the country's stock market plunged this past week after a report that president michel temer had beencaught on tape approving illegal pay-offs, a potentially impeachable offense. brazil's last president, dilma rousseff, was impeached. the country is suffering through one of its worst recessions in history, and a crisis of leadership caused in large part by a massive corruption investigation. it's known as operation car wash. it's one of the largest bribery cases ever investigated, and it's being led by a small group of idealistic young brazilian prosecutors and a crusading judge. in curitiba, a city far from the ruling elites of brasilia and sao paulo, a small band of prosecutors is working long hours in cramped quarters on the biggest investigation brazil has ever seen: operation car wash. how does car wash compare to watergate? >> deltan dallagnol: car wash is much, much bigger. >> cooper: deltan dallagnol is the lead prosecutor. bigger than watergate? >> dallagnol: much bigger. we already have charged-- more than 200 people for hundreds of crimes. the amount of bribes paid go up to

president michel temer was emphatic in the presidential palace are saying that he would not quit.lding pressure for him to resign after a scandal broke here in the capital. investigators have allegedly obtained audio of a conversation where he is heard encouraging bribes to be paid to a key witness to keep him silent on corruption. this is obstruction of justice so it is a serious allegation and, already, there have been several impeachment requests filed in congress against him. two ministers have said they will resign and a supreme courtjustice has authorised an investigation to be opened against him. so president michel temer said he has nothing to fear and investigations will bring out the truth. but there are several protests planned over the coming daysin protests planned over the coming days in brazil and his political future seems quite unstable for now. a driver ploughed into pedestrians in times square today killing one woman and injuring nearly two dozen others. the driver has been arrested but authorities say there is no sign of terrorism — instead he is being tested f

but president michel temer maintains his innocence and says he would step down.er and that would be very bad for brazil. everyone here is waiting to see what happens onjune the 6th friend is apos—macro actual code meets to decide whether it annuls 2014 presidential election. at that point michel temer could be pushed out that under the brazilian constitution congress would have to choose a successor until mixture's elections. not everyone is happy. we wa nt to elections. not everyone is happy. we want to give back to the people the right to choose their next president directly. the next few weeks are really important to brazil. beth, when, and how the president will lead. it is a waiting game that everybody wants to get over to get on with rebuilding the political faith of the country. the chief executive of british airways has said an electrical surge that not that its computers at the weekend that the back—up system also collapsed, disrupting thousands of flights worldwide. the chief executive has apologised but is refusing to resign. our reporter has this. it

the brazilian president, michel temer, has said he won't resign over allegations that he was involvedwarned that his efforts to pull the economy out of recession were at risk. a driver has ploughed into pedestrians in times square, killing one woman and injuring nearly two dozen others. the driver has been arrested, but the authorities say there is no indication that the incident was an act of terrorism. they're testing the suspect for drugs and alcohol. a former television producer has been convicted of trying to hire three men to kill his partner.

talking to the powerful ceo of michel temer talking to the powerful cco ofjbs, michel temer talkingmer appears to be endorsing the payment of bribes to o bstru ct be endorsing the payment of bribes to obstruct corruption investigations, so that really triggered this big scandal. he said the audio has been manipulative, that it has to be verified, which is being done at the moment. lots of media outlets here have called in specialists to have a listen. there is doubt about weather its integrity can be proved or not. but mr temer is trying to hold onto that to prove his innocence, and it isjust a tale in the middle of all the allegations that have come out from this testimony. briefly, if you could, there have been strong calls for mr temer to step down, but he is defiant, isn't he? knee has been defined, and today he has used this opportunity to defend himself. however, his image is very fragile, and the situation is very difficult for him. there are several impeachment requests placed against him in congress, and parties of the ruling coalition are threatened to abandon ship, and we

president michel temer has said he will not resign. he said it categorically. he saidi resign. it categorically. he said i know what i did, i have nothing to hide and i will not resign. it wasn't that well received in congress. many congressmen, not only from the opposition but also from the base of the government have started calling for his resignation and saying he has no support in congress any more. that is important for president michel temer, because he was trying to put forward a pension reform that have been quite controversial in brazil and reform as well of the working laws in the country. without support in congress, that could mean he will not be able to approve any of the reforms he is trying to. thank you very much indeed. and the brazilian stock market went down 10% earlier because of pressure created by this crisis. donald trump is giving a press conference to the colombian leader. they have literally taken over towns and cities of the united states. they will be gone very quickly. i look forward to working with president santos as we target drug trafficking, b

