and probably those vested interest is to get rid ofjacob zuma.terest means that the state is core in relation to what the economy has actually been to the poorest people, must continue to be perpetuated. the zuma government that is leading is the one that talks radical economic transformation to intervene in the interest of the poor, to ensure we redistribute land and our people become the primary beneficiaries of that particular programme. thanks to the reshuffle, you are now police minister. south africa has a terrible problem of internal violence and insecurity. i am wondering whether it was useful and wise for you in one of your first statements as the new police minister to talk about instilling new levels of fear in criminals, telling the police that if they are approached by violent criminals, the police should outgun them, "meet fire with fire". "you are not given your guns as toys," you told the police. is that really the best way to address south africa's massive insecurity problem ? that is probably the best way to deal with violent cr

it is notjust the opposition out to get mr zuma, the opposition out to get mr zuma, the south africanh african communist party, which is clearly lined up alongside the anc, both those institutions also said jacob zuma is to go. baby gone to the street to listen to people who say that president must not go. —— have you gone. the view you are expressing is one—sided stop it is a coalition of forces. it is not the view of the majority. i have seen opinion polls,... view of the majority. i have seen opinion polls, . .. hang view of the majority. i have seen opinion polls,... hang on. you asked me what i have seen. the latest tns poll says seven out of ten south africans believe jacob zuma should go. the economic situation seemed this disastrous cabinet reshuffle has taken a new downward turn. we have had south african debt turned intojunk old have had south african debt turned into junk old status by snp. have had south african debt turned intojunk old status by snp. —— junk bond. you have an unofficial employment rate of 50%. you are now supervising economic as well as political chaos. t

and you have taken on zuma, but zuma fights back. he accuses those who mock him of racism.pet based on a zapiro cartoon, which is wonderful, with a shower head with the thing that you press and all the water comes out because, you know, he said famously that after unprotected sex with a woman who was hiv positive he had a shower, and he didn't use condoms. i do remember that, and in fact it raises the point that one of the subjects upon which you have been fiercest in your critique of the post—liberation black leadership is on this issue of their response to hiv aids in south africa. you really went after thabo mbeki when he said he didn't believe hiv aids could be spread by sexual intercourse, and he also was extremely slow to believe in the power of anti—retroviral drugs. then i called apartheid the first virus, and hiv the second virus. i said, we got away with the first virus. but the second virus, really and truly, in the days when i started and i used to go to schools, as many schools as i could, because i had this fantasy that children had not been exposed to sex. th

zuma, be ready with the dinghy. here comes luke's gear. got it, ryder! luke to the concert, fast. (cheering, applause) oh, dear! everyone's ready for the concert! ryder, how long till you're here? be there soon, mayor goodway. if only chickaletta had rehearsed her chicken dance. she could have kept everyone entertained. don't worry, i know what to do until ryder and luke get here. (applause) hello, everyone! luke stars will be here soon, but until then, put your hands together for rubble and the paw patrol band! (cheering) ♪ a pup like me likes a pup like you ♪ ♪ whatever you are up to is all i want to do ♪ ♪ i hear your bark ♪ can't wait to see ♪ a pup like you, you're the pup for me ♪ ♪ a pup like me ♪ a pup like me ♪ i'm a happy hound whenever you're around ♪ ♪ a pup like me ♪ the happiest dog around shis it dna or olay? er than she should. new olay regenerist helps take years off your skin age so you can look younger. who needs dna when you have olay? new regenerist. ♪ i noticed it as soon as we moved into the new house. a lot of people have vertical

zuma's tail tickled my nose! (mooing) ah! (bubbling) superb cinema, my sluggy star!ckaletta's superior talent has intimidated her co-star. (horn honking, chickaletta clucking) oh, watch out! (tires screeching) cluck! daring danny x, watch where you're going! of course, you can make it up to me by being dancing danny x, and two-step with my chicken. (clucking) sorry, mayor. i would, but i'm working on my own movie. see you at the film festival! (motor revving) (clucking) and action! rowrrr! stop right there, dragon! (horn honking) check this out! (sighing) cut! whoo-hoo! i crushed that castle! oh, i wasn't supposed to? sorry! it's okay, i've got it! (barking) the pups are making a movie for the film festival. captain canine and the dragon of doom! excellent! i'm making an action movie, too! starring... me! but who's gonna film you? me! see, i've got this camera stuck on my helmet. that way, everybody gets a daring danny x's eye view of all my stunts! sweet! i know! well, i better get filming. (motor revving) later! boy, i bet danny's gonna try something totally daring

