IBOV 173,371.35 ▼ 0.20% IPSA 10,896.87 ▲ 0.10% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,223,652 ▲ 0.74% COLCAP 2,298.34 — 0.00% BVL PERÚ 55,645.90 — — USD/BRL5.09▲ 0.02% USD/MXN17.37▼ 0.34% USD/CLP933.60▼ 0.10% USD/COP3,254▼ 0.44% USD/PEN3.39▲ 0.09% USD/ARS1,481▼ 0.03% USD/UYU40.19▲ 1.43% USD/PYG6,031▼ 0.03% USD/BOB10.75▲ 2.22% USD/DOP58.25▲ 0.02% USD/CRC447.35▲ 1.43% USD/GTQ7.62▼ 0.05% USD/HNL26.74▲ 1.61% USD/NIO36.62▲ 0.84% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59— 0.00% USD/TTD6.73▼ 0.21% EUR/BRL5.82▼ 0.65% BRENT 89.39 ▲ 0.19% WTI 82.72 ▼ 0.61% IRON ORE 161.91 — — COPPER 6.53 ▲ 3.60% GOLD 4,070 ▲ 1.49% SILVER 59.36 ▲ 4.50% SOY 1,226 ▼ 0.04% CORN 471.00 ▲ 4.78% WHEAT 672.00 ▼ 0.30% COFFEE 332.70 ▼ 0.51% SUGAR 14.86 ▲ 0.27% ORANGE JUICE 146.90 ▲ 6.30% COTTON 79.96 ▲ 3.35% COCOA 5,516 ▼ 0.07% BEEF 223.30 ▼ 0.50% CATTLE 346.78 ▲ 0.24% LITHIUM 66.92 ▼ 2.14% PETR4 41.15 ▲ 0.61% VALE3 71.93 ▼ 1.38% ITUB4 42.30 ▲ 0.81% BBDC4 18.41 ▲ 0.66% ABEV3 15.79 ▲ 1.02% BBAS3 20.17 ▼ 1.56% B3SA3 15.26 ▲ 0.39% WEGE3 43.13 ▼ 1.15% PRIO3 57.69 ▼ 0.28% SUZB3 41.89 ▼ 0.10% RENT3 37.49 ▼ 1.94% AZZA3 18.17 ▼ 2.26% CSAN3 3.82 ▼ 0.52% RAIZ4 0.27 ▼ 6.90% PCAR3 2.60 — 0.00% GMAT3 3.85 ▼ 0.77% PSSA3 54.20 ▼ 1.70% CVCB3 1.08 ▼ 11.48% POSI3 3.70 ▼ 2.63% SLCE3 13.57 ▲ 0.30% NATU3 8.63 ▲ 0.94% BRKM5 5.94 ▼ 4.04% RANI3 7.99 ▲ 0.50% CSNA3 5.07 ▲ 0.40% CMIN3 5.39 ▲ 1.13% USIM5 8.16 ▼ 0.85% GGBR4 23.62 ▼ 1.75% ENEV3 25.65 ▼ 0.12% CPFE3 46.32 ▼ 1.17% CMIG4 11.02 ▼ 0.90% EQTL3 39.29 ▼ 0.53% LREN3 13.31 ▼ 0.82% VIVT3 35.67 ▲ 0.42% RAIL3 13.57 ▼ 0.95% KLABIN 17.48 ▼ 0.57% RAIA DROGASIL 18.69 ▲ 0.75% RDOR3 35.45 ▼ 0.92% HAPV3 11.55 ▲ 1.49% FLRY3 16.56 ▼ 0.18% SMTO3 15.41 ▼ 0.26% UGPA3 31.70 ▼ 1.15% VBBR3 34.11 ▼ 2.32% BBSE3 41.05 ▼ 0.17% BPAC11 55.84 ▼ 0.61% CURY3 30.19 ▼ 1.57% AERI3 2.07 ▲ 2.48% VIVARA 21.96 ▼ 2.14% COMPASS 24.60 ▼ 1.13% VAMOS 3.09 ▼ 2.52% SANB11 27.01 ▲ 1.35% ASAI3 8.14 ▼ 4.24% SBSP3 28.98 ▼ 0.82% WALMEX 49.38 ▼ 0.22% GMEXICO 201.45 ▲ 0.42% FEMSA 226.85 ▲ 0.49% CEMEX 21.81 ▼ 4.05% GFNORTE 180.00 ▼ 0.74% BIMBO 59.31 ▲ 2.26% TELEVISA 9.71 ▲ 1.46% AMX 22.74 ▼ 1.13% GAP 378.19 ▼ 2.02% ASUR 274.37 ▼ 1.91% OMA 226.42 ▼ 1.82% KOF 180.95 ▲ 0.11% GRUMA 