michel temer is accused of taking millions of dollars in bribes, and several parties have left his governmentitish airways says it intends to operate a full schedule of long—haulflights and a high proportion of its short—haul programme from heathrow on monday, after a weekend of disruption caused by a computer failure. now it's time for world business report. france's newly elected president emmanuel macron faces a diplomatic challenge as he meets with russia's vladimir putin. but the countries do have deep economic ties. it used to call itself "the world's favourite airline", but with flight disruptions entering a third day, few of ba's passengers are likely to agree. welcome to world business report. i'm jamie robertson. in a minute we'll have special report from sri lanka on why the country is selling chunks of its infrastructure back to the country that built them, china. but first, today the new french president emmanuel macron will meet with his russian counterpart, vladimir putin. the kremlin was hoping that the meeting would take place under rather different circumstances — in the rec

i met michel temer. he was in power. i met michel temer.not a great guy that you thought he would get them back on track. and there is the reality. literally after, white, five, seven, eight minutes of trading, it shot down. —— what. i am hosting international services. many people are saying africa is learning from brazil. brazilians will not be surprised. there is a huge anticorruption investigation. yeah. people were saying this guy is amazing, an economic miracle. it is systemic. it is almost unfortunately ingrained. shall we move on? we are running out of time. more business. you can do this. the pound. when it goes up, array, but it is not good for foreign visitors. —— hooray. 90 million visitors. a record influx of people taking advantage. this story, it is about the us economy. may be the donald trump issue is over with such turmoil. but it has gone to $1 30 for the first time since the brexit vote. i am a frequent visitor to the united states. i cannot tell you how i voted, but i have been hit ha rd you how i voted, but i have been

her successor, brazilian president michel temer, is now facing mounting calls to resign or be impeached, following explosive testimony released by the supreme court accusing him of accepting millions of dollars in bribes since 2010. on wednesday, temer authorized the deployment of the army to the capital brasilia as tens of thousands of protesters marched to congress to demand his resignation. facing public outcry temer has since order the troops off the streets. in a moment, we will air our recent interview with dilma rousseff. but first, i want to turn to interview juan gonzalez and i did on wednesday with the pulitzer prize winning journalist glenn greenwald who is based in brazil. i asked him to describe recent events there. >> it is amazing because we have spoken often over the past 18 months of the political crisis. i thought you could never have a more insane and unhinged political situation as was in brazil until november 2016 when i thought the u.s. has surprised it and brazil looks same. againste argument impeachment all along was that in the scope of wrongdoing, whatever you

what more can president michel temer say today -- what are you expecting?s been speculation day long -- denied a couple of hours after the news broke yesterday, accusing him of approving a bride to support the former house speaker who is in jail. he called an emergency meeting in brasilia, gathered most of his ministers, cabinet, put out a statement vehemently denying he said anything improper and any wrongdoing. now, we're waiting for him to speak. as you said, it should start in a few minutes, and it has been a guessing game of what his speech is going to be. scarlet: red, and one thing i want to make clear is with about a report of a recorded testimony. has anyone actually heard the recording? no, no one has heard the recording. the audio has not released, and the newspaper did not release a full transcript of it. it released a couple of sentences of what michel temer allegedly said, and what another lawmaker allegedly said, but we have not seen anything. global also released pictures of what apparently were money drops being made by these companies exec

[genting] -- chanting] brazilians took to the streets to send a message to michel temer. >> we demand an election and want to speak for ourselves and choose a president without restrictions. >> despite the popular outcry, michel temer defiantly refused to step down after the supreme court authorized a probe against him. >> i will not resign. i repeat, i will not resign. knoww what i did, and i what i did was right. >> tmemer is accused of having authorized payments to silence a disgraced former house speaker who is currently jailed for taking millions of dollars in bribes. the revelation by a newspaper sparked a political earthquake, and there was a resignation on thursday. the party said it would leave the ruling coalition. the opposition, meanwhile, has filed a total of eight impeachment demands against the president. >> we are turning towards the lower house speaker we will formalize another impeachment request against the president of the republic. >> any impeachment proceedings would need to be approved by congress. backing of athe powerful ruling coalition. there are reports of

