dilma rousseff is facing one of her toughest weeks since the start of her second term nine months agodaniel has more from the capital brasilia. >> reporter: it was not meant to look like this. several hundred homeless people camped in the shadow of these modern buildings in the capital brasilia. these are among brazil's millions of homeless the first to suffer as the government tries to halt an economy slider further never to recession. >> we are fighting to keep the housing programs, if they reduce social spending we suffer, we represent many different social movements and won't leave here until they change their mind. >> reporter: even her strongest critics say president dilma rousseff is not a quitter. her popularity rating is in single figures and her opponents wants her impeached. many from her own party and these social movements that voted for her less than a year ago are turning against her. these are exactly the people whose support propelled this government this to power, full of pope and expectation for a better life. a better brazil. now they are camped in the heart of the

this is dilma rousseff, the president of brazil, the first speaker. when she wraps up, the next speaker already president barack obama, we saw him arrive just a few minutes ago with first lady michelle obama. i know your name, mike, i'm trying to get your title right. i want to give you your dues. let's talk more about barack obama. he has got a lot on his agenda today. he'll be talking about syria, and the president has had a lot of criticism about how things have been happened in syria, perhaps the backing of leadership. let's talk about the obama doctrine, such as it is. >> well, richelle, you make a great point, such as it is. people have been groping for what the obama doctrine might be. the white house is loathed to use that term a one size fits all term, they don't want to be constrained by it. but if you look at the way problem has approached international conflicts, there is an emerging pattern. the president wants regional leaders to take the lead. we're seeing that in yemen, saudi arabia, and egypt and other countries around the region have

employees as she faces impeachment. >> things in brazil moving extremely quickly as dilma rousseff is trying to shore up her government. there has been talk about clothin closing 39 ministries. meanwhile, the government is desperately trying to distance itself from a massive corruption scandal involving the state oil company petrobras, which has implicated several construction firms and senior politicians. president rousseff has been trying to distance tears from that corruption scandal, but no doubt that her confidence is questioned in the future of that government. things are looking difficult. she's involved in negotiations with members of other hen party trying to shore up support, in members of the opposition trying to impeach her for her handling the situation, and her closeness to that corruption scandal. meanwhile, the economy taking a battering, the brazilian currency, the government looking to try to implement some kind of confidence in the situation here. people here outside of the congress protesting. things moving very, very fast here in brasilia. meanwhile the rest of th

. >>> brazil's president dilma rousseff is talking about how to salvage brazil's economy. the currency has plummeted against dollar, while investment confidence is as low as it's pen been in years. >> i'm in the economic heart of brazil but all 800 kilometers to the northwest to the capital brasilia, to see what president dilma rousseff will do next, will she impose the necessary measures to get brazil back on track? can she? the brazilian currency the reale is the lowest level against the dollar since it was introduced in 1994. investor confidence is at an all time low. >> the government needs to let investors know that there is a political environment of understanding and debate and all the measures they're discussing will in the end be approved. >> the president wants to make macive cuts to public spending closing ten of her 39 ministries but by doing that she risks alienating, those who elected her less than a year ago. these ordinary people, bread and basic items skyrocketing have the most to lose. >> buoyant optimism of just a few years ago when brazil was the econom

a currency crisis for dilma rousseff saw her popularity collapse. daniel schweimler reports. >> it was a rare victory, even if only a partial one. after a round of meetings and phone calls, president dilma rousseff managed to veto 26 of the spending plans, ensuring savings of 31 billion. some contentious wage and pension issues were composed for another day. along with plans for 39 ministries. >> i have been telling the opposition and the governing coalition party that one day the president will go. we need to be involved in solving long-term problems. >> translation: we won't have the taxation measures go through. we don't think society should pay for the mistakes made by the government. >> cuts mean job losses. opponents came to protest here, here and here. outside the ministers lining the avenue leading up from the congress building and the president's office. >> she has nothing to celebrate with all the things pushing through, and neither do we since we'll suffer the consequences of what she's trying to do. >> what happened last night is part of

