Podcasts about UST

Kia ora. Welcome to Monday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. Today we lead with news of zero progress in the mess in the Middle East. In fact, it has probably gotten worse. And in the week ahead, geopolitical developments will likely dictate global market directions. Reports by the IEA and OPEC this week will reveal how the institutions see the supply shock of seaborne energy from the Persian Gulf. The spotlight on US economic data will be on consumer inflation for February (Thursday) and PCE for January (Saturday). Both are expected to rise (CPI to 2.5%, PCE to 2.9%) but everyone will know this is the base on what the March data (released on April 11) will be built on. Where US inflation goes, the bond market goes, and the cost of money locally, Of course, we will be tracking that for you. In China, they will release February inflation data, with headline CPI expected to firm to 0.8% from 0.2%, while producer prices are likely to decline at a slightly slower pace of 1.1%. They will also release new yuan loans data which is expected to decline in February, partly reflecting seasonal weakness linked to the Lunar New Year holidays. In Japan, we will get updated machine tool orders results. In Australia, it will be about consumer and business confidence, consumer inflation expectations. In India, it will also be about CPI data. Locally, apart from some retail data (card use) and more analysis on mortgage activity, data releases will be relatively quiet this week. But there will be plenty of news to follow, especially flowing from the consequences of shrinking workforces in the US, which will have global implications. The US economy shed -92,000 jobs in February at the headline level, the most in four months, following a downwardly revised +126,000 rise in January and much worse than forecasts of a +59,000 gain. From a year ago, payrolls are up +129,000 and that is unusually low. Apart from December's tiny +59,000 year-on-year gain you have to go back to the pandemic (and Trump 1) to find as weak a rise. It gets worse by broadening the view of all employment, not just payroll employment. That broader view shows overall employment down -391,000 in February from a year ago, the second consecutive shrinkage. US retail sales inched lower by -0.2% in January from December, slightly less that the expected dip. It was the first decline since October. From a year ago, they are +3.1% higher. Most of this is accounted for by 2.5% CPI core inflation. US inflation may be about to get a shock. Petrol pump prices are up today +10% from a year ago, up +18% from a month ago. And these costs are only just getting started with US crude oil up +35% in a week, up the same in a year. When US March CPI is reported, the Fed won't be able to look away.  They are facing fast-weakening labour markets and fast rising inflation. They have a dual mandate so they will have to choose what to prioritise. The simple fact is that inflation problems are harder to remedy using monetary policy tools than the labour market. Absent political pressure, they would want to fight inflation first. (If they choose the other goal, they will embed inflation for a very long time.) In Canada, their widely-watched Ivey PMI surged higher in February, a strong expansion signal, to its best since September 2025, and prior to that its best since July 2024. In the Persian Gulf, the Qatari oil minister said in the next few days they have to decide whether to declare force majeure, releasing them from obligations to deliver supplies to customers. He said that could drive crude prices to US$150/bbl. There are still no ships transiting the Straits of Hormuz - except Iran-linked ones. China's foreign exchange reserves rose to US$3.428 tln in February, a small +US$30 bln increase over the previous month and the seventh consecutive monthly gain. These are now back to their highest level since November 2015. USD weakness helped, but it is clear US efforts to 'contain China' aren't working at the most fundamental level. Meanwhile, they bought slightly more gold and now have 74.22 mln troy ounces. American missteps have juiced the price of gold of course, so the value of their holdings rose +US$20 bln to US$388 bln at the end of February, now 11% of their total reserves. After falling consistently since August, the FAO food price index rose in February, basically tracking similar levels for the start of 2025. But there is wide variation between categories. Meat prices are steady, Dairy prices are falling as is sugar. Dairy prices are now at their lowest since the start of 2024. But vegetable oils are rising, and fast, with cereal prices turning higher too. Meanwhile, metals prices are rising, led by aluminium's overnight jump, and it is now approaching the heady heights of the pandemic peaks. Copper and zinc have been rising recently too, even nickel and zinc. Sulphur is another essential commodity at a peak, even higher than the pandemic levels. This is a particular problem for China. But iron ore prices are not joining the party. The UST 10yr yield is now just on 4.13%, up +2 bps from Saturday.  The price of gold will start today up +US$28 from Saturday at US$5172/oz. Silver is up +50 USc at US$84.50/oz today. American oil prices are up +US$1, at just under US$91/bbl, while the international Brent price is up a bit less to be now just on US$92.50/bbl. The Kiwi dollar is unchanged against the USD from Saturday, still just on 59 USc. Against the Aussie we are down -10 bps at 84 AUc. We are up +10 bps against the yen. Against the euro we are up +10 bps at 50.9 euro cents. That all means our TWI-5 starts today little-changed at just over 62.7. The bitcoin price starts today at US$66,882 and down -2.0% from this time Saturday. Volatility over the past 24 hours has been moderate at just on +/- 2.5%. You can get more news affecting the economy in New Zealand from interest.co.nz. Kia ora. I'm David Chaston and we'll do this again tomorrow.

Kia ora. Welcome to Friday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. Today we lead with news bankrupt US/Israeli decisions to choose war over peaceful pressure are having global consequences. But first, the Federal Reserve Beige Book for February reported that overall US economic activity increased at a slight to moderate pace in seven of the twelve Federal Reserve Districts, while the number of Districts reporting flat or declining activity increased from four in the prior period to five in the current period. This is not a review that found strong growth. US jobless claims rose last week by +18,000 from the prior week to 213,000 but most of that can be accounted for by seasonal factors. There are now 2.21 mln people on these benefits, similar to this time last year, but significantly higher than the 2024 levels. February announced job cuts were lower than in January, but together the first two months have been almost as high as the equivalent 2025 levels. This survey also tracks hiring plans and that is down more than -50% from last year. Tomorrow the February US non-farm payrolls will be released and analysts expect a low +59,000 gain. That would be half the +130,000 January level, itself historically low. According to AAA monitoring, average petrol prices (91) in the US are now US$3.25/gal (NZ$1.46L / AU$1.23/L) This is up +9% from US$2.98/gal a week ago, up from US$2.89/gal a month ago, or a +12.5% rise. US natural gas prices are up +7.2% over the same time-frame but to be fair are still very low. But in Europe, these prices are up +70% (in the UK) and up 53% (in Germany) for example. In India, natural gas prices have tripled for many users over the past few days. It is natural to wonder what Trump would say if the EU (or India) took unilateral actions that imposed similar cost jumps on the US. It is no longer safe to be a 'friend' of the US, or any country that pursues policies that "put me first". American policymakers are scrambling to assess a wide range of materials where access is at risk. And institutions more broadly are doing the same. We need to start keeping a closer eye on supply chain pressures. The NY Fed's February monitoring shows it elevated but nothing like the pandemic period, although not yet accounting for the current stresses. Taiwanese industrial production rose +28.5% in January from a year ago, no surprise given the export order data we have been noting. But it is their sharpest rise in at least a decade, probably longer. However, things are not positive for Taiwanese retail sales; they actually decreased in January. But this was entirely due to Chinese New Year falling in a different period this year. Singapore retail sales data for January also got twisted by the holiday timing. The Malaysian central bank kept its policy rate unchanged overnight at 2.75%, saying inflation there is well contained. But they are worried about Middle East conflict effects. China said it is lowering its growth target - slightly. Premier Li Qiang is set to announce a "around 4.5 to 5%" target while delivering the government work report, a key policy document, at the opening session of the National People's Congress later today. The departure from the "around 5%" growth target for the past three years signals the start of a period of slower expansion in China. A big focus is on stabilising their moribund real estate markets. 'Stabilising' will undoubtedly mean subsidies and incentives to unlock buyer interest in the sector again. That will be a hard ask, given the widespread pain still in recent memory. EU retail sales rose +2.3% in January, although slightly less in the Euro Area. In Australia, household spending rose +4.6% in January from a year ago, the slowest pace since late May, following a +5.0% rise in December. This was a smaller increase than expected. Global container freight rates, which had been falling every week in 2026 so far, turned +3% higher last week as the early signs of the Middle East pressures started to mount. Outbound China rates are up +10% for the week. However, they are still -23% lower than year-ago levels. It might be different when this week's data is released next week, of course. More currently, bulk cargo rates are up +6% for the week. Shipping traffic in the Straits of Hormuz has ceased altogether. (Live here.) And we should note ships outside the Strait are under attack too, so the conflict stresses are spreading. New Zealand and Australia have significant food exports into the Middle East region, and they are now disrupted. We noted the sharp rise in fertiliser costs yesterday and more broadly, that is bringing warnings of food shortage consequences. And as if these crises aren't enough, overshadowed is the Blue Owl private credit car crash in the US, and the wider concerns about their risky loans. Some insiders are now talking about a consequential "bank run" being caused by this. The UST 10yr yield is now just on 4.14%, up +6 bps from yesterday.  The price of gold will start today down -US$71 from yesterday at US$5076/oz. Silver is down -US$2 at US$82/oz today. American oil prices are up more than +US$5.50, up +7% in a day, at just under US$79.50/bbl, while the international Brent price is down the same to be now just on US$84.50/bbl. The Kiwi dollar is down -40 bps against the USD from yesterday, now just on 58.9 USc. Against the Aussie we are up +20 bps at 84.1 AUc. We are down -30 bps against the yen. Against the euro we are down -10 bps at 50.9 euro cents. That all means our TWI-5 starts today down -30 bps, now just over 62.6. The bitcoin price starts today at US$71,316 and down -2.6% from this time yesterday, although holding on to a large part of yesterday's rise. Volatility over the past 24 hours has been moderate at just on +/- 2.1%. You can get more news affecting the economy in New Zealand from interest.co.nz. Kia ora. I'm David Chaston and we'll do this again on Monday.

Kia ora. Welcome to Thursday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. Today we lead with news both China and the US have parallel PMI surveys and this month each told wildly different stories about how their February economies were tracking. But first, after flat-lining in each of the past four week, US mortgage applications rose notably last week, driven by strong refi activity, covering continuing weak new home purchase applications. The US ADP employment report shows a gain of +63,000 jobs in February, the most since July, following a downwardly revised +11,000 rise in January. Analysts were anticipating a gain of +50,000. But all the gains were in the education and health sectors, and only in small (sub 20 employee) companies. As a result, the data shows data shows no widespread pay benefit from changing jobs. In fact, the pay premium for switching employers hit a record low in February. The ISM February services PMI for the US expanded more than expected to its best level since July 2022 with gains in all subcategories. Meanwhile the parallel S&P Global/Markit services told a quite different story, with the expansion in that sector falling to its lowest level since April 2025 amid a weaker rise in sales. In Taiwan, their exporting miracle has extended with export orders soaring +60% to a new record of US$77 bln in January, besting market expectations of a +51% surge and accelerating from a +44% gain in December. Yes, electronics drove the rise, but they also had strong rises in chemicals, textiles, and metals. Orders poured in from the US, the EU and from China. Export orders a year ago at US$48 bln were not weak, so this is truly an astounding trend. In China, their official February PMI's were dour affairs, even for them. Both the factory and service sector reports revealed contractions in the month, the factory sector worse than in January, their services sector a slightly less contraction than in the previous month. But in complete contrast, the private S&P Global/RatingDog surveys found something different, strong expansions in both sectors. New orders drove the factory one to its best expansion in five years, they say. and new business drove their services expansion to its fastest pace in nearly three years. In Europe, producer prices rose quite sharply in January from December, but most of that was retracing a sharp December fall. Year-on-year they are down -2.1% although most of that fall was earlier in the year. Australia reported that its economic activity rose +2.6% in Q4-2025, compared to the same period in 2024. Analysts had expected it to rise +2.2% on that basis, so it was a very positive outcome. GDP per capita increased for the fourth consecutive quarter and is now +0.9% higher than a year ago, the highest year-on-year growth since December 2022. For the full 2025, this is +2.0% (real) higher than calendar 2024. Compensation of employees rose +6.5% in the year. The household saving to income ratio increased to 6.9%, up from 6.1% in the September quarter. This ratio is now at its highest level since the September quarter 2022. All this data is 'real' after inflation. And we should note that the aluminium price surged overnight as Persian Gulf refineries declared force majeure on their orders due to the US/Israeli attacks in the area and Iran's response. The same tensions are forcing up fertiliser prices sharply. Urea prices have jumped +11% in one day. Australia imports two thirds of its urea from the Middle-East. The same ratio applies to New Zealand. And despite the "Trump guarantee" and promises of naval protection, if you can get it, insurance costs for shipping in the Persian Gulf has soared by +1300%. Insurers are completely dismissing Trump's 'promises'. The UST 10yr yield is now just on 4.08%, up +2 bps from yesterday. The price of gold will start today up +US$30 from yesterday at US$5147/oz. Silver is up +US$1 at US$84/oz today. American oil prices are down -US$2 at just over US$74/bbl, while the international Brent price is up the same to be now just over US$81/bbl. The Kiwi dollar is up +50 bps against the USD from yesterday, now just on 59.3 USc. Against the Aussie we are up +10 bps at 83.9 AUc. We are up +40 bps against the yen. Against the euro we are up +30 bps at 51 euro cents. That all means our TWI-5 starts today up +40 bps, now just on 62.9. The bitcoin price starts today at US$73,236 and up +8.4% from this time yesterday. Volatility over the past 24 hours has been very high at just on +/- 4.0%. You can get more news affecting the economy in New Zealand from interest.co.nz. Kia ora. I'm David Chaston and we'll do this again tomorrow.

