As the market closes each day, Ross Greenwood brings you breaking business news you can’t afford to miss.
Escalating geopolitical tensions in the Middle East rattle oil and commodities markets. An Abu Dhabi based consortium announces a massive takeover deal for Santos, Australia's median house price reaches $1 million.See omnystudio.com/listener for privacy information.
The May unemployment rate comes in flat for the fifth consecutive month, HSBC Economist Paul Bloxham weighs in on the productivity debate, WA delivers another budget surplus. Plus, businesses say insurance is their biggest concern.See omnystudio.com/listener for privacy information.
Treasurer Jim Chalmers sets the financial agenda for the Government and reveals he is open to tax reform. Plus, Optus agrees to pay a massive fine and business conditions improve but the hospitality sector is still under pressure.See omnystudio.com/listener for privacy information.
With the Middle East on edge Trump leaves the G7 meeting early, US expert John Kunkel explains how the conflict may affect Australia. Plus, Morningstar says Virgin's IPO price is a bit steep and the Vinnies CEO Sleep Out enters it's 20th year.See omnystudio.com/listener for privacy information.
Energy sites emerge as key targets in the Israel-Iran conflict, energy expert Saul Kavonic explains what impact the escalation will have on the price of oil. Plus, ASIC launches an inquiry into the ASX and the auction clearance rate rises.See omnystudio.com/listener for privacy information.
Oil prices surge after Israel strikes Iran. Plus, what does the Pentagon's AUKUS review mean for Australia's defence industry?See omnystudio.com/listener for privacy information.
Doubts over the $300 billion AUKUS defence joint venture after the Pentagon orders a review into the deal. Plus, NEXTDC announces a $2 billion project in Melbourne, Westpac's chief economist predicts the RBA's next move.See omnystudio.com/listener for privacy information.
The ASX hits another record high. Plus, the latest on the trade talks between the U.S. & China, Qantas closes its Jetstar Asia operations. See omnystudio.com/listener for privacy information.
Jenny Wilkinson named new Treasury Secretary, Monash IVF admits to a second embryo mix-up. Plus, construction costs continue to surge across Australia.See omnystudio.com/listener for privacy information.
Western Sydney University chancellor Jennifer Westacott is recognised in the King's Birthday Honours list. Plus, China's consumer prices slump, what will it take to get Australia's lagging construction sector back on track? See omnystudio.com/listener for privacy information.
Tesla shares tank after CEO Elon Musk's public fallout with U.S. President Donald Trump. Plus, new modelling on the proposed $3 million super tax, Australia's employment market shed jobs in early 2025.See omnystudio.com/listener for privacy information.
Farmers plead for help as drought grips Australia's southern states, lithium stocks surge sharply on global trade war tensions. Plus, patients are avoiding medical specialists over high costs. See omnystudio.com/listener for privacy information.
Economic growth disappoints economists with GDP per capita at risk of falling back into a recession, RaboBank's Ben Picton goes through the data. Plus, Trump's tariffs shake global market outlooks and California's new fire safety plan.See omnystudio.com/listener for privacy information.
The Fair Work Commission lifts the minimum wage by 3.5 per cent, one of the largest above-inflation increases on record. Plus, poor GDP figures force economists to lower their expectations for economic growth and AUSTRAC targets crypto ATMs.See omnystudio.com/listener for privacy information.
Soul Patts and Brickworks announce a mega merger worth about $14b, with CEOs Todd Barlow and Mark Ellenor explaining the tie up. Plus, economists expect dismal GDP figures and property prices hit a new record high in May.See omnystudio.com/listener for privacy information.
Stock picker Steve Johnson reveals which little ASX-listed company helped boost his fund to become a top performer. Plus, Morningstar backs WiseTech despite governance questions and the most viewed properties going to auction.See omnystudio.com/listener for privacy information.
A report warns defence build-up is too slow as geopolitical tensions soar, investor Steve Baxter reveals the state of our defence industry. Plus, retail giant Brett Blundy launches a new lingerie label with harbour side photoshoot.See omnystudio.com/listener for privacy information.
Woodside CEO Meg O'Neill exclusively speaks to Business Now and reacts to the Government approving a 40-year extension to the North West Shelf gas project. Plus, monthly inflation data points to more rate cuts and La Trobe hits the ASX. See omnystudio.com/listener for privacy information.
The collapse of Healthscope reveals Australia's private health system is struggling under the weight of inflation and rising wages, full analysis of the situation with McGrathNicol's Jason Ireland and CEO of Private Healthcare Rachel David.See omnystudio.com/listener for privacy information.
Households are set for an electric bill shock as the regulator greenlights price rises, the second largest private hospital group in Australia collapses into receivership. Plus, retirees face escalating costs for aged care from July 1.See omnystudio.com/listener for privacy information.
As flood levels on the mid-north coast recede, businesses begin the clean up process. Plus, questions rise as to why Taree council decided against building a flood levee in the central business district.See omnystudio.com/listener for privacy information.
