haidi: when do you see the pivot by the rba.r own analysis they look at households that will be affected. a 40% or greater increase in mortgage payments. this is when real wages are still falling. su-lin ong: at the moment it is clear that the bank like many other central banks around the world is almost solely focused on inflation. we could see upward revisions in their forecast and in the quarterly statement. it is worried about inflation expectations becoming unanchored . it is keen to make sure the inflation psychology stays well behaved. that is what is driving in large part this policy normalization, the 50 basis point hike is likely today and probably next month. they need to get rates to a more nerd -- neutral level. that is the focus. i think they will continue to do that for several more months. we think the pace of tightening will drop back by october or november to standard or moderate 25 basis point moves. the rba is lagging global central banks. the cash rate at one 35 is still low by global standards. inflation is

what are we expecting from the rba? >> the reserve bank is expected to increase interest rates by 50 basis points today, that is the expectation for more markets and economists. markets for pricing in 55 basis points last week but inflation came in slightly under expectations and that's why pricing has -- there is unanimous expectation so we will see. haidi: is it the path of least resistance? >> aussie swap rates have been trending down. the rba is definitely catching up to the rest of the world. the rba rate is 50 basis points, in the space of two or three months time. next month the fed does not meet, so the fed has gone 150 basis points down since june and so will the rba have done. it is kind of catching up and starting to get closer to where the endpoint is now, both for this year and in general for the aussie rate curve. so there is an expectation that the pace of rate hikes will slow down. that does add plenty of potential excitement to today's rba statement because there is a chance that the rba actually signal

to the rba saying they could see peak inflation this year? you have seen bonds bid and the dollar fall. 175 basis points of rate hikes in australia since may, the most in six months since 1994. a generation that has not seen this amount of aggressive rate hikes coming from australia, but we are looking ahead to the monetary policy statement on friday for more clues as to where the central bankers -- whether central bankers do think they have seen atop in price pressures driven by rising fuel and food costs, and of course those floods in australia as well. certainly great commentary. you did allude to enda on the blog saying they are not set on a path. garfield reynolds can smell an rba pause ahead. manus: thank you very much. i put everybody on rba watch. there is no bigger story. thank you very much. juliette saly with the very latest. spooked by scandals, losses, ongoing leadership shakeup. credit suisse handing out $3 million in a month to retain top bankers. i caught up with the ceo and we talked about how the bank plans to keep talent. >

the rba in the minutes that we got was interesting.y basically said that there was hiking, but there's no preset packed and it comes to rate rises. maybe because they are done vision it depends on what the bond traders are doing. aussie dollar's are slightly a bit up on the back of what we have seen. but certainly, the strength of the currency in the renminbi is what's to watch after that pboc was fixed earlier this morning. david: that midpoint, then pulling it back, them issuing some renminbi bonds here, which in some ways is tying directly together. we remove some of the renminbi in the system offshore and may be provide support for the currency. equity market wise, 2/10 of 1% down. 90 minutes into the singapore session but 30 minutes into indonesia it's a big day. we will be here for the president. we are already seeing some timing there. i think we do have them, could we get that up? there we go. yes, we will be getting a speech and about the next hour or so, so stay tuned for that. it's really a government fiscal support or restr

possibly even reasons for the rba a bit softer.t is something that the rba watches very closely. >> before we know it, we will be talking about this trait on the aussie qb. i can see it coming at some point. in terms of just the rates trait here, the two of them inverted again. could we consider this to continue and deepen? >> yes. the economy is still trying to get out of the lockdown that they extended their own lockdown with the rest of the world. that caused a big slowdown in the economy there. it would not be a huge surprise to anybody if new zealand comes into a recession and the way that trade reflects there is by pushing the yields lower. there is no reason for the inversion to do anything but get deeper for the short-term. people will be looking at the deeper inversion as well. if you look purely at the local vectors in new zealand, it will be pretty tough. that would mean that they need to keep this higher for longer. this is not something that will happen in the near term. >> we are expecting those fomc minutes, the fed

