Money News: Highlights: Recent Episodes
Money News
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Missed the show? Catch up on Money News with the full show podcast 📈See omnystudio.com/listener for privacy information.
Missed the show? Catch up on Money News with the full show podcast 📈See omnystudio.com/listener for privacy information.
Missed the show? Catch up on Money News with the full show podcast 📈See omnystudio.com/listener for privacy information.
Omer Tas, owner and founder of Stacks Laundry joins James Willis to explain how a single startup laundromat has grown across New South Wales. Let's Talk Business, proudly presented by NAB.
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Missed the show? Catch up on Money News with the full show podcast 📈See omnystudio.com/listener for privacy information.
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Missed the show? Catch up on Money News with the full show podcast 📈See omnystudio.com/listener for privacy information.
Missed the show? Catch up on Money News with the full show podcast 📈See omnystudio.com/listener for privacy information.
Sally Auld, NAB's Group Chief Economist joins James Willis to discuss the Google trends showing what Australians are searching for to understand what the Federal Budget means for them. Let's Talk Business is proudly presented by NAB.
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Missed the show? Catch up on Money News with the full show podcast 📈See omnystudio.com/listener for privacy information.
Missed the show? Catch up on Money News with the full show podcast 📈See omnystudio.com/listener for privacy information.
Missed the show? Catch up on Money News with the full show podcast 📈See omnystudio.com/listener for privacy information.
Missed the show? Catch up on Money News with the full show podcast 📈
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FUNDAY Natural Sweets is an Australian brand that started in a kitchen and since launching has grown to be on the shelves of more than 7,000 retailers across Australia. Daniel Kitay, founder of FUNDAY joins James Willis for Let's Talk Business, proudly presented by NAB.
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Australia’s Aged Care system has become a minefield with a maze of costs, rules, and over 200 thousand Australians on waiting lists.
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Dr Andrew Charlton, Assistant Minister for Science, Technology and the Digital Economy joins James Willis to discuss the government's AI agenda announced today by Prime Minister Anthony Albanese.
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Jason MacDonald Co-Founder of Kiss My Axe joins James Willis for Let's Talk Business, proudly presented by NAB.
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Former Telstra chairman John Mullen has hit back at the backlash Telstra received following last week’s nationwide outage.
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The ATO is chasing $36 billion in unpaid tax from small businesses, but business owners say there is no flexibility on paying it back. Anna Dooland from the Small Business Debt Helpline joins James Willis.
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Missed the show? Catch up on Money News with the full show podcast 📈
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Evan LaMotta, owner of LaMotta group has turned a humble fencing business into a booming social media success story. Let's Talk Business is proudly presented by NAB.
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The Australian share market finished the day almost exactly where it started, as a massive boost for our big banks managed to save the index from a much deeper sell-off.
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NAB Business Bank Group Executive Andrew Auerbach joins Scott Haywood to discuss how Australian businesses are navigating a tough start to 2026.
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Dr Camile Farah joins Scott Haywood on Optiscan's world leading medical technology and partnering with the world's best hospital.
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The local sharemarket finished the financial year with a bit of a whimper today, as big investment funds tidied up their books and dragged the market lower.
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The Bank for International Settlements says the scale of spending on Artificial Intelligence infrastructure now resembles previous economic manias like the dot com bust in the 90s.
Shane Wright, Senior Economics Correspondent for The Sydney Morning Herald and The Age joins Scott Haywood.
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Co-founder and CEO of Luxury Escapes, Adam Schwab sits down for an in depth chat with James Willis about scaling from a small startup in Melbourne to a global business spanning 5 continents with millions of members worldwide.
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Chris Karagounis, Managing Partner at Alex Kaar Australia joins James Willis to discuss what it takes to land the top job, and why CEOs aren't working from home.
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Real estate expert Tom Panos joins James Willis to discuss the provision in the Federal Budget that is being described as a "widow tax"
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The local market has finally broken its four-day losing streak today, but the mood on the trading floor remains deeply cautious. Investors spent the session digesting a mixed bag inflation report.
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The ATO has issued letters to hundreds of thousands Australian taxpayers warning of a crackdown on under-reported income.
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Fancy Hanks started as a single food truck selling American BBQ around Melbourne, fast forward to today they operate 3 venues and a national sauce & condiment brand.
Let's Talk Business is proudly presented by NAB.
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A brutal global sell-off in technology stocks, triggered by renewed nerves over the longevity of the artificial intelligence boom, combined with anxious positioning ahead of tomorrow's critical inflation data, left the local market in the red.
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Investor, entrepreneur and Co-founder of TEN13 Steve Baxter joins James Willis to discuss the Albanese governments backflip on changes to the capital gains tax discount for startups.
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Your weekend catch-up is here. Money Week rounds up the best of the week from the Money News team.
Catch the full show at 7pm Monday–Thursday on your radio, or hit play on the podcast feed anytime.
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James Willis is in France as Qantas announces details of the longest non-stop commercial flights in the world - Sydney to London - beginning in 2027.
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Qantas CEO Vanessa Hudson joins James Willis live from Toulouse in France to discuss the details of Project Sunrise, the longest non-stop commercial flights in the world with journeys between Sydney and London commencing from October 2027.
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Missed the show? Catch up on Money News with the full show podcast 📈
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Halo Print Co CEO Angel M joins Scott Haywood on how he built the business from the ground up into a custom printing business trusted by some of the world's biggest brands.
Let's Talk Business is proudly presented by NAB.
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Tony Greco, Senior Tax Advisor at the Institute Of Public Accountants joins Scott Haywood after his appearance at the senate committee into the changes to CGT discount and Negative Gearing.
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Missed the show? Catch up on Money News with the full show podcast 📈See omnystudio.com/listener for privacy information.
Your weekend catch-up is here. Money Week rounds up the best of the week from the Money News team.
Catch the full show at 7pm Monday–Thursday on your radio, or hit play on the podcast feed anytime.
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Negotiations between pharmaceutical giant Eli Lilly and the Australian government have broken down over adding the blockbuster diabetes and obesity drug Mounjaro to the PBS. Dr Gabrielle Reppen joins James Willis.
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Let's Talk Business is proudly presented by NAB. Whatever role you need them to play, NAB is your partner for every stage of business.
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From self-checkouts to offshore call centres and AI phone systems, James Willis and Money News listeners have their say on the state of service in Australia.
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It was an unpredictable, choppy ride on the trading floor today as local investors returned from the long long-weekend. The market narrowly avoided a major blowout, staging a recovery after tech stocks rallied and investors sought shelter in defensive supermarket giants.
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Missed the show? Catch up on Money News with the full show podcast 📈See omnystudio.com/listener for privacy information.
Your weekend catch-up is here. Money Week rounds up the best of the week from the Money News team. Catch the full show at 7pm Monday–Thursday on your radio, or hit play on the podcast feed anytime.
See omnystudio.com/listener for privacy information.
Missed the show? Catch up on Money News with the full show podcast 📈See omnystudio.com/listener for privacy information.
Fred Schebester is one of Australia's most successful entrepreneurs and the co-founder of Finder he joins James Willis to share his views on Australia's startup sector, the future of AI in business and why ambitious workers should think twice about working from home.
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My Bui - Economist at AMP & Wes Lambert - CEO of the Australian Restaurant & Cafe Association join James Willis to discuss the Fair Work Commission approving a pay rise of 4.75 per cent for almost 3 million Aussies on award wages, and 6 per cent for the 100,000 workers on minimum wages.
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Matt Webb is the owner of Auto Tech Group, a Melbourne based automotive technician business that has grown and expanded to multiple locations while actively seeking and backing apprentices to help shore up the skills shortage in the sector.
Let's Talk Business is proudly presented by NAB.
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Independent MP Allegra Spender has joined the fight against the government rushing through changes to the Capital Gains Tax discount.
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Missed the show? Catch up on Money News with the full show podcast 📈See omnystudio.com/listener for privacy information.
Your weekend catch-up is here. Money Week rounds up the best of the week from the Money News team. Catch the full show at 7pm Monday–Thursday on your radio, or hit play on the podcast feed anytime.
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Chartered accountant and Principal at of Hatcher Advisory Gary Brown tells James Willis how Aussies buying and selling small businesses will be far worse off under the new proposed tax arrangements.
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Recruitment expert & Director of Superior People Recruitment Graham Wynn tells James Willis he is skeptical that the government can fix a broken JobSeeker scheme that costs the tax payer $2 billion a year.
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Award winning scientist and Managing Director of SYNthesis BioVentures Andrew Wilks tells James Willis how Australia's growing biotech sector is at risk of being stifled due to the government's CGT changes.
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Ben Koutoukidis - Co-founder of The Good Oil Club joins James Willis for Let's Talk Business proudly presented by NAB - https://thegoodoilclub.com
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James Willis is joined by Derek Francis - A private hedge fund manager and former Chief Economist at the NSW Parliamentary Budget Office who says Australia is no longer a viable place to invest.
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Geoff Wilson from Wilson Asset Management joins James Willis to discuss the petition launched against Labor’s plan to scrap the 50% CGT discount.
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Missed the show? Catch up on Money News with the full show podcast 📈See omnystudio.com/listener for privacy information.
Your weekend catch-up is here. Money Week rounds up the best of the week from the Money News team. Catch the full show at 7pm Monday–Thursday on your radio, or hit play on the podcast feed anytime.See omnystudio.com/listener for privacy information.
NAB Group Chief Economist Sally Auld unpacks the 2026 Federal Budget with James Willis.
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Australia’s unemployment rate steady at 4.1%; the US Fed keeps interest rates on hold; the salaries of top CEOs revealed; Trump’s tariffs hit the auto sector; preparing your will around the end of financial year; ratings surveys put Kyle & Jackie O’s Melbourne adventure at risk; and Tony Sycamore joins us for the Market Wrap
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Another weak set of radio ratings figures have put the pressure on the existence of Kyle & Jackie O in the Melbourne market.
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Most of us who hold serious assets should get up to date with our wills, with the End of Financial Year the perfect opportunity.
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The US Fed has kept interest rates on hold, so will investors look towards safety in the Australian banks while unrest continues?
MARKET WRAP:
- ASX200: down 0.09%, 8523
- GOLD: $3,368 US/ounce
-
BITCOIN: $161,897 AUD
-
Commonwealth Bank up 1.5% to $182.85
- National Australia Bank rose 1.1%, with Westpac 1.8% higher, and ANZ up 0.3% per cent after announcing its retail boss would leave the bank.
- Aristocrat rose 1.6% to $66.73
- Cleanaway closed up 1.1% to to $2.73
- Weaker Chinese data sent iron ore majors lower, with BHP off 2% to $36.13 and Fortescue off 1.7% to $14.77.
- Gold miners fell, with Evolution down 4.5% to $7.78
- Utility stocks were also sold off as Origin and AGL both dipped 1.4%.
- KMD Brands fell more than 3% to hit a record low of 25¢,
- WiseTech Global dipped 1.9% after announcing that two directors would exit the board.
CURRENCY UPDATE:
- AUD/USD: 64.7 US cents
- AUD/GBP: 48.2 pence
- AUD/EUR: 56 Euro cents
- AUD/JPY: 94 yen
- AUD/NZD: 1.08 Dollars
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Australia’s unemployment rate held steady at 4.1%, but is there a case now for the RBA to cut interest rates again?
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A steady unemployment rate was expected, but with work shifting away from the government sector, it could be up to the RBA to cut interest rates to stimulate private business.
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Jim Chalmers outlines his tax reform vision for the second term of the Labor government; the business of sport attracts even more money; Amazon’s boss fires a warning shot at white collar workers; uranium stocks get a boost; preparing for EOFY sales; ‘skinfluencers’ rise in popularity; and Grady Wulff joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Assistant Producer: Karl Bianco
Technical Producer: Simon Owens
Publisher: Nine Radio
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As End of Financial Year sales approach, should we be looking at this as an opportunity to spend, or is it a trap?!
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Sports are a big business in Australia, but with a new team coming to Tasmania, will the spending give the economy a boost?
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Uranium stocks have benefited from increased demand for the nuclear energy push around the world.
- ASX200: down 0.12% to 8,531
- GOLD: $3,384 US/oz
-
BITCOIN: $161,708
-
Boss Energy met its first-year production guidance, shares gained another 4.3% on the news to $4.66
- Deep Yellow up almost 4%, Bannerman rising 4.8%
- Iron ore futures slid to $92 US a tonne, which hurt our big miners.
- BHP traded 1.2% lower, Fortescue fell 4%, while Rio Tinto lost 1.1%.
- While down over 1% were ANZ, Origin Energy, and Qantas
-
Cochlear pushed 0.8% higher to $283.78
-
AUD/USD: 65 US cents
- AUD/GBP: 48.3 Pence
- AUD/EUR: 56 Euro cents
- AUD/JPY: 94 Yen
- AUD/NZD: 1.08 NZ dollars
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The market is still flooded with uncertainty, with no wild swings up or down this week, but good news on the uranium front has helped a couple of companies really outperform the rest of the ASX.
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Australians will spend $1.1 billion on the outlay for their football teams in the annual State of Origin contest.
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Droneshield’s share price has exploded so far this year, so does the threat of war help their outlook?
MARKET WRAP:
- ASX200: down 0.08%, 8541
- GOLD: $3,395 US/ounce
- BITCOIN: $162,400 AUD
- Santos edged marginally higher to $7.76 despite Federal Treasurer Jim Chalmers warning a $30 billion takeover deal from a UAE based group “has got a long way to run yet”.
- Gold miners Newmont rose 2.5% and Northern Star rose by 1.5%
- Uranium stocks were up again, with Deep Yellow up 5.7% and Boss Energy rising more than 3%
- Life360 was more than 1% higher after a broker upgrade.
- Pro Medicus dropped just under 1% to $272 a share, while Cochlear dropped 1.6% to $281.66.
- Genesis Minerals also fell more than 2% to $4.67
- James Hardie fell 2.9% to $38.77.
CURRENCY UPDATE:
- AUD/USD: 65.3
- AUD/GBP: 48.2 pence
- AUD/EUR: 56 Euro cents
- AUD/JPY: 94 yen
- AUD/NZD: 1.07 Dollars
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With conflict escalating in the Middle East, could we see a repeat of 2022’s global inflation wave as the oil price rises?
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Escalating conflict in the Middle East puts oil prices again in the headlines; Donald Trump’s new phone; Australia Post delivers new parcel depots; changes for small businesses on the radar for July 1; Australians spend up big on the State of Origin; and Evan Lucas joins us for the Market Wrap
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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The Australian share market was awash with uncertainty as the conflict between Israel & Iran continued to intensify.
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Attacks in the Middle East see commodities such as gold & oil jump; the PM heads to the G7 to meet with Donald Trump on tariffs; Amazon pledges $20b to Australian data centres; the government looks to boost productivity; the $30b bid for Santos; ASX Ltd faces the music from ASIC; the costs of seeing health specialists forcing patients into difficult choice; and Adam Dawes joins us for the Market Wrap
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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New research has shown Australians are being forced between two tough options – get much-needed healthcare or save your money.
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Santos has been hit with a $30 billion takeover bid from the UAE’s ADNOC. Is this the push the Australian energy sector needed?
MARKET WRAP:
- ASX200: up 0.01%, 8548
- GOLD: $3,415 US/ounce
- BITCOIN: $164,546
- A $30 billion takeover bid for Santos sent its shares climbing almost 11% to $7.72.
- Woodside up 3% at $25.96.
- Paladin was up 15.6%, Boss rose 17.7% and Deep Yellow was over 21% higher.
- An announcement of a US venture for baby formula maker Bubs Australia, sent its shares 6.3% higher
- Commbank and NAB closed slightly higher
- Vulcan Steel closed down 1.7% as it announced its CEO would retire after 19 years.
- UBS downgrades for gold miners Evolution and Northern Star saw them both close down more than 8%.
- Falling by over 1% was Woolworths, IAG and Mirvac.
CURRENCY UPDATE:
- AUD/USD: 65.1 US cents
- AUD/GBP: 48.0 pence
- AUD/EUR: 56 Euro cents
- AUD/JPY: 94 yen
- AUD/NZD: 1.08 Dollars
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Australia has its first Productivity Minister, but will this appointment, and an industry & union summit do anything to solve the problem?
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Santos has seen its shares rocket 11% after confirmation of a non-binding bid for the company worth $30 billion by Emirati giant ADNOC.
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An attack by Israel on Iran, and subsequent retaliations are set to play havoc with the oil market, with the commodity jumping as high as 13% at one point.
Will Australians pay more at the fuel pump following these attacks?
And the ASX ends the week on a sour note, even with new records achieved over the last few days.
Interview with Vivek Dhar, Director of Mining and Energy Commodities Research at Commonwealth Bank.
Host: Tom Storey
Email us your thoughts to moneynews@nine.com.au
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Federal Budget faces a hit from increased defence and NDIS spending; household budgets get a welcome round of relief; English football revenue grows; Donald Trump’s tariff call hurts markets; women’s health & menopause treatment an untapped market; and Scott Phillips joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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The women’s health market, including services for menopause, is worth up to $600 billion but has been largely untapped at this point.
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With consumers in the United States really starting to feel the pinch of tariffs, luxury goods retailers like Cettire could see the pain on their balance sheets sooner rather than later.
MARKET WRAP:
- ASX200: up 0.31%, 8,565
- GOLD: $3,360 US/oz
-
BITCOIN: $166,138 AUD
-
Monash IVF CEO Michael Knaap announced his resignation. Shares up 9.1%
- Cochlear downgraded its guidance, but the market sent the company 0.7% higher to $272.31.
- Telstra, Transurban, and Coles were all higher.
- Cettire fell more than 30% after its CEO warned the market of weaker demand from US customers.
- AGL suffered a swing against it of 0.9% after confirming it could sell its stake in Tilt Renewables.
- Myer lost 0.7%
- Sliding more than 1% was BHP, Macquarie, and Goodman.
CURRENCY UPDATE:
- AUD/USD: 64.9 US cents
- AUD/GBP: 47.9 pence
- AUD/EUR: 56 Euro cents
- AUD/JPY: 93 Japanese yen
- AUD/NZD: 1.07 NZ dollars
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Household spending is showing better signs, with consumers using energy rebates and tax cuts to spend on restaurants, food delivery, cinemas and travel.
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Tariff fears again drove the market, with the ASX unable to get more records after the US President spoke out.
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With Amazon launching a marketplace offering, could Wesfarmers, Harvey Norman and JB Hi-Fi be shaking in their boots?
MARKET WRAP:
- ASX200: up 0.06% to 8,592
- GOLD: $3,338 US/oz
- BITCOIN: $168,037 AUD
- An earnings guidance increase for BNPL company Zip helped its shares more than 15% higher.
- Monash IVF rebounded from yesterday’s drop, gaining 11%
- Fletcher Building told the market that it’s fielding inquiries on its business, helping it to lift 10% to $3.08.
- Qantas offloading JetstarAsia saw it down 1.3% to $10.50 on the day.
- Perseus Mining down 6% to $3.62.
- Xero down 2.3% and Technology One falling 3.8%
- Commbank losing 0.3%, with NAB down the same amount.
CURRENCY UPDATE:
- AUD/USD: 65.2 US cents
- AUD/GBP: 48.3 pence
- AUD/EUR: 57 Euro cents
- AUD/JPY: 94 Japanese yen
- AUD/NZD: 1.08 NZ dollars
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With Gen Z entering the workforce in greater numbers, the demands for what makes a great employer is now changing.
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The ASX resets its record high; the US & China get closer to a trade truce; Qantas ends its JetstarAsia arm; Nintendo makes bank with its Switch 2 launch; cryptocurrency in demand as regulation gets closer; Gen Z workforce entry changes demands from employers; and Carl Capolingua joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Cryptocurrency is getting widespread appeal, with several regulatory measures starting to come in across the world—what does this mean for Australians?
Deb is joined by CEO and Founder of UpTrade, Jeff Zylstra, to discuss the latest in the world of crypto.
UpTrade is Australia's leading dedicated crypto brokerage, offering tailored 24/7 support, access to over 500 digital assets, and in-depth market research to empower your financial journey.
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The aviation sector is abuzz, with Qantas cutting its Asian arm, Virgin is gearing up for an IPO, while Rex could have a new buyer and relist on the ASX soon.
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Qantas will end its Jetstar Asia offering, refolding its 13 aircraft back into its network, with 500 jobs to be lost.
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The ASX hits an all-time record high; the US & China get down to talks in London; Anthony Albanese opens up his second term by calling for a productivity summit; Monash IVF has second embryo transfer problem; AI use become popular in small business; and Henry Jennings joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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While artificial intelligence is the rage everywhere, small businesses are using practical applications of the new tech to save money and time.
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The Australian share market hit an all-time high, even with fears about tariffs and political instability hitting the market
MARKET WRAP:
- ASX200: up 0.84% to 8,587
- GOLD: $3,330 US/oz
- BITCOIN: $167,552 AUD
- Woodside rose 0.7%, Santos up 1.2% and Yancoal gained 4%, as oil prices were higher.
- Commonwealth rose 1.2% to $182 a share, with NAB up 1.5%, ANZ up 1.1% and Westpac up 1%.
- Austal shares lifted 7.3% to $6.19.
- Metcash up 3.5% to $3.51
- Next DC 5.2% higher on news of contract wins.
- Ora Banda Mining still fell 4.6% to $1.05.
- Backwards by more than 1% were Seven Group Holdings, Evolution Mining and Qantas.
CURRENCY UPDATE:
- AUD/USD: 65.1 US cents
- AUD/GBP: 48.3 pence
- AUD/EUR: 57 Euro cents
- AUD/JPY: 94 Japanese yen
- AUD/NZD: 1.08 NZ dollars
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Anthony Albanese will look to boost productivity, starting with a roundtable of industry leaders & unions. So what’s the key to unlocking economic growth?
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The ASX climbed to its all time high finished, buoyed by the news that the US and China were on speaking terms again.
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Despite the turmoil on markets this year, the ASX is still more than 4% higher approaching the midpoint of the year.
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With the property market set to take off again through the back half of 2025, how can you get involved to see passive investment ticking off your financial goals?
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The US descends into chaos, as talks set to resume with China over tariffs; former Business Council CEO honoured; tech giants push for energy storage; ASX having a good year; passive investing in property; and with the ASX closed, Elio D’Amato talks to us about green investment in the Market Wrap
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Francis Fuller
Publisher: Nine Radio
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Jennifer Westacott has been honoured for her service to business & education in the King’s Birthday awards.
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Just One Big Beautiful Bill was enough to split the bromance up between Elon Musk and Donald Trump, but will the fallout hurt Tesla shareholders even more?
Trying to win your loyalty is the game for Telstra and Optus right now, but what do you value more – AI or coverage?
And the ASX ends the week in sight of new record highs.
Tara Donnelly, Canstar Blue’s Utilities Editor.
Host: Tom Storey
Email us your thoughts to moneynews@nine.com.au
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Trade surplus contracts as GDP needs a boost; beef producers surviving in the wake of tariffs & bad weather; winter fruits dropping in prices; DNA data up for auction; lithium gets some love; newsrooms expanding; Toys R Us goes under; and Tony Sycamore joins us for the Market Wrap
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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While cost-cutting has been the theme of media for many years, does the expansion of a few newsrooms signal better times ahead?
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Fruit and veg prices are adding less pressure to inflation, with many items under $5/kg heading into winter.
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The lithium sector finally received some good news, but could this be the start of something bigger for the stagnating metal?
MARKET WRAP:
- ASX200: down 0.03%, 8538
- GOLD: $3,397 US/ounce
- BITCOIN: $160,926 AUD
- Lithium miners were up, with Mineral Resources closing 14.8% higher, Pilbara gaining 12.5% and IGO rising 9.6%.
- Lynas Rare Earths rose 12.5% after China implemented controls on rare earth minerals.
- Commonwealth closing 0.1% despite some profit-taking in the session.
- Fortescue, Seven Group Holdings, and James Hardie were all up over 1%.
- Regis Healthcare down 4.5% to $7.61
- Brent crude oil fell back below $65 US a barrel, sending Woodside down 0.4% and Santos down 0.8%.
- Falling by over 1% were CSL, QBE and Computershare.
CURRENCY UPDATE:
- AUD/USD: 65.0 US cents
- AUD/GBP: 48 pence
- AUD/EUR: 57 Euro cents
- AUD/JPY: 93 yen
- AUD/NZD: 1.07 Dollars
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Tariff movements threatened to hurt Australia’s beef industry, but could natural weather events be much more of a problem?
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The ASX was steady after mixed results, while we might need more from our exports if GDP is to grow again.
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The Australian economy has grown, but only just rising 0.2% in the March quarter, Combank becomes the first company on the ASX to break $300b, Elon Musk attacks Donald Trump's spending, and homebuyers are prepared to spend big money on energy efficient homes.
Host: Deborah Knight
Executive Producer: Charlie Meller
Technical Producer: Liam Achurch
Publisher: Nine Radio
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New data shows that buyers are looking for energy efficient homes
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Combank hits $300b and GDP numbers affect the market
MARKET WRAP:
- ASX200: up 75 points or 0.89% to 8,541.8
- GOLD: $3,355.27 US
- BITCOIN: $163,115
- A bumper day on the markets today after a favourable US jobs report overnight saw the ASX 200 climb close to an all time high - up 0.9% or 75 points to 8542.
- The sharemarket was buoyed by a 1% rally for the Commonwealth bank which topped $181 a share for the first time - making it the first ASX listed company to be valued at more than $300 billion dollars.
- The other banks followed suit, with Westpac seeing a1.6% rise despite an ASIC decision to sue its subsidiary RAMS for alleged systemic misconduct.
- 9 of the 11 sectors finished higher, with telecommunications and staples finishing down 0.2 and 0.3% respectively
CURRENCY UPDATE:
- AUD/USD: 65 US cents
- AUD/GBP: 48 Pence
- AUD/EUR: 57 Euro cents
- AUD/JPY: 93 Yen
- AUD/NZD: 1.08 NZ dollars
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Quarterly GDP data shows the Australian economy has grown 0.2%
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GDP grew a measly 0.2% in the March quarter, which will push the RBA to enact another rate cut in their July meeting. Meanwhile the ASX has climbed within a hairsbreadth of an all time high.
