this will feed us into a conversation about south africa. political infighting in south africa. sending the rand tumbling as the president is set to fire his finance minister. we assess the situation on the ground. that is coming applied later on in the program. the open, cap 20 minutes away. this is bloomberg. ♪ ♪ welcome that to the european market open. 18 minutes to go until the start of cash trade and we are looking at futures that are pointing up after a turnaround in equities worldwide yesterday, starting in the u.s.. let's get the business flash with juliette saly in hong kong. juliette: ericsson provisions the third million in quarter. the company said the announcement was triggered by recent negative developments related to certain large customer projects. move highlights the challenges that ceo faces as he tries to stabilize the network maker. strategic opportunities for its media business. the long goodbye is finally over. or that two years after he was ousted from pimco, the from he cofounded and turned into a $2 trillion asset manager, the company will pay him

ratingunced its regular in south africa on april 7, south africa had been rated higher than other institutions. stepping back from the downgrade one point because of the on south africa's institutions. that looks to be more at risk. justification in last night to bring forward its ratings review of south africa is -- not necessarily going to be bound by rating schedule. anna: we have seen previously president zuma bounced into a change of heart by market reaction, in part by market reaction. , am thinking of the debacle and court on being appointed. furthere we get reshuffled or is this a done deal? razia: the key thing to watch is what triggers in response. there has been a deal of talk there could be other resignations from cabinets. cabinet members who were not effective, who do not necessarily agree with what was decided. unfolded made clear that this does not necessarily have anc,road consensus of the for example. an organization that has always consulted on decisions with this magnitude. the days ahead are going to be key in terms of the kind of south africa that will be revealed. anna:

mike, south africa. the finance minister sacked in this cabinet reshuffle, the south african rand hitting seven-week lows. do you think we'll see stabilization at any point? >> no. i think because next week moody's was due to report on south africa. they're one notch wide of their peers. they're two notches ahead of investment grade. they feel like an outlyer. i think the downgrade were coming. if i were zuma, i think he made a huge mistake. he put gordhan on with the mandate not to get downgraded. moody's downgrade would have been tangental, they would have still be an investment downgrade, but still a do downgrade, he could have blamed gordhan for doing that and then fire him, but he lost that opportunity. i think they were going to go to stag stable, would be my guess, now they may go negative. s&p has an itchy finger focussed on politics, now the likelihood that they're downgraded is more so. it was very unlikely that we were going to see forced selling of south africa because of a move to junk this

big exposure into south africa. as we know, there has been a significant political change overnight, which is rippling into the currency market, and could ripple in to the equity market as well. going nowhere at the moment. individual names -- the open four minutes away. ♪ ♪ cash open one minute away now. what we can expect. you can see it in the bund future's and open this morning. not a lot going on. just looking for a sense of direction. the fair value on your bloomberg pointing to an absolutely flat open on the euro stocks this morning. ftse looks like it could be lighter. watch the minors this morning and old mutual as well. exposure could be something you don't want to have this morning. if you are investigating into those stocks. there, not aggressively priced in. watch copper prices as well. oil may be softer as well. nevertheless, it is the end of the quarter. we are getting into the market open. let's find exactly what has happening. we are anticipating a quiet start to the day. this is the picture as

we need to think about the land and south africa. the south african president fired his finance minister and made changes to his administration in a high-stakes power struggle. this is the picture for the rand. you have a couple of good charts. why this is of concern is the finance minister that has been fired, a friend of the show, he has been on many times to talk about the challenges in south africa, was believed to be the very best. he was focused, and the credit rating agencies trusted him, maybe more than anyone else that could come into power. let's get more and bring in the pimco manager of emerging markets. david herro is still with us here give us a sense of the south african story. how much of this is a concern? we are seeing volatility on brand. nd has weake significantly. is there anyone that can replace mr. gordhan? that is a concern for my kids, as you pointed out. we have seen -- that is a concern for investors, as you have pointed out. it is important to think longer-term and view this as the beginning of the end for

is south africa happy about that? is south africa happy to have them issuing currency, on behalf of a country with a whole heap of problems? is the us happy we are using the us dollar. but you are talking aboutjoining a currency union. the markets will lead you there. currency, we did that well after the people had already moved and shifted to the us dollar. it doesn't matter if south africa is happy about it or not? we are talking to south african. what are they saying? they are our neighbours. they are warm to the idea. who would not want their currency being used by a neighbour? somebody who is worried out of our currency we can motivate more production in the south african economy. if they extend rand loans to us and they are looking for home for their capital. and they will say you are basically of south africa. well characteristicically and economically, we have always been, it is nothing new. so you are surrendering sovereigntthsouthailical no, there is no sovereignty in a globalised village. in a global villag

