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Speaker 1: To the markets. We're going to have a look at

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Speaker 1: the impact the US presidential debate had on markets shortly,

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Speaker 1: but first let's get an update on Fletcher Building. Shane

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Speaker 1: solely from Harbor Asset Management is with us A.

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Speaker 2: Shane, Hey, how are you going?

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Speaker 1: Very good? Thank you? So Fletcher's handed the hotel of

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Speaker 1: Disgui City hasn't.

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Speaker 2: Yes, it has? Yes. Yeah, And look, I think Fletchers

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Speaker 2: Building share throws up six percent today after really delivering

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Speaker 2: an outcome that we haven't seen for a while from Fletcher's,

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Speaker 2: which is actually delivering a project on and within a

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Speaker 2: time frame, within a within a budget. And certainly that's

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Speaker 2: been a bit of a bit of a boost. UNSA

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Speaker 2: blowout in costs something expected, and certainly there's a few

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Speaker 2: more hurdles for Fletcher's to clear, but this is a

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Speaker 2: positive that's certainly in the right direction.

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Speaker 1: Yeah, absolutely, Now okay, how did the markets react to

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Speaker 1: that debate?

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Speaker 2: Yeah, Look, it was a pretty interesting outcome as that

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Speaker 2: the day went by. Certainly the market side to price

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Speaker 2: and more potential for a Trump victory. Still very early

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Speaker 2: in the campaign. It's a long way Togo, but certainly

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Speaker 2: what investors we're focusing and on was the rests around

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Speaker 2: some of the Trump policies, particularly trade protections, and this

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Speaker 2: is the one where there's a lot of chat about

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Speaker 2: increasing tariff on Chinese inputs in particular, that would be

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Speaker 2: inflationary and potentially could trigger a broader trade war. Policies

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Speaker 2: about tax cuts, really embedding those existing text cuts permanently,

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Speaker 2: immigration restrictions, and unwinding some of the clean green energy

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Speaker 2: initiatives that have been put in place by the current

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Speaker 2: Democrat government. So look, a little way to go, but

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Speaker 2: soon it's put of Vesta's on the back foot, you know,

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Speaker 2: the weary about what those policy changes could do.

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Speaker 1: And what about the immigration restrictions, what would be the

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Speaker 1: impact of that if Trump was in.

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Speaker 2: Yeah, look, the focus is on undocumented workers. This is

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Speaker 2: potentially stagflationary. It potentially slows economic growth while increasing the

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Speaker 2: cost of labor and Cuminly, I think one of the

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Speaker 2: things that the Democrats can point to is, Hey, this

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Speaker 2: opening the borders up, letting people come on, which is

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Speaker 2: what the US is for decades, has actually been good

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Speaker 2: for the economy. Everybody's got a different perspective. I think

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Speaker 2: it's about the process, which is clearly what the Republican

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Speaker 2: Trump League government looked to tight up.

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Speaker 1: Yeah, interesting stuff, Shane, thank you very much, appreciate it.

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Speaker 1: Look forward to talking to you again. That's Shane Solly

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Speaker 1: of Harbor Asset Management. For more from Hither Duplessy Allen Drive,

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Speaker 1: listen live to news talks. It'd be from four pm weekdays,

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Speaker 1: or follow the podcast on iHeartRadio