for decades fidel castro was the keeper of latin america's revolutionary flames. well, now it is chavez. but are venezuela's people beginning to tire of their firebrand president? president hugo chavez, welcome to hardtalk. thank you very much. i want to begin by asking you about the venezuelan economy. you have a serious problem with inflation. you have a currency that has been devalued and your country is still in recession. is it fair to say that socialism right now is not working? you had growth. but now you do not have growth. you're the only latin american country that this year, as well as last year, is not growing at all and is in recession. is it possible, you say it's possible, to have some form of capitalism with in a socialist system. is it possible to have genuine democracy and respect for the rule of law within your socialist system? you are absolutely right that you have won elections, and you have won them very easily. but democracy is more than aboutjust winning elections. can i put one case to you that suggests you perhaps do not adhere to the wi

what is the model of like in latin america? >> latin america has become a real growth engine for us, 5% or 6% growth in terms of theater growth. we are looking to add 50 to 75 screens in latin america this year, think we will do the same next year. it's a very important growth market for us. david: in terms of deals you may looking for, what mechanisms or means of expansionary looking for at this point? we look at expanding throughout all latin american countries, not just brazil. we are growing in colombia and peru and chile and in the united states, we are looking for any smaller regional theater circuit that was available and was interested in selling, cinemark would certainly be interested in looking at. david: how much do sentiment matter to you? theatergoinghink must be on the decline because i'm able to readily access movies on mobile devices. david: -- >> theatergoing is not on the decline. i would say it's almost flat. last year we were up 1.4% in attendance, box office was up more. last quarter, 4% in attendance. the

if we didn't have the same number of millions -- death in latin america. able tothey were not consolidate power. that felt today -- was underground. that undermined lot -- with to pay for those consequence. the came from the high class of argentina, like osama bin laden. i regard them in the same class, less of strategies. coming us to have crafted this person, a great idea willing to die for this cause. he was really -- you really became worthless. i interviewed commander matos, one of the first guys of castro, to realize what was going on. the sky -- jail or killed. part because totalitarianism demands total subservience to the leader. this is on the right and the left. j went to cuba was there the fiddle just -- castro said, if you don't kill people -- here no one will respect you. so he was one of the worst murderers in the jail. he was completely homophobic. many other estimates of his life are completely hidden to capture this image. he tried to support the revolution -- would've been a disaster for latin america. he failed. for a while he was like s

you don't see it in latin america much. in latin america they're busy trying to integrate into the liberal international order, from mexico to brazil to argentina, populism is on the decline. if you look in asia, whether indonesia, japan, they're trying to integrate into the order. where you see populism is in europe and the united states, and you see it in countries in europe that are doing very well economically. so it can't just be about economics because germany is powering ahead. it can't even just be about inequality. northern europe has not had much of a rise of inequality. for example, the dutch have not had a rise in their coefficient, the way you measure inequality in about 20 years. sweden is growing very robustly. all of these places however do have immigrants, and that is causing an enormous amount of cultural anxiety. let's be clear, that is true and there are some legitimate concerns. by the way, there have been periods in the past when immigration has been restricted, even in the united states. the liberal i

he was seen as the last strongman of latin america. a key ally to the united states in the 1980s, noriega was helpful in washington's battle against the spread of communism before being toppled when american troops invaded. our world affairs editor, john simpson, looks back at his life. he may be a son of a bitch, but he's our son of a bitch. american politicians used to say of leaders like manuel noriega — he may be a son of a bitch, but he's our son of a bitch. they selected him, trained him, encouraged him to be a bulwark against communism, but noriega went too far. the cia used him to get information about fidel castro in cuba, then found he was giving information about the cia to castro. they decided not to turn a blind eye to his large scale drug dealing any more, especially when he started attacking america openingly. "i say to the north americans, stop threatening because i'm not afraid of death." by 1989, president george h w bush had had enough. general noriega's reckless threats and attacks upon americans in panama created

if you say to yourself, well, that's latin america. well, latin america was very violent. when i came to the united states, there were armed insurgencies in five or six latin american countries, the united states invaded, you know, was funding insurgencies in places like nicaragua and then invaded grenada and pan na. there was a lot of stuff going on there and that has now essentially come to a close. violence in the world is essentially restricted to a band of places that one could call the crisis -- the crescent of crisis going from nigeria to afghanistan. it is almost all an islamist belt. it is worrisome. i think neil and i probably agree on some of the causes of it. but notice how restricted it is. you don't see it in asia. you see it almost not in africa, which is extraordinary. and my point here is not bad things aren't happening in the world. there were bad things happening in the world in the 1940s you might have noticed. there were bad things happening in the world from 1914 do 1919. there were a lot of bad things happening in the 19th century. but the trend that