now michel temer might be removed. this would be well received, because his support level is only 5%. vonnie: who would replace him? he was the relief from dilma rousseff, now if he is boosted -- ousted, who replaces him? morgan: they are looking at the head of the supreme court, was well regarded in brazil and dean as clean in the context of a country going through a rough scandal. vonnie: so there is opportunity? morgan: to a degree. the equities are up 7% last year , so there is a return in the bonds which yield 10%, even though inflation is at 5% and falling. you get the best inflation-adjusted yields in brazil as about anywhere in the world until you see the economy is in recession. the yields come down meaning more than 10%. less risk than stocks. vonnie: do you buy in local currencies or in dollar? looking at the brazilian rial, down 2.28. we had been at 3.60 at your ago. morgan: for the last week, the currency has sold off from its high. this is a better entry point today. vonnie: so you are buying. morgan: yes

for one reason or another the prosecutor saying the evidence we have against michel temer is insufficient. that would be a positive response from the markets. we could see the pressure on temer increase so much he is forced to resign. under that scenario, by default the presidency would fall to the speaker of the lower house, who is very market friendly. we would have an indirect election via congress. we would expect under this scenario, him to maintain michel temer's economy team that has on spending. that would be an amicable scenario. it will still be messy and we will see volatility on brazilian assets. tom: bring up the chart. you saw this across credit default. this is the 10-year yield in brazil. 11.8%, high yield, lower bond prices. full faith anda credit in brazilian paper this morning? abbas: this would have been a difficult question for a lot of investors. we don't think brazil will have the credit issue. the central bank in brazil has $360 billion in asset reserves. this compares with ou asset denominated debt. even when you add petro bras it is significantly higher. at these

a supreme court investigation has released testimony alleging that michel temer took millions of dollarsng hit hardest in the iraqi city of mosul,

president michel temer facing calls for his resignation amid allegations of corruption.he bovespa closing down by nearly 9% yesterday. the biggest daily decline since the 2008 financial crisis. trading was actually at one point halted. the country's currency also in the eye of the storm. the real posting its biggest decline since january of 1999. what is interesting, if you look at the etf world, the brazilian etf interestingly enough, is heavily traded in the united states. we saw that ticker symbol, ewz, also lost as much as 14% on the day on this concern that that political turbulence is returning to brazil in a big way. now the president really in the spotlight. we'll have to see what happens. the supreme court has opened that formal investigation. we'll see what they find. >> far michel temer refusing to resign. >> at this point, yes. not looking at all to resign. we'll see what the supreme court has to say. >>> president trump heads to saudi arabia today for the start of his first foreign trip as president. the journey will continue with stops in israel and the vat

michel temer only came to office a year ago, following the impeachment of his predecessor, dilma rousselled of taking millions of dollars of bribes. katy watson is in rio. this was reopened as mac way of making a stand stop a carnival atmosphere amid loud demands for democracy. the atmosphere here is very different from what we saw a few days ago in a celia were protests descended into violence. —— brasilia. they say michael temer has to go. people here want new elections, they are angry about recordings showing the president supporting brides to a politician in prison. he is not a president. he is not legitimate. he is like a thief. not only is either not a legitimate president, he is also really am popular. michael temer but maintains his innocence and will not step down. i michael temer think is a lame duck. he will never recover. he can remain in power though and that would be very bad for brazil. everyone here is waiting to see what happens on june six everyone here is waiting to see what happens onjune six when the court needs to see whether it will annul the presidential elections.

comenzÓ una investigaciÓn en contra de michel temer, denunciado por querer comprar el silencio de unes lacrimÓgenos por parte de la guardia nacional venezolana. los manifestantes, trataban de llegar este ministerio del interior, para pedir que cesara la violencia. por primera vez durante el actual gobierno de donna trump, altos funcionarios, reconocieron que el problema de las drogas, nuestro mÉxico. el secretario de estado, tillerson, dijo que hay que implementar un plan. alejandro madrigal, tiene reacciones desde mÉxico. alejandro: el gobierno el presidente donna trump, reconociÓ que el narcotrÁfico y la violencia generada por grupos criminales de mÉxico, es tambiÉn un problema de estados unidos. " estados unidos tambiÉn debe confrontar la realidad de que somos el mercado, nosotros los estadounidenses, tenemos que asumir este problema, es nuestro". no secretar -- los secretarios mexicanos, dijeron que los gobiernos de mÉxico y estados unidos discuten quiÉn estÁ en falta, el Único que gana es el crimen organizado. alejandro: con una nueva visiÓn sobre problemas de drogas que afecta

