framework of policymaking in argentina.eev de mello, senior macro portfolio manager at gama asset management, thank you for joining us. bloomberg users can get more emerging market news at top em on the terminal. and shorter tune into bloomberg radio to hear more from the day 's policymakers and get analysis from our "daybreak" team, broadcasting live from hong kong. you can listen via the app radio+ or on bloomberg.com. plenty more ahead. this is bloomberg. ♪ you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh paul: shares of hawaiian electric plunged by a record, unconcerned that it's power lines may be linked to the deadly maui wildfires. the utility that serves maui has come under scrutiny for not turning off our despite warnings. lawyers are honing in on the utility's equipment as a potential source of ignition and they plan to file lawsuits this week. . northern india is bracing for more heavy rain after landslides, floods and the collapse of a temple killed more than t

new argentina threw off the shackles of the people. new argentina morning of the new world dare to gowe won, well done. don't know. however , how inopportunely it is necessary to hold elections. you can't go anywhere, you need a majority vote, but if the usual method of persuasion does not work, i will find prices and ways to take power. hallelujah vote for the pen. perron wins the election. colonel juan peron 690 thousand votes buenos citizens of argentina this is your new president. argentines argentines we fight together from now on we will defeat our common enemies, poverty, social inequality, foreign domination of our economy. independence , national dignity and truth have you ever killed? my father and mother were slaughtered by your dad so it turns out. do i give you that handrail? moody river is coming soon to first and it's the number one sesame burger. sbermarket i yes and give give, give side. now the market , food, favorite, and let it deliver free hot food to the supermarket, we force you to get 9% per annum on the balance of rubles with a savings account in a vase from t

what's the happening in argentina since president? i'm going to perform. i'm this to call so there's lots of a fighting between the ruling coalition between a center, the left, the vice president, christine fernandez. the cursor and the president himself, this has generated lots of instability among the opposition during the primary election that was not sufficing among the 2 main candidate. it was a few years back. so you know, to, so that one of them could win the election. i mean, the middle, there's this population that is transit struggling with over a 100 percent inflation in the country where it's difficult for many to make ends need with poverty rates on the right. it's interesting to know that many of those that voted for me may are young people, young people that have seen politicians fighting among themselves, why the rest of the population is struggling. and that's why when you go to many of the poorest areas, when a site is, but also in other parts of the country, people can, you have nothing else to lose. i don't care if i don't have a very s

but there is one factor in, in playing in argentina's economy today. that is a central to our problems. and that is the presence of the i about, uh, the i immerse uh, programs. uh the, the conditions they impose on those uh, receiving their loans are such that they generates inflation and they generate, uh, it was about the recession, etc. uh, we are seeing that this say out real time as, as we speak, i can relay what relay is that is that this program would be more radical than the i m s. program. and so one could expect with that with gen. ready ready a pretty strong reaction from organized sectors of society, especially labor union, social. ready etc, bottom one can also expect that it was not solve the, the phenomena from the problem since they have never solves economic problems in argentina or. busy anywhere else, so that should suffice students so sorry to interrupt. i want to say is this the best thing about one bed, one sort of longer term point. i'm reading an article that suggesting that even if you lose as the presidential election has been

one hundred years ago argentina was the most prosperous country on the planet. you won't believe it, but even the north american united states has lagged somewhat since that battle since the era has retained its fantastic pompous center. here baroque meets empire style, and art nouveau crowds the corner. shoulders not about classicism architecture, in truth, is all the former luxury only a monument. and actually tombstone. for a quarter of a century now, the country has been shaken by crises, each of which threatens to be the last. and half a century before, argentina, as from chills to fevers, was thrown from dictatorship to democracy and back in 2001, the world-famous political catastrophe happened here in 10 days in the country has had five presidents. the police shot down the demonstrations, almost in volleys, and then the city collapsed into anarchy and surrendered to the stream of plunder of marauders, total chaos lasted for six months, and then the situation for many years, remained only a little better. for us outside observers, we are talking about a lo

