Business Now with Ross Greenwood

The Reserve Bank says roughly one per cent of borrowers are in negative equity but this could increase fivefold, global bond markets have taken a battering in September. Plus, Australians are switching to electric vehicles in record numbers.See omnystudio.com/listener for privacy information.

Headline inflation jumped to 4 per cent in August, the RBA says we spend $1.6 billion on surcharges each year. Plus, the potential ban by President Trump on exporting diesel.See omnystudio.com/listener for privacy information.

The Reserve Bank raises the cash rate to a 15-year high of 4.6 per cent, tech giant OpenAI has apologised for one of its rogue agents hacking into four Australian government websites. Plus, household spending weaker than expected.See omnystudio.com/listener for privacy information.

The Reserve Bank is widely expected to raise interest rates tomorrow to 4.6 per cent, Treasurer Jim Chalmers releases the final budget outcome. Plus, the growth outlook for artificial intelligence companies.See omnystudio.com/listener for privacy information.

ASX200 index falls to a new 50-day low as surging bond yields put pressure on stock markets, oil prices ease amid talks between the US and Iran. Plus, Donald Trump meets with Xi Jinping at the White House. See omnystudio.com/listener for privacy information.

Australia’s unemployment rate rises to 4.6 per cent, while new data shows housing and cost of living pressures are weighing on Australians. Plus, Daniel Mookhey pushes to change NSW’s GST deal ahead of the state election.See omnystudio.com/listener for privacy information.

Energy leaders call for greater policy certainty and faster approvals, most oppose powering data centres solely with renewables. Plus, Australia faces heightened storm threats in the coming months, according to the News24 Severe Weather outlook.See omnystudio.com/listener for privacy information.

Michele Bullock faces a rate rise call next week, with markets and economists expecting a hike, a battle brews over using super to buy a home, and one in four investors are less likely to invest amid tax uncertainty.See omnystudio.com/listener for privacy information.

Treasurer Jim Chalmers releases a second intergenerational report which says AI will have a defining influence on our economy over the next 40 years, Albanese advocates for a seat on the UNSC. Plus, auction clearance rates remain below 50 per cent.See omnystudio.com/listener for privacy information.

13 lenders have lifted fixed rates ahead of the RBA rate meeting, RBA governor says fuel costs will surge due to the Iran War. Plus, the NSW Supreme Court have approved BATHLA's admin extension until September 2027.See omnystudio.com/listener for privacy information.

Tony Burke announces Labor’s plans to cut immigration, the US Federal Reserve raises interest rates for the first time in over three years. Plus, lobby groups representing farmers and the tourism sector hit back at Labor’s immigration reforms.See omnystudio.com/listener for privacy information.

Markets are bracing for tomorrow morning's interest rates decision by the US Federal Reserve, Bitcoin prices plunge after a crypto regulations bill in the United States failed to receive enough votes in the Senate. Plus, Rob Bishop joins the program.See omnystudio.com/listener for privacy information.

Houthi Rebels launch waves of attacks on Saudi Arabia, sales of new homes have declined for a fourth consecutive month. Plus, the top 40 per cent of Australians by income or wealth have received almost $4 billion in cost-of-living relief.See omnystudio.com/listener for privacy information.

About 600 jobs have been slashed at the Whyalla steelworks in South Australia, One Nation announces plans to reduce migration by 750,000. Plus, the founder of one of Australia's fastest growing health tech companies 4D Medical joins the program.See omnystudio.com/listener for privacy information.

Australian bond yields hit multi-year highs as oil reaches a four-month peak and rate rises threaten recession. The SaaS sell-off faces scrutiny as AI spending reshapes the economy. Plus, the housing downturn puts weekend auctions under pressure.See omnystudio.com/listener for privacy information.

The government has confirmed it will soften its 20 per cent gas reservation plan, Nvidia is making a big investment into Australia. Plus, Queensland could see a credit rating downgrade as early as tomorrow.See omnystudio.com/listener for privacy information.

US business groups and the Trump administration hit back at the ATO’s new royalties tax rules, Steve Baxter warns tax changes are hurting defence investment. Plus, Bubs secures US approval to sell three infant formula products.See omnystudio.com/listener for privacy information.

The ATO takes on America’s tech giants over billions in potential extra taxes, oil prices climb amid US-Iran strikes and disruption to tanker traffic. Plus, Australian business conditions plunge to a six-year low.See omnystudio.com/listener for privacy information.

The administrators of Bathla have stood down hundreds of staff, One Nation's plan to allow Australians early access to their super has been attacked by Labor. Plus, housing affordability in Australia has fallen to an all-time low.See omnystudio.com/listener for privacy information.

Bathla’s collapse puts subcontractors on notice as insolvencies loom, the RBA faces a tough rate call amid slower growth and sticky inflation. Plus, a whole island goes on sale for around half a million dollars.See omnystudio.com/listener for privacy information.

Bathla administrators pay workers some wages as they negotiate with lenders, La Trobe Financial CEO Chris Andrews joins the program to discuss the collapsed developer. Plus, Australia’s cruise industry faces a decline despite strong demand.See omnystudio.com/listener for privacy information.

