scarlet: if you look at how brazil does, versus other bric countries, brazil is the only bric countryat has seen a decline. russia, by the way, has done better. in the recovery in oil, and there is little change in china data. so russian fundamentals. overlooking the political angles ? mr. goldberg: how politics affect investments, and this probably has stopped being the case. we at blackrock, we took very important decisions. and then we realized that sanctions were never going to get to the level, and then we came back. one of the reasons we like the country the most. to the point of what is different right now from the 1990's, it is what currencies can move, and currencies can do a lot. this is for the first time in 10 years probably. joe: one of the things we have been talking about this year, the trouble for emerging markets, is there anything that is not priced and? i know you are saying down in lima, people were talking about the fed. can we just ignore the effects of the fed? mr. goldberg: the first rate hike could potentially bring some noise. i like the way the governor put

if you look at how brazil does, versus other bric countries, brazil is the only bric countries that hase. russia, by the way, has done better. , ande recovery in oil there is little change in china data. so russian fundamentals. anglesking the political ? mr. goldberg: how politics affect investments, and this probably has stopped being the case. we at blackrock, we took very important decisions. and then we realized that sanctions were never going to get to the level, and then we came back. one of the reasons we like the country the most. to the point of what is from the right now 1990's, it is what currencies can do, and currencies can do a lot. this is for the first time in 10 years probably. joe: one of the things we have been talking about this year, the trouble for emerging markets, is there anything that is not priced and? i know you are saying down in lima, people were talking about the fed. can we just ignore the effects of the fed? the first rate hike could potentially bring some noise. i like the way the governor put it. get it out of the way. do something that reduces volati

doing compared to most other big economies in the urlworld inclug developing economies including the bric we are doing quite well. we have more than regained the jobs lost in the recession. it was a big crash and usually those things take a decade to get over. so we got jobs back more quickly sflmpt kw can we go back to the federal reserve. they decided not to raise interest rates and cited a couple of factors that aren't in the dual mandate, china and the stronger dollar. were they right to look at additional conditions? >> i think so. i think that in a world where america looks like a good news story compared to the current problems in china and the slow growth in russia and the uncertainty caused by the massive move of the refugees into the european union i think they didn't want to take a chance on not only slowing growth in the united states but having a bad impact obthe rest of the world. >> can we talk about the political season. it is that time of the year, the silly season hillary was on meet the press and talked about the drip, drip coming from the e-mail servers cht watching th

he is now the nonexecutive director of bric new development bank.reat to have you back in studio. theito: i must say i like studio. manus: you have dealt with many crises. state of is in a crisis over china. how does that play out for south africa? it is putting a lot of pressure on growth and the currency. give me your take. has become an important partner for south africa. in fact, the overall trade figures show that asia is an important trading partner for south africa, more than europe. and therefore, whatever goes on serious, andery very important to south africa. so, slowing down of growth in china, slowing down of command, of commodities by china means south african commodities exports will be affected. manus: $45 billion. in 2014. that is the risk. that is a big risk and i think we should be concerned that the slowdown -- iron ore, i was trying to stock up on iron ore mining company. we have got the material in the ground but we cannot take it out because the price of iron ore has collapsed. manus: that has collapsed. we will get to minors i

. >> in 2001, the phrase bric was invented. it meant brazil, russia, india, china.inister modi has done a spectacular job of convincing business people around the world that india is a place to invest, and more and more business people around the world are going to india, investing there, and we are increasing our investments there as well. >> looking to russia, many investors have said they simply don't want to be in places where they don't understand or trust the rule of law. what is your take? >> we were in russia twice and we pulled out twice. we did not think there was an opportunity for investors to get a good deal or the best deal. the best deals went to oligarchs. and we have nout intention to go back. we have made some big investments in brazil. we think the bottoms have probably been hit. you never know exactly where the bottom is, but we filled -- feel bullish on the long-term products of brazil. >> is there a product you are excited about? states is the united still the best place to invest. i think buyouts are a consistent way to make money and i am att