Kia ora. Welcome to Wednesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. Today we lead with news inflation spike fear is gripping financial markets today as equities fall, bond yields rise, some key commodities like the oil price are spiking, and there is a sharp move toward perceptions of financial 'safety' which is hurting commodity-based currencies like the AUD and the NZD. The fear is based on seeing central banks hiking policy rates to weight against a looming inflation spike, just when economic activity is likely to weaken sharply on the consequences of Trump's wars. The fear is stagflation on steroids. It is affecting investors from New York to Shanghai. And now Trump is blaming friends (Spain, the UK) for not being supportive enough and threatening new trade restrictions. But it isn't universal - yet anyway. First up today, there has been another very good dairy auction overnight, the fifth positive one in a row, delivering prices up overall by +5.7% un USD terms. With the falling NZD, prices are up +8.4% in NZD. Our charts tell the story overall and in product detail. Basically prices are now back to the high 2025 levels in both USD and NZD terms. Yes, analysts will be reaching for their pencils to reassess the season's payout forecast, although we should caution that we are well past the peak of the milk flows - and that volumes offered and sold overnight are falling away seasonally. More broadly, in the US overnight, the February US Logistics Manager survey showed pressure on their system with rising inventories and strained capacity. Meanwhile the RealClearMarkets/TIPP Economic Optimism Index retreated in March from February, and delivering a decline when an rise was expected. This is largely because personal investor sentiment fell sharply as confidence in US government economic policies slipped away. In the Middle East, only one tanker, a Singaporean one, has managed to traverse the Straits of Hormuz in the past day. It's essentially closed still. Insurers have cancelled policies. Now the US says it is considering providing that, at taxpayer expense. The costs of war are broad. The scheduled meeting between Chinese President Xi and US President Trump is still on for the end of March. Given the unhinged policy-making by the US, it is a lottery on how this will play out. Trump will undoubtedly look for short-term, face-savings wins. Xi will be playing a much longer game. Meanwhile, China is putting the finishing touches to its latest five-year plan. We are approaching the rubber-stamp set piece. In Europe, the Euro area inflation rate rose to 1.9% in February, up from 1.7% in January. Although minor it was an unexpected rise. And that pushed core inflation up to 2.4% in February. Given the global rise in uncertainty, and the US/Israel/Iran crisis pushing up their energy costs very sharply in the past few days, these inflation levels are unlikely to stay this low in March, giving the ECB a new headache. In Australia, total residential building consents fell at a -7.2% rate in January, following a -30.7% drop in December. Year on year it is down -15.7%, the largest fall since late 2023. This may have ended the rising trend of approvals that started in July 2024. But there were 9,900 detached houses approved for construction nationally, a 41-month high. The big shortfall is in intensive housing. Australia's current account balance fell by -AU$2.8 bln in December 2025 to a deficit of -AU$21.1 bln. This is its second consecutive fall, driven by a net primary income deficit widening. This will take -0.1 percentage points from the December 2025 GDP result which will be released tomorrow. In public comments yesterday, the RBA governor acknowledged the sudden increase in uncertainty in the global economy, on top of already high uncertainty from Trump's abandonment of an international rules-based order. She said "a supply shock could, for example, add to inflation pressures. And the potential implications for inflation expectations are something we are very alert to. But at the same time, a prolonged impact on energy markets could have adverse effects on global economic activity and result in downward pressure on inflation. It is not obvious how this might play out." Westpac says Brent crude at US$100 is entirely possible in the coming few weeks. The UST 10yr yield is now just on 4.06%, unchanged from yesterday, although it did get up to 4.11% in between.  The price of gold will start today down -US$179 from yesterday at US$5117/oz. Silver is down another -US$4 at US$83/oz today. American oil prices are up +US$5.50 at just under US$76/bbl, while the international Brent price is up the same to be now just over US$82.50/bbl. These at +7.5% rises. A collapse in Iranian oil production could have quite deep impacts. The Kiwi dollar is another -50 bps lower against the USD from yesterday, now just on 58.8 USc. Against the Aussie we are down -10 bps at 83.8 AUc. We are down -60 bps against the yen. Against the euro we are unchanged at 50.7 euro cents. That all means our TWI-5 starts today down -40 bps, now just on 62.5 and a new one month low. The bitcoin price starts today at US$67,5755 and down -3.2% from this time yesterday. Volatility over the past 24 hours has been moderate at just under +/- 2.6%. You can get more news affecting the economy in New Zealand from interest.co.nz. Kia ora. I'm David Chaston and we'll do this again tomorrow.

Kia ora. Welcome to Tuesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. Today we lead with news the world has suddenly gotten far more dangerous after the US/Israeli strike on Iran. Shipping costs especially are in a dramatic rise on necessary re-routing. The cost of war will hit inflation soon and that is a looming problem for central bank policymakers. And investors are demanding higher yields from not only corporate paper, but benchmark government bonds as well. But first in the US, the February PMI from the widely-watched ISM survey dipped very slightly from January, but held up better than analysts were expecting. It is only the third time in 40 months that this metric shows an expansion. It was driven by prices and imports, both of which are rising faster. New order flows rose at a slower pace. This metric is basically the same as the parallel S&P Global factory PMI for February, which noted faltering exports. This contrasts with the latest EU PMI which reports its strongest rise in new factory orders since April 2022 taking their factory PMI to a 44-month high. But coming with it are building inflationary pressures. Driving this result is a notable uptick in Germany which is now back in expansion. The rise and rise of Japanese manufacturing is now getting real momentum. Their February factory PMI burst out of its trend (confirming the January rise), to now be at almost a four year high. This is on the back of output, new orders and employment that all expanded at their fastest rates since January 2022. Not to be outdone, Taiwan's factory PMI rose sharply too in February, although this also came with higher inflationary pressure than for Japan. Firms there are struggling to meet demand. In some other selected Asian nations, their factory PMI's were mostly positive. This is true for Vietnam, Indonesia, and Thailand, although the same survey in Malaysia isn't quite so positive. Indian industrial production rose 4.8% in January from a year ago, and while most countries would love that, it represents a sharp slowing from December's +8.0% and is way below the +6.5% expected. The December rate was unusual however, and the January expansion mirrors what we saw for most of 2025. China announced late yesterday that they attracted ¥92 bln (US$12.6 bln) in foreign direct investment in January 2026. This was -5.7% less than in January 2025. But we probably should also note that the December FDI was quite good, standing out from the long run of negative flows. (The December inflow was +US$20.6 bln.) In Australia, the Melbourne Institute monthly inflation gauge recorded an easing in monthly inflation in February, dipping -0.2% from January. The main influence were lower fuel prices. In annual terms, however, headline inflation remains elevated above the RBA's 2–3% target band and has exceeded the top-end of the band for the past six months. Changes in the monthly cost of living were mixed, with employee households experiencing the largest monthly increase. And staying in Australia, the Cotality Home Value Index rose +0.7% in February, easing slightly from a +0.8% gain in January. Price growth remained strong in Brisbane, Adelaide, and Perth, but values were flat in Melbourne and Sydney. Year on year, national home values rose +9.6%, moderating from +10.2% rise in January on this basis. Globally, we should probably note that the aluminium price is up during this turmoil, now at a four-year high. And tin has taken off, now at a record high. Copper is near a record high too, but it isn't changed during this crisis; its been at the current level all year. Also globally, we should note that air cargo demand rose +5.6% in January from a year ago with international airfreight up +7.2%, driven by the +9.4% rise in the Asia/Pacific region, and restrained by the +1.4% riser in North America. Meanwhile passenger air travel rose +3.8% with international travel up +5.9%. It is notable that domestic air travel fell in the US on a year-on-year basis. But it also did in Australia as well. And ocean freight costs have surged in the past day, shocking many as ships need to be re-routed away from the Middle East. The UST 10yr yield is now just on 4.06%, up +10 bps from this time yesterday.  The price of gold will start today up +US$18 from yesterday at US$5296/oz. Overnight it got up to a new record high of US$5415 but it has retraced since then. Silver is down a sharp -US$6 at US$87/oz today also after an interim burst higher. American oil prices are up +US$3.50 at just on US$70.50/bbl, while the international Brent price is up +US$4 to be now just over US$77/bbl. These at +6% rises. Given the intensified Middle East tensions, this seems pretty restrained. But European natural gas prices have leapt overnight. The Kiwi dollar is -70 bps lower against the USD from yesterday, now just on 59.3 USc. Against the Aussie we are down -40 bps at 83.9 AUc. We are down -20 bps against the yen. Against the euro we are unchanged at 50.7 euro cents. That all means our TWI-5 starts today down -50 bps, now just on 62.9 and a one month low. The bitcoin price starts today at US$69,835 and up +5.5% from this time yesterday. Volatility over the past 24 hours has been high at just under +/- 3.4%. You can get more news affecting the economy in New Zealand from interest.co.nz. Kia ora. I'm David Chaston and we'll do this again tomorrow.

Ust. Hamza joins Dr. Syed for a deep and bracing conversation about what it truly means to be a man of strength in times of crisis. Ust. Hamza opens up about pursuing combat sports not for violence, but to confront fear itself, using it as a gateway to discuss the Islamic blueprint for building genuine courage. This isn't about bravado; it's about spiritual grounding, the prophetic example, and remembering death to truly live with purpose.Then, the conversation sharpens its focus. In an age of performative outrage, especially regarding Gaza, they dissect the moral cowardice lurking beneath much of our online "dawah." They challenge us to move beyond metrics and likes toward real civil disobedience and internal reform. The core argument is a return to a Quranic framework for change: one that starts with transforming the self, boycotting our own sins first, and finding strength in sincerity and gratitude, not secularized activism.This episode is a call to un-alive the ego, to discard imported ideologies like the "red pill," and to find our true model in the character of the Prophet Muhammad (peace be upon him). It's a roadmap for disillusioned men seeking real strength to face the real problems of the Ummah—not through branding, but through brotherhood, building institutions, and uplifting the next generation of leaders. This isn't just a podcast; it's a reset.

Kia ora. Welcome to Monday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. Today we lead with news Trump has got his distraction war, flooding the recent zone of poor news with an adventure he has created. Business eyes will be on how the financial markets react. (Others can watch the politics.) So far, the equity futures markets have the S&P500 virtually unchanged (+0.1%), the US Treasury 10 year down -8 bps from their Friday close, and the USD (DXY) lower from Friday, but little-changed from a week ago. Oil prices will be closely watched, because the Strait of Hormuz has been closed by Iran. So far they are up 3% in off-market weekend reactions. Gold is up modestly so far too, but silver and platinum have jumped sharply, both gaining about +6% and both heading back toward the late-January peaks. Spreads, or the premium companies must pay over a risk-free US Treasury, are at their highest since November for investment grade companies, and their the highest since December for those with a sub-investment grade rating. But first, looking ahead this week, there is a raft of second tier data released locally, including some trade, and more importantly mortgage markets data. And we will get the Q4-2025 RBNZ Dashboard data, exposing the winners and losers among the local banks. In Australia. it will be all about the Q4-2025 GDP, and household spending data this week In the US on the economic front, they will have their non-farm payrolls report for February at the end of the week. We will get independent ISM PMIs and retail sales updated too. In China, data will be relatively light as Beijing insists its news attention is on their next five year plan meetings. But there will be PMIs out in China, as well as Canada, South Korea, Indonesia, Malaysia, the Philippines, Thailand, Vietnam, South Korea, Taiwan, Hong Kong, and Singapore. Trade data are also scheduled from Indonesia, while inflation figures will be released in Indonesia, the Philippines, Thailand, South Korea, Vietnam, and Taiwan. Additionally, the Malaysian central bank is set to announce its latest monetary policy decision. Over the weekend, the US PPI release shows that inflation has their producer prices firmly in its grip. Year-on-year this measure of industrial inflation wasn't too special at +2.9%, but core PPI was up +3.4% and the jump in January from December of +0.5% grabbed analysts' attention. Tariff-taxes are driving the increases as importers refuse to absorb some of these costs anymore. Meanwhile some of this also showed up in the Chicago PMI for February. The Chicago Business Barometer was expected to ease lower. Rather it leapt into a strong expansion. It was so different to the data around it on the ground had suggested, it might be wise not to jump to any early conclusions on the gain. And let's not forget the growing worries about 'cockroaches'. Concerns about the risks of private credit are not going away just because they are overshadowed by geopolitical tensions. In fact, those tensions will bring risk aversion and likely magnify the private credit risks. Investors who want out could trigger something big. Across the Pacific, Korean exports turned in another gigantic result in February, showing that the extraordinary January was no fluke. Their exports were +29.0% that a year ago at a record US$67.5 bln for the month, and this was even though there were three fewer working days and the Lunar New Year holiday break. It is another extraordinary result. Both the US and China saw imports from Korea rise more than +30% for each. In China, we should keep an eye on their car industry. They have returned from holiday with a large excess of unsold stock and are responding with promotions that feature heavy discounting. This may trigger a reckoning for many carmakers, large or small. Like their property industry, it could have wide-ranging implications. And staying in China, according to estimates by China International Capital Corp, roughly ¥75 tln (NZ$18 tln) in household term deposits will mature this year, and most of it had maturities of one year or longer. Most will be reinvested, but with such enormous flows, even small amounts diverted (to say gold, or higher risk/return options) will have very important impacts. The UST 10yr yield is now just on 3.96%, down -6 bps from this time Saturday.  The price of gold will start today up +US$93 from yesterday at US$5278/oz. Silver is up +US$5.50 at US$93/oz today. When global markets reopen, it will be unsurprising to see these prices rise sharply. American oil prices are up almost +US$2 at just on US$67/bbl, while the international Brent price is now just under US$73/bbl. But when global markets reopen today, expect a sharp rise as well. The Kiwi dollar is unchanged against the USD from Saturday, still just on 60 USc. Against the Aussie we are unchanged at 84.3 AUc. We are little-changed against the yen as well. Against the euro we are holding at 50.7 euro cents. That all means our TWI-5 starts today basically the same as Saturday, still just on 63.4. The bitcoin price starts today at US$66,168 and up +0.7% from this time Saturday. Volatility over the past 24 hours has been moderate, also at just over +/- 2.3%. You can get more news affecting the economy in New Zealand from interest.co.nz. Kia ora. I'm David Chaston and we'll do this again tomorrow.

