Business Now with Ross Greenwood

Nvidia faces questions over its future as CEO Jensen Huang comes under pressure amid fresh affair allegations, NAB agrees to a record $170 million payout over underpaid workers. Plus, Orica’s chief executive on booming demand for mining explosives.

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A record fall in home lending puts the government’s tax changes under pressure, tech fund manager Alex Pollak weighs in on buying Anthropic shares. Plus, Victoria’s infrastructure challenges come under scrutiny ahead of next week’s state election.

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Qantas will sack 850 staff as unions claim more and more jobs are being outsourced overseas, funds manager Geoff Wilson is campaigning for the government to reverse its capital gains tax changes. Plus, NVIDIA shares plunge overnight.

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The founder of the world's largest company admits to an affair with a woman US intelligence claims is a Chinese spy, David Jones going broke last week sparks a shopping spree. Plus, the independent brewer Coopers increases its market share.

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AI fears trigger a massive US tech sell-off, wiping trillions from markets. Asian shares tumble, with South Korea hitting circuit breakers. Plus, AI’s growing impact on the legal industry as Legora reaches an $8.8 billion valuation.

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After 188 years of operation the department store chain David Jones today went broke, Donald Trump's humiliating defeat in the midterms could result in a softening in his most harsh tariffs. Plus, bad news for data centre operators.

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US midterm counting continues, with Democrats on course to take control of Congress as markets remain calm. David Jones faces fresh uncertainty over its future. Plus, Canva cuts more than 1,200 jobs as AI challenges its business.

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The Reserve Bank lifts rates for the fifth time this year to an 18-year high, warning of more hikes if inflation persists. Michele Bullock, Jim Chalmers and Angus Taylor respond. Plus, the mounting impact on households and businesses.

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The government's tax changes hammer household wealth, Westpac makes $7 billion in the past year but warns home prices will fall 11 per cent peak to trough. Plus, tomorrow's expected fifth interest rate rise this year.

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Coles suffers its worst day on the ASX as recession fears grow, Larvotto Resources reopens a mothballed gold mine. Plus, a North Queensland banana grower warns of biosecurity threats.

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Warning signs about our economy emerge from some of Australia's biggest retailers, Australians brace for their fifth rate rise this year. Plus, two former Tesla engineers seek solutions to make space launches cheaper and more reliable.

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A rate rise next Tuesday looks almost certain as inflation beats forecasts, New Zealand holds rates in a split vote. Plus, Australia’s Inspector-General in Bankruptcy calls for laws to make exiting a business easier.

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The $2 trillion Anthropic share market float kicks off, the Aussie mining industry's biggest even IMARC started today. Plus, the tax office is being more aggressive as they pursue small and medium sized businesses.

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The looming shortage of diesel fuel around the world could be the next economic challenge for inflation and interest rates, this week's rate is expected to rise to 4.2 per cent. Plus, the number of homes selling at auction is still chronically low.

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US tech stocks tumble over AI spending fears, dragging Australia’s share market to a three-month low. BiFox seeks capital to expand in South America. Plus, RBA officials fuel speculation of a Melbourne Cup Day rate hike.

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BHP warns Australia’s tax settings and weak productivity threaten its competitiveness, while Tesla and Meta beat earnings expectations. Plus, the National Reconstruction Fund chief joins the program to discuss its investment in Austal.

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NextDC shares plunge over power delays at its Melbourne data centre, Netflix and SpaceX beat earnings expectations. Plus, the Reserve Bank signals tough rate decisions as inflation surges and unemployment rises.

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NAB cuts 2,500 jobs as banks face rising costs and AI disruption, a Korean data centre company’s market debut plunges more than 30 per cent. Plus, confusion continues over credit card surcharges and ATO payments.

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The next RBA board meeting is a fortnight away and already the Reserve Bank is on the front foot, two major companies have been hit with takeover bids on the ASX. Plus, the price of gold could lift back above $US5,000 an ounce in early 2027.

