australia is the exception. it had pretty much of the toughest border regime of the pandemic just six months ago. now, very few restrictions are in place. that's leading to unbridled surges in covid here, particularly, in the southern hemisphere winter. you are seeing at uptick in the number of people going in the hospital, pressure on hospitals, leading to this decision to expand the usage of these two antiviral treatments, particularly, as you get these more contagious subvariant, that ba.5 is. kathleen: let's move on to china and shanghai. if i was a resident there i would be having a hard time doing anything. they found 24 infections recently. any other place in the world, it would have to be shrugged off. it could be lockdowns, the economy still showing signs of weak demand. what can we expect to see their, emma? emma: groundhog day when it comes to china, a stark contrast to australia. 57 new cases saturday for shanghai. that's significantly higher than what they were seeing a couple weeks ago when they we

australia. whereas before it was just flocks of sheep that symbolise australia.- was just flocks of sheep that symbolise australia. words are difficult to _ symbolise australia. words are difficult to describe _ symbolise australia. words are difficult to describe the - symbolise australia. words are difficult to describe the might i difficult to describe the might and majesty of the structure, even — and majesty of the structure, even pictures can hardly do it justice — even pictures can hardly do it “ustice. , ., justice. the sydney harbour brid . e justice. the sydney harbour bridge represents _ justice. the sydney harbour bridge represents modern l bridge represents modern australia and has done since it was built in 1932. the first big celebration of white australia policy if you like, was in 1938, 150 years since governor billups turned up with the first fleet. the bridge was there in posters and souvenirs and all the rest. black australia had been here for many thousands of years, t

yes, thankfully australia generally _ australia is like? yes, thankfully australia generally has - australia is like? yes, thankfully australia generally has fairly - australia generally has fairly liberal abortion laws. other because it is regulated at the state level there are differences between the jurisdictions. for example, in tasmania abortion is available on request up to 16 weeks gestation. in victoria it is available on request up victoria it is available on request up to 2a weeks gestation. that is quite a big difference and what we have seen, as was a leader to in the joe biden speech, we have seen people travelling across state lines where necessary to access abortion in more liberaljurisdictions. so that does still exist here in australia, although not to the extent it will exist in the us. now that roe vs wade has been overturned. but access issues go far beyond the law. even though australian laws are by and large quite progressive, there are still issues in the form of financial obstacles to access. most abortions in austra

australia now has more foreign plant species than native. key problems like climate change, mining pollution and have last are -- habitat loss are culprits. this is described as a climate crisis and says action needs to be taken yesterday, not today. she says the urgency of the situation is absolute. she also notes only global carbon reductions will mitigate the climate change impacts. a shocking document as described by the environment minister, painting a grim picture of the deteriorating condition in australia's environment. 1 australia has had some extreme weather events with the devastating flooding on the east coast. i understand the report dedicates a whole chapter to extreme weather events for the first time. what can of picture is it painting? >> one of the authors has noted the frequency and extent of the severity of these extreme events is increasing towards the likes of species, ecosystems and australia's well-being. it is one of the key examples. the bushfires, you might report those that devastated a huge's huge swath of austra

whereas before it was just flocks of sheep that signified australia. archive: words are futile things with which to describe the might and majesty of this wonderful structure, even pictures can hardly do itjustice. the sydney harbour bridge represents modern australia, and has done since it was built in 1932. the first big celebration of white australia if you like, was in 1938, 150 years since governor phillip turned up with the first fleet. the bridge was there in posters and souvenirs and all the rest. black australia had been here for many thousands of years, their world had been turned upside down. it never gets old. this is amazing. i'm a tour guide at sydney, at bridge climb. i do all kinds of tours. i'm not sure how fast the wind is, but it's blowing a gale. you can see everything, that's the best part about this bridge, you see a 360 view of sydney, my favourite viewing is bennelong point where the opera house sits. i do a special tour called the burrawa, which means upwards above, i get to explore, take people up on this iconic bridge and tak

