he lives in brazil. shortly after we taped that interview, brazilian president michel temer ordered brazilian troops off the streets. when we come back from break we , will air our exclusive extended interview with former brazilian president dilma rousseff. among the things she will talk about is being tortured and jailed under the brazilian dictatorship and how she rose to become president of brazil. stay with us. ♪ [music break] amy: this is democracy now!, democracynow.org, the war and peace report. i'm amy goodman. as we continue to look at the political crisis in brazil, we turn to brazil's ousted president dilma rousseff, who was impeached last year in what many describe as a coup. her removal ended nearly 14 years of rule by the left-leaning workers party, which had been credited with lifting millions of brazilians out of poverty. rousseff is a former political prisoner who took part in the underground resistance to the u.s.-backed brazilian dictatorship in the 1960's. she was jailed from 1970 to

brazil's last president, dilma rousseff, was impeached.the country is suffering through one of its worst recessions in history, and a crisis of leadership caused in large part by a massive corruption investigation. it's known as operation car wash. it's one of the largest bribery cases ever investigated, and it's being led by a small group of idealistic young brazilian prosecutors and a crusading judge. in curitiba, a city far from the ruling elites of brasilia and sao paulo, a small band of prosecutors is working long hours in cramped quarters on the biggest investigation brazil has ever seen: operation car wash. how does car wash compare to watergate? >> deltan dallagnol: car wash is much, much bigger. >> cooper: deltan dallagnol is the lead prosecutor. bigger than watergate? >> dallagnol: much bigger. we already have charged-- more than 200 people for hundreds of crimes. the amount of bribes paid go up to about $2 billion. ( chanting ) >> cooper: the prosecutors say brazil's popular former president, luiz inacio lula da silva, was the m

this is brazil.re was always been a taint around him and this massive uncertainty since the corruption scandal, which is now two years old began advancing. there was always a suspicion that it might reach into temer, and now it seems like it might be confirmed. lisa: you talk about the market reaction, and i am talking about the change in brazil, if we look , you can see the blue line is the cost to insure against a brazilian default in the next five years jumping towards the white line, argentinian credit default swap rates. argentina has defaulted seven times on its external debt. we have brazil jumping to nearly the same level for the cost to protect against default. it seems like a pretty important move. jonathan: overdone? jim: if you look at my screen, you can see what the currency good. it was limit down for most of the morning. we think it is overdone because of what lisa's said about credit default probabilities priced into the market. it essentially wiped out the credit cycle from the centr

more scandal in brazil, mark.k: coming right up, we are following stocks, less than 35 minutes until the end of the friday session. those are the figures. this is bloomberg. ♪ >> it is 11:00 a.m. in new york, 11:00 a.m. in hong kong. from london, i am mark barton. from new york i am vonnie quinn. this is the european close on bloomberg markets. ♪ mark: here are the top stories we are covering around the world, the stoxx 600 closing at its worst week since november on a high note, investors pushing up shares, looking past political drama in washington, europe, and beyond. in three hours, president trump will be flying across the atlantic on his first international trip as president. we are looking at how the drama surrounding his administration is impacting investments with firms over $1 trillion under management. the true cost of brexit for traders, we will hear from the chief investor of the euro.

plus brazil sending emerging market runners running. mark yusko says it could be the best trade, mark zuckerberg celebrating five years t. stock up a whopping 300%. should you buy facebook for the next five years? we got a special report. much more "fast money" still ahead. stay with me, mr. parker. when a critical patient is far from the hospital, the hospital must come to the patient. stay with me, mr. parker. the at&t network is helping first responders connect with medical teams in near real time... stay with me, mr. parker. ...saving time when it matters most. stay with me, mrs. parker. that's the power of and. it's what busch is known for. what are you known for? i'm indecisive. scratch that. no, that's right. although... [sfx: buschhhhh] (shouting) more power tools. more power suits. (shouting) more power... chords. with customized loyalty programs and data-driven insights, synchrony financial can help bring more... power to your business. the shlike a bald penguin. how do i look? [ laughing ] show me the billboard music awards.

