Welcome to daybreak australia. I am haidi stroudwatts in sydney. Annabelle i am Annabelle Droulers in hong kong. In the top stories this hour, asian stocks primed for gains after an upbeat day on wall street was job data supporting the case for fed rate cuts this year. Around 600 Japanese Companies as well report earnings later today. Haidi president xi pledging fresh investment in hungary as he receives backing for beijings pushback against overcapacity claims. Annabelle we are to the bloomberg tech summit as Silicon Valley leaders talk ai and much more. We will hear this out from snap ceo. Kicking off with breaking news this morning, we have perus central bank making its Rate Decision as forecast by most economists. We are seeing that cut coming through to 5. 75 earlier at 6 . We did action have a decline last month in Consumer Prices that sort of green lit what has been a secondquarter point reduction here but inflation last month slowing to 2. 42 in line with the Central Banks targ
Read about hackers i know there was a tesla that was hacked from a number of miles away i read so is it possible in the future were going to have to worry about self driving cars be hacked and essentially cars being weaponized perhaps and you know support of some terrorist activity told you it was weird its not a weird question youre actually spot on the reason we dont have Autonomous Cars on the road today because of some of these factors we have Insurance Regulations government regulations the hackers and the attorneys who are just waiting for someone to hack so the Current Administration has stopped what they call v. To v. Which is vehicle to Vehicle Communications and the reason that is thats going to actually slow down this Autonomous Cars and im currently today in buffalo we just had a seventy five car pile up because of a white out there is nothing an Autonomous Car could have done to save you it probably would have been worse and the reason for that is when those cameras which
Probably would have been worse and the reason for that is when those cameras which work on lidar and radar when theyre blocked because of ice and snow you need to have the skills in order to take over that vehicle if theyre not going to teach people how to drive cars anymore youre asking for a lot of problems so i think before you jump to the Autonomous Car concept maybe just call a new birth if you dont want to drive. Lauren fix the car coach i love that car coach great brand and we hope youll come back thanks for joining us take care any time thank you to. Time now for a quick break but stick around because when we return well examine britains trade options as brets it approaches plus well ask brian martin of trinity Asset Management if the bond markets are about to make a big move as we go to break here the numbers check out oil still above sixty it. At the closing bell. Los angeles the city of luxury and fame but also an Alarming Number of People Living in the streets. Simple fact
A ramp up the u. S. Production but u. S. Automakers got a makers are actually starting to build more factories here were hearing from different manufacturers of course kiya builds in west point georgia theyve expanded their facility theyre putting together a battery facility youve got hyundai building vehicles in alabama audi has decided to build for some reason in mexico well see how thats going to change with nafta which may go away if nafta goes to the north American Free trade agreement that could really impact product going to and from mexico which could increase the cost to manufacture so theyre really doing everything they can to build more vehicles here g. M. Is on board with that chrysler is on board youre seeing every manufacturer think you know what theres got to be a place somewhere in the United States that would like to have our facility and youve seen even toyota they moved to texas and built a huge facility so they know exactly what theyre doing. Lauren were about out o
I think were about to begin. And theres still some seats if youd like to come sit in the front. Good evening and welcome. Im warn hogue, ipis Senior Adviser for external relations, and im happy to welcome you to this distinguished author series event featuring thomas j. Christensen, author of the china challenge shaping the choices of a rising power. Now, the reason that tom and i look like, as he said, were suicide bombers [laughter] is im wired for sound by ipi, but also c is here. So were also cspan is here. So were also wired for cspan. Now that verb shaping, in the title, shaping the choices of a rising power, is well chosen because its toms thesis that this is the challenge facing american diplomacy. Not defying or confronting or defeating the vast and powerful nation that represents the other half of what is the 21st centurys defining bilateral relationship, but nudging, persuading, urging, convincing china that contributing to the International System and acting in cooperative