Haidi welcome to daybreak australia. Im haidi stroudwatts in sydney. Paul we are counting down to Major Trading opens this hour with u. S. Stocks at alltime highs in the runup to fridays drop support with jay powell saying the fed is not far from the confidence needed to cut rates. Dovish signals too from the ecb with Christine Lagarde suggesting lowering borrowing costs us soon as june. Paul President Biden to deliver his state if the Union Election pitch making the case for his second term and a likely rematch with donald trump yet haidi a right decision crossing the bloomberg now with perot central bank leaving the reference rate on hold at 6. 25 . The forecast from Bloomberg Economics was a cut. Nearly all analysts in the survey saw the key rate falling to 6 . We saw inflation speeding to 3. 29 in february still above target. That expectation still that they would cut to the lowest level, more than 1. 5 years, that has not been carried through from the peru central bank. They left
Industry group rather advocacy cause to try to mobilize public support. There is Something Interesting and unusual because we usually think of grassroots mobilization as the purview of citizens organizations, social Movement Groups and what weve seen over the last few generations that turns grassroots participation into a commercial service. Corporations are increasingly concerned about the reputations and Industry Groups often have pieces of unwelcome regulation that they need to respond to they dont want to just rely on inside blogging anymore. Sending specialized lobbyists to washington or sacramento to plead their case. Doing things like providing testimony, doing things like talking directly with policymakers. What these consultants do is within your times columnist has called with my pms is what many people think of it im obvious. They are not your conventional lobbyists that whole feed your lobbyists that whole feed your case in the state capital in washington. They are lobbyist