your take on this maneuver by macri. >> i think the timing was surprising.veryone knew things were bad in argentina. they are burning through reserves very quickly. that they were having increased difficulty in rolling over short-term debt. but i don't think anyone thought was going to happen quite so soon. maybe what tipped the scales was the extraordinary low level of their ability to roll over this short-term debt. they probably thought, well, with the election, the real election coming up, macri thought, i better act sooner rather than later. he, i think, is widely considered a lame-duck president. it is perhaps a final throw of the dice. >> the reserve bank of india approved a record payout of more than $24 billion of the federal government, boosting the coffers as the economy slows. it comes on top of new measures from the finance ministry to bolster the economy. finally, it seems, the government is going to ease fiscal policy. >> well, that is the expectation, but one never knows. we have this government which has been running a pretty tight fiscal sh

endorsesister macri capital controls. coming up next.s is bloomberg surveillance. the high-profile visit to china off. like it has paid promoted his brown --ging -- his stopping work on one of the biggest airports, construction and has been sold -- has been halted. finances have been frozen or the economy grew last year at the slowest pace since 2010. american airlines has joined other carriers in removing the grounded boeing 737 max 8 for another month. american has canceled another 140 daily flights per dow jones reports regulators may keep the max grounded until december. there are complaints that boeing has not answered questions. that is the bloomberg business flash. francine: thank you so much, sebastian. --entina plus crisis is argentina's crisis is increasing. the central bank will set a deadline for exporters to repatriate foreign currencies from the government, and that institutions will need authorization to sell pesos in the four next change market. closelypledges to work with argentina. joining us is the international govern

is macri going to be re-elected? or if the kitchener duo, if they win, what's going to happen in uruguay. let's not ring the bells to say we're seeing a shift towards the center right. we're going to have a region with a greater degree of political heterogeneity. the jury is out on this. we'll have to wait for these three elections that are way too important to get a more accurate understanding of what's happening. >> thank you for your discipline on the time. let's come back to argentina. i think there will be a lot of interest in that and whether macri's seeming or likely defeat is a special case or a new trend. daniella, yesterday michele bash lay, the u.n. high commissioner for human rights said there has been a shrinking of civil and democratic space in brazil in the eight months of the government of bolsonaro. the former president of the central bank said in an interview a couple days ago that he thought there had already been a reverse for democracy in brazil. is that right? tell us how you see it and how worr

peso has lost more than a quarter of its value since elections last month, which showed president macri'sernment may be ousted. the economy is battling recession, rising unemployment and runaway inflation. european flights were disrupted on sunday due to a computer failure at french air traffic control. british airways said flights heading to, or passing over, france and spain had been affected, while easyjet said it had to cancel 180 flights. passengers are being advised to check the status of their flight before leaving for the airport. uk's labour government would handover about $365 billion of shares in 7,000 large companies to workers in one of the biggest state raids on the private sector in a western democracy. the analysis, by the financial times and law firm clifford chance, also says landlords would face higher taxes. it's not only chinese goods on the radar for president trump. european cheese could get more expensive for americans, thanks to a row with the eu over state aid. the world trade organisation will soon make a final decision on damages caused by illegal aircraft aid

the macri government, when i was down there, it looks like the transition could actually be smooth. wasinitially, in denial about the results of the election, and there was somewhat of a switch. i was there the first week after the primary. since then, it looks like he's trying to contest the election, which created a lot of turmoil because there's not going to be true this until december. i think what the market is looking for is a smooth transition passing the rains. in terms of the christine the fernandez risk, most people believe fernando albert has will be at the top of the ticket. while the market was initially very concerned about cristina kirchner coming back income of the signal we have gotten from -- fromomic teen around the economic team around them is we don't want to waste the first two years of our administration in gauging and restructure with you guys. the damage in the last week came on behalf of the administration. alix: 100%. exactly what the market was afraid of. if you are looking at argentina and how to buy, what kind of duration? or if it is provincial debt th

president macri is trying to stem the growing economic crisis. it is eight weeks ahead of the presidential elections. saudi arabia is splitting its vast energy energy -- industry and mining portfolio into two ministries. the move comes as oil trades below the breakeven level and reflects a sense of urgency in balancing the markets. said he plans to present a new government by wednesday. he will put the slate of ministers to the president as he seeks to hold together a new coalition. italy's markets were unsettled friday when the five-star leader elections ifrly his demands weren't met. ,lobal news, 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. nejra: protesters caused major travel to and from the airport. fromen engle joins us now the hong kong airport express station. good to have you with us. talk to us about how hong kong is faring after 30 straight protests.f a top official not ruling out an emergency law. . . . >> the top priority is stopping the violence. this is a vicious c

when president mauricio macri was thrashed by populace leadingng opponent alberto fernandez. now the front runner ahead of the october general elections. in response might be imposed currency controls earlier this week sending many to the banks to withdraw catch. in a speech to business leaders on wednesday the argentine president admitted the govevernment has m made mistaken its responsee to the crisis. global as presidident my goal is to reduce vulnerability and to be able to bring calm. all argegentines. in these years we've sururely made mistakes. ad mamade forecasts that did not become reaeality. and we will hahave time to debatete durinine campaign about those mistakes and the things we've learned. still experts warn the economic situation only risks getting worse economists have lowered the twenty twenty growth forecast suggeststing a deeper recession than originally expected. thursday is judgment day f for france's mostt notoris oster early morning crowing from four year old maurice has pitted his neighbors a against his owners and the lawsuit has become emblematic of

