rousseff called it a coup. she gave a defiant speech before leaving the presidential palace, where she was greeted and hugged by former president luiz inacio lula da silva. she vowed to fight the impeachment. >> it isn't an impeachment, it is a coup. andd not commit high crimes misdemeanors. there is no justification for the impeachment charge. i don't have bank accounts abroad. i never condone corruption. the trial against me is fragile, legally inconsistent, unjust, unleashed against an honest and innocent person. the greatest brutality that can be committed against any person is to punish them for a crime they did not commit. no injustices more devastating than condemning and innocent. what is at stake is respect for the ballot box. the sovereign desires of the brazilian people and the constitution. what is at stake are the achievements of the last 13 years. nermeen: president dilma rousseff has been suspended for up to 180 days or until her senate trial is concluded. attorney general jose eduardo cardozo ca

he threatened president rousseff , saying he would open and impeachment process.kersnutes after the party made a statement saying they would not support him, and he triggered the impeachment process. reporter: his appeal is seen as the president's best hope to stay in power even in the event of an impeachment vote by the senate. she's not giving up. history will show that because i am a woman, i am more resilient and more of a fighter. times, even today, they wanted me to step down. down as never crossed my mind. -- has never crossed my mind. reporter: rousseff is accused of illegally manipulating finances to cover a growing public deficit ahead of her 2014 reelection campaign, allegations she denies street late on tuesday in rio, hundreds of rousseff supporters held handle -- candlelit vigils ahead of the senate vote. others marched and held banners. anchor: for more on the story, we will speak to richard, who from riofrom brazil, de janeiro. thank you for being with us. the senate is now debating doesher or not she should -- it mean she's almost certain to face

rousseff pushed aside.n twitter brazilian athletes saying do not come to rio for the olympics. michael: an article was published suggesting the olympics be canceled in brazil. getting rid of dilma rousseff or not get rid of the problems, has the country economic difficulties ahead. with the senate and legislature, and a new president who is also tainted, it will be hard to get them out of this. tom: what is important is how people were out runs on this linkage of politics and economics. i would give the highest marks to mohamed el-erian at pimco. he was out front on brazil being a unique mess. is important now is the votes. they have come in and there have been more people than we thought that have supported the impeachment of resident rousseff . -- of president rousseff. someone will give a letter to president rousseff that she is no longer in power. the nitrile starts for her impeachment. she could resign at any moment. up until now she said this was a strong, thisl stay is an opposition, this is unfair.

rousseff says she's the victim of an institutional coup d'etat.ou can read about that more in the brazilian papers. on the fronter page of this one. this editorial qualifies the attempts that she has been putting through to stop the impeachment process. it says this is a grotesque farce. this is a political maneuver that is terrible for brazil's image of broad. it says brazil's image has really suffered in recent weeks. it must be said that globally, most brazilian papers are in favor of impeachment and are quite critical of dilma rousseff. it's not the most balanced analysis. >> she does have plenty of supporters and many of them are very active on social media. >> that's right. i pulled out a facebook page that was quite interesting. it's a bunch of cartoonists that have come together to protest this coup d'etat. i pulled out one in particular which accuses dilma rousseff's critics of trying to get rid of her policies and impose u.s. style capitalism. plantingee uncle sam an american flag into brazil's state-run oil company petrobras. that are t

president rousseff says efforts to oust her are illegal.ke to our south america correspondent. reporter: a moment of pride for brazil as the olympic torch arrives this week, but a bittersweet moment for dilma rousseff. this perhaps is one of her last official acts before the light goes out on her presidency. facing the prospect of suspension and an impeachment trial, president rousseff appeared confident when we met for a rare sitdown interview, but she admitted to me that missing out in a formal role in the rio olympics would be tough to take. president rousseff: the torch is a formal -- symbol of all the effort we took to make the olympics safe and successful. the fear i might not be at the games myself, but rather a person who usurped my job, creates a sense of sadness and injustice. reporter: brazil's embattled leader has faced nationwide intests, with the economy recession and the government in the grip of a corruption scandal. is innocentsts she on formal charges of illegally hiding the scale of the deficit. the likelihood is the sena