matt: mark, south africa's jacob zuma has beaten a bid to oust him, again. what does this mean for the rand? >> it was very strange. nearly misinterpreted by the market. the rand actually rallied quite suddenly on the open. it is very low liquidity, but there were some trades. in fact, they didn't even hold a vote on a no-confidence motion, they dismissed it, which means he will survive in parliament. it's looking unlikely you will be removed from power anytime soon. i do find the strength in the rand quite strange. the economy still looking very negative, the current account deficit, while improving, is still 3.5% of gdp, which is quite bad. unemployment 27%, creeping higher. overall, south africa is not looking too happy, at the rent has been quite strong. i think now this zuma possibility of being dismissed is being removed from the market. people are focusing on long-term fundamentals, and the long-term fundamentals aren't looking positive. matt: all right. excellent stuff, thanks for joining us. mark cudmore, macro strategist. you can follow his market

manus: thank you so much, joining us there from johannesburg on the latest on the polls on jacob zumae to the show. the setup of the political theater of south africa. ,t looks as if on the surface zuma's popularity might be in the toilet, but he seems to be able to survive. what does that do to the south african outlook for you? resilient.been very the currency has actually been very resilient. looking ahead, the main change, that happened in brazil about 12-18 months ago, we are seeing a change. expectations of some change at the helm of the presidency will be good for assets as we move ahead. manus: when you get the shakedown and markets are these moments of market concern, 54% of voters want zuma to step down. do you step into markets when you see these moments? african economy is favorable. it bottom last year. china is not doing too badly, no hard landing. to that extent you have to look at a broader perspective of south africa. do you share that rats of vision -- that breadth of vision? >> the index itself is moving. whether the sovereign bond index or local currency index, the

jacob zuma is staying put for now.t over to arab ila let's get over to our reporter in your hand is berg. is zuma safe for the moment? >> he is certainly. it seems he is keeping control of the country. certainly the vote of "no confidence" was discussed this past weekend and it is something he says he never once to hear up again. something that he firmly put ahead and the party expects to open up elections for leadership within the party ranks. they will decide on that later this year. certainly, the president saying he is not going anywhere and will not accept a "no confidence" vote against him at any point this year. atting the party line and no-confidence bid certainly falling flat. the constitutional court is currently debating whether or on to allow a secret ballot a "no confidence" vote that will happen in parliament later this year. whether that will happen or not is certainly to be seen. certainly does the low blow to that move. mark: it has been a fairly muted reaction in the markets. why is that? >> it actual

another big development in terms of the forex space, the rand, news of jacob zuma's future.ed by almost 2% against the dollar late in johannesburg sunday. this is on reports that perhaps , but zuma would be ousted the rand has now paired a lot of those gains. this is as we hear news that jacob zuma has sufficed this bid to oust him as president. >> thank you so much. juliette saly there on the markets. several closed today. let's get to first word news with paul allen. strengthening global trade helped china's industrial profits to rise 14% in april to more than $83 billion, building on a jump of almost 24% in march, and an 8.5% rise the year before. the national bureau of statistics said better profits were thanks to stronger overseas demand an investment. ba says most computer systems are running normally after a week in crash that disrupted hundreds of flights. the ceo says the carrier plans to operate all long-haul services into and out of london today, but the after affects of weak interruption will mean delays. german chancellor angela merkel has given the strongest in

it is a summa negative move --zuma negative move.hopes this was it for jacob zuma and the country could move on and replace him. not the case as we are hearing from the reporting sunday night in south africa. there are some speakers this week as we build up to the jobs report. it will be interesting to see their comments, and we are at record highs with the s&p. maybe a little bit of optimism through the markets in asia because of that but the big markets are closed, china, u.k., u.s. betty: and things seem calm in the bond market with the u.s. jobs report coming up. what is going on? is the low volatility affecting the bond market and bond traders? adam: i think it is. if you bring up the chart on bloomberg, you can see the extent of that. 2.25% level for the treasuries is keen now. is a big week for the u.s. bond market. they are building up to the u.s. job group on friday, plenty of policymakers speaking in the week we are kicking off today with john williams in singapore, his comments. quiet fed on friday going ahead of the next

