Welcome to Fear and Greed business news you can use today. The Albanezi government claims it can reach home building targets after Treasury advice said it's unlikely. By Minister Anthony Alberzi pushes Australia and China to work together on decarbonizing steel, and bitcoin surges hitting a new record, plus the Bureau of Statistics readies for the next five year survey and measle cases surge in the United States. It's Tuesday, the fifteenth of July twenty twenty five. I'm Adam Lang and good morning Sean Almer.

Welcome to Fear and Greed business news you can use today. The Albanezi government claims it can reach home building targets after Treasury advice said it's unlikely. By Minister Anthony Alberzi pushes Australia and China to work together on decarbonizing steel, and bitcoin surges hitting a new record, plus the Bureau of Statistics readies for the next five year survey and measle cases surge in the United States. It's Tuesday, the fifteenth of July twenty twenty five. I'm Adam Lang and good morning Sean Almer.

Good morning a Danski. I do believe you're in Canberra today. Fresh this morning, I would.

Good morning a Danski. I do believe you're in Canberra today. Fresh this morning, I would.

Imagine, so fresh and dark, very clear.

Imagine, so fresh and dark, very clear.

Skuys though, will you be going for your normal twenty k run that you've seen to do in the morning, so I hope.

Skuys though, will you be going for your normal twenty k run that you've seen to do in the morning, so I hope.

So meanwhile, let's get on with the main story this morning. The Albanezi government has been told by the Treasury that the budget cannot be fixed without raising taxes and cutting spending, and that its housing target is unachievable.

So meanwhile, let's get on with the main story this morning. The Albanezi government has been told by the Treasury that the budget cannot be fixed without raising taxes and cutting spending, and that its housing target is unachievable.

The advice, which the ABC obtained via a Freedom of information request, came after Labour's re election and what was the government's signature pledge to build one point two million homes over five years to address the housing crisis will not be met, it says treasure Jim Chalmers will need to find additional revenue and spending reductions to meet his objective of a sustainable budget. Improvements to the budget will need to come from economic growth, additional revenue and spending reductions, and tax should be raised as part of broader tax reform. The advice doesn't recommend which taxes should be raised, but suggests that Treasury canvasses in direct taxes and superannuation tax as possible targets. It also appears to favor lower taxes on companies to help boost investment, and on personal incomes to encourage workforce participation and give workers a fair go. Now. The information came from Treasury's Incoming Government Brief. It's called it Goes to the Incoming Government after the election went to mister Charmers and Housing Minister Clara O'Neill. Under freedom of information rules, media outlet's normally get a heavily redacted version, but basically Treasury appears to have mistakenly provided the ABC with a fuller than normal version with all this information.

The advice, which the ABC obtained via a Freedom of information request, came after Labour's re election and what was the government's signature pledge to build one point two million homes over five years to address the housing crisis will not be met, it says treasure Jim Chalmers will need to find additional revenue and spending reductions to meet his objective of a sustainable budget. Improvements to the budget will need to come from economic growth, additional revenue and spending reductions, and tax should be raised as part of broader tax reform. The advice doesn't recommend which taxes should be raised, but suggests that Treasury canvasses in direct taxes and superannuation tax as possible targets. It also appears to favor lower taxes on companies to help boost investment, and on personal incomes to encourage workforce participation and give workers a fair go. Now. The information came from Treasury's Incoming Government Brief. It's called it Goes to the Incoming Government after the election went to mister Charmers and Housing Minister Clara O'Neill. Under freedom of information rules, media outlet's normally get a heavily redacted version, but basically Treasury appears to have mistakenly provided the ABC with a fuller than normal version with all this information.

That is stunning and much to our benefit. Seawn, it was leaked yesterday. So what was the government's response.

That is stunning and much to our benefit. Seawn, it was leaked yesterday. So what was the government's response.