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The Fair Work Commission boosts the minimum wage by 3.5%; Labor’s superannuation changes continues to face opposition; the ATO monitors tax movements on super accounts; uncertainty drives RBA decision-making; worker demands change; ‘stayvestors’ becomes a new category’; and Evan Lucas joins us for the Market Wrap
Host: Deborah Knight
Executive Producer: Tom Storey
Associate Producer: Janette Lakiss
Technical Producer: Liam Achurch
Publisher: Nine Radio
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While small businesses already struggle to attract the best talent to their operations, does a shift towards work-life balance demands make it easier or harder?
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As student migrant numbers are culled, the fortunes of ASX-listed IDP Education have taken a hit.
MARKET WRAP:
- ASX200: up 0.63%, 8466
- GOLD: $3,362 US/ounce
- BITCOIN: $162,666 AUD
- Westpac up 1.4%, ANZ & Commbank 1.3% higher, and NAB gaining 1.2%.
- Evolution rose 4%, Genesis Minerals gained 4.6%, and Newmont was 4.3% higher.
- Up by more than 1% were Goodman Group and Chemist Warehouse owners Sigma.
- IDP Education dropped more than 48% to $3.88 after telling the market it expects a drop in profits following global uncertainty in tertiary student movements.
- Domino’s Pizza made changes at the executive level sending shares down 2.2%.
- In negative territory were CSL, Aristocrat and Life 360.
CURRENCY UPDATE:
- AUD/USD: 64.6
- AUD/GBP: 47.8 pence
- AUD/EUR: 56 Euro cents
- AUD/JPY: 92 yen
- AUD/NZD: 1.07 Dollars
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The Opposition will continue to push back on the changes to superannuation tax proposed by the government.
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The minimum wages will rise to $24.94 after the Fair Work Commission approved an increase of 3.5% to take effect on the 1st of July.
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The future of AI put on the national agenda by the Business Council; Soul Patts & Brickworks enter into a merger; US and China again strained in trade relationship; Donald Trump lifts tariffs on steel & aluminium; planning your retirement; Imax plans more cinemas for Australia; and Adam Dawes joins us for the Market Wrap
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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While it’s never too late to plan when you want to retire, trying to beat the market might see your super end up worse off in the long run.
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The trade war between the US and China has threatened to boil over again, just weeks after a truce was declared.
MARKET WRAP:
- ASX200: down 0.24%, 8414
- GOLD: $3,289 US/ounce
- BITCOIN: $162,704
- Soul Patts rose 16.4%, and Brickworks gained 27.6% after a $14 billion merger deal was struck.
- Aluminium companies were scared off by the weekend lift in tariffs by the US, with Alcoa down 4.8%, and South32 dropping 3.6%.
- BHP lost 1.2%, Fortescue down 2.5% and Rio Tinto off by 1.7%.
- Mineral Resources fell another 11.8% to $19.58.
- Bluescope Steel gained 4.4% to $23.75
- James Hardie up 1.4% to $35.94
- Wisetech, Sigma Healthcare, and Origin Energy were all lower
- Up by more than 1% was QBE, Coles and Xero
CURRENCY UPDATE:
- AUD/USD: 64.8 US cents
- AUD/GBP: 47.8 pence
- AUD/EUR: 56 Euro cents
- AUD/JPY: 92 yen
- AUD/NZD: 1.07 Dollars
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Washington H Soul Pattison will merge with Brickworks in a deal worth $14 billion, after a long courtship finally took the next step.
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A $14 billion deal between Washington H Soul Pattison and Brickworks will put an end to a 56-year protection arrangement, which steel & aluminium again feels the wrath of Trump.
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Just as quickly as tariffs were halted, they could be back on again, after a US appeals court said it would hear the case.
Retail spending was softer over the month of April, falling 0.1% due to unseasonally warm weather.
The AFR Rich List for 2025 puts Gina Rinehart at the top of the tree with $38.1 billion in wealth.
And the ASX puts record highs in its sights again.
Interview with Yolanda Redrup, AFR Rich List Editor.
Host: Tom Storey
Email us your thoughts to moneynews@nine.com.au
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Donald Trump will have to fight to get his tariff plan through, after a trade court found he used impermissible means to get them legislated.
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Inflation remains steady at 2.4%; the reunited Coalition announces its shadow cabinet; Woodside gets approval on its North West Shelf project; how Victoria is aiming to fix its ailing business sector; helping businesses squeeze rewards out of everyday costs; Myer’s new loyalty project; almond prices rise; and Carl Capolingua joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Assistant Producer: Taylor Capannolo
Technical Producer: Karl Bianco
Publisher: Nine Radio
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With businesses already having to outlay huge costs, a fintech company is helping them reap some rewards through frequent flyer points.
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The inflation rate came in steady, but it disappointed some investors who were hoping for better signs on rate cuts.
MARKET WRAP:
- ASX200: down 0.13% to 8,396
- GOLD: $3,342 US/oz
-
BITCOIN: $169,222 AUD
-
Web Travel Group saw its shares rocket 12.4% to $5.26
- Goodman Group lifted 0.9% to $32.96 on its 3rd quarter update.
- Up over 1% was REA, Pro Medicus and Qantas.
- The big four banks all slid, with NAB the worst, down 1.1%.
- Mineral Resources cut its full-year guidance on iron ore, sending shares down 5.5% to $22.45.
- While Fisher and Paykel Healthcare dropped 4.8% to $32.49, despite revenue climbing over $2 billion for the first time.
CURRENCY UPDATE:
- AUD/USD: 64.5 US cents
- AUD/GBP: 47.7 pence
- AUD/EUR: 56 Euro cents
- AUD/JPY: 92 Japanese yen
- AUD/NZD: 1.07 NZ dollars
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Victoria’s state budget showed that net debt is on track to blow out to $194 billion, so what does the state need to get back on track?
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The Australian share market finished slightly lower, even with the energy sector jumping from the news that Woodside would be able to extend the life of its North West Shelf project.
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Australian energy costs to grow, as the former RBA governor calls for more supply; Telstra pivots towards infrastructure; ATO’s reminder on GST fraud; Small Business Ombudsman sees green shoots; the new $7 billion Universal theme park set to take on Disney dominance; and Henry Jennings joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Year13 is building its business by making the bridge between leaving school and entering the workforce.
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Telstra is taking its business in a new direction, choosing to focus on infrastructure as the AI era continues to drive business.
MARKET WRAP:
- ASX200: up 0.56% to 8,407
- GOLD: $3,342 US/oz
- BITCOIN: $170,130 AUD
- Commonwealth Bank again edged towards another record high at $175.34.
- Neuren Pharmaceuticals rose 4.5% to $14.05 after an AGM speech.
- Aristocrat gained 1.9%, Wisetch was 2.2% higher, and Brambles was up by 3%.
- REA slid 3.5% after it was confirmed that the ACCC was in the early stages of a probe
- Dropping by more than 1% was Evolution Mining, Bluescope Steel and Mirvac.
CURRENCY UPDATE:
- AUD/USD: 64.5 US cents
- AUD/GBP: 47.6 pence
- AUD/EUR: 56 Euro cents
- AUD/JPY: 92 Japanese yen
- AUD/NZD: 1.08 NZ dollars
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Australia’s energy bills are set to rise from July 1, with the former head of the RBA saying that energy costs are stifling business & productivity.
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The ASX 200 had another winning day as Telstra outlined its plan for a new direction.
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With cost of living pressures still affecting many Australians, the hurt to both the hip pocket and to mental health is evident.
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Is Wisetech’s $3.2 billion move for e2open as much about changing the view of the company as it is about the deal itself?
MARKET WRAP:
- ASX200: flat 0.00%, 8361
- GOLD: $3,365 US/ounce
- BITCOIN: $168,447
- Origin Energy shares dropped 4.9% to $10.51.
- Half year results from agribusiness Elders saw profits rise to $64.3 million, but shares down 6.7% to $6.16.
- Lower were ANZ, Rio Tinto, and Woodside.
- Wisetech Global announcing a $3.2 billion takeover of US logistics software firm E2open. Shares rose 4.7% to $104.75.
- Genesis Minerals was 2.1% higher after saying it would acquire the Laverton Gold Project for $250 million.
- Focus Minerals jumped more than 80%
- Paladin up 8.8%, Boss up 7.3% and Deep Yellow up 13.7%.
CURRENCY UPDATE:
- AUD/USD: 65.1 US cents
- AUD/GBP: 48 pence
- AUD/EUR: 57 Euro cents
- AUD/JPY: 93 yen
- AUD/NZD: 1.08 Dollars
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Interest rate movements have already made a change to the property market, with the second highest clearance rate of the year recorded at weekend auctions.
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Healthscope goes into receivership; property prices predicted to rise, as auction clearance rates jump higher; the sorry state of small business; Only Fans up for sale; energy prices on the rise; warning on meat as drought conditions hit; natural disaster scam emerges; and Kyle Rodda joins us for the Market Wrap
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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The ASX didn't suffer the fate of Wall Street on Friday after talks between the US and the EU delayed tariffs of 50%, while Healthscope is looking to get itself off life support with a new owner.
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The Liberal and National parties look likely to address their differences and reunite after a week of turmoil almost saw the end of an 80-year arrangement.
The number of detractors of the government’s superannuation policy grows.
How to deal with intergenerational wealth transfer as the Baby Boomers continue to retire.
And the ASX ends the week on a high.
Interview with Marshall Ross, Partner Education Manager at MLC Life Insurance
Email us your thoughts to moneynews@nine.com.au
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The Productivity Commission will seek feedback on its plan to boost the nation’s growth, with the government on board.See omnystudio.com/listener for privacy information.
MARKET WRAP:
- ASX200: down 0.45%, 8348
- GOLD: $3,334 US/ounce
BITCOIN: $171,650 AUD
- BNPL pioneer Zip fell 6.5% to $1.87 after rival Klarna warned it was seeing more customers struggling to repay their loans.
- Wesfarmers expects losses in its lithium business, with shares down 1.2% to $83.90.
- Brent Crude fell back below $65 US a barrel, wiping 1.3% from Woodside and 0.9% from Santos.
- Rio Tinto CEO Jakob Stausholm will step down later in the year.
- Fortescue also announced aftermarket that its energy head Mark Hutchinson would exit the company after almost three years.
- SKS Technologies, soaring 21% after securing a $100 million contract for a data centre project.
- Northern Star Resources up 5.4% and Newmont 2.3% higher.
- Insurer IAG was up by 2.7% after the ACCC cleared the way for it to buy RACQ.
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Executives walk at both Rio Tinto and Fortescue; Bitcoin cracks through $110,000USD; Productivity Commission seeks opinions on how to boost the economy; Women’s State of Origin outrates the Men’s AFL; NBA playoff tickets selling for up to $62,000; and Tony Sycamore joins us for the Market Wrap
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Chris Blancato
Publisher: Nine Radio
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The second Women’s State of Origin match outrated the AFL’s Thursday night offering, helping again to put women’s sport on the broadcasting map.
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The passage of a stablecoin bill through US Congress has given hope to crypto traders about good times ahead, helping Bitcoin break new ground.
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Elon Musk recommits to Tesla; Twiggy Forrest warns on Chinese demand for iron ore; electric vehicle conversions growing for business transport; PwC escapes scrutiny earlier than expected; mortgage holders playing the waiting game for rate cuts; Westpac likely to cut 1500 jobs; and Grady Wulff joins us for the Market Wrap
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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The Reserve Bank has lowered the cash rate, but some mortgage holders will be waiting up to a couple of weeks for the changes to take hold. Visit https://www.athena.com.au/?utm_medium=podcast&utm_source=money_news&utm_campaign=may25_rate_drop
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Travel agency bookings for domestic flights have been softer, which could cause problems for Webjet.
MARKET WRAP:
- ASX200: up 0.52%, 8386
- GOLD: $3,292 US/ounce
- BITCOIN: $165,309 AUD
- Seek on track to hit the top half of guidance on its revenue and profit, sending shares up almost 7% to $23.69.
- Commbank up 1.5%, NAB up 1.2%, and ANZ up 0.3%.
- Even after signalling 1500 job losses would be on the way, Westpac still rose 0.2%
- Woodside and Santos both up by more than 1%.
- WebJet was flat as it reported a net profit after tax of $5.1 million.
- Mayne Pharma dropping almost 30% to $4.55 as its $672 million takeover by US-based Cosette looked under threat.
- James Hardie lost 6.2% after saying the US renovations market was not as strong as it would like.
- Down more than 1% was Aristocrat Leisure, Computershare and Suncorp.
CURRENCY UPDATE:
- AUD/USD: 64.4 US cents
- AUD/GBP: 48 pence
- AUD/EUR: 57 Euro cents
- AUD/JPY: 92 yen
- AUD/NZD: 1.08 Dollars
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The increase in demand for electric vehicles has extended to business transport, with Janus Electric relisting on the ASX today.
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Can Australia's huge success in iron ore continue, especially if China commits to green steel? Twiggy Forrest isn't so sure...
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The Reserve Bank cuts the cash rate by 25 basis points to 3.85%; the National Party leaves the Coalition; Technology One rides the tech boom; Victoria’s government debt to balloon to $194 billion; how to build a gelato empire; and Evan Lucas joins us for the Market Wrap
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Every small business dreams of making it big, so how has a gelato empire been built from just a single store?
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A credit rating downgrade of the US hurt the Australian share market, but how significant is it for investors?
MARKET WRAP:
- ASX200: up 0.58%, 8343
- GOLD: $3,229 US/ounce
- BITCOIN: $163,965 AUD
- Technology One, which posted a 33% increase in profit to $81.9 million, shares up 11.3% to $36.76.
- Wistech rising 2.7% and Life360 up 1.6%.
- Commbank again hitting fresh highs at $172.43.
- Wesfarmers, Goodman Group and Telstra all finished higher.
- Regis Resources down 1.1% to $4.55.
- Utilities stocks were lower again, with Origin, APA Group and AGL all down.
- Falling by more than 1% were Northern Star, Resmed and Fisher & Paykel Healthcare.
CURRENCY UPDATE:
- AUD/USD: 64.2
- AUD/GBP: 48 pence
- AUD/EUR: 57 Euro cents
- AUD/JPY: 93 yen
- AUD/NZD: 1.09 Dollars
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The Reserve Bank has cut the cash rate for the second time in three meetings, with mortgage holders breathing a sigh of relief.
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The Reserve Bank has cut the cash rate to 3.85% after both trimmed mean and headline inflation settled in the target band.
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The Productivity Commission sets out its big picture goals; Labor’s superannuation changes attract more criticism; the downgrade of the US government set to hit markets; the Vic government predicts a surplus in its Budget; and Adam Dawes joins us for the Market Wrap
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Rate cuts could be on the way, so what sort of effect will any movement actually have for households?
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Chemist Warehouse makes the ASX; reporting season continues, with Temple & Webster, Treasury Wines, Domain Holdings and IAG under the microscope; parliamentary fight over political donations; the Productivity Commission seeks public ideas; “right to disconnect” slashes unpaid overtime; and Tony Sycamore joins us for the Market Wrap.
Hosts: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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The Productivity Commission has opened up to public suggestions in the hope that Australians know how to get the country growing again.
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Another big day of earnings with Temple & Webster, Treasury Wines, Domain Holdings and IAG all under the microscope.
MARKET WRAP:
- ASX200: up 0.06%, 8,540
- GOLD: $2,944 US/oz
-
BITCOIN: $153,414 AUD
-
Temple & Webster’s profit jumped 118% to almost $9 million on increased sales, with shares up 13% to $16.14.
- Domain Holdings pushed almost 7% higher to $2.92 after the company reported revenue growth of 7.4%.
- South 32 up 4.1%, Newmont up by 3.2%
- Mineral Resources – which confirmed CEO Chris Ellison would exit the business – gained almost 7%.
- Treasury Wines reported weaker sales with shares dropping 5.7% to $10.51.
- IAG saw a lift in its profit, but shares dropped more than 12% to $7.80.
- Pro Medicus fell 3.2% to $279.08 after disappointing on its earnings.
CURRENCY UPDATE:
- AUD/USD: 62.97 US cents
- AUD/GBP: 50.4 pence
- AUD/EUR: 60 Euro cents
- AUD/JPY: 97 Japanese yen
- AUD/NZD: 1.11 NZ dollars
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A fight over tariffs, and political donations in the spotlight, but has parliament sat for the last time before an election is called?
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Small gains saw a new record on the market, but after years of rumours & months of negotiations, Chemist Warehouse is finally listed on the ASX.
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Commonwealth Bank posts a $5.13 billion profit for the first half; more fixed rate loans cut; the BHP Chairman departs; Rex to potentially get a government lifeline; barley production set for a bumper year; average new home loan size hits new high; bubble tea creating billionaires and Grady Wulff joins us for the Market Wrap as AGL, Suncorp & Evolution Mining report.
Hosts: Deb Knight
Executive Producer: Tom Storey
Technical Producers: Liam Achurch
Publisher: Nine Radio
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Australia is set for a bumper year of barley production, but with less demand for beer, do we need to raise a glass to help the farmers?
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Earnings season continues, with Commonwealth Bank, AGL, Suncorp and Evolution Mining all in the spotlight today.
MARKET WRAP:
- ASX200: up 0.61%, 8,535
- GOLD: $2,919 US/oz
-
BITCOIN: $152,578 AUD
-
CBA up another 2.4% to a new high of $165.98.
- Strong first half earnings of $287 million helped ComputerShare to lift 15.5% to $41.53.
- Suncorp shares up 1.3% to $20.62.
- AGL just managed to finish in the green as it bore the brunt of increased coal costs.
- While higher gold prices contributed to record earnings for Evolution Mining, with shares up 1.1% to $6.29.
- The tech sector finished down, with losses of 1.6% for Xero, Technology One sinking 1.8%, and NextDC dropping 2.4%.
- Down by more than 1% were Pro Medicus, James Hardie and Northern Star Resources.
CURRENCY UPDATE:
- AUD/USD: 62.91 US cents
- AUD/GBP: 50.5 pence
- AUD/EUR: 60 Euro cents
- AUD/JPY: 96 Japanese yen
- AUD/NZD: 1.11 NZ dollars
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The Commonwealth Bank posted a first-half profit of $5.13 billion, but will the potential of rate cuts alter the outlook for the bank?
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The biggest on the ASX made even more ground as Commonwealth Bank reported first half profits of $5.13 billion.
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The debate on steel & aluminium tariffs rages on as the PM makes a call to Donald Trump; and uptick in business & consumer confidence could signal a better time for retailers; bank deal to help keep regional branches open; only 1 in 4 Australians celebrate Valentines Day, but will you be talking super with your loved one?; and Evan Lucas joins us for the Market Wrap as CSL, SGH, SWM and BRG report.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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It’s Valentine’s Day this week, so what’s better than a romantic dinner with your partner and a conversation about superannuation?!
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A better outlook on advertising for Seven West Media helped drive it to gains on the market after its half-year report.
MARKET WRAP:
- ASX200: up 0.01%, 8,484
- GOLD: $2,941 US/oz
-
BITCOIN: $156,560 AUD
-
Industrial stocks were up 1% percent, while Health Care was the worst sector, down 2.9%.
- CSL which blamed falling vaccination sales in the US for its earnings of $2.01 billion being below market expectations.
- Shares finished almost 5% lower, to $256.96.
- Seven Group jumped 6.1%
- Seven West Media also gained 6.1%.
- Nine Entertainment lifted a huge 14%.
- Gold miners Northern Star up 4%, Evolution gaining 4.9%, and De Grey lifting 3.9%.
- Macquarie Group was up 1.6% to $231.54 after its 3rd quarter trading update
- Breville Group down 2.2% despite a 10% increase in revenue, and a 16% lift in net profit to $97.5 million.
- Dominos Pizza dropped 3.5% to $34.73, potentially driven by profit taking after Friday’s big share price surge.
CURRENCY UPDATE:
- AUD/USD: 62.81 US cents
- AUD/GBP: 50.9 pence
- AUD/EUR: 61 Euro cents
- AUD/JPY: 95 Japanese yen
- AUD/NZD: 1.11 NZ dollars
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Business & consumer confidence is getting better, and retailers could stand to benefit – particularly if we get a rate cut next week.
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With Valentine’s Day just around the corner, older Australians are being encouraged to be on the lookout for romance scams.
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A bad result for influenza vaccine sales in the United States saw CSL shares head backwards, a drag on the rest of the ASX today.
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US tariffs on aluminium & steel sets off a diplomatic fight for the Albanese government; Wisetech Global Richard White faces fresh legal action; Star Entertainment again in the wars; the earnings of JB Hi-Fi, Ansell & CAR Group lead reporting season; how we can protect older Australians from romance scams; a new $150 million property sale record; and Adam Dawes joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Francis Fuller
Publisher: Nine Radio
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A new Trump tariff moved the markets, but how hard will Australian companies actually be hit by the news?
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Prime Minister Anthony Albanese will need his best diplomatic skills to get Australia an exemption on steel & aluminium tariffs.
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Half-year reporting continued, but it was the tariff movement by Donald Trump of steel & aluminium moving the market.
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A week of market volatility still has the ASX not far off record highs. Should you consider gold as part of your portfolio? And a new direction for Dominos send its shares soaring.
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CEOs push the government for a cut to red tape, as Jacqui Lambie goes on the attack; the trade surplus drops to $5.1 billion; Commonwealth Bank hits a new high, driving the market forward; News Corp shares boom as Sky News revenue comes in at $27 million; phone users pick Apple over Samsung; and Scott Phillips joins for the Market Wrap to explain how share buybacks work.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Sky News has ridden the waves of its international online audience to help it to bring in $27 million in revenue across the last quarter.
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The big banks have continued their stellar run, with a new record high for Commonwealth Bank helping the market back up today.
MARKET WRAP:
- ASX200: down 0.61%, 8,378
- GOLD: $2,760 US/oz
-
BITCOIN: $163,460 AUD
-
Commonwealth Bank shares hit a new all-time high, up an impressive 2.6% to $162.64.
- NAB up 2.5% to $40.38, Westpac rising 2.2% to $34.00, and ANZ 2.6% higher to $30.95. Macquarie Group was also higher.
- News Corp rose 5.8% to $56.28 after the media company reported second quarter revenues were up 5%
- Wesfarmers rose 3.2%, and Brambles 2.1%.
- Beach Energy’s shares dipped almost 5% to $1.44 despite the gas exploration company seeing earnings up 20% to $587 million.
- Pexa Group lost 3% after it said it expects a $15 million hit in its results.
CURRENCY UPDATE:
- AUD/USD: 62.65 US cents
- AUD/GBP: 50.2 pence
- AUD/EUR: 60 Euro cents
- AUD/JPY: 95 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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The crossbench could have a much larger say in the next government, so is it up to the Teals to do their bit for small business?
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A huge day saw the ASX 200 gain 1.2%, with the banks continuing their form from last year to help drive the bourse forward.
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Senate stoush emerging on superannuation funds; costs for parents on the rise from extra-curricular activities; Alphabet disappoints the market with cloud-computing sales; venture capital flies into artificial intelligence; DeepSeek banned from government devices; billionaire Robin Khuda puts $100m into STEM; ; and Carl Capolingua joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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A quarter of venture capital funding is going into artificial intelligence, so can the Australian industry keep up?
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Australian reporting season is about to kick off, so how will company earnings look across February?
MARKET WRAP:
- ASX200: up 0.51% to 8,416
- GOLD: $2,887 US/oz
-
BITCOIN: $156,302 AUD
-
Mining & tech stocks led the way, with most of the eleven sectors up
- BHP rising 1.5%, Fortescue up 2% and Rio Tinto gaining 2.1%.
- Packaging giant Amcor saw shares up 2.9% to $16.17 after earnings met expectations for the last quarter.
- Another bid in the race for Insignia saw the wealth management firm rally 6.9% to $4.62
- The fire that ripped through a Cleanaway Waste Management depot in Sydney yesterday didn’t make its way to the market, with the company share price flat at $2.70.
- CSL, Fisher & Paykel and Telix all sinking.
- Macquarie Group was 3.6% lower despite the other major banks all gaining.
CURRENCY UPDATE:
- AUD/USD: 62.69 US cents
- AUD/GBP: 50.2 pence
- AUD/EUR: 60 Euro cents
- AUD/JPY: 96 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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The government’s move to raid superannuation accounts over $3 million is drawing criticism for not including indexation as a feature.
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The parent company of Google increased revenue & profits, but investors are more keen about what the future holds for its cloud computing division.
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US delays tariffs with Canada & Mexico, but leaves China charges in place; no guarantees on payments for scams; ACCC sends warnings to online retailers; smoking excise revenue falls; household spending hits $75 billion; Australian glassmaker in administration; and Henry Jennings joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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A decade-long increase in the government excise on tobacco products, has driven smokers to the black market and lost better health & revenue outcomes.
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Another night of tariff disruption for global markets, but will China’s lack of negotiation end up hurting Australian companies?
MARKET WRAP:
- ASX200: down 0.06% to 8,374
- GOLD: $2,839 US/oz
-
BITCOIN: $158,676 AUD
-
Cettire rebounding 7.2% to $1.26
- Pro Medicus saw gains of 5.2% to $283.92 after signing a $53 million contract with a US healthcare company to use its imaging platform.
- Tech gains were led by a rise of 3.6% for Wisetech Global.
- Gains for BHP, Fortescue & Rio Tinto.
- Seek finished the day flat after its proposed acquisition of reference check software company Xref fell through.
- Goodman, Scentre and Stockland all finished down.
- The Big Four banks all closed in the red
CURRENCY UPDATE:
- AUD/USD: 62.02 US cents
- AUD/GBP: 50.0 pence
- AUD/EUR: 60 Euro cents
- AUD/JPY: 96 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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The Business Council has outlined its wishlist for both sides of parliament as the final sitting weeks of the cycle got underway in Canberra.
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Delays to 25% tariffs on Mexico & Canada helped markets recover, but with no deal for China, there's more market turmoil to come.
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US tariffs on Mexico, Canada and China send global markets moving; NAB moves its fixed rate loans down; Anna Bligh to step down from ABA; property prices on the decline in major cities; retail sales better than expected; the bitcoin savings funds; and Elio D’Amato joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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It’s a buyer’s market, with property prices in Melbourne, Sydney and Canberra all heading backwards in January
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Trump’s tariffs tanked global markets, but could there be some ASX-listed entities that benefit from the global trade fall out.
