This episode of Financial Services Online's Weekly Finance News Wrap covers the ongoing turbulence in the Australian trading world due to US tariff policies, with firm Morningstar predicting medium-term earning declines and impacts until 2026. The discussion also mentions how firms like GQG, Perpetual, and Magellan are experiencing market share loss and preparing for outflows. Nonetheless, the potential growth areas for Perpetual and Insignia are investigated. Attention is drawn to the record high prices in Sydney's housing market, with median prices crossing $2 million, attributed to potential rate cuts and the proposed 5% deposit guarantee for first time buyers. The episode ends with observations on geopolitical risks and the increasing awareness and debates around Environmental, Social and Governance (ESG) considerations. Despite uncertainties, a European led recalibration committed to ESG is discerned.n