but this is brazil. has always been a bit of a taint around it, and there has always been this massive uncertainty since the corruption scandal which is now about two years old. it began to engulf different people in congress. so, there is always a suspicion that it might reach up into temer, and now it seems like potentially it might be confirmed. lisa: jim, you talk about the market reaction, and i am struck by the sudden possibility of default. take a look at the bloomberg. you can see the blue line is the cost to insure against a brazilian default in the next five years. it is jumping up towards the white line. the white line is argentinian credit default rates. this is shocking to me. remember, argentina has defaulted seven times on its external debt, and five times at its local debt. now we have brazil jumping up to nearly the same levels as the cost to protect against a default in argentina. it certainly seems like a marked and important move. jim: if you look at my screen, you can see what the cu

and in brazil, a scandal within a scandal.he president says he will not as -- will not resign despite allegations he was recorded discussing payments to silence people in a massive corruption case. ♪ brent: i am brent goff. it is good to have you with us. donald trump has lashed out at the appointment of a powerful special counsel to investigate his administration. he took to twitter again today, making unsubstantiated claims of both hillary clinton and barack obama overseeing illegal acts that warranted special investigation. he said he was the victim of the single greatest political witchhunt in american history. the outburst comes as the justice department named robert mueller as its special counsel to probe russian influence in the 2016 presidential election. for the perspective, we also have the power to look at other issues arising from the white house's handling of this and many other crises. reporter: this is the man who will be the investigation into the trump administration's alleged ties with russia. hard, uncomprom

. >> chaos in brazil. as the country sinks into a political crisis, the president says he will not resign. the brazilian rio falls. cast their ballots. the country votes for its next president. we will break down what is at stake live from tehran. ♪ anna: this is this is bloomberg. "bloomberg daybreak: europe." manus: there is one market in the world that is not have a good friday fielding, and it is does not have a grid friday feeling, and it is the brazilian real. there is chaos in the markets. we thought we would try but put this in context for you. there was a close on dollar-real. if you want to understand volatility, it is down to the real. it has trumped the peso. this is the peso in yellow. it was a walk in the park, because what you have in the brazilian real, volatility is ratcheting up to 22%. stocks are in a tailspin, country risk is in a tailspin, but that rise in the real. what happens next from tehran? that is the debate. anna: we have plenty of politics to talk about. is earlyis downgrading

but this is brazil. has always been a bit of a taint around it, and there has always been this massive since the corruption scandal, which is now about two years old. there has always been a suspicion that it might reach up now it seemsnd like potentially it might be confirmed. about the market reaction, and i am struck by the -- you can see the blue line is the cost to insure against a brazilian default in the next five years. it is jumping up towards the white line. the white line is argentinian default rates. this is shocking to me. argentina has default it seven times. five times at its local debt. now we have brazil jumping up to nearly the same levels as the cost to protect against a default in argentina. it seems like a marked in important move. at my screen, you can see what the currency did. it was limited down for the rest of the morning. we think it is overdone because of the point that lisa made about credit default probabilities being priced into the market. but second, local rates are wipin

it was the largest recovery in brazil's history...is, until this former petrobras executive, pedro barusco, offered to return a whole lot more. >> dallagnol: he said that he had money abroad. and then somebody asked him, "oh, how many-- how much money do you have abroad?" and he said-- "ninety-- $97 million and-- " >> cooper: $97 million? >> dallagnol: yeah, yeah. it was too high a figure, for us to imagine. >> cooper: in some cases, petrobras executives laundered their money by buying artwork. police have confiscated so much art, they've mounted a show for the public at this museum in curitiba. the paintings may differ stylistically, but many share a common theme: they once hung on the walls of a petrobras executive now serving time in prison. if you're wondering how they got so much money out of a national oil company without anybody noticing, what happened with the building of the comperj refinery, 30 miles east of rio, is a good example. the multi-billion-dollar project was supposed to create more than 100,000 jobs. but today, the

