problem so when you see scott morrison the current prime minister or the previous prime minister malcolm turnbull talking about the disastrous drought that's hit farmers on the t.v. in the corner of your office or when you're a high do you look at that and roll your eyes think here we go again. if we go again yeah. you know there's a government to do and of course you know when you've got the media is saying these people are doing it tough. and we are sympathetic government. in. a lot of politicians give in and say well let's throw a bit of money at them. i suppose what i would say is think seriously about how you want to throw that money if you throw it or subsidies you just perpetuating the problem. yes there will be some households who fall into poverty just as some people become unemployed well let's find a safety net to look after people in small business some farmers fall into poverty and of course also to some other small businesses you know people who are providing farmers with machinery fertilizer and all that sort of thing but also lots of small businesses and restaurants in. running to

-- was forced to step down, mainly because of her aborted effort to bring in a carbon -- and malcolm turnbull forced to abandon his plan for a national energy guarantee and lost his job anyway with an internal party coup. ist this tries to do reintroduced the national energy enshrining carbon and commission reduction targets into a broader plan for more stability. the question is whether they can actually get that energy guarantee through, because if they have a majority and the other half dozen, it is possible that the other half may block it. blocking this plan, there is still a lot of uncertainty whether anything can get through parliament. energy toward projects and enhancing -- if nothing else, this is probably the boldest statement we've had on climate change, in an effort to tackle climate change in australia. heidi: what has been the response? >> predictably, they have not been supportive. they called it a breaking ball. >> to quote miley cyrus. >> and from a national interest point of view, why would you go past the paris climate target, which is a minimum 26% target, when you don't

some parties saying it will still blame mark -- malcolm turnbull apparently.ching out to the base. ahead looking pretty bad of the federal election next year. that is just about it for daybreak australia, but daybreak asia is next. look at how trading in new zealand is getting underway. we are getting underway when it comes to trading in australia, seeing pretty flat session so far, looking like a down start to the day in sydney when ozzie stocks come online -- ozzie stocks come online. this is bloomberg. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. haidi: good morning. i am haidi stroud-watts in sydney. good evening from new york, i am ramy inocencio. s

expect the defeat for the liberals was partly a backlash against the august co up that toppled malcolm turnbull. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am tom mackenzie. this is bloomberg. president trump could be facing another investigation after a top democrat on the house committee said he is planning to look into the president's ties to saudi arabia. let's get more from our editor ros krasny in washington. this is topical given the conciliatory tone he took in the wake of the murder of jamal khashoggi and his defense of the alliance with saudi arabia. ros: president trump has kind of been an army of one in his stomach defense, and lawmakers on both sides of the aisle, republicans and democrats criticizing his comments. we have had republican senators bob corker, joni ernst, all coming out against the town the president has taken, but they trump verbally, but really it is the democrats who will take up the cudgel in terms of possible investigations in the house. that is what adam schiff wa

problem so when you see scott morrison the current prime minister or the previous prime minister malcolm turnbull talking about the disastrous drought that's hit farmers on the t.v. in the corner of your office or when you're a high do you look at an roll your eyes think here we go again. if we go again yeah . you know there's a government to do and of course you know when you've got the media is saying these people are doing it tough. and we're sympathetic government. in. a lot of politicians give in and say well let's throw a bit of money at them. i suppose what i would say is think seriously about how you want to throw that money if you throw it or subsidies you just perpetuating the problem. yes there will be some households who fall into poverty just as some people become unemployed well let's find a safety net to look after people in small business some farmers fall into poverty and of course so also to some other small businesses you know people who are providing farmers with machinery fertilizer and all that sort of thing but also lots of small businesses and restaurants in. running touri

problem so when you see scott morrison the current prime minister or the previous prime minister malcolm turnbull talking about the disastrous drought that's hit farmers on the t.v. in the corner of your office or when you're a high do you look at an roll your eyes think here we go again. if we go again yeah . you know there's a government to do and of course you know when you've got the media is saying these people are doing it tough and we are sympathetic government. a lot of politicians give in and say well let's throw a bit of money at them. i suppose what i would say is think seriously about hey you want to throw that money if you throw it is subsidies you just perpetuating the problem. yes there will be some households who fall into poverty just as some people become unemployed well let's find a safety net to look after people in small business some farmers fall into poverty and of course also to some other small businesses you know people who are providing farmers with machinery fertilizer and all that sort of thing but also lots of small businesses and restaurants in. running tourist acti

basically backlash against the august 2 which is what toppled your father, the prime minister malcolm turnbullo that? >> possibly. i think the numbers speak for themselves. but what i think it speaks to is that people are unhappy with the prevailing policy and message from the liberal party. unless that changes, regardless of who is in the party, they will continue to find elections and public feedback challenging. >> all right. we will leave it there. alex turnbull, joining us from singapore. and you are watching commodities. >> heavy metals. we are looking at the prices of and it reallye, doesn't matter which exchange you look at. we are looking at rebar prices in shanghai also down. let's get a sense of why this is happening. our metals and mining reporter is with us to help explain why things are on the way down. quite a dramatic two weeks for iron ore prices. they were once thought to be in a bull market and now they are back at a $69 level. as you mentioned, prices are also going down. the reason for this is because iron ore is used to make steel, and right now steel margins in china are

prime minister malcolm turnbull failed to pass a reform bill that include goals and properly ousted foris party for proposing it. strip the rain forest of protections, possibly clearing the way to logging on such skill to ensure climate change. -- protest emmanuel macron's climate friendly tax on gasoline and diesel. france, brazil, australia and the united states all members of the g20. it goes on to talk about the issues and the impact worldwide. the president is set to travel to the g20 this week. when it comes to brazil, the united nations was supposed to home -- host a climate change meeting for the united nations in the future and that has been -- brazil backed out of that meeting and they say it comes about a month before the inauguration of the president-elect -- his incoming foreign minister, a career diplomat called the movement to -- ce global warming that is in the new york times this morning. bob in ohio on the administration's treatment of climate change. caller: i disapprove because everything that is going on has happened in the past and it will continue to live nobody d