stocks in the currency slumped when prosecutors said michel temer engaged in passive corruption.powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. haidi: thanks for that. let's get the latest on the markets. it is looking pretty good. we have that positive sentiment from wall street friday night. analysts arer saying that investors are taking the turmoil in washington and brazil more and stride than what we saw at the end of last week. crudeo have that firmer price lifting players in asia. hang seng leading, up .9%, australia also looking good. a rally in oil players, but iron in had its biggest gain three weeks, up 2%. jakarta up by .8%. for jakarta has been up to 6300 after s&p upgraded the country's rating to investment grade, and a record high for the indonesia jakarta composite. some solid moves from emerging-market currencies. weakness, taiwan and south korea doing well. sessions,e last three up .9%. the oil price driving momentum in asia. a three day chart shows crude continuing to rise, close to that $51 a barrel mark after s

brazil's top court has stopped a scheduled ruling on president michel temer. resultegation made in represents a potentially emer,ficant blow for tm whose administration has gone from one crisis to another since he took office a year ago. his predecessor was impeached and removed for alleged corruption. global news 24 hours a day powered by more than 2600 journalists and analysts in over 120 countries. i am mark crumpton. this is bloomberg. ♪ julia: live from bloomberg's world headquarters in new york, i am julia chatterley. scarlet: i'm scarlet fu. joe: i'm joe weisenthal. we have 30 minutes from the close of trading in the u.s. julia: stocks rising for a 30 day compression 201-month high. joe: the question is, what you miss? scarlet: president donald trump meets with israeli prime minister benjamin netanyahu pursuing an agreement after a weekend of billion-dollar deals in riyadh. while president trump travels abroad, here at home, the white house preparing a formal budget request tomorrow. we analyzed spending cuts. and ford chairman bill ford replaces mark f

a supreme court investigation has released testimony alleging that michel temer took millions of dollars, and a number of parties have left his governing coalition. now on bbc news, as part of hardtalk‘s 20—year anniversary, another chance to see stephen sackur‘s 2010 interview with the late venezuelan leader hugo chavez. welcome to the miraflores presidential palace in caracas and a special edition of hardtalk. my guest is one of the most polarising leaders in the world today. president hugo chavez of venezuela is committed to socialism and the anti—imperialist struggle. for decades fidel castro was the keeper of latin america's revolutionary flames. well, now it is chavez. but are venezuela's people beginning to tire of their firebrand president? president hugo chavez, welcome to hardtalk. thank you very much. i want to begin by asking you about the venezuelan economy. you have a serious problem with inflation. you have a currency that has been devalued and your country is still in recession. is it fair to say that socialism right now is not working? you had growth. but now you do not

in brazizil, president michel temer has authorized the dedeployment of the army to thte capital brasilia amid d growing protests demanding the president's ouster. on wednesday, tens of thousandns of protesterers marched to congress to demand temer's resignation. some demonstrators also torched a ministry building. multiple protesters were injured as police attacked them with tear gas, stun grenades and , rubber-coated steel bullets. temer is facing mounting calls to resign or be impeached following explosive testimony released by the supreme court accusing him of accepting millions of dollars in bribes since 2010. we'll have more on brazil later in the broadcast with pulitzer prize winning journalist glenn in rio de who lives janeiro. shocking new details have come toto light about how the u u.s.g enforcement administration tried to cover up its role in the killing of four civilians in honduras in 2012. for years, the dea claimed they were assisting honduran authorities in a raid that killed four drug smugglers near the village of ahuas. this was the story the dea told congress, the just

a supreme court investigation has released testimony alleging that michel temer took millions of dollars in bribes and a number of parties have left his governing coalition. british airways says it intends to operate a full schedule of long—haulflights and a "high proportion" of its short—haul programme from heathrow on monday after a weekend of disruption caused by a computer failure. it says all flights will run from gatwick as normal. now it is time for our news review. we begin with the telegraph and airline passengers with british airways who have experienced a weekend of chaos and disruption. the airline could face compensation claims from thousands of passengers. ba said the global disruption was caused by a major it failure, due to a power supply problem. next we have the philippine star reporting on how government troops are battling to retake the southern city of marawi from rebels linked to the so—called islamic state group. while many residents have fled the city, 2,000 civilians are believed to be trapped. at least 19 civilians have been killed. the ft has a picture of germa

