Markets on Edge as US, Iran Trade Fire in Gulf | The Asia Trade 5/5/2026
Bloomberg Television·2026-05-05 04:41
SHERY: THIS IS "THE ASIA TRADE." THE TOP STORIES THIS HOUR. ASIAN SHARES ARE SAID TO FALL LOWER WITH THE U.S. AND IRAN EXCHANGING FIRE IN THE PERSIAN GULF. DONALD TRUMP SAYS THE WORK AND GO ON FOR TWO TO THREE WEEKS.THE U.S. MILITARY SAYS IT FOUGHT OFF IRANIAN BOATS, DRONES AND MISSILES WITH THE UAE COMING UNDER ATTACK FOR THE FIRST TIME IN ABOUT A MONTH. A THIRD STRAIGHT RBA RATE HIKE EXPECTED TODAY ON WAR DRIVEN INFLATION RISKS. TODAY'S MOVE WOULD UNWIND ALL OF LAST YEAR'S CUTS.AND WE ARE LIVE AT THE MILK ...