The Saturday Edition | 6 June 2026
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What are the biggest business stories of the week?
This is the Saturday edition of Fear and Greed, business news you can use. I'm Michael Thompson, and good morning, Sean Aylmer. Good morning, Michael. Now, Sean, our Saturday show is a little different to our weekday shows. This is about... It's a competition, really, this one is, where we nominate each... what we think is the biggest business story of the week, the most remarkable story, a mystery category that we change up every week, and then our favorite story from the last seven days. Every week we are joined by a judge to pick a winner, and that judge is our fear and greed colleague, Adam Lang. Adam, good morning.
Good morning, Michael, and good morning, Sean. Good morning, Adam. Good to see you better dressed this morning. A week ago, you were sort of in running gear. Today, you've got the suit back.
Wasn't that unsettling? It was unsettling last week to see him out of a suit, but it's nice to see the jacket on and the business shirt and buttoned up. No tie, no tie. I mean, a little relaxed Saturday morning. Yes, there's always room for improvement, isn't there? Anyway, next week, maybe it's just because it's a long weekend in much of the country that you've just decided to do away with the tie and just go with the... Well, it is a King's long weekend.
Maybe I should have dressed right up. You know, gone formal. Wear a crown. I was thinking of black tie, but okay, crown.
Or a crown, yeah, business crown. It's got to be business appropriate. Okay, look, let's get into the categories for this week. There is a little bit of a twist. Oh no, change? Yes, because we love to embrace change. This week, we are going to be on the clock for each segment. There is going to be one minute allowed per entry. Including me? No. No, no, no, no. Okay. Adam, you can take as long as you like.
You can triple your time and still come within the one minute categorization. You really could.
Yeah. So Sean and I will only be allowed to speak for one minute per category. Time at the ready. End. Adam, at the end of that minute, if we do go over. Electric shock? You are to take points off.
Oh, okay.
Deductions. Points off. Which is something that you haven't really done before.
Adam, you can do whatever you want to do. Look, Michael, he's not even letting you tell us what the categories are, how you judge us, any of it. He's just taken over. He's just said, one minute, you can take points off when I did it. It's not about you, Michael. The show is a three-way.
Great. That word won't be used again, but anyway, let's go.
Sorry, the four categories. Adam, what are your criteria in addition to, of course- The one-minute time limit.
One-minute timer, of course. Brand new feature. Topicality and timeliness, of course. The big one is economic impact. That's what I'm after. A bit of subjective bias towards reform, of course. And Michael Strong said his melodrama. Sean, you've been actually lifting your game from time to time. I've been trying. On melodrama too, yeah.
I've been watching the kids. Well done. I've been doing the whole thing, yep.
On the socials. All right. Let's jump in. Biggest story of the week. Sean, one minute on the clock.
Your time starts now. Now, well, it was the GDP figures from the Bureau of Statistics. We grew at just a 0.3% pace during the March quarter. The full year was 2.5%. What we found out, the consumer was pulling back probably more than we realized even before the war in the Middle East and higher oil prices, petrol prices. Business investment is on a tear. We know that thanks to data centers. We're getting most of the growth from the private sector, but not from the public sector. Productivity is pretty weak. Well, do we care about it because it's three months ago or it's two months ago? It's for the March quarter. Of course we care about it because it shows us where we were and what since then we've had a bunch of things happen, things like higher petrol prices, tumbling consumer confidence, the war, unemployment rate of four and a half percent.
What we do now though, when we hit that, the economy was nowhere near as good as we thought it was.
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Chapters
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