has south africa lived up to those ideals? ahmed kathrada, welcome to hardtalk thank you for having me. when you think back 50 years ago, what were the ideals for which you are fighting? in one sentence? it was for a non—racial, non—sexist, democratic south africa. that sums up the whole struggle. that sums up the whole struggle? but, for you, there were years of what became an incredibly difficult life? you were arrested more than 18 times? you spent 26 years of your life in prison? there must have been times when you thought that this wasn't for you. there was no such thought at all. the activities for which we were arrested, we already knew what the consequences could be. many of our colleagues were hanged. others were tortured to death, some were assassinated. we had an idea of what it could be. prison was a bonus because many of our colleagues didn't live to see it. you knew the price that you would have to pay. was there a moment when you were young which you felt was such an outrage that you committed your life to i

let's go from the us to south africa. there is an awful lot of speculation around the finance minister. look at what that speculation has done to the random the last couple of days, it has slid by as much as 2% today. it also fell dramatically yesterday and all of the speculation was big enough that the finance minister actually pulled out on international trade trip. let's get more from johannesburg. the recall of gordon from a richer and the us really spooked markets because they could not understand why a president would do that. analyst talking to the media today have called it economic sabotage and a president who i quote is hell—bent on breaking south africa. all of it has really raised the sceptre of political risk in south africa. is not the economic fundamentals that are wrong, not the attractiveness of south africa as an investment destination but the politics that have started to cloud thejudgment of politics that have started to cloud the judgment of the leadership and investors do not like that. notjust inv

south africa lead the series 1—0. anthony crolla says he's is considering moving up a weight class to pursue "big fights" following his defeat byjorge linares on saturday. promoter eddie hearn raised the prospect of crolla moving to light—welterweight which means he could fight the winner of the fight between ricky burns and julius indongo on 15 april. crolla has been speaking to our reporter richard askam. a bit bruised, a suspected hairline fracture on the ribs, which is sort of out of the fight and stuff. i lost to a great fighter so there is no excuses whatsoever, a very, very no excuses whatsoever, a very, very good no excuses whatsoever, a very, very good fighter and i gave it everything on the night, everything in training camp. and itjust wasn't enough. obviously the disappointment, not being able to do it, in my intern with the support that i have. it is more gutting and an upsetting feeling. i certainly would be able to do much exercise over the next few weeks with the injuries. but there are plenty of opt

whilex is trading up london was down under pressure of south africa's political turmoil. biggest annuale increase in inflation in nearly five years today, inching past the federal reserve's 2% target. are going out with a whimper. with the dow jones and smp in the red and the nasdaq on most completely flat. the sacking of south africa's finance minister has taken a toll on the country's currency. the rent has dropped 8.7% since ththe start of the week. see the rant against the dollar. it is a pretty steep drop. we're going to argentina. labor unions are calling for salary increases and and and to job cuts. catherine diaz has more. >> marching for their rights, hundreds of workers took to the streets to protest government reform. an endions are demanding to widespread layoffs in both the public and private sectors. they vowed to hold a series of strikes to keep pressure on. >> the reality that people don't want to leave. after the strike we need a commitment that we are here, that there will be a fight to change the economy hold that harms us. which is a threat to us. >> m

south africa's finance minister appears the on the way out. president zuma says he will fire gordon. cancelred gordon to meetings and return home. he is trying to keep added in check and avoid a junk credit rating. global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. mark? 's outlook drops. we will discuss that in focus. awaiting a news conference from paul ryan and gop leaders following the failure of the health care bill. this is bloomberg. ♪ julie: live from new york, i am julie hyman. i am live from london, mark barton. oil is gaining. opec in libya halting the pipeline from the biggest field, tempering concerns as the u.s. continues to expand. joining us is the managing director at kkm financial's. thank you for joining us. is the path of least resistance up or down for oil? >> it appears that it is still down. if you see the consolidation pattern taking place around the 48 level, it got down to 47 yesterday. this consolidation pattern feels like the momentum has sh

with great regret the committee have decided that south africa be excluded from the 1970 competition. streaking across the sky, the white hot wreckage from mir drew gasps from onlookers in fiji. this is bbc world news. the latest headlines: cyclone debbie has made landfall in the australian state of queensland, buffeting resort towns and islands with winds of up to 270 km/h. after yea rs of battle against syria's government forces, rebels begin to leave the city of homs. let's get more on our top story, and our correspondent hywel griffith is in ayr, a town in lockdown as people there prepare for whatever cyclone debbie throws at them. this is the centre of ayr, one of the towns that's preparing to be hit very hard by cyclone debbie when she hits. as you can tell, it's pretty much on lockdown. all the shops are close, sandbags lining every door. they are expecting torrential rain to fall here for several hours, and that brings the risk of flooding. people here know that, while the cyclone may pass, the impact could be with them for several days. for the local fire service, it's a case