Federal treasure Jim Chalmers said he was relaxed about the league. He said the government had already said it needs to do more to hit its housing targets. He reckons he can achieve the target, or at least the government can achieve that target. Charmers said the government broadly would like to simplify the tax system. He wouldn't be drawn on the GST, but it just seems, based on his comments and things that the Prime Minister has said over the past couple of weeks, the gst's off the table. Charmers also said the government had conservatives assumptions on the price of iron ore, assuming iron ore prices stay around that one hundred US dollars a ton mark, which is where at the moment, that should help the budget bottom line. The treasure is heading to South Africa later in the week for the g twenty summit. He said that global economic conditions will be the primary influence on the local economy. He also called the current state of affairs I'll quote him extreme global economic uncertainty compounded by conflict and trade tensions around the world end quote.

Federal treasure Jim Chalmers said he was relaxed about the league. He said the government had already said it needs to do more to hit its housing targets. He reckons he can achieve the target, or at least the government can achieve that target. Charmers said the government broadly would like to simplify the tax system. He wouldn't be drawn on the GST, but it just seems, based on his comments and things that the Prime Minister has said over the past couple of weeks, the gst's off the table. Charmers also said the government had conservatives assumptions on the price of iron ore, assuming iron ore prices stay around that one hundred US dollars a ton mark, which is where at the moment, that should help the budget bottom line. The treasure is heading to South Africa later in the week for the g twenty summit. He said that global economic conditions will be the primary influence on the local economy. He also called the current state of affairs I'll quote him extreme global economic uncertainty compounded by conflict and trade tensions around the world end quote.

Sean Prime Minister Anthony Alberonizi, who is currently visiting China, talked up the partnership between Ossie iron ore miners and Chinese steelmakers yesterday, highlighting that Australian iron ore comprises about sixty percent of all all imports into China.

Sean Prime Minister Anthony Alberonizi, who is currently visiting China, talked up the partnership between Ossie iron ore miners and Chinese steelmakers yesterday, highlighting that Australian iron ore comprises about sixty percent of all all imports into China.

And that lead to a discussion about the need to decarbonize steel making. Steel making value chains are responsible for about seven to nine percent of global emissions, a big chunk of what's going into the air. Albernez. He said decarbonization of steel value chains presents an opportunity for Australia and China to progress long term economic interests. The Prime Minister mentioned Fortesqu's ambitious green Metals project, Hancock Prospecting's research projects in the low carbon processing technology, and collaborations between BHP RIO and Chinese firms. Mister Albernezi also agreed that the strong economic relationship between China and Australia can improve peace instability in the region. The PM will be meeting President Jijing Pin today. That's at least the plan at this point. Decarbonization and free trade are two main areas of interest. He wants to discuss.

And that lead to a discussion about the need to decarbonize steel making. Steel making value chains are responsible for about seven to nine percent of global emissions, a big chunk of what's going into the air. Albernez. He said decarbonization of steel value chains presents an opportunity for Australia and China to progress long term economic interests. The Prime Minister mentioned Fortesqu's ambitious green Metals project, Hancock Prospecting's research projects in the low carbon processing technology, and collaborations between BHP RIO and Chinese firms. Mister Albernezi also agreed that the strong economic relationship between China and Australia can improve peace instability in the region. The PM will be meeting President Jijing Pin today. That's at least the plan at this point. Decarbonization and free trade are two main areas of interest. He wants to discuss.

Sean alongside this. How did local markets perform yesterday?

Sean alongside this. How did local markets perform yesterday?

There's in pasx two hundred closed down ever so slightly to eight thousand, five hundred and seventy points. The banks were mixed so to the big miners, almost like the investors are on school holidays. At the moment. It's a pretty good day for the gold stocks. In the back of the geo political uncertainty, Northern Star, Newmont and Evolution Mining all rows. That same uncertainty hurt some of the mid cap textoks, Zip Appen Block, they all fell.

There's in pasx two hundred closed down ever so slightly to eight thousand, five hundred and seventy points. The banks were mixed so to the big miners, almost like the investors are on school holidays. At the moment. It's a pretty good day for the gold stocks. In the back of the geo political uncertainty, Northern Star, Newmont and Evolution Mining all rows. That same uncertainty hurt some of the mid cap textoks, Zip Appen Block, they all fell.

Sean Bitcoin has not yet another record, pushing beyond US one hundred and twenty thousand dollars a unit. This is incredible.

