now they're all un unemployed because of the petro petrobras scandal scandal. they all wait here because they feel they have a better chance than if they hand in their details and walk away. >> i've been here since 7:00 a.m. and nothing so far. we're trying to get our jobs back. >> the petrobras scandal will hit the economy here. >> britain's failure to investigate the role of its army in a 1948 massacre in malaysia has been challenged in a landmark supreme court case. relatives of 24 victims of the killings want the british government to be held accountable. lawyers have told the court that britain has a responsibility under convention of human rights, a commission of independent inquiry. charlie angela has more now from london. >> at 78, her memory is not what it used to be, but one memory is crystal clear. as an 11-year-old, british soldiers forced her into a truck as she was driven away she heard thoughts and her father was executed, and watched as her childhood home was burned to the ground. she has come to the u.k. to demand an apology from the british go

petrobras will pay more than $2 billion. petrobras was linked to a decade of alleged kickbacks, bribes, and inflated contracts. the british trader accused of helping cause the 2012 flash crash spent the night in jail. sarao will fight extradition to the u.s. he must agree to stay at his parents' home and not use the internet. i am not making this up. lawyers say he helped to manipulate the market and helped wipe out more than $1 trillion of value. facebook said sales rose 42% in the quarter. facebook generates more than half its revenue outside the u.s. the chief operating officer said the company is finding new ways to target marketers on mobile. >> we believe video will play a significant role in bringing marketers to facebook on mobile. we believe video will become more important over time. olivia: facebook said videos are viewed for million times -- 4 billion times per day. it is a nerd show. google has unveiled a new mobile feature. tom keene is excited about this story. subscribers will pay $20 per month and will get c

petrobras accounts for roughly 1/10 of the country's gdp.evelations about contract fixing, bribes and monday laundering -- and money laundering has done -- and money laundering has delivered a blow to petrobras itself. it also posted acid devaluation of working billion euros. -- posted asset devaluation of 14 billion euros. on wednesday former executive was sentenced to seven years in prison for his role in the scandal. matt: we will go to the markets where european stocks did not have a good day. at the frankfurt stock exchange -- reporter: it is not always what you get that what you were expecting to get. the consumer climate index and the german purchasing managers index were good, but not as good as expected, dragging markets down. we saw a slight decline in france. this shows us the economy in the eurozone may not be doing as well as we all think. the other big headline was deutsche bank, germany's best-known financial institution will have to pay $2.5 billion to u.k. and u.s. authorities after being accused of manipulating interest rat

now they're un unemployed because of the petrobras scandal. they'll wait here all day because they believe if there is a job they have a better chance of landing it here than if they hand in their details and walk away. >> i've been here since 7:00 in the morning, and i haven't gotten anything so far. every in the crowd is in the same situation. we're trying to get our jobs back. >> petrobras scandal will hit the entire brazilian economy this year. the investigation continues and so does the pain of unemployment for thousands who thought their jobs were safe. >>> still ahead in sports find out why floyd mayweather and manny pacquiao won't be fighting for an ordinary belt. that's after the break. stay with us. >> in a few hours time we'll know the line up for this season's uefa champions league semifinals. bayern munich and barcelona already through. juventus with the one-goal lead against monaco. even tighter in the other. this is a repeat of last year's final in which real won. >> welcome here to the star traction here there obvious replaceme

petrobras at a loss of nearly $1515 billion.he company had a $2 billion charge for cost related to corruption. petrobras of course has been at the middle of a massive scandal it is alleged to have paid rides to contracts, and more than 40 politicians are under investigation. let's take a listen to the petrobras president. >> today is an important day for us, not only us but the whole brazilian economy, the whole country. by presenting our operational and financial results of last year, we are taking a fundamental step toward saving the credibility of petra rest, its shareholders and suppliers for the marketing greater society. will: new data shows the economy got off to a disappointing start for the second quarter. a survey of the german and french private sector said manufacturing has slowed, in france fell to 48.8. any reading above 50 indicates expansion. in welcome activities for the eurozone was also weaker than expected, falling to 51.9. economists expected to increase to 52.6. market research says the result is a price an

the petrobras scandal. just the petrobras state-owned oil company that's under investigation, but some of the country's biggest construction companies as well. and that's a huge infrastructure project at risk. professors are taking to the streets today and on sunday we'll look at how the whole country is now affected. >>> a very warm welcome back to "gmt." new research suggests that middle aged people who are underweight are more likely to develop dementia than those with a healthy body mass index than those who are obese. the findings would seem to contradict previous evidence. well, our health correspondent, sophie hutchinson, has more. >> exactly how dementia is triggered in the brain remains a mystery, but with levels soaring along with obesity, researchers wanted to clarify whether they were linked. the study examined the medical records of nearly 2 million people with an average age of 55 of up to two decades. they found those who were underweight were at the greatest risk, 39% more likely to be diagn