we are just starting to look at asia and latin america. ,aroline: all of this continues expansion while the ongoing discussions continue for the combining of forces. you could be frenemies, not haters anymore. how is the process going? jason: it is great, we have regular integration strategy meetings. and we have gotten the team introduced to each other. i have been incredibly surprised in a positive way how the other teams gelled. sometimes you worry and look at how the two teams will come together, the different cultures. we are much more similar than different. which makes sense, we're both technology products working in the sports base, very different products. not surprising, similar cultures. overall, i have been happy with how we have been going. we will put incredible consumer value out there in the coming years. caroline: any updates as to what the executive team will look like or what the name be? jason: we will have announcements soon, we're still working on that. don't worry, we will make sure we come to you. caroline: and as y

that transformation has taken place in india, china, latin america, and other parts and it is beginning to take place in africa. those are the people who have most powerfully benefited from this new liberal international order. others as well. it is not as though the united states has been standing still. u.s. gdp is up 1000% since 1970. european gdp is not up that much but if you go to any of these countries you're struck by a rich society. there is a problem with how it has been redistributed. when it is -- we have globalized very fast and we have had enormous amounts of immigration. women have been emancipated. all of these changes produce cultural anxiety. they make people want to go dollar a day of living on three back to a simpler time to make america great again. to make britain great again. but to these countries have been great because that they led and spearheaded this liberal international order. they have found a way to allow the world to share this extraordinary dream that franklin roosevelt had that he talked to mackenzie king about. a dream that brought peter munk from hu

. >> they felt like it was taking the rest of latin america with it. one of the reasons why that part of the world seemed -- it wasn't just brazil, it was the argentine peso. you begin to see the kind of emerging markets. there is the peso. this is your today. but -- this is the year to date. fromhe hammer has gone hero to zero in a matter of hours. for emerging markets, when you look at the broader context, you look at the one, the rupiah, it is very pressing and, isn't it -- it is very prissy and, isn't it? >> give lemon forced them to trade that are riskier because it is hard to generate real returns. you are losing real value by investing in government bonds in the hold cell world -- the whole developed world. patrick, let's continue our conversation. we have an opec meeting coming up. oil is a big scene there as well. we have the opec and non-opec meeting. a lot of people focus on the ability of opec and non-opec to stick to the commitments. at least the difficulty of sticking to the commitments. it gets more difficult as time passes. >> it looks

but what should be latin america's wealthiest and most sta ble latin america's wealthiest and most stable nation is punch—drunk from yea rs of stable nation is punch—drunk from years of instability. many young people say they have no future here. i knew him for nine years, says this girl who has just buried i knew him for nine years, says this girl who hasjust buried herfriend and fellow youth orchestra member. it hurts me so much to see him taken in the bloom of his life, just 18 yea rs in the bloom of his life, just 18 years old. venezuelan has the world's second largest oil reserves, yet in cities across the country, people are so poor and hungry, they are looting shops for food, even when there is nothing there for sale. with an inflation rate of 900%, venezuelans are used to queueing for basic goods at subsidised government markets. but food and medicine is scarce. hugo chavez's socialist revolution failing the very people who supported it. thousands remain loyal, and chav is‘s success in nicolas maduro has rejected calls for the release of political prisoners. after a week of

a country once latin america's richest nation, exporter of food is now destitute. isn't this the product of socialism? joining us right now, "washington examiner" editorial director and hugo, i've been down there, i've been to caracas, i spent, i may have told viewers before, i spent weeks chasing hugo chavez all over venezuela trying to get interview with him. they keep promising manana and i would show up at some rally he would talk and talk, try to get in. didn't happen. the network said do your job here stateside. >> right. trish: but i did get to meet a lot of people and i saw hugo first-hand what the country was dealing with. on one hand, yeah they had some stuff handed out by the government. they had super cheap gas, because all of that was subsidized. on the other hand no one there hat -- had a future. no one could work toward anything because the reality the government was going to take it away. are we now looking at effects if you would of actual socialism? >> you know, trish, venezuela is an object lesson what happens with extreme forms of socialism. the

