translation: macri's message wasn't strong enough.kets would have been waiting for a much bigger signal and simply advancing the imf funds that were already involved in calculating everything doesn't change the situation. there were protests when mr macri asked the imf for help back in may, many argentinians hate the organisation, blaming it for the 2001 economic collapse. for a president who came to power promising to revive the economy, this is a difficult position to be in. yet, in a country that has seen economic crises almost every decade in recent times, the fear is that things are about to get much worse. lebo diseko, bbc news. for more on that, we're joined by cornelia meyer, ceo of mrl corporation, a business consultancy. so nice to see you, it is good to have you with us on the briefing. so, if we start with argentina, the imf is known as the lender of last resort, and as lebo has outlined in that report, argentina have asked for urgent help from the imf and it is not something they have done without much thought. no, and th

the latest sell—off came as argentina's president macri asked the international monetary fund to speedt of a $50 billion bailout loan, agreed earlier this year. for decades argentina has been trapped in a cycle of financial crises and debt defaults, most recently in 2002. foreign investors had been hopeful the current government would deliver economic reform. but that confidence is evaporating, as our south america business correspondent danie gallas explains. argentina has the highest interest rates in the world, a government committed to reforms in the market and a multi—billion—dollar deal with the imf so why our investors taking money out of the country? they believe they are issuing too much debt and that could trigger a debt default in the future. the government has promised to tackle the problem through spending cuts but commerce and workers are resisting change, saying society is ready overstretched with the cuts. on wednesday, it was a clear show of how markets distrust argentina. president macri was on tv asking for an early release on imf funds, the peso was having its worst

so, i think people are wonder, can macri, can he bring it under control?on running at 30%, economy headed for a second recession in three years. yes, they got a $50 billion package in june. that is the biggest and imf history. inrequested to speed up payments hoping to reassure investors they would not run out of money, but instead, it seems to have unnerved investors even further. as a matter fact, the last currency default in 2001. the good news is they were -- they don't have a lot of debt they owe. defaulty have had 8 since they declared independence from spain. clearly, this is something that the imf has to get attention i know and argentina going to washington part we will see it happens. more news on friday. haidi: in fact, we are getting more news now from the finance minister, really talking up saying that argentina is competitive when it has a stronger peso. the current fx rate is exaggerating economic fundamentals of the country. saying reducing volatility is going to be -- the peso's ceiling will depend on how well things carry on. inultimately

translation: macri's message wasn't strong enough.be the markets would have been waiting for a much bigger signal and simply advancing the imf funds that were already involved in calculating everything doesn't change the situation. there were protests when mr macri asked the imf for help back in may, many argentinians hate the organisation, blaming it for the 2001 economic collapse. for a president who came to power promising to revive the economy, this is a difficult position to be in. yet, in a country that has seen economic crises almost every decade in recent times, the fear is that things are about to get much worse. lebo diseko, bbc news. you can find much argentina's growing economic crisis, including analysis from our business reporters and correspondents, including analysis from our business on our website — bbc.com/news. you can also download the news app. let's get some of the day's other news: the most senior white house lawyer, don mcgahn, is to step down. president trump made the announcement in a tweet, apparently surpr

howeeer, his mood wassnot enough to convince some nalysts saying argentina. >> macri's message was not maybe the markets would be waiting for a bigger signal.% simply advancing the imf funds thaa that change of situation. >> the president positive vision is also being criticized by the a 48 hour ssrike ii announced for september. it brought back baddmemories of1 imf involvemenn from the past. many rgentinians lamed orraaization for thh country >> ccnadian and american ooficials are continuing negotiations over a new traded deal. this thursday, they try to hammer out a new traded deal to replace nafta ahead of a% friday deaaline set by resident ttump. that is after washington concludee an agreemmnt with mexico earlier this week. officials from u.s. and canada were working llte into the speaking on wednesday, councils administrators saying toboth partiee are comingent. the stage of negotiatton with a lot of goodwill. certainly, ttattis what canada is bringing to the able. positions aad what booh sides need very, very well. ist we hhve always said speaking for canada, we are looking to st

