Business Now with Ross Greenwood

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?

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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The IMF warns a global recession looms if the Strait of Hormuz stays closed, Virgin Australia flags higher fares as fuel costs rise. Plus, the share market jumps on hopes of a US-Iran deal.

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Business and consumer confidence plunge as fuel costs bite and more rate rises loom, petrol drops over 50 cents a litre from its peak to the lowest since the conflict began. Plus, Qantas shares tumble after cutting 5 per cent of domestic flights.

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Oil prices again swing higher as peace talks between the US and Iran break down. Plus, shares in A2 Milk slump after it admits it can’t get enough infant formula from its New Zealand supplier.

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Oil prices remain volatile ahead of the expected peace talks between the US and Iran in Pakistan tomorrow. Plus, the government considers banning self-managed super funds from the Compensation Scheme of Last Resort.

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The re-opening of the Strait of Hormuz as part of the ceasefire lasted less than a day. Plus, after a massive rise yesterday, financial markets are little changed today despite the fragile state of the cease-fire.

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Oil prices plunge $15 a barrel as markets post their best day since Trump eased his tariff threats, the ceasefire is conditional on the immediate reopening of Hormuz. Plus, the housing sector calls for urgent action as completions fall despite lower rates. 

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Petrol prices keep easing but diesel remains high, the Federal Government delays finalising the budget to the last moment, but despite the outlook the stock market surges with strong gains across tech, miners and the banks.

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The prime minister urges Australians to save fuel in a national address, the government rolls out a four-stage fuel plan. Plus, Donald Trump says the US war with Iran will end soon in his own address.

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The Prime Minister is set to deliver a state of the nation address tonight, the cut to fuel excise started today. Plus, a billion-dollar mortgage fraud that hit the Commonwealth Bank and NAB is a wake up call for all companies.

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Bank surcharges gone from October, the Fair Work Commission rules that 18 to 20-year-olds should be paid adult wages in the retail and hospitality industries. Plus, the fuel crisis again highlights Australia's vulnerability.

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The government cut the fuel excise for three months, dwindling consumer confidence in weekend property markets with just two in five homes up for auction sold in Sydney. Plus, some truckies reporting fuel price hikes of more than $2,000 a week.

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Markets stay volatile as investors react to Donald Trump’s comments, the Middle East conflict boosts defence stocks. Plus, one of the biggest weekends for property with more than 4,400 auctions nationwide.

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As Cyclone Narelle intensifies off the West Australian coast with a chance of becoming a category five storm, key iron ore and LNG export ports are closed. Plus, the government calls for an above inflation wage rise for almost three million workers.

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Global oil prices fell today leading to our stock market's best day in almost a year, Singapore Airlines started selling tickets today for the new Western Sydney International Airport. Plus, fuel prices threaten to soar for longer.

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Australia's European free trade deal promises cheaper electric cars and opportunities for horticultural growers. Plus, oil prices plunged 14 per cent after Donald Trump gives Iran 5 days of negotiating time before bombing key infrastructure resumes.

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Fuel shortages and higher prices might only get worse from here, Kyle Sandilands launches his lawsuit against former employer ARN Media. Plus, Australia is expected to sign a free trade agreement with the European Union tomorrow.

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Brent crude oil prices drop back from their highest level since July 2022, money markets expect Australia's cash rate to lift to 4.85% by the end of this year. Plus, investors focus more on the Middle East than the rout of global software stocks.

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The world's biggest gas export facility in Qatar is hit by Iranian missiles, Treasurer Jim Chalmers lays out his major budget preview. Plus, the Energy Regulator announces its latest price rises for uncontracted electricity users.

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The Treasurer hoses down talk of a recession, BHP and Woodside both announce new CEOs. Plus, the government charged the ACCC to investigate fuel price gouging but the ACCC Deputy claims it is not actually illegal.

