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Apr 26, 2022
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shery: will the federal election, play to the rba's thinking?i think the rba will want to see the election out of the way before it starts adjusting policy. therefore, i don't see a rate hike next week. even in early june, it is a question mark. it depends on the cpi and wage data. privacy the most likely outcome, or timing for the rate hike being in july. shery: you mentioned wages. . this chart on the bloomberg is showing that we continue to see hiring in australia, but necessarily wages catching up. when will that happen? tuuli: wage inflation in australia has been quite a contained and muted factor recently. i think we will see a pickup in which inflation simply because australia has reached full employment and we are seeing labor shortages. i think wage gains will accelerate 3% by mid-year, and at -- and that will help keep inflation sustainably within the rba's inflation target. haidi: where to, when it comes to the aussie dollar then? we have seen a pullback. is there a level the ec of being fair value, where the rba -- is there a level w
shery: will the federal election, play to the rba's thinking?i think the rba will want to see the election out of the way before it starts adjusting policy. therefore, i don't see a rate hike next week. even in early june, it is a question mark. it depends on the cpi and wage data. privacy the most likely outcome, or timing for the rate hike being in july. shery: you mentioned wages. . this chart on the bloomberg is showing that we continue to see hiring in australia, but necessarily wages...
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Apr 5, 2022
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bond investors will be passing rba -- parsing rba statements. much a coin toss when it comes to the may rate hike probability at this point. new zealand, with the upside of about 0.25%. the kiwi dollar just under $.70 u.s. the aussie dollar had been the best performer in the g10 space. we may be running into a little bit of resistance before the rba meeting, shery. shery: our next guest says he is holding a more moderate conviction in markets. with us now is kerry craig, global market strategist at j.p. morgan asset management strategist -- asset management. you are still not expecting an outright recession. why? kerry: good morning. there is not much in the economy to signal we would see that kind of weakness that would lead to recession. we still have very strong household balance sheets, strong corporate balance sheet, and we still see decent momentum around the world. we still have parts of the world that are reopening from covid. with inkwell slower growth --we think while slower growth rates are possible, contraction of the economy -- it's
bond investors will be passing rba -- parsing rba statements. much a coin toss when it comes to the may rate hike probability at this point. new zealand, with the upside of about 0.25%. the kiwi dollar just under $.70 u.s. the aussie dollar had been the best performer in the g10 space. we may be running into a little bit of resistance before the rba meeting, shery. shery: our next guest says he is holding a more moderate conviction in markets. with us now is kerry craig, global market...
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Apr 4, 2022
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haidi: the rba's under pressure to begin tightening monetary policy. the economy has been gathering speed. we will have a preview this hour. our next test says attempting a soft landing and it is like mciver defusing a bomb. this is bloomberg. ♪ >> the yield curve inversion. >> the inversion of the yield curve raises the >> risk of recession. that is a more challenging environment for equities. >> it's telling you the economy is strong today but may not be in the future. >> you need to dust off the checklist for a recession. >> it's telling us the fed policy reaction function right now has moved very much toward fighting inflation. >> in terms of the bond market of yield curve inversion -- >> this is where the debate is being had. >> this is the markets adjusting at a much faster pace. >> the fed needs another level -- another letter to pull on. >> expect them to be even more hawkish. shery: some of our guests on bloomberg on what the yield curve inversion could mean, including recession risk. our next guest says jay powell attempting a soft landing is
haidi: the rba's under pressure to begin tightening monetary policy. the economy has been gathering speed. we will have a preview this hour. our next test says attempting a soft landing and it is like mciver defusing a bomb. this is bloomberg. ♪ >> the yield curve inversion. >> the inversion of the yield curve raises the >> risk of recession. that is a more challenging environment for equities. >> it's telling you the economy is strong today but may not be in the...
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Apr 3, 2022
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shery: it's not just the rba this week, right, we do have the rba rate decision as well, but they havenother issue, growth perhaps not keeping up with it what are we expecting? katrina: we are expecting that the bank of india will keep rates steady this month. what's interesting to note is whether the rba changed their stance from being accommodative to neutral. in india they have this very strong cpi growth at the moment. they have elevated food prices, the ongoing issue of high energy costs, so they will have to do something to start to anchor those elevated inflation expectations if they will not want to move on the policy rate at this stage. shery: we do have a few inflation numbers coming out this week. i wonder how the shanghai lockdown and the ongoing infections in china will spill over to the rest of asia when it comes to the inflationary outlook. katrina: that is a good question. what we are expecting for all those inflation prints coming out this week, you mentioned south korea, philippines, thailand. we expect some sort of acceleration in those inflation prints. in addition
shery: it's not just the rba this week, right, we do have the rba rate decision as well, but they havenother issue, growth perhaps not keeping up with it what are we expecting? katrina: we are expecting that the bank of india will keep rates steady this month. what's interesting to note is whether the rba changed their stance from being accommodative to neutral. in india they have this very strong cpi growth at the moment. they have elevated food prices, the ongoing issue of high energy costs,...
