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Here’s what you need to know today

• Australia is seeking urgent clarification after reports emerged that the Indonesian government received an official request from Russia to base military aircraft at an Indonesian airforce base in the east of the country. Indonesia has reportedly rejected that request. (Capital Brief)
  
  

• Blue Origin’s all-female space flight, the first since 1963, was completed successfully yesterday. Led by Lauren Sanchez (fiancé of Blue Origin owner Jeff Bezos) and including Katy Perry and Gayle King, it lasted about 10 minutes and is a sign that the world is edging closer to space tourism. (BBC)
  
  

• Pfizer has pulled the plug on its GLP-1 drug trials. Touted as an incoming competitor to Eli Lilly and Novo Nordisk, the pharmaceutical giant reported that as a result of a liver injury to a patient it would be ending its trials of it’s Ozempic-competitor, danuglipron. (Reuters)
  
  

• Chinese President Xi Jinping is travelling through South-East Asia looking to sure up trade relationships as it faces into a trade war with the US. The Chinese leader visited Vietnam on Monday, and is scheduled to also visit Malaysia and Cambodia this week. (CNN)
  
  

• Nvidia announced it would start manufacturing in the US. The company announced it had commissioned more than a million square feet of manufacturing space in Arizona and Texas to produce its AI supercomputers. This commitment comes as part of their already-announced $500 billion plan to invest in AI infrastructure in the US over the next 4 years. (CNBC)
  
  

• A survey of American CEOs found more than two-thirds believe there will be an economic slowdown in the next 6 months thanks to Trump’s tariffs. (Quartz)
  
  

• Meanwhile some American businesses have sued the Trump administration arguing that it overstepped its powers by imposing tariffs without Congressional approval. Trump used an emergency economic-powers law to impose the tariffs, this lawsuit argues trade deficits are not an emergency. (CNN)
  
  

• French luxury giant LVMH reported sales fell 5% in the first quarter of 2025. While LVMH acknowledged a “disrupted geopolitical and economic environment” these results show that sales were declining even before the US-China trade war. (CNBC)
  
  

• El Salvador’s President Nayib Bukele met with US President Donald Trump at the White House. Bukele told reporters a man mistakenly deported from the US would not be returned, despite a US Supreme Court order. (Reuters)

What the…?

A £6 million mansion in Britain has sat on the market, unsold for more than 10 years. The owner has a surprising excuse for why it hasn’t sold: Adele claimed it was haunted.

The British singer rented the house for 6 months back in 2012 and told Anderson Cooper in a 60 Minutes interview “This bit’s all quite scary, really”. For years afterwards, British tabloids called it Adele’s haunted home. Some would think that would be an additional selling point for a home. But, at least according to the homeowner, not in this case. (Quartz)

Investing is a lifelong journey

Here’s what you can learn today.

A quick financial health check

Community Question: If we wanted to do a quick financial health check, what would be the key things you’re looking at?

We put this question to Glen Hare, financial adviser and cofounder of Fox & Hare.

Cashflow reigns supreme when it comes to financial health. It's the lifeblood of our financial well-being, the king, queen, jack, and joker all rolled into one. Just a quick review and evaluation of a person’s spending habits, and I can paint a pretty clear picture of their financial situation. It might sound straightforward, but a surprising number of Australians are completely in the dark about their income and expenses each pay cycle.

It's actually quite alarming, how many Aussies have no idea where their income is going. They feel like they’re drowning in debt, they’re feeling totally overwhelmed, and they’ll be the first to tell you that owning a home, building a solid investment portfolio or achieving financial freedom are totally out of reach. It's a tough spot to be in, but the number of times that I've heard these complaints and then, after a simple cash flow review, have been able to build a plan that enables all three would blow your mind.

Of course, there are plenty of Australians struggling with negative cash flow because their salaries aren't keeping up with inflation. This is a very real and very big problem. That being said, there's also a large portion of the population who don't face this issue but, because they’ve never had proper guidance or encouragement, feel genuinely trapped and are unable to realise their potential. That's why, when we kick off  with new Fox & Hare Financial Advice members, we dive right into cash flow.

The things we work out are super simple:

• How much money is coming in?

• How much money is going out?

• What's the difference between the two?

But once people have a handle on where their money's going, and way, way, way too many don't, they can start planning and making the choices that will help them achieve their goals. And, I think, that's the foundation of good financial health. Understanding your financial inflows and outflows, so you can take control and build a brighter financial future.

Interested in speaking to Glen or being match with another of our hand-picked financial advisers? Fill out the form on our website and we’ll put you in touch.

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