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Speaker 1: Welcome to the update. I'm John Michael. Trade tensions between

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Speaker 1: China and America have escalated even further. Just days after

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Speaker 1: US President Donald Trump imposed a one hundred and forty

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Speaker 1: five percent tarify on Chinese imports, China has hit back,

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Speaker 1: raising tariffs on US goods to one hundred and twenty

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Speaker 1: five percent. Officials in Beijing say they'll also reduce the

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Speaker 1: number of Hollywood films they're screening across the country. The

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Speaker 1: Reserve Bank governor has poured cold water on talk of

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Speaker 1: a double interest rate cut after the May three election.

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Speaker 1: Bart Michelle Bullock says she is hopeful of a rate

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Speaker 1: cut soon.

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Speaker 2: We're mindful of not adding to the uncertainty, and to

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Speaker 2: that end, it's too early for us to determine what

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Speaker 2: the path of interest rates will be.

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Speaker 1: Federal Treasurer Jim Chalmers also confident of a rate cut

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Speaker 1: sometime this year. It is self evident that the market

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Speaker 1: is expecting multiple interest rate cuts, and that will reflect

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Speaker 1: the whole range of things if it had. Three people

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Speaker 1: have died in a small plane crash in South Florida,

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Speaker 1: the second fatal air incident in America in less than

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Speaker 1: twenty four hours. The aircraft erupted into a fireball when

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Speaker 1: it hit the ground near a major highway. These men

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Speaker 1: say the impact was felt from several streets away.

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Speaker 2: Maybe he was going towards the airport approaching and from

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Speaker 2: there I just saw it dropped below the trees.

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Speaker 1: The building shock, all of a sudden, no Internet, just surreal.

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Speaker 1: And the Vatican has given an update on the Pope

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Speaker 1: after he was released from hospital last month following a

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Speaker 1: battle with pneumonia. They say the Pontiff is in good

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Speaker 1: spirits and is now less reliant on oxygen. Sport and

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Speaker 1: entertainment annexed in sport, Collingwood has made it four wins

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Speaker 1: in a row in the AFL, downing Sydney by thirty

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Speaker 1: one points last night. Magpie's coach Craig McCray, though says

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Speaker 1: the final score wasn't a true reflection of the game.

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Speaker 1: Their last quarter they were comeing like it may not

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Speaker 1: felt like that from watching the game, but we know

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Speaker 1: they were coming and plus eight inside fifties, but A

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Speaker 1: Baxter's kept holding up and switching codes. The Roosters have

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Speaker 1: down the Broncos twenty six to sixteen in the NRL

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Speaker 1: last night, Sydney claiming revenge after a thirty six point

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Speaker 1: lost to Brisbane in round one. In the earlier match,

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Speaker 1: the Dragons had a twenty two point victory over the

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Speaker 1: Titans in Woollongong. And In entertainment news, a relative of

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Speaker 1: Lyle and Eric Menendez has spoken out after decades to

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Speaker 1: call for their release from prison. The brothers were given

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Speaker 1: life sentences after shooting and killing their parents in the

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Speaker 1: eighties and are now waiting to learn whether they'll be

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Speaker 1: re sentenced after claiming they suffered serious abuse. Their aunt

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Speaker 1: Terry telling ABC America, they've served their time.

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Speaker 2: For everybody, this is a story for me. It's very personal.

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Speaker 2: Those kids, they are like the boys that I didn't have.

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Speaker 2: So it's time. Thirty five years, it's a long time.

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Speaker 1: And that's for the Nova podcast news team. We'll have

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Speaker 1: another episode of the Update for you tomorrow. I'm John

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Speaker 1: Michael