Weekend Reading and MB Media Appearances

International Reading:

• Dow jumps 700 points, oil tumbles as Trump cancels evening strikes against Iran: Live updates – CNBC
• Gen Z women won’t have their first child until 35 – Telegraph
• Trump’s war in Iran has wiped out 1.5 years of wage growth – EPI
• 20 House Republicans Break Ranks to Join Democrats in Passing Pro-Union Bill – Time
• Trump says U.S. will seize Iran’s Kharg Island and other ‘oil infrastructure points’ – CNBC
• The Trillion-Dollar Gamble: How Elon Musk Could Sacrifice SpaceX to Save Tesla – Substack
• ‘I love the inflation’: Trump is ‘not concerned’ about inflation hitting 4% for the first time since 2023. ‘The numbers were great’ – Fortune
• Oil executives warn White House that gas prices will get worse – Washington Post
• Dark Money Captured America and Hawaii Just Declared War on It – Fact Keepers
• Trump claims he tanked economy on purpose: ‘I love the inflation’ – Raw Story
• Trump says “I love the inflation” as approval rating sinks to record low – News Week
• Fresh off bond sale, Amazon borrows $17.5B from banks as AI spending continues – Tech Crunch
• We economists have done the maths: ‘growth’ is a doomed strategy – there is a better way – The Guardian
• US inflation tops 4% for first time in three years as oil prices jump – CNN
• How biodiversity loss could raise borrowing costs and deepen debt risks worldwide – Phys

Local Reading:

• If Australian datacentres are going to power the AI revolution, we deserve a fair return – The Guardian
• Australians face a ‘binary choice’ as One Nation soars, says Chalmers – ABC
• Richard Marles’s UK trip thrown into chaos after British counterpart John Healey resigns hours before AUKUS event – ABC
• Aukus is among Australia’s worst foreign policy decisions and requires ‘heroic’ optimism, Gareth Evans says – The Guardian
• New species found in Australia’s most ‘pristine’ marine parks – ABC
• BHP facing ‘historic’ strike as union members back industrial action in Port Hedland – ABC
• State and territory disability ministers lash federal government’s NDIS changes – ABC
• Woolworths to offshore hundreds of corporate jobs – ABC
• Tony Abbott backs One Nation preference deal and says Liberals can’t just be a ‘little less woke than Labor’ – The Guardian
• Australia has a growing homelessness problem. It took one man’s death to shine a light on it – ABC
• Barbeques Galore to close more than 60 stores, with hundreds of workers facing redundancy – ABC
• ‘We ain’t sending billions of dollars offshore’: PM talks NZ’s Paris Agreement targets – Interest.co.nz
• Winter could be a good time for prospective tenants to look for a rental property – Interest.co.nz
• Substantial drop in average asking prices on Trade Me Property over the last three months – Interest.co.nz
• Mortgage top ups accounted for nearly half of new mortgage approvals in April – Interest.co.nz

MB Media Appearances:

Interview with Chris Ulhmann at Sky News discusses Australia’s energy suicide, while Asia doubles down on coal and emissions.

Interview with Jason Matthews at Brisbane Radio 4BC discusses the outlook for interest rates now that CBA and NAB have forecast cuts. We also discuss the impact of the data centre boom on Australia’s energy system amid the planned closure of coal plants.

Interview with Peta Credlin at Sky News discusses the collapse in Australian clearance rates and the impacts on house prices arising from the recent federal budget.

Treasury of Common Sense on Radio 2GB/4BC discusses the energy dilemma pertaining to Australia’s data centre boom.

Last week’s Macro & the Mortgage Podcast with Catherine Cashmore from Landcycle Investor.