that's reflected in the indian rupees exchange rate since the beginning of this year the currency has lost about five percent against the us dollar the government naturally wants investors to stay so the central bank has been under considerable pressure over interest rates it's unclear if raising rates will be enough though even if modi will stick to market economy principles elections are set for next year the opposition wants subsidies to keep rising gasoline prices in check meaning the cost of keeping election promises might endanger other projects. our business correspondent geoff chatted she joins us now from mumbai death rate hike in danger growth in india. i don't think so because the rate hike is not something that is significant as and when you look at the weather will cooperate or what fuels the more what is right now is the lack of bank credit to the bop as they are falling the rupee would tell a lot as you rightly pointed out on the site for some don't value. the january this year in fact in an article is due to the financial times directly and gov. the fed just slowed dow

plus, no respite inside for the rupee.e low, analyst are predicting more pain out there. from hong kong, i am rishaad salamat. >> we also look at beijing ambition, getting ahead of its reality. this is "bloomberg markets: asia." ♪ haidi: investors saying goodbye and may be good riddance to the first half of the year, and for e.m.'s, it has been the worst quarter for emerging-market stocks and currencies, since september 2015. bank of indonesia working on a third rate hike in three months. the problem is, can that even stemmed outflows? rishaad: central banks are talking about that, we had a guest talking about the bond buying program in indonesia. fallen, bonds have also and the question is committed to have any bonds is left to buy anyway? let us find out what is going on market wise, here is sophie kamaruddin. sophie: won it comes to the mood in jakarta, the stoxx has gained about 1%, and the rupiah is under pressure as well. taking a look elsewhere, looking study.yen, it is looking but we are seeing declines for japanes

exodus interest rate is the weak rupee threatening india's spectacular growth. when i was gallup has this is d w business welcome to the european union is taking a hard line in response to new u.s. tariffs the bloc will impose import duties on a raft of u.s. products beginning in july and announced today the new penalties come in response to increases increased u.s. duties on imported steel and many of those took effect is months about three point four billion dollars worth of u.s. goods are expected to be hit by the new measures ranging from agricultural products to steel and whiskey that list could also be expanded with time in u.s. officials say meanwhile fresh official figures show that the overall u.s. trade deficit has hit a seven month low it stands at forty six billion dollars that's set the politically sensitive bilateral trade deficits with the e.u. and with china have widened let's bring in our financial correspondent soon as following all this from the frankfurt's stock exchange only we've talked a lot about the threat of terror on the stage and that

it would take an optimistic person to say the rupee is fine. the rupee is not fine. when the momentum really starts going with rising rates, the stronger dollar, and outflows with em, the central bank policy signaling drawing a line in the sand, does that work? or is it like trying to catch a falling knife at that point? taimur: back to my point, what else can the central bank do if you are faced with capital outflow and pressure on your fx? you cannot sit on the sidelines. particularly when investors are looking at not just india but emerging economies. can't stay behind the curve when indonesia is hiking two times, when indonesia is doing dramatic things. want to differentiate yourself as the bank refusing to follow the global trend. if the rates are going up worldwide, how can india remain an island? it can't. at thewhere looking story becoming one of central-bank convergence again. taimur: they will follow the fed, one-for-one. if the dollar is rallying at a time rates are going up, it will have to go up as well. ecb isdoes what the reportedly starting to conside

turkey and india are among those hit, as the dollar has surged against both the lira and the rupee thisr. the turkish lira has lost over 20%. the reserve bank of india was forced to raise interest rates on wednesday, for the first time in more than 4 years. india imports most of its oil, which is made even more expensive by the falling rupee, pushing up inflation. last month turkey's central bank raised its main interest rate from 13.5% to 16.5% to try and stave off the fall in its currency. it meets again later and is expected to raise rates again. the weak currency is stoking inflation — it's running at over 12% — and becoming a big issue in elections due later this month. translation: i hope this election will improve my income because before i was spending a turkish lira a month. and now cannot do it for less tha n a month. and now cannot do it for less than 400 lira. the reserve bank of india isjust one of the central banks in asia grappling with a falling currency against the dollar. rico hizon and our asia business team in singapore are following the story. good to see you. it is

currency and the indian rupee or falling against the dollar.rly not as much as we are seeing in some other regions but indonesia has been quite proactive, they have raised interest rates couple of times already. they have realise they need to get ahead of the markets and try to prevent it becoming too contagious, but the philippines have been behind the curve and they are paying the price. farmers in australia have warned against a move to stop the export of live animals to the middle east. demands for australian sheep and bmb demands for australian sheep and lamb has been at its highest because of the islamic festival of eid. at animal welfare concerns have led critics to call for a ban. please note, you may find some of the images in this report upsetting. packed on a ship for a three—week journey, this undercover footage shows dirty and distressed sheep being taken from australia to the middle east last year. more than 2000 died on thejourney. when the footage was aired in australia, it shocked farmers like alan piggott. having travelled to

