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Speaker 1: Heller Duper Seela Chain, Solly Harbor Asset Management is with us.

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Speaker 2: Hey, Shane, Yeah, good, there you go.

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Speaker 1: I'm very well, thank you mate. So we've seen a

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Speaker 1: little bit of a rally, have we in the US

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Speaker 1: share markets? What's going on here?

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Speaker 2: Yeah, Look, on Friday we saw the US share market

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Speaker 2: close up on one percent on the day, so we've

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Speaker 2: seen quite a good rally back to where we were

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Speaker 2: in February. Some upbeat news about jobs in the US

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Speaker 2: narrowly beating expectations, a phone call between mister g mister

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Speaker 2: Trump that saw some centiment improvement, and then we've seen

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Speaker 2: mister Trump pushing the US fit reserved the cut rates again.

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Speaker 2: Sydney markets picking up on that. Over the weekend, we've

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Speaker 2: seen some more discussion about US China trade talks being

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Speaker 2: back on, particularly focusing on rares. Some comments just in

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Speaker 2: the last twenty four hours about from a Trump economic

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Speaker 2: advisor that they're very comfortable with a trade deal closing

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Speaker 2: with China on Monday, So we'll see what happens tomorrow.

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Speaker 2: New zeal on time, New Zealand market didn't really take debate.

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Speaker 2: New Zealand dollar up sort of round sixty point three

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Speaker 2: to seven against the US dollar. He's earned tenure bonds,

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Speaker 2: government bonds pretty flat four point six five, and our

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Speaker 2: shear market down point two percent, So we didn't really

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Speaker 2: follow on.

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Speaker 1: Shane, did you take Paul Conway's comments to mean that

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Speaker 1: there would be some rate cuts coming?

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Speaker 2: Well, the market certainly did, right, mister Conway. He said

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Speaker 2: a couple of interesting things. Firstly, he said the labor

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Speaker 2: market may be softer than the jobless market rates to douce,

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Speaker 2: so there could be about underemployment, people not working the

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Speaker 2: same now as they were. He then went on just

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Speaker 2: underlying inflation continues to ease, so those are sort of

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Speaker 2: tonally talking about maybe they could talk about more cuts.

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Speaker 2: So this is reserve banks speak for maybe we could

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Speaker 2: think about it. He did say we've got a long

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Speaker 2: running productivity problem, so I think that's true, but we

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Speaker 2: definitely need in the near to bit of adjection of

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Speaker 2: some more support. So you know, we did see in

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Speaker 2: this markets take a bit of a bait on that one.

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Speaker 1: Hey, what do you make of your Brisco's replacing the warehouse?

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Speaker 2: Yeah, Friday Night insidys fifty, the S and P indicts

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Speaker 2: fifty benchmark. This is the main benchmark mini qv server

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Speaker 2: funds follow announced that Bresco Group we were replaced the

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Speaker 2: Weehouse Group based on trading volumes and the market capitalization

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Speaker 2: of two businesses. And this will all be pushed through

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Speaker 2: on Thursday the nineteenth, that day before Mattawiki. And it

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Speaker 2: means that many funds that follow that insidacy fifty, the

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Speaker 2: SMP indodacy fifty benchmark, they'll need to buy shares and

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Speaker 2: Brisco and sell shoes and weare are. So today we

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Speaker 2: saw the Briskets cheer price up nine point eight percent

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Speaker 2: five dollars forty and the Warehouse Group cheer price fell

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Speaker 2: three point two percent to ninety one cents, So somebody

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Speaker 2: might have got a bargain. I'm not sure which one.

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Speaker 1: Thanks very much, Shane, I appreciate it. Shane, Sally Harbor

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Speaker 1: Asset Management. For more from hither Duplessy Allen Drive, listen

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