MARKET WRAP:
- ASX200: down 1.79%, 8,379
- GOLD: $2,819 US/oz
-
BITCOIN: $155,130 AUD
-
Fisher & Paykel Healthcare said its cost pressures would increase from the Mexican tariffs, sending its shares down 7.4% to $31.80
- CSL was down 1.8%, Pro Medicus fell 3% and Resmed dropped 3.1%.
- A reduction in full-year guidance from Westgold after slower-than-expected progress on its mines saw its shares losing 12.4% to $2.26
- Fortescue down 4.4%, NAB shed 2.3% and Wesfarmers dropped 1.9%.
- KMD Brands rose 4.1% to 38 cents a share
- Regis Resources established a $300 million credit facility, sending its shares almost 2% higher.
- Telstra, Yancoal, and Seek swam against the tide to finish higher.
CURRENCY UPDATE:
- AUD/USD: 61.40 US cents
- AUD/GBP: 49.9 pence
- AUD/EUR: 59 Euro cents
- AUD/JPY: 95 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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The US will levy Canada, Mexico and China with tariffs to counteract fentanyl imports, but will it set off a global trade war?
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The ASX fell 1.8% on the day after it was hit by global uncertainty spurred on by Donald Trump's tariffs on China, Canada and Mexico.
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As the ASX grew to new record highs today, will the outlook for business be improving through 2025?
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The US Fed keeps rates on hold, prompting an attack from the new US President; tobacco excise revenue shrinks as punters turn to the black market; the ‘cost of living’ election campaign gets underway; Sigma Healthcare & Chemist Warehouse get closer to getting a merger done; back to school costs adds up for parents; and Tony Sycamore joins us for the Market Wrap.
Hosts: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Back to school costs are causing parents to go into debt, as prices for uniforms, stationary and co-curricular activities all head higher
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Zip were the talk of the ASX last year, gaining over 400%, but its quarterly update sent the financial services crashing today.
MARKET WRAP:
- ASX200: up 0.55%, 8,493
- GOLD: $2,780 US/oz
-
BITCOIN: $168,667 AUD
-
Karoon Energy shares jumped by 7.7% to $1.53 after the company announced an extra 75 million US dollar share buyback.
- Consumer gains were led by Aristocrat Leisure, up 3.7%, Harvey Norman 0.4% higher and JB Hi-Fi gaining 0.6%
- QBE, NAB and Brambles all gained more than 1%.
- Mineral Resources fell 0.9% to $35.93 after its quarterly update showed the company net debt had risen to $5.1 billion.
- Zip shares finished down more than 25% to $2.44 despite an increase in earnings in its quarterly update.
- Falls for Telstra, Transurban and Xero.
CURRENCY UPDATE:
- AUD/USD: 62.17 US cents
- AUD/GBP: 50.0 pence
- AUD/EUR: 69 Euro cents
- AUD/JPY: 96 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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With the election just months away, the promises on spending & savings from both the Government and Opposition are sure to pull votes.
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The US Fed left rates on hold over the uncertainty of Donald Trump's presidency, while the ASX closed up yet again.
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Inflation drops, setting the scene for the Reserve Bank; Pilbara Minerals gives a better outlook on lithium prices; Star Entertainment sells off parts of the business to stay afloat; almost half of Australians in debt following the Christmas period; Super Bowl tickets go on sale at a large premium; and Grady Wulff joins us for the Market Wrap.
Hosts: Deb Knight
Executive Producer: Tom Storey
Technical Producers: Liam Achurch
Publisher: Nine Radio
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Almost half of all Australians will start the year in debt, with Christmas costs adding up.
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With inflation moderating, Australians might get a rate cut soon. But who will be the winners & losers on the ASX?
MARKET WRAP:
- ASX200: up 0.57%, 8,447
- GOLD: $2,764 US/oz
-
BITCOIN: $164,613 AUD
-
Utility stocks saw the biggest bump - up 2.1%
- Increased optimism around the state of the lithium market sent Pilbara Minerals shares up 3.5% to $2.36.
- Perseus Mining was higher by 3.7% after reporting a rise in gold production in the December quarter.
- Utilities gains were led by Mercury, up 7.7%, AGL up 3.2% and Origin Energy up 1.6%.
- 890 million new shares hitting the market as part of the Myer-Premier Investments deal sent Premier’s shares down 20.7% to $22.67.
- Myer fell 5.2% to 91 cents a share.
- Miners BHP, Rio Tinto and South32 all saw losses, while a mixed day for the banks saw Commonwealth and NAB in the red.
CURRENCY UPDATE:
- AUD/USD: 62.39 US cents
- AUD/GBP: 50.1 pence
- AUD/EUR: 60 Euro cents
- AUD/JPY: 96 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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A better-than-expected result on Australia’s quarterly inflation has increased the chance that we’ll get a rate cut at the February meeting of the RBA board.
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Inflation is dropping back towards the RBA's targets, so will a headline result of 2.4% for the last quarter set the scene for a February rate cut?
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DeepSeek uproots the AI market; Nvidia value wiped on the new tech; should skills crises be fixed with careers counsellors in school?; WA the best state economy; NAB Business Survey shows uptick in conditions; credit card to lose their numbers; and Evan Lucas joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Credit card companies are looking for the next big thing in security, but will removing the numbers do anything?
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Sigma Healthcare got a bump on the market as its merger partner Chemist Warehouse reported record sales.
MARKET WRAP:
- ASX200: down 0.12%, 8,399
- GOLD: $2,745 US/oz
-
BITCOIN: $164,265 AUD
-
Wisetech Global dropped half a percent, NextDC fell 7.2, while Goodman Group plunged 8.2%.
- Also tumbling were the energy companies – Origin down 3.4%, AGL down 2.3% and Yancoal off by 3.7%.
- Sigma Healthcare took off, as its merger partner Chemist Warehouse reported record sales. Shares were up 12.2% to $3.03.
- Consumer stocks were led higher by Wesfarmers rising 1.1% and Aristocrat gaining 4.2%.
- The Big Four banks all finished in the green - Westpac 1.2% higher – but Macquarie lost 1.5%.
- A warning by Nuix that it would post a half-year fall in earnings saw its shares dive more than 20% to $4.31.
CURRENCY UPDATE:
- AUD/USD: 62.53 US cents
- AUD/GBP: 50.3 pence
- AUD/EUR: 60 Euro cents
- AUD/JPY: 97 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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DeepSeek is the latest disruptor in the AI world, and has caught the eye of the market after claiming to be a cheaper & more energy efficient option for the new tech.
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DeepSeek has entered the AI race as a cheap & open option, causing US tech stocks to take a dive in Wall Street trading.
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Donald Trump has Colombia in his sights for tariffs; honouring an Aussie tech founder on Australia Day; DeepSeek enters the AI race; looking at how CFS made it to number one for super accounts; does the Australia Day lamb ads actually increase sales; and the ASX was closed for the Australia Day public holiday.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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The legendary ad campaign by the Meat and Livestock Association has put lamb back on our tables over Australia Day.
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Colonial First State has brought in exceptional returns on its growth superannuation accounts. But how was it achieved?
MARKET WRAP (ASX CLOSED FOR PUBLIC HOLIDAY)
- ASX200: up 0.36%, 8,408 (Friday)
- GOLD: $2,762 US/oz
- BITCOIN: $158,830 AUD
CURRENCY UPDATE:
- AUD/USD: 62.87 US cents
- AUD/GBP: 50.5 pence
- AUD/EUR: 60 Euro cents
- AUD/JPY: 98 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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The founder of one of the nation’s largest tech companies tells his story after being recognised in the Australia Day honours.
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Are you one of the 8.4 million Australians who don't use a subscription they're paying for?
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Moves across the retail sector; Donald Trump enacts cuts against public sector DEI departments; the federal government takes on $50 million of debt to keep regional airline Rex afloat; shake up in regional TV newsrooms; Tim Tams: in the fridge or out?; and Scott Phillips joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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The changes don’t stop in the Australian media landscape, with a shakeup for regional newsrooms and rights to the EPL potentially on the move
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Myer & Premier Investments shareholders have given the greenlight to a brand swap deal, but who will emerge as the real winners?
MARKET WRAP:
- ASX200: down 0.61%, 8,378
- GOLD: $2,760 US/oz
- BITCOIN: $163,460 AUD
- BHP down 1.7%, Pilbara Minerals down 3.7% and MinRes falling 3.3%.
- Fortescue shares fell by 2.2% to $18.62 despite the mining giant shipping almost 50 million tonnes of iron ore across the last quarter.
- A greenlight from shareholders of Myer and Premier Investments over a brand swap deal saw Myer’s shares rising 6.1% to 96 cents a piece. Premier went backwards, down a little, 0.7% to $26.85.
- Regis Resources climbing 3.9% to $3.21 after reporting its quarterly production figures.
- Gains in the Utilities sector were led by Origin Energy, which lifted 1.3% to $11.32.
- Falls of more than 1% were Wesfarmers, Goodman Group and Woolworths.
CURRENCY UPDATE:
- AUD/USD: 62.65 US cents
- AUD/GBP: 50.9 pence
- AUD/EUR: 60 Euro cents
- AUD/JPY: 98 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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Donald Trump is slashing public sector jobs in Diversity, Equity & Inclusion roles, so will corporate America follow?
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Myer will acquire Premier Investments' clothing brands after getting the approval from shareholders, as the ASX took a fall as mining stocks tumbled.
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Day Two of Donald Trump’s presidency brings even more changes; AI joint venture to invest in tech; tariff speculation moves markets; business outlines its desires ahead of the 2025 election; ANZ under investigation; polls show concerns over cost of living & inflation; loopholes help criminals avoid compensation payments; and Carl Capolingua joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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The US President is making moves that are changing markets, but will it keep up the pace for the next four years?
MARKET WRAP:
- ASX200: up 0.33% to 8,429
- GOLD: $2,764 US/oz
-
BITCOIN: $168,036 AUD
-
Tech stocks gained on the news of Trump’s AI joint venture. Wisetech up 2.9%, Xero up 2.4% and Life 360 jumped 3.4%
- Boss Energy up 14.2% to $3.22, Paladin 10.1% stronger and Deep Yellow gaining 7.3% in a good day for uranium miners
- Gold prices reached 3-month highs helping Evolution up 4.1% to $5.89, while Bellevue was up 3.5% to $1.18.
- Industrial stocks were 1.2% higher, as Qantas gained 3.7% and Seven Group lifted 2.9%.
- Woodside dropped 1.9% to $25.25 after it said production in the last quarter had dropped by 3%.
- Iluka dropped 7% to $4.95 despite its quarterly review showing a rise of 23% in output.
- And BHP, CSL and Aristocrat all tumbled by more than 1%
CURRENCY UPDATE:
- AUD/USD: 62.62 US cents
- AUD/GBP: 50.81 pence
- AUD/EUR: 60 Euro cents
- AUD/JPY: 97 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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Advocates are moving to shut down a loophole in the system that has seen criminals use superannuation to deny victims access to compensation.
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The Australian election is expected to be a tight contest, but the Chamber of Commerce is pushing for whoever wins to reform the tax system and repair the budget.
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Donald Trump's policy agenda continues to send ripples through global markets, with Aussie companies benefiting from his tariff plan.
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Donald Trump moves markets as he signs a stack of executive orders; the Victorian government moves to make fuel pricing more transparent; BHP ups its copper production; Wesfarmers to shut down online retail arm Catch; business insolvencies up through first half of financial year; smoothing out cash flow for retailers; and Henry Jennings joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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The post-Christmas period can be a struggle for small businesses, but new ideas could help smooth cash flow.
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Wesfarmers will close its online retailer Catch after it faced increased competition from Amazon, Shein and Temu.
MARKET WRAP:
- ASX200: up 0.66% to 8,402
- GOLD: $2,740 US/oz
-
BITCOIN: $163,365 AUD
-
Wesfarmers shares gaining 1.6% on the day to $72.88
- Liontown reported better than expected cashflow in its quarterly update, helping it to lift 11.9% to 70.5 cents a share.
- HUB24 shares leaping 11% to $72.43.
- Gains for NAB, Westpac and ANZ as the financial sector rose by 1.25%.
- Carnarvon Energy shares down more than 22% after Santos put joint-venture plans for a $3.2 billion oil and gas project on hold. Santos slid 2.2% to $7.13.
- CSL, Goodman Group and Xero all finished down.
CURRENCY UPDATE:
- AUD/USD: 62.42 US cents
- AUD/GBP: 50.8 pence
- AUD/EUR: 60 Euro cents
- AUD/JPY: 97 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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The US wasn’t the only country to change leadership in the last year, so how will geopolitical risks impact business in 2025?
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Markets moved as the "Day One" Trump tariffs didn't come to fruition, with the ASX 200 now getting close again to record highs.
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Expectations on economics & finance in 2025; Donald Trump’s presidency could bring in a new world of cryptocurrency; fears over the longevity of Star Entertainment; super system in need of more simplicity; the best performing funds of 2024; Australia increases its number of billionaires; and Elio D’Amato joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Australia’s compulsory super system has been in place for more than 30 years, but do we need more guidance heading into our retirements?
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Star Entertainment are looking for a cash injection, but with state governments unlikely to help, is this the end for the casino operator?
MARKET WRAP:
- ASX200: up 0.45%, 8,347
- GOLD: $2,748 US/oz
- BITCOIN: $172,773 AUD
- Dropping over 5% to $1.41 was Karoon Energy on disappointing news about its US exploration well.
- Woodside down 0.6% and Viva Energy, down 1.8%.
- Down by more than 1% were Transurban, Evolution Mining, and Ramsay Health Care.
- Commbank & NAB up 0.8%, and Macquarie gaining 1.9%
- Software company Iress lifted by 6.2% after saying it would sell its superannuation business for $40 million.
- And a loan from the US Department of Energy worth $1.6 billion helped lithium miner Ioneer to shoot up more than 20% to 20 cents a share.
CURRENCY UPDATE:
- AUD/USD: 62.18 US cents
- AUD/GBP: 50.9 pence
- AUD/EUR: 60 Euro cents
- AUD/JPY: 97 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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Donald Trump’s re-election to the White House signals big signs for cryptocurrencies, with crypto-backed loans getting the greenlight in the US.
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The Australian share market has started the year well, with gains over the last month, while Star Entertainment searches for cash.
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The world of media has not stopped turning, with the ABC appointing a new Managing Director – ex-Nine boss Hugh Marks
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Global markets tanked following the US rate cut decision, but can things be salvaged into 2025?
- ASX200: down 1.70%, 8,168
- GOLD: $2,626 US/oz
- BITCOIN: $162,865 AUD
- Tech stock falls were led by data centre operator Megaport, which dropped more than 10%, with Life360 down 3.8% and Xero dropping 2.6%
- Financials were lower - Commbank down 2.3%, Westpac sinking 2.4% and NAB falling 2.1%.
- Zip’s up-and-down run saw it losing 9% to $2.84.
- BHP, CSL, Wesfarmers, Fortescue, and Goodman Group were large cap stocks all down by more than 1%.
- Transurban managed to rise by 0.1% despite being made to pay $40 million to the operator of Melbourne toll road EastLink over ‘unjust fees’.
- And others escaping the carnage included QBE, Brambles, Coles and APA Group.
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Australia leads the world in skin cancer rates, so can a company upping our clothing protection help to fight the problem?
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The US Fed cuts rates, but signals that there could be less than first predicted in 2024; global markets tank; the Aussie dollar drops again; Australians choosing seafood over traditional meats for Christmas; ANZ suffers another blow; the Aussie company taking the fashion fight to skin cancer; the ABC appoints a new Managing Director; and Scott Phillips takes us through a big day of losses in the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Chris Blancato & Rhys Geddes
Publisher: Nine Radio
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While the US Fed did slash rates for the third time in a row, inflation fears are likely to kill off some monetary policy relief. That sent markets sinking, and the Aussie dollar to its lowest point in two years.
A very Merry Christmas from everyone at Money News. We'll be back with the podcast again in late January!
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The government has released its mid-year budget update, and the news is bleak, with more government spending leading to greater deficits in the future.
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The market barely shifted, awaiting a decision by the US Fed on interest rates overnight.
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The government flags more spending and bigger deficits in the Mid-Year Economic & Fiscal Outlook; the MCG puts its food prices up; tracking the best share market performers of 2024; the pitfalls of trying to start your own small business in the restaurant sector; Jaclyn Symes to be sworn in as Victorian Treasurer; and Carl Capolingua joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producers: Andre Molchanoff & Rhys Geddes
Publisher: Nine Radio
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Mark Levy might be known to most listeners for his work on the radio, but adding ownership of a restaurant has been a whole different experience, and one filled with red tape.
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The Federal Budget will creep even further into the red over the next four years, with government spending growing and growing.
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Australians are struggling with the cost of living, but will that put a dent in Christmas shopping this year?
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Consumer sentiment slides; where are all the passionfruits?; Aussies fork out for Christmas presents; Qantas to pay $120 million in compensation; predictions Bitcoin could go even higher; looking at how 2025 is shaping up for small businesses; the real costs of running our air conditioning over summer; and Grady Wulff joins us for the Market Wrap.
Hosts: Deb Knight
Executive Producer: Tom Storey
Technical Producers: Andre Molchanoff & Rhys Geddes
Publisher: Nine Radio
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With temperatures hitting unbearable levels across the East Coast, are we forking out too much to keep our houses cool?
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- ASX200: up 0.78%, 8,314
- GOLD: $2,666 US/oz
- BITCOIN: $168,264 AUD
- Six sectors gained more than 1%
- Energy dropped another 1.1%, including losses for Whitehaven Coal, which dropped 3.2%, and New Hope shed 1.4%.
- Graphite maker Novonix secured a loan of $755 million from the US government, with shares up 3.4% today, up to 60.5 cents a share.
- PEXA Group saw gains of 8.2% after appointing a new CEO.
- A solid performance from the banks saw Commbank up 1.6%, NAB rising 1.5%, ANZ up 0.8% and Westpac 0.7%
- Bega Cheese rose 3.2%, and Super Retail Group lifted 2.5%.
- APA shares back 1.5% to $7.18.
- GYG, Treasury Wine Estates and Mineral Resources all finished down.
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Small businesses have weathered a storm of economic headwinds this year, so how is 2025 shaping up?
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The ASX turned around recent fortunes to post a day in green, while Novonix secured a loan to set up a graphite plant in the US.
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Two new appointments to the Reserve Bank monetary policy board; rising travel, home & car insurance costs hit households; ASIC sues HSBC over scams; preparing ourselves over Christmas against scam action; Japanese water sells for ridiculous amount; and Elio D’Amato joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Andre Molchanoff
Publisher: Nine Radio
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DigiCo’s IPO was talked up, but a soft debut and second day blues put investors in the data centre hope on the back foot.
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Christmas can be a time for scam artists to target the vulnerable, so what can we do to protect ourselves over the time?
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The Treasurer has appointed Renee Fry-McKibben & Marnie Baker to the RBA monetary policy board after debate over the board's make up
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The RBA board has two new appointments to the monetary policy board, with former Bendigo Bank CEO Marnie Baker, and academic economist Renee Fry-McKibbin joining the ranks.
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Chances of a rate cut might be pushed back again with jobs figures indicating the labour market is still in a very strong position.
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With summer being the season of natural disaster events, most Australians are actually underinsured for their assets, including their homes.
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Jobs figures surprise, with unemployment dropping to 3.9%; ASX drops on jobs news, but the dollar strengthens; coming into the natural disaster season, do we have the right insurance for our homes?; experience gifts gain popularity at Christmas; Elon Musk grows wealth to over $400 billion; and Tony Sycamore joins us for the Market Wrap.
Hosts: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Chris Blancato
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Weaker performance by the energy companies across this year was helped with a jump in the oil price overnight.
MARKET WRAP:
- ASX200: down 0.28%, 8,330
- GOLD: $2,751 US/oz
- BITCOIN: $156,644 AUD
- Tech reversed its recent falls, staying green as the two biggest companies Wisetech and Xero finished higher.
- A lift in the spot price of gold back over $2700 US an ounce helped local miners today.
- Perseus and Regis both rose 0.7%, and Evolution was up 0.6%.
- Also rising by more than 1% were Suncorp, Qantas and Pro Medicus.
- Downer shares fell 6% to $5.37, while Ventia lost more than 22% to finish at $3.33.
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As gift giving for Christmas ramps up, more Australians are choosing experiences over physical items.
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Unemployment is back under 4%, with an unexpected lift in the jobs numbers all but guaranteeing the RBA won't move early on rate cuts in 2025.
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Housing Minister signals that prices won’t be coming down; Australians save their tax cuts; former Rex directors sued by ASIC; the ex-tradie brothers looking to revolutionise the world of male skin care; AirTrunk workers in for a bumper Christmas bonus; and Kate Hanrahan joins us for the Market Wrap.
Hosts: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Skin care routines have been traditionally the realm of women, but a new Australian company is trying to get blokes interested in their appearances.
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Stage 3 tax cuts were changed to target low-to-middle income households, but a spending spree hasn’t emerged, with the payments going towards paying down debts.
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The merger between Chemist Warehouse and Sigma looks closer than ever after the companies gave an update to the market today.
MARKET WRAP:
- ASX200: down 0.75%, 8,193
- GOLD: $2,612 US/oz
- BITCOIN: $134,135 AUD
- Nine of the eleven sectors were in the red, with tech stocks again the biggest loser
- Wisetech slid 3% to $121.79, and Xero down 1.4% to $168.62.
- South32 dropping 4.4% to $3.52 after saying escalating problems in Mozambique had affected transport to its operations.
- ANZ, Rio Tinto and Santos were all down by more than 1%.
- Higher real estate stocks were led by Goodman, up 1.7% and Stockland, up 2.2%.
- While also lifting were Wesfarmers, Pro Medicus and Resmed.
CURRENCY UPDATE:
- AUD/USD: 64.74 US cents
- AUD/GBP: 49.9 pence
- AUD/EUR: 60 Euro cents
- AUD/JPY: 96 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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The market continued its slide today, while ASIC launched legal action against former Rex directors, alleging they misled investors.
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The Reserve Bank keeps interest rates on hold at 4.35%; Chinese policymakers signal that more support for the economy might be on the way; SMEs look ahead to rosier conditions; Starbucks blames at-home coffee making for losses; women’s fashion retailer Katies closes its doors; and Henry Jennings joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Andre Molchanoff, Liam Achurch
Publisher: Nine Radio
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Chinese stimulus has been talked about through the whole of 2024, so will this new raft of promises actually be delivered?
MARKET WRAP:
- ASX200: down 0.36% to 8,393
- GOLD: $2,691 US/oz
-
BITCOIN: $152,231 AUD
-
Mineral Resources gained 8.7% to $37.16, Pilbara Minerals closed 6.5% higher to $2.29 and Fortescue rose 6.2% to $20.45.
- Energy stocks were led higher by Woodside, up 1.5%, Yancoal rising 2%, and Whitehaven up 3.5%.
- CSL, Telstra and Transurban all finished in the green.
- A class action brought against NRMA in the Victorian Supreme Court hurt the share price of parent company IAG, which fell 1.7% to $8.50.
- Perpetual dropped by 8.4% to $20.07 after saying it could be hit with a tax bill of half a billion dollars over asset sales to KKR.
- Wisetech & Xero down 4.4%, with Life360 falling another 5.2% today.
CURRENCY UPDATE:
- AUD/USD: 63.96 US cents
- AUD/GBP: 50.2 pence
- AUD/EUR: 60 Euro cents
- AUD/JPY: 96 Japanese yen
- AUD/NZD: 1.09 NZ dollars
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For the businesses that have weathered the storm during 2024, the next year is shaping up as one with more opportunity.
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The Reserve Bank has kept the cash rate on hold again at 4.35%, but a shift in the language could mean rate cuts might appear early in 2025.
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Rates were on kept on hold by the RBA for the 8th time this year, but has the language of the central bank hinted at a change in direction?
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Proposed shake up for the superannuation industry; ANZ gets international CEO to fill role vacated by Shayne Elliott; Woolworths loses out from worker strikes; US faces intergenerational wealth transfer; movie theatres a population destination for consumers over the summer period; the bizarre Christmas wish lists from kids this year; and Adam Dawes joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Entering summer, we may hit the beach, but the comfort of the cinema and a raft of blockbusters means we’ll all be movie theatre instead!
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ANZ will bring in an ex-HSBC Portuguese banker to fill their vacant CEO role, but will investors warm to the appointment?
MARKET WRAP:
- ASX200: up 0.03%, 8,423
- GOLD: $2,671 US/oz
- BITCOIN: $155,084 AUD
- ANZ CEO Shayne Elliott stepping down after nine years in the role; shares down 3.6% to $30.03.
- GQG Partners gained 6.3% to $2.21 after reporting higher funds under management through November.
- Discretionary stocks got a boost, with Breville up 2.9%, and GYG lifting 1.1%.
- Also up over 1% was Commbank and Resmed.
- A fall in the oil price didn’t help the Energy sector, with Woodside down 1.1% and Santos dropping 0.8%.
- Life360 dropped 8.3% to $24.03 as its listing on the US indices faced some challenges.
- BHP, Fortescue and Rio Tinto all down.
CURRENCY UPDATE:
- AUD/USD: 64.15 US cents
- AUD/GBP: 50.30 pence
- AUD/EUR: 60.8 Euro cents
- AUD/JPY: 96 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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With the superannuation system ballooning to be worth more than $4 trillion, some changes might need to be made to make the system more simple and fair.
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Shayne Elliott will step down as CEO of ANZ, with an external appointment from Portugal named as an unlikely successor.
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Bitcoin surges over $US100k; Australian house prices hit the peak, but what’s in store for 2025?; BHP calls for better investment conditions; banks & insurers asked to do better on financial abuse; the streaming revolution turns to sports coverage; and Scott Phillips takes us through margin calls in the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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The cricket season is well and truly upon us, with more Australians choosing to stream the test series between Australian & India.
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Bitcoin has passed another major milestone, but will it ever be able to compete with more traditional asset classes?
MARKET WRAP:
- ASX200: up 0.15%, 8,474
- GOLD: $2,672 US/oz
- BITCOIN: $158,915 AUD
- Tech stocks rising by 1.1%
- Block rising 5.6%, Technology One up 2.8%, and Wisetech Global gaining 1.9%
- Shares in gold miner Perseus lifted 6.5% to $2.80 after good news out of one of its projects in Tanzania.