287.60 ▲ 0.39% KIMBER 38.39 ▼ 0.72% SQM-B 63,400 ▼ 3.13% COPEC 6,345 ▲ 1.53% BSANTANDER 78.90 ▲ 2.47% FALABELLA 5,850 ▲ 0.26% ENELAM 84.67 ▲ 0.75% CENCOSUD 2,005 ▲ 0.50% CMPC 1,088 ▲ 1.68% BANCO CHILE 189.95 ▲ 0.77% LATAM AIR 24.36 ▼ 1.62% YPF 79,200 ▲ 1.67% GGAL 7,845 ▼ 0.19% PAMPA 5,270 ▲ 1.93% TXAR 675.00 ▲ 1.66% ALUAR 959.50 ▲ 1.05% TGS 9,500 ▲ 1.39% CEPU 2,289 ▲ 1.10% MIRGOR 17,125 ▲ 1.48% COME 42.95 ▼ 2.03% LOMA NEGRA 3,558 ▲ 0.99% BYMA 294.50 ▼ 1.09% TELECOM ARG 4,145 ▼ 0.12% ECOPETROL 16.04 ▼ 0.34% BANCOLOMBIA 80.82 ▲ 0.51% GRUPO AVAL 4.95 ▲ 0.61% CREDICORP 386.85 ▼ 0.96% SOUTHERN COPPER 175.07 ▲ 1.50% BUENAVENTURA 30.06 ▼ 0.60% MERCADOLIBRE 1,832 ▲ 1.02% NUBANK 13.99 ▲ 2.94% XP 16.80 ▲ 0.78% PAGSEGURO 9.29 ▲ 2.77% STONE 11.12 ▼ 0.27% GLOBANT 32.29 ▲ 0.19% TECNOGLASS 46.11 ▼ 0.80% GAP AIRPORT 217.12 ▼ 1.72% ASUR 274.37 ▼ 1.91% OMA AIRPORT 104.01 ▼ 1.23% AMX ADR 26.10 ▼ 0.65% FEMSA ADR 130.01 ▲ 0.77% CEMEX ADR 12.49 ▼ 3.70% PETROBRAS ADR 18.19 ▲ 1.22% VALE ADR 14.10 ▼ 0.63% ITAU ADR 8.32 ▲ 1.46% SANTANDER BR 5.38 ▲ 2.67% AMBEV ADR 3.08 ▲ 1.65% CSN 1.01 ▲ 2.02% GERDAU 4.68 ▼ 0.85% LATAM ADR 51.74 ▼ 1.56% BTC 66,337 ▲ 1.70% ETH 1,943 ▲ 2.05% SOL 78.30 ▲ 0.65% XRP 1.13 ▲ 1.82% BNB 578.15 ▲ 1.30% ADA 0.17 ▲ 2.95% DOGE 0.07 ▲ 2.00% AVAX 6.64 ▲ 0.97% LINK 8.73 ▲ 1.68% DOT 0.87 ▲ 4.82% LTC 47.46 ▲ 0.26% BCH 224.29 ▲ 1.99% TRX 0.33 ▼ 0.03% XLM 0.19 ▲ 2.26% HBAR 0.07 ▲ 2.30% NEAR 2.01 ▲ 1.39% ATOM 1.50 ▲ 0.60% AAVE 94.85 ▲ 5.65% SELIC 14.25% EMBRAER 83.29 ▲ 1.88% EMBRAER ADR 65.93 ▲ 2.87% JBS 12.03 ▲ 1.01% JBS BDR 60.79 ▲ 0.98% MBRF3 14.52 ▼ 3.39% MBRFY 2.91 — 0.00% INTER 5.62 ▲ 4.66% EGX 53,935 ▲ 1.52% USD/ZAR16.42▼ 0.68% USD/NGN 1,376 — 0.00% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,193 ▼ 0.19% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY162.66▲ 0.10% USD/CNY6.77▼ 0.03% DAX 24,936 ▲ 0.36% CAC 8,362 ▲ 0.26% FTSE 10,544 ▲ 0.18% MIB 52,161 ▲ 0.57% IBEX 19,328 ▲ 0.63% STOXX 641.80 ▲ 0.34% EUR/USD1.14▲ 0.12% GBP/USD1.34▼ 0.13% SPX 7,443 ▼ 0.19% DJI 51,839 ▼ 0.59% NDX 28,604 ▲ 0.04% RUT 2,942 ▼ 0.67% TSX 34,960 ▼ 0.86% VIX 17.56 ▼ 5.84% USD/CAD1.41▼ 0.09% US10Y 4.5980 ▲ 1.26% IBOV 173,371.35 ▼ 0.20% IPSA 10,896.87 ▲ 