rupee is the asia-pacific markets worst-performing currency.ct is hoping for a turnaround with lower-priced handbags. to narrow the spread of prices between the 10%. probably needs to kickstart growth after the lowest growth year in china and the strong dollar. chinese conglomerate h&h is buying the world's second-biggest airline. it will pay for the swiss-based game group holdings. at a 20% premium to its friday closing price. it says it plans to do list the company if the offer is a successful one. chinese electric carmaker has the buzz created by tesla's new model three. it will focus on its image of the next two or three years. it is hoping to gain better recognition of its technological advances. byd unveiled its latest model on monday. produceralian dairy was apparently caught up in an official chinese crackdown on imported food. what has changed in china and why is it affecting this company in this way in particular? >> on april 8 china changed the rules about importing food and consumer goods. arriving in the arrival halls and airports.

the rupee has lost half its value over the past five years. for official trade figures out of china, analysts expecting a double-digit export growth. this is "trending business". ♪ you shouldn't have to go far to get the help you're looking for. that's why at xfinity we're opening up more stores closer to you. where you can use all of our latest products and technology. and find out how to get the most out of your service. so when you get home, all you have to do is enjoy it. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around. great time for a shiny floor wax, no? not if you just put the finishing touches on your latest masterpiece. timing's important. comcast business knows that. that's why you can schedule an installation at a time that works for you. even late at night, or on the weekend, if that's what you need. because you have enough to worry about. i did not see that coming. don't deal with disruptions. get better internet installed on your schedule. com

. >> you may get 500 rupees a month. the agents promise you to get $800 a month. i would consider moving there to get a job. >> we went to a tea shop and word spread we were looking for people who had worked on bases. it turned out this man serving tea, had worked in afghanistan, for supreme , working for nato. >> whether they made it to afghanistan or not, everyone had a story about how they had been cheated. this man paid $3,000 for 3,000 to an agent, for a job in afghanistan but when he arrived he was told he would be working for a much lower salary. at bagram, the largest u.s. base in afghanistan, worked for echo log, the same company robbie had told us about. one of the most prominent subcontractors, working on flor floor and dinecorps contracts. it's public health controlled on fear. the fear of losing the job and the fear of losing the job is because they are in debt back home. losing the job is like you're coming back to shame and debt and what my future after that? you're here, you, i own you, and you work here or if you don't want to you go back home. bu

two, they have euro-rupee exposure.hen you have companies like the manpowers and some of those companies not doing well. i was talking to the cfo of jda software, just a $500 million revenue company doing a great job. so it is not about size. it is not about sector. it is literally about ceos and cfos making companies currency aware and holding them accountable and accountability is going to come from the analysts and investors. >> we'll see if those companies get a pass for missing on the strong dollar. we know you'll be here to tally the damage, as always. thanks for joining us. >>> still to come here on "worldwide exchange," new poll numbers show donald trump has a big lead in new york, but he's still outraged this morning. we'll tell you why. >>> but first as we head to break, here's today's national forecast from the weather channel's kelly cass. >> good morning, sara and wilfred. we need the umbrellas for many towns and cities up and down east coast. it is pouring in some of these areas from boston to hartford, ri

alerting police if you text and drive, all >>> a pastry shop in concord didn't let a balloon thief rupe its opening celebration. alpine pace pastry and cakes said someone stole their bloop arch. this afternoon a neighbor reported spotting the balloons and they have been found. the shop just opened yesterday. >>> a coffee shop in nevada county is making a name for itself and not just for their lattes. the collection of thousands of legos are putting what's up coffee shop on the map. to keep the lego collection growing, anyone who brings in legos, old or new, will get a free drink through thursday. >> a fastfood giant is experimenting with offering all you can eat french fries. customers of mcdonald's in missouri can enjoy unlimited fries. they can get customized sandwiches and burgers at a kiosk. the franchise in st. joseph is set to open in july. >>> gray skies there? here we have warmer weather. >> unlimited fries. challenge accepted. live doppler 7hd, it is spectacular end to the weekend. sunshine out there live doppler 7hd has an easy job today. let's go outside. a live look from the

