has there been a drop in aid to latin america?>> congressman, first of all, on the mexican relationship, having been present at the birth, if you well, of the meriden, it started very large, and we did know that it was going to ease off because of the equipment that was, as we said, very explicitly, front-loaded. because equipment takes a long time, helicopters in particular. you have to order it and decide which kind. but we also, in conversation with the mexico can government at the time -- their feeling was clearly they did not believe they were going to need assistance from the u.s. government for a very long time. that they were a country that had very good resources and they needed our expertise more than they needed huge amounts of resources for equipment. the government of the president believes they still need our expertise and our training, but that we the reduced amounts will be sufficient for what they require of us. so we do believe that these reduced amounts -- we hope they will not trail off precipitously from here,

backing away on its commitment to mexico and how does that number compared to other countries in latin americabeen a drop in age to let america? >> a couple things on that. first of all, on the mexican relationship, having been present at the birth if you will of the initiative when i was director of mexican affairs and deputy assistant secretary, it did start very large and we did know that was going to ease off. because of the equipment, and from loaded, equipment takes a long time. we also in conversation with the mexican government, they're feeling was they did not believe they would be need assistance from the u.s. government for a long time. they had very good resources and they needed their expertise before huge amounts of resources with equipment. they still need our expertise and training, but reduced amounts for what they require of us so we do believe these reduced amounts, we hope they will not frail specter of -- trail off precipitously. >> that is a huge drop. >> they get past the biggest equipment purchases. >> in latin america -- >> let me say honestly i would not deny there ha

i had a flight from cuba to latin america. the united states revoked my passport to trap me in the moscow airport. when people ask why are you in russia, i say please ask the state department. >> the u.s. state department says snowden's passport was

warner says 95% of the growth comes from latin america.ime i think latin america is becoming a difficult place for american companies to do business these days. argentina has been squeezing american companies, venezuela is a nightmare that leads to perennial estimate cuts. latin america's growth and at&t desperately needs growth to appeal to everyone except those buying stock as a high-yielding bond equivalent and they get money here, too. nevertheless, if there weren't issues here, i don't think the terrific ceo of directv would be all that anxious to sell. i hear how motivated at&t is to do the deal but mike white seems anxious to sell. perhaps because he's gotten all he can out of this franchise. i don't want to buy from mike white. i want to sell with it. if you own directv, you should, too. stick with cramer. we believe oug the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking f

. >> we stay in latin america and head to panama -- one of the economic hopefuls in the region. it boasts economic growth figures of around 8 percent -- and a very young population. more than a third are under 25. and many of them feel that it is up to them to drive the change that will make their country fit for the future. every year the world economic forum in davos identifies "global shapers" and supports them as a network. they launch events to improve lives and bring about change. >> there aren't very many old buildings in panama city anymore. economic growth has led to a nationwide property boom. when franklin morales drives through the city, he's surprised at how many new buildings he sees. the skyline changes almost monthly. panama is now one of latin america's fastest growing countries. franklin morales is 28 years old. he attended university and gained experience working abroad. he's now using it back home in panama but not to earn big money. >> the country has another side -- ongoing poverty, people who lack access to health care and education. there are still fundam

. >>> a coffee fungus attacking grounds in latin america. >> the government is joining texas a&m, for rust-resistant varieties. the fungus caused more than $1 billion in damage in at least 5 latin america. >> we are in deep trouble because we need it. $10, we're still buying it. >> half of my salary goes to coffee anyway. that would kill me. it's expensive. just think if it doubled. >> the winds kick up outside. we've got an area of low pressure in the bay area. high deaf doppler radar showing so far, it remains dry but we could well see scattered light showers into the bay area all because of the low that's sliding down the state. you can see it bring rain from eureka and northern california. it will take time to get here, but later today, there's a chance of seeing widely scattered showers. clear skies and the winds whipping in the trees there, warming up in the 60s and 70s now. as we head throughout the day, the winds likely to pick up. pretty blusterly in spots and 30 miles per hour. sustained at 19 into san francisco and 14-mile-per-hour wind in vallejo. in the afternoon, we see