brasileÑos salieron a las calles de varias ciudades del paÍs para pedir la renuncia del presidente michel temera estÁ en la cÁrcel. fÉlix: durante décadas las guerrillas de las farc estuvieron prohibidos convertirse en madres las mujeres, pero desde que comenzÓ el proceso de los diÁlogos de paz con elgobierno colombiano el llanto de los bebÉs se volviÓ cotidiano. por quÉ el nacimiento de tantos niÑos es un nuevo reto para los acuerdos. yesid: este sonido que por aÑos estuvo vetado al interior de las filas de las farc, por una radical norma que prohibÍa las guerrilleras embarazarse obligadas a perder a la criatura y recibir fuertes castigos, ahora es el que abunda en las zonas donde estÁn agrupados los desmovilizados de esa guerrilla. >>era un riesgo tenerlo en el campamento porque se daÑaban los diÁlogos. era un peligro tener a mi hija en el campamento. es una emociÓn tener un igualado. es la vida de uno. yesid: desde hace cuatro aÑos cuando comenzaron los diÁlogos hasta ahora ya hay 176 niÑos de cero a cuatro aÑos de edad al interior de todas las zonas donde se agrupan las farc. >>significa el

. >>> en brasil los ojos puestos en los ojos de michel temer, arturo lescano nos cuenta cÓmo transcurrensado de corrupciÓn tras la revelaciÓn de grabaciones en la que parecerÍa respaldar pago de soborno al ex-presidente de congreso. >>> tienes que mantener esto dice temer, supuestamente refirieÉndose a este soborno qu niega niega. >>> he oÍdo que hubo mÁs de 50 ediciones de este audio que intenta manchar la reputaciÓn moral de presidente de la repÚblica e in extvalidar a nue paÍs. >>> las raksz han sido hostiles, en calles las protestas se multiplican, pero la respuesta de te ministro es alta y clara. no renunciarÉ. >>> descartada la dimisiÓn, tiene ante zeus tres escenarios un proceso en tribunal supremo, anulaciÓn de su mandato, o simplemente el proceso de destituciÓn que serÍa el segundo para un presidente brasileÑo en menos de aÑo. >>> los empresarios que incriminan a temer, dicen haber sobornado a 2 mil polÍticos de 28 partidos. >>> las elecciones fueron financiada de manera ilegal, ahora se cuestiona la Única salida constitucional, elecciones indirectas en un congreso que estÁ en c

jorge: la corte suprema de brasil abriÓ una investigación en contra del presidente de ese paÍs, michel temeringo en "al punto" hablamos con dos hombres que estuvieron presos durante aÑos pero que fueron liberados esta misma semana. rivera en mÉxico, y el lÍder independentista puertorriqueÑo, oscar lÓpez rivera. >> todos somos autodefensas, todos somos luchadores, desde las personas que tienen que trabajar para llevarle de comer a su familia todos los dÍas. el dÍa que no trabajen, ese día no pueden comprar tortillas, eso los convierte simplemente en unos verdaderos autÉnticos autodefensas porque luchan por su vida. >> todo pueblo colonizado, todo ser colonizado tiene derecho a luchar por su descolonizaciÓn, por la independencia de su paÍs! jorge: pero incluyendo la violencia? >> eso es una de las opciones que tenemos y que todavÍa tenemos los puertorriqueÑos para luchar por la independencia de puerto rico. jorge: en "al punto" este domingo a las 10 de la maÑana del este, una de la tarde en el pacÍfico. pero tambiÉn si no puede, las siete de la noche en todo el paÍs. trabajadores en nuevo orle

the president, michel temer, has been caught on tape discussing payments to silence a witness in a hugeinvestigation. he denies the allegation. he is vowing not to resign and says he will fight the matter in court. reporter: a country gripped by uncertainty read this headline. a time of political turmoil looms large after a newspaper said the president had approved paying off a witness in a massive corruption scandal. responding to the allegations, temer said he won't resign and will fight in court. he has claimed he ordered payments be made to a jailed former speaker. prior to his present sentence, that guy was one of brazil's leading politicians, and the impeachment process against dilma rousseff. this has led markets to tumble at a time when brazil is struggling to recover from a deep economic crisis. >> this scenario of political uncertainty immediately contaminates the economy and will possibly leave the economy at a dead end. decisions will be paralyzed once again. people will not invest. they will wait to see with the current crisis is. reporter: the allegations against temer are