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Apr 5, 2022
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patience demise from the rba, the euro is lower. more sanctions may come. what form could that take in terms of the energy complex, according to macron? it looks like we are at a tipping point. macron talks about the eu sanctioning oil and coal from russia. we are now pricing in a 70 percent probability of rates being 2.5% by christmas. dani: christmas comes not early, but you can sign a breath of relief. unchanged pretty much everywhere. euro stoxx 50, 0.3%. 0.1% decline from s&p futures. tech outperformed yesterday. not a lot going on in equities this morning. manus: maria tadeo has the latest on the war in ukraine. jp morgan is reviewing commodity exposure. laura wright has the latest on elon musk. juliette saly has more on the markets. dani: the u.s. treasury has halted dollar debt payments from the russian government accounts. this comes after those alleged atrocities committed by russian troops in the ukrainian town of bucha were discovered. the u.s. and europe are promising more sanctions, but what will they likely be and how effective will they like
patience demise from the rba, the euro is lower. more sanctions may come. what form could that take in terms of the energy complex, according to macron? it looks like we are at a tipping point. macron talks about the eu sanctioning oil and coal from russia. we are now pricing in a 70 percent probability of rates being 2.5% by christmas. dani: christmas comes not early, but you can sign a breath of relief. unchanged pretty much everywhere. euro stoxx 50, 0.3%. 0.1% decline from s&p futures....
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Apr 26, 2022
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while the inflation number does point to the rba -- will be on the rba's target of 2% to 3%, i think answer to your question depends on the evolution of labor costs. today, we feel like august is the likelihood of the first rate hike. having said that,, we have elections in may, so the june and july meetings are very live, based on the fact that in june and in may, if we see the unemployment numbers remain at or below -- and this is coupled with the commission review in july where we expect minimum wage is be lifted up slightly. if that goes hand-in-hand, we may see a slightly higher rate hike -- slightly earlier rate hike, compared to our likelihood of august for the rba. haidi: we are seeing that china is turning more to infrastructure spending, construction spending, the old playbook when it comes to stoking growth. is that enough to inject a bit more confidence into investors? mahjabeen: policy response to date has been a bit underwhelming for investors. but we need to know that china has signaled strongly that we have additional fiscal stimulus coming. maintaining household inco
while the inflation number does point to the rba -- will be on the rba's target of 2% to 3%, i think answer to your question depends on the evolution of labor costs. today, we feel like august is the likelihood of the first rate hike. having said that,, we have elections in may, so the june and july meetings are very live, based on the fact that in june and in may, if we see the unemployment numbers remain at or below -- and this is coupled with the commission review in july where we expect...
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Apr 28, 2022
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repricing from the rba is well.hearing from some saying australian government bonds are starting to look attractive to longer-term investors because markets are now going too far in pricing in interest rate hikes for the rba. saying it is pricing steeper than the average, but the terminal rate could probably be too much. shery: perhaps not that attractive when it comes to u.s. stocks after hours. apple did beat on sales and profit, but they continue to see supply chain disruptions and that is hitting the stock after hours. look at the amazon plunge of more than 9% after they came out with a forecast for sales being sluggish. they are feeling the impact of inflation eating into their low-margin business. not to mention intel the issue is lackluster. the forecast did not look that great and there are fears we are headed towards the peak of the semi conductor demand. twitter continues to lose ground after hours. a little more of a sense of elon musk's plans that includes job cuts. haidi: let's get more on the tech earn
repricing from the rba is well.hearing from some saying australian government bonds are starting to look attractive to longer-term investors because markets are now going too far in pricing in interest rate hikes for the rba. saying it is pricing steeper than the average, but the terminal rate could probably be too much. shery: perhaps not that attractive when it comes to u.s. stocks after hours. apple did beat on sales and profit, but they continue to see supply chain disruptions and that is...
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Apr 27, 2022
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what are we expecting from the rba next week? garfield: it is hard to see how the rba does not raise rates next week. if it does not it is going to have to do a lot of talking about what it plans to do when it does raise rates. it is impossible for it to stick to the idea that interest rate increases are any distance away. it might will be that they effectively lay out and say look, when we move the first thing we will do is not necessarily go to .25 from .1 but go to .5. the market is very much indicating that it expects rapid rate hikes once the rba gets going. the analyst unity seems to be split between those who think they will be 15 basis points were short next week. others are saying look, we are in the middle of an election campaign and a 15 basis point rate hike does not do that much for you. so the rba might be more likely to wait until june when will have a fuller suite of data, and then moved from .1 directly to .5. shery: garfield reynolds there with the latest on where the rba and the boj could be headed. let's get t
what are we expecting from the rba next week? garfield: it is hard to see how the rba does not raise rates next week. if it does not it is going to have to do a lot of talking about what it plans to do when it does raise rates. it is impossible for it to stick to the idea that interest rate increases are any distance away. it might will be that they effectively lay out and say look, when we move the first thing we will do is not necessarily go to .25 from .1 but go to .5. the market is very...
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Apr 5, 2022
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there's certainly an element of hawkishness returning to the rba.about patientce yesterday, but is it a hawkish old? the aussie dollar seems to think so, bond markets seem to think so. the aussie jumping the most in about three weeks. we also see the pretty big move when it comes to the three year yield and a 10 year yield. bonds falling in the wake of the increased debt on higher interest rates. this is what we are seeing now from the three son attends. -- the threes and the tens. that would be the strongest since june. we have come back a little but all this after the rba scrapped the reference to remaining patient on policy in a post meeting statement. as we look at rates pricing, 57% , 50% odds on monday. also started betting on a cash rate that will sit at about 2% by the end of the year. of course sitting at that 0.1%. shery: take a look at futures. we are seeing a little bit of upside. .1%. this of course after we had stocks and bonds falling here in new york. tech stocks led lower given the hawkish comments coming from fed governor brainard
there's certainly an element of hawkishness returning to the rba.about patientce yesterday, but is it a hawkish old? the aussie dollar seems to think so, bond markets seem to think so. the aussie jumping the most in about three weeks. we also see the pretty big move when it comes to the three year yield and a 10 year yield. bonds falling in the wake of the increased debt on higher interest rates. this is what we are seeing now from the three son attends. -- the threes and the tens. that would...