every single man here had a job until a month ago now are unemployed because of petrobras scandal. they will wait here all day because they believe if there is a job they have a better chance of landing it if they're here than if they just hand in their details and walk away. >> translator: unfortunately i've been here since 7:00 in the morning and haven't gotten anything so far. all of this crowd is in the same situation. we are trying to get our jobs back. >> petrobras scandal will hit the entire brazil economy this year. the investigation continues and so does the pain of unemployment for thousands who thought their jobs were safe. >> pope francis will stop in cuba on his way to the u.s. when he visits in september. the vatican confirmed that the pope has accepted invitations from the cuban government and catholic officials in the country. pope francis helped broker the situation to reestablish diplomatic ties. the first pope to visit cuba in the last 17 years. >> prosecutors say contributed to a multibillion dollar single day crash on wall street. bail was set in london at $7.5

herself was chairwoman of petrobras when the corruption happened. not been implicated so far. now to cuba, the governor of new york will travel next week on a tradition. the first u.s. governor will travel to the island since barack obama lifted the travel restrictions in january. andrew cuomo will bring executives from new york looking to reach consumers in the communist country. normalized relations between the two nations took a step forward tuesday after president obama proposed to remove cuba from the list of nations that sponsor terrorism. these are the top stories making headlines in latin america. back to you. mark: joining us from mexico city. thank you. coming up, will there be more job cuts at the world's biggest oil services company? reporting earnings after the bell. that story is next. ♪ mark: listen up, disney has released a new "star wars" trailer. take a look -- [music plays] >> we are home. mark: alix steele is sitting to my left and she just got so excited. the force awakens opened in december. i'm very happy for you. some of the

now there are 4500 workers. >> petrobras is one of brazil's biggest companies.any that may have taken bribes are linked to the government. the investigation is called operation car wash. one that economists say while it causes pain brazil has to do this. >> should enterprises change their rules in order to follow a much higher standard of values? also the private sector has to be much more transparent. especially in relations with the government. >> it's estimated that 35,000 construction jobs have been lost and there is no sign that things are going to get better every single man had a job until a few weeks ago. now they're unemployed. they all hand their details in to the company behind the white fence because they heard that it's hiring, and they'll wait here all day because they believe if there is a job they have a better chance of landing it here than if they just hand in their details and walk away. >> unfortunately, i have been here since 7:00 in the morning and i have not gotten anything so far. all this crowd is in the same situation we're trying to ge

. -- petrobras.ny is embroiled in a massive eruption -- corruption scandal reported it lost $7.1 billion last year. the market reacted with the stock falling 3.1% to 12.7%. the biggest love -- slump on the benchmark. the corruption scandal cost $2.1 billion. now to honduras where the president is scrapping plans to sell global bonds after reaching a deal with the imf. the country secured a three year roughly $188 million agreement and will be used to reduce the deficit to 2% of gdp by 2017. the $19 billion central american economy that has struggled from everything to gain violence his been gaining strength and the president hernandez specs to be viewed more positively by credit rating companies. those are the headlines in latin america. mark: joining us from mexico city for today's latin america report. more coming up as we speak with a bloomberg reporter who interviewed the company's chief financial officer. that report is straight ahead. also coming up, oil and gas tech -- oil and gas players are

we built you this graphic to show you just how leveraged petrobras is. company in the world, has more debt than many countries and relative to its size it is more leveraged by a long shot than any of the other oil majors. they are cash flow negative because they have borrowed and borrowed to drill in the deep ultradeep water, which is expensive. it was okay when oil was at 100 bucks a barrel but at 52 not so good. so they've got a lot of issues to get through here at this point. >> and thank you, michelle. hang with us. plenty of attention will be paid toward that earnings report tonight, bill. >> for more let's bring in brian reynolds with rosenblatt securities. we always ask, something especially on the scale of this how it could happen who fell asleep here? in fact one thing that makes this very messy is the person who is the president of petrobras while this was going on is now the president of brazil. that adds to the confusion of this whole thing here. >> it's actually really sad. it seems like there was corruption on an institutional level. that m

angry at the way the government seems to be handling the petrobras scandal.s those who don't know there are access that senior figures in the state-run oil company accepted bribes for construction contracts. the problem for the president is she was chairman of the board at the time. there is no suggestion that she knew about the bribes that she was connected to any alleged bribes but it's tainted her government. it's hit the economy as well. that's been a defendant problem. she is making spending cuts trying to do the right thing many economists believe to try to get the country on track. it's hurting a lot of people as well. that's what's driving them out on to the streets. as you see in march, we had million dollars on the streets and more than 50 cities across the country. more than 4 oreo protests planned for today 400 protests planned for today. it was much smaller than the one in march, but they are expecting a bigger one here in sao paolo, so it's a worrying time for a president who is waking up to headlines with a new survey showing 63% of brazilians