africa in south africa last year has been banned form match manipulation, basically influencing the result of the game gig focused the result of the game which focused on several contentious decisions, the most obvious of which was a penalty that he awarded to the hosts. this was just before half—time when the ball hit a player's knee. he gave a penalty even though his assistant referee was pointing for a corner. and even ,- all the players just trudged though all the players just trudged off toa though all the players just trudged off to a weighty corner, because dermody expected a penalty. so he been banned for life. fifa are has been banned for life. fifa are yet to give full details of what exactly he did and what evidence they had that makes them so sure that he deserves this banned for e but that is the news that came life. but that is the news that came out of it. it is a major thing to say that a world cup qualifier in a continent has been unlawfully influenced by the referee. ijust to talk to the referee today tried to talk to the referee today and he said he was not in t

i will begin with south africa. that is one of the few -- to impose martial law. notably, in his correspondence with the polish leader, rated france's opposition to martial law and human rights terms. i want to turn lastly to those places where i think the reagan administration paid attention to human rights very late or under external pressure. i will begin with south africa. that is one of the few non-communist countries toward which the reagan administration policies and slowly evolved. this administration became more engaged with human rights concerns there over the eight years. i would argue the administration largely sussed it -- shifted course to two congressional and nongovernmental pressure, raising questions about much reagan's stance truly developed over his presidency. though reagan was on the record is condemning apartheid repeatedly, his policy towards south africa was formulated with in a cold war context, which led officials to overemphasize the threats -- threat of communist to the country and regio

i don't think -- >> the students says this trip to south africa is a trip about south discovery and see others who survive on that. >>[singing] >> these are students in south africa singing to students who made the journey last year. they say this is a necessity, a transformative experience. the students will travel to cities, townships and rural areas meeting peers and visiting government and historical sites. >> travel has the ability to teach you things so many lessons at once. it will take years and years and more experiences before you have the one opportunity. >> even before embarking on this trip, there were lessons learned about packing and getting the necessary documents required for international travel. >> it definitely opened up my eyes. >> he went to south africa as a senior and she's returning as a mentor. >> i learned a lot about myself and my history and i came back wiser. >> he says he's grown up fast helping a single mother raise two younger brothers and his trip is a right of passage. >> i'm trying to get that childhood out before the real world hits me. >> this trip

vonnie: let's switch countries to south africa. rand having a phenomenal day after the central bank made the decision. toing andlitical frowing. marcus: he has a real cabinet crisis on his hands indicates that his finest minister. senty serious message was when he rate called -- he recalled from the national roadshow. but he has obviously not quite got the power to go through with his threats to come in his party numbers who would be against it. i think more importantly the president would quite possibly resign and several other cabinet ministers with him that would cause essentially a zuma. for mr. he has a difficult position and trapped himself into a corner. at the moment the market seems to think he doesn't have the momentum to carry out his threats. vonnie: the economy is weak right now and heading for another weak year. doesn't lose power and is a benefit south africa in the end? marcus: wow. how do you answer that question? the rand is the most risk on risk currency and is doing extremely well the last two months. perhaps a

you can read more about safra south africa and all of our quick takes on the bloomberg. head to bloomberg.com for more stories. mark: the global rally petering out after gaining more than 5% this year. is it a correction? is it a break? that conversation next. this is bloomberg. ♪ vonnie: live from london and new york, i vonnie quinn. mark: i am mark barton. european stocks drifting lower for a fourth day as we are approaching the close. setting the tone for global equities as investors decide whether a recent rally is merely correcting or taking a break. joining us now is a markets writer for our live blog. are nvestors -- investors in fred preparation mode? >> that's right. everyone is taking stock a little bit. we pretty confident that the fed is going to move. at the moment, the dollar has kind of settled a little bit after it has been up and down this year. rates have been at the top of the range, but have not been pushing too much higher. equities have been backing off from the highs and the u.s., but what people really want to do now is get through the payroll d

i have a school in south africa for girls. [applause] david: it just celebrated its 10th anniversary? oprah: it just celebrated its 10th anniversary. i have girls from brown to stanford, all over the united states, going to school. i have 10 graduations to attend in 2017. i remember when i started the school and said to my beloved friend maya angelou, i am so proud. this will be my greatest legacy. she said, you have no idea. [laughter] "you have no idea what your legacy will be because your legacy is every life you have touched." that shifted the way i saw legacy. she was explaining that everyone who decided they would go back to school, lose weight, no longer hit their children, get out of a bad marriage, all of those people who have seen and experienced your voice, and the same with everybody here, you have no idea what your legacy will be. your legacy is every life you have touched. i know you have done amazing things with your philanthropy. we like to think that these great philanthropic moments are the ones that leave th