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Apr 6, 2022
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bill evans bringing forward the rba rate hike to june. bill evans expecting australia central bank to begin the interest rate hiking cycle in august. had that been the previous call, now they are moving the forward to june. we are seeing some segments of the market believing we will see the first rate hike as early as may. this as we heard from the deputy governors saying that she believes the rba has an opportunity to get that inflation level sustainably within two percent to 3%. the fed sounding more hawkish about going to production of the balance sheet as well as proceeding with rate hikes. we are seeing some big banks moving there rate hike expectations amid tightening cycles. let's get to vonnie quinn now. vonnie: u.s. treasury secretary says the u.s. will not take part in some g20 meetings if russia is allowed to participate. she was also asked about possible action against china in the event it moves against taiwan. she said the biden administration would be prepared to use it sanctions to was against beijing as it has done agains
bill evans bringing forward the rba rate hike to june. bill evans expecting australia central bank to begin the interest rate hiking cycle in august. had that been the previous call, now they are moving the forward to june. we are seeing some segments of the market believing we will see the first rate hike as early as may. this as we heard from the deputy governors saying that she believes the rba has an opportunity to get that inflation level sustainably within two percent to 3%. the fed...
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Apr 5, 2022
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haidi: it is really federal reserve hawkishness pit also increased rba hawkishness when it comes to the start of trading in the asian session. the prospect of further sanctions on russia, implications for inflation and the global economy also pushing risk sentiment to the downside. futures looking like a downside of over .5% when we get into the cash trading in about one hour. the aussie dollar still holding onto most of it gains. it was trading over $.76 the we are just under that at the moment but still quite a bit of strength for the best-performing g10 currency of the year. the big move when it comes to the 10 year yield, jumping to 292, the highest since 2008. this comes after we saw treasuries slumping. the fed governor calling for early rapid reduction of the balance sheet with esther george saying fist -- 50 basis points must also be under consideration as well all this adding to the rba dropping is language around patience, and that's all the start of that being dropped across not just 10 year about three year as well. the three year yield rising about four basis points to over
haidi: it is really federal reserve hawkishness pit also increased rba hawkishness when it comes to the start of trading in the asian session. the prospect of further sanctions on russia, implications for inflation and the global economy also pushing risk sentiment to the downside. futures looking like a downside of over .5% when we get into the cash trading in about one hour. the aussie dollar still holding onto most of it gains. it was trading over $.76 the we are just under that at the...
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Apr 19, 2022
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a hawkish tone from the rba. yvonne: yeah, the rba minutes talking about wage growth, faster core cpi is the reason they might have to push for their time when it comes to rate hikes. you are seeing yields spiking once again in australia. on the others of that is china support. we saw in the last 72 hours quite a lot of action. they went forward with the rrr cut on friday but they did refrain from cutting policy rates. you have a slew of measures that came out yesterday after that weak march activity data we got. everything from banks urging to expand lending, to small and medium businesses, trying to get to some of the most struggling parts of the economy as well. take a look at what happened in march because if you thought that was ugly, everyone thinking april can look worse. given what we saw when it comes to consumption which collapsed amid some lockdowns. you also have unemployment spiking as well. a lot of key questions on what this means or policymaking moving word. certainly we saw a lot of action the la
a hawkish tone from the rba. yvonne: yeah, the rba minutes talking about wage growth, faster core cpi is the reason they might have to push for their time when it comes to rate hikes. you are seeing yields spiking once again in australia. on the others of that is china support. we saw in the last 72 hours quite a lot of action. they went forward with the rrr cut on friday but they did refrain from cutting policy rates. you have a slew of measures that came out yesterday after that weak march...
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Apr 11, 2022
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cash rate hikes, we believe, are even more than adequately priced so it speaks to what we think the rbaver. we have not seen that since 2014. what we want to highlight to investors is the bond landscape has changed markedly in just a few months. it has been so quick that people have not realized how much things have changed here. it has been many years with cash rates at zero, bond yields very low and very unappealing levels that investors need to come back and look at the fixed income market because they really contesof shery: beverly morris, it was fairly good talking to you -- beverley morris, it was really good talking to you. all of those moves very evident across the bond space. we are seeing that bond rise continue globally and we are talking about the australian 10 year yield at the highest since 2015. we have seen it now, top 3% for the first time since july of 2015. and we continue to watch for more indications about the strength of the australian economy with the rba. turning a little bit more hawkish, dropping its patient stance when it comes to the rate hikes. we have austr
cash rate hikes, we believe, are even more than adequately priced so it speaks to what we think the rbaver. we have not seen that since 2014. what we want to highlight to investors is the bond landscape has changed markedly in just a few months. it has been so quick that people have not realized how much things have changed here. it has been many years with cash rates at zero, bond yields very low and very unappealing levels that investors need to come back and look at the fixed income market...
