Weekend reading & MB media appearances

International Reading:

• Donald Trump $250 bill would violate 1866 Congress law on sitting presidents – The Mirror
• Fox Business reporter delivers gut check on Trump economy: ‘Inflation is wiping out wages’ – Raw Story
• The Mother Of All Corruption: Why Trump isn’t bothering to hide his corruption – The Guardian
• The first inflation report under new Fed chief Kevin Warsh shows prices at highest in nearly 3 years – CBS News
• After Trump’s strategic defeat by Iran, gas is up 51% since February and Americans just started buying less of everything else – Fortune
• How baby boomers ended up paying for everything… forever. More parents are propping up their children long into adulthood – and at the cost to their retirement – Telegraph
• Microsoft data suggests using AI is more expensive than hiring people – Yahoo
• Fed’s favored inflation measure reaches highest level since 2023. – USA Today
• Iran War Lifts a Second Inflation Reading to Highest Level Since 2023 – NY Times
• Jamie Dimon said the American Dream was slipping away. JPMorgan just put $40 million on the table to fix it – Fortune
• Trump Board of Peace’s official Gaza fund is empty despite billions pledged, source says – France 24
• How the boomers screwed Europe. The huge rock ’n’ roll generation is sticking its few kids with the bill – The Economist
• Trump Hit With Dire Warning That He Could Spark Financial Crisis – Daily Beast
• Exxon warns oil inventories will hit dangerously low levels in weeks, forcing prices to shoot higher – CNBC

Local Reading:

• Modelling shows 90% of young Australians will be better off under Labor’s tax reforms – The Guardian
• Officeworks to offshore hundreds of Sydney and Melbourne jobs to India and Philippines – ABC
• Australia Post announces parcel delivery fees to increase – News.com.au
• One in 10 Australian teens relying on withdrawal method and half not using condoms as STIs rise – ABC
• Australians with disabilities copped the biggest cuts in the budget. Yet conservative media’s heart bleeds for the wealthy – The Guardian
• New NDIS eligibility rules will cut 241,000 participants from scheme in four years, documents reveal – The Guardian
• Federal government to sue 3M Australia over firefighting foam that contained PFAS – ABC
• Brisbane’s $3.6b Olympic stadium faces court challenge by residents – ABC
• No ‘plan B’ for submarines if AUKUS fails, says Defence Minister Richard Marles – ABC
• High stakes: who’s leading the fight against Labor’s CGT reform – and what’s in it for them? – The Guardian
• ‘Increasingly urgent’: Housing race now on as vendors rush to sell amid market decline – News.com.au
• Government pitches largest overhaul to unemployment system in decades – ABC
• Labor to announce easing of jobseeker mutual obligations requirements in major overhaul of employment system – The Guardian
• Number of new homes being completed in Auckland increased steadily over the March quarter – Interest.co.nz
• Making money from property, without the hassle of owning it – Interest.co.nz
• Budget 2026: Will Treasury’s rosy forecasts have a short shelf life? – Interest.co.nz
• RBNZ Governor says Reserve Bank ‘fully focused’ on inflation target – Interest.co.nz

MB Media Appearances:

Interview with Karl Stefanovic:

Last week’s Macro & the Mortgage Podcast with Catherine Cashmore:

Treasury of Common Sense with Luke Grant at Radio 2GB/4BC examines the main driver of the rental crisis and unpacks One Nation’s gas policy.

Treasury of Common Sense on Radio 2GB/4BC unpacks the latest CPI inflation data and explains why the RBA is almost certain to keep rates on hold at its June meeting.