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🗞️ Musk Kampf
Donald Trump made significant moves on his first day in office. You can find the full list of executive orders he signed here, but some of the most notable ones include:
Pick & Scroll News
January 22, 2025
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Good morning. Donald Trump made significant moves on his first day in office. You can find the full list of executive orders he signed here, but some of the most notable ones include:
An order to leave the World Health Organisation.
The Gulf of Mexico will now be the Gulf of America (in America anyway).
Electric vehicle targets have been revoked.
Only two genders will be recognised.
However, one of the biggest headlines was Elon Musk's accidental (we hope) crowd salute which looked...not great.
All the headlines and more below...
AUSTRALIAN NEWS
Victoria loses 20,000 rental properties in 18 months
Victoria's rental market has lost 20,000 properties over 18 months due to higher interest rates, new standards and taxes. LINK
Federal politicians are distributing $70M in community grants to secure local support before an election. LINK
Property listings in Sydney and Melbourne have increased by 50% year-on-year as sellers rush to offload homes. LINK
New bus safety regulations will require seatbelt reminders following the 2023 Hunter Valley tragedy. LINK
Businesses are struggling to demonstrate clear returns on AI investments whilst quantifying productivity gains. LINK
GLOBAL NEWS
Trump orders federal workers back to office, weakens job protections
COMPANY NEWS
Wesfarmers to wind down Catch business, transition fulfilment centres to Kmart
Wesfarmers will shut down its loss-making Catch marketplace in Q4 FY25 with $50-60M in one-off costs while transferring fulfilment centres to Kmart Group amid rising competition from Temu and Amazon. LINK
Westpac has reported strong regional business lending growth of 18% in VIC and 25% in TAS. LINK
HSBC's Australian business, valued at $4B, may be sold as part of global restructuring efforts. LINK
BHP has increased copper output by 10% while iron ore earnings have declined due to a 22% price drop amid Chinese property market challenges. LINK
Qantas has launched a 72-hour domestic sale with fares starting at $109 for travel periods in 2025. LINK
Hub24 has grown its funds under administration to $120.9B through $5.5B in net inflows and new distribution agreements. LINK
CHART OF THE DAY
Global defence spending 2016 vs 2024
ONE MORE SCROLL
Editor’s Pick: ‘We’re done’: owner of Walter White’s house in Breaking Bad puts it on market – for US$4 million.
Draft Pick: Novak Djokovic showcases generational ability to thrive in chaos after outduelling Carlos Alcaraz in Australian Open epic.
Odd Pick: Microsoft disguises Bing as Google to fool inattentive searchers.
TOGETHER WITH
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TRIVIA
Who wants to be a millionaire?
We revisit Who Wants to be a Millionaire, giving you the chance to win a million dollars of no value:
Question 1: $100
What is the currency of Japan?
A) Yen
B) Won
C) Yuan
D) Dollar
Question 2: $10,000
What is the capital city of Canada?
A) Toronto
B) Vancouver
C) Ottawa
D) Montreal
Question 3: $1,000,000
Which author wrote "The Silence of the Lambs"?
A) Stephen King
B) Dean Koontz
C) Thomas Harris
D) Robert Ludlum
Answers below
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