IBOV 175,334.46 ▲ 0.74% IPSA 10,964.11 ▲ 0.12% IPC MEX 67,183.26 ▲ 1.20% MERVAL 3,305,316 ▲ 0.65% COLCAP 2,282.91 ▲ 0.37% BVL PERÚ 57,237.60 — — USD/BRL5.11▼ 0.05% USD/MXN17.46▲ 0.05% USD/CLP939.74▼ 0.97% USD/COP3,205▼ 0.36% USD/PEN3.40▼ 0.02% USD/ARS1,497▼ 0.03% USD/UYU40.15▲ 1.29% USD/PYG6,020▲ 1.46% USD/BOB11.32▲ 3.54% USD/DOP58.07▲ 0.90% USD/CRC449.99▲ 1.60% USD/GTQ7.62▲ 2.19% USD/HNL26.75▲ 1.51% USD/NIO36.62▲ 0.69% USD/VES740.95▼ 0.05% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.26% USD/TTD6.75▲ 1.35% EUR/BRL5.81▲ 0.50% BRENT 85.36 ▼ 3.40% WTI 80.36 ▼ 2.72% IRON ORE 161.91 — — COPPER 6.34 ▲ 0.02% GOLD 4,044 ▼ 0.76% SILVER 57.78 ▼ 1.18% SOY 1,209 — 0.00% CORN 475.25 ▲ 5.20% WHEAT 654.50 ▼ 0.83% COFFEE 312.35 ▼ 3.76% SUGAR 14.60 ▲ 0.14% ORANGE JUICE 141.40 ▼ 0.25% COTTON 79.94 ▲ 0.76% COCOA 5,298 ▼ 1.45% BEEF 218.30 ▼ 3.86% CATTLE 331.28 ▼ 4.07% LITHIUM 68.63 ▲ 1.21% PETR4 41.01 ▼ 2.84% VALE3 75.69 ▲ 0.60% ITUB4 42.69 ▲ 1.40% BBDC4 18.71 ▲ 1.24% ABEV3 15.86 ▲ 1.41% BBAS3 20.50 ▲ 0.74% B3SA3 15.72 ▲ 1.81% WEGE3 46.40 ▲ 0.89% PRIO3 55.71 ▼ 5.29% SUZB3 41.87 ▲ 0.07% RENT3 37.72 ▲ 2.25% AZZA3 17.11 ▲ 2.76% CSAN3 3.95 ▲ 3.95% RAIZ4 0.26 — 0.00% PCAR3 2.74 ▼ 1.79% GMAT3 3.83 ▲ 1.06% PSSA3 54.29 ▼ 0.89% CVCB3 1.36 ▲ 1.49% POSI3 3.52 ▼ 0.85% SLCE3 13.38 ▼ 1.91% NATU3 8.49 ▲ 1.31% BRKM5 6.08 ▼ 0.33% RANI3 7.93 ▼ 0.25% CSNA3 5.71 ▲ 6.53% CMIN3 5.80 ▲ 1.93% USIM5 8.61 ▲ 1.53% GGBR4 24.48 ▲ 0.91% ENEV3 25.47 ▲ 2.29% CPFE3 44.75 ▼ 0.75% CMIG4 11.17 ▲ 1.73% EQTL3 38.80 ▲ 1.20% LREN3 13.73 ▲ 3.47% VIVT3 36.11 ▲ 2.26% RAIL3 13.80 ▲ 1.69% KLABIN 17.68 ▲ 0.91% RAIA DROGASIL 18.17 ▲ 1.06% RDOR3 33.60 ▲ 0.66% HAPV3 10.19 ▲ 2.72% FLRY3 16.53 ▲ 1.66% SMTO3 14.67 ▼ 2.52% UGPA3 32.09 ▼ 1.90% VBBR3 34.50 ▼ 1.71% BBSE3 40.54 ▼ 2.29% BPAC11 