sao paulo, brazil. with its crowded boulevards and massive skyscrapers, it seems as wealthy and sophisticated as any city in the world. sao paulo is unique among latin american cities. in the early part of the 20th century, when places like rio de janeiro copied traditional european styles of construction, sao paulo was following a distinctly american model of urbanism. imitating the forms of chicago and new york, sao paulo built upward, growing vertically very quickly. but in a huge ring around the central city lies a very different urban environment. here, stretching for miles, is a city of self-built structures in various stages of completion. they line hillsides and rocky streets where some of sao paulo's newest immigrants struggle to build homes from brick and cement. where some of sao paulo's alaide and her family came to sao paulo from northeastern brazil. ( alaide speaking portuguese ) translator: from there my father came first to work. thene came. i rked as a maid, my mother was a seamstress.

what's really going on in brazil? what's going on in brazil is we had major conflict during the elections. elections are marked by conflictive relations that's normal. you have the disputs or competitions during the election and after that's over and the new stage starts. once the elections are finished, you reestablish political relations. it was not so this time around. we have to be very careful about the issue for the following reason. our democracy is still in its adolescent stage. >> thank you so much for joining us. >> thank you for the opportunity. it's been a pleasure talking to you. ♪jake reese, "day to feel alive"♪ ♪jake reese, "day to feel alive"♪ i use what's already inside me to reach my goals. so i liked when my doctor told me i may reach my blood sugar and a1c goals by activating what's within me. with once-weekly trulicity. trulicity is not insulin. it helps activate my body to do what it's supposed to do release its own insulin. trulicity responds when my blood sugar rises. i take it once a w

so what's really going on in brazil? well, what's going on in brazil is we had a major conflict in the elections. of course elections are marketed by conflicted relations. that's normal and traditional, of course. you have the disputes and the competition during the elections. and after, of course, that is over, a new stage starts. so once the elections are finished, of course you re-establish political relations. it was not so this time around. we have to be very careful about this issue for the following reasons. our democracy is still in its adolescent stage. >> madam president, thank you so much for joining us. >> thank you for the opportunity. it's been a pleasure talking to you. carved thick. that's the right way to make a good turkey sandwich. the right way to eat it? is however you eat it. panera. food as it should be. i am totally blind. and sometimes i struggle to sleep at night, and stay awake during the day. this is called non-24. learn more by calling 844-824-2424. or visit your24info.com. we danced in a ger

because there is a huge problem of crime in brazil. the light skinned middle class and upper classes believe that the police is combating crime. and they're doing this in the name of public safety. but what those encounters are showing is that the police are often time criminal and they are terrorizing this community. and this is not only a matter of social class and economics, it's a matter of race . ♪ ♪ >> only 2% of the deaths by police in brazil are investigated. and then after that, only 1% of the cases become actually a case in the judicial system here in brazil. so you can see how there is a lot of impunity. >> other social movements are not in such great risk. but this movement is particularly vulnerable because we're facing the police force. the military force. we have identified police officers who are infiltrated in civilian clothing taking pictures of people and filming people, and they're police officers with their guns on their hands. >> it's a very tense moment. >> i'm extremely tense that something might go wrong. t

interest rate are too high and that is brazil -- unique to brazil. scarlet: paul will be staying with us. we will be right back. ♪ joe: i'm joe weisenthal. "what'd you miss?" .e are still with paul mcnamara he joins us on the line from london. you discussed looking at opportunities in the e.m. one opportunity you are looking at is the next in peso. why is that? paul: there are a couple of currencies that are particularly oversold. mexico is actually one of the emerging markets that benefits from a lot of the commodity prices. brazil and south africa are really going to slow -- suffer from the slowdown in china. it's a very strong player on the u.s. auto market as well, all of which ticks along the boxes that we do not see in a lot of emerging markets, you know, benefiting from lower commodity prices and plugged into u.s. growth. rates are much higher than they are in the u.s. it looks to us something that is overdue for a bit of a bounce. joe: let's go further on the frontier. another currency that you have spotlighted is the peruvian soul . what d

