Business Now with Ross Greenwood

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.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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. See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.