Australian politics live: Joyce likens US public execution to ‘Roman amphitheatre’; Taylor says Labor ‘waging war’ against small business
Published . Updated .
Follow the day’s news live Get our breaking news email , free app or daily news podcast Labor not watering down 30% tax on discretionary trusts, says assistant treasurer The assistant treasurer, Daniel Mulino , says Labor is not watering down proposed changes to put a minimum 30% tax on discretionary trusts. We’re not watering this down. This is a very substantial review. This is about fairness in our tax system. It’s about trying to better align the taxes that people pay when they earn income through trusts versus when they earn income from working, from providing their labour. These are changes that have been called for by experts for decades. If we go back to major reviews in the 1970s and all the way through the Howard government, the Henry review, even the Abbott government’s review, these changes to trust taxation have been called for. I think he’s getting that from lots of corners. People are saying that the Liberal party needs to do better. The polls are showing that the Liberal party is at an all-time low. And so, things have to change. Because there’s something existential about the threat that I think the party now faces. Look, I certainly haven’t closed the door, but I don’t need to rush to a decision. The next election is 18 months away. Continue reading...
Directly affected
- PPLI People
Named in this report.
Indirectly affected
- LMT Lockheed Martin
Defense contractors get more work when conflict spending rises
- RTX RTX
Defense contractors get more work when conflict spending rises
- NOC Northrop Grumman
Defense contractors get more work when conflict spending rises
- GD General Dynamics
Defense contractors get more work when conflict spending rises
- ITA iShares U.S. Aerospace & Defense
A fund of aerospace and defense companies
- BA Boeing
Defense and aerospace orders move with conflict spending
- LHX L3Harris
Defense contractors get more work when conflict spending rises
- HII Huntington Ingalls
Shipyards benefit when naval spending rises
- XAR SPDR SERIES TRUST
Material security escalation can alter defense demand expectations and risk premia.
- DSMC DISTILLATE SMALL/MID CASH FLOW ETF
GA selected DSMC as a RELATED security because its canonical security name directly matches this event's themes: small. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
Price reaction, T-5 to T+3
Follow the day’s news live Get our breaking news email , free app or daily news podcast Labor not watering down 30% tax on discretionary trusts, says assistant treasurer The assistant treasurer, Daniel Mulino , says Labor is not watering d…
Source: The Guardian
IShares U.S. Aerospace & Defense ETF (ITA) compared with industrial stocks (XLI) since 12 Oct 2026
Since the first closing price after “Australian politics live: Joyce likens US public execution to ‘Roman amphitheatre’; Taylor says Labor ‘waging war’ against small business,” IShares U.S. Aerospace & Defense ETF (ITA) is +1.74%. The S&P 500 fund (SPY) is -1.47% over the same days, a +3.21% difference versus the market. industrial stocks (XLI) is -1.14%, a +2.89% difference versus that group of stocks.
| Company | When | Move | Status |
|---|---|---|---|
| BA | that day | -0.50% | final price |
| BA | the next day | -2.05% | final price |
| BA | two days later | -3.08% | final price |
| BA | three days later | -0.90% | final price |
| BA | three days earlier | -1.13% | final price |
| BA | five days earlier | +1.20% | final price |
| GD | that day | +1.14% | final price |
| GD | the next day | +0.35% | final price |
| GD | two days later | +0.99% | final price |
| GD | three days later | +1.70% | final price |
| GD | three days earlier | -1.46% | final price |
| GD | five days earlier | +0.12% | final price |
| Spdr Gold Trust (GLD) | that day | -0.63% | final price |
| Spdr Gold Trust (GLD) | the next day | -0.76% | final price |
| Spdr Gold Trust (GLD) | two days later | -2.24% | final price |
| Spdr Gold Trust (GLD) | three days later | -0.50% | final price |
| Spdr Gold Trust (GLD) | three days earlier | -2.27% | final price |
| Spdr Gold Trust (GLD) | five days earlier | -1.32% | final price |
| HII | that day | -0.20% | final price |
| HII | the next day | -2.61% | final price |
| HII | two days later | -0.05% | final price |
| HII | three days later | +1.02% | final price |
| HII | three days earlier | -1.48% | final price |
| HII | five days earlier | +0.73% | final price |
| IShares U.S. Aerospace & Defense ETF (ITA) | that day | -0.28% | final price |
| IShares U.S. Aerospace & Defense ETF (ITA) | the next day | -1.26% | final price |
| IShares U.S. Aerospace & Defense ETF (ITA) | two days later | -1.17% | final price |
| IShares U.S. Aerospace & Defense ETF (ITA) | three days later | +0.09% | final price |
| IShares U.S. Aerospace & Defense ETF (ITA) | three days earlier | -1.47% | final price |
