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Commonwealth Bank recently announced a staggering $10.25 billion profit, yet its stock took a hit due to valuation concerns. The conversation delves into innovative technology partnerships aimed at enhancing customer service, particularly through AI collaboration. It also emphasizes the importance of long-term strategies in a competitive market, the necessity of economic reform in Australia, and the bank's strong growth potential tied to the local economy. Leadership stability and a focus on domestic strengths emerge as key themes.

CBA's significant sell-off raises eyebrows in the market. Companies announce their results, revealing intriguing insights into the economy. Wages remain steady, suggesting stability amidst fluctuations. Meanwhile, an epic win captures attention. The worsening crisis in Israel continues to demand international focus and humanitarian aid, spotlighting the urgent need for ceasefire.

In a lively discussion, Anthony Miller, the CEO of Westpac, tackles pressing issues like the housing crisis and the need for reform in Australia. He emphasizes collaboration among governments, businesses, and unions to make housing more affordable. Miller also dives into the complexities of tax reform, impacting construction financing and community engagement. Additional topics include the strategic use of AI for customer engagement and managing mental health in the workplace, all while addressing economic challenges faced by small and medium enterprises.

The Reserve Bank of Australia cuts interest rates, sending the local share market to new heights. Economic growth forecasts are downgraded, yet optimism remains high among Treasurers. Star Entertainment navigates a debt turnaround while airlines adapt to a shift towards premium travel. Meanwhile, a popular family tracking app thrives in today's anxiety-driven society. Discussions on tariffs with China and public safety issues round out the engaging topics, alongside expert insights on the future of interest rates.

Belinda Allen, a Senior Economist at Commonwealth Bank, dives deep into Australia's interest rate landscape. She discusses the recent cuts by the RBA and what they mean for future economic recovery, forecasting more cuts on the horizon. The conversation highlights the differences between Australia's and the US's central bank strategies. Belinda also sheds light on the labor market and upcoming economic data that could shape rate decisions. Lastly, she explores the impact of these rate cuts on the housing market, hinting at a potential rise in home prices.

Markets had a thrilling day as the ASX 200 soared to a new high after interest rates were cut. Poor productivity in Australia raised eyebrows, while Deloitte faced consequences for staff misconduct. Leadership changes in the media sector created waves, highlighted by the SBS boss stepping down. And just when you thought it couldn't get any more exciting, Taylor Swift dropped news of her new album, stealing some spotlight amidst economic chatter!

Tuesday 12 August 2025 Prime Minister Anthony Albanese announces plans to recognise a Palestinian state, putting Australia at odds with the US over the issue. And more, including: JB HiFi’s CEO calls it quits Lithium stocks surge, pushing the local sharemarket higher ahead of the RBA’s rate call today The government takes its first steps towards universal childcare  Australia’s snow tourism sector is seeing a flurry of renewed optimism Join our free daily newsletter here. And don’t miss the latest episode of How Do They Afford That? - this week, four tips for starting a side hustle. Get the episode from APPLE, SPOTIFY, or anywhere you listen to podcasts.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

What should we expect from reporting season?Today Sean Aylmer is joined by Ben Gilbert, Head of Australian Research at Jarden.Fear & Greed Q+A: Join Sean Aylmer & Michael Thompson as they answer questions on business, investing, economics, politics and more. If you have your own question, get in touch via our website, LinkedIn, Instagram or Facebook!This is general information only. Seek professional advice before investing.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

This is the Fear and Greed Afternoon Report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes. ASX closes higher PM to recognise Palestine Lithium's big day New charge for EV owners CSIRO combats deepfakes Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Australia's Prime Minister rejects sanctions on Israel amidst ongoing geopolitical tensions. The housing market is feeling the pinch as clearance rates drop while buyers await rate cuts from the RBA. In tech news, brands like Temu and Guzman y Gomez are booming, shaking up consumer habits. Additionally, Optus faces legal issues over a massive data breach, and Ukraine's President rebuffs suggestions of a land swap with Russia, highlighting the complex international landscape that impacts markets.