greatly and comes at a controversial time is the - self of the social and welfare programs that dilma rousseff administration has been so keen on supporting. this is particularly controversial at the time because these programs are at the heart of the support base of the workers party, but dilma rousseff's government. and slashing them would have a huge impact on the popularity which is, at the moment, at a record low. her popularity is around 7%. having said this, we spoke to analysts today that think that these measures are much needed and are probably the last resource that brazil has to try to save its economy >>> the position of poet laureate has been given to a person of latin american. it was a job to raise people's interests in the reading and writing poetry. this man shares his experiences with us. >> i'm the son of a poet. imfrom fresno california. my father left a small village in mex coy. and i think it was in the 1890s. he was born in 1882. he jumped a train. it was a straight line. everything falls out in the fields of california, working and working. growing up as a child. and m

thinks in brazil, moving quickly as president dilma rousseff is trying to sure up her government. there has been talk about closing 10 of 39 ministries, a massive austerity card. it would only undermine the support of the people. meanwhile the government is desperately trying to distance themselves from a massive corruption scandal involving the oil company petrogas, implicating construction firms, senior directors and politicians. president dilma rousseff and her predecessor looula are trying to distance themselves, there's no doubt the government has been staling confident, it has been questioned in the future, investment in the future of that government. things are looking difficult. he's involved in negotiations with members of her own party trying to shore up support and members trying to impeach her for the handling. situation and the closeness to the corruption scandal. the economy taking a battering, the currency, the real being massively devalued. the government looking to try to implement confidence in the situation here. people here outside contesting. things moving nas

. >>> the president of brazil dilma rousseff is negotiating with the opposition and members of her ownsalvage the country's struggling economy. the currency has plummeted against the dollar while investor confidence is at its lowest in many years, daniel reports from sow paolo. >> reporter: i am in the sao paulo stock exchange in the economic heart of blah sill. but all eyes here are looking 800-kilometer to his the northwest to the capital brasilia to see what president dilma rousseff will do next. will she impose the necessary mesh tours get the economy pi back on track? can she? this stock he can change as been overtaken as the big in the region by mexico. the brazilian currency is at its lowest level against the u.s. dollar since it was introduce ed in 1994. investor confidence is at an all-time low. >> translator: the government needs to let investors know that there is a political environments of understanding and debate. and that all of the measures they are discussing will in the end be approved. >> reporter: the president wants to make massive cuts to public spending. closing

one of the banner programs in the workers party, and dilma rousseff's projects, free housing and cash were familiar programs. they are expected to be slashed not entirely, but more so than what the president announced would be occurring. >> we spoke to people that were concerned that it would happen, and those disappointed in the dilma rousseff government. >> how does this affect chances of ending the mandate? >> well, yes, the current rate of approve is above 7%. facing a huge political crisis and corruption scandal. there has been calls for impeachment, there has been a renewed call on how impeaching the president would erode frust and backfire. we spoke to analysts that said that the downgrading could serve as a blessing in disguise as the congress has been divided in stone walling to pass the measures into taking finally a decision that would allow for these matters to take place. >> thank you retch. apologise for the break up on that line. >> for years gangs schedule part of the water supply in part of the city, the water mafia stole millions of dollars worth of water, on the bla

it was similar to what dilma rousseff has done.vention in private businesses, telling them what to do -- what does a government bureaucrat know in terms of advising? those with a negative factors that they went through. they did not miss the bus. they are late to the party, though, but they can continue. tom: let's pick up from raghuram rajan's classic book, "fault lines." you have been cautious on the economic experiment. where is the fault line for jenny yellen within the american -- for janet yellen within the american economy? sri-kumar: in 2005 he talked about what is going to happen. there it was the case of excessive debt, particularly on the market side. tom: we have a part of the american economy booming, and the rest of it, as you have correctly and consistently stated, it is not happening for a large part of america, right? sri-kumar: that is right. the second fault line is that this is being viewed to an extraordinary growth in monetary aggregates like we have never seen before in u.s. history, and you have had a discon

many of the arrested either belong to president dilma rousseff's party or are considered allies. markus: we are going to take it to the stock market. we are seeing a bull that -- a little bit of a bounce for american shares this session with the dow jones industrial average trading higher, 1.6%. american markets have been up three out of the past sessions. 4we are seeing optimism in the united states, this ahead of a federal reserve meeting, which will start on wednesday. the federal reserve will decide this week whether to hiek interest rates for the first time in nine years. that has investors looking very sharply and attentively at washington, d.c. let's talk you through the european close on the side of the atlantic. we saw shares trading to the upside as well this tuesday. leading the way in paris, up almost 1.2%. car stocks were among the gainers after the fairly strong looking sales figures we got out of the european car market a little bit earlier when it comes to august, at least. let's talk you through a few other stories investors have been watching this tuesday. japan