and a lot more in latin america, a place where at&t would like a nice foothold. from directv's standpoint, they've been losing business to places like amazon prime and netflix. in fact, if you look at the subscriber growth at netflix it was up over 22% over the last year, compared that with directv, less than 1% growth. >> jeff: so much happening in february, comcast said they were going to buy time warner for $45 billion. what is happening in the business right now? >> you know, we're changing the way we consume our television. people want the tv when they want it and they are willing to cut cord with the cable companies. in april, it was reported that 6.5% of households cancelled their cable services. and these cord-cutters are just trying to save some money. they're saying, i can pay $10 a month, that is a heck of a lot cheaper than 40, 50 or 60 a month. >> and the government is responding. >> well, the f.c.c. are finally getting into this. they've been talking about it for a while. last thursday, they took a vote to talk about whether or not they could advanc

today's latin america report. authorities in colombia are trying to piece together what led to the deaths of 32 children when an overcrowded us they were traveling in caught fire. another 22 children and adults suffered burns in that fire that took place sunday as they were traveling home from an event in an evangelical church. the driver of the bus turned himself in on monday. witnesses said he left the vehicle running when he went to fill the tank with gas from a portable container. slowed economic growth more than analysts predicted the third quarter. prices -- al chile's central banks said gross domestic product expanded 2.6% from a year ago. that is down 2.7% from the fourth quarter. that is your report for this monday. coming up, grandma can now invest like a hedge fund. we will tell you about new funds in the market that let pensioners that on junk related companies. we will continue in a moment. ♪ >> coming up tomorrow, a bloomberg exclusive. down inedvedev sits moscow could they will discuss the crisis in

the people in latin america don't have to know anything about why.ho is willing to pay the higher price? the price transmits the information that graphite is more scarce and in demand. kodak to the pencil what brought all these people together was an enormous complex structure of prices the price of rubber, the wages paid and so on. a marvelous example of how you can get a complex structure which there was nobody who sat in the central office to send in order to malaysia to produce another bowl of rubber or -- it was a market that coordinated it all without having to know all the people involved. >>c-span: how many times have used told that story? [laughter] >> guest: not that many times. i did on the tv programnéwó12ru an end in the book but i think this is the third time >>c-span: you were living in san francisco earlier. what brought you here? >> guest: at the age of 65 at that time living in chicago. i decided i graded all the papers i would grade. my wife lived in portland oregon and was in love with san francisco and wanted, tried to move us ou

, jfk didn't want to fully have latin america open to the private interests of individual companies. he thought they should be strong rather than simply pushing their leaders to be open, whereas david rock rockefeller and people coming into the folds of major banks, saw this as a tremendous opportunity. cheap mottes. right next door. branches were going up left and right. and they really wanted the government to support much mother of their private endeavors, and jfk kind of thought that latin america should be strong on its own. so that was kind of a divergence, and then he was assassinated and lbj came in and he had this -- first first of all much more than.the private interests and international and much more supported what the bankers wanted to do, and had many more personal -- he knew how to stroke their egos. a lot of invitations, a lot of back and forthbetween wine wearing and david rockefeller and members of the national citibank and invited to his rank, monthly elite dinners in washington where he would invite very particular members of the financial and other types of busin

the chief executives are saying ions especially in latin america. ke in america movil. it has direct competition with directv in latin america. fighting in off, cell. get after the latin american businesses. directv will compete. but clearlytments, it is word by regulatory issues. does not gon through, at&t does not have to pay direct tv and he cash. directv would have to do the paying. deal.l at&t gets cash profits. fascinating stuff. that shantou waylaid concern. it will be the third biggest deal. -- that would away leg concern. waylay concern. >> general electric is in the early stages of areva about partnerships. for $70 french approval billion bid to buy alstom. they are waiting direction from the government to see if it has to get it done. lose after swiss voters rejected. the contract for 22 airplanes was opposed by more than 53% of all voters. first drop in its five years. and rising fuel cost competition. we spoke to the company's cfo earlier. a lot of people decided to stay at home rather than travel abroad which is general across the indus