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The Reserve Bank raises interest rates by a quarter of one percent, but the big shock is that Governor Michele Bullock will not rule out a future recession for Australia. Plus, HSBC Australia Chief Economist Paul Bloxham joins Ross Greenwood.

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Markets say interest rates will rise tomorrow and two more times this year, the Victorian government settles out of court with businesses affected by its COVID-19 lockdowns. Plus, the cause of the inflation is fuel prices.

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Former UN diplomat Merriden Varrall discusses the Iran war and the geopolitical implications, market pricing for a rate rise next week surges to roughly 82 per cent. Plus, the latest GST carve up has WA, Queensland and Victoria as the big winners.

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Oil surges above $US100 a barrel as Iran targets tankers in the Strait of Hormuz, Atlassian slashes 1,600 jobs amid the AI shake-up. Plus, Australian super funds showcase their financial strength in the US, urging infrastructure sell-offs.

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Money markets and economists expect the Reserve Bank to lift interest rates on Tuesday, hundreds of homes and businesses inundated by floodwaters in Bundaberg. Plus, the National Reconstruction Fund invests $200 million in Macquarie Technology Group.

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Global markets rebound and oil falls below $US90 a barrel after Trump says the Iran war could end soon, rising petrol prices send consumer and business confidence plunging. Plus, CrowdStrike CEO George Kurtz weighs in on the AI arms race.

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About $90 billion was wiped off Australia's share market today, Brent Crude has soared above $US114 a barrel. Plus, the oil price shock is stoking fears of inflation and higher interest rates.

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Global markets plunge off the back of concerns over the conflict in the Middle East, China takes its growth target down to 4.5-5 per cent, marking the least ambitious target in 35 years. Plus, a look into the auctions market for the weekend.

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Matt Bekier and Paula Martin, have been found by a Federal Court Judge to have contravened the Corporations Act, the inflation shock from rising energy prices stemming from the war in Iran. Plus, Ross Greenwood sits down with Gerry Harvey.

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The stock market plunges to its lowest level in two weeks, Australia's economy grew faster than expected in the December quarter. Plus, we'll play you Ross Greenwood's interview with the CEO of Australia's largest supermarket chain Woolworths.

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Iran's Revolutionary Guard are threatening to attack vessels in the Strait of Hormuz, Aussie businesses are scrambling to understand what the impact of the Iran conflict will have on them. Plus, Qantas CEO Vanessa Hudson speaks to Ross Greenwood.

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Oil prices have surged after the US and Israeli strikes on Iran disrupted the Middle East. Plus, energy producers, gold companies and defence stocks took off on the market today in response to the military escalation. 

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Computer chip maker Nvidia shares take off after earnings doubled in the past quarter and the company lays out massive growth for the future. Plus, Qantas shares tank despite an upbeat half-year profit report.

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Pencil in May 5 in your diary because that's the day markets now say the Reserve Bank will raise interest rates. Plus, Woolworths shares shot the lights out to their highest in almost 18 months after profit and sales growth beat forecasts.

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Tech shares slump as IBM has its worst day in 25 years, former treasurer Peter Costello lets rip at the federal government. Plus, the Retail Council says consumers and retailers will pay an extra $9 billion because of inconsistent state regulations.

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Share prices fall hard after Donald Trump's tariff defeat, the impact of the US Supreme Court rejection of Trump's tariffs. Plus, this Wednesday's inflation figure is the last clue before the Reserve Bank makes its next interest rate decision.

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Founder of the Tex Mex fast food chain Guzman y Gomez and CEO of Inghams joins the show. Plus, oil prices surge to their highest level since August, as geopolitical tensions escalate between the US and Iran.

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A strong labor market immediately puts pressure on the Reserve Bank to continue raising interest rates this year. Plus, competition watchdog, ACCC is in the fourth day of its legal clash with supermarket giant Coles.