Sean Bitcoin has not yet another record, pushing beyond US one hundred and twenty thousand dollars a unit. This is incredible.

Yes, it certainly has plenty of friends out there. At the moment, it's now training around one hundred and eighty thousand Ossie dollars a unit. Pretty amazing. It's up nearly sixty percent since it's low in April, eighty seven percent over the past year. Overnight, the US House of Representatives were set to debate a series of bills to provide the digital asset industry with a national regulatory framework, which advocates for the currency have long wanted. Helping is the fact that Donald Trump has called himself the crypto President. Of course, Bitcoin's renewed momentum has also spilled over to smaller tokens, with ether, XRP and Solana au rising.

Yes, it certainly has plenty of friends out there. At the moment, it's now training around one hundred and eighty thousand Ossie dollars a unit. Pretty amazing. It's up nearly sixty percent since it's low in April, eighty seven percent over the past year. Overnight, the US House of Representatives were set to debate a series of bills to provide the digital asset industry with a national regulatory framework, which advocates for the currency have long wanted. Helping is the fact that Donald Trump has called himself the crypto President. Of course, Bitcoin's renewed momentum has also spilled over to smaller tokens, with ether, XRP and Solana au rising.

If you want to keep on top of all of these stats and the information on cryptos, sign up to the newsletter now go to our website. Sign up. You'll get that newsletter in your inbox every weekday. We'll be back in a moment with the rest of the day's business news. Sean. The first census questions on sexual orientation and gender will be sent out to sixty thousand households as part of a practice version of the twenty twenty six nationwide serve.

If you want to keep on top of all of these stats and the information on cryptos, sign up to the newsletter now go to our website. Sign up. You'll get that newsletter in your inbox every weekday. We'll be back in a moment with the rest of the day's business news. Sean. The first census questions on sexual orientation and gender will be sent out to sixty thousand households as part of a practice version of the twenty twenty six nationwide serve.

The Bureau of Statistics said the homes have been chosen to take part in a census on August five to make sure the real event runs without incident. Now the real event is next year. It will include questions so that the test event will include questions which hopefully run in the real event, and they include things about sexual orientation and gender for people over at sixteen. The abs SAT homes in Melbourne Perth, as well as locations in Regional Queensland, New South Wales and Western Australia were chosen for the voluntary test run. The Census is a nationwide count of household information is conducted every five years. Basically provides a snapshot of Australia's population and helps inform government decisions about spending, resource allocation and policy development.

The Bureau of Statistics said the homes have been chosen to take part in a census on August five to make sure the real event runs without incident. Now the real event is next year. It will include questions so that the test event will include questions which hopefully run in the real event, and they include things about sexual orientation and gender for people over at sixteen. The abs SAT homes in Melbourne Perth, as well as locations in Regional Queensland, New South Wales and Western Australia were chosen for the voluntary test run. The Census is a nationwide count of household information is conducted every five years. Basically provides a snapshot of Australia's population and helps inform government decisions about spending, resource allocation and policy development.

Sean bidders for Abacus Storage king I've upped their offer for the group by almost fifteen percent to two point two billion dollars.

Sean bidders for Abacus Storage king I've upped their offer for the group by almost fifteen percent to two point two billion dollars.

Tell us about that, Well, it's enough to convince the ASX listed company's board to open the books to the bidders now. Those bidders are led by a South African businessman and a Wall Street listed company. In April, Abicus rejected a dollar forty seven security bid, saying it's port Foiholio is valued at dollars seventy three. The latest offer is about a dollar sixty five. I think it closed last night at about a buck fifty six or thereabouts. Apicus owns two hundred and ten self storage sites in Australia and New Zealand. Adding to the intrigue, another storage operator ASX listed National Storage rate actually owns nine percent of Abicus. It owned just under five percent when the bid was made in April by the offshore guy's National Storage Up. It's increased to nine percent. We're going to hear a lot more about this one.

