morning. a big day here in canberra with a $35 billion budget deficit forecast. little in the way of reformists -- reform is expected. have one eyet will on the july election and another on preserving australia's aaa credit rating when it delivers the budget later this afternoon. the reserve bank of australia holds its meeting today. economists are split on whether or not the bank will lower the cash rate to one point -- 1.75 after last week% -- 1.75% after last week's surprisingly deflationary cpi. bank that watching a posted a $2.7 billion first half cash profit. that was much less than expected. analysts hoped for $3.6 billion profit. that's the lowest result from the bank in almost six years. a lot to watch in australia today. i am paul allen for bloomberg kilby -- bloomberg tv here in canberra, australia. ♪ emily: this is "bloomberg west." i'm emily chang. if you've ever played a video game, you owe a debt of gratitude to nolan bushnell, who cofounded atari in 1972, and created cult classics like "pong," which laid the foundation for the booming electronic gaming industry as i

dc, canberra, sydney, and singapore to look at what we are watching. it is all in for in indiana, ted cruz quitting the race after a lose to donald trump. that the mccracken race remains -- the democrat race remains too close to call. we have

to go to washington dc, canberra, sydney, and singapore to look at what we are watching. it is all in for in indiana, ted cruz quitting the race after a lose to donald trump. that the mccracken race remains -- the democrat race remains too close to call. commodities producers in australia, investors prioritize safety over stimulus. and the government hoping that stimulus and the new budget will bring victory in july with anticipated elections. you can't take anything for granted. let us know you think of the top stories. don't forget to include the hash tag. let's tell you about the markets, it is a day or your seeing a bit of a selloff in china and hong kong coming on in 30 minutes. here is david. david: all of this global selloff, emerging markets. down 2% on the embassy i gauge. you look at the world, places that the big hit, turkey, argentina, brazil, and a lot of markets we are waiting for in southeast asia likely to take that you. global selloff, you look at embassy world, some of the world's biggest companies in that index, half $1 trillion, and the bank of japan is still cl

phase of his trial is set to start on the 16th. >>> police in canberra looking for two people caught on video attempting to steal a car early wednesday morning. some surveillance footage from the home shows the suspects entering an unlocked car around 2:40 am. and men is seen in the driver seat making several attempts to start the car but field. the woman is seen next to him in the passenger seat. they left the car and fled the area. >>> the police department is dealing with another case of an officer being accused of being intolerant. the department announced it has suspended officer for using language that had, sexual and racial undertones. the statements were made in february in the presence of two other employees the department has turned over the case to the police commission for disciplinary action. the force has been rocked by two other cases. >>> police are searching for suspects in a shooting in east oakland. this happened after 6 pm near 23rd avenue. a man and a woman were wounded in gunfire. the victims are being treated at the hospital. no word on their condition or what led