Did you follow the news that moved the market this week? Quiz test

ANDsta is the edition of newsletterr FolhaMercado this Friday (18). want to receive it from monday to Friday at 7 am In your email? Sign up below:

Roller coaster on the stock market

President-elect Lula’s (PT) defense of the hole in the spending cap as a “social responsibility” and the text of the Transition PEC, which proposes to permanently leave Bolsa Família outside the spending limit, made investors agree Bad mood.

At the end of the trading session, however, tensions eased after the news that former Minister Guido Mantega, rejected by the market, announced his resignation to the transition team.

• The event coincided with a rise in the Ibovespa, which left the 107,668 points at 4:46 pm, to close the day at 109,702 points, in a drop of 0.49%🇧🇷 The dollar, which rose 2% during the day, eased the rise and advanced 0.44%a BRL 5.40🇧🇷

Quotation marks: “If I say that, will the stock market fall, will the dollar rise? Patience,” said Lula. He also said that volatility does not happen “because of serious people, but because of speculators who are speculating every single day”.

Opinion: Will the stock market fall? Increase the dollar? Patience? Arminio Fraga, Pedro Malan and Edmar Bacha, economists who declared their vote for Lula, write a letter to the president-elect.

when defending breaching the spending ceiling as “social responsibility” and trying to keep Bolsa Família out of the fiscal anchor, Lula embarks on the opposite path that led to the success of his two governments, between 2003 and 2010, writes reporter Fernando Canzian.

And the PEC? After being presented to Congress on Wednesday (16), the elected government already admits giving in to try to approve the proposal, but does not give up that the increase in expenses will be valid for four years.

• A wing of Centrão and parties negotiating membership articulate to approve the measure only for 2023.

• There is still a concern about the tight deadline. In the most optimistic scenario, the PEC would be enacted in three weeks.

More about PEC, Lula government and hole in the ceiling:

• What Folha thinks: Lula asks for more interest. Potential harm from the president-elect’s proposal goes beyond the Exchange and sacrifices to the poor.

Another round of layoffs on Twitter

By the end of the deadline given by Elon Musk to Twitter employees, it is estimated that hundreds of them have left the platform of their own accord, according to Reuters agency.

Understand: on Wednesday (16), the billionaire sent an email to employees saying that they would have until this Thursday (17) to confirm in a link whether they wanted to continue “working long hours at high intensity” or resign with an indemnity of three months of payment.

How many left this time? It’s still not clear. Twitter, which no longer has a communications department, did not respond to press inquiries.

• Musk was meeting with some top officials to try to convince them to stay, former and current employees of the platform told Reuters.

• In a private Slack group for current and former employees, about 360 people joined a new channel called “voluntary resignation,” according to the agency.

• In an anonymous poll on the Blind platform, which checks employees’ corporate email, 42% of 180 workers said they left the company. In another survey, more than half estimated that at least 50% would leave.

• At the end of the deadline for the ultimatum to employees, Twitter immediately closed all its offices until Sunday (20) fearing retaliation from those who left, according to the journalist Zoë Schifferpublisher of the Platformer newsletter.

take a break

• To watch: “Pepsi, where’s my plane?” – on Netflix

At the end of the 20th century, the “cola war”, between Pepsi and Coca-Cola, was on fire. The first was known for its creative commercials, such as the campaign that showed consumers preferring Pepsi after blind tests among rival drinks.

In 1995the company put an advertisement on the air (see here) that promoted the exchange of empty cans or bottles for points, which, accumulated, were worth prizes:

• T-shirt (75 points), sunglasses (175), leather jacket (1450) and, for 7 million of points, a Harrier jet – in a clear joke.

The problem for Pepsi is that its commercial did not make this clear, and John Leonard, 20 years old at the time, began to do the math to get the aircraft, valued at US$ 23 million (R$ 125 million).

• The first calculation was to buy 1.4 million boxes of 12 cans, at a cost of $4.3 million, not counting the sheds to store them. Leonard’s dream came closer when he read in a newspaper ad that each point could be purchased for $0.10🇧🇷

• To get the Harrier jet, then, it would take “only” a check from US$ 700 thousandwhich was signed by Todd Hoffman, an eccentric millionaire Leonard had met on a mountaineering trip.

The check was mailed but returned by Pepsi, who claimed it was a joke. From then on, a legal dispute between Leonard and Hoffman against the company began.

the full story premiered this Thursday on Netflix, in a four-episode miniseries.