hold in brazil yesterday.slumping off that the newspaper report that president temer endorse the payment of hush money to the imprisoned former speaker of the lower house of congress. before thursday, the real was the second-best performing emerging market currency, rising 11%. rand top. ruble second. this is the reaper zillion stock market percentage price change. 2008st drop -- since yesterday, sinking by 8.8% for imposters who bought into temer's austerity measures during the worst recession on record. delivered what was an absolutely crushing blow, including a 15% slump in shares of -- in which is at the center of the car wash corruption investigation. the star market losses yesterday totaling $150 billion -- the stock market losses. francine: let's get more with our guest, domenic raab. talk to me a little bit about, we mentioned the polls briefly. you should take the polls with a pinch of salt. however, the conservatives seem so far ahead. are you concerned about places he? - about complacency? absolutel

seen pressures on brazil.'m looking at bank of america merrill lynch and american markets has actually strengthened last week, despite all of the brazilian turmoil. even on thursday when all of this came to light, the inflows have strengthened. how do you explain that? why is that? >> the thing is this political risk is not just yen-related. it's also development-market related. we see the issues in the european union, brexit, french presidency elections, everything. what's happening, we've been talking about this for several years now that the risk, underlying risk is increasing as well. the spread is contracting between em and dm from the lower side as well. that's why investors are pushing money into emerging markets. it's not only equities. we have record number of inflows into bond flows already this year higher than 2013. >> they're no longer going into brazil for the foreseeable future. we don't know how long this will last? where else would they go? >> latin america has been a darling of investors in t

this actually might cleanup brazil.ok at brazil, it has an internationally competitive industry and an educated population, short-term negative, medium to long-term positive. scarlet: it could be quite noisy in the short-term? >> i have so. we need volatility. isia: if the reform agenda stalled, i know pension reform was one of the critical issues people were talking about, what is the reason to buy? because on a relative basis it looks cheap? why would you look at this market relative to other emerging markets, would you avoid just because it is noisy? >> two levels of analysis, payment capacity and possibility of prices going up, appreciation in what you buy. if you want the biggest bang for the buck, you do not get to brazil but if you look at them on a sovereign level, you are not worried about the false -- not worried about th defaults. the ability to pay is there and it is a matter of market to market. scarlet: you said medium to long-term positive, defined that. -- define that. >> what is impressive abrupt brazil

talk about need to brazil in more detail, though. matt: investors care what is happening in brazil.eal stocks and bonds tumbled as president temer became embroiled in a new controversy. it sank the most since 2008 yesterday. he denies claims that he endorsed hush money to the former house speaker, and said he would not step down. >> i never authorize the payment to anyone to keep silent. i did not buy the silence of anyone for one single reason, because i am not afraid of accusations. i do not need a public position or special forum. i have nothing to hide. will not resign. i repeat, i will not resign. i know what i did, and i know that my acts were correct. i demand a quick and full investigation to clarify it for the brazilian people. take a look at how investors are reacting in terms of brazilian futures. yesterday, they fell so far so fast they caused a breakaway gap in trading. you can see that illustrated by this chart. nice round even number. our editor is pushing for her own blog that does not exist yet. i have no doubt that it may. it is a huge drop. the lows and highs -- t

this has to do with the bombshell out of brazil.3%.and copy those are today's market minutes. >> we see people filing into the east room of the white house where president trump will be holding a news conference. the first time the two leaders have met face-to-face. they have already had a private meeting during which president trump was barraged with questions regarding the russian investigation and appointment of a special counsel. we want to bring in craig gordon . he joins us from washington. water the two leaders likely to say in terms of formalities before the the press is able to ask questions? to get help trying in the spiraling out of control cocaine problem in his country and get u.s. support for the peace process. he's trying to work with the cocaine -- cocaine growers pray that will take a short amount of this news conference as reporters have their crack at the president. with all the news that has that will dominate the u.s. side of the press conference. >> so many headlines have emerged about president trump in the la