it is time for today's latin america report.tude 6.8 earthquake rattled the coast of panama today. people had to run out of shaking buildings but no damage was reported. the u.s. geological survey said the earthquake was centered off the pacific coast, about 81 miles south of the city of david. cupnth before the world kicks off in brazil, representatives of more than 19 security institutions gathered about how they can work together to guarantee security during the tournament. the civil aviation minister of brazil met with world cup organizers at the international airport of rio to simulate the arrival of delegations. terminals are still undergoing terminations and only one of the terminals will be ready when the tournament begins in june. that is your latin america report for this tuesday. coming up, executive compensation. we will look at why the early $2 paid its ceo- cvs -- cbs paid its ceo esther might be 19 times bigger than the going rate. ♪ >> welcome back. we turn our focus to executive pay. a recent ceo competition stu

in particular with respect to latin america, jfk didn't want to fully have latin america opened to the private interest he felt that they should be pushing their leaders to be open or david rockefeller and other people that were coming into the folds of the major banks at the time saw this as a tremendous opportunity. and they had the commodities it was right next door. the branches were going up left and right and they really wanted the government to support much more of the private and others into jfk thought that latin america should be strong on its own so that was the kind of divergent but then of course he was fascinated and lbj came in and as i mentioned before, lbj first of all he was much more about sort of the private interest internationally. he much more supportive of the bankers wanted to do and he had many more personal -- he knew how to stroke their ego. there was a lot of back and forth between david rockefeller and between the members of the national city bank and in and out of the white house. he was invited to the ranch and had these monthly dinners in washington whe

hoban has 25 years of development experience in latin america. is a senior deputy id instrator for the u.s. the caribbean. she served as the director for haiti task team. whole prepared statement will be made part of the record. at this point, we will begin with ms. jacobsen and ask all the witnesses if you could summarize your remarks and we will go to questions. ms. jacobsen. >> thank you, mr. chairman. i want to thank you for the opportunity to appear here today to testify on u.s.-mexico relations. i am gratified because i think this is the largest number of members we have had at a hearing in this committee on latin america. i also really want to thank the western some -- western hemisphere subcommittee for their consistent and bipartisan support of the u.s.-mexican relationship. our relationship is -- with mexico is positive and successful and really is congress's support as a cornerstone of that success. i'm going to speak briefly on security and the rule of law because my colleagues will cover that in more detail. i want to first provide a

in particular, with respect to latin america, jfk didn't want to folly have latin america open to theprivate insurance of individual companies. he thought they should be strong rather than simply pushing their leaders were as david rockefeller and people that were coming into the fold of the bank at the time saw this as a tremendous opportunity. branches are growing up left and right and they really wanted the government to support much more of their private endeavors in jfk kind of thought latin america should be strong on it don't. that is kind of a divergence, but of course he was assassinated and lbj came in and as he mentioned before, lbj first of all was much more about private interest and much more supportive of what the bankers wanted to do. he knew how to stroke their egos. there's a lot of indication, a lot of back-and-forth between members of the national debate and not at the white house invited to his ranch. he had these monthly dinners in washington where he would write particular members to make them feel better on the same side. after kennedy was shot and lbj came int

so does america mobile -- presence in latin america. so does america mobile. at&t says they will sell off america mobile shares. they are worried that the regulators will give this the thumbs down. it is why the at&t deal as it stands would have no breakup fee for directv if it does not get through. they are not on the edge of having to pay up front on anything. there are worries that a why role -- rival could swoop in. such as dish network. so far, dish says it is too expensive. >> that is true. their chairman says the valuation looks a little bit frothy. perhaps it is time for alliance. >> it is, day monday for us. &a monday for us. there was talk that it has the option to up that to 100% -- it could buy the rest of the 55% it does not already own in february. could that be sped up? but that come sooner than the eight months in the timetable? there are a lot of hedge funds taking take -- stake in alliance , hoping that it could be streamlined by walgreens. they are trying to use cash abroad. this could be exactly what walgreens wants as well. become headquar

there are other countries in latin america who would like to join tpp in the future. in response to senator isakson's question, we're still looking for ways to engage with brazil to deepen and broaden our economic relationship there, and to build upon the network of free trade agreement that we already have with latin america and the caribbean and deepen our relationship with them accordingly. >> senator carper is next. >> thank you, mr. chairman. thanks for coming. i was just leaving when you introduce your wife and your family. nicety to come here and have his back. thank you. i have a number of questions. i'm going to go back to one, maybe reach out some ground but not too much i hope. as we negotiate to reduce barriers and increase the trade and other nations, for example, japan and australia as you know, both have gone with us in the trans-pacific partnership. recently concluded a bilateral free trade agreement. colombia, mexico, peru and chile of which are also in trans-pacific partnership concluded their own agreement but as you know other partners are seeking

