in the 1949 shortly after the federal republic was established in western germany the german democratic republic was founded in east germany it considered itself anti fascist andra its raison d'être from its renunciation of its nazi past. we are starting over from scratch was the founding myth that was supposed to underpin support for the communist state. is germany demonstrated its hardline towards nazi crimes in 1950 when it brought more than $3400.00 cases to court some of the defendants were indeed nazi criminals but many were innocent people caught in show trials. the accused were held in inhumane conditions and often refuse defense lawyers the evidence brought against them was flimsy at best and the sentences were decided on in advance. 24 defendants were sentenced to death and over 2000 sent to prison. even years later critics of the trial was silenced as nazis loyal to the ruling communist party would let off the hook. and. the ruling party dominated all decisions in east germany on the same went for the judiciary the judges were of course all part of the s.c.d. and as such they

to employ them, to accommodate them in the federal republic of germany. i think you have to recall that after 1945, we have integrated over 10 million refugees from east germany. so i think even if the number keeps growing that is a magnitude we can cope with. but great willingness on our to do the best to help them and to cope with the situation. mary alice: you are saying you will continue to allow as many east germans to come into your country. to the extent that that is detrimental to the east german economy, how can west germany handle that, help east germany? >> we can extend our cooperation. we have very good corporation in the economic field, industrial, and economic connections. we have cooperation in the field of environmental problems, cleaning the rivers, cleaning the air. we have contacts with universities, we have partnerships with cities. all of these different areas can be extended considerably if this process of reforms take place. mary alice: today your government announced that they thought the wall should be taken down as soon as tomor

and the former federal republic of germany there are very deep and very substantial differences reasons missa go on to schriever this has to do on one hand that germany has always been a sovereign state and that the mentalities of the people from the east and west have always been different for she ran. the fall of the wall today for some also mentally losing their jobs and their livelihood be sure the road to a town in that to remediate state was among those towns affected this mining that was closed down in 1903 against a backdrop of protests and hunger strikes will batman bell was among those who protested he and his colleagues were laid off and where only paid a small compensation he and many people living here a disappointed liberal things this is why many people in this town would not vote for angle america's christian democratic party city who today rather the socialist left party all the far right alternative for germany ice tea party they are still very up through a real indication has changed very little and voters are now reacting because for many years the c.d.u. government

the federal republic in the west was founded on the basis of the basic law the constitution designed to protect civil liberties and to prevent a return of despotism and oppression. the opening articles of the constitution guarantee the inalienable rights of every individual. does because it's to a significant degree the basic law was a response to the weimar republic it provided far greater protection of fundamental rights it ensured far more checks and balances and equilibrium between the executive legislative and judicial branches of government and above all it safeguarded democracy he did. even before the new federal republic emerged the western powers have valued freedom of the press highly after all to form a free political will the people required free information. article 5 of the basic law guarantees freedom of expression as well as freedom of the press all citizen. as have the right to disseminate their opinions as well as the right to inform themselves without hindrance the paragraph and with there shall be no censorship. but a free press can be bothersome to those in power

and people from the former federal republic but also larger divisions about the meaning of the events here 30 years ago about the aftermath of those events about the way that unification transpired and what that meant for east german sense of identity and belonging divisions that run through families that run through a circles of friends and many of those i speak with say you know the fact is history takes a long time to play out and many of our feelings are ambivalent and that's why perhaps the commemorations here are going to include a lot of discussions that pay tribute to that sense of ambivalence when our chief political correspondent melinda crane putting it all into perspective for us thank you so much. and all this week we'll be bringing you special coverage on reports of the events which led to the full day 30 years ago that's right here on the doubly best take a look now at some of the other stories making news around the world a u.s. appeals court has ruled that donald trump's accounting firm must hand over 8 years of his tax returns to new york prosecutors manhattan's dist

and people from the former federal republic but also larger divisions about the meaning of the events here 30 years ago about the aftermath of those events about the way that unification transpired and what that meant for east german sense of identity and belonging to visions that run through families that run through a circles of friends and many of those i speak with say you know the fact is history takes a long time to play out and many of our feelings are ambivalent and that's why perhaps the commemorations here are going to include a lot of discussions that pay tribute to that sense of ambivalence when our chief political correspondent melinda crane putting it all into perspective for us thank you so much and now some of the other stories making news around the world pirates have attacked a greek oil time carol the coast of togo and taken full cream and this hostage takers navy said and security guard was shot and wounded in the attack on the el karras startle incident comes 2 days off a similar attack in the waters off neighboring benny. the mag dad at least 5 people have been k

