the governor of the rba wants to see wages rising as well. they get down 1.4% year-over-year during the pandemic, that was very weak. they had a nice rise back up to 2.3. next reading is supposed to be 2.5. however, he wants to see 3% having inflation sustainably at or above target. so, have you done enough to meet that metric. the people who want the hike are forecasting it, but you don't need extraordinary stimulus. that is something like, i have to keep looking. the election, let's go back to that. scott morrison is their conservative leader who wants to get reelected. stick with me, the economy is doing better. you aren't going to see big increases in interest rates. they will probably see some, back in 2007 when john howard was the sitting prime minister, he was running for election, the rba raise the key rate during that campaign, and he lost. his supporters said, it's at least in part due to the reserve bank of australia the move they make. that's the other side of the coin. the other is june 7, this is may 3. inflation won't get out o

in 2000, the rba did a rate hike, the sitting prime minister lost the race, they blames the rba. lowe has not given a signals that he is ready to do that rate hike. maybe they are going to hold steady. if anything is going to happen, i think it is the 15 basis point rate hike. risaad: what if we get 25 instead? that will be a big surprise a subordinate. what is the next worried? >> that is what matters in this meeting. they're probably going to do 50 basis points. they have all but guaranteed. everyone they spoken with is on board, when it comes to 75 basis points, that does not seem to be on the table. 25 is too small, right now the markets are looking for two or 350 basis point hikes. manufacturing in the u.s., went from 57 then changed to 54.4 in april. thus still hot. it still shows growth. inflation is not slow down at all. it is of a 40 year high, that is the fed focus. that is what is going to probably be the market mover. a 50 basis point rate hike set that tells about the does desk balance sheet. how cautious are they going to be? jay powell press conference, where that

some of that is because the rba is lacking.is because we have risk off lagging and global capital -- global capital markets. the aussie doesn't do well in those environments. haidi: we are just under 20 days away from the federal election. do the results tend to outlook for the economies for the risk, and what would you want to see from the next governor? -- government? >> there is so much of economist would like to see from the next government. australia economist have been talking for a long time about the need to do more on the supply side of the economy. competition policy, proactivity and reform, improving labor market flexibility, and, if we had done more on that supply side, perhaps we would have less inflation pressure than we've got right now, having said that, we are unlikely to see the new government take on a bold reform plan, neither of the major parties are election in on big bang reform. it's very small -- very small targeted in terms of the economy. in terms of how we see the outcome playing out on growth, for e

the key decision today would be the rba. expectation is for the first rate hike since 2010 and money markets factoring in the most aggressive tightening in australia at least since the 1990's as we continue to see the kiwi tenure yield as -- the highest since 2015. on the back of treasury yields continuing to gain ground. the tenure yield finishing at the 3% level. we have already seen the 20 year bond top the 3% in this current rate rise cycle. we have already seen the five, the seven, the 30 already top 30 per -- 3% in april. haidi: let's get a quick check of the hide lines. elon musk [indiscernible] the entrepreneur [indiscernible] in an attempt to spare his own wealth. tesla shares -- may also be trimmed depending on new interest. a billionaire [indiscernible] to oppose the company's low exit from coal. growth ventures as no agl's largest shareholder -- agl is australia's biggest electricity generator and says it remains committed to the plan. spirit airlines board has unanimously rejected jetblue's unsolicited pre-$.6 b

the rba coming in with a more hawkish height that expected.ine: let's get to the latest on the war in ukraine. after months of resistance, germany says it is ready to support the plan two russian oil imports. >> after two months of work, germany is not against an oil band on russia. of course, it is a heavy load to bear but we are ready to do that. francine: that was the economy minister at a special meeting of ministers in russell's yesterday. -- brussels yesterday. the germans no longer oppose it, how fast can we get a meaningful embargo? maria: you heard in the clip. he said it openly, we are down to contingencies. we have worked on this for two months and we are not going to oppose this embargo anymore. you have to look at the figures. their oil dependency has dropped significantly since the start of the water. it was 35% before, now it is 12%. you can see this is now doable from a technical perspective. when is it going to happen? a number of countries including hungary saying we are not sure this will put an end to the water. let's have