president trump has made a point, every time he talks to a leader in the neighbourhood in latin america, he makes a point of insisting that that should be a regional problem, that other countries in the region should become more active in trying to salvage the suituation, to improve the situation in venezuela. but, as i said, the us does not have a policy towards venezuela, it has an attitude. now, the situation in the country isn't new. there has been months of protests, food shortages, basically economic collapse, how has nicolas maduro been able to hang on to power? well, he has developed the tools of a police state. nicolas maduro‘s a dictator, that mostly has the support of the military. and we know oil—rich countries that have governments that can control the military are very hard to topple, and he is an example of this. as long as he has the support of the armed forces, it's going to be very hard to oust him. fighting has eased in parts of syria where a russian—led ceasefire has taken effect. the russian defence ministry says it has registered 15 violations since midnight

meanwhile once the richest country in latin america, venezuela is on the brink of collapse or civil war. how did this happen? we'll tell you. but first here's my take. as regular viewers know, i have tried to evaluate donald trump's presidency fairly. i have praised him when he has appointed competent people to high office -- and he has -- and expressed support for his policies when they seem serious and sensible, even though this has drawn criticism from some quarters. but there has always been another aspect to this presidency lurking beneath the surface, sometimes erupting into full view as it did this week. donald trump in much of his rhetoric and many of his actions poses a danger to american democracy. what makes the american system of government distinctive is not how democratic it is but rather the opposite. american democracy has a series of checks intended to prevent the accumulation and abuse of power by any one person or group. but there is one gaping hole in the system. the president. during his famous interviews with david frost in 1977, richard nixon made a comment regard

i do want to add that the fact that increasingly, it's not just hispanics from latin america who are in the country illegally. some of the rising populations are the biggest number of unauthorized immigrants we have seen are actually from other countries outside of latin america such as china, india. some of these other countries. and as a matter of fact we have seen the tide of mexican immigration reverse. we have more mexicans going back to mexico than coming into the u.s. and the pugh research center came out with a study where of the total unauthorized population in the u.s., less than half of them are mexican, which is historic for the first time they have recorded something like that. it's a trend we could see into the future as we have more people from other countries trying to get to the u.s. i also point out that the way they are getting into the country is increasingly through visas and they are just overstaying so they come here legally. at least on a tourist visa or other type of visa and once it expires they remain in the country and the u.s. doesn't have a very reliable

. >>> meanwhile, once the richest country in latin america, venezuela is on the brink of collapse or civil war. how did this happen? we'll tell you. >>> but first, here's my take. as regular viewers know, i have tried to evaluate donald trump's presidency fairly. i've praised him when he has appointed competent people to high office, and he has, and expressed support for his policies when they seem serious and sensible, even though this has drawn criticism from some quarters, but there has always been another aspect to this presidency lurking beneath the surface, sometimes erupting into full view, as it did this week. donald trump in much of his rhetoric and many of his actions poses a danger to american democracy. what makes the american system of government distinctive is not how democratic it is, but rather, the opposite. american democracy has a series of checks intended to prevent the accumulation and abuse of power by any one person or group. but there is one gaping hole in the system, the president. during his famous interviews with david frost in 1977, richard nixon made a st

he has made a point every time he talks to a leader in the neighbourhood in latin america he makes a point of insisting that his original problem, that all the countries in the region should become more active in trying to salvage, it improve the situation in venezuela but as i said, the us does not have a policy at an attitude towards venezuela. months of food shortages, basically economic collapse, how has nicolas maduro managed to hang on to power? he has developed the tools of a police state. nicolas maduro is a dictator with the support of the military. or you'll reach countries with government that control the military are very hard to topple and he is an example of this. as long as he has the support of the armed forces, it is going to be very hard to oust him but we have seen an opposition determined to do that and they have been out in the street, risking their lives, trying to show that he does not have the support of the country. the surveys indicate about 80% of the country does not want him in the presidential palace any more. it is not just in the presidential palace an

venezuela is the single most important situation in latin america. i think it will come and go but utimately those can't last. >> dr. rice, we are honored and on behalf of allous i want to say thank you for coming and you are invited back at any time. [applause] [applause] [applause] >> chris hays talks about his book, a colony in a nation. >> it seems like ferguson is really similar and i wanted you to talk about it compared to growing up in the bronx. >> in cities you have racial friction, bad neighborhoods and good neighborhoods, and all kind of like loaded ways in which police police communities. all of that to me was tied by the bronx and all those things that blew my mind about ferguson is it is jus 20,000 people. it is between the suburbs. you drive-thru it. it looks like anywhere. it is just strip malls and houses and shopping. and the idea what i experienced because the level of friction and evasiveness of orlanpolicin. all of that in a place that was anonymous. something about that blew my mind. >> watch afterwards on c-span2's booktv. >> a

