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business news live from singapore. no recession for more than 25 years. find out if the australian economy is still going strong as we count down to the latest great figures. and the price of bitcoin dips after china hits the breaks on crypto currencies. welcome to asia business report, i m sharanjit leyl. welcome to asia business report, i m shara njit leyl. australia welcome to asia business report, i m sharanjit leyl. australia has been ona sharanjit leyl. australia has been on a record streak of economic growth, mainly due to a mining boom. there are expectations it will continue to show steady growth as we wait for second quarter gdp due out this morning. but why household debt as well as slowing demand for minerals from china could dampen growth in the future high. earlier i spoke to paul dale is from capital economics in sydney and i asked him how the australian economy will fare over the next few years. i don t think australia will do terribly badly over the ....
also coming up, we will get reports that the drink maker could soon be a target of a takeover bid. let s talk about the big story of the day. it is the united states read it is the first friday of the month. the markets and the fed are watching for signs that the economy is recovering. we will hear from nouriel roubini and what he has to say on u.s. jobs shortly. he has been speaking to us from in anores of lake cuomo exclusive interview. but first manus cranny joins us to look ahead to the data. the weather has been a big factor. over here, we have been blaming easter. over there, we have been blaming the weather. a strong number is priced in. the 10 most accurate forecasters that we survey at bloomberg say 215,00. the adp number yesterday, services above the level. people are buying cars. how much of this good news is already priced in to the markets? it depends what evidence you want to look at. bmw, toys r us a bit slow to hire people. financial services u ....
forward tochlt 101 south. notice the deck another back up the crush of traffic has been worse. getting out of downtown, 280 shut down this weekend. they re not only half as many, all drivers will need to squeeze on to 101 southbound the back up on to 101 started this afternoon. traveling a few city blocks every half an hour or so. how is traffic. very bad i only work on second and harrison. i ve been in the car 45 minutes we got the carpool. the carpool got us here. we re trying to get to the point. for those driver who s usually head out of the city on 280 south. and 101 south you ll need to find harrison and 4th, where i m standing. the giants game sells out. trying to guide drivers used to taking 280. couple pieces of advice is be patient, pay attention to detour signs good advice. let s check in now with laura anthony who had the worst assignment of the day, driving in the traffic. how much a grind has this been for you this afternoon? laura? well, carolyn ....
away. good evening, the closure of southbound 280 has caused a traffic bottle neck in the city tonight. take a look at this live picture of the skyway. and headed towards highway 101, packed with traffic becau it s a breeze for folks heading to the lower deck of the bay bridge. and here you can see what it s like right now at the bay bridge toll plaza. we ve been waiting to get on to the bridge and into the city it s jam packed as you can see here because of a holiday traffic get away. it s just been brutal we have live team coverage tonight. laura anthony is in oakland trying to get to the toll plaza. he i want to show you how bad it is. here we are at 4th and harrison. once passes by. you re going to see a big back up for several blocks let me show you something else here is traffic enforcement officer. she s been scribbling down citations if they re violating those rules now, for those people have have been able to make it down harrison. here is what you ....
it can no longer accept u.s. customers as market regulators say its trades aren t legal. shanghai composite closed below 2,000 for the first time in three years. it comes at a time when plenty have been talking up chinese growth prospects for next year. so we ll get into that more later. but 1991 is the closing level. this the main one to watch across asia. the nikkei did manage to continue it rally adding about 0.4% as the yen weakens on comments this morning. forex, the dollar-yen one to watch, 82.19 is the level there. the aussie dollar doing a little bit abouter despite that weak number on the shanghai composite. sterling is flat. we ll get into that more later. and euro-dollar just barely higher today, we did see it rallying over the 1.30 mark last night. as we look at crude rallying adding a third of a percent. brent about a quarter of a percent. copper, we re adding 0.2%. 354 bucks on that contract. the real foe you can as we continue to examine whether china s e ....