it's an amazing thing when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. the idea that we have saved five million people's lives, it's overwhelming. it's everything.

>> good morning, welcome to daybreak australia. >> pretty evening. china's top leaders raise expectations for next year's growth target. consumer prices have fallen the most in three years. haidi: investors embracing rates . >> an exclusive interview on the arm ceo. haidi: it's a key week on policymakers, global rate cuts and looming across the end of

'23. in a 60 hour window, the fed, ecb, poa all confronting this. this monday morning, a little upside when it comes to staging. sydney futures up a quarter of 1%. changing expectations on the stimulus picture. watching the energy space given we continue to hear more detail. the aussie dollar on the back foot. kiwi stocks softer, early stages. .2% downside.

dollar-yen, respite on the n thanks to that dollar retreat. whether that will hold, it will be a busy week. shery ahn:: we are talking about most of the world, central bankers setting the 60 hour window. global inflation data, tom joins us now. the fed went slightly the opposite direction given the job numbers on friday. tom: especially in the u.s., to a lesser extent in the eu, inflation is down and bond markets bet not just that the

fed, ecb and boe are done with hikes but that '24 will bring an early start to cuts. this week, powell, lagarde, bailey all in action with an opportunity to endorse or push back on this bond market bet for cuts in the year ahead. our bet is they meet halfway. certainly, they will not seek more hikes. neither are they ready to endorse bond market bets of an accelerated easing. why? if they sent that signal that big cuts are imminent, markets will price that in even more aggressively. the concern from central banks is it would make it harder for

them to manage the final yards of inflation back to the 2% target. haidi: the wildcard remains china. building expectations on the growth target for next year, do we expect more work on the fiscal side? tom: interesting. china, big export economy. you would expect them to move with the rest of the world. now they are in a cycle of their own, for a couple reasons. firstly, slow-motion real estate crisis, and norma's negative impact on domestic demand -- enormous negative impact on domestic demand. second, the late exit from covid.

what that means now is whilst the rest of the world is hoping to bring prices down to target, china has to lift prices back up. they are risking deflation. we had a bureau meeting friday. the signal was top leaders from xi jinping down recognized the need to do more to support the economy, provide the offset to that slow-motion crisis in real estate. we think a bit of that will come from the pboc. we expect moderate rate cuts in '24. the bulk of the work has to come from fiscal policy. shery ahn: the pboc doing more, what will that look like in '24? we saw big injections of liquidity from the medium-term

lending facilities instead of cuts. tom: there is a challenge for the pboc. china's economy is already highly leveraged. monetary policy faces a classic problem of pushing on a piece of string. yes, you can cut rates, yes, that will ease a little debt burden on industry, government. already heavily indebted businesses, will they take advantage of interest rates by borrowing more? is that the catalyst for stronger investment, job creation? probably not. in a world where leverage is high, the effectiveness of pboc rate cuts is limited. we think they will deliver 30 basis points of cuts in '24.

keeping the dial tilted toward stimulus but micro moves. that places more burden on the central government, which now needs to leverage balance sheets with a fiscal push to offset drag from real estate. haidi: the productivity of debt in china is always to be considered at this point in cycle. even with that push, is the outlook slower growth lower growth for longer? tom: china's got significant challenges. immediate future, '24, '25, the big one is the real estate crisis. they spent a decade building more real estate than they needed. there now has to be adjustment to bring that overdone supply back in line with market.

that's been a draghi in '22-'23, and it will remain a drag until '25. on the others, there are structural headwinds. demographics, the shrinking working age population, strains and the relationship with the u.s., all that means what access for global markets and technology. there are forces on their growth stretching into '24 and beyond. against that, china is still at a low level in terms of development. gdp per capita is 30% of the level in the u.s. there is still a lot of development space. our expectation '24 and beyond, as a slowdown, there is enough development space and expertise

on delivering development in beijing, which means a slowdown, not a collapse. haidi: benjamin netanyahu criticized russia, in a 50 minute call with vladimir putin, accusing moscow taking sides against israel at the u.n. the kremlin says putin reaffirmed his rejection of terrorism. he has criticized israel's airstrikes over gaza. shery ahn: the fear of handling anti-semitism at elite universities continues to grow, with the harvard president facing mounting pressure. the leaders of harvard, penn

