00:02This time last year, markets were rocked by US President Donald Trump slapping tariffs
00:07on trade for enemies, neighbours and friends, upending decades of trade rules.
00:13But analysis of company reporting season suggests the Hormuz hostility has had more impact than
00:19the tariff turmoil of a year ago.
00:22The noise was louder, but the Iran conflict and the Reserve Bank's interest rate hikes
00:27have been more severe shocks, says Morningstar's Lachlan Halloway.
00:31The firm looked at 85 profit reports and downgraded the estimate of company value for a quarter
00:37of them, far more than the turbulent period of a year earlier.
00:41And here's the impact, with shares in these retailers falling after the updates.
00:47With that chaos, you might not expect US markets to be near records, but they are.
00:52Our All Ordinaries index of our 500 biggest companies down today and over the week.
00:58The Aussie dollar slid in value during trading, while the price of oil was up more than 3%,
01:05driving electric vehicle sales, which now make up 27% of the new car market, more than one
01:11in every four sold.
01:13Most are hybrids with a small electric motor storing power generated by braking and making
01:19driving more efficient.
01:20There are also plug-in hybrids that can be powered by liquid fuel or electricity.
01:25But the big growth is in battery electric vehicles, the red line, essentially the all-in
01:31option that you fill up with electrons.
01:34Petrol station owners, take note.
01:36And that's finance.
01:38And that's finance.
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