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▼ 0.11% USD/MXN17.48▲ 0.18% USD/CLP939.74▼ 0.01% 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/BRL5.80▲ 0.36% BRENT 86.04 ▼ 2.63% WTI 80.55 ▼ 2.49% IRON ORE 161.91 — — COPPER 6.33 ▼ 0.21% GOLD 4,030 ▼ 1.09% SILVER 57.54 ▼ 1.60% SOY 1,209 ▲ 0.02% CORN 476.00 ▲ 5.37% WHEAT 657.75 ▼ 0.34% COFFEE 343.80 ▲ 5.93% SUGAR 14.55 ▼ 0.21% ORANGE JUICE 141.40 ▼ 0.25% COTTON 80.10 ▲ 0.96% COCOA 5,189 ▲ 1.75% 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 63,301 ▼ 0.67% ETH 1,875 ▼ 0.81% SOL 73.21 ▼ 1.26% XRP 1.05 ▼ 0.96% BNB 565.28 ▼ 0.08% ADA 0.16 ▲ 1.14% DOGE 0.07 ▼ 0.32% AVAX 6.44 ▲ 0.69% LINK 8.30 ▼ 0.72% DOT 0.76 ▲ 1.01% LTC 46.44 ▲ 0.96% BCH 213.50 ▲ 0.84% TRX 0.33 ▲ 0.26% XLM 0.17 ▼ 0.33% HBAR 0.07 ▼ 0.42% NEAR 1.67 ▼ 0.62% ATOM 1.31 ▲ 0.45% AAVE 96.92 ▼ 0.95% 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 53,928 ▲ 0.55% USD/ZAR16.80▲ 0.23% USD/NGN 1,361 — 0.00% NIKKEI 62,365 ▼ 3.95% CSI300 4,570 ▼ 2.83% HSI 25,311 ▲ 0.41% NIFTY 23,988 ▼ 0.03% KOSPI 6,024 ▼ 10.84% JCI 6,131 ▼ 0.89% USD/JPY163.89▲ 0.08% USD/CNY6.76▼ 0.12% DAX 25,518 ▲ 0.62% CAC 8,458 ▲ 0.62% FTSE 10,840 ▲ 0.54% MIB 52,191 ▲ 0.26% IBEX 19,850 ▲ 0.55% STOXX 646.85 ▲ 0.35% EUR/USD1.14▼ 0.08% GBP/USD1.33▼ 0.54% 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 18.88 ▲ 1.12% USD/CAD1.41▼ 0.08% 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 ▼ 0.11% USD/MXN 17.48 ▲ 0.17% USD/CLP 939.74 ▼ 0.01% 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 5.80 ▲ 0.36% BRENT 86.04 ▼ 2.63% WTI 80.55 ▼ 2.49% IRON ORE 161.91 — — COPPER 6.33 ▼ 0.21% GOLD 4,030 ▼ 1.09% SILVER 57.54 ▼ 1.60% SOY 1,209 ▲ 0.02% CORN 476.00 ▲ 5.37% WHEAT 657.75 ▼ 0.34% COFFEE 343.80 ▲ 5.93% SUGAR 14.55 ▼ 0.21% ORANGE JUICE 141.40 ▼ 0.25% COTTON 80.10 ▲ 0.96% COCOA 5,189 ▲ 1.75% 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 63,301 ▼ 0.67% ETH 1,875 ▼ 0.81% SOL 73.21 ▼ 1.26% XRP 1.05 ▼ 0.96% BNB 565.28 ▼ 0.08% ADA 0.16 ▲ 1.14% DOGE 0.07 ▼ 0.32% AVAX 6.44 ▲ 0.69% LINK 8.30 ▼ 0.72% DOT 0.76 ▲ 1.01% LTC 46.44 ▲ 0.96% BCH 213.50 ▲ 0.84% TRX 0.33 ▲ 0.26% XLM 0.17 ▼ 0.33% HBAR 0.07 ▼ 0.42% NEAR 1.67 ▼ 0.62% ATOM 1.31 ▲ 0.45% AAVE 96.92 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In-Depth - Brazil Life & Society

Brazil’s Bolsonaro Government is Its Own Worst Enemy

By · April 24, 2019 · 3 min read

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By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – After three and a half months in power, the Administration of President Jair Bolsonaro seems to be its own worst enemy with fighting among members of the government and Bolsonaro allies being reported by the media on a daily basis.