we continue to see the widening yield differentials between the rba and the federal reserve.t's look at u.s. futures. the fourth straight week of gains, the s&p 500, some resilience being seen. mastec pricing moving into a technical bull market with the long-term trend still intact. a little bit of softness going into the start of trading with all u.s. futures sitting a little lower. ♪ >> you are watching daybreak asia coming to live from new york, sydney and hong kong. we are counting dow

kathleen: the rba reserve bank of australia, watching wages in australia so carefully.are they going to rise? how much they push the rba into rate hikes. 160,000 associations, what are you hearing and seeing? >> i think there is undoubtedly -- wages in australia have been operating in a low inflation, low productivity environment. we are saying inflation pushing up above 6% now. we does remain quite modest between 2%-3%. it is going to increase with the market pressure. we cannot afford to chase after the inflation numbers we are seeing at the moment. that would be a mistake. what we have to do if we have higher wages, we have to really invigorate productivity growth in australia. we have to make enterprise bargaining work again. haidi: the government has a responsibility, businesses have a responsibility to make their own investments. they let go of their workers but as we have seen across aviation? >> at the moment, australia labor market -- at the australian labor market is at a full employment. there is an intense competition from labor. we have a strong demand in t

ahead of the rba, but a day like today, it doesn't matter, it's about taiwan. yvonne: we have a scoop just crossing the bloomberg right now about the growth target. chinese leaders according to our sources say the gdp goal is now guidance, not so much a hard target. i guess not a big surprise even what we heard last week talking about do the best you can, the best outcome, no mention of the target. what we are hearing from people familiar with the matter is after holding these meetings the last few weeks, they were told the target will not be used to evaluate performance and there won't be penalties for failing to achieve it. rishaad: let's look at the taiwan dollar now, as well as that currency under severe pressure with capital outflows responsible for something like 625 million dollars leaving since the end of june. 200 plus just on monday going out of the country, contributing to the volatility, the highest since 2020 with dollar flirting with levels unseen also since 2020 here as well. geopolitical risks sapping sentiment ahead of the visit by nancy pelosi

where we see a less hawkish rba moving forward -- will we see a less hawkish rba moving forward? we have multiple guests joining us in the next few minutes. david: let's go back to mark. when you look at it, it is confusing. what is the fed telling us? mark: it is one of the most responded questions we have. we had a direct response from guggenheim. he said the option of a soft pit in their weakness and economic data continues to set the stage for increases and a pause in the future. that is pretty aggressive. we have major investors who think there is enough for the fed to pause, something that will have to be factored in. jackson hole next week, may be a hint from jerome powell about a pause, then the fomc in september, which comes with new dot plots.it will be an opportunity to express if they're getting closer to their target. there is a lot about will they pause, what does it mean for risk assets? it will be yvonne: which risk assets are most vulnerable right now?that >> everybody is the s&p 500. it has not pushed beyond that average. anything that hints at the fed being haw

what would this mean for the rba?e bank is expected to increase interest rates by 50 basis points but some economists are talking about the risk of 25 basis points next month. if the numbers are disappointing and it shows a slowing in momentum today -- together with yesterday's data report which was lower than expected, it could push the rba to go slow on the tightening. haidi: if numbers fall short does that potentially change the path? >> yes. we have seen them hike by 50 basis points, more than what they call business as usual. they've done it since june and the expectation is they will probably slow from september or october because there is uncertainty around how consumers would react. we see a slowdown in the housing market already. rba is worried about hard landing in the economy. haidi: wage numbers came through and are less than half the pace of inflation. do we expect to see a pickup in wages? there is a tight labor market so that's not why it isn't growing. >> labor market is tight so it is surprising that