- Auckland Airport emerged from a trading halt, up 3.3% to $7.50 after the Auckland Council decided to sell a near-10% stake in the NZ terminal.
- Biotech company Mesoblast suffered a fall of 5.1% to $1.67 despite the company’s Revascor drug getting designation by the US Food and Drug Administration.
- Goodman Group dropped 2.1%, Stockland lost 1% and Charter Hall fell by 1.6%
- James Hardie, down 2.4%, while Amcor fell 1.9%
CURRENCY UPDATE:
- AUD/USD: 64.44 US cents
- AUD/GBP: 50.6 pence
- AUD/EUR: 61 Euro cents
- AUD/JPY: 96 Japanese yen
- AUD/NZD: 1.09 NZ dollars
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While the tide might be turning, the Australian property market continued to rise in 2024. And even more capital cities are set to reach the median price of $1 million in 2025.
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Renewed optimism around the role of cryptocurrency in the US sent Bitcoin surging beyond its previous records.
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Australia’s GDP comes in much weaker than expected; calls for the RBA to deliver rate cuts sooner; Australians keep increasing purchases of EVs; ASIC to take a look at crypto & digital assets; side hustles & Christmas jobs can’t forget super payments; looking at the financial side of injury claims; and Carl Capolingua joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Most people will never have to access injury compensation, but with the process a mystery for most, we get the facts on the way it works.
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The Commonwealth Bank has received backlash for its plans to charge accounts, but is it a dollar shifter for investors?
MARKET WRAP:
- ASX200: down 0.38% to 8,462
- GOLD: $2,670 US/oz
-
BITCOIN: $150,125 AUD
-
Goodman Group fell 2.9% to $37.02 after a $1.9 billion block trade after the market closed last night.
- Stockland and Mirvac were also weaker.
- Pro Medicus was a standout, jumping 1.8% to $261.24 after its founders said they wouldn’t be selling any additional shares to institutions.
- SG Fleet was also higher by 2.7% to $3.42 after a private equity firm agreed to buy the vehicle leasing business.
- Rio Tinto, Fortescue and Wisetech Global all finished in the green.
- Droneshield continues to be sold off down more than 6% today to 70 cents – well off highs of more than $2.70 in July
- And there were drops for all the major banks.
CURRENCY UPDATE:
- AUD/USD: 64.42 US cents
- AUD/GBP: 50.8 pence
- AUD/EUR: 61 Euro cents
- AUD/JPY: 96 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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As more Australians take up extra jobs and side hustles across the Christmas period, we can’t forget to think about our super.
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Australia’s GDP has dropped to its worst point outside of the pandemic since the early 1990s, but will this number force the RBA to change its position?
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A concerning national accounts update will leave much for the Reserve Bank to ponder when it meets next week, as the share market falls from record highs.
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The Commonwealth Bank criticised for fees charged to account holders; the ASX-listed company looking to treat skin cancers; the last of the Chinese trade restrictions wound back; GDP figures out tomorrow; how is 2025 shaping up for SMEs?; and Evan Lucas joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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The supermarkets have headed in the opposite direction of the banks this year on the market, and supply disruptions for Woolworths won’t be helping.
MARKET WRAP:
- ASX200: up 0.56% to 8,495
- GOLD: $2,668 US/oz
-
BITCOIN: $147,185 AUD
-
Metcash, closing up 7 ½ per cent to $3.43
- Woolworths fell again as shelves and strike challenges continue to plague them
- By association Coles shares were higher to near record highs up 1 ½ per cent
- Westpac the standout bank up more than 1% to $33.61
- Invion shares up 100% today to 36 cents.
- A lift in commodity prices saw RIO and Fortescue benefit - BHP was down a touch but still above $40 a share.
- Collins foods owner of KFC and Taco Bell shares down more than 4% to $8.25
CURRENCY UPDATE:
- AUD/USD: 64.80 US cents
- AUD/GBP: 51.2 pence
- AUD/EUR: 61 Euro cents
- AUD/JPY: 97 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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The last two years have been punishing for small business, but is 2025 shaping up any better?
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As we head into summer we are all urged to slip, slop, slap, but if you are part of the 2 in 3 Australians affected by skin cancer, a new trial could help with treatment in the long-run.
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More market records today, with the market leaping by more than half a percent. All eyes ahead on what the Australian GDP figures might bring tomorrow though.
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The government looks to boost productivity by fixing R&D energy price concerns stop people putting out the Christmas lights; building approvals lift over the month; retail spending stronger; Australia leads the pack on Black Friday shopping; Telstra to takeover Boost; Northern Star lobs $5 billion bid for De Grey; national home prices rise, but Sydney & Melbourne down; and Elio D’Amato joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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As we wrap up our lessons on how to get financially fit, what are some of the best tips to take out of it?
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Northern Star will put a $5 billion bid across the table to acquire De Grey mining, as the gold price continues to sit near the top of its range.
MARKET WRAP:
- ASX200: up 0.14%, 8,447
- GOLD: $2,654 US/oz
- BITCOIN: $147,889 AUD
- A $5 billion bid for De Grey Mining by gold giant Northern Star Resources saw De Grey shares lift almost 30% to $1.97, while Northern Star went the other way, down 5.3% to $16.59.
- IGA operator Metcash lifted 2.2% to $3.19, despite underlying profit down by 5.5% to $134.6 million in first half earnings.
- Mineral Resources and IGO both up 6.2%.
- And a mixed day for the banks saw NAB up 0.5% & ANZ up 0.6%, while Commbank and Westpac both went backwards.
- GQG Partners slid by 14% to $2.02 after receiving a broker downgrade from UBS.
- Clarity Pharmaceuticals down 6.2% and Regis Healthcare down 3.4%
- While down more than 1% was Dexus, Charter Hall and Lovisa.
CURRENCY UPDATE:
- AUD/USD: 65.01 US cents
- AUD/GBP: 51.2 pence
- AUD/EUR: 61 Euro cents
- AUD/JPY: 97 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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The government has announced a review into Research & Development, hoping to boost productivity across Australian business & industry.
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The ASX 200 made small gains, as the action came in the gold space as De Grey became a $5 billion target for Northern Star.
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The Federal parliament pushes through a raft of legislation before the end of the year; the ASX again soars to a record high; Australia falling behind in preparation for AI; Commbank uses tech to approve loans and fight scams; Webjet sued by the ACCC; and Adam Dawes joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Francis Fuller
Publisher: Nine Radio
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The rebrand of Jaguar fell flat with a lot of rusted-ons. So can a company change its image and deliver instant success?
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Australia is falling behind comparable countries when it comes to getting AI ready for economic growth.
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The market hit yet another record high, but for a company like Star Entertainment, there’s a lot of work to do before success next appears.
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The government has been getting busy in parliament, seeking to pass around 30 bills through the Senate on the last sitting day for the year.
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The share market seemingly can't be stopped, hitting another fresh high today!
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Headline inflation sits at 2.1%, but underlying inflation worries economists; RBNZ cuts rates by 50 basis points; admissions of slacking while working from home; trader put through fictitious trades; romance scams on the rise in Australia; total super contributions tick over $4.1 trillion; and Grady Wulff joins us for the Market Wrap.
Hosts: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Francis Fuller
Publisher: Nine Radio
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While shoppers need to be alert to scams over Black Friday, the rise of romance scams has been highlighted in the latest episode of the “Motive & Method” podcast.
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Monthly inflation clocked in at 2.1% year-on-year through October, so why is it unlikely that the RBA alters interest rates any time soon?
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The government might want to spruik a 2.1% headline inflation result for the month of October, but with trimmed mean rising, it won't do much to change the Reserve Bank's thinking.
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Hosts: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Kayne Stephens, Liam Achurch
Publisher: Nine Radio
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Donald Trump's plan for tariffs on China, Mexico & Canada look closer than ever, with some companies liking the news, but most hating it.
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Australia’s living standards decline; the state of the Victorian economy under significant pressure; how to think about bargains during the Black Friday period; Amazon looks to take market share off Woolworths & Coles; Qantas uses Airtags to find lost luggage; and Tony Sycamore joins us for the Market Wrap.
Hosts: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Francis Fuller
Publisher: Nine Radio
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Will the appointment of the US Treasury Secretary help settle the Aussie dollar?
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While Australia’s standard of living slips, the state of Victoria is also in a very unhealthy budget position.
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The ASX200 once again pushed through another record, but how will commodity prices swing if there's more conflict in Europe?
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Labor looks to make changes to the Future Fund; Westpac pushes back predictions of rate cuts to May; Chris Ellison fronts the MinRes shareholders; social media legislation enters parliament; first home buyers saving less of half of what they were; and Scott Phillips joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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The government will change the mandate of the Future Fund, opening a can of worms about what role politicians should have in the investment calls of the pool.
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Changes to the Future Fund could see the $230 billion pool prioritise clean energy & housing.
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Jim Chalmers delivers a statement on the economy to the Parliament; calls for a rethink on Australian productivity, including worker training; wages jump over $100b a month; Amcor to take over US packaging company; Black Friday sales getting bigger & bolder; Australian Super to repay $4.2 million; and Carl Capolingua joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Black Friday sales are getting bigger and over a longer period of time – so will Australians shop up a storm ahead of Christmas this year?
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A deal between Amcor and US group Berry group will see the Aussie packaging giant have 400 factories in its operations.
MARKET WRAP:
- ASX200: down 0.57%, 8,326
- GOLD: $2,628 US/oz
- BITCOIN: $142,306 AUD
- Utility and Health Care stocks just escaped the losses, with CSL up 1.1% and Pro Medicus rising 1%.
- Northern Star and Evolution mining both up 1%
- Small gains for Commonwealth Bank, Infratil and Origin Energy.
- Amcor’s merger announcement saw down 1.2% to $15.51.
- Energy stocks were down around 1%, with Woodside & Santos both falling around 0.7%.
- Nick Scali told the market that freight problems had hurt its guidance, shares fell 1.7% to $13.84.
- Telstra was down 2.3% and James Hardie fell 2%.
CURRENCY UPDATE:
- AUD/USD: 65.23 US cents
- AUD/GBP: 51.4 pence
- AUD/EUR: 61 Euro cents
- AUD/JPY: 101 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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Australia’s productivity has dropped to a snail’s pace, with a lack of workplace training hampering efforts to get the nation’s economy going again.
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The ASX couldn't quite keep up with it's gains from Tuesday, while a packaging giant looked to get its hands on more in the US.
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Financial advice changes look difficult to get through parliament; the ASX hits another record high; RBA considers hikes in latest meeting minutes; cost of living data shows age an indicator of spending; the growing trend of property in SMSFs; the growing business of Australian gin; and Evan Lucas joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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The government’s proposed changes to financial advice is struggling to make it through parliament, with a fight over who pays emerging.
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The Australian share market was up by 1.6% at one point, but even an afternoon drop wasn't enough to stop another new record being posted.
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The government to make cash mandatory for certain purchases; the supermarkets under the ACCC blowtorch; ASIC hits NAB with legal proceedings; home listings increase as rates remain stubborn; finding the right balance in investment; the jobs with the biggest pay rises revealed; and Elio D’Amato joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Investment can be a minefield, so how do we find the right balance of risks for different points in our lives?
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The ripples of the US election continue, with the appointment of RFK Jr to the Health Department potentially causing headaches for companies like CSL.
MARKET WRAP:
- ASX200: up 0.18%, 8,300
- GOLD: $2,587 US/oz
- BITCOIN: $142,098 AUD
- BHP 0.7% higher, Fortescue up 1.2% and Rio Tinto up 2.2%.
- Coal miner New Hope saw its shares gain 2.3% to $4.81 after it reported a jump in production growth, higher prices and lower costs across the first quarter.
- Paladin and Boss Energy were up 5.5% and 7.3% respectively following a decision by Russia late last week to limit exports of nuclear fuel to the US.
- Lovisa dropped 3.8% and Cettire down 4%.
- Life360 was down 6.7% after its co-founder & CEO sold off shares in the company.
- While there was a fall of 1.7% for CSL & 2.2% for REA Group.
CURRENCY UPDATE:
- AUD/USD: 64.57 US cents
- AUD/GBP: 51.1 pence
- AUD/EUR: 61 Euro cents
- AUD/JPY: 100 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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Could higher interest rates be finally affecting mortgage holders? An increase in property listings in Australia’s major capitals is certainly setting the trend.
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This week: Chinese stimulus doesn't live up to the hype; population growth on the national agenda; small businesses look forward to a pickup in conditions; wages still outpacing inflation even as growth falls; and the start-up helping people to finance the messy period of divorce.
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Many Australians have adopted online accounting software Xero to make their businesses easier to operate, with the company growing subscribers by 6% in the last year.
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MARKET WRAP:
- ASX200: up 0.37%, 8,224
- GOLD: $2,557 US/oz
- BITCOIN: $139,317 AUD
- The ASX 200 broke a losing streak to close up 0.4%
- Accounting software company Xero released its half-year earnings with shares finishing 5.9% higher to $171.
- Farm chemical supplier Nufarm saw its shares gain 6% despite a 29% fall in underlying earnings.
- Commbank up 2.2%, NAB up 1%, Westpac up 1.3% and ANZ up 1.2%.
- BHP down 1.3% and Fortescue down 1.9%.
- Resmed down 2.5% and Bluescope Steel down 2.4%.
CURRENCY UPDATE:
- AUD/USD: 64.65 US cents
- AUD/GBP: 51.0 pence
- AUD/EUR: 61 Euro cents
- AUD/JPY: 100 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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Unemployment remained at 4.1%, but there are some signs that the worm may be starting to turn - probably not enough to change the RBA though!
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Wages up 3.5% over the last year; Spotify grows its numbers of paid subscribers; Commonwealth Bank cashes $2.5b first quarter profit; US markets have first down day one week on from the election; Donald Trump appoints his cabinet; cryptocurrency shooting the lights out; how to finance a divorce; and Kate Hanrahan joins us for the Market Wrap.
Hosts: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Divorce can be a messy time financially, so a new start-up is helping to smooth the process, offering financing for legal fees.
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One week on from the US election, markets took their first dive. But with a radical agenda to be put in place, what’s the long term outlook for financial markets & cryptocurrency?
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A lack of IPO action has been a mark of the ASX this year, but DigiCo is expected to list before Santa appears down our chimneys.
MARKET WRAP:
- ASX200: down 0.75%, 8,193
- GOLD: $2,612 US/oz
- BITCOIN: $134,135 AUD
- Financial stocks were down 1.1%
- Commonwealth Bank gave its first quarter update, with the bank down 0.4% to $149.62 after posting net profit of $2.5 billion in the first quarter.
- A 23% fall in net profit for building materials company James Hardie didn’t put off investors - shares were up 6.2% to $53.35
- Aristocrat Leisure increased its profits by 17%, helping shares to gain 2.6% on the day to $66.62
- Gains of more than 1% for Flight Centre, Yancoal, and Ampol.
- Mineral Resources shares down 7.2% to $34.95
- NUIX plunged more than 22% to $5.90 after the CEO told the market growth would be weighted towards the back half of the year.
CURRENCY UPDATE:
- AUD/USD: 65.26 US cents
- AUD/GBP: 51.2 pence
- AUD/EUR: 61 Euro cents
- AUD/JPY: 101 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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Wage growth has fallen over the last quarter, but with salaries still going up at a greater rate than prices, workers are starting to feel better off.
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Australian workers have seen a 3.5% increase to wages over the last year, ahead of inflation again, with no signs of a much feared wage-price spiral.
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Fertility decline leading to serious conversation on population; Coles boss calls cost of living debate "politicised"; airfares get more expensive; consumer & business confidence looking up; households spend on tickets; ASIC sues Cbus Super; young workers missing out on retirement; Singles Day grows as a sales event; and Henry Jennings joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Businesses are doing their best, but is red tape getting in the way of them being more successful in their outcomes?
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Paladin Energy dropped after it overshot forecasts on its uranium. How will the company rebound?
MARKET WRAP:
- ASX200: down 0.13% to 8,255
- GOLD: $2,610 US/oz
- BITCOIN: $136,106 AUD
- Materials stocks were another 1.4% lower today, while the Tech sector gained more than 1%.
- The owner of Afterpay – Block – led the way, up 10.7% to $126.40 following a good night of trade for the company’s Wall Street listing.
- Tech gains were led by Wistech Global and Technology One, both up 1.8%.
- Up by more than 1% were Wesfarmers, ANZ, and Reece.
- Paladin Energy down almost 29% to $6.88 after it slashed its targets for production, calling previous forecasts “a bit ambitious”.
- Health insurer NIB said it was on track to post an operating loss for the first half, lowering its guidance and seeing shares drop 0.7% to $5.96.
- Another day of pain for both the gold & iron ore miners saw BHP down 1.8%, South 32 falling 2.4% and Northern Star off 2.7%.
CURRENCY UPDATE:
- AUD/USD: 65.51 US cents
- AUD/GBP: 51.1 pence
- AUD/EUR: 61 Euro cents
- AUD/JPY: 100 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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Net migration is increasing, but the fertility rate is falling. So how do we go about raising living standards?
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The ASX couldn't follow the lead of Wall Street, falling by 0.1%, but there was better news on confidence in the market.
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Jim Chalmers prepares for US-China Trade war; commodity prices fall on back of weak Chinese stimulus; Resolute Mining workers detained by Malian junta; Endeavour Group notes a drop off in alcohol sales; Pratt gets US Green Card; protecting consumers from scams ahead of Black Friday & Cyber Monday; and Adam Dawes joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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With Black Friday & Cyber Monday around the corner, don’t let the hunt for a bargain lead you into a scam trap..
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HMC Capital is the latest company to get in on the data centre craze, with the trend set to continue with the rise of AI.
MARKET WRAP:
- ASX200: down 0.35%, 8,266
- GOLD: $2,678 US/oz
-
BITCOIN: $123,353 AUD
-
BHP dropping 4.1% to $41.63, Fortescue down 7.3% to $18.12, and Rio Tinto falling 3.1% to $119.47.
- HMC Capital saw shares rising 4% after revealing plans to launch a data centre investment trust on the ASX
- Battery tech provider Novonix rallied 12.5% as it signed a supply deal with a US auto company.
- Goodman Group gained 2.5% and Resmed was up 1.9%.
- Lower sales for Endeavour saw its shares dropping by 4.9% to $4.50.
- Backwards by more than 1% was Pro Medicus, Seek and APA Group.
CURRENCY UPDATE:
- AUD/USD: 65.84 US cents
- AUD/GBP: 51.03 pence
- AUD/EUR: 61.5 Euro cents
- AUD/JPY: 101 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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Commodity prices have fallen in reaction to the “not really” Chinese stimulus offered last week, but should we be concerned?
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Markets will be waiting for more from the Chinese government in 2025, with a $2.1 trillion plan not hitting the right notes for investors.
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This week: The federal government makes a pitch to younger voters, vowing to wipe out 20% of student debts; interest rates are left on hold by the Reserve Bank; Donald Trump moves markets with his victory in the US election; could wave energy be the key to helping our transition?; and as Chemist Warehouse gets the green light to merge with Sigma Healthcare, what does the state of competition look like in Australia?
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Radio legends are retiring left right and centre, with 2GB’s Ray Hadley announcing he’ll step down from his position by the end of the year.
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US markets go bananas following the election result; Sigma Healthcare gets green light to merge with Chemist Warehouse; ACCC hears supermarket complaints; Cass-Gottlieb a member of the Qantas Chairman’s Lounge; NAB’s profits fall; NAB boss warns on US tariffs; Breville to build up US inventory; radio legends retire; and Scott Phillips joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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NAB’s announcement of a drop in profit to $7.1 billion could be a sign for the rest of the banking industry.
MARKET WRAP:
- ASX200: up 0.33%, 8,226
- GOLD: $2,669 US/oz
-
BITCOIN: $113,299 AUD
-
Energy was the best-performing sector, up 2.3%, with Real Estate the worst, down 2.1%.
- Sigma Healthcare saw its share price spike after that ACCC green light, closing up almost 25% to $2.43.
- Neuren gained 8.5% to $14.40 after predicting full year income of $216 million.
- NAB’s full-year cash profits of $7.1 billion was only good enough to see shares lift 0.2% to $39.33.
- Health insurer NIB’s shares gained 1.9% as it held its AGM.
- Jumping by more than 1% were Yancoal, Treasury Wines and South 32.
- The gold price tumbled in the wake of the US election, down more than 3% and hurting local miners with Spartan Resources down over 17%, Westgold down 8.4% and Bellevue Gold down 7.7%
- While buy-now, pay-later provider Zip dropped 1% despite cash earnings in the first quarter up by 234%.
CURRENCY UPDATE:
- AUD/USD: 66.27 US cents
- AUD/GBP: 51.3 pence
- AUD/EUR: 61 Euro cents
- AUD/JPY: 102 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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The ACCC has given the green light to Sigma Healthcare to merge with Chemist Warehouse, with consumers not being hampered by the arrangement.
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The ASX couldn't quite keep up with the gains on Wall Street, but did finish in positive territory again.
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Donald Trump wins the 2024 US Presidential Election; US Futures look higher after Trump victory; European markets not as positive; wave energy could be the next renewable project; Bridget McKenzie updates her disclosures; and Carl Capolingua joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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With the energy transition at the top of the lists of governments right now, could harnessing the ocean be the next best step?
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The Australian market gained after a strong night on Wall Street, but how will our miners react to a Donald Trump presidency?
MARKET WRAP:
- ASX200: up 0.83%, 8,199
- GOLD: $2,721 US/oz
-
BITCOIN: $113,526 AUD
-
AI software company Brainchip Holdings rode the wave of that tech jump to close up almost 15% on the day to 27 cents a share.
- Wisetech Global up 1%, Xero up 2.3% and Technology One gaining 3.1%.
- BHP down 0.1%, Fortescue dropping 1.1% and Rio Tinto marginally down.
- All the major banks were up, with NAB the strongest, gaining 1.6%.
- QBE up 3.6%, IAG up 3.1% and Suncorp rising 3.3%.
- Domain Holdings fell 5.6% to $2.87 after its AGM confirmed a weaker year ahead.
- Goodman Group will expand its data centres, but investors were cautious as the company dropped 0.2% to $36.22.
- Woodside, Santos and Vicinity Centres were all down by more than 1%.
CURRENCY UPDATE:
- AUD/USD: 65.47 US cents
- AUD/GBP: 50.85 pence
- AUD/EUR: 60 Euro cents
- AUD/JPY: 100 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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How will markets in the UK & Europe react to the US election result?
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US markets are pointing to a higher open after Donald Trump claimed victory in the 2024 US Presidential Election.
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As America heads to the polls, the local share market gets a boost from strong Wall Street trading.
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The Reserve Bank leaves interest rates on hold at 4.35%; traders await the results of the US election; Knight’s Choice the Melbourne Cup winner, but did the markets get it right?; Gen Z workers prioritising self-care; a new app helping to find the right real estate; and Evan Lucas joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Getting the best real estate agent for your property can be a hassle, so a new business is trying to make to make the process simpler.
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Voting is already underway for the US election, but how with the potential presidency of Donald Trump or Kamala Harris swing markets?
MARKET WRAP:
- ASX200: down 0.40% to 8,131
- GOLD: $2,750 US/oz
-
BITCOIN: $104,239 AUD
-
All sectors finished in the red, with Real Estate and Industrial stocks the best of a bad bunch
- Lifestyle Communities jumping 7.7% to $9.10 after HMC Capital picked up a chunk of its shares
- Mineral Resources rebounded from Monday’s losses, up 4.1% to $38.20.
- Gains of more than 1% for Pilbara Minerals and Corporate Travel Management
- The major banks were all lower, with Financials the worst-performing sector.. Westpac the worst, down 1.5%.
- Guzman Y Gomez & Paladin Energy both tanked by around 3%.
CURRENCY UPDATE:
- AUD/USD: 66.10 US cents
- AUD/GBP: 50.9 pence
- AUD/EUR: 60 Euro cents
- AUD/JPY: 100 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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The Reserve Bank has kept the cash rate on hold again at 4.35%, with more pessimistic language suggesting rate cuts might be further away than first imagined.
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The Reserve Bank has kept the cash rate on hold at 4.35% with no signs of cuts on the way.
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The government proposes $16 billion of funding to wipe out 20% of student debts; Westpac posts profits of $7 billion; Chris Ellison to step down from Mineral Resources after board investigation; helping mental health to sort financial fitness; Australians to splash the cash over Christmas; Victorian couple uses TikTok to sell their apartment; and Elio D’Amato joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Money & mental health can be linked heavily, which means to sort your financial fitness you need to have some honest conversations.
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Telix Pharmaceuticals has risen by 140% over the last year, so can the climb continue?
MARKET WRAP:
- ASX200: up 0.56%, 8,164
- GOLD: $2,748 US/oz
-
BITCOIN: $104,213 AUD
-
MinRes shares plunged more than 9% to $36.70 off the back of the news that CEO Chris Ellison will step down.
- $7 billion in profits for Westpac helped the bank to lift 0.9% to $32.40, with the rest of the Big Four also in the green.
- Telix gained another 3.5% to $22.20 after good news on US Medicare Fee payments.
- Utilities stocks were the best performing, with Origin Energy up 1.3% and APA Group rising 2.8%.
- There were rises too for CSL, up 1.7%, and Telstra up 1.6%.
- Falls in Energy saw Boss drop 7.6% and Whitehaven Coal down 1.9%.
- Miners BHP, Fortescue and Rio Tinto were all lower.
CURRENCY UPDATE:
- AUD/USD: 65.93 US cents
- AUD/GBP: 50.8 pence
- AUD/EUR: 60 Euro cents
- AUD/JPY: 100 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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The government has proposed wiping 20% of student debts, but with those with a degree earning more over a lifetime, is the move fair?
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Westpac has declared a full-year profit of $7 billion in the last set of results for current CEO Peter King.
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This week: Joe Aston's book on Qantas raises legitimate questions about the relationship between the airline and the government; Australian wine making its way back to China; Inflation creeps into target range, but can we trust the numbers?; house prices hit new highs across the capital cities; and with the US election only days away, what are the markets expecting?
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Australians embrace Halloween with a raft of spending through October; September retail sales soft; Optus apologises for misleading customers; Australians saving rather than spending cash; markets predict a Donald Trump victory; Canva’s value soars to $50 billion; and Tony Sycamore joins us for the Market Wrap.
