Latest / Early Edition with Ryan Bridge / Donna Demaio: Australia Correspondent on the Bureau of Meteorology renaming the next tropical storm

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Donna Demaio: Australia Correspondent on the Bureau of Meteorology renaming the next tropical storm · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: Right now, we're off to Australia and it's good morning
• 0:02
  Speaker 1: to dine on Tomoryow.
• 0:03
  Speaker 2: Good morning to you.
• 0:04
  Speaker 1: Will the Reserve Bank cut your interest rates today? Oh?
• 0:07
  Speaker 2: Wow? Is Australia about to enter a new economic era?
• 0:10
  Speaker 2: That's the question apparently, So economists are asking ahead of
• 0:14
  Speaker 2: today's Reserve Bank of Australia announcement on interest rates whether
• 0:17
  Speaker 2: this is going to happen? Is it going to cut
• 0:19
  Speaker 2: rates finally? Now, this of course would raise hopes amongst
• 0:22
  Speaker 2: mortgage holders. The official cash rate, how has it been
• 0:26
  Speaker 2: sitting at four point three five percent? That since November
• 0:29
  Speaker 2: twenty twenty three, So it's a long while we've been waiting. Now,
• 0:32
  Speaker 2: as you know, Australia's face a high inflation of late
• 0:36
  Speaker 2: rising living costs, and so the banks are predicting. In fact,
• 0:40
  Speaker 2: A and Z has come out and said there might
• 0:42
  Speaker 2: even be two cuts this year. CBA's got us even
• 0:45
  Speaker 2: more excited. Four cuts. Meanwhile, we've heard from an economics
• 0:49
  Speaker 2: professor and he suggested, well, this anticipated cycle of rate cuts,
• 0:53
  Speaker 2: well that could be interrupted by no other than the
• 0:57
  Speaker 2: Trump administration, because we know that they're still thinking of
• 1:00
  Speaker 2: out their tariffs and trade policies so that could actually
• 1:04
  Speaker 2: influence what happens for the rest of the year.
• 1:06
  Speaker 1: Yes, and there's a little bit of supply chain difficulty
• 1:09
  Speaker 1: with all sorts of stuff. I know, our food price
• 1:11
  Speaker 1: Index came out on Friday. It's gone up again, so
• 1:15
  Speaker 1: inflation hasn't been killed. It's the same for you guys
• 1:18
  Speaker 1: in Australia. By the way, New Zealand actually decides what
• 1:21
  Speaker 1: it's doing with its interest rates tomorrow. The OCA is tomorrow. Now.
• 1:27
  Speaker 1: How the Prime Minister influenced the naming of cyclones.
• 1:31
  Speaker 2: Well, I hope you find this as fascinating asiety because look,
• 1:35
  Speaker 2: in all seriousness though, tropical cyclones Zelia has just dissipated
• 1:38
  Speaker 2: and that was a powerful category five cyclone that hit
• 1:42
  Speaker 2: the coast of Western Australia. So there's been floods, there's
• 1:44
  Speaker 2: been high winds, lots of damage there. But in the
• 1:46
  Speaker 2: meantime the Bureau of Anerology has come out and said, oh,
• 1:49
  Speaker 2: actually the next cyclone, we're going to have to change
• 1:51
  Speaker 2: the name. So what it does to name cyclones is
• 1:54
  Speaker 2: it just has a list of names in alphabetical order
• 1:57
  Speaker 2: and it alternates by gender. The next name was due
• 1:59
  Speaker 2: to be Anthony cycle on Anthony. There's never to be
• 2:02
  Speaker 2: a cycle on Anthony because our PM is Anthony Albersi.
• 2:06
  Speaker 2: So instead they're going to jump to the next name,
• 2:08
  Speaker 2: which happens to be Alfred. The bureau says that when
• 2:11
  Speaker 2: the name matches a prominent person of the time, they
• 2:15
  Speaker 2: have to reorder the next name to avoid confusion.
• 2:18
  Speaker 1: Apparently, yes, I have to say, who wants to be
• 2:22
  Speaker 1: associated with the natural disaster, you know, especially where you're
• 2:25
  Speaker 1: suffering in the polls A whay Albanesi is. When I
• 2:28
  Speaker 1: came back from overseas, it was the same time that
• 2:30
  Speaker 1: Hurricane Andrew was happening in America, and so people actually
• 2:34
  Speaker 1: got some headlines out from the paper and welcome me
• 2:37
  Speaker 1: at the airport, going Hurricane Andrew has arrived of it.
• 2:40
  Speaker 1: How lovely, Donna, thank you for your time today. For
• 2:44
  Speaker 1: more from Early Edition with Ryan Bridge, listen live to
• 2:47
  Speaker 1: News Talks it'd be from five am weekdays, or follow
• 2:51
  Speaker 1: the podcast on iHeartRadio.