IBOV 205,430.33 ▲ 0.54% IPSA 10,969.16 ▼ 0.02% IPC MEX 68,420.16 ▲ 1.12% MERVAL 2,848,945 ▼ 0.35% COLCAP 2,566.28 ▼ 0.55% BVL PERÚ 60,210.69 ▼ 0.91% USD/BRL5.07▼ 0.54% USD/MXN18.48▲ 0.36% USD/CLP984.38▲ 0.32% USD/COP3,171▼ 0.77% USD/PEN3.43▼ 0.11% USD/ARS1,518▲ 0.30% USD/UYU40.13▲ 3.08% USD/PYG5,686▲ 3.07% USD/BOB11.61▲ 2.27% USD/DOP61.26▲ 0.43% USD/CRC448.47▲ 1.59% USD/GTQ7.65▲ 3.30% USD/HNL26.86▲ 0.34% USD/NIO36.62▼ 0.07% USD/VES877.92▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.73▲ 2.13% EUR/BRL5.71▲ 1.16% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 205,430.33 ▲ 0.54% IPSA 10,969.16 ▼ 0.02% IPC MEX 68,420.16 ▲ 1.12% MERVAL 2,848,945 ▼ 0.35% COLCAP 2,566.28 ▼ 0.55% BVL PERÚ 60,210.69 ▼ 0.91% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Saturday, October 17, 2026

Brazil Brazil Elections 2026

Lula Puts Globo Under Suspicion Over Lunch

By · October 17, 2026 · 6 min read
A multi-storey concrete building under construction, with scaffolding and two tower cranes, behind a black fence beside an empty road
The new US Embassy building in Tegucigalpa while under construction, pictured in September 2021. File photo. Photo: Luis Alfredo Romero / Wikimedia Commons (CC BY-SA 4.0)

BRAZIL · ELECTIONS

Published Friday, 16 October, 11:42 p.m. ET · Source: Metrópoles, ICL Notícias, 98 FM Natal and a TV Globo statement

Key Facts

  • The country Brazil, Latin America’s largest country, elects its president in a runoff on Sunday 25 October between President Lula and Senator Flávio Bolsonaro.
  • What happened On Friday 16 October, Lula said TV Globo, Brazil’s largest broadcaster, is “under suspicion” of his campaign and “does not merit trust.”
  • The trigger Flávio Bolsonaro lunched at Globo’s Rio de Janeiro headquarters with group president João Roberto Marinho hours before his Jornal Nacional interview that evening.
  • Globo’s answer The network calls it an institutional visit and says no journalism leaders took part.
  • Power Index Brazil ranks 1st of 14 in The Rio Times Latin America Power Index, with 75.0 points (October 2026 edition).
  • Prediction markets Polymarket gives Flávio Bolsonaro a 77.2% chance of winning the 25 October runoff and Lula 23.5% (16 October, 11:40 p.m. ET). Polymarket puts Flávio Bolsonaro’s chance of winning at 77% and Kalshi at 78% (Lula: 24% and 22%), as of 16 October, 11:40 pm ET; prices are bets, not polls.
  • Still open Neither campaign has said whether the dispute will change the debate or interview rules for the final week.

Runoff · Sunday, 25 October

Brazil Runoff 2026: Lula vs Flávio

Date, polls, debates, odds and how the runoff works, updated every day.

Read the runoff guide →

Brazil election 2026 · Brazil election polls · Brazil election odds · Brazil runoff date and results start · Brazil election results · All election stories

President Luiz Inácio Lula da Silva said on Friday 16 October that TV Globo, Brazil’s largest broadcaster, is “under suspicion” of his campaign after his rival lunched with its executives. Senator Flávio Bolsonaro, the conservative candidate, had met Globo’s leadership hours before his prime-time Jornal Nacional interview.

The row lands nine days before the Brazil election 2026 runoff, when Brazilians choose the president of Latin America’s largest economy. For US readers, it shows how heated the final stretch has become, in a race that moves Brazilian assets and trade with Washington.

What Lula Said About Globo

Speaking at a campaign event in Ipatinga, in Minas Gerais state, Lula said Flávio “went to have lunch with the direction of Globo on the day of his interview,” 98 FM Natal reported. He added: “From today, Globo is under suspicion of my candidacy. It does not merit trust.”

Lula tied the network’s alleged hostility to four things his government did or promised, the same report said: its curbs on betting, approval of ending the six-day work week, a promise of free weekend public transport, and the arrest of banker Daniel Vorcaro. We have not seen evidence for that link, and Globo has not addressed it.

