FEAR & GREED | Business News

Saturday, 11 July 2020 This is Fear and Greed's Weekend Edition, helping you to catch up on the big stories of the week.  Sean Aylmer gives his take on the week's business news, including: The biggest story The unsung story (the one trying to fly under the radar) The most remarkable story Sean's favourite story   Find out more: https://fearandgreed.com.au/ See omnystudio.com/listener for...

Home prices have started to tumble. Great news for renters but not for investors or the economy. Also today: Australia reaches out to residents of Hong Kong, raising the ire of Beijing States start hardening up their borders, fearful of Victorians And Treasury Wines, the makers of Grange, have a not-so-successful vintage Plus an interview with Trent Nikolic from CarAdvice.com about the booming lux...

Sean Aylmer speaks with Trent Nikolic, Managing Editor of caradvice.com, about the surge in luxury car sales in June.  Trent also gives Sean a taste of what it's like to drive vehicles worth more than a million dollars, and why some cars start to increase in value the moment they are purchased. Find out more: https://fearandgreed.com.au/ See omnystudio.com/listener for privacy information.

Income tax cuts, new support programs and incentives for businesses are set to be announced within weeks. Also today:   The Australian share market gets the wobbles   State police and the Australian Defence Force close the NSW-Victoria border as the number of COVID19 cases rise   And there’s no recession when it comes to Bentleys, Porches and other luxury cars surge Plus an in...

Sean Aylmer speaks to Professor Rob Powell, Professor of Finance in the School of Business and Law at Edith Cowan University.  Rob, who had more than 20 years of experience working in banks, gives a crash course in why the banks are so important to the stability of Australia's economy, and how they are faring during the pandemic. Find out more: https://fearandgreed.com.au/ See omnystudio.com/...

The Reserve Bank says low interest rates are here to stay and the federal government needs to keep supporting the economy.  Also today: Melbourne goes into lockdown, as COVID19 cases surge Afterpay owners cash out And why the postie will keep turning up at the front gate Plus an interview with Spinach advertising agency founder Ben Willee, about the state of the ad market. Find out more: http...

Sean Aylmer speaks with Ben Willee, General Manager and Media Director of Spinach advertising agency, about the state of the advertising market in Australia.  They discuss the impact of COVID-19 on advertising, the increase in podcast advertising, and why the advertiser boycott of Facebook is different to other protests. Find out more: https://fearandgreed.com.au/ See omnystudio.com/listener...

Decades of progress in superannuation is under threat because of the coronavirus - and not because of a hit to investment returns. Also today: The border between NSW and Victoria closes for the first time in 100 years Some good signs as job ads surge, but the economic recovery has a long way to go Cheap airfares announced as airlines attempt to reinvigorate the market Plus an interview with Austra...

Sean Aylmer speaks with Sue Mitchell from the Australian Financial Review about the state of retail in Australia - how the industry will look after the COVID-19 pandemic, and what Amazon plans to do in the local market. Find out more: https://fearandgreed.com.au/ See omnystudio.com/listener for privacy information.

The lockdown in Melbourne expands as more than 200 new cases are reported in the city over the weekend.  It comes as a new report shows Victoria will suffer worse economic consequences than any other state.  Also today: The United States election later this year heats up A key local by-election helps neither the Prime Minister nor the Opposition Leader And the housing market continues to...

Sean Aylmer speaks with UBS economist Carlos Cacho about the property market - what to expect over the next 12 months, and what the recent construction approval figures mean for the industry. Find out more: https://fearandgreed.com.au/ See omnystudio.com/listener for privacy information.

This is Fear and Greed's Weekend Edition, helping you to catch up on the big stories of the week.  Sean Aylmer gives his take on the week's business news, including: The biggest story The unsung story (the one trying to fly under the radar) The most remarkable story Sean's favourite story (and this week, it's a cracker) Find out more: https://fearandgreed.com.au/ See omnystudio.com/listener f...

It’s a changing of the guard on the Australian Securities Exchange as healthcare and technology groups knock off banks and miners as the country’s big growth stocks. Also today: COVID-19 rates soar overseas while Victoria’s lockdown takes effect A leader in the Morrison government set to quit politics And how the Federal Government spent $92-million on something it didn’t a...

