FEAR & GREED | Business News The Weekend Edition | 6-7 Dec 2025
8 snips
Dec 5, 2025 A surprise surge in GDP and household spending sparks a debate on interest rates and economic trends. Major political moves, including a new defense agency and health-drug talks, dominate the week's headlines. The hosts tackle controversies like costly hotel scouting trips and expensive flights to the UN. Meanwhile, Spotify Wrapped reveals intriguing Australian listening trends, with The Wiggles topping the list. Lastly, the conversation turns to the informal tobacco market fueled by high taxes, highlighting the need for policy changes.
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GDP Growth Signals Fewer Rate Cuts
- Australia's GDP grew strongly in the quarter driven by private spending and data-centre investment.
- Rising inflation pressures mean interest-rate cuts are unlikely and markets price possible hikes next year.
Big Political Moves Reshape Spending
- The federal government announced major defence procurement reforms and other political moves shaping Australia's long-term spending.
- Changes include a new agency for defence projects and significant AUKUS-related investment supporting the economy.
Future Fund Hotel Scouting Trip
- Michael described the Future Fund spending $20,000 to send an executive assistant to scope hotels and negotiate rates.
- The CEO said the trip saved $30,000, prompting senators to ask why phone calls or online checks weren't used.