Australia’s economy grows 2.1 per cent, putting pressure on the Reserve Bank to raise rates, Bathla Group’s deadline to secure funding is extended by 24 hours. Plus, surging oil prices add to inflationary pressures.See omnystudio.com/listener for privacy information.

Property prices fall for a fifth consecutive month, while building costs soar 30 per cent in five years and push up insurance premiums. Plus, Treasury says fewer than 10 per cent of businesses have significantly adopted AI.See omnystudio.com/listener for privacy information.

US Federal Reserve chairman Kevin Warsh has sounded the warning on inflation, the administrators Bathla Group say the business will be unable to pay its staff by Thursday. Plus, it's the final day of profit reporting season.See omnystudio.com/listener for privacy information.

Virgin Australia, Harvey Norman and PEXA report their latest results, with PEXA CEO Russell Cohen on the pressure facing the property market. Plus, Kyle Rodda recaps a wild earnings season as share prices surge and plunge on results.See omnystudio.com/listener for privacy information.

The big four banks now expect another rate rise after yesterday’s inflation data, Qantas flags higher revenue despite a $420 million oil hit. Plus, Nvidia shares soar as it forecasts 70 per cent revenue growth.See omnystudio.com/listener for privacy information.

Inflation falls to 3.5 per cent, but rate hike fears rise, Woolworths shares surge 6 per cent to a five-year high. Plus, the Future Fund announces the retirement of long-serving CEO Raff Arndt.See omnystudio.com/listener for privacy information.

Westfield has aims to be one of Australia's biggest apartment developers, the Baltha Group goes bust owing more than $3 billion. Plus, the government has positioned itself as the guardian of the superannuation system.See omnystudio.com/listener for privacy information.

Kogan shares slump despite its sales and profit rising, the latest inflation numbers will determine the next move in interest rates. Plus, despite statements from government that home prices won't fall, weak auction clearances show the opposite.See omnystudio.com/listener for privacy information.

Australia’s debt tops $1 trillion for the first time, Medibank accuses insurance comparison sites of driving up premiums. Plus, SCX.ai raises $40 million in its ASX debut, with CEO David Keane joining the program.See omnystudio.com/listener for privacy information.

Australia’s $1 trillion debt looks even bigger when state debt is added, unemployment rises to 4.5 per cent as Victoria hits 5.1 per cent. Plus, Moderna shares surge after breakthrough cancer vaccine result.See omnystudio.com/listener for privacy information.

WiseTech shares plunge after an ACCC search warrant, Santos reports a 22 per cent profit fall. Plus, real wages go backwards for a third straight quarter, with the private sector hit hardest.See omnystudio.com/listener for privacy information.

CSL shares soar back to life as its profit and outlook exceed expectations, another big winner on the stock market is medical imaging growth stock Pro Medicus. Plus, Chief Executive Nick Hamilton joins the program.See omnystudio.com/listener for privacy information.

JB Hi-Fi shares slump suffering their worst day in 15 years, the Reserve Bank investigates the impact of housing tax changes. Plus, Bluescope Steel profit doubles as it's US operation North Star soars.See omnystudio.com/listener for privacy information.

Treasurer Jim Chalmers has appointed Melinda Cilento as a part-time member of the Reserve Bank's monetary policy board, the government grills KPMG over the company's ethical failures. Plus, new home loans fall 5.4 per cent in the June quarter.See omnystudio.com/listener for privacy information.

KPMG clears senior management ahead of a parliamentary inquiry into whistleblower claims, while major companies report results. Plus, the Telecommunications Industry Ombudsman calls for a regulatory overhaul to improve regional services.See omnystudio.com/listener for privacy information.

CBA posts an $11 billion profit as mortgage applications fall 15 per cent, while Jim Chalmers rejects warnings of a housing slump. Plus, Suncorp CEO Steve Johnson joins the show after a strong profit result.See omnystudio.com/listener for privacy information.

The RBA holds rates but keeps the door open to a hike, two KPMG executives resign ahead of another parliamentary inquiry. Plus, it’s Census night as demographer Simon Kutscher joins the show to discuss what the data will reveal.See omnystudio.com/listener for privacy information.

Westpac shares slump hard as mortgage applications have dropped 20 per cent since the changes to negative gearing and CGT, oil prices climb as Iran refuses a deal to re-open the Strait. Plus, the RBA makes an interest rate decision tomorrow.See omnystudio.com/listener for privacy information.

Atlassian surges after a stunning turnaround, the share market hits fresh record highs despite sluggish economic growth. Plus, signs of life emerge in parts of Australia’s slowing housing market.See omnystudio.com/listener for privacy information.

The share market surges to another record high as ceasefire hopes lift miners and tech stocks, Beach Energy and REA Group report earnings. Plus, AMP celebrates its strongest turnaround since the Financial Services Royal Commission.See omnystudio.com/listener for privacy information.

Oil prices tumble as Middle East peace talks lift the Australian share market to a record high, Argo Investments reports its latest profit. Plus, the government amends its negative gearing changes to protect widows and orphans.See omnystudio.com/listener for privacy information.