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May 22, 2024
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of course, in new zealand, we have an rbnz governor saying he is confident the rbnz will get to its inflation target. we will get you the latest lines from that press conference. keep it here with us. this is bloomberg. ♪ haslinda: welcome back. singapore's transport ministry is investigating after a person was killed and dozens of others injured on a singapore airlines flight when it hit severe turbulence. what do we know? >> it's a really unfortunate incident. we heard how singapore's transport authorities are in touch with their thai counterparts, sending investigators to bangkok, which is where the flight made an emergency landing. the civil aviation authority of thailand is also investigating. singapore airlines says it is working with authorities. this was a flight that had more than 200 people on board, and it came from -- they came from multiple nationalities -- the u.k., australia, singapore, india -- and it was supposed to be a routine, uneventful flight. it was over the irrawaddy basin, singapore airlines says, where it hit severe turbulence. items were strewn, as you can see if yo
of course, in new zealand, we have an rbnz governor saying he is confident the rbnz will get to its inflation target. we will get you the latest lines from that press conference. keep it here with us. this is bloomberg. ♪ haslinda: welcome back. singapore's transport ministry is investigating after a person was killed and dozens of others injured on a singapore airlines flight when it hit severe turbulence. what do we know? >> it's a really unfortunate incident. we heard how singapore's...
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May 23, 2024
05/24
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we think the risks are balanced. >> the governor from rbnz talking about patience.ng to india's elections, parties are accusing each other of illegal spending as authorities seize ballistic goods in a crackdown. let's bring in our reporter from delhi. why is the amount of money spent , legal or illegal, on an indian election so very high? >> is basically the size of the electorate. you have hundreds of millions of people you are trying to where you -- trying to woo to get the votes. more than 950 million people and political parties have to get the voters to come to rallies and spend -- and they have to spend money on ad campaigns and every other kind of publicity campaign and in india a lot of the money that is spent is not accounted for. a very small percentage, less than 5% of the actual money spent, is declared. so it is actually about trying to get out the word and paying all of it with cash, liquor, gold, drugs, whatever works. >> what does it mean for a party to use unaccounted money to fund a campaign? >> india is still a significant cash-based economy so a
we think the risks are balanced. >> the governor from rbnz talking about patience.ng to india's elections, parties are accusing each other of illegal spending as authorities seize ballistic goods in a crackdown. let's bring in our reporter from delhi. why is the amount of money spent , legal or illegal, on an indian election so very high? >> is basically the size of the electorate. you have hundreds of millions of people you are trying to where you -- trying to woo to get the votes....
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May 22, 2024
05/24
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we will be speaking with the rbnz governor adrian orr to talk about what is coming next for the rbnzfter that hawkish hold yesterday. this is bloomberg. ♪ so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. haidi: another story we are following, shares of live nation entertainment falling. bloomberg revealing a justice department move seeking a breakup over the business over antitrust violations. the case is related to ticketmaster's unrivaled control of concert ticket sales. the 2010 merger of live nation as well as ticketmaster has been the subject of several antitrust investigations
we will be speaking with the rbnz governor adrian orr to talk about what is coming next for the rbnzfter that hawkish hold yesterday. this is bloomberg. ♪ so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take...
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May 6, 2024
05/24
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it always used to be the traditional idea of how the rbnz does things. kind of no matter what, the strong message from fed chair powell and governor bullock here in australia, from the ecb has been we want to tame inflation without breaking economies. we want to achieve that rare, beautiful thing of a soft landing. so as long as you have a soft landing still as the apparently achievable aim, that is definitely the way central bankers and investors are looking at these things. then i don't see any reason why you can't go on having wrong earnings and also a willingness to return some of those earnings to shareholders. when the companies are looking around and saying we want a higher share price and we don't necessarily see something we could put all this money to work with that will give us the returns we want. as long as a soft landing is in play, you can see that coming along, if there is no landing in play, then you might well see companies say we can get the earnings we want. if we get a hard landing that could argue against returning cash to sharehold
it always used to be the traditional idea of how the rbnz does things. kind of no matter what, the strong message from fed chair powell and governor bullock here in australia, from the ecb has been we want to tame inflation without breaking economies. we want to achieve that rare, beautiful thing of a soft landing. so as long as you have a soft landing still as the apparently achievable aim, that is definitely the way central bankers and investors are looking at these things. then i don't see...
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May 23, 2024
05/24
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the rba made the point of this week, the rbnz that, even the fed minutes came in slightly hawkish.l has a different reaction function here to try to cut rates, but there is no justification to be talking about rate cuts. financial conditions in the u.s. are extraordinarily easy, growth is strong, the stock market and labor market is strong. it is bonkers to be talking about easing at the moment, unless you see some crisis in the horizon. it isn't obvious, it may be one will come at some point. but it is not just unwinding bets on rate cuts. i think the idea of will stay on the radar until we see the growth roll over in the u.s. the fed is one of the most important components. but the fact is that inflation around the world is sticky. that makes sense. we lost control of inflation a few years ago because excessive monetary stimulus and excessive easy monetary policy. you don't get control of it until you severely curb demand, that is what economic history teaches you. that severe curbing of demand is essentially a recession. so until growth rolls over, the central bank will not be a
the rba made the point of this week, the rbnz that, even the fed minutes came in slightly hawkish.l has a different reaction function here to try to cut rates, but there is no justification to be talking about rate cuts. financial conditions in the u.s. are extraordinarily easy, growth is strong, the stock market and labor market is strong. it is bonkers to be talking about easing at the moment, unless you see some crisis in the horizon. it isn't obvious, it may be one will come at some point....