last week president rousseff welcomed the olympic flame. will play no official role in the games themselves. the prospect of an impeachment trial. there are charges she illegally concealed the size of the deficit. facing humiliation, but defiant, in a rare sitdown interview dilma rousseff said the accusations were baseless and that she was the victim of a coup from her enemies. : we will keepseff fighting to come back to government if the impeachment request is accepted. what we will do is resist, resist, and resist. and fight to ensure that we come out victorious. correspondent: with the recession and the government in the grip of a corruption scandal, the nation is in discontent. popularity is at an all-time low. reason enough for the senators to be supporting calls for the president's impeachment and her suspension from office. >> we have a political crisis. we need to solve this crisis. correspondent: this long, drawnout, and divisive process is being played out in the full glare of the media. in rome, the pope offered prayers for his f

rousseff has headed the social democrat workers party for 13 years. many are hungry for change following a deep recession and accusations of corruption against company executives and politicians on all sides. >> there's no party more corrupt than the workers party. it's the most corrupt i've ever seen in my life. there's no greater corruption in this right here. >> she will stay. she is honest. reporter: rousseff is talking about an attempted cu against her and promises to fight for her position. >> i will stay here, fighting, fighting, because i am proof of this injustice. they are condemning an innocent person. reporter: nonetheless, her opponents may be successful in the senate. if so, her rival would replace her. he already announced a cabinet reshuffle for this thursday. brent: we're going to bring in our correspondent in rio de janeiro on this story. good afternoon to you. with the supreme court rejecting rousseff's appeal to stop this vote on her impeachment, does she have any other recourse? guest: it is widely expected that she is going to lo

dilma rousseff foust to fight back against what she calls a coup d'État after the senate votes to trythe brazilian president. michele tenaris's -- temer is said to be sworn in as president. "money monster" at the cap compostable. we will be -- cannes film festival could we will be getting all the latest on the second day during this newshour. french government has survived a no-confidence vote that was prompted after it through itsorce contested labor reforms. with only 246 votes, however, the conservative opposition failed to gather the minimum of 280 that it needed to bring down the government. valls beforemanuel the national summary. ls: to govern is to make a choice and assume responsibility for it and implement it over time, but also to know how to listen and come to a compromise. and it is with the conviction that our economy needs to be supported in this moment on the past two growth that we need to modernize our social system. which i have committed to. melissa: the failure of the conservative no-confidence motion means that that particular bill, the labor reform bill, will be

what is your view on brazil with duma rousseff?he is expected to lose the process, and it be impeached. he went immediately remove her from power. days,rubenstein: four 180 i think it is, and then she can come back. we are a very large investor in brazil, have a lot of investments. we think the economy has challenged, currency is down more than 50% against the dollar. it is the biggest recession in 80 years. he will not get worse. i do not think it can get worse. eric: even if they shut down all of the investigations into corruption? worst ofenstein: the been occurring, so the trend will be positive. many people feel that has been a challenging time, but it will get better. eric: thank you for taking some time out of your schedule here at salt. david rubenstein, the code chief executive officer of carlyle group. vonnie: stay tuned for the sky result conference. we have the oil tycoon boone pickens at 2:30 in london. w york. slow, hurting macy's. the forecast for the year hoping first quarter sales have missed estimates. they are cl

amy: so is dilma rousseff going to make it?hink billy thing they can savor at this point is if brazilian elite realize that there is going to be too high a cost to be paid for removing her and then installing the very corrupt and located neoliberal, nonentity of the vice president michel temer, which is the current plan. if they come to believe that following through on their plan will cause lots of public instabilityruption, , especially as the olympics are approaching, in a way that could damage this plan to retract foreign capital back into brazil , i think they're going to have second thoughts about it. but short of that, i think they're dead that on removing her. i think the votes will be there in the senate because you have a combination of the ideological factor of enough members of the right-wing in brazil who hate bt and have long hated bt, combined with a self interest on the part of corrupt evil in the senate and the lower house who believe their removing dust removing dilma is the way to end this corruption scandal