is the outlook the same for australia? swati: actually in australia, economists are not following the session. economists have downgraded their projections for australia's gdp growth. they still expecting growth to be in 2% to 3% range annually, which is not bad at all. and that is largely driven by the fact the job market is really tight. we had a job vacancy number today which was extraordinarily high. unemployment is at a near 50 year low and it is expected to fall further. household savings rate is high compared to other countries. and people have a lot of extra savings in housing wealth as well, even though the property market is starting to cool. the expected correction is really small compared to the run-up we have seen in recent years. all of that together signals an economy that is hot and expected to keep running despite interest rate increases. david: great stuff. swati pandey, our economics reporter. the big news also the last 24 hours, president biden, this is from chinese tariffs, may announce as soon as this

we just heard from australia's foreign minister. i would say, she suggested how intense this dispute between the 2 nations has been saying, we're going to approach it calmly will be, will be reserved. what can we expect out of this meeting? do we have any idea? i think you should expect very little. they have not met, there's been no sort of meetings between foreign ministers as you say, for nearly 3 years. i think they might, might be the best thing on both sides. both sides will have a lengthy laundry list lines. they will have to get through them on their, on political purposes. i think the thing to look for is what is scheduled to happen after this. in other words, will there be any, any, for any talks in the issues identified, the 2 sides can continue to talk about, but nobody should think this is a reset in the relationship that reset implies it's going back to what it was, i think is the foreign minister, any walk said it's about stabilizing the relationship. australia has seem to whether these embargoes pretty well even if c

it shouldn't just be the taxpayers of australia. elizabeth: our foreign shareholders were all airline companies. they were all facing the same problems. they were all dependent on their own country governments to save their domestic businesses. there was no way they could take any money they had access to and put it into an invement in australia. thr view was that their country governments were helping support their airline industry, and our country government should help support our ai. but either way, support or not, they were under no illusion that they had any significant value left in their equity. michael brissenden: the government maintains it does want to see a competitive airline sector, and has introduced what it says is a broad support package worth more than $1.2 billion. both virgin and qantas say the assistance package isn't quite as generous as it might seem. alan: there's $715 million that is related to the initial aviation package. the way that was designed, people thought they were going to be flying a lot more, an

, elevated cases in australia and the u.k. as well, the omicron subvariant making its way through two different populations. deakin university's chair of epidemiology, catherine bennett, joins us. always good to have you with us, albeit always under this circumstance. cases are searching, and that is taking into account -- cases are surging, and that is taking into account we are likely seeing underreporting. at the same time in australia, we have been very quiet on the public health messaging front. there clearly is no political willingness to go back to restrictions. so how do we get through these next few weeks and months, and i guess the future, which shows that we will probably just keep getting variants? dr. bennett: it is actually a double whammy here in australia and new zealand because we are dealing with this in the depths of winter as well, which makes it difficult to get those messages out there, to meet only outdoors if you can, simple things that we know can reduce transmission. you are right, it has been quiet o

a busy week in australia. we are watching out for some pretty big names given we have seen the market here has been a standout and turns of earnings revision. futures are looking pretty tepid at this point. not much has changed as we get into the start of cash trading. the aussie dollar is just under 70 u.s. cents. the dollar is pretty range bound. we are seeing a little bit of upside with some of those other majors like the pound. we see the aussie dollar finishing about 2% higher. he was stocks at about .4%. some of the omicron induced labor market tightness may be starting to weigh in there. 1.36 is where we are at. of course, the fed is exactly where it is at. you have to wonder if this market is largely priced in fed expectations. take a look at this chart on the bloomberg which is frontloading and then a cut is what the market is expecting at the moment. the market is seeing the fed having to ease monetary policy later on this year but before then, we are looking at the possibility of the infliction of a

i asked her about the status of abortion rights in australia. in australia abortion is regulated at the state level, so not dissimilar to the us but the key point of difference is that abortion is not as highly politicised in australia as it is in the us. and also over the past decade or so, we have seen significant step towards the liberalisation of abortion laws in australia. so pretty much all of australia's jurisdictions have now decriminalised abortion. yet we have seen these protests, what is the reaction in australia to the us supreme court decision? does this reflect a fear about the fragility of women's rights? yes, i think the motivation for the protests is two fold. first of all, as you mention, there is a sense thatjust as we have progressed and liberalised abortion laws, so too we could just as quickly regress and re—criminalise abortion. there is a sense that australians must remain constantly vigilant to a place where abortion is once again a crime. in addition to there being a sense of i guess fear, as he put it, i think anothe