are there other opportunities in latin america we need to pursue based on that tremendous growth?>> i think there are further opportunities we can pursue and tpp has not only asian countries at the table but countries from latin america, mexico, peru, chile, following with great interest the development of the pacific alliance in this region as they open their markets to each other. there are other countries in latin america who would like to julian tpp in the future in response to senator isakson's question. we are looking at ways to engage with brazil to broaden our economic relationship there. had to build upon the network of free trade agreements we already have with latin america and the caribbean and deepen our relationship with them accordingly. >> thank you. senator carper is next. >> thank you. very nice to see you, thanks for coming in. i was introduced to your wife and family, very nice of you to come here and to have his back. thank you. i know a number of questions i thought of asking. go back to one, not too much i hope. as we negotiate trade agreements, others are a

it is time for today's latin america report.s presidential contenders are winding down their campaigns ahead of the may 4 election. looming over the boat, strike by construction workers has paralyzed the expansion of the panama canal. voters saying inflation is their top concern. construction workers walked off the job april when he fifth in an effort to win 35% salary increases. the move threatens to further delay the canals expansion. it will accommodate ships that are 25% longer and more than a third wider than the biggest ships that can use the canal today. the most expensive ingredient in a margaret is not the tequila, but the lines. cost tripled in the past month. before cinco de mayo. lime places are searching with growers in mexico banding together to set prices after a crop disease ravaged trees. that is your latin america report. now a bloomberg exclusive. merck and makers anchor stephanie ruhle sat down with steve wynn for an extensive interview. they discuss how lost i guess is no longer just a gambling town. there h

. ♪ >> it is time for today's latin america report.central-bank borrowing costs unchanged for the second straight month. this as an inflation rates reach a five-year high and economic growth a near five year low. that is today's latin america report for this friday. 20140 14 tv upfront -- the tv upfront season is over. the major networks have unveiled their lineup for the fall and advertisers have sold an estimated $25 billion to push their products on those shows. porter bibb is from mediatech capital partners. glad to see you again. >> always glad to be here. >> will the advertisers get worth?oney's >> it all depends on what you consider money's worth. advertising cost per thousand? the rates that they pay for each viewer went up about 4.5%, 5%. fewer show went down. there are fewer eyeballs. there. money is the viewers are disappearing. i think this is a watershed moment for network television. >> it seems counterintuitive. if the viewership is down, out of the networks recoup the ad dollars if no one is watching? --there is a littl

. ♪ >> time now for today's latin america report.ts president will cut income taxes and raise cash handouts to the poor. this comes ahead as popularity declines ahead of october. altering the income tax payable to boost take-home pay. also boosting the cash transfers in the social welfare program. the moves are designed to help keep the 36 million and a fishy areas above the world bank up point to the first latin vicecan as though president, a mexican national who served as executive director director of the world bank in washington. aarged with overseeing portfolio project from jamaica to brazil that totals more than $30 billion. today's latin america report. medical merger and acquisition news. pfizer preparing to sweeten the bid to astrazeneca. that is according to people with knowledge of the matter. the offer may value astrazeneca at more than $84 per share and include a larger cash component. this could happen as early as next week. more news from the generic drug front, boosting profits in the fourth quarter. inting sales on s

it is time now for today's latin america report.p is cracking down the wake of that $400 million loan fraud of the rescue unit. a dozen employees were fired. on the list, citigroup's chief of risk for the institutional clients group of mexico and the head of treasure chest treasury and trade services for mexico. the bank also fired the managing .irector, and sergio an internal memo says more city employees will face penalties. the high costs -- of health care. we will look at the medical treatment pets are getting. and there is a dog in an underwater treadmill. olivia sterns joins me after the reak. ♪ >> i have three cats and they all hate each other. my husband and i spend a lot of money at the that office. shall have $14 billion last year on veterinary care. the number is expected to rise. olivia sterns went to one specialty center where you might not believe. qwest today, he is training on an underwater treadmill to strengthen his legs and core, just wanted van -- example of the advantages of special care for pets. >> i can under