. >>> brazilian president dilma rousseff is negotiating with the opposition and members of her own partyy to his salvage their struggle economy. the currency has them he had getz again the dollar and investor con fins is the eight lowest. >> reporter: i am in the sao paulo stock he can change in the economic heart of brazil but all eyes are looking 800 or so kilometers noter west to see what president dill nauru seven will do next, will she impose the necessary measures to get the economy back on track. can she? this stock exchange has been overtaken by the big flfort region by mexico. the brazilian county is now at its lowest level against the u.s. dollar since it was introduced in 1994. investor confidence is at all all-time low. >> translator: the government needs to left investors know there is a political environment of understanding and debate. and that all of the measures they are discussing will in the end be approved. >> reporter: the president wants to make massive cuts to public spending. closing 10 of her 39 ministries. but by doing that she risks alienating the very people w

. >> brazil's president dilma rousseff is having a tough week ahead.he faces impeachment. >> undermining the support from the very people who brought her to power. meanwhile, the government is trying to distance itself from a massive corruption scandal involving petrobras. they have been trying to distance themselves from that corruption scandal, but there is no doubt that her government has been stained, confidence is questioned. in the future of investment, in the future of that government. things are looking very difficult. she's involved in negotiations with members of her own party trying to shore up support and members of the opposition trying to impeach her from her handling of the situation and her closeness to that corruption scandal. meanwhile, the economy taking a battering. the government looking to implement confidence in the situation here. people here outside of the congress protesting. things moving very, very fast here in brasilia. meanwhile, the rest of the country very nervously watching and waiting. >> let's take you through a few m

dilma rousseff would kill for that. >> he's perceived as weak on organized crime, 34% of mexicans approve of him on that point. but even journalists live in fear of the cartels. >> the problem is that traditionally in mexico, the president is the big father of everything, has been for many years or many years was seen as the you know the giver and the responsible of everything, in the country. so now adays, pena nieto, for good or for ill, is getting also blamed for everything that happens. so good and mostly what has happened is not good. so he's getting that blame. now, having said that, it's also true that he appears to have missed some political chances, or some chances, to get -- to take some political advantage, or some political or neutralize some of the political problems that he has been facing including the disappearance of the 43 kids, students of normal, was not something that cosh attributecould beattributed to l government. >> but reaction to it has been -- >> has been a problem. >> jose carano of the excelsior in mexico city thank you. >>> the fight to eradicate polio, a sp

maduro has announced venezuela will take in 20,000 syrian refugees while brazilian president dilma rousseffsays brazil will welcome refugees with "open arms." chile's president michelle bachelet says chile will also accept more refugees. the united states, meanwhile, is reportedly considering taking in more syrian refugees as it faces increasing domestic and international pressure. white house spokesperson josh earnest spoke out about the crisis. >> we continue to be concerned position oflnerable so many people who are fleeing violence in their home country. in the united states, in the way we play leading role in confronting so many other thorny and difficult problems come --repared to continue problems, are prepared to continue and playing a leading role in trying to assist those organizations that are trying to meet the needs and basic military needs. amy: the united states has resettled only approximately 1500 syrians since the violence began. we will look at the global refugee crisis around the world after headlines. british authorities are defending the recent drone killing up to brit