indian rupee, looking at ford's the highest in more than a year.iah contracts not seen at level since december 2015 i had ever rate decision. this coming asked movies is warning about credit risks and oil surges. is ae has more on what i bad news story for emerging markets. currencies,ocks, the worst quarter since september 2015. this tracks that slump. we are seeing some pain across the board. all currencies have been under the gun. baht has been the big loser. the rupee has had a horrible quarter. for very different reasons. the rupee closing in on a record low not seen since november 2016. it is a hostage to crude oil politics playing out. that is india socratic for india. , went to come to the rupiah down 3.5% quarter to date. it's fortunes also tied up with oil. rishaad: thanks a lot for that. sophie kamaruddin there. let's get more on that. our guest is still with us. makengapore, what do you of this move out of emerging-market assets come out of fx? when does it stop? >> it is a great question. asia has underperformed. the one consolation is

this will be positive for rupee.as likely the worst, because oil had stabilized. in india, particularly emerging-market currencies will also be supported. the dollar will not be the only game in town. in the first quarter the dollar was only game in town, it's growth was very strong. it is outshining many other factors such as china growth, even eurozone growth was decile rating. as a result -- decelerating. if you listen to what the ecb policy makers have been saying, they are becoming more hawkish. data out of china has become more positive. been very strong thanks to supportive policy on the consumption sector. as a result, we will see the dollar be supportive for emerging markets. in particular the the rupee and oil stabilization. ramy: i want to bring in the fed. notier we spoke about looking at interest rates, we have to look at the drawdown, in terms of the fed balance sheet. , inwill this impact em terms of what your coverage is? first nominalng interest rates rising in the u.s., which we expect to have a 25

rishaad: short-term you like the indian rupee? craig: yes. is a lot of things being priced in, and the negative factors which drove it weaker, substantially underperforming, these have incrementally become more positive. the highs, the dollar has softened the margin. we have seen u.s. interest rates come off. on the political front, we have already gone through one of the state elections which the market viewed as negative, but we don't have any have -- we don't have any major state elections until november. there is a lack of positioning, people looking at this as a potential currency that will rally particularly if the r.b.i. becomes more hawkish. rishaad: could that be -- enda: perhaps the emerging markets story is done now? hackneyed? are there concerns it is overdone? craig: i don't think it is over. there are responses are trying to address concerns. some of the central banks have been proactive. indonesia is one of the central banks in asia which has been active trying to stabilize volatility. rishaad: they are not out of the woods bec

the orange line is the indian rupee.n see here the agony of 2013 and again, this is a huge gap between dollar denominated brent and buying brent in indian rupee. expensive for india to buy hydrocarbons. francine: i have a great chart looking at the german 10-year yield. it is a chart a little bit different to what we normally do because it is related to volumityity. -- volatility. it measures how attractive or unattractive a bond is after accounting for market risk. it has collapsed to the lowest n a year, tom. treasure secretary steve mnuchin is said to favor a less aggressive china strategy and it seems he has won this ground but trump's economic advisor said the president is not softening his stance. -- e joined now by george what does dollar do from here? >> the market is in risk aversion mode and the dollar tends to do quite well, particularly against emerging markets. if we look further out towards the end of the year, however, i think we're approaching a very important inflection point. the market has priced in a

turkey and india are among those hit, as the dollar has surged against both the lira and the rupee thishe turkish lira has lost over 20%. there are, you can see what it has been doing, the turkish lira. the reserve bank of india was forced to raise interest rates on wednesday for the first time in more than four years. india imports most of its oil, which is made even more expensive by the falling rupee, pushing up inflation. last month turkey's central bank raised its main interest rate from 13.5% to 16.5% to try and stave off the fall in its currency. it meets again later and is expected to raise rates again. the weak currency is stoking inflation. it's running at over 12% and becoming a big issue in elections due later this month. bacteria, sally. thank you. —— back to you, sally. with me is dean turner, economist at ubs wealth management. looking at some of the issues and figures it is quite clear the dollar is on the rise and has caused some chaos in turkey. what is your take on what has been going on? we have to understand the reasons for the rise in the dollar. is it fundamental