but also under pressure in latin america.re also being hit by , thencies, one example argentinian peso during the first quarter down 19%. what is the status in telefonica's bid for the german mobile operator? this is a bid that would make this deal seem like small beer. to recap what the -- this is the bit where telefonica wants to unite telefonica deutsche land with the german mobile operator now owned by a dutch phone company. that would make it the biggest operator by customers in germany. bys is finding some concerns the competition authorities. the european commission is looking at. will get anhey approval for this in june. yesterday, the european commission says they have suspended the deadline because they do not have enough information. >> thank you. passionate barclays premier league fan. ♪ >> time for today's company news. omnicommerger between has been terminated. there were difficulties in completing a transaction. no termination fee will be paid by either party. apple is said to be close to a electronicsng beats

too often we've not attended enough to issues in latin america. there are things that happen in latin america that if they had happened in another part of the world, we would jump on them more quickly. so i think this is quite frankly long overdue. and i do think that there is merit to the concern that mr. meeks raised that there is a process, in other words, this is a more aggressive step that usually we've done -- in other parts of the world, we would have done other things first. but now this has gone on for months so we must act swiftly at this point. and i want to say particularly with respect to latin america, first, we'll l rk, we realize e is unique and different. but we can't overlook the history of the region and the fact that in the '70s and '80s, you had leaders who disappeared thousands of people throughout latin america. and we can never let that happen again. so we have to be swift in condemning it and making sure that they know that the united states will take real action. with respect to the resolution that mr. smith put forward o

coming up, the latin america report with the law taking.k at where the best teams will be playing next month at the world, and -- world cup in brazil. ♪ qwest time for k's latin america report. facing off. here is a look at what those teams will be playing on. -- nottnership artificial turf, but a commendation of grass and that. ♪ ♪ ♪ ♪ >> i am pretty tight and i cannot eight or the world cup. that is your work for this tuesday. coming up, bucking very it types and creating action is were girls. we will talk about a mission to help young girls envision themselves as strong and our. -- powerful. ♪ >> president obama is about to make his a man. qwest on behalf of a great old nation, or the extraordinary five as they make on behalf of of security there are no is also able to meet with our dinner to assess the project -- progress we have made. i want to date the american evil on how these here, we will bring america's's longest word to ayers on will and. the united dates -- responsible end. we went to afghanistan out of ms. s vf or our nation w

it is time for today's latin america report.t president dilma rousseff's lead over her main contender for the october elections has narrowed. that's an indication she may not have enough support to win in a first-round vote. a new poll shows that rousseff's support was little changed at 37%. two win in the first round a candidate needs to have 50% and more votes than the other candidates combined. it could mean the central bank will keep rates unchanged. inflation was measured by the benchmark index at 67 hundredths of a percent. it was 92 hundredths of a percent in march. that is your latin america report for this friday. friday's big number, $3 billion, how much we will spend on flowers this mother's day. alix steel has been digging into the business of flowers. >> did you not by your mother flowers? >> and taking her to dinner. >> and buying her flowers? >> sometimes i think dinner is enough, but you are right. >> there you go. your mom can thank me later. it's a huge day for florists, one of the biggest. expecting sales to r

that is your latin america report for this thursday.g up, looking at efforts to employees -- close the employment gap between men and women. we will continue in just a moment. ♪ >> be sure to check out the latest edition of bloomberg "businessweek." one issue features cristiano rearinaldo. according to the white house, by the age of 65 the average woman would have lost 435 thousand dollars over her working lifetime because of the pay gap between men and women. joining me with more on building a global strong -- stronger economy, carly the arena and opportunity international the key eschar up. welcome. thank you for coming on. when you hear those numbers, what do you think? >> i think first of all, any country any community, that does not fully utilize the resources that women represent are hurting themselves. women are half the nation, half the world. clear, whenreally women are fully engaged, women get better. it is in people's self-interest to leverage the skills and talents that women bring and to value what they bring. >> why are we

