both support a brazil-eu trade pact, but that is a long way from approval.there are powerful interests at play, like the meat industry. brazil's low prices have made it the lowest -- largest meat exporter in the world. they are facing steep opposition from the european farm lobby. but the upcoming fee for world cup and summer olympics in brazil could push these -- fifa world cup and summer olympics in brazil could push these disputes into the background -- at least for a while. >> businesses and the brazilian people have the big sporting events, the world cup and the 2016 olympics, insight. that creates a better environment. it gives a boost to the brazilian economy, which will return to growth. >> the country is planning to invest around 40 billion euros n infrastructure. a big opportunity for german companies. in just a moment, we're taking a look at a court case that is attracting a lot of attention in germany. >> first, some other headlines this hour. a car from -- bomb has exploded outside a libyan hospital in the city of benghazi. one official said at

brazil has officially inaugurated its new natural stadium -- national stadium in brazil. the first match to take place is kicking off now. the president took to the pitch to open the stadium which will be one of the centerpieces of the 2014 world cup. it is brazil's most expensive, costing more than $750 million to build. at stadium in brasilia, hello, and they become it is quite a structure. how is the match going? it is just about to kick off in the next few seconds, actually. we expect a few thousand people, not a huge crowd. that is common for the small, local club teams. brasilia, the game itself is not so much important, what is important is the structure behind me. this is as you mentioned one of brazil's biggest and boldest stadium projects ever. the ilders said it is absolutely no expense spared. for critics, they say that was exactly the problem. stadium in newest brazil's national capital city of brasilia. workers putting the final touches on the stadium in the days leading up to its long enough -- long-awaited inauguration. holders say the long-awaited opening

on that side is the country ofiana and this is brazil. brazil has an enormous border. it borders ten different countries. just to give you an idea, just brazil's border with yana is over 900 kilometers long. so it gives you an idea of the enormity of this operation and how much needs to be done. this is one of the border checkpoints between ghana and brazil and the military here is out in force and they're checking every single car that comes from that country here in to brazil. they're looking in the back seats, in the trunks, even the engine. and they're looking for contraband because they say that is the biggest problem that they've been encountering here, is bringing up illegal products from that country into brazil. in a normal day they say between 6-900 cars pass through here and they might not be able to check all of them. but now they have add troops here and they are checking every single car. >> these are just some of the medicines that the army has brought to this community that we're at right now. it's a small community of only about 650 people mostly indig

brazil ahead of the world cup. >> this is the last thing brazil wanted right now. they're supposed to play brazil against england in a very high-pro find friendly that is supposed to be reopening of the kanasa, famousca center piece of football, under construction the last two years. this was going to be the big coming-out party for the new stadium in rio, high anticipation and this has really embarrass brad zill quite frankly. it happened today, which is a national holiday, so we will very to see what fallout there is tomorrow when people come back to work. but make no mistake about it, damage was done no matter what happens. this is really a black eye for brazil right now that they're going to have to try to fix very soon. >> russian officials and businessmen have stolen billions of dollars from the 2014 winter lches and that's according to a government opposition leader. boris has released a report claiming widespread corruption ahead of next february's gains and has called for full investigation. >> the main conclusion from the first chapter of our report is th

. >> set free is focussing on brazil, specifically. world cup is coming there. why brazil when it comes to issue of sex trafficking? >> there is a large number of children. it is a regional problem, it is all the countries in latin america that feed into brazil. whatever we do now is strategic from now until 2016. we are working with churches and partnering to unite these organizations together to combat human trafficking. >> talk about that, who has the answer, these various ngo's, perhaps the church? >> it is. the church has a mandate to care for the least of these, orphan and jesus had a deep affinity forchn. in that same vein the church has the responsibility to step up. we are not trying to force anything on the churches. theorizing up 400 different denominations in brazil, faith based working to combat human trafficking. through the power of media, social media, come alongside you and help. >> it is encouraging you have seen the global church get involved in justice specifically with human trafficking. thank you, sir, safe travels to you. >> thanks, george