we sat down with president rousseff last week and he has been following it off from rio de janeiro. reporter: after a heated and divisive debate, the house of the brazilian congress votedlower last months to need an impeachment process against president rousseff. delight of the government opponents, it seemed as if the beleaguered and unpopular president will be facing a fallen -- full impeachment trial in the senate within weeks. rousseff oppressive or innocence on charges that she illegally had the size of the deficit but seem to ignore what she would be suspended during an impeachment trial. the president may have been thrown in an expected lifeline of thehe interim stick lower house world that last months vote should be around over serious procedural errors. the decision came out of the blue but in the eyes of some observers reflects the divisions and disenchantment with politics. >> what is causing this it contributes to the cause. brings the idea that something is going wrong, and i think at the end of the day they are trying to show society that here is lack of legality or th

either rousseff at the helm or the vice president. but the situation is not going to improve overnight. what will improve and, you know, that's the expectation, although this transition or forced transition may be a way to cover other cases and additional information and provide this impunity. there's a current senator that was currently in brazil. congressmen cannot be tried except for the supreme court. some of them have been found guilty, but through the appeals process are still in office and have not been ousted. so in a sense, if something positive can come out of this, it will be a change in that the movement of the youth that started in 2013 with the price of, you know, buses and transportation and then was moved into the transparency contingents will continue to grow. that you can be sure of. >> the issue is certainly larger than one person. we'll continue to watch the senate here in these next few hours. okay tavio pes ca dor, ucla professor, joining us from l.a. >>> investigators want to know how prince obtained painkillers

amy: last week, the intercept's glenn greenwald spoke to former president dilma rousseff. she expressed some concerns about the situation unfolding in brazil. say it is thet i end of democracy? because today, institutions can be disrupted, but they are stronger than you think. i am apprehensive because what happens under an illegitimate government? it tries to dress itself in the villa of pseudo-order. it bans free of expression and shows an enormous willingness to cut social programs. , well, thet is president does the democratically elected president domaazil, delivers just rousseff, who is just been asked to by the vice president michel temer. maria luisa mendonca, go more into who juca is, who was then a senator but became a planning minister after the ousterrousse. the one on the states speaking to the former oil executive and they're talking about ending the corruption investigations against them. >> yes, he has been a key player in this conspiracy against president dilma rousseff, and that is very clear now by the transcripts. ofis a very powerful member the politic

we have dilma rousseff, who is now suspended. lot political baggage as he takes over. >> he is one of the major figures in this bribery scandal. it is ironic because we've been talking throughout this impeachment process about the line of secession after dilma rousseff. most countries have somewhere written in their constitution who succeeds and in what order. the president goes coming you have the vice president, then this big or of the lower house, the leader of the upper house and in the chief justice of the supreme court. -- the speaker of the lower house, the leader of the upper house and then the chief justice of the supreme court. the man taking over for her is technically as enfeebled by these charges as she herself was good w. we had the speaker himself suspended, stripped of his position last week by the supreme court. he was accused of using his authority, his powers to obstruct the car wash investigation. briberycing charges of and perjury. you have the person who replaced alson the lower house under investigation for

the president of brazil, rousseff, is heading for impeachment. will be suspended from office and put on trial, accused of manipulating government accounts to impress voters in the last election. she denies any wrongdoing could she will be suspended for six months while the child explains. [chanting] >> a fighter for the brazilian nation, they cried. members of the former cabinet gathered to show confidence in the now suspended present. in spite of the decision, nobody is planning on giving up the fight, least of all rousseff herself. >> what is at stake in the impeachment process is not just my mandate, what is in play is a respect for the ballot box, the will of the brazilian people, and the constitution. >> with her head high, she greeted supporters waiting for how outside the presidential palace. these people see the suspension as a coup, motivated by politics. reporter: it was after a marathon debate in the senate that 55 of 70 senators voted to suspend rousseff. they want to put her on trial for manipulating famine to that finances to hide -

reportera: 25 votos a favor de apartar a rousseff de su cargo 55 votos.que es presidente interino de brasil. el documento le fue entregado por una delegaciÓn del senado que deberÁ determinar la destituciÓn de rousseff es definitiva. enrique: el padre de unos jÓvenes conocidos como los porkis, reconociÓ que mantuvo escondido a su hijo y que no existe prueba en su contra. pidiÓ disculpas a la vÍctima de estudio desde la clandestinidad. vemos lo que le espera a los sospechosos. reportero: uno de los cuatro jÓvenes que participó presuntamente en la violaciÓn de la menor dafne el aÑo pasado fue arrestado ayer por la noche vientos tomaba un cafÉ en este lugar, ubicado en torreÓn, coahuila, al norte de mÉxico. >> ayer quedÓ claro y manifiesto que las sustituciones del estado son garantes de que no existe impunidad. reportera: ellos aparecen en un vÍdeo diciendo que se arrepienten de lo que hicieron. aunque no alcanzÓ a dar una respuesta en el vÍdeo sus amigos lo hicieron. marÍn fue trasladado al reclusorio en veracruz donde su padre, quien siempre ha defendido s