on india's measured diplomatic response to the drama well today currency watchers were noting the rupee's fall as it approaches a record low on wednesday the indian currency closed at sixty eight point six to the dollar the rupee's low record low against the dollar is sixty eight point eight percent nearly five years ago along a currency to fall of course as a well known effect and tactic to support exports by making them relatively more affordable in receiving nations with stronger currencies while there's no evidence that the indian policymakers have taken action to cause the slide they are unlikely to make moves to stop it. a raid on the home of an accused former prime minister in malaysia has yielded a record confiscation of what authorities say are ill gotten goods the raid on the home of not g. brazile who was ousted in may is election result in a seizure of goods valued at two hundred seventy three million dollars including the equal of quibbling of thirty million dollars in cash split among twenty six currencies the head of the royal malaysian police commercial crimes division cal

indonesian but the rupee has been the worst-performing asian currency this year.ay is playing a little bit of have been closed and indonesia's were pretty -- rupee of falling, dropping the most since 2016. prompting this information on where to say there's a possibility of a decision next week and the central bank hiking rates twice in quite a short time did not support much of the rupee a. emerging markets more broadly, an interesting story on the bloomberg talking about how some emergingg it is the markets out of the commodity producers and the most to export to china, but those might be the hardest hit, the story talking that countries like south africa, russia, and thailand. you can see at the end of the chart they've seen quite a bit of a drop since the real -- we escalation of the trade tension. and were keeping an eye on very much in focus. today, thetle weaker gdp pain index. the pain index is not as low as it was back in december 2016, which means there could be a little bit more bearish skew and downside, judging by this chart. she was ending with the u.

it's an expensive passion day packs car cost about four point five million rupees or about fifty six thousand euro's that's a hefty price tag for a fancy ride showrooms like this one are thriving here the used car sell for about forty percent less than when they're bought new it's a big draw for customers. in india very few people can afford new the three cars. that's because they're more expensive here than in most other countries but buyers like deepak are already dreaming of bigger things he now wants to buy a luxury sports utility vehicle to better navigate the bumpy roads in remote areas . he stays connected to his roots here in this village in the northern state of hari ana. that's all for business folks watching to buy. such. a. tremendous. tremendous. as he laughs a dance in the shadow of some famous music. the trouble is. stunning time the photo moment. how can he get out. which he could oh a series. five. dollars shift this week on the c.w. . earth home to millions of species screw a home for saving. global ideas tell stories of creative people and innovative projects aroun

it's an expensive passion day packs car cost about four point five million rupees or about fifty six thousand euro's that's a hefty price tag for a fancy ride showrooms like this one are thriving here the used car sell for about forty percent less than when they're bought new it's a big draw for customers. in india very few people can afford new the three cars. that's because they're more expensive here than in most other countries but buyers like dave pack are already dreaming of bigger things he now wants to buy a luxury sports utility vehicle to better navigate the bumpy roads in remote areas he stays connected to his roots here in this village in the northern state of how rianna. it's all for business thanks watching to buy. fresh. where i come from we have to fight for a free press and was born and raised in a military dictatorship with just one to the shadow and if your newspaper says one official information as a journalist i have worked on the streets of many can trust and their problems are all was the same for do social inequality a lack of the freedom of the press. corrupt

it's an expensive passion day packs car cost about four point five million rupees or about fifty six thousand euros that's a hefty price tag for a fancy ride showrooms like this one are thriving here the used car sell for about forty percent less than when they're bought new it's a big draw for customers. in india very few people can afford new luxury cars. that's because they're more expensive here than in most other countries but buyers like deepak are already dreaming of bigger things he now wants to buy a luxury sports utility vehicle to better navigate the bumpy roads in remote areas . he stays connected to his roots here in this village in the northern state of hari ana because that's all for business facts watching to buy. the to. the to. the to. cut. cut. want to be it's all happening. really coming from. your link to news from africa and the world. your links to a section of stories discussions can look some student news actually program tonight from born in germany from the news of museums and while it's a decade of close touch africa joined us on facebook at g.w. africa. a

it's an expensive passion day packs car cost about four point five million rupees or about fifty six thousand euros that's a hefty price tag for a fancy ride showrooms like this one are thriving here the used car sell for about forty percent less than when they're bought new it's a big draw for customers. in india very few people can afford new the three cars. that's because they're more expensive here than in most other countries but buyers like dave pack are already dreaming of bigger things he now wants to buy a luxury sports utility vehicle to better navigate the bumpy roads in remote areas . he stays connected to his roots here in this village in the northern state of how . it's all for business thanks for watching. going to. get. the true and. going to move. they make a commitment. they find solutions. based in stronger. africa and. stories about people making a difference shaping their nation again and their continental africa on the most stories about motivational change makers taking their destinies into their own hamstrung knowing multimedia serious mcquay. d.w. dot com afr

