FEAR & GREED | Business News Albo cuts emissions targets; job market weakens; Macquarie Group merger?
Sep 18, 2025
The federal government faces backlash after scaling back carbon emissions targets. The job market shows signs of softness, raising hopes for interest rate cuts. An influential Trump appointee leads to the cancellation of the Jimmy Kimmel show on ABC. In corporate news, the Macquarie Group is reportedly eyeing a merger with Carlyle Group. Additionally, Santos’ stock price plummets following a failed $30 billion takeover bid. Tune in for insights on these pressing topics!
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Pragmatic National Emissions Target
- The federal government set a 62–70% emissions cut by 2035, lower than prior advice but presented as achievable with current tech.
- Treasury says a 65% target could make the economy $2.2 trillion bigger by 2050 but risks a disorderly transition if mishandled.
Infrastructure And Spending Decide Outcomes
- Achieving higher emissions cuts needs massive spending and faster renewables rollout plus transmission infrastructure.
- Under a disorderly transition the economy could be $1.2 trillion smaller with higher prices and lower wages.
Fed Walks A Tightrope On Rates
- The US Fed cut rates 25bp but signalled caution, balancing labour market risks and tariff-driven inflation.
- Internal dissent existed, with new Fed Governor Stephen Mirren voting for a larger cut.