by the seventh stage, we were a rest the owners of brazil's largest construction conglomerates, now we are in the 18th stage and the investigation's reach so many getting wider. >> reporter: with the recent. [ inaudible ] many fear that the accusations could reach as high as president dilma try steph who served as chairwoman of petrobras before taking power. so far she has in the been accused but police say more of her close aids may be soon. >> translator: this is about a corruption scheme that was reproduced throughout the country's public institutions, we are now investigating contracts with the minute industry of plan, ministry of health, as well as brazil's largest public bank. >> reporter: government critics say it has already been uniquely successful in bringing the powerful to justice. but they also say unless the legal system is completely renewed, this, the biggest scandal in brazil's history, will soon be followed by one that makes it pale in comparison. virginia lopez, al jazeera, brazil. >>> malaysia's currency is hovering around its lowest level against the u.s. dollar in

scarlet: if you look at how brazil does, versus other bric countries, brazil is the only bric country that has seen a decline. russia, by the way, has done better. in the recovery in oil, and there is little change in china data. so russian fundamentals. overlooking the political angles ? mr. goldberg: how politics affect investments, and this probably has stopped being the case. we at blackrock, we took very important decisions. and then we realized that sanctions were never going to get to the level, and then we came back. one of the reasons we like the country the most. to the point of what is different right now from the 1990's, it is what currencies can move, and currencies can do a lot. this is for the first time in 10 years probably. joe: one of the things we have been talking about this year, the trouble for emerging markets, is there anything that is not priced and? i know you are saying down in lima, people were talking about the fed. can we just ignore the effects of the fed? mr. goldberg: the first rate hike could potentially bring some noise. i like the way the governor p

francine: talk to me about brazil. we talked a little bit about emerging markets and the turmoil in emerging markets. brazil is going through a really, really rough time independently of what is happening in china. how do you see that business developing? ana: so our brazilian business for quite a while actually was not performing as well as we would have liked. and that is quite clear, and i acknowledge we did not do as well as we should have over the last couple years. the last year, 18 months, we have done a lot better in terms of cost cutting. we have de-risked the bank, which is very important. we have strengthened the management also. recently, we have appointed a new ceo. our current ceo has done a very good job on the team on that side. it is not going to be easy, and i think brazil has -- there is two -- let's say two possibilities. one is the one we believe in and as always, brazil has had a number of the situations in the past, has always taken the path of making the reforms which are not easy for the people

more than a year ago. >> translator: brazil is a paradise, i'd love to bring my family here but i don't have a job and i don't know if i'll be able to stay. >> reporter: he is desperate to work and moved in with brazil friends, helped by the charity for the homeless. >> we just have to get them the first step to help them with the first step and after that they are human beings and professional and children and they are youth who can live here. >> reporter: far from the syria battlefields and refugee camps from neighboring countries the track to south america for south in the south palo neighborhood for liberty. up eight flights of chairs in a run down squat. this is a destination at the end of a long journey and the start of a new one to build a new life, to learn a new language in a strange country on the other side of the world or perhaps simply to wait for peace to return to syria so they can go home to rebuild. part of the brasilia welcome, the son of palestinian immigrants helping the resent arrivals to adapt and survive. >> translator: we help them find a place here without payin

a good example would be brazil. the country is in recession, times are difficult particularly in the public sector. we have a great management team there doing a good job of bringing together all pearson's different assets in a way that we think will improve the performance of the company and allow us to grow over the next few years. alongside the challenges of the public sector and brazil, you've got a growing middle class that wants better quality education for their children and themselves and are ready to pay for it. and we can provide services that fulfill that need. francine: if you price it right, is education recession proof? high unemployment, people may want to retrain. john: that is a good part of the story. and of the opportunity, certainly if you look in america, in the last 60 years, higher education business is countercyclical. enrollment goes up as unemployment rises, through these cycles, there is a systemic growth. you tend to see faster growth in the early years of the recession. i think as somebo

virginia low lopez. >> some of brazil's most powerful people behind bars. executives of oil giant, being he petrobras, a car wash is at the center of the police investigation. a money laundering sceefnl sceet the federal investigators, largest corruption scandal in brazil yarch history. the astonishing amount of money, thousands have taken to the streets to protest against corruption and the ruling party. >> operation car wash was partly possible precisely because it was led by a judge from a minor state with no visibility. but who along with the group of young prosecutors took on the job to go after the corruptors, the big businesses, the political leaders and not just those corrupted. >> reporter: for the federal police their task never thought to be a simple one last surprised even them. >> translator: in the first stage of our investigation we realized this involved high ranking figures. by the seventh stage, we were arresting the owners of brazil's largest construction conglomerates. now we are in the 18th stage and the investigation's reach is only ge

