have had near-death experiences, none more so than petrobras. what is that petrobras has the biggest x efex in history they also happen to have one of the biggest corruption scandals on this planet, which, of course, has taken down all kinds of people including the previous management of petrobras. i spoke to the ceo of the company. i spoke to him about the corruption that surrounded petrobras and whether the company was different now or still blighted by its past >> the difference is this is one of the areas that we have made much, much progress by changing the bylaws of the company, establishing committees that look at projects before they go to the executive board

for thewhat this means future of petrobras? >> almost $3 billion sounds like a large amounts, but investors were expecting something around $10 billion. investors are morgan stanley, for example. it came in at a lower cost and earlier than interest rate. people weren't expecting it to be this early this year. positively, and it sent out a very positive sign to the market. jp morgan said he removed the company right now. it was a large overhang. >> tesla is again pushed back production targets for its all-important model three after shipping fewer cars than expected in the last quarter.

what is that petrobras has the biggest x efex in history they also happen to have one of the biggest corruption scandals on this planet, which, of course, has taken down all kinds of people including the previous management of petrobras. i spoke to the ceo of the company. i spoke to him about the corruption that surrounded petrobras and whether the company was different now or still blighted by its past >> the difference is this is one of the areas that we have made much, much progress by changing the bylaws of the company, establishing committees that look at projects before they go to the executive board so double signatures of everything we do so there's no single approval of anything we do in the company. so we made many changes in governance to make sure that we will never have this kind of issue in the future. and we have also an independent whistle-blower channel that people can call and, you know, and express their views of what is going on. also if there's anything that they spot being done wrongly it's possible for any employee of petrobras to make it known to the managemen

tell us what this might mean for the future of petrobras the company. the settlement is new for petrobras. $3 billion sounds like a large amount. investors were expecting something around $10 million. the settlement came in at a lower cost and came in earlier than anticipated. -- investors were expecting something around $10 billion. this sends a positive sign to the market. mostgan said it was the significant uncertainty on the company. it was a large overhang. vonnie: what about the company more broadly and the presidency? temer has been caught up in this. who becomes president next? >> that is a very interesting question. we are heading to ian uncertain election with no favorite candidate. the whole market expects a centrist, market friendly candidate who has yet to emerge. it's really interesting that investors are so positive on brazil. havelian corporates matured enough to inspire confidence at this point. vonnie: and the brazilian recovery continuing. >> yes. up, we areg following stocks less than 35 minutes to the end of the west wednesday sessi

tell us what this means for the future of petrobras? actually good news for them. almost $3 billion sounds like a large amount, but investors were expecting something around $10 billion. investors at morgan stanley, for example. the settlement came in at a lower cost and earlier than anticipated. people weren't expecting it to be this early this year. shares reacted positively, and it sent out a very positive sign to the market. jp morgan said it removed the uncertainty around the company right now. it was a large overhang. >> tesla is again pushed back production targets for its all-important model three after shipping fewer cars than expected in the last quarter. tesla delivered 1550 model threes in the final three months of the year, trailing the analyst estimates for over 2900 units. >> tesla has kicked the can down the road by another quarter. originally, they said they would be hitting this 5000 unit in week run rate by the end of december, then it was the end of march and now they are saying you won't be until the end of june. an

apartamento de lujo de una constructora brasileÑa, a cambio de facilitarle contratos con la estatal petrobrÁsbornos en el paÍs. estÁ implicado el ex candidato presidencial detenido en miami, prÓfugo de la justicia. >> deciden salir del paÍs o esconderse acÁ mismo. nuestra funciÓn es investigar y llevar ante los tribunales del paÍs los hechos, los casos. solicitar Órdenes de captura y las diferentes dirigencias. >> la autoridad de energÍa elÉctrica en puerto rico y estima que personas que se --estima que hay 450mil personas sin energÍa elÉctrica. aseguraron estar coordinando con con tractores y la agencia federal para restaurar por completo el servicio elÉctrico, que ya se ha restablecido a mÁs de 1 millÓn de personas en toda la isla. ♪ ♪ ilia: es hora de echarle un vistazo a la "ventana al tiempo". eduardo: gracias, ilia. temperaturas frÍas. comenzamos con 27° yy hemos llegado a 36° en filadelfia. con la visa se ha sentido por debajo de 30°. el promedio climatolÓgico es 40°. 36 en filadelfia. 12 millas por hora la brisa. en algunos sectores, 15 millas por hora. implica -- en vez de 36°, se ha

petrobras claimed it was a victim as well. been said to be searching for a bank to help them by natural gas assets. also said to have invited banks to pitch for a role as courting aiders and book ipo.rs for its planned the initial public offering could be the world's biggest share sale. blackberry has signed a deal with baidu to work together on driverless car software. bundled into their platform, called apollo. baidu has been signing prop -- partners to become a dominant software company. that is your bloomberg business flash. joe: we talk a lot about global synchronize growth. what does it really look like? formerm o'neill, the asset management guy who founded the term breaks, has this great dashboard he looks at. if we look at the chart, it is a series of indicators that shows how well the global economy is looking. the top line up here, we can see it going back to 2003. really trending down. the , global pmi's, really nicely trending up. that is that blue line. you don't -- new orders in relativees, the orders to inventor

in the case of petrobras, this is a slightly different company than the one you invested in coke and coal prices are a major component to steel steel prices are rising for i think both the right reasons and because of the political kind of anxiety that's going on. we're definitely pushing back on china who has been sending steel to vietnam, getting it retagged, and sending it over here that's not happening we're also seeing china shopping around the world for a higher grade steel to show that there really is demand and they're not good enough. ag has lagged, i'm long all of those names other than new core, and i still own u.s. steel >> guy >> i thought that was cyndi lauper no, i knew it was madonna. since this is an '80s theme, tim is rocking a 1988 vest >> got to get back in time >> no sinking. -- singing. >> the power pitch -- >> fast pitch. >> that too. the stock was trading in the high teens you'll say maybe it's run out of gas. >> it's extra chilly on the east coast. i hope a sweater vest puts a little warmth in your living room >> say what you want about president trump. one t

coming up, an interview with the head of petrobras.his is bloomberg. ♪ mark: live from london, i am mark barton with european close. vonnie: martin good friend is taking questions right now from the senate banking committee. he says the federal reserve is "more or less on the right path." he says inflation could get to 2% within a year or so. he says the 30 year mortgage doesn't need a government guarantee. good friend reiterating what he bestin the past that qe1 qe3 was not called for. mark: we are four minutes away from the and of the session today. france is down. new record for germany. ftse up .3%. check out the currency board. the ecb meeting on thursday. we've already heard from dick weil from janice henderson. 1.2275, near the highs of december 2014. let's see how the european yields are faring on this tuesday afternoon as we approach the close. little change in the u.k. and germany. the 10 year yield in italy down by three basis points. this is bloomberg. ♪ european headquarters in london this is the european close. fork it ou