macri has not said how much he fund.quested from the and weeding out high denomination notes does noteem inhave worked with the rupee circulation. says.b.i. annual report handed in,en suggesting there was hardly any cash wealth not accounted for. ipo.eading for an not james bond but his carmaker. aston martin had a multiyear and they are looking for a value of about $6.5 billion at a final decision on the offer next month. , they have been making cars and going into the wider luxury market. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2,700 journalists and analysts in more than 120 countries. this is bloomberg. haidi? haidi: president trump says the post nafta trade deal is on, washington sticking to a strict friday deadline for the trade agreement with canada, and the president says he is optimistic. president trump: canada really wants to make the deal, and i think it will be good for them if they do. haidi: let's bring in our reporter who covers this. this possible this can be done by friday? have seen positive news from both sides, with prime min

analysts are saying that is what macri is not doing, giving a clear—cut message of what he has gottend his government may be kicked out? that is something that you always have to have into account in this country. a year from now, it will be the first government like this to finish its period. all of the government from the past century and this country that were not part of the main party were not able to finish. that is always into account. it is a scenario that i would not recommend to analyse that much. it's something they are trying to do is trying to default. thank you very much. let's turn back to the us. president trump has set a deadline of friday to reach new terms for the north american free trade agreement. canada rejoined the talks after mexico and the us announced a bilateral deal earlier in the week. are they burning the midnight oil? they are. we have seen both from canadian officials and american officials that they may progress since they arrived in washington wednesday to try and figure out where canada fits into a new north american free trade agreement, or this re

argentina's president macri has asked the international monetary fund to speed up the payment of a $50e'll have more on this later in the programme. the japanese electronics firm panasonic plans to move its european headquarters from the uk to the netherlands by october. in an interview with japan's nikkei newspaper, panasonic's european boss said one of the reasons were barriers the company might face in a post brexit uk. canadian and us negotiators have been working through the night in washington as they try to renegotiate the north america free trade deal. president trump has set a deadline of friday to reach a new agreement. canada rejoined the talks after mexico and the us announced a bilateral deal on monday. air canada's mobile app has suffered a data breach resulting in the suspected loss of thousands of its customers' personal details. the airline has warned that users who had entered their passport details may have had them stolen. experts warn that the theft of such information would pose a serious id fraud risk. next, news of a major deal in australia's telecoms industry.

president mauricio macri said the move was designed to restore confidence in the argentine economy. in the guardian business pages, iconic uk luxury car maker and favourite of 007 spy james bond, aston martin, have brushed off concerns over brexit, announcing plans to press ahead with a flotation on the london stock exchange that could value the luxury car manufacturer at around $6.5 billion. and in the independent sports pages, tennis officials at the us open have been accused of sexist double standards after french female player alize cornet was warned for "unsportsmanlike behaviour" for adjusting her top during at match at the tournament. and finally on the bbc news website, commuters are so regularly using travel time for work e—mails that theirjourneys should be counted as part of the working day according to researchers. wider access to wi—fi and the spread of mobile phones means many people are working longer. we have asked for your opinions on this. you are not held back. we'll get to those in a moment. first here is cornelia to talk through the other stories. we started the

uno de ellos, es un primo de actual presidente mauricio macri. >>> en principio se estimaba que los supuestosa, un cargo que dificulta una condena que la lleve a prisiÓn, en buenos aires, noticias telemundo. estÁ comenzando la Época de regreso a clases ya expertos advierten sobre la importancia de recordar a los hijos lo peligroso de las adicciÓn, dicen que los jÓvenes se ponen vulnerables a caer en las drogas. un nuevo aÑo escolar es emocionante y tambiÉn puede ser estresante para estudiantes y ahÍ es donde muchos caen por primera vez en las drogas. >>> casi siempre lo que van a saber, no saben quien serÁ su profesor o cÓmo le va a ir. >>> temido bullying es otro factor. >>> muchas veces porque quieren encajar en un grupo. >>> en una encuesta reciente, mÁs de 12% admitiÓ fumar marihuana alguna vez. >>> las estadÍstica muestran que estudiantes prueban drogas a una menor edad. ademÁs, entre los estudiantes, fumar marihuana es mÁs comÚn que fumar cigarrillo. >>> (hablan en inglÉs). los consejeros de la escuela o un sicÓlogo pueden ayudar, algo clave que si ve a su hijo sdro gano drogÁndose, no