. >> el el presidenta de brasil, michel temer también pasa por un momento complicado el presidente pidióina vive en copacabana un barrio que durante los juegos olímpicos y mundial estuvo remrent de turistas y reporte turistas ahora la seguridad se ha degradado, la facilidad con la que nos roban es grande, no tienes seguridad para tomar el lugar por las calles porque estas destinado a ser asaltado. >> las imágenes de violencia han vuelto a rió con más frecuencia, recuerdan a la que dieron a la llamada pacificación en el 2008. >> fue un proceso que consiguió bajar la criminalidad a la mitad, se diluyó. >> el pacto entre las dos naciones se acabó, hay el cr crecimiento violento de guerra, según los datos de la organización no de gobierno en los 4 primeros meses de este año los hijo cids aumentaron 70% en río en relación al año nt roir, la violencia en brasil deja cifras aterradoras según el instituto de opinión más importante del país, 50 millones de personas uno de cada 3 brasileños adultos perdió un familiar o un amigo por homicidio. >> el fruto de la incapacidad de gobernantes brasileños

medio de ro de janeiro, brasil, en medio de las protestas que piden la renuncia del presidente ''michel temeres de manifestantes marcharon pacficamente por las calles del centro de ro, pero fue momentos despus de llegar a su destino ...cuando grupos anarquistas se enfrent a los agentes... lorena --- es momento de conocer lo que acontece en el mundo de los deportes --- cesar --- pasamos con gabriel sotelo y la actualidad deportiva --- hola que tal feliz viernes, arranamos el dia de hoy su dosis deportiva con miguel herrera director tecnico de los xolos de tijuana. take vo durante la semana hubo una guerra de declaraciones entre el y el tuca ferreti por lo que todos pusieron mucha atencion al momento de que ambos tecnicos se saludaran y como ven no paso nada se dieron un abrazo, platicaron un momento y cada quien para su lado. despues del partido un reportero volvio a sacar el tema y esto no le gusto para nada al piojo. take sot trt:36 otucue:ustedes por su parte tigres llega al partido del domingo con la ventaja de dos a cero grancias al por su parte tigres llega al partido del domingo con la

"michel temer".en las afueras del congreso en brasilia, tomaron tintes violentos cuando la policia intentaba dispersar a los manifestantes con gas pimienta y agua. --"temer" ha sido acusado en varias ocasiones de corrupcion y obstruccion a la justicia. lorena --- es momento de conocer lo que acontece en el mundo de los deportes --- cesar --- pasamos con gabriel sotelo y la actualidad deportiva --- hola que tal y feliz viernes arrancamos su dosis deportiva con las reacciones de matias almeyda despue del partido de ida de la gran final del futbol mexicano. donde reconoce al frances gignac y dice irse contento con el funcionamiento de su equipo. take sot trt:20 sec outcue:goles por su parte tigres se va con un buen sabor de boca del partido de ida... despues de inicar perdiendo el encuentro sorpresavisamente dos a cero. para el director tecnico de tigres. su club llega en un buen momento animico al partido de vuleta de este domingo take sot trt:12 sec outcue: creo en el mundial sub 20 de la fifa disputa

the brazilian president michel temer has recalled troops less than 24 hours after they were deployed in the capital, brasilia, to protect official buildings. he initially ordered the deployment until the end of the month, after protesters smashed their way into government ministries on wednesday during a demonstration demanding he step down. a former greek prime minister has been injured after an explosion in athens. lucas papademos and his driver suffered leg injuries but their lives are not in danger. the device was probably inside an envelope. well, as we have been hearing earlier, donald trump was in brussels today for a meeting of nato leaders. it is the fourth stop on his nine-day-trip, which by most accounts has been a pretty smooth one. but he might be facing a tough homecoming. to discuss this, i spoke a short time ago with ron christie, a former advisor to president george w. bush. success overseas, it would seem . is it as simple as sticking to the script? ron: i think it is. this is what happens when the president and his staff take a deep breath and say, ok, what are we

in brazil, the political drama surrounding president michel temer causes problems in bonds.ise, surprise. for months, investing in brazil had been a breeze, but it changed abruptly following reports that president temer approved payments of the man who orchestrated the impeachment of his predecessor. investors are now gripped by chaos. rnbach,th me is matt ho jim abramowicz, and barrineau. jim, this is your world. you talked about what a surprise this was. jim: the market reacted like it was a shocker. but this is brazil. there has always been a bit of a taint around it, and there has always been this massive uncertainty since the corruption scandal which is now about two years old. it began to engulf different people in congress. so, there is always a suspicion that it might reach up into temer, and now it seems like potentially it might be confirmed. lisa: jim, you talk about the market reaction, and i am struck by the sudden possibility of default. take a look at the bloomberg. you can see the blue line is the cost to insure against a brazilian default in the next five ye