jonathan: for the investors that went into brazil, we had so many people say by brazil specifically.s the legislative agenda on hold until this is sorted out? juliette: markets reacted very poorly. rally is mostly sold on the reform agenda. we saw that very strong reaction withe market yesterday stocks and currency hitting circuit breakers. that's the worst date since 1999. that was hinging on reform. if he does not get impeached, does he have a mandate to pursue his reform legislation? julia: we still need to see. if there were some reports of parties abandoning his coalition, which has been his strength. he is a very experienced politician and has managed to get congress to vote with him. now it remains to be seen. exit theed it might coalition. they said they are waiting to see. they are not jumping ship at this point. we need to see how strong he can keep the coalition at this point. david: thank you so much for reporting from brazil. alix: it's been a crazy week for brazilian markets. the tenure jumped 176 basis point just today. that's the most since 2014. we highlighted mexico

proxy for risk perception in brazil.you can look at the stock market, the bo vespa in brazil is triggering a circuit breaker and you can see that in the odd trading pattern as it fell by 10%. the circuit breaker was triggered and it paused trading for a little bit but it still down by nearly 10%. temer had been trying to embark on a program to reform the brazilian economy. there are a lot of questions about that agenda now. next, coming up previewing the president's first chip overseas. this is bloomberg. ♪ david: this is bloomberg markets, the trump economy. president trump to saudi arabia for his first overseas trip. the president will meet with the saudi royal family. is packing his back to go on that trip. where do we go from here? speech to theg muslim world from the president and what else can we expect? >> i am being told there will be significant business deals particularly in the oil industry announced during president trump's first international travel visit abroadparticularlyg to saudi arabia. after that, he w

brazil is not exactly, you know, having scandals in brazil is not new news here. i even have been exactly what these tapes have been revealing. and since he got the job, it's always had a sort of several questions about that as his car wash process has been unfolding. i'm a little bit surprised by the market reaction. i would point out yesterday, emerging market equities were a relative safe haven. you didn't see it really in emerging market equities. david: where are you seeing e.m. effects? it is the case that the inflation trade has been unwound in months. the up with trade that most clients, if not all clients have is the carry trade. they're happy about it. point being that along those currencies, and if anything, sentiment may claim more victims than the high yielding emerging markets currency could well be among them. onathan: petrol absolutely bassed in the market. alix: and copper down as well. proper prices in china falling. there's that issue as well. are they going to have to do reform, tight monetary conditions? here's that rhetoric playing out today.

morgan: we see equities in asia like korea financials and fixed ,ncome, latin america, brazil brazil where you get double-digit yields with less risk than equities. vonnie: how has it changed in the last week? brazil might be going into turmoil. morgan: it certainly is. they burst out there agriculture building last night. -- burned down their agriculture building last night. it was 16% last week, so a lot of concerns about political scandal had been reflective in prices. now people are looking that timbre will sit down -- temer will step down. a court will rule on that. vonnie: they have to change the constitution so there can be elections -- that is in venezuela. brazil, this would invalidate the election of 2004 where michel temer was named vice president. he replaced president rousseff who was impeached last year. now michel temer might be removed. this would be well received, because his support level is only 5%. vonnie: who would replace him? he was the relief from dilma rousseff, now if he is boosted -- ousted, who replaces him? morgan: they are looking at the head of the supr

is the impeachment a good thing for brazil? least loved presidents brazil has had. ist you are seeing in brazil the fledgling signs of a recovery. what they need is this deeply unpopular president to push through the reforms he has been talking about. he needs to push through the pension reform and get this country back online and running again. an impeachment, even though it might be the right thing, would be detrimental. are we under the contagion risks? it seems we have this global growth story that is still strong. the dollar not getting a haven bid, but are we not looking too much into this geopolitical risks right now? >> when you look at emerging always, there are geopolitical flashpoints, political events taking place in one country or another, or there are economic problems in one country or another. it is a must the nature of emerging markets. emerging markets fan from latin america to the far reaches of asia, so it is not unusual for something to be happening which is a concern for global investors. is another politi

