last year argentina's public debt to g.d.p. ratio rose to 86 percent last year mostly because of currency depreciation the argentine peso lost more than half of its value last year and the state for its continued this year the central bank has just announced stricter controls on buying dollars for the inflation rate is one of the highest in the world and around 55 percent around a 3rd of argentina's $45000000.00 people are classed as poor the official unemployment rate is 10 percent but the unofficial rate is thought to be much higher. well let's bring in our guest now to talk more about this alan simulates is chairman of the political economy department at the university thad nastier now with the sun manto he joins us via skype now from when assad is in london we have bruno been at the nonresident fellow at the inter-american dialogue that's a think tank based in the u.s. capital and you saw her a little bit earlier into races report there he man a blanket head of latin america research at the global risk consultancy vet asc m

last year argentina's public debt to g.d. . the ratio rose to 86 percent last year mostly because of currency depreciation the argentine peso lost more than half of its value last year and the steep fall it's continued this year the central bank has just announced stricter controls on buying dollars the inflation rate is one of the highest in the world and around 55 percent around a 3rd of argentina's $45000000.00 people are classed as poor the official unemployment rate is 10 percent but the unofficial rate is thought to be much higher. well let's bring in our guest now to talk more about this alan civil list is chairman of the political economy department at the university nasional the center sunny until he joins us via skype now from where scientists in london we have bruno been at the nonresident fellow at the inter-american dialogue that's a think tank based in the u.s. capital and you saw her a little bit earlier into races report there he managed blanco head of the latin america research at the global risk consultancy va

argentina's next president knows how to attract the crowds. i'll bet if a man does cheered on by thousands of his supporters in buenos aires. he's clear on his plan for the presidency. that is where we are of course going to work together as closely as possible. because the only thing that will concern us is stopping the suffering of argentinians once and for all. it's a return to power in a sense and left also making a comeback this time as vice president cristina fernandez de. she has self was president for 8 years. finn and his choice of running mate split opinion among the population but kitchenette doesn't see it dividing the country not really a monolith not only today i'll bet it's president of all argentinian. striking a similarly unifying tone outgoing president mauricio mccree thanking supporters as he conceded defeat. this is for argentina an orderly transition that will bring stability to argentinians because the most important thing is the future leaders. will remain president until december the time but handover talks with his su

argentina --ade toe trade argentina. it is tightly linked to what is happening thereafter the central bank is creating capital controls. what they are trying to do is limit how much foreign influence you can have in the currency. while it is likely to continue to weekend, it will be hard for anyone to participate in that. reserves for fx argentina. we are at 43 billion. that is nothing compared to the interest payments they have to pay to the imf. can you think of a time you have seen this in emerging markets? how bad could it get? mark: it can get worse. we have a transition in a government, another movement into a place where people still feel uncomfortable trading. there is not a lot of investment coming into argentina to offset this. when we go to an environment where the central bank is controlling the flow of liquidity -- what i think happens here is people look for proxies. they look for proxies to express and argentinian view and potentially other currencies they can trade on a global macro scale. this is one tha

now we begin with a new leader in argentina president has conceded defeat to alberta to. his deputy is former president cristina coach who's facing a corruption trial both now face the challenge of solving argentina's laces financial crisis and potential bankruptcy there is a bow reports from one of. the transition has already began here in argentina even though the handover ceremony is over one month away there was a very important meeting at the presidential palace between a radical feminist and now we saw michael it's not clear yet what was spoken in that meeting but that meeting lasted for about one hour and there was a picture that came out of them shaking hands that's a very important. picture because it has a very strong institutional meaning in the past elections back in 2015 when we saw michael he was elected cristina fernandez de kirchner did not attend the handover ceremony well that's why this picture is important if it's meant to bring some tranquility to the markets what's been happening in argentina with people lining up to buy u.s. dollar them not trusting