and it rupes the look of a community in many cases, especially if it's not artistic. i know this is wrong but there's a big part of me that makes it feel so right. >> that's the gorilla side of you. that's why laws are in place. >> it now starts a bigger conversation because people are feeling like the laws aren't taking care of what needs to be done and people are taking their community back and going out and doing things like this. >> there's some graffiti art out there that is really amazing. >> but i don't quantity it on my building or in my community. put it in a gallery. >> people are on both sides of it. >>> this is a terrible day for commuters in egypt. check this out. this big truck overturned blocking the road. people are walking up to it. but see how wet the road looks? >> oh, is that a tank her? >> that is a tanker and that is fuel spilling out of it. >> why are people so close? >> great question, oli. this guy over here gets super close to the tanker. >> it looks like he's trying to spread out some sort of drying agent. that looks like sand or kitty litte

that is the critical point on the rupee. little immediate reaction there in terms of the rupee.nna: we previously heard from the indian government committing to fiscal consolidation. liquidity is a crucial factor here as well. we are looking out for any comments there. something of an issue of late. we will get some analysis on that in a short while. that is get the bloomberg first word news. bank's says reserve the aussie dollar appreciation could complicate economic adjustment. that came as it held on interest-rate for an 11th month. yossi was the strongest performer among a group of 10 currencies soaring more than 7%. credit suisse ceo has told bloomberg television that the global financial system feels they for thanks to banks raising capital and deleveraging. he says it is a great time to invest in the region and he is confident in china in the medium and long-term. track toisse is on double its profitability. china may approve a plan to make it easier for banks to convert that into equity. -- debt into equity. yuan.illion people in iceland have taken to the streets to expr

army, the religion, or a political personality, they will be imprisoned or find up to 10 million rupeesyou just put a tape on their mouth and do you expect them to do journalism and it will not hired aecause they have team of i.t. experts and they will control everything that goes online, on air, on any line, telephone and anything. melinda: interesting that they use cyber methods to do it. they see the internet as a major threat. you said in your opening statement, blogging is a best way to resist authoritarianism or majoritarianism. why is that? say the iraq war was the context when blogging came to the picture and was really powerful for many years. now, blogging is replaced by twitter on social media. i think people are leaving social media two channels that are more private where you can be less visible, less vulnerable to persecution. blogging is a great alternative to classical media however, it is also being threatened again. good enough that people are creative in trying to resist this oppression. melinda: let us take a closer look. in tunisiabloggers has become the face of the

he rejects gay marriage and rupees the church's position that same-sex unions cannot be equivalent to marriage between man and wife. the pope also signals a possible path for divorced catholics to receive holy communion writing the eucharist is not a price for the perfect but a powerful medicine and nourishment for the week. on contraception, he stresses it is the couple's individual decision. recognizing the complexity of a global church, the pope pushes decision-making downward to bishops and priests saying they are better suited to seek positions for their local needs. jummy: we want to get to breaking news out of prince george's county where a daycare provider has been arrested in the death of a nine-month-old child in her care. manning is us charged with first-degree murder, assault, and child abuse. this happened in december. the infant was dropped off at her home. a few hours later, manning called 911 saying the baby was unresponsive. and all caps he said the child died of blunt force injury to the head while in her care. we want to get a check of the forecast with chief meteor

or rejecting the appointment of christina rupee to the term. >> director rupee could not make it herees, if you have anything to add, if not we can open up item three to public comment. >> ♪ please let the reappointment be ♪ ♪ let it be ♪ let it be ♪ there will be an ♪ reappointment ♪ let it be >> thank you. thank you. any other members of the public on item three? public comments close. do we have a motion on item three? >> i'd like to make a motion that we reappointment to the municipal transportation board of directors chris rupee. >> seconded by -- supervisor mar and take that without objection. thank you very much. >> thank you and just for the public, those are recommended as amended to confirm. >> exactly. thank you. all right, item five, please. >> item number five si hearing to consider appointing two members terms ending april 10th 201 2017 and march 10th. >> we have -- if any of you are here, please come forth and make a presentation. when you come forth state your name. >> amy landgraph. i'm amy land graph, i have the great privilege of managing the contracts one of which

i think there is a little more room for -- and we are short the rupee as a result of that.process moving at a slow pace. he is having to focus more on the rural farmers. is there a compensation process that works because of what's happening with structural reform? >> it is difficult to make that argument to be honest. in india's case, the governor has made that point consistently. you need government reform in order to bring inflation down. i don't think he is compensating for it. he is getting lucky for the the fact that -- oil prices. these are the two variables that he has been given an opportunity. i don't think he is compensating . i agree with him. if the government was to reform and spend construct ily, it will bring inflation down. therefore inflation will come down over the medium term. if the government is not able to do that, it is more limited. i don't think they will compensate for it. i think the reform iny and is absolutely crucial. there are so many people invested in the indian equity market. india is at serious risk of squandering its demographic prime and