. >> this video was captured at a gas station in south africa. keep an eye on this woman here, she's just gotten to this gas station with her son. they've been traveling from zimbabwe moving to start a new life in south africa. they can't find a hotel to stay, apparently they looked but it was too expensive. they decided to wait at this gas station where they thought it would be safe, you see other people hanging out there as well. it's well lit. >> safe assumption. there's going to be people coming and going, not the kind of situation where you're going to feel the load. >> when they saw the woman 58 years old, they turn around and approach her. with her is her son tony, who starts to protect her. you see him putting his hands around her. tony has the machete. >> mugs are not uncommon in south africa. in these situations, you almost have to just stop they'll go through all your pockets, take all your money, but if you fight back, it can get very violent. >> they took all the money they had with them, which was roughly $500. >> it's just disgusti

they've been traveling from zimbabwe starting a new life in south africa. they can't find a hotel to stay, apparently they looked but it was too expensive. they decided to wait at this gas station where they thought it would be safe. you see other people hanging out there as well. it's well-lit. >> a safe assumption. there's going to be security cameras, people coming and going. it's not the situation where you feel alone. >> walk these two men that walk up. when they spot the woman, jean, 58 years old, they turn back around and immediately approach her. with her is her 28-year-old son tony who immediately starts to protect her. you can see him putting his hands around her. did you see that? the guy in the -- >> huge mistake. >> yes. they immediately start attacking her and hitting tony with the machete. >> this is not uncommon in south africa. in the situations, you always just have to stop. because they'll go through all of your pockets and take your money but if you fight, they it will get messy quick. >> they did take all the money that they had with th

kathrada, who was 87—years old, dedicated his life to the struggle for freedom in south africa and remained politically active until his dying days. hundreds of syrian rebels and their families have left their last stronghold in the city of homs. under an evacuation deal backed by the russians, rebel fighters boarded buses out of the city, for another rebel—held area in the north. president trump's son—in—law, jared kushner, has agreed to testify to the senate intelligence committee, as part of its investigations into alleged russian interference in the us presidential election. now for the latest financial news with sally and world business report. president trump's expected to ditch obama's clean energy policies later today but the big question, will the move really help to boostjobs? and hit the road, jack. uber‘s self—driving cars are going back on the road after a crash in arizona. welcome to world business report. also american airlines and china's biggest airline agree a strategic partnership, rico will have all the detailfor partnership, rico will have all the detail for y

in south africa. and he was the first black man to ever receive the nobel prize. looking at south africa from that prison i became to become more aware of what the african national, anc was doing, and what its leadership was aspiring to, to make decisions that would help us support the struggle that the people of south africa were experiencing and resisting apartheid. >> it is one thing to work along side dr. king as you did so courageously, but with regard to mandela, for 27 years, certainly he was behind bars. what do you recall more principally about working along side one of the leaders of this movement to end apartheid when he himself for most of that time was behind bars? >> it was a very touching and a very exciting and rewarding experience. often i went to vice mant by the name of oliver who had been selected by the leadership of the anc to lead the anc during mandela's incarceration. so for all intents and purpose, he was the head of the anc, was the one that was given the authority to give instructions to the rest of us, who are in the service of that ca

england's south africa and then the champions trophy injune. england's focus on the first half of this year leading towards that major icc event, england 3—0 victors in the west indies. manchester united boss jose mourinho was relieved with what he called a positive result in the europa league last—16 first leg tie against fc rostov in russia. it finished 1—1, with mourinho's men claiming the important away goal, as alex gulrajani reports. no red carpet for manchester united in russia. the pitch in rostov had left jose in russia. the pitch in rostov had leftjose mourinho in russia. the pitch in rostov had left jose mourinho stand. in russia. the pitch in rostov had leftjose mourinho stand. he didn't think the game should even be played. united made the best of it. even the worlds most expensive player, paul pogba, was finding the going tough. he wasn't the only one struggling. the normally clinical zlata n struggling. the normally clinical zlatan ibrahimovic was anything but tonight. eventually united found their feet and ibrahimovic was

back to south africa, and a cabinet reshuffle is expected, 01’ and a cabinet reshuffle is expected, or that is the speculation. the rand is falling. we know that the finance minister and the prime minister do not get on and have got on for ages. whether or not the five —— finance minister has been called back to learn about another shuffle or this isa learn about another shuffle or this is a power play and he has got to be shown who is boss by the president, but the domestic uncertainties will be bad news for the rand when the south african economy is doing rather better. the central bank is expected to cut rates very soon and growth is excel are rating —— is accelerating. james, thanks for joining us. many people getting in touch about their views on chocolate, some saying they want the same size and others saying you have got to cut down. still to come: we meet the firm that sells second opinions on your medical prognosis. and offers to guide you through the confusing — and expensive — world of treatment. but at what cost? you're with business live from bbc news. let's