interesting lines from the rba. essentially, all these central banks perhaps developing a digital currency to rival major cryptocurrencies like those of china. the rba exploring the case for an australian central bank digital currency. that exploration will take about a year. >> let's get to the latest on inflation expectations. consumer expectations for price pressures have declined sharply. this could ease concerns of rising prices getting entrenched into household behavior. let's get more from kathleen hays. some of the data was comforting. however, there is the expectation it will continue to eat into household spending. kathleen: could take a while to erase that expectation. no doubt the fed is keeping an eagle eye on this one. let's look at the numbers. this is one of the fed's number one concerns. we cannot let expectations get out of control. what inflation can we expect over 12 months? six point 8% down to 6.2%. the three year outlook went up to 3.2%. gas prices fell at the pump and are expected to rise 1.5

the next couple hours we will get some key information from australia, the minutes from the rba. the rba has said it is not on a set path, markets are expecting a half point move at the next meeting, and a quarter-point hike from there until the end of the year. let's look at the equity space as well. we are setting up for a little bit of a mixed picture. there are day to effects from china's big data yesterday. also the rate cut as well. that has been playing in the dollar, strong dollar strength that has interned been a negative for currencies in this part of the world. we are seeing futures for japan looking lower for the start. we saw the stocks are raising the year to date in the previous session and now looking a little bit overbought. haidi: getting s'more indicators when it comes to australia. you minute -- we are getting some more indicators when it comes to australia. they beat expectations, the month-to-month numbers also a little bit better than expectations. this is a little bit of a relief given we've had consumer confidence really deteriorating. let's look at the s

shery: does that mean the rba may not be lifting rates as high as the markets are pricing in?orter: a lot of economists believe the reserve bank will move cautiously. already, the treasury and policymakers have downgraded forecast for economic growth. they are not pricing in a recession yet. depending on how far and how fast they go and prices fall, the economic situation could turn quickly. haidi: we are talking about the risk of a recession? reporter: the probability is not really high right now. economists do not expect the reserve rates to take interest rates as far as markets are pricing, if the reserve rate is 3.5%, it could lead to a more sharper decline and that could cause a recession. haidi: our economics reporter in sydney. shery: the next guest tells us how chinese earnings have bottomed out and where investment opportunities are. this is bloomberg. ♪ shery: the rally in global stocks is faltering as investors weigh economic uncertainties. the morning calls today, there is a bearish consensus. annabelle: we are seeing that pivot, investors are starting to come to g

. -- the rba. they had particular strength when it comes to asset underwriting as well.e wait to see if there is more details from the trading. much more to come, this is bloomberg. ♪ don't like surprises? [ watch vibrates ] proactive notifications from fidelity keep you tuned in all day long. so when something happens that could affect your portfolio, you can act quickly. that's decision tech, only from fidelity. shery: stocks we are watching after hours, we see nvidia has more civility after falling, they had a gloomy outlook and their revenue missed projections by more than a million dollars. we are watching sofi technology after a softbank is millions have made the switch from the big three to xfinity mobile. that means millions are saving hundreds a year on their wireless bill. and all of those millions are on the nation's most reliable 5g network, with the carrier rated #1 in customer satisfaction. that's a whole lot of happy campers out there. and it's never too late to join them. get unlimited data with 5g included for just $30 a line per month when you get 4 lin

not see [indiscernible] shery: tell us about where opportunities are because with costs surging, the rbag rates, how much will it help the banking sector? >> the banking sector typically does better in the early stages of the cycle to see some expansion they have not seen in a long time but the flipside turns into what happens to demand and we've been having a low credit cycle and loss rate for years so that might change so it is positive but medium-term might be more negative. shery: wage inflation great for the workers but what about labor challenges companies are facing not only because they have to pay out more but because covid, there is not an adequate supply of labor. will that get better and how much does that -- how much does not affect corporations this earnings season the next? >> it's been an issue. the airlines, industrials, it's led to higher wages. ongoing wage inflation will continue being a problem. especially in the industrials companies and i expect to see similar in australia than in the u.s.. it is a driver for cost so it will be heavily focused on as we head into re