sales in the latin america report when we continue in just a moment. ♪ >> earlier today, peter cook folk intense interest in the fda's opposed regulation andhe e-cigarette ministration. >> we are already getting requests to extend it. we will look at that. we want to move forward in a timely way. this is very important. we need to have extended authority in the products. for new products likely to come. inside pepsico with exclusive interviews and access within the company's gatorade. only on bloomberg tv, streaming at bloomberg.com or on our app for the smart phone and tablet third time now for today's latin america report. the colombian president will preside at the funeral for the children killed in a fire at an overcrowded bus. bringing them home from sunday school. the service will be held near the caribbean coast. are pressing charges against the bus driver, its own -- owner, and those who contacted the vehicle. protestersafter battled security forces. protesters felt security personnel would rock and -- for 15 days to go before the world's most-watched sports event kicks off. that

asia-pacific, africa, latin america.know if they will be attacking or going into these regions. they are already in asia-pacific, so we will have to look at how they have to do biased -- divest away from russia. >> we got earnings from a be in-depth -- ab inbev. their revenue from eastern europe which is a different picture from carlsberg. the problem that carlsberg, in terms of russia exposure, is not sort of unique. societe generale also reported the same issue. heavy russia exposure. what now? they made this that. is it feasible to get into asia? this has been the theme and agent brewersthe or did they miss the boat? >> you may say they missed it because ab inbev entered the market. breweries there. they have other opportunities to buy into china. they can enter into that market and sell within the region. there are other markets in southeast asia, something that heineken has been focusing on. >> if you look at the world --, influenceve a huge for a be in-depth. the biggest for inbev. if anything on it will be the loc

. ♪ >> is time for today's latin america report.s of protesters marched through the city of tempe go on mexico's east coast, calling for peace and an end to violence. protesters marched through the city to demand the government provide better security. the area has been the scene of deadly turf battles between the gulf cartel and these that the drug gang. although a calm down in 2012, violence has flared up again in recent weeks. president obama praised trade thecommercial ties with south american president. president obama says he has been consistently impressed with the progress uruguay has made since he took office in 2010, particularly as committed to democracy and human rights. that is your latin america report for this monday. the major television networks are unveiling their fall season that were -- fall season shows two major advertisers. nine $.1will get billion in advance commitment in the so-called up front tv at market while cable programmers get $11.2 billion in commitments. my guest is the director of research at horiz

the vast majority of latin america doesn't have that benefit. all politics aside and understanding that these are real people. they have real fears and are coming from countries that the economic situation is so bad, they fear going back to that place more than they fear any punishment that our government or our law enforcement agencies can impose upon them coming here. >> and the show indicates the horrors that they are willing to go through. journey through the desert and they hear about a shocking and underreported obstacle, rape, men who prey on immigrant women. can pg. >> the fact that women are, then are willing to make in order to have a better life. >> it's sick to know that as a woman, not only do you have to worry about getting sick, breaking an ankle, you also have to worry about being raped. this world is an evil world. >> there are so many things we vice president heard of before. and the mexican government certainly is not helping but american policies aren't helping, either. >> no. they're not. and again because it's such a contro

la feria del libro, cumpliendo con los compromisos propios del Único novel vivo de literatura latÍn amÉricasta en el palo superior del palo, asÍ avanzaron a octavos de final. >> faltan 42 dÍas para el inicio del mundial de fÚtbol de brasil. es una tradiciÓn que los fanÁticos de y tarda se den cita en un ciudad - de quitarla se den cita en una ciudad polaca, el festival atrae a una cantidad de personas, ese aÑo el nÚmero de músicos participantes ascendiÓ a una cifra mayor que la ediciÓn anterior, asÍ, a ritmo de jimmy hendrix, nos despedimos esa noche, a nombre de todo el equipo que hace posible la ediciÓn nocturna, que somos muchos, gracias por su atenciÓn, los esperamos maÑana, buenas noches. ♪ ♪ ♪ ♪ ♪ ♪ >> hola muy buenos dÍas. ya es viernes. gracias por estar con nosotros. >> no, es mayo. >> tenemos mucho que compartirles.

is it california, latin america? >> all of them. producing great wines for a long time. south america too. it could be the next trend. >> you were a champagne man originally. why the shift? in bordeaux, you can still drink a lot of champagne. don't worry. >> many thanks indeed for joining us. narendra modi will be sworn in as india's prime minister today. ♪ >> welcome back. narendra modi will be sworn in as india's new prime minister today. over to mumbai. what are you hearing so far? that swearing in will happen at 6:00 p.m. your time today. he will be sworn in and he will also announce his cabinet. we are watching out for a lot of probables. expected to be a smaller cabinet than previous ministries. he has reportedly been saying that he will focus more on governance rather than having a large cabinet, possibly suggesting that activities of -- that isisters what we are picking up. the one name everyone is watching for is who will be named as the finance and investor of this government. one has worked previously with the world bank.

