Sean Elmer

All in caps, of course, Nadine.

Totally unacceptable.

All in caps.

That, of course, set the tone.

Then CSL News weighed on the ball.

It's not surprising the health care index was the worst performer.

Energy was the best.

The price of Brent pushed back above $105 a barrel.

The big drivers of the local market at the moment, tonight's budget, and the war in the Middle East, tonight's budget.

We'll find out more about that a little later, well, in a few hours' time.

In terms of the war in the Middle East, Donald Trump's visit to China from tomorrow through Friday, where he'll meet Xi Jinping, is critical.

Trump is likely to urge China not to support Iran, while Xi Jinping is likely to push for an end to hostilities.

Yeah, I think so.

People just don't have a home.

And that's really one of the biggest issues for the Australian economy and Australian society.

The big ticket tax item tonight outside housing will be the, well, it's part of the housing argument, axing the 50% capital gains tax discount for assets held for longer than 12 months.

Now, it will not start, sorry, the assets, anything bought after tonight will be included, but the new regime won't kick in until the 1st of July next year.

The new system, which is actually the old system, applies a capital gains tax discount after inflation is taken into account.

So if your home has gone from half a million to a million dollars over the past 10 years, under the current rules, you will get a 50% capital gains tax discount after

on the difference, the $500,000.