Tell us about that, Well, it's enough to convince the ASX listed company's board to open the books to the bidders now. Those bidders are led by a South African businessman and a Wall Street listed company. In April, Abicus rejected a dollar forty seven security bid, saying it's port Foiholio is valued at dollars seventy three. The latest offer is about a dollar sixty five. I think it closed last night at about a buck fifty six or thereabouts. Apicus owns two hundred and ten self storage sites in Australia and New Zealand. Adding to the intrigue, another storage operator ASX listed National Storage rate actually owns nine percent of Abicus. It owned just under five percent when the bid was made in April by the offshore guy's National Storage Up. It's increased to nine percent. We're going to hear a lot more about this one.

Sean Diversified minus South thirty two has put its production guidance under review, flagging an unquantified expense on its Moses aluminium smelter in Mozambique.

Sean Diversified minus South thirty two has put its production guidance under review, flagging an unquantified expense on its Moses aluminium smelter in Mozambique.

The problem here is getting energy to the mine. So electricity is supplied to MASL under an agreement due to expire in March next year. Historically, the majority of the electricity for MASL has been generated in Mozambiak by a hydro electric power generation which is majority owned by the Mozambacon government. Negotiations on that seem to have stalled. They're looking obviously South thirty two wants affordable power after March next year. It just seems that he's not confident that negotiations as they stand again to get it that way. Therefore made that warning. Yesterday. South thirty two share price for more than five percent Sean.

The problem here is getting energy to the mine. So electricity is supplied to MASL under an agreement due to expire in March next year. Historically, the majority of the electricity for MASL has been generated in Mozambiak by a hydro electric power generation which is majority owned by the Mozambacon government. Negotiations on that seem to have stalled. They're looking obviously South thirty two wants affordable power after March next year. It just seems that he's not confident that negotiations as they stand again to get it that way. Therefore made that warning. Yesterday. South thirty two share price for more than five percent Sean.

Yesterday there were quite a few bits and pieces of corporate news around Drone Shield will invest a thirteen million dollars sum in a major new research, development and manufacturing facility, and that is triple the size of its current facility.

Yesterday there were quite a few bits and pieces of corporate news around Drone Shield will invest a thirteen million dollars sum in a major new research, development and manufacturing facility, and that is triple the size of its current facility.

That pushed its share price up as much as twelve percent yesterday to a record high. Retailer City Chic Collective said it will make a profit for the last financial year after losing money the previous year, but the forecast bottom line disappointed at investors. Its share price closed down one percent, and some technologies upgraded its underlying profit outlooks, sending its share price up eleven percent. Coal minor Bowen Cochin resumed trading on the AX after a three week suspension sparked by growing concerns about its liquidity. Its share price closed up four percent, and finally, mcquarie Technology Group said its Data center arm had entered into an option to purchase a parcel of land for a new data center campus in Sydney. It's share price jump ten percent, the best of the top two hundred yesterday.

That pushed its share price up as much as twelve percent yesterday to a record high. Retailer City Chic Collective said it will make a profit for the last financial year after losing money the previous year, but the forecast bottom line disappointed at investors. Its share price closed down one percent, and some technologies upgraded its underlying profit outlooks, sending its share price up eleven percent. Coal minor Bowen Cochin resumed trading on the AX after a three week suspension sparked by growing concerns about its liquidity. Its share price closed up four percent, and finally, mcquarie Technology Group said its Data center arm had entered into an option to purchase a parcel of land for a new data center campus in Sydney. It's share price jump ten percent, the best of the top two hundred yesterday.

Sean It's been another big twenty four hours. In international news, the fallout from Donald Trump's announcement of tariffs on the European Union continues with a German Chancellor, Friedrich Mertz saying thirty percent tariffs would hit exporters in Europe's largest economy to the core.

Sean It's been another big twenty four hours. In international news, the fallout from Donald Trump's announcement of tariffs on the European Union continues with a German Chancellor, Friedrich Mertz saying thirty percent tariffs would hit exporters in Europe's largest economy to the core.

Mertz is hoping to find a negotiated solution in coming weeks. He said. If the tariffs are introduced, they will overshadow domestic policy in Germany's government may you need to postpone parts of its own policy efforts. The European Union will extend the suspension of trade counter measures against the US until August one, in the hope that further talks will kind of come to some sort of arrangement between the EU and the US. However, according to Italy's foreign minister, the EU has already prepared a list of tariffs on US goods if the two regions fail to reach a deal. Meanwhile, Bloomberg is reporting that the EU will step up its engagement with other countries hit by US tariffs. Both Canada and Japan are included in those plans.