Hosts: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Francis Fuller
Publisher: Nine Radio
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The US election will be run and won in the next week, so what are markets predicting, and how will they react to either a Trump or Biden presidency?
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Mineral Resources have hit the headlines for the right reasons, selling $1.1 billion of oil and gas assets to Gina Rinehart’s Hancock Prospecting
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Retail sales are very sluggish, but could get a boost from Halloween, Black Friday and Christmas spending in the coming months.
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Consumer Staples falls have been led by slower numbers out of Coles & Woolworths over the last couple of days.
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Inflation drops down to the RBA target rate, prices growing by 2.8% over the last year; big banks adjust rate expectations; Anthony Albanese clears up Qantas dealings; Woolworths expecting poorer sales; Alphabet in a surprise quarterly update; capital city prices hit record highs; Year 12 students taking up Business Studies; and Kate Hanrahan joins us for the Market Wrap.
Hosts: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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The property market won’t slow down, with prices hitting records for both units & houses across the combined capital cities.
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Growth in its cloud computing business helped Alphabet – the parent company of Google – to a decent quarterly update.
MARKET WRAP:
- ASX200: down 0.83%, 8,284
- GOLD: $2,798 US/oz
-
BITCOIN: $110,150 AUD
-
Consumer Staples dropped 3.6% led by a disappointing update from Woolworths
- Star Entertainment fell 3.8% to 25.5 cents a share with quarterly earnings showing a loss of $18 million.
- Commbank down 0.9%, NAB down 1.2%, ANZ down 1.1% and Westpac down 0.7%.
- Pilbara Minerals shares up 1.1% to $2.88, even though the company cut its guidance
- Real Estate shares were higher, with Goodman up 1.2%, and Dexus up 0.7%.
- Gains for Aristocrat Leisure, Pro Medicus and Telix Pharmaceuticals
CURRENCY UPDATE:
- AUD/USD: 65.56 US cents
- AUD/GBP: 50.4 pence
- AUD/EUR: 60 Euro cents
- AUD/JPY: 100 Japanese yen
- AUD/NZD: 1.09 NZ dollars
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Inflation has finally reached the RBA’s target range of 2-3%, but has the government energy subsidies only created a false dawn for those expecting interest rate cuts?
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Headline inflation came in at 2.8% for the September quarter, the best result since early 2021.
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Myer to acquire 5 top fashion & retail brands from Premier Investments; the government responds to a report into the pandemic era; markets & mortgage holders prepare for a quarterly inflation update; should workers be allowed to access their super differently?; financial services industry increases use of AI tech; the Aussie wine market gets back to China; and Henry Jennings joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Australia’s wine exports have grown after regaining access to the Chinese market, and with renewed interest in our quality products.
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A government report into Covid says the Coalition overspent across that period, causing inflationary pressures, particularly in the building and construction industry.
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With inflation expected to drop to the RBA’s target of 2-3% in Wednesday’s quarterly update, will the market be waiting to react?
MARKET WRAP:
- ASX200: up 0.34% to 8,249
- GOLD: $2,766 US/oz
-
BITCOIN: $108,021 AUD
-
Travel tech company Serko surging 22% to $3.00 on the news that it would expand its operations in North America in partnership with Nasdaq-listed Sabre Corp.
- Mineral Resources repaired some recent damage, gaining back 7.2%
- Real estate stocks were stronger with Goodman Group 1.2% higher, and Stockland & Vicinity Centres both higher.
- Cettire saw its shares fall by 17.3% to $1.77.
CURRENCY UPDATE:
- AUD/USD: 65.69 US cents
- AUD/GBP: 50.7 pence
- AUD/EUR: 60 Euro cents
- AUD/JPY: 100 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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Myer is about to expand its offerings, doing business with former board member Solomon Lew to acquire 5 fashion brands from Premier Investments for $864 million.
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Myer will pay almost $850 million dollars to Premier Investments, bringing brands like Just Jeans and Jacqui E under its wing.
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Anthony Albanese faces the music over Qantas Chairman’s Lounge connection in Joe Aston’s new book; dealing with the banks; Mosaic Brands collapses into voluntary administration; the oil price falls as Middle East tensions subside; looking at how to save before Christmas; WA leads the states; ANZ cuts fixed-rate loans; and Adam Dawes joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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In part two of our look at options for saving, Jess Irvine tell us how you can approach the Christmas period and keep your budget in check.
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Mosaic Brands is the latest retail chain to suffer the fate of administration, but should we be surprised?
MARKET WRAP:
- ASX200: up 0.12%, 8,221
- GOLD: $2,753 US/oz
-
BITCOIN: $103,737 AUD
-
The Tech sector leading the way, up 2%, led by Xero, up 2.5%, and Wisetech Global, up 0.9%
- A lift in the iron ore price on futures markets helped our big miners, as BHP lifted 1.3%, Fortescue rose 2.2% and Rio Tinto gained 1.7%.
- Sleep apnoea med tech company Resmed gained 3.6% to $39.07
- Sliding backwards by 15.3% to $10.36 was uranium producer Paladin Energy
- Lowering tensions in the Middle East brought the oil price down, with Woodside, Santos and Viva Energy all finishing in the red.
- Mosaic Brands heading into voluntary administration, with shares suspended at 3.6 cents since late August.
CURRENCY UPDATE:
- AUD/USD: 66.00 US cents
- AUD/GBP: 50.90 pence
- AUD/EUR: 61 Euro cents
- AUD/JPY: 101 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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The record of Qantas, its former CEO & Chairman, and the interaction of our politicians has been picked apart in former AFR Columnist Joe Aston’s book The Chairman’s Lounge.
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700 stores and up to 3000 jobs could be affected by Mosaic Brands entering administration, with the retail sector sluggish still.
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This week: The changing face of what we're looking for in property; how to get the best staff when hiring over Christmas; the IMF takes a shot at Australia's record on inflation; Richard White steps down as the CEO of Wisetech Global after a tumultuous week; and Ben Willee talks us through the importance of "upfronts" to network media.
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Richard White steps down as CEO of Wisetech Global; the banks disagree over lending buffers; looking to make savings in our personal budgets; Nine upfronts show off what’s to come in 2025 for the network; and Scott Phillips joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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The Daily Mail is headed behind a partial paywall, but will their eyeballs translate to subscriptions?
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In the first of a two-part special, Jessica Irvine takes us through how to trim the fat from our budgets and make some savings.
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A parliamentary inquiry into the serviceability buffer has asked whether the hurdles to getting a loan have become too much – particularly for first home buyers.
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With Richard White stepping down as the head of Wisetech Global, will the company be able to arrest the slide in its share price?
MARKET WRAP:
- ASX200: down 0.12%, 8,206
- GOLD: $2,747 US/oz
-
BITCOIN: $100,926 AUD
-
Tech stocks again took a beating, with NextDC losing 3.9%, Macquarie Technology Group down 3.2% and Codan losing 2.2%.
- Fortescue managed to ship a record 47.7 million tonnes of iron ore across the country, but with analysts expecting more, its share price dropped down 3.2% to $19.13
- Each of the Big Four banks were in the green.
- A win in the United States for Telix Pharmaceuticals, who gained FDA approval on a drug application, saw its shares gain 1.7% to $21.46.
- And there were gains of more than 1% for REA Group, South 32 and Sonic Healthcare.
CURRENCY UPDATE:
- AUD/USD: 66.55 US cents
- AUD/GBP: 51.4 pence
- AUD/EUR: 61 Euro cents
- AUD/JPY: 101 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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After a week of turmoil, Richard White has resigned as CEO of Wisetech Global, but will return to a consulting role with the company.
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The IMF sounds a warning about the Australian fight with inflation; NAB to return to customer-based service; the supermarkets face the music on discounting; QBE under pressure from ASIC; super bosses warned on entertainment spending; ATO cracks down on fraudulent claims; exploring how to best deal with foreign exchange; and Carl Capolingua joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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International trade and travel have become an ingrained part of Australian society, so how can we make the most of our money?
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QBE will face the music from ASIC, with investors curious about whether or not the heat will come for other insurers as well.
MARKET WRAP:
- ASX200: up 0.13%, 8,216
- GOLD: $2,766 US/oz
-
BITCOIN: $100,339 AUD
-
Tech stocks fell again – the worst performing sector over the last week & month..
- Another sell-off for Wisetech Global shares pushed the company back down 1.4% to $106.07.
- Woolworths finished up 1.6% to $33.05 and Coles was 1.4% higher to $18.16 after their stance against the ACCC.
- Qantas shares have completed a remarkable turnaround since the end of the Joyce era, closing at a record high today, up another 3.4% to $7.82.
- And the gold miners had another good day, with Evolution up 1.9% and Perseus up 1.7%.
- Domain Holdings share price fell by 3.2% after CEO Jason Pellegrino said he would step down
- QBE was pushed back by 0.4% after ASIC alleged the insurer had misled customers over discounts.
CURRENCY UPDATE:
- AUD/USD: 66.67 US cents
- AUD/GBP: 51.4 pence
- AUD/EUR: 61 Euro cents
- AUD/JPY: 101 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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The IMF has serious concerns over Australia’s economy & inflation, making 2025 forecasts that place us outside the RBA’s target range.
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The Australia share market rebounded from yesterday's losses, while the IMF declared its view on the state of the global economy.
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Australian share market takes a dive of 1.7%; property pipeline sees thousands delayed; the changing face of Australian real estate; Richard White settles with ex-lover; wine exports grow after Chinese lane reopens; happy workers to boost productivity; businesses gear up for Christmas trading; and Evan Lucas joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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With businesses beginning the search for Christmas workers, we offer some tips on how to sort the wheat from the chaff when it comes to hiring.
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The US election is not far away, so how would a presidency of Donald Trump or Kamala Harris affect the financial markets?
MARKET WRAP:
- ASX200: down 1.66% to 8,205
- GOLD: $2,747 US/oz
-
BITCOIN: $100,816 AUD
-
REITs fell, with Lendlease down 2.6% to $6.74, Charter Hall dropped 3.5% to $15.68, and Stockland Group sank 2.4% to $5.24.
- Mirvac on its update managed to sneak past, shares flat at $2.19.
- The banks took a hit, with Commbank down 2.2%, NAB losing 2.1%, Westpac 1.8% lower and ANZ off by 0.8%
- Viva Energy dropped 6.7% on an outlook of softer retail conditions.
- Metcash fell 6.2%, James Hardie dropped 4.7%, and Mineral Resources down 4.3%
- A lift in output for mining company Stanmore Resources helped its shares up 3.4%.
- Escaping losses were Coles, up 0.3%, Graincorp, up 0.8%, and Pilbara Minerals, up 0.7%.
CURRENCY UPDATE:
- AUD/USD: 66.85 US cents
- AUD/GBP: 51.4 pence
- AUD/EUR: 61 Euro cents
- AUD/JPY: 100 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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The Australian property market is seeing some interesting changes, with seachanges & granny flats being sought out.
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The market suffered its worst day of losses, down 1.7% as a sea of red ink washed across all sectors.
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Two big CEOs under pressure and tanking their share price; Qantas ordered to pay compensation to sacked workers; Labor MPs go after tech money; BCA expands on housing plans; Vic govt changes off-the-plan stamp duty; looking to maximise our retirement wealth; and Elio D’Amato joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Australia is seeing more of its population head towards retirement, so time to drill down on how to maximise your wealth.
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The retailers have weathered the storm mostly, but with Nick Scali pointing to tough times on shipping costs, has the worm turned?
MARKET WRAP:
- ASX200: up 0.74%, 8,344
- GOLD: $2,741 US/oz
-
BITCOIN: $102,532 AUD
-
MinRes down 13.8% to $39.55
- Wisetech down 14.6% to $104.65
- With the gold price soaring to US$2,745 an ounce, our local miners benefited
- A lift in the iron price to US$103 a tonne on futures markets helped BHP up 1.4%, Fortescue lifted 1.5% & Rio Tinto both up 1.9%.
- Up over 1% was Goodman Group, REA Group and Xero.
- A Nick Scali warning over higher freight rates hitting margins sent shares down 4.1%
- Lovisa down 6.4% and Harvey Norman off by 2.3%
- Falling by more than 1% was Telstra, Bapcor and Transurban.
CURRENCY UPDATE:
- AUD/USD: 66.93 US cents
- AUD/GBP: 51.4 pence
- AUD/EUR: 61 Euro cents
- AUD/JPY: 100 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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Two of Australia’s biggest companies are taking hits over the alleged behaviour of their founder-CEOs. Will they be forced to depart?
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The Australian share market pushed higher again on Monday, but was dragged by the performance of Mineral Resources and Wisetech Global.
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This week: The government goes to war with debit card surcharges; tracking the changes in Australian investments; looking towards AI to save us on our beaches; jobs still being added to the Australian economy; and the economics of sport - can we really keep up growth forever?
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Australian unemployment rate steady at 4.1% with 64,000 jobs added; the ASX again surges to new record ground; credit card companies threaten over fraud payments; Star Entertainment slapped with $15 million fine; Commonwealth Bank fined for spam emails; Forrests step down from Minderoo Foundation; looking at the economics of sport; warnings on chocolate prices; and Tony Sycamore joins us for the Market Wrap.
Hosts: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Australia loves its sport – so much so that it has turned into an industry worth billions of dollars on its own. But can it be sustained?
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The Australian share market grew to record territory again, as uranium miners benefited from big tech going after nuclear power.
MARKET WRAP:
- ASX200: up 0.86%, 8,355
- GOLD: $2,607 US/oz
-
BITCOIN: $100,615 AUD
-
AMP shares jumped 17.7% to $1.59 - up more than 70% in the calendar year.
- Uranium stocks were jumping – Paladin up 11%, Deep Yellow gaining 7.3% and Boss Energy up 6.7%.
- A third quarter update showing a cost blowout at an under-construction oil project in Alaska and a 3% dip in sales, saw Santos shares flat at $6.96.
- Fortescue down 2.7% and Rio Tinto down 1.8%.
- BHP also fell 1.3% despite saying its copper production was up 4% and iron ore 2% across the quarter.
- And falls in tech again saw Wisetech Global down another 3% and Technology One down 1.6%.
CURRENCY UPDATE:
- AUD/USD: 66.75 US cents
- AUD/GBP: 51.4 pence
- AUD/EUR: 61 Euro cents
- AUD/JPY: 100 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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Australian unemployment shows no signs of shifting, with the labour market adding 64,000 jobs across September.
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If you want a job you can get a job, with 64,000 jobs added to the Australian economy over the month of September.
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Banks keep closing branches & ATMs; growing number of businesses falling in arrears; NZ inflation down to 2.2%; private health premiums to rise; using AI to keep our beaches safe; Woodside picks up oil production; Camp Quality wants donors to get in on the gold rush; and Kate Hanrahan joins us for the Market Wrap.
Hosts: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Get in on the gold rush, and help out a charity doing well, with Camp Quality’s fundraising raffle giving the chance to win bullion.
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With the government looking to put in guardrails for AI use, one company is using the tech to keep our beaches safe over summer.
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Data centres might be the hottest property on the market right now, so what exposure can you get on the ASX?
MARKET WRAP:
- ASX200: up 0.41%, 8,284
- GOLD: $2,691 US/oz
-
BITCOIN: $99,962 AUD
-
Woodside’s full-year guidance upgrade saw shares lift 0.6% to $24.93.
- Gold miners Evolution Mining finished up 6.8% to $5.01, and Northern Star lifted 1.8% to $16.81.
- Bank of Queensland’s shares lifted by more than 6.5%.
- Qantas lifted 1.8% and Harvey Norman finished up 0.8%
- Rio Tinto, which dropped 1.1% to $120.78 after saying it had shipped less than expected.
- A $32 million contract extension for imaging healthcare tech company Pro Medicus couldn’t help the share price, down 2.4%.
- Slides of 1% or greater for Wisetech Global, Woolworths and QBE Insurance.
CURRENCY UPDATE:
- AUD/USD: 66.88 US cents
- AUD/GBP: 51.5 pence
- AUD/EUR: 61 Euro cents
- AUD/JPY: 99 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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The latest Business Risk Index from CreditorWatch shows that there’s a growing number of businesses with payments in arrears.
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The ASX couldn't sustain it's record highs, as company updates led the news cycle today.
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The government pledges to scrap surcharges on debit cards; the Australian share market gains to yet another record high; would you take a pay cut to protect the jobs of your staff?; Australia’s investment patterns are changing; small businesses take on big tech to protect their output; and Henry Jennings joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Small businesses are needing support to take on the big tech giants in order to restore full service to their operations.
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Australia’s investor patterns are changing, with many avoiding the golden rules and not diversifying their investments.
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The ASX 200 hit another record today but can the successful run keep going as we head towards interest rate cuts?
MARKET WRAP:
- ASX200: up 0.80% to 8,318
- GOLD: $2,668 US/oz
-
BITCOIN: $97,608 AUD
-
Most sectors were green, with the banks & tech stocks at the top of the pile.
- Tyro Payments falling more than 11%
- Woodside down 2.2% and Santos down just under 1%.
- Ampol was another energy company down, despite announcing cost-cutting to the effect of $50 million, with shares sliding 2.3% to $28.46
- Washington H Soul Pattinson down 1.4% and Treasury Wine Estates, which fell more than 3%.
- The jump for financials was led by the major banks, with Commonwealth up 1.8%, NAB up 1.5%, Westpac rising 1.6% and ANZ up 0.9%.
- Investment platform business Hub24 saw its shares gain 2.7% after saying it was confident it would hit its target for funds under administration for the financial year.
- Gains for Lovisa, up 3.5% and Life 360, up 2.9%.
CURRENCY UPDATE:
- AUD/USD: 67.09 US cents
- AUD/GBP: 51.4 pence
- AUD/EUR: 61 Euro cents
- AUD/JPY: 100 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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The government will remove debit card surcharges from payments, but will these costs be passed on to consumers in a different way?
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The ASX 200 climbed to a new record high following a strong Wall Street lead, as the government looks to put more money back into the pockets of consumers.
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The Business Council takes on local councils to get more housing developed; Australians take to dobbing in their mates to the taxman; Virgin makes another profit; Chinese stimulus boosts the markets; getting in on the ground floor of investment; the Mad Mex founder prepares to take on his next spicy challenge for kids cancer; Messina to get the Fresh Food spin; and Adam Dawes joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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You would think the founder of a Mexican food chain would be able to take the heat, but Clovis Young will go above and beyond to raise money and awareness for children’s cancer.
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The Chinese stimulus was welcomed by the market, but is it enough to lift the Asian superpower out of its ongoing slump?
MARKET WRAP:
- ASX200: up 0.47%, 8,252
- GOLD: $2,677 US/oz
-
BITCOIN: $94,864 AUD
-
The sectors were mixed, but it was the Materials sector that was the standout, up 1.3%.
- The iron ore price again lifted, back up to around $108 US dollars a tonne in Singapore Futures trading.
- That helped the local miners, with BHP up 0.9%, Fortescue up 2.8% and Rio Tinto up 1.2%.
- It was also a good day for Health Care stocks, with gains for CSL, Resmed and Telix Pharmaceuticals.
- A $45 million offer for human resources company Xref by jobs platform Seek helped Seek’s shares up by 1% to $25.24.
- And the banks were strong, with the Big Four and Macquarie all finishing green.
- It wasn’t such a good day for newly demerged Web Travel Group, which fell more than 35% to $4.53.
- While there were falls across the tech companies, with Wisetech Global, NEXT DC and Technology One all down.
CURRENCY UPDATE:
- AUD/USD: 67.35 US cents
- AUD/GBP: 51.5 pence
- AUD/EUR: 61 Euro cents
- AUD/JPY: 100 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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The world of investment might look scary, but learning a few simple tips can help you approach with confidence, and help your financial fitness.
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Australia’s housing market needs solutions quickly, so is it up to local councils to get out of the way and allow more development?
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The Chinese government will pump cash through the struggling economy, but with markets expecting more, will this do the job?
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Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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The IMF has taken a swipe at the government, saying that government spending is adding to pressures in the economy.
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The US rate cut decision sent Wall Street down, but Australia’s market still continues to hit new records.
MARKET WRAP:
- ASX200: up 0.09%, 8,205
- GOLD: $2,665 US/oz
-
BITCOIN: $88,072 AUD
-
Sigma healthcare had no new news on its planned merge with Chemist Warehouse but shares were up 7% to $2.05
- Mesoblast also took off closing up 8% to $1.35 well off its 52 week low of 25 cents
- In the REIT space Dexus up 2.6% to $7.78, Charter Hall 1.9% to $15.89 and Hotel Property Investments up 1 cent to $3.77.
- Pilbara Minerals was one of the worst after a block trade of $270 million was done at a 4% discount to its price yesterday shares down 4.8% to $3.15
- ARB corporation lost 5% to $44.26
- Droneshield lost 3.7% to $1.39
- GYG shares down 2% to $38.50. Collins Foods going the other way, up just under 2% to $8.77 on a broker rating
CURRENCY UPDATE:
- AUD/USD: 68.55 US cents
- AUD/GBP: 52.3 pence
- AUD/EUR: 62 Euro cents
- AUD/JPY: 100 Japanese yen
- AUD/NZD: 1.10 NZ dollars
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The ASX 200 moved up slightly today, as investors looked for any signs of further conflict in the Middle East.
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Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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A jump in the price of oil helped Energy companies on the local bourse, but not enough to stop losses overall.
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As New South Wales enters small business month, SMEs are looking to jump the hurdles and keep growing.
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With payment services changing, fintech Indebted are looking to corner a new section of the debt collection market.
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Virgin has been partly acquired by Qatar Airway through Bain Capital, so will this speed up the chance of an IPO?
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Australia’s home prices are still growing, but with some capital cities heading backwards in September, have we hit the wall?
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A deal allowing Qatar Airways to take on a quarter of Virgin could get hopes up for the chance of an earlier IPO.
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The government hauls in a surplus of $15.8 billion; productivity not heading in the right direction; the share market hits another high as iron ore prices jump; geopolitical & other risks threatening business; Nike sales drop off in Australia; examining relationships & money; super funds offer digital advice options; and Adam Dawes joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Megan Grew
Publisher: Nine Radio
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While you might have discovered the right person to love, working on your financial goals is an important part of the relationship.
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Chinese stimulus has driven even larger gains on the Australian markets, with record highs on the ASX again led by the miners
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While geopolitics has been at the front of mind for the last couple of years, do the risks make the business outlook even harder?
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With Chinese stimulus giving a boost to commodity prices, the miners charged again to help the ASX to another record close.
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This week: Australia's interest rates stay on hold, with the Reserve Bank showing no sign of changing direction; headline inflation drops to 2.7% but is masked by government energy rebates; reflections on how the pandemic was handled economically; the Albanese government runs negative gearing & capital gains changes up the flagpole; and Ben Willee tells us why the AFL & NRL grand finals are so important for broadcasters.
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Negative gearing & capital gains tax changes dominate political discussion; Star Entertainment posts a $1.7 billion loss in a challenging year; Weet-bix & Vita Brits could find themselves under the same umbrella; footy finals make a huge difference towards the bottom line of media networks; more Australians getting extra jobs to build their wealth; and Scott Phillips joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Footy finals have descended upon us, but what sort of impact do they make for media networks and their advertisers?
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Star Entertainment has got its lifeline, but with losses of $1.7 billion in the last year, is it too little too late?
MARKET WRAP:
- ASX200: up 0.95%, 8,203
- GOLD: $2,693 US/oz
-
BITCOIN: $93,043 AUD
-
Sliding late in the day was the Energy sector, which dropped 1.1% as the price of Brent Crude plunged in late trading.
- Woodside closing down 2.7% to $24.70 and Santos dropped 2.3% to $6.92.
- Commonwealth, Westpac and ANZ all finished down.
- Underwear retailer Step One fell 8.8% on the news that its founder and chief executive was selling stock.
- Brickworks saw shares jump 7.2% after beating expectations to post a net loss of $119 million for the year.
- Consumer Discretionary winners included Wesfarmers, up 1.5%, Aristocrat Leisure, rising 2.8%, and JB Hi-Fi, up 3%.
- BHP & CSL lifted 1.6%, as Wisetech Global gained 2.8%.
CURRENCY UPDATE:
- AUD/USD: 68.68 US cents
- AUD/GBP: 51.4 pence
- AUD/EUR: 61 Euro cents
- AUD/JPY: 99 Japanese yen
- AUD/NZD: 1.09 NZ dollars
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The federal government has run changes to negative gearing & CGT up the flagpole, but supply remains the major issue with housing.
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Consumer stocks helped the ASX 200 close to record highs again, while Energy sank after news production boosts could be on.
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Headline inflation drops to 2.7%, but is it a mirage?; the government runs changes to negative gearing & capital gains tax up the flagpole; Star Entertainment secures funding; Macquarie given $5 million fine by ASIC; concerns over financing for senior Australians; a rise of Bitcoin ATMs; and Josh Gilbert joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Concerns on finances aren’t limited to the young, with seniors saying the age pension is inadequate in a new survey.
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Inflation figures might have said that we’re closer to rate cuts than ever, but the market did not enjoy the news today.
MARKET WRAP:
- ASX200: down 0.19%, 8,126
- GOLD: $2,680 US/oz
-
BITCOIN: $92,780 AUD
-
Iron ore futures shot up to as much as $US 99 a tonne in Singapore, and that helped gains of 3.8% for BHP, 4.7% for Fortescue, and 3.8% for Rio Tinto.
- Following its demerger from Web Travel Group this week, a broker note helped Webjet to jump 15.1% on the day.
- Wesfarmers, Goodman Group and Woolworths all higher
- Premier Investments delayed its plans to spin-off its Peter Alexander and Smiggle stores… Shares down 9.1% to $30.61
- The postponement of an ACCC decision on the merger between Chemist Warehouse and Sigma Healthcare saw Sigma’s shares drop 3.5% to $1.37.
- The banks were down again, with all four majors in the red.
CURRENCY UPDATE:
- AUD/USD: 68.83 US cents
- AUD/GBP: 51.4 pence
- AUD/EUR: 61 Euro cents
- AUD/JPY: 99 Japanese yen
- AUD/NZD: 1.08 NZ dollars
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Australia’s headline inflation has dipped to 2.7%, but with energy subsidies masking the real story, it could be a while for rate cuts to happen still.
