FEAR & GREED | Business News

Small retail investors are playing the equity market with increasing frequency and value, and they’re losing. Also today: The government set to outline a new package for small businesses. COVID19 daily cases hit record levels in Australia and globally. And is Woolworths getting too big and too powerful? Plus an interview with ANZ senior economist Cherelle Murphy about the Federal Government’s budget statement due out on Thursday night.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Sean Aylmer speaks with Cherelle Murphy, Senior Economist at ANZ, about what to expect in the Government's Budget update this week.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Saturday, 18 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 privacy information.

Nearly one million Australians are without a job, and it’s only going to get worse. Also today:   The race to save the world is on with COVID19 trials across America and Europe   A big jump in COVID19 cases in Victoria   And hardworking Bunnings staff to receive a $2,000 bonus Plus an interview with Dean Ormston, Chief Executive Officer of APRA AMCOS, the member organisation that looks after songwriters and music publishers, about how the music industry has fared during lockdowns.  Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Sean Aylmer speaks with Dean Ormston, CEO of APRA AMCOS (the Australasian Performing Rights Association and the Australian Mechanical Copyright Owners Society) about the music industry in Australia.  In particular, they look at how performing musicians generate an income, how the industry has fared during COVID-19, and how the industry successfully lobbied for a support package from the Government.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

The Australian share market surges with record highs for many companies. But is it a false dawn?  Also today: Federal and state governments to pump $2.5 billion into apprenticeships and training AMP under pressure as clients wonder about community standards And kids are drinking and smoking less than their parents Plus an interview with NAB Chief Economist Alan Oster about the economy, unemployment and house prices. Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Sean Aylmer speaks to NAB Group Chief Economist Alan Oster about the NAB Monthly Business Survey.  They also discuss what the Federal Government needs to do to steer the economy through the COVID-19 pandemic, and the expected impact on house prices.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Is Australia set for a double dip recession following the new outbreak of COVID19 cases in Victoria and NSW?  Also today: Relations between the United States and China hit their worst level in 50 years People rush to access superannuation payments to prop up their incomes Australia’s biggest oil and gas company writes off more than $6 billion Plus an interview with financial adviser Myles Thornton about how investors have managed their money during the COVID19 outbreak.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Sean Aylmer speaks with Myles Thornton, Principal of Thornton+Lee, a financial advice firm.  Myles shares the advice he has been giving to clients during the COVID-19 pandemic, and discusses the current state of the financial advice industry.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

The price of iron ore hit a record yesterday as sales of the commodity surge. Can it save the Australian economy? Also today:   NSW introduces tougher lockdown rules as fears of a second outbreak grow   A record number of taxpayers file returns in the first few days of the New Year   And McWilliams Wines finds a new owner Plus an interview with Professor Steve Worthington from the Swinburne University of Technology about the incredible success of the buy now, pay later sector.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Sean Aylmer speaks with Steve Worthington, Adjunct Professor in the Faculty of Business and Law at Swinburne University of Technology's Swinburne Business School.  With the rise of by now pay later and contactless payments, are we heading towards a cashless society?Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Australia’s banks are about to get tough on borrowers, risking a new economic slump for the country.  Also today: Fears that the Victorian outbreak in COVID19 has spread to NSW How wealthy is Tesla founder Elon Musk? And why forklift drivers are more in demand than university graduates Plus, an interview with AMP senior economist Diana Mousina about tax reform – while it can sound dull, it definitely isn't, and it affects every one of us.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Sean Aylmer speaks with Diana Mousina, AMP Capital Senior Economist, about the measures the Government may be considering to support the economy through the COVID-19 pandemic.  This includes extending JobKeeper, business investment incentives, GST and corporate tax reform, and the impact of the early access to superannuation.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

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 privacy information.

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 luxury car market.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

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 interview with Professor Rob Powell from Edith Cowan University about the state of the banking industry in Australia.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

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/listener for privacy information.

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: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

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 for privacy information.

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 Australian Financial Review reporter Sue Mitchell about the state of the retail sector.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

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 show signs of weakness Plus an interview with UBS economist Carlos Cacho about the housing market, including the outlook for property prices over the next 12 months.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

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 for privacy information.

