whatever it is guilty plea set of investigations throughout latin america. key to those efforts this is suffering how the money flowed from other bridge to corrupt officials through countries like panama that specialize in offshore banking. but. the investigative unit often i mean a newspaper. he says police investigators here uncovered up i mean and company tied to all the bridge. that sort. it even. at a roadblock when. they were there. to. buy me a sequel more. which. many of the shell companies used by members of the brazilian construction cartel to dispense bribes were set up by. the law firm of the center of the bottom up papers which expose the financial dealings of some of the most powerful and wealthy people in the world. most of. us yes. they have been. us. superman yeah most of. us this is he taught. us. over seen us by the same as he get. to rest of the program called more. than their. us but pan am i was not only a conduit for corrupt payments it was a good place for sweetheart deals. over there but it's. done. so are you doing at the moment all

they are readily abundant across latin america.e get a bit of stabilization, we expect money to recycle back into the the external, both and local markets. jonathan: the question for jpmorgan asset management, the very nature of this conversation talking regionally, not local securities. how important is it to be active in that space right now? diana: extremely important. so there is the security selection or regional selection that you get with the latin -- with an asset manager. ,ut ultimately as it progresses you will have safety tightening and liquidity will have to be a factor. what we have seen in the past cycle, the asset -- passive managers have struggled managing some of the flows coming in and out of the sector, where active positioning allows you to manage liquidity much better. at this point in the cycle, go to an active manager. jonathan: is that a pitch from j.p. morgan today? diana amoa and bob michele, you are sticking with me. we are going to check on treasury through the week. closing out last week with a yield cu

latin america has largely transformed itself into a region of vibrant peaceful democracies. the united states recently reaffirmed their values at the eighth summit of the americas in lima, peru. at that summit leaders acknowledge they need to work together to address corruption, strengthen institutions and improve transparency. we rely on strong partnerships to fight transnational criminal organizations. we work hand-in-hand with our partners to disrupt illicit networks and trafficking routes. because mutual security are so connected we work to counter that activity that drives illegal immigration to the united states. the u.s. with their partners is renewing its commitment to looking at root causes. most of the region enjoys democratic rule. venezuela, cuba nicaragua undermined the shared vision for governance enshrined in the charter. the united states remains committed to standing with the people of cuba, nicaragua and venezuela to achieve the liberty they deserve. cuba the regime continues its hold on powers. president trumps june 2017 cuba policy emphasizes advancing hum

they are abundant across latin america.f we get stabilization, we expect money to recycle into the external and local markets. jonathan: the question for j.p. the very nature of this conversation talking regionally, not local securities. how important is it to be in that space? lisa: the security selection or regional selection that you get you willlatin money, have safety tightening and liquidity will have to be a factor. what we have seen is managers have struggled merging some of the flows in and out of the second or, where positioning allows you to manage liquidity. , gohis point in the cycle to an active manager. jonathan: is that a pitch from j.p. morgan? diana amoa and bob michele, you are sticking with me. looking at treasury through the week. closing out last week with a yield curve, but it was flat at about 25 basis point. today we steepen. slightly to the end of the week. next up, the final spread, the week ahead. this is "bloomberg real yield." ♪ jonathan: i'm jonathan ferro. this is "bloomberg real yield." we a

policy toward latin america and toward the caribbean. our relationships in the western hemisphere are forged by deep cultural and economic ties. we export a lot of goods to the caribbean, and that supports many u.s. jobs. across latin america, our trade ties are just as strong. but today as the region faces urgent challenges and tan significan -- transitions, the united states must be more engaged than ever. always the safety of serving america abroad is top for this committee. there is now a tax on the industry in havana and now china is disturbing. 26 million americans have been medically evacuated from havana with serious symptoms, including sharp ear pain, headaches, vertigo and other conditions consistent with brain injury or concussion. canadians have been impacted as well. we need to know what happened, who is responsible and how to respond. the administration is actively addressing the western hemisphere's major crisis starting with venezuela. the united states has repeatedly condemned the illegitimate election of president madur