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Lowered power bills by the government help headline inflation to drop back into the 2s for the first time since 2021, but should the RBA be reading through this result?
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The Reserve Bank keeps interest rates on hold at 4.35%; Chinese stimulus to help Australia; AI advancements helping small hospitality businesses save money; hotel room prices set to soar; Afterpay to put a cap on spending; and Evan Lucas joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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While the uptake of AI isn’t widespread yet, new tech that is saving cafe & restaurants as much as $8000 is helping SMEs across the country.
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News out of China that stimulus is on the way helped our miners, with the iron ore price gaining ground in trading.
MARKET WRAP:
- ASX200: down 0.13% to 8,142
- GOLD: $2,653 US/oz
-
BITCOIN: $92,661 AUD
-
Iron ore futures lifted to $US 94 a tonne, with BHP up 3.3%, Rio Tinto up 3.7% and Mineral Resources up 6.5%
- Uranium miners lept again, with Paladin up 10.1%, Bannerman gaining 12.7% and Deep Yellow rising 10.6%.
- Cettire shares jumped a huge 79% to $2.38 after publishing its full-year accounts following an audit.
- Commonwealth & NAB down 3%, Westpac losing 2.4% and ANZ off by 1.9%.
- Light & Wonder tanked by 18.4% after telling the market it was in a legal battle related to one of its poker machines.
CURRENCY UPDATE:
- AUD/USD: 68.34 US cents
- AUD/GBP: 51.1 pence
- AUD/EUR: 61 Euro cents
- AUD/JPY: 98 Japanese yen
- AUD/NZD: 1.09 NZ dollars
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The Reserve Bank has kept interest rates on hold at 4.35%, and will prefer getting underlying inflation under control before cutting rates.
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The cash rate has remained at 4.35% as it has done since November 2023, with the RBA board not hinting at cuts any time soon.
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The Greens call for the government to intervene on interest rates; the RBA prepares to make its next decision on interest rates; the ACCC takes the supermarkets to court over misleading discounting; reflecting on our pandemic success; personal finance all about mindset; Microsoft goes all in on nuclear for its data centres; and Elio D’Amato joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Megan Grew
Publisher: Nine Radio
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While economists like to prepare for rational behaviour of people, our mindset and emotions can change how we act with money.
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The supermarkets are under attack, and the share market reacted accordingly, with prices for Coles & Woolies both down.
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Australia got its pandemic response right in so many ways, but which responses can we learn from for next time?
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The supermarkets will face legal action over discounts, with the ACCC alleging they faked discounts on hundreds of items.
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This week: Business fires up for a fight with the government ahead of the 2025 federal election, pushing up Australia's financial knowledge, superannuation to come into line with pay cycles, pushing through the financial stress of Christmas, and the US Federal Reserve cuts interest rates for the first time since the pandemic.
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The US Fed cuts rates by 50 basis points; Australian unemployment stays at 4.2%; ASX again breaks record ground; Woolworths investors look for change; is Tupperware’s demise down to being too successful?; Decathlon looks to downsize stores; the working from home debate rages on; and Tony Sycamore joins us for the Market Wrap.
Hosts: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Australia loves big box retailers, but Decathlon is taking a different stance to try and grow its influence Down Under.
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While the debate rages on about whether workers should operate from home, Officeworks is partnering with SMEs to make doing business an easier task.
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The US rate cut decision sent Wall Street down, but Australia’s market still continues to hit new records.
MARKET WRAP:
- ASX200: up 0.61%, 8,191
- AUD: 68.24 US cents
- GOLD: $2,607 US/oz
-
BITCOIN: $90,898 AUD
-
The miners were doing most of the heavy lifting up 2.3%, with BHP rising 2.6%, and Rio Tinto lifting 3.5%
- James Hardie was up 5.4% to $56.41
- Sims shares up 12% to $12.40 after it released first quarter guidance.
- And the major banks rose – ANZ the standout, up 1.1%.
- ALS flagged a hit to its profit with shares down 8.6% to $13.67
- Industrial stocks were down by 1.3%, with Transurban, down 1.9%, and Computershare falling 3.5%.
- While also shedding more than 1% was QBE, Resmed and Treasury Wines.
CURRENCY UPDATE:
- AUD/USD: 68.23 US cents
- AUD/GBP: 51.5 pence
- AUD/EUR: 61 Euro cents
- AUD/JPY: 97 Japanese yen
- AUD/NZD: 1.09 NZ dollars
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The US Fed shocked markets with a 50 basis point cut overnight, but how long will it be until the RBA follows?
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The Australian share market once again soared to new heights as it reacted to news that the US Fed had cut rates by 50 basis points overnight.
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The Business Council pushes back against the government; markets await the rate decision from the US Fed; changes to super will see more frequent pay; the changing face of the workplace; the move to electrification opening up opportunities in manufacturing; getting prepared to avoid the financial stress of Christmas; and Kyle Rodda joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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With Christmas less than 100 days away, how can we be preparing for a time of year that can be financially stressful for many?
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Australia’s move to electrification has created opportunities in manufacturing – with GoZero pushing further into bus building.
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A quiet day on the market today is leading up to a big decision for the US Fed on rates overnight.
MARKET WRAP:
- ASX200: up 0.02%, 8,142
- AUD: 67.76 US cents
- GOLD: $2,595 US/oz
-
BITCOIN: $88,788 AUD
-
Utility stocks up 1.3%, led by Origin Energy, which lifted by 2.2%
- There were lifts of more than 1% for Reece, and Pro Medicus.
- Next DC shed 0.9% to $16.83 after announcing the launch of its share purchase plan.
- Materials fell by 0.5% with BHP, Fortescue and Rio Tinto all down.
- Resmed dropped 3% and Fisher & Paykel fell by 1%
CURRENCY UPDATE:
- AUD/USD: 67.80 US cents
- AUD/GBP: 51.3 pence
- AUD/EUR: 60 Euro cents
- AUD/JPY: 96 Japanese yen
- AUD/NZD: 1.09 NZ dollars
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Changes in the parliament will see superannuation paid more frequently, starting in 2026.
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There were only minor movements on the markets today, with traders waiting for the clearer rate picture expected to emerge out of the US tonight.
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Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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The market has once again climbed to new heights, with the ASX 200 gaining another 0.2% today.
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US rate cut talk sends the market to new highs; housing legislation debate gets heated in parliament; fears Baby Boomers may not be retiring with enough super; Bunnings CEO hits back over price gouging; Qantas hikes prices to change tickets; protecting ourselves from scams; some Australians spending $10,000 a year on toll roads; and Adam Dawes joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Megan Grew
Publisher: Nine Radio
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In our first segment looking at financial fitness, we delve into the world of scams, what to watch for, and how to help yourself if you get caught out.
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The US looks set to cut rates this week, boosting markets and sending the ASX 200 to an all-time high finish.
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Australia’s housing market is in a state of flux, but will legislation making its way through parliament help make property more affordable?
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Australia's share market rode another Wall Street bounce to all-time highs, as the US gears up for rate cuts later this week.
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If you've missed any of Money News this week, don't fret! Money Week will give you a sample of the best interview across the last week, in your podcast feed on a Sunday.
This week: Preparing for the financial side of funeral costs, demystifying the world of ETFS, why the oil price has been sinking & whether motorists will benefit, household spending gets a boost by an early Father's Day, and the latest in the world of media with Ben Willee, as Nine Entertainment searches for a new CEO.
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Household spending has increased by 1.8% across August, getting a boost from an earlier-than-usual Father’s Day.
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Mike Sneesby will step down as the CEO of Nine Entertainment, but which direction does the multifaceted company take next?
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US inflation drops to 2.5%; government gets a deal done on aged care; Australian households spend up big for Father’s Day; Alan Joyce still getting a sweet deal from Qantas; Nine Entertainment on the hunt for a new CEO; sex sells in the podcast world; the most expensive chicken nuggets you can find; and Scott Phillips joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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With Russia potentially limiting its exports of uranium, could Australian miners be the ones to benefit in the long run?
MARKET WRAP:
- ASX200: up 1.10%, 8,075
- AUD: 66.72 US cents
- GOLD: $2,545 US/oz
-
BITCOIN: $87,192 AUD
-
Wisetech Global raced to a new record high, up another 3.5% to $131.64
- Appen jumped over 16% after further market excitement over the direction of AI.
- Uranium miners Deep Yellow rising 13.5%, Paladin gaining 9.1% and Bannerman Energy up 13.3%
- Commonwealth Bank up 1.4%
- Goodman Group rising 2.4%
- Fortescue lifting 2.2%
- Nine Entertainment shed 2.8% after CEO Mike Sneesby announced he would be stepping down.
- Brickworks sank by 1.8% to $25.57 after it said a non-cash impairment charge of $172.4 million would affect its results.
- And BHP dropped 1.4% as it went ex-dividend.
CURRENCY UPDATE:
- AUD/USD: 66.75 US cents
- AUD/GBP: 51.2 pence
- AUD/EUR: 60 Euro cents
- AUD/JPY: 95 Japanese yen
- AUD/NZD: 1.08 NZ dollars
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The Australian share market lifted by more than 1%, getting a boost from Wall Street, after US headline inflation came in at 2.5%.
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The US election heats up, as Donald Trump debates Kamala Harris; oil prices fall, which could be great for motorists; RBA gives a warning on the slower labour market; lithium gets a boost; Airbnb teams up with regulators to work on property challenges; Huawei launches triple-fold phone; and Carl Capolingua joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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While housing remains a challenge for Australians, short-term accommodation provider Airbnb is working with regulators to provide a new vision.
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As a Chinese EV battery maker halts two of its mines, could this be the start of a turnaround in the fortunes of lithium locally?
MARKET WRAP:
- ASX200: down 0.30%, 7,987
- AUD: 66.61 US cents
- GOLD: $2,551 US/oz
-
BITCOIN: $84,888 AUD
-
The surge for Materials was built on the back of lithium
- Mineral Resources surged 16%, Liontown lifted by 14.3%, Pilbara Minerals was up 13.1% and IGO jumped by just under 5%.
- BHP up 1.8%, Fortescue gaining 2.6% and Rio Tinto rising 1.2%
- REA group shares down 2.2% to $197.99.
- Our local tech companies went backwards, with NextDC losing 5.6% and Wisetech dropping 0.6%.
- While the banks were down, with the Big Four suffering between 1.5 and 1.9%
CURRENCY UPDATE:
- AUD/USD: 66.61 US cents
- AUD/GBP: 50.9 pence
- AUD/EUR: 60 Euro cents
- AUD/JPY: 94 Japanese yen
- AUD/NZD: 1.08 NZ dollars
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The oil price has sunk to levels not seen since December 2021, giving hope that prices at the bowser could start to moderate.
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While the oil price might be falling right now, news out of China sent local lithium miners soaring today.
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Fight between Labor & the Coalition over the RBA; property values surge again; Australians not building up emergency savings; Apple launches next generation of iPhones; markets steel themselves for Trump-Harris debate; FHSSS changes on the way; business confidence & conditions taking a hit; consumers worried by jobs outlook more than rates; and Evan Lucas joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Changes are on the way to the First Home Super Saver Scheme, as first home buyers scramble to get into the property market.
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The first Harris-Trump debate is about to take place, but will we learn anything on the pair’s economic credentials?
MARKET WRAP:
- ASX200: up 0.30% to 8,011
- AUD: 66.58 US cents
- GOLD: $2,530 US/oz
-
BITCOIN: $85,807 AUD
-
Fission Uranium Corp shareholders voted in favour for a takeover, with Paladin shares up 5.9% to $8.86
- Commonwealth hit another all-time high at $143.77, and Westpac & NAB up at seven-year highs.
- Also up by more than 1% was QBE, Suncorp and Resmed – helped by that news on Apple’s alerts for sleep apnoea.
- Steadfast Group dropping almost 11% after ABC reporting into strata practices
- Life 360 fell by 8.1% to $17.03 after a pullback on its US-listed shares overnight.
- Also in the red was Fortescue, Brambles and Cochlear.
CURRENCY UPDATE:
- AUD/USD: 66.58 US cents
- AUD/GBP: 50.9 pence
- AUD/EUR: 60 Euro cents
- AUD/JPY: 95 Japanese yen
- AUD/NZD: 1.08 NZ dollars
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While the fight over interest rates & the RBA has subsided, a clash over the new RBA board rules has hit Canberra today.
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The ASX finished ahead after a strong lead from the US, but data from NAB & Westpac painted a bleak picture of the economy.
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The fight heats up over who’s to blame on the economy; prepaid funeral plans offset cost of living fears; the Nats look to shakeup aviation; China looks set for deflation; the ETF market set to grow to $500 billion by 2029; Americans set to get the home espresso coffee treatment; and Elio D’Amato joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Megan Grew
Publisher: Nine Radio
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More Australians are looking to invest in ETFs, with good returns and lower costs helping to make it a lucrative option.
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With big data out of the United States & China, could we see changing fortune on our markets?
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As cost of living challenges take hold, more Australians are looking to cover off the cost of their funeral.
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Big falls Friday on Wall Street didn't play out on the ASX today, as Westpac names its next CEO.
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If you've missed any of Money News this week, don't fret! Money Week will give you a sample of the best interview across the last week, in your podcast feed on a Sunday.
This week: House prices keep kicking along; demystifying superannuation for Millennials; iron ore price heads down; the national accounts show a slowing economy; Michele Bullock defends the RBA's record; and a $24 billion deal for an Australian data centre company.
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Michelle Bullock fires back after criticism on interest rates; AirTrunk’s $24 billion data centre deal; Optus & TPG get greenlight from ACCC; oil surplus drives prices down; CCA calls for us to eat less red meat; beef exports hit record highs; trade surplus widens; crypto being left in wills; and Kyle Rodda joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Australia’s beef farmers are in a good spot, with prices starting to rise, the weather’s ok, and exports hitting record highs.
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The oil price has been on the slide in recent days, with lower demand and extra supply behind the change.
- ASX200: up 0.40%, 7,982
- AUD: 67.28 US cents
- GOLD: $2,544 US/oz
-
BITCOIN: $84,685 AUD
-
Leading the pack were tech stocks.. energy was down almost 4%, as the oil price slid once again.
- Losses were led by Woodside, which slipped 6.8% to $25.00 after also being downgraded to a “sell” rating from Citi.
- The AirTrunk deal was also good for ASX-listed data centre company NextDC, which gained 8.4% to $17.42.
- More falls for the iron ore price – with futures down to $US 90 a tonne – wasn’t enough to put off the big miners, with BHP & Rio Tinto both in the green.
- Coal miner Coronado shares were down 16% to 92 cents.
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The Reserve Bank has been under fire for its interest rate agenda, but a speech from Governor Michele Bullock has reiterated that we’re nowhere near rate cuts yet.
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AirTrunk is a business you might not have heard of, but have ridden the AI wave to do a $24 billion deal on its data centre business.
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Falling oil prices on a weakening outlook has hurt companies like Woodside in recent times.
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GDP fell to just 1% over the last year to June; markets slump as US tech giants drop; Australians looking for environmental & monetary benefit through rooftop solar; travel goes local; and Kate Hanrahan joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Australians are using the weaker economic conditions to take more holidays at home.
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Whether for financial or environmental reasons, more people are looking to make the energy transition by getting rooftop solar
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A big drop on US markets was led by falls by Nvidia & Intel, so is the tech boom now over?
- ASX200: down 1.88% to 7,950
- AUD: 67.09 US cents
- GOLD: $2,511 USD/oz
-
BITCOIN: $84,576 AUD
-
US losses were led by US tech giants NVIDIA and Intel – which both fell just under 10%.
- Coles shares fell 1.4% to $18.25, after saying its Vintage Cellars & First Choice brands are set to disappear
- Endeavour shares fell 2.8% to below $5 a share
- Iron ore producer Fortescue Metals tumbled 8.5%
- Can and glass bottle maker Orora surged more than 7% to $2.68 after it announced it was selling its North American packaging solutions business.
- Bega had a tasty day up 2% to $5.12, close to its 52 week high of $5.20
- And a potential Virgin-Qatar deal hasn’t put off Qantas shareholders, with the Flying Kangaroo up 0.6% to $6.78.
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Australia’s GDP has increased by just 1% over the last, with worries that our economy is headed at pace towards recession.
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The share market lost almost 2%, but the weakness was everywhere with GDP in its worst spot outside the pandemic since the early 1990s.
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Iron ore prices take a tumble, hurting the potential for Australian trade; Commonwealth Bank hits a new high; kids getting an average of $750 a year in pocket money; learning how to make your small business stand out; expensive yachts hit the America’s Cup; and Henry Jennings joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Kids are getting an average of $750 a year in pocket money, with the skills used to manage their money setting them up for life.
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Standing out as a small business can be difficult, but SMEs are developing new skills to find a place in the market.
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Commonwealth Bank has broken its all-time high again, but how long can the good run last for?
- ASX200: down 0.08% to 8,103
- AUD: 67.51 US cents
- GOLD: $2,535 US/oz
-
BITCOIN: $87,315 AUD
-
Consumer Staples stocks took the biggest hit, down almost 2% on the day.
- The fall in iron ore didn’t help our big miners, with BHP down 1.7%, Fortescue falling 2.6% and Rio Tinto losing 1.7%.
- Lithium didn’t fare much better, with Mineral Resources, Liontown and IGO leading losses.
- Some big names in the Staples sector went ex-dividend, with Woolworths down 2.8%, Coles backwards by 2.4%, Endeavour dropping 3%, and Wesfarmers off by 1.4%.
- The sale of its European account-to-account payments business saw EML Payments gaining 3.6% to 73 cents today.
- While there were also lifts for Wisetech Global (up 2.4%) and Suncorp Group (up 1.4%)
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The iron price has been falling in recent times, but should we be panicking, particularly ahead of GDP figures on Wednesday?
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The ASX was slightly down today, but with national accounts out tomorrow, will a drop in the iron ore price spell disaster for the nation?
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Australia is set for $5 trillion worth of intergenerational transfer in the next few decades, but will grandkids benefit the most?
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Young Australians are being encouraged to engage more with their super funds, to avoid missing out on thousands of dollars.
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Star Entertainment continues its poor run, being suspended by the ASX over failure to produce its annual financial results
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While the government is blaming high rates for the bad economy, Australian property is still climbing, up 0.5% on average over the last month
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Jim Chalmers starts a fight with the Reserve Bank; national house prices keep climbing, up 0.5% over the last month; Star Entertainment suspended by the ASX; young Australians encouraged to get engaged with their super accounts; getting your will in order; and Adam Dawes joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Megan Grew
Publisher: Nine Radio
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Star Entertainment has been suspended from the ASX after failing to report its company results in time.
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If you've missed any of Money News this week, don't fret! Money Week will give you a sample of the best interview across the last week, in your podcast feed on a Sunday.
This week: NIB's Mark Fitzgibbon, Woodside's Meg O'Neill, Wesfarmers' Rob Scott, Warren Hogan crunches the monthly CPI figures, and Ben Willee wraps up the last fortnight in Australian media.
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The banks cop a grilling in parliament; Wesfarmers rides the success wave of Kmart; profits down at Qantas; could the coffee run be the next workplace habit to go?; Australia’s South-East Asian trading future; increasing number of borrowers using credit cards to pay the mortgage; the latest in media with Ben Willee; and Scott Phillips joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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In our regular media wrap, is it too early to call Kyle & Jackie O’s Melbourne adventure a failure?
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Australia’s future may or may not lie in its resources, but diversifying trade with South-East Asia might be a vital pivot in any case.
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As reporting season edges towards its end, we dive into the results of Qantas as it continues to push for a turnaround to the business.
- ASX200: down 0.33%, 8,045
- AUD: 68.04 US cents
- GOLD: $2,548 US/oz
-
BITCOIN: $87,424 AUD
-
Cettire’s woes continued. Annual profit dropped by 34%, adding to the turbulent year for the fashion brand, with shares down over 20% in trading today.
- Mineral Resources won’t pay a dividend after being affected by softer lithium prices, with shares down 8.1%.
- There were also losses for BHP, Woodside and Woolworths.
- Qantas shares lifted in late trading, up 0.8% on the day after its full year profit fell by 28% to $1.25 billion.
- Bega lifted revenue and profit helping the company’s price up by 9.4% to $4.66.
- Record revenue for IDP Education saw its shares lift by 3.1%.
- While there were gains of more than 1% for Computershare, Ramsay Health Care, and Charter Hall.
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Booming sales across Kmart, Officeworks and Bunnings helped Wesfarmers boost its profits across the last financial year.
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News on US rate cuts sends markets & dollar soaring; petrol prices at 13-month lows; white paper puts airlines on notice; Australians keeping hold of health insurance despite cost of living challenges; home insurance causing stress; competition heats up in the banking sector; old coins worth their weight in gold; and Elio D’Amato joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Francis Fuller
Publisher: Nine Radio
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The success of Kmart, particularly through its Anko range of products, has helped Wesfarmers to increase its bottom line for FY24.
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Inflation lowers to 3.5% year-on-year, as subsidies impact; a tough year for Woolworths ends up on the balance sheet; Adairs prepares for pillow crisis; softer ad market hurting Nine; stepping up the fight against text message scams; and Carl Capolingua joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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On a single day this year Optus managed to block more than 2.4 million scam texts. But can our telcos do more to help?
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A softer TV advertising market has offset a good result from the Olympics for Nine, but a year of media reckoning still suggests a lot of work to do for the media giant.
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A year of criticism has ended with Woolworths settling on a tougher earnings result.
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- ASX200: up 0.31%, 7,850
- AUD: 66.27 US cents
- GOLD: $2,508 US/oz
- BITCOIN: $91,901 AUD
-
Supermarket giant Woolworths lifted by 3.3% after it gave a special dividend to shareholders, as underlying profits fell 0.6% to $1.7 billion.
- Flight Centre has well and truly put the pandemic behind it, with strong demand for travel seeing earnings hit a new high.. Shares were up 3.7%.
- Not able to cash in a winning bet was Tabcorp, with new CEO Gillon McLachlan saying the company would not meet cost-cutting targets.. shares plunged by 15% today.
- Gas infrastructure operator APA Group saw its earnings lift to $1.89 billion, but shares fell by 1.5%.
- And after shipping nearly 200 million tonnes of iron ore over the last financial year, Fortescue’s underlying profit rose 3% to $US5.7 billion, but shares dropped 1%.
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A CPI rise of 3.5% for the 12 months to July is a step in the right direction, but are subsidies painting a false picture?
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Headline inflation to July came in at 3.5%, but has the help of government subsidies given a false dawn for where our fight is at?
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BHP brings in $US13.7 billion across FY24, but is its next focus well and truly on copper?; the humble breakfast burrito supercharging GYG; Coles margins thin; Woodside keeps expanding; small businesses vulnerable from cyber risks; Michael Jordan puts his empty property up for sale; and Evan Lucas joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Small businesses could face increased problems from cyber attacks, so how can they assess the risk they might hold?
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As the world makes its energy transition, Woodside has gone after big plays to help increase its production of natural gas.
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- ASX200: down 0.17% to 8,071
- AUD: 67.75 US cents
- GOLD: $2,544 US/oz
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BITCOIN: $92,585 AUD
-
Australian infection control company Nanosonics saw its shares leap more than 22% after a 2% increase in sales revenue helped its full year result.
- A tasty first earnings report for Guzman y Gomez sent their shares up 3.2%.
- Not as sparkly for investors today was jewellery retailer Lovisa, with shares down 13%, despite revenue and profit shooting up.
- The volatile Zip was down almost 8% after disappointing investors in its results.
- And all the major banks were down.
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BHP’s profit came in at $US13.7 billion in FY24, but will a shift towards copper deliver success for the company in the future?
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The future for BHP could lie in copper, nickel and potash, as it looks to reverse the damage from falling demand for iron ore.
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As competition heats up in the banking sector, Bendigo has grown its customer base, helping the company to lift its profits.
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The US will get its first rate cuts soon, so will that continue the recent gains seen across global markets, and how long until the RBA acts?
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NIB has seen people keeping hold of their health insurance despite rising cost of living challenges, with profit up 67%.
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US Fed Chair Jerome Powell has signalled that rate cuts are on the way, giving a kick to both our local market and the Aussie dollar.
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Bank of Queensland to cut jobs & close branches; Aussies put their trust in Aldi; infrastructure excitement around the nation; NAB to remove bonus cap on mortgage lenders; Super Retail Group brings in good sales; Jackson Hole Symposium to get underway; what price do you put on a good night’s sleep?; Ben Affleck & Jennifer Lopez put the spotlight on prenuptial agreements; and Tony Sycamore joins us for the Market Wrap.
Hosts: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Bennifer is no more, with Ben Affleck and Jennifer Lopez set to divorce. But with no prenuptial agreement in place, is it something more Australians should be thinking about before marriage?
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Would a good night sleep for you and your family be worth as much as $1500?
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We’ve been told retail is on its knees in economic headwinds, but another good result – this time for Super Retail Group – might be shifting the narrative.
- ASX200: up 0.21%, 8,027
- AUD: 67.49 US cents
- GOLD: $2,541 US/oz
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BITCOIN: $90,484 AUD
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WiseTech Global jumped another 7.8% to a record high of $120.39.
- Not so lucky was Megaport, which saw shares down almost 21% after it missed its guidance.
- Super Retail Group shares up 6.2% to $17.70 after record sales growth
- KFC & Taco Bell store owners Collins foods was down almost 13%, after it said its profit margins would fall over the next financial year.
- A net profit lift for Medibank to $570 million wasn’t able to offset market losses of 2.3%.
- Bank of Queensland will shed jobs and convert branches as part of a restructure, sending shares down 7.3%.
- Whitehaven Coal will sell a 30% stake in its Blackwater mine to a Japanese steel company for $1.6 billion, helping its shares to rise 6.3% today.
- Strong gains for Stockland, up 3.5%.. and Guzman y Gomez, up 2.3%.
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Sydney’s new Metro has won public admiration for its design and scale, so what can good public infrastructure add to the overall economy?
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Retail results continue to surprise, with Super Retail group increasing its sales over the last financial year. While the ASX continues its upward charge.
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Coffee machines help Breville to a big year – is it the essential we can’t live without?; the tech sector boosted by WiseTech Global’s performance; Scentre supporting families of Bondi Junction victims; Amazon selects Sydney for first same-day delivery trials; how easy is it to change up your brand after many years?; Hong Kong high schoolers get an education in investing; and Kate Hanrahan joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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A change is as good as a holiday, but if you’ve got a 150 year old brand, can a change be the spark that brings increased business to your company?