what assurances did australia receive? >> the prime minister had a very warm meeting with the solomon islands prime minister. that meeting beginning with a very friendly hug. saying that he is now very confident that there isn't going to be a chinese military base in solomon islands. the security agreement between the solomons and china sparked a great deal of alarm when it was signed in april. it is 1200 miles from the coast of australia. we still don't know the details of what is in that agreement. assuring australia that there is no military base or other military facility in that agreement and the solomons still consider australia its partner of choice when it comes to security. >> now a quick check of the latest business flash headlines. u.s. listed china stocks tumble on report that alibaba faces an inquiry over a data theft case. authorities in shanghai summoned executives from the cloud division. cybersecurity researchers concluded the database was hosted on alibaba's cloud platform. online spending in the u.s. ros

gold went to australia's zac stubblety—cook, while australia secured a 1—2—3 in the men's 1100m freestyle. elijah winnington touching home first in that one. australia also won gold, silver and bronze in the women's 200m freestyle. ariane titmus setting a games record. canada's 15—year—old summer mcintosh was dominant in the women's 1100m individual medley final. she set a new games record, as she won by nearly eight seconds, with australian kiah melverton taking silver, and scotland's katie shanahan bronze. while to complete a great night in the pool for australia, they also won gold in the mixed 11x100m freestyle relay — england came in second. now para—cyclist neil fachie has won scotland's first gold medal of the games. fachie and his sighted pilot, lewis stewart, set a new games record in the men's tandem 1,000m time trial. fachie's gold was his fifth commonwealth title, bringing him level with lawn bowler alex marshall as scotland's most successful ever commonwealth athlete. it's something i was aware of coming into the games. and it's just really special in paris sport. as

east coast. -- and is tracking north along australia coast. lauren: five speech therapists have gone on trial in hong kong accused of sedition. one is the story of a community that held off attacks by wolves. they have hidden messages and incite hatred towards the government. adrian brown has more from hong kong. >> more than 10,200 people have been arrested. on tuesday, five of those people appeared before a district court. in a case that has raised concern that the space sent here is now in quickly. if found guilty, they face up to two years in jail. the 5, 2 men and three women, were arrested almost a year ago and have been in custody ever since. their crime, publishing allegorical style cartoon books that show conflicts between sheep and wolves. in one tale, wolves try to occupy the village and eat the sheep that use their horns to fight back. the authors were all members of a speech therapists union. they were arrested under a long dormant sedition law that was last used in the 1960's. during another trouble time of hong kong's history wh

the lowest spending in australia. that is a response in housing and consumer which is a lot earlier. that means that the reserve bank will not have to continue aggressively raising rates. 3% plus, and probably will be able to pop out the cash at 2.5%. in the third half of next year. david: on that optimistic note, have a great week ahead. you can get more on the markets and events you need to know to get your day started. today's addition of debris, it is dayb on your terminal. you only get the news on the industry and asset that you love and care about. this is bloomberg, good morning. ♪ >> the one risk i am worried about is the liquidity risk. we see markets lock out a funding. keeping a close eye on issuance in june, it was really low. companies were unwilling or unable to refinance themselves. david: that was a bloomberg contributor on the liquidity being the biggest market risk out there. let us wait for the warm up across the board. a bit soft as we wake up to the new trading session. the story for things

also i presume in australia _ cost? also i presume in australia it _ cost? also i presume in australia it depends - cost? also i presume in i australia it depends where cost? also i presume in - australia it depends where you live, depending on how hard you are hit. in sydney, it's expensive to live, isn't it? that's absolutely right. we are seeing median house prices around that million dollar area, that is australian dollars, the rates going up 50 basis points, your monthly repayment could easily be going up repayment could easily be going up $250 per month so we're looking a yearly increase of about $3000 in payments or people they need to make on houses so it could easily get people quite a lot in places like sydney. it will feed through into renting as well because of a property owner needs to pay more on their mortgage, they will pass it onto rents at least over the longer term to the extent are able to do so. inflation also feeds into this as well. mark, we must _ feeds into this as well. mark, we must leave _ feeds into this as well. mark, we must le