the rba and rbc are following the fed's lead -- rba and rbnz are following the fed's lead.icials to engage in intervention if the yen slides further. gsfm are really bearish on the yen. and we are close to the 140 target now. kathleen: it is like a hive of bees, those bears are stirred up now, so how aggressive do we expect the bank of japan to be? last time we were breaking through lower levels for days if not weeks, the boj got top and beat them back. can they do that again? >> it is a coin toss at this point. 140 is the target people have talked about, the line in the sand where we could see potentially strong intervention from the boj or ministry of finance. we shall have to see is what i would have to say. it is 50-50 on how effective it could be paid the key thing to remember when it comes to intervention is that it is often not a one-way gain. you need central bank years to agree -- central bank peers to agree to central bank intervention in the first place as they wrestle the yen back to normal levels. kathleen: ruth carson. ipo's suffer a slump in the rest of the w

to the hawkish fed speakers, bond traders in australia projecting another 50 basis points from the rba, too. we are seeing a pickup on the 10 year, and the korean won rising after the trade deficit. tech imports declining, signaling falling global demand. let's have a look at my chart which shows what is happening in singapore. the ministry of trade downgrading their growth forecast now to 3-4%, after we saw a contraction in the june quarter, year on year growth of around 4% but the concerns flagged about chinese lockdowns and aggressive monetary tightening from central banks in terms of the outlook here in singapore. dani: jules, thank you very much. now coming up with manus and become it was the dollars biggest retreat since the start of the pandemic. we will talk about cooling u.s. inflation and its impact on foreign exchange. this is bloomberg. ♪ >> this was a good report. >> this data allows us to breathe a sigh of relief. >> is nothing like we are out of the woods. >> the fed has plenty more work to do. >> the fed is still going to hike in september. >> my call is 450. >> 50 basi

haslinda: before you go, we would like you to look into the crystal ball, what do you see the rba doingext? have been pretty aggressive in reining in inflation. what are you pricing in? tony: like all the reserve banks around the world they are definitely trying to get inflation under the control and i applaud the rba on doing that. probably another 50 basis point rise on the cards. in the market there is a level of demand softened. 50-100 basis points, that could be it, but i am not an economist. i don't think anyone ever gets interest rates right. but i would say i am at the half-point trajectory of that 50 basis points. david: no offense to the economists, neither do they, tony. [laughter] tony lombardo, ceo at lendlease. you know who you are. and you know that is entered. [laughter] let's get a sense of what we have coming up this week, we just heard about earnings, it is a big earnings week in china. hundreds of chinese companies set to report. have a look at this graphic here, essentially a good representation across most major sectors. the bar is high. take a look at the magnitud

we are also watching the rba.sting its key rate 50 basis points on wednesday for the fourth straight meeting. our global economics editor is here with the latest. it is not just about today's rate hike, but what happens next? >> your battle to get the key inflation rate. rbnz was expected to see them do their fourth 50 basis point rate and row. it will get it up to 3%. it will be a total of 275 basis points of rate hike in this tightening cycled. they beat the fed to the punch when it comes to starting the rate hikes last year. what is going to happen next? the rate hikes are having an impact on the economy. could they signal -- open the door to possibly slower at the next meeting. the housing markets have been hit hard by higher mortgage rates. unemployment got to a record low. it is popped up. will that continue? to your inflation expectations outlook is still rising. earlier we spoke with mary jo out, she is the economist at kiwi bank. she focus on some of the areas she sees where the economy is being hit most.

we are awaiting the rba minutes from the august meeting. we have seen kiwi bonds creeping higher. a fourth consecutive basis point -- 50 basis point hike. this is bloomberg. ♪ >> despite the cooler inflation reading for july, the fed battle against rising prices is far from over. the central bank past mistakes may help navigate their way to sustaining economic growth and achieving that desired soft landing. david wilcox joins us with more on this. looking at the history of the federal reserve, have we learned from past mistakes? what was the biggest one and what were the consequences? >> it is great to be with you. the fed made no shortage of mistakes like any organization that is populated by human beings but what sets us apart in my view is that we learn from the mistakes. we did much better with similar circumstances on the road. this highlights to catastrophic errors by the fed made during its earlier history. first, during the great depression, the fed never engaged the full range of tools after disposal of a central bank. they did not