brazilian president michelle temer is scrambling to stop the revolted his party.kers are pushing for an official resignation in the wake of last week's accusations. about a half dozen lawmakers told bloomberg news the surest past of removing precedent temer is for the top electoral court to an old the election results, in which he shilled -- share the ticket with former president dilma rousseff. resignation.a global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i am mark crumpton. this is bloomberg. julia: thank you so much. azil, we are to look at the performance of the emerging markets. been strong.s the index gaining more than 27% over the last year, that some countries have more challenges than others. brazil is one of those in recent weeks, where president michelle temer faced pressure to resign after last week's allegations, and we have reports that antigovernment protesters have invaded the finance ministry. joining us is hernan yellati from berkeley investments. clearly, the domestic pressure is buildin

in brazil's capital, protesters have clashed with police in a march against president michel temer.police responded by using tear gas and rubber bullets against the crowds. it's estimated around 35,000 people took part in the protest. our south america correspondent katy watson reports. brazil's capital descended into violence on wednesday. the seat of government was on fire as government and protesters clashed. "out with temer," they chanted, a call that has become all too common in recent months. it has taken on more urgency in the past week after the president was put under investigation for corruption, an accusation he denies and refuses to step down. many of the protesters were members of unions angry about austerity policies he is trying to pass, and they feel they will have increased hours and reduced pensions. translation: he is irresponsible and is putting brazil in a huge crisis. he cannot continue in the presidency. he has no credibility, he has no support. many of those who came to demonstrate were peaceful. but some made sure they left their mark, damaging ministerial b

thousands of people have protested in sao paulo — and other cities calling for president michel temerns. mr temer risks impeachment proceedings after an audio recording emerged in which he purportedly discussed paying hush money to a jailed politician. he says the tape was doctored. an indian climber is said to have reached the summit of mount everest for the second time in less than a week. anshu jamsenpa — who's 37 — made her first successful ascent on tuesday. her team says she's now set a world record. anshu was blessed by the dalai lama before leaving for the expedition. football fans around europe have been celebrating — or commiserating — at the end of the season as the honours are handed out. in italy, juventus underlined their domination of serie a, by winning a record sixth consecutive title. real madrid won their first la liga title in five years pipping archrivals barcelona to the top. let's get more reaction now on north korean state media confirming that the country has successfully carried out another ballistic missile test. we can cross live to our seoul correspondent,

election. a he told a news conference in washington that he respected the brazilian president, michel temer has said he won't resign over allegations that he was involved in bribing a possible witness to a huge corruption scandal. mr temer said he would prove his innocence and warned that his efforts to pull the economy out of recession were at risk. a driver has ploughed into pedestrians in times square killing one woman and injuring nearly two dozen others. the driver has been arrested but authorities say there is no sign of terrorism — instead he is being tested for drugs and alcohol. a former television producer has been convicted of trying to hire three men to kill his partner. the old bailey heard that david harris, who's 68 and from amberley in west sussex, had wanted to be rid of hazel allison so that he could inherit herfortune and then live with his 28—year—old girlfriend. our correspondent duncan kennedy reports. for 30 years david harris and hazel allenson were partners but harris had a secret, ugne cekaviciute, a woman he'd met in a brothel — but he couldn't afford to wine and

in a defiant speech, michel temer said the audio, in which he allegedly discusses the payment of hushecked for tampering and audio edits. translation: today, we're making a request at the supreme court to suspend the proposed probe until the authenticity of the clandestine tape can be definitely proven. the scandal has engulfed brazilian politics, with a third of mr temer‘s cabinet under investigation for alleged corruption. mr temer is already deeply unpopular in brazil but his centre—right party has been able to govern as part of a coalition. opposition parties have demanded his resignation and snap elections. translation: the government is bleeding and paralysed, and we at the brazilian socialist party, having already taken a stand against the reforms, are demanding the president's immediate resignation. our correspondent in rio, julia carneiro, is following the story. there is a lot that's in play here and there are very serious allegations that have emerged as part of — well, they emerged, actually, from a series of testimonies, that were made as part of a plea bargain by executi