This is the Fear and 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.

1. ASX down for week

2. Leadership battles

3. CoStar buys Domain

4. Macquarie $3.7bn profit

5. QBE blasts taxes

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Friday 9 May 2025

The Liberal Party battles over its new leader, the Green loses its leader and the leader of Labor, Prime Minister Anthony Albanese, gets ready to swear in a new Cabinet.

And more, including:

• ANZ posts a flat profit
• Qantas is confident its order of new Boeing planes will arrive on time, notwithstanding the fears over global tariffs
• Woodside’s board faces angry shareholders
• Donald Trump’s big trade deal announcement

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And don’t miss the latest episode of How Do They Afford That? - a guide to living a more minimalist lifestyle. Get the episode from APPLE, SPOTIFY, or anywhere you listen to podcasts.

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The tie-up between Qatar Airways and Virgin Australia was supposed to increase competition, and reduce airfares for travellers. But as we enter the northern summer, and demand increases for flights to Europe, that hasn’t exactly happened yet. On the other hand - flights to the US are suddenly a lot more affordable.

Aviation commentator Geoffrey Thomas is founder and editor-in-chief of 42 Thousand Feet, and talks to Sean Aylmer about airfares, Qantas, Virgin, and which of the world's airlines are leading the way on going green.

Find out more: https://fearandgreed.com.au

See omnystudio.com/listener for privacy information.