. >>> japan's trade minister is calling on brazil to of increase their business environment. he met his brazilian counterpart. brazil has been experiencing high growth ahead of the 2014 world cup and the summer olympics. buff the number of japanese firms operating there hasn't increased over the years. one reason is that the tax system is too complicated. he's asking the brazilian government to review it and look at other changes that could improve the business environment. japan is viewed as an important trade partner. he indicated that the tax burden on brazilian companies is similar to that of foreign firms. >>> people looking for work in the united states are seeing improvements. the latest figures show employers added more jobs than expected in april. and the unemployment rate hit more than a four year low. u.s. labor department spokespersons say the unemployment rate last month was 7.5%. that's down 0.1 percentage points. employers added 165,000 jobs in the nonfarm sector. analysts had expected about 150,000. employment opportunities increased in professional and busine

>> i think brazil should actually hike rates, but i don't think it will. is a lot of political pressure for that not to happen. they went too far lowering rates at the time, and now, you know, in a way, they are behind the curve. and probably they will stay behind the curve. so, inflation happens to be probably even a larger problem in brazil than its actual growth is. so, yeah, it's a gloomy picture. it would be hard for them to hike rates, but they do have to hike rates. and such a weak currency, you know, with the huge capital inflows going to emerging market just doesn't make any sense. it does show the weakness of the economy, unfortunately. >> maya, how does the central bank lift interest rates when it's trying to rein in credit but also create a growth story? >> well, i think the first point i'd make is i sort of disagree with brazil certainly needs higher rates. it's got the highest real rates on the planet at the moment, so i'm not sure that the need point is correct. certainly when, you know -- i mean, you've got inflation is still high at 6.5%.

[laughter] >> they're making a brazil.oday we don'tave a truly free market for anything. if we had a truly free market for energy how would that chann the energy we use. and what a lot of the alternative energy be used, eve feasible unnaturally free-market . >> that is a great question. first of all, energy would be cheaper. how would that shape the market? tht is a fantastic question because that gets to the heart of the issue which is, i cannot determine, some government bureaucrat cannot determine, evenhe best energy economic expert in the world cannot tell us what will be 20 or 30 years from now the most eicient, economical energy source. that is why governments to allo the free market to work and therefore entrepreneurs will bring to market those pructs and technologies that work best. >> you say y want the government to create a mandate to give us more choice in the market, but we already have a cice. we can choose to buy or not to buy products. are you really is saying you don't like the choices we have made? >> i k

for example, in 2013, exports from brazil are going to increase by 400%.dle that with the current port, the state of poor infrastructure, highway infrastructure? kwie ironically, the cheapest -- in the world is the brazil soil. at the game of the form. but then when you have to take the soil from the hinterland to the portal centers, the rise there and really to be exported is expensive, than is soil produced in the u.s. so whatever advantage brazil could have has been undermined because of the serious infrastructure concerns. >> so, you know, transport costs essentially undermining the country's competitiveness. but how do they -- how do they get to grips with this? you talk about this perhaps it's a pack program. they planned between 2007 and 2010 through $350 of investment. how much is behind schedule? how much has been completed? are they delivering on what they have already planned? >> well, i think there is a discussion here in the payment of service says that the first face of the park, the ambitious infrastructure program brillat, was about 70%. th

fine position for her to take. >> donna brazille. >> i like the new bangs. >> donna brazille, jessica >>> when we return, north korea launches a missile. a prom 50 years in the making and someone in florida is a big winner. the headlines are next. [ female announcer ] from more efficient payments. ♪ to more efficient pick-ups. ♪ wireless is limitless. diarrhea, gas, bloating? yes! one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. live the regular life. phillips'. [ female announcer ] almost nothing can dampen a baby's mood, when he wakes up dry in pampers. unlike other diapers, pampers has 3 absorbent layers, for up to 12 hours of protection overnight, and more beautiful mornings. ♪ pampers. peaceful nights. playful days. [ female announcer ] from meeting customer needs... to meeting patient needs... ♪ wireless is limitless. >>> time now to get you up to speed on today's other headlines. nort korea fired a short-range missile into the sea of japan. this is their fourth missile launch in two days. a launch

