there is a battle to save dilmaacy of cash -- rouseff. tore is vote on whether asked her from the presidency in two days. ordinary brazilians are what hearing about their country's political interest hold. most brazilians are tired of the political clash altogether. >> while dilma rouseff defend herself left goes on. residents are divided over the impeachment trial rocking their countries politics. >> a cancelable public that once but it can bring some to the public eye and help improve the current situation. >> she is an elected president so we should let her stay until the end of her term. bethe balance seems to tipping against her. a recent poll shows 57% of brazilians support her aston opposing it. the current interim president is not popular either. many people seem to be tired of the political drama altogether with 62% in favor of new elections to solve the crisis. business has been affected greatly. if you're planning to buy a car in the past it was difficult and today it had has become even more difficult. an apartment has become

dollar .3% against the ilma rouseff was impeached. oil down over 3%, so below $45 a barrel. matt: let's take a deep dive into the bloomberg. you're going to kick it off with a cool function. >> the function of looking at e cmx go, bloomberg's global economic matrix. you can assess and compare the economic health of different countries. myself usings function for the markets. japan and italy have the highest public debt to gdp ratio among g-20 countries. ofthe right, growth rates 0.6 and 0.7% respectively, the lowest in the group outside emerging markets like brazil and south africa. the take away is we have been talking about the limits of monetary policy and whether we should see more fiscal policy, but if you look at numbers like this, that debt to gdp and the growth, the question is do japan and italy have enough ability to spur growth of their additional spending. doubledybe if they just their debt to gdp levels, they could get those growth numbers up. joe: that's what they are missing. matt: what happens if you have the global map button? that might be quite interesting

theurn our attention to erdogan, rouseff, and vladimir putin deepening. yousef gamal el-din joins us with the start of the hour. take us inside. yousef: remarkable how quickly this rapprochement has happened. having a good chat, saying they are going to set up a joint fund.ment they have not given any details about the size or what executive it will invest in, but investors are likely the change in tone when it comes to the political spectrum in turkey. this is a chart that shows exactly how people are feeling. the moving average convergence, one of my favorites, manus, you can see here that a lot of the signalsave those buy flashing. in fact, 42% now have those signals, compare that to two weeks ago, 0% of companies on that exchange had any buying signals whatsoever. at the highest level in several months, as well. the other fascinating part of the story is of the recovery extends to other asset classes. and we are seeing that on the five-year sovereign debt spread, now currently at 248 basis points. from the turkish government as well, those deals are e

recession, a massive zika outbreak, and the recent ouster of its democratically elected president dilma rouseffhuman rights organizations have also expressed concern about the impact of the games on rio's most vulnerable communities. residents of rio's favelas have spoken of battles against forced evictions, police violence and wasted spending. about 85,000 police, soldiers, and other security officials will patrol the city during the games. chair of the international olympic committee thomas bach said despite the difficulties, the city i is prepared to host e event. >> there were huge challenges, if not a deep crisis. nevertheless, you see that this thisry, that this city, organizing committee has managed to transform a city and to put olympic games on the stage. amy: well, to talk more about the rio olympics, we're joined now by dave zirin in washington, d.c. he's a sports editor for the nation magazine. his recent article is called, "the last dance: on heading to olympic rio."" he's the author of, "brazil's dance with the devil: the world cup, the olympics and the fight for democracy." he is

this is the interim president when president rouseff was suspended for impeachment process. see as just fighting for power to some degree but there's anger here over basic services. a country which has had riches in past decades but now many feel the money to made the city look beautiful and the venue for the games is simply being put somewhere else. there are people here angry about how basic police services haven't been around. we know there are 8,000 security personnel out here but some in the past complained they haven't been paid or they don't have money for fuel even. this is the scene on the key beach down here as the olympic torch we think is minutes away from pass down the road here, one of protest and frustration at the political elite in this country and how these games have been handled. john, zblaet really interesting to see that, the protesters, the cars driving by, right where the torch will pass by soon. nick paton walsh, thank you. >>> the dow surging after a strong jobs report. donald trump team says not so fast. blasting today's job numbers saying they don

projects aren't finished, and some of the and beyond the olympics:e political chaos, as president dilma rouseff awaits an a impeachment trial. days before the start of theef olympic games, we look at the state of play in brazil, withh npr's rio de janeiro-based lourdes garcia-navarro. alex cuadros, author of the book, "brazilionaires," a look at wealth and inequality in brazil in the decade leading up to the olympics.s. and paulo sotero, director of the "brazil institute" at the 'woodrow wilson internationalrn center for scholars' in washington. welcome to all of you. lourdes garcia-navarro, let me start with you. how prepared or unprepared is brazil for these game, and how are people that you're talking to feeling about the games just before they start? >> i mean, i think it's undeniable that it's been very bumpy. starting with the athletes and the olympic village, half of them couldn't move in. they had to send in an army of repairmen to fix basic infrastructure questions like electricity and plumbing, and, we've seen a lot of other complaints. just today in the media villagel some of the rep