in stock commodities, brazil, brazil, brazil.ans stabilizing after the biggest drop since august. they are rushing to balance the biggest political crisis in the country, sending the currency tumbling. let's check in with mark crumpton, mark? facebook praised julian assange it -- on facebook live, julian assange praised the swedish authorities investigation being dropped, but assad said british police continue do seek his arrest were jumping bail in the swedish investigation. american authorities are targeting him for a tradition of his organizations weeks of the -- leaks of classified documents. said the proper war is just beginning. twoians will decide other give their president a second term to pursue his engagement with the rest of the world, or they will hand the country's top elected office back to conservatives, whose antagonism to the west has left iran isolated. most opinion polls have shown the current president in the lead. anthony weiner pleaded guilty today in the infamous texting scandal. he will be headed to prison

the last thing brazil needs is a challenge. that is also of assistance to them. we've offered the bill and it's in place we want to authorize the money but then we have to go out make sure it's in place and prepared to provide aid if necessary. i think this is an important moment for the region. america's voice is important and we should lead. i've been pleased that despite political views about the current administration, i will say this, i was able to take time to visit the venezuelan president and i have received reports that he always asks about venezuela. i don't know if that meeting had that impact or something else, but that's good news. the open-mindedness that exists in the white house and other divisions to do something with regards to this and give it the regional importance it deserves. we have to follow through on it. that's what i'm working on. it's important. america's voice is important, but i think the most promising development i've seen is the nations in the regions, the democracy in the region willing to stand up and condemn it. i think that's

that could be taken on a global stance, talking about trump and brazil.rs have their bullish hat on. >> it is the perfect way to sum pup the balance of risks out there. there is loads of cash flowing around. central banks are still pumping cash into the economy. there is plenty of people looking for the opportunities out there. volatility measures have been low coming into this week. whend a pretty big spike we got these two pieces of news, first of all the washington turmoil putting pressure on trump, and then the brazil thing as well. kind of, everybody has got to decide where we are going to go from here. there is still cash coming into the system. there is still money to be made. markets can continue, the old cliche, a picking up those pennies. paul, where are the world trends reversing? it seems they didn't for the most part. stocks are rising along with bonds. a few minutes ago it was green across the screen. paul: absolutely. if you look at some of the charts, the momentum we had in european stocks is ok, we kind of wobbled, but it is still going h

brazil in focus.l scandals in the country, but we have reporting from one of the leading newspapers in the country suggesting the new president temer could be dragged into a corruption scandal. we are seeing assets in brazil softening up quite considerably. you can see that in the euro bonds. sinceras falling the most 2008. let's go to our bureau chief. the financial markets, julia, are taken miss by the looks of things, very seriously. why are they doing that? what is it in this reporting that is so concerning? julia: the earlier action was indeed very bad. the eps in london so almost 10% -- i'm sorry, in tokyo, fell almost 10%, the first reaction we saw. braziln point here is markets have been rallying on hopes of a pension reform and as a broader reform agenda. in president temer's abilities. that is now seeing as on hold at best. guy: on hold at best. is this going to become what we're talking about in brazil? as you say, the markets have been on a tear of late, enthusiasm about the pension reform

end up in old brazil.liver: it's a great story. you have the company angle and specific examples of politicians and what they use money for and a good history lesson. let's shift gears and talk about the cover story because it's a fantastic look at what i think is a microcosm of a broader conversation that has really gripped politics and markets for the better part of the last couple years, that's the prices for drugs. specifically, you guys are looking at orphan drugs. how exciting was it to see the story come together? megan: we are incredibly proud of this story and it reporting that has been done on it. some of the stuff we have uncovered. they sell this drug that is an orphan drug, drugs that treat very rare diseases. they can be profitable for pharmaceutical companies and we are talking about $500,000 to $700,000 a year per patient. but there are very few people that are affected by this disease that you need the drug for. so, when you have that model, the conundrum is, it's viewed as a wonder drug f

see in orlando with argentina and brazil and venezuela and colombia. you also see it in the decline .nd visitors and prosperity one of the richest resources on the planet. it wasn't a result of exercise or diet. countries and stress bad policy and economic engagement. this is what we hope for for the region. i can tell you 40 years from now we live in an hemisphere where he have more countries. like brazil, which has now gone through the constitutional process and move forward. would america be more prosperous or less's -- or less prosperous? by prioritizing they levels of government. my hope is it is -- from our seat in the united states senate and from our engagement such as this that we can encourage more from both sides of the aisle to engage in the western hemisphere . opportunities are truly extraordinary. because we haven't been debating it for far too long, as of now there are no partisan lines. . thank you . hope and the years to come opportunity -- i look for to need to work with you. thank you very much. , thank you for the compelling and th

