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Joe Biden to host Anthony Albanese at state dinner

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This all follows the two leaders meeting at the AUKUS announcement

Australian Prime Minister Anthony Albanese has reportedly received a presidential invitation to visit the U.S. before the end of the year.

The trip will likely include a state dinner hosted by Joe Biden for the Prime Minister in the White House.

Reports suggest the wheels are now in motion following last week’s AUKUS announcement with Biden and British Prime Minister Rishi Sunak in San Diego.

The full state visit for Albanese is part of moves to underline the closeness of Australia-U.S. ties on the international stage in the wake of the nuclear submarines deal.

A full U.S. Presidential state dinner for the Prime Minister is a rare honour and a huge event for Australian media.

It will be the first high-profile dinner hosted by a U.S. president for an Australian prime minister in four years, and only the third this century.

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Eisman identifies infrastructure as key investment opportunity

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Famed investor Steve Eisman, has shifted his focus to infrastructure, citing three main reasons.

 

The pandemic-induced shift towards onshore investment, the rise of AI necessitating data centre expansion, and the global push towards greener energy.

Eisman believes these trends offer a decade-long opportunity for investors, with Australia presenting ample opportunities for market participation.

Notable companies to consider for exposure include BlueScope and James Hardie Industries for building materials, Macquarie Technology and Goodman Group for data centres, and Worley, AGL Energy, and Origin Energy for electricity grid upgrades and green infrastructure.

However, Eisman cautions investors to approach utility investments carefully, considering their capital expenditure budgets in renewable energy and grid upgrades.

 

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Civil War cinema brings in the box office dollars

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Alex Garland’s film “Civil War” has made a significant impact at the box office, surpassing expectations with a $25.7 million opening weekend in North America.

Starring Kirsten Dunst, Wagner Moura, and Cailee Spaeny, the film explores a near-future scenario where California and Texas unite against a president’s authoritarian regime. Despite fictional elements, “Civil War” has sparked widespread discussion, with its themes resonating in today’s political climate. The film’s performance, coupled with positive reviews, suggests a promising trajectory in the coming weeks, bolstered by a relatively quiet release schedule.

You can catch the trailer here

 

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Oil likely to see hike following Iran’s Israel attack

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Global oil markets are poised for potential disruption as tensions escalate in the Middle East following Iran’s recent attack on Israel.

The attack, which targeted key infrastructure, has raised concerns about the stability of oil supplies in the region.

Experts predict that the incident could lead to a spike in oil prices as investors react to the heightened geopolitical risk. #ticker today #featured

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