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Weaker jobs figures raise questions over future interest rates and recession risks, local markets rebound as AI jitters ease. Plus, Tesla unveils its long-delayed electric sports car.

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Markets scale back rate hike expectations as unemployment rises, US tech stocks tumble amid growing scrutiny of AI valuations. Plus, 11.5 million Australians invest in the share market, but are they making the most of it?

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The Federal Court overturns the Federal Government's ban of the Blayney Gold Mine, another Aussie-founded data centre business pulled its stock market IPO in Singapore today. Plus, Glencore launches a secondary listing on the ASX today.

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David Pocock calls the AI inquiry a stitch-up as Ted O’Brien urges a data protection deal with the US, the ACCC targets 12 egg producers over an alleged cartel. Plus, business confidence slumps amid job security fears.

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Glencore is set for its ASX debut this week, home sales at auctions are getting worse. Plus, economist Warren Hogan joins the program to explain why wishing for steady or lower interest rates might also be wishing for others to lose their jobs.

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Firmus pulls its proposed $44 billion IPO and reportedly eyes a US listing, the federal government’s AI inquiry wraps up. Plus, Australian rents hit a record high in the September quarter.

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Australia’s second-largest share market float appears to be in serious doubt as investors reject the $11 share price, and the Tax Office holds firm on its credit card ban. Plus, ASIC puts an interim stop order on another private credit business.

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The future of Australian coal mines is in doubt after a landmark High Court ruling, ASIC investigates the $1.2 billion collapse of two super funds. Plus, housing starts jump 14.4 per cent year-on-year.

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OpenAI fronts a Parliamentary Inquiry, consumer confidence in Australia is now the worst its been since the 1990s recession. Plus, the Coalition vows to undercut Labor's annual migration target by around 60,000 people.

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Fresh attacks on Saudi oil facilities put pressure on energy prices, the Treasurer hints at spending restraint but falls short of saying spending will be cut. Plus, poor home auction clearance rates again point to prices continuing to fall.

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Firmus Technologies is preparing to list on the stock market soon with a valuation of $43.7 billion on ASX, the RBA's ban on card surcharges has caused restaurants and cafes to increase prices. Plus, investors scrutinise AI related floats.  

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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.

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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.

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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.

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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.

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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. 

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Australians keep spending despite soaring fuel prices, Credit Corp posts a strong profit as earnings season begins. Plus, insurers urge the New South Wales Government to scrap its emergency services levy.

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Home prices around the country keep falling, the government is facing calls to rethink its new taxes on discretionary trusts, Plus, the US Government took the unusual step of buying Japanese Yen over the weekend.

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Microsoft and Amazon lift global markets, helping drive the Australian sharemarket higher, home prices are expected to weaken when new data is released on Monday. Plus, this weekend’s auction results will provide the latest read on buyer confidence.

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Global rate expectations shift as the US holds steady while Australia looks set to keep rates on hold, NAB says home loan applications have slumped since the Budget. Plus, the US backs a radical new passenger aircraft with a $3 billion investment.

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Lower than expected inflation eases pressure on the Reserve Bank, ASIC warns 1.8 million mortgage holders to check their offset accounts. Plus, Rio Tinto reports a $6.8 billion half-year profit as copper takes centre stage.

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RBA Governor Michele Bullock warns inflation remains a concern ahead of new inflation figures. Plus, Prime Minister Anthony Albanese unveils plans for Australia’s first new oil refinery in more than 60 years.

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Jacinta Allan is on shaky ground with her Labor colleagues, there is a change in the outlook for the global economies. Plus, one of Australia’s largest and oldest investment companies sharply under-performed in the past financial year.

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The US imposes a 12.5 per cent tariff on Australia over forced labour claims, oil prices surge as Red Sea attacks rattle markets. Plus, Qantas’ ultra-long-range Airbus completes a 19-hour test flight to Melbourne.