so why shouldn't the rba do the same given it has been patient for so long? it's interesting that we heard from governor logan saying that he was embarrassed by the fact that they were so wrong when it comes to forward guidance on rates. a member when they said that they would remain at a record low until 2024? that is a starkly different picture and messaging than what we got from the rba yesterday. take a look at cash rates. there are expectations to price in a move to june. it is well ahead of the rba's own forecast of about 1.5% to 1.75% for the cash rate. it does -- it is interesting to see how that falls as we get more data and more guidance from the rba in months to come. shery: the aussie dollar jumping , the greenback under pressure given the moves. and we get more analysis from kathleen hays. let me start with you. not only a 50 basis point rate hike, but a 75 basis point rate hike. kathleen: the 50 basis point rate hike, every federal reserve official including jay powell has at least open the doors and endorsed a 50 basis point rate hike. it is st

rba hiking more than expected. in the u.s., here is how we're gearing up for tomorrow. the 10-year real yield has gone from a negative 15 basis points last thursday to positive at the close yesterday. these are crushing moves. we saw in the ism numbers yesterday. could that mean to a bigger hike or at least a forecast bigger hike from the fed? that would lead to a crushing blow from the tips market. that is sending the 10-year yield above 3%. ended yesterday slightly below that. japan is closed today. we're not currently getting cash trading in the u.s. 10-year yield. we are seeing markets up and running when it comes to the u.s we had a rebound in u.s. stocks yesterday. perhaps some dip buying playing through. u.k. stocks are moving well. on holiday yesterday. they have to play catch up to the negativity we saw in europe. gold continues to decline. the bloomberg dollar, most of the losses coming in the form of a much stronger aussie dollar. the reason behind the aussie dollar move, the latest on the r&b rate division. -- rba rate division. john will fill us in. startin

the rba with the 25 basis point hike.hat is the start of the tightening circle mean for your business? does a change for growth and conditions? what is the rba trying to signal here? >> it changes the outlook and we have been through quite a significant point. it is quite a big pivot. we are talking about a new world of inflation. our customers, it is an extraordinary number of australian homeowners that have -- it is a significant shift in the conditions. it is good for banks and a general observation, it is generally positive for margin outlooks. but the counter to that would really be what will the positives do, what will consumer businesses do? as they contemplate a difficult decision in an already difficult rate environment. haidi: that question of what will consumers do is a big one when it comes to loans growth. it has lagged competitors in that area. there is processing capabilities, but have you kind of miss to the window now that the tightening cycle has begun? -- missed the window now that the tightening cycle

kathleen: how aggressive do you think the rba will get?eidi just mentioned, 40 basis point hike, it seems like an outlier, but how far and fast will this go? it is still a lot lower than anything you see in the united states, for example. >> absolutely. first addressing inflation, australian inflation is below others partly because the labor forces are structurally different from the likes of the u.s. labor force were two thirds are under words that would take longer to come through. secondly, the economy is still going through reopening given the lockdown rules. it will take longer, however rba has seen what the other central banks are dealing with and they have a roadmap to follow. whether they will raise the rates this month, a bit of a coin toss. it is very close to the elections. but we do feel in the coming months, they will be aggressive to get that ahead. haidi: china. the impact of the lockdown is becoming increasingly clear if you look at the pmi numbers. how does that potentially impact risk aversion and the sentiment? >> it doe

rba moving higher than expected. the quarterly statement policy just coming through with the central bank in australia saying it will need to further lift rates over the period ahead. chris hill's central-bank raising -- brazil's central-bank raising rates. india's central-bank out of a cycle rate hike. when it comes to the bank of england, this is what upset them. boe increasing its benchmark interest rate to 1%. the highest level since early 2009. governor andrew bailey describing the outlook as the toughest challenge policymakers faced since they won authority to set rates. listen to what andrew bailey had to say. >> there are risks on the upside to inflation. we also think the core story is a real income shock to the country. that we think is going to slow the economy down. and we probably are already seeing some signs of that. rishaad: let's bring in the story behind the markets, mark cranfield has the details. is it the dawn of realization that the fed will be reducing their balance sheet by $47 billion a month

