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And protests against the nomination of the new election chief considered too close to the former president. Barbara welcome to the program. The United States has toughened the stance on chinas dispute to offshore resources and most of the china sea, calling them completely unlawful. But pompeo has released a statement saying beijing has no legal ground to unilaterally impose will on the region. The move is likely to further increase tensions in the nation. Sanctionsenators were for supporting measures in the treatment. Kimberly has more. What is so pronounced is the fact that up until now, the u. S. Maintained when it came to disputes with the territorial waters and claims china has made in the waters that this really needed to be resolved at u. S. Backed arbitration. This is a departure from that standpoint. The u. S. Secretary of state coming up strong, accusing china of bullying and being unlawful in their claims and making clea ....
60 billion kiwi dollars. It is projecting a contraction of its gdp in the Second Quarter to 21. 8 . New zealand maintaining its benchmark Interest Rate at 0. 25 , all pretty much as expected. The rbnz has been at the forefront of supporting the 0. 5 already. Ates under a lot of pressure for this fiscal stimulus, as weve been saying, to double to 60 billion kiwi dollars. Facing a lot of scrutiny on whether to take rates to negative. We will see if it does that later on. For now, keeping rates steady. Kathleen bring in hays. It does seem like rbnz did exactly what the markets expected. Absolutely. There was no changing sentiment in the key rate. 75 basis points move in midmarch, that emergency front, the rbnz saying they are prepared to cut the cash rate further, taking it lower, then that door gets opened even wider. They are saying that the balance of economic risk remains to ....
Lower starting point at 399 i asked cook if he was worried about the se denting demand for the higher priced models and then tanking his margins cook dismissed that telling us we are never worried about cannibalization. Our view is if somebody is going to cannibalize it better be us theres probably a little overlap between the two. The se right now cook saying appealing to android switchers and appealing to people who want the most powerful phone but in a smaller form factor. Sticking with the iphone i asked about iphone demand in china what are they looking like and can we use china as a leading indicator for other geographies in countries, europe and the u. S. Cook telling us there was a significant, very steep falloff in february that began to recover some in march, and weve seen further recovery in april so it leaves us room for optimism its hard to tell if thats a leading indicator, cook says there are differences. The u. S. Has had very bold stimulus programs and i think that wil ....
I wonder if you could go back to that and mention why it is a scenario rather than a forecast, is not really a worstcase or how much of a worstcase is it. And if we are really looking to learn and to manage these scenarios, do we not need to be more robust about saying what the worst case actually is . First, the question of a scenario versus a forecast, the , the point applies to both committees. Forecastw, one makes a when one can take a view of the probability distribution of district outcomes around that forecast. Forecastmal to make a and say this is our best collective judgment, and then to publish a range of outcomes around that, and then for the financial policy committee, to look at the less likely outcomes , whereas the Monetary Policy except the central one. I think the judgment of both committees was that this pandemic, the weight is playing to the World Economy a ....