south african president zuma has survived a bid to oust him. they decided yesterday not to vote on a no-confidence motion in him. pressure has built on zuma to quit after his decision to fire the finance minister. global news 24 hours a day, powered by 2600 journalists and analysts in more than 120 countries around the world. this is bloomberg. nejra: german chancellor angela merkel has given her strongest indication yet that europe and the united states are drifting apart. speaking at an unit campaign rally, she suggested reliable relations forged since the end o f world war ii are coming to an end. times in which we can fully count on others are somewhat over. say we why i can only europeans must take our destiny into our own hands. of course, in friendship with the united states. in friendship with great britain . with good neighborhoodly relations whenever possible. in burkhard bring varnholt, joining us from zurich. thanks for joining us on the program. burkhard, do merkel's comments cause you any concern after this g-7 meeting? >> thank y

clashing with police in several townships south of johannesburg, putting pressure of president jacob zuma'smises. at least 70 people have been arrested for public violence. the government has admitted that the issues behind the latest wave of protests are genuine and deserve a response. nomsa maseko reports from johannesburg. a sense of calm returns following days of protests. the demonstrations were led by communities who feel marginalised and neglected, protesters up in arms over electoral promises not delivered. they want better housing and jobs. the week—long unrest, dubbed service delivery protests, have become increasingly violent. poverty and stubbornly high unemployment 23 years after the end of apartheid has angered many, piling pressure on presidentjacob zuma's government. labelled coloured under apartheid, not black, not white, the community of eldorado park south of johannesburg feels unheard by the governing anc. some have even openly declared that life was better under white minority rule while others say the protests are justified. the government must act to build houses firs

and in south africa presidentjacob zuma had to abandon a may day rally after he was booed by workersupporters and opponents — and all speeches had to be cancelled. devastating weekend storms in southern and mid—western parts of the united states have killed at least 16 people. deaths were reported in texas, arkansas, missouri and mississippi. tornadoes flattened homes, overturned cars and brought down power lines. more dangerous weather is forecast — as abc's senior meteorologist, rob maricano reports. tonight, the system that brought deadly tornadoes to texas now targets te ns deadly tornadoes to texas now targets tens of millions in the east. we are outside texas. just after the tornadoes tore through, tom mitchell discovered this truck overturned and a family of four trapped inside. oh my god. with storms are still swelling overhead, good samaritans racing against time. mitchell puts down his phone and start giving the infant cpr. tonight, the family is recovering. they have message for their rescuers. thank you so much for everything that you did. for helping somebody you didn't

south african president jacob zuma's fate in the balance.no we had a lot of activity terms of some of the key players off the back of uncertainty about what is or is not going to happen in terms of the opec meeting. a 4% something drop in oil prices. basis, this is individual members across of the index, you can see some key companies that are gainers. this is the year to date. alsoan see agility, line isbahrain, the top a down 11.1% last weekend. also pressure on dhp entertainment. that stock continues to get hammered. beenne major exception has egypt. their stock index was up a little bit over 1%. tracey: let's check in on the first word headlines. qatar's's has cut credit rating, citing doubts about the sustainability of its growth model. their rating was downgraded to aa2 while his outlook was a change from stable to negative. moody says it expects of the current balance to move to negative and turn into a 2% surplus over the next 4 years. >> president trump left of the g7 summit without committing to the paris climate accord. after pres

south africa's national congress could discuss removing the president, jacob zuma.s march firing of the finance minister, and the nation's ensuing credit cap downgrades have increased opposition to the president. --a may step down as leaders korea, the former president denied all charges against her. she is accused of bribery and abuse of power, faces a possible life sentence. a co-defendant is a longtime friend who controlled to foundations that received billions in donations from south korea. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. i'm mark crumpton, this is bloomberg. the president arrives in rome, a look ahead to what he hopes to accomplish on this part of his first trip overseas. this is bloomberg. ♪ >> this is bloomberg markets, the trump economy. president trump has wrapped up a two day visit to israel. he's now in rome, his schedule includes a meeting with the pope tomorrow at the vatican, also meetings with italian political leadership. he'll had to brussels then back to italy for the chief s

