Politics live: Ryan ‘not bothered’ by possible Frydenberg return; Lambie accuses Labor of ‘financial coercion’ over FOI
Published . Updated .
Follow the day’s news live Get our breaking news email , free app or daily news podcast Labor not watering down trust tax bill, says Mulino 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.
- FAS DIREXION DAILY FINANCIAL BULL 3X ETF
GA selected FAS as a RELATED security because its canonical security name directly matches this event's themes: financial. 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 trust tax bill, says Mulino The assistant treasurer, Daniel Mulino , says Labor is not watering down proposed changes to put a…
Source: The Guardian
IShares U.S. Aerospace & Defense ETF (ITA) compared with industrial stocks (XLI) since 11 Oct 2026
Since the first closing price after “Politics live: Ryan ‘not bothered’ by possible Frydenberg return; Lambie accuses Labor of ‘financial coercion’ over FOI,” IShares U.S. Aerospace & Defense ETF (ITA) is +0.73%. The S&P 500 fund (SPY) is -1.47% over the same days, a +2.20% difference versus the market. industrial stocks (XLI) is -1.43%, a +2.15% 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 |
IShares U.S. Aerospace & Defense ETF (ITA) on one side of this defense story
Companies carried with this story
- ITA IShares U.S. Aerospace & Defense ETF
In “Politics live: Ryan ‘not bothered’ by possible Frydenberg return; Lambie accuses Labor of ‘financial coercion’ over FOI,” 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
Spdr Series Trust (XAR) is linked, with no stored direction, medium confidence in the 11 Oct 2026 story “Politics live: Ryan ‘not bothered’ by possible Frydenberg return; Lambie accuses Labor of ‘financial coercion’ over FOI.” Reason on file: Material security escalation can alter defense demand expectations and risk premia
- FAS Direxion Daily Financial Bull 3X Etf
For “Politics live: Ryan ‘not bothered’ by possible Frydenberg return; Lambie accuses Labor of ‘financial coercion’ over FOI,” Direxion Daily Financial Bull 3X Etf (FAS) is linked, with no stored direction, medium confidence. Reason on file: GA selected FAS as a RELATED security because its canonical security name directly matches this event's themes: financial. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- FDIQ Invesco Bloomberg Financial Data Providers Etf
For “Politics live: Ryan ‘not bothered’ by possible Frydenberg return; Lambie accuses Labor of ‘financial coercion’ over FOI,” Invesco Bloomberg Financial Data Providers Etf (FDIQ) is linked, with no stored direction, medium confidence. Reason on file: GA selected FDIQ as a RELATED security because its canonical security name directly matches this event's themes: financial. 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 11 Oct 2026 story “Politics live: Ryan ‘not bothered’ by possible Frydenberg return; Lambie accuses Labor of ‘financial coercion’ over FOI.” 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
- BRTR Ishares Total Return Active Etf
For “Politics live: Ryan ‘not bothered’ by possible Frydenberg return; Lambie accuses Labor of ‘financial coercion’ over FOI,” Ishares Total Return Active Etf (BRTR) is linked, with no stored direction, medium confidence. Reason on file: GA selected BRTR as a RELATED security because its canonical security name directly matches this event's themes: return. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- PTRB Pgim Total Return Bond Etf
In “Politics live: Ryan ‘not bothered’ by possible Frydenberg return; Lambie accuses Labor of ‘financial coercion’ over FOI,” Pgim Total Return Bond Etf (PTRB) is linked, with no stored direction, medium confidence. Reason on file: GA selected PTRB as a RELATED security because its canonical security name directly matches this event's themes: return. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- GLD Spdr Gold Trust
Spdr Gold Trust (GLD) is linked, with no stored direction, medium confidence in the 11 Oct 2026 story “Politics live: Ryan ‘not bothered’ by possible Frydenberg return; Lambie accuses Labor of ‘financial coercion’ over FOI.” 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)
IShares U.S. Aerospace & Defense ETF (ITA) is the company in “Politics live: Ryan ‘not bothered’ by possible Frydenberg return; Lambie accuses Labor of ‘financial coercion’ over FOI,” the 11 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
The price range for IShares U.S. Aerospace & Defense ETF (ITA), and the dates in the story
FAS traded between 136.16 and 161.95 across 20 sessions. The latest close on file is 152.93. 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.
The defense score for IShares U.S. Aerospace & Defense ETF (ITA)
46 out of 100
“Politics live: Ryan ‘not bothered’ by possible Frydenberg return; Lambie accuses Labor of ‘financial coercion’ over FOI” scores 46 out of 100. The score uses 1 sources, and 10 linked companies.