.>>> students from oaklands clonus high school raising money to travel to south africa for a two-week cultural exchange program this month. the 23 students call themselves culture keepers, they will learn about south african history and culture and take part in a cultural exchange with south african students. they've been raising money the past few months and create a video explaining why they want to go. >> if i go to south africa, i feel like the piece of me, can be filled up. i want to bring it back to share with others because i'm not the only one who feels disconnected. >> i have looked at it my whole life. i want to go somewhere where we all, like, started. >> the students will be in south africa from march 20 to april 9, they set up a gofundme page to finance the page, called send matt to africa. >>> interesting video showing you when mom and dad are way the kids really will play. this video has gone viral, new york city twin brothers andrew and ryan put to bed for the night. her parents thought so. this time lapse a video shows the kids tearing their bedroom apart. their slumb

it's not the result that from the perspective of south africa as a country that we can't host in terms of infrastructure and all those things, it would simply be based on financial consideration in terms of what the commonwealth expected to achieve financially out of this and what we are able to afford. this penalty awarded to real madrid during their 3—2 win over villareal has released but intense debate in spain this week. the barcelona defender gerard pique hinted the european champions benefit from referee decisions and the villareal president also complained after the match, saying he didn't like the officiating crew left the stadium carrying real madrid bags with small gifts like keychains, pins and pens. zinedine zidane was asked whether his side applied pressure on referees. translation: do you really think i'm going to answer that? no, no, translation: do you really think i'm going to answerthat? no, no, i won't get into that. i respect everyone. everybody can have an opinion and express it. all i'm going to say is i don't agree. what i care about are my players, who are a d

he seen as a stabilizing force in south africa's often volatile economy. and the say the country could still be in for a rocky ride. >> i think the effect of the current minister of finance would be extremely serious for the country and for its economy as a whole, because it would be the capture ofof the national treasury by forces that are closely aligned to the president, who are keen to get their hands on the funds in the national treasury. kate: the british government is preparing for future outside the european union when it triggers article 50 on wednesday. many have begun moving operations away from london for fear they will lose access to the european market. ar -- >> all set to kick off the form process of leaving the european union, british prime minister theresa may is building up her list of allies. a day after qatar announced the new 5.7 billion euro investment in the u k, may said britain for hostpaving the way brexit trade agreement. >> we should seize this historic opportunity to get out into the world and to shape and even bigger role for

quick word on what is happening in south africa territory. said thean for the anc people who are suggesting that jacobs emote is going to fire his finance minister are misinformed. that is the amc line we have coming through but the markets are going with the nervousness around the positioning. manus: three people who were at the meeting on monday said and they are asking not to be identified saying that jacob zuma is firing gordon. he pulled back from his public meeting in the u.k. and u.s. the market open is next. they will be speaking to the head of goldman sachs in south africa. stay with us for that. this is bloomberg. ♪ careful joe, they've got you outnumbered. the dinosaurs' extinction... don't listen to them. not appropriate. now i'm mashing these potatoes with my stick of butter... why don't you sit over here. something for everyone is awesome. find your awesome with the xfinity stream app. more to stream to every screen. thank you so much for that down home welcome. show me female vocalist of the year. thank you so much. thank you

africa in hamilton. the black caps resumed their opening innings on 67 without loss in the weather affected match in reply to south africa's 314 and moved to 132 for one with tom latham the only wicket to fall, dismissed after making his half century. the tourists lead the three test series 1—0. shoaib malik hit an unbeaten 38 as pakistan won the opening twenty 20 match of their four game series against the west indies in barbados by six wickets with 17 balls to spare.. the hosts who are also world champions at this format struggled to 111—8 in their 20 overs with debutant leg—spinner shadab khan taking 3—7 in his four overs. to tennis where japan's kei nishikori came through a tough test needing almost three hours to beat fernando verdasco in the third round of the miami masters. the number two seed took the first set in a tie—break before the spaniard fought back to level the match in the second set again in a tie—breaker. but nishikori dominated the third set winning it 6—1 to set up a l

of the political instability of happening in south africa. let's get abigail doolittle with a look at how various assets have performed for the quarter. looked at a nice rally for u.s. stocks in the first quarter of this year. on the last the of trading, not a lot of action. look at the quarterly performance for major averages in the u.s. both the dow and the s&p 500 are on pace for the sixth of quarter in a row. the dow, the longest quarterly winning streak since december 26 -- december 2006. the outperformance for the nasdaq off about 10% in the quarter. underperformance from the small-cap russell 2000. but have a look at this in the bloomberg by taking a look at g #btv 7344, in white, the six of quarters for the s&p 500, in blue, the outperformance for the nasdaq. look at the russell 2000, the smallest game going all the way back to june of 2015. driving outperformance for the tech heavy nasdaq not surprisingly are some of the big tech names, including apple, amazon, facebook, and microsoft. look at these games. apple up 24% over excitemen

