Imagine having the job of persuading people to holiday in zimbabwe. It is a beautiful country but its also a basket case. Doctors, nurses and teachers have all been on strike because they havent been paid. Half the rural population face starvation and the economy is in the grip of a major currency crisis. My guest today is zimbabwes Tourism Minister, walter mzembi. Hes worked alongside president mugabe for the last decade. A man, who aged 93, plans to stand in elections next year. Isnt it time for the oldest Head Of State in the world to go . 35 55 e 5,5 5 5 i 5 , 35 if; 5 i 5 755 i 5 e fig 5 5 sarah, thank you. President mugabe is the oldest Head Of State in the world, hes 93. Should he really be the zanu pf for candidate for the elections next year . Absolutely, as long as the people ask him to carry on, as is the case now, and theyve elrfiifis ififilfiffifififfiflaef National Conference that they want him to stay on and its not really about the statistics, but what hes of
The oil market rebounding faster as opec implements the deal that i do not know if it has had an impact. It seems pretty selffulfilling, right . We knew they were looking for some kind of agreement to freeze production. If that is implement it, it will help the oil markets. The iea coming out with its monthly report, saying they see the Oil Market Rebalancing faster if the opec deal is important in. It seems a given, but who am i to say . You see brent at 33. 01. We will have plenty more on the iea and go live to a stumble for the petroleum conference. First, here is sebastian selleck. Seb the Republican Party a conferencecalled on Donald Trumps embattled campaign after paul ryan said he will not defend or campaign for the candidate after the comments about women. Stick to illegal immigration and stop running him. A new poll Shows Hillary clinton enjoying a 14 point lead, the largest gap so far in that survey. Since i has suffered its biggest intraday fall in a month after asking all r
Planned sales tax increase the o suzuki shares cross increase . Suzuki shares crash. Who is next . That is the big question. We are going to kick that around. We need to talk about the fed. The markets are paying attention to these guys. They dont have a vote. Why is the market listening . Matt this is really what is moving markets around the world. We saw asian markets down. The u. S. Cash trade was down on this. There is a political event in washington, d. C. Where all three of those nonvoting fed members are speaking. I think the reason the market is listening is because of shock. They are not only saying june, not only do we expect two rate increases but possibly three. Both lockhart and williams said two or three. That is pretty astounding since the market was only expecting one at the most. Interesting what is is, where do you go to for information on the fed . This is one of the things im looking at this morning. The functionk at on the terminal, the probability of the june rate
On the most contentious issue chinas increasing maritime activity in the South China Sea. China claims almost the entire South China Sea as its own. Its building manmade islands there and has deployed radar and other equipment. Vietnam, the philippines and other Southeast Asian countries claim parts of the sea. I reiterated americas fundamental support for negotiations. And a peaceful resolution. Based on the rule of law. As well as obviously our concern about any unilateral steps by any party, whichever claim it, to alter the status quo. Translator china has a right to defend its territorial sovereignty and legitimate maritime interests. We wont accept any ruling by the International Tribunal of arbitration requested by the philippines, regarding the South China Sea. And our position will not change. An International Court is expected to rule on the validity of manilas claim soon. Turkish media are reporting that four suspects have been related to tuesdays car bombing. The blast in is
Anna welcome to the program. Manus, its monday morning at 6 00. We need to talk about highball. The cost of borrowing the chinese currency in hong kong has increased the most on record overnight. Those records go back a few years or so. We are seeing the liquidity impact of the fx interventions which are said to have been conducted by the pboc last week. We are seeing the cost of money get more expensive in hong kong. Manus this is all about china, all about concerns. Have we reached a capitulation moment . Are your rates overnight for the yuan in hong kong. Trying to stop the flow of money in terms of the offshore yuan. Lets look at the contagion effect. Coming out byey 9 . Lets have a look at some of the fx boards. 57. 8. Rand trading at macquarrie, a combination of stocks and margin calls. Mass capitulation. The yen advances to its strongest since august. Speculators going net long on the currency. Of korean won at the bottom your screen, a fiveyear low. Anna lets have a look at whe