. ♪ >> it is time for today's latin america report. e bondses have returned 40% over the last year. that's the most among emerging markets. now the second largest economy in south america is preparing to return to the bottom -- bond markets. we're following that story. i got choked up just talking about it. argentina has an issue debt in the international markets since -- hasn't issued debt in the international markets since 2001. >> it defaulted on $95 billion in 2001. >> that will do it. >> it took five years for them to have their first restructuring and then it wasn't until 2010 that they had their second restructuring, all the while offering creditors the worst terms since world war ii for a restructuring, about 30 cents on the dollar. and there have been 7% of their creditors just didn't want to go in on the deal and those are the big holdouts that have been wrestling them in court. and when you have this threat potentially of attachment in courts, you stay out and they've been kind of organically growing through a commodities boo

. ♪ >> it is time for today's latin america report.espol hashas -- pf.d a remaining stake in y they sold 12% through morgan and ay for more than one quarter billion dollars, realizing a pretax gain of $622 million. ford motor has suspended production in venezuela for at least the remainder of the month due to a shortage of parts. the automaker took a $310 million charge in the first quarter for the sharp devaluation of the venezuelan bolivar. in thest before taxes first quarter more than doubled from the year before. that is your latin america report for this wednesday. saidchair janet yellen -- -- fed janet yellen says the economy is recovering but needs a dose of stimulus. peter cook has more on the first two days of testimony had no major change in her outlook. >> no major change indeed. she did not stray too far from the message the fed delivered last week. the economic outlook is improving enough to wind down the bond buying program, not yet good enough to start taking about raising interest rates at this moment in time. she told

it is time for today's latin america report. if the -- if you're like many mexicans and americans, you might shake up margaritas today for cinco de mayo. the day of the battle of playbook. you might have to do without the one key ingredient, limes. why we may have to substitute our limes for lemons. say it is not so. >> a heresy. so terrible. margaritas are a huge seller in america. we spent about $3 billion a year on the drink. the problem is limes are just so expensive. 81% since last year. that is more than double what it was in mid-january. they are even more expensive than the chela -- the tequila. basicallyp 56 cents, announced. for the journey you will have tonight, the line will be one of the biggest input cost into it. frome u.s. imports most mexico. growers have been accused of price fixing. >> the mexican consumer protection agency filed a complaint against growers in the state over price-fixing. back and come with a 10 year prison sentence. here is what winds up happening. you have a huge valley doing really well. th

. >>> the sights, sounds and flavor of latin america are filling san francisco's mission district this weekend. people danced to the beat during the first day of carnival along bryant street. this marks the 36th year for carnival in san francisco. organizers claim it's the largest organized cultural festival on the west coast. tomorrow is the grandees parade at 9:30 in the morning. for a look at the weather and how we're wrapping up saturday, let's get to frances dinglasan for a look at live doppler 7hd. >> good evening. live doppler 7hd picking up a lot of blew -- blue skies. fog stuck to the coast but that has cleared. fog near monterey bay. temperatures, wide range. looking live towards san francisco, some haze there towards the east bay. san francisco, 60. oakland, 66. san carlos, 68. morgan hill, 77. i mentioned the fog at the cost. that kept things cool at half moon bay. 57 right now. from the east bay to the west, blue skies, few high clouds, slight sea breeze, 10-20-miles-an-hour. so santa rosa, 81. napa, 71. novato, 77. fairfield and concord, 83. livermore, 79. things will war