| IShares U.S. Aerospace & Defense ETF (ITA) | five days earlier | +0.06% | final price |
Companies in defense around IShares U.S. Aerospace & Defense ETF (ITA)
Companies mentioned with this story
- ITA IShares U.S. Aerospace & Defense ETF
For “Australian politics live: Joyce likens US public execution to ‘Roman amphitheatre’; Taylor says Labor ‘waging war’ against small business,” IShares U.S. Aerospace & Defense ETF (ITA) is linked, with no stored direction, medium confidence. Reason on file: Material security escalation can alter defense demand expectations and risk premia
- XAR Spdr Series Trust
In “Australian politics live: Joyce likens US public execution to ‘Roman amphitheatre’; Taylor says Labor ‘waging war’ against small business,” Spdr Series Trust (XAR) is linked, with no stored direction, medium confidence. Reason on file: Material security escalation can alter defense demand expectations and risk premia
- DSMC Distillate Small/Mid Cash Flow Etf
For “Australian politics live: Joyce likens US public execution to ‘Roman amphitheatre’; Taylor says Labor ‘waging war’ against small business,” Distillate Small/Mid Cash Flow Etf (DSMC) is linked, with no stored direction, medium confidence. Reason on file: GA selected DSMC as a RELATED security because its canonical security name directly matches this event's themes: small. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- AFSM First Trust Active Factor Small Cap Etf
First Trust Active Factor Small Cap Etf (AFSM) is linked, with no stored direction, medium confidence in the 12 Oct 2026 story “Australian politics live: Joyce likens US public execution to ‘Roman amphitheatre’; Taylor says Labor ‘waging war’ against small business.” Reason on file: GA selected AFSM as a RELATED security because its canonical security name directly matches this event's themes: small. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- BSVO Ea Bridgeway Omni Small-Cap Value Etf
In “Australian politics live: Joyce likens US public execution to ‘Roman amphitheatre’; Taylor says Labor ‘waging war’ against small business,” Ea Bridgeway Omni Small-Cap Value Etf (BSVO) is linked, with no stored direction, medium confidence. Reason on file: GA selected BSVO as a RELATED security because its canonical security name directly matches this event's themes: small. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- CAFG Pacer Us Small Cap Cash Cows Growth Leaders Etf
For “Australian politics live: Joyce likens US public execution to ‘Roman amphitheatre’; Taylor says Labor ‘waging war’ against small business,” Pacer Us Small Cap Cash Cows Growth Leaders Etf (CAFG) is linked, with no stored direction, medium confidence. Reason on file: GA selected CAFG as a RELATED security because its canonical security name directly matches this event's themes: small. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- ESSC Eventide Small Cap Etf
Eventide Small Cap Etf (ESSC) is linked, with no stored direction, medium confidence in the 12 Oct 2026 story “Australian politics live: Joyce likens US public execution to ‘Roman amphitheatre’; Taylor says Labor ‘waging war’ against small business.” Reason on file: GA selected ESSC as a RELATED security because its canonical security name directly matches this event's themes: small. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- GLD Spdr Gold Trust
In “Australian politics live: Joyce likens US public execution to ‘Roman amphitheatre’; Taylor says Labor ‘waging war’ against small business,” Spdr Gold Trust (GLD) is linked, with no stored direction, medium confidence. Reason on file: Material security escalation can affect safe-haven and macro-risk proxies; this is a monitoring relationship, not a directional prediction
IShares U.S. Aerospace & Defense ETF (ITA) and the defense link
IShares U.S. Aerospace & Defense ETF (ITA) is the company in “Australian politics live: Joyce likens US public execution to ‘Roman amphitheatre’; Taylor says Labor ‘waging war’ against small business,” the 12 Oct 2026 Defense story.
For IShares U.S. Aerospace & Defense ETF (ITA), the reason on file says Material security escalation can alter defense demand expectations and risk premia
A second company, Spdr Series Trust (XAR), is listed for a different reason: Material security escalation can alter defense demand expectations and risk premia
Price levels for IShares U.S. Aerospace & Defense ETF (ITA)
DSMC traded between 41.62 and 44.07 across 20 sessions. The latest close on file is 43.73. ITA traded between 201.08 and 217.79 across 20 sessions. The latest close on file is 207.60. XAR traded between 216.28 and 245.40 across 20 sessions. The latest close on file is 223.20.
How strong the case is around IShares U.S. Aerospace & Defense ETF (ITA)
46 out of 100
“Australian politics live: Joyce likens US public execution to ‘Roman amphitheatre’; Taylor says Labor ‘waging war’ against small business” scores 46 out of 100. The score uses 1 sources, and 10 linked companies.