Brazil,Vice-President Hamilton Mourão has been fighting with the President's guru, Olavo de Carvalho
Vice-President Hamilton Mourão has been fighting with the President’s guru, Olavo de Carvalho, photo by Valter Campanata/Agencia Brasil.
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But just as the latest crisis between President Bolsonaro’s guru, Olavo de Carvalho, and the country’s Vice President, Retired Army General Hamilton Mourão, seemed to be dying down, Bolsonaro’s son, Carlos, took to social media to attack the VP.

The Rio de Janeiro lawmaker called Carvalho ‘a gigantic reference of what has been going on for a long time in Brazil’ after the declaration of Mourão that the philosopher should concentrate on his role as an ‘astrologer’ and not meddle in Brazilian politics from his home in the state of Virginia, U.S.

According to Carlos, to disregard Carvalho’s comments and influence can ‘only be due to three reasons: total ignorance, not really caring about the real problems of Brazil or thinking that the world revolves around him/her.”

The spat between Carvalho and Mourão forced President Bolsonaro to choose sides, and on Sunday, for the first time, he lightly criticized Carvalho.

“Professor Olavo de Carvalho has played a considerable role in exposing the conservative ideas that were opposed to the anachronistic message worshiped by the left and that so badly damaged our country,” said a note by the President read by government spokesperson Otavio do Rego Barros.

“However, his recent statements against members of the Administration do not contribute to the uniqueness of efforts and consequent achievement of the objectives proposed in our government’s project,” added the President.

Bolsonaro’s censure was in relation to a video posted by Carvalho on You Tube where he questions how military schools can contribute to the country and said that the military regime between 1964 and 1985, had ‘destroyed the politics of the right-wing’.

“What was the last contribution of military schools to the nation’s culture? These people came to power in 1964, destroyed right-wing politicians and left what? The communists,” said Carvalho on the video that by Sunday had more than 100,000 views.

According to the self-proclaimed philosopher, the President should be considered a martyr ‘to put up with those sons of b…. around him’.

Mourão responded quickly suggesting that Carvalho stick to his conspiracy theories and leave the administration of the government to those in office.

To which Carvalho responded: “The mere fact of interpreting the things I have said about the military regime as ‘criticism’ rather than a simple historical revision already shows that Mourão does not reach the level of truth and falsehood, only that of friend and enemy. He is a teenager totally disqualified for any serious intellectual debate.”

Brazil,Jair Bolsonaro and son, Carlos Bolsonaro, follow the teachings of philosopher Olavo de Carvalho
Jair Bolsonaro and son, Carlos Bolsonaro, follow the teachings of philosopher Olavo de Carvalho, photo by Fabio Pozzebom/Agencia Brasil.

At that point, Bolsonaro stepped in to try to ease the tension. According to the President’s spokesperson, the President is still convinced that Carvalho, ‘with his patriotic spirit, is trying to contribute to positive change to the future of Brazil’.

With the statement made by Bolsonaro, this latest crisis seemed to be dying down on Monday afternoon. Peace, however, lasted only a few hours. Early on Tuesday morning, Carlos Bolsonaro, on his Twitter account, said he was surprised that Mourão had accepted the invitation by U.S. think tank Wilson Center to speak about the new government.

According to Bolsonaro, the Center had explicitly noted that it would discuss Bolsonaro’s first hundred days in office, which according to the Center was ‘marked by political paralysis, largely due to the successive crisis generated by the circle next to the president, if not by himself’.

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