FEAR & GREED | Business News

$72-billion in infrastructure projects will be fast tracked, including the much mooted Brisbane to Melbourne rail link.  The goal? Create 66,000 jobs to stimulate the economy. Also today: Further easings in lockdown restrictions across the country One of the two bidders left in the race for Virgin Australia unveils its plans And drug dispensing in Australia gets a boost Plus, an interview with AMP Capital senior economist Diana Mousina about whether the economy is turning into a Nike swoosh. Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Sean Aylmer speaks to Diana Mousina, Senior Economist with AMP Capital, about economic recovery, why consumers are so important, and whether the Government has over-stimulated the economy.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Fears about the health of the US economy has triggered widespread selling across North American, European and Asian markets overnight, with commodity prices tumbling. Also today: The Australian Tax Office provides a surprise gift to taxpayers. Premiers begin to reopen their states, but fears remain about a second wave of COVID19 infections. And BHP runs into trouble at one of its biggest mines over plans to destroy areas of cultural heritage. Plus, an interview with AFL legend and broadcaster David Schwarz about the outlook for the code. Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Sean Aylmer speaks to David Schwarz, aka The Ox - Melbourne Demons legend, businessman and broadcaster about the return of the AFL and the business of sport.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

It's musical chairs for the global economy - and not everyone can end up with a desk. The global economy will contract by six per cent this year with mass business failures and bankruptcies, according to the OECD. Also today: The US Federal Reserve says it will support the world’s biggest economy at least until 2022 The administrators of Virgin Australia ask for more money And why working life has changed forever in at least one of the country’s biggest employers Plus, an interview with entrepreneur Adam Hudson about his incredible journey using Amazon to buy and sell products.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Sean Aylmer speaks with Adam Hudson, entrepreneur and co-founder of Reliable Education, about the key to a creating a successful e-commerce businessFind out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

The Federal Government is warning of changes to assistance packages as the economy comes back to life but have share markets gone too far? Some will win and some will lose during the recovery - and sometimes the difference will be extreme. Also today:   Bunnings and Officeworks report roaring trades   China tells its students not to come to Australia   And new ways to buy a can of Coke Plus an interview with Interactive Advertising Bureau Australia Chief Executive Gai Le Roy about the state of the digital ad market.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Sean Aylmer speaks with Gai Le Roy, CEO of the Interactive Advertising Bureau Australia, about the huge growth in online advertising in recent years.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

The Government has spent $150 billion in handouts, but it looks like it’s about to wind them back.  Also today: Iron ore prices surge and Australia’s big miners are the winners It’s a big week for Holden dealers across the country And we take a look at a company whose share price is up 300 per cent in three months Plus an interview with Centennial Asset Management principal Matthew Kidman about investing in small cap stocks.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

The United States economy, and Wall Street, surged over the weekend after strong employment figures, but is it a fool’s paradise? Also today: China tells its citizens not to visit Australia because of an increase in racist attacks How a planned explosion blew up Rio Tinto’s reputation  And an increase in the good and services is tax off the table in any future tax reform Plus an interview with Luxury Escapes chief executive Adam Schwab, about his incredible journey from student to running one of the fastest growing travel companies in the country.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Westpac has been described as sloppy but not deliberately breaking the law when it breached anti-money laundering rules 23 million times. Also today: New rules for foreign investors in Australia Australia and India push for closer ties And why bank CEOs are worth the money they’re paid Plus an interview with author, historian, social affairs commentator and former Wallaby Peter FitzSimons about the state of rugby in Australia.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Sean Aylmer speaks with author, journalist and former Wallaby Peter FitzSimons about the state of rugby in Australia - the code's finances, how the game found itself in its current mess, and how it gets out of it.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

The Australian economy is in recession for the first time in nearly 30 years, but politicians, investors and economists think the worst is over.  Also today:   Cash handouts for people building a new home or renovating   Which are the two hottest stocks on the market at the moment?   And the end is nigh for the humble cheque Also, we get a bit of an investment lesson from Scott Haslem, the Chief Investment Officer of Crestone Wealth Management.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Sean Aylmer speaks to Scott Haslem, Chief Investment Officer of Crestone Wealth Management, about the current state of the market, with some handy explanations of some of the language used by professional investors.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Virgin Airlines emerges with two serious contenders for the beleaguered airline.  Also today: Riots across the United States continue with New York City becoming the centre of friction Why a media mogul bought into a building company And Australian universities are in despair but is the government listening? Plus, an interview with Trent Nikolic, Managing Editor of Car Advice, about the state of the vehicle industry in Australia.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Sean Aylmer speaks to Trent Nikolic, Managing Editor of CarAdvice, about the state of the automotive industry in Australia.  They also look at what went wrong for Holden, what went right for Toyota, and when electric cars will take off.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

The Federal Government will target the construction and entertainment sectors for new hand-outs to help the struggling industries revive. Also today: Riots continue unabated in the United States The government’s early release superannuation scheme is becoming a major problem as people access funds to go gambling. And TikTok takes over YouTube in terms of revenue, raking in a casual US$17-billion last year Plus, an interview with Damien Cooley, Managing Director of Cooley Auctions and one of Australia's leading auctioneers, about the state of the property sector.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Sean Aylmer's extended interview with Damien Cooley, Managing Director of Cooley Auctions, about the state of the property market.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

The United States is in crisis with widespread rioting, curfews and looting. All this on top of the COVID-19 pandemic.  It has the potential to send markets tumbling again.  Also today: Can Australia avoid an economic recession? It’s possible, seriously. The property market, which has had a great fortnight, looks to be cooling. And who are the richest people in the country? Plus an interview with Commonwealth Bank chief economist Stephen Halmarick about the encouraging rebound in spending going on in Australia.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