let's go to brazil.n of justice needs to be suspended. in a defiant speech, mr temer said the audio, in which he allegedly discusses the payment of hush money to a jailed politician, needed to be checked for tampering and audio edits. translation: today, we're making a request at the supreme court to suspend the proposed probe until the authenticity of the clandestine tape can be definitely proven. the scandal has engulfed brazilian politics, with a third of mr temer‘s cabinet under investigation for alleged corruption. mr temer is already deeply unpopular in brazil but his centre—right party has been able to govern as part of a coalition. 0pposition parties have demanded his resignation and snap elections. translation: the government is bleeding and paralysed, and we at the brazilian socialist party, having already taken a stand against the reforms, are demanding the president's immediate resignation. 0ur correspondent in rio, julia carneiro is following the story. there is a lot in play here and seriou

brazil plunged back into political crisis.e president was involved in a cover-up as protesters take to the streets is this roussef part two. the u.k. prime minister will target the elites

part of that policy is an limitation up into reform in brazil.hat be a seminal moment in terms of saying you need to -- a structural issue at play is solid. >> logic tells us the likelihood the lowering through house has been reduced because of this whole issue. more ofs trying to get the mps then he needed and now the likelihood of hymns achieving that support, i think caution is the name of the game. call ratescan hardly in the united states -- were negative in japan and the u.k.. that is still a fundamental driver to you? >> let's take a couple of points here. you have all this liquidity being provided by the central banks to develop markets. you have all of that going into emerging markets. the lastinfluence for six or seven years. the other thing we must take into account, and that's why this chart is so contained, the political risk in developed markets is also increased. this spread is showing the political risk spread in emerging markets versus developed markets. the underlying risk in developed markets has been increasing over the last c

he is irresponsible and is putting brazil ina huge irresponsible and is putting brazil in a huge crisisility, he has no support. many of those who came to demonstrate we re of those who came to demonstrate were peaceful. but some made sure they left their mark, damaging ministerial buildings. police responded with rubber bullets and tear gas. amid all the chaos, civil serva nts tear gas. amid all the chaos, civil servants were evacuated and sent home. translation: the protest was expected to be peaceful, but it erupted in violence, vandalism, disrespect, and aggression. threatening people, many of them public servants who are terrified, and who evacuation we are guaranteeing at this moment. the president decreed an action which will guarantee law and order. troops we re will guarantee law and order. troops were called in, a controversial move because they are not usually allowed to patrol the streets. brasilia is now calm, but for how long? it has been a rocky week for the country, and is not expected to stop. katie watson, bbc news, brazil. that's all the time we have for now. we'll le

a complex edition but it keeps on going deeper and that's the political corruption that exists in braziltell us how you guys took decades of corruption and synthesized it into this really good piece. >> we wanted to show that even decades of corruption is actually sentries old in brazil and sort of deal back the layers as -- of the carwash scandal, which is this latest scandal that's been enveloping brazil. it takes us back to the president before her and its enveloping in the existing president and has the roots in the structure of brazil generally, one of the last countries in western america to have a monarchy that was departed in 1889. but if you go back that far and see the sequence of scandals they have grappled with, it's a natural outgrowth of how the government was set up over not just decades, but centuries now. >> i think when de la rue set -- when rousseff was ousted, it brought a lot of hope that the carwash scandal was behind them. that's not the case. when you are looking through this and when your reporters are assessing this, how do they figure out whether we are on the