disrespect what about for latin america how could having such a leftwing leader in the government of mexico affect the region the whole pink tie it has been in decline in the last elections we saw in latin america so mexico is coming late to the tide of leftist government but on the other hand we see that it might be some sort of collaboration of left and right wing parties and governments and so it may in the end of the day be a push to a more integrated latin america and to wrap it up looking at mexico itself what do you think the message is that mexican voter sent with this vote yesterday we want to change we want a transformation they don't chew over this transfer ritual go to but they vote continue in the conditions that have developed of the less tickets mexican voters wanting a change going to my hold the deputy director of the german institute for international security fairs in berlin thank you so much thank you. now to some other stories making headlines around the world the e.u. has launched legal proceedings against poland that could result in the country losing its votin

whatever it is guilty plea set of investigations throughout latin america. key to those differences the ciphering how the money flow from other bridge to corrupt officials through countries like panama that specialize in offshore banking. but. the investigative unit often i mean a newspaper. he says police investigators here uncovered up on i mean and company type two all the rich. sort. of the nato they were it. they were there. to. buy me a sequel more when. many of the shell companies used by members of the brazilian construction cartel to dispense bribes were set up by fonseca the law firm of the center of the bottom up papers leak which exposed the financial dealings of some of the most powerful and wealthy people in the world. most of. us yes. they've been. running the us. superman yeah. this is he. really said. it and they. say it in the end of the scene us by the scene as he gets. to wrestle we call more. than their. pan and i was not only a conduit for corrupt payments it was a good place for sweetheart deals. in order but it's. important. so are yo

it was the first time that latin america's two top trading blocs met a presidential level between the moken suit in the pacific alliance hold more than eighty percent of the region's g.d.p. a population or. today the president sent the world a clear signal that we're pushing towards regional integration and free trade. they drawing closer together just as united states is putting up barriers in particular the pacific alliance made up of mexico's chile. peru and colombia are hoping that by acting is the antithesis of u.s. protectionism more global trade will swing their way and give almost no we're looking to accelerate the process of wiping out border taxes and barriers to create a free trade zone getting some traction canada and australia among others are in the process of becoming associate members a more than fifty countries sent of service to this summit but there are a couple of important people missing the incoming presidents of colombia and mexico and those manuel lopez obrador in particular the mexican president elect seems to be concentrating on not the trade deal with the un

human weapons trafficking throughout latin america, groups like hezbollah are active in places like the tri- border region in venezuela. this not only poses a threat to the national security and regional stability, it also enables the doctors across the continent to fly to places like western pennsylvania with different drugs. what is the treasur treasury det and to target the networks in latin america including working with countries individually and any leverage we might have to the organizations like the imf or the world bank. >> i can assure you it is a big focus. there is more work to do, but it is a big focus. >> are there specific groups to treasury has prioritized in latin america? >> again, i am happy to go through with you privately. there's a whole bunch of different areas that we are focused on. >> i want to thank you for your hard work on tax reform, just six months after enactment the american people see the benefits of this with tens of millions of american workers receiving better paychecks under the new tables, 4 million have received bonuses, raises our benefits an

so in the case of latin america, i think in the 1968 year, specifically in the case of mexico, there's, like, a completely -- the word we use in spanish, some kind of break in regards to the participation of civil society in different movements. and where the students who were advancing this agenda of democratization in mexico. mexico had a government of 72 years ruling the country so the perfect dictatorership and it was in a kind of democrat way, having one party governing for 72 years, it was a very functional dictatorship from that point of view. so 1968 marks the moment where mexican society, starting with students, and then other groups, started the process of democratization who's going to come to the end of the regime in 2000. well, it's called the international power with the right movement in 2000. so i think that the 1968, it's important because it's the moment that the government becomes much more aggressive against student protests in mexico, against different kind of movements that were previously not as important as the student movements in 1968. but i think that's like