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Treasurer Jim Chalmers slams former Reserve Bank Governor Philip Lowe, the Stokes family-controlled SGH group drops a second takeover bid on Bluescope Steel. Plus, we speak with ASIC Commissioner Alan Kirkland.

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Hastie named the Shadow Industry Minister. Tim Wilson appointed the Shadow Treasurer. Plus, BHP's revenue for the half year is ahead 11 per cent to $27.9 billion.

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The International Monetary Fund calls out federal government over-spending and warns it may need to bail out broke states including Victoria. Plus, we take you inside a boardroom drama worthy of a mini-series.

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Newly appointed Opposition Leader Angus Taylor says the Liberal Party must focus on lowering taxes to fight back against Labor's big spending agenda. Plus, the CEOs of commercial property giant BWP Group join the show.

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The Liberal Party leadership challenge is the big political talking point, but Coalition members got stuck into the Reserve Bank Governor today. Plus, AMP and Temple & Webster shares both tanked by 30 per cent during the day. 

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The Commonwealth Bank's profit soars and so does its share price. Plus SGH, the old Seven Group and owner of Boral, Westrac and Coates Hire - put out a strong profit today.

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Consumer confidence slumped with all the talk about higher interest rates, shares in local insurers and insurance brokers tank. Plus, we speak with the CEO of Australia’s biggest after-market auto parts makers.

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The owner of the Carsales website took off with its profit announcement today after a rough six months, financial markets have been highly volatile of late. Plus, how many more rate rises will we see this year? The markets say one.

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More than $65b wiped out on the ASX as tech stocks nosedive, Reserve Bank Governor Michele Bullock finally admits that government spending contributes to aggregate demand. Plus, Japan's PM Sanae Takaichi is poised to win this Sunday's snap election.

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Large tech companies on Wall Street remain under serious pressure despite delivering strong earnings results. Plus, oil and gas producer Beach Energy is the first major ASX-listed energy company to report its results this profit season.

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Tech stocks were heavily sold off today, following a $300 billion US dollar rout on Wall Street, the Reserve Bank raised interest rates for the first time in more than two years. Plus, La Trobe Financial has reported strong inflows during January.

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The Reserve Bank has raised the cash rate by 25 basis points to 3.85 per cent, that's its highest level in more than two years. Plus, we'll discuss this tough economic outlook with the CEO of Australia's largest debt collector and buyer Credit Corp.

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The odds of a rate rise by the Reserve Bank got even stronger today, the founder and major shareholder of Corporate Travel Management Jamie Pherous today stood down with immediate effecthome prices kept rising in most capital cities in January.

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Nine Entertainment shares jump after plans to sell radio and regional TV assets and buy QMS Media for $850 million, Donald Trump prepares to name a new Federal Reserve chairman. Plus, gold and silver trade near record highs.

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A serious outage at the Reserve Bank delays hundreds of property settlements using the PEXA system, the ASX announces a new corporate governance advisory group. Plus, the US Federal Reserve keeps interest rates on hold.

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Major bank economists and money markets say the Reserve Bank has no choice but to raise interest rates next week. Plus, the Indonesian stock market is in freefall today, after the American finance company MSCI raised serious concerns.

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Gold and silver surge to new record highs, Don Farrell becomes the first Australian minister to visit Saudi Arabia in nearly a decade. Plus, BHP overtakes Commonwealth Bank as Australia’s biggest company after a 27 per cent rise in shares.

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It's appropriate that on Australia Day, The Aussie dollar hits its highest point against the Japanese yen since 1991. Plus, gold smashes through $US5000 an ounce for the first time in history.

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Australian super funds post double-digit returns, lifting balances about 35 per cent over three years, as ASX listings slump well below average. Plus, Donald Trump files a $5 billion lawsuit against JP Morgan and CEO Jamie Dimon.

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The odds of an RBA rate rise within weeks climb above 50 per cent following OECD warnings, unemployment falls from 4.3 per cent to 4.1 per cent. Plus, a public spat unfolds between Ryanair boss Tony O’Leary and Elon Musk.