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Apr 6, 2022
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traders are ramping up these fats, the rba will list in june, possibly as early as may.have had some watermarks from board members pushing bets on rising rates. >> you mentioned michelle bullock, that deputy reserve bank of australia governor talking about an opportunity to get inflation within the target band, labor markets types, but the missing piece of the puzzle is wages growth. bullock told that panel that liaison from the rba on the ground suggests employers are looking at wages and the wage rises can be on the way. the system governor also spoke, he said the liaison program is hearing of rising prices on the ground. this information, they are getting in advance of official statistics numbers david this sees traders fitting, we are going to see a rise sooner rather than later, a 70% chance of a 50 basis point rise in may, and goldman is talking about a rise in june, subsequent rises after that which will put the cash rate at 0.75% in august. shery: we have an alert on petrobras, we had seen recently the head of petrobras, the oil company in brazil, being sacked by
traders are ramping up these fats, the rba will list in june, possibly as early as may.have had some watermarks from board members pushing bets on rising rates. >> you mentioned michelle bullock, that deputy reserve bank of australia governor talking about an opportunity to get inflation within the target band, labor markets types, but the missing piece of the puzzle is wages growth. bullock told that panel that liaison from the rba on the ground suggests employers are looking at wages...
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Apr 10, 2022
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a little bit of two much for the rba.here are a little bit in the situation where the labor market is doing great. we need to see whether as the rba told as of now they need to see whether inflation will remain above target for a longer timeframe. they want to know whether the windfall if we can call it this remains. we have to increase rates most likely in may. because of the fed. because of the windfall. the rest of the world is worried about growth but not us trillion -- but not australia. haidi: australia is worried about cost-of-living. in particular when it comes to in asia you see the more extreme end of the problem with the likes of pakistan, the economy of sri lanka. is it a year where the emerging theme of political risk as a result of inflationary pressures and defense becomes more apparent? >> absolutely. we have been talking about this since 2015. sri lanka was in the headlines they received a bilateral loan from china, which helped. it was 400 million at the time. this time around is much worse. since 2015 s
a little bit of two much for the rba.here are a little bit in the situation where the labor market is doing great. we need to see whether as the rba told as of now they need to see whether inflation will remain above target for a longer timeframe. they want to know whether the windfall if we can call it this remains. we have to increase rates most likely in may. because of the fed. because of the windfall. the rest of the world is worried about growth but not us trillion -- but not australia....
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Apr 28, 2022
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the big fed decision and to rba decision. -- to be extended.ydney futures looking pretty outpaced. .7 percent higher as indicators -- we are watching the 10 year yield in australia because -- are saying above 3% treasuries of the same 10 year at .75%, but it's trillion bonds are looking attractive. perhaps the market is starting a steeper move than what we will actually get from the rba, which are expected to move with the interest rate hike next week. watching new zealand as well. a pretty flat start this morning. tourism stocks in particular with tourism reopening for the country set to have borders reopened the visitors. dollar-yen and focus. further volatility expected as we see a falling to the 20 year low. the volatility for the dollar yen at the highest since the peak in 2020. sheri: we want the -- also because of dollar strength. we had the dollar index at a 20 year high. the bloomberg dollar index at a two year high. perhaps that is why we are seeing pressure on commodities. the asian session under pressure despite the fact we may be s
the big fed decision and to rba decision. -- to be extended.ydney futures looking pretty outpaced. .7 percent higher as indicators -- we are watching the 10 year yield in australia because -- are saying above 3% treasuries of the same 10 year at .75%, but it's trillion bonds are looking attractive. perhaps the market is starting a steeper move than what we will actually get from the rba, which are expected to move with the interest rate hike next week. watching new zealand as well. a pretty...
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Apr 29, 2022
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a host of fed decisions on deck and central-bank decisions including the rba and vanke of england.hear from the fed chair on wednesday. u.s. payrolls report this coming friday one week from today. let's get to matt hornbach, bob miller, kathy jones for the rapidfire round. you know how this works. three quick questions and answers. let's start with where does the fed peak this hiking cycle? pick a number. matt hornbach. matt: 3.75%. jonathan: kathy jones. kathy: 2.75%. jonathan: bob miller. bob: i will take the middle. 3%. jonathan: there we go. second question. hi yields from where they are now, spreads wider or tighter by year-end? bob miller. bob: wider. jonathan: kathy jones? kathy: wider. jonathan: matt hornbach? matt: tighter. jonathan: tighter? interesting. final question. 2-10s, call it 19. steeper or flatter by year-end? kathy? kathy: flatter. jonathan: bob. bob: deeper. jonathan: matt. matt: flatter. jonathan: to the three of you, thank you, matt hornbach, kathy jones. that does it from us. we will see you next week. this was bloomberg real yield. this is bloomberg tv. ♪
a host of fed decisions on deck and central-bank decisions including the rba and vanke of england.hear from the fed chair on wednesday. u.s. payrolls report this coming friday one week from today. let's get to matt hornbach, bob miller, kathy jones for the rapidfire round. you know how this works. three quick questions and answers. let's start with where does the fed peak this hiking cycle? pick a number. matt hornbach. matt: 3.75%. jonathan: kathy jones. kathy: 2.75%. jonathan: bob miller....
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Apr 20, 2022
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shery: hawkish comments from the rba bringing forward the timing of the first rate hike, and hawkishom the fed is being felt across the u.s. bond market space, we are talking about 10 year real yields turning positive for the first time in two years, really making a difference in showing the clearest sign that the fed's hawkish shift is really being felt across the interest rate space. we have seen real yields rising about 100 basis points or more since early march, bond market really moving away from stocks and that could have ripple effects towards the broader markets. let's bring in our chief economics reporter, because we are now seeing implications for rate divergence, ruth, let me start with you. the japanese yen continues to weaken, what are we expecting from policymakers? >> absolutely. the yen can seem to catch a break. it's a one-way macro to peak selling the yen. we are talking about the peak, near that level today. 129, heading towards 130. the more intervention ahead through bond purchases. haidi: the other big news story is this breathtaking turnaround when it comes to
shery: hawkish comments from the rba bringing forward the timing of the first rate hike, and hawkishom the fed is being felt across the u.s. bond market space, we are talking about 10 year real yields turning positive for the first time in two years, really making a difference in showing the clearest sign that the fed's hawkish shift is really being felt across the interest rate space. we have seen real yields rising about 100 basis points or more since early march, bond market really moving...
