i'm joined now by our sao paulo bureau chief, julia leite. w much do analysts expect china to buy from brazil after tariffs go into effect? julia: the estimate is they can buy about 4 million tons in the last quarter of this year, so there is a lot of room for brazil to increase exports to china. alix: when you are taking a look at the soybean premium, you are going to get more demand from china and the soybean premium has been rising. can brazil take advantage of those high prices? julia: the problem is that premium, although it is rising a lot, it is not reaching brazilian farmers because most of the soy business in brazil, the buying of soy has virtually ground to a halt. there is not a lot of business going on and this is still a ripple effect from the truckers'strike in may. -- truckers' strike in may. alix: when will it wind up affecting exports? i assume a lot of beans went there before the truck strike happened. when do we start to see it in the export data, and what are some other issues? julia: the estimates are they have enough soy

leche --s is julia julia leite. mult and why petrobras raised prices in the first place greeted julia: i think you explained it very well and petrobras had been practicing low international prices for a long time. when the new president came in, he put in new management and said he would raise prices following for a long time. company great for the and investors loved it, but it had an impact on the economy which ended up causing the ten-day trucker strike. alix: what was interesting is resignedf petrobras and his promise was to come in and make it a profitable country -- company an appeal to investors. what is it safe for the future of is this if they had to reverse the fuel policy and the ceo had to get the boot? julia: they haven't actually changed the fuel price yet, they are discussing what to do. cfonew ceo used to be the and said he is assured he could do fuel prices as he sees fit. willwas his condition, i stay as long as there is no government meddling in this state run company. david: thank you so much, tha

julia: thank you, lupin rahman, and julia leite.give you some context of where we are looking as we head to the market open. dowfutures off 1.2%, the off by 1.5%. not as low as we were earlier, but significant weakness in light of what we have seen. the nasdaq has been the upper former the past two weeks. butd: not as bad as it was not pointing to a very happy day at the moment. coming off of europe, not having a great day either. is a broader risk off, commodities. a lot of questions being asked. ultimately, what will china's u.s.nse be to the responding to china? david: moore on brazil's challenges. more on brazil's challenges. you can listen to bloomberg on the radio. live from new york, this is bloomberg. ♪ emma: this is "bloomberg daybreak: americas." coming up in the next hour and senator chris van hollen of maryland. now to your bloomberg business flash. in germany, audi has named the sales chief interim ceo, replacing the previous chief who was arrested in the diesel emissions investigation. shares of a japanese online marke