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 adopt Plus an interview with the wonderful author of 4 ingredients, entrepreneur Kim McCosker, who shares her secrets of success.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

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 just 18 months Plus an interview with retired Vice-Admiral Paul Maddison about the federal government’s $270 billion defence package. Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

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: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

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 buy now, pay later group Zip Co about the incredible expansion in that market.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

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 off in the coronavirus world Plus an interview with The Airport Economist Tim Harcourt about the new world of global trade.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

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 halfway through the Government’s pandemic stimulus packages.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

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 information.

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 heats up And Australia and New Zealand win their bid to host the 2023 Women’s Soccer World Cup Plus an interview with former professional golfer and broadcaster Mark Allen, about one of the world’s richest games.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

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 (‎Integrated Workforce Solutions) Australia about how small business is coping. Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Sean Aylmer speaks with Anthony Pascoe, Executive Chairman of IWS Australia, a company that allows businesses to outsource their backend administration.  Anthony has had a front-row seat to how many small businesses have handled the COVID-19 crisis, and also talks about the red tape that results in companies like Woolworths underpaying staff.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Woolworths is experiencing record growth, but its underpayment scandal to staff has just gotten worse. Also today: The fallout from the COVID-19 outbreak in Victoria continues The sexual harassment scandal at the High Court triggers a surge in cases of similar behaviour in the legal profession Apple has spoken. And the world listened. Plus an interview with risk expert Dr Gavriel Schneider about how to think about taking risks in a COVID-19 world.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Sean Aylmer speaks with Dr Gavriel Schneider, CEO of the Risk 2 Solutions Group, about the psychology of risk, and how businesses can come through challenging times stronger.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

A former Justice of the High Court of Australia has been found to have sexually harassed six staff members.  It’s a story with widespread ramifications - the High Court must be the benchmark in upholding standards.  Also today: Nothing will be back to normal for a long time, says the Reserve Bank Governor State Premiers become nervous about the COVID-19 outbreak in Melbourne, but the Prime Minister wants restrictions across the country eased And a huge day in company news as the pandemic starts to bite Plus, an interview with Vanguard’s Robin Bowerman about how to invest in the current climate.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Sean Aylmer speaks with Robin Bowerman, Head of Corporate Affairs for Vanguard, who details his four main rules for investing in these turbulent times.  Robin also provides some valuable suggestions for anyone with a self-managed super fund, or who may be considering starting an SMSF.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

A surge in COVID-19 cases in Victoria, and 150,000 new cases globally in just 24 hours, has sparked fears of a second wave of coronavirus infections.  Also today: Donald Trump holds his first re-election rally to a smaller than expected crowd The Fair Work Commission delays wage rises for millions of workers And Jetstar offers $19 airfares, but the competition watchdog isn’t happy Plus an interview with ANZ senior economist Cherelle Murphy about last week’s disastrous employment figures.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Sean Aylmer speaks with ANZ Senior Economist Cherelle Murphy about unemployment, and what the rest of the year will look like for jobs in Australia.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

A record number of Australians have lost their jobs and it’s only going to get worse.  The economy has now lost 835,000 jobs during the COVID-19 crisis, a number which Prime Minister Scott Morrison described as devastating.  Also today: Some university courses are about to get much more expensive One of Australia’s oldest and biggest mining projects is set for a revamp The company whose share price more than doubled in just under six hours. Plus an interview with Sam Wood, reality TV star and entrepreneur, about developing a hugely successful fitness and nutrition business.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Sean Aylmer speaks with Sam Wood, owner of 28 By Sam Wood, about the growth of his fitness and nutrition business, his family, and his tips for young entrepreneurs.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Sean Aylmer speaks to Laura Tingle, Chief Political Correspondent for ABC's 7.30, about the Federal Government's management of the COVID-19 pandemic, the plans for industrial relations reform, and the role of the National Cabinet in the future.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Australia and Britain start working together on a free trade deal, with hope working visa requirements will be eased.  Meanwhile, it’s state vs state as our domestic borders slowly reopen. Also today: One of the two main bidders for Virgin Australia wins union support The Victorian ALP debacle keeps getting worse And is it the end of an era in plane travel? Plus, an interview with ABC’s chief political correspondent for 7:30 Laura Tingle, about the performance of the Prime Minister and the crisis in the Labor Party.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Today the markets are the main story.  There’s a growing chorus of watchers, including the Reserve Bank, wondering why the Australian stock market has rallied so hard.  Also today: Australia to become more vocal on the world stage The Federal Labor party takes over the Victorian branch And promising figures in the jobs market Plus an interview with Daniel Hynes, Senior Commodity Strategist at ANZ, about all things gold.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.