the rba with that surprise increase above estimates from australia. will the fed also open the door to 75 basis points. the longer-term question is whether the fed can actually engineer a soft landing amid concerns about inflationary pressures. let's check in on markets in europe. gains of 12% in spain. -- .2% in spain. the handoff is there, but with that volatility when it comes to central-bank action. the cac 40 only up .2%, and range found in the u.k. on the ftse 100. let's look at how things are playing asset by asset. the bloomberg dollar index at two year highs. s&p e-mini is pointing to gains of .2%, much of that contingent on jay powell. the u.s. 10 year currently below the 3% level, but we could get there. then the bloomberg dollar index currently range bound as well, but the strength of the greenback has been pronounced at two year highs. bond or land now saying there is a proposal to ben -- bonder lyon saying there is a proposal two russian oil. francine: it's an oil embargo over the next six months. if we look at sectors, overall 18 sector

fed taking the page from the rba book and hiking rates higher andi infli influenced by the decision >> i think they'll go 50 basis points trying to get to neutral and they are all trying to get there fast we talk about 50 basis point hikes would months ago i think they get to neutral fast of the i fast i think every central bank will be restrictive fighting inflation they can't control. i would be with you in terms of struggling to go above neutral they really want to get neutral fast >> thank you, stephen halmarick and priya misra. >>> and coming up, what is taking a massive bite out of shares >>> and vice media has hired financial advisers on a possible sale vice once valued at $6 billion is also looking at options to sell the company in part due to issues of valuation and outstanding debt. >>> the woes for melvin capital continue the new york post continuing the hedge fund lost 3% in april. that is the year to date losses at 23%. >>> elon musk at the met gala and joined by his mom. he spoke about his bid for twitter and he wants to make the platform as inclivasuse possible "worldwi

things up, hiking more than expected for the rba. today, strong retail data. the rba opened the door for more rate hike so the market is taking that instep. will that happen with the fed? we are seeing brent crude and wti move higher, up more than 1%. europe is contemplating a russia oil embargo, looking at annexing more of ukraine. the slowdown in china, the embargo story winning out. >> the dollar, pretty steady. when you speak to a lot of people on the trading floor, some traders don't know how to trade inflation. it will be interesting to see how jay powell is hawkish and what that means for what kind of interpretation the traders have. across the board, u.s. futures subdued, investors bracing for the biggest fed interest rate hike since 2003. they want to know clues on how pugnacious lee -- pugnaciously they will tackle this. s&p futures not really moving much but treasury futures dipping after the u.s. 10 year yield closed near 3% yesterday. >> pugnacious, that is nice. let's get our top stories and our reporters from around th

and with the aussie, the rba did yesterday. let's have a look at what else is happening. haslinda: markets around the world gearing up for an aggressive fed rate hike. let's get more analysis from our global economics and policy editor kathleen hays. kathleen, a 50 basis point hike now expected. what about a 75 basis point hike into the future? kathleen: traders waiting to see if jay powell opens that door. the door is wide open. a 50 basis point hike, since the march meeting, every a fed official has talked about it and endorsed it. definitely ready to go for the 50 basis point hike. in fact, they are now looking for a 50 basis point hike. if you look at the two subsequent meetings, two more 50 basis point hikes for a total of 290 basis points. that would take you well above the fed's view of a neutral rate at two and a half percent. now, in terms of that 75 basis point move, what will jay powell signal? well, let's set the table with this. number one, so far, no fed official, including the st. louis fed, has actually set i am in favor of a 75 basis point rate hike. we c

haslinda: on the back of the rba minutes release this morning, the rba weighing in on the 25 basis point hike, the first rate hike in about 12 years. it says it considered three options. 15 basis points did not make sense given inflation remains high, and further rate rises are expected. it's not clear how global supply problems will be resolved. rishaad: looking at what we have got going on, the j.p. morgan conference. two months after the misleading note that should have been edited but they said chinese equities were not investable, and it's now turning more positive, rating 15 companies. this off the background of a we had two months ago when they called chinese equities un- investable. it cause a lot of consternation. a bit of about-face. haslinda: it's a tough balancing act when you are expanding in china. let's bring in mark cranfield. our investors as optimistic about chinese equities right now? mark: they seem to be a little more optimistic. bear in mind, markets overshoot in both directions. we are seeing some good news coming from places like shanghai where there saying they h

they cap a three run rally with this kevan smith rba two double. they may go on to win 9-0.an: a reminder you can watch our newscasts live and on-demand on the abc 7 bay area app. it is available for roku. download the app now and start streaming. ama: thank you for watching tonight. i am ama daetz. dan: and i am dan ashley. from all of scared of their own shadow. so this is kind of cool. >> yosh says that his cat is very curious about the world around him. >> interesting. a curious cat. >> all right. coming up -- the heroes who rushed to the aid of a driver suffering a medical episode. >>> plus the jet coming in for a landing, losing control and careening off the runway. >>> but first, the high-speed crash involving a tesla taxi in ohio. that's next. you're watching "world news now."

