rnbach,th me is matt ho jim abramowicz, and barrineau. jim, this is your world.alked about what a surprise this was. jim: the market reacted like it was a shocker. but this is brazil. there has always been a bit of a taint around it, and there has always been this massive uncertainty since the corruption scandal which is now about two years old. it began to engulf different people in congress. so, there is always a suspicion that it might reach up into temer, and now it seems like potentially it might be confirmed. lisa: jim, you talk about the market reaction, and i am struck by the sudden possibility of default. take a look at the bloomberg. you can see the blue line is the cost to insure against a brazilian default in the next five years. it is jumping up towards the white line. the white line is argentinian credit default rates. this is shocking to me. remember, argentina has defaulted seven times on its external debt, and five times at its local debt. now we have brazil jumping up to nearly the same levels as the cost to protect against a default in argentin