they with that like australia, some industries stuff that significantly. so i think, you know, i think the lesson from this is that, you know, it's not easy to kill the country economically. it's not easy to force another country in such a sort of bank it fashion to sort of change policy and the like. and it almost always has a very negative effect on public opinion in the target country, which really just helps strengthen governments resolve. so i don't think china thinks it's been the success, but i have to say that australia might be a little bit complacent about its ability to withstand this because we benefited from i, commodity prices where commodity export or china doesn't have anywhere else to go for a number of commodities, so we've got through it, but we've had a bit of luck as well. richard briefly, if you can just trying to not have all also have incentives to repair these relations when we look at its appetite for coal, for example, that is one of the biggest exports from australia we're well, they're not taking any it's trading quarterly. bus

lots more to come here on daybreak australia. this is bloomberg. ♪ vonnie: you are watching daybreak australia. china's factory activity contracted unexpectedly in july as covid restrictions dragged on the economy. it fell from 50.2 to 49. china's recovery has been fragile as officials focus on stepping out covert outbreaks with lockdowns. evergrande has failed to deliver a restructuring plan it promised by the end of july. instead, it handed out a list of restructuring principles. investors are waiting for clarity on how they plan to deal with $300 billion of liabilities. u.s. house speaker nancy pelosi 's schedule for asia trip does not mention a possible stop in taiwan. the statement from her office as she will visit singapore, malaysia, japan and south korea. beijing has warned there would be consequences if she does go to taiwan. china held a live fire drills in the taiwan straits on saturday. the president of sri lanka says the imf rescued deal -- has been delayed. it has been pushed back because of street protests in the

and australia, which could have been ashes _ australia, which could have been ashes |— australia, which could have been ashes. ~ , australia, which could have been ashes. ~' , ., ., ., ,, ashes. i think they wanted to make sure that australia _ ashes. i think they wanted to make sure that australia and _ ashes. i think they wanted to make sure that australia and england i ashes. i think they wanted to make | sure that australia and england were in different groups as well, because you get two teams qualifying for each group, they go into the semifinals, and in the winner of the semifinals, and in the winner of the semifinals meet up in the final. at least this way they can set up the possibility of australia and england in the final, which would be popular. in the final, which would be --oular. ., ., in the final, which would be “oular. ., . , in the final, which would be n-oular. ., . , popular. you have both been saying that women's _ popular. you have both been saying that women's cricket _ popular. you have both been saying that women's cricket has _ popular. you have both been sa

australia itself is not well prepared to handle this problem. we certainly produce a lot of food, but i think the real problem is that we have not properly understood the implications of climate change. and the impact that that is going to have on food security and on the supply chains that obviously operate around it. the risks of climate now are far greater, i think, than any of our global leaders, whether in australia or around the world, are being prepared to really accept. because the ukraine crisis sort of came on top of what was already a quite dangerous situation developing, of course, these problems are becoming bad. haidi: i find your background to this quote really fascinating because among some other things, you are a senior executive, ceo of the australian company of directors as well as the chair of the australian coal association. with that background across oil and gas and commodities, how does that inform you when it comes to your recommended strategy for how the country comes together, when it comes to the climate transition? b

here in australia, i should also not the tommy of this report. it was presented to the last government last year and was meant to be delivered in 2021 and stayed the governments of the former government. and the coalition decided not to release that. i hated the election so it's only been released now. and of course the current government has blind in action on the previous government bitty little, so be under pressure now to act on these recommendations. erica, thank you very much indeed. ah, a state emergency has been imposed in shall anchor as its parliament proposed to elect a new president acting leader. renee, what for missing us as the measures are necessary to avoid any unrest ahead of wednesday's vote. but critics, it's a ploy to squash dissent and remain in power. now fernandez reports from columbus. i 1st it was present, gotta be roger boxer. now protest is want his replacement gone outside the country central railway station. they demonstrated calling for acting, president, running vicar, missing her to resign. here was her brother. i

south korea and australia and new zealand are interesting. we think the downturns could be quite sharp. i have seen quite a in on consensus, the lowest gdp forecast on the bloomberg survey by a large margin. housing downturns and an unwind of the balloon is the story here. we are quite cautious on these economies. in japan, we are focused on forecasting technical recession with a couple of small negative prints in gdp. we are saying that the recession in japan will likely be miles, oil is coming off a little bit of the boj, keeping its foot flat to the floor. a bit of a policy stimulus in japan and the currency is weaker of course. that should help a little bit. it is a recession story. >> you mentioned south korea and australia. are you forcing a boom and bust at this point? >> we are. we are seeing downside risk in australia. prices rose by 20% last year. we were not to be surprised to see them fall -- we would not be surprised if these are fault this year. particularly in sydney where i am. particularly a leverage on a story. down here whe