south african president jacob zuma or has survived a trip decided not to vote on a no-confidence motionpressure has built on zuma to quit following his decision to fire his finance minister, a move that sparked public test. -- protest. amber rudd has said there are potentially more suspects at large in the investigation into the terrorist attack in manchester. speaking to bbc, he said until the operation is complete, we can't be entirely sure it's close. the suicide bomber killed 22 people at a concert in britain's worst terrorist attack in more than a decade. federal reserve banker of san francisco, john williams has said trade interest rates increasing this year makes sense. that's as the central bank makes gradual progress to prevent the economy from overheating. >> when you are knocking the boat, you don't run in as fast as you can toward surer and hope you can reverse engineer. it can run afoul. isn'tle of talking about never approach a dock faster than you are willing to hit it. similarly, in achieving sustainable growth, the best rule is to close in on the target carefully and av

do you think president zuma well last through his term in 2019?hink the president is stand determined in 2019. as a democratic country, we untilthe president and they change their minds, the president will remain the president. this morning, the president said this is a democratic country and people have the right to protest. those who protest must continue protesting but we have a country to run and an economy to build and we're going to focus on doing business for the government. minister, some voices in the business community have been critical of the president following that cabinet reshuffle and the ratings downgrade that took place after. how are you winning back the trust between business and government? thence minister gigaba: concern from the business community is part of the process . they have not questioned the whatdent and in so far as consents, we are engaging with the business community. we have had several meetings already and we established business in other meetings to take place. we have been engaging with domestic investors tha

and that's you, zuma! ruff! net! and you too, chase! hey, we're movie stars! you're more than that. you're good pups, too! (skye barking) ♪ p-p-p-paw, paw, paw patrol ♪ [upbeat music] [horn honks] [dogs bark] [horn honks] - ♪ mutt & stuff, mutt & stuff ♪ - ♪ hey, calvin, what are we learning today? ♪ ♪ come, heel, sit, stay ♪ our pet pal stuff is set to help and to play ♪ - ♪ mutt & stuff - ♪ let's go to dog school ♪ - ♪ mutt & stuff - ♪ let's go to dog school ♪ ♪ when i say "ready," you say "ruff" ♪ - [barks] - ♪ mutt & stuff, mutt & stuff ♪ - ♪ bark along and put your paws up ♪ ♪ pets can't seem to get enough of ♪ ♪ calvin and his pups ♪ mutt & stuff - [barks] [upbeat music] ♪ [dogs barking] ♪ [alarm blares] ♪ [door whirring] ♪ - [chuckles] thanks. ♪ [chuckles] hi! i'm calvin. welcome to mutt & stuff. hey, zippy. oh! i see you already brought in the new seat. - [barks] - great job. we have a new seat today because we have a new student joining us at mutt & stuff. hey, zippy, if you're excited to meet our new student, let me hear you bark. - [barks] - woof! [laughs] hey, calvin. i'

jacob zuma said to have survived a bid to force him from office.fidence despite increasing pressure to step down. his decision to fire the finance minister sparked public protests and cost south africa its investment grade rating. u.k. have arrested two more people in connection to the manchester bombing. more than 1000 people are working on the investigation to determine whether the bomber was working on his own or part of a wider terror network. the explosion killed 22 and wounded 100. hong kong has criticized moody's, saying the decision to downgrade the city's debt rating was based on "shallow evidence o." paul chan said it cannot be considered negative as the mainland is the global growth engine. for theut china first time since 1989. googles artificial intelligence program has completed a sweep of its opponent. after the latest defeat, he said alphago is perfect with no flaws or emotional weaknesses. veteran said it would be years before computers could master the game. global news 24 hours a day powered by more than 2600 journalists and anal

your time frame down to two days, to hear ceo say relative calm for two days, your perspective on zumae last the year in south africa for summer >> it is a tragedy watching the south africa political scene. it is not about zuma, it is about anc which took that country to a point where it was inclusive and such a great event to liberate such a beautiful country. the politics destroy that very dna of the liberation movement and what brought nelson mandela out of jail into power. politics and constitution, it is not about one person. it is about political institutions and i think it is going to be a big challenge for the south african people to find a way out of this mess. much, aank you very fascinating conversation about the gold price and well beyond. thank you for joining us on set .n daybreak manus: let's do a recount. -- hsbc was up. a one off inf there. we will talk banks next. this is bloomberg. ♪ manus: it has gone 7:16 a.m. in london, 2:16 p.m. in hong kong. juliette saly is standing by with the business flash. juliette: thank you. societe generale has settled the legal dispute