we have had the results out of argentina. the trade front in terms of the more positive commentary out of the weekend in terms of two sides that may be coming to a partial deal. and the earnings front as well. something to look at for the markets. some big names as well. the message in china for the u.s. and china over the next few days. david: the banks in the u.s. as you alluded to, 200, earlier over 200 companies are scheduled to report earnings. be top ofnd it will mind for investors. have a look at where we are to start things off with a look at japan. the cost be index in southeast asia. we will talk about the topics later on. cost be index with the south reaching its july highs against the u.s. dollar. let's have a look at where we are in chinese markets. we will talk about blockchain a little later. hang seng index flirting with 27,000. dollar china, sterling on the u.s. treasuries. he had the doj coming in shortly after. the fed widely expected to cut rates. trick or treat is how bank of america merrill lynch is call

program argentina has with the imf. he has been saying he is not to default [indiscernible] difficult to see how the plan would materialize. paul: if fernandez wins the election, and on the current vote count it looks like he is on call to do sore -- do so, is he heading for a showdown with the imf? says theythe imf has are willing to see what the economic policies will be at the negotiating table. but we know so far that they have not made any disbursements that thele, so given country's foreign service has been foreign steadily since the primaries, it will certainly be a priority for whoever takes the helm of the government to resolve the matter as soon as possible. a -- carolina keeping an eye on the election .esults in argentina fernandez is currently in the lead. president trump says the islamic state leader is dead after u.s. special forces raised northern syria. he was the highest ranking terrorist leader captured since osama bin laden. let's go over to jodi schneider for more. now that the leader is dead, the is

and argentina of solidarity. one that defends public education when it defends public health when they defend. or gives a privilege to provision to those who produce and argentina that gives a privileged position of those who work to hardworking people i am sure that this is the mandate that's been given to each and every one of us who you voted for. and a deep deep down i'd like to thank you i also would like to thank those who did not vote for us for taking part in these elections today and as christina said very pointedly we.

this is the that when you fly from berlin argentina's forces turn to the left to left the country out of its economic crisis. russians are likely to be short lived president elect alberto from death now has to pull the country back from the brink of default also on the program. this is over it's left of abu bakar al baghdadi his hideout world leaders are welcome to pull itself out of the so-called islamic state was killed in an american military operation but will of reprisal attacks by. i'm frugal welcome to the program bond markets have taken a slide in early trading in argentina this follows the victory of center left candidate out better finance of a pro-business incumbent morrisey a bakri and the country's presidential election campaign was dominated by argentina's severe economic crisis now the president elect faces the tricky task of reducing the growing mountain of debt and dodging another damaging default. celebrations in the streets of plano sideways happiness and hope sweep over crowds supporting the victory in vision a political outsider to fernandez. the nation of how peo

history seems to repeat itself in argentina over and over again. since the 1940 s. i ching tina has had at least 16 crisis 15 of them happen because the country run out of dollars you know we have a currency problem people don't save pensions and dying patients and we have an export problem we'll have enough dollars so every now and then governments doing flayed the economy by borrowing their way to growth and at some point in that since it is the all of the nominated that starts. taking around and greater start asking for money and. who a crisis. of it one of the reason is that the says this is one of the reasons why it's been so difficult for marketing to get the economy going and why he ended requesting a loan from the i.m.f. but patients were exaggerated and i think people some people in the government believe that the whole problem i think there was populism. and illiquid. so they believe that changing the cash will solve the problems facing the browser more structure. but until now no government has found the solution to the problem lack of consensus and predi

and argentina of solidarity. one that defends public education when it defends public health when that defense fund or gives a privilege to provision to those who produce and argentina that gives a privileged position of those who work to hardworking people i am sure that this is the mandate that's been given to each. and every one of us who you voted for. and a deep deep down i'd like to thank you i also would like to thank those who did not vote for us for taking part in these elections today and as christina said very pointedly we. this is not our front it's the front to everyone everyone's for and friend day that it's for every single arjun tying citizen every arjen time that's who we're here for because the government so as christina said the times coming down. times are not easy it's not going to be easy the dr love i knew i'd like to think of to to thank him for calling me so quickly to acknowledge the results my victory i'd like to thank that opponent tomorrow as president maki announced i will meet with