australia is experiencing climate impacts. we've had extreme wildlife 2 years ago and 17000 heck test of foreign stony and stella and east coast in our west at the wildfires. this year we've had terrible flooding in repeated events in many locations over and over again. and many was ever taught events. so i like the rest of the world where experiencing come across this right now, but there is certainly opportunity to tackle ish and get collusion down. but this to hate has to be the time. sorry, the lion's share of the effort in reducing pollution. moving to renewable energy, electric vehicles, green scale batteries, all of that needs to happen in the next 8 years. what's your assessment then of how national and state governments have been trying to address this decline? well, the federal government who has recently kicked out of government the morrison government failed to act on climate change or any environmental issues. they put us backwards and stay delayed the release of this environment report till after the election. fo

he was born in russia, migrated to australia, lives in australia, so it's not as though i was coming straight from israel, and that's where he was living. and, you know... no, kylie, icompletely take all of that. but the context, i mean, the context is a country you intended to visit, which clearly, you know, has a government and an overall sort of governing philosophy, which is extremely suspicious of the west, indeed hostile to the west, and you knew the context, of, for example, nazanin zaghari—ratcliffe, a british, dual national british citizen as well as iranian, who'd been to visit her family and was arrested in 2016 and was in prison when you, you know, in 2018 made yourjourney. ijust, again, i'm just wondering... i actually didn't know. i actually didn't know much about nazanin at all. i'd never actually heard of hostage diplomacy. i'd never heard that the iranian regime takes innocent foreign nationals or dual nationals hostage. it's never... you know, now it's a big deal in the british media, but even in the australian media today, i think nazanin and anoosheh ashoori's h

allow more to come on daybreak australia -- eight but more to come on daybreak australia. this is bloomberg. ♪ >> there was very little self-regulation. nobody really knows, it turned into a full freight -- full fledged credit crisis. >> we like it when markets are stable. that is in the long run a what creates it more activity. >> the emergence of identity solutions and a bunch of exciting stuff element the ecosystem feel safer. >> some of the guests at the crypto summit. let us get more from our reporter. taking a look at the price action, how significant is this breaking out of the range bound scenario? >> is pretty significant because it rose above 23000 and that is a level that was last seen in mid june. it was a scene after the collapse of crypto lenders. as always, we have ether, we have 11% in solana. this is a welcome relief. bitcoin has been trading in a tight range between 19,000-22,000. the 23,000 was bitcoin is finally going to spark a relief rally. we have some analysts like katie , she thinks it is premature to call this the start of a lasting rally. bitco

— australia in terms of diversity and politics? thanks for having me on your _ and politics? thanks for having me on your programme. - and politics? thanks for having me on your programme. look, j and politics? thanks for having i me on your programme. look, it has been such an honour and such a humbling experience, really, to be elected for our area one of the most culturally diverse electorates in the country. yes, we have seen some more women elected, more people of culturally diverse backgrounds being elected to our parliament at this 47th parliament. that said, though, i still think we have a long way to go in terms of having diversity, notjust cultural diversity, notjust cultural diversity, but diversity of perspectives is well represented in ourfederal parliament. look, this is a first step. we have not reached a tipping point yet, if i can put it that way. sometimes things are done just two, you know, just show. i got elected as an independent from the community. i am as an independent from the community. iam not as an independent from the community. i am not backed b

another decade, side to say is too late. 0, clock out a 0 brisbin australia. ah, this is al jazeera and these are the top stories. russian president vladimir putin has touched down and turan to take part in the summit that's being overshadowed by the fall out from the war. and ukraine talked to the rance president abraham racy and to.

another decade side to say is to light sarah, clock out a 0 brisbin australia. ah .