the rba which we will hear from in next week. bloomberg. ♪ kathleen: bitcoin has dropped $20,000 in a concern about the rate hike past, and move in tandem with u.s. stock fall off, su keenan joins us. the wider crypto market, crypto lovers was hoping the bottom was in but it does not look like it. >> that clearly is what is driving the most recent volatility. markets in general did not like what the fed chair had to say, let us drop into the bloomberg, we have been struck around the 20,000 level which help support over the last 8-12 hours, a two day drop of 7.5%. look at the screen, we have dropped back into the 19,000 level. that is for a lot of the technical strategists, the high 19 thousands, support is holding as many of the bitcoin enthusiasts will say. the gyrations have come amid uncertainty about the magnitude of fed rate hikes and there could be a riskier outfit and you have to look at the bigger picture. you have already been through a big retreat in the crypto and they are distorting to find footing once again. 20,000

because the fed is more reluctant to prevent, that will make it harder especially for the rba but also the bank of korea and other central banks to prevent away -- pivot away from high rates. kathleen: that was enda curran and garfield reynolds. you guys leave us features. thanks to our colleagues. garfield just mentioned the bank of korea governor is keeping the door open. i spoke to him at jackson hole. he told me he would join fed chairman jerome powell if prices remain out of control. >> we are not exactly targeting the interest rate cap as our prime political objective. the high interest rate in the united states will have depreciation pressure to korea, and that will impede our inflation rate. two big large differences, one thing i deal. we have to without the exchange rate to move and we have to focus on our own inflation rate. kathleen: the bank of korea will reach two quarters of 3%, you said that is reasonable. how does that look to canal? >> as i mentioned, i think it meets our expectations. i do not think we need to revise our projection at this moment. kathleen: if the inf

for australian and new zealand investments, next tuesday we have rba movements from this month's meeting and next wednesday, the meeting the -- the meeting is expected to hike 50 basis points and signal further aggression. investors are very much getting back of what had seemed like a comfort zone where they thought they knew they could see an end of two central-bank action. david: we saw the light. great context underrates market. you can follow more on the story. mexico, peru, argentina raising interest rates, 1700 basis points over the last few weeks. on your terminal. get a market run down on here from our expert editor. you can find out what is affecting your investment right now. david: mexico --rishaad: mexico 75 basis point compared to what argentina did. let's get the first word headlines. opec saying it is expecting global oil markets to tip this quarter, downgrading the outlook for crude and bolstered estimates of four supplies. the cartel forecasted the amount of crude it will need to pump in the quarter by more than a million barrels a day. opec's revision is a divergence fr

also in australia and new zealand, the rba continuing to say they are data-dependent and there is no set path for rates but they did flag they are likely to hike again. we are also watching a sell down in softbank on a report that the hedge fund elliott management has offloaded almost all of its stake in softbank. all of this uncertainty over the chinese economy, the surprise cut yesterday, leading to a fairly flat market on the msci asia index, some of the index -- the weakness being offset by gains elsewhere. dani: thank you very much. juliette saly in singapore. let's look at some of the key things that participants will be watching out for today. in less than an hour we will get the u.k. labor data. unemployment is expected to remain around 3.8% in the three months to june. the jobs market remains red-hot through the quarter. then we will get the germany survey for august, investor confidence. that has been hard-hit by soaring inflation, the energy crisis into the war in ukraine. 12:00 p.m. u.k. time, walmart will release its second-quarter running reports, followed by home depot