ready conditions on their, on their loads given argentina's situation. so one doesn't see a lot of a lot, a lot of a change in what day has demanded. and so the i a mattress also contributed a quite substantial. ready service to the terms, the instability, economic instability, char it's, it's a bit of a, of a chicken and egg problem. busy and what we'll come later um is. ready the total amount. ready so last thing i know you want to come in there, but i'm just going to essentially put you on hold for a 2nd. i want to, i want to talk to a heavy fall given the circumstances, the dodge and see the finds itself and, and given that they did this a surprise that has happened in politics. given everything that we've talking up been talked about. is there anything that the existing parties can actually promise to do and follow through on that would actually show that they have any sort of influence or control over the economy about would actually benefit audience? any is what the government might have to negotiate when they will see where they are. you may have

terry, what do you make of the argentina case? on the surface level, it does seem to suggest the, the, the dependence that the world still has on us dollars. it's a clear example of, of the options that the brakes might offer its origin seen it to help the country overcome some of these challenges, right? i'm not saying the brakes is a silver bullet. it will fix all the problems of origin, tina. but certainly it has the some very concrete platforms that can be extended to argentina. now as a, as a, as a member of the block starting next year to help overcome. and the 1st one is the, the new development bank. well, considering that origin, tina will formerly apply to joining the bank as a member of the brakes bank. it could take infrastructure investments to help and lock some of the bottlenecks infrastructure bottlenecks of freakonomics gross. if we take uh a, not our breaks platform, the contingent reserve agreement that was created in the same year as the n g b argentina to take a resources to help address uh, the, the liquidity

ron, and egypt, ethiopia, and argentina, to join brakes. the brick summit was held after the us, japan and south korea agreed to expand security and economic ties. before we go any further, a refresher course on what is brakes? the acronym was coined by former goldman sachs chief economist jim o'neil, back in 2001. it started actually as brick, which grouped together for the largest and fastest growing economies at the time. brazil, russia, india, and china. while the quartet ran with the idea later they invited south africa to join and that's when brick became bricks. the grouping relies on the combined economic power of its members to counter wait west and form such as the g 7. the group of 7 to advance nations brooks nations represents 42 percent of the world's population, just above a quarter of global gross domestic product. and a 5th of all trade. their total g, d, p, and purchasing power parity terms is actually bigger than that of the g. 7 brooks represents 32 percent of global g d p compared to just under 30 percent for the g 7 . a

of argentina to do so. ., ., so.st hat. so. put on your political analyst hat- what _ so. put on your political analyst hat. what will _ so. put on your political analyst hat. what will happen - so. put on your political analyst hat. what will happen when - so. put on your political analyst hat. what will happen when we | so. put on your political analyst . hat. what will happen when we get so. put on your political analyst - hat. what will happen when we get to the proper presidential election? has he a chance of winning? he does. we don't know— has he a chance of winning? he does. we don't know precisely _ has he a chance of winning? he does. we don't know precisely what - has he a chance of winning? he does. we don't know precisely what his - we don't know precisely what his popularity is. he pulled little over 30% in the primaries. but the other two parties, the candidates didn't do so well. some are close, 22%, in that area, including the governing party. the truth is truth is it is only about 60% of the voters

a second goal— argentina. rebecca blomqvist! a second goal of _ argentina. rebecca blomqvist!a second goal of the tournament i argentina. rebecca blomqvist! a. second goal of the tournament for blomqvist before a spot kick secured all three points. tougher tests lie ahead, next up world champions usa in melbourne. then to jamaica, a team that needed crowdfunding to even make it to the world cup, they knocked out brazil. it was a cagey encounter in melbourne which make up to get a stubborn display for a 0—0 draw, a same result they achieved against france earlier in the group. marta was recalled by brazil but it was not enough, defer to progress for the first time in 28 years. jamaica could now face colombia, germany or morocco in the round of 16. france can an early goal to panama. as they went on to score three but were never ahead again, of france getting five goals of their own and they will play the runners—up from that group involving germany, colombia and morocco. meanwhile, there's renewed enthusiasm in the england camp after the european champions emphatically qualifie

i wonder why it is needing to go by getting some timber to amera. dona was reviewed across argentina, but the bulk of this mountain stature, one reminded academy, is even higher, devoted almost his entire playing career to the club. within 10 titles. it doesn't what i forgot ever since that 0 guy maxime, while you go to finish study, i will go a while and we're not problems with them. i mean, they're going to include, i mean all me to know the route. kevin, we spent a total of 13 successful seasons with the club when he could have earned much more in europe during that time. is mural stairs across the trucks at marianna. and these 2 greats were in fact, decades long arrivals, culminating in a few words academy successfully, b r, a donated securing election of the new club chairman and was himself elected as vice president of book the, the human eyes getting a uh, color audio for the new i'm going to run the programs out of here about be awesome day because like, you know, what is from them in the meantime. when to say this has one of the largest concentrations of football clubs in the