while rain has thwarted new zealand's attempt to level their series against south africa, the third test in hamilton was abandoned without a ball being bowled on the final day, with the hosts needing five wickets to win the match and the proteas still needing 95 runs to make the black caps bat again meaning south africa win the series 1—0. the oakland raiders nfl franchise have released a video of their planned new stadium following the announcement that they're to move from california to las vegas in the state of nevada. the raiders will start playing games in the new $1.7 billion stadium in vegas sometime in 2019, or the following year, but will continue to play at the oakland coliseum until the move. they secured financing from major us banks, and an additional $750 million will come from public funds via a visitor's tax on las vegas hotel rooms. and talking of las vegas, here's a must see from there. front flips are usually reserved for gymnastics or trampolining, but... a monster truck driver became the first in the sport's history to pull off a front flip at the monsterjam world

it's day two of the first test between new zealand and south africa in dunedin. there just getting going again after lunch. south africa began the day on 224 for four but lost four wickets in the morning session and were all out for 308 shortly after lunch. in reply, new zealand are 22—1. meanwhile, kusal mendis made 194 as hosts sri lanka took control of the first test against bangladesh. niroshan dickwella and dilruwan perera added half centuries as the hosts were all out on day two for 494. in reply, bangladesh will return to the crease on 133—2, 361 runs behind. heather watson defeated nicole gibbs of the usa to set up an all british second—round clash with johanna konta at the indian wells open. watson won by two sets to one, 4—6, 6—2, 6—2. it will be a first meeting on the wta tour between britain's two leading women. konta will be heavy favourite as number 11 seed. watson's world ranking has dropped to number 108. russia's chances of competing at the winter olympics are still not assured and the head of the world anti—doping agency has told t

old mutual was among the worst performers as a result of its high exposure to trade in south africa. its shares were down 7.6% shortly after the open and remained low through the afternoon. figures out today suggest that over the last year the cost of a home in the uk is still growing but not as fast as it was. there are a number of different house price indexes which release figures, one of them is the nationwide's which uses numbers from its own mortgage lending. today they show the average house price across the uk actual fell by 0.3% in the month of march, the first fall since june 2015. now, monthly figures can be very volatile, but this is the largest such fall for nearly five years. the hospitality sector has warned it faces a shortfall of 60,000 workers a year if immigration from the european union is too tightly controlled. staff from the eu make up nearly a quarter of all jobs in the sector. the british hospitality association said that thousands of businesses are facing having to drastically reduce their dependence on eu workers. lets get detailed analysis of those stories

it's day three of the first test between new zealand and south africa in dunedin. chasing south africa's first innings of 308, new zealand started the day on 177 for 3. kane williams on went for 130 after lunch. they're now 282—6. meanwhile hosts, sri lanka, took command of the first test against a struggling bangladesh on a rain—hit day three in galle. the tourists were all out for 312, trailing the sri lankans by a massive 182 runs. england's owen farrell wasn't able to get through thursday's training session ahead of the calcutta cup match against scotland the centre had medics looking at his left knee as he departed the training field but number 8 billy vunipola will make his first appearance in the tournament from the bench. and although head coach eddiejones admits farrell could be a doubt for the game, he made light of the incident. he has got a bad leg so he could not finish training. (inaudible). he ran into my dog. my dog was running around and he ran into it. he will be all right. he will be all right. did you say he was a doubt? yes at i think you w

. >>> still ahead, two dozen oakland high school students are now in south africa. >> travel has the ability to teach you things. >> after a break, we'll tell you about the educational spring break trip that's underway and what the students told us they hope to learn from it. >>> beautiful afternoon. we're going to check back with our meteorologist mark deman and we're going to see how long it's going to last. per roll bounty is more absorbent, so the roll can last 50% longer than the leading ordinary brand. so you get more "life" per roll. bounty, the quicker picker upper honey nut cheerios gets their delicious taste from honest ingredients. like real delicious honey and real oats. okay that's still honey. huh, there we go. we're back to honey again. who's directing this? that guy. figures. try new very berry cheerios. the taste of real fruit in every bite. so berry good. >>> two dozen students from oakland's mcclymonds are in south africa for a spring break -- >> we spoke to them and what they hope to gain from this educational -- >> you can't be an active participant. >> the stude

i will begin with south africa. that is one of the few non-communist countries toward which the reagan administration policies and slowly evolved. this administration became more engaged with human rights concerns there over the eight years. i would argue the administration largely sussed it -- shifted course to two congressional and nongovernmental pressure, raising questions about much reagan's stance truly developed over his presidency. the recordan was on is condemning apartheid repeatedly, his policy towards south africa was formulated with in a cold war context, which led officials to overemphasize the threats -- threat of communist to the country and region. in his attempt to avoid a showdown with an increasingly ini-apartheid, -- congress 1986, reagan issued an executive order that was intended to signal american displeasure with apartheid without including some of the more far-reaching edgers that congress hoped to pass. reagan targeted loans toward the south african government, the export of technology to

