meeting next week to decide on the cost of borrowing. market analyst peter maguire says if chevron strike issues are resolved, they will have a big impact. you ve got 500 workers, two major plants and they produce around 5% of global supply. it s a major impact and certainly asia would be. ..would feel it more than anywhere else in the world. i guess it highlights that wage demands are rising despite the dip in inflation that we saw recently. what will be the impact on the central bank? as far as central bank s are concerned, we seeing hopefully with retail sales fairly strong. if that s not a bad point, normally a good point but it could further inflation, we are expecting inflation to come down. that could be a good sign next tuesday with no rate rise. but we got to wait to see how that number drops. it s coming out in a few hours. the target is 2 3%. what range are you expecting the number to come in? if you re looking at annual rate, you re looking a 5.2 forjuly, down fro
like the rest of the world. the reserve bank of australia will be holding its monthly meeting next week to decide on the cost of borrowing. market analyst peter maguire says if chevron strike issues are not solved soon, they will have a big impact. you ve got 500 workers, two major plants, and they produce around 5% of global supply. it s a major impact and certainly asia would be. ..would feel it more than anywhere else in the world. i guess it highlights that wage demands are rising despite the dip in inflation that we saw recently. what will be the impact on the central bank? as far as central bank s concerned, we seeing hopefully retail sales fairly strong. if that s not a bad point, normally a good point, but it could further inflation, we are expecting inflation to come down. that could be a good sign next tuesday with no rate rise. but we ve got to wait to see how that number drops. it s coming out in a few hours. the target is 2 3%. what range are you expecting the nu
destructive waves are expected to slam the coast. the purple on this map here shows what areas can expect more than a 12 foot surge. evacuations and preparations for the storm are under way. the worst of it is expected to hit the more sparsely populated areas for the north. things can change quickly. state police will shut down bridges once the wins intensify. florida governor warned residents to evacuate now while they still can. you really got to go now, now is the time. you don t, if you stay and hunker down tonight, it s going to be too nasty tomorrow morning to be able to do it. joining as is someone hunkering down and basing for that storm and tampa, florida. what are things like where you are at the moment? things like where you are at the moment? ~ , , the moment? well, pretty calm at the moment. the moment? well, pretty calm at the moment. we the moment? well, pretty calm at the moment. we have - the moment? well, pretty calm at the moment. we have had i the mom
by forecasters as extremely dangerous is heading towards the us coastline. these are the live pictures from key west in the south of the state. the hurricane is expected to hit further up florida s west coast. evacuations are underway in 21 counties and residents have been warned to prepare for violent winds, intense rain and a potentially life threatening storm surge. these are the images of the storm from 250 miles above ea rth s surface. the international space station passed over hurricane idalia as the storm churned over the gulf of mexico. it s been moving north, and is now a category 2 hurricane that s according to the national hurricane center. that could mean winds of up to 110 miles per hour. but, as ever, it s the storm surge that has the authorities most concerned. this is the situation on the ground. this footage was taken from a sea front hotel in key west. the wind and in evidence. in the last hour florida governor ron desantis had a message for people in t
Welcome to asia business report. we begin in australia. a planned strike by workers at two massive offshore gas plants run by us major chevron highlight that even with a small dip in inflation, wage pressures are not easing. unions are asking chevon to improve pay and conditions. workers at rival woodside energy last week managed to reach a deal on conditions, and shell did last year as well. in a couple of hours, we ll be getting the latest reading on the country s consumer prices in the month ofjuly. 2 3% is the target. australia managed to achieve that from the 1990s, but since the pandemic, it has seen inflation rise outside the target range, just