. >> reporter: we just sat down with the cfo of petrobras who was trying to give a message that petrobrasto be far more attuned to investors' desires and needs, shareholders' needs in the wake of the huge scandal that has rocked this company for the last year which led them to announce last night a very large loss and also a write down of worth nearly $2 billion. he said they are going to be far more focused now on transparency:. you announced a $2 billion charge roughly related to the corruption investigation, but the investigation is still ongoing. how confident are you that that number is accurate and that it won't grow? >> this number is related to a period of time contracts and related to the companies that are mentioned on these agreements. that's the best information that we have at this moment. but it's impossible to say that you -- that this number will cover everything because information that we don't have access to be available, only in the future. it's impossible to know about that. >> so it's possible there could be more down the road? >> or or more or less. we really don't

francine: what is next for petrobras?: the biggest issue is that within 30 days, the ceo's will be presenting their new five-year plan. that's has to do with capex. the second issue is their divestment program. they've said they want to sell $13 billion in assets over the next few years. in this market, that may be a struggle. that is the big question everybody has right now. guy: thank you very much indeed rodrigo: joining us from madrid. francine: novartis reported first-quarter profits that beat as the company begins to benefit from asset transactions that make it smaller and more profitable. guy: google has unveiled its own wireless mobile phone service. it is called project fi. the price plan should put pressure on at&t and verizon with the service offered through sprint and t-mobile in the united states. francine: authorities in chile have issued a red alert after the calbuco volcano erupted. the eruption sent a huge ash cloud. evacuations have been ordered for people living within 10 kilometers of the volcano. guy:

♪ alix: petrobras is hurting. state run oil company last $7 billion last year and $2 billion because of a corruption scandal. petrobras dropped 15% in the last year. what happens now? with me is the ceo and chairman of greylock capital. at what point does petrobras get access to the public debt market? guest: it will be tricky. they are the most highly leveraged company in the world at this point. there was one downgrade. two more, three of the rating agencies have them on negative watch. if they get another downgrade, they're out of the two indices. it's not a very good environment to issue debt. i would think they're going to have trouble accessing the markets in the next little while. alix: does this continue the black eye for dilma rousseff? guest: it does not help. the beginning of the week they disclosed the end results of the corruption. the markets seem to think it is explained enough. my concern and a place like brazil is that might be beyond scratching the surface but not really digging into the messines

she did not see any signs of corruption when she was chair one of -- chairwoman of the petrobras boardatement last month. now back to you in new york. mark: joining us from mexico city. thank you. that is run latin america report for this monday. coming up, there is trouble. game of thrones fans can now forget about watching the series on tv and just tune into the internet. this bill trouble for hbo last night. -- this spelled trouble for hbo last night. ♪ mark: welcome back. caps on the iranian new year deal may have to be ended past the june 30 deadline. -- talks. since then you win and iranian officials have been sparring over the details. i wrong supreme leader system window to wrap up the deal is not an unchangeable matter. -- ir supreme leader. meantime, the obama administration will try to sell a skeptical congress about the merits of the deal. yesterday john kerry argued the administration should be able to negotiate a final deal before congress weighs in. >> i think we have earned the right sense -- through what we've achieved in and around agreement and what we've laid out in

the investigation of corruption at petrobras continues.rested the treasurer from dome of yusuf -- he's accused -- the arrest brings the country's largest corruption scandal a step closer to the president's government. she was chairwoman of petrobras when the corruption happened. she told bloomberg that she knew nothing about this at the time. in mexico, the l finance yarrow newspaper has a story about cooper drivers. -- uber drivers. when we return the hottest housing markets the spring. which cities are commanding the strongest home prices. "bottom line" continues in a moment. ♪ mark: police arrested a man who steered his one-person helicopter onto the west lawn of the u.s. capitol this afternoon. prompting a temporary lockdown of the capital visitor's center. capitol police did not immediately identify the pilot but the associated press is reporting a florida postal carrier named doug hughes took responsibility for the start on a website where he said he was delivering letters to all 535 members of congress in order to draw attention to

michelle caruso-cabrera live out petrobras' headquarters in rio de janeiro. >> reporter: the board is meeting right now looking over the audited financials from pricewaterhousecoopers and later they will take a vote on whether or not to release them to the investing public. if they don't, it will be a huge disappointment because you can see the move in the last week or so. it's climbed, the shares of petrobras, more than 50% on expectations that the numbers would come out. that huge rise though does not make up for the massive decline that we've seen over the last year as it seems day by day more details emerge about abribery scandal that has lasted for a decade that has led to arrest of politicians and party members. once they get past this hurdle analysts say they face other big hurdles such as way too much government intervention into this company in the first place. consider this the brazilian government owns 52% of the voting shares of this company. they control the vast majority of the board members and, in fact, until recently the chairman of the board was also the finance mini