a look at the day had for australia and new zealand. a look at the day had for australia and new zealand. two of australia's biggest employers are working from home as the latest covid wave and to suffice. numbers for the second quarter. trade balance data for the month of june -- new zealand will release trade balance data for june. the big players will be europe and the boj. ozzie trading flat at the moment. we saw the greenback adding some of the days gain. firm and the euro slipping further giving lower italian bond futures after the report into the italian government on the cusp of collapse. the kiwi dollar is seeing a little downside as we await traded data and expectations continue hawkish this going forward. dollar-yen is fun to watch but it does not look like they are likely to find recovery prospects given kuroda sticking to his monetary policy even as other central banks move higher. equity expecting a downside of .3% despite u.s. stocks posting the first backed by gains in almost two weeks. u.s. s&p futures are a little lowe

but to win in australia is no nrean _ tick. but to win in australia is no nrean feat — tick. but to win in australia is no mean feat. it deserves a lot of credit, 6 — mean feat. it deserves a lot of credit, a breakaway driver marcus meant _ credit, a breakaway driver marcus meant making all the difference and it's something that england really can use _ it's something that england really can use to— it's something that england really can use to springboard when they go into the _ can use to springboard when they go into the autumn series. unfortunately, not able to make it a clean sweep so far for the northern hemisphere. has beaten 30 —— 13—1a south africa, the rent champions in the end showing their strength. strength the operative word. too much _ strength the operative word. too much power from the springboks. i think— much power from the springboks. i think to _ much power from the springboks. i think to be — much power from the springboks. i think to be expected. no one really .ave think to be expected. no one really gave wales a home. most people expected

we do have unemployment in australia at a 48 or 49 year low. a lot of other economies around the world. that shortage of labor is something that will not be derailed from rate hikes over the next couple of months but your point is a very valid one. once we get to the end of the year, will they be wanting to target this slightly higher as they try to ensure inflation because back within their targets? >> before you go, what assumptions are you making about the commodity boom? that is also a factor that the rba will consider. >> indeed, australia's commodity prices are very viable. but the commodity stuff is very important. i don't think there is a softening of the global economy about what has unfolded. my view is that commodity prices will either taper from what is global and that will put a damper on the aussie economy as well but i don't think we are looking for a rapid decline in commodity prices. given that the asian economy is trying to recover from lockdowns and record strong growth from the second half of 2022. >> they expect the reserve

we really love our wildlife in australia, so unique the world that we are destroying their homes. and the thing we can do to protect them is to protect their high and protect their habitats. the scientific gordon, so pollution mining, invasive species and climate change are to blame. this solution is a drastic reduction in carbon emissions, as well as stronger national environment laws and a federal regulator to enforce them. the started, the environment report is compiled every 5 years. the last 4 had painted a grim picture. the past reports have predicted the future impacts of climate change is lighter scientific assessment is recording extensive damage that's happening now. responding to the report, australia newly elected government announced plans to protect 30 percent of the countries landon oceans by 2030. what the environment really name is the changed system. that's the message from the samuel review. that's the message from the state of the environment report. without structural change, we'll be resigning ourselves to another decade. if failure, without the tools we need

australia is scheduled to release data. the australian financial review is reporting that the bank of australia is hiring more engineers and software developers in melbourne in an effort to attract the best people from across the country. >> you will be is suing a chinese developer and its units in hong kong. the bank alleges that it breached terms by reallocating loans and allowing shares between the units without the banks consent. it adds to broader signs of -- among china's property debt crisis. a ceo told bloomberg tv that he is also concerned about getting caught in a sanctions crossfire as geopolitical tensions rise. it had announced last week that it is terminating the 12 year manufacturing partnership with the automobile group. coming up, we will look deeper into the call between joe biden and xi jinping. tensions grover taiwan. pat anderson joins us to discuss giving australia's indigenous people a seat at the table in parliament. that's it for daybreak australia. daybreak asia is next. this is bloomberg. ♪

tom: i am not going barefoot in australia. jonathan: >> we are go

have you seen the news out of australia regarding their election everything? and do you have a quick the election? so the morrison government is no longer a thing. wow, and do you have a reaction as to what that might mean for the great barrier reef and then second just as a quick one. is there anything the average late person who doesn't work in science or can do to support coral reefs in any way well so i'm i'm speaking from the point of view of some of the scientists in australia who are very verbal about the morrison government on twitter, and i'm sure there'll be elated the morrison government affect supported some of the worst coal mine development in australia, like right on the banks of the great barrier reef, which is critically threatened by climate change as i said, so that's you know, i'm sure there's probably some happiness. i i don't know, you know. enough to say what the next government will do. i do know that there was a lot of effort from people who cared about climate change in australia in the selection. so that's nice that their voices were

