Stay up to date with the latest on the unprecedented direct attack on Israel by Iran.

Bloomberg TV will be LIVE from 6 am HKT/6pm ET today with @belledroulers and @Haidilun here trib.al/Ng8phpu

Stay up to date with the latest on the unprecedented direct attack on Israel by Iran.

Bloomberg TV will be LIVE from 6 am HKT/6pm ET today with @belledroulers and @Haidilun here trib.al/0DUe5K3

Great piece on the companies and stocks that will benefit from improving China-Australia relations by Georgina McKay. Winemakers (even bottle makers!), agribusiness (lobsters!) are big winners, outlook for miners (nickel/lithium/rare earths) more nuanced.
bloomberg.com/news/articles/…

Per South China Morning Post, Chinese Premier Li Qiang set to visit Australia in the third week of June, ban on live lobster imports expected to be lifted. Li’s visit follows Foreign Minister Wang Yi’s trip last month, and the lifting of tariffs on Australian wine.
scmp.com/economy/global…

Australia is to launch an Inflation Reduction Act-style program to boost green manufacturing industries
PM Anthony Albanese says there is “new and widespread willingness to make economic interventions on the basis of national interest and national sovereignty.'
bloomberg.com/news/articles/….

One of the things I find most frustrating about the current China overcapacity/green trade war debate is how it is so heavily grounded in macro debates and pretty much unmoored from micro, firm-level information.

Phenomenal reporting by Tom Hancock and Dan Murtaugh culminating in this point: market forces are already reducing capacity, via cancelled projects & bankruptcies. But the survival of the fittest means “today’s overcapacity problem can become tomorrow’s competitiveness challenge”

When your rival is making sustainable profits, accusing them of overcapacity is just a way of complaining that their superior productivity is taking away your market share:

Treasury Secretary Janet Yellen, who arrives in Guangzhou today, says US retains the option to protect new industrial sectors against China. Part of her trip is aimed at pressing Chinese counterparts on overcapacity build-up in areas including clean energy
bloomberg.com/news/articles/…

Great to be on Bloomberg TV with Haidi Lun Stroud-Watts 伦海迪 Paul Allen discussing Tesla’s disaster 1Q deliveries and the fork in the road situation for Musk and Tesla going forward 👇📺

bloomberg.com/news/videos/20…

'The interest-rate path that will best bring inflation down in a timely manner is uncertain.”

More on the Bloomberg's conversation with RBA Assistant Governor Christopher Kent trib.al/MEemb9D