paul allen in canberra. take us through some of the highlights of the budget and some of the losers are the big banks in australia. reporter: that's right. i will give you some of the headline numbers first aired $29.4 billion. the dividends are narrowing in australia. there is a forecast return to deficit by the year 20242021. you can always get protest budget. there's a little action going on behind me now. sure if they were upset by the bank levy or not. some of the assumptions about do rely onto surplus some pretty optimistic assumptions about growth. for example, gdp getting to 2.57%, inflation above 2%, iron ore around $50 per ton by the march quarter. i spoke to scott morrison last night and asked him about these assumptions, whether they were realistic. >> our international forecast, they are actually more conservative than what the imf said. the domestic forecast, simply be consisted -- consensus of markets currently, they seem in a reasonable range consistent with our forecast. that is also true wh

i am paul allen and canberra. more from "bloomberg technology" next. ♪ >> welcome back to this special edition of "bloomberg technology." i'm caroline hyde. we are live from boston, showcasing the innovation and diversity of the tech economy. opened its 100 17th season this weekend at boston symphony hall, and the theme, it's the music of former conductor and maestro john williams. recently recorded and help him of his music in a high tech, state-of-the-art studio many concertgoers don't even know exists. this,rt with a little of after twof this,, and hours leading the boston pops, you will have a recording of the selected works of maestro john williams. for managing directorhours lead- >> it's the soundtrack of our time. >>john can write a melody better than anybody else. you say star wars. it comes into your head. ♪ "et," and you hear it in your head. ♪ the recording is overseen and supervised by nick squire, one of the few full-time sound engineers employed by any u.s. orchestra. >> it is visually appealing. it

i'm paul allen here in canberra.om "bloomberg technology," next. ♪ caroline: welcome back to this special edition of "bloomberg technology." i'm caroline hyde. we are live from boston all this week, showcasing the innovation, diversity, and power of the cities tech economy. one thing boston is known for is the booming biotech scene.one major player in the scene is bloomberg bio. the company's platform and company -- is in gene-editing. glaxosmithkline will pay undisclosed sums to license technology to delivering genetic material sending us is. the ceo of bloomberg bio, nick leslie. it's a little chilly for us. therapy,ow your gene vis-a-vis the competition in boston or abroad, compares. >> gene therapy is a broad space. come is the impact it is having on patients. of geneept and promise therapy is to alter disease, potentially cure disease. that is the big differentiator. there are some really terrible ableses and we have been to announce small numbers of patients, but going from not but ameliorating, potentially cur

and in canberra, the prime minister there condemned what he called a vile attack directed at teenagersrime more reprehensible than the murder of children. this is a direct and brutal attack on young people everywhere, on freedom everywhere. it was a message that echoed around the world, on social media. we were hearing from daniel sandford, the tragic news that what we think is the youngest victim of the attack was just eight years old. saffy rusoss, who was from lancashire. a primary school child from lancashire has been named the second of the fatalities, after this atrocity at the manchester arena. 59 injured are still being treated in various hospitals in manchester and around manchester. hugh pym is at the manchester royal in the. what is the manchester royal in the. what is the picture there? we had a briefing from a senior official at north west ambulance service and a senior health official here in greater manchester summing up the nhs response across the region. those 59 patients are spread across eight hospitals, nine are here at manchester royal. we asked how many of them we

all, joining us live from canberra. let's get live to the first world news.orting, president has fired fbi director james comey on recommendation of the attorney general and his deputy. comey becomes only the second chief in their bureaus history to be dismissed. he had been leading an investigation into alleged russian meddling in the presidential election and into moscow's possible links to trump eight and associates -- two trump's associates. >> if the administration had objections, they had those objections the minute the president got into office, but they didn't fire him then. why did it happen today? now, softbankgy is said to be close to fulfilling its tech fund with commitments reaching $95 billion. we are told the fundraising may wind up next week with interest from saudi arabia and abu dhabi and from companies including apple and qualcomm. softbank plans to contribute at least $25 billion of its own capital to the vision fund in the next five years. since the year rally arrival of the iphone now sees the company worth $800 billion. shares have cont

in canberra what are we likely to expect from the treasurer?we want to see is how big is the deficit? that is likely to have come down all thanks to what is going on and the price of iron ore coal over the past few months, a welcome boost to revenues. the other question is when is the budget going to return to surplus? the government says that is , based on some21 possibly optimistic growth forecasts to get the budget to that point. the treasurer, scott morrison, arrived at parliament house a couple of hours ago. he spoke to the media. here is what he had to say. >> we have been listening. we understand that while australia has grown ahead of large advanced economies all over the world, we are rising against strong headwinds. we understand that not all australians who felt the experience of that growth personally. -- have felt the experience of that growth personally. reporter: another thing we can expect to see is a spending, particularly on infrastructure. that is going to bring some interesting things for debt. , then, isw vulnerable austral

and in australia's parliament in canberra, the prime minister there condemned what he called a vile attackwhere, on freedom everywhere. james landale, bbc news. before we go, let's just pull together what we know so far. 22 people have been killed in last night's suicide bombing at the manchester arena — the youngestjust eight years old. 12 children under 16 were among the dozens taken to hospital. one man has been arrested in connection with the attack, as police try to find out whether the killer was working alone or not. in a moment we'll be hearing from our correspondent, danny savage, at a vigil here in manchester, but first our special correspondent, ed thomas, is at the manchester arena. this of course is the scene of the attack last night. what is it like now? it's calm now. the teenagers, the young children who were at the centre of this attack, they've all left now, but what won't leave this place is the sense ever disbelief and the shock that's been left behind. within an hour of this attack last night, we watched young people, teenagers, walking around here in confusion. they w

and in australia‘s parliament in canberra, the prime minister there condemned what he called a vile attack that echoed around the world, across social media. well, what are the security implications of what happened here? professor of national security studies at king‘s college london. i spoke to him earlier. the delivery of it a is a complicated thinlying and this suggests something at the more sophisticated end that doesn‘t thz doesn‘t mean the bomb will be the most sophisticated. the intelligence services been focussed on whether britain is about to suffer a wave of suicide bombings and how far we can identify linkages between this individual who it seems they have already identified by name, but they haven‘t released that yet and what it means for international co—operation, but fundamentally, the challenge at the moment is for the prime minister and the close team around her to strike that balance between being appropriately shocked and communicating how the public feels versus the need to emphasise how normal life can continue and that‘s a very difficult message to be passing on toda