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Transcripts For BLOOMBERG Bloomberg 20240703

Home that higher for longer narrative. We are seeing pretty decent sentiment here, big tech rally in the u. S. Leading some of those stock sire in the region here in asia as well. It is a little bit of holiday session, hong kong as well of as well as curia close. The markets are online, we see decent gains. One of the big stories across the bloomberg, spotlight on china property is starting to see play through when it comes to these key assets like dollar china as well as the aussie dollar watching iron ore. This proposal that beijing is said to be considering to have local governments across the country by out millions of unsold homes. This is according to people familiar with it. This is such a huge ambition and a lot of questions around this if it does come through in terms of the effectiveness of such a policy. Lets bring in Stephen Engle in our China Economy editor james major. Let me start off with you. Lets get to you, james. We have all been covering the highs and lows and real

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