0.10% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,223,652 ▲ 0.74% COLCAP 2,298.34 — 0.00% BVL PERÚ 55,645.90 — — USD/BRL 5.09 ▲ 0.02% USD/MXN 17.37 ▼ 0.34% USD/CLP 933.60 ▼ 0.10% USD/COP 3,254 ▼ 0.44% USD/PEN 3.39 ▲ 0.09% USD/ARS 1,481 ▼ 0.03% USD/UYU 40.19 ▲ 1.43% USD/PYG 6,031 ▲ 1.52% USD/BOB 10.75 ▲ 2.22% USD/DOP 58.25 ▲ 0.02% USD/CRC 447.35 ▲ 1.43% USD/GTQ 7.62 ▼ 0.05% USD/HNL 26.74 ▲ 1.61% USD/NIO 36.62 ▲ 0.84% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.60% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.82 ▼ 0.65% BRENT 89.39 ▲ 0.19% WTI 82.72 ▼ 0.61% IRON ORE 161.91 — — COPPER 6.53 ▲ 3.60% GOLD 4,070 ▲ 1.49% SILVER 59.36 ▲ 4.50% SOY 1,226 ▼ 0.04% CORN 471.00 ▲ 4.78% WHEAT 672.00 ▼ 0.30% COFFEE 332.70 ▼ 0.51% SUGAR 14.86 ▲ 0.27% ORANGE JUICE 146.90 ▲ 6.30% COTTON 79.96 ▲ 3.35% COCOA 5,516 ▼ 0.07% BEEF 223.30 ▼ 0.50% CATTLE 346.78 ▲ 0.24% LITHIUM 66.92 ▼ 2.14% PETR4 41.15 ▲ 0.61% VALE3 71.93 ▼ 1.38% ITUB4 42.30 ▲ 0.81% BBDC4 18.41 ▲ 0.66% ABEV3 15.79 ▲ 1.02% BBAS3 20.17 ▼ 1.56% B3SA3 15.26 ▲ 0.39% WEGE3 43.13 ▼ 1.15% PRIO3 57.69 ▼ 0.28% SUZB3 41.89 ▼ 0.10% RENT3 37.49 ▼ 1.94% AZZA3 18.17 ▼ 2.26% CSAN3 3.82 ▼ 0.52% RAIZ4 0.27 ▼ 6.90% PCAR3 2.60 — 0.00% GMAT3 3.85 ▼ 0.77% PSSA3 54.20 ▼ 1.70% CVCB3 1.08 ▼ 11.48% POSI3 3.70 ▼ 2.63% SLCE3 13.57 ▲ 0.30% NATU3 8.63 ▲ 0.94% BRKM5 5.94 ▼ 4.04% RANI3 7.99 ▲ 0.50% CSNA3 5.07 ▲ 0.40% CMIN3 5.39 ▲ 1.13% USIM5 8.16 ▼ 0.85% GGBR4 23.62 ▼ 1.75% ENEV3 25.65 ▼ 0.12% CPFE3 46.32 ▼ 1.17% CMIG4 11.02 ▼ 0.90% EQTL3 39.29 ▼ 0.53% LREN3 13.31 ▼ 0.82% VIVT3 35.67 ▲ 0.42% RAIL3 13.57 ▼ 0.95% KLABIN 17.48 ▼ 0.57% RAIA DROGASIL 18.69 ▲ 0.75% RDOR3 35.45 ▼ 0.92% HAPV3 11.55 ▲ 1.49% FLRY3 16.56 ▼ 0.18% SMTO3 15.41 ▼ 0.26% UGPA3 31.70 ▼ 1.15% VBBR3 34.11 ▼ 2.32% BBSE3 41.05 ▼ 0.17% BPAC11 55.84 ▼ 0.61% CURY3 30.19 ▼ 1.57% AERI3 2.07 ▲ 2.48% VIVARA 21.96 ▼ 2.14% COMPASS 24.60 ▼ 1.13% VAMOS 3.09 ▼ 2.52% SANB11 27.01 ▲ 1.35% ASAI3 8.14 ▼ 4.24% SBSP3 28.98 ▼ 0.82% WALMEX 49.38 ▼ 0.22% GMEXICO 201.45 ▲ 0.42% FEMSA 226.85 ▲ 0.49% CEMEX 21.81 ▼ 4.05% GFNORTE 180.00 ▼ 0.74% BIMBO 59.31 ▲ 2.26% TELEVISA 9.71 ▲ 1.46% AMX 22.74 ▼ 1.13% GAP 378.19 ▼ 2.02% ASUR 274.37 ▼ 1.91% OMA 226.42 ▼ 1.82% KOF 180.95 ▲ 0.11% GRUMA 