and see how the cold war was experienced in latin america. it's become a very interesting laboratory of different experiments between the u.s. projects and the ussr projects. in the case of latin america, think in the 1968 year, specifically in the case of mexico, there is like a complete ly some kind of break in regards to the participation of civil society in different movements. and where the students who were advancing these agenda of democratization in mexico. mexico had a government of 72 years ruling the country. so i call it the perfect dictatorship. and to us, in a kind of democratic way, having one party governing for 72 years, it was like a very functional dictatorship from that point of view. so the 1968 movement in the case of mexico marks the moment where mexican society, starting with students, and then other groups, started process of democratization, who's going to come to an end of the pre-reg e pre-regime, which is the government in mexico in 2000, so i think that the 1968, it is important because it's the moment that the g

we like latin america.ot of value has been created. -- plus, we are getting past the election cycle. we had columbia, and mexico had the elections. they have traded recently well since. brazil, we are getting closer to the point, but markets have enough premium. jonathan: local or dollar denominated? diana: local, but very select. so pick your spots. jonathan: china has had its problems this year. argentina taking a series of policy mistakes and central banks struggling to regain credibility. brazil also having a bit of a stumble as well. why lat am for you guys at the moment? bob: i think there are a number of things. when i think about being a crossover investor in emerging markets, diana is right. it is difficult. i need a big bottle of antacid to get in and invest. but there are things that are attractive about latin america. currencies look oversold. the dollar is not going to go up forever, and some of our models are telling us that is going to flatten out. when you look at real yield, the u.s. is str

they are readily abundant across latin america. we get a bit of stabilization, we do expect money to recycle back into lat am, both the external and local markets. jonathan: diana, i guess the big question for jpmorgan asset management as well, just from speaking to you guys on such a regular basis, the very nature of this conversation -- we are talking regionally. we are not talking very specific, security to security. how important is it to be active in that space right now? diana: extremely important. so there is the security selection or the regional selection, which you get with an active manager. but also ultimately as we progress with quantitative tightening, liquidity will have to become a factor. and what we have seen in the past cycle, the passive managers have struggled managing some of the flows that are coming in and out of the sector, where active positioning allows you to manage your liquidity much better. so we think at this point in the cycle, go with an active manager. jonathan: diana amoa -- i guess that is the s

policy on latin america. the senate rules committee considers selection security. then a look at cell phone data and privacy issues. later, a review of the recent supreme court term. >> state department and u.s. agency for international development officials testified on the trump administration's foreign policy towards latin america. topics included migrant children and families, humira humanitarian aid, transnational organid

in latin america and a population also between them of more than two hundred million people so there's more than fifty countries that have sent observers to this to also try and participate in these tools but this year and this summit is actually especially for mexico there's a bit of added urgency and that's because things aren't going so well with the neighbor to the north there's been more trade there is more terrorists with the united states so it's kind of fissures that we've spoken to so this really is being seen by them as an opportunity to get going move relationships with other countries in latin america and elsewhere and to really develop that not as a plan b. but maybe something alongside their relationship with the united states. so that maybe in mexico and they were expecting mexico's president elect to be there and perhaps be part of this it's all in these talks but he hasn't turned up. exactly that president lopez obrador was invited to this by the now outgoing president enrique pena nieto president elect lopez obrador i should say he hasn't turned up on a bit of a techn

i'm joined now in the studio by madhu is a political scientist at the latin america institute of thefree university and berlin welcome thanks for joining us this morning thank you for inviting me we mentioned that he's a leftist leader what does that mean for mexico well this is a big three in mexico after seventy years of fear i go over meant twelve years of. government and then six years again of so this is a huge challenge for from mexico i think. this is a you appear to need to be to see a new way of it doing politics and also is this completing the cycle of the most finally he's coming in with some very very big promises i mean he's basically promised to completely change the country what do you make of what he's promised first of all what is he promising and is it realistic in the internet in the last twelve years because this is the third time he presents or he runs for the election is he didn't decide very we'll probably defer to larger problems or issues in mexico on the one hand you have corruption and on the other hand you have a social inequality so he promises that. cutt