so far 93 people are confirmed dead but more than a 1000 are missing. argentina. as far right presidential candidate appears to have upset the odds in the primary elections with about 90 percent of ballots counted heavier. mulay has more than 30 percent of the votes, which is much higher than expected. at least 3 people have been injured in a russian attack on the black sea, portable data and ukraine fires broke out that a hyper markets in a dormitory, from debris of missiles and drones that ukraine said it's shot down the desk that has come under regular attacks and so russia pulled out to be un brokered black c green deal, and at least one person has been killed and 7 injured in an attack on a permanent she a shrine in iran. this happened to be southern region of shiraz. police have arrested a suspect. this is the 2nd such attack in iran in less than a year. presidential candidates in ecuador talk talks about baffling crime. during a televised debate on sunday, an empty podium marked the spots were assassinated candidate for non d. o. v of a sense you would have

what with the fate of chinese investment in argentina be?we are looking for reactions from the chinese government. i have never seen a candidate be so outspoken against china. this is as harsh as you can get. when i asked him are you will and to talk to china, he was very clear he is not willing to engage with the chinese government. this is very important because china is the second largest buyer of argentine products. it provides $18 billion currency swap that the central bank is using to pay part of the debt with the imf. the lifeline the chinese gave is crucial. what javier milei is saying is we are not going to have any official business with the chinese. paul: at one point he said would you trade with an assessing when referring to china. still to come, gene goldman joins us next. this is bloomberg. ♪ wow, you get to watch all your favorite stuff. it's to die for. and it's all right here. streaming was never this easy, you know. this is the way. you really went all out didn't you? um, it's called commitment. could you turn down the vol

and it's working plus roots are what distinguishes this class from any other in argentina. i don't know if it's the deal, then it started. you can invest in that. are we going on with, you know, on your c store, you have on it, but i can see now that it can add that on there for when i know exactly what started the why that it's all that all code in order to monitor. and i've sent enough we do, i, i read that of you may not be done an issue with a guy. it's a great day for the president put on who as equity, wife, any telephone company picks. there's been a 2nd president to the under president, one federal and elected 3 times in the 19 forties fifties. and then again in the seventy's football was politicized. recognizing the importance of the working class of votes and the norm was drawing power of bulk of it. targeted the supports with populace proclamations, calling himself the 1st sportsman of r, as in tina, a divisive figured, he would later become infamous internationally for his use of torture against opponents and his support the flashes of whether or not he truly su

i didn't go move from northern argentina to lives in what she calls her spiritual home for her to book a football club, the neighborhood, and it's working class routes or what distinguishes this clip from any other in argentina? i why don't i do all then it started young kind of dressing that will be going on with it all on your c store. you have only for different fee. now, it can add that on there for when i load down the what started the why that it's all that all code and ready to i'm wondering, i've sent enough we do i, i read that of you may not be done. an issue with a guy it's a great day for the president put on who as a good wife, any telephone company picks. there's been a 2nd president to the under president, one federal and elected 3 times in the 19 forties fifties. and then again in the seventy's football was politicized. recognizing the importance of the working class of votes and the norm as drawing power of bulk of the target to the support with populace proclamations. calling himself the 1st sportsman of origin, tina a device of figured it would later become infamous

argentina has a first _ happens from here? argentina has a first round _ happens from here? has a first round on october 22 and for a candidate to win in the first round, they have to get either 45% or more of the vote or they need to get 40% of the vote with a margin of at least ten percentage points over the runner up and since we had a fairly even split between the current peronist government, the mainstream opposition and milei, we are talking 30%, 28 and 27% or something, probably no—one will win in the first round is what we're looking at is a run—off, that would be top two. if milei is the top candidate and the opposition candidates will be looking at milei against patricia billerica. she is also pretty hard right character. she has a lot of discount —— discourse around law and order. patricia bullrich. so it could be milei against bullrich or it could also be milei against sergio massa, the current economics minister, fairly centrist. and there is also the chance that there could be some kind of disaster for milei and he does not make it through but at the moment it'