i do want to add that the fact that increasing is not just hispanics from latin america who are in the country illegally. some of the rising populations are the biggest number of unauthorized immigrants we have seen are actually from other countries outside of latin america such as china, india. some of these other countries. and as a matter of fact we have seen the mexican immigration reverse. we have more mexicans going back to mexico than coming into the u.s. and the pugh research center came out with a study where of the total unauthorized population in the u.s., less than half of them are mexican, which is historic for the first time they have recorded something like that. it's a trend we could see into the future as we have more people from other countries trying to get to the u.s. i also point out that the way they are getting into the country is increasingly through visas and they are just overstaying so they come here legally. at least on a tourist visa or other type of visa and once it expires they remain in the country and the u.s. doesn't have a very reliable way to track w

now you look in latin america and most of the big states are functioning democracies. brazil, chile, peru, colombia. by the way, one of the things i wanted to do in the book is a democracy promotion is in iraq and afghanistan. that is a security problem and that is very hard. but columbia is the place we help bring back from the brink of it being a failed state. so they are actually doing very well. there are a few like the sandinistas that are still hanging on, and the cubans are still making trouble in latin america. and they will not last. i think those regimes will not last. the place i am most worried about is venezuela. this used to be a middle income country that now people cannot buy food or medicine. i do not think there is a contagion factor to the rest of the region because they are pretty strong. but i do think that the organization of the states ought to finally say enough. they need to arrange for that to be voted out of office. it's going to take a long time, maybe the transition over a couple of years because the liberal forces have been so suppressed b

latin america was populist long before we were populist. they were traditionally left somewhat alone. venezuela had the advantage of having such a huge oil economy that was such a large exporter and when we had oil prices where they were at the time above $100, it was an incredible boon to their economy. there was a tremendous amount of investment down there. it was looked at as a darling. there are always infrastructure issues there, getting distribution of wealth, but when we look at what has happened since over the past decade in terms of the level of corruption in venezuela, the stifling wealth inequality that now exists in that country, every government confronted with massive scandal across core industries, and actually to appoint goons squads in some respects with maduro taking out opponents, it is a throwback. frankly, i'm not sure the world is watching as much as it should be right now. oliver: you guys look at something that everyone is focusing on, which is taxes and what the trump administration will do for companies and individ

it's a growth rate that compared well to latin america. actually going to decrease if you take mexico outside of the equation by 1.6% in 2016. it compared well to the u.s. it compared well to europe. it doesn't compare well to our expectations. we would have wanted to do better. we would have wanted the reforms to take us to a larger level of growth, but relative to context, that level of growth is quite a robust one. and there's an additional complication from the perspective of government, we only have three tools that we can use to create an environment conducive to growth. we can do fiscal policy. we can do monetary policy, and we can do structural reforms. fiscal policy was there for mexico in 2008 onwards. and mexico used fiscal policy as a counter cyclical instrument after the crisis. we had run out fiscal space, and we have been fiscally consolidating and sending signals to the market that we will continue to do so. but that means that fiscal isn't help in terms of growth. monetary policy was a comaudative monetary policy for a lon

we are also looking into china and latin america. caroline: ongoing discussions continue for the combining of s,rces, you could be frenemie not haters anymore. how is the process going? jason: it is great, we have regular integration strategies and we have gotten the team introduced to each other. i am surprised in a positive way how the team has gelled. you look at how that two teams will come together, the different cultures, and if that will work. but we are much more similar than different. both makes sense, we're working in the sports base, very different products. not surprising, similar cultures. happy with how it has been going and we will put incredible consumer value out there in the coming years. caroline: what will the team or the name be? jason: we will have announcements soon, we're still working on that. and as you continue to evolve your product, you are working together, the technology, is it machine learning, taetg, you want it more enjoyable to use. what is the underlying technology driving that? jason: it depends

