Business Now with Ross Greenwood

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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