FEAR & GREED | Business News

Federal Treasurer Jim Chalmers advocates for AI as a vital economic enabler, potentially adding $200 billion in the next decade. The ASX reaches new heights, while telco TPG’s stock price stumbles due to a name mix-up. A tribute to legendary musician Cole Joy underscores his influence and ties to the Bee Gees. Meanwhile, News Corp celebrates impressive financial gains, and concerns arise over the impacts of upcoming US trade tariffs. The podcast mixes economics with personal and cultural narratives for an engaging listen.

A major deal between News Ltd and Nine ensures Australian newspapers will continue printing for the next five years, but the survival of print media remains in question. The podcast delves into the decline in newspaper circulations and the swift shift toward digital consumption. It highlights the dwindling classified ads revenue as online platforms rise, posing significant challenges for traditional print publishers. Industry leaders discuss urgent strategies to adapt and thrive in this rapidly changing media landscape.

Discover how the ASX 200 index just soared to new heights, marking a historic milestone for the market. Dive into the latest corporate earnings that are shaking things up. Learn about key housing reforms and their potential impact, plus what to expect from looming US trade tariffs affecting various industries. A whirlwind tour of today’s most pressing business news awaits!

In a riveting conversation, Anthony Miller, the CEO of Westpac and former Deutsche Bank leader, shares his unexpected journey to the top. He reflects on the challenges and excitement of leadership in banking, especially post-COVID. Topics include blending digital and physical banking to enhance customer experience, the strategic use of AI for competition, and the need for a balanced approach to emissions reduction. Miller emphasizes the importance of human interaction in banking and the potential for innovation in Australia's economy.

NBN Co's partnership with Amazon aims to revolutionize satellite broadband in rural Australia, enhancing internet access for remote work and education. The local share market hits a record high, fueled by optimism around potential US interest rate cuts. Meanwhile, rising household spending and a significant defense contract reflect evolving economic dynamics. In the social media realm, the podcast highlights the unexpected popularity of independents and right-wing politicians, showcasing the changing landscape of political engagement.

Todd Hoare, Head of Public Markets at LGT Crestone, shares his insights on current market volatility. He challenges listeners to consider whether the upheaval is just typical noise or an indication of deeper issues. The discussion delves into historical contexts of market dynamics, emphasizing how modern portfolio strategies can weather uncertainty. Hoare also touches on the influence of political factors, particularly the Trump administration's policies, and encourages investors to prioritize fundamental economics over sensational headlines.

The Australian share market is soaring to new heights, thanks to optimism over potential U.S. interest rate cuts. Discover how various sectors, including rare earths, are capitalizing on this surge. Mitsubishi has secured a massive $10 billion defense contract, marking a significant milestone. Additionally, BP’s latest oil discovery adds another layer of intrigue to the energy landscape. Stay updated with these key developments that are reshaping the market and economy!

Tuesday 5 August 2025 An alleged Chinese spy has been arrested in Canberra, just as Prime Minister Anthony Albanese wrestles with the crisis in the Middle East.  And more, including: Resignations at the very top of Endeavour Group, owner of Dan Murphy’s, leaves the group rudderless, according to investors.  A record payout for sexual harassment in the workplace  The country’s biggest publishers promise five more years of print. The crisis in the world of butter.  Join our free daily newsletter here. And don’t miss the latest episode of How Do They Afford That? - this week, cash or cashless: what’s better for the budget? 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.

How does business feel about the Victorian government's plan to legislate the right to work from home?Today Sean Aylmer is joined by Adam Schwab, co-founder and CEO of Luxury Escapes - a vocal opponent of Premier Jacinta Allan's plan to legislate the right to work from home two days a week.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!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 flat PM downplays roundtable Whyalla rescue Beach dividend boom Netanyahu horror Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.