let iran isolated once again. [applause] we would like to have constructive and effective interaction with the world. >> meanwhile he also launched a on his mainack conservative rival, accusing him of unethical management of the ron's holiest right. the goal state is the largest arab oil producer outside of opec, s&p lowered the sovereign debt rating. tosohanged the outlook negative. h

bhp and shall are going to relinquish their south african oil exploration licenses.ession. that is the most since may. keep an eye on rio tinto. on renesas an eye electronics. something to keep an eye on. futures slightly down. that is because the yen is weakening. the yen was stronger in a previous session. we could see some poll, some dragged from a previous session. the kospi, another date upwards. the kospi has been up for the past four sessions. the rsi is in this territory. keep an eye on china, the hang seng index. we are expecting an update. for the rest of the day we will be focusing on oil, the opec meeting coming up. yvonne: asia-pacific markets send mixed messages despite wall street closing at a high. the s&p 500 rebounded from last week's selloff. betty: the fed is raising the question of hot or not? the rate debate to balance a boring job market with inflation that seems half-asleep. yvonne: oil producers meet later in vienna. there are expected to announce extended output curves to drain the global glut. betty: and a short seller carson block betting

the south african rand, strengthening further. 13.11 u.s. dollar after zuma reestablished power.rth african ftse is off the back of a weaker rand. the turkish lira is having a good day. not so the mexican peso. in terms of sovereign bonds, some of the ones to look at would be mexico. let's get to abigail doolittle. she is having a deeper look. a one-year chart trading, narrowing. well below 100 basis points at levels last seen last fall. a bloomberg intelligence strategist told me it reflects two things. we have the widening on mpflation,ns on tru but now stretching may be to 2018, we have the long end of with a havening in play. in more has to do with inflation expectations. the short end of book or is standing still as investors are less bullish in terms of what the fed is going to do. that is why we have the narrowing. below that level suggests maybe we will see it go more. it is hitting the financial sector and more so the regional .anks we have the regional bank s&p 500 index 1.4% relative, down .5%. the regional banks depend more so on traditional lending activity. a bloomb

south african president jacob zuma or has survived a trip decided not to vote on a no-confidence motionpressure has built on zuma to quit following his decision to fire his finance minister, a move that sparked public test. -- protest. amber rudd has said there are potentially more suspects at large in the investigation into the terrorist attack in manchester. speaking to bbc, he said until the operation is complete, we can't be entirely sure it's close. the suicide bomber killed 22 people at a concert in britain's worst terrorist attack in more than a decade. federal reserve banker of san francisco, john williams has said trade interest rates increasing this year makes sense. that's as the central bank makes gradual progress to prevent the economy from overheating. >> when you are knocking the boat, you don't run in as fast as you can toward surer and hope you can reverse engineer. it can run afoul. isn'tle of talking about never approach a dock faster than you are willing to hit it. similarly, in achieving sustainable growth, the best rule is to close in on the target carefully and av

>> the rupee in asia, outside of asia, we like south african rand, the brazilian real, and we like russian ruble as well. >> all right. thank you very much for that. do you want to stay tuned for this. record breaking diamonds. we'll discuss demand for the pressures stone after sotheby's sells a pair of earrings for over 57 million dollars. we'll be back with more diamonds and other stuff after this short break. >>> welcome back. with all eyes on the white house, are market participants fa taking their eye off the federal reserve meeting next month? >> the federal reserve is about to boldly go where no central bank has gone before. in order to bring monetary policy back to normal it will unload trillions of dollars of assets it bought during the financial crisis. this is totally an unknown process. the process of expanding the balance sheet throughout the crisis was an experiment in monetary policy, one that had not been done on the scale that it was performed at during the crisis. and also not one that had been done in an economy and a financial system as large as the u.s. the wind down p

. >>> dozens of parents can't out and south african hoping dashcam to out -- space is limited.tration opens at 7:00 many parents did not get their child enrolled and the father first in line camped out at 3 am yesterday could only get his child on the waiting list. there are 600 children in the program, 40 vacancies. returning students used it last year have priority. >>> highway 37 could one day have to pay a toll to use the roads . according to the press democrat a proposed toll could be as much as five dollars. flooding could make it unusable for weeks at a time and sonoma county supervisor say a toll could raise the money needed for a long-term solution. supporters of the idsa state funding could take decades to secure but tolls could complete the work in eight years newspaper says tolls could generate up to $12.5 billion over the next 50 years. >>> shoes are getting attention on social media. want to show you the zo2 prime shoes from alonso ball. signature procedure that sneakers retailing for $495 . in comparison the most jordans went for work $400 the first in 1985 costi

. >> burks is serving a 55-year sentence for the murder of a south african immigrant. >> he came to americaork for his family. and he got killed. he was an innocent bystander. it wasn't meant for him. it was just a bunch of guys riding around high and drunk just doing stuff that don't even matter at all. and now that night turned into this life. >> and the life burks lives in wabash has recently gotten considerably more uncomfortable. he has been placed in the custody control unit for assaulting an officer and will likely soon transfer to the even more restrictive secured confinement unit. but burks still has a dream -- >> for the people i don't know who the future be, you can google meech. >> he plans to someday get out of prison and seek fame and fortune as a rapper known as young meech, da future. >> if burks had a fan club in the control unit, james greenburg might very well be its president. >> meech, that's my favorite rapper. he's the future. >> hands up like i'm reaching for the heavens, one false move then i'm reaching for my weapon. just being in the presence of demetrius is a ble