president jacob zuma stands accused of abusing his power notjust

unemployment 23 years after the end of apartheid has angered many, piling pressure on presidentjacob zuma's, not black, not white, the community of eldorado park, south of johannesburg, feels unheard by the governing anc. some have even openly declared that life was better under white minority rule while others say the protests are justified. the government must act to build houses firstly, then the community, but take the government seriously, but if they don't start, we will not stop until our demands have been met. but our protests in south africa is to start to build. blockade the streets, no cars pass, no—one goes to work, that happened also before democracy. that is how we put this government in action. this woman has been on the housing waiting list for more than 20 years. she lives in a one—bedroom house with family members. i feel frustrated, i feel very disappointed in all of this. now, because of us young people who can't get houses, we have to come crowd my mother's house. you vote for nothing. you vote for houses, you don't get the house, you vote forjobs, you don't get a job,

let's look at the south african rand, a second day of gains after zuma was reinstated, or re-upped histrol over the anc. coming up, the fed president warms the honeymoon will come to and washington will have to deliver on the policy expectations that have driven the stock market higher. plus, an exclusive interview nextphil falcone in the hour. this is bloomberg. ♪ these days families want to be connected 24/7. that's why at comcast, we're always working to make our services more reliable. with technology that can update itself. and advanced fiber network infrastructure. new, more reliable equipment for your home. and a new culture built around customer service. it all adds up to our most reliable network ever. one that keeps you connected to what matters most. vonnie: live from the bloomberg world headquarters in new york, i am vonnie quinn and this is "bloomberg markets." a quick check on u.s. stocks, not much movement. the dow down .1%. the s&p 500, 21.14. very unchanged. the nasdaq is unchanged, down two points. looking at the s&p 500, energy stocks are a drag. energy is the worst

a south african high court ruled today jacob zuma must hand over an intelligence report that the former minister was plotting to undermine his government. and moscow says it is ready to send peace keepers to syria. turkey and iran have signed on to a russian plan to make safe zones. global news, 24 hours a day, powered by more than 2,600 journalists and analysts in more than 120 countries. this is bloomberg. it is just after 5:30 p.m. thursday here in washington. 7:30 friday morning in sydney. we are joined by paul allen with a look at the markets. good morning. paul: good morning. well, japan is closed again today for a public holiday, but trading as normal here in australia. futures looking weaker again for a fourth straight date. we will keep an eye on the quarry pang. it is reporting full year earnings. he medianest made is for $2.13 billion. the stock has been on a tear, hitting record highs. always expectations for this bank's earnings. lock og for a third quarter update on the airline qantas. keeping on the reserve back of australia as well, keeping up with his quarterly statemen

zuma is also facing and him president support from the present -- public.l news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries around the world. is 730 friday morning in sydney. we are joined by paul allen at the look at the markets. paul, we had records on wall street. paul: that is right, and we do have features up a little bit. we will be watching the oil space after the oil price fell. be impacteds will by that. that failed to provide a timetable on that. this is showing modest gains out of chicago. we're waiting on cpi out of japan for april and looking for a gain of 4/10 of 1%. it's an improvement on the march figure and we're looking for the good gdp numbers coming out of japan recently. asia would one stock that's asia is one stock to watch. this is after net profit fell to $62 million because of a slump in the first quarter profit from the long haul carrier. -- gdptching out for ddp out of sydney. i am paul allen, and more from bloomberg technology next. ♪ emily: i'm emily chang, let's get back to the

dollar after zuma reestablished power. higherth african ftse is off the back of a weaker rand.urkish lira is having a good day. not so the mexican peso. in terms of sovereign bonds, some of the ones to look at would be mexico. let's get to abigail doolittle. she is having a deeper look. a one-year chart trading, narrowing. well below 100 basis points at levels last seen last fall. a bloomberg intelligence strategist told me it reflects two things. we have the widening on mpflation,ns on tru but now stretching may be to 2018, we have the long end of with a havening in play. in more has to do with inflation expectations. the short end of book or is standing still as investors are less bullish in terms of what the fed is going to do. that is why we have the narrowing. below that level suggests maybe we will see it go more. it is hitting the financial sector and more so the regional .anks we have the regional bank s&p 500 index 1.4% relative, down .5%. the regional banks depend more so on traditional lending activity. a bloomberg intelligence analyst in the financial sector said re