in argentina of solidarity one that defends public education one that defends public health. but that being. your friend i want to congratulate president elect alberto fernandez i just talked to him for the great choice that people have made i'm delighted him to morrow to breakfast because he has to start a transition period please this is for argentina the orderly transition that brings tranquility to all arjan times because here the only important thing is the future and wellbeing of argentines there is a boat has more from the argentine capital. well the center of went outside a few fields with people celebrating chanting the return of the peronist party to power something that they're saying that in the end once again this election is confirmed the fight for social justice that the peronist party is known for we just heard elected president about a perfect man this seeking about unity speaking to those who did not vote for him asking for their help saying that the times that are coming in argentina are going to be difficult ones especially because of the economic situatio

argentina's recession is expected to last well beyond this year. at expected to last well beyond this yea r. at least expected to last well beyond this year. at least with the new food emergency bill, people can expect more soup kitchens like this to alleviate hunger. and before we go, here is a quick look at the markets and asia—pacific shares are in positive territory in mid—morning trade. this is in line with wall street which soared to a near record high in hopes that washington and babe — bgm are moving to finalising a trade deal. —— beijing. happy holidays. i i'm rico hizon. goodbye for now. this is bbc news. the top stories this hour: the us says its forces have killed the leader of the so—called islamic state group, abu bakr al—baghdadi, often described as the world's most wanted man. and a state of emergency is declared across california as wildfires continue to spread whipped up by ferocious winds. in other news, tens of thousands of people have taken to the streets of barcelona in support of spanish unity. it follows protes

solidaria, un argentina mÁs igualitaria. reportera: macri habÍa perdido por un margen aÚn mayor, estuvo cerca de su objetivo de llegar a la segunda vuelta oma pero como su contrincante superÓ el 45% lo dejÓ en la mÁxima carga polÍtica de este país. >> una transiciÓn ordenada. acÁ lo Único importante es el futuro y el bienestar de los argentinos. reportero: esta noche macri invitÓ a desayunar a su coordin traspaso de mando mÁs ordenado. las autoridades del banco central mantienen una reuniÓn de emergencia para evaluar medidas que puedan evitar un nuevo colapso de la moneda. pablo monsalvo, univisiÓn. fÉlix: en colombia, claudia lÓpez es la primera alcaldesa de la capital otorgando una victoria no sÓlo la mujeres, sino a la comunidad lgbtq. fue un duro golpe para el centro democrÁtico del expresidente Álvaro uribe.ste Á de 117,000 candidatos para 20,000 cargos pÚblicos. hoy el Órgano electoral debÍa descartar a mÁs del 80% de los postulantes. >> sÓlo algunos hechos aislados intentaron manchar la jornad

lockets were nervous about populism to argentina. they reacted to this result. well filled the crash didn't happen markets have responded in a relatively remodel manner to this result some economists say that's no wonder really because they had a month and a half to prepare for this result since the primaries already indicated that alberta fernandes would win these elections the fact that the peso didn't plummet this morning though has mostly to do with extreme currency controls that were imposed by the central bank last night argentineans will now only be able to withdraw $200.00 u.s. dollars per month until the end of the year that limit until last friday was at $10000.00 so while these measures may be able to keep markets at bay it has caused uncertainty here among argentinians the black market value of the dollar has skyrocketed and many people don't know what these measures will do to their savings abroad and to their ability to travel and i've talked to some people here and they've told me that this is exactly the kind of measures that they're criticizing