and m.i.t. have been slammed over the responses over whether calling for the genocide of jews is against school policy. thousands of graduates have expressed anger and several donors have pulled their support of the school. speaking with david westin on wall street week, larry summers says letting donors or politicians control universities would be problematic. larry: it's important to remember if universities start being run by politicians or small groups of large donors, that's going to be a problematic thing over time for the american university system, which is a huge source of strength for our country. that said, we have to recognize

there has been a double standard in how incidents of racism have been regarded in the past, incidents of what people call micro aggressions, incidents of things that make people feel hurt or sensitive have been regarded in the past, and the way things abhorrent to sensibilities of so many of us have been regarded in the last several months, and that double standard, which in different ways has been present on many campuses creates an extremely difficult situation. shery ahn: larry summers, a paid contributor to bloomberg tv. still ahead, we hear from the arm ceo and how the firm

plans to become essential to the ai revolution. first, market strategy and expectations for the fed's final policy meeting of the year. this is bloomberg. ♪

>> good report. >> exceeded expectations. >> stronger-than-expected. >> doesn't make the fed want to cut. >> the fed is unlikely to start cutting in march. >> the fed will not feel compelled they need to embrace early rate cuts. >> the market has to think carefully about the amount cuts it is pricing in. >> markets are overzealous. 65% chance of a march cut seems

overdone. >> a pivot that starts in the back half of next year. >> more likely in the second half of the year. >> the fed is months away, if not quarters away from cutting. this report is not going to make them want to do that anytime soon. shery ahn: our next guest is bearish about global fundamentals, despite the beat on u.s. jobs numbers. rebecca joins us now, great to have you. we are not expecting much to come out of the fomc in terms of a change in rates this week but when it comes to clues of what can happen next year, what will you watch out for especially with resilient jobs numbers? rebecca: great question. i agree with sentiment in the open.

we've been experiencing all year, the last several years, bad news is good news because one bad economic news comes out, the fed was going to help us by doing something. now we are getting surprise beats. we expected 164,000 jobs, we got 200,000. robust economy, achieving a soft landing, therefore we don't need to see cuts as fast as the market is pricing. i think the u.s. will pivot next year. i agree it will be after europe. i don't think europe will cut until april. no chance we see march. that's why, this good news is bad news for the market insisting the fed cut rates faster than they would otherwise. shery ahn: you expect europe,

given the fundamentals being weaker? rebecca: exactly why. u.s. experiences economic repercussions of monetary policy last because we are the world's hegemonic global reserve. europe, germany has been a manufacturing depressor for the lastly four months, having a dire impact on europe. the u.k. with its own situation. europe will need to cut faster. i don't see they have any opportunity before april. i don't see a march cut. shery ahn: why not before april? rebecca: the dynamic monetary policy. they just raised. unless something dire happens, they could make an extreme case

to cut. we are laying out the timeline, potentially april, and that would put us ahead of europe and that does not make sense to us. shery ahn: if it is more delayed, does that mean we will continue to disappoint downside, more pressure given how much has been priced in? where do you hide from volatility? rebecca: exactly the point. the market is like ok, they are pricing this. it probably won't come. market volatility is worldwide. we expect global macroeconomic changes. the joining of the bricks bloc is quite alarming in january. we are waiting to see what policy implementations will be made with opec, the joining of

the bloc. we are concerned about retail numbers globally. shipping numbers. we are seeing a slowdown in demand. the job market, if you look at the underlying headline, 50,000 jobs were created by the federal government. there is still weakness in the retail sector. look at the depth of the market, even though 2023 top line has been great, it's only the magnificent seven. does not have the depth we need to see that we will get a true soft landing for the entire market. shery ahn: what do you make of the magnificent seven? the s&p seems to be so focused on the few names. what's the risk going into '24 with these valuations? rebecca: nvidia, we have a

compound growth reproduction, in the ai chips -- they have the market on these chips. this situation with arm. what we see, the market expecting these companies will continue to have massive annualized growth. in the ai space, they potentially will. the cost of capital for businesses now is 10 or more what it has been in the last 15 years. a lot of businesses cannot afford to invest in r&d at the level we could previously, with the cheapness of the cost. a lot of earnings and growth next year will be impacted greatly by this higher cost of capital and higher r&d costs. for 15 years, we've had the fed's fund rate basically zero since 2008. shery ahn: good to have your

thoughts. very busy week of monetary policy decisions around the world. get a round up of all the stories you need to know. terminal subscribers, you can customize settings so you only get the news on the industries you care about. this is bloomberg. ♪

a few years ago, i came to saona, they told me there's no electricity on the island. we always thought that whatever we did here would be an emblem of what small communities can achieve. trying to give a better life to people that don't have the means to do it. si mi papá estuviera vivo, sé que él tuviera orgulloso también de vivir de esta viviendo una vida como la que estamos viviendo ahora. es electricidad aquí es salud.

