Australian politics live: Joyce likens US public execution to ‘Roman amphitheatre’; Pocock backs efforts to save swift parrot
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.
- WAR U.S. GLOBAL TECHNOLOGY AND AEROSPACE & DEFENSE ETF
GA selected WAR as a RELATED security because its canonical security name directly matches this event's themes: defense. 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
How far IShares U.S. Aerospace & Defense ETF (ITA) has moved since 12 Oct 2026
Since the first closing price after “Australian politics live: Joyce likens US public execution to ‘Roman amphitheatre’; Pocock backs efforts to save swift parrot,” 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 |
Who collects and who pays in defense
Companies mentioned with this story
- ITA IShares U.S. Aerospace & Defense ETF
IShares U.S. Aerospace & Defense ETF (ITA) 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’; Pocock backs efforts to save swift parrot.” Reason on file: Material security escalation can alter defense demand expectations and risk premia
- XAR Spdr Series Trust
For “Australian politics live: Joyce likens US public execution to ‘Roman amphitheatre’; Pocock backs efforts to save swift parrot,” 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
- WAR U.S. Global Technology And Aerospace & Defense Etf
U.S. Global Technology And Aerospace & Defense Etf (WAR) 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’; Pocock backs efforts to save swift parrot.” Reason on file: GA selected WAR as a RELATED security because its canonical security name directly matches this event's themes: defense. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- PPA Invesco Aerospace & Defense Etf
Invesco Aerospace & Defense Etf (PPA) 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’; Pocock backs efforts to save swift parrot.” Reason on file: GA selected PPA as a RELATED security because its canonical security name directly matches this event's themes: defense. 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’; Pocock backs efforts to save swift parrot,” 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
- TLT Ishares Tr
Ishares Tr (TLT) 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’; Pocock backs efforts to save swift parrot.” Reason on file: Material security escalation can affect safe-haven and macro-risk proxies; this is a monitoring relationship, not a directional prediction
- UUP Invesco DB US Dollar Index Bullish Fund
For “Australian politics live: Joyce likens US public execution to ‘Roman amphitheatre’; Pocock backs efforts to save swift parrot,” Invesco DB US Dollar Index Bullish Fund (UUP) 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
How defense news reaches IShares U.S. Aerospace & Defense ETF (ITA)
On 12 Oct 2026, “Australian politics live: Joyce likens US public execution to ‘Roman amphitheatre’; Pocock backs efforts to save swift parrot” is the story that connects IShares U.S. Aerospace & Defense ETF (ITA) to Defense.
The link for IShares U.S. Aerospace & Defense ETF (ITA) is this: Material security escalation can alter defense demand expectations and risk premia
Also listed, Spdr Series Trust (XAR): Material security escalation can alter defense demand expectations and risk premia
Dates in the story, and the IShares U.S. Aerospace & Defense ETF (ITA) price range
ITA traded between 201.08 and 217.79 across 20 sessions. The latest close on file is 207.60. WAR traded between 27.98 and 32.67 across 18 sessions. The latest close on file is 28.45. 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’; Pocock backs efforts to save swift parrot” scores 46 out of 100. The score uses 1 sources, and 7 linked companies.