letters in argentina have elected a new leader amid a worsening economic crisis president raise your mockery conceded defeat to center left candidate alberto fernandez who won more than 47 percent of the vote. a draft power sharing deal has been agreed to between engagements internationally recognized government and a southern separatist group it aims to end fighting in the port city of aden which the southern transitional council seized in august. iraq's 2nd largest city mosul is still trying to rebuild after being virtually torn apart during the rise of eisel and the battle to retake it it was in june 2014 when i still sees the city later that month. he declared the creation of a so-called caliphate from there and that happened in the city's mosque isis ideology fundamentally change life in mosul with its members and forcing a strict and repressive code of conduct on the people who live there iraqi government announce an operation to liberate mosul in 2015 it was an exhaustive battle lasting until mid 2017 when it turned into a street by street fight for mosul's old city by july 10

voters in argentina have elected a new president a new leader amritsar mockery econd conceded defeat fernandez his deputy is former president cristina kirchner who is facing a corruption trial both now happen challenge of solving argentina's latest financial crisis and. central bankruptcy traceable reports around us are this. a party when a site is to celebrate the victory of over the fed a man this and the defeat of precedent. for us and leonsis she's proud of the result. all my life i've been fighting for social justice and the past 4 years have been torture for me seeing how the economic situation deteriorated because of mccray now i can be proud of being argentinian again. people here are celebrating the comeback of that there are new study today said that people are already who they hope will help argentina cope with what coming next to that difficult economic situation with a 55 percent inflation rate and the possibility of a default and therefore in that a lot of the fundamentalists was chief of staff to former president. his running mate he still time pressing cristina fernan

a third of all children in argentina now eat in a soup kitchen each day. argentina is one of the world's great food exporters but, just last month, congress declared a state of food emergency, meaning that, from next year, the government will be obliged to spend more on soup kitchens in places like here. argentina is an agricultural powerhouse, it exports beef, milk and soy beans but, internally, prices are skyrocketing. the result is more poverty. 0ne prices are skyrocketing. the result is more poverty. one in every three argentina sedate cannot afford to pay for the basic cost of living. many now live on the streets. translation: i eat only what people give me. if not, i do not eat. sometimes it is a cookie, yoga, but ito give it to my children so they eat had and i put up with hunger because i am a grown—up. eat had and i put up with hunger because i am a grown-up. the recession is expected to last well beyond this year. at least, with a new food emergency deal, people can expect more soup kitchens like this to eliminate hunger. daniel gallas, bbc new

translation: most salaries in argentina today don't even cover the basic cost of living. but this situation is becoming impossible for families. both presidential candidates say they can get argentina growing again, president mauricio macri believes all argentina has to do is carry on with spending cuts and structural reforms and growth will eventually come back. translation: today we are on better footing to grow because we solved national problems. today we are standing on solid ground. that is why i say to you, the era of growth is coming, of betterjobs, better salaries and relief for all argentinians. but voters are leaning towards the opposition candidate, alberto fernandez, who is promising more state involvement in the economy. is based on a argentina today has the highest into straight in13 today has the highest into straight in 13 years today has the highest into straight in13 years —— translation:, in13 years —— translation: , and he in13 years —— translation:, and he thinks labour isa translation:, and he thinks labour is a cost. he allowed unemploy

that there are new study today said that he was fighting who they hope will help argentina with what coming next to that difficult economic situation with a 55 percent inflation rate and the possibility of a default in the 4 and that a lot of the fundamentalists was chief of staff to former president. his running mate to time pressing cristina fernandez de kirchner a lot of the phone numbers went from being a staunch critic of christina kirshner to joining forces with her in order to unite the peronist party to defeat marketing. until december 10th the president is mockery and of course we will collaborate on everything we can because the only thing we care about is that argentinians stop suffering. when elected in 2015. promised to fall of argentina's endemic economic problems but his plan did not work out well as his government was forced to request an emergency loan from the i.m.f. and inflation and poverty increased while in office. i want to congratulate president elect our berto fernandez i just talked to him for the great choice the people have made i invited him to morrow to