. >> reporter: a car wash in a petrol station is at the center of brazil's largest scandals ever. i have come take a look. >>> what's fueling ma lik malays currency crisis. maybe freddie gray didn't have to die. >> is there still a blue wall of silence in american cities? >> did somebody get shot? fault lines baltimore rising only on al jazeera america ♪ ♪ >>> welcome back. let's recap the headlines here on al jazeera now. doctors in the afghan city of kunduz are refuse to go operate in the main government hospital for fear of airstrikes. medical charity doctors without borders wants an independent investigation after one of its hospitals was hit on saturday killing at least 22 people. >>> a palestinian teenager has been shot dead by israeli soldiers during violent clashes in the occupied west bank. israeli security forces conducted raids in the area after two separate attacks on israelis in recent days. >>> baghdad's heavily fortified green zone has been open today the public, the area has been largely off limits to ordinary iraqis since the u.s. invasion of iraq in 2003. >>>

francine: talk to me about brazil. we talked a little bit about emerging markets and the turmoil in emerging markets. brazil is going through a really rough time independently of what is happening in china. how do you see that business developing? ana: our brazilian business for quite a while actually was not performing as well as we would have liked. that is quite clear, and i and knowledge -- acknowledge we did not do as well as we should have over the last couple years. the last year, 18 months, have done a lot better. we have made a lot of progress in terms of integration and cost cutting. we have de-risked the bank, which is very important for the times i had of us. we have strengthened the management also. recently, we have appointed a new ceo. our current ceo has done a very good job on the team on that side. it is not going to be easy, and i think brazil has -- there is two possibilities. one is the one we believe in and as always, brazil has had a number of these situations in the past, has always taken the pa

we're investigating contracts with ministry of planning, ministry of health and brazil's largest public bank. criti. >> critics have been successful in bringing those involved no justice. but this will be followed by a corruption that will pale i comparison. >> about 100 union activists russiad in to the buildin rushed into the building. for more on these stories go to www.aljazeera.com. www.aljazeera.com. >> doctors without borders are calling the bombing of their hospital in afghanistan a war crime. the pentagon is promising a full investigation. going into recovery mode crews in south carolina are assessing storm damage as fatalities go up. details of the new trans-pacific partnership is still being kept secret, and

these games are broader than brazil. groups from the americas, and several others like the maoris from new zealand came to celebrate and exchange cultures. racing with 100 kilogram logs is a key competition. event will be demonstrations as reaching an agreement on rules was not always easy among groups and differences. for the next 10 days all those are showcasing culture. many are hoping the problems will be noticed. this group demanded land rights for people in the host country. brazil's president was present but silent at the inauguration. >> they have done nothing for us. they are not trying to fight discrimination. these games are only about promoting themselves, and the president didn't have the courage to speak out. >> not everyone is happy. we have come to tell the brazilian governments what we have suffered. they want to take land that is granted to us. >> the festive atmosphere is dampened by reminders that brazilians have been ignored despite being the original owners of their land. >>> you can read more about

talks on the refugee crisis and it all comes out in the wash, our humble car wash helped to uncover brazil's biggest corruption scandal. ♪ let's start with rising tensions in the occupied east jerusalem and west bank and israel has unprecedented security measures at the mosque compound and some fear the measures are making matters worse and with multiple clashes between palestinians and security forces and mike is live from west jerusalem and mike it has been a very busy night and what is the situation like now? >> reporter: well it has quieted down in the areas in the old city as far as further afield in the occupied west bank and clashes in many areas overnight and early hours of the morning and jeanene north of ramala and within the city itself and the lock down of the city to palestinians, an unprecedented security step by israel will continue to the end of the holiday which occurs at sunown tonight, also at sun down tonight netanyahu is holding a meeting of the full cabinet to discuss what further measures should be taken and we have seen tension wide conflict despite the security mea