Mertz is hoping to find a negotiated solution in coming weeks. He said. If the tariffs are introduced, they will overshadow domestic policy in Germany's government may you need to postpone parts of its own policy efforts. The European Union will extend the suspension of trade counter measures against the US until August one, in the hope that further talks will kind of come to some sort of arrangement between the EU and the US. However, according to Italy's foreign minister, the EU has already prepared a list of tariffs on US goods if the two regions fail to reach a deal. Meanwhile, Bloomberg is reporting that the EU will step up its engagement with other countries hit by US tariffs. Both Canada and Japan are included in those plans.

Shwn measles in the US, the number of reported measles cases in the US has reached a thirty three year high, with nearly thirteen hundred confirmed infections across the country, marking a new milestone in the outbreak of the highly contagious and vaccine preventable disease.

Shwn measles in the US, the number of reported measles cases in the US has reached a thirty three year high, with nearly thirteen hundred confirmed infections across the country, marking a new milestone in the outbreak of the highly contagious and vaccine preventable disease.

The John Hopkins University data shows measles cases have been reported in thirty eight states and the District of Columbia this year. At least three people have died from the illness. One hundred and fifty five others were in hospital. A vast majority of the measle cases ninety two percent, wherein people who were either unvaccinated or whose vaccination status was unknown, according to the Center for Disease Control. The outbreak comes as anti vaccine sentiment in the US and elsewhere has grown in recent years. Health Secretary Robert F. Kennedy Junior had previously spread misinformation about childhood vaccinations and had minimized the outbreak. He later endorsed the measles months and rubella vaccine as the illness spread, saying in a post on x that it is the most effective way to prevent the spread of measles.

The John Hopkins University data shows measles cases have been reported in thirty eight states and the District of Columbia this year. At least three people have died from the illness. One hundred and fifty five others were in hospital. A vast majority of the measle cases ninety two percent, wherein people who were either unvaccinated or whose vaccination status was unknown, according to the Center for Disease Control. The outbreak comes as anti vaccine sentiment in the US and elsewhere has grown in recent years. Health Secretary Robert F. Kennedy Junior had previously spread misinformation about childhood vaccinations and had minimized the outbreak. He later endorsed the measles months and rubella vaccine as the illness spread, saying in a post on x that it is the most effective way to prevent the spread of measles.

Sean immediately after the show, we'd love everyone to keep listening for your chat with Jocelyn Martin, who's the managing director of the Housing Industry Association.

Sean immediately after the show, we'd love everyone to keep listening for your chat with Jocelyn Martin, who's the managing director of the Housing Industry Association.

Very timely because it comes on the back of the discussion between Jim Chalmers and the Treasury advice about whether or not Australia can reach that one point two million homes over five years starting from this year this calendar year. Join basically says no, we can't, and we go through some of the reasons we can't, but what could make it difference and she's very frank upfront about what the government needs to do and what the industry needs to do. So it's certainly well worth.

Very timely because it comes on the back of the discussion between Jim Chalmers and the Treasury advice about whether or not Australia can reach that one point two million homes over five years starting from this year this calendar year. Join basically says no, we can't, and we go through some of the reasons we can't, but what could make it difference and she's very frank upfront about what the government needs to do and what the industry needs to do. So it's certainly well worth.

A listen, frank and direct.

A listen, frank and direct.

We need that we do, Adam, We do always. Thank you, Sean, Thanks Adam.

We need that we do, Adam, We do always. Thank you, Sean, Thanks Adam.

It's Tuesday, the fifteenth of July twenty twenty five. Make sure you're following this podcast. Join us online on LinkedIn, Instagram, Pecks, TikTok and Facebook, and please have a great day.

It's Tuesday, the fifteenth of July twenty twenty five. Make sure you're following this podcast. Join us online on LinkedIn, Instagram, Pecks, TikTok and Facebook, and please have a great day.