Michael Thompson

Don't you think?

I think so.

Everyone jump in.

Yeah, well said.

Back in a moment with the rest of the day's business news.

Sean, Federal Treasurer Jim Chalmers yesterday told an investors conference that changes to capital gains tax and negative gearing will be good for productivity because they will shift investors away from established homes and into more productive activities.

He also suggested that there would ultimately be changes to the CGT rules, saying the government would soon release a policy position paper to deal with specific issues on CGT for small and startup businesses with a low or zero cost base.

Opposition leader Angus Taylor and frontbencher James Patterson have cut down a radical call by a Liberal MP to split up seats and effectively run in what would be maybe an informal right-wing coalition with One Nation.

Super Retail.

We haven't talked about Super Retail for a little while.

One of your favorites, isn't it?

Yeah.

Well, particularly Super Cheap Auto.

Yeah.

Only because they're very good at helping you with your windscreen wipers when you need to get them swapped over and you've got very few skills in that area.

Anyway, they own Super Cheap Auto, Rebel, BCF, MacPak.

Yesterday, they outlined a five-year strategy to increase the number of stores from 790 to more than 900.

Southern Cross Media, which is the owner of Seven Network and Triple M in the West Australian, is going to cut up to 300 jobs and target annual cost savings of $150 million after a sharp deterioration in advertising markets forced the media company to downgrade its 2026 fiscal year earnings outlook.

Turning to international news now, Sean, and the story that you've already told us you are most excited about, the Football World Cup kicking off this morning in North America.

It is already the largest betting market in the US ever, apart from the last presidential election, and there is still five weeks to go.