. >> i want people in latin america and africa and asia to start to look to america. to see how we're doing things, to wonder what the president of the united states is doing and not to look at khrushchev or look to the chinese communists. >> the fact is that kennedy did run to the right of nixon and he was saying that they were letting the russians get ahead of us in missiles. >> it frightens people. it's not true. but it frightens people and it's very effective in the campaign. >> i believe the soviet union is first in outer space. you, yourself, said to khrushchev, you may be ahead of us in rocket thrust but we're ahead of you in color television. i think that missiles are more important than television. >> the missile gap was a total lie. we out missiled them at that time better than 100 to 1. if eisenhower came forward and said this kid is not telling the truth, it would have been a different election. ♪ >> let every nation know, whether it wishes us well or ill, that we shall pay any price, bear any burden, meet any hardship, support any friend, oppose any foe

attacks also came from latin america. it appears to be the largest ransom ware salt on record. it is not clear if victims are paying the ransom, which began at about $300 to unlock individual computers, or even if those did pay would regain access to their data. a few more headlines. right now barber from greeneville, ohio on the democratic line. how are you? caller: just fine. host: what is on your mind? caller: i'm calling about the situation with the indians in that woman who said indians were not the first people here, and some did he ask her, how did she know this? she said she read, but so much of what we read anymore is not true. in your schools, do ever read anything actually about the indians? no. there is nothing in the books about indians, and i believe they have gotten a raw deal, just like the black people. why is it why people think they are superior? i am white, but i feel the white black people and the indians a raw deal. i just wanted everybody to know how i feel. thank you very much. from larry is calling deighton, ohio, on the republican line. caller: i want

latin america currently dominates. numbers in asia are expected to go, accounting for 70% of global internet users. we have a tech security firm‘s opinion on how the problem will be tackled. in every country you need three things. communication. consumers need to know what is legal and what is not. we have people that don‘t know it is illegal. then there is organised crime and everything in the middle. the second is a legal framework in the jurisdiction. the second is a legal framework in thejurisdiction. the the second is a legal framework in the jurisdiction. the third the second is a legal framework in thejurisdiction. the third is the second is a legal framework in the jurisdiction. the third is what we call a 360 degrees appreciation of technology. how high can the value of bitcoin go? it has set a record high and is hovering under $200,500. it is seven years since the first transaction in the digital world. i asked why they are doing so well. look at the global market for purchasing bitcoin. japan has recentl

. >> i want people in europe and latin america to looking to america to see how we're doing things and not look at kruschev or the chinese. >> he did run to the right of nixon and he was saying that they were letting the russians get ahead of us in missiles. >> it frightens people. it's not true but it frightens people and it's very effective in the campaign. >> you yourself said you may be ahead in rocket trusts but we're ahead of you in color television. >> the missile gap was a total lie. we out missiled them better than 100-1. if he came forward and said this kid is not telling the truth, it would have been a different election. >> let every nation know whether it wishes us well or ill that we shall pay any price, bear any burden, beat any hardship, support any friend, uphold any foe to assure that success of liberty. >> kennedy, in his inaugural speech, did not have a single mention of a domestic issue. he came to the presidency thinking his job was to run the cold war foorks defeat the russians. >> i do not shrink from this responaunonsibility responsibility. i welcome it. i sure

america. southern cone, we have a lot of opportunity and some challenges down there. what we want to do is step back and develop a western hemisphere strategy that thinks about south america in its entirety and its relationship to central america, but cuba and the caribbean as well. there are terrorist financing issues. there are terrorist networks that are beginning to emerge in parts of south america that have our attention. there are governance issues in certain countries -- certainly all of you are following the situation in venezuela -- a real tragedy -- but we're hopeful that working with others, including interventions by others in europe, that we may be able to gain some traction in venezuela. so we have a number of things in front of us yet to develop clear policies on how we want to go forward. so my view is that we want to look at these regions almost in their entirety first, because everything is interconnected. we can take a country and develop something, but if we don't have the

that's get back to oil prices meeting to rising a meter growth in countries from latin america to the middle east. emerging markets portfolio manager recently visited the middle east. thanks for joining us today. you had just come back from the middle east, how is the region dealing with lower oil prices, and the continuing heavy debt issuance calendar that we are seeing there? >> good morning. i think we are observing a wall that some of the austerity measures last week in saudi it was paid to civil servants, but we are and july and june whether they will be a listing of some of the lifting of subsidies. i think that is what matters because we want to see countries running fiscal deficits and we went to see them introduce measures to close the gap. at the same time, we are seeing debt issuance from kuwait, and some of that coming in at attractive levels with countries that have a significant level. nonetheless, we need to observe the path of reform and how they would deal with budget deficits in the face. it is benign but slow grind in oil prices. vonnie: how investable are those cou

