, the fabric of it.— across i think the rba, the fabric of it. �* . ., fabric of it. heard a lot about _ fabric of it. and we have heard a lot about prices _ fabric of it. and we have heard a lot about prices of _ fabric of it. and we have heard a lot about prices of groceries | a lot about prices of groceries and supermarkets in australia. seems wages are not keeping up. what has it been like there on the ground? a lot of hurt on main street, certainly everyone is feeling it as far as consumption for the credit card debt is pretty much maxed out on all of those impacts going across rent, fuels, services and everything else. there's a lot of hurt and people are looking for some sort of respite which in turn impacts naturally mortgage and the big cause of the month. looking towards the us and a potential race —— rate cut. is that what is happening in australia?— that what is happening in australia? ~ �* , australia? we're sitting back to see where _ australia? we're sitting back to see where it _ australia? we're sitting back to see where it rolls - australia? we're si

experts are hopeful of a rate cut some time this year but the rba is expected to keep rates as they areor now. last week, a number of central banks tweaked monetary policy. the bank of england delivered its first rate cut in 4 years, citing lower inflation. the bank ofjapan hiked rates for the second time ini7 years due to consumer prices edging up. in the us — the federal reserve held steady but fed chairjerome powell hinted at a potential rate cut in september. let's turn to financial analyst peter mcguire. he's been speaking to me about what policy makers in the region are looking out for her. many different facets they need to look at. the inflation numbers, job numbers, to look at. the inflation numbers, 'ob numbers, what's numbers, job numbers, what's happening with housing. i think the deal at the moment is the same pat. probably a 25 basis point cut is pretty much patent by sometime in december. that seems to be the mood across the fabric of it. seems to be the mood across the fabric of it— fabric of it. we've heard a lot about the _ fabric of it. we've heard a lot about the pri

certainly not enough to suggest the rba would be ready to cut.s to be the consensus. meanwhile, we pattered traumatic day on global markets again. most of the action in japan. the nikkei and the topics both better by 10% at the moment and there will be a meeting later today between the bank of japan, the financial services authority and the ministry of finance. standby for any news out of that as well. that is it from bloomberg markets: asia. horizons middle east & africa are next. this is bloomberg. ♪ it's time to grow your business. create a website. how? godaddy. coding... nah. but all that writing... nope. ai, done, built. let's get to work. create a beautiful website in minutes with godaddy. joumanna: good morning. our top stories this morning. japanese stocks leading a tuesday turnaround after a meltdown, reversing most of yesterday's losses. the yen snaps survived a rally. the u.s. and allies work to head off an american attack on israel

ats time there were 3 settlements one was mission rba buena which was urban as center.eople in 1848 it was small. a lot of historic buildings were here including pony express headquarters. fargo. hudson bay trading cpany and se whom willam leaderdorph who lived blocks from h successful business person. africaer and the first million airin california. >> wilwoman was the founders of san francisco. gold rush came in the early 1840s. he spent time stake himself as a merchant seamannd a business person. his father and brother in new orleans. we know him for san francisco's history. establishing himself here arnold 18 twoochl he did one of many things the first to do in yerba buena. wa california yet and was not fully san francisco yet. >> he was an american citizen but spoke spanish he was able to during time taking over california from mexico, there annexations that happened and conflictmewar, of course. he was part of the peek deliberations and am bas doorship to create the state of california a vice council to mexico. b]xi granted him citizenship. he loaned the goveren s

experts are hopeful of a rate cut some time this year but the rba is expected to keep rates as they arer inflation. the bank ofjapan hiked rates for the second time in17 years due to consumer prices edging up.

experts are hopeful of a rate cut some time this year but the rba is expected to keep rates as they aren four years, citing lower inflation.

a chart shows the tightest policy rate and the rba has the loosest.s the bank of england translating through to the pound. >>. market positioning ahead of the dater and what it did mean for the boe. thank you, indeed. 10:00 a.m. u.k. time euro area zew survey will give a gauge of the economy as markets price in 67 basis points of cuts and september is the next cut. option of german two-year debt and the big data point, ppi for july out of the u.s. and that could inform views. home depot earnings crossing stateside. vulnerability of four may be, rafael bostic speaking at an event. will he push back on the narrative? his comments could be consequential. european defense contractor comments amid the conflict in ukraine. i will speak to ceo suzanne. stay with us, this is bloomberg. ♪ ♪ tom: welcome back. zelensky confirmed forces seized russian territory. the fighting pushed prices high, although both sides will himkeep the fuel going. put it in the historical context. tony: that tells you the significance and how embarrassing it is to confront. ukrainian

carefully and very calculated words are said that it's a good growth rate in the country that is given the rbafinitely has been something that has kept rbi on the toes. after bringing down to a certain level, even injune because of high food prices, the inflation went up above 5.57% and that's something that rbi is not comfortable with and the biggest factor there is food prices especially that of remote, india isn't driven agricultural economy and how the monsoon plays out in full production directly impacts prices of food that people here, like us, by for a household and that's something which has been wavering and has been very stubborn in the last couple of quarters and has not come down and that is bent on the minds of the ibi suddenly although in the last few quarters, with inflation coming down slightly, there has been a divided view of the monetary policy to at least signal a rate cut in the coming quarters but rbi, as it seems today is squarely focused on bringing it under the 4% target that they have kept for themselves before moving any further on rate cuts. �* ., , ., ., cuts. befo