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Apr 4, 2022
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oil price rise has pushed down growth prospects, inflation, so [indiscernible] most people expect the rbarecovery in the next policy meeting. haslinda: that seems like they are more concerned about growth. should it be that way? >> we are no longer in an ideal situation, so as i said, this is a situation where growth has been recovering, the government is not in a spot to push up growth. higher than expected. [indiscernible] the rbis has been struggling in maintaining inflation targets. [indiscernible] this is a problem and i don't believe it will change in the next policy meeting. rishaad: quick question about indian bonds. could it be something, and are you concerned? wouldn't this inclusion expose india to external risks? >> [indiscernible] the expectation is the deficit would be closer to gdp. because of the expected higher price of oil, possibly going up to $100, [indiscernible] the question is, how will the rba manage this? it can push any exchange, but the point is, to what extent are they going to manage the depreciation of the rupee? it could be expansionary, but also -- it's a q
oil price rise has pushed down growth prospects, inflation, so [indiscernible] most people expect the rbarecovery in the next policy meeting. haslinda: that seems like they are more concerned about growth. should it be that way? >> we are no longer in an ideal situation, so as i said, this is a situation where growth has been recovering, the government is not in a spot to push up growth. higher than expected. [indiscernible] the rbis has been struggling in maintaining inflation targets....
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Apr 19, 2022
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against nearly every one of its peers right now, that sort of policy divergence narrative, very strong rba, hawkish told -- tells as far as those meds are concerned. we 19 days into april, and the dollar-yen his yet to close lower than one. 12 was a record for 13 days would make history, at a zero to that, 130 we are on dollar-yen. dani: let's turn to china where the central bank has announced its measures to help an economy that has been hit by lockdowns to control the current covid outbreak. but the focus on boosting credit likely means the chance for broad-based using is sinking. joining us now is bloomberg's china economy reporter. thompson what has the government economic response to the lockdowns been and how effective do we assume it will be? tom: it's a serious situation for china's economy. it got the third of the country in some form of lockdown. the pboc is responding by easing military -- monetary policy. it is worried about doing that and time when the fed is tightening, is worried about capital outflows and replacing a bubble in the property market. what we are seeing is the
against nearly every one of its peers right now, that sort of policy divergence narrative, very strong rba, hawkish told -- tells as far as those meds are concerned. we 19 days into april, and the dollar-yen his yet to close lower than one. 12 was a record for 13 days would make history, at a zero to that, 130 we are on dollar-yen. dani: let's turn to china where the central bank has announced its measures to help an economy that has been hit by lockdowns to control the current covid outbreak....
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Apr 1, 2022
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vonnie: in a statement from the treasurer, bullock was appointed to a five-year term, joining the rba25 as an analyst and held a number of senior positions at the bank, including her role as subsistence governor since 2010. india says it plans to sell 120 -- $112 billion a fiscal bond starting in april. that is 59% of its full-year target and is largely in line with previous years. a record supply of $190 billion, with local yields already under pressure from higher oil prices and new upgrades. the opec-plus group has refused to deviate from its schedule of gradual production increases, ratifying a hike scheduled for may. opec also offered to exclude national production data, a minor technical change reflecting a deepening rift between institutions. russia plans to keep supplying gas to european customers even as it demands payments be made in rubles. president putin said the country will comply with all contractual obligations and insists on being paid for the fuel in rubles, planning a decree that states shipments will be stopped friday for those who do not. part two of shanghai's f
vonnie: in a statement from the treasurer, bullock was appointed to a five-year term, joining the rba25 as an analyst and held a number of senior positions at the bank, including her role as subsistence governor since 2010. india says it plans to sell 120 -- $112 billion a fiscal bond starting in april. that is 59% of its full-year target and is largely in line with previous years. a record supply of $190 billion, with local yields already under pressure from higher oil prices and new upgrades....
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Apr 1, 2022
04/22
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BLOOMBERG
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senate judiciary committee is voting on judge jackson.also an rba decision with industrial production day. kailey: coming up wednesday, the energy and commerce subcommittee will hold hearings on gasoline prices and the ukrainian president will address the irish parliament. u.s. wholesale engines -- u.s. wholesale will be thursday. looks like we are in for it next week. guy: i will join you on the 5:00 a.m. show. kailey: i'm looking forward to it. bright and dark in new york. guy: i'm going to the cable and we will be joined by airgas with a lot to talk about as far as inflation. that's next, this is bloomberg. ♪ if you're a small business, there are lots of choices when it comes to your internet and technology needs. but when you choose comcast business internet, you choose the largest, fastest reliable network. you choose advanced security for total peace of mind. and you choose fiber solutions with speeds up to 10 gigs to the most small businesses. that's virtually everywhere we serve. the choice is clear: make your business future ready with the network from the most innovative com
senate judiciary committee is voting on judge jackson.also an rba decision with industrial production day. kailey: coming up wednesday, the energy and commerce subcommittee will hold hearings on gasoline prices and the ukrainian president will address the irish parliament. u.s. wholesale engines -- u.s. wholesale will be thursday. looks like we are in for it next week. guy: i will join you on the 5:00 a.m. show. kailey: i'm looking forward to it. bright and dark in new york. guy: i'm going to...
