Talking Business with Leon Gettler

Australian GDP per capita has declined for a record 6th consecutive quarter.Australian health Department officials concede that private hospitals are uninvestable and more will close.Rupert Murdoch-owned firm REA Group weighs up bid for UK-based Rightmove.  Blackstone to acquire Australian data centre business AirTrunk. The world’s largest private equity group is betting on growth of artificial intelligence in Asia-Pacific region. Reports that the ultra-rich are buying up big and using shell companies to hide it.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 latest monthly CPI indicator came in lower at 3.5% in the 12 months to July. But energy subsidies are weighing on the index.As many as 1.6 million Australian households are now facing home insurance affordability stressThe Australian government is set to take a tougher approach to airlines and airports over flight delays under changes outlined in the aviation white paper. Jim Chalmers calls Peter Dutton ‘most divisive leader’ in modern Australian history from a main partyA new Senate inquiry will put 'big box retailers' like Bunnings, Chemist Warehouse and Amazon under the microscope by the end of the year.    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

Plummeting iron ore prices could cost the federal government $3 billion in revenue, which is likely to push Australia’s budget further into deficit this financial year. Federal police have been called in to investigate whether Regional Express’s former chairman amid increasingly bitter recriminations over the airline’s collapse late last month.New legislation to completely defang the CFMEU.Booktopia has been rescued out of administration by camera store digiDirecBanks are spending hundreds of millions each year to keep cash in the branches and they want you to know it.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

Bruce Daisley says Elon Musk should be arrested if it's proven that his actions incited recent riots in the UK. Daisley is a former senior executive at Twitter. Amid growing political tensions over cost-of-living pressures, RBA deputy governor Andrew Hauser slams those who claim to be sure of the way forward as “false prophets”Australian technology companies say job graduate readiness is at its lowest levels, with most believing 99% are not able to jump in and perform effectively after leaving university.The Albanese government plans to reduce the number of online gambling ads but it has exempted Google’s lucrative search engine. Wagering firms will still be able to buy “sponsored” results on some search terms.News Corp is dumping FoxtelFollow 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 

On Monday, the global stock markets were crashing (until they weren’t).  Market volatility is now the new trend, reminiscent of 1987 crash and the 2000 tech wreck.  Elon Musk sues Unilever and Mars for conspiring to boycott X and deprive it of revenue. When it gets to trial, he can explain to the judge why he told advertisers to “go f… the selves.”RBA rules out interest rate cuts for the next six months.You would think getting the Productivity Commission to analyse Ausrtalia’s struggles to build enough new homes would be the thing a smart government would do before boldly announcing a plan to build 1.2m new homes.Calls for a royal commission into the CFMEU, with the Business Council of Australia warning an administrator is “wholly inadequate” to investigate the union’s misconduct.  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

Kamala Harris is raising money in record breaking amounts.HUGE relief to the RBA Board. Australia’s Q2 headline CPI inflation in line with market expectations. The big surprise was trimmed mean inflation. It undershot expectations to come in at 3.9%, down from 4% in March.Rex officially goes into administration, regional routes still running.Australia’s top companies face lower profits this earnings seasonNew Workplace Relations Minister Murray Watt predicts it will take years for the CFMEU to fully reform itselfFollow 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

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