pablo: una foto intensa en la argentina de hace 24 horas. no pasÓ ni un dÍa entero, desde que cerraron las urnas. el presidente mauricio macri invitÓ a desarrollar la sede del gobiernoa su sucesor. pÁblo: el tono conciliador de macri contrastÓ con el discurso de todos los peronistas. >> vamos a hacer la argentina que los que porque no estamos condenados a esta argentina! cristina fernÁndez: les voy a pedir, como es presidenta, que por favor tome las medidas que deban tomar para aligerar la situaciÓn dramÁtica que se está viviendo con las finanzas del paÍs. pablo: argentina atraviesa una severa crisis econÓmica. >> el gobierno que va a dejar la criba hace la pobreza mÁs grande del mundo. >> la mitad de la argentina estÁ triste, pero me pareciÓ que terminÓ siendo una cuestión de vocaciÓn river que una cuestiÓn polÍtica para muchÍsima gente. eso me parece horrible, me parece que no es forma de votar. pablo: el equipo de alberto fernÁndez dijo que su primer viaje al exterior serÁ mÉxico. una demostraciÓn de que buscarÁ a

in argentina of solidarity one that defends public education one that defends public health. but that being. your friend i want to congratulate president elect alberto fernandez i just talked to him for the great choice that people have made i'm voted him tomorrow to breakfast because he has to start a transition period please this is for argentina the orderly transition that brings tranquility to all arjan times because here the only important thing is the future and wellbeing of arjen times. has more now from what is ours. well the center of went outside a few fields with people celebrating chanting the return of the peronist party to power something that they're saying that in the end once again this election is confirmed the fight for social justice that the peronist party is known for we just heard elected president about a foot a man misspeaking about unity speaking to those who did not vote for him asking for their help saying that the times that are coming in argentina are going to be difficult ones especially because of the economic situation and this is something ve

being reckless by lending to debt troubled countries like argentina and ecuador. yeah i think if we have if we're to have a much more universal conversation about development and about the role of international institutions and multilateral financial institutions and yes i mean there's a big problem with the i.m.f. it's a problem we had in latin america in the eighty's and ninety's when we were the laboratory for a very aggressive i would say fundamentalist near liberal a strong structural adjustment programs they failed they created even greater inequality in what was already the most unequal continent in the world it's very important to understand that if you look at averages than that america is pretty much the middle class of the world but but that's you know per capita g.d.p. but if you look at what that hides it's the most unequal continent in the world the most unequal region in world than a lot of latin america's problem problems have to do directly with this inequality whether you whether it's urban crime whether it's lack of social cohesion political ins

the new president takes office in december but argentina needs an urgent plan to stabilize the economy these people want to believe the best is yet to come. he said. when aside. there's been an attempted assassination on 2 ministers in yemen the interior minister and transport minister did manage to escape after a bomb was planted close to where they were staying in the province of shabwah it happened just a few hours after a deal between yemen's internationally recognized government and a southern separatist group was announced well a league draft of that brokered deal would see yemen southern separatists included in a new cabinet of the internationally recognized government the separatists be given half of the ministerial roles provided they aren't involved in any fighting in agreed areas the deal would also unite all forces from the south and transitional council and the government under the ministry of defense within just 60 days catherine shut down as head of the yemen department of the next century foundation a think tank she joins us from crawley in the utah u.k. catherine good

this is data really news live from berlin voting for change in argentina the center left candidate albert just announced as has won the country's presidential election in the 1st round he's unseated incumbent theresa machree who was punished at the polls for his handling of the country's economic crisis also coming out germany's left party talks the polls in a state election in the east of the country with the far right alternative to germany surging into 2nd place the results are a bruising to think that chancellor angela merkel's conservatives. plus lewis hamilton slices through the formula one field in mexico is a driving master class from the englishman putting him in touching distance of the 6 driver's time so as ferrari is left in the pits. i'm rebecca ritter's welcome to the program it was an l.n. dominated by one issue a biting economic crisis and now voters in argentina have spoken electing center left challenger alberto finance as the country's next president the 1st official results show fernandez with over 47 percent of the votes more than he needs for an outright victory over