his death draws a line under the old latin america of corrupt and one ofctators america's worst policy failures in supporting him. john simpson, bbc news. ofra: the complex legacy general noriega. what would it be like to step inside of a painting? you can find out. google has come up with a digital painting app allowing artists to create works in virtual reality. jane o'brien experienced the fourth dimension. here's what she discovered. pushing the boundaries of drawing is something she does daily. perhaps entering another dimension altogether wasn't that much of a stretch. >> i'm following the line within the space. jane: she is one of google's artists and residency working with tilt brush. >> it is about inviting someone into a room that used to only exist in your head. the spectator is a part of the way that i think painting and visual arts has been trying to do, but not as entirely as you can in this inhabited reality. theodora,bradley virtual reality is a bridge between him and the public. he usually produces his skeleton portraits in acrylic paints, but says vr helps them share

we began to latin america. we have been to the u.s. and we were in bangalore a couple of days ago in singapore and we will be going to sydney and now hong kong. ♪ we look at the sintech ecosystem and invite people to make banking better. as a 200-year-old institution, we do a lot of things really well, but the industry is changing quickly. we look at these innovators to platforms, our products, and really improve how we deliver solutions to our customers. ♪ >> i think it is a very good experience. it is more like people sharing, people sharing their ideas, how and use leverage syntax technology to connect people. i think that is a very good experience. >>: good morning ladies and gentle man, thank you for having us today. mobile challenge can help app developers get their product in the market and scale up. >>: i think it looks perfect. i think we are ready to go. >> when i sit in the audience and watch them pitch, i feel honored to be there and really optimistic. there are a couple gems that you are rooting for. i love the underdo

>> what i said in times is the best wall anyone can build is to give the people of latin america to have a better life. a chance for employment, to reduce violence in central america, and to have economic development. that is the pest wall because then there would not be endeuced to go north to seek a better life. each precedent in columbia, bra skill, argentina, should work for the people that we govern for them to have a better future and then we would not need walls. >> the controversy around the world, but specifically in all of latin america? >> of course, of course. many of them feel discriminated. why do we not have the opportunity to go to the u.s. and have a better life? and of course, to stop anything, immigration or goods, that is something that and when people regret it. >> you spoke about the drug crisis and it is something you have dealt with -- >> 14 years ago. and ts is a war that had not been won. it is not colombia's problem, but we must work together. it's the only way that we can control this big problem, and that's what we're doing. in the case of colombia this time,

america. southern cone, we have a lot of opportunity and some challenges down there. what we want to do is step back and develop a western hemisphere strategy that thinks about south america in its entirety and its relationship to central america, but cuba and the caribbean as well. there are terrorist financing issues. there are terrorist networks that are beginning to emerge in parts of south america that have our attention. there are governance issues in certain countries certainly all of you are following the situation in venezuela, a real tragedy, but we're hopeful that working with others, including interventions by others in europe, that we may be able to gain some traction in venezuela. so we have a number of things in front of us yet to develop clear policies on how we want to go forward. so my view is that we want to look at these regions almost in their entirety first, because everything is interconnected. we can take a country and develop something, but if we don't have the perspec

we are, and wish to continue to be, the best destination in latin america for american businesses. colombia will continue to be very proudly a close friend and a strategic ally of the united states. dear president trump, i hope you can visit us soon so that you can personally witness the transformation underway in our country. i hope to be able to welcome you to a colombia in peace, a better educated colombia, that you have so much contributed to. thank you so much. president trump: thank you very much. does anybody have any questions? [laughter] i'm shocked. john, go ahead. >> mr. president, thank you very much. mr. president, i'd like to get your reaction to deputy attorney general rod rosenstein's decision to appoint a special counsel to investigate the russia -- russian interference in the campaign. was this the right move, or is this part of a witch hunt? president trump: i respect the move but the entire thing has been a witch hunt. and there's no collusion between certainly myself and my campaign, but i can only speak for myself, and the russians, zero. i think it divides th

they are going to latin america, also out of the middle east, looking at some stabilization, improvements in brazil, even mexico. investors still looking here, but more at india, cambodia, thailand, and still worried about china. >> you have called for a shifting towards the e.m. space for some time now, but given the valuations we are seeing and the , calls to go long emerging markets, do you see this becoming too crowded? >> in equities right now, the first thing you think is developed markets. developed markets still have gape a bit of a valuation to emerging markets in terms of pricing, so from that perspective, emerging markets are interesting. >> let's bring in what has been going on, going on since february last year, this ramp up of investment flooding into this space. forget about the different is again the search for return, but are they getting it? >> it is starting from a base of severe under allocation. investors sell out of emerging markets from a low base to begin with and the low race and equities overall, which is why you see them sticking with places like the u.s. where