concerns that that political turbulence is returning to brazil.reme court launched that formal investigation into the president. we'll see what they find. >>> turning to the agenda, no economic data. still a few earnings reports to consider. campbells soup, deere and foot locker with results before the opening bell. a pair of fed officials speaking today. st. louis fed president james bullard and san francisco fed president john williams. >>> leon cooperman's omega advisers setting with the s.e.c. for 4$4.9 million over insider trading charges. the hedge fund has admitted to no wrongdoing and cooperman will not be barred or suspended from the industry. in a statement to cnbc, cooperman says he looks forward to putting the matter behind him. last september the s.e.c. accused cooperman of insider trading following a five-year investigation. reports say terms of the 4$4.9 million settlement were significantly below what the s.e.c. wanted. >>> bank of america ceo brian moynihan opening up the discussion on lowering down payments on mortgages. on closi

let's go to the economic section because you did a great profile in brazil.an and the behind what is going on and the different shades of revolution. megan: we wanted to look at the recent reelection of -- who was reelected with a very large majority. towanted to take that back show the demographics have changed who supported him. order came in and there was dental change in the way of life and what you are fighting now is that decades later, arts of that revolution -- parts of that revolution are starting to fade away with public youth. there is a girl who said she can ride in a car with her boyfriend, something that would have been unheard of. but has a platform for a more western way of life and how that is starting to be pushed forward in iran. oliver: it seems there is a fulcrum point -- the iranian citizens realize how important it is to vote seeing what has happened in previous elections. you guys profiled the older generation that remembers that we forget that it wasn't the conservatism of the past couple of decades, there was a period longer ago in w

sure. >> also the story about brazil, corruption about different topics.should talk more about it. >> great story. a lot of history there. >> more bloomberg television starts right now. ♪ ♪ yousef: welcome to "best of bloomberg markets: middle east." i'm a yousef the mellow dean. -- yousef gamal el-din. a big week for the middle east with a top-drawer visitor and globally watched election and business deals running today -- into the hundreds of billions of dollars. it was a powerful message for reformers and young voters. that opens the door for iran's relations to the outside world. then, attention swung to saudi

brazil's embattled president. protesters torched government buildings. is the market already starting to price in his departure? less than half an hour away from the european open and i am not sure if we will see ripples from brazil although that story is important and fascinating. take a look at futures, up across the board here. this is after we had new records in the u.s. yesterday, gains in youn stocks as well and so see european futures gaining here. also take a look at the bund trade. we have the yield coming off fairly substantially so investors are buying german debt right now i'm a pushing the 0.8. down to zero -- blowing out the u.s. german spread. pretty ridiculous, our guests said as the german yields need to come up. that is definitely not happening today. the li na. that is something to talk about having an impact on the euro rates as well. greece is on offer. look at the greek stock market down 2%. you've equities broadly bid. the bloomberg dollar index is down by .2 of 1% and the yen is often the euro is bid. offing let'sthe talk about wh

many people are saying africa is learning from brazil. brazilians will not be surprised.huge anticorruption investigation. yeah. people were saying this guy is amazing, an economic miracle. it is systemic. it is almost unfortunately ingrained. shall we move on? we are running out of time. more business. you can do this. the pound. when it goes up, array, but it is not good for foreign visitors. —— hooray. 90 million visitors. a record influx of people taking advantage. this story, it is about the us economy. may be the donald trump issue is over with such turmoil. but it has gone to $1 30 for the first time since the brexit vote. i am a frequent visitor to the united states. i cannot tell you how i voted, but i have been hit ha rd you how i voted, but i have been hit hard in the pocket, i can tell you. retail sales in the uk yesterday we re retail sales in the uk yesterday were reported to have jumped by 2.3% in april. previously, in march, they we re in april. previously, in march, they were down by 1.8%. i have seen a few recessions in my time to be i am older than i lo

as this teacher in brazil is going to teach a class a very important lesson.>> what subject does she teach? because her name should be betty crocker. >> this is nava mara. she's gotten a lot of attention and has become brazil's sexiest teacher. >> there's no way she's really a teacher. >> all i want to be is in detention. >> can you imagine if your teacher walked in one day looking like this? >> you'd never miss class. >> this is true. in this instance, like, she can be hot. but you've got to dress towards the role of teacher. >> you're assuming she's in high school or middle school or elementary. she could be a teacher at a pole dancing class. >> clearly we need to do more research. are there other videos? >> there are. >> great! >> all right. she's a fitness instructor. >> she's very much into fitness. not a fitness instructor. but you guys are right. the first two videos with the leggings and white dress were posted as a hoax. she's actually a spanish model. >> those poor leggings are getting eaten. >> just another instagram celebrity who's a celebrity beca

