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00:00JANUARY 3. WE ARE JOINED OUT OF NEW YORK NOW. IT IS OH IS A CASE OF THE MAGNITUDE OF THIS VICTORY, BUT THE HARD WORK BEGINS GIVEN HOW DIVIDED THE CONGRESSES. GUEST: EXACTLY. NOW WE WILL HAVE TO SEE, BOLSONARO, HE IS STILL SPEAKING, HE HAS NOT REALLY ANNOUNCED ANY SPECIFIC MEASURES BUT THAT IS WHAT WE ' RE LOOKING FOR NOW. MEASURES AND THE FIRST NAMES OF HIS GOVERNMENT, TO SEE HOW HE WILL GET THESE THINGS DONE IN CONGRESS. WE DO NOT KNOW YET. HAIDI: WE CAN SEE THAT THE VICTOR OF THIS ELECTION IS SPEAKING IN RIO DE JANEIRO, HUGGING HIS SUPPORTERS, TALKING ABOUT HOW IT WAS NOT JUST HIS VICTORY BUT A VICTORY FOR EVERYONE WHO SUPPORTED THEM. HE HAS SPOKEN ABOUT WANTING TO PRIVATIZE STATE ASSETS, WANT TO FIX HIS AILING ECONOMY. DO WE HAVE ANY DETAILS? THE MARKET ON BRAZILIAN ASSETS HAS RALLIED. JULIA: THE MARKET RALLY WAS MAINLY FOCUS ON HIS CHOICE OF ECONOMIC ADVISOR. A VERY LIBERAL ECONOMIST, HAS SAID HE WANTS TO PRIVATIZE EVERYTHING. WE DO NOT HAVE A LOT OF SPECIFICS. WE DON ' T KNOW WHAT THEIR PLAN FOR PENSION REFORM IS, WHAT THEIR PLAN IS FOR TAX REFORM. THEY HAVE SAID THEY WANT TO PRIVATIZE A LITTLE OVER 100 COMPANIES IN THE FIRST YEAR OF GOVERNMENT, BUT PROBABLY NONE OF THE MAJOR ONES. NONE OF THE BANKS. SO WE DO NOT KNOW HOW THEY ARE ACTUALLY GOING TO DO THESE THINGS AND HOW MUCH MONEY IT WILL RAISE. SHERY: IN HIS VICTORY SPEECH JUST NOW, BOLSONARO SAYING HE WILL REDUCE OF THE GOVERNMENT, CUT GOVERNMENT COSTS. THE ALSO TALKED ABOUT PACIFYING THE COUNTRY. INTERESTING HE WAS IN BRAZIL IS HOME TO DIFFERENT RACES AND RELIGIONS AND HE IS PLEDGING FOR CLEAN GOVERNMENT. BASICALLY ALL THE THINGS THAT GOT HIM ELECTED IN THE FIRST PLACE. JULIA: EXACTLY. IT WAS VERY MUCH IN LINE OF WHAT HE HAD CAMPAIGNED ON. HIS FAMILY. THEY STARTED WITH A PRAYER. IT IS VERY MUCH IN LINE WITH WHAT WE HAVE SEEN FROM HIM THROUGHOUT THE CAMPAIGN. SHERY: BRAZIL IS HOME TO DIFFERENT RACES AND RELIGIONS. WE KNOW HE HAS A HISTORY OF SKEPTICAL STATEMENTS ABOUT BRAZILIAN DEMOCRACY. JULIA: HIS FIRST INTERVIEW AFTER THE FIRST ROUND, THEY BOTH STARTED SAYING THEY WILL UPHOLD THE CONSTITUTION. BOLSONARO, HIS VP HAD SAID SOMETHING THAT WAS NOT MUCH IN LINE WITH THAT SO, THEY HAVE BEEN TRYING TO REINSTATE THAT. BOLSONARO, THE MAIN CRITICISM OF HIM IS HE WILL NOT RESPECT DEMOCRACY OR WILL NOT RESPECT THE CONSTITUTION. HE IS TRYING TO MAKE THAT POINT VERY STRONGLY THAT THIS WILL BE DEMOCRATIC AND EVERYTHING WILL BE FINE. SHERY: THE FACT THAT HE HAS TO SAY HE WILL TRY TO PACIFY THE COUNTRY AFTER A VERY DIVISIVE CAMPAIGN. THE FACT HE IS PLEDGING FOR CLEAN GOVERNMENT. CORRUPTION WAS A KEY ISSUE IN BRAZIL AND WHAT OF THE KEY REASONS THE WORKERS PARTY IS NOT COMING BACK TO POWER. JULIA: EXACTLY. THE WORKERS PARTY FIRST TRIED TO PUT FORMER PRESIDENT LULA IN T HERE, AND HE IS IN JAIL. IT HAS BEEN A ROADBLOCK FOR THEM. THEY STILL GOT A LOT OF LAWMAKERS ELECTED. BUT IT WAS SOMETHING THAT THEY DID NOT MANAGE TO OVERCOME AND THAT LEFT THE WAY FOR BOLSONARO

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Brazil Elects Bolsonaro as Next President

Brazil has elected far-right candidate Jair Bolsonaro as its next president. The former army captain had almost 56% of the vote with more than 96% of votes counted so far. Bloomberg's Julia Leite reports on "Bloomberg Daybreak: Asia." (Source: Bloomberg)

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