287.60 ▲ 0.39% KIMBER 38.39 ▼ 0.72% SQM-B 63,400 ▼ 3.13% COPEC 6,345 ▲ 1.53% BSANTANDER 78.90 ▲ 2.47% FALABELLA 5,850 ▲ 0.26% ENELAM 84.67 ▲ 0.75% CENCOSUD 2,005 ▲ 0.50% CMPC 1,088 ▲ 1.68% BANCO CHILE 189.95 ▲ 0.77% LATAM AIR 24.36 ▼ 1.62% YPF 79,200 ▲ 1.67% GGAL 7,845 ▼ 0.19% PAMPA 5,270 ▲ 1.93% TXAR 675.00 ▲ 1.66% ALUAR 959.50 ▲ 1.05% TGS 9,500 ▲ 1.39% CEPU 2,289 ▲ 1.10% MIRGOR 17,125 ▲ 1.48% COME 42.95 ▼ 2.03% LOMA NEGRA 3,558 ▲ 0.99% BYMA 294.50 ▼ 1.09% TELECOM ARG 4,145 ▼ 0.12% ECOPETROL 16.04 ▼ 0.34% BANCOLOMBIA 80.82 ▲ 0.51% GRUPO AVAL 4.95 ▲ 0.61% CREDICORP 386.85 ▼ 0.96% SOUTHERN COPPER 175.07 ▲ 1.50% BUENAVENTURA 30.06 ▼ 0.60% MERCADOLIBRE 1,832 ▲ 1.02% NUBANK 13.99 ▲ 2.94% XP 16.80 ▲ 0.78% PAGSEGURO 9.29 ▲ 2.77% STONE 11.12 ▼ 0.27% GLOBANT 32.29 ▲ 0.19% TECNOGLASS 46.11 ▼ 0.80% GAP AIRPORT 217.12 ▼ 1.72% ASUR 274.37 ▼ 1.91% OMA AIRPORT 104.01 ▼ 1.23% AMX ADR 26.10 ▼ 0.65% FEMSA ADR 130.01 ▲ 0.77% CEMEX ADR 12.49 ▼ 3.70% PETROBRAS ADR 18.19 ▲ 1.22% VALE ADR 14.10 ▼ 0.63% ITAU ADR 8.32 ▲ 1.46% SANTANDER BR 5.38 ▲ 2.67% AMBEV ADR 3.08 ▲ 1.65% CSN 1.01 ▲ 2.02% GERDAU 4.68 ▼ 0.85% LATAM ADR 51.74 ▼ 1.56% BTC 66,337 ▲ 1.70% ETH 1,943 ▲ 2.05% SOL 78.30 ▲ 0.65% XRP 1.13 ▲ 1.82% BNB 578.15 ▲ 1.30% ADA 0.17 ▲ 2.95% DOGE 0.07 ▲ 2.00% AVAX 6.64 ▲ 0.97% LINK 8.73 ▲ 1.68% DOT 0.87 ▲ 4.82% LTC 47.46 ▲ 0.26% BCH 224.29 ▲ 1.99% TRX 0.33 ▼ 0.03% XLM 0.19 ▲ 2.26% HBAR 0.07 ▲ 2.30% NEAR 2.01 ▲ 1.39% ATOM 1.50 ▲ 0.60% AAVE 94.85 ▲ 5.65% SELIC 14.25% EMBRAER 83.29 ▲ 1.88% EMBRAER ADR 65.93 ▲ 2.87% JBS 12.03 ▲ 1.01% JBS BDR 60.79 ▲ 0.98% MBRF3 14.52 ▼ 3.39% MBRFY 2.91 — 0.00% INTER 5.62 ▲ 4.66% EGX 53,935 ▲ 1.52% USD/ZAR 16.42 ▼ 0.43% USD/NGN 1,376 — 0.00% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,193 ▼ 0.19% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY 162.68 ▲ 0.13% USD/CNY 6.7649 ▲ 0.11% DAX 24,936 ▲ 0.36% CAC 8,362 ▲ 0.26% FTSE 10,544 ▲ 0.18% MIB 52,161 ▲ 0.57% IBEX 19,328 ▲ 0.63% STOXX 641.80 ▲ 0.34% EUR/USD 1.1426 ▲ 0.11% GBP/USD 1.3427 ▲ 0.01% SPX 7,443 ▼ 0.19% DJI 51,839 ▼ 0.59% NDX 28,604 ▲ 0.04% RUT 2,942 ▼ 0.67% TSX 34,960 ▼ 0.86% VIX 17.56 ▼ 5.84% USD/CAD 1.4057 ▼ 0.15% US10Y 4.5980 ▲ 1.26%
since 2009
Tuesday, July 21, 2026