to be back with another half hour of news and stay with us though coming up next if you find a latin america. viewfinder fresh perspectives through the lens of local filmmakers around the globe. yeah. those who go there one day ok were there are more noise either. alone not only to be. me i'm the one to solicit what i want to know i don't know why up here dolly i don't want to with what you still don't. know when you know that you love me and you're going to wind up with a little i saw a movie and. not going to look at them see their son yes a dentist. yet the one. asked me to but it doesn't turn into one so. there are whole you know the holy. but the i don't want to be thought it would be. your dream. and you know i want it done then plenty of. it you're going to get. we're not telling. you go girl you go your dreams we go no no no i say either one of. those oh you say they make it all. alone i thought you. go all the way to go. maybe i'm being. hearing what we're going to. see if we also know what i mean and i would argue you know no photo when you think. people who remember one another we

johnson extended to his guest symbolized the high regard with which he views the countries of latin america> president trump was -- president johnson had a second gesture of friendship towards latin america. the president signed an authorization of u.s. support for a $1 billion increase of the capital funds of the inter-american development bank. the president noted that during his. in office, the banks resources had climbed from $1 billion to $6 billion. house,siting the white the shaw of iran. an official state dinner was held in his honor. there was apparent impasse at the paris peace agreement greetings. he can relate to the president indications of progress. particularly with regard to a softening of the north vietnamese denial that they had regular army units fighting in the south. from vietnam, the reports were far from optimistic. slowdown in hostilities as a result of the peace negotiations, the communists had lost -- launched a massive new wave of assaults. later in the month, u.s. chief negotiator arrived in washington for further discussions with the president. after weeks of co

see how the cold war was experienced in latin america. it is interesting laboratory of different experiments between the u.s. and the ussr projects. in the case of latin america, and the 1968 year, specifically in the case of mexico, it was completely -- there was a break in regard to participation of society. so the students were -- mexico is a country that had a government of ,72 really the country. it was the perfect dictatorship to us. democratic way having one party governing for 72 years, was a very functional dictatorship from that point of view. so in 1968, it marked the moment where mexican society starting with students and then other groups started process of -- come to an end of regime which is the government of mexico in 2000. [ speaking spanish ] in 2000. so i think in the 1968, it is important because the moment the government becomes more aggressive against the student protest in mexico, against different kinds of movements that were previously not important. i think it is important turning point in the cold war era. the w

mark: what about latin america's election calendar. how much of a risk is that? kathryn: brazil is the other one. could not be exempt from this way. the frontrunner is also a populist. thead one in columbia where center-right candidate one. -- won. mexico's was the most important history that country. party ruled mexico, so it's quite a busy and uncertain calendar for latin america. that's why we've seen like american assets be so shaken up in the markets. vonnie: you say there are similarities between him and trump. but there are also huge differences. doings to stop him from all different things to lift these up and what will his relationship with trump be when it comes to the wall and nafta? >> i think it will make for some tumultuous times ahead between the countries. it will be interesting. he is a firebrand for the viewers who don't know, he is very colorful, aggressive in his language similar to trump in that way. and it's going to make for a difficult relationship in my view. i think that's one of the risks we have to attend -- contend with. he is going t

the buffet david hertz and his crew prepared was for a meeting of the world economic forum on latin americaarlier this year. 700 politicians and business leaders munched on finger food made of scraps and rejects, prepared by the young cooks from poor families. they made culinary treats fit for the rich and powerful. the message is, good food does not have to be expensive. david hertz also wants to provide direct aid to people in need, to the homeless. david: one of our dreams was to be able to send food to shelters. but because of allll e legislation, we are not able to do this. but we hope in the future we can also change the laws. reporter: these young people show that social gastronomy is a movement that is gaining momentum. host: and now we head from brazil to southeast asia. in 2016,6, myanmar's 5 50 yearf military d dictatorship officiay came to an end. the economy is now growing and foforeign investmement is on e risese. but t so far, mostst developmt effoforts have beeeen limitedo urban areas, like the country's largest city, yangon. in rural areasmeanwhile, pepeople live inin extre