two years ago, albeit brazil deteriorated so badly since then. so we are watching budget deficit, interest rates, to what extent government expenditure is rising too much in the overall economy. those are your main indicators on whether this is a real risk. >> is south africa just as runnable to china as brazil is? >> no, it isn't. south africa does send 10 exports -- 10% of exports, precious metals, nonvolatile. you see volatility and south africa is like brazil is through a rising dollar, fears about fed raising rates, etc., the currency is runnable and still a little overbite given the economic conditions in the country, so i think -- >> i was wondering in what currency their debt is serviced in. they have some foreign-currency debt for sure, but they also have relatively well formed local markets. share of see the foreign-currency debt and the total that you do and other emergency markets such as carpetsso they have the tapping foreign markets less significantly. one thing they do have tens to be more domestic currency than foreign currencies

same thing in brazil. why notfind 100 reasons to invest, but historical violations are better ways to invest in market cap and a much better idea than investing in expensive countries. this is particularly important as the u.s. is one of the most expensive countries in the world. you can pick up a basket of these cheap countries for a p/e ratio of around 10, less than half the u.s. >> cofounder and chief investment officer of cambria investment management. >> more on yahoo! and google. usy johnson will be joining to tell us the significance of this agreement and what it means for yahoo!. ♪ alix: i am alix steel. "what'd you miss?" google will now provide yahoo! with search advertisements. cory johnson joins us now from san francisco. what is that mean? >> we shall see. google apparently is going to be doing a lot of the work that yahoo! does, both in providing searches for yahoo! search queries. may bethat would show up served by google. google would then pay for a certain amount of traffic and take a cu

as brazil arrows towards impeachment, investors have to wait global risks. ferrari begins trading today on the new york stock exchange -- between ther u.k. and china. ♪ 30 minutes into the trading day. 31 minutes to be precise. the ftse 100 down a 30 day. the dax doing nothing. .4%.toxx 600 up by switch up the boards. let's check out the fx market. the euro heading into a central bank decision tomorrow. 10% below where we were this time last year. 63 -- 113.623, here it dollar yen going through 120. aboutne starts talking what the boj will do more at the end of this month. emerging markets the focus this morning. for the second time in 30 years, brazil is heading towards the impeachment of its president. a group of lawyers last two file the request today. let's speak to our justin kerrigan. how is this to pan out in the coming weeks? how long could this process take? justin: it is anyone's guess, but it is going to messy and pretty long drawn out. figurespretty too high in the establishment touching documentitching this to the lower house today for conside

petrol for the largest corruption ever and i've come to brazil to take a look. ♪ for a week now control of kunduz has swung backwards and fore ward between government and the taliban, the center of the city is now caught with people out on the streets for the first time in days but there is still fighting on the outskirts and let's go straight there just south of kunduz city and give us an update in terms of what is happening with the fighting and just how much of kunduz is now in control of afghan forces. >> reporter: laura the center of the city is now under control of afghan forces. the new acting governor took his office of the previous governor was fired by president gahni after this attack and we talked with a leading general of this operation. he told us that taliban is telling that in the residential area near the central city but they don't want to engage them in the residential area and the newist is to do this on the outskirts of the city and fighting is still going on and talked to a member of the council and he told me that the afghan security forces are not sure they are c

more than half our people are outside of brazil. more than half our revenues are so the timing looks like we're doing it as a knee jerk reaction to brazil. it's not because of that. it's a good strategic decision anyway but it helps when brazil is misfiring. >> all right. so sounds like you're pretty bearish on brazil still. >> i think that's going to change very quickly though. i think we're coming to -- your earlier comment, i think we're coming toward the floor now. >> thank you for your time. appreciate it. steve jacobs. vice chairman of bsi. >> right. let's switch focus and bring you to our viewer exchange today. snapchat will launch a new add format on halloween letting advertisers insert their brands on users as selfies. the financial times says the popular messaging app will sell sponsored lenses costing up to $750,000 or $450,000 for an off peak day. so we're asking you today has snapchat cracked the all important social media advertisiadvertis advertising conundrum? i like this idea. it's clever. >> why is it clever? i thi