. >> en argentina el presidente de argentina, mauricio macri asegura que el debate sobre el aborto seguirÁn la policÍa, en el pais del papa francisco la interrupciÓn del embarazo solo es permitida en caso de violaciÓn o de riesgo de vida para la madre. se vienen cambios grandes para uber y otras empresas similares como... en nueva york, es la primera ciudad del paÍs que frena la expansiÓn de estos servicios de transporte, rebeca averiguÓ como afecta a los choferes y clientes. >> vÍctor agradece la existencia de uber, le dice le dio la oportunidad de pasar mÁs tiempo con su familia. >> yo tengo mis horarios. >> vÍctor forma parte de los casi 80 mil conductores de uber y otros servicios similares no nueva york, a partir de ahora no se podrÁn inscribir nuevos choferes y todos los servicios posiblemente tendrÁn que establecer un salario mÍnimo son normas con las que Él concuerda. >> en parte estÁ bien con los lÍmites porque hay demasiado carro. >> Él quien es taxista, dice ya era hora que se regularicen este tipo de compaÑÍas. >> ya no necesita si hay muchos. >> segÚn el sindicato de taxistas

i think the technicals where there was some euphoria over macri coming in.ow strong the reaction would be when the news got not so good. for those of us who have been in these markets for a long time, i was cochairman back in 2001 to 2005, this is somewhat of a blip. in terms of the fundamental news, the fundamentals are stronger. with the macri administration, it is not a surprise that the imf made the announcement as i was on my way over here. it is important to washington and international institutions that argentina stays stable. -- they will be constructed and try to work with the macri government is not a surprise. it is just a matter of timing. what are they going to ask in terms of macroeconomic policies in exchange for the money to backstop the markets? shery: you have been working with so many emerging markets. the g tv chart shows the different approaches that have been taking. argentina raising the benchmark rate to 60%, taking very orthodox measures, owing to the imf for help, trying to tame inflation. and as a result seems to be the same w

country's currency, the peso, suffered its biggest one-day loss in three years overnight after president macrippeared on television and appeal to the i'm after release emergency funds. the peso has already been having a bad time this year with creeping inflation and budget deficits dragging it down 40% since january. everything is getting pricier. food, electricity, buses, schools. this year, inflalation and argentina is expected to reach about 30%. at the same time, the peso continues to fall. since the beginning of the year, the argentinian curtsy has lost 45% of its value against the dollar. the country's central bank has spent weeks desperately selling off its currency reserves in an attempt to stabilize the peso, but to no avail. it has the president's appeal to the international monetary fund to speed upp this inin personsnm the countntry's $50 billion cret line. foreign investors anand the pubc have lost faith. the market doesn't trust the gogovernment, andd especially te economomic teaeam. if they don't step aside very soon, , things will l get much woworse. it's not a case of poorr at

resident macri said now is the time to discuss this. —— president.n, but open to the idea of debate. in the last two months, the scenario has changed dramatically here in argentina. campaigners never thought they would see this moment. i think as we do people behind me, people who are pro— legalisation, people who are pro— legalisation, people who are against it, and the feeling is that the quick pace of change, people are not expecting anything like this that we are seeing today. so there are tens of thousands of people outside, waiting for the senators to start voting, and to see whether or not they will be legalising abortion. so whatever happens, really, today, this will come back? that seems to be the case, yes. you speak to people here and this is a bitter feeling that it might not pass today but they will bring a new bill, they can bring that next march and they can start debating again. in the last three yea rs, debating again. in the last three years, the women's rights issue has pushed this up the agenda. they said the moment has come to le

in a televised address, president mauricio macri said quicker access to the imf funds would restore marketd of the international monetary fund says the organisation will work quickly with argentina to revise the government's plan to lift the country out of economic crisis. the body ofjohn mccain, the former us senator and republican presidential candidate, is lying in state in the arizona state capitol. people were able to view his casket throughout the day. it's the start of five days of memorial tributes in phoenix and washington for mr mccain, who died on saturday. prince harry and megan attended hamilton in support of the charity in london. it supports the mental health and well—being of children and young people affected by hiv in botswa na. and young people affected by hiv in botswana. they met representatives from the charity as well as the author of hamilton. and finally look at these incredible pictures capturing the moment a fireball, believed to be a meteor, lit up the sky near perth, in western australia on tuesday. this amazing footage of the spectacle was caught by several da

in a televised address, president macri said quicker access to the funds would eliminate uncertaintyand restore market confidence. thinbody of senator john mc has arrived at the arizona state capitol, where he will lie in state. thousands of people are expected to pay their respects. five days of memorl tributes in phoenix and washington have been organized for senator mccain, who died saturday at the age of 81. reign minister has met with trump administration officials to discuss the north americ after the u.s. and mexico agreed on a new trade deal president trumpth gave an ultimatum t canadian government, saying that too should get on board by friday, or else. retirement age is an issue which sparks debate in most countries arou president putin was trying to soften the blow of draft too shy friday, legislation which stirred controversy and protest. he said heas cutting the proposed age for women from 62 to 60, but for men, it is still a jump from 60 to 65, which happens to be average life expectancy in russia. steve rosenberg has this report. steve: vladimir pun really -- rarely do