sndia is the star of the bric and is going to grow.p per capita is so much lower compared to other asian countries. kathryn: even china is three times that of india. they also have a higher compensate -- higher gdp attached to consumption which makes the consumer segment even more interesting. alix: thank you so much. great to see you. scarlet: the federal reserve's historically low darling rate is not enough in corporate america like it once did. we explain, with charts of course, next. ♪ alix: i'm alix steel. "what'd you miss?" the fed low rates are not benefiting corporations and these two and it's now worth it for companies to refinance. joe: one thing that is awkward about the rising cost of arming is corporations are on a binge right now. they are borrowing at their highest level of all time. check out this chart. they are funding their acquisitions to keep growth and funding share buybacks. servicing the debt just got a lot harder for the companies in the second order. interest coverage, the amount of times a company could pay o

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world but with an agenda that is largely driven by industrial agriculture from northern countries and bric countries? how do we reconcile those different agendas? judy: prime minister blair, do you want to go first? tony: as these countries they have got huge ifortunities to develop they've formed of the right develop in ato sustainable way, including with respect to agriculture. the population of the world, the population of africa itself will grow enormously, but also as countries develop, all the evidence is that the population comes under greater control -- a girlsple education is immensely important in this. this is a problem we can solve provided you have the quality of governance that is both making sure that the economy of the country grows in a way that is sustainable and balanced, where agriculture production is increasing but increasing in a way that pays attention to the needs of the local people, and i feel, as well, with the possibilities of technology and what it can do in agriculture, i think this is a problem that is solvable, but it's not a problem absent thatable quality

world but with an agenda that is largely driven by industrial agriculture from northern countries and bricountries? how do we reconcile those different agendas? judy: prime minister blair, do you want to go first? tony: as these countries they have got huge ifortunities to develop they've formed of the right develop in ato sustainable way, including with respect to agriculture. the population of the world, the population of africa itself will grow enormously, but also as countries develop, all the evidence is that the population comes under greater control -- a girlsple education is immensely important in this. this is a problem we can solve provided you have the quality of governance that is both making sure that the economy of the country grows in a way that is sustainable and balanced, where agriculture production is increasing but increasing in a way that pays attention to the needs of the local people, and i feel, as well, with the possibilities of technology and what it can do in agriculture, i think this is a problem that is solvable, but it's not a problem absent thatable quality o

perhaps looking at countries that have a strong economic backdrop when you take a look at the brics, india really the standout player there. >> it really is. relatively speaking even though it was down in the third quarter. compared to the others it was holding up as a bright spot. thank you very much, seema mody. tyler, over to you. >> all eyes or at least a weather eye on hurricane joaquin this afternoon. the storm strengthening to a category 3 hurricane as it moves north to threaten the east coast of the united states. weather channel's chris warren is tracking the storm for us. >> hurricane joaquin, a category 3 hurricane. the latest information from the national hurricane center as of 11:00, their 11:00 eastern update, up to 125-mile-an-hour storm. it is increasing in strength. the big question is where is it going to go? let's take a look at the possible path. what we're looking at is the cone of uncertainty, and what this is -- focus on the word uncertainty. this is where the center of the storm could go. now, it could go here, it could go here throughout the course of time. k

turkey is strategically important because even though it's not a member of the bric countries is a largeemerging economy, it's not a party of any of the three big mega regionals and wished that ttip is not just a rich man's club but it really is open to others. and then i think you look further afield, i actually think that economies in latin america which should be put towards the top of the list. i think chile, colombia and peru all market economies outward looking along with mexico, part of the pacific alliance. chile and peru are part of tpp so i think it would make a very natural allies. if you extended the telescope further come and also i will admit using more political imagination, i think that brazil's membership would be another asset for ttip. after the u.s. and eu, brazil is the largest of adequate economy put it maintains very strong trade investment with both the eu and u.s., also in some high more sophisticated manufacturing sectors. brazil as a member of the bricks and if it could be a new domestic consensus in brasilia about the role of trade and bring prosperity in braz