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Shares in Australian Strategic Materials surge on a US takeover bid, ASIC orders CFD providers to refund $40 million to investors. Plus, AFIC dumps its WiseTech stake over corporate governance concerns.

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Aussie start-up Gilmour Space has rocketed to a $1 billion dollar valuation, after securing $217 million dollars in funding. Plus, mining giant BHP has posted record production of copper and iron ore during the first half of the year. 

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Markets are on watch ahead of US President Donald Trump’s appearance at the World Economic Forum in Switzerland later this week. Plus, the Reserve Bank’s first monetary policy board meeting of the year will be held in just two weeks.

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The mid-year economic and fiscal outlook has confirmed that Australia's federal budget will remain deeply in the red until at least the 2035 financial year. Plus, SMEs are under serious financial pressure. 

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US Federal Reserve cuts rates to 3.75 per cent from 4 per cent, unemployment rate flat at 4.3 per cent in November. Plus, Ross Greenwood tours some stunning properties up for grabs.

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Markets lift after the US Federal Reserve cuts interest rates, Australia's unemployment rate remained steady in November at 4.3 per cent. Plus, one ASX-listed company announces plans to expand its footprint in New Zealand.

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Treasurer Jim Chalmers set to release the mid-year budget update next week. Plus, ASFA raises serious concerns with the federal government's plan to add APRA-regulated super funds to the Compensation Scheme of Last Resort.

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The Reserve Bank keeps interest rates on hold at 3.6 per cent, high demand for domestic air travel in spring leads to higher airfares for Aussie travellers. Plus, Paramount launches a hostile takeover bid for Warner Brothers.

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Jim Chalmers says the federal government's energy rebates will come to an end after Cabinet ruled out extending the scheme. Plus, Donald Trump raises potential antitrust concerns around Netflix's planned $108 billion takeover of Warner Brothers.

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OpenAI partnering up with NextDC to build the largest data centre in the southern hemisphere, Investment manager State Street releases their global market outlook. Plus, could there be a champagne shortage this Christmas?

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Money markets say the next move in interest rates will be up, ASIC completes its first ever survey of companies and their policies about whistle-blowers. Plus, a week out from the ban on major social media sites for under-16-year-olds kicks in.

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Australia's annual economic growth is faster than any time in two years but is still slower than government spending, Michele Bullock warns if inflation takes off, they will raise rates. Plus, buy now pay later companies tank on the stock market.

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The government's target of 1.2 million homes between now and 2030 is batterd, with home building approvals dropping again. Plus, Price Waterhouse Coopers former CEO suspended as a charted accountant for four years.

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Another warning Australia's east coast could experience power blackouts from 2027 as the nation's largest coal-fired power station is due to close. Plus, the ASX has a blackout of its own, with it unable to post time-sensitive company announcements.

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Corporate Travel Management's accounting scandal is worse than expected, inflation surged to its highest level since June 2024. Plus, Michael McCarthy joins the show to discuss the upcoming US Federal Reserve interest rates decision.

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Australia's private capital expenditure surged during the September quarter. Plus, banking regulator APRA is set to introduce debt to income limits on home loans as it attempts to prevent a build-up of risky home lending practices.

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Inflation rises to 3.8 per cent in October, marking the highest level in 16 months, Electro Optic Systems agrees to pay a $4 million penalty. Plus, the RBNZ cut interest rates today to 2.25 per cent.

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Bendigo Bank discloses major flaws with its systems made to detect and prevent money laundering and terrorism, a Seek job ad report shows ad volumes were down, but salaries lifted 3.6 per cent. Plus, a deep dive into Australia's major commodities.

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Australian non-financial companies expected to lead the economic growth in Asia Pacific next year thanks to falling interest rates. Plus, rental affordability continues to approach record lows across most of Australia.

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