we are focusing on pakistan, australia, and malaysia. we could see a 50 basis point hike in australia, the first back-to-back half point hike on record for the central bank. malaysia has a case for 50 basis point, still economist expecting a 0.25 of 1% move. ahead of that we are keeping an eye of where bonds are going. flipping the board, look at the moves we are seeing in sovereign debt. we are tracking moves in treasuries in the previous session, cash markets close without holiday. haidi: let's get first world headlines this hour. amazon thunder jeff bezos has criticized president joe biden for tweeting companies running gas stations should reduce prices. bezos said it is a misunderstanding or basic -- it is a market failing american consumers. -- the city is advancing its goal of taking over the entire donbas region. ukraine's armed forces say the order to withdraw was made to prevent heavy casualties. the australian prime minister met face-to-face with the ukrainian president. the premise are pledged additional support including dron

it's just the latest in the series of floods to hit australia's east coast this year. the countries emergencies that minister said the frequent disaster show climate change has to be taken seriously. roach turned to rivers. cars drift and like capsized boats as flood swallowed their homes. yet again, many here wondering is this the new normal way ivory was however, 4 times in 3 months is a bit it much for all of us. a lot of us are typing as a lot of people in the area that i, elderly with illnesses and stuff like that only yet, basically with that were stranded the day lucius caught many off guard, leaving some trapped in their homes or cars. this woman narrowly avoided being swept away by the torrent rescue. workers are in a race against time. as the sydney area has already received 4 times, the amount of rain it usually does during the entire month of july. with the national emergency services warning of the worst flood in 18 months. authorities afforded more than 30000 people to evacuate. they warned that the nightmare is far from over. we have another at least 24

i think for west australia a perth pretty wet day on saturday, but look at it and that sweeps through give yet more rain in the interior. otherwise to the east, it's much the same, slightly improved. now this looks frightening, admit, but he's not in the immediate future in using them both north and south, and it's relatively quiet weather, good deal of sunshine, just a little bit of a not again. the heavy rain stays away with o. a again the top stories on al jazeera, the us house committee investigating the january 6 talk on capitol hill has heard how donald trump watched events unfold for hours before taking action. former whitehouse offers say the former president streets shield the insurrection. sure. lincoln security forces have rated the main anti government protest counseling colombo, just hours after runa, work from a single was sworn and the president threatened to cut down on demonstrations. he considers unlawful. turkish, russia and ukraine are expected to sign a deal later on friday. that will reopen walks. the 4th grain shipments have been stuck in ukraine since the war b

and australia is one of equals. you have supported removing the queen as australia's head of state and becoming a republic. now that you're prime minister, are you going to make that happen? >> well, i do support a republic, but that doesn't mean i don't respect the queen who has presided over the commonwealth for 70 years. that's quite an extraordinary achievement. our priority this term is recognition of first nation's people in our constitution. history didn't begin in 1788 with the arrival of the british first fleet. it goes back some 65,000 years with the aboriginal. the oldest civilization on the planet. my priority is getting that constitutional change done first. >> prime minister albanese, thanks for being with us and congratulations on your victory. >> thank you, jake. >> fareed zakaria, gps, starts right now. >>> this is gps, the global public square. welcome to all of you in the united states and around the world. i'm fareed zakaria coming to you live from new york. today on the program, those who play w

also, a surgeon corona virus cases in australia is putting pressure on hospitals. it's due to a highly contagious sub variance of ami kron. there's driving a fresh wave of covered 1900 infections across the asia pacific. sarah clark reports from australia. hospital admissions, from covered 19, are at record levels. in some states, in australia, the countries in the group of a 3rd wave of the on the kron variant with more than 300000 cases recorded this week. and the peak expected in august. i think there's still a little bit of uncertainty, but we're probably gonna reach record numbers and record numbers in hospital potentially embarrass parts of the country. now which concerning bidding, as i said, were starting from a complete position of disadvantage in having hospitals which are completely full as they normally are, australia is among the most heavily vaccinated countries against cov 1995 percent of the population above the age of 16 has received 2 doses, the federal government is now offering a full dose to those over 30 years, but so far has been cautioned to