presented seven bills to congress and not one of them has moved, apart from this year when president macrihe time to discuss this." he himself is not in favour of legalising abortion, but he was very open to the idea that congress would debate it. in the last few months, the scenario's changed quite dramatically here in argentina. campaigners never thought they would see this moment. i've been down speaking to people right behind me, there are people who are pro—legalisation, people who are anti, and the feeling is, you know, there's been such a quick pace of change, people here weren't expecting anything like this that we're seeing today. so there are tens of thousands of people outside waiting for the senators to start voting and see whether or not they will be legalising abortion. so whatever happens really today, this is going to come back? that seems to be the case, yes. i mean, you speak to people here, the feeling is that it might not pass today but they'll bring a new bill, and they can bring that next year, so march, 2019 they'd be able to start debating it again. the fact is, in

if i understand, mr macri, his banker was supposed to sort this out.untry are bigger and harder to surface. just what you expect the imf to do this time? last time i know, an internal audit in 2004, the imf acknowledged it made some pretty bad mistakes in 2001. i think in this case what the imf and argentina are trying to do is to reduce slowly fiscal deficit, so argentina need to borrow less from abroad, and make sure the central bank has a right framework to operate in a way that allows it to operate in a way that allows it to reduce inflation. and i think that the high policy level, there is a lot of agreement between the market administration and the imf on what needs to be done. but the market, of course, is cautious in ensuring that argentina can do everything that it wants to do, especially with elections ahead next year. briefly, are there warning signs that two big emerging markets, argentina and turkey, are struggling? yes, so they are both in a difficult situation. they are two emerging markets where in balances are the largest, whereas been

the president of argentina, mauricio macri, has been asking for an advance for the $50 billion credit the international monetary fund. caroline: we will be speaking to goldman sachs, an analyst, who thinks that this move is the right one for macri, that it should calm investor nerves. but it has fallen 45% year to date. lisa: it was going to catch about falling knife? now first word news. mark: the canadian prime minister justin trudeau says his government is trying to reach an agreement this week with the united states to update nafta, the north american free trade agreement, but it will not sacrifice tis goal of getting --its goal of getting "the right field." justin trudeau made remarks a short time ago. earlier today, chrystia freeland also expressed optimism, but said that they were -- was still "a huge amount of work to do." ofwo week period unrestrained funding aimed at containing the stress from the currency crisis -- again, borrowing limits in place for interbank money market as investors want to turkey to raise interest rates. and german foreign minister -- said today that g

the argentinian paso slumped after president macri appealed to the imf for faster cash.illion payoff in june as part of a $50 billion credit line. they are expecting a next her $3 billion next month -- $3 billion . . the world's most famous heading for an ipo. preparing to offer shares in london after a multi-year turnaround. the company is said to target a valuation of about $.5 billion and a final decision on an offer will be made next month. rival ferrari has been moved beyond making cars and into the wider luxury market. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm paul allen. this is bloomberg. david: thank you. let's talk airlines now. lots of big names coming out with earnings and results here. we heard from china southern. not very good numbers, suffice to say. you are looking at things like the weaker currency, higher oil prices really lending themselves to what appears to be a fairly bleak forecast. next, we had air asia and air china as well. i want to bring in o

argentina's president macri's popularity has declined in the last year.is up for re-election in 2019 as is president modi of india. >> macri had run on this platform of a strong economy for him, especially, it's troublesome with just a year to go. >> overpromised and underdelivered he really campaigned eon this promise of turning around the economy. unfortunately debt continues to run up so that puts them in the same position they were in 2001. >> seema, thank you. >>> joining us now, head of strategy at wynn brothers. great to have you with us. is there a contagion transmission mechanism to the united states? >> i think that's what the good news is. at this point, there is not. the reason i say that, look at the five worst performers this year argentin argentina, turkey, brazil, russia, they have a huge amount of baggage as seema pointed out, political risks. malaysia, thai, thailand bear market is focused on the countries that have the worst fundamentals any kind of warts out there will be found if you have your house in order, things are going okay, yo