they cap a three run rally with this kevan smith rba two double. they may go on to win 9-0. this?is supersonic wifi from xfinity. it's fast. like beyond gig speed fast. incoming! we're talking three times the bandwidth and the power to connect hundreds of devices at once. [all together] that's powerful. couldn't have said it better myself. unbeatable internet from xfinity. made to do anything so you could do anything. get supersonic wifi with a new xfinity 3 for 1 bundle. unlimited gig internet with a 2-year rate guarantee, a free streaming box, and add xfinity mobile. switch today. i was injured in a car crash. i had no idea how much my case was worth. i called the barnes firm. when a truck hit my son, i had so many questions about his case. i called the barnes firm. it was the best call i could've made. your case is often worth more than insurance offers. call the barnes firm to find out what your case could be worth. we will help get you the best result possible. ♪ the barnes firm, injury attorneys ♪ ♪ call one eight hundred, eight million ♪ our newscasts live and on-demand on

the rba saying they don't see a sustained rally, a high of around $.72. >> especially with weakness on the dollar. the five-day worst performance in quite some time. since november. right now equity futures pointing higher. 0.8% for the s&p e-mini futures after we have the s&p 500 pulling back from a bear market. even nasdaq 100 futures looking higher after we saw that wipeout in tech stocks. the nasdaq 100 finally in line with long-term averages. we continue to watch the treasury space because we have a violent rally last week which sent the 10 year yield toward that to 78 level. we are seeing -- oil prices, wti seeing weeks of gains with a very tight market for products. it really is about what is happening with the fed. we get minutes later this week. not to mention retail earnings also are in focus here. >> let's get you straight to canberra where we are seeing the incoming prime minister anthony albanese being sworn in. this is one of the swiftest changes in government is an australian history. -- in australian history. all of this being timed so that the new prime minister as wel

we will be speaking about small business and those rba minutes.can't wait to see how hawkish they will get in the next meeting. the euro-dollar rate is not as close as the one yesterday. this is something we are watching very closely. we have the japanese and u.s. dollar yen showing a little bit of strength in the yen while the yuan is unchanged. another crazy day? of course—you're a cio in 2022. but you're ready. because you've got the next generation in global secure networking from comcast business, with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want—your team, ours or a mix of both. with the nation's largest ip network. from the most innovative company. bring on today with unbeatable business solutions from comcast business. powering possibilities™. >> this is daybreak australia. i am vonnie quinn with your first word headlines. putin has issued a message to finland and sweden. putin says the decision will produce a response from moscow. ukraine's foreig

. >> some are surprised that the rba went on during an election cycle.oes the outcome change things for the central bank either way? >> so far, both of the parties are not very different in their policies. it looks like it's not going to change a lot of things dramatically as far as the economy is concerned. which is why market pricing has not changed. economists are still predicting interest rate hikes through the rest of this year. pointing to the cash rate at 2.7% by december which is quite aggressive. that's not what economists are predicting, but we will continue to see interest rates rising. >> affordability continues to be a touchstone. what is the trajectory for the property market? parks for both parties, they have come out with policies proposals to boost demand. which economists are saying will provide some support which is not a good for if economists are tipping the price will fall this year and a bigger fault next year. if these come into play, maybe we will not see the fall and prices which is good news for people who already own a home. i

does the change in government have applications for the rba if we see more people spinning around thegins, maybe a higher wage narrative and that renewed focus on climate investment? george: yeah, at the margins it is a higher cost imperative on health care. the advantage of the incoming government is that they are a majority in the lower house. that is the biggest hurdle that they have to overcome. they've got to get more clarity to deliver what they need. the concerns were what today do and they are going to reaffirm the commitment to a nuclear submarines etc. and that has been important. they are have taken at step back and they are going to spend more on health care. they had will raise in wages across the economy. this is in part coming, but they've got a situation at the best g20 economy performance for the private areas. the debt is excessive, but it is quite good so there are a lot of positives. that is a starting point could shery: a lot of positives coming from china news, especially on a review of the tariffs by the u.s., not to mention all of the specific measures in the e

