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.

Business news you can use. A daily business news podcast with journalists Sean Aylmer and Michael Thompson. Find out more at https://fearandgreed.com.au

Business news you can use. A daily business news podcast with journalists <a href="https://www.linkedin.com/in/sean-aylmer-9922068/" data-saferedirecturl="https://www.google.com/url?q=https://www.linkedin.com/in/sean-aylmer-9922068/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw0wu3ezGEfBZFYspJbTTaYL">Sean Aylmer</a>&nbsp;and&nbsp;<a href="https://www.linkedin.com/in/mcwthompson/" data-saferedirecturl="https://www.google.com/url?q=https://www.linkedin.com/in/mcwthompson/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw08pZ8jZ88rHJgCfbHkTr5k">Michael Thompson</a>.&nbsp;Find out more at&nbsp;<a href="https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain=fearandgreed.com.au/" data-saferedirecturl="https://www.google.com/url?q=https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain%3Dfearandgreed.com.au/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw1DLq_FuqjEt3HC-ZK1704H">https://fearandgreed.com.au</a>

Fear and Greed is Australia's most popular business podcast.

FEAR & GREED | Business News

Daily business news for people who make their own decisions, with business journalist Sean Aylmer and Michael Thompson. Find out more at https://fearandgreed.com.au

Daily business news for people who make their own decisions, with business journalist <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>. 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/7b3c4057-4a56-4561-82df-b2ba0168e264/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 ends lower
Runway near collision


Steadfast to leave ASX


ARN loss on Kylie, Jackie O implosion


Walmart slumps

Join our free daily newsletter here.

This is the <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 ends lower
</li>
<li aria-level="1">Runway near collision</li>
<li aria-level="1">
Steadfast to leave ASX
</li>
<li aria-level="1">
ARN loss on Kylie, Jackie O implosion
</li>
<li aria-level="1">
Walmart slumps
</li>
</ol>
Join our <a href="https://fearandgreed.com.au/newsletter-signup">free daily newsletter here</a>.

Afternoon Report | Higher oil price hits ASX

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/322592ca-130c-4926-93d1-b4ad006d28e1/transcript

Friday 21 August 2026

Unemployment rises as bond markets pare back the chance of a rate hike. 
The Aussie dollar pushes above 71 US cents
Federal parliament passes legislation that will force big tech companies to pay hundreds of millions of dollars to local media organisations
The football World Cup both helps, and hurts, ASX listed companies
A promising new treatment for melanoma

 

Hit follow on the podcast so you don’t miss the latest news, and join our free daily newsletter here. 

 

And don’t miss the latest episode of How Do They Afford That?- ten purchases that actually save you money. Get the episode from Apple, Spotify or anywhere you listen to podcasts.

Friday 21 August 2026
Unemployment rises as bond markets pare back the chance of a rate hike.&nbsp;
<ul>
<li aria-level="1">The Aussie dollar pushes above 71 US cents</li>
<li aria-level="1">Federal parliament passes legislation that will force big tech companies to pay hundreds of millions of dollars to local media organisations</li>
<li aria-level="1">The football World Cup both helps, and hurts, ASX listed companies</li>
<li aria-level="1">A promising new treatment for melanoma</li>
</ul>
&nbsp;
Hit follow on the podcast so you don&rsquo;t miss the latest news, and join our free <a href="https://fearandgreed.com.au/newsletter-signup">daily newsletter here</a>.&nbsp;
&nbsp;
And don&rsquo;t miss the latest episode of <a href="https://fearandgreed.com.au/how-do-they-afford-that-sugar-mamma-canna-campbell/">How Do They Afford That?</a> - ten purchases that actually save you money. 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.

Unemployment rises; football World Cup hits earnings; breakthrough melanoma treatment

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/813a191f-eeb6-4c1f-9db4-b4ac00b80b2e/transcript

Atlassian is one of Australia’s great business success stories. Mike Cannon-Brookes and Scott Farquhar built a software giant that at one point was worth more than $115 billion. But behind the extraordinary growth, their friendship and business partnership was coming under increasing strain.

Sean Aylmer speaks with business journalist John Stensholt, co-author with Perry Williams of the new book Tech Bros, about the inside story of Atlassian, the founders’ “year of not talking”, the role billions of dollars played in changing their relationship, and why partnerships between two highly driven founders can be so difficult to sustain.

Tech Bros is available now.

Atlassian is one of Australia&rsquo;s great business success stories. Mike Cannon-Brookes and Scott Farquhar built a software giant that at one point was worth more than $115 billion. But behind the extraordinary growth, their friendship and business partnership was coming under increasing strain. Sean Aylmer speaks with business journalist John Stensholt, co-author with Perry Williams of the new book Tech Bros, about the inside story of Atlassian, the founders&rsquo; &ldquo;year of not talking&rdquo;, the role billions of dollars played in changing their relationship, and why partnerships between two highly driven founders can be so difficult to sustain. <a href="https://www.google.com/url?q=https://harpercollins.com.au/products/9781460719824&amp;sa=D&amp;source=calendar&amp;ust=1787656759500881&amp;usg=AOvVaw3nPw_pfWSd8Scu33EwpMWV">Tech Bros is available now</a>.

Q+A: What broke the Atlassian partnership?

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/b455ce0b-9282-492e-ae24-b4ac00b80a4e/transcript

Special edition: Trump pauses tariffs, markets surge

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