jacob zuma facing a key battle for his political survival.d, senior members of his ruling party plan to push the decision-making national executive committee to order him to step down. he is facing an unprecedented level of opposition from within the group and supporters following scandals he has faced since he took office in 2009. former president barack obama received a rockstar welcome in berlin today, appearing alongside chancellor merkel. after praising the chancellor for her outstanding work, he called for more international engagement to fight the refugee crisis. >> one way we can do a better job is to create more opportunities for people in their home countries, but also because if there are disruptions in these countries, or conflict, that governments, if there is war and poverty, in this new world we live in we cannot isolate ourselves, we cannot hide. mark: tens of thousands of people gathered at the brandenburg gate to mark the 500th anniversary of the protestant reformation. it was mr. obama's for speaking event in europe since l

opposition to zuma has grown anotherg his firing of minister.4 hours per day, powered by 2600 journalists and analysts in 120 countries. david? dad: here's what's happening the rest of the day. in washington, 2:00 p.m., a press briefing with sean spicer. we will monitor that. plus tomorrow, the anon's prime minister visits donald trump at the white house. they are likely to announce trade and a transpacific ownership that was jettisoned in february. we spoke exclusively to the ,ietnam prime minister in hanoi head of that meeting with president trump. unum fromorts of the the united states will increase significantly this year, as we sign a billion dollars worth of deals from american firms and import high-value products to create american jobs. leaving his role as the white house communications director, mike duff key. for that we want to bring in tim o'brien, executive editor of bloomberg gadfly. tell us about the role that mike was playing in the white house as communications director. what was he doing? sahil: he was in charge of the messagin

president zuma said he will not quit before his term ends in 2019.l news, 24 hours a day, powered by more than 2600 journalists and analysts in over 120 countries. this is bloomberg. david: turning back to health care and the vote to replace the aca, house leaders and members of the trump administration express confidence that the heaven of votes to pass the bill. megan murphy joins us now as well as kevin cerilli. us parliamentary procedure. we are watching speeches waiting for the vote to happen. a vote in the house can last a long time or a short time. what can we expect this afternoon? inbehind me in the majority statuary hall, i can tell you the top political lieutenants from the white house including chief of staff reince previous have joined the republican whip operation and they are going over a final tally of the vote count. my sources within the republican conference on the house of representatives side are telling me they feel they have enough votes. they say they can afford to lose 22 members of congress. if more than that vote against it

broad settlement could be reached when finance ministers south africa's ruling national moving jacob zuma this week and according to people familiar with the matter, his march filing -- of the finance minister and the nations ensuing credit downgrades as increased opposition to the president. this due to step down december and as president in 2019. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. i am mark crumpton. this is bloomberg. ♪ >> live from bloomberg's world headquarters in new york, i am julia. scarlet: i am scarlet fu. joe: i'm joe weisenthal. >> stocks to all-time highs. >> the question is, what did you miss? calledcratic lawmakers trump's spending budget. away, thosemonth negotiations. strong as markets hoped. it is time to be skeptical with third rate increases here. let's look at where the major averages stand as we head toward the close. abigail doolittle is standing by. lot happened. small games for the dow, s&p 500, and the nasdaq. if the down the s&p 500 can hang onto the gains, it will be the fourth day in a row,

south african president jacob zuma's public approval rating has reached an all-time low and most embersf his ruling african congress want him to resign according to an opinion poll released two days after he survived a second bid to oust him. opposition has been on the rise ever since he fired the finance minister and made a number of other executive changes at the end of march. john asus now from burke. what has been the market reaction here? rand comingeen the under pressure since jacobs amount survived that over the weekend to have him ousted as the party's president. the market was hoping for a friendly successor which could have been the deputy president. his campaign to be the next leader of the anc seems to be gaining steam. six months ahead of the succession bid that will play out in december this year. his approval rating is at 66% from 53% just six months ago when the first bid to oust president jacob xoma was set before the anc's executive committee. matt: what are the possibilities in that he will be called to step down? a lot of people would assume it would end in his ouste