. >> three businessmen suspected to be involved in the oil scheme of petrobras. >>> the irish government is accused of subject subjecting, many without their consent. the procedure cuts through cartilage and ligaments of the pelvic joint to allow the baby to be delivered more easily. lawrence lee reports. >> this is the result of a synph synpha pisiotomoy. pisiotomomoomy. >> after all any woman who accepts compensation also signs away her right to take any other legal action against well, anyone in ireland down from the state itself to any doctor or religious institution that looks a lot like protecting the abusers. >> women'swomen in their 70s and 80s accepted by a retired judge have been offered money. >> this is the retired judge hired to make decisions on the women's claims. maureen harding clark has been given an office at the building. >> she doesn't brief most of the women, when you have women crying about sexual dysfunction and not bonding to their children. >> she said she wouldn't put much store by personal statements of the women. they throws back the claims saying she wants p

michelle filed this report. >> investors are waiting to hear just how big a charge petrobras would takeuption investigation under way for the last year. the number, 2 billion. on top of that another $15 billion in impairments. that lead to an overall loss for the quarter of $7 billion. still, now that the company has gotten through this hurdle of reporting earnings they still face other huge challenges such as making it cash flow positive. that means they'll have to sell off assets and reduce capital expenditures. we wait to see how the markets react to this earnings report and whether or not investors find it credible. back to you. >> heres a reminder of the headlines this hour. it is super thursday for earnings with 50 firms in the s&p 500 set to report. google and amazon are coming out with their numbers after the bell with amazon breaking out cloud revenue for the first time. this after facebook posts it's slowest revenue growth in two years. >>> it is april 23rd. the day scholars acknowledge as william shakespeare birthday. no one knows what day he was born but in honor of shakespe

petrobras is a key driver for the brazilian economy.anies live off of it -- lot of companies live off it. guy: how is it going to work? >> it is a huge doctor i think sometimes we may lose a bitor per expect oiven this. they have made the biggest two or three years ago they made the biggest corporate -- by an emerging markets company ever. it is a massive player for all investors who are seeking exposure to oil and emerging markets. they have been downgraded by fitch and moody's. one notch above junk rating. it is a big issue for everybody to see what's going to happen here. they have not issued since last year. not only have they not issued but because of the brazilian economy's weakness there haven't been any by brazilian corps since norv. francine: thank you so much. we'll be watching for petrobras and watching for gazprom. a completely different subject. guy: that wraps things up for "the pulse". for our u.s. viewers, "surveillance" is up next. see you in a moment. ♪ . . >> this is "bloomberg surveillance." tom: markets turn a waiti

billion dollar corruption scandal at the state run oil company, petrobras, although there's no suggestion the president was involved. runs his own company he will join the protests saying enough is enough. >> as a father i'm leading the movement called upset online, in order to offer a bright future to my kid my grandchildren and my great grandchildren. >> president rousseff has taken some steps oon issues raised in the protest. this will not be a silent signal. there won't be any disguising the message that they want her to go. allen fisher, al jazeera sao paulo. >> violence saw nine people killed. this was the scene at saturday in port harcourt, the capital of river state. protesters were angry because voting terms hadn't arrived. >>> basheer is running for another campaign. >> politics doesn't seem to be on anyone's mind. it was hard to find someone planning to vote. >> i want the election is to be fair and we want our ruler to be somebody new because frankly we are fed up with basheer. >> basheer seized power in a military coup in 1989. he is the only sitting president wanted by the i