rousseff, when she heard her impeachment vote had been held, predicted bumps in the road ahead. >> it is not official. i do not know what the consequences will be. please because this. we are living in a web of tricks. leader has said the move to suspend the impeachment procedure in the lower house was a legal and that the vote in the upper cha mber would go ahead. personally responsible for the delay of the impeachment process. .> rousseff denies wrongdoing she is accused of trying to hide the scale of the country's economic problems by manipulating government budget accounts during the 2014 reelection campaign. london: recross now to -- we cross now to london. this story has more twists and turns than an airport thriller. so if this impeachment process -- is this impeachment process likely to go ahead? >> yes. it is clear now that it will go ahead. this is a real roller coaster. i think we have been seeing the same kind of last-minute twists every week. and this is an indication and a reflection of brazil's institution of weakness and political -- politicization's. all of this is ma

>> i think the fate that rousseff is nearly settled now. she has lost the support she needed to prevent this impeachment. the development of the removal of -- yesterday as the head of the lower house is a significant move and possibly will help vice preside president, who is expected to take over from president rousseff. has the support of the private sector and he's promised to implement some policies to tackle the fiscal deficit. the problem is he's facing two problems. the first one is whether he will get with him the support of congress. and secondarily the investigation is hanging in the air and it could undermine whatever good willing initial positive short honeymoon could enjoy. everybody will be looking at his cabinet and how much support he's going to get in congress. >> you just said the kuna announcement could help timmer. why is that? because it helps clear any allegations? what is the benefit there. >> because the move by the congress to remove president rousseff by an impeachment, argument against that and kuna a person was le

rousseff was his handpicked successor. now, the senate has 180 days to hold a trial, and decide whether to make her removal permanent. she insisted today she's far from finished. >> ( translated ): we will remain united, united, mobilized, and peacefully. we are those that know how to fight the daily fight. >> sreenivasan: for now, the 75- year-old vice president, michel temer, is acting president. he's promised to cut spending and privatize many state- controlled sectors, but he's also been implicated in the petrobras scandal. >> the most recent poll by one of the country's biggest polling companies put his approval ratings in the single digits and only two percent of the respondents in that poll said they would vote for him for president. so he's really starting with low expectations at this point. >> sreenivasan: all of this, as brazil is struggling with the zika virus. and in just under three months, rio de janeiro will host the olympic games. >> woodruff: now, new revelations about an elaborate scheme of alleged dopin

then the lower house voted overwhelming to impeach rousseff.he speaker following allegations of corruption was replaced by the acting speaker. and the senate committee voted last week to move ahead with the impeachment. a full senate was then going to decide whether or not to but rousseff on trial wednesday then we had yesterday's surprise annulment. a lot has been going on in developments in brazil. keep in mind the country dealing with, what, it's worse recession in 25 years, nancy? >> that's right, louisa. it's getting difficult to keep charge on what is going on. you can read what's next on brazil as the political drama unfolds. joining us here on the set is steven saywell from bnp paribas. thank you for joining us. we did see a big move when the news first came out about the lower house and the impeachment process. and then a bit of reversal as people said, look, this news it could mean a delay in rousseff, but doesn't mean it's off the table. do you agree? >> well, i think the key here is the uncertainty in the market. i think the key poi

the markets have responded favorably to the prospect of the dilma rousseff impeachment.investors are particularly fond of the vice president who would take her place, at least temporarily. he published an economic manifesto to curb brazilian spending habits. he promised to boost private investment, cut spending, reform the pension system, and open up .he oil sector the current political turmoil has highlighted how fractured the parliament in brasilia is an passing reform may be ethical. markus: let's move -- may be difficult. markus: let's move on from brazil to another country in the spotlight, greece. greece does not need to pass further austerity measures to get their hands on more bailout money, according to prime minister alexis tsipras. he was speaking earlier to cabinet ministers after greece and in eurozone countries reached an agreement to unlock 5 billion euros worth of aid on monday. greece needs the money to cover debt repayment and other bills in a june and july. greek debt in -- it has been welcomed in the long-term by a alexis tsipras. today greece is not

