Budget is inflationary, wages growth slows sharply, meme stocks keep running

Sean Aylmer and Michael Thompson go head to head on the top business stories of the week, with Adam Lang adjudicating.Find out more: https://fearandgreed.com.auSee 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. CBA v BHP PM: need more gas Aussie dies at Hajj Guzman falls back UK rates on hold Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.

Friday 21 June 2024 The biggest IPO of the year surges on opening, with Guzman Y Gomez’s share price closing up 30 per cent on day one.  And more, including: The cold snap along the east coast threatens to disrupt energy supplies More than half of all Australians don’t expect to fully own their own home by the time they retire And shopping at Aldi, as opposed to Coles or Woolworths, could save shoppers 25 per cent on their grocery bill Plus don’t miss the latest episode of How Do They Afford That? - five ways to budget your money. Get the episode from APPLE, SPOTIFY, or anywhere you listen to podcasts.Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.

One in three working Australians expect to still be paying a mortgage once they've retired. And one in two people are worried they'll run out of money.Daniel Shrimski, Managing Director of Vanguard Australia, talks to Sean Aylmer about the latest How Australia Retires report - and the alarming number of people not planning adequately for their retirement.This is general information only. You should seek professional advice before making investment decisions.Find out more: https://fearandgreed.com.auSee 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 closes lower Nuclear fall-out Property write-downs MinRes shuts mine UK inflation falls Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.

Thursday 20 June 2024 Opposition Leader Peter Dutton goes nuclear, naming seven potential sites for reactors if the coalition is elected to government.  And more, including: Home prices set to rise in Perth, Sydney, Brisbane and Adelaide, but not Melbourne Aircraft are landing at some large regional airports even though air traffic control is closed McDonald’s scraps AI voice recognition for its drive-through, after customer orders go wildly wrong Plus don’t miss the latest episode of How Do They Afford That? - five ways to budget your money. Get the episode from APPLE, SPOTIFY, or anywhere you listen to podcasts.Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.

We talk a lot about what house prices have already done. Forecasting what they'll do next is another story altogether.Dr Nicola Powell, Domain's Chief of Research and Economics, talks to Sean Aylmer about the cities expected to hit median prices of $1 million - and where we need to look at an increase in density.Find out more: https://fearandgreed.com.auSee 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 closes flat Goodbye CSR, hello Guzman Bird flu outbreak worsens QBE exits mid US Windfarm for Vic Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.

Wednesday 19 June 2024 The Reserve Bank keeps interest rates on hold and strikes a more pessimistic tone about the outlook for inflation.  And more, including: There could be big changes for the BNPL industry including the potential for a surcharge on purchases Australia climbs the competitiveness rankings Johnson & Johnson hit with new multi-billion dollar lawsuit over talc Plus don’t miss the latest episode of How Do They Afford That? - five ways to budget your money. Get the episode from APPLE, SPOTIFY, or anywhere you listen to podcasts.Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.

The Reserve Bank board yesterday left interest rates on hold at 4.35% - no surprises there. But the language used, and the fact that they talked about a rate HIKE, certainly raised a few eyebrows.Diana Mousina, Deputy Chief Economist at AMP, talks to Sean Aylmer about the RBA meeting and the outlook for interest rates.Find out more: https://fearandgreed.com.auSee omnystudio.com/listener for privacy information.