Talking Business with Leon Gettler

What does the market anticipate in a potential Kamala Harris presidency?Reserve Bank of Australia governor Michele Bullock  has warned that rapidly rising building costs are keeping inflation in Australia higher than overseasCalling CrowdStrike!! What’s the plan on reimbursing everyone for the lost revenue?? This outage cost the global economy billions of dollars so far.Oxford Economics warns Australia’s housing supply and affordability crisis is likely to deepen and will remain a “chronic” issue.Insolvencies in the building and construction sector are already level with pre-Covid-19 calendar year totals, and numbers are set to exceed historical highs    Follow my socials on:https://twitter.com/leongettlerhttps://www.instagram.com/leongettler/https://www.linkedin.com/in/leongettler/https://www.facebook.com/talkingbusinesspodcasthttps://business.google.com/dashboard/l/17460167277811417147?hl=en&gmbsrc=au-en-z-z-z-gmb-s-119-u~mhp-ns_hom_8-u&omec=EI_z6RYYASIBATIBATotZ21ic3JjPWF1LWVuLXotei16LWdtYi1zLTExOS11fm1ocC1uc19ob21fOC11QAFKEwjq4cCIj5D3AhXNnWMKHUB5Cqg%3Dhttps://www.youtube.com/c/LeonGettler/discussion?app=desktop  

The markets are waking up to the prospect of Trump winning the election following the assassination attempt. That means tax cuts, tariffs and de-regulation. There is also heightened political risk which may add to volatility.A group of ultra wealthy people are donating millions to a super PAC backing Donald Trump for President. Elon Musk is leading the charge with $US45 million per month to get Trump elected.The International Monetary Fund has warned that high inflation is proving more persistent than expected, potentially forcing central banks to keep interest rates higher for even longer than predicted.The Labor government will appoint an administrator to fix CFMEU, saying it doesn’t want to deregister them like Labor PM Hawke did to the BLF, not mentioning that the CFMEU was created out of the BLF.             Qantas boss says Australia can’t sustain more than three airlines. Follow my socials on:https://twitter.com/leongettlerhttps://www.instagram.com/leongettler/https://www.linkedin.com/in/leongettler/https://www.facebook.com/talkingbusinesspodcasthttps://business.google.com/dashboard/l/17460167277811417147?hl=en&gmbsrc=au-en-z-z-z-gmb-s-119-u~mhp-ns_hom_8-u&omec=EI_z6RYYASIBATIBATotZ21ic3JjPWF1LWVuLXotei16LWdtYi1zLTExOS11fm1ocC1uc19ob21fOC11QAFKEwjq4cCIj5D3AhXNnWMKHUB5Cqg%3Dhttps://www.youtube.com/c/LeonGettler/discussion?app=desktop  

Euro recovers as left-wing coalition leads in French legislative election, financial concerns loom.Australia has some of the worst real wage growth of the OECD’s 38 member nations, lagging behind the United Kingdom, United States and Canada, exposing the federal government’s struggle to deliver on its election commitment to get real wages moving as inflation remains high.AUSTRAC Chief Executive Brendan Thomas says luxury goods, along with cash and real estate, are “highly effective” for laundering money.NDIS Minister Bill Shorten will ban sex workers from being accessed using NDIS funding.Investment chiefs from Australia’s biggest superannuation funds say they will not bankroll Opposition Leader Peter Dutton’s nuclear power plan.Follow my socials on:https://twitter.com/leongettlerhttps://www.instagram.com/leongettler/https://www.linkedin.com/in/leongettler/https://www.facebook.com/talkingbusinesspodcasthttps://business.google.com/dashboard/l/17460167277811417147?hl=en&gmbsrc=au-en-z-z-z-gmb-s-119-u~mhp-ns_hom_8-u&omec=EI_z6RYYASIBATIBATotZ21ic3JjPWF1LWVuLXotei16LWdtYi1zLTExOS11fm1ocC1uc19ob21fOC11QAFKEwjq4cCIj5D3AhXNnWMKHUB5Cqg%3Dhttps://www.youtube.com/c/LeonGettler/discussion?app=desktop