insurer old mutual, which has significant interests in south africa, fell 8% in response. direct line was the biggest riser in the ftse100, climbing 3%, that's all the business news. see you later, thank you. china is closing almost half of its official ivory carving factories and shops today, with the rest due to close by the end of the next year. the news has been welcomed by conservationists in their battle against the illegal trade in ivory. despite a global ban on international sales, a surge in demand has resulted in the deaths of tens of thousands of african elephants in recent years. my my colleague has been talking to someone my colleague has been talking to someone from convention on international trade in endangered species in beijing and associate director of the born free foundation. they explained why today so important. yes, it was a very big day. the government of china made this announcement back in december and they are working very, very fast to implement that decision. over a third closed today, i visited some that were closed today. by the end of the y

we start in cougar national park in south africa, some notice this elephant. she makes a keen observation. >> stop! >> well, don't stop, go! >> josy, who's from ireland says, he looks cross. he was! they had an elephant experience they will not soon forget. in this next video also shot in cougar national park, joe gregory was running film when this happened. you see that rhino right there. there was a crash of rhinos in this marshy area, but then a herd of elephants. rhinos and elephants don't always get along all the time, but watch what the elephant did. he picked up a stick. this elephant is about to use a weapon. he raises the stick up like, get to stepping, bro. the rhino's not stepping down, but watch what happens next? >> do you see that, it's balancing on his forehead? he drops it, the rhino charge, elephant, undeterred. he throws a branch at him. his ears are all out, which means, not happy. the rhino is like, you know what, dude, we can all coexist here. let's not fight in front of these humans. . >>> this last video also in south africa at a nature

>> reporter: julie, the students left about an hour ago for south africa. organizers say this had is a lesson about teaching them how to be global citizens. >> if you have never been out of the bay, then you can hear -- you can be an active participant. >> reporter: students and mentors gathered in a circle during their sendoff rally. >> i look forward to just finding myself, you know, i tend to be angry with a lot of things, but i have a lot and sometimes it feels like i don't. >> reporter: many of these students come from single- parent homes facing financial struggles. >> my dad has been in prison all my life. when i was a little boy i don't think he's ever getting out. >> reporter: this trip to south africa is a journey about self discovery and seeing others who have survived. these are students in south africa singing to a group of students who made the journey last year. organizers say this is not a leisure trip, but a necessity, a transformative experience. the students will travel to cities, townships, rural areas, meeting piers, visiting government

that is going to upset investors, and a background of uncertainty at a time when south africa has been doing pretty well. the inflation rate has been falling. that is why some people have been positioning for a rate cut up until this whole thing blew up again. now all of that has been taken off the table. yousef: justin, you are sticking around. let's go to another emerging market, turkey. thanks saw a record plunge on wednesday after a senior executive was arrested accused of helping iran beat u.s. sanctions. isabel, tell us more about what happened exactly. isabel: on tuesday it emerged the deputy ceo of this bank, he was detained in jfk airport on accusations of evading iranian sanctions, or helping others do it avoid iranian sanctions. a baby faced iranian trader was arrested in the u.s. on the same case. he is accused of running this gold smuggling ring. us back home.ngs david: everyone loves a good surprise, not of this sort though. everyone was caught off guard by this, just looking at the stock price as well. isobel: the region it plunged as it plunged -- reason as much as 19%,

♪host: this week, "global 3000" is dedicicated to women.we heado south africa's hippest hubs to meet young,female tech-whizzes. in india, we pay a visit to thekhasi, where women run the show. and inin saudi arabia, we meetwomen for whom working m mes nothing less than freedom.freedom is an alien concept for women here.they're not allowed to drive. they need male consent totravel, or even just to own a passport.but for several years, women in saudi arabia have beencampaigning for equal right, filming themselves behind thewheel, and training for football matches.they've even ventured into satire on youtube.and it's having an effect. saudi universities now have morefemale than male students. and over the next few years thenumber of women in the workforce is set to rise from 22% to 30%.in the saudi city of jeddah, the nesma embroidery and tailoringcenter is breaking new ground. it employs more than 60 saudiwomen. that's u unusual in this extremelelyconservative islamc kingdom. its managing director is ranazumai. herself a mother o othree, shepays her staff well a and provideses them with

