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 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. blocade the streets, no cars pass, no—one goes to work, that happened also bef

sfossils corrected back to dart in johannesburg that fall in october of 1924 dart received a crate of fossils are from the mine day he and his wife were to host a wedding with dart as the best man. upon arrival of the crate dart's wife dora less than impressed. and autothe biography dart rather paternalistically describe the reaction, i suppose those are the poses sills fossils you've been expecting why arrive today of all days. now raymond guests will will be arriverring short lis you can't wait until everyone has left. i know how important they are or but please leave them until tomorrow. concerns about guests aside dart starts rummaging through in full attire. he count cross as small fossilized primate brain that stopped him cold. so this is a of what had dart he's finding in the getup -- the so enfollowed with discovery that wedding party had had to more or less drag him down to the ceremony where a rather put out groom expectly waited as best man and rerecalled pleasant daydreams updated by tugging at my sleeve my god ray he said ling to keep it out of his voice you have to addre

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 firstly, then the community, but take the government seriously, but if they don‘t start, will 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 of 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 so it hasn'

protestors demanding houses and jobs have been clashing with police in several townships south of johannesburg. the government has admitted that the issues behind the latest wave of protests are genuine and deserve a response. nomsa maseko reports. 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 firstly, then the community, but take the government seriously, but if they don't

our economy reporter for bloomberg news joining us from johannesburg. a quick peek at european equity markets. it was a holiday here and a holiday in the united states, but business day continued. the market day continued across europe. it was a day of little movement for the stoxx here at 600. this is bloomberg. ♪

last year, starbucks opened our first store in south africa in johannesburg. i had never been to south africa before. i did not know what to expect. certainly could not be prepared for the level of poverty and what i saw in the townships throughout the city. we opened two stores and lines were out the door in anticipation of starbucks coming to the market. before we opened the stores, i gathered the 50 young people who would grace the green apron and represent the company. i sat with them for a few hours and wanted to hear each one of their personal stories. as they were sharing their stories with me, despite their poverty, their plight in life, there was so much joy and gratitude in their hearts. what i learned was two things, one, all 50 of these young people had never had a job before. they were all unemployed for their entire lives. you should see the self-esteem and the sense of security as they were getting ready for their first job. but the second lesson was as they were going around the room and talking to me about the story, i kept hearing and african

last year, starbucks opened our first store in south africa in johannesburg. i had never been to south africa before. i did not know what to expect. certainly could not be prepared for the level of poverty and what i saw in the townships throughout the city. we opened to stores and lines were out the door in anticipation of starbucks coming to the market. before we open the stores, i gathered the 50 young people who apron ande the green represent the company. i sat with them for a few hours and wanted to hear each one of their personal stories. as they were sharing their , despite their poverty, their plight in life, there was so much joy and gratitude in their hearts. what i learned was to things, one, all 50 of these young people had never had a job before. they were all unemployed for the entire lives. you should see the self-esteem and the sense of security as they were getting ready for their first job. as theycond lesson was were going around the room and talking to me about the story, i word, iring and african had never heard it before. a word that nels

last year, starbucks coffee company opened our first store in south africa in johannesburg. , i had never been to south africa before. i did not know what to expect. certainly could not be prepared for the level of poverty and what i saw in the townships throughout the city. we opened 2 stores and lines were out the door in anticipation of starbucks coming to the market. before we opened the stores i , gathered the 50 young people who would grace the green apron and represent the company. i sat with them for a few hours and wanted to hear each one of , their personal stories. as they were sharing their stories with me, despite their poverty, their plight in life, there was so much joy and gratitude in their hearts. --t i learned was 2 things one, all 50 of these young people had never had a job before. they were all unemployed for their entire lives. you should see the self-esteem and the sense of security as they were getting ready for their first job. the second lesson was as they were going around the room and talking to me about their story i kept hearing and african word, , i had nev

last year, starbucks opened our first store in south africa in johannesburg. i had never been to south africa , did not know what to expect, could not be prepared for the level of poverty and what i saw in the townships. opened to stores and the lions were out the door. before we opened the stores i gathered the 50 young people who would put on the starbucks apron and represent the company. i sat with them for a few hours and wanted to hear their personal stories. as they were sharing their stories with me, despite their poverty and plate in life, there was so much joy and gratitude in their hearts. i learned that all 50 of these young people had never had a job before. they were all unemployed for their entire life. could see the self-esteem and sense of security as they were getting ready for their first job. theyecond lesson was as were going around the room and talking to me about their story i can't hearing an african word i had never heard before. a word that nelson mandela used all the time. umbutu. i got up the courage and ask, what does this word mean

we are live in johannesburg with the latest. this is bloomberg. ♪ manus: it's 6:45 a.m. in the city of london. sophie is standing by with the bloomberg business flash. selfie: deutsche bank has agreed settle$41 million to federal reserve allegations that it u.s. operations failed to maintain adequate protections against money laundering. the fed said u.s. operations fell short of complying with the banks secrecy act which requires federalto prevent transactions. the cease-and-desist order -- layingto prevent out a plan to sell 25% of the nationalized lender. the government plans to sell the stake in a share offering in london and dublin with terms to be set in mid-june. according to previous government estimates, the sale may raise about 3 billion euros. to vendee ceo is poised succeed the executive chairman of telecom italia. he could handoff the baton as the nextomorrow when board meeting is scheduled. that comes after eu regulators approve the plan to take control of telecom italia yesterday. that was your bloomberg business flash. manus: selfie, thank you very much.

