This week’s must-watch videos:
UK energy expert Kathryn Porter delivers a warning for Australia:
Great explanation of the coming Super El Niño:
International Reading:
- Trump warned ‘once it’s gone, it’s gone’ as US has 43-day crude oil buffer – The Mirror
- Trump Brags He’s Taking ‘Billions of Barrels of Oil From Venezuela’ Because ‘To the Victor Belong the Spoils’ – Mediate
- Arizona’s Food Stamp Crisis Is Coming for the Rest of the U.S. – NY Times
- The Trump administration has doled out $100 billion in tariff refunds, but Americans are suing U.S. companies for not seeing a penny of the returns – Fortune
- Bidenomics Was More Successful Than People Think – The Atlantic
- Americans think Dems can handle economy better than GOP, new poll says – USA Today
- Locked out of housing, Gen Z and Millennials are building wealth in the stock market instead as they reach record high $3.1 trillion in holdings – Fortune
- Trump says gas will be down to $2 a gallon ‘pretty soon’ amid staggering oil profits – AOL
- As Social Security benefit cuts loom, Congress wades into the crisis — The Washington Post
- Bank of America spends $250 million a year on GLP-1 drugs for its employees, CEO says – CNBC
- Trump’s tariffs were supposed to boost American manufacturing, but the new levies are actually pushing some companies back to China – Fortune
- Britain in longest job slump since financial crisis, PMI shows – Straits Times
- Microsoft’s AI Sales Mostly Come From OpenAI, Disclosures Show – Yahoo
- The K-shaped economy isn’t dead yet – Business Insider
Local Reading:
- Big US-style trucks are killing more pedestrians in Australia – The Conversation
- Sydney’s bus driver shortage lured Brendan from New Zealand. He didn’t last long. – Stuff
- Facebook is paying controversial creators to produce rage-bait content – ABC
- Nearly 1,500 properties bought using first home buyers’ 5% deposit scheme converted into investments – The Guardian
- One Nation leader Pauline Hanson says she does not care if immigration cuts impact businesses – ABC
- Charity cyclist, 82, dies a day after 3,300 mile ride across Australia – BBC
- High court blocks plan to extract two Sydney Harbours’ worth of groundwater from the desert – The Guardian
- NAPLAN results a ‘national tragedy’ as one-third of students not meeting literacy and numeracy expectations – ABC
- Businesses, farmers to save on solar installations under renewable energy scheme expansion – ABC
- BOM launches independent review months after website disaster – News.com.au
- Labour wants to scrap Investment Boost as it unveils election policy for small businesses – Interest.co.nz
- ‘A meaningful improvement in the labour market is more of a 2027 story’ – ASB economist – Interest.co.nz
- Untapped youth labour increases as baby boomers experience strongest job growth – Interest.co.nz
- Prices rising twice as fast as wages – Interest.co.nz
MB Media Appearances:
This interview with Steve Austin from ABC Radio Brisbane unpacks the rumours surrounding Labor’s impending migration cuts.
This Treasury of Common Sense with Luke Grant on Radio 2GB/4BC dissects the Parliamentary Budget Office’s (PBO) dodgy modelling on immigration and asks why Treasury is running interference for the government on the economy.
This extract from last week’s Macro & the Mortgage Podcast with Catherine Cashmore unpacks the economic and social decline of Melbourne, Victoria, under the Andrews/Allan Labor government.
This interview with Phil O’Neil at Radio 2GB/4BC discusses the slated immigration cuts from the Albanese government, which are expected to be announced shortly.