there are other countries in latin america who potentially would like to join t.p.p. in the future. we are looking for ways to engage with brazil to broaden our economic relationship there. and to build upon the network of free-trade agreements we already have with latin america and the caribbean and to deepen our relationship with them accordingly. >> thank you. >> thank you for coming. it was nice for you to come here and to have his back. thank you. thank you. i have a number of questions that have been asked. go back to you one and maybe replow some ground but not too much i hope. as we negotiate trade agreements, to reduce barriers and increase the trade and other nations, japan and australia, as you know, a bilateral free-trade agreement earlier this year, many of our negotiations are seeking deals with china and with europe. many of these free-trade agreements may not be as ambitious as the t.p.p. is excited to be. what is the effect of so much negotiation even with our own partners that don't involve our country? hat is the effect? >> i don't think these are necessarily mutu

all through africa and latin america and asia and europe and america.all have very similar problems. some of them are different magnitudes. some involve different diseases. but you don't have to go very far from right where we are sitting. just go to haiti and look at the terrible tragedy that has taken place there. the world pledged all this money and yet they are still there with diseases that i thought were eradicated and they are still living in tents and not having the ability to be in charge of their own destiny and feed their families. we have to get together and do things about it. >> many people watching this interview are big admirers of your work. i am curious to know who you admire. are there thought leaders that you look up to? >> well, we learn from each other. we are both really members of a group called the giving pledge. we sit and share mistakes. there are people like george soros who has done really innovative work. we get to meet the scientists working on this stuff. maybe the most amazing are the people out in the field who spend bi

russia echo of the zeroth latin america and others as well. one of the best examples takes place in russia. one example in it to the not the most common but an exaggerated example of what goes on all the time. a person hired by the security agency of the government in the insurgent organization and will try not to mention names but you are familiar. they are on the payroll of the government enjoys the insurgency to overthrow the government. one day that person is charged with the tactic is essentially assassinating his bosses and the government which is a prime minister during the revolution of russia. the person has a choice. does he blow his cover or carry out the assignment with all the perils involved? decided not to blow their cover the ended up killing their boss the prime minister. the interactive process at that point was so intense that there are documents produced at the time by the government in the insurgents the says they are fascinated by the other side to try to take them now. >> host: did 9/11 change our understanding of terror

he was going to go to latin america. >> a lot of people see him as being used a pawn. >> the u.s.ed him to be there because he tried to get out on his way to havana through to latin america where he wanted to seek asylum, and you know, i think the question is not why is edward snowden in russia, why do whistle-blowers who get prosecuted at a greater rate than any president feel the need to flee to avoid life in prison for informing fellow citizens of what they aught to know? that's a compelling question. he is very content in the choice he made. he puts his head on his pillow every night knowing he took action in defense for his privacy rights and that's not something most people can say and he's one of the happiest people i know. >> a lot of people have come down on you for this and support of rand paul and judge napolitano. very interesting story, glenn, thanks for talking about it. >> okay. >>> so coming up, the benham brothers lost a possible tv show as a result of their christian beliefs and today nearly lost their business but there is a dramatic new twist in their story ton

robert: want to visit latin america, but no habla espanol? well, no problema, my friend. of the seven countries in central america, there is only one where english is the official language. but it's not the language that draws people in. this remote, sparsely populated area, is full of incredible natural beauty and wildlife. but i have a hunch even this is not the reason people fall in love with belize. it's the people who, despite sometimes crippling poverty, are so welcoming and hospitable and proud of their little corner of paradise. it's time to delve beyond the glitzy tourism ads. it's time to meet the exotic, the real and the raw belize. travel! for some it's a luxurious escape,

of course, argentina, with a great squad, no denying it, and most observers believed teams from latin america have an advantage in brazil because of their familiarity with the climate on the continent, but critics point out that despite all of the big thes, argentina last won world cup in 1986. >> argentinians take their soccer seriously. it is a passion that seems to know no bounds, but the passion translates into higher expectation for the national team. after decades without a world cup win, the country is hungry for a trophy, and that means pressure for the players and the coach. >> what we have to do is reach the finals. we will be in the top four teams, and it has been a while since argentina reached that level. centero maradona was the of attention when the team last won the world cup in 1986. he enjoys godlike status among his countrymen. since then, the team has had its share of great players, but something has always gone wrong in the championship. the team has not made it past the semi since the world cup win. essi is the current idol, and he says it is not just down to him. >> the