Sean Aylmer and Michael Thompson take a look at the main business news stories this week, from the government's budget update - a missed opportunity to right the fiscal ship - through to Treasury Wine Estate's shocking year.

GDP lifts rate hike odds; Telstra reveals outage failures; world to miss climate target
17:16

Q+A: Why another rate hike is now a very real risk
13:30

Afternoon Report | ASX drops 1pc as oil, bond yields surge
04:44