>> he was inspired to give snake massages by a technique in south africa. neck massages by apin thement only. make sure you make an appointment. $38 for the massage. >> snake massages in south africa are called snake bites. and they are dangerous. >> like that you are not looking at the screen. >> no. no. not down with that. >> snake, really relaxing to hold a snake the way that they move. it is. >> moving on. >> just kind of. >> ha. >> too much fun. >> no. no. >> the my people do not get down with that. no. >> do this again tomorrow. >> no. we are okay. >> coming up new details about the massive fire near kansas city. >> yeah, spread to more than a dozen homes. now we know what's to blame. >> also, family in transition, mother and son, now a father and daughter, share their transgender journey. >> first, a look hat today's weather. you are watching "world news now." coachfully no more mistakes in b block. hopefully no more snakes in b block. >> announcer: "world news now" weather brought to you by swiffer wetjet. if you've got a life, you gotta swiffer , t

south africa's rand is heading for the biggest weekly slide since 2015. this after the president fired his finance minister raising . ncerns about the country joining us from johannnessberg with more is amo. let's start with the credit agencies first. we had news breaking in the past half-hour. give us the latest. >> we know that moodies came out with a statement quite clearly stating that it is going to be keeping a very close eye on the developments that will come from the cabinet reshuffle. that coming from last night when the president fired the finance minister and his deputy. we know that s&p and fish are also due to deliver their credit rating. we'll keep a close eye on those developments. moodies will be releasing its assessment in the next week or so. as i said before, they will definitely be keeping a very close eye on the ramifications f gordhan being fired. nejra: we have seen quite a different reaction across the markets. >> we have seen a signature reaction indeed. we know that the rand has reverse gains and at the start of this year and at

. >> the students are in south africa where organizers say the students are getting the opportunity to become global citizens, educational trip is paid through fundraising. amber lee spoke to the group about what they hope to get. >> you can't be a active participant in the world. >> the students and their mentors gathered in a circle during their sendoff rally. >> i look forward to just finding myself. like i tend to get angry with a lot of things, but i have a lot and sometimes it feels like i don't. >> many of these students come from single parent homes, facing financial struggles. >> dads in prison, been in prison all my life. >> the students say this trip to south africa is a journey about self discovery and seeing others who survived. >> these are students in south africa singing to a group of students who made the journey last year. organizers say this is not a lease your trip but a necessity. a transform testify experience. the students will travel to cities, townships and rural areas. meeting piers, visiting government and historic sites. >> travel has the ability to teach yo

to south africa. the currency is extending its with president jacob zuma having fired his finance minister. ofa accused gordon undermining his authority. he warned him to come home from investor roadshows in the u.k. news 24 hours a day, powered by journalists in more than 120 countries. let's get an update on the markets. an ok day so far across asia. juliette: we are seeing the regional index, holding on to those gains. terrifichat has been a three months for asian investors. for chinang through -- good buying in that index. also, good movement in the new zealand market, higher 0.4%. aswitch out in malaysia, little bit of a switch out from some of the hong kong stocks as well. helping the regional index as well. let's look at some of the commodities. brentext crude oil -- crude down 0.5%. the best weekly gain in the oil market so far this year. we are counting down to the reopen in hong kong and china at the top of the hour. this is bloomberg. this is the best of "bloomberg markets: middle east ." t

. ♪ i took a trip to south africa i met a young man who was 16 when i meet him. 14 when he left his familiar until zimbabwe. >> it was a cash raul meeting for lisa. hearing the young man's zig it made a lasting impact. >> school, housing, food, clothes, at 18, it all went aw away. >> reporter: i learned today that lisa isn't the type of person who could just walk away and forget about the encounter when she got back to the states she came up with the idea for the monkey and the elephant coffee shop. employing almost exclusively former or current foster children. >> they work at the cafe. learn how to make coffee. do customer service. cash handling. we do all of our baking in house so they also learn to you who bake. >> the day to day job skills they're just a part of the things they work on. >> your personal elevator pitch how you introduce yourself to somebody. budgeting. >> reporter: point being not only will the folks at the monkey and the elephant have a job and learn useful skills, but they also get the feeling of community that empowers them. something 19-year-old davita told me is lac

minister isce scheduled to have left south africa yesterday which she did do. saying -- they -- it have been notified by the theydent of south africa should immediately for turns to the country and that is for an urgent matter. what that matter is we are not sure. the spokesperson has not given a reasons as well as to why there needs to be a return by the finance minister. andave seen that happen now saying he is scheduled to return and will make that returned and makingevening sure he is back in the country by tomorrow morning. tensions have been high. is it possible that gore dan -- his job could be on the line here? it is certainly a murmur around investors. thatmay just be the story breaks the camel's back. it is something that has been spoken for quite a long time. ever since the minister was ,rought back into this position we saw the finance minister surprisingly withdrawn as well. it is deftly murmurings that we are getting, but no official word yet. at the same time, the finance minister has been order to buy that may be one of the reasonings. vonnie: t