and we are ready— get to argentina and we are ready to _ get to argentina and we are ready to go andn you _ ready to go and we play well, then you can get something going — then you can get something going -- _ then you can get something going —— going. then we can surprise _ going —— going. then we can surprise a _ going —— going. then we can surprise a few. going -- going. then we can surprise a few.— surprise a few. england will ho -e to surprise a few. england will hope to regain _ surprise a few. england will hope to regain strength - surprise a few. england will| hope to regain strength and unity. the team spent years preparing for the world cup. 17 days out there still reaching for something. days out there still reaching forsomething. patrick days out there still reaching for something. patrick geary, bbc news. to cricket, and while it might not have made the news all over the world, on 13june this year scarlett hale became the youngest international umpire at the age ofjust 18. she officiated at a t20 tournament in rwanda. our reporter lewis coombs has been to meet her to ta

, . for argentina? what is behind his victo 7, . ~ �* , for argentina?avier milei's victory is the economic _ victory? javier milei's victory is the economic situation - victory? javier milei's victory is the economic situation that. victory? javier milei's victory is the economic situation that is l the economic situation that is serious, with an inflation level over 100% a year and this idea that we can adopt the american currency as the official currency of our country. as the official currency of our count . , ., ., m country. tell us more about him? he started as a — country. tell us more about him? he started as a journalist, _ country. tell us more about him? he started as a journalist, an _ country. tell us more about him? he started as a journalist, an economicl started as a journalist, an economic journalist, really colourful, with some extreme ideas. he started to draw attention, because the tv loves him and he started to get more air time and suddenly he was so popular that he decided to jump from the tv studio to the national arena. he was e

of course, this results in argentina's economy on monday, origin time bones are down. the us dollar in the power in markets seems as comfortable the government evaluated the currency around 22 percent. something that many, many fear could translate into more inflation, economy minister side of fuel myself, which is also a presidential candidate, has a very difficult months ahead until the president of elections are held in october with a bullet kind of economy such as argentina. october is going to be a very tight presidential race where economy administers have fuel. my site is going to be a candidate where that together for change, but pretty salvage. it's also going to be a candidate. but the possibility that have you had to be late could make it to the presidency, is already having an impact they have. well, i just see that one side is maybe 50 people have died in the northern indian state of the modules for the asian. off the torrential rains had the region unusually heavy rains and melting places have caused flash logs. as mach level reports with pickaxes shovels

a wildcard candidate in argentina was a winner in the primary last week.will also be watching for a second round in ecuador. they are watching russia were capital controls were brought back. they are still looking at nigeria, where there is a new administration. shery: despite the risks, our next guest is seeing emerging market equities as the most preferred and their global portfolio. joining us now is alejo czerwonko from ubs. great to have you back. what drives your optimism? >> the think this -- the thesis has to do with the economic outlook and the earnings outlook is less bad than what is priced in. there is a lot of gloom and doom and it takes a little bit less pessimism to transpire for portfolios to do relatively well when it comes to emerging-market equities. within the asset class, you have the situation in china which is absolutely dire, but we think there will be policy easing which should help stabilize sentiment. you have brazil and chilly, where recently you had interest rate cuts, plus relatively stable political risk. finally, countries s

be without both owen farrell and now billy vunipola for their opening game of the world cup with argentina after bans for both players were confirmed. farrell has been handed a four—match ban after world rugby successfully appealed against the decision to overturn his red card against wales. he'll miss the opening two games of the world cup in france next month. vunipola, who was sent off against ireland, has been banned for three games but it could be reduced to two if he completes the world rugby coaching programme on tackling. our reporter sara orchard has been telling me about how it impacts england's chances at the tournament. ultimately, it has been disrupted, losing your captain for what would be the two most important games of england's polar stage and argentina and japan are the strongest in their group, however, the rugby world cup draw was done in a long time in advance and that means that those pools are extremely lopsided, meaning teams are ranked 1—5 in the world are at the opposite side of the draw to england are, so despite this disruption, you would expect england to get t

it's almost in this argentina we are upset without being able to feel to project. but we also have a reason to celebrate and this is the possibility to lead a profound change in argentina. the ruling coalition was punished by voters president the fundamentalists and vice president. christina, for now this occurs now won't be running again. there coalition held responsible for the country's economic terminal made worse by the from demick and the drought. we are going to fight until the last minute because we all show that an argentine at work, our rights and public education needs to be defended and that cannot be changed. presidential elections are 2 months away, but the primary show people's feelings across the country. many i tired and are willing to vote for anyone that will promise radical change daily. so i will just see that when a site is the still ahead on else a 0 talking tough on crime. a presidential debate is held in ecuador after one of the candidates was assassinated. and will report on why more children are facing sexual abuse and parts of pakistan.

