>> i think the way mr. nevesg is dramatic, political and almost historical cops consequence. he's up 15% in the polls in two weeks. so i think that the former hedge fund manager and former head of the central bank who sold his hedge fund to u.s. bank jpmorgan is probably one of the smartest financial people in this hemisphere or this part of the americas. not in this hemisphere, but i would say that there's so much momentum there that the market could warm up to this. the bottom line is he has to take at least 60% of silva's support to beat rousseff. and that's a big number, but over the next three weeks there's the probability creeping back in with a big balance for braz brazilian equities. >> is this more attractive for th brazil in your eyes? >> the russian equities are trading at almost half a percent of 60% hook value. if you can deal or want to hold them for the long term, but for the most part, stocks in mexico, most of the emerging market equities are much, much cheaper than u.s. equities. the dollar has

and anybody who got excited about the fact that mr. nevesished second is ill advised. >> dennis, i want to get to aluminum and steel. we've got alcoa kick off earnings season on wednesday. give us the trade here. >> i think it's time once again after steel has fallen precipitously, big steel has fallen 35% in the last several weeks. nucor has fallen dramatically. i think the global economy is still going to be strong in a global economic upturn. i think that's what is going to half. it's an old story of mine. if you drop them on your foot, you want to own them. i want to buy steel. i want to buy rails. i want to buy aluminum. and i think that alcoa, having been out of now for two and a half week news and having been in it for almost a year, it's time to start look at owning those very simple ideas. alcoa and big steel are my ideas again for if first time in a while. >> dennis gartman, the gartman letter. >> thanks. >> guy adami, into earnings. >> u.s. steel ran up to 45, overshot a little and right back down. i think u.s. steel is interestin

mr. nevese candidate for the people who are in favor of moving the stock market to the upside. petrobras, biggest stock, up 13%. mr. neves promises to be more investor friendly and loosen the grip the government haze on petrobras phone company up. ebreaer up. ewz, you can buy brazil in the form of exchange-traded fund. there's a three month. it's plunged in the month of september, as pooling fairly well. this surprise has got people talking and rare you see the brazilian market up 7% in a single day. we'll keep an eye on that. iron orr chatter over the weekend. they want to ramp up iron ore production by 30%. this i intuitive but makes sense in the world of the mining industry. the idea now is increasing production, you can reduce costs overall. how do you do that? use more driverless cars, fire a lot of people, lower costs overall. so costs are around $80 a ton, down 25% this year. a lot of lower cost producers are ones that survive, like a rio tinto. others are in trouble. if you drive costs

. >> the equity market rally, 15% years.r 5, 6, 7 any illusion of returning to that if mr. nevesseff? get back towe can previous levels. the optimism we talked about in terms of petrobras stock, it raises the potential he will have a more pro-business candidate. impact policyhe has in terms of economics. a shift is what investors are hoping for. bloomberg's new politics show debuts at 5:00. "with all due respect." ♪ > is bloomberg "surveillance. come on adam johnson with tom keene and olivia sterns. walt disney had time where doubling down on the committee to the nba -- on the commitment to the nba. double what is being paid. $2 billion. betty liu will be tackling this in 15 minutes. >> a lot of zeros. sports to be owning a team, you knew you were going to lose money. it was like a vanity plate. now, you are making tons of money. given these deals that are being inked. adam sulzer is expected to announce later this morning that the television rights deal with espn and with turner. billion over the next 10 years. almost $10 billion coming in. this is a big win for espn and turner.

richard in mef neve, richard. >> hello, mr. cramer. boo-yah.a little bit of a pickle and i'm wondering if you can help me out. >> sure. >> i put my life savings in the stock market and i'm not doing very well. i'm down to two stocks. i bought a thousand shares of facebook at $79 and acad at $25. i've knot a thousand shares of that. >> al cadia is very speculative. facebook you have to take a loom view upon. my charitable trust is investing three to five years. we think facebook will go higher. could it go to 68 before it it goes to 88? yeah, sure. people will sell it down there. i urge you to stay the course. facebook. troy in washington, troy! >> hi, jim. how are you some. >> good. my question is on pioneer natural resources. >> pioneer is probably the biggest beneficiary of what's going on in the perm onat the same time and they have low cost in perm onwhich is a gigantic basin in texas. at the same time a lot of people have given up on oil and if oil holds at the $80 range then pioneer is a buy. if it goes below you have people thinking it s