Author: roymorgansocial

Bouris calling with a warning about Labor

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Original article by Simon Benson
The Australian – Page: 8 : 17-May-19

Wizard Home Loans founder Mark Bouris has attracted scrutiny from the Australian Electoral Commission for targeting voters via a robo-calling campaign. Bouris, who is not a candidate in the federal election, used automated phone calling technology to contact 200,000 households in marginal electorates. He warned that Labor’s proposed negative gearing and capital gains tax reforms would see house prices fall. Bouris has stressed that he was not acting on behalf of any political party.

CORPORATES
AUSTRALIAN ELECTORAL COMMISSION, AUSTRALIAN LABOR PARTY, WIZARD HOME LOANS, YELLOW BRICK ROAD HOLDINGS LIMITED – ASX YBR, LIBERAL PARTY OF AUSTRALIA

Not time to risk Labor: Morrison

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Original article by Joe Kelly
The Australian – Page: 9 : 17-May-19

Prime Minister Scott Morrison used his last major speech before the election to emphasise that voters want a government that they can trust and rely on. Addressing the National Press Club in Canberra, Morrison warned that Labor’s policies of increased taxes and government spending would stifle wages growth, dampen consumer confidence and impede economic growth. He said the Coalition’s policies will create 1.25 million jobs and 250,000 new small and medium enterprises.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY

Warning as housing stock piles up

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Original article by Ben Wilmot
The Australian – Page: 25 : 17-May-19

Data from CoreLogic shows that based on current rates of sales, housing supply across Australia’s capital cities is currently 5.3 months, up from 3.9 months a year ago. Meanwhile, Macquarie Equities says Reserve Bank data suggests that 2.5-3.5 per cent of house buyers with bank-issued mortgage loans are in negative equity following the downturn in the housing market. RiskWise Property Research CEO Doron Peleg says Labor’s proposed changes to the negative gearing and capital gains tax regimes would make residential property investment less attractive.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, MACQUARIE EQUITIES LIMITED, RESERVE BANK OF AUSTRALIA, RISKWISE PROPERTY RESEARCH, AUSTRALIAN LABOR PARTY, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, WESTPAC BANKING CORPORATION – ASX WBC, GRATTAN INSTITUTE, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY, STARR PARTNERS PTY LTD, MASTER BUILDERS AUSTRALIA INCORPORATED

Two-thirds of Australians think the ALP is set to win tomorrow’s Federal Election

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Original article by Roy Morgan
Market Research Update – Page: Online : 17-May-19

A special Roy Morgan SMS Poll conducted over the last few days shows a large majority of 66% of Australian electors think the ALP will win this week’s Federal Election compared to only 34% that think the L-NP Coalition will win. ALP supporters are particularly confident with 81% saying they think the ALP will win, while a bare majority of 53% of L-NP supporters think the L-NP will win. Greens supporters are even more confident about an ALP victory with 84% expecting an ALP victory while 64.5% of supporters of Independents/Others expect an ALP win. Young Australians are more confident of an ALP victory than their older peers with 80% of 18-24 year olds expecting an ALP victory compared to 74.5% of 25-34 year olds, 65% of 35-49 year olds, 61.5% of 50-64 year olds and 59% of those aged 65+ years old. Click here for full details

CORPORATES
MORGAN POLL, ROY MORGAN LIMITED, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN GREENS

Bob Hawke, Australia’s 23rd prime minister, dies aged 89

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Original article by
abc.net au – Page: Online : 17-May-19

Former prime minister Bob Hawke has been praised by both sides of politics following his death at the age of 89. Prime Minister Scott Morrison says Hawke served the nation with passion and courage, and had a unique ability to speak to all Australians. Opposition Leader Bill Shorten says Hawke was the labour movement’s "greatest son", while former prime minister Kevin Rudd has described Hawke as a "giant of Australian politics". Hawke was Australia’s long-serving Labor prime minister, and he had previously been president of the ACTU.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, ACTU, WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET

Rise in jobless lifts chance of rate cut

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Original article by David Rogers
The Australian – Page: 32 : 17-May-19

Financial markets have priced in a 64 per cent chance that the Reserve Bank of Australia will reduce the cash rate in June, after official data showed that the unemployment rate rose from five per cent to 5.2 per cent in April. However, George Tharenou of UBS still expects the central bank to leave interest rates on hold until July, preferring to wait for the next set of labour market data before taking action. Ben Jarman of JP Morgan forecasts a rate cut in August.

CORPORATES
RESERVE BANK OF AUSTRALIA, UBS HOLDINGS PTY LTD, JP MORGAN AUSTRALIA LIMITED, CITIGROUP PTY LTD, AUSTRALIAN BUREAU OF STATISTICS, STANDARD AND POOR’S ASX 200 INDEX

Don’t worry if house prices fall, says Bowen

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Original article by Turi Condon, Ben Packham, Greg Brown
The Australian – Page: 1 & 6 : 16-May-19

Property Council of Australia president Stephen Conry says the housing market is "fragile", and it is not the right time for Labor’s proposed changes to the negative gearing regime. Real Estate Institute of Australia president Adrian Kelly warns that the prices of existing properties will fall if Labor implements its reforms, while the Housing Industry Association’s chief economist Tim Reardon says housing rents will rise. Meanwhile, shadow treasurer Chris Bowen has downplayed concerns that homeowners may find themselves in negative equity, arguing that they will only incur a loss if they sell.

CORPORATES
PROPERTY COUNCIL OF AUSTRALIA LIMITED, THE REAL ESTATE INSTITUTE OF AUSTRALIA LIMITED, HOUSING INDUSTRY ASSOCIATION LIMITED, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, SQM RESEARCH PTY LTD

Advertising rules and blackouts are looking outdated

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Original article by Natasha Gillezeau
The Australian Financial Review – Page: 10 : 16-May-19

Political marketing expert Andrew Hughes has questioned why the pre-election advertising blackout has not been extended to social media. The ban on political advertising on broadcast TV and radio took effect at 12am on 16 May, but it does not apply to online media. Political science and lobbying expert George Rennie expects the blackout to benefit Labor more than the Coalition, noting that the latter is more reliant on traditional broadcast media to reach older voters. Catch-up TV services are also exempt from the blackout.

CORPORATES
AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, UNITED AUSTRALIA PARTY, AUSTRALIAN GREENS, ALLENS

Disney in Comcast deal to take control of hot property Hulu

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Original article by Joe Flint
The Australian – Page: 21 : 16-May-19

US media group Comcast has struck a deal to sell its one-third stake in streaming video service Hulu to Walt Disney Company. The deal could allow Disney to assume full ownership of Hulu in 2024. Hulu boasted more than 25 million subscribers in 2018, compared with just six million in 2014, and Disney has forecast that Hulu’s domestic operations will become profitable in fiscal 2023 or 2024. Disney plans to launch its own streaming service, which expected to target a different audience to Hulu.

CORPORATES
HULU LLC, WALT DISNEY COMPANY, COMCAST CORPORATION, NETFLIX INCORPORATED, 21ST CENTURY FOX INCORPORATED

PM’s final pitch: it’s not time

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Original article by Simon Benson
The Australian – Page: 1 & 6 : 16-May-19

Prime Minister Scott Morrison will address the National Press Club on 16 May; Labor’s tax policies and their impact on house values, renters and retirees will be a key focus of his speech. He has described the election as a "choice about aspiration", or higher taxes and increased government spending under Labor. Opposition leader Bill Shorten in turn says the election is a choice between "real change" or more of the "cuts and chaos" that have characterised the Coalition’s years in office.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIAN LABOR PARTY, LIBERAL PARTY OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA