Global business news, with live guests and contributions from Asia and the USA.
It's been a busy few weeks on Wall Street's financial market, as stock valuations are close to record levels. The S&P 500 index has hit a string of all-time peaks this month, while US corporate borrowing costs are nearing their lowest level in decades, and Nvidia became the first company worth $4 trillion. The United States Treasury has lifted sanctions on several individuals and companies accused of supplying arms to Myanmar's military regime, leading to an outcry by human rights groups. And with Donald Trump doing diplomacy on the golf course in Scotland—is doing business on the green a good thing? Throughout the program, Roger Hearing will be joined by two guests on opposite sides of the world—Gaby Castro-Fontoura, Director, Sunny Sky Solutions, who's in Punta Del Este, Uruguay, and Michael Janda, Business Editor, ABC News Australia, in Sydney.
President Donald Trump claims further renovation budget overruns, adding pressure on US Federal Reserve Chair Jerome Powell to lower interest rates. Roger Hearing hears a reaction from Loretta Mester, the former Cleveland Fed President. World’s largest fan convention, Comicon 2025 is kicking off in San Diego, which brings over $180 million into the city.
And as women’s football has been dominating the sporting agenda this week, both in Africa and Europe, we look at where women’s teams must compete for investment and coverage with the men. Throughout the program, Roger will be joined by two guests on opposite sides of the world—Alexander Kaufman, award-winning reporter and the author of the newsletter Field Notes on Substack, who's in New York, and Mehmal Sarfraz, journalist and analyst, normally based in Lahore but currently in California.
After the Japanese trade deal with the US, there are reports that an agreement with the European Union is very near.
Also, presenter Roger Hearing takes a look at how algae is damaging the fishing industry in Australia.
And Iran struggles under a heatwave that makes normal life impossible.