our annual budget quad rupe he would, just the impact on the city has been so great.17 years of partnership with lots of amazing people to build the ballet as a company, as a community engagement, organizations, a school, it just seems right to pass the baton on. i'll still be living in washington, d.c., but i'll be focusing on being a choreographer full-time. i'll be working all around the world, in australia and istanbul and capetown. >> come home to washington every now and then. this opens wednesday, right? >> it opens wednesday through sunday at in us. aaron? >>> wall street. the nra. they're powerful. they usually get their way. but not with democrat donna edwards. she won't take cash from wall street banks. and when washington insiders wrote a loophole to let the nra spend dark money to kill gun safety laws, donna edwards said 'no' she's fighting to ban assault weapons and putting the safety of our communities first. because to democrat donna edwards, the special interests aren't special. we are. working for us pac is responsible for the content of this adverti

the rbi said monetary policy will remain, quote, accommodative, sending the rupee lower. so quite a bit of central bank activity. glancing at what the fx markets are doing at the moment, the euro-dollar sitting around 1.1360. a little bit of selling taking place in the euro. but let's not forget where it's come from. 1.05 and a bit from december. central bankers giving all kinds of commentary at the moment, starting with the u.s. and what's going on there. yellen seems to be speaking from a different hymn book than some of the other policy members. >> marginally. i think they're trying to manage. i think the underlying story at the fed is the economy is trunding along, job growth of 2% year over year. enough to keep the economy growing at 2-point-something. enough to keep incomes rising faster than consumer prices but not accelerating anything. and the fed is watching the markets and the markets are watching the fed. i don't think they'll raise rates twice this year. i think they'll only get it done once. they're still incredibly timid. i think timid because of markets. >

. >>> up next at 11:00 -- ruping essentially. >> students getting a criminal record for these 30 seconds in the mud. just ahead, why the school district says it's not their problem. office for bad behavior is one thing, but at certain schools >>> getting sent to the principal's office for bad behavior is one thing, but at certain schools in the bay area we discovered the punishment for kids can be a lot more severe and can lead to your child getting arrested. >> we continue our investigative series on how a school district's policies or lack of policies are giving children criminal records for what some consider child misbehavior. >> reporter: guys, our reporting revealed that certain school districts in the bay area are calling police on their students a lot more often than even some of the largest school districts in our region or even the country. after months of avoiding our questions, one of those school districts is finally talking to us. they say kids on their campus are not getting criminal records. but as you'll see tonight, that's just not true. >> right here i was probably run

mutual assured destruction pact they're making if they decide to do that because if that -- that rupees the chains of whoever does gett. >> you have to assume they understand that if he does that, there's virtually no chance of a republican winning, or no chance of donald trump or a republican winning because the number us aren't there his unfavorability numbers overall. his favorability numbers are 24% across the nation. >> would be mutually assured destruction, about 45% of primary voters say they're willing to good that route if he is in donald trump's words, not treated fairly and that's the term he continues to use to say, if i'm not treated fairly, then we'll see about -- by at the delegates, by the party, by the convention, if it becomes a contested convention we'll see what happens. not saying what that what-if is. >> you wonder what these discussions behind closed doors with party leaders that were supposed to try to smooth things over, donald trump saying he wants to be the uniter to bring the party together. those sound like words. and little more. given his new statement, it

my travel to india i refuse to accept rupees in bad condition. it keeps getting weirder. and somalia the opposite was happening. money was no -- with no legal value was driving to the currency of choice for small transactions with the somali shilling which was not legal tender. dollars were used for larger -- to go along civil war at the central bank bank of someone he had shut down. a transit -- transitional government was responsible for monetary policy. from a legal standpoint at the time the somalis showing the same legitimacy in monopoly money. and that's money. in that sense at least have been issued two decades earlier by a government that no longer existed and the economist noted the use of paper money normally takes an expression of faith. the somalia case there was effectively no government. the currency just pieces of paper marched steadily on. why? the short answer is people except somali shilling's because people looks at the somalia shillings. the shillings were useful as a medium of exchange for small transactions. the somalia's reese to buying tea and brea

