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Brazil's Bolsonaro to break silence and accept defeat, minister says

By Ricardo Brito and Brian Ellsworth BRASILIA/SAO PAULO (Reuters) -Brazil's far-right President Jair Bolsonaro will not contest his electoral defeat and plans to address the...
Brazil's Bolsonaro to break silence and accept defeat, minister says © Reuters. Supporters of Brazil's President Jair Bolsonaro, mainly truck drivers, block a highway during a protest over Bolsonaro's defeat in the presidential run-off election, in Queimados, in the State of Rio de Janeiro, Brazil, November 1, 2022. REUTERS/Pilar Oli
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By Ricardo Brito and Brian Ellsworth

BRASILIA/SAO PAULO (Reuters) -Brazil's far-right President Jair Bolsonaro will not contest his electoral defeat and plans to address the nation later on Tuesday, his Communications Minister Fabio Faria told Reuters, as a growing number of political allies advised him to concede.

Some of Bolsonaro's hardline supporters have called for military intervention to keep Bolsonaro in power and stop leftist President-elect Luiz Inacio Lula da Silva from taking office. Pro-Bolsonaro truck drivers blocked federal highways.

The presidential address may defuse the protests across Brazil by small groups of his supporters, which have begun to cause economic disruptions, drawing calls from farm and retail groups for Bolsonaro to accept defeat and begin a transition.

Bolsonaro has not made public remarks or spoken with Lula since the race was decided on Sunday evening.

Close political allies, including his chief of staff Ciro Nogueira and his Vice President Hamilton Mourao, have begun to make contact with the Lula camp to discuss a transition. Others, including the speaker of the lower house of Congress, called on the Bolsonaro government to respect the election result.

The powerful agricultural lobby CNA, representing farmers who were important campaign donors for Bolsonaro, said it was ready for conversations with the incoming government, which will take office on Jan. 1.

Brazilian supermarkets lobby Abras reported supply problems due to the protests and appealed to Bolsonaro to resolve the situation before shop shelves begin to empty.

Sao Paulo Governor Rodrigo Garcia ordered hourly fines of 100,000 reais ($20,000) on anyone found blocking highways and dispatched state police to start clearing blockades. On a major route west of the state capital, police fired tear gas and rubber bullets to break up a demonstration.

Meatpackers are concerned about the blocked highways hurting their ability to ship perishable goods, and some may scale back production from Wednesday, according to an industry source.

The Supreme Court ordered police to remove scores of blockades that had blocked access to a key grains-exporting port, shut off the country's largest airport and started to affect the transportation of food and fuel.

Farias said Bolsonaro would meet with the members of the top court. However, at least one justice has refused to meet with the president without an official invitation with a clear agenda, according to one court source, who requested anonymity.

Before Sunday's vote, Bolsonaro repeatedly made baseless claims the electoral system was open to fraud.

SUPPORTERS DIVIDED

Truckers, who have benefited from Bolsonaro lowering diesel costs, are one of the president's key constituencies, and have previously disrupted Brazil's economy with highway closures.

Some truck divers posted videos calling for a military coup to stop Lula from taking office.

A doctor in upstate Sao Paulo, Joao Queiroz, who voted for Bolsonaro, said the roadblocks had disrupted vital supplies to perform hemodialysis on patients at a hospital in Riberao Preto.

"I am so angry that Bolsonaro is ending his term with a totally reprehensible attitude that is putting the health of people at risk," he told Reuters.

Protesters also blocked a major highway linking Rio de Janeiro and Sao Paulo, Brazil's two largest cities, and the main access road to Sao Paulo's Guarulhos international airport, the busiest in the country. The airport said it canceled 25 flights before the road was reopened on Tuesday morning.

"We honest Brazilians are against the return of that gang that looted state coffers," said protesting truck driver Vando Soares, opposed to the return to office of Lula, whose 2003-2010 presidency was stained by a corruption scandal.

"We are not moving until that bandit is stopped from assuming as president," he said.

Lula's win represents a stunning comeback for the 77-year-old former metalworker, spent 19 months in jail for corruption convictions before they were annulled last year.

Lula has vowed to overturn many of Bolsonaro's policies, including pro-gun measures and weak protection of the Amazon (NASDAQ:AMZN) rainforest.

The PRF said protesters were blocking highways partially or fully in more than 200 locations, as part of protests that have spread to 21 of Brazil's 26 states and Federal District. They said another 192 roadblocks had been cleared.

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

1.0658

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EUR/USD

1.0658

-0.0008 (-0.07%)

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GBP/USD

1.2475

-0.0015 (-0.12%)

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USD/JPY

157.91

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AUD/USD

0.6469

-0.0003 (-0.05%)

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USD/CAD

1.3780

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank8,300/ 8,500
(8,300/ 8,500) # 1,298
SJC 1L, 10L, 1KG8,300/ 8,520
(0/ 0) # 1,510
SJC 1c, 2c, 5c7,380/ 7,550
(0/ 0) # 540
SJC 0,5c7,380/ 7,560
(0/ 0) # 550
SJC 99,99%7,370/ 7,470
(0/ 0) # 460
SJC 99%7,196/ 7,396
(0/ 0) # 386
Cập nhật 01-05-2024 10:45:19
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ↀ Giá vàng thế giới
$2,285.72 -47.5 -2.04%
Live 24 hour Gold Chart
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Sản phẩm Vùng 1 Vùng 2
RON 95-V25.44025.940
RON 95-III24.91025.400
E5 RON 92-II23.91024.380
DO 0.05S20.71021.120
DO 0,001S-V21.32021.740
Dầu hỏa 2-K20.68021.090
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Brent $85.50 +3.86 0.05%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD25.088,0025.458,00
EUR26.475,3627.949,19
GBP30.873,5232.211,36
JPY156,74166,02
KRW15,9219,31
Cập nhật lúc 10:45:15 01/05/2024
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