in brazil, it is a great economic success story of the first decade, of the century and mr.cardoza, president cardoza should take a lot of the credit for the reforms, lula he didn't undo them, it was a little disappointing, and i think needs now, we need a new reform verse. in mexico, that is one to my mind the most exciting political, economic story. >> rose: what is it? >> he is -- this president -- it is about a new president, because he has drawn up a bold, a brilliant political strategy where he got the other parties and got a good election win and he has taken on not just the invested interested in the trade unions but also the most powerful man in mexico, a billionaire. >> rose: antitrust issues. >> absolutely. and he has taken him head on and really surprised mr. slim. >> rose: he is a market man? >> he is a market man but a reformist, and -- >> reform what? structure. >> the regular structure he is taking on vested interests that have held mexico back for at least a couple of decades. this is a remarkable politician and i think we should all wish him well, particula

three visitors from brazil were killed. 22 others were hurt. the president of the company that operates the balloon said it was going up when it collided with the basket of another. it plunged to the ground. many of the injured suffered broken bones. tourists go to the region to see rock formations and volcanic peaks. >>> she's made a lot of headlines. she's young. she's a female executive. she's a mother. no stranger to the media. now she is making headlines for her latest yahoo tries to turn itself around under marisa mayer. yahoo hopes to boost earnings. tumble helps people make their own web pages and blogs. they can share information with friends. david carp is 26 years old. he founded in 2007 after quitting high school at the age of 15. some 300 million people use tumblr every month. u.s. stocks ended slower on monday as profit takers cashed in on the recent strong rally. this comes amid speculation the federal reserve may taper its quantitative easing program by pumping less money into the market. the dow jones shed 19 points to end at 1

final destination, brazil, 2014 in time for the world cup. he was just two weeks into the trek when yesterday morning, less than 24 hours ago, while dribbling down 101 in lincoln, oregon. a driver of a pickup truck accidentally hit and killed him. swanson died later at a hospital. he was 42 years old. a father, a man who loved to play soccer and very easy to get along with. on his journey, he made friends with strangers who agreed to take him in each night along the way. >> all i can say, in the short period of time that we met richard and got to know richard, he quickly became like family. my kids loved him. like i said, i was jealous of his journey, being a soccer fan. >> reporter: and this is a statement from the one world football project in berkeley. we are deeply saddened to learn about richard's death. he was a very inspiring man who in a very short time walked his way into many lives. our thoughts are with his family." richard was dribbling one of the soccer balls that the company sends to the developing countries. what making the soc

. >> stephen: brazil owns a ton of our debt. england owns a ton of our debt. >> not even close. >> stephen: i'm going to call bull [bleeped] on that. i think brazil owns a bunch too. can someone check to see if i'm right? they said i'm right. [laughter] wait a second. no, no, listen, listen, you're the harvard guy, i'll give you that one. let me ask you this, as a kid, and howl are you? >> 43. >> stephen: yeah, as a kid, growing up, we're never going to get off our dependence on foreign oil, right, we'll be slaves and chains. they're going to own our women and their harems in saudi arabia because we'll need their oil. now we're fracking north dakota. we got more oil than we know what to do with in the future. there's plenty of oil out there. we can sell this to other people. is there anyway we can frack our economy and no longer be dependent on the chinese and we flip the script and china is dependent upon us for sales, but we don't need their cash, game over. >> it's a great plan. >> stephen: thank you. [cheering and applause]

