haidi: georgina mckay with the latest on the virus outlook.sts are adjusting policy as well in terms of expectations. sophie kamaruddin has the morning calls. the latest when it comes to the trajectory. people are scrambling to reassess at morgan stanley. sophie: economists seeing a disruption to the near term outlook, which will prompt the rba to downgrade the 2021 forecast and likely delay tapering until november which morgan stanley says could put downside pressure on the aussie dollar and the belly of the yield curve but flipping the page, the medium-term outlook remains robust on the accelerated back and roll out into the fourth quarter. as georgina mckay pointed out, more fiscal support coming through so the rba resuming its tapering path in november. to finish that up i august of next year. one quarter later than initially forecasted and we have morgan stanley expecting that rate lift off to still happen in the second quarter of 2023, haidi. haidi: let's take a look ahead for australia and new zealand. we will be getting the outlook for

joining us now with the latest is georgina mckay.w yesterday's case numbers reaching a record high. what is the response given that we sort of jokingly but also throw our hands up talking about this as a kind of lockdown lite. georgina: good morning. w>gk(-■%■sydney rec8 cases in the community yesterday, and over half of those cases came from areas in sydney's southwest and today, state police launched an operation in this area to up the police presence in this part of the city, targeting those who are not complying. this is a lockdown lite. there are hard restrictions as we have seen in melbourne in the past. the state government is begging people to stay home. it is saying case numbers are too high. the reality is, this lockdown could very well be extended the arms next friday. some sydney residents are not as diligent about weighing home this time around because they can look overseas nce economies opening up and death rates declining. shery: we sound like a broken record now. in the vaccine rollout, what is being done to speed up

let's bring in georgina mckay.the case numbers dip slightly but this does not suggest a trend. now that the financial elements are in place, can we finally see some of these stricter lockdown measures for businesses? >> that's right. yesterday's case numbers dipped to 89 from 112 the day before and that number is likely to bounce around. the numbers may go up again this week. there's apparently thousands of people that have been listed as close contacts so we might expect a rise. the number of people in hospitals is also increasing. people admitted -- intensive care. as you said yesterday, the state and federal government announced a joint economic package for those who have lost work and for affected essences. i would say that the lockdown announcement is imminent. perhaps this morning, we might hear from the premier regarding this extension announcement and we are looking around for weeks to six weeks, local media has been predicting, but that may change. >> business confidence almost halved in june and goldman s

haidi: georgina mckay with the latest.challenges the delta variant is creating in australia, it is driving waves of new infections in countries and communities that have struggled to vaccinate their populations. robert gallo is a religious and directs the institute of human virology at the university of maryland school of medicine and he serves as international scientific advisor. always a pleasure having you here on bloomberg so when you take a look at the spread of delta and the potential development of new variants, how much caution should be assigned to the reopening up? take a look at the u.s. and the u.k., and it feels like, psychologically, people want to forge ahead with getting back to normal even with this new strain. robert: understandable. when it is early and when you are seeing these observations that the early period of this new variant is very difficult for anyone, including any scientists, any virologist, to give accurate predictions of what to do. of course, the best argument is to err on the side of safe

shery: georgina mckay with the latest on australia's fire outbreak.r exxon now saying the hong kong listing retail offer was 14.7 times covered. we are hearing that the listing is of the shares coming in at 165 hong kong dollars each. this would raise a net 13.8 billion hong kong dollars in that hong kong listing that we have been awaiting from electric vehicle maker -- its arrival to tesla in the chinese market, we heard a few weeks back that it was going to be becoming the first chinese ev producer to finish a so-called homecoming share sale. the firm sold 85 million shares at 165 hong kong dollars each and that's according to an exchange filing on wednesday. we are now getting confirmation that they are raising a $13.8 billion in that hong kong listing to become the first ev maker to complete their homecoming listing. haidi. haidi: with lots more to come no doubt. let's get more on this virus flare in australia. the central bank is still likely to gently iranian some of its emergency stimulus to reflected the australian economy's post-pandemic reco

shery: georgina mckay in sydney with the latest on the coronavirus outbreak.m goldman sach'' andrew tilton. and some of those forecasts for third-quarter growth, given the spread of the delta variant. this is bloomberg. ♪ (announcer) back pain hurts, and it's frustrating. you can spend thousands on drugs, doctors, devices, and mattresses, and still not get relief. now there's aerotrainer by golo, the ergonomically correct exercise breakthrough that cradles your body so you can stretch and strengthen your core, relieve back pain, and tone your entire body. since i've been using the aerotrainer, my back pain is gone. when you're stretching your lower back on there, there is no better feeling. (announcer) do pelvic tilts for perfect abs and to strengthen your back. do planks for maximum core and total body conditioning. (woman) aerotrainer makes me want to work out. look at me, it works 100%. (announcer) think it'll break on you? think again! even a jeep can't burst it. give the aerotrainer a shot. pain and stress is the only thing you have to lose. get it and ge