PODCAST: A huge quarterly loss for Brazilian oil company
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Gas is cheap, but what about the cost of putting a roof over your head? We look at the trend towards skyrocketing rent. Plus, Petrobras, the government-run oil company in Brazil today posted the worse quarterly loss in its history. We’ll talk to the BBC’s South America business correspondent Daniel Gallas from Sao Paolo, Brazil, to find out why. And by one estimate, the buying power of U.S. Latinos is three times what it was in the year 2000: that’s $1.5 trillion. Big retailers are trying to keep pace. Target says Hispanic millennials are now their core demographic. And now, they’ve got an ad campaign to go with the shift.
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