rousseff's lawyer welcomed the news. >> why was he suspended? because he used his position to prevent and obstruct an investigation, because he used his position to misuse his power. because he used his position when there was evidence he had misused public money so that claims would not go forward. claire: he is accused of obstructing an investigation into claims he took one million euros worth of bribes. countries -- companies that wanted oil firms -- oil contracts with the state firm, like petrobras. he met with lawyers to discuss an appeal. >> is going to stay here. he will follow the high court judgment. after that, he would decide what to do. now, he is in a meeting with his lawyers to work out how he will appeal. claire: the latest twist in brazil's political crisis comes a week before the senate votes on rousseff's impeachment. if the majority vote is in favor, she will be suspended for 180 days. according to the constitution, her vice president would become interim president. as speaker of the lower house, cunha had been third in line t

.: dilma's a majority of results senate says they will vote to him teach rousseff. the japanese automaker will by 30% of mitsubishi. a shadow on thread needle street. the brexit looms large. full coverage of the last super thursday before the referendum. we speak exclusively to the ceo of intesa sanpaolo. what more can be done to shore up italy's troubled banks? so, welcome to the program. this is "the pulse" live here in london. first thing's first. let's check on the market. overall, we are seeing a lot of european shares on the downside. we had disappointing news in terms of earnings coming from japan. we also had disappointing figures from a cement company, goes to construction. it is the backbone of the european economy. i want to show you the pound. later on, it is the last time we hear from mark carney and the r expectations for interest rates. the last time we hear from them before the june 23rd referendum. a lot of banks are under pressure. now let's get straight to the bloomberg first word news. in mitsubishi motors have jumped by 16% after confirmation it

mark: we are tracking dilma rousseff, she is live speaking now.he says this is a decisive moment for brazilian democracy. aresays what is at stake her achievements of the past 13 years and said the impeachment was fraudulent. she said this reaffirms her impeachment is a coup. more on those events in brazil coming up next on bloomberg markets. we are live in sao paulo after the break. ♪ dilma rousseff is addressed in the people of brazil after lawmakers voted to impeach her. she says the impeachment is unfair and is legally inconsistent and reaffirms her impeachment is a coup. she says the impeachment was fraudulent. is hers at stake are achievements of the last 13 years and she confirms i might have committed errors but not crimes. let's go to sao paulo to our bureau chief. what are her options now? >> she has to step down temporarily for about six months. her vice president will take over the government. from everything she said, she will keep fighting the impeachment and now she has to face a trial on the senate. her political power is now gone.

dilma rousseff had never held platform before she had ascended to the presidency.e are waiting to see what the next steps are. can you push it through congress? that is the big question right now. ff have anyoes rousseef more cards to play or is this a done deal at this point? be and: look, it will extremely difficult task for her to recover any kind of support. she will not have the kind of spending power, she will not be able to sign bills, porkbarrel spending for legislators that are key in brazil to sway be in theemer will limelight for the next couple of weeks and months. having said that, today's vote over the vote overnight was one vote above what is needed to permanently oust dilma rousseff. false move by michel couple ofhe next weeks could undo that small advantage that he gained overnight. scarlet: and finally, i have talked to a couple of people who said that people are celebrating dilma rousseff basically being impeached or with the impeachment trial basically beginning. give us the mood going on there in brazil. are there people celebrating? are there

dilma rousseff is facing what could be her last a in office.nate is gearing up for a vote that would force her out. surveys show her opponents have enough support to remove her from office. her deputy would take over as acting president. it is the opening here in hong kong and the start of the session in shanghai. the shanghai market is open. they are tracking losses on wall street. the hong kong market opened higher but it is pretty flat at the moment. taiwan has turned positive. positive ass turned well. malaysia is weaker. we are focusing on the nikkei today. we have started to see the yen rebound and australia coming off of those eyes that it saw yesterday driven down by the a number we have had of commodity players fall even that crudeave seen price higher. just checking out what is driving that shanghai market down by 1.1% on the open. features were suggesting a selloff but not that tune. we will continue to monitor that in the next hours. just want to share some of the stocks that we are watching today. we are talking about takata search

