International Reading:

• Trump 2.0 is “Hoover 3.0.” GDP growth under Trump 1 was the worst since Hoover. But with tariffs, he’s now beating his own record. – Independent
• Social Security Predicted to Run Out of Money Sooner Due to Trump Bill – Newsweek
• Almost 90% Of Americans Are Worried About The Cost Of Groceries – Forbes
• Scott Bessent Admits Americans Pay for Trump’s Tariffs – Rolling Stone
• The Media’s Urge to Be “Fair” to Trump Is Killing the Republic – good article on tariffs – New Republic
• Toyota reports a 37% drop in profit, cuts its forecast due to Trump’s tariffs – AP News
• Trump fired the labor statistics chief and the markets shrugged. That’s concerning. – MSNBC
• AT&T CEO’s Memo Just Made It Official: Workplace Loyalty Is Dead – Business Insider
• China’s Exports Surged Again in July, but Not to America – NY Times
• As Trump’s tariffs kick in, economist breaks down inflation and recession warning signs – PBS

Local News:

• Australian students walk out of class, calling for sanctions on Israel – SBS
• Optus sued by privacy regulator in warning to Australian corporates to protect data or face fines – ABC
• Russia takes fight over cancellation of embassy near Parliament House to Australia’s high court – The Guardian
• Australia Worried By Trump Threat To Raise Pharma Tariffs 250% – Reuters
• ASX faces losing virtual monopoly as TPG bungle adds to a decade of woes – ABC
• Commitment to quality early childhood education and care is incompatible with the for-profit model – ABC
• Arts and media groups demand Labor take a stand against ‘rampant theft’ of Australian content to train AI – The Guardian
• Report reveals $441 million backlog of repairs for Queensland state schools – ABC
• Hundreds more CSIRO jobs on the chopping block as experts raise fears over impact on science – The Guardian
• Australia and the US are at odds on a plastics treaty, with last-ditch negotiations underway – ABC
• Card spending ‘generally more positive’ – ANZ – Interest.co.nz
• Treasury says $66 billion Covid-19 response shouldn’t be repeated – Interest.co.nz
• More rental properties available – asking rents declining – Interest.co.nz
• Asking prices tumbling on Trade Me Property – Interest.co.nz
• Weaker job market calls for two OCR cuts, BNZ says – Interest.co.nz

MB Media Appearances:

• Labor’s international student backflip a ‘farce’, as economist claims Albanese govt ‘selling migration and work rights’ – Exclusive interview with Sky News

Tax cuts won’t solve Australia’s productivity crisis

Bad news for Australian housing affordability

Labor lies again on immigration