ing marketa begg look like? tom: i agree with the essence of that statement. i think the fed would want to have sufficient confidence to know they do not unleash unintended consequences. the second, they do not want to be in a position to reverse it. the evidence and the economic data has to be overwhelmingly good. joe: having -- alix: having this bullish reversal, we are down 200 points, we are ending in positive territory. does that indicate it would be enough? tom: yeah. the rally was great. what bothers me is high-yield has not been act in great. it is not a real confirmation. folks will be mulling over the weekend over the dichotomy. they want confirmation. alix: it is about what the market is saying and what the data is saying. they should go hand-in-hand with one another. from the fed's perspective, they need to feel reasonably confident inflation is picking up. current inflation numbers have to look pretty decent. there are transitory factors holding back inflation that need to leave. wagehourly earning inflation is having a where the cry -- boy that c

have deals to marketas, so in this condition, it is very volatile in brazil, such as exchange rates followings falling . david: the market is also embroiled in a political stand -- political scandal. tell us where that stands? we have this going out with petrobras, we have the have fiscalrying to adjustment, and with that fiscal there was a downgrade in august and a downgrade in september, so people can buy bonds from petrobras. just askris, let me you about how the company might get out of this. what do people say the future of the company might hold? chris: i think the picture is not so good at all. the company has $60 billion maturing in debt in the next four in years, and they need to hold it over. so how they are going to do that, it is a mystery, maybe they will have to rely on banks, local banks, international banks, and development banks from china and governments that have least this to brazil. chris, thank you very much for your time. she joins us from brazil. to --rose a -- from blaze let's bring in david webster with a preview permit what are you going to be listening for in the p