. ♪ >> brazil's president says he will -- get the country in order.ao paulo earlier today. henry qamar ellis backed him up, >> brazil's president says he saying, he's likely to conclude his term in 2015 despite disturbances -- the economy is working normally. is described in the past brazil's economy is taking on the characteristics of an outright depression. ginny's nose over to hamas, head of anonymous -- economics for goldman sachs. seeing as helen retheme and all was seen as a successor, should mattel -- what do you make of comments? >> the economy is more resilient than it was a year ago, two years ago, given the level of reserves, it's a lot stronger. we have two knowledge that there was a shock in the political system over the last two weeks. dish the veryrent engaged in steering the reform agenda, the minister in particular is committed to social security reform -- labor market reform coming potential, tax reform in the second half of this year. the question is out -- in ability. local capital, that the president and ministers have in congress

the last thing brazil needs is a challenge so that is also the assistance to them. we offered that bill and places beyond to authorize the money so it is to provide the aid is of necessary but this is an important moment for the region and it's important we should leave and i have been pleasantly surprised despite people's political views i will say this i was able to take and receive multiple reports that they always ask about venezuela. that is good news into the state department and the national security council and the other divisions to do something. america's voice is important. it's had a greater impact than the things we have done and one of the best ways to create stronger ties with our allies in the region is to start doing things together and engage together in the products of joint interest and i think that it should be one of them so in many ways i think it's been a promising exercise in that regard as well. [applause] as the senator is exiting please join me one more time in a round of applause. [applause] that dss

for far too long meany to build on the deep ties of canada, mexico canada, mexico, colombia from brazil and peru and argentina and in particular canada can play a key role of prosperity and democracy in the region with partners with great potential to expand their impeachment within so that is wagging back to it with that organization with an admission of policy planning discussion as well as global challenges to engage more frequently in the regional partners to establish new military to military engagement to peru and argentina and expand on mexico and honduras and guatemala and then to encourage acquisition and then this was security cooperation by reassuring the colombian people because it would be conditioned of full compliance with those chosen by those crimes committed to not go punished and those of the aid efforts have the desired impact the factors such as corruption and not undermining the support we must make clear those physical constraints that we commit to deal with security challenges the respective regretted norms in the rule of law with the broader issues of the intern

we will play in brazil against the world champions.t—out was where alex was going to strike and i picked that one. her face after saving, it is contagious! it's not about her, it's about the team. now we need to do this right and we need to win this game. it was imported and we have to do that to move forward in the tournament and it was important for her, for us, for the whole of sweden. now i find myself in a big setting, a big club, where i can focus on being the best goalkeeper i can be. internally as well. when i came to the club we had to wash our own kit but now i feel like it's a really good environment for any professional footballer and i am very happy to be part of it. it is an exciting time to be part of women's football, wherever you are in the world right now. it's like it's boiling, is just in the world right now. it's like it's boiling, isjust waiting in the world right now. it's like it's boiling, is just waiting to really ta ke it's boiling, is just waiting to really take off and maybe all of the yea rs really take of

one and a number of scandals relating to brazil's ruling class. vicory tos tim teleflora. resigns, there have been increasing demonstrations against him, with the defections even from his own party seeming to be on the way but if he were to resign, according to the constitution, there would be in direct elections or the politicians would elect the next president. the problem here is one of legitimacy with the anticorruption investigation. out, if there is an impeachment proceeding or an investigation from the supreme court, that could be a lengthy process. there is another way out. theou have said, temer was vice president. underlight is investigation for financial irregularities. if those investigations are ehealth, it seems the election is canceled, opening the way for new elections. the problem is, who would be the candidate with the entire political class engulfed in the anticorruption inquiry. lula from the workers party is facing five different corruption probes. beener candidate has heavily implicated in the antitrust inquiry and has been suspended. whichever way on