, but it is a cut, then i would expect the other central banks would also be on that bandwagon, but rbas not going to be one of them because the australian central bank has already said that there is still some way to go for them to even consider an easing, so peer pressure is not going to be an issue. >> that is among your conviction calls, right? what else do you like? >> while i expect the yuan to appreciate against the dollar, looking at the backdrop of the chinese economy, i would expect it would underperform its trading basket and we have already seen the renminbi-weighted index go down. paul: do you feel there is much risk of you and carry trade unwind that we saw with the yen? >> the carry trade and the one, i have always been wary of the carry trade and the yuan simply because the ability of the chinese authorities to control the funding or because the funding in the yuan makes it very difficult to ensure that you have a proper carry to expect, and we have seen that carried out in the funding market in the offshore. having said that, when you're looking at the rate differential

there's also, the rba has flagged off the potential concern from an unsecured lending perspective as increased leverage amongst customers. for the federal banks, we have kept a close watch on it. unsecured is a small portion of the entire book, even if you include micro finance. for us, it may not be such a big concern but the market as a whole has been looking at that with a fair amount of concern. having said that, the flipside of the coin is quality has been good over the last few years and that helps. it's a balance between deposits and unsecured and the good asset quality banks have been able to do on the other side. the biggest challenges we see for the changing customer preferences back on deposits and potentially risks around unsecured lensing -- lending. paul: thank you for joining us today. let's look at how the indian markets are tracking at the moment. we are looking at a modestly risk on sentiment at the start of the session and the sensex better by about 1/5 of 1%, the bank index better by about the same amount. let's check in on adani power, hearing that they are in ta

so take the aussie dollar for example, it's strengthening on the back of the hawkish rba. it tracks too much of a beater from china's view. expect a very strong q4 investment growth on top of consumer growth. >> so they can't necessarily hit that growth target without stimulus though. that's one view. at the same time, they have been pointing downward, but the policy makers have been the target. >> i think how markets are pricing, they will pull the trigger, but i'm more concerned about what kind of growth. they do realize that in china, setting out financial risks for the future, thus there's some support for the household to hit targets right now. i think it's a combination of everything. i do agree right now vibes are to be very, very cautious. the market, however, is anticipating some news to hit that target. >> interesting to watch. giu giuffre, just before i let you go, what is it? >> i would say watch the pmi numbers and watch for any action because comparing sweden versus eurozone, sweden knows the importance of manufacturing. why is the ecb not reacting to that? t

i think you made the point, rba government buy and for the people in which all powers flow from the peopletheir duly elected representatives who are actually supposed to be the stewards of the power and money given to them by the american people to actually govern them and i think this is the issue for me in this election 2024. is who will govern this country moving forward and will would be a constitutional republic or an administrative state? it comes down to who decides. the great sin for donald trump in the eyes of the amended strata of state was that he thought he decided both domestic and foreign policy and the american people have to decide do we want hour duly elected representatives to govern endpoint this government in a direction that benefits the american people, or are we just going to be second-class citizens for the ruling class. and basically atms sheens for their priorities. the administered estate is the issue for 2024. >> he's not running against kamala harris. is running against the system and what you described. really quick tammy what's going to happen on monday night

'rba rht after this. formulations of 7 moisturizers and 3 vitamins.skins, gold bond. >>> welcome back to "fast money." shares of boeing getting a boost after its july order and delivery numbers. the plane maker posting its second straight month delivering more than 30 737 max jets. overall net orders came in at 71 aircraft with 43 planes delivered. it was the company's best month for net orders and second-best for deliveries so far in 2024. but both metrics still far below where they were year to date this time a year ago. so, i mean, good news, but obviously the overhang is st still -- >> yeah, i -- >> production. >> there's no -- well, the overhang is now sentiment, too, and there was a time, if you had given this number to the market, i think a year ago, i think the stock would be in a very different place. i mean, the reaction, first of all, there was an update from market, boeing's had a decent bounce. i think the numbers are about improving stability. the dynamic, the $10 billion order with poland for apaches is something very ositive. i think,

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