to accommodate them in the federal republic of germany. i think i recall that after 1945, we have integrated over 10 million refugees. even if the number keeps growing that is a magnitude we can cope with. we are doing the best to help them and to cope with the situation. mary alice: you are saying you will continue to allow as many east germans to come into your country. to the extent that that is detrimental to the east german economy, how can west germany handle that, help east germany? >> we can extend our cooperation. we have very good corporation in the economic field, industrial, economic connections. we have connections in environmental problems, cleaning the rivers, cleaning the air. with partnerships and cities. all of these different areas can be extended considerably if this process of reforms take place. mary alice: today your government announced that they thought the wall should be taken down as soon as tomorrow. do you think it should be taken down? >> will i mean, that is the line of the government. that would make progres

today is also a special day for me on the 22nd of november 2005 i was elected chancellor of the federal republic of germany in the but in this time. me to my amendment and not not even in my wildest dreams could i have imagined that 4 towns would feel that after this 1st election. this is if you feel that the kind of germany that i have outlined today is not the kind of germany that you are looking for if you feel that the road that i want to go down is not the road that you want to follow then let us talk about that today and let us end it today here and now today. also on the day from mopping floors to rocking the dance floor one woman in moscow spawn her job as a janitor into spinning records in the clubs and now she's a fixture of the city's nightlife it's all about the music i can play for 5 or 6 hours. great music gives me strength and he puts me in a good mood to. come back. to our viewers on p.b.s. in the united states and all over the world welcome we start the day with a milestone chance their uncle americal came to power 14 years ago today even the chancellor herself says she never th

and people from the former federal republic but also larger divisions about the meaning of the events here 30 years ago about the aftermath of those events about the way that unification transpired and what that meant for east german sense of identity and belonging divisions that run through families that run through a circles of friends and many of those i speak with say you know the fact is history takes a long time to play out and many of our feelings are ambivalent and that's why perhaps the commemorations here are going to include a lot of discussions that pay tribute to that sense of ambivalence when our chief political correspondent melinda crane putting it all into perspective for us thank you so much. well much has changed here in berlin since the wall fell the once divided city has been reunify but as we report some divisions do you still remain. the center of berlin skyscrapers and tourists filled the streets but this was the death strip until 1909 as oh no belinda was allowed to enter get danica grew up in east berlin the wall stood right next to his home this is where he

say about it one of millions of americans who have lived in germany since the founding of the federal republic back in the 1849. my tour my time on station here been towards the end of the cold war. but my fellow soldiers and i know that. we had no idea that it wasn't tracked close to the end. we did midnight emergency drills and exercises within sight of a militarized border. that's almost made it all journey into his german posse yesterday said that with the german foreign minister heikal mass how significant do you think that was. step on bail has a german history a person all history tied to this country could in fact prove important when it comes to trying to resolve some of those issues where the united states and germany have problems and i also expect that that is the hope of german officials who have been particularly worried about u.s. foreign policy since donald trump became u.s. president who are worried about what they describe sometimes as an erratic foreign policy or it is an unpredictable foreign policy so the fact that mr pompeo has this personal connection to germany i think

than create, recreate the federal states in east germany and request concessions from the large federal republico interrupt you. ifear your line professor, i am sorry to interrupt you. ifearyour line might professor, i am sorry to interrupt you. i fear your line might be going the way of the berlin wall, so we have been losing your last few words. but we got the broad outline of it and some of the work is unfinished business when you look through the... professor, thank you very much. apologies for the problem on the line. i hope you could hear. india's supreme court has ruled in favour of a hindu claim to a bitterly disputed religious site in the town of ayodhya. the decision clears the way for a hindu temple to be built there. this place where the key hindu deity lord ram is believed to have been born. it's controversial because a 16th—century mosque that previously stood on the land was torn down by activists in 1992. the attack led to communal violence and the deaths of hundreds of people. 0ur correspondent rajini vaidyanathan is in delhi. hindu groups are celebrating here at india's supreme