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Labor opens its national conference by taking aim at the Coalition rather than unveiling major new policies, the government moves to establish a Fair Work Court welcomed by unions. Plus, unemployment holds steady at 4.4 per cent in June.

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The property industry blames the government’s negative gearing changes for falling home prices, China’s new AI challenger Moonshot unveils its low-cost Kimi K3 model. Plus, the Reserve Bank tests Australians on their economic knowledge.

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Former Reserve Bank governor Philip Lowe says interest rates will stay higher for longer, Houthi rebels who support Iran want to blockade the Red Sea. Plus, the latest unemployment figures are out tomorrow.

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The government faces a big hole in its budget as revenues from mining and resource companies take a big dive. Plus, Christopher Nolan's new movie The Odyssey becomes the highest grossing R-rated film in history.

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Telstra executives face a bruising Senate inquiry over last week’s major outage, Netflix shares fall after disappointing investors. Plus, is another interest rate rise on the cards?

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BHP workers strike at Port Hedland in one of the Pilbara’s biggest work stoppages this century, ASX listings hit a four-year high. Plus, young Australians are taking bigger investment risks despite looming tax changes.

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Anthony Albanese unveils new AI rules covering data centres and copyright, Donald Trump drops plans for a 20 per cent Strait of Hormuz shipping toll. Plus, a new report reveals Australia’s highest-paid CEOs are all based in the US.

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Donald Trump proposes a 20 per cent toll on shipping through the Strait of Hormuz, business confidence rises for a third straight month despite weak sentiment. Plus, Genesis Minerals and Vault plan a $12.6 billion gold merger.

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Oil prices jump after the US and Iran exchanged fresh missile strikes over the weekend, Auction clearance rates remain below 50 per cent for a tenth straight week. Plus, South Korean computer chip giant SK Hynix lifts almost 13 per cent on debut.

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Telstra’s CEO apologises and accepts responsibility for the nationwide outage as the telco faces millions in fines, South Korean chip giant SK Hynix prepares for its US market debut. Plus, Victory Metals discusses the outlook for rare earths.

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Oil prices head back towards $US80 a barrel as the US-Iranian ceasefire breaks down, Telstra's CEO Vicky Brady has cut her vacation short. Plus, rent prices may not be rising as fast as many reports suggest they are.

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Telstra faces growing scrutiny after its major outage, new building data deals another blow to the government’s housing targets. Plus, New Zealand’s central bank resumes rate hikes with a 25 basis point increase.

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Foxtel and Nine strike a $5.3 billion deal to keep the NRL on screens, Deloitte warns Australia faces its weakest economic growth since the early 1990s recession. Plus, WiseTech founder Richard White steps down as executive chairman.

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More than half of all homes up for auction over the weekend actually sold. Plus, a $12.6 billion takeover lands today for the gold miner Vault Minerals and if successful would bring three gold mines at Leonora in Western Australia under one roof.

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The ASX rallies after weaker US jobs data eases rate fears, Saudi oil exports rebound to near pre-war levels as crude prices slide. Plus, fund manager Andrew Dale joins the show to discuss the economy, markets and the banks.

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Global tech stocks remain under pressure as investor Michael Burry warns it’s the beginning of the end, the government’s insolvency chief says wealthy Australians are gaming the system. Plus, super funds begin reporting annual returns.

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The government rejects blame as home values fall across every state, Coles shares slide after confirming talks to buy Greencross in a $4 billion deal. Plus, the big accounting firms face an ASIC shake-up following a string of scandals.

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It’s the final day of the financial year and the last chance to act before new tax rules take effect, TPG Asia Pacific boss faces court over an alleged drink-driving crash. Plus, the RBA says the economy remains constrained as rate rise fears ease.

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Auction clearance rates are below 50 per cent for the eighth straight week, the property market is weakening due to new tax policies announced on budget night. Plus, the world's largest cryptocurrency bitcoin has fallen below $US60,000.

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