if he becomes argentina's next precedence. the far right candidate has been compared to donald trump and he's promising to dollar rise the country and get rid of this central event. so most of the day to see i bowed it, you know, we have a society full of people. well, the only ones who have profited all the political leads many young argentinean say they will vote for me in the primary elections. and the 2nd side, we are tired of the economic crisis of seeing or friends leaving, which is what many have done really has managed to shift the presidential rates towards the right. capitalizing on growing frustration with traditional politicians, the economy, the concern for the to those zip codes with around a 7 percent completion rate every month. the prime, please provide not positive really just 2 months before the presidential election. i know so don't know. it's important that going to be some familiar names on the ballot include the set of fuel massa. the economy minister will steering argentina throughout financial crisis.

argentina will be one of the most conservative presidents in argentina and the whole of latin america. and consider more social, cultural and economic issues and more and do more work so that i can sum up in the next periods with the conditions you mentioned, it can be known as the resurgence of leftists in latin america, analysis of the political future of latin america according in this situation , what has been formed in different countries, are they in the orbit to the left or right, and fortunately, in brazil, mr. elections , there are four years of handing over to work , the second round is possible. it will be just a worry, the child with a great mother will win the election, america will move to the left and the views related to the application of many social policies, helping the kurdish people in the field of health, developing education and men , i want the people, i want more from the government in this area . american pickups, questions to ourselves and the most fundamental area of ​​the future of latin america is the presence of charkhab in my left hand, at least until n

a group of photo nationals as being arrest argentina. as far right presidential candidate appears to have upset the odds in the primary elections. harvey, a malay has taken the lead with more than 40 percent of the votes. the consecutive block was behind with 28 percent and the ruling coalition came in 3rd place with 27 percent. general election is going to be held in october to support reports from point a status. the are the thing is, are trying to recover from the shock of sunday's primary results were a candidate from the far right. like have you gotten really managed to get around? so 2 percent of the votes. so what happened? argentina has been struggling with very high inflation. around a 120 percent inflation rate in the past year of complex web of exchange, we'd controls that has an impact on the economy. and of course, this enchantment with a political class that has failed over and over again to address this country's economy. when you go to poor areas in the city of what a site is and many other parts of the country, young peo

the, this is level bonita that show fitful home to book a juniors or simply argentina's most successful winning 69 official places. today the players began their career and go into the 2 national stars like 10 each year. and then of course, there was the late great diego model today, almost an incredible 40 percent of the crazy country. if there was to book the here at the museum of passion for book luciana among j a lifetime support or is teaching her daughter juliet to the history of her been of a team? well, i might be by that. and well, guess what? i mean, by single see you all the same bread you over, but i mean, i see all cut out for them all in one, the single all guy and say, yeah, that's the into the think i am a put in mounted palermo became ponce's book of full flow training and what is generally recognized as the biggest match in the clubs history. the final of the inter continental cup in japan against one of your most famous teams, re madrid, it out, i don't the thank you for him on the. so to a last wednesday, so yes i the problem, but i will value money a 1000000 chance.