Bitcoin ontwikkelaars hebben een voorstel gedaan om de encryptie te beschermen tegen de toekomstige dreiging van quantumcomputers. De community kan het voorstel met de naam BIP360 nu bekijken en beoordelen. Wanneer quantumcomputers een dreiging worden voor het Bitcoinnetwerk is nog gissen, toch willen ontwikkelaars alvast handelen op de ontwikkeling. Diverse publieke Bitcoinsleutels zouden het gevaar lopen gekraakt te worden, de voorgenomen upgrade brengt wijzigingen aan in de encryptie om hacks te voorkomen In de prijsanalyse gaat Tim Stolte, portfoliomanager bij Amdax en host van Een Nieuwe Koers in op de lichte daling van de koers afgelopen zondag. Volgens Stolte wordt deze onterecht toegedicht aan de beslissing van het Amerikaanse Hooggerechtshof om de importheffingen van de Amerikaanse president Donald Trump ongeldig te verklaren. De koers sukkelt sinds de scherpe daling van begin februari door op het huidige niveau, Stolte waarschuwt dat dit niet automatisch betekent dat de bodem van de bearmarket al bereikt is. Ook bespreken we de vermeende barstjes in de AI-bubbel, hoe groot zijn de gevolgen van het teruglopende enthousiasme in all things AI. Tot slot bespreken we een opvallende rechtszaak die gisteren is ingediend in New York. De failliete boedel van Terraform Labs, het bedrijf achter de stablecoin UST en Luna die in mei 2022 compleet instorten, klaagt Jane Street aan, een van de grootste en machtigste handelsfirma's ter wereld. Het bedrijf wordt beschuldigt van het gebruiken van voor het publiek besloten informatie om te handelen met voorkennis. Genoemd in deze aflevering Artikel in The Wall Street Journal over de rechtszaak rond Jane Street Over de podcast Cryptocurrency are here to stay. In deze wekelijkse podcast gidst Daniël Mol je door het belangrijkste cryptonieuws, langs hypes en trends, voor- en tegenstanders en winst en verlies. In het A-deel bespreken we het laatste nieuws en in het B-deel gaan we in gesprek met een gast. Van cypherpunkpioneers tot grootbanken die aan de haal gaan met stablecoins, van Bitcoin tot Ethereum tot CBDC's. Alles passeert de revue. Reageren? Stuur dan een mail naar cryptocast@bnr.nl Gasten Bart Mol is oprichter en host van Satoshi Radio, en Het Crypto Journaal. Daarnaast is Bart analist bij kennisplatform Bitcoin Alpha. Tim Stolte is portfoliomanager bij Amdax en host van de podcast Een Nieuwe Koers. Hij heeft een achtergrond in econometrie en is gespecialiseerd in Quantitative Finance. Host Daniel Mol is redacteur en presentator van de Cryptocast. Hij is sinds 2017 met Bitcoin bezig en kwam in 2021 bij het team van de Cryptocast. Redactie Daniel Mol Matthijs Damsteeg See omnystudio.com/listener for privacy information.

Please join Ralf Preusser in conversation with Yuri Seliger and Meghan Swiber to discuss supple and demand in US bond markets. Strong supply in credit has been well absorbed, helped by a significant reduction in risk delivery to the private sector by US Treasury. Inflows are robust, supported by attractive yields and until recently lower rate vol. We can also observe growing appetite to extend along the UST curve, in particular among domestic investors.   You may also enjoy listening to the Merrill Perspectives podcast, featuring conversations on the big stories, news and trends affecting your everyday financial life.   "Bank of America" and “BofA Securities” are the marketing names for the global banking businesses and global markets businesses (which includes BofA Global Research) of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Securities, trading, research, strategic advisory, and other investment banking and markets activities are performed globally by affiliates of Bank of America Corporation, including, in the United States, BofA Securities, Inc. a registered broker-dealer and Member of FINRA and SIPC, and, in other jurisdictions, by locally registered entities. ©2026 Bank of America Corporation. All rights reserved.

Khutbah Jum'at - Ust. Dr. Firanda Andirja, Lc., MA. hafizhahullahu.Judul : Taqwa, Solusi Semua Masalah.Renungan Ramadhan:Tujuan shaum Ramadhan adalah agar kita bertaqwa. Tujuan yg agung.Ternyata taqwa adalah solusi bagi semua problematika kehidupan kita.Banyak masalah dalam kehidupan juga akarnya adalah karena hilangnya ketaqwaan.Sebuah kata yg sering terdengar namun kita sering lupa hakikatnya. Semoga Allah menjadikan kita hambayg bertaqwa.Sumber : YouTube.

We talk about her basketball family, how her faith has grown at UST, and stepping into her role as a leader on and off the court. We also talk about which Marvel character she would be, scrapbooking, the team's trip to Italy, and much more!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Kia ora.Welcome to Monday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.Today we lead with news the modest US inflation rate reported for January is fueling a disconnect and scepticism in US households.But first, this is a week where we will get the next RBNZ OCR review on Wednesday, important because it is Governor Brennan's first. And she will get her first inkling of January inflation impulses on Tuesday, and may have the January REINZ data later today. And she will likely know how the bank's consumer and business surveys are tracking, especially on inflation expectations.In Australia, the key data will come on Thursday with their January labour force updates. And the RBA will release the minutes of it February 4 meeting on Tuesday, always a potential market-moving event.The US Fed will also release its minutes this week. And we will get the advance estimate of Q4-2025 US GDP, as well as the Fed's [referred inflation gauge, the PCE. Canada will chime in with its own key releases.In China, markets will be closed for the week-long Lunar New Year holiday from February 16 to 23, although January foreign direct investment data is still expected to be released. Elsewhere, trade figures are due from Singapore, Malaysia, and New Zealand, while Malaysia will also publish inflation data.Over the weekend, China reported that that price deflation in their housing market picked up in January for a third straight month at a faster pace, overall down -3.1% from a year ago. In January, the year-on-year sales price of existing homes in first-tier cities fell by -7.6%. Specifically, prices in Beijing, Shanghai, Guangzhou, and Shenzhen falling by -8.7%, -6.8%, -8.3%, and 6.5% respectively. In second- and third-tier cities, the year-on-year sales prices of existing homes fell by -6.2% and -6.1%. Prices for new-built houses fell too, but only by -2.1%.Staying in China, and as expected, the normal January surge in new yuan lending by banks occurred again this year, but by less than expected and by a -8.2% lower level than for 2025, -4.3% lower than for January 2024. And it was -5.8% lower than what was expected. It is a soft result and is typically followed by a sharply lower level of lending in February during the Spring Festival/CNY period. 2026 is off to a languid start for them.Meanwhile, China's export economy is still functioning at full speed. Their current account surplus widened to an unprecedented US$242 bln in Q4-2025, sharply higher than the US$164 bln recorded a year earlier.India also released bank loan data overnight, and their firms are borrowing up big. In fact, it was up +14.6% in January from a year ago, the strongest surge in a year.Malaysia reported that its economic activity rose +6.3% in Q4 2025 from a year ago, revised up from an initial 5.7% and accelerating from 5.4% growth in Q3. This was their sharpest expansion since Q4-2022, with broad gains in agriculture, driven by oil palm output (+16, manufacturing, and services.On Saturday in the US CPI inflation came in at 2.4% for the year to January, slightly below the expected 2.5%. Core inflation came in at the expected 2.5%. This result was all due to lower petrol prices and falling used car prices. However, food was up +2.9%, and rents were up +3.0%. Electricity prices were up +6.3% (thank you, AI) and home gas was up +9.8%. It will be hard for households to feel inflation is under control.And key will be how the US Fed will interpret this data when setting their policy rates at their next meeting on March 19, 20206 (NZT). Markets currently expect a hold, and at least until the middle of the year.And one reason food prices seem higher there than the official data is that US beef cattle herd is now at its lowest in 75 years. This helps explain why US imports are soaring, and prices are high & rising.And don't forget, it is a long holiday weekend in the US for Washington's Birthday/President's Day. US-based activity will be low tomorrow and that will show up in our financial markets.The UST 10yr yield is still just under 4.06%, little-changed from Saturday but it is down -15 bps from this time last week.The price of gold will start today up +US$21 from Saturday at US$5041/oz. Silver is down -50 USc at US$77.50/oz today.American oil prices are little-changed at just under US$63/bbl, while the international Brent price is still under US$68/bbl.The Kiwi dollar is little-changed against the USD from Saturday, now just on 60.4 USc and down -10 bps. Against the Aussie we are unchanged at 85.4 AUc. We are down marginally again against the yen. Against the euro we are unchanged at 50.9 euro cents. That all means our TWI-5 starts today little-changed, now at 63.8 and down -10 bps from Saturday.The bitcoin price starts today at US$68,565 and down -0.8% from this time Saturday. Volatility over the past 24 hours has been modeST at just under +/- 1.5%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston and we'll do this again tomorrow.

On this week's show we discuss the details of Ara's new home's layout offering his perspectives on his choices for network, home theater, whole home audio and smart home functionality.  We also read your emails and take a look at the week's news. News: Kodak Luma 500 - Review Launch date, channel list for YouTube TV sports plan revealed Sony, the pioneer of Blu-ray Disc recorders, to pull plug on sales Price concerns remain the leading reason for streaming cancelations Other:  IKEA Smart Home Without Dirigera: Homey Pro, Home Assistant, HomeKit, Google, Alexa & Aqara Ara's New Home Design (Network, Smart Home, and AV) Last week Ara was out in Franklin TN meeting with electricians and security contractors to prewire his house with everything he needs to make adding smart home devices and A/V a snap. So what did he do? But first an email from longtime listener Jorge Beltran with some recommendations. Jorge's email  Guys: I am listening to the latest episode on a train delay in freezing NJ.  I heard the question about sound bar vs 3.1 system vs full surround. I advocate that if money permits and a remodel situation allows it, I would significantly recommend trying to install 5.1, 7.2, or you name it. I have a full theater with 11.2 in the basement that we enjoy and I adore. But we keep watching more and more in the family room next to the kitchen for whatever reason.  And I do enjoy a lot having a surround setup there too and kept adding to it (it was pre wired on a remodel). There was a high WAF in that room, so I went with in-walls for fronts and in-ceiling for rear surround and a couple more for front ATMOS.  Yes, the surrounds and ceiling speakers are not at the ideal locations but they really, really add to the experience, even for the super bowl ambiance.   A friend of mine just upgraded his whole house and used KEF on-walls, very thin, good looking, placed a bit higher and almost looked like a decoration in a more contemporary home.  The wife gave them a big approval.  I checked after looking at my wife's face but are out of my price range. For you Ara, another friend, a latin party guy, installed 6 speakers on vaulted ceilings in the family room next to a kitchen and surrounded by windows, and they work really great. Thus, my vote for Ara is to add ceiling speakers on his vault for surround effects.  Ask the builder to wire them and box them out like a traditional speaker and place them on the rafters.  You build so many speaker boxes already, this one can be made of MDF.  Even better, build your own speaker out of parts, install it on the rafters just below the sheetrock, add a grill and you have the best sounding and looking in-walls ever. Last one, a builder friend just added in walls / in ceilings that go behind the sheetrock.  I have not seen them yet.  No excuses gents. Sending a CafPow for the extra spackle. Jorge Ara's Setup Wifi and Network decision - Ubiquiti Dream Wi-Fi 6 $350 & Ubiquiti Networks UniFi 7 Pro Access Point (POE) $180 Cameras, doorbell, motion sensors - Aqara 4MP Camera Hub G5 Pro PoE  $190 & Aqara Smart Doorbell Camera G410  $130 & Aqara Presence Sensor FP2, mmWave Radar Wired Smart Motion Sensor $58 Light switches - Lutron Caseta Original Smart Dimmer Switch Kit w/ Hub $115. I am only having the company install one or two, I will do the rest as I learn our new routine and decide which switches need automation. I will make use of lamp modules as I prefer those types of lights to recessed lights.  Whole Home Audio - Ara to build/buy speakers and connect to the network via ethernet cables using WiiM Amp: Multiroom Streaming Amplifier $300 TV and Home Theater - For the family room I will use a large format TV with a soundbar. Right now I am leaning towards Sonos Beam Gen 2 and their wireless subwoofer (Sonos Sub 4 $760). For my theater in an upstairs den I will do a traditional setup with atmos. It will consist of an UST, Receiver, and 7.1.2 speakers. Eventually I will build out a more formal theater in the basement. If I live long enough LOL No traditional Cable RG6