peter over here in doha good to have you with us your top stories from al-jazeera argentina is set to get a new president amid a worsening economic crisis but it's your macri has conceded defeat to the center left candidate albert of and under his one more than 47 percent of the vote in and as his deputy will be cristina kirchner a former president who is facing allegations of corruption her husband was also president and fernandez served as his chief of staff. a draft power sharing deal has been agreed between them and internationally recognized government under southern separatist group it's a ms to end the fighting in the port city of aden which the southern transitional council seized in august world leaders a warning the fight against isn't over despite the death of abu bakar al baghdadi france and britain say they'll continue to work with allies in the middle east to defeat the group by that he blew himself up during a u.s. raid in syria in beirut protesters are blocking roads as part of demonstrations that are now into the 12th day on sunday tens of thousands of people formed a

oh voters in argentina have elected a new leader president has conceded defeat alberto fernandez his deputy is the former president cristina kirchner who is facing a corruption trial both now face the challenge of solving argentina's latest financial crisis and potential bankruptcy chris about reports of. a party. to celebrate the victory but at the bottom on this and the defeat of precedent. for us and leonsis she's proud of the result too good to let that be a productive d.c. associates all my life i've been fighting for social justice and the past 4 years have been torture for me seeing how the economic situation deteriorated because of mccrery now i can be proud of being argentinian again. people here are celebrating the comeback of that they are nice today say that people are already who they hope will help argentina cope with what's coming next to that difficult economic situation with a 55 percent inflation rate and the possibility offered the folks in the foreign debt. a lot of the fundamentalists was chief of staff to former president. he's running mate to time pressing cris

argentina is tightening currency controls. that is after opposition candidate alberto fernando won the presidential elections. they will be limited to purchases of $200 a month, much lower than the previous limit of $10,000. -- he will take over from the incumbent on december 10. islamic state leader abdu bakr al-bagdhadi is dead. president donald trump says special forces carried out a raid in syria. he detonated -- the leader the isis leader detonated an explosive device. it was suggested he would be killed in an airstrike the following day. the textays parts of for a preliminary deal are completed. this follows consensus over areas including agricultural standards. president donald trump and president xi jinping aim to sign the agreement in chile next month. firefighters are working to contain blazes across northern california. the fires have forced evacuation of nearly 200,000 people. governor gavin newsom has declared a state of emergency. pg&e are restoring power to nearly 3 million people after the state's largest ever

and the man who could be argentina's new president left leaving out that the fernandez has a huge 20 point lead as the nation prepares to vote on something. i'm serious almost got to thank you for joining us the u.k.'s exit date from the european union has been delayed yet again but it's unclear for how long britain was set to leave the european union in just under a week's time but a recent vote in the u.k. parliament against an ambitious breaks a deal schedule made that deadline impossible to reach basters has confirmed that there will indeed be an extension but said a decision on a new exit date won't be reached on till next week some are advocating a shorter extension to encourage the u.k. parliament to continue working on passing the. withdrawal agreement bill an extension until the end of january 2020 is also being considered. correspondent is following the latest and she joins us now from london hi barrett with no clear extension date at this point what is westminster's plan for pushing this through. well prime minister boris johnson has been compared by his critics to it todd

news from berlin argentina's voters turn to the left hoping that will lead them alpes of an economic crisis. that all those celebrations are likely to be short lived president elect el paso fernandez now has to pull the country back from the brink of default also coming up tonight breaks it delayed yet again the european union says yes to a break so the extension now the u.k. has until january 31st of next year to agree on a plan that will take it out of the e.u. . plus the u.s. says it has disposed of the remains of the leader of so-called islamic state i will buy her out like gandhi after he dies in a raid on his syria hideout and if we take a look at pakistan's baby blues for many talking about birth control is frowned upon the results of that are overwhelming many families. i'm burnt off it's good to have you with us the left has returned to power in argentina on a promise to fix our broken economy president elect alberto fernandez now faces the tricky task of reducing a growing melt of debt and dodging yet another damaging default. celebrations in mr. it's aquinas itas happiness

