Hello, this is Leonie Kidd with today's edition of Morning Squawk.
The early election result in Brazil has sparked an overnight sell-off in the country's assets.
While Elon Musk has stepped into the neocloud debate with a stark warning that these beaten-up stocks face a "guppy-level death."
Luiz Inácio Lula da Silva has won an unprecedented fourth term as Brazil's president, in a dramatic comeback from a first-round vote that saw him trailing rival Senator Flávio Bolsonaro.
Bolsonaro has refused to concede defeat, saying he would seek the annulment of the outcome, Reuters reported. He also said a ruling by Supreme Court Justice Cristiano Zanin to extend voting for two hours was "unacceptable," according to the report.