FEAR & GREED | Business News

Roger Montgomery, Founder and Chief Investment Officer at Montgomery Investment Management, dives into the recent 2% tumble of the S&P/ASX 200, driven by tech stock declines and rising geopolitical fears. He discusses how stretched valuations, particularly in the tech sector, contribute to market fragility. Roger also explores the possibility of an AI bubble, red flags in financials of tech giants like NVIDIA, and a broader sell-off affecting banks and miners. His insights on diversifying portfolios amidst increasing volatility provide valuable strategies for investors.

The ASX takes a significant hit, dropping 1.9% as a tech slump wipes $60 billion from the market. Technology One faces a steep 17.2% decline despite reported profit gains, raising eyebrows among investors. Westpac's CEO pushes for mid-priced homes to tackle the housing crisis. Political shifts in Victoria and NSW stir the waters ahead of looming elections. Meanwhile, Trump hints at possible troop deployments to Venezuela, adding a layer of international tension.

Markets are shaken as tech stocks and bitcoin see significant declines amid rising interest rate fears. Major energy companies back a net zero by 2050 initiative, reflecting a shift in industry standards. Amazon, Temu, and Shein are poised to dominate Australia’s online retail within the next year, posing challenges for local retailers. Meanwhile, Westpac announces a commitment to rural banking, sending bankers to regional areas. Lastly, political developments include PM Albanese's decision to dismiss co-hosting next year’s COP summit.

Darren Hopkins, Head of Cyber at McGrathNicol and ransomware expert, and Brendan Payne, Cyber partner focusing on incident analysis, dive into the shifting landscape of ransomware. They reveal that average ransom payments have declined significantly from $1.35M to $711K as businesses grow more cautious about paying. The duo discusses evolving tactics like double extortion and the impact of mandatory reporting regulations. Their insights suggest that increased awareness and accountability could lead to better defensive strategies for organizations.

The market faced a downturn, with the ASX tumbling by 1.4%. Property auction activity surged to its highest levels since March, supported by low listings. A significant gas discovery off the Victorian coast promises to boost east coast supplies. Cybersecurity takes center stage as a new AI-driven phishing campaign targets vulnerable Australians. In political news, Trump is pressing for the release of Epstein files, stirring up investigations. Tune in for a quick dive into these hot topics!

An independent review reveals serious governance issues at ANZ, echoing past criticisms from the Banking Royal Commission. BHP is held legally responsible for a major environmental disaster in Brazil. The Coalition introduces a technology-neutral energy strategy focused on gas. Trump cuts beef tariffs, raising concerns for Australian graziers. Additionally, a new native bee species, named Megachile lucifer, is discovered, boasting unique horns that catch scientists' attention.

Stephen Koukoulas, a seasoned economist and commentator, joins to delve into the implications of recent strong labour force data. He discusses how this affects hiring dynamics and sector-specific skill shortages. Koukoulas argues that an RBA rate cut is unlikely, emphasizing that the upcoming RBA minutes will shed light on their cautious stance. He highlights the importance of wages growth as a critical barometer for inflation, making for a thought-provoking conversation on the current economic landscape.

Reflecting on years of daily podcasting, hosts share the thrill of growing from a modest audience to millions during the podcasting boom. They dive into the importance of consistency and the challenges of maintaining a rigorous daily schedule. The bond between hosts and listeners comes alive through personal stories and audience interactions. They discuss the value of audio quality, how advertisers are drawn to niche audiences, and balance the joys of journalism with the pressures of performance.

Adam Lang, a savvy economic commentator and colleague at Fear & Greed, joins the discussion as the judge for a lively debate between hosts Sean Aylmer and Michael Thompson. They tackle the end of the US government shutdown, exploring its broad economic implications. The conversation also dives into Australia's soaring $12 trillion housing market and the challenges it poses for first-home buyers. Additionally, they dissect the recent decision by the Liberal Party to ditch net zero, framing it as a strategic political maneuver rather than a climate policy shift.

Markets are feeling the heat as the ASX tumbles 1.4%, shaking off $37 billion in value amid rate concerns. BHP faces a pivotal ruling regarding its responsibility for a devastating dam collapse in Brazil. Teal MPs are taking the Liberals to task over their net zero commitments, stirring up tensions in urban constituencies. In health news, dementia has surged to become Australia's leading cause of death, prompting urgent calls for better brain health investment. Meanwhile, the US may reconsider visa approvals for individuals with chronic health conditions.