recession, a massive zika outbreak, and the recent ouster of its democratically elected president dilma rouseffman rights organizations have also expressed concern about the impact of the games on rio's most vulnerable communities. amy: but the olympics were not without its success stories. thursday night, jamaica's usain bolt dominated the men's 200 meters final, clinching his eighth olympic gold medal. brianna rollins led the american women in sweeping the 100 meter hurdles wednesday. and the so-called final five women's gymnastics team, the most diverse team ever to represent the u.s., concluded their run in rio with a historic nine medals. to talk more about the rio olympics, we're joined now by dave zirin in washington, d.c. he writes for the nation magazine. his recent article "ryan lochte , is one of many privileged first-world tourists -- and brazilians are fed up." he's the author of "brazil's dance with the devil: the world cup, the olympics and the fight for democracy." dave, talk about the lochte scandal. >> absolutely. we're breaking news on this in addition to what you have alread

will behe nor rouseff in the stands. it goes back to a serious point.k at the challenges of building stadiums, the olympics, the challenges to this economy -- we have been covering it for the last year and a half -- has been incredible. unemployment and inflation have almost doubled. tom: you talk about the past for brazil and the leaders, i wonder if the olympic concept has passed. it is nothing like the buzz that i remember 15 to 30 years ago. it used to be a huge deal. a hugee: i hope it is deal again. it is one of the greatest sporting events where countries come together. a moment where a lot of countries are moving away from globalization, it is an important reminder of the world we live in. we will be back with steven major. this is equities in europe. this is bloomberg. ♪ ♪ jobs day, bloomberg surveillance, francine lacqua in london, i am in new york. all that i care about is the pole vault. it is eight days from now and will be on for 4 minutes. i have never done it. have you ever done it? francine: i will have to look it up. tom: let's look at

this, after suspended president doma process, failed to sway -- ilma rouseff answered questions for 14 during the impeachment trial. senators are expected to vote tomorrow. 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. matt: thank you very much. now, let's get to apple. it has been ordered to pay $14.5 billion in european commissions. they insist that they did nothing wrong. ceo tim cook saying that the european commission has apple's history in europe, ignore ireland's tax laws and up in the international tax system in the process. it will have a profound and harmful effect on job creation in europe. . earlier, we were joined to talk about the tax laws. of stateon is an issue aid. no member states can give out selected benefits to a company. it is a long long-standing case practice. it goes back to actually the 1950's. in that respect, there are no novelties here. this is the work that we are supposed to do. matt>> there is disappointment g both parties including the u.s. treasury. the

de la rue says -- dilma rouseff speaks out on monday.he denies any wrongdoing and argues that her enemies are carrying out, in her words, a coup d'etat. 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. scarlet: thank you so much. canadian businessman and shark tank investor, kevin o'leary, is celebrating one year since the launch of his oceanshares. since then, it has gained 20%. he has seven new eps in the pipeline. we have kevin o'leary joining us from toronto. also with us is our own eric who covers bothetfs for bloomberg investments. it seems the funds would take a more conservative approach. is that your view of the bond market right now? >> it is my view of the bond market and equity market currently. i'm not particularly enamored with market cap industries because they are market cap waited. i'm not interested in owning a large percentage of anyone stock. what concerns me the most about the markets now is the actual balance sheet of th

ilma rouseff is set to speak before congress before the impeachment vote. >> we had a very long sessionff anddefended rous spoke about eight hours in the senate, which is not a common occurrence to have saturday sessions. they argued it is not a crime and that this is a political trial. there is no legal grounds for her impeachment. caroline: we've got live shots just coming throughout the moment ahead of that speech coming from dilma rousseff. give us a sense of public viewpoints. will there be an impeachment and how likely will she be able to manage to defend herself? >> it is seen as very likely as impeachment passes. most of the newspaper polls have the number of votes needed to oust her. the newspapers have around 52 or 53 and 10 senators who have not declared about. this is expected to be one of the biggest days. dilma rousseff is attending for the first time since proceeding started last year and her mentor and predecessor is expected to be by her side, one of brazil's most popular politicians. caroline: julia, great to have you on the show. i know you have planned stocks we shou

doma recess -- dilma rouseff's pending impeachment. >> part of the work we are doing smaller toour banks make it simpler. we want to set higher standards for control and be more successful. london. are joined from the only way we can be profitable is if we wind up merging. he is message was that going to do what he is promising to do, which is to shrink the bank's profitability and greatness. we should be talking about possible mergers. every regulator is saying it needs to be done, that we do need to see fewer banks in the eurozone. this, no one believes merger is going to happen. we should appreciate there is logic behind there and it is .ifficult for deutsche bank we criticize deutsche bank for having no way out of this apart from shrinking. why not think about the good side of a merger if it helps? alix: he says banks need to become like tech companies and less complex. he wants to shrink, but merging and helping under liars is the only way to grow going forward. central-bank policy has put this -- to the german banks. >> if the market is shrinking or stagnating, you want to control