haidi: an influx of firms to south florida in the past years have given -- have given momentum to the idea of a wall street south. shery ahn: i sat down at a

bloomberg new voices event to discuss the opportunities and challenges the region faces in becoming a financial hub. >> one of the most challenging things is finding office space. [laughter] >> i was going to let you answer that. >> it's been over a year. our moving date has been pushed back. materials, construction companies. it will happen. meantime, we are in a we work with lots of slices of miami life. i've seen tons of people. it's an introduction to miami business life. i'm struck by the energy, dynamism and positivity. i'm excited to move to a permanent space. >> we've had cycles of development that span a decade.

the inventory of product currently is limited given the fact we've had 2.2 million square feet of space leased by 350 companies in the last 2.5 years. spectacular growth. we are hungry to make sure this development happens. >> does that give you comfort? >> i'm told 2% of square feet in commercial space versus midtown manhattan. manhattan has 50 times more space than this downtown area, to give you a sense of the mismatch. shery ahn: are you hiring locally? we talked about diversity. does that help finding talent? >> we try and find the best person. the fact that they are local or international is secondary. there is great talent in miami.

we are investors in international equities. it's not uncommon to find yourself at a meeting or lunch where there are three languages spoken. for us, that has matched our culture and the underlying investments we pursue. shery ahn: haidi: that was the bloomberg new voices event in miami. crypto gaining momentum with big numbers, bitcoin driving optimism. old coins are outperforming, given bitcoin is gravitating toward the $50,000 level. just under $44,000, the level at the moment. that breathtaking surge by the

bellwether is driving smaller coins as much as 30%, friday. bitcoin surging 60% since the middle october date. these huge rallies for bitcoin and a theorem will take a sideways breather. we are seeing a little of that now, not the bigger moves in the earlier part of the asian session. the overall class becoming more decorrelated, how investors are perceiving the risk. more to come on daybreak australia. this is bloomberg. ♪ first time i connected with kim, she told me that her husband had passed. and that he took care of all of the internet connected devices in the home. i told her, “i'm here to take care of you.” connecting with kim... made me reconnect with my mom. it's very important to keep loved ones close.

we know that creating memories with loved ones brings so much joy to your life. a family trip to the team usa training facility. i don't know how to thank you. i'm here to thank you.

haidi: a company essential to the ai revolution spoke with bloomberg on how his role has changed since arms $54.5 billion ipo. elliott is here. elliott: we have been public now for a few months. i feel like the eyes are on me more than they were prior. on the other hand, i think about it in terms of the future of arm that is not measured in who we are today but what we will be in the future. i think about where our mobile three or five years from now. on one level it has changed because we are a public company and we have to meet expectations and do exactly what we say we will do. on the other hand maybe not so much as changed. because five years away i am thinking just like i was before the ipo and my guy am thinking about it today. >> how do you balance the

demands of new investors in the company and legacy investors and softbank being the big gravitational force? how do you balance the demands? rene: arm is a company that's hard to look at quarter to quarter because the technology we are working on today is technology that will end up in products three or four years from now. while the financial results are important, they are really through throat of strategies we put in place a couple years ago when we created our neo verse product line for the servers and our automotive product lines. you are seeing those come to bear. we try to make sure understand while the results are important, it is also important to think long-term and where we are going directional he. >> arm it was a set up in the 1990's. you have the -- been the building blocks of our digital world since then. now we are focused on generative ai and it's reshaping the digital ecosystem we live in and

will be living in. what role do you see arm playing in that transformed digital space in the years ahead? rene: arm in 30 plus years has been foundational to computing in a way no other computer architecture before it, or i daresay after it, has been. 70% of the world population touches arm today in some way. we were well known for smart phones. before that, non-smartphones. feature phones. the arm of today is not only more diversified as -- around data centers, automotive, iot, but now with ai and ai workloads fighting their way into every single application whether it is your thermostat or your data center, arm will be there. i think in the upcoming years and decades arm will be foundational to everything with ai. tom: so, you are central now to the digital world we live in. and you will be essential in the

