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.

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.

Business news you can use. A daily business news podcast with journalists Sean Aylmer and Michael Thompson. Find out more at https://fearandgreed.com.au

Business news you can use. A daily business news podcast with journalists <a href="https://www.linkedin.com/in/sean-aylmer-9922068/" data-saferedirecturl="https://www.google.com/url?q=https://www.linkedin.com/in/sean-aylmer-9922068/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw0wu3ezGEfBZFYspJbTTaYL">Sean Aylmer</a>&nbsp;and&nbsp;<a href="https://www.linkedin.com/in/mcwthompson/" data-saferedirecturl="https://www.google.com/url?q=https://www.linkedin.com/in/mcwthompson/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw08pZ8jZ88rHJgCfbHkTr5k">Michael Thompson</a>.&nbsp;Find out more at&nbsp;<a href="https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain=fearandgreed.com.au/" data-saferedirecturl="https://www.google.com/url?q=https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain%3Dfearandgreed.com.au/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw1DLq_FuqjEt3HC-ZK1704H">https://fearandgreed.com.au</a>

Fear and Greed is Australia's most popular business podcast.

FEAR & GREED | Business News

Daily business news for people who make their own decisions, with business journalist Sean Aylmer and Michael Thompson. Find out more at https://fearandgreed.com.au

Daily business news for people who make their own decisions, with business journalist <a href="https://www.linkedin.com/in/sean-aylmer-9922068/">Sean Aylmer</a> and <a href="https://www.linkedin.com/in/mcwthompson/">Michael Thompson</a>. Find out more at <a href="https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain=fearandgreed.com.au/">https://fearandgreed.com.au</a>

Afternoon Report | Xero, Nufarm shares surge

Friday 16 October 2026

Australia’s unemployment rate hits a five year high, but it might not be enough to prevent another rate hike. 
The auction market slump is forcing sellers to accept lower prices
The federal government launches its flagship online safety legislation
ASIC drops its insider trading investigation into WiseTech Global founder Richard White
Apple shifts into the smart home world, taking on Amazon and Google

 

Hit follow on the podcast so you don’t miss the latest news, and join our free daily newsletter here. 

 

And don’t miss the latest episode of How Do They Afford That?- should you trust AI with your money? Get the episode from Apple, Spotify or anywhere you listen to podcasts.

Friday 16 October 2026
Australia&rsquo;s unemployment rate hits a five year high, but it might not be enough to prevent another rate hike.&nbsp;
<ul>
<li aria-level="1">The auction market slump is forcing sellers to accept lower prices</li>
<li aria-level="1">The federal government launches its flagship online safety legislation</li>
<li aria-level="1">ASIC drops its insider trading investigation into WiseTech Global founder Richard White</li>
<li aria-level="1">Apple shifts into the smart home world, taking on Amazon and Google</li>
</ul>
&nbsp;
Hit follow on the podcast so you don&rsquo;t miss the latest news, and join our free <a href="https://fearandgreed.com.au/newsletter-signup">daily newsletter here</a>.&nbsp;
&nbsp;
And don&rsquo;t miss the latest episode of <a href="https://fearandgreed.com.au/how-do-they-afford-that-sugar-mamma-canna-campbell/">How Do They Afford That?</a> - should you trust AI with your money? Get the episode from <a href="https://podcasts.apple.com/au/podcast/how-do-they-afford-that/id1644255235">Apple</a>, <a href="https://open.spotify.com/show/1EW5WRlRh7MovSBNkk6dG8?si=b2203ec2fa934a14">Spotify</a> or anywhere you listen to podcasts.

Unemployment rate jumps; home sellers drop asking prices; Apple launches smart display

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/c378594d-f6a6-4b00-8117-b4e400a9e0ec/transcript

What does it take to turn magic into a serious business? For Scott Zhou, it meant dropping out of a commerce/law degree, building a team of professional magicians, and finding a way to sell something people really need to experience to understand.

Sean Aylmer speaks with Scott, CEO of The Black Ties, about building a business generating roughly $700,000 a year, why marketing matters as much as the magic itself, and his ambition to create Australia's own version of Hollywood's famous Magic Castle. Scott also performs a trick that leaves Sean completely baffled.

What does it take to turn magic into a serious business? For Scott Zhou, it meant dropping out of a commerce/law degree, building a team of professional magicians, and finding a way to sell something people really need to experience to understand. Sean Aylmer speaks with Scott, CEO of <a href="https://www.google.com/url?q=http://www.theblackties.com.au&amp;sa=D&amp;source=calendar&amp;ust=1792492128555104&amp;usg=AOvVaw02vejkoqjE8Z17k4V3hEUp">The Black Ties</a>, about building a business generating roughly $700,000 a year, why marketing matters as much as the magic itself, and his ambition to create Australia's own version of Hollywood's famous Magic Castle. Scott also performs a trick that leaves Sean completely baffled.

Q+A: From university dropout to a $700,000 magic business

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/6012ed7d-e6be-4a7d-91c2-b4e400a9deaa/transcript

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 recovers as unemployment rises
Corporate news
Greens senator takes leave over allegations
Cue Clothing to close stores
White House press secretary's credentials questioned

Join our free daily newsletter here.

This is the<a href="https://fearandgreed.com.au/"> Fear &amp; Greed</a> Afternoon Report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes.
<ol>
<li aria-level="1">ASX recovers as unemployment rises</li>
<li aria-level="1">Corporate news</li>
<li aria-level="1">Greens senator takes leave over allegations</li>
<li aria-level="1">Cue Clothing to close stores</li>
<li aria-level="1">White House press secretary's credentials questioned</li>
</ol>
Join our <a href="https://fearandgreed.com.au/newsletter-signup">free daily newsletter here</a>.

Afternoon Report | ASX recovers as unemployment rises

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/4187bfe2-49e1-41a0-88b8-b4e400601fd7/transcript

Afternoon Report | Xero, Nufarm shares surge

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