rupee isndonesia, the online after just over a week. it is had a torrid time this year and now. >> it is. the rupee coming online lower, falling as much as 1% this morning and among the worst performers in asia year-to-date. certainly a head scratcher for the central bank and policymakers. i want to highlight the philippine peso, gaining ground. hiked rates, but saying that is not enough. this is treasury yields, picking up and therefore, eroding the assets.een for emerging we have seen the dollar trading around 11.88, the bloomberg dollar index. keep an eye on that. has we are talking about foreign exchange, let's bring in the senior fx strategist at commonwealth bank of australia. tell us what your view is on the dollar and dollar strength. is it set to continue as some have suggested or others have said this is the peak of it? you >> -- >> there is upside risk to the u.s. dollar, influenced by two current themes driving the markets. first, this reemergence in monetary policy divergence that has now moved in favor of the u.s. dollar.

it's an expensive passion day pax car cost about four point five million rupees or about fifty six thousand euros that's a hefty price tag for a fancy ride showrooms like this one are thriving here the used car sell for about forty percent less than when they're bought new it's a big draw for customers. in india very few people can afford nude luxury cars. that's because they're more expensive here than in most other countries but buyers like deepak are already dreaming of bigger things he now wants to buy a luxury sports utility vehicle to better navigate the bumpy roads in remote areas . he stays connected to his roots here in this village in the northern state of how . his family still owns farm land here it's a place where no rolls royce or mercedes will ever dare to venture for a and that's it for me and the business seeing him badly and how do i get us we'll have an update for you in the next hour thanks for watching barbara. greenburg international talk show and for journalists to discuss the topic of the week the malls most powerful leaders assemble in canada the g seven looks to be

it's an expensive passion day packs car cost about four point five million rupees or about fifty six thousand euros that's a hefty price tag for a fancy ride showrooms like this one are thriving here the used cars sell for about forty percent less than when they're bought new it's a big draw for customers. in india very few people can afford new the three cars. that's because they're more expensive here than in most other countries. and we can speak to our correspondent . in delhi now ashish that report clearly showing the luxury car market in the year remaining accessible to the few as opposed to the many economies developing quickly can we expect that to change. in the short term medium term and perhaps long term i would have to say a short answer is no based on the trends that we're seeing you know certainly there have been so many people in the last ten to fifteen years who who have had access to commercial products and lifestyles that their families never could have dreamed of before that's certainly the case there's been a boom and it's represented so well in that story by the

it's an expensive passion day pax car cost about four point five million rupees or about fifty six thousand euros that's a hefty price tag for a fancy ride showrooms like this one are thriving here the used car sell for about forty percent less than when they're bought new it's a big draw for customers. in india very few people can afford new the three cars. that's because they're more expensive here than in most other countries but buyers like deepak are already dreaming of bigger things he now wants to buy a luxury sports utility vehicle to better navigate the bumpy roads in remote areas . he stays connected to his roots here in this village in the northern state of hari ana a his family still owns farmland here it's a place where no rolls royce or mercedes well ever dare to venture a out and that's the business update here and. more to come in the next as you give them the to move the to. the to . the to the to the to. the to. the to. euro. what unites. what defines. the moment trojan horse. what binds the continent to outright answers and stories of climate change. spotlight on people g

what he hates is what the "the washington post", "new york times," cnn, ap, his friend rupe rupe rupert murder docs -- >> okay, i got to get the other guys in. he hate the truth, matt. it's an simple as that. >> i don't know that he always hates the truth. the thing that bothers me the most, which is to say, what kind of person praises a murderous dictator and hisorrible r and s greatbout them -- >> the president of the united states. >> and said well, we kill people too, as he said about putin and kim. and says that the media is the greatest enemy. it's horrific. and someone could say, well it's hi hyperbole, he's saying that and trying to get under our skin. words have consequences, especially if're the president. there are people out there who are not as sophisticated, believe it or not, as donald trump who believes him. i think it's dangerous. he's weakening the constitution that is may hold him accountable. >> matt let me ask you, a lot of what he discuss is projection, is he saying he's the enemy of the people? >> i don't know about the -- we all try to put donald trump on the psy

