Business Now with Ross Greenwood

The countdown is on for the SpaceX IPO, the biggest capital raising in history, Aussie investors shift money into ETFs amid Labor’s tax changes. Plus, the FIFA World Cup kicks off with more teams, bigger crowds and record prize money.See omnystudio.com/listener for privacy information.

The countdown is on to the SpaceX IPO as investor demand surges, oil prices rise after the US and Iran trade strikes in the Middle East. Plus, Australia’s biotech and medtech sectors warn Labor’s tax changes will hurt innovation.See omnystudio.com/listener for privacy information.

Senate scrutiny of Labor’s tax changes begins next week, concerns grow over the power and water demands of Australia’s booming data centre sector. Plus, drone maker Boresight soars on its stock market debut.See omnystudio.com/listener for privacy information.

Consumer confidence sinks to a 50-year low, Australia’s beef sector stands to benefit from falling global production. Plus, polling shows many business leaders left Australia’s Economic Outlook event less confident about the economy.See omnystudio.com/listener for privacy information.

Markets across the Asia Pacific region plunged today, a new report finds that Australians need a minimum of $400,000 in superannuation to fund a comfortable retirement for just one decade. Plus, Brisbane has the worst clearance rate in the country.See omnystudio.com/listener for privacy information.

Anthony Albanese and RBA Deputy Governor Andrew Hauser headline Australia’s Economic Outlook, Australians get access to the SpaceX IPO. Plus, Ross Greenwood examines slowing growth and Labor’s tax changes with La Trobe Financial CEO Chris Andrews.See omnystudio.com/listener for privacy information.

Victoria has the biggest police force in the country but car theft is out of control, the price of Bitcoin has slumped 12 per cent in the past week. Plus, Australia's biggest wine maker will reduce the number of brands it markets from 76 down to 30.See omnystudio.com/listener for privacy information.

Australia’s economy grows just 0.3 per cent in the March quarter, with a data centre construction boom helping support growth. Plus, BHP shares hit another record high on strong demand for copper.See omnystudio.com/listener for privacy information.

Wages for 2.8 million low-paid Australians will rise 4.75 per cent from July 1, while farm profits are forecast to plunge 70 per cent this year. Plus, concerns grow that Labor’s trust tax changes could hit families caring for people with dementia.See omnystudio.com/listener for privacy information.

Home prices in May were flat on average but have now started to drop alarmingly, the government continues to defend its budget. Plus, Arafura’s Nolans Project is declared the first-ever significant project in the Northern Territory.See omnystudio.com/listener for privacy information.

KPMG Australia CEO Andrew Yates quits amid a growing audit scandal, global markets rally on reports the US and Iran have agreed to extend their ceasefire. Plus, a look at the Aussie dollar’s performance with Michael Sorial from OFX Global.See omnystudio.com/listener for privacy information.

Markets tumble as US strikes on Iran push oil prices higher, Labor introduces its controversial CGT and negative gearing changes to Parliament. Plus, unemployment rises as many Australians say they’re underpaid.See omnystudio.com/listener for privacy information.

It is a 60-40 chance whether the Reserve Bank raises rates again this year, Australia's home-building problem is getting worse with residential construction down in the latest quarter. Plus, New Zealand's Reserve Bank leaves interest rates on hold.See omnystudio.com/listener for privacy information.

Most remaining ISIS brides are returning to Australia from Syrian camps, oil and share markets react after US strikes on Iranian targets. Plus, electricity prices set to fall for almost half a million households and small businesses.See omnystudio.com/listener for privacy information.

Auction clearance rates remain below 50 per cent across Australia, the critical inflation numbers for April will be released on Wednesday. Plus, Ross Greenwood is in Adelaide with the CEO of the Australian Steel Association, David Buchanan.See omnystudio.com/listener for privacy information.

Backlash against government reforms continues as the Australian Chamber of Commerce and Industry warns Labor not to rush changes through parliament. Plus Guzman y Gomez shares rally as investors welcome plans to exit the US market.See omnystudio.com/listener for privacy information.

The unemployment rate rises in April to 4.5 per cent, small business and start up companies rally against the government's proposed changes to capital gains tax. Plus, three of the biggest share market floats are likely this year.See omnystudio.com/listener for privacy information.

The government is ramming its capital gains tax legislation through the Parliament to crush criticism of the controversial move, Southern Cross Media shares drop a touch. Plus, Lim Kim Hai today admitted in court that he misled shareholders in 2023.See omnystudio.com/listener for privacy information.

The Reserve Bank admits that massive spending on AI and green energy projects means it's harder to control inflation with interest rate rises. Plus, Elon Musk loses a historic court case against ChatGPT owner Open AI.See omnystudio.com/listener for privacy information.

Dire warning for falling home prices as auction clearance rates collapse in the wake of the Government's changes to negative gearing and capital gains tax. Plus, has the Government introduced a death tax or not?See omnystudio.com/listener for privacy information.

Angus Taylor delivers his budget reply asking voters to believe again, Mineral Resources takes a dive after founder Chris Ellison sells a $122 million stake in the company. Plus, the latest updates in cloud and AI innovation at Amazon.See omnystudio.com/listener for privacy information.