deals in the space grinding the 'rba ia lt wee ckn just two (vo) hi. we're visible.ifferent kind of wireless company... ...running on a big impressive wireless network. how are we different? we exist only on your phone. so you get unlimited data for just $30/mo, taxes and fees included. plus we have a new plan with 5g ultra wideband. switch today at visible dot com. >>> shares of cisco are on the move just hours from reporting results as investors look at the latest read on potentially slowing tech demand. frank holland joins us with more on what to expect. >> cisco shares down nearly 8% since last earnings where the company missed on revenue and they dramatically reduced guidance, citing the war in ukraine and covid lockdowns in china that impacted supply chain both as major headwinds. cisco guidance putting revenue about a billion dollars below what the street was expecting for the quarter at that time you can see the street has as justed, expecting a 3% deklain in revenue and eps for q4. the big question will be forward guidance because china is still in the proce

rba aerhi t developer isn't easy. but, at upwork, we found her.'s in prague, between the perfect cup of coffee and her museum of personal computers. and you can find her, and millions of other talented pros, right now on upwork.com ♪ in any business, you ride the line between numbers and people. what's right for the business and what's best for everyone who depends on it. solving today's challenges while creating future opportunities. it takes balance. cla - cpas, consultants, and wealth advisors. we'll get you there. >>> welcome back to "the exchange." we're pretty much at the session highs. the dow is up 278 points the nasdaq is up almost 1.5% as for the movers this hour, we're watching illumina which is the worst name in the s&p after it missed on the top and bottom line, gave disappointing guidance as well 8% drop in the shares as of this afternoon. meantime, toast is surging after a narrower than expected net loss and raising its full year guidance the company seeing a record number of new locations are using its technology shares are down 70

. >>> up next, the etfs you need to watch 'rba rhtft ts.wee ckig aerhi ♪ icy hot pro. ♪ ice works fastto freeze your pain and your doubt. ♪ heat makes it last. so you'll never sit this one out. icy hot pro with 2 max-strength pain relievers. >>> welcome to the etf portion of halftime report, i'm bob pa see noochlt after powell, what's next for the markets let's talk to dimensional fund's head of investment strategist. west dimensional runs $575 billion they're known for their long-term fundamental investment philosophy what advice would you give investors about the exact of inflation on corporate earnings. that's the big worry on the street. >> even if you looked at the markets last week, i think it's a good reminder when you see market vulneraolatility, they'rg their job. to us that tells us that we need to be disciplined as investors we need to make sure we're there to capture the equity premium. you're going to love this stat if i go back to 1997, find us a thousand dollars in the u.s. market in the russell 3000 index, that thousand dollars would have grown into a little bit over $1

we have plenty of risks this week, whether the rba, the rbi, boe, jobs report, and the u.s. all wrapping up the week as well. rishaad: absolutely. we're looking at pmi numbers that came out over the weekend, also the ones that came out a short while ago with the chinese manufacturing pmi weaker than expected. not as bad as official numbers, however, which were showing contraction. there you go. we have property sales continuing to shrink. we have the fragility of the economic recovery, seeing sporadic covered outbreaks, all of that causing more policy stimulus and order to get growth going in china. the official figure was in contraction, unlike the tie shin one which came out at 49%. it came out way below the analyst forecasts. we got some commodities under pressure. we have certainly some which are using infrastructure bills without stimulus and with numbers all painting a fairly poor picture out there. let's have a look at what is going on with regards to chinese banks. these mortgage boycotts which are seemingly at the moment gathering more and more momentum. let's have

central banks such as new zealand could be ending the rate cycle earlier, the rba yesterday with a dovishat new zealand and australia may be ending that soon as well. rethinking how far the interest rates could be for the markets, and for the moment, starts to favor the u.s.. the dollar strength will come back. haidi: let's get you to vonnie quinn. >> nancy pelosi has become the highest-ranking american to visit taiwan and 25 years. china has announced missile tests. some of the most provocative actions in decades. policy greeted officials and is set to hold a joint press conference on wednesday morning. federal reserve officials want to see evidence inflation is on a downward path. they all hinted the fed has a ways to go on reaching price stability with prices ranging 9.1% in june. slower growth may be necessary to control inflation. >> it is, are we growing below or above trend? my forecast is we will be growing below trend. that is necessary in order to get price increases, inflation under control. >> a study in israel shows hospital workers who got a fourth those of pfizer will less