Goldman Sachs and Morgan Stanley are among those taking a fresh look at how a Donald Trump victory in November could play out in the bond market, urging clients to position for inflation & higher long-term bond yields.Bank for International Settlements warns central banks to avoid cutting interest rates too soon owing to the risk of a fresh flare-up in inflation.     Warnings that the pain of this economic downturn will be more widespread and hit consumers harder than the GFC, and the rise in company collapses may soon spread from small to large firms.A new report says artificial intelligence won’t destroy jobs but will create 200,000 news ones in Australia by 2030.The Australian Securities and Investments Commission has found that the construction sector remains by far the single largest category of insolvency.Follow my socials on:https://twitter.com/leongettlerhttps://www.instagram.com/leongettler/https://www.linkedin.com/in/leongettler/https://www.facebook.com/talkingbusinesspodcasthttps://business.google.com/dashboard/l/17460167277811417147?hl=en&gmbsrc=au-en-z-z-z-gmb-s-119-u~mhp-ns_hom_8-u&omec=EI_z6RYYASIBATIBATotZ21ic3JjPWF1LWVuLXotei16LWdtYi1zLTExOS11fm1ocC1uc19ob21fOC11QAFKEwjq4cCIj5D3AhXNnWMKHUB5Cqg%3Dhttps://www.youtube.com/c/LeonGettler/discussion?app=desktop

 Australia’s monthly inflation rate increased to its highest level in 2024 in the latest indication that the Reserve Bank won’t be cutting interest rates soon and might yet hike again.Woolworths and Coles face billion-dollar fines under stronger grocery codeThe Liberals are furious with Matt Kean after he rejected their claims for Nuclear Power. He is head of a new peak climate group.New research shows Australian households are saving much less than their global peers as mortgage repayments and tax bracket creep eat into disposable incomes .Pharmacists have labelled as “insulting” the Albanese government’s deal with the Greens to make pharmacies the sole supplier of vapes, saying they are not tobacconists or “garbage collectors”.Follow my socials on:https://twitter.com/leongettlerhttps://www.instagram.com/leongettler/https://www.linkedin.com/in/leongettler/https://www.facebook.com/talkingbusinesspodcasthttps://business.google.com/dashboard/l/17460167277811417147?hl=en&gmbsrc=au-en-z-z-z-gmb-s-119-u~mhp-ns_hom_8-u&omec=EI_z6RYYASIBATIBATotZ21ic3JjPWF1LWVuLXotei16LWdtYi1zLTExOS11fm1ocC1uc19ob21fOC11QAFKEwjq4cCIj5D3AhXNnWMKHUB5Cqg%3Dhttps://www.youtube.com/c/LeonGettler/discussion?app=desktop

"Yes, Everyone Really Is Sick a Lot More Often After Covid" It's not your imagination: Around the world, people really are getting sick more often than before the pandemic.The Reserve Bank of Australia keeps interest rates at 4.35% with potential hikes if inflation persists amid economic uncertainty, slow growth and federal and state government budget spending stoking inflation.The Albanese government will introduce laws to split the CFMEU and allow its manufacturing division to leave the union in response to John Setka’s war with the AFL over the past weekBupa Australia plan to open up to  health hubs providing GP services, allied health and pathology to  deliver flexible, convenient healthcare options for Australians and take pressure off EDs.One of Gil McLachlan's new jobs is at Blackstone, which advises Crown and where the chairman of private equity is his cousin. Potential conflicts aside, that, his other job is as CEO of Tabcorp so soon after leaving the AFL.    Follow my socials on:https://twitter.com/leongettlerhttps://www.instagram.com/leongettler/https://www.linkedin.com/in/leongettler/https://www.facebook.com/talkingbusinesspodcasthttps://business.google.com/dashboard/l/17460167277811417147?hl=en&gmbsrc=au-en-z-z-z-gmb-s-119-u~mhp-ns_hom_8-u&omec=EI_z6RYYASIBATIBATotZ21ic3JjPWF1LWVuLXotei16LWdtYi1zLTExOS11fm1ocC1uc19ob21fOC11QAFKEwjq4cCIj5D3AhXNnWMKHUB5Cqg%3Dhttps://www.youtube.com/c/LeonGettler/discussion?app=desktop