whatever it is guilty plea set of investigations throughout latin america. key to those efforts is the ciphering how the money flow from other bridge to corrupt officials through countries like panama that specialize in offshore banking. yes but the. gate of unit i mean a newspaper. he says police investigators here uncovered up on a main company tied to all the bridge. to. buy me a sequel more went up on. many of the shell companies used by members of the brazilian construction cartel to dispense bribes were set up by. the law firm of the center of the bottom up papers leak which exposed the financial dealings of some of the most powerful and wealthy people in the world. most of. us yes. they've been. us. superman yeah most of. us this is he thought. they really said. it and they. say it in the end of a scene us body and the scene as we get. to rest of the program called more. than their c.s.i. . but pan am i was not only a conduit for corrupt payments it was a good place for sweetheart deals. over there but it's. done. so are you doing at the moment all th

a lot of flight capital from overseas in latin america, south america, russians. >> anthony: russianstry, do we care? trickle down boys, trickle down. >> billy: it has propped up miami once again with another inflated bubble, and the question is how long will it last? >> anthony: there's history and there's the more immediate needs of the present. i need food presently and perhaps some fine bourbon and when i need good food in a city not my own, more and more these days i call somebody if they weren't good at enough things already, has become something of an expert on good food around the world. >> anthony: every time i check instagram you're eating with one of my culinary heroes. he seems to like you a lot better than me. [ laughter ] ahmir-khalib thompson, known to most as questlove. >> anthony: you've been to this place before? >> questlove: i live at this place. >> anthony: really? >> questlove: yeah. >> anthony: yard bird quickly became a miami favorite. serving over the top southern classics to people like us. >> anthony: the old joke was james brown was the hardest working man

those stories and they echo from the philippines, om mongolia, the far east, sub-saharan africa, latin america, central america, over and over again, the stories that you hear, you ask any peace corps volunteer, they believe they serve -- not just serving the greatest nation in the world but also in service in one of the greatest nations in the world. every volunteer says the same thing. you also see from those volunteers is this extraordinary generosity of spirit, this dedication to living out the ideals that we hold so dear, that we speak of in this chamber about reaching out to others and asking what we can do to help them in service, in -- through our own actions, through the support of the federal government behind, what we can do day by day, step by step to try to make our communities and their communities, our world a little bit better. that's what the peace corps stands for. that's what's been repeated day after day, volunteer after volunteer, in hundreds of countries around the world at various times and through all of those volunteers and their experiences. and that's why this bill t

the buffet david heads and his crew prepared was for a meeting of the world economic forum on latin america this year. seven hundred politicians and business leaders munched on thing a food made of scraps and rejects prepared by the young cooks from poor families. they made cullen a retreat fit for the rich and powerful. both of whom are. heard . the message is good food doesn't have to be expensive. david heads also wants to provide direct aid to people in need to the homeless. one of four dreams off to be able to stand for the shelters but because of all the legislation we were not able to do before but we hope in the future we can also change the laws . these young people show that social gastronomy is a movement that's gaining momentum i thought. here it was. yellow. here. and now we head from brazil to southeast asia in two thousand and sixteen million miles fifteen years of military dictatorship officially came to an end the economy is now growing and foreign investment is on the rise but so far most development efforts have been limited to urban areas like the country's largest city