. >> there is growing anger at the multibillion dollar scandal at the state run oil company petrobras. there's no suggestion the president was involved. farid assad runs his own company. he will join the protest saying enough is enough. >> upset online in order to offer a bright future to my kid my grandchildren and my great grandchildren. >> president ruse ef has taken some steps to address the issues raised in the protest. it might help her in the long run but there will be demonstrations in 400 cities and towns np won't be a silent signal. there won't be disguising the message that they want her to go go. >> hillary clinton is set to launch her 2016 presidential campaign. the former secretary of state will make her announcement on sunday. she failed the nomination in 2008 against barack obama. if elected clinton will be the first united states female president. >>> delegates to the national rifle association feel she is a threat. >> demonstrated the most potent national blocks. gun oarm ownership not just a constitutional right but a important right. media disorganization of their

state run petrobras. go to our website for more. aljazeera.com. headlining there, events in yemen. find all of the global headlines there. al jazeera. this is a show about science by scientists. let's check out the team of hard-core nerds. dr crystal dilworth is a molecular neuroscientist. tonight - basil mint and more growing under light in an industrial warehouse in chicago. zero pesticides - 98% less water. who needs rolling fields and who needs the sun? >> you have a lot more red than you do blue. >> yes. >> why is that. >> specialising in ecology and evolution. the wild paradise smacked in the middle of an airport. >> that's all honey in here. >> yes. >> conservationists are turning wasteland green, and using extraordinary measures to keep it that way. >> here goes. i'm phil torres. i'm an entomologist. that's our team, now let's do some science. >>> hey, guys, welcome to techknow, i'm phil torres, joined by marita davison, and crystal dilworth. as you think of a farm in the midwest you think of corn and wheat fields, it's not the case these days. >> as research is scarce, far

. >> when we come back petrobras is expected to release financials after the bell.could have huge implications far beyond the company. michelle joins us to explain right after this. ♪ ♪ ♪ [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ ♪ she can print amazing things right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪ ♪ my mom works at ge. ♪ ♪ man: you run a business. could be any kind of business. and every day you've got important decisions to make, like hiring. where are you gonna find those essential people you need? with ziprecruiter, it's simple. we post your job to over 100 job boards with just a single click, so you can reach millions of qualified candidates. then we'll give you the tools to help you manage, screen and rank your applicants all so you can find the right one. try zip recruiter for free today. new york state is reinventing how we do business by leading the way on tax cuts. we cut the rates on personal income taxes. we enacted the lowest corporate tax rate since

state run petrobras. go to our website for more. aljazeera.com. headlining there, events in yemen. find all of the global headlines there. al jazeera. this is a show about science by scientists. let's check out the team of hard-core nerds. dr crystal dilworth is a molecular neuroscientist. tonight - basil mint and more

i just sat down with the cfo of petrobras. i'm in their headquarters right now.spent a lot of time talking about the corruption issues they are trying to overcome the earnings report that came out last night but also about the future hurdles for the company. remember know key issue worrying investors -- the high level of leverage. we built there graphic so you can see. this is the most leveraged major oil company in the world because they have borrowed so much money. they have promised investors they're going to reduce leverage dramatically. they're going to sell assets. ivan montero told me he's convinced they are going to get a very good price. >> one of the most important protections in this year 2015 was the transaction between bg and shell. shell released at that moment that one of the most important drivers for this transaction was the assets that see as brazil. it was good for the markets that brazil has very good assets. >> reporter: so with selling assets, also cutting the dividend as well that's one of the ways they're going to try to preserve cash. the

petrobras fell after morgan stanley cut its recommendation to the equivalent of cell.e for a fifth straight day on speculation central bank will increase borrowing -- that is your latin america report for this monday. still ahead, the deputy prime minister portugal and we will be right back. ♪ mark: world's's top designers and business leaders come together to find out how design makes world throw better smarter, cooler and more innovative. here we are shown what office spaces might look like in the not-too-distant future. >> it is on it makes a positive impact on the most possible number of people'lives. in some ways, the most creative step. i way that everyone else frames the question. there is a pretty good chance the answers you come up with will be the same as everyone else's answers. designers were interested in the future. we are interested in how it will play out in society and city and how the technology will lead to unexpected things. >> what does it mean to move spaces rather than people or things around in our environment? the work really addresses this not

expresaron su descontento ante la manera en la que el gobierno est manejando el caso de la empresa "petrobrasero a polticos y empresarios. lorena/ms --parece que la refoma educativa en mexico no esta teniendo buenos resultados... un estudio revelo que el 60 por ciento de egresados de la normal de maestros no estan preparados para estar al frente de una aula. --aranzazu alvarez nos pone al tanto. take pkg 0:01 0:29 0:47 1:14 1:24 el 60 por ciento de los nuevos maestros de mexico no tienen la capacidad para estar en las aulas, revelo el "informe 2015 los docentes de mexico", realizado por el instituto nacional para la evaluacion de la educacion... este estudio que el inee entrego al senado para buscar alternativas que minimicen el problema, fue rechazado por maestros y estudiantes... movimiento en glorieta dicen que el problema no radica en futuros profesores si no en el plan de estudios en el que se basan para formarlos... es el mismo de hace 30 anios... " yo sali en el 84 y hasta el dia de hoy se sigue enseniando d ela misma manera"... actualmente en mexico son mas de 132 mil 205 estudiantes