investigation is a political ploy by the right-wing administration of the current argentine president mauricio macri and has compared her situation to the prosecution and jailing of brazil's former president luiz inacio lula da silva in brazil. act in the united states in jacksonville, florida, authorities say a man opened fire at a restaurant hosting a madden 19 video game tournament sunday, killing three people, including himself, and wounded 11 more. a warning, this video is disturbing. >> it is going to be hard -- [gunfire] >> what is he shooting with? >> oh! streamedis video was live. authorities say the shooter was a 24-year-old man named david katz from baltimore. sunday's shooting occurred only two days after another shooting in jacksonville, florida, at a high school football game. one person was killed and two more were wounded in that shooting. across the united states, a prison strike continues nationwide as prisoners demanded better food, fair pay for work, and an end to what they are calling "modern day slavery." on saturday, protesters gathered outside lee correctional institution in

president macri surprises the markets and his people with the needs moneygentina from a credit line as soon as possible. it is not just argentina. the turkish lira and the indian rupee both slide sharply against the dollar. matt: less than half an hour away from the european open. let's look at futures. we had, we saw some gains in into laterisappeared sessions. we see now european futures are pointed down. down 1/1050 futures of 1%. a look at the u.s. 10 year, we had a big jump in yields on tuesday, not much, a grind noter yesterday and today, much movement. you can see 10 year yields unchanged, 2.88% from today's trade create what do you see in the gmm? are the chinese markets down. stop -- stock moved fizzling out during the asian session. let me talk about what is happening here. the marketsay as were surprised, as the country was surprised by the televised address talking about needing money from the imf to stabilize the situation but it is not just the argentinian peso. the rupiah trading down, the indian rupee, go to the gp on your bloomberg and take a look u.s. inr. for the ind

the argentinian peso slumped after macri appealed to the imf or faster cash.is expecting another 53 billion . -- 53 billion next month. thatovernment estimated the 200 $20 billion of rupees in circulation, about 70 billion was hidden illegally to avoid tax. 49% of the notes have been handed in, suggesting there was hardly any caswell unaccounted for. the world's most famous spies headed for an ipo. not james bond, but as carmaker. said to target a valuation of $6.5 billion. the final decision on an offer will be made next not. has moved beyond simply making cars and into the water luxury market. -- to the wider luxury market. global news 24 hours a day, on air and on tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i'm jenna dagenhart. this is bloomberg. ♪ yvonne: president trump says that were games with south korea and japan could be bigger than ever if nuclear talks with north korea stall. he says john -- china has been hindering negotiations. we are in somewhat -- i don't like to call it a trade war. our country

argentina's president macri has asked the international monetary fund to speed up the payment of a $50anasonic europe's chief executive laurent abadie has said the decision was driven by a fear that japan could start considering the uk a tax haven if it cuts corporate tax rates to attract business. if it ended up paying less tax in the uk, that could render it liable for a bigger tax bill in japan. facebook‘s watch video—streaming service is rolling out worldwide, just over a year after its us launch. users will be able to choose from a range of shows — from both established brands and new players — and have the ability to view clips saved from their news feeds. the firm plans to allow all content creators to feature advertising breaks, so long as they hit certain metrics. the deal to merge npower and sse‘s retail operations has been given the provisional green light after the energy watchdog said there is plenty of choice in the uk market. the competition and markets authority dismissed fears that it would have an impact on the most expensive deals as its inquiry found the providers —

creo que totalmente saliÓ del tema de lo que diga que es la situaciÓn independientemente de lo que macrintxa: acaban de hacer un estudio que hizo el gobernador rosellÓ sobre las muertes. pasamos de 64 muertes a casi 3000. yo no sÉ quién podrÍa catalogar eso como una labor fantÁstica. karla: seÑores, por otra parte amanecemos desde las alturas con una de las nuestras acompaÑaremos la vida en vivo de la primera latina en convertirse en capitana y piloto, un orgullo hispano, un orgullo como mujer para que vean que para la mujer no hay lÍmites, sí se puede. he escuchado muchos hombres decir que si tienen a una capitana como piloto no se suben al aviÓn. carlos: sin cinturÓn de seguridad como sea. karla: fÍjate macro como las mujeres han demostrado reaccionar ante las circunstancias. mÁs adelante pasaremos la vida de esta mujer. arrancamos con las noticias. arantxa: el presidente trump dice tener esperanzas de que no va a haber violencia si los demÓcratas obtiene la mayorÍa en el congreso tras las elecciones de medio tÉrmino. el mandatario habÍa advertido lo contrario. la aclaraciÓn llega por