s docs now sinking to the lowest level in currencieshile em ane india's rupee touching all-time low.hat coming as china's yuan underperforming for an 11th session. and breaking news, as amanda was telling us, billionaire investor ray dalio is taking a step back from bridgewater associates. we will speak with him and about half an hour. until then, let's bring in kathy burton. kathy, we are hearing that dalio is telling clients they could go towards a partnership model. what could that look like? hase: this is something ray been working on for the past 10 years. he is stepping away slowly from the business, and there has been a few hiccups along the way. they brought in some people from the outside that did not work out, people internally have changed roles. this is the next step in that, and overtime he has been giving people more ownership in the company, the senior executives, so that will probably boost to that. expect that six when we interview him shortly he will tell us that -- -- considered to be the people with the highest standing in the firm are the ones that really get to

that's reflected in the indian rupees exchange rate. since the beginning of this year the currency has lost about five percent against the us dollar. the government naturally wants investors to stay so the central bank has been under considerable pressure over interest rates it's unclear if raising rates will be enough though even if modi will stick to market economy principles elections are set for next year the opposition wants subsidies to keep rising gasoline prices in check meaning the cost of keeping election promises might endanger other projects. our business correspondent joins us now. with this rate hike growth in india. i don't think so because the rate hike is not something that very significant and when you look at the weather will cooperate the sector. fuels are more what is right now is the lack of bank credit to the bop as they are falling look even to law as you rightly pointed out on the site for some don't value. the january this year in fact in an article as do the financial times directly or governor. was the fed ju

will be exactly the same conclusion even if denmark loses to france which is possible because the rupee and swap playing australia are not willing to go easy and they will put up a fight as many pundits have been predicting against the man from the land down under so obviously the game is starting in less than two hours we'll be bringing you all the live updates as it goes and i'll also try to speak to kasper smikle after the game. thanks very much i can see whether history will repeat itself many thanks. stay with us throughout the day for our welcome special coverage with plenty of action to look forward to on day thirteen on the prospect that argentina might just never live text updates on our website. now let's get back to the news that's been breaking over the past couple of hours artie's correspondent paula slayer has been denied entry to ukraine she was stopped at the border as she was heading to a human rights conference dedicated to press freedom she's currently stuck at the airport and here's what she told us earlier. i'm sitting right now in need a pata knowledge here and i d

it has made for and investors to true interest of the rupee has fallen to an all—time low.wn since january. this will impact and in a very big way. the first impact will be on the higher oil import bill and india imports on the oil and this will impact this. the second will be on will impact this. the second will be on inflation here and that's with a central bank is extreme and nervous. they do have cash is to stem the slide and they have been intervening in the markets since april there have not been able to stop the com plete have not been able to stop the complete side of the rupee till now. french magistrates have charged them with funding terrorists and endangering lives in syria. its subsidiary broke internal rules and here's more. the global giant employing 80 dozen people. —— 80,000. now it's french unit is underformal 80,000. now it's french unit is under formal investigation into allegations that paid millions of dollars to militant groups to keep the factory open. it has also been charged with endangering the lives of employees at the cement plant. the charity i

women he's supposed to support the whole family but shabana says he doesn't she doesn't get a single rupee from him. i trained as a nurse but i can't do it because i don't want to leave my kids alone. well so i learned how to sew. because with that i can work from home. once a week and goes with her youngest son to the women's center. ship on a can too much about her husband marrying another woman polygamy is generally illegal in india but for muslims there's an exception made that dates from colonial times muslim communities are allowed to regulate their own personal affairs when it comes to things like marriage divorce and inheritance women's rights activists like jamil and the shot hope the supreme court will decide that this violates the constitution. since independence equal rights have been in shrines in the constitution and they're supposed to be a uniform family law our politicians have playing with us agency playing with the lives of these men these that minority women knocked on speed they had not cared for because there is not a body. sharia law is still in place in the muslim a

won by the americas indeed the same could be on the rupee european side to this is the in pile of norms if you should not thirty five we should not leave these in piles lawns because we're living with it in a very good way now but if the trumpet ministration indeed perceives we have both a secondary sanctions and the tariffs the things the european union will be able to maintain the american restrictions and the restrictions that were earlier introduced against russia or didn't do you think that all those two issues that come back to it i don't think these are cookies over make these are just three completely different issues the the trade new issues with europe this is one economic issue the iranian issue this is a political issue and the sanctions against russia is also a political issue they are not connected but it will be easy to use the american situations. which is. monitoring all distinctions and they have real problems because they're a little bit understaffed and they have real problems to find the right priorities to again i think what this is needed to. defend the internatio