what is the rba looking to achieve and does that inform whether we see 25 or 50 today? >> it looks like they want to get to the neutral rate as quickly as they can. remember, when you get to neutral the rate is tight enough to bring down inflation but not so high that you pull the economy into recession. you just mentioned on the planet, down to a record low. so, what 19 of 22 economists surveyed by bloomberg economics and the news team see is a 50 basis point hike. it will take the rate to 2%. i want to call your attention to that big move down in early 2020. the rbnz has led the world and aggressive moves, 75 basis point cut march 2020 when the pandemic was just taking hold. they did the 50, excuse me, three 25 basis point hikes starting in october, 50 basis point hike, who would do that? they did that in april. they want to get back to the 2% neutral rate. some are expecting that to -- them to move that as high as 3%, because inflation has gotten so high. 6.9% year-over-year. in the february meeting they thought the official cash rate would get to 3% by the end of ne

that is something holding up in spite of of faster inflation that gives the rba more room to raise the cost of borrowing as well. on the commodity side, a mixed picture. oil and double ti looking at $110, similar price for brent at the moment. and u.s. futures are pointing marginally lower after we saw the s&p 500 down about 4%, that's a brief look at markets. haslinda: the slight rug in asia tracking losses in the u.s. the s&p posted its biggest one-day loss in two years overnight. tech got hit. one company slumps 20%. it is premium versus staples has gone, when you look at the pe forward ratio, untaxed, it is the same as a stable. rishaad: we were expecting the sri lanka interest-rate decision , we were expecting them to raise the benchmark by 125 basis points. they have stood back, they have not done anything. sri lanka with its dire economic situation right now deciding to keep rates unchanged. it has indicated it would be defaulting on debt. this is what it looks like vortex stocks, 7.6% down or tencent. it is across the board, this industry being spooked right now. it comes amid

big moves for the rba and australia as well. lisa: they are expected to raise rates by only 50 basis points and the raise rates by a quarter of a percentage point. what i'm looking at now is people are starting to bottom feed in stocks because bonds are doing so badly and because people see them as potentially doing that much worse. basically, how do we normalize at a time when inflation is at a pace we have not seen going back decades? that really seems to be the theme is people bring forward expeditions of inflation at 3% yield on the 10 year. that does not seem to be the ending point for a lot of people in their belief in the market. jonathan: and they bring growth expectations down. fitch the latest this morning. nomura the way a couple of weeks ago. lisa: still with the four handle, which is sort of shocking when you give out what is going on in hong kong and the shutdowns still going on in places like shanghai. honestly, this is the dilemma, and decide in the manufacturing ism's that came out. the prices were still incredi

we are looking out for the rba forecast. that will be key in terms of gauging what policy trajectory and what markets will be pricing from the federal back here. in new zealand, we are seeing steep losses of just over 1%. chicago nikkei futures looking uninspired. the dollar yen above 130. some of these risk currencies like the aussie, the kiwi even shery: there doesn't seem to be. a slowdown when it comes to central-bank action. we are getting a central-bank decision with the key rate of 8.2%. the expectation was for a full percentage rate hike but we are saying a bigger rise in the central bank key rate. we continue to see concerns about inflation playing out in the country as well. inflation rocketing towards 10% despite subdued consumer demand. the central bank coming out saying the recent trends were worse than expected and the key rate decision was also unanimous. this is interesting, because even last night we had the brazil central-bank rate decision, we were expecting them to and the world's most aggressive tighteni

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a throw in the rba, which is a significant federal bank, priced significantly over night by being much more hawkish than anticipated. how big a risk is there with the market still underpricing the fed? >> i think it's possible. it's not so much whether or not we are underpricing the fed in totality. we are pricing between 3.25% and 3.5% terminal rate in 2023. i think it's about how you get there. you guys were talking about the possibility of a semi-five point eight is rate hike. i don't think that's in the cards for tomorrow, although it is certainly not a 0% probability. it is still pretty low. in june, if we see more data between the may and june meetings, 75 in june is certainly not out of the question. the market even now, there is a one in three chance that the fed could go 75 at that meeting. it is the path that will matter from here for market volatility for the moment. kailey: to ira's point, it is not just about what we are seeing, but where they get to. are they going to go about mutual -- neutral and get more restrictive? jerome powell is a just speaking for himself, he is

half an hour away from the potential rate lift off in australia, politically charged decision for the rba from the federal election. investors also bracing for what could be the biggest fed hike since 2000, the u.s. 10 year