audi's dirty diesel tricks one of the biggest business scandals in the history of the federal republic of germany now it is up to the courts to resolve the case. from the point of strong opinions clear positions international perspectives put country witnessing often violent protests in countless countries around the world people talking about a new global political awakening the words of the protesters have in common as well will be angry uprisings mean to us find out who the point shortly. in 90 minutes on w. . shows hello halflings this is your new ball speaking welcome to the show with the ding dong xoai high end concerts with illustrious guests. rockin sounds. and an incredible location. tonight groups every week on t w. we move into book travel now amazing time. this is t w news coming to you live from berlin a 2nd death amid hong kong's turmoil a 70 year old street cleaner coughing clashes between pro-democracy activists and police will be live in hong kong also coming up italy declares a state of emergency after catastrophic flooding in bed is the highest tides in half a centur

audi's dirty diesel tricks one of the biggest business scandals in the history of the federal republic of germany now it is up to the courts to resolve the case. and we. enter the conflict with sebastian with time running out for brussels on monday to get a back seat. who is planning to keep the blame on the bridge before we go she ations fact our guest this week here in prague is the czech foreign minister tomas patricia he has surprisingly clear differences with a government who so so why doesn't he resign sophia in 30 minutes douglas. coupland. loco to the girl next new to china. goodbye no stories. with exclusive insights. and a must see concerning parts culture to ensure a. place to be for curious minds. do it yourself networkers. some subscribers and don't miss out. on some of the adventures of the famous naturalist and explorer. simulation clicks on the phone while its 250th birthday we're embarking on a voyage of discovery. expedition was on t.w.a. plane. tut. tut. this is d.w. news live from berlin violent protests on the streets of paris demonstrations in the capital and othe

>> i think the compatriots in the federal republic of germany have received the refugees with great emotional welcome and was solidarity. indeed, the growing number of refugees creates growing problems. so far, we have been able to find employment for quite a few of them. the good state of the economy helps. we have had about 300,000 positions beginning of this week, but housing is a growing concern and a growing problem. reformss important that take place in east germany. and my government has said if these reforms take place, we are willing to do very thoughounds a bit as you're asking east germans to stay where they are? it sounds as though you are asking east german citizens to stay where they are and not come to the west? >> no, we have always said that that is their decision to take. .hey are very welcome they will receive a passport and they will receive all of the support we can give them. recall after 45 we have over 10 million refugees. even if the number keeps growing that is a magnitude we keep growing. we are doing her best to cope with the situation. mary alice: you are saying y

concerned about this russian threat, they are more than able to deal with it on their own, the federal republic germany currently spends 1 -- >> 1.1. >> 1.1% on dgp on defense. guess what, they can afford more, so it would appear that the germans and i'm not picking on them but as an example, it would appear that they are not necessarily all that concerned about a russian threat, so we should just try to keep things in perspective and not panic just because putin is a really bad guy and, you know, no need for us to pretend otherwise. >> question here in the middle. >> thank you. what should the united states reaction be to china's initiative and posture in the south china sea? thank you. >> who wants to take that? >> i will take it. i think we should be do i think pretty much what we have been doing, vis-a-vis the south china sea, don't accept territorial claims. we go within 11 nautical miles to demonstrate this is open ocean, i think we actually could do more of that, and we should be doing not just heavily armed forces but maybe other country, i think the british have done it once, we should

but our relationship with the federal republic is such that we will help if needed. so far, germany has done a magnificent job in handling those who have preceded the exodus. >> [indiscernible] president bush: i do not think any single event is the end of what you might call the iron curtain. but clearly this is a long way from the harsh iron curtain days, a long way. . >> [indiscernible] president bush: you have to say what you mean by warsaw pact. it seems to me there is a loosening up in terms of travel. thes concurring with helsinki pact, and it is a good development. our objective is that europe is whole and free. is this a step towards that? i would say yes. gorbachev talks about a common home. is it a step towards that? probably so. >> with what you just said, if this is a victory for our side, you don't seem elated. i'm wondering -- president bush: i am very pleased. i am very pleased with a lot of other developmentss. as i told you, i think the united states' part of this, which is not related to this development today taking place, is being handled in prope

have taken place in this country certainly in the eastern states of this country that's the federal republic the real unified germany over the past 4 years and they say yes the far left that's the link a party that's the party which whose ancestors used to govern east germany the communist party their ancestor plus of course as you were saying the f.t. the far right they say they look at these extreme parties and they think the extreme parties provide more of a solution to their perceived political problems than the mainstream there's certainly a feeling in other parts of east germany that the government in berlin the democratic government in berlin hasn't perhaps delivered on all the promises that predates the government's helmut kohl's government the man who was in charge of west germany who fast tracked reunification they say that well the governments his government and the ones after specifically the merkel government haven't quite delivered and that's why when they look at this from this this day of joy they say evidence also tends to with the 30 years of our experience. camera here we'