the recently the boeing against the walls it is won by the americans indeed the same could be on the rupee european side to the city in piles norms if you should not thirty five we should not leave these in piles of norms because we are living with it in a very good way now if the trumpet ministration indeed perceives we have both a secondary sanctions and the tariffs do you think the european union will be able to maintain both the american restrictions and the restrictions that were earlier introduced against russia or didn't do you think at all those two issues are connected i don't think these are confused over make these are contradictory could be different issues lead to trade. issues with europe this is one economic issue the iranian issue this is a political issue and the sanctions against russia is also a political issue connected to but it will be to use the american situations. as they have real problems to go. as the little bits on the stuff that they have real problems to find the right priorities to again i think what does need to be fayne the international system will some n

the indian rupee has fallen to a record low against the us dollar.suffered as a result of rising oil prices and investors have withdrawn funds from the country throughout the year. meanwhile, the us dollar is set for its best quarter since late 2016 as the central bank continues with its policy of increasing interest rates. the us supreme court has shut off a key revenue source for labour unions, ruling that public sector unions cannot charge non—members fees to fund collective bargaining. the 5—4 ruling overturns a four—decade—old precedent and deals a blow to organized labour in the us, a traditional pillar of the democratic party. now, tech giants apple and samsung have finally settled their seven—year—long patent dispute, bringing an end to a long—running battle over the design of their rival smartphones. the fight first started in 2011, when apple sued its south korean competitor for more than $2 billion, claiming it had "slavishly" copied its product designs. sarah toms joins us now from singapore. this has been going on for a long time! a long

be 500he moment it would rupees two 800 ub's.t's a lot more than your average pay tv, which is three dollars, four dollars, five dollars, more in line with high-end tv. netflix has countered that it is similar to high-end movies. the biggestne of hurdles. it's something read hastings has been asked about, something that executive tips -- executives, analysts have said that netflix will have to lower its prices. netflix has been steadfast. they say they have a one price fits all model, given patricians and currency, and they do not want to change that. right, lucas shaw for us in hollywood. bikely, the crowded sharing market. is now worth $2.5 billion. the ceo told bloomberg from shanghai how his company stacks up against the competition. believe we have definitely surpassed our competition which used to be much bigger than us, last year. >> where do you see how a bike going in the future? >> we do not want to be limiting sharing, to only bike but bike sharing is a very important sector for us. once we feel we have enough user bas

so five thousand rupees us about one hundred twenty dollars so how did these men would bore you trick louis madi gave us jealous. god gave them the little about the god he gave madi got him a complex dog but so do plenty nice accomplish them blushing accomplish. the most. urgently in a god but that the moon did it got it got appears that the aadmi modoc will get the prize a. vessel but a limo did they retook. bryde trafficking is relatively new in india it has emerged in just the last two decades his story and well much of our team believes that it's driven not just by the growing imbalance between the numbers of men and women in rural india but by the new technology now available to families with pregnant women. shot one itself as a consequence six elective abortions that have been practiced at least for the last twenty twenty five years it began with. amniocentesis which was meant for determining genetic disorders as part of that test one of the things that the test revealed was also the sex of the unborn child. and if these tests reveal that the unborn child is female abortions are

relief for emerging markets, the indian rupee hitting a low as rising oil prices. president is not retreating on china. it is the real world impact of trade battles. david: welcome to "bloomberg daybreak" on this thursday, june 28. this is a red letter day. alix steel is following soccer. alix: i totally surprised david this morning. i clicked on an article in the bloomberg. it was about soccer. david: it is quite a big deal. alix: you should have heard the newsroom yesterday. we are seeinghat and soccer, let's take a look at markets. s&p futures trying to hang on. -dollar stronger. a bazaar dollars session. stronger on the day, then weaker. 10 year yield pretty much goes nowhere, and crude going nowhere as well. high,g at a 3.5 year rippling through the market. david: you will tell us all about it. alix: you know it. the morningnow for brief. u.s. personal consumption numbers and gdp growth last quarter. at 1:00, the u.s. treasury selling $30 billion in seven-year notes. the, the fed releases second part of its bank stress test. that is when we learn how much capi

and i'm going to vote on it and used to be you have got it dead it can definitely get in thousand rupees in a bun is what farmers are worth for a living. or a living income but this is something which the government of india has to do because there's no other option you have like everything in this country and nothing as a book and the next nobody the best of countries that base your automatic up there their farmers are surviving not because of hyper activity of yes and i mean because of that message government support including that income support so in india also farmers not need that it didn't come support farmers have been producing economic events for the country it is time that the country is back i just know thanks for your thoughts on that given the sharma that. a loss a linked group in the southern philippines is expanding its presence just seven months after its fighters with defeated following a siege in the city of mar our group is now recruiting children displaced and often by the conflict jamil and organ reports from our city. in the bring him is fourteen years old and live