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why the supply chain could be snarl aed for years to come and what needs to be done to get 'rba itwcoursecome back we're 48 hours from the fed's decision wednesday and the fed hfs also embarking on an afwreszive shrinking of the balance sheet. they're doing quantitative tightening at twice the pace of any previous drawdown and the fear is aggressive rate hikes could be messy for markets and the economy. joining me is the chief economics commentator at the "wall street journal." what would you say, ahead of this meeting though, to a pretty concerned investor base? >> i don't think i have much that's very comforting, kelly. as you and i have been talk about, the fed's got a real problem. all they were trying to do prevent inflation from going up. and i think that's one of the reasons they're in this rush to start run offs on the balance sheet. as you were mentioning a minute ago, the last time they did this, in 2017, because inflation was so low, they weren't in any hurry and proceeded gradualy, maxed out at $50 billion a month of run off they wanted this to be as boring as watching paint d

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we'll be up and we're getting the stocks that each trader is watching their watch list and the names 'rbamirern wee ckn o nutes. (dad allen) you know when you see a great deal on a phone, and then realize it's not for you? not at verizon. (mom allen) yep, they just gave us all a brand new iphone 13. (dad allen) we've been customers for years. (dad brown) i thought new phones were for new customers? we got iphone 13s, too. switched to verizon 2 minutes ago. (mom brown) ours were busted and we still got a shiny new one. (boy brown) check it out! (dad allen) so, wait. everybody gets the same great deal? (mom allen) i think that's the point. (vo) now everyone can get a new iphone 13 on us on america's most reliable 5g network. (allen kid) can i have a phone? (vo) for every customer. current, new, everyone. to show the love. >>> all right, well over the course of the hour we've been talking about the pain inflicted on the markets, but remember this, you want to buy low and hopefully sell high. so lower prices could be a good thing for long-term investors. want to buy it at a discount so we wan

the traders are breaking it down next you're watching "fast money" live from the nasdaq marketsite 'rba square. wee ckight after this. >>> welcome back to "fast money. broadcom and vmware jumping as they make their deal official. it would give broadcom more exposure to the cloud. our next guests says it faces significant regulatory changes great to have you with us. what are the barriers? >> so just taking a step back, you know, this is obviously a transformative deal for broadcom, largest ever, $70 billion, and it will really jetson their software business to a new level, right? when all said and done half their business will be software if this closes so they talked about 2023 time line from a closure standpoint the thing to keep in mind here is that a lot of the vmware partners when you look at vmware, it's very neutral as part of the infrastructure so they're partnered with amd and intel, they're partnered with invidia so when you think about that you've got vmware partnered with broadcom potential competitors that could certainly create conflicts of interest when you think about ti

'rba iju aoment.w when you see a great deal on a phone, and then realize it's not for you? not at verizon. (mom allen) yep, they just gave us all a brand new iphone 13. (dad allen) we've been customers for years. (dad brown) i thought new phones were for new customers? we got iphone 13s, too. switched to verizon 2 minutes ago. (mom brown) ours were busted and we still got a shiny new one. (boy brown) check it out! (dad allen) so, wait. everybody gets the same great deal? (mom allen) i think that's the point. (vo) now everyone can get a new iphone 13 on us on america's most reliable 5g network. (allen kid) can i have a phone? (vo) for every customer. current, new, everyone. to show the love. - in the last two years, we quadrupled our team and the pace we're growing, i couldn't keep up without ziprecruiter. they do the legwork and they get my job posting in front of the right candidates. i love invite to apply. i instantly see great candidates and i can invite them to apply. we have hired across all dep

almost a surging 10 basis points in a week after the rba delivered the first rate increase since 2010. it is back under 3%, and went through the level for the first time in eight years. we are seeing a bit of pressure coming off of the selling there as well after the 75 basis point was taken off of the table. shery: hong kong monetary authority raising the base rate to 1.25%. the rate move in lockstep with the fed increase given that the hong kong dollar is backed by the u.s. currency, the second hike this year following the federal reserve. the monetary authority raising the benchmark by 50 basis points. the base rate was increased as it follows the fed given that the hong kong dollar is tied to the u.s. currency. delving to the fed's most aggressive tightening campaign in decades and bring in our policy editor kathleen hays at our asia editor andrea. i mentioned earlier that at least when it came to the market, it seems they took the presser as more dovish than they expected. what is your take on the hawkish this of this decision -- hawkishness of this decision? >> what they did to