55.55 ▲ 1.61% CURY3 30.39 ▲ 3.54% AERI3 2.05 ▲ 0.49% VIVARA 22.01 ▲ 2.75% COMPASS 25.30 ▲ 2.18% VAMOS 3.17 ▲ 0.63% SANB11 27.36 ▲ 3.87% ASAI3 8.11 ▲ 3.31% SBSP3 28.87 ▲ 1.73% WALMEX 48.52 ▲ 0.92% GMEXICO 209.50 ▲ 1.07% FEMSA 230.17 ▲ 3.68% CEMEX 21.37 ▲ 1.09% GFNORTE 196.59 ▲ 2.25% BIMBO 59.24 ▲ 1.59% TELEVISA 9.93 ▲ 1.22% AMX 22.49 ▼ 1.40% GAP 377.40 ▲ 0.10% ASUR 268.57 ▲ 0.30% OMA 228.74 ▲ 1.15% KOF 189.00 ▲ 5.35% GRUMA 267.85 ▼ 0.01% KIMBER 39.92 ▲ 0.71% SQM-B 64,650 ▼ 1.07% COPEC 6,249 ▼ 1.28% BSANTANDER 80.77 ▲ 1.83% FALABELLA 6,155 ▲ 2.75% ENELAM 85.89 ▲ 0.47% CENCOSUD 1,915 ▼ 2.20% CMPC 1,040 ▲ 1.41% BANCO CHILE 193.26 ▲ 0.08% LATAM AIR 24.60 ▲ 3.02% YPF 81,225 ▼ 0.95% GGAL 7,960 ▲ 0.89% PAMPA 5,475 ▼ 0.73% TXAR 675.00 ▲ 0.15% ALUAR 984.50 ▲ 1.29% TGS 9,710 ▼ 0.56% CEPU 2,383 ▲ 0.76% MIRGOR 16,825 ▲ 1.82% COME 42.46 ▲ 0.12% LOMA NEGRA 3,700 ▲ 2.49% BYMA 302.75 ▲ 0.75% TELECOM ARG 4,490 ▲ 2.51% ECOPETROL 15.80 ▼ 1.31% BANCOLOMBIA 87.93 ▲ 2.23% GRUPO AVAL 4.82 ▲ 0.84% CREDICORP 390.99 ▲ 0.66% SOUTHERN COPPER 179.32 ▲ 0.02% BUENAVENTURA 31.72 ▲ 2.62% MERCADOLIBRE 1,820 ▲ 1.02% NUBANK 14.53 ▲ 3.12% XP 16.74 ▲ 0.30% PAGSEGURO 9.38 ▲ 1.96% STONE 10.89 ▲ 1.21% GLOBANT 32.64 ▲ 4.28% TECNOGLASS 45.44 ▲ 0.31% GAP AIRPORT 216.27 ▼ 0.00% ASUR 268.57 ▲ 0.30% OMA AIRPORT 104.80 ▲ 1.32% AMX ADR 25.70 ▼ 1.19% FEMSA ADR 132.15 ▲ 3.96% CEMEX ADR 12.21 ▲ 1.24% PETROBRAS ADR 18.00 ▼ 4.10% VALE ADR 14.78 ▼ 0.07% ITAU ADR 8.37 ▲ 1.09% SANTANDER BR 5.44 ▲ 2.64% AMBEV ADR 3.07 ▲ 0.33% CSN 1.12 ▲ 3.70% GERDAU 4.83 ▲ 0.42% LATAM ADR 52.27 ▲ 4.23% BTC 63,409 ▼ 0.50% ETH 1,883 ▼ 0.42% SOL 73.34 ▼ 1.08% XRP 1.06 ▼ 0.85% BNB 565.39 ▼ 0.06% ADA 0.16 ▲ 1.27% DOGE 0.07 ▼ 0.19% AVAX 6.43 ▲ 0.53% LINK 8.32 ▼ 0.50% DOT 0.76 ▲ 0.35% LTC 46.30 ▲ 0.65% BCH 