The Federal Court rules Coles misled shoppers with its “Down Down” pricing campaign in a win for the ACCC, business groups warn the Budget’s tax changes could hurt competitiveness. Plus, tech and start-ups promised a carve-out from CGT changes.See omnystudio.com/listener for privacy information.

Inside the budget a hidden 62.9 per cent tax that's one of the highest-ever, CommBank shares collapsed today after first quarter results were worse than expected. Plus, the budget is a massive whack for entrepreneurs starting a business.See omnystudio.com/listener for privacy information.

Ross Greenwood is on the ground in Canberra speaking with key business leaders on whether this budget will do enough for investment and productivity. Plus, Life360 shares plunge despite a solid first-quarter result and upgraded guidance.See omnystudio.com/listener for privacy information.

Negative gearing and capital gains tax will change the way investors and businesses invest, CSL shares are completely hammered again as its latest profit guidance comes in worse than expected. Plus, auction clearance rates collapsed over the weekend.See omnystudio.com/listener for privacy information.

Macquarie posts its second-biggest profit ever at $4.85 billion, the budget looms amid rising inflation and interest rates with AMP’s Diana Mousina weighing in. Plus, Ingrid Willinge breaks down the auction market and luxury listings in Victoria.See omnystudio.com/listener for privacy information.

Tabcorp faces another Austrac investigation, ARN hit with a record shareholder revolt over executive pay after tearing up Kyle and Jackie O’s contracts. Plus, fresh budget overspending warnings as markets absorb the latest rate rise.See omnystudio.com/listener for privacy information.

The Reserve Bank hit the economy with the third rate rise this year, JB Hi-Fi has historically been bulletproof when economy falters but today its share price fell hard. Plus, the big banks wasted no time in passing on the RBA hike in full.See omnystudio.com/listener for privacy information.

The Reserve Bank raises interest rates by a quarter of a per cent. Plus, the RBA decision and a spike in oil prices as hostilities resumed in the Strait of Hormuz pushes our stock market to its lowest point in five weeks.See omnystudio.com/listener for privacy information.

The Reserve Bank's rate decision tomorrow is seen by most economists and the money markets as a clear-cut rate hike. Plus, the gold price has dropped almost 18 per cent from its peak in late January this year.See omnystudio.com/listener for privacy information.

ANZ shares fall despite beating expectations with a nearly $3.8 billion 1H profit, Atlassian shoots the lights out with its earnings surging a huge 24 per cent after hours. Plus, Apple's Q2 revenue jumps 17 per cent to $111.2 billion.See omnystudio.com/listener for privacy information.

Oil prices soar their highest price since the US-Iran warn started, Woolworths warns that food prices will keep rising for at least another year. Plus, four of the biggest tech shares reported profits last night.See omnystudio.com/listener for privacy information.

Inflation jumps on fuel costs as the treasurer warns more pain ahead, the treasurer and prime minister talk intergenerational fairness while staying tight-lipped on tax changes. Plus, US markets hover near record highs despite headwinds.See omnystudio.com/listener for privacy information.

Tomorrow’s inflation read to show cost-of-living impact from the US-Iran war, a rare earths play sparks a takeover bid tied to Greenland interest. Plus, a five-week Whyalla steel outage risks supply shortages for construction and rail operators.See omnystudio.com/listener for privacy information.

Inflation figures this week give us the first taste of our cost of living since fuel prices rocketed in the aftermath of the US war with Iran. Plus, Donald Trump's pick to become the new Chair of the Federal Reserve is given a green light.See omnystudio.com/listener for privacy information.

Oil tops $106 as Donald Trump orders “shoot to kill” against mine-laying boats in the Strait of Hormuz, inflation in focus ahead of next week’s data. Plus, ARN shares under watch as Kyle Sandilands faces court in Sydney.See omnystudio.com/listener for privacy information.

Noisy protests disrupt Woodside's annual meeting today, the global CEO of Microsoft Satya Nadella is in Australia today. Plus, Tesla surprises the markets by reporting a strong positive cash flow in the last quarter.See omnystudio.com/listener for privacy information.

Federal debt nears $1 trillion as broad NDIS changes are unveiled, Cochlear shares plunge up to 40 per cent after a sales warning. Plus, the government flags significant tax reform in the upcoming budget.See omnystudio.com/listener for privacy information.

Apple CEO Tim Cook has presided over 1,300 per cent growth in the company's value since taking over but now he's stepping aside. Plus, small businesses with less than 25 employees will have to start setting aside superannuation each pay day.See omnystudio.com/listener for privacy information.

Fuel prices continue to fall across Australia, the government flags changes to the capital gains tax as it seeks to find new taxes to offset its extra spending. Plus, the markets are expecting two more rate rises this year.See omnystudio.com/listener for privacy information.

Wall Street hits record highs on hopes of a US-Iran deal, Netflix shares plunge after Reed Hastings signals his departure. Plus, the Strait of Hormuz closure disrupts diesel and fertiliser flows, exposing risks to Australia’s agriculture. See omnystudio.com/listener for privacy information.

Despite the massive fire at the Geelong refinery overnight, wholesale fuel prices fall yet again. Plus, the prime minister’s gone cap in hand to our neighbours for fuel and fertiliser supplies.See omnystudio.com/listener for privacy information.