while i expect the fed and the ecb and the rba the rbnz will raise rates in the next few months, they will not be going as high as we expect. rishaad: i guess ultimately, what we have are commodities being priced in dollars. so perhaps this does lessen the impact of inflation if we see sustained dollar weakness for emerging markets, as they can make more stuff with their dollars than they could before. andrew: exactly. and it is balancing and equilibrium in the markets that is naturally occurring. it is a positive sign for the markets overall and i think we will see that risk appetites across all markets will decrease over the next months. yvonne: so what is the best way to fate this dollar strength of this quarter? what is the best trade? andrew: oh, well i think the euro has been oversold. if you look at the currency exchange, we expect the ecb will raise rates, and fears around ukraine will subside. finland and sweden joining nato is a big deal, but it's really symbolic. i think the euro is well oversold. we are also very long gold and silver in the commodity space. david: just a l

we continue to seek government bonds in australia falling after the rba said they will need to raiserates further as unemployment is forecast to drop to the lowest level since 1974 and this is we already have the payroll numbers in the u.s. on friday which was pretty strong and said yields jumping. the two year yield at the 20 high. if it breaks that level we are talking about a 2008 height, a level we have not seen since the financial crisis. the 10 remaining above the 3% and yields rising in the asian session. if it tops the 3.25 percent that was the highest in 2018, we could go back to levels we have not seen since 2011. haidi: let's get a quick check of the headlines. a group led by the former guggenheim partners are president says clear lake capital has agreed to by the football club. this ends russian billionaires 19 year tenure at the london team. the price is one of the highest ever after a bidding war that went on for two months. topping analysts ends -- estimates as kospi continues to decline. the bank will pay dividends of 61 australian cents per share, higher than expecta

estee lauder, american eagle, zoom and a bunch of names in the e-commerce and online travel space 'rba ia me. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. when it comes to cybersecurity, the biggest threats don't always strike the biggest targets. so help safeguard your small business with comcast business securityedge™ it's advanced security that continuously scans for threats and helps protect every connected device. the choice is clear. get unbeatable business solutions from the most innovative company. so you can be ready for what's next. get started with a great deal on internet and voice for just $49.99 a month for 24 months with a 2 -year price guarantee. call today. >>> unilever is up sharply in the premarket. naming nelson peltz to the board as a non-executive director. his fund management holds a 1.5% stake in unilever. we've mentioned nelson a few times these

we look forward to talking with > 'rba ia nu >>wee ckn mite 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 switching today. comcast business. powering possibilities.™ >>> what's tonight >> it's and er son, and now skipworth, these are new ceos. i have to tell you that, you know, when you have michael skipworth and wingstop, that stock is down, and you have to take it seriously. >> some rumblings about going vertical as well >> yeah. my wife asked me to bring home dinner tonight >> we'll see you at 6:00 "mad money" at 6:00 p.m. >>> target shares are getting crushed on the earnings miss don't go away. to adapt in a fast changing world, you could hire a professional pit crew. go, go, go. sorry.

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rough year, of course, for those shares and really anybody the direct consumer video business, as you 'rbasee a great deal on a phone, and then realize it's not for you? not at verizon. (mom allen) yep, they just gave us all a brand new iphone 13. (dad allen) we've been customers for years. (dad brown) i thought new phones were for new customers? we got iphone 13s, too. switched to verizon 2 minutes ago. (mom brown) ours were busted and we still got a shiny new one. (boy brown) check it out! (dad allen) so, wait. everybody gets the same great deal? (mom allen) i think that's the point. (vo) now everyone can get a new iphone 13 on us on america's most reliable 5g network. (allen kid) can i have a phone? (vo) for every customer. current, new, everyone. to show the love. ♪ ♪ connecting to opportunity is just part of the hustle. ♪ ♪ opportunity is using data to create a competitive advantage. ♪ ♪ it's raising capital that helps companies change the world. it's making complicated financial concepts seem simple. opportunity is making the dream of home ownership a reality... ♪ ♪ ...writing new ru

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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