petrobras says the scandal costs more than $2 billion.s the company ceo her job, shut off access to the bond market, and destabilized brazil's politics. petrobras was linked to a decade of kickbacks, bribes and inflated contracts. pimco says the bond market will not be ready if the fed raises interest rates in september. pimco runs the world's biggest bond fund. pimco is taking advantage by cutting its positions in short-term treasuries. in puerto rico, the government development bank -- i will slow this down because i want you to pay attention -- warns that the government may have to shut down in the next three months because it is running out of money. the bank says puerto rico's fiscal problems will keep it from selling more bonds. puerto rico is trying to reduce its 70 through in dollars -- $73 million in public debt. coming up in just a few minutes amazon reveals one of its secrets, just how much it takes from its cloud services. taking a museum into the 21st century. we will see what new york's whitney museum did with $400 million.

expresaron su descontento ante la manera en la que el gobierno est manejando el caso de la empresa "petrobrasesarios. lorena/take vo -- el gobierno de bolivia ha comenzado a utilizar drones para frenar la venta de combustible ilegal a lo largo de su frontera... --- los aviones no tripulados sobrevuelan refineras almacenamientos y siguen vehculos sospechosos... -- las autoridades dicen que la venta ilegal de petrleo se ha reducido en casi 40 % desde que comenzaron a utilizar los drones para tal fn... --las organizaciones criminales no son los nicos ladrones. el gobierno tiene pruebas de militares tomando gasolina para uso personal... lorena/take vo --- estas son las historias que hacen noticia hoy en nuestra rea... --- lo que era un secreto a voces se hizo pblico este fin de semana... hilary clinton anunci oficialmente su candidatura a la presidencia de estados unidos... --- la ex primera dama difundi un video en español en su sitio web expresando sus planes y que iniciar su campaÑa en el estado de ''iowa'' lorena/take vo --- la polica de san jos tiene bajo custodia a "andrew butler" acusado p

brazilians are upset over a massive corruption scandal at state owned oil company petrobras, along withgling economy and a slumping currency. it has been quite a reversal for coffee. the commodity it is one of the worst performing commodities this year after being a top performer last year. the reason? rains have returned to one of the biggest coffee growing areas of brazil, likely ending a supply crunch. a notebook the longing to british mathematician alan turing hits the auction block today. turing is the man who cracked the german enigma code during world war ii. the notebook is the only extensive touring manuscript -- turing made a script known to -- manuscript known to exist and is expected to fetch at least $1 million. could we soon be building our homes out of mushrooms? in the spark, we looked at innovators taking on seemingly unsolvable problems. bloombergs sam grobart visits an upstate new york company that believes rigid, board like materials made from mushrooms could replace plywood manufactured wood products in and manufactured wood products in the furniture business. it ha

petrobras released financial results since the scandal that cost the ceo her job.reported a net loss of $7.2 billion last year. these and mastercard shares surged on wednesday after the chinese government ended the monopoly of union pay. visa was the biggest gainer on the dow yesterday rising by more than 4%. the european central doubled emergency funding for greek banks. they raised the cap by about 1.5 billion euros according to someone familiar with the matter. that brings the cache buffer to 2.9 billion euros. today marks the five-year anniversary of former greek prime minister requesting a bailout. needless to say, it is not a happy one for greece. the country remain settled with enormous debt. let's head out to hans nichols in berlin. guy johnson with us as well. disappointing data out of germany and france this morning. five years ago, did anyone think we would still be chasing that elusive recovery we'd still be talking about greece the way we are today? hans: you might have heard some voices that didn't think europe had the firepower, the bazookas. you did

petrobras is set to release delayed earnings today. the focus will be a multibillion one. just laying out the land. >> this is six months after auditors refused to sign off on their results. kick backs to various contractors and there have been a lot of optimism that once we get the rules the worst could be over. we've seen the stock up 30% year to date. you sense that people think the worse could be over. however we need to take perspective because the dimetiming couldn't be worse. they have gotten over $100 billion in u.s. debt and a lot of that is denominated dollars. so that's really not looking good for petrobras in a lot of instances but the focus is on how large that will be. estimates up to $30 million. on the lower end $1.5 million. morgan stanley forecasted. i know you had a guest on previously that said consensus was 15 billion but the question is how do they cover it? that's everything from additional cuts to capex is on the table and also other assets that they own but as we talked about earlier they don't want to give away the assets at this time. the questio