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Company reporting again dominated the market, with Brambles, Charter Hall, Corporate Travel Management, and Breville all in focus.
- ASX200: up 0.16% to 8,010
- AUD: 67.35 US cents
- GOLD: $2,549 USD/oz
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BITCOIN: $88,257 AUD
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Property investors Charter Hall saw its shares climb by 15.8% despite posting a big loss for the year.
- Pallet producer Brambles saw its shares up 9.3% across the day after it topped its earnings guidance.
- A boom in sales of coffee-making paraphernalia helped Breville to an increased net profit of 7.5%, with shares up almost 5%.
- Insurer IAG shares fell by 3% even with the company doubling its annual profit.
- Energy giant Santos was a drag on the sector, with its half-year profit sliding by 17% with revenue down. Shares collapsed by 4.4%.
- Commonwealth Bank shares were down 2.6% as it went ex-dividend.
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The tech sector has been riding a wave of optimism and revolution, with Australia’s Wisetech Global forging ahead in the logistics space.
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Another day of gains on the Australian share market, with tech companies leading the way offsetting losses in Energy.
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The RBA Minutes reveal rates could be higher for longer; how can the government reduce its spending?; company reporting season continues; aged care access on the agenda; small business conditions continue to weaken with more insolvencies; and Henry Jennings joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Francis Fuller
Publisher: Nine Radio
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Small business conditions continue to be sobering news, with hopes that an increase of insolvencies doesn’t last too long.
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The aged care sector will be increasingly under pressure in years to come, so could a plan to change access ages actually work?
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Yancoal dominated company news, opting not to pay a dividend in preparation for some big moves in coal.
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With the RBA signalling higher rates for longer, it’s now up to the government to take the lead and make some tough decisions to help the economy.
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Company reporting continued, as the ASX made its 8th-straight day of gains, plus the RBA Minutes are released.
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Insurance premiums to remain high as Suncorp reports; parliament to pass CFMEU administration bill; Ampol enthusiasm for EVs dwindles; Booktopia gets a lifeline; prepare for the next era of cybersecurity; Australians keep making sea & tree-changes; ; and Adam Dawes joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Francis Fuller
Publisher: Nine Radio
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The global meltdown caused by Crowdstrike’s failures last month has thrust online security back into the spotlight.
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Reporting season continues, with results of Suncorp, Ampol, a2 Milk & Bluescope all in focus.
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Domain has boosted its profits over the last full year, but will the market keep strong even if rates stay higher for longer?
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A big year for Suncorp saw the company extend its profits, as the ASX finished up yet again.
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Australia’s unemployment rate grows to 4.2%; US inflation trending in the right direction; Telstra adds customers to its mobile network; Cochlear forecasts continued demand; car reselling unaffected by an economic slowdown; a boost for media & advertising thanks to the Olympics; and company reporting continues in the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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A slowdown in economic conditions hasn’t affected the car resale markets, with Car Group still seeing opportunity for international growth.
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In a big week for Australian media, we look at the Olympic boost for Nine, why Seven’s revenue was soft, and the likely impact of gambling ad reform.
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Cochlear is putting faith that the demand for implants will continue, with sales revenue & net profit up across 2023-24.
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The big economic data doesn’t stop coming, with better signs out of the US. At home jobs are being added – just not as quickly. While the Australian share market continued its positive run.
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- ASX200: up 0.19%, 7,865
- AUD: 66.24 US cents
- GOLD: $2,493 US/oz
- BITCOIN: $87,701 AUD
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Energy giant Origin suffered a share price fall of 9.4%, despite posting a 32% jump in net profit over the last year after the company warned of a softer outlook.
- Goodman Group shares dropped 1.3% to $34.71, with strong demand for data centres on AI technology helping them to lift operating profit by 15% to just over $2 billion.
- Maker of Penfolds, Treasury Wines lifted by 2% to $12.35 despite net profit sliding by 61% over the last financial year.
- Magellan shares rose 7.6% after it reported profits.
- While there were gains of more than 1% for Westpac, ANZ, Wesfarmers and Resmed.
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Telstra’s booming mobile division has offset the struggles the company has faced from a downturn in enterprise.
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Telstra has added an extra 560,000 customers to its mobile network, helping the company while its enterprise business is going backwards.
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Commonwealth Bank ; and Carl Capolingua joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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AGL’s push into new energy will see the group focus on battery storage as part of its plans, after profits of $812m in the last financial year.
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While attention might be on company reporting, a slide in the iron ore price presents a few worries for our miners.
- ASX200: up 0.31%, 7,850
- AUD: 66.27 US cents
- GOLD: $2,508 US/oz
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BITCOIN: $91,901 AUD
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Comm Bank dominated the headlines, up 1.3%
- A gold price surge over the last twelve months helped Evolution Mining to record earnings, and a share price that spiked by 6.6%.
- A 37% jump in net profit helped Pro Medicus to continue its strong run, up another 7.2% today.
- Sinking iron ore prices – which are now down to $96 US dollars a tonne in Singapore Futures trading – had an impact on our large producers.
- BHP fell by 2.8%, Fortescue dropped 4.6%, and Rio Tinto shed 2.6%.
- Also falling into the red was Dexus, Whitehaven, and NAB.
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The ASX climbed for the fourth consecutive day, with the market watch more big company reporting including Commonwealth Bank and AGL.
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Commonwealth Bank has reported earnings of $9.8b for the last financial year, beating market expectations for the company.
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Australian wage growth steady at 4.1% year-on-year; consumers more upbeat after tax & fiscal support; big CSL profits; Temple & Webster shocks the market; health lobby pushes back on premiums; Small Business Ombudsman sets out 14-point plan to re-energise the sector; how you can access energy bill relief; and Grady Wulff joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Francis Fuller
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The government will gift households $300 in energy relief this financial year, but who’s eligible and how can they get it?
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Better business condition numbers from NAB were a pleasing sign, but the Ombudsman has a 14-point plan to re-energise the SME sector.
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CSL’s performance dominated earnings reports today, with a good last financial year unable to offset concerns on its forward guidance.
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Australia’s wages have risen by 4.1% over the last year, while consumers are feeling more upbeat on economic conditions.
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The market continued its recovery, up another 0.2%, with all eyes on the earnings on some of the big names today.
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The Reserve Bank hits out at economic commentary; JB Hi-Fi pushes into a new area; life insurance loses out as the cost of living hits; ACCC delays Chemist Warehouse decision; getting started in investing; Paris Olympics to recycle gear; and Elio D’Amato joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Francis Fuller
Publisher: Nine Radio
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The world of investment can be a complicated one, so where should newbies start
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JB Hi-Fi’s next move into the home space got investors excited, despite recent woes in the retail sector.
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The Reserve Bank has hit out over the certainty of predictions and level of economic commentary, but is it right?
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A new acquisition for JB Hi-Fi got the market very excited, with the ASX200 boosted by half a percent on the day.
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If you've been missing Money News over the Olympics, never fear! The show will be back on air from August 12, with all your daily podcast catch ups and the Market Wrap returning to your feeds.
Join Deb Knight as she talks to Australia's biggest companies during FY24 reporting season right across the month.
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ASX dives after following Wall Street; house prices still trending upwards, but starting to turn; hybrid vehicles preferred over EVs for resale; ANZ sacks & suspends traders over bond misconduct; how the US election might rearrange markets; why kids as young as 8 could get access to debit cards; and Tony Sycamore joins us for the Market Wrap.
Hosts: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Francis Fuller
Publisher: Nine Radio
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The way we pay kids pocket money is changing, with Westpac launching a debit card accessible to children as young as 8.
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Kamala Harris is now the likely Democratic candidate for President, but does that change the market response to the November election?
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The Australian market shed heavily after Wall Street’s losses, so can our tech sector stand on its own two feet?
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Australia's house prices continue to surge higher, but there are signs that the growth might not be here forever.
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The ASX 200 finished at a two-week low after a big selloff on Wall Street overnight flowed through to international markets.
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Cold weather hits the price of wholesale electricity; ASIC steps up its fight against insider trading; Aussie dollar crumbles; the head of the AFR recaps a glorious 13 years; Kiwis coming to Australia in droves; and Kate Hanrahan joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Michael Stutchbury will step down as head of Australia’s best business newspaper after 13 years in the top job and with many big stories broken.
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Telix Pharmaceuticals have pulled out of a plan to list on the Nasdaq and will take on $650 million worth of debt.
- ASX200: down 0.09% to 7,963
- AUD: 65.99 US cents
- GOLD: $2,413 USD/oz
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BITCOIN: $100,424 AUD
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There were mixed fortunes for Tesla & Alphabet in overnight reporting.
- Gains were led by the gold miners, with Emerald Resources up 6%, Ramelius up 4.2% and Evolution up 4.1%.
- Gains of more than 1% for Cochlear, Suncorp and Resmed.
- It was a sell off for energy and real estate stocks driving the losses today.
- Falls in the oil price – with one barrel of Brent crude oil at $US 81 – saw losses of 1.3% for Ampol, Viva Energy down 1% and Beach Energy off by 3.3%
- Goodman Group and Stockland led the real estate losses, down 2.1 and 2% respectively.
- And Flight Centre shed 4.7% after revising its profit guidance.
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ASIC has been accused of not being tough enough on financial crime, but with our markets some of the cleanest in the world, will a new insider trading taskforce help to keep it that way?
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The big tech companies are showing off what they've got, but its differing fortunes for Tesla & Alphabet right now.
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Perth property owners look to sell local; tax reform needed to avoid social mobility loss; ASIC files charges over ‘pump and dump’ scheme; what to expect from the Magnificent Seven this week; corporate activism going unnoticed by staff & shareholders; how SMEs can avoid cyber problems; and Henry Jennings joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Corporate activism might be the latest trend, but it seems that most people don’t like or care about what companies are doing.
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As businesses still recover from last week’s global computer outages, is the risk from cyber activity still too great for SMEs?
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The Nasdaq has rallied yet again, so what can we expect when we hear from a few of the Magnificent Seven this week?
- ASX200: up 0.50% to 7,971
- AUD: 66.22 US cents
- GOLD: $2,399 US/oz
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BITCOIN: $100,774 AUD
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The Nasdaq gaining 1.6% helped local tech companies today, with Wisetech Global up 2.2%, and Xero up 1.8%.
- Toll road operator Transurban up 1.3% after gaining a new deal with the Queensland government on the state’s Logan Motorway.
- The big four banks all finished higher, but Macquarie Group lost half a percent.
- Woodside slid again, down 3.7% after its quarterly update, which flagged a cost hike for its Scarborough LNG project.
- BHP, Rio Tinto and Fortescue all finished down with iron ore futures sinking.
- Goodman Group, Woolworths and Coles all went backwards.
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Australia is the country of the ‘fair go’, prompting calls for the government to look at the tax system to help social mobility.
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The ASX 200 followed a rally on Wall Street, with tech companies helping the market to gain half a percent today.
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What does Joe Biden’s withdrawal from the presidential race mean for markets?; Australians asked to consider reverse mortgages; NAB lowers its fixed rate; Crowdstrike’s share fallout; Woodside in for US LNG assets; commercial real estate softer than it once was; the world turns to “recession” pop to break the blues; and Adam Dawes joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Commercial real estate has been changed by the pandemic, with prices starting to slow on the back of poor demand.
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As property prices have risen, the family home has become an important asset, but it might be the key to unlocking financial security in retirement.
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The American election has turned another corner, with Joe Biden dropping out of the race. But will that shift US markets at all?
- ASX200: down 0.50%, 7,931
- AUD: 66.65 US cents
- GOLD: $2,405 US/oz
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BITCOIN: $100,903 AUD
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The Energy sector was the hardest hit, with only the Consumer Staples & Discretionary sectors escaping the falls.
- A 2.1% dive for Woodside after it made a $900 million US dollar move for an American LNG developer.
- Whitehaven dropped 4%, Beach fell 2.6%, while Karoon lost 2.1%.
- BHP fell 0.3%, and Fortescue dropped 0.5%, while South 32 plunged almost 13% after it sent a warning on the viability of the Worsley alumina refinery.
- Commonwealth was the sole major bank to escape the red.
- Gains in the Staples sector saw Treasury Wines lift 1.9%, Coles up 1.3% and Endeavour rising 1.5%
- Insignia Financial jumped 5% to $2.50 as it said it expects better than expected earnings.
- While there were also gains of 1% or more for Cochlear, Yancoal and JB Hi-fi.
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NAB has fired the next shot in the interest wars, cutting its 3-year fixed option to under 6%.
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As global markets await the US reaction to the withdrawal of Joe Biden from the US Presidential race, the ASX started the week poorly.
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Unemployment rises to 4.1% across June; time to review & check your super beneficiaries; Kerry Packer’s former accountant joins the show; Rupert Murdoch signals the end of the newspaper industry; a record-setting sale of a dinosaur skeleton; and we look at success for Telix Pharmaceuticals in the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Francis Fuller
Publisher: Nine Radio
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Rupert Murdoch has rung the death knell for the publishing industry, with predictions that print newspapers only have 15 years left.
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The perks of working as Kerry Packer’s former accountant would be obvious, but now Allan Mason wants to help all Australians pay less than they have to towards the ATO.
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- ASX200: down 0.27%, 8,036
- AUD: 67.40 US cents
- GOLD: $2,476 US/oz
- BITCOIN: $96,012 AUD
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While the unemployment rate did lift to 4.1% across the month of June, there’s still concerns that it won’t be enough to avoid another rate rise from the Reserve Bank
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The unemployment rate rose to 4.1% across the month of June, so how does that affect what the RBA does next?
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The government to appoint an administrator for the CFMEU; Australia’s super sector delivers super performance; the ASX climbs to new highs; BHP hits record iron ore & copper production; Fortescue sidelines its hydrogen ambitions; AI makes its way into the credit industry; winter blues for the property market?; and Carl Capolingua joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Assistant Producer: Sean Woodward
Technical Producers: Ben Davidson, Kayne Stephens
Publisher: Nine Radio
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Winter isn’t always the best time to buy and sell property, but the residential market appears to be heading towards more normal settings.
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With AI now creeping into every sector, could changes in the credit industry allow more people to gain access than ever before?
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Fortescue has cut 700 jobs in its hydrogen division, potentially signaling a change in strategy for the big miner.
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Australia’s superannuation sector delivered strong performance over the last financial year, but who was setting the world alight at the top of the charts?
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The government takes action on the embattled union.
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Another record breaking day for the ASX saw the market grow by 0.7% following another strong lead from Wall Street.
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Mixed economic fortunes into the future; the end of the newspaper business?; smartphone sales pick up; the US presidential race shifting markets; natural gas storage capacity given a boost in Victoria; coffee prices start climbing; and Evan Lucas joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Francis Fuller
Publisher: Nine Radio
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Coffee prices are surging around the world, with droughts in growing areas hurting supply.
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The head of AEMO says nuclear isn’t going to be the solution, so a focus has turned to improving our natural gas storage capacity
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The US has a Republican nominee for President & Vice President, but it could shift the markets, particularly with Trump’s plans for tariffs on China.
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While we might get inflation sliding back to normal levels over the next year, could it come at the cost of other economic factors getting worse?
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The ASX couldn't set more records today, despite a strong lead from Wall Street, with Materials stocks headed backwards.
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The ASX hits a record high; union movement’s future uncertain with the CFMEU in hot water; banks forced to pay back $28 million to customers; UK house prices on the decline; Chinese economy sluggish; Jim Chalmers predicts a larger surplus; big business in probiotics; big spending on State of Origin; and Elio D’Amato joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Francis Fuller
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Biome has continued its growing success, taking its probiotic business to new heights in the last quarter.
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The Australian share market hit record highs, with the ASX 200 crashing through the 8000 point mark.
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The Victorian branch of the CFMEU is in hot water, but what does this mean for the union movement and a construction pipeline already struggling?
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Australia's share market is flying, with the ASX200 closing above 8000 points for the first time. But do we have to worry about the banking sector still?
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Household spending lifts across June; Xennials earning as more than their parents did at a similar age; ANZ in trouble over bonds; The Good Guys slapped down by ACCC; Jerome Powell back in Congress with US CPI due; BHP to suspend nickel mining; Woodside signs Taiwan LNG deal; carbon capture brings growth opportunities; new wetsuits assisting our Olympic sailors; and Josh Gilbert joins us for the Market Wrap.
Hosts: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Francis Fuller
Publisher: Nine Radio
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Australia’s sailors will be going for gold while decked out in the best gear, but how does a supplier deal actually work?
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InterEarth’s success in the world of carbon capture has seen the Australian startup do a revenue sharing deal with a European company.
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The United States gets its next CPI print tonight, but will it spur another day of records on Wall Street?
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Australians are increasing their spending on recreation and hospitality according to new numbers from the Commonwealth Bank.
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ANZ could be in hot water after its markets division overstated $54b of government bonds, while the market gets near record highs.
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Jerome Powell sends mixed signals on interest rates; RBNZ leaves rates on hold; Chinese stagnation problem; reforming income taxes on the agenda; generational battle over property; Booktopia cuts jobs; good news on cancer research; Ferrari goes electric; and Kate Hanrahan joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producers: Francis Fuller
Publisher: Nine Radio
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Australia’s medical technology research and development has always been world-leading, and a new way of treating bile tract cancer could be the next big breakthrough.
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Incitec Pivot has ceased sale negotiations for the fertiliser business, so what’s next for the operation?
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Australians are seeing extra cash hit their accounts through the Stage 3 tax cuts, but does a wider conversation on reform need to take place?
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Jerome Powell indicated that the softening labour market would need to be taken into account if the US Fed were to move on interest rates.
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Telstra hikes prices above inflation; business conditions falter but confidence shoots up; million dollar apartments with no parking; Aussie farmers won’t benefit from high butter price rises; SMEs look to escape insolvency conditions; cryptocurrency falls over the last month; bugs on the menu in Singapore; and Kyle Rodda joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Francis Fuller
Publisher: Nine Radio
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Bitcoin has stumbled over the last month, with prices falling by almost 20% from highs.
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SMEs are turning away from traditional financing as they try to escape insolvency conditions.
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Telstra’s price lift on customers wasn’t what they wanted to hear, but investors liked the news a lot more today.
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While business conditions might be falling below the long-term average, confidence has been surprisingly on the up.
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The Australian share market got off to a good start for the day, and finished strong as the telco sector was given a boost by Telstra plans to lift prices.
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Home loan commitments fall in May; more Australians going interest-only on their loans; the Australian dollar surges against the greenback; tech stocks hit high in the US; changes to financial advice go through parliament; Australians shift to digital wallets; cocoa prices surge again; and Adam Dawes joins us for the Market Wrap.
Hosts: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Francis Fuller
Publisher: Nine Radio
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Australians are shifting away from using cash and cards, turning instead to digital wallets to make their purchases
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A simplification of financial advice is on the way, with new laws passing parliament in reaction to the Quality of Advice Review.
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Tech stocks on the NASDAQ hit record highs, but are Australians as confident in tech stocks as what we’re seeing in the US?
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More Australians are switching the length of their loans, or going interest-only in order to combat the impact of rising rates.
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The Australian share market felt the woes of the miners, finishing down, but rate talks have sent the Aussie dollar shooting higher. Is 70 US cents in range?
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Rent prices start to slow down according to Domain; Senate committee recommends ASIC be split-up; Santos draws attention from Middle Eastern suitor; NIB & St Vincent’s can’t make a deal work; small cap opportunities in energy; American barbecue costs on 4th of July hit by inflation; LeBron’s monster contract; and Tony Sycamore joins us for the Market Wrap.
Hosts: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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With the energy transition set to shake up markets across the world, there could be small cap opportunities to gain some growth.
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While a merger between Woodside and Santos couldn’t get done late last year, could interests from the Middle East be looking at the gas giants?
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Rent increases across the country are slowing according to the latest quarterly report from Domain.
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The ASX jumped 1.2% for its best day of the financial year so far, with Santos lifting on the news that it could receive a takeover bid from the Middle East.
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Building approvals lift over the month of May, but still major fears in the construction sector; retail sales surprise with a jump of 0.6% over the last month; online retailer Booktopia enters voluntary administration; could the IKEA method work for delivering more affordable homes?; and Carl Capolingua joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Could the answer to our housing problem lie in looking towards the success of IKEA?!
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A spluttering few years for Booktopia on the ASX has seen the book retailer ultimately enter voluntary administration.
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Despite building approvals rising by 5.5% in the month of May, the construction sector has been in a slump of late, with declining sentiment and slowing activity.
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The ASX 200 finished higher, with retail sales and building approvals both leaping in the monthly figures out of the ABS.
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The Federal Opposition puts supermarket divestiture on their election platform; RBA Minutes speak of rate hikes; financial incentives for GPs to move to Tassie; looking to unlock productivity in the workplace; AI to add up to 200,000 jobs into the economy; KFC’s all-you-can-eat lodge; and Evan Lucas joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Could unlocking productivity by committing to flexible working arrangements be the spark that businesses need?
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ANZ has been sanctioned for charging fees to dead people, but is this kind of behaviour enough to put off investors?
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Just when the government had raised a big stick to the supermarkets, the Opposition has grabbed a bigger one. They’ll take divestiture powers to the next election.
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The ASX 200 fell again, with Energy stocks the only sector able to make it into the green.
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It’s a new financial year!; super returns healthy over 2023-24; Stage 3 tax cuts begin; international students have visa fees lifted; NAB outages affect customers; international elections move markets; and Elio D’Amato joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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The government might be spruiking a tax cut for all Australians, but they will also be crossing their fingers that people choose to save, rather than spend.
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While mining stocks were rising today, could a slowdown in China hamper the progress of the iron ore giants?
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The new financial year has rolled over, but superannuation funds are celebrating a big year with the market soaring in FY24.
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The Australian share market fell on losses in the tech sector, but could a range of political movements in big economies play with the state of trade?
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Changes coming in the new financial year; market recovers after a plunge on the open; the banks unhappy with margins; Qatar Airways could take a 20% stake in Virgin; assessing the economic fallout of the US election; workers look for extra work on Airtasker; no deal between media owners SCA & ACM; and Scott Phillips joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Assistant Producer: Gemma Grant
Technical Producer: Zac Briffa & Declan Helmore
Publisher: Nine Radio
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A deal between radio station owners Southern Cross and ACM could look dead after a fight over assets couldn’t be resolved.
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The first US presidential debate will fire the first shots between Donald Trump and Joe Biden, but will their economic plans actually matter to the electorate?
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As household budgets strain from added costs, some people are turning to sites like Airtasker to fill that shortfall in many odd and wonderful ways.
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Qantas investors might be getting a little nervous as #1 ranked Qatar Airways looks to take up a 20% stake in Virgin.
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Your update on what's changing come July 1
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The ASX 200 plunged 1.4% at the start of the day, but rallied through the afternoon to limit the losses on the bourse.
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Australia’s inflation rate surges again, up to 4.0% and increasing the chance of rate hikes; Star Entertainment gets a new CEO; durian fruit in hot demand despite its smelly reputation; AEMO sets out its energy transition plans; BHP set to electrify its production; ESG investing a growing trend; an upgrade for the humble bar code; and Kate Hanrahan joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Assistant Producer: Gemma Grant
Technical Producers: Zac Briffa & Declan Helmore
Publisher: Nine Radio
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As BHP becomes the latest big company to commit to an emissions-reduced future, is ESG investing the next big trend?
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Discretionary stocks have taken a pounding on the threat of further interest rate lifts, with Harvey Norman amongst the worst performing today.
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Australia’s inflation rate rose to 4.0% for the 12 months to May, increasing the chances the RBA will have to hit households with another rate hike.
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Headline inflation rose to 4.0% in the 12 months to May, increasing the likelihood that the Reserve Bank will move interest rates higher at its next meeting.
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Qatar Airways takes top gong in the world airline rankings; consumer sentiment lifts, but consumers worried about rate rises; Virgin sets themselves for an IPO; the Compensation Scheme of Last Resort makes its first payments; ; and we’ll tell you why Nvidia is taking a fall in the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Thursday marks World Micro, Small and Medium-sized Enterprises Day, but with the SME sector needing more support, what can we do to help?
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The compensation scheme of last resort has been rolled out following the banking royal commission to protect clients, but will it be too much of a cost for financial planners?
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- ASX200: up 1.36%, 7,838
- AUD: 66.70 US cents
- GOLD: $2,335 US/oz
- BITCOIN: $91,105 AUD
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Australia’s consumers are still ultra-pessimistic, now worried more than ever about the possibility of another rate rise.
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The Australian share market lifted by 1.4% today led by energy stocks, while profit-taking and concerns on Nvidia sees the behemoth suffer the worst three-day loss of value in history.
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The supermarkets to face big fines if not complying to the industry code of conduct; Australians saving less than counterparts; Armaguard gets a $50 million lifeline; Resmed falters on new sleep apnea trials; the ATO warns tax lodgers ahead of July 1; job losses at Seven West Media; and Adam Dawes joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Ahead of the end of the financial year, we check in with the taxman to see what they have their eye on as people put in their tax returns.
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There were differing retail stories for Myer & Cettire, with the department store finding new avenues, but the luxury goods retailer suffering.
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The government will adopt all 11 recommendations made by a review into the supermarkets, with fines on the line if the big boys mess up.
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The ASX started the week in the red, with health stocks being hurt by a drop of 13% by sleep apnea leader Resmed.
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Domain forecasts more property price rises across the country; Guzman y Gomez float on the ASX; support for the NSW Vinnies CEO Sleepout; CHOICE shows shopping at Aldi the cheapest option for supermarkets; the first Bitcoin ETF hits the ASX; and European football fans stump up for a win; and Tony Sycamore joins us for the Market Wrap.
Hosts: Deb Knight & Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Generation Development Group has acquired the remaining interest in Lonsec, changing the profile of the company into the future.
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Australians will get access to a Bitcoin ETF on the ASX for the first time, but does the cryptocurrency have the momentum to continue its stellar run of late?
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Guzman y Gomez has hit the ASX, rising to $30 a share in value after hot demand for the burrito rollers.
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Supporting our homeless community is as important as ever, with cost of living concerns affecting a broad section of the community.