of dollars in black gold along the way patagonia could help end argentina's economic problems because the country have a plan to satisfy oil explorers and environmentalist. germany is europe's engine of growth right now it's splattering though and could slip into recession finds itself caught in the middle of the u.s. president's trade war with china that's hurting global growth and as one of the world's leading exporters it's one track that can't escape or vats tips german industry which accounts for a 5th of its economy into recession and unemployment is holding up at almost wreck hold levels that's just one positive for the economy and has also been running budget surpluses over the last 5 years and has enough headroom to stimulate the economy but chancellor angela merkel isn't willing to travel down that road the mccain goes to the heart of the country's problems. the production line is a busy place these cars will be on the road very soon helping drive the german economy as they themselves are driven and yet for some time their overall direction of travel has been worrying the co

on the the situation argentina is going through is a disaster we've hit rock bottom. the measures this government has taken has killed us with certainty. this back. as you know it is hard to move. fearing for his remaining business he tries everything he himself can afford to attract those customers that still have a penny to spare. this is what creates government makes us do special office everything's cheap we sell no name brands. like many troubled members of argentina's crumbling middle class closely or hopes to find relief after this weekend's election pinning all his hopes on opposition candidate alberta fernandez. so i hope pray and wish that this government doesn't stay on let someone else come in or someone to ease our pain to bring back faith and trust someone to unite us who listen to us to all of us. his wish may well come true but argentina's crisis certainly won't end on election day. it's to pakistan now where there are reports the country plans on controlling and restricting internet activities through a nation wide web surveillance system that is plat

we are watching argentina -- bigger than expected rate cut. we are watching argentina. all of that is ahead. this is bloomberg. ♪ ♪ romaine: live from new york, i'm romaine bostick. guy: from london, i'm guy johnson. this is "bloomberg markets." let's check those markets. emma chandra is here with more details. emma: stocks on both sides of the atlantic struggling to break out today. the stoxx 600 declining, down about 0.1%. a little wood of green on the screen in the u.s. at s&p 500 rising, but not 0.1%. call them flat. the s&p 500 still trading pretty close to a record high, but perhaps earnings are beginning to weigh. some of the biggest earnings laggards today. amazon having its worst day in about four months. all of it down to the cost of one day delivery. ab invev also falling, down some 10%. about $20 billion in market value. this all on slowing shipments of beer to both china and the u.s. not an earnings mover is pg&e, but i wanted to mention it, down some 23%, hitting an all-time low. this as wildfires raise in california. finally, i chart to show you how t

news longer from berlin argentina's voters turn to the left hoping that will lead them out of an economic crisis. those celebrations are likely to be short lived president elect alberto fernandez now has to pull the country back from the brink of default also coming up tonight to british prime minister boris johnson gets the breaks and delay he says he does not warm and parliament worth his attempt to hold a snap elections on december 12th plus wildfires ravaged northern california's wine country turning homes in famed wineries into ash. i'm bring coffee it's good to have you with us the left has returned to power in argentina on a promise to fix our broken economy but the victory it could prove to be a poisoned chalice for president elect alberto fernandez he now faces a daunting task of dodging yet another damaging economic to fall. celebrations in the streets of plano sideways happiness and hope so. overcrowd supporting the victorian vision of political outsider back to fernandez. a little bit better than the people are waking up they can't stand the oppression of those who have more a

in argentina opposition presidential candidate alberto finance is expected to beat the business friendly incumbent your mockery in next week's election that is according to the opinion polls at least populous leading fernandez's courting voters by promising to resolve the country's deep economic troubles but his vice presidential candidate cristina fernandez de kirchner she is facing corruption charges stemming from her time as president from 2007 to 2015 all of which she denies small but to raise a boat in buenos aires so a candidate who's promising to fix argentina's economic problems that is a huge promise given the depth of the problems there. well that's correct there is an enormous economic country in argentina a double digit inflation recession companies shutting down poverty rates on the rise among other things and that's what a lot of the for a man this the opposition leader from the peronist party is promising to fight back it's not clear yet how he will do that because argentina is cash strapped at this point and there has we haven't seen at this point a real plan of how this