peso has lost more than a quarter of its value since elections last month, which showed president macri'sbe ousted. the economy is battling recession, rising unemployment and runaway inflation. european flights were disrupted on sunday due to a computer failure at french air traffic control. british airways said flights heading to, or passing over, france and spain had been affected, while easyjet said it had to cancel 180 flights. passengers are being advised to check the status of their flight before leaving for the airport. in the uk, if the the opposition labour party were in government, it would hand over about $365 billion of shares in 7,000 large companies to workers in one of the biggest state raids on the private sector in a western democracy. that's according to the financial times and law firm clifford chance. it also says landlords would face higher taxes. america's 15% tariffs hit some $112 billion of chinese goods on sunday, including clothes, footwear and smartwatches, a move that is likely to be felt by us consumers. china retaliated with fresh duties on us oil. despite th

president macri is trying to stem the crisis weeks ahead of presidential elections.ay keep the boeing 737 max grounded into december according to dow jones. boeingls have complained failed to answer questions. toy report boeing will have resubmit documents on the proposed software changes. global news, 24 hours a day on air and @tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. it's getting harder to ignore the esg in the investment world, according to a report by the global sustainable investment alliance. almost 31 trillion dollars is now held up in esg funds, up 34% from 2016 after the vast majority of evidence is showing investment companies that manage their environmental social and government issue does not negatively impact returns. the question is, can these stocks -- the first question is, can these stocks actually outperform non-esg stocks? >> we have found certainly you don't lose performance in an esg portfolio and in many cases you can do better because single equities can be de-risk. sinc

candidate even with all the efforts and even with all the online tools, they won't make it and even if macri hired 20 of these mega mercenaries if the economy is not on his side if you don't have the undecided that he can trap, he won't make it because it's the economy, stupid and this weakens those efforts. >> andrea, back to you. your answer was, yes, there is an impact because look who is in our government, for example, with the -- there is awe great discussion whether this information campaign mattered or not given the small difference between the yes and the no, and i wonder how a country like ecuador, correa used the national networks to discredit whoever could issue evidence based on evidence and whoever was left in the end to present an opposing view was the social media. i think there was a ministry of truth or the supremacy of truth that was established. so the social networks played an important role in that control of information that the government was trying to play with and control. yes, i think this continues to be so. there is a war between the government of lenny moreno and

it was at a series of meetings he had with counterparts from across the region that president macri issued presidential decree, which does a lot more than just call hezbollah a terrorist group. it allows them to block financial support to hezbollah operatives. specifically the bombing individual -- i'm not even going to call them suspects, because they are clearly involved, they have been working with us on additional targets. paraguay, were you ably read our diplomatic representation in the past, has now followed suit. we are working with them to round out the financial dimensions to the presidential decree that they have issued. likewise, we are in active discussions across the hemisphere with brazil, because they play a key role in clamping down on the use of the tri-border area for hezbollah financing. in recent days, this does not get a lot of attention, but there has been an excellent degree of cooperation between the three nations in disrupting a hezbollah business operation in the tri-border area and getting some of those individuals not just arrested, but extradited to the united

all it was was the primary run, where what they thought would be the frontrunner macri came in numberk market literally cratered. people cannot afford to pay for food over the last two weeks. stuart: by the spring of next year we will be in the middle of primaries. by the summer we will have the conventions. you are telling me if there's the slightest hint that the left wins the presidency in 2020, i should sell? that what you're saying? >> i would say yes. the most extreme leftist. again, i'm a political independent, i'm neither republican, i'm neither democrat, but if we hear too much negative business rhetoric coming from the politics to be able to win their primaries or win the final campaign, yes, i think that puts the business environment in general in the united states and so goes america, so goes the world. stuart: i think you're right. i do. i do. come back in a year's time and see what i'm saying. because i will still be here, god willing. joe, a pleasure to have you back. thank you very much. >> welcome. stuart: check that market again. pretty stable throughout the session.

macri opposed policy controls when he took office in 2015.toc and twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am naomi koeppel. this is bloomberg. guy: thank you, naomi. let's get back to the battle for brexit. headlines over the last hour, the situation is basically this -- u.k. lawmakers are opposed to toard brexit and are poised force boris johnson to seek a three-month brexit delay, assuming they have the numbers in the house of commons with parliament returning tomorrow. the pound is hitting session lows on this news. this as bloomberg has learned the u.k. prime minister will treat that vote against this no deal brexit and ideas to force an extension as a vote of no-confidence. if he loses, there will be a dissolution and a general election. johnson's official spokesman said this morning that the prime minister does not want an election. let's get a view on that. we are joined by bloomberg opinion's luis rafael. good afternoon prayed you have been talking about the election quite some time. i