the indian rupee and rand fell today.e seeing tremors and , talkingank divergence about tightening and markets having trouble with their currencies. mark: geopolitical gyrations have been a rude awakening for complacent financial markets. that's according to our next guest, gene frieda from pimco. -- iins us with our latest want to question you about the turkish lira. -- has it stopped around today's rate hike? gene: it is sufficient to stabilize the situation. when you look across emerging markets and look at the countries with weak balance sheets, turkey is front and center. this is way overdue. given that the central bank needed sanctioning from the president, it is still not clear whether that policy stance will continue beyond the election in july. yr.: 2017, another good it's all happening. is there something in the air? should we take away too much from this? companies weual wouldn't cast a wider dispersion to again against. gene: up to today, that's probably been right. it has been a traditional response to a stro

in india, the diamond company repays the state-run bank in rupees. >> if it's working currently. >> rightin january, some representatives went to the bank and said we wanted to do this thing that we have done many times before, can we get some letters of undertaking for this. the bank, something had changed, the employee structure had changed. a new employees said that is strange, or sure we just need some collateral. the people from the diamond company are like well, we don't -- do thatve never had to before, take my word for it, it's fine. >> right. they start to dig into their records and look into the bank database and look at and theof undertaking, international swift system used to transfer money from country to country, and the two don't line up. -- dig, at, at first you get this $44 million number that at first when out, and then it becomes national scandal. the story comes out. the finance minister testifies in the spring, this is actually up to $2 billion from what we have dug into. we have denials from the companies, or from the lawyers representing these men. is pursuingation

thousand and fifteen two thousand and sixteen and yet if northern new mechanisms are put in place of the rupee level now the next rise is that the divisions between countries could of course borson and that would be a big problem for for for europe well thanks very much for sharing your analysis with us and in europe as a dairy from open year thank you. well now the afghan president says the head of the pakistani taliban has been killed by a u.s. drone strike on a low was responsible for a number of high profile attacks including the shooting of schoolgirl malala yousafzai in two thousand and twelve jennifer glass reports. mullah fazlullah was at the top of pakistan's most wanted list as leader of the pakistani taliban he planned attacks including one of the school impish our in two thousand and fourteen they killed one hundred fifty one people many of them children. two years earlier he ordered the murder of schoolgirl malala yousafzai she was shot in the head on a school bus by taliban fighters but survived and was later awarded the nobel peace prize those who met mila first listen he was ru

rupee,ooking at dollar 67.50, 10 year yield pulling back from the level of couple of days ago.ave a look at majors right now. two things i want to mention. euro-dollar, big drop across yields in italy on the back of comments from the finance minister about staying in the eurozone. a big dip on sterling on the back of that surprised contraction in manufacturing. 133.60, really comes down to the fact we are trading near those lows from about 4:00 p.m. asia t yesterday. here is a look at the risk radar, if you will. we are watching on yen one, top right of your screen. if that starts to point out, we are in trouble. at the moment, fortunately risk indrs are pointing to risk sentiment remaining robust. it depends on the news of the meeting. speaking of south korean markets, here is a 30,000 above view of the markets. we could argue there is a risk premium built into this market. the other story i want to mention, which we will talk about later -- if you look at this side of the screen, that has been revised lower as far as estimates are concerned. you do understand why it is the ar

the overall indian rupee at a record low. vonnie: lots more. amazon is buying pillpack, an online pharmacy that offers presorted doses of medication and home delivery. the stocks of groups like cvs and walgreens plunging. we are joined by michael cuggino , the chairman and portfolio manager of pacific heights. i know you don't own amazon but i am curious what this means for the company and also not just the cvs's of the world but -- amazon has the potential to disrupt any injury -- any industry that he gets involved in and i think that exists here. some of the stocks being down is a bit overdone. i enough familiar with pillpack, so i am not sure what the long-range applications are but to the extent amazon does get involved, there are so many complexities and quirks to health care in the pharmaceutical industry and the itrmaceutical managers that is going to take a while to understand and be successful in the industry so i think the players that of already -- that are already there have been knocked down more than they should have been on this