rousseff will be officially notified later this morning.spend iing -- vice president temer will become acting president during the trial. >>> today's must reads. i went to the ryan/trump summit, the event of the day. in terms of campaign politics. the columnist writing they should agree on economics. both understand that barack obama's seven years of 0-2% growth is killing the american public. reversing that obama economic legacy is essentially the only thing paul ryan thinks about. it is the reality that has made donald trump the party's presumptive nominee and the piece argues could be what actually brings these two men together with a shared purpose and shared policy ideas. because as he argues they share a lot in common with regards to rejecting that obama economic agenda and bringing the u.s. economy out of slow growth which is something we can relate to. >> i'm not sure whether we'll see a deal between them embracing each other today. but i think you have had enough rhetoric out of ryan suggesting he's willing to listen at least and t

rousseff says she will host the most successful olympics in history. >> translator: brazil will show the world what we can do even as we go through this difficult and truly critical period in our country's history. >> experts say rousseff needs to overcome mounting concerns that political uncertainty may affect the games. >>> coffee might come to mind when you think about brazil but the country used to be one of the largest producers of black tea. now a japanese brazilian woman has been working to revive that industry. nhk world's maasia few moto reports. >> reporter: it's this woman's 89th birthday. and she is celebrating with her family. >> translator: thank you and thanks to tea which brings me wonderful things. >> reporter: she was born and raised in registro. the earliest settlers were japanese. they began focusing on tea growing in the 1930s and it became known as brazil's tea capital. fertile soil and a misty climate contribute to the fine conditions for tea. by theolden yea o the 198 the reon produd 1200ons ofea p year mostf i was shipped abroad. but then the brazilian curren

rousseff will remain suspended for up to 180 days. the vice president, michel temer, became the interim president immediately after the vote. rousseff addressed her supporters and condemned the impeachment. rousseff said the crisis is a decisive moment for brazil's democracy and future as a nation. she said she'll fight with all legal tools available to exercise her mandate until the end of her term. observers expect the trial to overlap the olympics in rio de janeiro in august. there is growing concern over how this may adversely affect the games. >>> ethiopians who make leather wear are trying to tap into the market in japan. thee invited to show off their products in tokyo, and using lessons they have had learned from japanese businesses to create a brand that will sell here. >> reporter: historically selling leather hasn't been easy. people in the ethiopian industry are trying to establish a new image for their country by producing quality items. they have flown all way to tokyo to show off their products at one of the japan's lar

a majority of senators in brazil indicate they will vote to impeach president rousseff. >> chelsea blowing the whistle early on their partnership, ending a 30 million pound per deal year at the end of next season. >>> hi everybody. welcome to the show we've got an hour together. >> and lots to cover here today. >> and just hitting the wierts now on the regional central bank coming out announcing that consumer price inflation remains elevated but stronger kona may lead to something from back in march. development haven't deviated substantially at the march 2016 monetary policy reports. gave us the norwegian central bank a couple of additional comments there but by and large the main take way is they are leaving. left the rate unchanged at half a percent. and talking about the consumer price inflation remains elevated. >> and last week they were saying it is the one element that has been a bit stronger than they forecast back in march. h undoubtedly a big focus on oil price as well. whenever they are looking at the forecast going ahead. keep an eye on oil prices and we are getting update fro

it would force rousseff out and into an impeachment trial.ve welcomed the possibility of her ousting. the benchmark index is one of the best performing this year. a globals is emerging market strategist. when you look at dilma rousseff, first of all, is it likely that startss, the process from impeachment today. so this is likely to be the last day. what is the probability of that? >> the process has already started. it started with the lower house. inay we'll have the votes the senate. what we need is 50% of the votes plus one. i think it is extremely unlikely we do not get that foe. she will have to step down -- it is extreme the unlikely we do not get this vote. we do expect she will be in peace by the senate. she will have to step down for a period of up to 180 days. after this, the senate will have to vote again. then you will need a 2/3 majority for her to prominently step down. what is interesting to watch today, it is not whether or not we get a majority of the votes. what is going to be interesting is the marginal victory for the pro