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Apr 29, 2022
04/22
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BLOOMBERG
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and tear other point, em fx, the rba, and that is suddenly alive meeting when you look at the pricing after the massive inflation this week. let's put everything together for you. our first guest is the cohead of asia fx and rate strategy at one entity. why don't you start? what is top of mind? >> japan and china, the moves in the renminbi and the yen are top of mind. people are talking about policy diversions. it has gone beyond that. dollar-yen, the interest rate differential has not move that much in the past couple of days, but my main take away from the boj yesterday was there is very little pressure from the government with the ministry of finance to adjust policy is in -- in any meaningful way. the statement, the press conference, you did have an official trying to signal that maybe they can intervene, if necessary, but there is no clear statement from the ministry of financing the level of dollar-yen is based on fundamentals. we are still waiting for that. that is why the bar is higher for the dollar and japanese yen. david: where do you think the periscope, dollar japan, and
and tear other point, em fx, the rba, and that is suddenly alive meeting when you look at the pricing after the massive inflation this week. let's put everything together for you. our first guest is the cohead of asia fx and rate strategy at one entity. why don't you start? what is top of mind? >> japan and china, the moves in the renminbi and the yen are top of mind. people are talking about policy diversions. it has gone beyond that. dollar-yen, the interest rate differential has not...
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Apr 20, 2022
04/22
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you mentioned yield curve control, i wonder though, because we saw what markets did with the rba, whereield curve control essentially failed for them, does that make yield curve control still at a legitimate policy tool in your eyes? >> uh, i think so. when you think about it, it is something central banks do, right, they can definitely purchase the local bonds, right, at the unlimited amount, if they want to, right, and as shown by japan during yield curve control measures for such a long time, but definitely there are times that the markets focus and worry about such practices. currently, the pressure on the yen, for two weeks, and innocence it is in response to hawkish comments coming from the states, from the fed, in terms of the level. sooner or later, right, such concern will wayne, and therefore the pressure that we see on the currency on the yen is likely to fade, so the problem is how central banks actually manage the current time, but i still think after yield curve controls, governments can pursue the policy for a relatively long time. >> thank you for your insight. now, you
you mentioned yield curve control, i wonder though, because we saw what markets did with the rba, whereield curve control essentially failed for them, does that make yield curve control still at a legitimate policy tool in your eyes? >> uh, i think so. when you think about it, it is something central banks do, right, they can definitely purchase the local bonds, right, at the unlimited amount, if they want to, right, and as shown by japan during yield curve control measures for such a...
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Apr 27, 2022
04/22
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shery: given the numbers we saw in australia, do you think the rba will be pressured to move next week>> that's right. the opposite story to japan here in australia. markets are now seeing the cash rate sliding to 1% by july the interesting thing here is that this may happen in the middle of an election campaign. we are going to the polls in australia on may 21, and because of this surge in inflation, the central bank may have to abandon its traditional political push and initiate this liftoff in interest rates ahead of that election campaign. at this point, one of the most dovish central bank governors is unable to keep his stance, so definitely eyes on the reserve bank meeting next week. it is going to be very interesting. they have said that they were waiting for these inflation numbers yesterday. there are key numbers coming out on may 18. it is putting pressure on the center of the government of scott morrison. he is trailing in the polls. the government is trailing in the polls as price pressures are starting to hit consumers especially as we have seen prices in australia surge.
shery: given the numbers we saw in australia, do you think the rba will be pressured to move next week>> that's right. the opposite story to japan here in australia. markets are now seeing the cash rate sliding to 1% by july the interesting thing here is that this may happen in the middle of an election campaign. we are going to the polls in australia on may 21, and because of this surge in inflation, the central bank may have to abandon its traditional political push and initiate this...
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Apr 5, 2022
04/22
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the aussie really outperforming as the governor of the rba takes a baby step towards perhaps an interest rate hike in the not-too-distant future. tom: into the second quarter, what to do after -8% and bond price, after challenges for the equity market? sarah hunt joins, portfolio manager with alpine woods, with a tangible effort of what you do with a portfolio. what is the single change you have made april 1? sarah: i am not sure we have made any single changes. if using about the larger economic backdrop with commodities and everything else, you have had years of history where the oecd countries have basically said we are going to try to move some of the stuff like mining and oil production outside of these areas, and now this is coming back to be a real problem when you start to have geopolitical problems like we are seeing right now with russia and ukraine, which is just horrible, and country trying to figure out what do i do now that i have outsourced all of my energy production to other places. we had already been moving in the direction of realizing that the fed was raising rates a
the aussie really outperforming as the governor of the rba takes a baby step towards perhaps an interest rate hike in the not-too-distant future. tom: into the second quarter, what to do after -8% and bond price, after challenges for the equity market? sarah hunt joins, portfolio manager with alpine woods, with a tangible effort of what you do with a portfolio. what is the single change you have made april 1? sarah: i am not sure we have made any single changes. if using about the larger...