leÓn: una ola de saqueos azota argentina en plena temporada electoral.queos se desatÓ y las autoridades han detenido a unas 100 personas solo en buenos aires. el gobierno le hace frente a la situaciÓn que segÚn el gobierno de seguridad tiene como objetivo causar inestabilidad en medio de un perÍodo de elecciones en argentina. maity: los bomberos continÚan luchando contra los incendios forestales al norte de atenas. estas imÁgenes muestran la velocidad a la que se expandan los incendios. leÓn: les tendremos las imÁgenes de cÓmo una mujer logrÓ que atraparan a un ladrÓn en mÉxico. si algo hemos aprendido es ver tu entrega y tus ganas. por eso, nos reinventamos con más valor, más cobertura más confianza. en usps, nos entregamos como tú. el united states postal service. entrega para todos. ♪zyrtec♪ comienza a actuar desde la primera hora. y es 2x más fuerte cuando lo tomas otra vez al día siguiente. para que ellos puedan ser... los esteros felices. seamos más que nuestras alergias. dile zy a tu día™ ♪ leÓn: una joven pareja de washington que se convirtiÓ en

but some american countries and argentina are actually disturbing and worrying and it will happen in argentina and the whole of latin america and they should consider social, cultural and economic issues and more and do more work so that they can succeed in the next periods as well. in the pole as a clause with the conditions that you mentioned can you do it? the resurgence of the leftists in latin america. he knew your delivery from the political future of latin america. according to these conditions , other countries have been formed , what are they to the left or to the right ? the child who will be the last election poll in mexico, now it is only argentina that is a concern, the child of the election will win the election . distribution of people's education people's choice, i want more from the government to enter in this area and american pickups are the basic questions of the future of latin america regarding the presence of the wheel in my left hand for at least 8 years . now it must depend on the performance so that i can keep myself i would like to thank the guide, zain al-

javier milei has won a primary election in argentina.e was once a singer in a rolling stones tribute band and says he has policies to give argentinian people satisfaction. reporter: smiles and hugs for a political outsider who has just lit up argentina's election rate. milei lapse up the applause knowing he's one of the favorites to rule the country. rock anthems always provide a soundtrack to his rallies. the former singer in a rolling stones tribute band and economics professor promises radical change in a country where two forces have ruled for decades. people are sick of the cost-of-living crisis. >> it doesn't matter other it is good or bad manners. enough of the fallacy of discussing foreman. let's discuss content, the content you don't want and we have plenty of. i invite argentinians to join the liberal revolution that will make argentina a world power again in five years. reporter: his supporters say he is offering something completely different. he is flattered to be called in argentinian donald trump. critics say his credentia

bullied says she also wants to help transform argentina. it's almost in this argentina we are upset without being able to feel to project. but we also have a reason to celebrate and this is the possibility to lead a profound change in argentina. the ruling coalition was punished by voters president. i read at the front of them this and vice president, christina fernandez. the coach now won't be running again. they're going lucian. held responsible for the country's economic terminal made worse by the pin demick and the drought. we're going to fight until the last minute because we all show that in argentina. look, our rights and public education needs to be defended and that cannot be changed. presidential elections are 2 months away, but the primary show people's feelings across the country. many i tired and are willing to vote for anyone that will promise radical change daily. so we'll just see that when a fight is or the father of 2 of the full columbia and children who survived a plane crash in may, has been arrested. prosecute, just ha

this results are coming from different parts of argentina, a lot, what we are hearing here from very high source. those of this correlation that together for change coalition is the far right time to come. here to me is getting lots of boats much more than additionally thoughts on to raise at one of the candidates been saying in terms of the economy, what kind of promises have they been making when in a country like cartoons, you know, there's been lots of promising pricing information, putting a man to what many say on winning this, this up different types of exchange rates that exist in the con, supporting and then to poverty around 60 percent of the children in argentina are poor. but what have you had? i mean, the, the far right time grade has been promising is something that is why they come in our country like cartoons, united dollar rising, the economy is shutting down the central back. and of course, what we're hearing right now is confirmed. it shows how tired people are on the economic situation in the country. the candidates from the coalition where i am right now that tog

and it has also raised the, the, the index here in argentina. so it's a very, very complex scenario. argentina has been negotiating with the international monetary fund. it's desperately work a waiting for a disbursement over on $745000000000.00. i need to accomplish scenario for economy ministers set up. so my son will last 2 months to go and we're not very bold. i'd highly corner me until the presidential elections out here of hers in october. teresa, thank you very much for that to raise the bar live and when a side is some members of the f. b. i have arrived in ecuador to help investigate the murder of the anti corruption presidential candidate fernando. via visa and see you in the last televised presidential debase. the remaining 7 candidates presented their plans to deal with the countries escalation, crime wave, alaska in america edison to see a newman reports from key. so equip doors. final televised debate began with a minute of silence. the candidate who was assassinated last week, it was explicit. we want to express our condolences to