general -- generative ai reshaped world in the years ahead. rene: you can't run ai without arm. it's foundational. ai will find its way into every electronics device we use, whether it is the smallest device in your home or the largest data center. tom: every ai executive i speak to whether it is defined, cohere, inflection, or others say that the scramble for compute is front and center with the fight for talent. how do you see that going forward? rene: the next years will see increasing demand for more compute. there will also be a high degree of need for power efficiency because data centers require hundreds of watts, megawatts, up to gigawatts energy. we don't produce that much energy as a planet. we have limitations relative to fossil fuels, relative to

sustainable. so, a rush to get to power efficiency around the computer models will be very significant. that's great for arm. because the dna of our company is around power efficiency. shery: arm ceo rene haas speaking with tom mackenzie. early in the asian session, off the back of a stronger-than-expected u.s. jobs number friday when we saw the daughter surging on the back of treasury yields rallying, talking about the first weekly gain for the u.s. dollar in four. on the other side of the break, a little pressure for the aussie commit kiwi command even the japanese yen. the caveat is we have seen significant strength for the japanese yen last week with global speculation we might see the end of the negative interest rate policy either boj as early as this month. we are seeing the little support for the chinese yuan. still early in the session, but off the back of news from

china's top leadership that we might see more fiscal support for the economy, and perhaps that's necessary given over the weekend we got more data showing deflationary pressures on the stalling economy. haidi will watch of the pboc decision later this week as well. haidi: yes. it's a pretty busy week for central banks. joining us in the studio in sydney is right agile the global head of fx strategy at australian national bank. what are your expectations for the fed threading the needle on communications given how advanced market expectations already are? ray: i do not think the fed would want to give too much suchor to what is already priced into the market, what, 125 basis points of rate cuts. at the same time, we will need to see some watering down of the so-called tightening bonds. ripoll -- recall the last meeting where they thought about

the extent to which policy might need to be further tightened. we might see a qualifier to that. maybe they will take a leaf out of the rba book and talk about whether furs are tightening is required. i am sure fed chair powell will still stress the fed's preparedness to raise rates further if necessary. i think there will be a lot a focus on to what extent the dot plot for 2024 has changed. there are expectations there will probably only be a couple rate cuts in there. i think the market is likely to look through most of what we hear. i think there will be more noise than signal. haidi: does it mean limited moves for the dollar? ray: no. the dollar strength we have seen since mid 2022 and the revival in the u.s. dollars fortunes third quarter of this year, i think, one of the things that caught a lot of currency strategists like ourselves out, very much dominated by the fed policy landscape. the extent that dollar strength

2022-2023 was driven by the fed almost to the exclusion of other drug banks, as long as the fed can deliver at least what is priced in markets, i think the inflation picture, the risk might be skewed towards the fed doing more rather than lust as it is currently priced. i think that will be enough to see the dollar meaningfully lower over the course of next year. haidi: how does it match with what we see with the last park is -- caucus rba aside, some of the fundamentals we have heard? >> we have aussie towards a 70 by the middle of next year, maybe closer to 75 by the end of the year. it is first and foremost a u.s. dollar story. whether or not the soft landing. you have to say on the strength of the latest employment numbers we had friday, a soft landing, i would not say no landing, but

soft landing looks like the highest probability outcome. from a risk perspective that is important because the aussie is still one of the most risk sensitive currencies and under a hard landing scenario it is not good for risk sentiment. it would threaten the forecasts for aussie doing as well as any other g10 currency over the course of next year. if inflation is still coming down fast even under a soft landing scenario we think the fed will deliver meaningful easing simply to prevent policy from becoming overly tight in an environment where inflation is so much lower than it was the last couple years. shery: will the yen be highest volatility in g10? ray: the forecast for last year, at the moment that yen and the aussie are vying for the top spot. where will we get a surprise? as early as next week? the bank of japan comments from last week set hairs running on the risk of a move this side of christmas, which the boj does

have a form for surprising us. we stick with the view the boj wants to see more confidence the weight is conditioned for sustainable 2% inflation has been met and there is nothing out of the latest cash earnings numbers coming friday to support that view. but the boj has surprised us before. if it won't be in december, certainly, late q1 or q2 next year is the best guest for when they end up ending the negative interest rate story at the context of treasury yields staying down. we think that is consistent with the dollar/yen into the one 30's may be as low as 130 over the next couple months. haidi: the dollar has done most of their work for them when it comes to the yen. ray: in an environment where jgb yields have been pinned between 1.5%-1% it's been volatility in 10 year treasuries and fed expectations that have been key there. as may be that the fed alone is able to generate a stronger yen.