Kia ora.Welcome to Friday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.Today we lead with news global financial markets are showing nerves ahead of tomorrow's US CPI data, not only because there is upside risk that will restrain the US Fed from, rate cuts, but also gun-shy after getting non-farm payrolls reports they basically didn't believe. Sanitised US data is a risk no-one wants (other than the White House.)First in the US, there were 248,000 initial jobless claims last week, a small decrease but the one explained by seasonal factors. There are now 2.215 mln people on these benefits, more than the 2.19 mln in the same week a year ago.And American existing home sales came in sharply lower in January that the good December level. They ran at a -4.4% lower rate than in January 2025, and even lower than the unusually low January 2024 level. They fell everywhere and was the largest fall in four years, although prices rose marginally from a year ago.The New York Fed released a detailed review of "who pays" the Trump tariff taxes, and surprise, surprise, they found it is almost exclusively (90%) Americans who pay. Who knew? They also found that after these tariffs, China's share of US imports is basically unchanged. Some people are slow learners - tariff taxes are a tax on yourself. But you have to take stage one economics to learn this stuff.In India, they released CPI inflation data overnight and it came in at 2.75%, their highest since May. And we should also probably note that protests in India are growing against their recently-agreed free-trade deal with the US.In China, their Spring Festival / Chinese New Year formally starts on Tuesday, and a lot depends on the consumer spending patterns during this two week annual break. Forward bookings for travel indicate a record level of travel, a sharp jump in international travel, and a preference for independent, non-package holidays. Thailand, Russia, Turkey and the Philippines are getting outsized bookings this year.Separately, China has rolled back its steep tariff penalty on EU dairy products.In Australia. consumer inflation expectations rose in February to 5.0%. This follows a seven-month period of below five-per cent expectations. The increase in February is present across a number of inflation expectations measures.And staying in Australia, chances are rising that extended drought conditions related to the return of an El Niño weather pattern that may come later in 2026. It will be hotter there too. If that occurs, there will be spillover implications for New Zealand, particularly for the rural sector.Global container freight rates were little-changed last week (-1%), to be -38% lower than year-ago levels. Once again, the key change were weaker outbound China rates. Although shifting in between, bulk cargo rates are essentially unchanged from a week ago, but they are +150% higher than year-ago levels. (But that base was unusually low.)The UST 10yr yield is now just over 4.11%, and down -6 bps from yesterday in a hard shift to 'safety'.The price of gold will start today down -US$122 from yesterday at US$4953/oz. Silver is down a very sharp -US$8 at US$76/oz and even more volatility.American oil prices are down -US$2 at just over US$63/bbl, while the international Brent price is now just under US$68/bbl.The Kiwi dollar is down a minor -10 bps against the USD from yesterday, now just over 60.5 USc. Against the Aussie we are up +20 bps at 85.2 AUc. We are down again against the yen. But against the euro we are unchanged at 51 euro cents. That all means our TWI-5 starts today also little-changed, still at 63.9.The bitcoin price starts today at US$66,288 and up +0.5% from this time yesterday. Volatility over the past 24 hours has been modest at just on +/- 1.7%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston and we'll do this again on Monday.

Kia ora.Welcome to Thursday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.Today we lead with news of what seems to be an outlier jobs report that has financial markets sceptical.US non-farm payrolls were claimed to have risen +130,000 in January in delayed data released today, far above the downwardly revised +48,000 level for December and more than double analysts' collective estimates. All the gains seem to be in their healthcare sector. If it stands, it undermines the case for Fed rate cuts.Market reactions have not been supportive, with bond yields rising, rate curves fattening, the equity markets falling, and the USD falling.The detail of this jobs report remains 'interesting' all the same. Raw (not seasonally adjusted) data shows payrolls actually fell -2.65 mln in January from December, down -2.85 mln from November. And nested within this data are revisions for calendar 2025 now showing employment growth for 2025 revised down to +181,000 from +584,000 previously reported, implying average monthly job gains of just +15,000.These revisions bring the official data back looking like the private ADP data - except for the January headline result. Markets expect this to be revised sharply down in coming months.US mortgage applications fell again last week, the third consecutive dip, although not as sharp as the prior two.There was another US Treasury bond auction overnight, this one for their ten year Note. It was well supported. The median yield came in at 4.11%, down from the 4.13% at the prior equivalent event a month ago.Meanwhile, the US budget deficit keeps getting worse. It will grow in fiscal 2026 to -US$1.85 tln, the Congressional Budget Office said overnight. Current policy settings are worsening the country's fiscal picture amid low economic growth, particularly the enormous tax-cuts for the rich. They say the "One Big Beautiful Bill" tax cuts will will add $4.7 tln to US deficits.Across the Pacific, there is still no inflation in China, and it has turned toward deflation faster than expected. Their annual inflation rate eased to +0.2% in January from an already very low 0.8% in the previous month. This is its lowest level since October and below market estimates of 0.4%. Food prices fell for the first time in three months (-0.7% vs 1.1% in December) while non-food inflation slowed sharply too (0.4% vs 0.8%). Meanwhile, Chinese producer price deflation eased to -1.4%.China also released January car sales data, coming in at 2.35 mln for the month. However, that was -3.3% lower than for January 2025 and +-3.8% lower than the same month in 2024. Notably soft were NEV sales in January. Perhaps we are seeing signs of maturing (or exhaustion?) in this very dynamic market. It's is hugely important to China's industrial base, selling more than 34 mln units in 2025.In Australia, the number of new owner-occupier new home loan commitments rose +7.5 in the December 2025 quarter compared with a year ago. On a value basis, that rose +18.9%. For housing investor loans for the same periods, the number of new loans rose +24%, and their value rose +32%.The UST 10yr yield is now just under 4.17%, and up +2 bps from yesterday. The price of gold will start today up +US$58 from yesterday at US$5075/oz. Silver is up +US$3.50 at US$84/oz and extending its new volatility.American oil prices are up +US$1 at just on US$65/bbl, while the international Brent price is now just under US$70/bbl.The Kiwi dollar is up a minor +10 bps against the USD from yesterday, still just under 60.6 USc. Against the Aussie we are down -50 bps at 85 AUc. We are also down against the yen. But against the euro we are up +20 bps at 51 euro cents. That all means our TWI-5 starts today little-changed, still at about 63.9.The bitcoin price starts today at US$65,965 and down -5.1% from this time yesterday. Volatility over the past 24 hours has been moderate at just on +/- 2.8%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston and we'll do this again tomorrow.

A conversation with Omry Ben David, a Managing Partner at Viola Ventures, fueling early-stage startups on their journey to global success, wiith $1.5B under management and 20+ years in Israel's tech scene. And Yuval Wollman, President at CyberProof and Managing Director at UST. CyberProof is a cybersecurity platform and services innovator helping enterprises use information technology to solve business problems, without fear of cyber-attacks. Omry Ben David and Yuval Wollman focused on potential solutions to the challenges facing Israel today. This program took place at Temple Beth Am, Los Angeles, February 9, 2026. (Zoom)Special Guests: Omry Ben David and Yuval Wollman.

Kia ora.Welcome to Wednesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.Today we lead with news financial markets are taking more notice of the lackluster US economic data today, with Wall Street equity markets hesitating, bond yields in a defensive twist, and the USD staying weaker.But first, the overnight dairy Pulse auction not only confirmed the prior week's sharp rises, it added to them. WMP was up a marginal +0.4% from a week ago to be up +14% from the start of 2026. Butter was up +6.8% from last week, up +18% year-to-date. And the SMP price was up +1.7% from last week, also up +14% so far this year. Everyone in the industry will welcome this confirmation of the recent rising trend, even if some of it is just USD weakness.Not so positive was the US retail sales report for December, which showed zero growth from November, to remain +2.3% higher than a year ago. Given CPI inflation is +2.7%, there is clear stagflation involved here.Meanwhile the weekly ADP employment report only showed private payrolls gaining +6,500 nationally, well within the margin of error. But at least it was better than the prior week's no-change.The January NFIB optimism index was also little-changed and still below the benchmark 100 level.US household debt as at the end of 2025 was recorded at US$18.8 tln, a +4.2% rise from the end of 2024. Non-housing debt rose only +2.6% in the same period, so Americans are taking on more housing debt at a faster pace. The same report shows delinquency rates on all loans rose to 4.8% of outstanding household debt, the highest level since 2017, driven by higher defaults among low-income and young borrowers.The overall soft US data probably helps make the case for another Fed rate cut at their next meeting on March 19, 2026 (NZT) but there is a lot to be revealed before then.In Australia, consumer sentiment slipped in February, and not insignificantly. Recall, the RBA has recently pushed through a rate rise. Analysts say the fall is a muted response compared to previous rate hikes. Over 80% of those surveyed expect interest rates to rise further in the next 12 months. Homebuyer sentiment has sunk as price expectations hit new 15 year high.Meanwhile, the NAB business sentiment survey results inched up in January, although revenues softened. That was offset by costs easing a bit faster.The UST 10yr yield is now just under 4.15%, and down a sharpish -5 bps from yesterday.The price of gold will start today down -US$55 from yesterday at US$5018/oz. Silver is down a sharp -US$3 at US$80.50/oz and continuing its extreme volatility.American oil prices are down -50 USc at just on US$64/bbl, while the international Brent price is now just under US$69/bbl.The Kiwi dollar is little-changed against the USD from yesterday, still just under 60.5 USc. Against the Aussie we are up +20 bps at 85.5 AUc. Against the euro we are holding at 50.8 euro cents. That all means our TWI-5 starts today unchanged at 63.9.The bitcoin price starts today at US$69,517 and down -0.7% from this time yesterday. Volatility over the past 24 hours has been moderate at just on +/- 2.3%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston and we'll do this again tomorrow.

Kia ora.Welcome to Tuesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.Today we lead with news Taiwan's export prowess shows no signs of flagging.But first, US inflation expectations fell to 3.1% in January, the lowest in six months, compared to 3.4% in December. Consumers expect a slowdown in prices for petrol, and a slight easing in rent rises. But they still expect food prices to rise 5.7% over the next year.The release of US labour market data, and their CPI update later in the week is where the focus is currently. And the US dollar is weak again, back near its post-pandemic low.In China, their economy is gearing up for the Year of the Horse. China's Spring Festival holiday starts a week from today on February 17 and runs to March 3, 2026.Taiwanese exports in January were spectacular yet again. They were up +70% year-on-year to an all-time high of US$66 bln in the month, following stunning +43% growth in the previous month. Analysts were expecting a +50% rise. It is a virtuous result with every category of their export trade rising. Exports to the US jumped +150%, and are now accounting for one third of their third export trade - about the same as it is toi China.Malaysia's industrial production rose +4.8% in December from a year ago, the sixth straight month it has expanded by more than +4%.In Australia, household spending fell -0.4% in December on a seasonally adjusted basis. The only category that rose notably was alcohol sales. This follows rises of +1.0% in November and +1.4% in October. Household spending over the year remains high, up +5.0% in the year to December 2025.The UST 10yr yield is now just over 4.20%, and little-net change from yesterday.The price of gold will start today up +US$107 from yesterday at US$5073/oz. Silver is up a sharp +US$5.50 at US$83.50/oz after recovering from a 2026 low.American oil prices are up +US$1 at just on US$64.50/bbl, while the international Brent price is now just under US$69/bbl.The Kiwi dollar is up +30 bps against the USD from yesterday, now just under 60.5 USc. Against the Aussie we are down -½c at 85.3 AUc. Against the euro we are down -10 bps at just on 50.8 euro cents. That all means our TWI-5 starts today just over 63.9, and up +10 bps from yesterday.The bitcoin price starts today at US$70,013 and down -1.0% from this time yesterday. Volatility over the past 24 hours has been moderate at just on +/- 2.5%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston and we'll do this again tomorrow.

