BUSINESS

listener rachel asks: something that's always bugged me about unemployment data. how do they know who's actually employed? is it based on tax records, or do companies have to report new hires, or is there some other way of reporting? or is it just an estimate? i'm curious.

join sean aylmer & michael thompson as they answer listener questions.

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friday 21 february 2025

there are plenty of jobs for everyone, it seems, which is good news for workers but it probably pushes out the next interest rate cut. 

• canberra and south australia to pony up $2.4 billion to save the whyalla steelworks. 
• and apple set to release a brand new “cheap” iphone. 
• plus profit results from telstra, wesfarmers, rio tinto and fortescue metals, and donald trump finally earns the ire of local politicians.

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bhp this week turned in a disappointing underlying profit of $8 billion for the second half of last year, off lower iron ore exports due to reduced steel demand from china. but increasingly, for bhp at least, the future is in copper.

vandita pant, bhp’s chief financial officer, talks to juliette saly from ausbiz about the result and the outlook for the big australian.

ausbiz is australia's leading provider of live and on-demand video of the latest news in australian business, markets, economy and startups. sign up for free at ausbiz.com.au

you can watch this interview here

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this is the fear and greed afternoon report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes. 

1. telstra goes mobile

2. banks tumble

3. bunnings boom

4. miners disappoint

5. transurban outperforms

find out more: https://fearandgreed.com.au/

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thursday 20 february 2025

there’s life yet in the local property sector, with data centres, retail and office blocks finding investor favour. 

and more, including:

• national australia bank’s profit disappoints, triggering a sell-off among australia’s banks. 
• and kfc is leaving kentucky. 
• plus good news on the wages front and the whyalla steelworks goes into administration.

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and don’t miss the latest episode of how do they afford that? - the script that can help you avoid a loyalty tax. get the episode from apple, spotify, or anywhere you listen to podcasts.

find out more: https://fearandgreed.com.au/

see omnystudio.com/listener for privacy information.

this week's interest rate cut was a dose of good news for homeowners, and for many businesses too. but for smes the positivity may be short-lived.


patrick coghlan, ceo of creditorwatch, talks to sean aylmer about today's business risk index, and why high interest rates and uncertainty can see good businesses stall.

find out more: https://fearandgreed.com.au/

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this is the fear and greed afternoon report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes. 

1. asx closes lower

2. ctm surges

3. minres slumps

4. wage growth slows

5. trump threatens tariffs

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wednesday 19 february 2025

the reserve bank cuts interest rates for the first time in four years, but don’t hold your breath for another reduction. 

• bhp turns in a disappointing half year profit of $8 billion
• and why no one wants to be a middle manager anymore 
• plus the accc pushes forward the virgin-qatar tie up and ten aussie unis ranked in the top 300 in the world.

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and don’t miss the latest episode of how do they afford that? - the script that can help you avoid a loyalty tax. get the episode from apple, spotify, or anywhere you listen to podcasts.

find out more: https://fearandgreed.com.au/

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yesterday the reserve bank board cut interest rates by 25 basis points, the first cut since 2020.

but rba governor michele bullock has warned not to read too much into it - this isn't necessarily the start of a run of cuts.

gareth aird, head of australian economics at commonwealth bank, talks to sean aylmer about the decision, and why cba still has a may rate cut pencilled in.

find out more: https://fearandgreed.com.au/

see omnystudio.com/listener for privacy information.

this is the fear and greed afternoon report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes. 

1. cautious rate cut

2. bhp disappoints

3. office pick up?

4. challenger tumbles

5. delta plane flips

find out more: https://fearandgreed.com.au/

see omnystudio.com/listener for privacy information.