como lo dijiste putin, el presidente de mÉxico tampoco, pero hay otros que sÍ, se estima que dilma rousseffativo del personal, no con todo el personal de las naciones unidas pero sÍ con un grupo muy representativo. jorge: un punto obligado es el tema de la inmigraciÓn en europa, un punto que me llama la atenciÓn es que los alemanes van a recibir casi 1 millÓn de migrantes y a diferencia de lo que hacen en estados unidos ellos les enseÑen el idioma y despuÉs les consiguen trabajo dentro de la sociedad, una cosa que no estÁ sucediendo en los estados unidos cuando sus niÑos emigrantes se cruzan la frontera son detenidos, inclusive, muchos de ellos pasan dÍas en la cÁrcel y a veces salen hasta con grilletes, es significativo de la reuniÓn quÉ se puede aprender de lo que estÁn haciendo los alemanes con lo que estÁ haciendo los estados unidos en esta crisis migratoria. marÍa elena: peggy, quiÉnes son las personas que pueden estar presentes en las naciones unidas, no solamente durante el discurso, sino en los pasillos para poder saludar al papa. peggy: lo que tenemos entendido es que diferentes cu

currently speaking, the president of brazil, dilma rousseff. we will take you to the u.n. now . shoulderpreted] we fortify the climate convention. include financial and technological support to developing countries, and to small island states, in line with the principle of common but differentiated possibilities. brazil is making a substantial effort to reduce greenhouse gas emissions, without nevertheless impairing our development. to diversify sources in our energy, one of the cleanest energy mixes. we are currently investing in culture.n c accordingly, just yesterday, i announced here at the united , brazil'sazil's indc contribution to reduce greenhouse gas admissions by the will be 40 percent of baseline. endil ensures to , as well as the crop, livestock, and for street practices. in a world where the share of her know sources accounts for average in the overall energy mix worldwide, we intend to ensure a 45% share of renewable sources in our domestic energy mix. ,o that end, we will pursue 60% as the share of hydro sources in electric generation, and renewable sources in el

a failure on the part of dilma rousseff and the finance minister to keep investment rating which has obvious implications for the brazilian real. still ahead, what you need to be watching before the opening bell in new york city. we will be back after the break on this rainy day in the big apple. ♪ erik: bloomberg television and we are minutes away from the market open. i am erik schatzker. here is scarlet fu. scarlet: we have to big day. another emerging market seemingly falling apart. brazil joining china and questions do not and. is ill here.chir bloomberg's executive editor tracy pauli is also here to tell us which moving markets as we head toward the opening bell. tracy: i am. shall we start with brazil? things getting real? [laughter] scarlet: you cannot resist. tracy: it is down quite a bit and stocks are down. the weird thing is that if you look at a lot of investors and analysts, they say this was priced in, so here's the price of cbs protection for brazilian government bonds which has been taking up. a lot of investors, at least in the bond market, tell you that this is not

dilma rousseff, president xi, putin, hassan rouhani from iran will speak. he'll leave early to go back to iran and the first ceremony marking the deaths of many of the iranians who suffered delgts in the stampede at the hajj. we'll hear from raul castro first time addressing the u.n. assembly as the leader of cuba. he hasn't been in the united states since 1959. he's never been to new york. we think he's going to talk less than his brother did back in 1960. his brother fidel holds the record of 4 1/2 hours. he spoke about a prequel meeting. he demanded that the united states end the embargo completely, not diplomatic relations not enough for him. president xi, it will be tough for him to make news. we've heard so much from him whether it was seattle or washington. he spoke over the weekend. topic one here at the u.n. is definitely the situation with isis and what to do collectively in the world if anything at this point. back to you. >> michelle, thank you very much. obviously a lot of news is going to be happening this morning and throughout the day. miche

does dilma rousseff stay in office? diego: i feel a lot of people are calling for her impeachment.resident who is better to complete the mandate. therefore, the pt is part of the ruling election. we think to the elections next year that she is likely to stay. the thing is that the finance minister is well respected. if he leaves, i think that you can see even more pressure in the currency and general assets. good days a few for reality, izilian wonder if you can define for us what these currency movements express about the overall story. of 1990ut the fears eight, but more of what we saw in ecuador ages ago or 1994. the currency markets tell us something. what are they telling us this time around? diego: i think this time, they are telling us that a lot of countries have learned. if you have an external shock caused by commodities, it does not affect every single country. is anery emerging market exported some are benefiting from the situation. switched a lot of their financing into local currency. they have built reserves and flexible effects. if you have an external shock, the be