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
Between him and donald trump. The nikkei to 25 about. 5 higher than weve seen. And of rockets around the region really outperforming, including australia. Some intra incremental gains, the dollar yen has been interesting on thes expectations from the bank of japan. For impact when it comes to the japan equity rally, its been sort of a nonevent. Weve seen any attempts turning short on japanese stocks becoming increasingly risky. Shares of socalled lowquality companies have seen quite a lot of volatility on this Reform Program that has driven so much of the optimism toward equities. Watching on the back of that Political Risk aspect as well. Looking at korea, seeing a lot of foreign buying interest. Similar optimism that perhaps about your program can be successful and can elevate a deal with the korea discount in the same way weve seen it successfully done over the past few months in japan. A lot of chip stocks are in focus today. Chips in focus as we continue to see this too and fro fr
50 giga watts of coalpowered plants every year . Thats china. China who we rely on to buy not only the elements and minerals we need to do electrification but china who grows most of the solar panels with slave labor, theyre building a big coal plant every five days. Now, natural gas in the United States has caused us to be able to reduce global Greenhouse Gas emissions more than any other country in the world. Were only around 13 of the global Greenhouse Gas emissions now and china is over twice of that. But when we become more dependent on china, when we become more dependent on russia who are big polluters, then were becoming more responsible for global Greenhouse Gas emissions than if we use our own energy and minerals to build things here, build them more efficient and more effectively than any place in the world. I reserve the balance of my time. The speaker pro tempore the gentleman reserves. The gentleman from california is recognized. Mr. Huffman im glad to hear the gentleman
On tv and radio. The only reason we are on tour is bramos birthday. Happy birthday. Lisa thank you. Jonathan what else do we do on the birthday tour . Lisa im going to camden this afternoon. Tom hot, brown water with the king . Lisa you are appreciating yourself. It is a proper hot water. Tom 80 with crumpets. Jonathan lets restart. Fantastic guests, lets start with equity future on the s p 500 positive by. 1 . Not talked about enough this morning, we are very close to highs on the tenure this morning. 434 in america. Tom it is underplayed in america. 10 year real yield as the benchmark, against two percent, anything past 2. 03 is something new. This is underplayed right now. That is going to change abruptly. There is a meeting on wednesday. Jonathan there is neither another meeting on thursday. Your favorite line come that phrase from the disney movie, a whole new world. Tom it is a whole new world. Jonathan when wage gains do not get it done. Tom for the american audience, it is stun
They have spent a lot of time in vietnam i believe in the 90s or earlier than that as journalists for Eastern Economic review. And they both speak perfect vietnamese. I hope they dont start speaking that here. So todays topic is to discuss vietnams relations with both United States and china. Because of the flareup of the South China Sea dispute in recent years there have been a lot of questions and a lot of skepticism about vietnams alignment choices, external Foreign Policy choices. And china and vietnam apparently theyre both governed by communist party and its oneparty rule. Although could you argue that the political reform in two countries have taken different speed. So we are also eager to hear from the experts how the vietnamese domestic politics evolution also affects their Foreign Policy choices between the United States and china and how do we understand the future of these two bilateral relations. Thats enough talking from me. Ill invite dr. Pun to share with us her perspec