is there anywhere else in terms rupee had four straight months of a rally. will they tolerate that kind of a rally? is it all down to the fed later? >> the backdrop is two dominant factors. the pullback from the fed and china. the fact that we are in a situation where some of the flow of data from china looks to be stabilizing, but more importantly, the fx story is conducive to improved risk white thethat is dollar is playing a big role as well. manus: stay with me. we have a lot more to get through. let's set you up for the day ahead. in less than an hour, we'll get the final reading of german inflation. inflation figures for the u.k., as well as ppi data. the imf issues its world economic outlook ahead of the spring meeting with the world bank. we also have three fed reserve presidents speaking at various events. patrick harker, john williams, and richmond's jeffrey lack a -- jeffrey lacheker. ♪ very: it is 1:18 in a foggy hong kong. the hang seng is a quarter higher. it is 6:18 in london. we have rishaad salamat, good morning. lvmh's sales trailing estima

>> 150 rupees. >> reporter: that's about twoou dollars and fifty cents. the magnificent sandstone buildings in delhi, from which government officials govern mayf seem a world away and aloof from the suffering and labor of miners in rajasthan. in fact, india actually passedac laws decades ago to protect them.ec there's a wide gap between what's on paper and the ground reality.wi here the combination of officiaf neglect, social indifference and poor education insure laws arend rarely enforced. this mine owner insisted that he makes masks and helmets available. >> ( translated ): they just don't wear them. they don't like to wear them.>> >> reporter: why not require them, i asked? "they'll just leave and go to the next mine," he saidteas for their part, workers said they sometimes used masks while drilling, but in the blazing hot weather, they are suffocating >> it's impossible to breathe in them.e we cannot breathe when we wear them. c >> reporter: a few mines now do require workers to wear masks on certain jobs.e this one mine is run by jeevraj meghwal, wh

rupee? krona, kroner. i don't know. francine: we are going to get ou on currency camp. let's do it on -- tom: good morning to all of you watching in poland this morning. let's this, this is the optimism chart. we will do this with david medical paff in the upcoming hour. this is i'm out of a job. i've got to get claimed by a state to the number employed. the ugly necessary recently, d vonnie, here's what killed the destruction in the 1980's. this is about an america that is employed. and we are paying severe prices or will be. tom: francine, what do you have? francine: well, i got briefed by currencies and got this from jane foley who is on set but them the elling white line and the green line, so you're seeing an inversion, and for the fist time, tom, since 2010, all of the transparency paras, i chose sterling, are more with price swings over this month and in the rest of your career. she is senior currency strategist at the bank. thank you for joining us. we need currency help. we are going to see a lot more volatility because everything is bench marked. >> the eu ref

if you look at the indian rupee, it is strengthening. more profitable over the last few years. david: a little arbitrage on interest rates in those were some of the top stories crossing the bloomberg. coming up next, we will have breaking numbers on housing starts in the united states. ♪ under an hourjust away from the opening bell and sheila there will be joining us to talk about banks in the living wills quandary. we go to matt for some breaking news. i try to cover as much as i possibly can. we had housing starts coming out in about an hour. this goes back to 1996 and we are at levels we have not seen since 2008. we are looking at a disappointment. point -looking for one million but it's lower. housing is had a rough time and there is a lot of housing data out this week. we've got holding permits out which are lower than the street was looking for. we were looking for 1.4 million and only got one point 806. you only get a building permit if you plan on building a house. that's good for the economy. it's a good forward indicator of mis

isess to cap rupees .ncredibly important we have yet to see it brought to scale.our point is well taken and i thank you for the point. he is on the, that line. go ahead. caller: thank you for letting me beyond. i appreciate c-span. i am a business owner. being a business owner in the midwest, we do not start our businesses with much capital. i am a cosmetologist. when i started the business, i started with a very smallbeing t of money, just enough to start the business. i could not borrow money. i did not have the capital, or whatever to borrow the money. i had to start, and i have had to work hard all this time. guest: where did you get the money? aller: i had to borrow from bank. i could only borrow a limited amount because i did not have a lot of capital. i have been in business now for 46 years. i'm not young. i am 74 years old. i'm still working because i cannot stop working. out here talk about -- in the midwest, we've this in a completely different area, a a lotent need, probably of people would say we live in poverty level, but we are not. host: all right.