johnson extended to his guest symbolized the high regard with which he views the countries of latin americadentn the day, johnson was able to combine the visit with a second gesture of friendship towards latin america in an elaborate east room ceremony complete with charts graphs, the president signed an authorization of u.s. support a $1 billion increase in the capital funds of the interamerican development bank. noted that during his period in office, the bank's fromrces have climbed to $600 billion. ofo visiting was the shah iran. an official state dinner was his honor. june, much of the president's attention was centered on the peace talks. vance could relate to the president some slight progress,s of particularly with regard to a softening of the north that they hadial regular army units fighting in the south. from vietnam, however, the were far from optimistic. instead of a slowdown in hostilities as a result of the peace negotiations, the communists had launched a massive new wave of assaults throughout the south to erode the homefront and grasp tightened leverage in the struggle. la

discovering filmmaking talent from around the viewfinder latin america has a young man who will stop at nothing to secure an education. the crossing on al-jazeera. else serious to come.

and --s the ceo badly amazon in latin america.his is bloomberg. ♪ >> blackrock is taking steps to establish a sales presence in argentina. sources tell bloomberg the largest asset managers preparing a small so office. it would begin by focusing on selling the company's shares products. jerry's is under attack for allowing pesticides and its ice cream, which it claims is non-gmo. groupumer food advocacy filed a lawsuit against the company and its parent for marketing. they said ben & jerry's ice cream is made by the same though that make many other products that contain a common pesticide. a $4 is set to look for billion loan tooth by fighter jets. the government is working on a deal that will be backed by export credit agencies. become an is boosting defense spending after being shunned by thei arabia, egypt, and diplomatic and economic ties in 2017, accusing the link to iran and funding terrorism. they have denied the allegations. estimates the average household will spend $292 in store from backpacks, note books, and gadgets whi

latin america. are one of the top stories. is growing outcry in the united states over president. hold russia to account election meddling during his meeting with. intelligence chiefs including the former cia director. treasonous. hundreds of displaced syrians who approached a border fence that separates syria from the. heights. a new investigation has revealed documents detailing an expensive being effort by the. us. meetings between prince and former prime minister. former u.s. president barack obama has paid tribute to nelson mandela's vision for democracy and social inclusion during a special event one hundred years since the. birth. of the universal appeal of mandela's message and urged people around the world to respect human rights it's his most high profile speech since leaving office. through a sacrifice and unwavering leadership and perhaps most of all through his moral example mandela. and the movement he led would come to signify something larger. he came to embody the universal aspirations of this possessed people all around the world the hopes for a better life the p

with him and talked to him, what should the people of the united states, the people of mexico and latin america in fact know about him and what he plans to do? >> one of the things to know about him is he ran as the consummate outsider.& although he's a career politician as you noted. he was mayor of mexico city. the other thing is that the top issues on mexicans minds in this election were corruption and the violence which was taken so many lives and is on track again to be a record year over 30,000 killed in probably drug-related violence, and that he promised a lot of thuings to a lot of people. he said things that are sort of all over the map on the economy and other relationships so we are not sure which way he'll govern. >> some people concerned say he may end up being like hugo chavez, a very populist, military leader of venezuela. others say he's sort of mexico's answer to trump. but then others say he's anti-trump. i mean who is he? >> mexicans know him pretty well from the twelve years he's been running for president. but they're not necessarily sure of his positions. the first thing

venezuela used to be the wealthiest country in latin america.itizens have literally starving. there's hyperinflation. the health care system is in a state of collapse. it's not going to get better with the current regime in place. that's the dilemma. in terms of the positive, what can the united states and others do, well, there's a huge humanitarian crisis that has developed thanks to the regime in venezuela, it must be said. the regime will not allow humanitarian assistance to come into venezuela. that's a shame, and it needs to be reversed. many people have called for that. in the meantime, many venezuelans are actually leaving venezuela. they're going into colombia, into brazil, into the caribbean islands, which just don't have the capacity to absorb them. so humanitarian assistance, health care, and continually bringing this to the attention of the international community is important. >> but perhaps not invasion. >> well, that's a different approach. that's for sure. but one additional thing that could be done is taking recommendations fro