we think that southeast asia and latin america will be exciting places to invest and that we will have more resources going forward. >> the treasury secretary steve mnuchin is thinking outside the box when it comes to financing infrastructure. >> we are studying ultralong bonds. >> end of the commerce secretary shares his thoughts on what needs to happen with nafta. >> nafta is an old agreement, it is an obsolete agreement. it does not reflect the current status of the mexican economy, for the american, or the canadian. >> welcome back to a special edition of bloomberg best from the melkin institute global conference. president trump has from us to overhaul financial regulation, health care, and of the tax code as part of his vision. john micklethwait spoke with the treasury secretary steven mnuchin about the administration's plan to spur economic growth an an act form. >> there are -- and enact reform. >>there are a lot of things we ne to do. sweeping economic change is one of them, the tax plan. we need regulatory relief. too many businesses are held back from investment due to exces

. >> reporter: groups performed dances from across latin america and the caribbean. the rich history of countries. while hundreds danced, some paraded down the street several feet off the ground. some even walking on their hands. >> i think it is great san francisco is bringing so many cultures here so many people can see it. it is like our own place in rio. >> reporter: she has attended carnival for three decades and watched gentification change her neighborhood but today the community's roots are in full display. >> our culture is still here. they are here for a couple years, they get a taste of it and then leave. but we still come back. our heart is here. >> reporter: the theme this year, the heart of san francisco. in san francisco, jessica flores, kpix 5. >>> looks like fun. michelle griego and joe vazquez was out there anchoring our coverage. airs june 3. not a bad day for it. chilly side with over cast skies near the shoreline. much of the same for us tomorrow. morning drizzle around the area. near the coast and then sunny around the bay. inland looks good. by

then, spaniards who emigrate to latin america but never let go of a dying wish--to be buried back home. welcome to the show.

are you seeing a right-wing shift in latin america and the united states? and what form do you think that resistance should take today? today it is difficult. i believe that our resistance today -- and this is a major gain for us in latin america - today we can resist without having to go into the underground, without - rather, using the most important weapon of democracy, which is the word and "debate." we can do that today. before we couldn't. before we were somehow shackled by the d dictatorship. today,y, our resistance e and te resiststance in the united state is thehe same. that is to say i think we are , all going through the full in process. there is an increase in financialization instead of the financial industry serving productive industry and productive services and all activities. the financial sector became the master on becoming the master it channels to itself the largest part of income and this produces inequality, stagnation, precarious employment, and co-optation by some of the press. which means that shareholders, ceos, all of management

the role of the united states with regard to europe and asia and latin america. these factors as an international destination hotel both here and in asia, i'm very concerned about all the things that affect tourism. >> so trump you said before is very beneficial to you here in the united states, at least sentiment by businesses as well as tourists. how do you feel about him and the relationships he's had so far with the likes of carolina and other places where you do, do business. 2022 is around the corner. are you concerned there will be a misstep between president trump or president xi that can de rail 2022 for you? >> well, i had the advantage the privilege, of being in the white house two weeks ago and discussed this matter with president trump. >> what did he say about that? >> we have been friends for 22 years. how'd you get along with xi xin ping and the president was keling me and related to me over a period of an hour or so, the details of his good time and the very positive reaction that xi xin ping had to him. this is a great guy, we got along terrific

i don't think western europe, latin america, north american. he hasn't got to first base in most of the asian markets, japan, south korea and india. that's where he needs to hit home runs. whether he can do it or not, that's the risk. the investment story has played out kind of according to plan. >> how do you invest in a world of netflix and amazon in these two giants are spending na muth much on content. how does that change where you put your money? >> content has been a very tough area for venture capital. you need a lot of money to go up against guys that can spend hundreds of millions producing the content. in the retail sector, you are seeing some emerging companies, wish, house, fanatics. these are companies that aren't yet household names but doing billions of dollars in annual gmv and sales. they are creating specialized, mostly vertical categories to go after amazon. it is tough. amazon is a ruthless competitor. you have more than 50% of u.s. households with amazon prime. >> we did ask them about amazon and hulu and netflix and wheth

america will be exciting places to invest. we have more resource outside the u.s. going forward. erik: up next, treasury secretary steven mnuchin is thinking outside the box when it comes to financing infrastructure. mr. mnuchin: we are studying altra-long bonds. that is something we are considering at treasury. erik: an wilbur ross shares his thoughts on what needs to happen with nafta. >> nafta is an old agreement, and obsolete agreement. it does not reflect the current status of either the mexican economy or the american or the canadian. ♪ ♪ erik: welcome back to a special edition of "bloomberg best." from the milken institute global conference. i am erik schatzker. president trump has promised to overhaul financial regulation, health care, and the tax code as part of his vision for america's future. john micklethwait spoke with treasury secretary steven mnuchin about the administration's plans to spur growth and enact reform. mr. mnuchin: i think there are a lot of things we need to do to create economic growth. the ta