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Apr 24, 2022
04/22
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we are closing in on another rba decision next week although with the election on the horizon it looks unlikely a move at this meeting but june definitely a live one. shery: we continue to watch global balance because we saw that route continuing, especially with treasuries. we saw the two year yield leading the way higher and we continue to watch where this is going as chair powell heightened his hawkish tone, talking about frontloading policy moves. it remains clear that there is a lot of uncertainty. investors do not know what to make of this because barclays was giving up on a bullish bet on 10 year treasuries in a week or so last week. wednesday we had bank of america saying it looked like it was time to buy. it did not play out 24 hours later. we continue to see very big moves on the eurodollar futures as well. paul: yeah, and the geopolitical backdrop still not great. were in ukraine now into its third month. and antony blinken and the u.s. defense secretary as well have now around in kyiv for talks with president volodymyr zelenskyy. this as air raid sirens were heard almost al
we are closing in on another rba decision next week although with the election on the horizon it looks unlikely a move at this meeting but june definitely a live one. shery: we continue to watch global balance because we saw that route continuing, especially with treasuries. we saw the two year yield leading the way higher and we continue to watch where this is going as chair powell heightened his hawkish tone, talking about frontloading policy moves. it remains clear that there is a lot of...
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Apr 26, 2022
04/22
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, consumer discretionary leading the declines we're talking names like tesla, wee ckn n.ur and wyn 'rbaos comprehensive solutions, and shows me how to get the most out of my workplace benefits. voya helps me feel like i got it all under control. voya. well planned. well invested. well protected. my fellow xfinity customers! well invested. hi tim. the biggest week in entertainment is almost here! watchathon week presented by xfinity rewards! with free access to... ...stranger things from netflix... ...the boys from prime video... ...hbo max... ...starz... ...and peacock. just say “watchathon” into your voice remote and get ready to watch! i love you! i love you! i love you all! >>> 90 minutes left in the trading day, and it is an ugly day for the markets. our reporters are standing by to tell you everything you want or maybe don't want to know about stocks, bonds, commodities, and crypto in your 401(k). let's begin with bob pisani at the new york stock exchange tracking the selloff for us. hey, bob >> we are off of the lows, tyler, but not convincingly. the problem is very simple we are
, consumer discretionary leading the declines we're talking names like tesla, wee ckn n.ur and wyn 'rbaos comprehensive solutions, and shows me how to get the most out of my workplace benefits. voya helps me feel like i got it all under control. voya. well planned. well invested. well protected. my fellow xfinity customers! well invested. hi tim. the biggest week in entertainment is almost here! watchathon week presented by xfinity rewards! with free access to... ...stranger things from...
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Apr 4, 2022
04/22
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you're watching "fast money" live from the nasdaq market site 'rba rhtft te. ckig aerhis. ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq ok, let's talk about those changes to your financial plan. bill, mary? hey... it's our former broker carl. carl, say hi to nina, our schwab financial consultant. hm... i know how difficult these calls can be. not with schwab. nina made it easier to set up our financial plan. we can check in on it anytime. it changes when our goals change. planning can't be that easy. actually, it can be, carl. look forward to planning with schwab. schwab! ♪♪ nurse mariyam sabo knows a moment this pure... ...demands a lotion this pure. new gold bond pure moisture lotion. 24-hour hydration. no parabens, dyes, or fragrances. gold bond. champion your skin. >>> welcome back to "fast money. we have a venti si
you're watching "fast money" live from the nasdaq market site 'rba rhtft te. ckig aerhis. ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq ok, let's talk about those changes to your financial plan. bill, mary? hey... it's our former broker...
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Apr 2, 2022
04/22
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KRON
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rba to. but doctor swartzberg says the spike in infections at coleman is nothing to be too concerned about just this kind of thing is expected. it's going to happen. >> but as long as it's sporadic like this, i'm not really concerned. you know, we're in a very, very good period right now in a letter to coleman elementary families about reinstating the mask mandate, principal mike taylor said i want to emphasize that this is not a time for alarm but for us to implement the recommended public health strategies to respond to an uptick in cases and decreased risk of transmission. >> students and staff were also given covid-19 rapid tests before leaving for spring break friday. the district reports there have been very few covid-19 cases since the mask mandate was lifted on march. 12th, however, a large number of students and staff are still wearing masks at schools. reporting in sandra fell. dan thorn kron. 4 news. >> fans heading to chase center s ap center tomorrow. do not have to worry about t
rba to. but doctor swartzberg says the spike in infections at coleman is nothing to be too concerned about just this kind of thing is expected. it's going to happen. >> but as long as it's sporadic like this, i'm not really concerned. you know, we're in a very, very good period right now in a letter to coleman elementary families about reinstating the mask mandate, principal mike taylor said i want to emphasize that this is not a time for alarm but for us to implement the recommended...
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Apr 2, 2022
04/22
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KRON
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rba to. but doctor swartzberg says the spike in infections at coleman is nothing to be too concerned about just this kind of thing is expected. it's going to happen. >> but as long as it's sporadic like this, i'm not really concerned. you know, we're in a very, very good period right now in a letter to coleman elementary families about reinstating the mask mandate, principal mike taylor said i want to emphasize that this is not a time for alarm but for us to implement the recommended public health strategies to respond to an uptick in cases and decreased risk of transmission. >> students and staff were also given covid-19 rapid tests before leaving for spring break friday. the district reports there have been very few covid-19 cases since the mask mandate was lifted on march. 12th, however, a large number of students and staff are still wearing masks at schools. reporting in sandra fell. dan thorn kron. 4 news >> fans heading to chase center or the sapd center tomorrow will not have to worry
rba to. but doctor swartzberg says the spike in infections at coleman is nothing to be too concerned about just this kind of thing is expected. it's going to happen. >> but as long as it's sporadic like this, i'm not really concerned. you know, we're in a very, very good period right now in a letter to coleman elementary families about reinstating the mask mandate, principal mike taylor said i want to emphasize that this is not a time for alarm but for us to implement the recommended...
