FEAR & GREED | Business News ASX best day since April; number of rich Aussies surges; Superbowl's $10m ads
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Feb 9, 2026 Markets jump with a tech-led ASX rally and strong breadth driving the best session since April. Political drama brews as a likely federal Liberal leadership challenge looms. Household spending dips, adding uncertainty to Reserve Bank moves. A record surge in very rich Australians draws attention to wealth trends. They also pick their favourite Super Bowl ads and discuss the eye-watering ad prices.
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Leadership Turmoil In The Liberal Party
- Internal polling and poor leader approval have accelerated momentum for a Liberal Party leadership spill this week.
- Angus Taylor is likely to challenge Susan Lee amid calls from both moderates and conservatives for change.
Herzog Flags Global Rise In Antisemitism
- Israeli President Isaac Herzog warned of a global surge in antisemitism and criticised Australian security agencies after the Bondi attack.
- His visit ramped up pressure on ASIO as questions emerged about missed warning signs.
Royal Commission's Heavy Price Tag
- The Royal Commission on Antisemitism and Social Cohesion will cost taxpayers about $131.1 million and staff heavily.
- Nearly $90 million is earmarked for rent, staff and witness support, signalling a large-scale review including agency oversight.