but it will need support from a shift in boj policy through the year. haidi: if we get more fiscal support from china? ray: the lesson the last four to six weeks is china has shown itself to be comfortable allowing the you want to strengthen in the context of a weaker dollar. that has also turned a something of a headwind for the aussie dollar into at least a mild tailwind. in the context of dollar weakness and fiscal policy we think playing a bigger role in supporting the recovery next year, we think that plays to the dollar you want ray falling below seven. in that dense i think that again will -- the yen will be allowed to strengthen, but not excessively so. the yen does not want to lose competitiveness vis-a-vis japan. if we see a stronger you want we probably need a stronger japanese alongside it. haidi: great to chat with you.

watch us live and catch up on past interviews on our interactive tv function at tv and dive into securities and bloomberg functions we have talked about. as well as send us instant messages doing our show. it is at tv if you want to check it out. this is bloomberg.

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haidi: a look at the day head for australia, the treacherous as australia's budget update will reveal lower than expected debt. forecast growth that is expected to be close to 900. we are looking at some projections potentially coming down earlier of more than $1 trillion. he says australia well raise fees for foreigners that buy existing houses and penalize them if they leave properties vacant. workers critical to the operation of five australian coal mines owned by bhp are readying to vote on industrial action that could involve strikes before the end of the year. 2024 could be a make or break year for the australian prime minister as national elections loom. his approval rating plunged to 40% from 62% last year. australian government reporter ben wescott joins us from canberra. as we reached the halfway point

in the pms term, there was a disastrous referendum amidst a cost-of-living crisis. will the strategy have to change? ben: everybody is saying in canberra, absolutely. anybody watching australian politics knows it's been a rough three months for the government, starting with the failure of albanese's failure on the referendum on the indigenous voice to parliament. it's all been headache since then. then the israel how moss wore pushed pedro prices up leading to longer than expected inflation which caused another rate hike in november. finally, we had the immigration tension drama with the high court in recent months. all of these are things that will have to be turned around for albanese next year and see potentially heads into an early -- election as early as late

next year if he wants an early one. nobody i have spoken to has said it's a risk to the prime minister's leadership, or, that labor is likely to lose at the next election as a result of this. but it certainly a long way from last christmas when albanese was definitely heading into the christmas break quite triumphant. haidi: in terms of broader government priorities and challenges going into 2024, what does this look like? ben: 2024 will see a few big challenges for albanese as well on things he perhaps -- we perhaps already know about like stage iii tax cuts that will come into place july of next year. those are an attempt by the former can's government meant government to level out some bracket creep. it will see large tax cuts for

high income earners, which at a time of inflation, could potentially be disastrous. there are different opinions on this but the government will have to decide how it wants to deal with that next year. in addition, there are ongoing conflicts in the middle east and europe that will raise questions for australia. finally, there is a budget in may where the government deliver a second surplus, generally is seen as a good thing for a labor government but at a time of a cost-of-living crunch, people will be asking, why are the government coffers looking so good when mine are not? shery: are those economic challenges part of the reason why we saw an emigration strategy rolled out today? why are the main -- what are the main features? ben: the reason for the immigration strategy is we will see later this week in the media, economic, and physical outlook that emigration the past financial year was 510,000. that is the population of tasmania, effectively. it's a record number of migrants

to australia. it is also 100,000 more than we originally thought we might get in april this year. that is really what is behind the strategy. that, and several reviews showing severe problems with visa backlog in australia. the main feature of the strategy will be released today at 12:30 in canberra. that there will be new skilled migrant visas. particularly, a fast track visa for people earning over $130,000. they will have a special seven-day visa clearing time and in addition to that we will see a crackdown on student visas. there has been allowing people to come to australia on student visas and then allow them to work low-paying jobs. she wants to end that and impose things like english-langtsts foa

holders. shery: these are some other political headlines around the world. the japanese prime minister fumio kishida will fire 15 officials including his trade minister amid a scandal over slush funds. the trade minister nishi mora would be the second top member of the cabinet to be replaced following chief cabinet secretary monsoonal. multiple senior professionals will be replaced after the diet adjourns december 13. egyptians began voting sunday in a three-day long election with president lcc all but certain to win a third term even as the north african nation grapples with its worst economic crisis in years. the most pressing issue is the soaring cost of living with inflation running but own -- at almost 35% said three currency devaluation last year.