Brazil Politics and Society

Lula’s New Congress Chief Faces Escala 6×1 Test

By · April 15, 2026 · 3 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

Key Points

Deputy José Guimarães (PT-CE) was sworn in Tuesday as minister of the Secretaria de Relações Institucionais, replacing Gleisi Hoffmann, who left to run for the Senate in Paraná. Paulo Pimenta was named the new government leader in the Câmara.

Guimarães’s immediate priority is steering Lula’s escala 6×1 bill through Congress—a proposal to reduce the standard work week to five days and 40 hours without pay cuts, which the Planalto has adopted as its central campaign promise for October.

The bill faces resistance from business groups and governors, with Minas Gerais Governor Zema calling it “PT populism.” Câmara President Hugo Motta has signaled caution, and Guimarães caused friction before taking office by prematurely signaling a strategy change.

Lula’s new political operator took office on Tuesday with a mandate to pass the most popular and most opposed labor reform in Brazilian politics. The clock runs until October.

José Guimarães took the oath as Lula’s new minister of institutional relations on Tuesday afternoon at the Planalto, inheriting the government’s congressional negotiating apparatus six months before an election that will determine whether the president wins a fourth term. The Rio Times, the Latin American financial news outlet, reports that Guimarães replaces Gleisi Hoffmann, who left the cabinet on April 4 to pursue a Senate seat in Paraná under the electoral desincompatibilização deadline, and that his first assignment is the escala 6×1 bill—a proposal to end the six-day work week that Lula has made the centerpiece of his re-election platform.

The José Guimarães Escala 6×1 Challenge

The bill, authored by deputies Reginaldo Lopes (PT-MG) and Erika Hilton (PSOL-SP), would reduce the standard work week to 40 hours across five days without salary reductions. Guimarães called it “one of the most modern measures with great impact on the Brazilian economy” and said it “is not a partisan question but concerns the lives of Brazilians.” The Planalto plans to send it to Congress as a projeto de lei with urgency status, meaning it would jump the legislative queue.

Lula’s New Congressional Chief Takes Office With the Escala 6×1 Bill as His First and Biggest Test. (Photo Internet reproduction)
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

The resistance is already organized. Minas Gerais Governor Romeu Zema called the proposal “PT populism,” and business associations have warned that mandating a shorter week without flexibility would raise labor costs across sectors still absorbing the impact of a 14.75% Selic rate. Câmara President Hugo Motta has been cautious, and a miscommunication last week—when Guimarães prematurely told Motta the government would drop the urgency request—forced the Planalto to publicly reaffirm its original strategy.

The Broader Reshuffle

Guimarães’s appointment triggered a chain of moves. Paulo Pimenta (PT-RS), former Secom minister and coordinator of the Rio Grande do Sul reconstruction effort, was named the new government leader in the Câmara. Guimarães himself had been serving as Câmara leader and had planned to run for the Senate in Ceará—a candidacy now abandoned, requiring the PT to restructure its slate in the state.

Beyond the 6×1 bill, Guimarães inherits three additional high-stakes legislative files: the PEC da Segurança Pública, the regulation of app-based work, and the Senate confirmation of Jorge Messias as the next Supreme Court justice, with the sabatina scheduled for April 19. In his swearing-in speech, he pledged “permanent dialogue with Congress” and spoke of the need to “defeat fascism”—a framing that signals the government views the October election as existential.

The Election-Year Calculus

The escala 6×1 is popular with voters and toxic with employers—the precise combination that makes it potent campaign material and difficult legislation. Lula needs it to pass, or at least advance far enough to claim credit, before the election shuts down the congressional calendar. Guimarães’s track record as a veteran PT negotiator and his good relationship with Motta, who publicly praised him as having “excellent relations even with the opposition,” suggest the Planalto believes the bill can be moved—but the tight polling against Flávio Bolsonaro means there is no margin for a legislative defeat on the government’s flagship promise.

Related Coverage: Datafolha: Flávio 46% vs Lula 45% in First Numerical ReversalBrazil Inflation 2026 Guide

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.