industrial production

The Aussie share market is eyeing a 0.3% lift at the open, which will be a nice addition to this week’s 2.3% gain. 

Following better than expected economic news, industrial production rose 5.4% in June quarter, much more than expected, spelling its biggest rise since 1959. Meanwhile New York manufacturing numbers came out, also much stronger than expected, showing the biggest gain since 2018. All of this supports the V-shape economic recovery.

What to watch today:

• It’s Aussie employment data day. 113,000 jobs are expected to be added in June, which could mark an encouraging recovery from the 228,000 jobs lost in May. On the flip side, the unemployment rate is also expected to rise to 7.4%.
• Later this evening U.S. retail sales data is out, which is expected to rise again.

Trading ideas:

• UBS increased Woodside Petroleum's (ASX:WPL) buy rating and price target to $27.00, seeing upside in its multi-billion dollar growth projects. Yesterday Woodside announced second quarter revenue fell 30% due to LNG prices, that was weaker than expected, which is why it’s shares fell 2.2% to $20.96.
• Bell Potter rose Afterpay’s (ASX:APT) price target to $83.00. APT confirmed its services will now be available in Apple Pay and Google Pay wallets.
• Bell Potter reiterated Senex Energy (ASX:SXY) as a buy, increasing its target to $0.35.

The United Nations calls the rise of antibiotic resistant bacteria the "the greatest and most urgent global risk," an epidemic that is projected to cost the world $100 trillion (TRILLION) and cause 10 million deaths per year by 2050. For a long time, it was thought that antibiotic resistance was only caused by misuse of these drugs in medicine, but in her book ""Big Chicken: The Incredible Story of How Antibiotics Created Modern Agriculture and Changed the Way the World Eats," author Maryn McKenna documents how drug-resistant bacteria are being spread through our food system. McKenna joins host Jenna Liut to discuss her research on how the excessive use of antibiotics in the poultry industry in particular helped give rise to this public health epidemic and what we can do now to ensure safer, healthier eating for ourselves and future generations.

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If the 1990s has taught us anything, we know that Kate Moss, Tom Brady, and Kermit the Frog certainly do! And that over 220 billion liters of fluid white milk was estimated to be consumed worldwide in 2016. Indeed, milk is one of those ubiquitous refrigerator staples available in vast quantities anywhere food is sold. And yet, despite its extreme popularity, author Mark Kurlansky refers to it as “the most argued over food in history.” In his new book, “Milk! A 10,000 Year Food Fracas,” Kurlansky demonstrates how dairy has framed cultural, genetic, medicinal and economic debates that have been raging for centuries - from the merits of breastfeeding to food safety regulations to the environmental impact of industrialized dairy farms. In this episode, Mark joins host Jenna Liut to unpack the human relationship to diary since we first started domesticating animals.

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This Mother's Day, Cathy is joined in-studio by Mark Kurlansky, best-selling author of 31 books including Salt and Cod. In his latest, Milk, Mark explores the ongoing debates around dairy consumption and production. Hear why this one food inspired so much disagreement throughout history.

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