212.67 ▲ 0.45% TRX 0.33 ▲ 0.27% XLM 0.17 ▲ 0.06% HBAR 0.07 ▼ 0.41% NEAR 1.68 ▼ 0.32% ATOM 1.30 ▼ 0.17% AAVE 97.38 ▼ 0.48% SELIC 14.25% EMBRAER 86.90 ▲ 5.33% EMBRAER ADR 67.99 ▲ 4.71% JBS 13.55 ▲ 10.34% JBS BDR 69.23 ▲ 11.59% MBRF3 15.89 ▲ 7.08% MBRFY 2.96 ▲ 0.68% INTER 5.56 ▲ 5.10% EGX 53,919 ▲ 0.53% USD/ZAR16.75▼ 0.05% USD/NGN 1,361 — 0.00% NIKKEI 62,365 ▼ 3.95% CSI300 4,570 ▼ 2.83% HSI 25,311 ▲ 0.41% NIFTY 24,001 ▲ 0.02% KOSPI 6,024 ▼ 10.84% JCI 6,151 ▼ 0.57% USD/JPY163.81▲ 0.04% USD/CNY6.77▲ 0.01% DAX 25,462 ▲ 0.40% CAC 8,426 ▲ 0.24% FTSE 10,797 ▲ 0.14% MIB 52,060 ▲ 0.01% IBEX 19,787 ▲ 0.23% STOXX 645.17 ▲ 0.09% EUR/USD1.14▲ 0.05% GBP/USD1.33▼ 0.35% SPX 7,413 ▲ 0.02% DJI 52,210 ▲ 0.51% NDX 28,039 ▼ 0.32% RUT 2,948 ▲ 0.62% TSX 35,568 ▲ 0.56% VIX 19.20 ▲ 2.84% USD/CAD1.41▼ 0.09% US10Y 4.6410 ▼ 0.81% IBOV 175,334.46 ▲ 0.74% IPSA 10,964.11 ▲ 0.12% IPC MEX 67,183.26 ▲ 1.20% MERVAL 3,305,316 ▲ 0.65% COLCAP 2,282.91 ▲ 0.37% BVL PERÚ 57,237.60 — — USD/BRL 5.11 ▼ 0.05% USD/MXN 17.46 ▲ 0.05% USD/CLP 939.74 ▼ 0.97% USD/COP 3,205 ▼ 0.36% USD/PEN 3.40 ▼ 0.02% USD/ARS 1,497 ▼ 0.03% USD/UYU 40.15 ▲ 1.29% USD/PYG 6,020 ▲ 1.46% USD/BOB 11.32 ▲ 3.54% USD/DOP 58.07 ▲ 0.90% USD/CRC 449.99 ▲ 1.60% USD/GTQ 7.62 ▲ 2.19% USD/HNL 26.75 ▲ 1.51% USD/NIO 36.62 ▲ 0.69% USD/VES 740.95 ▼ 0.05% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.26% USD/TTD 6.75 ▲ 1.35% EUR/BRL 5.81 ▲ 0.50% BRENT 85.36 ▼ 3.40% WTI 80.36 ▼ 2.72% IRON ORE 161.91 — — COPPER 6.34 ▲ 0.02% GOLD 4,044 ▼ 0.76% SILVER 57.78 ▼ 1.18% SOY 1,209 — 0.00% CORN 475.25 ▲ 5.20% WHEAT 654.50 ▼ 0.83% COFFEE 312.35 ▼ 3.76% SUGAR 14.60 ▲ 0.14% ORANGE JUICE 141.40 ▼ 0.25% COTTON 79.94 ▲ 0.76% COCOA 5,298 ▼ 1.45% BEEF 218.30 ▼ 3.86% CATTLE 331.28 ▼ 4.07% LITHIUM 68.63 ▲ 1.21% PETR4 41.01 ▼ 