Kia ora.Welcome to Monday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.Today we lead with news all eyes will be on the US tech industry selloff that gathered pace last week, delivering collateral damage to cryptos, and a very volatile ride for precious metals.But first, this coming week will feature the delayed release of the January US non-farm payrolls report on Thursday (markets expect +70,000), and their CPI report on Saturday (markets expect 2.5%). Deviation from those expected levels will likely have financial market implications.Australia is set for a busy data week, with releases including household spending, consumer and business confidence, building permits, home loans, and consumer inflation expectations.In New Zealand the key data this week is for Q4-2025 ready mixed concrete, and migration updates. Plus Q1-2025 inflation expectation data.China will release its CPI and PPI data on Wednesday (expect 0.4%) as well as January new loan data this week too.In China over the weekend, their FX reserves got a boost from the weak USD in January which helped boost these by +US$41 bln from December to US$3.4 tln and the highest in more than a decade. That is up from US$3.2 tln in January 2025. They also added to their gold holdings, adding +40,000oz in the month to 74.19 mln oz. That is up +US$1.8 tln in a year.Also over the weekend, US economic data looked shaky. Initial US jobless claims rose by +22,000 from the previous week to 252,000 on the last week of January, sharply above market expectations of 212,000. There are now 2.215 mln people on these benefits, up +78,000 from a week ago but that is lower than a year ago (2.252 mln), even if it is very much higher than two years agoUS job openings fell by -386,000 to 6.5 mln in December, the lowest since September 2020 and well below market expectations of 7.2 mln.Job layoffs in January came in at 108,500, the highest level for a January since 2009.The University of Michigan's consumer sentiment index rose marginally in February from its record low levels and it was a third consecutive monthly increase. Analysts had expected it to dip again. Despite the improvement, sentiment remained roughly 20% below January a year ago. The gains were driven largely by consumers with significant stock holdings, while sentiment among households without significant equity exposure stagnated at depressed levels. Year-ahead inflation expectations fell sharply to 3.5% from 4.0% in January, the lowest level since January 2025, while longer-term inflation expectations edged up for a second month to 3.4% from 3.3%.The jobless rate in Canada fell to 6.5% in January from 6.8% in the previous month, undershooting market expectations of 6.8%. But this 'improvement' was only due to fewer people looking for work. Their labour force contracted by -94,000, pushing the participation rate down to 65.0% from 65.4%. They lost -25,000 jobs in the month, interrupting the recent run of gains. But this was driven by a -70,000 fall in part-time jobs whereas full-time positions rose +45,000.Meanwhile Canadian retail sales data in both November and December came in quite positive.And their January Ivey PMI remained expansionary, a surprise because it was expected to shift back into contraction.Japan has been voting in their snap national election. It was essentially a referendum about Sanae Takaichi, a die-hard conservative in the Shinzo Abe mould. She has won convincingly with a rare single-party majority. Actually, it is better that that, a rare two-thirds super-majority.There was an election in Thailand as well, one where the ruling conservative/royalist/military party won, with 45% of seats decided, plus the proportional representation seats.At the end of last week, around the world, there were a series of central bank policy updates. The Reserve Bank of India kept its its key policy rate at 5.25% during its overnight February after cutting it by -25 bps at the prior December meeting. This is what was expected.In the EU, the ECB left its policy interest rates unchanged at its first policy meeting of 2026, on the basis that inflation is stable an within its target policy range. It is the "good place" the central bank wants to see.The Bank of England left its rate unchanged too, at 3.75%. But that was a close-run thing with a 5-4 vote.German factory orders surged +7.8% in December from November, defying market expectations for a -2.2% drop and accelerating from November's marginally revised +5.7% gain. It is up more than +13% from a year ago. It marked the fourth straight monthly increase and the strongest since December 2023.Australia recorded a merchandise trade surplus of +AU$6.7 bln in December, down -23% from the same month in 2024, taking the full 2025 surplus to +AU$45.0, which in turn was -33% lower than for all of 2024. Exports were $523.2 bln for the year, up only +1%. That gain was only possible because gold exports rose +66% to AU$60.9 bln for the full year. Rural exports rose +13.7% to AU$77.5 bln in 2025. Other mineral export receipts tanked.The UST 10yr yield is now just on 4.21%, unchanged from Saturday.The price of gold will start today very little-changed from Saturday at US$4966/oz. Silver is also little-changed at US$78/oz. In China, gold sales to investors topped those for jewelry from the first time in 25 years.American oil prices are down about -50 USc at just on US$63.50/bbl, while the international Brent price is now just on US$68/bbl. A week ago these prices similar.The Kiwi dollar is down -10 bps against the USD from Saturday, now just under 60.2 USc. Against the Aussie we are little-changed at 85.8 AUc. Against the euro we are down -10 bps at just on 50.9 euro cents. That all means our TWI-5 starts today just under 63.8, and down -10 bps from Saturday.The bitcoin price starts today at US$70,693 and up +1.1% from this time Saturday. But it is still down -10% from this time last week. Volatility over the past 24 hours has been modest however at just on +/- 1.9%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston and we'll do this again tomorrow.

Kia ora,Welcome to Thursday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.Today we lead with news the real economic markers in the world's largest economy painted a very lackluster picture today.US mortgage applications retreated again last week, for a second consecutive week. But these are still running well above year-ago levels. The refinance activity retreated but the big fall was for new purchase finance.Private businesses in the US added just +22,000 jobs in January according to the comprehensive ADP survey, (sample size of 26 mln) following a downwardly revised +37,000 rise in December and below forecasts for a +48,000 rise. Among these lackluster totals hiring in the health care sectors was a standout, adding +74,000 jobs. It was retrenchment in many others, including manufacturing.Remember the January non-farm payrolls report won't be released at its usual time on Saturday (NZT) due to the shutdown delays. It will now come next Thursday, February 12 (NZT).Meanwhile the ISM services sector PMI stayed in relatively good shape in January, although December was revised lower. New order growth slowed however, and price increases, pushed by tariff-taxes, rose.This is not translating into consumers buying cars at a higher rate. In fact, in January the annualised rate was only 14.9 mln vehicles, the slowest month since December 2022, and -4.1% lower than in January 2025.In China, and unlike the official January services PMI which was more negative, the private S&P Global version is more positive. The RatingDog China General Services PMI rose in January to a better expansion, from December's six-month low and better than market expectations. It's the strongest expansion in their services sector since October, driven by stronger growth in new orders, and a fresh increase in foreign sales.Meanwhile China said its fiscal revenue fell in 2025 for the first time since the pandemic. Sharp falls in non-tax takings outweighed a modest recovery in tax revenue.In Europe, the surging value of the euro helped push down their January CPI inflation level to 1.7%. Food, however, was up 2.7%.Australia released some living cost indexes yesterday, following the overall 3.8% December CPI. They say living costs for 'employees' rose just +2.2% in the year to January, but for 'aged pensioners' it was up +4.2%.The UST 10yr yield is now just on 4.27%, down -2 bps from this time yesterday. The key 2-10 yield curve is still at +71 bps.The price of gold will start today down -US$120 from yesterday at US$4860/oz. Silver is down -US$1 to US$85.50/oz. Some non-precious metals are lower too.American oil prices are up a bit less than +US$1 at just under US$63.50/bbl, while the international Brent price is now just on US$67.50/bbl.The Kiwi dollar is down -60 bps against the USD from yesterday, now just over 59.9 USc. Against the Aussie we are down -40 bps at 85.8 AUc. Against the euro we are also down -40 bps at just on 50.8 euro cents. That all means our TWI-5 starts today just under 63.6, and down -50 bps from yesterday.The bitcoin price starts today at US$72,550 and down another -3.3% from this time yesterday, and falling. The last time it was this low was in November 2024. Volatility over the past 24 hours has been moderate at just on +/- 2.6%.Please note that it is a public holiday in New Zealand on Friday, Waitangi Day. This podcast will not be published on Friday, but will return on Monday.

Kia ora,Welcome to Wednesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.Today we lead with news gold and silver are currently experiencing the volatility we saw with bitcoin in 2024/25. Meanwhile, bitcoin is being dumped heavily today.Today starts with a series of unfortunate delays. The overnight dairy auction has concluded after an extended delay, but there is further delays in reporting the outcome. We will update this item when those results come through.And there are delays in some key US data due to the snap federal government shutdown. We expected to report the December JOLTs report today but it is in abeyance now. And the January non-farm payrolls report will get delayed as well for the same shutdown reason.But we did get US logistics data overnight, their LMI. This rose because first started building inventories in the way they did in January a year ago, but not excessively. Of note however is that inventory costs rose a sharp +8.4% this year, which will no doubt focus management minds.There was a secondary survey out overnight on economic optimism in the US and that was moderately positive. The RealClearMarkets/TIPP Economic Optimism Index rose to its highest since August and above expectations. But to be fair it is still below the 2025 average and -6% lower than its year-ago level. But at least it is off its November low.In Canada, their large aircraft manufacturing industry is holding its breath. The Trump FAA is withholding technical certification for new-built Canadian aircraft, waiting for the president to decide on the issue.There was an unusual and notable rise in consumer sentiment in Taiwan in January, to its highest level in nine months. It is back up to mid-2023 levels after a general decline that started in September 2024.And China warned Panama there would be "heavy prices" to pay after a court ruling in Panama annulled Hong Kong-based CK Hutchison's contract to operate two ports at the Panama Canal. This reaction will have relevance for the Darwin port issue, where a new 99 year lease owned by a Chinese firm is under threat of annulment too.In Germany, and despite solid demand holding up, investors there are expecting and getting higher risk premiums for their government 30 year bond. It yielded 3.55% today, its highest in 15 years. Its 10 year bond is almost at 2.90%, and also near its 2011 levels. Germany plans to raise more than €500 billion this year to fund infrastructure upgrades and for defence spending. But most other European countries are doing the same, and that is driving up yields.In Australia, and as expected, the RBA raised its policy rate by +25 bps to 3.85% and ending its shortish easing cycle. Most big banks there have already announced a full pass-through to their home loan and business lending rates. The RBNZ reviews its policy rate on February 18, 2026 but is not expected to make any changes to its 2.25% rate at that time.The UST 10yr yield is now just on 4.29%, up +2 bps from this time yesterday.The price of gold will start today up +US$273 from yesterday at US$4980/oz. Silver is up +US$8 to US$US$86.50/oz. Some non-precious metals are bouncing back sharply too.American oil prices are up +50 USc at just over US$62.50/bbl, while the international Brent price is now just over US$66.50/bbl.The Kiwi dollar is up +40 bps against the USD from yesterday, now at 60.5 USc. Against the Aussie we are down -10 bps at 86.2 AUc. Against the euro we are up +30 bps at just on 51.2 euro cents. That all means our TWI-5 starts today just under 64.1, and up +30 bps from yesterday. And the Chinese yuan is at its strongest level against the US dollar since 2023.The bitcoin price starts today at US$74,990 and down -5.0% from this time yesterday, and falling. The last time it was this low was in mid November 2024. Volatility over the past 24 hours has been modest at just on +/- 1.7%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston and we'll do this again tomorrow.

Kia ora,Welcome to Tuesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.Today we lead with news commodity prices are still falling after last week's crazy surge. The retreats are widespread and substantial. Oddly, it isn't having much effect on commodity-based currencies however.But first today, the January factory PMIs for the US were positive, based on good new order growth. The closely-watched local ISM version expanded for the first time in 12 months, preceded by 26 straight months of contraction. Prices rose sharply for both inputs and outputs, and some buying appears to be to get ahead of expected price increases due to ongoing tariff issues, they said.Meanwhile the S&P Global factory PMI came in with similar trends, finding rises in production when sales growth was subdued. These two surveys are positive, but we should remember that January is "reorder month" and with the tariff threats lingering, it might mean this distortion is playing an outsized role.In China, their PMI's trends were not too different from the US, even if they were in contrast to their official version. They reported an expansion in production at a faster pace amid higher new orders. Employment rose Output charges increased for the first time in 14 months.In Taiwan, their factory sector recovery gathered pace in January, but cost pressures intensified.In Singapore and Malaysia, they recorded a January uptick, but the expansions there are still modest in their factory sectors.India and the US announced an agreement to lower tariffs and lower the temperature in their trade disputes. Given that India's exports to the US were already rising even with the higher tariff's, this is likely to be a substantial boost for India.Back in the US, and under the radar, they have entered a new federal government shutdown, with layoffs. This one is expected to be short because a deal between Congress and the White House seems to be in effect. But it will delay this weekend's non-farm payrolls report announcement.In Australia, Cotality said low supply levels, first home buyer incentives and a resilient labour market are combining to keep house prices rising. They are up +9.4% nationally from a year ago. But there is wide variation. They said mounting affordability and debt headwinds are butting up against 'fragile sentiment'. This is especially true where the prices are highest, in Sydney and Melbourne, where prices rose only +6.4% and +5.4% in January from a year ago, the least of any major city. The median house price in Sydney is now AU$1.29 mln (NZ$1,5 mln). It is now also above AU$1 mln in Brisbane at AU$1.055 mln (NZ$1.22 mln).The UST 10yr yield is now just on 4.27%, up +3 bps from this time yesterday.The price of gold will start today down -US$183 from yesterday at US$4707/oz. Silver is down -US$6 to US$US$78.50/oz. Non-precious metals are falling hard too.American oil prices are down -US$3 at just underer US$62/bbl, while the international Brent price is now just on US$66/bbl.The Kiwi dollar is down -20 bps against the USD from yesterday, now at 60.1 USc. Against the Aussie we are also down -20 bps at 86.3 AUc. Against the euro we are up +10 bps at just on 50.9 euro cents. That all means our TWI-5 starts today just under 63.8, and down -10 bps from yesterday.The bitcoin price starts today at US$78,946 and recovering +2.0% from this time yesterday. Volatility over the past 24 hours has been high at just on +/- 3.0% with all the fall coming yesterday.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston and we'll do this again tomorrow.