mark: does the company provide and create more credibility to petrobras? rodrigo: without a doubt. of the things the ceo said last night with a presented the results was that they are feeling embarrassed, which is understandable. that they question everybody was asking -- was the auditor going to back these statements, would it have reservations? the earnings were presented without any reservations from the auditor, which is a great time for markets, because there was risk of breaching. this won't be the case. mark: thank you. manus: "the avengers" hits theaters today. will it live up to its predecessor? we will talk movies with a critic after the break. ♪ mark: now for our english viewers -- today might be st. george's day, but for marvel movie fans, the release of the latest "avengers" film is far more important. it is hitting theaters before its release -- will it live up to its billing? i am joined by simon. great to have you. is it any good? simon: it's very good. whether it's as good as the first, i don't know. what it does is that it wraps up "phase two." it sets up the ones

we're looking at petrobra. where can you get a 5% yield.est oil companies in the world. it will be fine. people are looking at russian stuff as well. so, i mean, it's -- you know, i think emerging markets will be the place to be for the rest of the year. >> you're saying go with names down in brazil versus something like in china? >> oh, yeah. absolutely because you -- china is difficult to get liquidity on especially for the united states. but petrobroad trades actively. so does the russian stuff. if you believe the us economy is slowing down a bit, the dollar won't be as strong. if the dollar isn't as strong, it's good for emerging markets. >> do we like the rally today? do we believe in it or is it one day people think the fed won't raise the rates, there's not real oomph behind the rally? >> we get a big up monday and reversal tuesday. so ought to be, yo you have to t to me tomorrow. >> still gaining up 125 with the s&p. up 14. andy, great to see you. be happy no one is throwing a peep at you. we've solved the mystery of who threw the p

together with the selection of board members, one week after petrobras closed about a $15 billion in the overall is the latest iv state run producer to contain losses and -- the latest state run producer to contain losses. also in brazil and order this morning to suspend activities in the country, uber, adding another country to the list where they face legal obstacles. from sÃo paulo there was a fine of 100,000 to a maximum of 5 million if uber violates his order to stop operating. the company said they are also facing opposition from taxi drivers in other countries in the region like here in mexico and in columbia. these are the latest stories. mark: jose, with the wednesday edition of the latin america report, thank you. will this rally last to mark that story -- will this rally last? that story, when we return. ♪ mark: we have an exclusive. corey, good afternoon. cory: we have learned that salesforce has hired some financial advisors after being approached by a potential acquirer. we do not know much more than that, but multiple sources have said and a choir were -- an acquirer h

. >> brazil's joal k providing contracts from the state controlled oil company petrobras. denies charges closest person to president dilma rowe rousseff. >> keeping the rates at record low levels is helping boost the economy. central bank also plans to continue its money-printing program adding 60 billion new euros every single month. >> and the protestor confronted, the young woman jumped on his desk chanted and threw confetti at him. with ecb european central bank dictator ship. >> a former nhl player, the race relations to make it more clurve inclusive. >> criminal gangs risking lives >> it's for this... 3 grams of gold >> killing our planet >> where it's blood red... that's where the mercury is most intense >> now, fighting back with science... >> we fire a laser imaging system out of the bottom of the plane >> revealing the deadly human threat >> because the mercury is dumped into the rivers and lakes, it then gets into the food chain... >> that's hitting home >> it ends up on the dinner plate of people... >> techknow only on al jazeera america >> part of al jazeera a

he said petrobras made the changes to move on from its multibillion dollar corruption probe. she previously served as the chairwoman and has taken a hit to her popularity though she has not been impeached. brazil isn't a place inves tors want to go into now. that's the worst performing emerging market this year. it has a twin deficit. i don't see why any investor would go into brazil unless you're bottom fishing. >> they are putting things in plan to turn things around. reform packages and economic change and things like that. when it comes to the possible downgrade a number of people making the point that they haven't done anything apart from positioning themselves in line with what the other rating agencies have done and you see the rauting the rating agencies behind the curve. but you're right. if you have ice in your stomach and you think long-term strategy. >> you make a good point about fitch though because currency didn't move on the news at all. it was actually higher. >> yeah. moving on let's talk about sports. jordan spieth is the first round leader at the masters.