Sean Aylmer speaks to Kim McCosker, the founder of the 4 Ingredients cookbook series. Kim built a publishing empire from her kitchen table, and shares her top tips for entrepreneurs. Find out more: https://fearandgreed.com.au/ See omnystudio.com/listener for privacy information.

House prices in Australia have started falling, as approvals for new apartments tumble.  With JobKeeper and loan deferrals set to end in September, the overall effect will be a property industry under price pressure. Also today: Victoria experiences its worst day of COVID-19 community transmission Why the revolution in banking in Australia started yesterday And how to make $200-million in jus...

Sean Aylmer speaks with Vice Admiral Paul Maddison (Ret'd), the former Commander of the Royal Canadian Navy and the Canadian High Commissioner to Australia. Professor Maddison is now the Director of the University of NSW Defence Research Institute, and joined Fear and Greed to discuss the regional and economic impact of the Government's $270-billion defence spending commitment. Find out more: http...

Australia will spend $270 billion to build up our military capabilities, in a total resetting of our defence priorities. Also today:   Melbourne shifts to partial lockdown as the cases of COVID19 keep climbing   Virgin Australia shareholders unlikely to see a cent   And online giant Amazon beefs up in Australia Plus an interview with Dr Tommy Mermelshtayn, Chief Strategy Officer at...

Sean Aylmer speaks with Dr Tommy Mermelshtayn, Chief Strategy Officer for Zip Co, an Australian 'buy now, pay later' company making headlines globally.  They discuss the 'buy now, pay later' model, how the company fared during COVID-19, and the plans for global expansion. Find out more: https://fearandgreed.com.au/ See omnystudio.com/listener for privacy information.

It's the last day of the financial year, and one we'd probably rather forget.  Share markets will end the financial year in negative territory for only the second time in more than a decade. Also today: The COVID19 pandemic in Victoria gets worse with 75 new cases reported One of Australia’s favourite retailers goes into administration And 20 per cent of workers are financially better o...

Sean Aylmer speaks to Tim Harcourt - The Airport Economist and the JW Nevile Fellow of Economics at the University of New South Wales.  They discuss the impact of COVID-19 on airlines and trade, and whether our economy is too reliant on China.  Find out more: https://fearandgreed.com.au/ See omnystudio.com/listener for privacy information.

There are fears Australia is in the grip of a second wave of coronavirus as the number of global cases hits 10 million. Also today: Tech giant Facebook under fire for allowing hate speech A slimmed down Virgin Australia set to reopen in September The Reserve Bank calls on lenders to keep lending Plus an interview with Dr Shane Oliver, Chief Economist at AMP Capital, about the state of the economy...

Sean Aylmer speaks to Dr Shane Oliver, AMP Capital Chief Economist, about the state of the economy halfway through the Government's COVID-19 stimulus package.  Dr Oliver talks about whether the JobKeeper package needs to be extended, and why we need to be wary of the handling of COVID-19 in the United States. Find out more: https://fearandgreed.com.au/ See omnystudio.com/listener for privacy...

Qantas is sacking 6,000 staff and grounding 100 aircraft and doesn’t expect a return to normal for more than 12 months. CEO Alan Joyce is making the tough calls he says are necessary to keep the airline going. Also today: Russians go to the polls and in all likelihood, President Vladimir Putin will be re-elected… for another 16 years The battle retail between tenants and landlords hea...

Sean Aylmer speaks with Mark Allen, former professional golfer and now broadcaster on Melbourne's 3AW, about the business of golf - how the sport can afford such enormous prize money, and what Australia needs to do to have more golfers competing on the world stage.  Find out more: https://fearandgreed.com.au/ See omnystudio.com/listener for privacy information.

A surge in new cases of COVID19, panic buying in supermarkets, new restrictions on movements – it’s all happening again.  Also today: Where’s Albo?  The federal opposition leader re-emerges from forced hibernation Big cuts at the ABC And vapers beware – the end is nigh for lovers of e-cigarettes Plus an interview with Anthony Pascoe, executive chairman of IWS (&lr...