AustralianSuper CIO Says He’s Unfazed By Trump’s Fed Attacks

Good morning, it's Paul-Alain Hunt here in frosty Melbourne. Move over Cabbage Patch Kids, the Labubu era is upon us — check out our new podcast to see what all the fuss is about. The ASX is set to open in the green this morning, but first here’s the latest headlines to get your Friday kickstarted.

Today’s must-reads:
• AustralianSuper interview
• Albanese speaks with Trump
• Social media ban

Keep calm and carry on: that’s the message from AustralianSuper CIO Mark Delaney, who has a far more sanguine outlook on President Trump’s attacks on the Federal Reserve and the US’s mounting debt pile than some of his peers. We spoke to Delaney yesterday — read the exclusive interview here.

Still no meeting, but PM Anthony Albanese had a “warm and constructive” phone call with Trump, he wrote in an X post. The two leaders talked about critical minerals, as well as their trade and economic relationship, Albanese wrote. Meanwhile, Australia and Japan are tightening their military and economic bonds.