Empty presiding table with blue leather chairs, flowers and a Brazilian flag in the Federal Senate chamber in Brasília
File photo: the presiding table of Brazil’s Federal Senate in Brasília.
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What Globo and the Campaigns Say

Globo confirmed the meeting in a statement quoted by ICL Notícias. It said Flávio paid “an institutional visit” to the Rio de Janeiro headquarters and was received by João Roberto Marinho and Paulo Tonet, vice president for institutional relations, with no journalism leaders present.

Flávio was accompanied by Senator Rogério Marinho, his campaign coordinator, and a press adviser, Metrópoles reported. Allies of Lula were irritated that the lunch came on the day of the interview, while Lula had no similar meeting before his own on Thursday 15 October.

Globo also said, 98 FM Natal reported, that it would have received Lula as well had his campaign asked for a meeting. That is Globo’s account, and the Lula campaign has not confirmed or answered it.

Wide fisheye view of senators at their desks in the blue plenary chamber of Brazil’s Federal Senate
File photo: the plenary of Brazil’s Federal Senate, where Flávio Bolsonaro holds a seat.

Why the Broadcaster Matters in the Runoff

Globo’s news programme Jornal Nacional is a flagship evening news programme in Brazil, and both runoff candidates have faced its long interviews. Lula sat for his on Thursday 15 October and Flávio on Friday 16 October.

A candidate saying a leading broadcaster no longer merits trust is rare, and it can shape how supporters read later coverage. Our Brazil election polls tracker shows a close race as the final week begins.

What It Means for US Readers

For investors in Brazilian stocks, bonds or US-listed Brazilian shares, a campaign fight over the media is noise rather than a policy signal. What moves prices is the polling, and the Brazil election odds show how bettors read it.

For anyone watching US-Brazil relations, the quarrel shows a campaign defending its message against the largest platform in the country. Either result will leave a government that must work with a divided electorate and a sceptical press.

What Prediction Markets Say

On Polymarket, an online prediction market, traders price a Flávio Bolsonaro win of the 25 October runoff at 77.2% and a Lula win at 23.5% (16 October, 11:40 p.m. ET). The “Brazil Presidential Election” market has seen about US$185 million traded.

Kalshi, a US exchange regulated by the Commodity Futures Trading Commission (CFTC), also lists markets on the runoff margin. These are bets, not polls, and they can move within minutes of news.

Why we show this: prediction markets turn real-money bets into a live probability that moves within minutes of the news, which is why investors, campaigns and newsrooms in the United States now follow them closely. We show them next to polls and official results, never instead of them.

Prediction markets · who wins the runoff

Implied chance of winning Brazil’s presidency on 25 October, from traders’ prices.

Polymarket

Flávio Bolsonaro 77.2% · Lula 23.5% (US$185 million traded)

Kalshi (regulated in the US by the CFTC)

Flávio Bolsonaro 78% · Lula 22%

As of 16 October, 11:40 pm ET (04:40 Lisbon), updated every 20 minutes. Prices are bets, not polls, and can move fast.

Why we show this: prediction markets turn real-money bets into a live probability that moves within minutes of the news, which is why investors, campaigns and newsrooms in the United States now follow them closely. We show them next to polls and official results, never instead of them.

What Is Not Known

We have not seen a recording of Lula’s remarks, and Globo had not publicly answered the four-decision claim at the time of writing. It is not known whether Lula’s campaign will refuse future Globo requests or whether either side will take the matter to the electoral court (TSE).

It is also unclear whether the row will change any voter’s mind. The next polls, due before 25 October, will show whether it registers.

Frequently Asked Questions

What did Lula say about Globo on 16 October?

He said that from that day Globo is under suspicion of his candidacy and does not merit trust. He spoke at a campaign event in Ipatinga, Minas Gerais.

Why is Lula upset with Globo?

Flávio Bolsonaro lunched with Globo group president João Roberto Marinho and another executive hours before his Jornal Nacional interview. Lula said he had no such lunch before his own interview on 15 October.

What does Globo say about the lunch?

Globo says it was an institutional visit to its Rio de Janeiro headquarters with no journalism leaders present. It has not publicly answered Lula’s claim about his government’s decisions.

When is Brazil’s runoff?

Brazilians vote on Sunday 25 October, nine days after this row. The Superior Electoral Court (TSE) publishes the official result.

Sources: Metrópoles, 16 October 2026; ICL Notícias, 16 October 2026; 98 FM Natal, 16 October 2026.

This article was drafted with automated assistance and reviewed before publication. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

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