the next tame was a man who was arguably the most politically powerful people in the german federal republic. the head of the freedoms party which for 20 years about 5% or 6% of the popular vote me and decide personally whether the christian democrat or social democrats would have the premiership and the got to be foreign minister for 20 years on 5% of 6% of the voted if guess he was a pretty deposit guy but that doesn't really leak lime god's best system. >> one final question in the back. judge williams. >> if someone who is thoughts are not at all representative of a particular party, can get that party's nomination for president, does that speak ill of the prospects of the parties playing a powerful role in the future? >> well, you know, we had donald trump not endorsed by the previous republican presidential nominees or by previous republican except for bob dole did enforce him. you look black to william jennings bryanin' 1896, the incumbent democratic president did not enforce the 36-year-old former nbc collegeman for -- nebraska congressman. he was for mckinley. a break can be damagin

our relationship with the federal republic is that we would want to have help if it was need it.e who have proceeded this election. [inaudible conversation] screaming i don't say any single if it would be at the end of what you might call that, clearly this is the long way from harsh days iron curtain days. a long way from that. [inaudible conversation] >> i say you have to see what you mean by that. it seems to me that certainly that listening up in terms of travel, encourage with the - it is a very good development. our objective is all entries. i would see yes. gorbachev talks about a common home. [inaudible conversation] you don't say he related. am wondering what you are thinking. >> i am very pleased and i've been a place with a lot of brother developments. as i told you, i say the united states part of this which has brought related to this development particularly if it was handled in a proper fashion and some that will suggest more flamboyant courses of action i say handling this with allies, and this dynamic change, try to help as development takes place and try to enha

department, and an aide passed me a note saying people were allowed free transit between the gdr and federal republic of germany, and it looked like the wall might be coming down. i raised a toast to that prospect, excused myself and went to the white house to meet with president bush about what our response ought to be. i think history will clearly mark the correctness of george bush's moderated response to what was a cataclysmic event, because he knew that we still had a lot of business to do with gorbachev, and we weren't going to stick it in their eye. the answer to your question, as far as i know, we didn't have any advanced knowledge at all, intelligence or otherwise. tom: one of the things we learned in my trips back here since then, i spent the day at the stasi headquarters, the infamous group in the eastern part of germany that was arresting citizens left and right, i saw four miles of files on east german citizens, and finally that oppression, that complete pressure on east german citizens, they could not live their lives as they wanted, it broke through. i thought the wall came down mostly

the the exception to the federal republic of west germany it was presented to them basically as something without alternatives. and they accepted the price initially because they believed in the western liberal dream but as we've seen in right across the world the moment that dream is in shot is that there are many many people right from the united states right through europe who no longer believe in that dream and that is part of the reason why i think there has been a rise of nativism. in the united states in fact putting up a barrier to prevent migrants coming in to hungary for example wanting to do exactly the same thing in eastern europe but it talking about eastern you're of course you know before all of the world and giving rise to revolutions as well in eastern europe as well i mean just having a knock on effect. yes it's a question of the chicken in the egg as you know of course there were certainly things that happened at the same more or less the same time and are difficult to imagine without the moral of this particular constellation. but i think i think a major factor i menti

make a special point that those are not given tolerance and those in the republic with freedom of religion. . . . . more federal spending and higher taxes. those are the decisions people make. >> host: the cover includes the american flag and sandcastle. >> things change about bankruptcy gradually and suddenly and donald trump is part so we are taking time getting used i to it. >> host: thanks for stopping by we appreciate. >> thank you. >> in this portion of the event of formeformer google and execue

these are basic human rights on the federal rock of our republic and at the heart of american leadership in the world. i couldn't agree more with those statements. i think john sullivan and his family for being wheeling to step forward to take on this challenge. >> thank you thanks to both of you senator sullivan i know you have a commitment. >> i am a commitment also. >> you do. glad to have you. >> i want to thank all of you again for coming and john welcome we are going to hunt up like today of the honorable john sullivan to be the united states ambassador to russia. we welcome you back to the committee. thank you for your willingness to continue surfing and what is the challenging and very important role in been here before. i have no doubt that this will be a brief hearing. my colleagues will be kind and generous with you is we go through this. senators have already given deputy secretary sullivan, introduction possibly taking a few moments to take about the importance of this position. must be agree that the u.s. relationship with russia is at a low. successive u.s. presidents of b