brazil said it was writing off 700 million euros. hundreds have demonstrated in taiwan against the countries nuclear policy. they say a planned referendum on whether to complete the island's foruth nuclear power plant is unfair. the government says it will only accept a no vote it turned out reaches 50%. sports news. the winners and losers of saturday's championship league germany again.in they arrived in munich saturday. was the first major international title for the players. who lost thet match, there is the consolation of a warm reception from their fans on their return home. the players held their heads high when it returned from london. the fans showed their appreciation despite the final defeat against byron. it's a sade end for the players and their coach. >> we are still very disappointed. obviously of first, we were frustrated. was a big disappointment. but we quickly realized that we lost to a very strong opponent. >> the victorious team flew back to munich with the trophy. the players were met by the sort of weather expec

reports from the recent meeting of the brics brazil russia india china suggest they are ready to dismantle the dollar system do you see this happening max the brics may want to end the dollar system without it's likely in the share on what they're more likely to do is start the beginnings of an alternative system but it's important understand these things take years you can't just snap your fingers and have a new currency actually you can have you can take a currency make it a trade currency very easily china is doing this with the you won they have bilateral agreements with brazil and some other countries that's just a matter of keeping score you can have you can use bottle caps as a trade currency just means you keep score and you buy a lot or trade surplus or deficit and set up every now and that reserve currency is something different to have a reserve currency you have to have investable assets and what are reserves reserves your savings it's your surplus is the amount of money you make who trade surplus and direct foreign investment and other sources so you have to invest in somethin

agree on something the losers just south korea australia taiwan thailand china brazil switzerland all the other countries in the world so g twenty all against all it's sort of two sides to four against you sixteen so it's still a currency war you're still going to see push back and what we should expect from this is inflation but remember you know as milton friedman said inflation comes with a lag so it doesn't mean just because people are printing you get inflation the next day the other things have to happen behavior has to change in velocity as to increase as we've discussed. reports from the recent meeting of the brics brazil russia india china suggest they are ready to dismantle the dollar system do you see this happening yet max the brics may want to end the dollar system or that it's likely in the shower on what they're more likely to do is start the beginnings of an alternative system but it's important understand these things take years you can't just snap your fingers and have a new currency actually you can have you can take a currency make it a trade currency very easily c

[laughter] >> they're making a brazil.> yes, ssr. >> today we don't have a truly free market for anything. if we had a truly free market for energy how would that chann the energy we use. d what a lot of the alternative ener be used, even feasible unnaturallfree-market . >> that is a great question. rst of all, energy would be cheaper. how would that shape the market? that is a fantastic question beuse that gets to the heart of the issue which is, i cannot determine, some government bureaucrat nnot determine, even the best energy economic expert in the world cannot tell us what will be 20 or 30 years from now the most efficient, economical energy source. that is why vernments to allow the free market to work and therefore entrepneurs will bring to market those products and technologies that work best. >> you say you wantthe government to create a mandate to give us more choice in the market, but we already have a choice. we can choose to buy or not to buy products. are you rely is saying you don't like the choices we have

fine position for her to take. >> donna brazille. >> i like the new bangs. >> donna brazille, jessicae, ana navarro, good-bye. >>> when we return, north korea launches a missile. a prom 50 years in the making and someone in florida is a big winner. the headlines are next. i got this. [thinking] is it that time? the son picks up the check? [thinking] i'm still working. he's retired. i hope he's saving. i hope he saved enough. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. whether you're just starting your 401(k) or you are ready for retirement, we'll help you get there. picasso painted one of his master works at 56. doris taerbaum finished her first marathon at 50. not everyone peaks in their twenties. throughout their lives. passion keeps them realizing possibilities. an ally for real possibilities. aarp. find tools and support at aarp.org/possibilities. your day to unplug. aarp. with centurylink as your technology partner, our visionary cloud infrastructure, and dedicated support, free you to focus on what m