2.84% VALE3 75.69 ▲ 0.60% ITUB4 42.69 ▲ 1.40% BBDC4 18.71 ▲ 1.24% ABEV3 15.86 ▲ 1.41% BBAS3 20.50 ▲ 0.74% B3SA3 15.72 ▲ 1.81% WEGE3 46.40 ▲ 0.89% PRIO3 55.71 ▼ 5.29% SUZB3 41.87 ▲ 0.07% RENT3 37.72 ▲ 2.25% AZZA3 17.11 ▲ 2.76% CSAN3 3.95 ▲ 3.95% RAIZ4 0.26 — 0.00% PCAR3 2.74 ▼ 1.79% GMAT3 3.83 ▲ 1.06% PSSA3 54.29 ▼ 0.89% CVCB3 1.36 ▲ 1.49% POSI3 3.52 ▼ 0.85% SLCE3 13.38 ▼ 1.91% NATU3 8.49 ▲ 1.31% BRKM5 6.08 ▼ 0.33% RANI3 7.93 ▼ 0.25% CSNA3 5.71 ▲ 6.53% CMIN3 5.80 ▲ 1.93% USIM5 8.61 ▲ 1.53% GGBR4 24.48 ▲ 0.91% ENEV3 25.47 ▲ 2.29% CPFE3 44.75 ▼ 0.75% CMIG4 11.17 ▲ 1.73% EQTL3 38.80 ▲ 1.20% LREN3 13.73 ▲ 3.47% VIVT3 36.11 ▲ 2.26% RAIL3 13.80 ▲ 1.69% KLABIN 17.68 ▲ 0.91% RAIA DROGASIL 18.17 ▲ 1.06% RDOR3 33.60 ▲ 0.66% HAPV3 10.19 ▲ 2.72% FLRY3 16.53 ▲ 1.66% SMTO3 14.67 ▼ 2.52% UGPA3 32.09 ▼ 1.90% VBBR3 34.50 ▼ 1.71% BBSE3 40.54 ▼ 2.29% BPAC11 55.55 ▲ 1.61% CURY3 30.39 ▲ 3.54% AERI3 2.05 ▲ 0.49% VIVARA 22.01 ▲ 2.75% COMPASS 25.30 ▲ 2.18% VAMOS 3.17 ▲ 0.63% SANB11 27.36 ▲ 3.87% ASAI3 8.11 ▲ 3.31% SBSP3 28.87 ▲ 1.73% WALMEX 48.52 ▲ 0.92% GMEXICO 209.50 ▲ 1.07% FEMSA 230.17 ▲ 3.68% CEMEX 21.37 ▲ 1.09% GFNORTE 196.59 ▲ 2.25% BIMBO 59.24 ▲ 1.59% TELEVISA 9.93 ▲ 1.22% AMX 22.49 ▼ 1.40% GAP 377.40 ▲ 0.10% ASUR 268.57 ▲ 0.30% OMA 228.74 ▲ 1.15% KOF 189.00 ▲ 5.35% GRUMA 267.85 ▼ 0.01% KIMBER 39.92 ▲ 0.71% SQM-B 64,650 ▼ 1.07% COPEC 6,249 ▼ 1.28% BSANTANDER 80.77 ▲ 1.83% FALABELLA 6,155 ▲ 2.75% ENELAM 85.89 ▲ 0.47% CENCOSUD 1,915 ▼ 2.20% CMPC 1,040 ▲ 1.41% BANCO CHILE 193.26 ▲ 0.08% LATAM AIR 24.60 ▲ 3.02% YPF 81,225 ▼ 0.95% GGAL 7,960 ▲ 0.89% PAMPA 5,475 ▼ 0.73% TXAR 675.00 ▲ 0.15% ALUAR 984.50 ▲ 1.29% TGS 9,710 ▼ 0.56% CEPU 2,383 ▲ 0.76% MIRGOR 16,825 ▲ 1.82% COME 42.46 ▲ 0.12% LOMA NEGRA 3,700 ▲ 2.49% BYMA 302.75 ▲ 0.75% TELECOM ARG 4,490 ▲ 2.51% ECOPETROL 15.80 ▼ 1.31% BANCOLOMBIA 87.93 ▲ 2.23% GRUPO AVAL 4.82 ▲ 0.84% CREDICORP 390.99 ▲ 0.66% SOUTHERN COPPER 179.32 ▲ 0.02% BUENAVENTURA 31.72 ▲ 2.62% MERCADOLIBRE 1,820 ▲ 1.02% NUBANK 14.53 ▲ 3.12% XP 16.74 ▲ 0.30% PAGSEGURO 9.38 ▲ 1.96% STONE 10.89 ▲ 1.21% GLOBANT 32.64 ▲ 4.28% TECNOGLASS 45.44 ▲ 0.31% GAP AIRPORT 216.27 ▼ 0.00% ASUR 268.57 ▲ 0.30% OMA AIRPORT 104.80 ▲ 1.32% AMX ADR 25.70 ▼ 1.19% FEMSA ADR 132.15 ▲ 3.96% CEMEX ADR 12.21 ▲ 1.24% PETROBRAS ADR 18.00 ▼ 4.10% VALE ADR 14.78 ▼ 0.07% ITAU ADR 8.37 ▲ 1.09% SANTANDER BR 5.44 ▲ 2.64% AMBEV ADR 3.07 ▲ 0.33% CSN 1.12 ▲ 3.70% GERDAU 4.83 ▲ 0.42% LATAM ADR 52.27 ▲ 4.23% BTC 63,409 ▼ 0.50% ETH 1,883 ▼ 0.42% SOL 73.34 ▼ 1.08% XRP 1.06 ▼ 0.85% BNB 565.39 ▼ 0.06% ADA 0.16 ▲ 1.27% DOGE 0.07 ▼ 0.19% AVAX 6.43 ▲ 0.53% LINK 8.32 ▼ 0.50% DOT 0.76 ▲ 0.35% LTC 46.30 ▲ 0.65% BCH 212.67 ▲ 0.45% TRX 0.33 ▲ 0.27% XLM 0.17 ▲ 0.06% HBAR 0.07 ▼ 0.41% NEAR 1.68 ▼ 0.32% ATOM 1.30 ▼ 0.17% AAVE 97.38 ▼ 0.48% SELIC 14.25% EMBRAER 86.90 ▲ 5.33% EMBRAER ADR 67.99 ▲ 4.71% JBS 13.55 ▲ 10.34% JBS BDR 69.23 ▲ 11.59% MBRF3 15.89 ▲ 7.08% MBRFY 2.96 ▲ 0.68% INTER 5.56 ▲ 5.10% EGX 53,919 ▲ 0.53% USD/ZAR 16.77 ▲ 0.16% USD/NGN 1,361 — 0.00% NIKKEI 62,365 ▼ 3.95% CSI300 4,570 ▼ 2.83% HSI 25,311 ▲ 0.41% NIFTY 24,001 ▲ 0.02% KOSPI 6,024 ▼ 10.84% JCI 6,151 ▼ 0.57% USD/JPY 163.83 ▲ 0.08% USD/CNY 6.7664 ▲ 0.18% DAX 25,462 ▲ 0.40% CAC 8,426 ▲ 0.24% FTSE 10,797 ▲ 0.14% MIB 52,060 ▲ 0.01% IBEX 19,787 ▲ 0.23% STOXX 645.17 ▲ 0.09% EUR/USD 1.1374 ▼ 0.01% GBP/USD 1.3302 ▲ 0.08% SPX 7,413 ▲ 0.02% DJI 52,210 ▲ 0.51% NDX 28,039 ▼ 0.32% RUT 2,948 ▲ 0.62% TSX 35,568 ▲ 0.56% VIX 19.20 ▲ 2.84% USD/CAD 1.4114 ▼ 0.05% US10Y 4.6410 ▼ 0.81%
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Op-Ed Guest Opinions