but the rbnz and rba will have a big test for the health of the households and whether economies cantand those sorts of moves. haidi: let's get more on that. a commonwealth bank of australia reporting highest cash earnings in four years from continuing operations of 11% on the year. the senior analyst matt ingram joins us now. when you look at the nuances and the outlook, what does that tell us about the health of households in loan growth going forward? matt: thanks for having the on. household loan growth is definitely going to slow. cba called out slow and consumer confidence and high inflation. those two will have an impact on their mortgage. the cba is in pretty good shape. they grew by 8% this year. investor lines have been very strong. those unoccupied lines could still grow into next year thanks to strong approval numbers we sought the end of june. -- we saw at the end of june. haidi: how do you gauge the sensitivity to rising rents? matt: it was a bit of a surprise that the margin dropped again in the second half by as much as it did. but the cba is the most sensitive of aus

we have the rba forecast for wage growth helping to boost the aussie dollar.e aussie dollar steady at the 1275 level. we've seen significant weakness lately, so that has given a boost to the greenback as well. the offshore one not doing much. we have the market opened in sydney, so and tokyo. that's next. this is bloomberg. ♪ shery: this is daybreak asia. another week when we are focused on inflation concerns. we have the cpi numbers, the headline numbers expected to ease. we are getting ppi numbers. we haven't even touched we do have numbers for asia. >> there is such -- there is just split in the market. there is this even as we continue to see some indicators. >> we are expecting those treasury yields to come online. we actually saw the tenure yields were passing on the t-1 & level. we see them bracing for more aggressive fed tightening. take a look at the nikkei under pressure at the open as we are holding steady on the japanese yen. 135 level against the u.s. dollar. we continue to see the divergence when it comes to where the doj is going, where the fed

solar saying it will spend to expand manufacturing in the u.s the stock is up almost 80% in three nt 'rbathing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. if you have this... and you get this... you could end up with this... unexpected out-of-pocket costs. so if you're on medicare, or soon to be, consider this. an aarp medicare supplement insurance plan from unitedhealthcare. medicare alone doesn't pay for everything. and what it doesn't pay for, like deductibles and copays, could add up to thousands of dollars. medicare supplement plans help by paying some of what medicare doesn't... and making your out-of-pocket costs a lot more predictable. call unitedhealthcare now and ask for your free decision guide. medicare supplement plans also let you see any docto

dollar, given that they are both hiking and tightening, but the fed not as fast as the rba.ay these rate differentials across the world? guest: the interest rate differential will continue to narrow over time because australia is perhaps on a slower path compared to the u.s. and we do have to tighten quite quickly to really suppress some of the inflation that is coming through, whereas the u.s. perhaps, they have the expectations. but net-net, all of us will see inflation and keep fingers crossed the next few readings that it will start to talk about. but we have to wait and see. haidi: when you take a look at structural growth opportunities, what stocks are you liking? i know you are still bullish on health care. guest: when we talk about these uncertainties out there for the share market that is more neutral valued, health care is a standout place because their growth is not underpinned by economic activity and the like, and they have the structural growth levers. it is fantastic as part of the portfolio. if anything, a lot of them have been sold off during that growth sel

political and it is obvious to anybody who looks into this, watching the democrats are politicizing the rba the voting rights act -- seeing the overturn common sense unlawful state into -- integrity reforms look at the example in georgia it has been discussed today mostly from one side, but the department of justice -- sues the state of georgia over the election law -- that law, if anybody can google this and research it for themselves do not listen to what experts are saying about it look at the law it strengthens ballot -- ballot box protections and it enhances the states election integrity that is why it was supported but one of the experts that had this committee -- said that the doj's lawsuit and the biden administration filed against georgia lyle -- law reads more than that -- syria's lawsuit by a political justice department. -- serious lawsuit by a political justice department. -- all the other hearings that we have had on this subject and related to it. the people are imposing faith in our election system and the accusations that are flying back and forth but more importantly than