but you do see republic used to describe a larger commonwealth style federation and i think you see commonwealthas well, but i would have to do some digging around to be certain of that answer. >> so when were kids -- we learned about the american revolution in elementary school, we learned that everybody in the country was a patriot. and as we get a little older, we learned that not so much. and i'm just sort of curious, you know, this balance between patriots and loyalists. once news of the carlisle initiative gets out, does that balance change dramatically? do more folks come over to the loyalists side? >> no. but it -- but i think that -- the thing that really surprised me, and i first stumbled onto the peace commission in my first book which is on british politics in the revolution, and i mainly looked at it from that internal debate in the house of commons and british historians just like to say they're not interested in the carlisle peace commission would be an understatement. american historians are more interested in it. what i was really struck by in my first book and i've come back to

you see republic to describe a larger commonwealth federation.uld have to do some digging around to be certain of that answer. >> when we are kids and learn about the american revolution in elementary school, we learn every country everyone in the country was a patriot, then as much. i'm curious this balance between patriots and loyalists. once news of the carlisle initiative gets out, does that balance change dramatically? do more folks come over to the loyalists side? >> no. but the thing that really surprised me, and i first stumbled on the peace commission in my first book, which is on british politics and the revolution, and i mainly looked at it in the house of commons. and to say they are not interested in the carlisle he's commission is an understatement. what i was struck by an my first book, and i've come back to it in my writings is carlisle's terms that are the alternative. i'm struck by the sense of purpose that it actually gives the british because from 78-83. if you read about what happens in south carolina, that is the darkest mom

federal statutes. as i said in the beginning, offenses against republic, serious abuses of power.udges that have all been impeached, convicted, removed, were all liable or guilty for those kinds of offenses against the country. >> professor gerhart, thank you so much. we appreciate it. >> thank you. i want to remind you to answer the survey question at smerconish.com. former president obama is a conservative. are you agreeing or disagreeing with that statement? in comparison to the other members of the field this year, i think you'd have to say yes. anyway, go vote at smerconish.com. >>> ahead he played for philadelphia eagles, finalist on "america's got talent," achievements made all the more remarkable because when he was 12 his father shot his mother. i'll talk to jon dorenbos about how he overcame that tragedy next. when the food you love doesn't love you back, stay smooth and fight heartburn fast with tums smoothies. ♪ tum tum-tum tum tums hbut mike bloomberg became thele clasguy whoho mdid good. after building a business that created thousands of jobs he took charge of a cit

the top is generally considered obviously the russian federation and the people's republic of china. was saudi arabia i think indicates that we should b concerned about countries that have i much longer history of spying in the united states and being able to pull off the same kind of thing. >> alex, we've got to run. we appreciate it i like that shot >> yeah, next door, actually >> yes yes. good to see you. thanks >> thanks. >> we're on a first-name basis >> yeah. >> i play golf -- >> augusta >> i don't know what you're talking about there. >> good answer no idea. >> when we come back, top stocks making moves ahead of the opening bell we're going to talk about deploying your money smartly with markets setting record highs almost daily maybe not today. right now it looks like the dow down by 122 points s&p futures down by 14 nasdaq off by 37 we'll talk about much more when quk x"om rhtack. >>> welcome back to "squawk box. the futures this morning pointing lower across the board today. that's a little unusual given the direction of the markets lately right now dow futures indicated do

of the biggest business scandals in the history of the federal public in germany now it is up to the courts to resolve the case. of. this republic if it digital lab lithuania and its i.t. sector. genius is a house for exciting new startups. young talents flocked to the capital while investors attack new firms in the digital economy just clarity saying. will the boom last. in 30 minutes on d w. equal opportunities for everyone regardless of ethnicity or parents unfortunately for many migrants in germany fact remains a distant dream. many companies are trying to make their application process is more inclusive but does that really help against discrimination. made in germany 90 minutes on w. b takes it personally are you ready with a little bit wonderful people in stories that make the game. so special. they're all true for. my. more than foot long line. staying informed. in language courses. video audio. anytime anywhere. w. . this is news and these are our top stories 2 students are dead and several others wounded after a mass shooting at a california high school authorities say a male student opened fire at tsongas high school