there's been pressure on zuma to quit since firing the finance minister and cost their credit rating. global news 24 hours a day powered by 2600 journalists and analysts in more than 120 countries. i'm taylor rigs, this is bloomberg. matt? matt: thanks very much. let's look at the market action now. i'll kick it off with equities and bonds just to show you a little narrative here in european trading. u.s. markets are closed. the british markets closed as well for a bank holiday. here you see the german 10-year deal basically unchanged. we had a sizable drop in germany as wells a sell-off. looks like investors are getting more risk on but volume is very low. you see the stock 600 still down .1%. roughly, of course, a lot of the stock 600 is not trading since a huge chunk is u.k. stocks. you see italy's 10-year field gaining about two basis points because investors there selling off the debt a little bit. looks like investors are getting a little risk off moving into the session but very light trading. nejra. the dollar yen is not changed. sterling you want to keep a mark on. 128.44. af

jacob zuma survived his second ousting attempt in three months. the rejection committee rejected a proposal -- recall proposal this weekend, but 51% of voters want him to step down. anti-opposition has grown. ina's term as president and december, 2017. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i am ramy inocencio. this is bloomberg. julia: live from bloomberg's world" is in new york, i'm julia chatterley. scarlet: i am scarlet fu. joe: and i am joe weisenthal. we are 30 minutes away from the close of trading in the u.s.. julia: investors returned from a three-day weekend. the s&p 500 snapping a seven-day winning streak. joe: the question is, "what'd you miss?" scarlet: energy shares leading the selloff -- not really selloff --retreat. how about that? tech shares leading them the upside with amazon hitting $1000. cash president -- president trump ratcheting up a dispute with angela merkel that threatens to undermine relations. elections with a u.k., italy, and germany will. -- preside

we're focusing on an ouster in brazil and focused as well as -- on the future of jacob zuma. we have this meeting coming up, record --here is a there is a possibility of him being ousted and the market is starting to price it in here again. are we getting ahead of ourselves because that has been the story of late. guest: we are getting ahead of ourselves if anyone is thinking that jacob sue myrick is about to be ousted. i do not think many people think that. what is going on here is that suddenly, the very discussion of his ouster is in play. that may be something that time, during a period of it probably will not happen this year. to discuss that possibility. as a positive factor. if you consider all the other positives going on in south africa, where the economy is be getting to show some positive signs, we have inflation falling, the likelihood of interest rates and a rate decision today, probably no change but the likelihood of more interest rate cuts going forward that will reduce borrowing costs and south africa forl has a lot of carry traders. the yields are high on th

did have some news overnight that the anc leadership could be debating the ouster of president jacob zuma we are now seeing durant -- seeing the rand strengthening in the past three sessions, and it continues to strengthen today. i do want to bring this up in the context of emerging-market currencies, because if you take a look at his white line, which is the emerging-market currency index, it has gained more than 10% year-to-date. --n it comes to be rand comes to the rand, there is still love with the carry trade that is being felt in the emerging market spirit -- sphe re. betty: watching many factors in the asian markets. now let's get to the first word news with paul allen. msci venture henry financers has told bloomberg that the inclusion of shares on the index next month is by no means assured. china was rejected for inclusion last year and is awaiting the msci's classification review on june 20. fernandez says the timeline is tight. asia rose strongly through march, but have since declined. >> the process has been hard for the last three years. there have been other places that has

yen 111.07 and the south african rand extending losses to a second session after the president jacob zumaurvived a bid to oust him. your data, but let's get to the bloomberg first word news with nejra cehic. nejra: the president at the st. louis fed said the jury is still out on if the trump administration will meet wall street expectations. some bullard said at point, the honeymoon period will come to an end and washington will need to deliver on policy promises that have driven the stock market. james: the business numbers shot up after the election was perceived -- the president was perceived as more pro-business than the previous administration, washington does have to deliver at some point and i think that is a concern theg forward, whether honeymoon period would end at some point and the reality of american politics would settle in. we will see if that happens or not. i think the jury is still out on all of that. nejra: in the u k, leaders of the two main political parties faced audience questions in a nevada last night. jeremy corbyn outlined his vision for britain's future outside