Kia ora,Welcome to Monday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.Today we lead with news commodity and financial markets delivered some rather spectacular gyrations over the weekend, forcing investors to review how they are going to deal with the 'certainty of uncertainty' enveloping global markets.But first this week, our local coverage will be dominated by Wednesday's Q4-2025 labour market report. If it brings a notable improvement from the expected no-change 5.3% jobless rate, then the recent high inflation rate (3.1%) will get more of the RBNZ's attention at its February 18 meeting.Also this week, the RBA is meeting tomorrow to review Australia's monetary policy settings. A +25 bps change is now expected taking this rate to 3.85%, a sharp adjustment in sentiment following the strong December CPI data (3.8%).Elsewhere, important labour market data will come from the US at the end of the week via their January non-farm payrolls report. Markets expect a modest +70,000 job gain there, slightly better than the disappointing December +50,000 rise. Before that, there will be their JOLTs report, the ADP jobs report, and the layoff data for January. Then we get the first February consumer sentiment report, and it is expected to stay near its historic lows.There will be many more PMIs reported this week. And the EU will release its CPI data update, the ECB will review its policy rate. India will too. As will England.In Japan, they will release business sentiment survey results.But the week has already started in China, with dour official PMI survey results released. Their factory sector slipped back into contraction indicating their December expansion was a rogue result. Their services PMI also reverted to contraction as well, and they will be very disappointed. Neither was expected to reverse in January. The non-official PMIs will be released later today.Also over the weekend, Taiwan said its economy expanded at more than a +12% rate in Q4-2025 in a spectacular release, and their best quarter ever. That means all of 2025 was up +8.6%, even better than the outstanding 2025 gain of +5.3%. No wonder Beijing covets the neighbouring island nation.In Japan, they reported that its retail sales unexpectedly fell in December, although it did revise up its November retail sales results.In South Korea, the pandemic recovery excepted, their exports rose at a record +34% year-on-year rate in January to a massive US$66 bln. This is largely as a result of booming tech exports to China and the US. And it sets up 2026 with a great start, after 2025 exports also hit all-time records.Indian bank loan growth is still rising very fast indeed, up more than +13% year on year in its January 9, 2025 data released over the weekendIn the US, Trump said he will appoint Kevin Warsh from the conservative Hoover Institute and member of the billionaire Este Lauder family, to replace Powell when Powell's term ends in May 2026. The choice seemed to trigger the precious metals selloff. Trump once thought of appointing Warsh in 2017 but pulled back on doubts he would be compliant. Since then Warsh has become more MAGA.US producer prices rose +3.0% in December from the same month a year ago, defying expectations they would fall to +2.7%. Core data was up +3.3%, the fastest rise since July.Meanwhile in Chicago, the region's PMI made a spectacular recovery, one quite unexpected. New orders rose in this survey, employment surged. It is in complete contrast to the prior 25 consecutive months of decline. (However it will be worth waiting a month to know if this isn't just a rogue survey, one they have every two years or so. The last such unusual surge in November 2023 wasn't sustained.)In Europe, Eurozone economic activity rose +1.5% in 2025, up +1.6% in the wider EU, up from +0.9% in 2024 and better than the European Commission's projection of +1.3%. Resilient household consumption, lower borrowing costs and easing inflation, and a surge in exports to the US, all contributed to the better result. Germany and Italy were laggards, France about average, and Spain expanded at double the overall average.The UST 10yr yield is now just on 4.24%, unchanged from this time Saturday, down -2 bps for the weekThe price of gold will start today little-changed from Saturday at US$4888/oz when the big crash happened. Silver is down to US$US$84.50/oz.American oil prices are up +50 USc at just over US$65/bbl, while the international Brent price is now just under US$69/bbl. From a week ago these prices are up +US$3.50/bbl.The Kiwi dollar is down -10 bps against the USD from Saturday, now at 60.3 USc. That is a weekly appreciation of +100 bps. From the start of the month it is up +300 bps. Against the Aussie we are unchanged at 86.5 AUc. Against the euro we are also unchanged at just over 50.8 euro cents. That all means our TWI-5 starts today just on 63.9, and down -10 bps from Saturday, up +80 bps for the week, up +200 bps for the month, almost all because the USD devaluation in global markets.The bitcoin price starts today at US$77,404 and down a very sharp -6.8% from this time Saturday. That makes it down -18% for the week. Volatility over the past 24 hours has been modest however at just on +/- 0.8% with all the fall coming Saturday.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston and we'll do this again tomorrow.

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Kia ora, Welcome to Thursday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand. I'm David Chaston and this is the international edition from Interest.co.nz. Today we lead with news markets now expect an Australian rate rise next week. But first today, the US Fed held its policy rate unchanged at 3.5%. This is what markets expected from them, despite the Trump pressure to cut sharply. The vote was 10-2 with the dissenters working to curry favour with Trump to get the nod as the next Fed chairman. The FOMC indicated that rates at this level could hold for some time while household inflation stress remains elevated. Inflation with no growth (other than AI) is a hard position to extract yourself from. They also have their eye on the labour market, with some large layoff announcements in the past few days. Both UPS (-30,000) and Amazon (-16,000) have announced big cuts, less about seasonal changes, more about 'efficiency'. They aren't the only ones pulling back. American mortgage applications fell last week as mortgage interest rates rose. Refinance activity fell more than -16%, while new home purchase mortgages were little-changed. This may not be a trend change, rather just a breather, because the prior three weeks rose notably. However, this metric is in a clear yoyo pattern. Canada's central bank also held its policy rate at 2.25% in its overnight decision. New bully threats from the US are keeping their growth outlook quite uncertain but they still see inflation holding at about 2% (currently 2.4%), and they still see an economic expansion at about +1.5%. India's industrial production accelerated in December, up +7.9% from the same month a year ago to end its full year up +4.1% from 2024. Factory production was up +8.1%, with the weak sector being mining. The December expansion was its sharpest since October 2023. In Australia, inflation was reported rising 3.8%, far above the November 3.4% and also above the expected 3.6% level. After the strong December labour market data released earlier in the month, this will put heavy pressure on the RBA to act to prevent inflation impulses and inflation expectations from requiring even tougher medicine in the future. Growth hotspots Brisbane and Perth both reported even higher inflation rates. Even Sydney reported 3.7% December inflation. The RBNZ will be looking at this evolving situation with some alarm, given that we too have above-target inflation, even without the growth pressures. Separately, the Chinese ambassador to Australia has said that Beijing will step in if Australian moves to regain control of the Darwin port that was leased to Chinese interests in 2015 on a 99-year lease basis. He said China “has the obligation to take measures” to protect their rights over the port. That may include trade retaliation, and more Chinese navy circumnavigations including live-fire exercises in the Tasman. The UST 10yr yield is now just on 4.26%, up +3 bps from this time yesterday. The price of gold will start today at US$5289/oz, up a sharp +US$202 from yesterday and a new record high. Silver is up +US$7 to US$114/oz, also a record. Platinum has recovered and now at US$2645, but not back to Monday's spectacular record. We should also note that the aluminium price has risen sharply overnight - again. It is now back approaching its pandemic-frenzy levels. American oil prices are up another +US$1 at just under US$63/bbl, while the international Brent price is also higher, now just under US$68/bbl. These are four month highs. The Kiwi dollar is up +10 bps from yesterday, now at 60.3 USc. Against the Aussie we are down -10 bps at 86.2 AUc. Against the euro we are up +30 bps at just on 50.5 euro cents. That all means our TWI-5 starts today just under 63.8, and up +10 bps from yesterday, its highest since late September. The bitcoin price starts today at US$89,425 and up +0.9% from this time yesterday. Volatility over the past 24 hours has again been low at just under +/- 0.9%. You can get more news affecting the economy in New Zealand from interest.co.nz. Kia ora. I'm David Chaston and we'll do this again tomorrow.

Kia ora,Welcome to Wednesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.Today we lead with news the US dollar fell for a fourth consecutive session today, sliding to its lowest level since February 2022. It's a -3.5% devaluation in just one week. Some think the US Administration is engineering the fall to bolster its export competitiveness as the US factory sector misfires, tariffs aren't working other than raising costs, and to put pressure on the Fed ahead of its meeting next week.First up today however there was another dairy Pulse auction earlier this morning and that brought some interesting signals. The WMP price came in almost identical to last week's full auction and has been holding at this higher level since the start of 2026 when it made that 7%-plus jump. The SMP price rose a strong +5.9% today from last week, and is now +9% higher than what is was at the end of 2025.. Positive signs, but somewhat undermined by the fast-falling USD.In the US, the weekly ADP employment update recorded a weekly gain of under +8000, continuing the slow easing that they have been recording since the end of November. January non-farm payrolls which will be released at the end of next week, is currently expected to show a very tame +40,000 jobs gain which will continue the weak run that started in May 2025.And that may be optimistic, The Conference Board's consumer sentiment survey for January reported that confidence collapsed to lowest point since 2014, to levels even lower than the pandemic depths. It is now back to levels as it rose from the GFC.But the latest factory survey, this one by the Richmond Fed in the mid-Atlantic states, showed little-change from its already negative levels. New order levels rose marginally however, but because that is on a dollar basis it might just be because the same survey shows high price increase activity, required by even higher cost increase levels.More positive was the January Dallas Fed services survey, which moved up into positive territory in January after four months of consecutive retreat.Today's US Treasury 5yr Note auction brought the same median yield rise from the prior equivalent event a month ago. Higher risk premiums are getting embeddedIn China, industrial profits rose +5.3% in December from the same month a year ago. They will be pleased with that because for the whole of calendar 2025 they were up merely +0.6% (and would have declined but for the December rise).In India, we can confirm the signing of their big trade deal with the EU, removing both tariff and non-tariff barriers.. The US isn't happy.In Europe, we should note that Swedish officials are looking at what it would take to ditch the krona in favour of the euro. An independent review has already pointed out that the benefits would greatly outweigh the costs. The Swedes last voted on this issue in 2003.In Australia, business sentiment as measured by the NAB survey, was stable and mildly positive in December. Business conditions however improved more strongly on better sales and margins.Later today, Australia will publish its December CPI result, and after the strong labour market for January, will be closely followed and could very well move financial markets. They had 3.4% inflation in November and this December result is expected to be 3.6%. This will be very influential on the RBA's deliberations at next Tuesday's cash rate target review.The UST 10yr yield is now just on 4.23%, up +2 bps from this time yesterday.The price of gold will start today at US$5087/oz, unchanged from yesterday and holding at its record high. Silver is down to US$107/oz. Platinum has fallen more sharply and now at US$2522, down -US$335/oz from yesterday.American oil prices are up +US$1 at just under US$62/bbl, while the international Brent price is softish, now just under US$67/bbl and up a bit more. This is all USD devaluation-driven.The Kiwi dollar is up +50 bps from yesterday, now at 60.2 USc as the greenback goes into another devaluation stage. Against the Aussie we are down -10 bps at 86.3 AUc. Against the euro we are also down -20 bps at just on 50.2 euro cents. That all means our TWI-5 starts today just under 63.7, and up +20 bps from yesterday, its highest since late September.The bitcoin price starts today at US$88,576 and up +1.0% from this time yesterday. Volatility over the past 24 hours has been low at just under +/- 0.9%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston and we'll do this again tomorrow.

Kia ora,Welcome to Tuesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.Today we lead with news repricing for American risk is underway, evidenced by rising UST yields, a falling US dollar, and commodity price spikes.First up today, American durable goods orders rose in November by more than expected to be +10.5% higher than year ago levels, a gain that has impressed markets, and came as a complete surprise. Non-defense capital goods orders, excluding aircraft, were up +4.3%, also a good gain.But there are a number of factors we should take into account when assessing this data. It is 'nominal' and not inflation adjusted and tariff-taxes will be a part of the increase. Second, we looked back at the ISM and S&P Global factory PMIs for November and they did not pick up this type of gain. The ISM one actually reported contraction, the S&P Global and unchanged expansion. And then there is the 'new management' at the US data agency that releases this data. All three factors mean we should wait a bit to see if this is an outlier result. Risks abound.Meanwhile, the Chicago Fed's National Activity Index came in below trend in November, although not as negative as it was in October. This is the ninth below-trend reading in the past twelve months.It was a similar story for the Dallas Fed factory survey, which also recorded a pullback, for January, although not as steeply as it did in December. Output and new orders rose, but the overall index was held back by a sharp jump in prices paid for inputs. Only about half that was recovered by prices received even though that rose sharply too.There was a US Treasury bond auction today and while it was well supported, it did bring a notable rise in the yield achieved. The 2 year bond delivered a yield of 3.55% at todays event, up from 3.45% at the prior equivalent event a month ago. This is the largest shift in yields we have observed at these events in more than a year. The US's ballooning deficit can't really afford rising interest rates, but then again it couldn't afford the tax cuts for the rich either.Singapore's industrial production dipped rather sharply in December to end up +8.3% from the same month a year ago. But the December pullback was less than observers had expected.In addition to Auckland, and Australia, Monday was also a public holiday in India, Republic day. And the two top EU officials were in New Delhi to seal a key trade deal between the two economic powers. In fact, it has been called "the mother of all deals" and is set to be signed later today. Both sides are making major concessions to get it done and it is likely to boost trade in a globally significant way. The EU will get major access to India's car market. India will get the EU's preferential tariff MFN treatment.The UST 10yr yield is now just on 4.21%, down -3 bps from this time yesterday.The price of gold will start today at US$5087/oz, up +US$104 from yesterday and a new record again. Silver is up proportionately more, up +US$12/oz at US$115/oz and also a record high. Platinum has risen to US$2857/oz, up +US$116/oz.Tin prices are up +9.5% today, and copper is up +1.5%. Both build on recent surges to record highs. A falling greenback accentuates these rises, but all commodities are still priced in USD.American oil prices are holding at yesterday's at just under US$61/bbl, while the international Brent price is firmish, now just under US$65.50/bbl and down -50 USc.The Kiwi dollar is up +30 bps from yesterday, now at 59.7 USc. Against the Aussie we are up +10 bps at 86.4 AUc. Against the euro we are also up +10 bps at just on 50.4 euro cents. That all means our TWI-5 starts today just under 63.5, and up +40 bps from yesterday, its highest since late September.The bitcoin price starts today at US$87,677 and down just -0.3% from this time yesterday. Volatility over the past 24 hours has been modest at just under +/- 1.4%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston and we'll do this again tomorrow.

