FEAR & GREED | Business News

Monday 20 July 2026
The national housing market is now at its weakest in eight years, even worse than COVID.
China set to launch a mega AI model, taking on the US market leaders
The local IPO market falters
Spotify gets hit with a wash of AI generated music
An Irishman wins the equivalent of the Excel Olympics

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And don’t miss the latest episode of How Do They Afford That? - what’s your true hourly wage? Get the episode from Apple, Spotify or anywhere you listen to podcasts.
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This week, it's all about labour force numbers, with a deep dive on jobs: how is employment measured? What is unemployed vs underemployed? What about the participation rate? What does 'hours worked' tell us about a slowing economy?

Michael Thompson is joined by economist Stephen Koukoulas for a preview of the jobs data, and an employment explainer.

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The outlook for interest rates is very different, depending on which economist you ask - some are predicting more rate hikes, while others say the next move will be down. So why is there such a major split? Sean Aylmer and Michael Thompson explore the cases for both arguments, and what the RBA might do.

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Telstra's bruising week, the Iran conflict flares up again, China launches a missile, and the NRL does the biggest media rights deal in Australia's history.

Sean Aylmer and Michael Thompson go head to head on the top business stories of the week, with Adam Lang picking a winner in a fierce debate.

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This is the Fear & 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.
ASX closes lower

Telstra fronts up

Hanson blasts immigrants, Muslims

Port Hedland standstill

Trump blames China

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