The heads of Australia’s three main regulators are upbeat about the prognosis for the local economy, but their optimism comes with caveats. Also today: The end is nigh for local newspapers outside big cities. A big day for the bidders of beleaguered Virgin Australia And what’s your favourite style of coffee? And have you drunk as much of the stuff during the COVID-19 crisis? Plus, an interview with John Stensholt, business reporter from The Australian and expert on the business side of sport. He sheds some light on the financial positions of the football codes. Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

The market capitalisation of the four major banks jumped $31 billion in just two days, yet the share market fell yesterday. A wild ride for traders.  Also today: Nurses, teachers and firefighters in NSW are told they are not getting a pay rise. David Jones’ fortunes go from bad to worse And who’s richer? Facebook’s Mark Zuckerberg or legendary investor Warren Buffet? Plus, an interview with Ross Gittins, a doyen of economics in Australia. He explains how the employment market works and why it matters.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Prime Minister Scott Morrison has outlined a new era of industrial relations reform which he hopes will lead Australia out of recession.  Business and unions have welcomed the idea, but finding common ground won't be easy. Also today:  The local sharemarket surges as states ease restrictions The Federal Government readies itself to jump in to save the all-important residential construction sector And one of the world’s great gambling moguls, Stanley Ho, dies leaving a mixed legacy Plus an interview with Wes Lambert, the Chief Executive of the Restaurant and Catering Industry Association, who is upbeat about the sector after a battering during the pandemic. Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

We’ve had JobSeeker and JobKeeper. Now, get ready for JobMaker. Today the Prime Minister’s going to outline his economic plan to recover from the COVID-19 pandemic, putting skills training and industrial relations centre stage. Also today: Directors of listed companies get a break from following the rules The days of fighting for toilet paper are over And global ratings agencies take a negative view on Australia Plus an interview with AMP Capital’s Dermot Ryan about the sector of the market that’s defied market expectations in recent weeks.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Prime Minister Scott Morrison is resisting calls to spend the $60 billion accounting error in the JobKeeper package.  It’s anything but a windfall. Also today: The National People’s Congress in Beijing triggers riots in Hong Kong and wasn’t great news for Australia States continue to lift restrictions and kids across the country go back to school The Victorian Andrews Government in hot water over its courtship of China Plus an interview with Cherelle Murphy, Senior Economist at ANZ Bank, about how important it is to get businesses investing again.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

China’s annual National People’s Congress kicks off today and this year Australia has much to win, or lose. Also today: The Federal Government clamps down on conflicts of interest in financial advising Reserve Bank Governor Philip Lowe provides some salient warnings about the economy And US Secretary of State Mike Pompeo goes into bat for Australia, but do we really need it? Plus an interview with Tom Reilly, Chief Executive of the Thoroughbred Breeders Association, about how the racing industry has managed to be one of the few sporting sectors to keep going during the COVID19 pandemic.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

A ruling by the full bench of the Federal Court has opened the way for Australia’s two million casual workers to receive holiday pay and other entitlements. It’s a decision which could send businesses broke.   Also today:   The Federal Government is set to release its blueprint for clean energy   Retail trade tumbles   And the main impediment to office staff returning to work has been overcome Plus an interview with Luxury Escapes co-founder Adam Schwab about the state of the tourism industry.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Can a pipeline from one side of the country to the other save the economy?  Also today: The trade dispute between Australia and China escalates Domestic flying will be back on the agenda from July, but expect to wear face masks and don’t expect social distancing And one of Australia’s most criticised companies returns from the near-dead Plus an interview with Cameron Kusher, Director of Economic Research at REA Group, about where the property market is heading. Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Surging iron ore prices have created new kings of the share market, with BHP, Rio Tinto and Fortescue metals temporarily at least taking over the mantle of the best in the market. Also today: Both China and the US back Australia’s push for an inquiry into the origins of the COVID19 outbreak at the World Health Organisation Finally, a break for parents – kids in two states are told to go back to school next Monday, while there’s pressure on other states to follow And how much will pension funds drop this financial year on the back of COVID19. We get a peek at full year results for superannuation funds. Plus an interview with David Bassanese, chief economist at BetaShares, about the best places to invest during the COVID-19 pandemicFind out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Is trade the next economic battleground after the COVID-19 pandemic? Australia heads to the World Health Organisation tonight to push for an inquiry into COVID-19 and China isn’t happy. Also today: Westpac admits it breached anti-money laundering rules 23 million times The bidding process for Virgin Australia heats up And the country ever so slowly starts to reopen Plus an interview with AMP Capital chief economist Dr Shane Oliver about what next for the Australian economy.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Nearly 600,000 jobs were lost last month in Australia – an unprecedented collapse in the employment market – and one in seven young people are now out of work. Also today: Western Australia sends kids back to school while restrictions are eased in NSW from today. After a decade, the NBN finally nears completion Indicative bids for the failed Virgin Airlines are due today, with four serious bidders likely to come forward. Plus an interview with Jacqui Emery, Business Director of Royal Far West children’s charity, about how the not-for-profit sector is managing the COVID-19 pandemic.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

The trade war between Australia and China is escalating, and it’s partly Australia’s fault.  Also today: The Commonwealth Bank buys one of the country’s biggest fund managers Investors can’t get enough government bonds Big mall owners and retailers start battling over rents. Plus an interview with Ross Brown, former head of investor relations at National Australia Bank and leading bank analyst, about what now for the big four major banks.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.