Kia ora,Welcome to Monday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.Today we lead with news we need to keep an eye on the 'Sell America' trade, which until now has been more headlines that substance and mainly about China's divestment in US Treasuries. But the Greenland kerfuffle has triggered a serious rethink by many pension fund managers, and more are taking this action.But first, the week ahead will be a relatively quiet one locally on the data front, but we will get a big range of December banking sector data, allowing us to cap the 2025 year on a number of important metrics. In Australia, the key event will be Wednesday's CPI data where it is expected to rise to 3.6%, the final indicator before next week's RBA rate review.Globally, all eyes will be on the gold price and its expected push up through US$5000/oz which could come early in the week.And in the US, all eyes will be on the Fed and its January 29 meeting, amid increasingly contrasting takes by voting members on the appropriate rate path. But most things related to public policy are in turmoil in the US, and the Fed's position is just part of that. We will be watching for bond market reactions.Elsewhere, official interest rate decisions are expected in Canada, Brazil, and Sweden, and the Bank of Japan will publish meeting minutes.An don't forget it is a holiday today in the north of the North Island (Auckland Anniversary Day), and in Australia (Australia Day),In the first news up today, China released its December FDI data overnight and it was negative again. For all of 2025 foreign direct investment fell -9.5%, following a sharp -24.7% fall in 2024 and that makes it the third consecutive year of contraction. December alone recorded a good pickup from November but even with that it was -7% lower than the December 2024 month. But at least it didn't shrink as it did in November from October.China also release minimum wage rate data that showed 27 of the country's 31 provincial jurisdictions have increased monthly minimum wages over the past year, with half introducing double-digit rises.In an interview with state media Xinhua, the Chinese central bank governor indicated that cuts to their interest rates and reserve ratio requirements are on the cards in 2026.Taiwan said industrial production surged more than +21% in December from the same month a year ago, the strongest growth since May. For all of 2025 it was up +16.7%, so the latest activity is an acceleration. But their local retail sector is not showing the same exuberance, up just +0.9% in December from a year ago but down -0.2% for all of 2025. Consumers there are prioritising saving over spending, just like in the country to their west.Japanese inflation eased to 2.1% in December from 2.9% in November, the lowest since March 2022. Food inflation fell to a 13-month low of +5.1%, driven by the slowest rise in rice prices in 16 months.The Japanese January 'flash' PMIs were quite positive with private sector output expanding at their quickest rate for nearly a year-and-a-half to start 2026.The Japanese central bank reviewed its monetary policy and no change was made, held at 0.75% - because an election is imminent. But now inflation concerns seem to be easing too. But markets are on alert for official intervention to support the yen.In India, their 'flash' January PMIs rose across both sectors, maintaining the very high rates of economic expansion there.We are starting to get the early January PMI reports for many key economies. The US factory version was little-changed in a modest expansion and it was the same for their services sector. But both recorded slightly better new order flows. Both noted cost pressures from their tariff-taxes. But as you will note from below this expansion lags most of the other large global economies.The Conference Board's leading economic indicator tracking for the US isn't positive reading, with the latest update reporting further declines.In Canada, their retail sector reported good gains in November, up +3.1% from a year ago, but these may not have extended into December, according to their overnight update.In the EU, output continues to rise in January and business confidence strengthened. That raised their factory PMIs to expansion, but their services PMI's hesitated.In Australia this week, they posted stronger than expected labour market data. That has sharply changed financial market pricing. And in turn there has been a rush by banks, both a major (NAB) and some challengers, to hike their fixed home loan rates today. They get their December CPI result next week and it is widely expected to challenge the upper end of their policy tolerance. If it does, suddenly Australian floating mortgage rates are at risk of a rise on February 3, 2026. If they do hike then, the Aussie policy rate will be 3.85% (3.60% +25 bps). And that will put it 160 bps higher than the RBNZ current 2.25%. It has been 14 years since this difference was that large.In Australia, private sector output expanded at its fastest pace in five months in December according to the S&P Global 'flash' PMI report. Both the factory and services sector expansions picked up, the services sector more than the factory sector however. Faster new order growth, including for exports, was a noted feature.And we should probably note that China received its first shipment of iron ore from their giant African mine at Simandou, Guinea. This likely marks a shift in China's iron ore import focus, likely to Australia's detriment.The UST 10yr yield is now just on 4.24%, down -2 bps from this time Saturday. And here is something to keep an eye on, Europe's largest pension fund cut its holdings of US Treasury debt sharply in 2025, a trend that seems to be gathering steam, the 'sell America' trade, one started by Norway's sovereign wealth fund late last year.The price of gold will start today at US$4983/oz, up a minor +US$1 from Saturday bit still a new record again. US$5000 could come quickly now. Silver is up +US$2/oz at US$103/oz and also a record high. Platinum ihas eased marginally to US$2741/oz.American oil prices are holding at Saturday's at just on US$61/bbl, while the international Brent price is firmish, now just under US$66/bbl.The Kiwi dollar is little-changed from Saturday, still at about 59.4 USc. That makes it almost a -2c loss for the greenback for the week. Against the Aussie we are up +10 bps at 86.3 AUc. Against the euro we are down -10 bps at just on 50.3 euro cents. That all means our TWI-5 starts today just under 63.1, and up +10 bps from Saturday, its highest since late September, and up +150 bps for the week.And we should probably note that the official Chinese yuan setting by the Peoples Bank of China slipped below 7 to the US dollar in Saturday's fixing, the first time it has done that since May 2023. Although to be fair, most currencies are rising against the USD, ours included.The bitcoin price starts today at US$87,968 and down -2.0% from this time Saturday. Volatility over the past 24 hours has been modest at just under +/- 1.0%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston and we'll do this again tomorrow.

Tuesday 5pm Hour: On the DeRush-Hour, Jason goes "In Depth" with Dr. Tyler Schipper from UST's economics department - why did the markets tank today, and what does it mean going forward? Then - have you participated in the 2016 trend on social media? And why are those crazy Germans requiring home owners to do some "house burping"?! (Photo by Thomas Lohnes/Getty Images)

Piper speaks with the CEO of Wellington International, Murray Kessler, about the upcoming winter season in Wellington, Florida. Brought to you by Taylor, Harris Insurance Services.Host: Piper Klemm, publisher of The Plaid HorseGuest: Murray S. Kessler is a lifelong equestrian and accomplished American business executive with decades of leadership across global sport and industry. He has served as President of the United States Equestrian Federation & North American Riders Group and CEO of multiple Fortune 500 companies, including Perrigo, Lorillard, and UST. He continues to influence equestrian sport and corporate governance worldwide.Subscribe To: The Plaid Horse MagazineTitle Sponsor: Taylor, Harris Insurance ServicesSponsors: Purina, Great American Insurance Group, and Windstar Cruises Join us at an upcoming Plaidcast in Person live event!

FOLLOW UP: JLR SILENCE BRIEFLY BROKEN10 days after the story first came to light that Gerry McGovern, the design chief of JLR, had unceremoniously left the company, they state that isn't the case and nothing else. No further details, no explanation, nothing. Instead of clearing things up, this has only caused more confusion. Click this Autoevolution article link here to read more. FOLLOW UP: CRIT'AIR STICKERS STILL NEEDED IN FRANCEDue to the chaotic nature of French politics, currently, the proposed legislation that would have removed clean air zones from the country's cities has not been passed into law. Therefore, we are warning all that intend to visit the country in the next few months to make sure they have the appropriate stickers and paperwork. If you wish to read more, click this link from The Connexion. FORD SIGNS DEAL WITH RENAULT Ford has signed a deal with Renault that will mean the Blue Oval will be gaining the small electric car platform from the French firm. This will allow them to create more affordable EVs following how badly their larger electric SUVs are doing in the marketplace. Click this Autocar article link here to read more. BMW GETS A NEW CEOBMW has announced that they have chosen their production expert, Milan Nedeljković, to take over departing Oliver Zipse's role as CEO. The change will officially take place on 14 May 2026. If you wish to learn more, click this Autocar article link here. MERCEDES-AMG GETS A NEW CEO Mercedes-AMG has announced Stefan Weckbach will be taking over the role of CEO after leaving Porsche, where he headed up the Taycan product line. To read further about this, click this Autocar link here. ITALDESIGN SOLD TO A LITTLE KNOWN US FIRMAudi has sold their stake in ItalDesign to a US firm that most will not have heard of, named UST. It is difficult to understand, via their website, exactly what it is they do too. Lamborghini retains their shares. Click this Carscoops article link here, to read more about this story. EU MOVES ON 2035 ICE BAN REQUIREMENTSFollowing hard lobbying from both nations and the automotive industry the EU is proposing some tweaks to the legislation regarding 2035 ICE bans. To read the first rumblings of this matter, click here for an electrive article link. To find out the apparent shift in the EU's position, click this Autocar link here. RENAULT HITS THE BRAKES ON MOBILIZE PROJECTSRenault has halted most projects that are part of the Mobilize division, with the rest being reduced in scope and size. For more on this,

Dr. Adnan Masood, Microsoft Regional Director and Chief AI Architect at UST, joins Megan Lynch as more people are utilizing AI for holiday shopping.

This week on the Club Junkie Podcast, we dive deep into UST Mamiya's brand-new Lin-Q PowerCore shafts with two special guests: Danny Le and Andy Kerr from UST. We break down everything you need to know about the new technology, performance benefits, design inspiration, and how PowerCore changes the feel and stability of the Lin-Q lineup. Whether you're a gear nut, a shaft junkie, or just curious how the next generation of UST shafts could fit your game, this episode has everything—tech talk, fitting insights, and real-world performance notes. If you love golf equipment deep dives, this one's packed with info!

Hai Tetangga Kesayangan!Di episode kali ini, kita ngobrol bareng UST. Handy Bonny tentang hal-hal yang sering kita rasain… tapi jarang kita obrolin serius: iman, cinta, rezeki, dan cara bersikap dalam hidup.Dalam percakapan ini, Ust. Handy Bonny berbagi sudut pandang yang dalam tapi membumi, mulai dari makna mencintai karena Allah, pentingnya menghormati orang yang bekerja dengan kita, sampai bagaimana sikap kita bisa memengaruhi ketenangan hati dan kelancaran hidup.Banyak hal yang kelihatan “biasa”, tapi ternyata punya doa dan nilai besar di baliknya. Tentang bersyukur, tentang adil dalam hal kecil, tentang memaknai nikmat bukan dari jumlahnya… tapi dari siapa yang memberikan.Buat kamu yang lagi capek, lagi nyari makna, atau lagi pengen beresin hati dan hidup pelan-pelan, episode ini bisa jadi temen refleksi yang hangat!

Amir Haramaty, Co-Founder and President of aiOla, joins SlatorPod to talk about how spoken, multilingual data can transform enterprise workflows and unlock real ROI.The Co-Founder introduces himself not as a serial entrepreneur but as a serial problem solver, focused on one core challenge: most enterprise data remains uncaptured, unstructured, and unused.Amir emphasizes that traditional speech tech fails in real-world conditions, where accents, noise, and hyper-specific jargon dominate. He illustrates how he tackles this challenge by building workflow-specific language models that extract only the data relevant to a process.Amir says aiOla converts speech not into text but into structured, schema-ready data, allowing organizations to automate workflows, improve compliance, and identify trends long before humans can. He explains that the company focuses on narrow processes rather than general conversation, enabling precision in niche environments.Amir shares how aiOla routinely cuts multi-hour procedures down to minutes, drives efficiency across frontline roles, and creates previously unavailable datasets that feed enterprise intelligence. He highlights ROI examples from supermarkets, airlines, manufacturing, and automotive industries.Amir explains that after proving aiOla's value, he realized the fastest way to scale was through firms already embedded in enterprise digital transformation. He notes that aiOla now partners with UST, Accenture, Salesforce, and Nvidia, creating a distribution engine capable of replicating wins across thousands of clients. He calls this channel strategy a force multiplier that shortens sales cycles and embeds aiOla inside broader modernization initiatives. Amir adds that these partners not only bring scale but also domain expertise aiOla deliberately chose not to build in-house. Amir outlines future priorities, including product-led growth, speech-based coding, and speech-prompted AI agents. He predicts that agentic systems will rely heavily on high-quality spoken data, making aiOla's role even more central.

