FEAR & GREED | Business News

We’ve had JobSeeker and JobKeeper. Now, get ready for JobMaker. Today the Prime Minister’s going to outline his economic plan to recover from the COVID-19 pandemic, putting skills training and industrial relations centre stage.

Also today:

• Directors of listed companies get a break from following the rules
• The days of fighting for toilet paper are over
• And global ratings agencies take a negative view on Australia

Plus an interview with AMP Capital’s Dermot Ryan about the sector of the market that’s defied market expectations in recent weeks.

Find out more: https://fearandgreed.com.au/

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Prime Minister Scott Morrison is resisting calls to spend the $60 billion accounting error in the JobKeeper package.  It’s anything but a windfall.

Also today:

• The National People’s Congress in Beijing triggers riots in Hong Kong and wasn’t great news for Australia
• States continue to lift restrictions and kids across the country go back to school
• The Victorian Andrews Government in hot water over its courtship of China

Plus an interview with Cherelle Murphy, Senior Economist at ANZ Bank, about how important it is to get businesses investing again.

Find out more: https://fearandgreed.com.au/

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China’s annual National People’s Congress kicks off today and this year Australia has much to win, or lose.

Also today:

• The Federal Government clamps down on conflicts of interest in financial advising
• Reserve Bank Governor Philip Lowe provides some salient warnings about the economy
• And US Secretary of State Mike Pompeo goes into bat for Australia, but do we really need it?

Plus an interview with Tom Reilly, Chief Executive of the Thoroughbred Breeders Association, about how the racing industry has managed to be one of the few sporting sectors to keep going during the COVID19 pandemic.

Find out more: https://fearandgreed.com.au/

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A ruling by the full bench of the Federal Court has opened the way for Australia’s two million casual workers to receive holiday pay and other entitlements. It’s a decision which could send businesses broke. 

 Also today:

•   The Federal Government is set to release its blueprint for clean energy
•   Retail trade tumbles
•   And the main impediment to office staff returning to work has been overcome

Plus an interview with Luxury Escapes co-founder Adam Schwab about the state of the tourism industry.

Find out more: https://fearandgreed.com.au/

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Can a pipeline from one side of the country to the other save the economy?

 Also today:

• The trade dispute between Australia and China escalates
• Domestic flying will be back on the agenda from July, but expect to wear face masks and don’t expect social distancing
• And one of Australia’s most criticised companies returns from the near-dead

Plus an interview with Cameron Kusher, Director of Economic Research at REA Group, about where the property market is heading. 

Find out more: https://fearandgreed.com.au/

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Surging iron ore prices have created new kings of the share market, with BHP, Rio Tinto and Fortescue metals temporarily at least taking over the mantle of the best in the market.

Also today:

• Both China and the US back Australia’s push for an inquiry into the origins of the COVID19 outbreak at the World Health Organisation
• Finally, a break for parents – kids in two states are told to go back to school next Monday, while there’s pressure on other states to follow
• And how much will pension funds drop this financial year on the back of COVID19. We get a peek at full year results for superannuation funds.

Plus an interview with David Bassanese, chief economist at BetaShares, about the best places to invest during the COVID-19 pandemic

Find out more: https://fearandgreed.com.au/

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Is trade the next economic battleground after the COVID-19 pandemic? Australia heads to the World Health Organisation tonight to push for an inquiry into COVID-19 and China isn’t happy.

Also today:

• Westpac admits it breached anti-money laundering rules 23 million times
• The bidding process for Virgin Australia heats up
• And the country ever so slowly starts to reopen

Plus an interview with AMP Capital chief economist Dr Shane Oliver about what next for the Australian economy.

Find out more: https://fearandgreed.com.au/

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Nearly 600,000 jobs were lost last month in Australia – an unprecedented collapse in the employment market – and one in seven young people are now out of work.

Also today:

• Western Australia sends kids back to school while restrictions are eased in NSW from today.
• After a decade, the NBN finally nears completion
• Indicative bids for the failed Virgin Airlines are due today, with four serious bidders likely to come forward.

Plus an interview with Jacqui Emery, Business Director of Royal Far West children’s charity, about how the not-for-profit sector is managing the COVID-19 pandemic.

Find out more: https://fearandgreed.com.au/

See omnystudio.com/listener for privacy information.

Fear and Greed is a daily podcast providing you with the most essential business news and information needed to set up for a successful day.

It’s available by 6:30 am Monday to Friday and ensures you are fully prepared for the day in less than 20 minutes.

Fear and Greed is hosted by Sean Aylmer, one of Australia’s most experienced and respected journalists.

Support the show: https://fearandgreed.com.au/all-episodes

The trade war between Australia and China is escalating, and it’s partly Australia’s fault. 

Also today:

• The Commonwealth Bank buys one of the country’s biggest fund managers
• Investors can’t get enough government bonds
• Big mall owners and retailers start battling over rents.

Plus an interview with Ross Brown, former head of investor relations at National Australia Bank and leading bank analyst, about what now for the big four major banks.

Find out more: https://fearandgreed.com.au/

See omnystudio.com/listener for privacy information.