he is relatively unknown outside of argentina. with argentina in a recession, he campaigned on rejuvenating the economy. >> it was a a long crisis. we have toto be responsible for what l lies ahead.d. thisis is the effort everyone mt make. >> he is a fan of rock music and a good friend of a popular band. he also worked for the campaign strategist for the late president. when he died, he also worked for his widow when she became president. christina became his running often playedpair on the memory of her late husband. have voted.e >> he will have to grapple with poveverty, inflation, and currey that has devalued. >> demonstrations continue in chile. what started as a student a seriesas turned into of clashes. protesters have a grorowing list of demands, including the resignation of the president. a state of emergency in california with 180,000 people .nder orders to evacuate firefighters struggling to contain the blazes across the area. alexander has more. >> a terrifying drive for these residents as they try to flee. the wildfire

military operation in a village in italy a province vote counting in argentina's presidential election is underway center left candidates alberto fernandez is facing incumbents mauricio my tree in a contest. dominated by the country's economic crisis tens of thousands of people in lebanon have formed a human chain has crossed the length of the country demonstrators say they want to present a unified front in their call for the government to resign. well let's get more on our top story the death of isis leader the group may not control much of iraq and syria anymore but it still maintains a covert network of supporters counter-terrorism officials briefed the u.n. security council in august and revealed that the group has affiliates stretching from afghanistan to south asia into nigeria and west africa which is considered to be its strongest affiliates with more than 4000 fighters or the 40000 foreign fighters who join deisel along with their families up to $30000.00 of them survived the u.s. led campaign to topple the group and i still remains very rich with around $300000000.00 at its

as argentina heads to the polls this sunday many are looking to the future with skepticism primaries in august indicated the incumbent business friendly president now this year markey could soon be facing defeat at the hands of his opponent a bit of an on this and that could mean trouble for the country's already shaky economy. has to raises prices again and last week a loaf of bread cost $65.00 pesos that is grocery store in buenos aires now he's charging 80 he doesn't want to but says prices for utilities are going up to. i have to charge more to protect myself from inflation otherwise i won't make any profit at all and. we end up passing it all on to our customers. and. this year inflation has driven up prices by around 55 percent in argentina and employment is also rising and the economic outlook is bleak welfare organizations have sounded the alarm that led the government to announce a food crisis and begin granting more assistance to those most in need i mean. there is so many soup kitchens here and children are being fed at home and there's no work. monica secure and her fello

almost 4 years ago and with a promise in a way to revert argentina's history to revert the in demick economic crisis that this country has suffered over and over again and what we're seeing right now especially where we are right now we're here in la my plans for this is that one of the larger the largest districts of the province of one outside is around 2000000 people involved in this place and when you talk to people you're there basically telling you that poverty levels have been on the rise that inflation rates have been on the rise that many shops are closing down because of the economic situation and that's why what has defined in a way this election is the economic problems that argentina is facing today and as i was explaining in the report if my p.c. able to turn around the results that happened in the primaries that happened in august where i went above and said i'm on this the opposition leader one with at least a 15 point different many you would see that as a miracle what we're seeing at the school where we are right now is for example there is lots of witnesses from th

well we're just hours away from learning who the people of argentina have elected president local media are predicting that center left candidate alberto finance is a conservative incumbent machree fernandez was a political unknown outside of argentina until this year his elect but this election is seen as a referendum on like crazy tough love austerity measures poverty has soared and the country's currency value has dropped significantly during that race president say. president received a mockery striking new witness poses at his last campaign rally in berlin as iran is. very aware that back here we will turn over the page of frustration we will turn around the election and we will turn around this country forever. himself has a lot to turn around as his victory in the presidential election looks highly unlikely. the man projected to defeat him by a landslide is opposition candidate alberta fernandez he's benefited from the disappointment felt by many arjan tines over much chris unsuccessful handling of the economy mccree came to power in 2015 promising market reforms open door trade