This episode examines the results from the 2025 Ultra-Short Throw (UST) Projector Showdown with event organizer, Brian Gluck of ProjectorScreen.com and emcee, Phil Jones of ProjectorReviews.com. The UST Projector Showdown allowed 6 judges to rate 9 UST projectors side-by-side with identical 100-inch screens, which underwent testing 15 different categories.  The models in the competition included the:• Epson QS100 3-Chip Laser-Lit LCD Projector – 4,500 Lumens ($4,999)• Formovie Theater Premium Triple Laser DLP Projector – 2,200 Lumens ($2,799)• Hisense L9Q Triple Laser DLP Projector – 5,000 Lumens ($5,999)• Hisense PT1 Triple Laser DLP Projector – 2,500 Lumens ($2,999)• Hisense PX3 Pro Triple Laser DLP Projector – 3,000 Lumens ($3,499)• JMGO O2S Ultra Triple Laser DLP Projector – 3,600 Lumens ($2,999)• Nexigo Aurora Pro MKII Hybrid Triple Laser/LED DLP Projector – 2,400 Lumens ($3,499)*• XGIMI Aura 2 GTV Hybrid Laser/LED DLP Projector – 2,200 Lumens ($2,699)The 2025 UST Projector Showdown was held November 8, 2025 at ProjectorScreen.com's headquarters in New Jersey, which crowed winners across four categories:1. Best for Mixed use in Bright and Dark Rooms2. Best for Home Theater3. Best Value4. Best Overall Picture PerformanceFind out who won and how it all went down.Panel:• Brian Mitchell, Founder, eCoustics• Chris Boylan, Editor-at-Large, eCoustics• Brian Gluck, Owner, ProjectorScreen.com• Phil Jones, Owner, ProjectorReviews.comRelated links:https://www.ecoustics.com/news/best-ust-projectors-2025-showdown/https://www.projectorscreen.com/blogs/insights/the-2025-ust-projector-showdown-resultshttps://www.projectorreviews.com/2025-ultra-short-throw-projector-showdown-recap/Credits:Original intro music by The Arc of All. https://sourceoflightandpower.bandcamp.comVoice Over Provided by Todd Harrell of SSP Unlimited. https://sspunlimited.comProduction by Mitch Anderson, Black Circle Studios. https://blackcircleradio.comKeep up-to-date with all the latest Hi-Fi, Headphone, Home Theater and Music news by visiting: https://www.ecoustics.com#USTProjector #USTshowdown #miniprojector #ecoustics #projectorscreens #projectorshootout #hometheater #hdr #uhd #4k #8k #tvtech #2025bestoftech #2025tv

On this week's show we find you the best Black Friday deals for your home theater, well at least at the time of recording. We also read your emails and take a look at the week's news. News: YouTube TV and Disney reach agreement to restore channels Disney+ and Hulu near 200 million combined subscribers New Study Finds 38% Of Respondents View TV With Speaker Sound Off Content Discovery Still a Challenge for Streamers Other: ONKYO - Adding Internet Radio Stations Bright Side Home Theater MOVEMBER MEGA RAFFLE 2025 Movember Raffle — Bright Side Home Theater Black Friday 2025 Each year we go through the Black Friday ads from various stores and list items. It's a long list and can be tedious to listen to. So this year we decided to search out what we thought were the best deals on various items for your Home Theater and Smart Home. This year many retailers are not releasing their sales until the last minute and since we are recording one week before Black Friday our list may be missing a few items that pop up later. But here is our early list of things we think you will be interested in: The standout deal for the largest screen size at the lowest price is the 98-inch TCL Q Series 4K QLED Google TV at Walmart for $998 (down from $1,798, saving $800). This is a 2025 model with premium features like 144Hz refresh rate, Dolby Vision HDR, Dolby Atmos audio, and Google TV smart platform—making it ideal for movies, gaming, and streaming without breaking the bank under $1,000. Hisense has a slightly more expensive model that hits that magic 100" mark.  The 100-inch Hisense QLEDs (priced between $1,000–$1,200) delivers the biggest diagonal size for the cheapest absolute dollar amount right now. Deals can fluctuate or sell out quickly, so check often and lock in your price. The Best soundbar deal with dolby ATMOS we have seen so far is the Samsung HW-Q990D 11.1.4-Channel Soundbar System at $1,000 (save $1,000 off $2,000 MSRP) at Best Buy. It's praised as the "best Dolby Atmos soundbar system" for its massive scale, precise 3D sound, and gaming features (4K/120Hz HDMI). At 50% off, it outperforms pricier competitors in value and power (656W total). If you want something more compact, the JBL Bar 1300X ($1200) edges it for portability. The Govee Holiday sale starts November 20th at Amazon. We don't know what the savings will be but Ara owns some Govee light strips and is very pleased with them. They support Matter and can be installed permanently outdoors.  The best deal on a Samsung high end TV is the Samsung S95F OLED for 2025, known for being bright, vivid colors, deep blacks, and excellent motion handling, this TV is ideal for bright rooms or mixed use. It includes the NQ4 AI Gen2 processor for 4K upscaling, four HDMI 2.1 ports, and Tizen OS with free channels and cloud gaming.  Current Black Friday deal: 65" for  $2,298 at Amazon (save $700 from $2,998)—matches the all-time low. There are 77 and 83 inch models for $3500 and $5000 respectively. The Best Deal on high end wireless speakers the Kef LS50 Wireless II ($2000) is more than a high-performance loudspeaker; it's the perfect all-in-one speaker system, streaming from any source thanks to wireless compatibility with AirPlay 2, Google Cast and more, plus wired connections for your TV, games console and turntable. Great sound, no strings attached. If you are looking for a gift for the Home Theater enthusiast in your life, and that may mean you buy it for yourself. Check out The Home Theater Store. They are running a black friday sale on seating, decor, and accessories. Some examples include popcorn machines starting at $40 and going all the way up to $2000. With savings up to $600. They also have sound panels normally priced at $750 on sale for $500.  The Best deal on the Ring Battery Doorbell is $50 at Amazon. And as long as we are here. THis deal is crazy! Two Blink Mini 2 Home Security & Pet Cameras with HD video, color night view, motion detection, two-way audio, and built-in spotlight for $28! The best overall deal on an OLED TV is the LG 77" C5 Series OLED evo AI 4K UHD Smart webOS TV (2025 model) at $1,999.99 at Bestbuy (down from $3,699.99—a $1,700 savings, or 46% off). The LG OLED evo C5 is powered by the next-gen Alpha 9 Gen8 AI Processor —exclusively made for LG OLED—for ultra-realistic picture and sound along with boosted brightness for luminosity and high contrast, even in well-lit rooms. Dolby Vision for extraordinary color, contrast and brightness, plus Dolby Atmos for immersive sound you can feel all around you. FILMMAKER MODE allows you to see films just as the director intended. Packed with gaming features, the LG OLED evo C-Series comes with everything you need to win like a 0.1ms response time, native 120Hz refresh rate, with VRR for PC gaming and four HDMI 2.1 inputs. AWOL Vision LTV-3000 Pro 4K Laser Projector, (I found a better deal at Amazon after we recorded. $2300!!) has a compact ultra-short-throw (UST) model that transforms any wall or table into a massive, vibrant cinema screen without the bulk of a traditional TV setup. Unlike standard projectors that require dark rooms and precise mounting, this one projects up to 150 inches from just inches away, with built-in speakers delivering Dolby Audio and a sleek, furniture-like design that blends into your space. Priced at $2,999 (down from $3,999—a $1,000 savings with discount code obtained at the AWOL site) A killer deal on an AVR is the Denon AVR-X2700H for $680. At this price it would have made our list of best AV receivers for enthusiasts. It has 95W per channel, Dolby Atmos and DTS:X audio formats for up to 5.1.2 setups, Audyssey room calibration. It features 8K/60Hz and 4K/120Hz video passthrough with Dolby Vision and HDR10+ HDR, and HDMI 2.1 connectivity, Bluetooth, Wi-Fi, and voice control via Alexa, Google Assistant, and Siri.  The best deal on a no-frills subwoofer that packs a punch is the Klipsch Reference R-121SW ($350 at Walmart regular price $650). 400W peak power, 29-120Hz response, front-firing port for room-filling punch; ideal for movies/gaming. Compact at 16"H x 14"W. Known for it's "chest-thumping" bass without the boominess. Perfect starter upgrade for under $350. The craziest 50-Inch TV Deal we have seen is the Insignia 50" Class F50 Series LED 4K UHD Smart Fire TV at $169.99 at Best Buy. Is this a great TV? No but it's shockingly good value with Alexa voice control, built-in Fire TV streaming, and DTS Virtual:X audio for immersive sound without extra speakers. Picture quality is decent for bright rooms. Home Depot has great deals on Nest Thermostats. Some deals are active now and others on Black Friday. We are reading that Home Depot will have the Google Nest Learning Thermostat (4th Gen) available for $199. It's regularly priced at $279. Check out their site for more BLACK FRIDAY DEALS FROM GOOGLE SMART HOME.

APAC stocks were higher as the region took impetus from the rebound on Wall St, where all major indices gained amid dip buying.European equity futures indicate an uneventful cash market open with Euro Stoxx 50 futures relatively flat after the cash market closed with gains of 0.2% on Wednesday.DXY traded rangebound after having recently snapped a 5-day rally, despite firmer-than-expected ADP and ISM Services data, while catalysts were quiet overnight10yr UST futures saw some slight reprieve after slumping yesterday; Bund futures languished near the prior day's lows.US President Trump is scheduled to make an announcement at 11:00EST/16:00GMT on Thursday.Looking ahead, highlights include German Industrial Production, EZ Retail Sales, Canadian Leading Index, US Chicago Fed Labour Market Indicators, US Challenger Layoffs, BoE, Banxico & Norges Bank Policy Announcements, Speakers including Fed's Williams, Barr, Hammack, Waller, Paulson & Musalem, ECB's Lane, Nagel, Schnabel & de Guindos, BoE's Bailey, BoC's Macklem, Rogers & Kozicki, Supply from Spain & FranceEarnings from Continental, Commerzbank, AstraZeneca, Sainsbury's, Airbnb, ConocoPhillips & Warner Bros.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

In this episode we chat with Bec from the UK who has recently achieved her dream of becoming a mortician to help families of the deceased. And with her sights firmly set on becoming an embalmer, Bec has some fantastic insights on the challenges and triumphs of working in the mortuary, and some helpful advice for anyone who may be keen to get into this type of role.In you're interested in knowing more on what it's like to actually work with the deceased, check out our YouTube channel where we publish two videos a week on what goes on behind the mortuary doors.Thanks for joining usT&T xxWatch us:YouTube: (48) Are you dying to know? - YouTubeContact us:insta: @are_you_dying_to_knowemail: areyoudyingtoknow@gmail.comWARNING:This video contains graphic material that may disturb some viewers. It is not suitable for children. Viewer discretion is advised.The views, thoughts, explanations and opinions expressed in this video belong solely to the presenters Tracy & Trish and not necessarily to their employers, organisation, or other groups or individuals.

- UST opens new arena - Gophers Bulldogs - Elite league wraps up - Blaine scrimmage fest - Big Pumpkin 

On "The Lead" - what effect is the government shutdown having on economic data? Jason talks with UST economist Dr. Tyler Schipper. Then on "Page 2" - want to own a St. Paul skyscraper?

White Claw Zero, UST WHockey on a tear, Caribou Coffee Fall Items, Lynx Season cut short, UNRL, Vikings vs. Steelers recap, MLB Playoff Update, UST & Fox9+ schedule, Gopher football Rutgers Recap, Gopher FB @ Ohio State Preview, Vikings vs. Browns Preview, CFB Week 6 Bets, Kirill extended, NFL Week 5 bets & more!!!

5pm Hour: On The DeRush-Hour Headlines - was today's rate cut by the Fed enough? Jason talks with Dr. Tyler Schipper from UST. Then, what's grinding your gears this week? Jason and listeners share what they've had ENOUGH of!

On "The Lead" - was today's quarter-point rate cut by the Fed enough? Jason talks with Dr. Tyler Schipper from UST. On "Page 2" - Brian Setzer is selling some guitars. (Photo by Rick Diamond/Getty Images)

Without a doubt, the introduction of stablecoins has vastly increased overall crypto liquidity, adoption and real-world use cases as they offered a safe haven against the industry's volatility, especially during bearmarkets. However, despite being extremely efficient, the main stablecoin actors (i.e. Circle & Tether) are centralised entities. Many attempts have been made to create a reliable decentralised stablecoin, but regulations and the resounding collapse of Terra's UST have only pushed towards more established, yet centralised, variants.f(x) is a new generation CDP (collateralised debt position) protocol that offers on-chain perpetual trading for BTC & ETH with near-0 funding rates and a novel liquidation mechanism which protects users against hard liquidations. The leverage component is powered by emitting fxUSD, the protocol's decentralised stablecoin, which boasts robust peg-keeping mechanisms, the main one being fxSAVE's stability pool. The fxSAVE strategy bestows nearly 10% APY to the yield-bearing fxUSD-USDC pair.Topics covered in this episode:Cyrille's backgroundAladdinDAODecentralised stablecoinsf(x) perps and sharing liquidation risksThe efficiency of progressive liquidationsRemoving funding ratesfxSAVE's stability pool yieldsfxUSD's organic adoptionThe importance of decentralised stablecoinsWinning in the perp arenaOpportunities in the stablecoin adoption raceEpisode links:Cyrille Brière on Xf(x) Protocol on XAladdinDAO on XSponsors:Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - ⁠gnosis.io⁠This episode is hosted by Sebastien Couture.