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Apr 2, 2022
04/22
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rba to.man is nothing to be too concerned about just this kind of thing is expected. it's going to happen. >> but as long as it's sporadic like this, i'm not really concerned. you know, we're in a very, very good period right now in a letter to coleman elementary families about reinstating the mask mandate, principal mike taylor said i want to emphasize that this is not a time for alarm but for us to implement the recommended public health strategies to respond to an uptick in cases and decreased risk of transmission. >> students and staff were also given covid-19 rapid tests before leaving for spring break friday. the district reports there have been very few covid-19 cases since the mask mandate was lifted on march. 12th, however, a large number of students and staff are still wearing masks at schools. reporting in sandra fell. dan thorn kron. 4 news >> and just talk with their kids about the dangers drugs and also the consequences that can result from that. >> meanwhile, people in the sout
rba to.man is nothing to be too concerned about just this kind of thing is expected. it's going to happen. >> but as long as it's sporadic like this, i'm not really concerned. you know, we're in a very, very good period right now in a letter to coleman elementary families about reinstating the mask mandate, principal mike taylor said i want to emphasize that this is not a time for alarm but for us to implement the recommended public health strategies to respond to an uptick in cases and...
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Apr 1, 2022
04/22
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'rba ia nuiswee ckn mite yeah...uhhh... doug? [children laughing] sorry about that.ith power e*trade. it has powerful, easy-to-use tools to help you find opportunities, 24/7 support when you need answers, plus some of the lowest options in futures contract prices around. [ding] get e*trade and start trading today. >>> time for our etf spotlight looking at chinese tech today. ticker k-web rallying on this report that beijing is preparing to allow u.s. regulators to see the auto reports of most chinese companies listed in new york names like baba, and jd.com and baidu surging on the news. talked about it with cramer this morning. being seen as a big concession from some chinese regulators. >> we've seen incredible moves in both directions in many of these names for weeks now. shares of new fort res energy popping this morning the company proposed to build the first off shore lng export facility in as little as a year. as a potential solution to russian gas dependence on europe on the heels of president biden announcement to release 1 million barrels of oil per day star
'rba ia nuiswee ckn mite yeah...uhhh... doug? [children laughing] sorry about that.ith power e*trade. it has powerful, easy-to-use tools to help you find opportunities, 24/7 support when you need answers, plus some of the lowest options in futures contract prices around. [ding] get e*trade and start trading today. >>> time for our etf spotlight looking at chinese tech today. ticker k-web rallying on this report that beijing is preparing to allow u.s. regulators to see the auto reports...
SFGTV: San Francisco Government Television
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Apr 10, 2022
04/22
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SFGTV
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at this time we are going to hear from dina derear and leah jarvis who leads from rba consulting who were very instrumental in helping us with community needs and give us their findings we thank you for your work and look forward to your presentation. >> thank you, hello commissioners. take us a moment to pull up the slides. weer pleased to present the findings dignity fund needs assessment today. we start with a project over view. describe the methods we used. over view of the participates of the assessment and then go in the key findings with respect to the equity and he guest analysis. in 2017- 18 and every fourth year the planning process begins with the community needs assessment to identify service strengths, gaps and unmet needs. recommendations form of services and allocation plan in the following year out lines how they use the fund to address the community funds it needs over the next 4 years. planning helps to encure that das uses support services responsive to the needs of san francisco older adults and with disabilities. in 2021, 22 das contracted rda to conduct the comm
at this time we are going to hear from dina derear and leah jarvis who leads from rba consulting who were very instrumental in helping us with community needs and give us their findings we thank you for your work and look forward to your presentation. >> thank you, hello commissioners. take us a moment to pull up the slides. weer pleased to present the findings dignity fund needs assessment today. we start with a project over view. describe the methods we used. over view of the...
SFGTV: San Francisco Government Television
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Apr 24, 2022
04/22
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SFGTV
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at this time we are going to hear from dina derear and leah jarvis who leads from rba consulting who were very instrumental in helping us with community needs and give us their findings we thank you for your work and look forward to your presentation. >> thank you, hello commissioners. take us a moment to pull up the slides. weer pleased to present the findings dignity fund needs assessment today. we start with a project over view. describe the methods we used. over view of the participates of the assessment and then go in the key findings with respect to the equity and he guest analysis. in 2017- 18 and every fourth year the planning process begins with the community needs assessment to identify service strengths, gaps and unmet needs. recommendations form of services and allocation plan in the following year out lines how they use the fund to address the community funds it needs over the next 4 years. planning helps to encure that das uses support services responsive to the needs of san francisco older adults and with disabilities. in 2021, 22 das contracted rda to conduct the comm
at this time we are going to hear from dina derear and leah jarvis who leads from rba consulting who were very instrumental in helping us with community needs and give us their findings we thank you for your work and look forward to your presentation. >> thank you, hello commissioners. take us a moment to pull up the slides. weer pleased to present the findings dignity fund needs assessment today. we start with a project over view. describe the methods we used. over view of the...
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Apr 14, 2022
04/22
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line of course, the ecb leaving rates unchanged but renewing their pledge to end bond buying in the 'rba ia mth wee ckn moment th. keep dreaming. [music: “you can get it if you really want” by jimmy cliff] what if you were a global bank who wanted to supercharge your audit system? so you tap ibm to un-silo your data. and start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts... saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by swit
line of course, the ecb leaving rates unchanged but renewing their pledge to end bond buying in the 'rba ia mth wee ckn moment th. keep dreaming. [music: “you can get it if you really want” by jimmy cliff] what if you were a global bank who wanted to supercharge your audit system? so you tap ibm to un-silo your data. and start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are...