paul: bloomberg argentina blue -- bloomberg chief, right there. potential strikes in australia threaten to shatter the fragile balance of global supplies. we will have details of that story later this hour. wells fargo investment institute tells us why they expect steady to high u.s. inflation in the coming months to trigger further fed hikes. a global market strategist joins us next. this is bloomberg. ♪ >> the administration remains committed to taking actions to lower prices for americans where we can. and we continue to monitor developments, particularly those abroad, that may affect prices in growth. shery: u.s. treasury secretary janet yellen on the path to easing prices. our next guest is expecting steady to higher inflation in coming months that will prompt further fed rate hikes later this year. let's get more from gary schlossberg, global market strategist at the wells fargo investment institute. it is great to have you with us. does this mean all of this bullish sentiment in stock markets are not really warranted? what will that mean fo

in argentina, 13 you mining projects of prospecting fully see him by 2030. the country could become the 2nd largest producer of the metal in the world, the 900 killer, which is north of the chinese plant, live. the salt works of setting as grande's by the indigenous population has been harvesting sold for more than 4000 years. well, that's almost like that the use of the colors, but the cost of the salt works here has also been targeted by the lithium industry in 2019 the local community heard that prospecting was about to start from the land roman jewelry. i love it. busy in the line, when i really don't like you know this, but what i feel this both the the, the, the well, the key means i don't know what i don't know the policy at all. i don't keep the same thing with all the people hold a 2nd thought, of course i seen the 2nd one was to them. i keep listening. so sleep were really mean, if i thought those of course, at the school, how to ship candle sounds like i'm going to sound good. i think a lot of ways that i found you that ideas and thoughts it. no,

president of argentina.s a lot going on with this man. after that video, you learned everything you need to know at this point. he continues to say he does not like -- in fact, he really hates the argentine central bank -- he says it is useless and has caused a lot of the problems in this country. remember triple digit inflation. he talks about this idea of using u.s. dollars in the argentine economy, people have lost trust in the argentine peso, let's just switch to the dollar. there is a question about default. he is willing to talk to the imf. argentina is in a program with the international monetary fund, but he says my fiscal reduction will be so big, there is no need for default. can he do that? there is a lot of questions in terms of his actual program and we have seen it reflected in argentine assets this week. it has been a rocky week for the country, definitely a lot of emotions. lizzy: what to investors definitely want to see from him? maria: the fact that yesterday he spoke to bloomberg. he knows

after argentina, tournament and argentina. that will be ourfocus. game will be our focus. krystsina tsimanouskaya, the belarusian sprinter who defected at the tokyo olympics two years ago, has been cleared by world athletics to compete for poland after it waived the normal three—year waiting period for nationality changes. tsimanouskaya refused to board a flight back home from tokyo when she was removed from the olympics against her will after publicly complaining about her national team coaches�* decision to enter her in the 4 by 400 metres relay, which was not her usual distance. she defected to poland, saying she feared for her safety if she returned to belarus. poland granted her citizenship last year. for all the latest, you can download the bbc sport app to your mobile or your tablet. and that's all the sport for now. governments around the world have increasingly expressed concerned about chinese influence in their politics. it's something beijing denies, but investigators from the new york times say they've uncovered a network of left—wing n

in argentina, 13 you mining projects of prospecting, fully see him by 2030. the country could become the 2nd largest producer of the metal in the world. the 900 kilometers, know some of the chinese plant live. the salt works of setting as grande's by the indigenous population has been harvesting sold for more than 4000 years. and it's almost like i said that our a lot of different color, but the cost of the salt works here has also been targeted by the lithium industry in 2019 the local community heard that prospecting was about to start from the land roaming zullie. a lot of people i seem to like when i really don't like you know this, but what i feel this was the only couple 3. it'd be well stuckey and i don't know but i don't know the policy at all. i don't quit and i've looked at the same thing with the with the thought that i give a hold a 2nd thought of course, i think the 2nd one was to keep liberal sentences flip over to me. so i thought those of course i thought that's what those cool headers you can contact on the contact on the phone. good. let's t