the whistle-blower and the fact that we have a federal act, the whistle-blower act of 1989 which as i said on previous programs dates back in this republico 1778 when the continental congress passed a resolution protecting whistle-blowers as it were. so it is very important that we stop using quid pro quo and start using extortion, threatening subtling and bribery and start using big words, adult words, grown-up words everybody can under stand in the public. if i say to my 17-year-old niece i'm going to give you x but i need something, though, it means there's -- you got to give me something for me to give you something. she understands that at 17. so how come we're going to act dumb and act like the president didn't know exactly what he was doing. he knew what he was doing. >> the president was at the alabama/louisiana game today and here's how he was received. listen. >> thank you all very much. god bless you. >> pretty big cheer. there much different reception he got than at the world series and usc fight. i don't know if you heard me, tara. >> that was to me. i'm sorry. >> yeah, i mean it was interesting to see because we've been wat

san francisco bay area and also at the arizona republic i covered the state capital and phoenix city hall. i've bounced around in local state and the federalgovernment. >> host: is retirement capital, any thoughts on the change vivian salama was talking it? >> guest: when obama was here it was a divisive time. you remember the tea party movement, right politics of since then has been extremely divisive. trumpfference now under t is that trump punches back at anyone who criticizes him. that was not necessarily the style in the case of president obama. let anyt trump will not attack go unanswered, if you will, and that in my observation is the biggest difference between the two president. >> host: want to get as many of of the calls in his again. natalie has been waiting at a washington, a democrat. thanks for getting up for us this morning. >> caller: just a couple of things. i been watching the hearings and i been so impressed by these people, just that they are servants to the country, i think a lyrical pundits, congressmen, senators for sure, you know, where you later politics at the door. you do that this of the people. i think we learn

republic of congo. welcome back to take a look at the day's sports news where roger federer has bounced back from losing his 1st match at the a.t.p. finals in london the 20 time grand slam champion was going for his 58 singles win in this event as he took on the 23 year old italian barrett's amy that reports after his opening day defeat to dominic team 6 time a.t.p. champion roger federer said having a day off with his kids helped him refocus ahead of tuesday's must win encounter with metairie a better team back in july the italian had offered to pay federer for the tennis lesson the swiss had given him after being thrashed in the last 16 at wimbledon a much better showing from the world number 8 this time as he took the opening set to a tie break however federal has won 20 of his 27 tired breaks this season going into this match on the freshly refocus roger had a few problems in winning tiebreaker number 21 as he took it 7 to the 2nd set although not quite a procession did share the 20 time grand slam champion getting back to somewhere near his best form or teeny showed flashes of his undoubted talent

federer meets his match in the semifinals of the a.t.p. finals in london peter happy actions. military sources in the democratic republic of congo say rebels on the allied democratic forces on group are attacking the eastern region of benny at least 15 people were killed in attacks in the same area on friday night the a.d.f. rebels are retaliating after the army and u.n. peacekeepers launched a major new offensive against a group last month it's mainly based in dense forest near the border with uganda in syria at least 1000 people have been killed in a car bomb attack in the north east the turkish defense ministry says the attack was carried out by syrian kurdish fighters but there's been no claim of responsibility they toria gate and b. as a details was the car bomb exploded in a busy residential area in the turkish controlled syrian town of al-bab this was the chaotic scene moments afterwards residents who've enjoyed more than 8 years of war have had enough was enough that i met him and we were walking and suddenly we heard an explosion haven't you had enough of this for a decade isn't it in mount their chief made us

republic marks the 30th anniversary of the u.s. embassy see it tehran. siege in judge -- tehran. a federals demanding information on the wildfires that pg&e may have caused this year. they are ordered to say how much damage has been done and how many lives have been lost. utility is under investigation for several fires in recent weeks, the largest of which has burned across the northern california wine country for a week. global news, 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am ritika gupta. this is bloomberg. haidi: thank you. it is rba decision day with the bank expected to keep rates on hold after cutting them three times so far this year. i want to show up this chart before bringing in michael for more on this story. it is one of your charts. you are looking into the reversal rates. the more households are freaking out, thinking something is wrong, better not spend. michael: there was a warning about this. mentioned at westpac the spirit he was questioning whether they would go for back-to-back cuts