US President Donald Trump has announced a stunning backflip on tariffs, pausing tariffs on many trading partners around the world.  The unexpected news caused an immediate surge on Wall Street. Sean Aylmer and Michael Thompson go through the announcement and what it means for markets and Australia and the uncertainty that remains.

US President Donald Trump has announced a stunning backflip on tariffs, pausing tariffs on many trading partners around the world.&nbsp; The unexpected news caused an immediate surge on Wall Street. Sean Aylmer and Michael Thompson go through the announcement and what it means for markets and Australia and the uncertainty that remains.

Five business news stories in five minutes, with journalists Sean Aylmer and Michael Thompson. When you remove the grey, you get your news quicker. Find out more at https://fearandgreed.com.au

Five business news stories in five minutes, with journalists <a href="https://www.linkedin.com/in/sean-aylmer-9922068/">Sean Aylmer</a> and <a href="https://www.linkedin.com/in/mcwthompson/">Michael Thompson</a>. When you remove the grey, you get your news quicker. Find out more at <a href="https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain=fearandgreed.com.au/">https://fearandgreed.com.au</a>

The business news you need, in just five minutes.

Fast Five by Fear and Greed

Five business news stories in five minutes, with journalists <a href="https://www.linkedin.com/in/sean-aylmer-9922068/">Sean Aylmer</a> and <a href="https://www.linkedin.com/in/mcwthompson/">Michael Thompson</a>. When you remove the grey, you get your news quicker. Find out more at <a href="https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain=fearandgreed.com.au/">https://fearandgreed.com.au</a>

Special edition: Trump pauses tariffs, markets surge

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/7dc6b5b9-3057-4488-b92a-b2ba0169db68/transcript

This is the Fear & Greed Afternoon Report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes.


ASX closes higher


CGT negotiations begin


Tuas dumps $1.5b deal


US backs Brisbane quantum company


Andrew under scrutiny

Join our free daily newsletter here.

This is the&nbsp;<a href="https://fearandgreed.com.au/">Fear &amp; Greed</a> Afternoon Report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes.
<ol>
<li aria-level="1">
ASX closes higher
</li>
<li aria-level="1">
CGT negotiations begin
</li>
<li aria-level="1">
Tuas dumps $1.5b deal
</li>
<li aria-level="1">
US backs Brisbane quantum company
</li>
<li aria-level="1">
Andrew under scrutiny
</li>
</ol>
Join our <a href="https://fearandgreed.com.au/newsletter-signup">free daily newsletter here</a>.

Fear & Greed Afternoon Report | 22 May 2026

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/3a6fa98a-eba7-489d-8c76-b452006e7f8e/transcript

Friday 22 May 2026

The top five business stories in five minutes, with Sean Aylmer and Michael Thompson.
Market rates surge on inflation fear
Rex boss admits misleading market
Price of gold falls
Xi meets Putin
Hay fever epidemic

Hit follow on the podcast so you don’t miss the latest news

Join our free daily newsletter here

And don’t miss the latest episode of How Do They Afford That? - how to entertain well (without overspending). Get the episode from APPLE, SPOTIFY, or anywhere you listen to podcasts.

Friday 22 May 2026
The top five business stories in five minutes, with Sean Aylmer and Michael Thompson.
<ol>
<li aria-level="1">Market rates surge on inflation fear</li>
<li aria-level="1">Rex boss admits misleading market</li>
<li aria-level="1">Price of gold falls</li>
<li aria-level="1">Xi meets Putin</li>
<li aria-level="1">Hay fever epidemic</li>
</ol>
Hit follow on the podcast so you don&rsquo;t miss the latest news
Join our free <a href="https://fearandgreed.com.au/newsletter-signup">daily newsletter here</a>
And don&rsquo;t miss the latest episode of&nbsp;<a href="https://fearandgreed.com.au/how-do-they-afford-that-sugar-mamma-canna-campbell/">How Do They Afford That?</a> - how to entertain well (without overspending). Get the episode from <a href="https://podcasts.apple.com/au/podcast/how-do-they-afford-that/id1644255235">APPLE</a>,<a href="https://open.spotify.com/show/1EW5WRlRh7MovSBNkk6dG8?si=b2203ec2fa934a14"> SPOTIFY</a>, or anywhere you listen to podcasts.

Fast Five | 22 May 2026

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/090729c4-86fa-4e6d-88f8-b45100bd4ab8/transcript

This is the Fear & Greed Afternoon Report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes.


ASX climbs 1.5pc


Nvidia revenue surges


ASIC launches action against Equity Trustees


Singtel wants to sell Optus stake


Airport hair removal bomb scare

Join our free daily newsletter here.

This is the&nbsp;<a href="https://fearandgreed.com.au/">Fear &amp; Greed</a> Afternoon Report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes.
<ol>
<li aria-level="1">
ASX climbs 1.5pc
</li>
<li aria-level="1">
Nvidia revenue surges
</li>
<li aria-level="1">
ASIC launches action against Equity Trustees
</li>
<li aria-level="1">
Singtel wants to sell Optus stake
</li>
<li aria-level="1">
Airport hair removal bomb scare
</li>
</ol>
Join our <a href="https://fearandgreed.com.au/newsletter-signup">free daily newsletter here</a>.

Fear & Greed Afternoon Report | 21 May 2026

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/0b9a7750-4888-465b-9d14-b45100714cdf/transcript

Special edition: Trump pauses tariffs, markets surge

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