Brazil Markets Sink Triggering Circuit Breaker

The video discusses the ongoing political crises and risks, focusing on Brazilian President Michel Temer's alleged involvement in a cover-up scheme. Despite his denial, the markets reacted negatively, with Brazilian stock futures dropping significantly. The discussion highlights the shift of political risk from emerging markets to developed ones, challenging the notion that such risks are confined to emerging economies. The video concludes by emphasizing the complexity and unpredictability of political risks in global markets.

What was the market reaction in the United States as mentioned in the text?

According to the text, what is the implication of the political risk not being in emerging markets?