our vm -- javier milei is a sworn in as the argentinian president. he pledged spending cuts and said in the economy will worsen before turning around. the leaders cabinet pick triggered a rally in the nation's dollar bonds and stocks. chinese and philippine vessels faced off in multiple clashes in the south china sea over the weekend. as a tensions over maritime territory continued to exit light -- escalate. the philippine sea task force says it's vessels were damaged after being directly targeted by a chinese coast guard ship with a water cannon. china's coast guard said the philippine ignored warnings and a deliberately collided with its vessel. plenty more ahead on daybreak. this is bloomberg.

shery: bloomberg learned the cigna group called off merger talks with humana playing a massive stock buyback committing an additional $10 million to the plan. su keenan joins us. what happened to the merger? su: there was agreement on strategy but not ultimately the

financial terms. sources are telling us both companies seemed to think that strategy was good, that it made sense and they could clear regulatory hurdles, but ultimately, they could not agree on price. bloomberg news previously reported the two companies were discussing a cash and stock deal, but the timing and structure were not to your. the combination would have created a health insurance giant with a combined market value of $135 billion even after share price declines for both companies in the past months. cigna's stock initially got a little bump when news of talks leaked. the bearish market responses signaled investors thought a combination might be less than the sum of its parts. both the cigna down some 22% year-to-date and humana are in the red for the year. a source says the gap between what cigna wanted to pay and what humana was expecting was too wide and cigna's stock price decline made it harder to close the gap. while cigna did not comment

publicly on humana, its ceo said the company will now consider acquisitions aligned with strategy going forward. cigna's plan as well to divest its medicare advantage business is still going ahead and his sources say it could be announced within the next two weeks. haidi: the big stock buyback itself for the next quarter. su: it is a massive buyback plan. i guess when a company is not going to be spending a lot of money on an acquisition it's a good place for it. cigna says the board approved a significant increase to its stock buyback, committing an additional $10 billion to the plan after calling off its pursuit to humana. cigna expects to repurpose at least $5 billion in common stock by the end of the first half of 2023. the portion of the buyback will take place through an accelerated program first quarter. cigna ceo says that they believe their shares are significant younger value down repurchasing

at this time is basically a bigger bang for their buck. cigna is a major insurer of company, disability, families. it is going to be buying back its stock in a big way. back to you. haidi: su keenan with the latest. we are -- this is how we are setting up ahead of a big week for global central banks. about 60% of the economy is covered by some major policy decisions made as we close out 2024. the big question. when and why to cut rates? we will be facing that especially for the likes of the fed given how rapid market repricing have been. citibank -- citibank futures pulling back from earlier got gained at least .1% to the upside. the aussie dollar software, 6574. the trajectory is tilted upside there. expecting 70 going into next year for the aussie dollar. alongside of the weakness we

expect to see continue in the greenback coming off of really the rally of the past year or so. as the fed potentially begins to sound more dovish in communication. we are seeing kiwi stocks down by about .1%-.2%. chicago nikkei futures trading pretty positive, .5 percent at the upside and we are watching dollar-yen as well. when it comes to high volatility currencies, actually, the yen, alongside the aussie are two of the big picks there. we have political development when it comes to japan to watch with japanese prime minister fumio kishida sent to set to fire a second top member of his cabinet, as many as three ruling party officials. that is one story we will watch as we head into the start of trading in tokyo today. that is it for daybreak australia. this is bloomberg.

a few years ago, i came to saona,ey toldo electricity on the island. we always thought that whatever we did here would be an emblem of what small communities can achieve. trying to give a better life to people that don't have the means to do it. si mi papá estuviera vivo, sé que él tuviera orgulloso también de vivir de esta viviendo una vida como la que estamos viviendo ahora. es electricidad aquí es salud. dear moms and dads, what you have achieved here today is going to help us and our futures. it is why we're coming up on stage to collect your diplomas. mom, love you always. vo: when you graduate, they graduate. visit finishyourdiploma.org to find free and supportive adult education it's an amazing thing

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