"Yes, Everyone Really Is Sick a Lot More Often After Covid" It's not your imagination: Around the world, people really are getting sick more often than before the pandemic.The Reserve Bank of Australia keeps interest rates at 4.35% with potential hikes if inflation persists amid economic uncertainty, slow growth and federal and state government budget spending stoking inflation.The Albanese government will introduce laws to split the CFMEU and allow its manufacturing division to leave the union in response to John Setka’s war with the AFL over the past weekBupa Australia plan to open up to  health hubs providing GP services, allied health and pathology to  deliver flexible, convenient healthcare options for Australians and take pressure off EDs.One of Gil McLachlan's new jobs is at Blackstone, which advises Crown and where the chairman of private equity is his cousin. Potential conflicts aside, that, his other job is as CEO of Tabcorp so soon after leaving the AFL. Follow my socials on:https://twitter.com/leongettlerhttps://www.instagram.com/leongettler/https://www.linkedin.com/in/leongettler/https://www.facebook.com/talkingbusinesspodcasthttps://business.google.com/dashboard/l/17460167277811417147?hl=en&gmbsrc=au-en-z-z-z-gmb-s-119-u~mhp-ns_hom_8-u&omec=EI_z6RYYASIBATIBATotZ21ic3JjPWF1LWVuLXotei16LWdtYi1zLTExOS11fm1ocC1uc19ob21fOC11QAFKEwjq4cCIj5D3AhXNnWMKHUB5Cqg%3Dhttps://www.youtube.com/c/LeonGettler/discussion?app=desktop

Peter Costello resigns. He is succeeded by Catherine West, a former Murdoch executive with Sky in the UK.The Chemist Warehouse-Sigma merger will give the company nearly half the market.Bain bids $1.83 billion for Bapcor amid market challenges.Bonza’s administrators sacks all staff as prospects for a sale dry up. Lion, one of the largest drinks groups in the world, intends shutting a craft brewery in inner Sydney that has been operating for 36 years. Rising costs, a shrinking beer market and consumer spending cutbacks have taken their toll.    Follow my socials on:https://twitter.com/leongettlerhttps://www.instagram.com/leongettler/https://www.linkedin.com/in/leongettler/https://www.facebook.com/talkingbusinesspodcasthttps://business.google.com/dashboard/l/17460167277811417147?hl=en&gmbsrc=au-en-z-z-z-gmb-s-119-u~mhp-ns_hom_8-u&omec=EI_z6RYYASIBATIBATotZ21ic3JjPWF1LWVuLXotei16LWdtYi1zLTExOS11fm1ocC1uc19ob21fOC11QAFKEwjq4cCIj5D3AhXNnWMKHUB5Cqg%3Dhttps://www.youtube.com/c/LeonGettler/discussion?app=desktop

Rupert Murdoch locks in his fifth marriage (and his molecular biologist wife her third marriage). Just the odds!Australia’s GDP growth for the March quarter was an anaemic 0.1%  So annual growth has slipped to 1.1%. Australia remains in a per capita recession as we have been since late 202Yoga instructors, martial artists and dog handlers have beaten some construction trades to a spot on the government’s draft priority skills list for migrants, despite the dire need for workers to tackle Australia’s housing crisis.Fair Work Commission warns that stalled productivity and falling profits in Australia’s retail and hospitality industries remain barriers to reversing the fall in real wages since the pandemicAustralian business failures tracking at the highest rate since the aftermath of the global financial crisis combined with mortgage and cost of living pressures are seeing a rapidly rising number of personal insolvencies.Follow my socials on:https://twitter.com/leongettlerhttps://www.instagram.com/leongettler/https://www.linkedin.com/in/leongettler/https://www.facebook.com/talkingbusinesspodcasthttps://business.google.com/dashboard/l/17460167277811417147?hl=en&gmbsrc=au-en-z-z-z-gmb-s-119-u~mhp-ns_hom_8-u&omec=EI_z6RYYASIBATIBATotZ21ic3JjPWF1LWVuLXotei16LWdtYi1zLTExOS11fm1ocC1uc19ob21fOC11QAFKEwjq4cCIj5D3AhXNnWMKHUB5Cqg%3Dhttps://www.youtube.com/c/LeonGettler/discussion?app=desktop