we have worked along side petrobras already and we will be the premiere ioc working along side petrobras in an exciting upstream province. >> that was the ceo of shell talking to squawk box earlier and he pointed out a number of times that this is a deal that will work at every oil price essentially. let's look at how it's effecting the rest of the sector. the energy sector is the best performing in europe this morning. higher than 5.5%. bp higher by 3%. oil surging by 10%, this could be maybe one of the other m and a targets still out there. pie mary oil higher by 2% and spain also gaining 1.3%. let's look at oil price. they're bucking the trend. brent crude is off by 1.8%. we're seeing another decline after we saw a number of factors playing into the mix yesterday. saudi arabia is pumping oil at a record pace. a larger than expected increase in u.s. stock piles and today we get the eia data. >> oil prices still up about 8% over the past two days. let's look at european markets. what does this mean for the major indices? deal appetite and merger activity sending investors into u.k. stoc

. >> can we touch on petrobras. >> these guys are trading on oil, on improved oil and if i had to look how to trade petrobrass and last night by announcing the numbers they removed the technical default from the things that could happen and the equities traded below 5 bucks three weeks ago and ultimately being priced in. pulling back on cap "x," very good news $25 billion and 29 billion in the noakes five years and they will cut the div for common shares and this is a case where people need to see something. what do you do after this move in the stock moved 75%, up 5%. a lot of shorts left out there. i don't think you need to buy this thing tomorrow, but do i think that this stock is starting to trade almost as much on brazil macro which is changing, not necessarily because of anything fundamental but because things were oversold. the currency rallying. i've been long the stock stock and stayed long through it. >> that 2 billion with the ridiculous madeup number out. >> it was big enough where it looked like people were dressing it and then the impairment charges were also a big enough

petrobras ruling out a shares fell.ompany ceo speaking to bloomberg saying for capital increase this process needs to start a year and a half and advance. there are no procedures in the works they can have been three or four years under any offices. there are conflicting reports on how much elon musk was paid last year. some reports say $35,000, but according to the bloomberg k index, he took home 102 million because of the option. a spokesperson has declined to comment, although the company said he never accepted a salary. the vendor says he changed his mind a lot and made large trades. he made the disclosure in an e-mail last year to the financial this conduct. also known for harassing software providers for enabling him to trade as fast as he wanted. has the housing market hit a wall? falling from a seven-year high. other housing -- housing data has been lumpy. here to make sense of it all is adam parker, chief equity strategist at morgan stanley and michelle meyer, with bank of america merrill lynch global research.

petrobras putting a price tag on the corruption scandal engulfing that company. but first here's a look back at this date in history. ♪ why do we do it? why do we spend every waking moment, thinking about people? why are we so committed to keeping you connected? why combine performance with a conscience? why innovate for a future without accidents? why do any of it? why do all of it? because if it matters to you it's everything to us. the xc60 crossover. from volvo. lease the well equiped volvo xc60 today. visit your local volvo showroom for details. >>> a neighborhood is a bit quiter this morning missing what had become a familiar buzz. local officials removed a 90 pound hive housing about 80,000 fee bees. it took more than two hours. pieces of the hive are headed nearby where the bees will continue their work of making more honey. so, you know. >> i'd like that bee. >> have you seen what happened next week with the bees on the highway. >> wasn't it like a million or something? >> no like 43 million or something. get stuck in that and you're gone. >> i would thi

. >> petrobras voting today on whether the release audible financials.ef international correspond nt is at petrobras'headquarterers. michelle. >> reporter: hey there, daiftd. when the sheet comes out tonight investors are looking at how big is the hole. it matters because they're the most indebted country in the entire world and the most major leverage accompany in the world by a long shot. this is one of the biggest if not the biggest financial scandal to hit brazil in its history which is a high bar to jump over in brazil. even though the share's trade, the adr trade at the stock exchange, make no mistake, they're controlled by the brazilian government. they control more than half of the voting shares and use the accompany as an arm of government policy. all of that coming home in the last year because in march, one of the accompany's directors was arrested for bribery. in september he started to sing and he told investigators for nearly 10 years nearly every contract was padded by at least 3% and then the money in that padding was used for bribery, ki

currenty problems, the petrobras debt crisis but money seems to still be going into latin america.d that takes us to our fifth stock. always the under radar name it is based in argentina. mercado libre. meli. they do business around the world. credit suisse upgrading it to an outperform. they bump their target. 191 from 136 a share. they like some of the new promotional cools. they say the near-term evaluation of the venezuelan bowl var is going to weigh on mercadolibre's numbers in the short term. >> 8% of revenues. this of course the e bay of latin america. a name we talk about on "fast money." but one to watch considering the huge bump. that does it for "street talk." let's get to trading nation. >> let's bring in the trading nation. cathy lee is a currency trade with bk asset management. and stacy gilbert is head of derivative strategy with susquehanna. good to see you both. kathy, the dollar index has lost some ground lately. which way do you think we're going to go storm on the statement? >> absolutely right, mandy. the dollar's getting crushed going into the fed meeting. wha