rioters clashed with police in a town west of johannesburg. the farmers denied killing the 16-year-old. the latest round of you and -- u.n. climate talk has begun. note its are discussing how to implement the 2016 paris agreement to cut emissions. they are pressing ahead despite uncertainty whether donald trump will remain committed to the pact. here's a reminder of the top story we're following. france's president elect emmanuel macron has announced he is stepping aside from leaving the political movement he founded. he has vowed to overcome divisions and unite the country as president. after a short break i will be back to take it to the day. we are going to have more on the election victory of emmanuel macron and where he goes from here. we will be right back. ♪ [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] + ♪[theme music] ♪[theme music] >>>ernabel demillo: hi. i'm ernabel demillo. welcome to asian american life. we're here at the brooklyn bot

costs have been going up and production falling and the shares plummeted 12% in johannesburg today. so it is taking drastic action moving its hq from johannesburg to its operations in marikana and cutting its investment plans by about 22%. budget airline airasia has signed a joint venture agreement to set up a new low—cost carrier in china. it says it wants to tap in to demand in the country which is set to overtake the us to become the world's biggest aviation market within the next decade. flying domestically within china has boomed in the past 30 to 40 years. in 1982 there were fewer than four million air passenger journeys within the country. by 2016, that number had reached 487 million. japanese car—maker toyota is backing a group of engineers who are developing a flying car to the tune of £274, 000. the cartivator group operates outside toyota city in centraljapan. so far crowdfunding has paid for development of the so—called skydrive car, which uses drone technology and has three wheels and four rotors. flying cars are something of a flavour—of—the—month at prese

as a result, the south africa—focused miner is to move its head office from johannesburg to its operations in marikana by the end of the year, and it has also cut its spending plan for the year to a range of 1.4 billion to 1.5 billion rand from 1.8 billion rand. budget airline airasia has signed a joint venture agreement to set up a new low—cost carrier in china. it says it wants to tap in to demand in the country, which is set to overtake the us to become the world's biggest aviation market within the next decade. flying domestically within china has boomed in the past 30 to 40 years, civil aviation administration of china figures suggest that in 1982 there were fewer than four million air passenger journeys within the country. by 2016, that number had reached 487 million. japanese carmaker toyota is backing a group of engineers who are developing a flying car —— to the tune of £274, 000. the cartivator group operates outside toyota city in centraljapan. so far crowdfunding has paid for development of the so—called skydrive car, which uses drone technology and has three wheels an

it is a question of size, and of cu, youwhen you buy ls have an arrangement with johannesburg. they are working closely together, and of course equity , with etf's and all the new products that have come out -- to be mythat was going next question, but next time definitely. always a pleasure. right, let's have a look at what we have on the way. the brakes onting alibaba. we run through the numbers that have to impress investors. ♪ rishaad: this is "bloomberg markets: asia." i am haidi lun in sydney. rishaad: i am rishaad salamat in hong kong. adjusted earnings per share coming in at $.36 for alibaba. some big numbers in the report, yet investors were not exactly jumping for joy. >> it was a mixed set of results for alibaba. there are eps missed evidence, but the revenue soared 60%, the fastest since their ipo, mostly because of attacks hit, their tax expenses were 149% this previously they had the benefit of certain tax benefits, but that expired in the past quarter, and so we were seeing some of that affect taking place. also, costs continue to rise for their entertainment a

for more, we are joined from johannesburg. there have been a multitude of calls for the president to step down. this one is not going anywhere. >> certainly not. it is at least the second call for the president to step down, or at least the discussion around that topic. it seems to have failed again, according to the resources. of course we will get a confirmation around 2:00 p.m. local time, 1:00 p.m. in london or 12:00 p.m. gmt. we have seen widespread division within the ruling african that is congress, and since august 8 last year, where the election in south africa saw a divergent change in how south africans voted, clearly wanting a different person in power in different regions of the country. it does seem that the president is going nowhere. as you said, he said the motion -- that he will not step down at any point. reaction terms of the to the market, we saw the rand accelerate by 1.7%. we have given a lot of that back. the debate from markets now is whether the rand reestablishes itself as the prime carry trade in th

as a result, the south africa—focused miner is to move its head office from johannesburg to its operations in marikana by the end of the year, and it has also cut its spending plan for the year to a range of 1.4 billion to 1.5 billion rand from 1.8 billion rand. budget airline airasia has signed a joint venture agreement to set up a new low—cost carrier in china. it says it wants to tap in to demand in the country, which is set to overtake the us to become the world‘s biggest aviation market within the next decade. flying domestically within china has boomed in the past 30 to 40 years, civil aviation administration of china figures suggest that in 1982 there were fewer than four million air passenger journeys within the country. by 2016, that number had reached 487 million. japanese carmaker toyota is backing a group of engineers who are developing a flying car —— to the tune of £274, 000. the cartivator group operates outside toyota city in centraljapan. so far crowdfunding has paid for development of the so—called skydrive car, which uses drone technology and has three wheels

the rand strengthened 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 indication yet that europe is drifting away from the u.s. under p

. >>> south african police firing rubber bullets at protesters in johannesburg after they took to the streets over a shortage of housing. the protesters say the government has done nothing over the past 23 years to alleviate the problem. >>> several people were injured when a car crashed into a dunkin' donuts shop in miami this morning. the aerial footage shows the car completely inside the shop. no word on what caused the crash. >>> and former president bill clinton and best-selling author james patterson are teaming up to write a book titled "the president is missing." it will come out june 2018. it's the first work of fiction by the former president. >>> that's the news update this hour. ty, over to you. >>> sue, thank you very much. let's get over to a market flash. >>> drug research provider spiking here object a report citing sources that the company is exploring a sale with a price tag of roughly $4 billion. i'll point out the current market cap of parexel around $3.7 billion. it's worth noting that activist and investor corvex management has built a sizable stake in parexel. s