The latest on the flooding in NSW as authorities confirm a second fatality, the CEO of Rio Tinto announces he'll step down, beef producer AACo brushes off tariff troubles. Plus, ASIC sues Snaffle and New Zealand delivers a tough budget.See omnystudio.com/listener for privacy information.
Cash rate hits lowest point since May 2023, TechnologyOne reports record profits and revenue for early 2025. Plus, Mayne Pharma shares dive as Cosette pulls out of $672 million takeover deal.See omnystudio.com/listener for privacy information.
Victoria’s net debt projected to hit $194 billion by 2029, RBA cuts interest rate to 3.85 per cent in surprise move. Plus, major banks pass on the full cut to customers.See omnystudio.com/listener for privacy information.
Moody’s downgrades US credit rating, RBA expected to cut cash rate tomorrow, Productivity Commission releases reform area. Plus, senior economist Anne Flaherty joins the show.See omnystudio.com/listener for privacy information.
The RBA meeting looms but has inflation been brought under control? A leading Australian economist gives his thoughts. Plus, a look at the auction market's reaction to possible rate cuts and how super tax changes could impact property.See omnystudio.com/listener for privacy information.
The labour market maintains its strong momentum but puts a deep rate cut cycle in doubt, AMP economist Diana Mousina explains why. Plus, Xero's CEO on growing the accounting software and Macquarie Group fails to be transparent.See omnystudio.com/listener for privacy information.
Has your bank asked you personal questions and threatened to close your account if you don't comply? It's happened to property expert Louis Christopher and he's standing up against it. Plus, economists say wage rises lock in rate cuts.See omnystudio.com/listener for privacy information.
Global share markets surge as the US and China agree to pause tariffs for 90 days, full analysis with stock picker Matt Sherwood and economist Vicky Zhou. Plus, reaction to Sussan Ley becoming the first woman to lead the Liberal Party.See omnystudio.com/listener for privacy information.
Independent Economist Warren Hogan previews a big week of macro data ahead of the RBA's meeting, Fitch Ratings says Labor's win strengthens its case for reform. Plus, as Woolworths announces big discounts, we reveal who'll pay for them.See omnystudio.com/listener for privacy information.
Ingrid Willinge unpicks the housing markets after the REA posted a strong quarter and its rival, Domain, is acquired by an American real estate giant. Plus, what the trade deal between the US and UK means for upcoming tariff negotiations.See omnystudio.com/listener for privacy information.
Business Council CEO Bran Black lays out what the business community is hoping for from the newly elected Labor government. Plus, analysis of the latest interest rate decision by the US Fed as President Trump seeks new trade deals.See omnystudio.com/listener for privacy information.
ASIC targets Macquarie Bank for significant compliance failures and failing to block suspicious trades, China cuts rates to pump its economy. Plus, how will President Trump react as the US Fed is forecast to hold rates tomorrow.See omnystudio.com/listener for privacy information.
The Australian film industry hits back at Trump's 100 per cent tariff on foreign-made movies, the Chair of the Screen Producers Association weighs in. Plus, OPEC floods the oil market and the government considers dropping the luxury car tax. See omnystudio.com/listener for privacy information.
Business Editor Ross Greenwood reacts to shock in Australia's film industry as Donald Trump announces he will hit foreign made films with 100 per cent tariffs. Plus, an economist joins the show as Labor eyes up a post-election economic boom.See omnystudio.com/listener for privacy information.
Business Reporter Edward Boyd takes a final look at the markets before the election and they're looking positive despite global economic uncertainty. Plus in the US, the world's largest tech companies have posted surprising profits.See omnystudio.com/listener for privacy information.
Sky News Business Editor Ross Greenwood is joined by a housing expert after home prices showed growth across all capital cities. Plus, the US economy stalls under the weight of Donald Trump's tariffs, but just how likely is a global recession?See omnystudio.com/listener for privacy information.
Business Editor Ross Greenwood examines potential knock-on effects as inflation for the March quarter was flat. Plus, a funds manager joins the show amid fears that large self-managed super funds are under attack from Labor's tax plan.See omnystudio.com/listener for privacy information.
Business Editor Ross Greenwood unpicks a mammoth $27b gas project that Woodside have invested into in Louisiana. Plus, the recently departed boss of Virgin lands a new job running Endeavour Group.See omnystudio.com/listener for privacy information.
Business Editor Ross Greenwood dissects a report warning Australia's Triple A credit rating is under pressure because of pre-election spending promises. Plus, a senior economist explains why there is still housing market uncertainty.See omnystudio.com/listener for privacy information.
Shanghai hosts the world’s largest car show as China emerges as a leader in EV production, car expert David McCowen reveals the most exciting new cars, Baby Bunting CEO on redesigning the stores. Plus, AusVeg CEO on farmers burning out.See omnystudio.com/listener for privacy information.
Treasurer Jim Chalmers squares off with Shadow Treasurer Angus Taylor in a heated debate, full debrief with Independent Economist Warren Hogan. As Tesla profits plunge 71%, stock picker Alex Pollak explains why Tesla shares rose.See omnystudio.com/listener for privacy information.