if somebody intended to forty five and twenty can forty five lakh rupees that's up to seventy thousand u.s. dollars for one fix and i tell myself that i'd like to place money on an england match. fixing for india and england definitely just working on. blarney to fix all this and yet working on it. the fix will be confirmed only at the last moment just before the start of a test match between england and india. one of the four i gave the order to even each match. the effort to get dirty and then match is going to start with. this eight only in mourning. but fish have. elsewhere in them by a meat house second match fixing up in morris he tells me about another kind of fix he's carried out in india and sri lanka. working on the canal doing the that keeps the rest. of it he. is morris his business partner they brought groundsman to dr cricket pitches to favor are the bowlers batsman how much you pay. for a groundsman that's eight years' salary for fixing one test match. between children . with this reform view. will be just a pitch for photos means bats will get out more quickly and the m

it is going to put the rupee a iyah in line -- rup with fundamentals.are holding pact where they were. let's get back to the bank story. the senior multi-asset specialist at bnp paribas is still with us. this particular deutsche bank story aside, when you look at the broader european bank picture, you were more positive on the future of their earnings. steven: we are. this week in our flagship markets call at the bank, the title of the call was including european outlook. we think there are strong opportunities with european equities. we broke this down from a sectorial perspective. what we like very much in europe are financials and energy related stocks. financials, we have a strong view the ecb will be hiking next year. maybe more than what is priced into the market. curee a steepening of the -- curve in europe and we think that will be positive in the financial sector. the other sector we like is the energy sector. that is clearly related to the rise we are seeing in commodity prices. we think oil prices will also help that sector. matt: let's talk

and an invitation also has been sent to all the rupee and partners with them into reigning in for a conference on illegal immigration will be on the first half of the next september twenty eighth teen this conference will deal with illegal immigration through italian clear cut vision. we stressed that this conference would be a solution to the illegal immigration that libya has suffered from a lot and for too many. years like italy or even more the italian authorities have been always supporting us in this regard and we also confirm and i stress that the europeans all the opinions and most agree on such matter what we in libya have our own vision in this regard. but. we welcome as of today with these proposals and on thursday we'll be talking about it at the european council. the and we want a conference in tripoli on immigration because obviously the libyan problems have to be confronted and sold in libya and in not in other situations or european capitals we would just like to add also that on thursday in brussels we were totally in agreement with the libyan authorities. that in the south of

in the last two weeks, we have seen pressure on the indian rupee, pressure on the indonesian rupiah, currencies have stabilized. even with the fed raising rates probably in june, a high probability that the markets are correct in discounting at least the further to rate increases by the fed this year. asiang pressure on the currencies and the asian markets is probably now behind us. plus, in america, there's a raft of issues. i do think the the argentine central bank has taken decisive act in -- action and stabilizing the peso. brazil clearly has that ongoing challenge when dealing with its fiscal deficits. and this big selloff -- fiscal deficit. and this big selloff we have had in bond yields is a major issue for the economy. we have seen the weakness in the brazilian real. we had another leg down to around 3.85. the risk in brazil has certainly increased. mexico, we have the nafta issue, plus the election. and if we do get mr. lopez over a door as president, which is highly likely, i think investors exitprobably quite rightly capital positions for mexico. the recent weakness in the

four women he's supposed to support the whole family but she says he doesn't she doesn't get a single rupee from him. i trained as a nurse but i can't do it because i don't want to leave my kids alone. so i learned how to sew. because with that i can work from home. once a week and goes with her youngest son to the women's center. shabana can't do much about her husband marrying another woman polygamy is generally illegal in india but for muslims there's an exception made that dates from colonial times muslim communities are allowed to regulate their own personal affairs when it comes to things like marriage divorce and inheritance women's rights activists like jimmy. hope the supreme court will decide that this violates the constitution. since independence equal rights have been in shrines in the constitution and they're supposed to be a uniform family law. our politicians have playing with us agency playing with the lives of these women these that minority women that knocked on speak they had not cared for because there is not a body. ceria law is still in place in the muslim area of hyde

." >> thanks for ruping my monday afternoon, because i was going to take my new canoe to central park. >> can you imagine us in the same price, conspiracy theories. >> yes. as you know, michael cohen ask the a federal judge to prevent michael avenotti from ever coming on this program again. he cited in his pleadings things that michael avenotti has said on this show that should never be said publicly and asked the judge msure that michael avenatti can never, ever come on this show again. you knew about that? >> i knew. i assume it made mr. avenatti agree right away he would never come on your show again and apologize? >> no. >> yeah. >> so this is the weird thing. this is the first time i pers i booked him last night on twitter as soon as i saw that happen. he immediately accepted on twitter. so michael avenatti is going to be on this show tonight. >> gag order. smag order. >> turns out there's reason to suspect that when michael cohen was in law school he was not taking notes during the first amendment discussion. it might just be that. i don't know. >> or he forgot since. you know,