be without both owen farrell and now billy vunipola for their opening game of the world cup with argentina after world rugby confirmed bans for both players. farrell has been handed a four match ban after a lengthy process and will miss the opening two games oft the rugby world cup in france next month. vunipola has been banned for three games but it can be reduced to two if he completes the world rugby coaching programme on tackling. our reporter sara orchard has been telling me about how it impacts england's chances at the tournament. well, ultimately it has been disruptive, losing your captain for what would be the two most important games of england's pool stage in the argentina and japan being the strongest in their group. however, the rugby world cup draw was done a long time in advance and it means that those polls are extremely lopsided. and that means that the team is ranked one to five in the world are on the opposite side of the draw to where england actually are. so despite this disruption, you would still expect england to get through that pool stage and reach a quarterfinal,

let's just have confidence it was on the coordination that his chicken was in the finals of the argentina tournament , god willing, it will last for our children, god willing, it will make the people happy. in the past, he has earned the right to participate in the world championships in group 8 of the sweden games, the faroe islands, and in the first game at 18:30 tehran time, he will face sweden, iran's juniors . tomorrow, he will go to the faroe islands and saturday winner the world junior handball championship will be hosted by croatia until august 22. the acting minister of sports and youth at the end of his first appearance at the government council meeting with the media said that the acting minister of sports and youth spoke to the media at the end of the government council meeting. this conversation was accompanied by a good news for the athletes, the management program of dr. manzoor brothers, so that we can do it before sending the iranian convoy to the asian games in china to motivate hashemi's lesson about football astronomical contracts. the supervision of the specialized de

in argentina, 13 you mining projects of prospecting, fully see him by 2030. the country could become the 2nd largest producer of the metal in the world. the 900 killer. mit is north of the chinese plant, live. the salt works of setting as grande's by the indigenous population has been harvesting sold for more than 4000 years. so that's almost like that to amuse the color. but the cost of the salt works here has also been targeted by the lithium industry in 2019 the local community heard that prospecting was about to start from the land where a lot of people it seemed like they're like really feeling like, you know, they were assuming this was the review, well, stuckey and i don't know, but i don't know the policy at all. i don't quit and i've looked at the same thing with all the thought that a give a hold. a 2nd thought, of course, i think the 2nd one was to keep liberal sentences, flip the meal for those. of course, at the school, how does you get that congo sounds like under the found good. let's take away that i sent you that ideas and thoughts it not? no

las teorÍas surgen a la llegada de luis miguel en argentina realizar y de acuerdo con ventura, el cantantel y tiene otros dos que hacen vida social. >> asegurÓ haber reemplazado al artista en argentina en 2010. >> lo que parece es que seguramente perdido peso y la mayorÍa de los pacientes que pierden peso, la cara se le cae, mirando foto de antes y despuÉs, en el 2015 y ahora fotos de Él hace poco, se ha hecho la cara y el cuello. >> va a permanecer en un hotel de argentina y sostuvo que su mano firmÓ un contrato de con fidelidad y que no puede realizar notas y el contrato tiene penalidades muy altas en caso de no cumplirlo. >> criticaron por un anuncio de campaÑa en el que fingÍa echar combustible en un vehÍculo para subrayar el alza del precio de la gasolina y es que no seleccionÓ el tipo de gasolina y la mÁquina sonaba indicÁndole que tenÍa que pagar y dijeron que llevan aÑos sin que che la gasolina y despuÉs de unas semanas de anÁlisis, fue nombrado oficialmente oficial tÉcnico y prohÍben la pelÍcula barbie con >> el menestra de cultura prohibiÓ la pelÍcula barbie, contradice los valor

this was the tackle which would rule him out of his nation's tricky opening match against argentina.en farrell who will miss two games in the tournament due to his own yet more challenges for a team that has struggled for form for some time now. england have been desperate for form. we don't know how they are supposed to be planned, they don't score tries, as pushover try against wales. there is no pattern. i don't think teams are particularly worried, they have lost their aura. this was not where england or they would be. eddiejones who led them to the last world cup final was supposed to take them into this one but he was sacked the end of last year, replaced by steve borthwick who couldn't lift the team beyond fourth in the six nations. england, it seems, were being bypassed. the world cup warm—ups have left many calls, so do the players really believe they can win the tournament? i wouldn't be here if i didn't believe it. from the outside, there is a lot of outside noise at the minute, we appreciate that, everyone has an opinion on the england team. i've been used to that for 15