are you seeing a right-wing shift in latin america and the united states? and what form do you think that resistance should take today? today it is difficult. i believe that our resistance today -- and this is a major gain for us in latin america - today we can resist without having to go into the underground, without - rather, using the most important weapon of democracy, which is the word and "debate." we can do that today. before we couldn't. before we were somehow shackled by the dictatorship. today, our resistance and the resistance in the united states is the same. that is to say i think we are , all going through the full in process. there is an increase in financialization instead of the financial industry serving productive industry and productive services and all activities. the financial sector became the master on becoming the master it channels to itself the largest part of income and this produces inequality, stagnation, precarious employment, and co-optation by some of the press. which means that shareholders, ceos, all of management are the

it's spreading like wildlife across latin america, from argentina to mexico. thousands of women rising up, demanding no more femicide. at the front lines of this fight here, renowned rapper mikey graf. ♪ ♪ she's part of the all-female graffiti group the dolls clans. they use music and art to publicly speak out against the plague of machismo. making sure young women's voices the first step in a much bigger fight, a global cultural revolution. >> maybe we can get the young back and have a strong movement that can change the way we can see peace in this country. >> reporter: their hope that so many, like maria jose alvarado, will not have died in vain. we'll be right back. ♪ hi, i'm frank. i take movantik for oic, a bad back injury, my doctor prescribed opioids which helped with the chronic pain, but backed me up big-time. tried prunes, laxatives, still constipated... had to talk to my doctor. she said, "how long you been holding this in?" (laughs) that was my movantik moment. my doctor told me that movantik is specifically designed for oic and can help you

but it mayit is, change it we think there is growth in emerging markets, saudi arabia and latin america will be exciting places to invest. we have more resource outside the u.s. going forward. erik: up next, treasury secretary steven mnuchin is thinking outside the box when it comes to financing infrastructure. studyingin: we are altra-long bonds. that is something we are considering at treasury. erik: an wilbur ross shares his thoughts on what needs to happen with nafta. >> nafta is an old agreement, and obsolete agreement. it does not reflect the current of either the mexican economy or the american or the canadian. ♪ ♪ back to a special edition of "bloomberg best." i am erik schatzker. president trump has promised to overhaul financial regulation, health care, and the tax code as part of his vision for america's future. john micklethwait spoke with treasury secretary steven mnuchin about the administration's plans to spur growth and enact reform. mr. mnuchin: i think there are a lot of things we need to do to create economic growth. the tax plan is one of them. plan,nk reform of

the riel fell 5% from the dollar as investors began worrying about temer's ability to reform latin america's biggest economy. this began tumbling in 2013. the soybean and oil exporter went into freefall, from a leading economy into recession. although growth is expected to return this year. it is not only temer's political survival in the balance, but the reserve -- the reforms to get brazil into shape are now under threat. that at a time when over 13 million people have no jobs at a rate of 12%. daniel: we want to take you now to a live news conference. u.s. president trump is speaking at the white house. let's take you there. donald trump: look at what will be happening, you will see incredible numbers with the success of general matters -- mattis and the isis situation. the numbers are staggering. the military has been successful . tomorrow i'm going to saudi arabia, going to israel, going to rome. we have the g7. we have a lot of great things going on. i hate to see anything that divide. i am fine with whatever people want to do, but we have to get back to running this country really, re

it's spreading like wildlife across latin america, from argentina to mexico. thousands of women rising up, demanding no more femicide. at the front lines of this fight here, renowned rapper mikey graf. ♪ ♪ she's part of the all-female graffiti group the dolls clans. they use music and art to publicly speak out against the plague of machismo. making sure young women's voices are heard. the first step in a much bigger fight, a global cultural revolution. >> maybe we can get the young back and have a strong movement that can change the way we can see peace in this country. >> reporter: their hope that so many, like maria jose alvarado, will not have died in vain. we'll be right back. hi, i'm frank. i take movantik for oic, opioid-induced constipation. had a bad back injury, my doctor prescribed opioids which helped with the chronic pain, but backed me up big-time. tried prunes, laxatives, still constipated... had to talk to my doctor. she said, "how long you been holding this in?" (laughs) that was my movantik moment. my doctor told me that movantik is specif