jim chalmers is with us. 10:10 in sydney.fter that, the finance minister joining us live at 9:45 in hong kong, 11:40 in sydney. we will continue our conversation on the budget next with the government facing a collapse in the iron ore pric es. what does that mean for the miners? betty: later, not such a wonderful world at all at disney's television division. we will see what espn means for disney overall. this is bloomberg. ♪ yvonne: this is daybreak asia. betty: excuse me. i'm betty liu in new york. we are live here. the aussie budget sees iron or falling. joining us now is the senior analyst for metals and mining in sydney. peter, we saw in the australian budget, there was forecast for iron or budget by march. you mentioned in your notes, if you look at the budget to give you a forecast on where iron ore prices go but how accurate you think they were in their forecast?/ peter: the $55 number resonates on what we expected, but you said $55 per ounce. it is per ton. betty: excuse me. peter: it is the normalized price for iron