CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning
6/19/202646 min
This week, James and Anthony examine the government’s budget backdown, explain why Australia and the US’ Central Banks are talking about more rate rises and take a question on whether AI could change the way your super fund has to invest.
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Transcript preview
First 90 secondsJames Thomson· Host0:00
[upbeat music] The Australian Financial Review. [upbeat music] Hello, I'm James Thompson, senior Chanticleer columnist at The AFR. Welcome to our weekly news breakdown of all things business, finance, and markets. With me today, as always, it's my Chanticleer colleague, the so-called soccer expert who couldn't have been more wrong about the mighty Socceroos, it's Anthony McDonald. How are you, Anthony?
Anthony Macdonald· Host0:30
Never been happier to be wrong, James. Go Australia.
James Thomson· Host0:33
[laughs] Fantastic. Well, this week we examine the government's budget backdown, we explain why Australia and America's central banks are talking more about rate rises, and we take a question on whether AI could change the way your super fund has to invest.
Anthony Macdonald· Host0:52
James, as we record this morning, Friday morning, KPMG's getting brutally grilled at a parliamentary inquiry over its audit scandal. We're gonna do things a bit differently today because this is playing out in real time. We're gonna have a chat late on Friday just before we publish this podcast and bring you all of the drama from these hearings. Stick around for that later in the podcast.
James Thomson· Host1:15
Oh, can't wait, Anthony. All right. Elon Musk's rocket stock IPO, SpaceX, is still the biggest talking point in markets a week on from its float. The stock soared on listing, and it's been up three of its first five trading sessions.