Gringo View: Where is all this Leading? (Opinion)

By · May 31, 2020 · 4 min read

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RIO DE JANEIRO, BRAZIL (Opinion) I’m old enough to remember very clearly October 1962 when Russian ships carrying missiles were just hours away from landing in Cuba and President Kennedy had issued a stern warning to the Kremlin to turn the ships back or else. Or else: what?

We anxiously waited to find out. It was going to be either nuclear Armageddon or a stand-down and return to pre-confrontational normal. We asked ourselves again and again: What next: where is all this leading?

In fact, it changed things for the better. Khrushchev and Kennedy found an acceptable and face-saving compromise, the ships turned around, the crisis wound down and relations between the nations changed for the better.

If it is true that a picture is worth a thousand words, this image of a demonstration against the horrific murder of a black man, George Floyd, at the hands of the Minneapolis Police Department last week, expresses better than any words the anguish of the community, in the face of yet another example of the racist brutality we are witnessing more and more in the US and Brazil. These are not the faces of idle demonstrators. They are genuinely hurt and angry.

This fire must be partly fueled by the frustration of weeks of pandemic seclusion. As 27-year-old Jason Phillips of Queens said, at a Manhattan protest: “I’m just really tired of sitting at home and just doing nothing, basically watching this happen. I need to be a part of history. I need to be a part of the change.”

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Is this angst simply magnified by the pandemic and triggered by particularly egregious events and only now bursting into flame? Or are we on the cusp of some form of major change in our societies’ glaring inequalities; if so, how will those changes manifest themselves in the months to come?

What’s next: where is this leading?

Perhaps it is leading towards a seismic change in attitudes and actions that move to reduce economic and social inequality, honestly address racial grievances, and make police brutality totally unacceptable. Or more dangerously, as some on the radical right would like, we will experience an increase in violent civil strife, creating anarchistic chaos leading in the direction of revolution or civil war? At this point in time it is hard to predict.

The effect of the lengthy quarantines and the Minneapolis police killing seen by millions on live TV and the Bolsonaro-supported rallies of “hundreds of diehard, far-right protesters in Brasília” must certainly be factors. But they are just the tip of the racial and economic inequality iceberg.

The danger created by the vacuum of leadership in both Brazil and the US is palpable. If, like Jason Phillips, one is hoping for historic change, it is not encouraging to listen to Trump and Bolsonaro’s exclamations or to assess their actions.

“Bolsonaro, who favors reopening the country against the advice of public health experts, is increasingly at war with anyone in the government who does not bend their knee to him, which includes representatives of almost every democratic institution in the country — stoking fears that Brazil is accelerating its slide toward another dictatorship” writes ‘The Intercept’. He noisily encourages his followers to break the masking and social distancing regulations and coyly threatens military intervention if frustrated by the legislature or the courts.

Trump, watching his house of cards collapsing around him and his re-election chances trending downwards, has loudly condemned the largely black demonstrators in Minneapolis and other cities.

He referred to the demonstrators, who are startlingly reminiscent of the Black Lives Matter movement six years ago, as “thugs”, a racially charged term. Unlike his assertion, after the 2017 Charlottesville demonstration, that “you also had people that were very fine people, on both sides”, this time, there were no ‘both sides’.

Trump also noted that the military is standing by and could be used in the city and his accompanying Tweet; “When the looting starts,” he warned, “the shooting starts.” This was too much even for Twitter, which tagged the president’s tweet with a warning message that the president’s tweet was ‘glorifying violence’ and, while allowing it to stay on the platform, Twitter restricted its forwarding, etc.

At this writing the demonstrations are spreading and growing across America.

Opined ‘The NY Times’, “The escalating violence and destruction felt like a warning that this moment could be spinning out of control both because of the limitations of a largely spontaneous, leaderless movement and because, protesters and officials warned, there were indications it was also being undermined by agitators trying to sabotage it.” It is impossible to predict the outcome.

What is certain is that the pandemic has shined a spotlight on the enduring racial and economic inequalities in both countries and the time for change is now. Or else.

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