US Midterms Test Trumpism as One Nation Surges in Australia
Channel: Bloomberg Television
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Read a transcript preview of “US Midterms Test Trumpism as One Nation Surges in Australia” from Bloomberg Television, uploaded on 2026-11-03.
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Language: English (creator captions)
[0:00] Let's take a look at our Australian assets, the tracking rig up the, uh, ASX
[0:04] a bit by about a fifth of 1% right now, although it could be better still if it
[0:09] wasn't for the heavy weight of the energy sector.
[0:12] That's off more than 4%, but most sectors on the index in positive
[0:16] territory and doing okay. And this of course is ahead of the RBA
[0:20] decision today. We are expecting to see a further 25
[0:22] basis points of tightening. That'll be the fifth this year.
[0:25] We'll have the cash rate at an 18 year high.
[0:27] The Aussie dollar has just broken through $0.70.
[0:30] Us and Heidi. That may not be the end of it.
[0:33] Subscribers can also turn to the terminal for more on the right decision
[0:37] to live. Go is your function for the latest
[0:39] updates. Also commentary and analysis from our
[0:41] expert editors. And of course, tomorrow's US midterms
[0:45] are set to reverberate globally, both suggesting that President Trump's
[0:49] Republican Party could lose control of at least one chamber of Congress.
[0:52] Democrats could then move to constrain Trump's use of tariffs on military
[0:56] power, with potential implications for Australia's economy and the Aukus
[1:00] alliance recent elections that have gone against his international allies may
[1:04] indicate a tentative pivot away from global Trumpism.
[1:07] But Australia's far right One Nation party has surged in popularity with
[1:11] Trump style policies, including climate change denial and opposition to
[1:15] immigration. So let's take a close look at all of the
[1:18] stakes for Australia with Haley China as the economic security direc