a lot of focus on brazil, where the senate voted to suspend dilma rousseff from office yesterday. --ilma yousef rousseff yielded her position, a brazilian paper decided to give their vote of confidence to the 75-year-old. it is necessary in these times of deep division in brazil between those are that are in favor of dilma rousseff and those were very critical of her. give our confidence to this government because of the moment, until the government we have. they stayed the country must be united if he wants to get back on track and resume its growth. anchor: what are we saying for papers outside of brazil? most papers inside brazil are in favor of the impeachment, it's the opposite for papers outside. most papers outside of brazil are article of impeachment process. let's take a look at the front page of the wall street journal. they are talking about the hard road ahead for brazil, equally, if we take a look at the editorial in the guardian today, the newspaper starts out by saying brazil has got itself into a terrible mess trade is difficult to see how it will get out of it. they

and put dilma rousseff on trial.are joined by our former you have bureau chief, been following this marathon debate overnight. this is been going on for some 16 hours or so. when and how might this end? >> it has certainly been a long night for the senators in the long night for the reporters in brasilia. each reporter it 16 minutes. nearly all of them were making use of that 15 minutes. this will not end until sometime after dawn committee 6:00 or 7:00 local time. the senators currently give a speech. they are not casting votes. they are giving an indication of what they are going to do. we are running at about 35% in favor, 14 against. that was as of a few minutes ago. and local papers are saying we may end up with about 53 in favor. they only need a simple majority. they need 41 to start the impeachment trial. as soon as that happens, if the vote goes as projected, she would need to stand aside. and i think i just saw and local papers that she spent most of the day to date meeting her aides, cleaning out her offic

rousseff is accused of tampering with government accounts to hide a budget deficit. but she has accused her right-wing opponents of fomenting a coup. her replacement has instated an all-white male cabinet charged with implementing corporate-friendly policies. rousseff said the new government is illegitimate. >> i believe we are seeing a new concept with regards to the presidential system in latin america. i think it is a mixture come as military coups are out of fashion. there is a problem for all regimes, like under the presidential system in which there is a fixed state for it to begin and end. amy: el salvador has refused to recognize the new brazilian government that replaced president dilma rousseff. el salvador's president salvador sanchez ceren said rousseff's ouster had "the appearance of a coup d'etat." in spain, thousands took to the streets to mark the fifth anniversary of the indignados movement. on may 15, 2011, the mass movement erupted against unemployment, austerity, the big banks and the political system. , the indignados helped inspire the occupy mo

it was not that president rousseff was taking money for herself.he was trying to present the economy in a better state than it was. it reminds one of greece. not a million miles different than what some of the banks seemed to have been doing before 2008. it was not an honest account of what their financial decision was. this may be the end of a tunnel for brazil. it may be better. this very topical with corruption conference. more broadly, the emerging markets story -- it seems the emerging market stories are saving the global crisis. the growth engine that china -- thatnto producing seems to have crumbled. >> it would also be a worry if we are depending on it to keep the world economy going. now, it is the chinese turn. can you keep your economy going by borrowing? we are now working on a coordinated global basis to think about how we get the flows of capital correct. if we were to do that, the opportunities we have seen in the last generation for development are very high. , ahave had the potential hiccup in the west and a potential for a hiccup

rousseff would face a trial she appears unlikely to survive. in bangladesh, the top leader of the country's largest islamic party has been hanged. was convicted of crimes against humanity during the 1971 war that led to the creation of bangladesh. there's concern the execution could lead to violence. and asian buyers help set records at christie's art aucti on. one spent $57 million on an untitled painting. auction sales are showing signs of slowing down. last night's total of $318 million represents a 52% decline from a similar sale year ago. a day news 24 hours powered by our 2400 journalists in more than 150 news bureaus around the world. datalet's get to the checks very quickly. not much going on. that is what you see a few days after the american jobs report. crude elevated. on to the next screen. note equities elevated. in our next hour, the german 10-year has my full attention. zero, positive 0.113. that continues to grind lower. i notice a little curve flattening in the u.s. francine: tom, this is my board. when you look at a lot of the