brazil has moved one step closer to fully recognizing same-sex marriage.the council that oversees the judiciary says same-sex unions can be recognized as marriage. advocates want gay marriage enshrined in the constitution. global warming is opening up opportunities for shipping and february, mining companies as melted ice means the arctic is more accessible than ever. russia is aggressively exploring the resources, and china could be the latest power. we report from iceland. >> the summer sea ice is melting and the chinese are coming about whether the countries in the polar region like it or not. huge reserves of gas, rare earth and uranium lie here, and under international shipping law, any vessel has the right to be in these waters. for countries like iceland, it presents a huge challenge -- how to manage the increased exploration and trade and preserve the environment. >> and we have the obligation watch out for the nature in this area -- there will not be oil spills, contamination and so forth. it is not just a question of having new opportunity. it is

they're following this car through a slum of brazil, that is highly populated with many, many homes.any residential buildings. in this part of the video you hear one of the officers screaming hit it. hit it. >> what? >> oh. >> as soon as he says that, they start firing at the car. you can even see the sparks from the bullets from the ammunition hitting the car and the homes around it. >> it looks like they fired at this car for several blocks. i would think that's incredibly dangerous given how populated this area is. does that not seem reckless? >> it does seem reckless. part of the investigation that came from this video is to determine whether officers used enough safety precautions to prevent injuring other civilians in this slum. so the chase ended up lasting about nine blocks, and eventually you do see that car stop, and it's hard to see from the video, but you see someone get into another car. according to some reports, they found the body of the drug dealer later in a different car. >> was anyone else injured? >> at this point there is no word if other suspects were injured f

is it brazil, the u.s., or france? - u.s. - i have to go with u.s. - it is brazil. - wow. - exactly. happy mother's day, and thanks for being on the show today. - thank you. - first business news continues right after this. tesla is on a tear. mark sebastian of option pit mentoring joins us now. mark, is it too late to get in on this ride? - that was a huge move yesterday, but i don't think so. yesterday looked a lot like partially great earnings and partially a big short squeeze. when you get these big short squeezes, typically the stock is going to ease off a little bit. we saw a huge move, but i think you will be able to buy tesla back for about 10% less than its current cost in a couple of days, latest a couple of weeks. - consumer reports is loving the model s tesla. is that something that traders consider when they are looking at this stock? - you know, not as much. i think people are going to care where the sales are, where the volume is, what their production is. can they meet demand? one of the things i'm worr

brodie brazil in san jose.he team is copping home under the best circumstance possible. >> yeah, ahmed. nine years straight the sharks have been in the postseason and there's always something special about the playoff opener here at hp pavilion. even more so maybe because the sharks are up 2-0 in this series. they realize, the fans do, that the players can put this thing away or the series out of reach tonight going up 3-0, but the players also realize they don't want to get too overamped in feeding off this crowd. >> you want to win every game. we win tonight, you put a strangle hold on the series. you lose and they're back in it. every game is important. >> we can talk about their desperation level all we want. we're up to nothing. it only means something if we compete and play hard right off the bat here. so our desperation has to be up there. this isn't a series that's a runaway by any means. it's a shot, it's a bounce, it's a post and it can be reversed the other way. it's that even. i don't know where it'

at hp pavilion, brodie brazil, nbc, bay area sports. >> good stuff. the warriors held a shoot around in san antonio this morning as they prepare for their second round showdown with the spurs on monday. the doves haven't won in san antonio since 1997. but this team doesn't seem to care about the history. >> we should come into this series like we have nothing to lose and just play our hardest. and i think we can really win this series. the spurs are really a proven veteran team, but, you know, we're -- we got, like i said, nothing to lose. we're coming in with all the confidence in the world. >> we understand that we have to win here in order to win the series. that's the challenge. we have a great opportunity to do it. and we have the confidence and the -- i think the rhythm from last series, you know, only having two or three days off, to keep that going. >> boxing now. robert guerrero may have lost to undefeated champion floyd mayweather in saturday's superfight from vegas. what about a rematch? we caught up with the gilroy native. >> i'll be back,