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Adding some spice to the share market today was Mexican fast food company Guzman y Gomez, and investors were licking their lips.
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The Opposition plan for nuclear energy as Australia’s long term strategy; uranium producers share price lifts as demand grows; questions over payment to ex-Qantas boss Alan Joyce; Booktopia continues its trading halt; considering topping up super accounts for children to help the compounding effect; Maccas ditches plans on AI ordering; and Carl Capolingua joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Ahead of the end of the financial year, parents and grandparents could be looking to use the compounding effect of superannuation to help the children.
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If Australia does make the leap to nuclear energy, the good news is that we have the uranium supplies to service the demand.
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QBE has opted out of the North American middle-market, so what is next for insurers facing a tough business period?
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Opposition lobs new energy plan on the table ahead of the next election.
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Peter Dutton will take a plan to build seven nuclear reactors to the next election, but there are concerns of the costs involved.
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The Reserve Bank leaves the cash rate on hold at 4.35%, but sets a more hawkish tone; Australia Post targets the banks; the NSW government delivers the state budget; ; and Kyle Rodda joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Small businesses can find the end of the financial year a stressful time, so what do they need to keep an eye on when it comes to tax time?
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The Reserve Bank has left the cash rate on hold at 4.35% once again, but with sentiment shifting towards rate hikes, will we ever see cuts?
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Beach Energy will cut costs and jobs following a review, as it seeks to turn around its performance.
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The ASX rallied more than 1% today and wasn't put off by sentiment around interest rates that could mean more hikes are on the way.
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Australia commits to increased free trade with Chinese counterparts; Elon Musk puts meetings in the firing line; ASIC warns over ASX crypto ETF; former AFL boss Gil McLachlan becomes Tabcorp CEO; calls for investment in Australia’s octopus industry; who invented tax?!; and Elio D’Amato joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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While lobster might be the king of seafood items, growing demand for octopus is opening up calls for government investment in the industry.
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Australia’s trade relations with China are thawing after crippling tariffs, but a meeting between Australia’s PM & the Chinese Premier might see new opportunities emerge.
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Tabcorp has taken a punt by appointing former AFL boss Gillon McLachlan as its next CEO as it tries to right the ship.
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The ASX shed 0.3% after a late run of losses to end the day.
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US interest rates on hold as inflation continues to cool; the Australian unemployment rate drops to 4%; accountants offer cash advances on tax refunds; La Trobe Financial to give investors access to private credit markets; the world of media continues to turn as Peter Costello leaves Nine; AI beating analysts at stock picking; and Scott Phillips joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Nine’s woes have continued, with Chairman Peter Costello resigning after a run-in with a reporter at Canberra airport.
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La Trobe Financial has teamed up with Morgan Stanley to give investors access to private credit markets in the US.
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Chemist Warehouse’s back door deal to get ASX-listed in a merger with Sigma could be under threat after the ACCC ran its eye over the deal.
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US inflation moderated slightly, but The Fed has still pushed out rate cut predictions, while Australian unemployment falls to 4%.
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US inflation moderated, and the FOMC left rates on hold, while the Australian unemployment rate fell again to 4.0%.
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Inquiry into PwC tax scandal handed down; the gap between workers & employers on pay widens; Apple shares soar after AI integration; markets await US rates & inflation updates; Salvos ask for help during cost of living crisis; retirees prepare for the end of the financial year; and Kate Hanrahan joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Assistant Producer: Hannah McGrory
Technical Producer: Declan Helmore
Publisher: Nine Radio
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As the End of Financial Year approaches, it’s a good time to reset and see what changes are coming for retirees on July 1.
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As cost of living challenges hit everyone, the charity sector is being hit with the double whammy of more people to help and few resources to do it with.
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A crucial US inflation decision and a FOMC interest rate decision will set the tone for global markets.
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The gap between what Australian workers want in terms of pay rises and what bosses are willing to give is widening.
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The ASX 200 finished down another half a percent, with a jump in the oil price helping the Energy sector to buck the trend.
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The Chinese Premier to visit Australia; the Queensland government delivers its state budget; falling gold & iron prices slumps the ASX; bad news in NAB’s business survey; ANZ pushes back its rate cut predictions; Apple turns to AI; small businesses being slugged with extra costs; Bonza workers lose their job; Virgin gets closer to finding its next CEO; turbulence passengers get compensated; and Henry Jennings joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Small businesses are being slugged with harsher charges on payment services than the big players.
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Apple has entered the AI race, adding features to Siri that will help it catch up to the crowd.
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ANZ has predicted interest rate cuts won’t be coming until 2025 at the earliest.
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NAB’s latest business survey showed falling conditions across categories as economic headwinds grow.
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The Australian share market plunged on falling iron ore & gold prices, so could iron be on the agenda when the PM meets China’s Premier?
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Falls in the price of gold & Iron ore didn't help get the ASX off to a good start in a shortened week, while Bain makes its move for Bapcor
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Egg restrictions put into place following bird flu outbreak; the nation’s best recognised in King’s Birthday honours; Nvidia’s stock split helps new investors get access; getting kids to take an interest in the financial system; and we take a look at how the UK election is shaping up in the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Darren Brampton
Publisher: Nine Radio
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With just three weeks until the UK election, how are markets shaping up to deal with a potential transition of power in Britain?
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With financial advice a hot topic of conversation, should we be starting kids as young as possible to help them learn some important lessons for life?
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Tech powerhouse Nvidia has executed a stock split, hoping to attract even more investors on its wild ride upwards.
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Awarded for his service to business, Talal Yassine has established a financial product focused towards Islamic clients & investment.
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The Bank of Canada cuts its rates; the trade surplus widens; lending for investors & first home buyers grows; the shoppies look to get 18-21 year olds more pay; customer service in the AI age; equality for women lifting; and Tony Sycamore joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Assistant Producer: Gemma Grant
Technical Producer: Simon Owens & Declan Helmore
Publisher: Nine Radio
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Equality for women is lifting, with the FWX showing improvements due to employment changes over the last quarter.
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The importance of customer service dropped during the pandemic, but will the era of AI technology usher it back in?
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The Shoppies union is pushing for a change to the way 18-21s are paid, arguing if they can vote and drink, their pay shouldn’t be discounted.
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The Bank of Canada has become the first major economy to cut rates, with the ECB expected to follow. So how long until the RBA gets twitchy?
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Rate cuts were on the agenda for the Bank of Canada overnight, went sent global markets into a frenzy of positive action.
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Australia’s GDP struggling with growth of just 0.1% across the March quarter; RBA governor Michele Bullock won’t back down from inflation fight; credit checks on BNPL services to be introduced; Qantas to push on with plans for NY & London direct flights; exploring the world of venture capital; and Carl Capolingua joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Assistant Producer: Olivia Tan
Technical Producer: Simon Owens
Publisher: Nine Radio
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We may be starting to hit the bottom of the business cycle, but that could be the perfect conditions for venture capital to find exciting new startups.
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Treasury Wines has reaffirmed its guidance, with the luxury winemaker not feeling the pain of others at the moment.
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The national accounts are groaning in pain, with GDP growing by just 0.1% in the March quarter.
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Australian GDP dropped to growth of just 0.1% across the March quarter, signalling major pains in the economy.
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Push for financial advice to be more accessible and affordable; Godfrey’s creditors to miss out on $45 million; P&O to cease Australian operations; lotteries have potential to jackpot; commodity prices sink; Providoor starts its cold new chapter; Australians falling into financial trouble but not asking for help; Australian ranks third in online gambling revenue; and Evan Lucas joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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More and more people are falling into financial trouble, but a surprising find means they’re not asking for help when they do!
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Providoor made its name delivering hot celebrity chef recipes to homes, but will move to a frozen-only strategy to cut costs.
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Sinking prices in commodity markets precipitated a day in red for the ASX, but will it have an impact in the long run?
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Financial advice is a costly, but needed, part of our system. So what can be done to rein in costs and help make the outcomes fairer?
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Falls in the price of both oil and iron ore was always going to hit the ASX hard, with Energy & Materials the weakest sectors today.
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Fair Work recommends a minimum wage increase of 3.75%; AMP boss puts downsizing incentives & financial advice costs on the table; cybersecurity breaches at ticket sellers; protecting your business from scams; and Elio D’Amato joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Scams targeting businesses are growing, so how can you protect your operations from the worst?
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The Fair Work Commission has decided that the minimum wage will increase by 3.75% from July 1st, but is a decision that has left no one satisfied, including small businesses.
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Guzman y Gomez might be the country’s favourite go-to for Mexican food, but will investors be licking their lips as the company looks toward a $2.2 billion IPO.
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OPEC+ will commit to keeping production cuts in place as it seeks to balance the price of the commodity with revenue concerns.
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More Australian beef exporters regain access to the Chinese market; BHP can’t close a deal to takeover Anglo American; markets alter chances of rate hikes after inflation data; small businesses sink their teeth into AI; the media becomes the news in a very busy week; a John Lennon guitar sells for millions; and Scott Phillips joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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So much for covering the news – the media IS the news, with News Corp, the ABC, Nine Entertainment and Seven all making waves this week.
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The government has put $17 million on the table for small businesses to improve their AI use, so how can SMEs benefit?
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After being pushed back by Anglo American for a request for more time, BHP will now have to wait to get any takeover deal done.
- ASX200: down 0.49%, 7,628
- AUD: 66.08 US cents
- GOLD: $2,333 US/oz
- BITCOIN: $101,987 AUD
- BHP couldn’t get a deal for Anglo American over the line, and that sent shares down 1.7% to $44.30
- Iron ore price falls saw Fortescue down 3.1% and Rio Tinto down 1.5%.
- Gold companies down with Chalice Mining dropping a huge 11.7%, Northern Star and Evolution Mining both down 2.8%.
- And both Woodside and Santos were in the red by more than 1%
- A lift of further beef sanctions by China saw AACo up 2.8% to $1.45.
- A note out of Goldman Sachs talking up the prospect of Qantas helped shares to rise 2.7% to $6.07.
- And it was a strong day for Domain Holdings, up 2.4%, Domino’s Pizza up 2.9% and Pro Medicus, lifting 3.6%.
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Five more beef exporters will regain access to the Chinese market following the end of sanctions as the trade war simmers.
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BHP has failed in its bid for British resources company Anglo American, with the two parties unable to reach an agreement before last night's deadline.
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Headline inflation rises to 3.6% sparking talks for RBA rate hikes; EVs being developed for 2000km road trips; Anglo American rejects a BHP proposal for an extension to get a takeover deal done; we’re living longer than ever before; and Kate Hanrahan joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Francis Fuller
Publisher: Nine Radio
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BHP will ask for even more time to get a takeover deal for resources giant Anglo American done.
- ASX200: down 1.30% to 7,665
- AUD: buying 66.54 US cents
- GOLD: $2,371 USD/oz
- BITCOIN: $101,857 AUD
- Every sector was in the red, with Industrials, Staples and Financials all falling more than 1.5%
- A fall in the iron ore price wasn’t great news for our miners, as Fortescue lost 3.6% to $25.57 and Rio Tinto was down 1.5% to $129.66.
- Recent jumps for Neuren Pharmaceuticals were offset by falls of 9.3% today.
- Lendlease shed 2.4% after it said it had struck a deal to sell off its US construction business.
- And a poor day for Consumer Staples stocks, with Woolworths down 1.3%, Coles dropping 2%, and Treasury Wines off 4.5%.
- Heading the other way was Fisher & Paykel, which had good optimism on 2025 net profit, with shares up 3.7%.
- Gold miner Ramelius may have dropped 7.3% on news of a possible deal, but on the other side of it Westgold Resources climbed 6.5%.
- And BHP finished the day flat as the next deadline for its Anglo-American deal approaches – although the Big Australian announced to the market late today it wants more time to get it done.
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Headline inflation for the month of April rose to 3.6% year on year, killing off hopes of rate cuts and putting hikes back on the table.
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We’re living longer than ever before, but how can we translate a life that’s increasing in length with some financial goals that match?
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The Australian share market fell by 1.3% after the monthly inflation figure suggested that fiscal & monetary policy might have a lot more work to do to hit the 2-3% target range.
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Financial advice facing a price rise despite review; super funds performing strongly even as wealth shifts; retail sales weak yet again; Federal government open to corporate tax changes; shoppers spend up at convenience stores; government to fund AI programs for small business; PetO wins big out of Woolies takeover of PETstock; the Chinese influencer crackdown; and Henry Jennings joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Francis Fuller
Publisher: Nine Radio
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A retail slowdown has hit the car industry next, with Peter Warren Automotive seeing shares plunge after warning of a full-year profit drop.
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An divestment of the PETStock business following a Woolworths takeover has played into the hands of PetO, which will add 41 retail stores to its operation.
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Superannuation funds are performing well, but could a shift from Boomers to the retirement phase see cash outflows from the sector?
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The Financial Services Council will push back on an ATO decision that could cost people looking for financial advice a total of $250 million a year.
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Consumers are cutting back, with retail figures softening yet again and discretionary stocks tumbling on the ASX.
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Lendlease is set to exit its international operations in a strategy shift for the company.
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Podcast Description
Australian workers unaware that they’re getting a tax cut; regional housing overtakes capital cities for growth; Lendlease forges a new path; Bonza administrators get another couple of months to find a buyer; seconds jobs gain popularity to see off cost of living challenges; Canva’s dud rap; and Adam Dawes joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Francis Fuller
Publisher: Nine Radio
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Facing cost of living challenges, more and more Australian workers are turning to a second job to plug the financial gap.
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The housing market continues to roar, with regional prices and rents now outpacing those in the capital cities – and both growing!
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Construction giant Lendlease will look to recoup billions as it focuses on home and not overseas.
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Finding the right balance on immigration; cost of living challenges become a battle of the generations; NSW extends a deal with Origin for coal fired power generation; the Opposition prepares its nuclear plan; Nvidia booming as demand for AI chips continues; BHP’s battle for Anglo American rolls on; an iconic surf magazine finds new streams; stepping up for Miracle Babies; and Tony Sycamore joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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A team is preparing to take on Australia’s tallest office building in an effort to raise funds for charity Miracle Babies.
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An icon of Australian surfing is looking to branch out into reality TV and short-stay accommodation to keep its legacy going.
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The tech boom era rolls on with Nvidia once again shattering earnings on strong demand for its computer chips.
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The Opposition will propose large cuts to migration as part of its election platform, but could that actually work against our economy?
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A third offer by BHP for Anglo American has been rejected, but the door has been left open for a deal still to be done, with a one-week extension given.
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Farmers ropeable with a government decision to ban live exports; Commbank offers a different way to access the housing market; the Opposition to focus on spending caps & productivity for its re-election push; RBNZ leave rates on hold; older Australians consider getting back into the workforce; poultry industry holds its breath on bird flu; and Carl Capolingua joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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More older Australians are considering heading back into the workforce as cost of living problems bite at all levels.
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Webjet is booming with increased bookings and profits on the rise, but is this the time to split up the business?
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A decision to ban live sheep exports has been met with anger by farmers, who say the industry could be decimated.
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Despite Wall Street breaking more record ground, the Australian share market finished flat, but still threatens to go higher.
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Telstra to cut 2800 jobs from its workforce as part of cost-cutting; RBA Minutes reveal rate hikes were on the cards; consumers likely to save Stage 3 tax cuts rather than spend; Australian Made products make the grade; luxury fruit the next status symbol; and Evan Lucas joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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James Hardie saw sales booming, but that wasn’t enough to save the company from a rough day on the market, losing 14%.
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Australian Made products are being celebrated this week, with consumers being urged to go local and add billions to the economy.
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With tax cuts and other concessions on the way, 80% of consumers will prefer to make savings to help ease their tight budgets.
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The ASX finished the day down slightly, with Telstra signalling it will cut 2800 jobs as part of savings measures before the end of the year.
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The banks under fire from ASIC over hardship assistance; community banks as an alternative option; Maserati looks to go electric; the market reacts to a fatal helicopter crash that claimed the Iranian president’s life; Google to deliver more AI-generated answers; AI scams in focus; even more rich people in the world; and Elio D’Amato joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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The potential for artificial intelligence is exponential, but it also offers another way for scammers to get a hold of your money.
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A helicopter crash that killed Iran’s president might cause geopolitical turmoil, so will that affect the global oil market?
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Customer owned banks are growing in stature, with more people choosing them over other lenders for the focus they provide.
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Star Entertainment Group has been in trouble for the last 3 years, but could a bid from investors including Hard Rock be the solution they've been looking for?
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Unemployment comes in at a surprising 4.1%; a US CPI decline boosts global markets; the federal Opposition replies to the Budget; hackers strike again in a ransomware attack; tackling the world of media movements; and Scott Phillips joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Assistant Producer: Gemma Grant
Technical Producers: Zac Briffa & Declan Helmore
Publisher: Nine Radio
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Apple has been criticised for a “tone-deaf” ad for its new iPad, but have the critics got their assessment wrong?
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The best day on the sharemarket this year saw Real Estate, Tech and Discretionary stocks all performing strongly on rate cut bets.
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Better US CPI figures had Wall Street jumping, cutting to 3.4% over the last month.
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Australian unemployment rose to 4.1% in April, signalling the Reserve Bank may not need to consider rate hikes any longer.
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Traders made their bets on rate cuts as the best day of the year on the ASX was prompted by falling US CPI and a softening of the jobs market.
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The Budget washup; energy rebates are questioned; government spending addiction called out; small business not getting all they need; the construction sector wants more support; a lack of tax reform featured again; government workers on maternity leave to get paid superannuation; not much in the Budget for retirees; tech & innovation gets a boost; and Kate Hanrahan joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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There wasn’t a lot in the budget for retirees, but with deeming rates being frozen, that could affect who gets the pension.
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The Budget will be in surplus over the next financial year, but with deficits forecast in the future, has the government bet it all to win the next election?
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The market ticked off on the Jim Chalmers plan, gaining ground, with some companies set to benefit in tax breaks after the Budget.
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Will the government's cost of living measures send inflation packing, or is just a temporary measure that will make the situation worse?
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Listen back to the budget special with Deborah Knight, Tom Elliott, Julie-anne Sprague, John Stanley and some special guests including Treasurer Jim Chalmers!
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Treasurer Jim Chalmers was fresh off announcing this year's budget when he joined Deborah Knight on Money News to discuss all of the key details from tonight's budget announcement!
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Shadow Treasurer Angus Taylor speaks on the Federal Budget after the announcement tonight.
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Hear from 3AW's Tom Elliott, 6PR's Julie-anne Sprague and 2GB's John Stanley straight after Treasurer Jim Chalmers handed down the 2024 Federal Budget.
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Listen back to the full speech from Treasurer Jim Chalmers as he delivers the 2024 Federal Budget.
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BHP has upped its offer for Anglo American as its lust for copper resources continues, while Treasurer Jim Chalmers will rise for the Budget speech tonight.
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Inflation surprise coming as the government outlines more of its Budget agenda; international flight prices drop on capacity & competition surge; ANZ pushes for different AusPost deal; supermarkets face Queesnland inquiry; spending changes as cost of living challenges bite; financial abuse crackdown; and Adam Dawes joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Australians are changing the way they spend & save their money as the cost of living challenges continue to bite.
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With Fletcher Building seeing a softening in sales and its share price plummeting, is the construction sector something to avoid on the market right now?
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Chalmernomics has emerged, and the economic strategies of the Treasurer might be more tinkering than long-term reform.
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Inflation could come back to range by the end of 2024 if the Budget gets its prediction right, while the ASX 200 finished the day up just a single point.
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In this special edition of Money News, 6PR Afternoons host Julie-anne Sprague takes West Australian listeners through the details and data that matters after the WA government delivered a operating surplus of $3.2 billion.
Julie-anne is joined by Knight Financial Advisors Head of Financial Advice, Jason Featherby, and AFR WA political correspondent Tom Rabe.
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Stronger data out of China could suggest a change in the future outlook, as the ASX rallied before the weekend.
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The government commits to an increase in gas production until at least 2050 despite fears from climate groups; passports set to cost $400; Commbank profits $2.4billion in the March quarter; a company looking to cut waste from the NDIS & aged care; Air Vanuatu cancels flights to Australia; Bonza planes leave our shores; Japan with 9 million free homes; and Tony Sycamore joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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A new venture, Kismet, is looking to streamline the NDIS and tackle waste in the system, with aged care also in the sights of the company.
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The ASX 200 property sector hit a fresh two year high, but will it keep improving on the potential of rate cuts later in the year?
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The Albanese government has committed to gas being an important part of the energy mix, despite protests from climate-focused groups.
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The government will use the gas industry to lower consumption costs, keep trade high, and transition to net zero, making a commitment until 2050.
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The government prepares for tax reform in the Budget; tradie training for construction to get a $90m boost; half a billion to be found for resource data & mapping; GST division debate ramps up; KKR to takeover Perpetual; Qantas gets 90% of flights on time; eye-watering prices for food at the Miami GP; earned wage access bridges the gap on pay; and Carl Capolingua joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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With cost of living challenges only increasing, should workers be able to access their money as they earn it, rather than waiting for the pay cycle to catch up?
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After more than 130 years in operation, financial heavyweight Perpetual will be broken up in a $2.2b deal with private equity firm KKR.
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Australia’s GST carve up is always hotly debated, but with payments set to increase in July, is the system fair?
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Ahead of the Budget, we learned that tax reform, tradies and resource mapping will be in the sights of the government over the next financial year.
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One of Australia's oldest financial services companies will be broken up after a $2.2 billion deal for Perpetual by KKR was agreed to.
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The Reserve Bank leaves rates on hold, and won’t rule anything in or out; Victoria set for years of debt; ANZ the last of the banks to report; AGL increases its guidance; Senate Committee lines up the supermarkets; SMEs needing to embrace tech; Richard Pratt makes a Met Gala splash; and Evan Lucas joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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The supermarkets are set for a shakeup with a raft of recommendations delivered by the Senate, but will it help primary producers at all?
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The ASX soared after interest rates were kept on hold, but can the momentum drive the bourse to new records?
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The Reserve Bank has left rates on hold despite temptations to hike again, while all eyes will turn to what the Treasurer does in the Budget.
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The Reserve Bank has left interest rates on hold at its latest meeting, but wouldn't rule anything in and out for the future...
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Qantas to pay $100m civil penalty, and $20m in remediation over “ghost flights”; the Treasurer gears up for a budget fight; students debts to be helped in the budget; the ATO cracks down ahead of the budget; scam losses are declining, but the war isn’t won; Warren Buffett sitting on piles of cash; and Elio D’Amato joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Scam losses are declining, but there’s still work to do especially when it comes to investment scams.
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Markets love certainty, and with another problem for Qantas now sorted, can the airline begin to soar again?
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Should HECS debts be pegged to the CPI or WPI, or does a different system need to be in place?
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The Federal government will retrospectively change HECS debts, spending $3 billion on the program in the Budget.
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Qantas will pay $120m in penalties and remediation after settling with the ACCC over a lawsuit focused on its "ghost flight" practices.
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The US Fed keeps rates on hold and pours cold water on rate hike talk; NAB posts its first half results; the $1370 pair of undies; the restaurant industry facing new challenges post-pandemic; Kyle & Jackie O shake up Melbourne radio; and Henry Jennings joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producers: Declan Helmore & Francis Fuller
Publisher: Nine Radio
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In another week of turbulence for the media industry saw Seven lose another exec, and Kyle & Jackie O launch in Melbourne.
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In the internet age, TinyBeans is aiming to straddle the line between family sharing and safety.
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The FOMC kept US interest rates on hold, with comments from Jerome Powell reassuring markets that rate hikes were not on the way.
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The restaurant industry has fought some battles over the last few years, but does a high-rate arena present different problems?
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Markets lifted after Jerome Powell ruled out rate hikes in the future for the US.
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The opposition put superannuation front and centre of their plans to help first home buyers; the best companies to work at announced; Joe Biden limits Russian uranium imports; transition to retirement helped by work; and Kate Hanrahan joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producers: Declan Helmore & Francis Fuller
Publisher: Nine Radio
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As Australians live longer and have more time in their retirement, the solution could be a transition from work.
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A move from the Biden administration to limit Russian uranium imports could be a win for Australian producers
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The Coalition has floated the idea for first home buyers to tap into all their existing super, but will it work?
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The Australian share market shed more than 1.2% after a bad lead from Wall Street, but investors will be watching the words of Jerome Powell than his actions following a FOMC meeting tonight.
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Bonza goes into voluntary administration after fleet is repossessed; jobs on the line from AI; retail figures slump; Commonwealth pushes out rate cut predictions; the government invests in quantum computing; gyms bulk up following the pandemic; mid-market businesses optimistic on the future; and another positive day for the ASX in the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Mid-market businesses are optimistic about the future, but are pushing for tax reform in the upcoming budget.
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Gyms are continuing to be big business as Australians make health an area of importance coming out of the pandemic.
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Australia has lost yet another airline, with low-cost operation Bonza placed into voluntary administration following the repossession of its fleet.
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Low-cost airline Bonza has entered voluntary administration after its fleet of planes were repossessed, leaving travellers stranded.
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Are the interest rate goal posts shifting?; BHP’s next move in the battle for Anglo American; Google ramps up perks for its workers; TPG & Optus strike network sharing deal; Australians struggle with credit card debt; and Scott Phillips joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Australians are struggling with credit card debt, and are still having huge amounts to pay back at the end of each month.
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The Australian dollar was sinking to lows not long ago, but is rebounding on the back of interest rate speculation.
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BHP’s $60 billion splash for Anglo-American was swiftly rejected, but what does The Big Australian have to do to get the deal done?
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Anglo American shareholders will push for a better price on a deal that would see BHP takeover and put themselves at the top of the pack for global copper production.
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BHP amasses a $56 billion takeover bid for Anglo American; positioning investment in a world of challenges; Vietnamese energy the next frontier for Australian trade; how to get cheaper financial advice; building your own business with the right mindset; and the Australian share market is closed for Anzac Day.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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All of us could have a million dollar idea inside us, but are our mindsets when it comes to business practices holding us back?
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Changes following the royal commission saw the financial services industry get the clean out it needed, but has it made the costs of getting financial advice too exorbitant?
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Australia has been diversifying its trading channels in recent years, and Vietnam looks like a beacon when it comes to the energy transition.
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While the inflation problem is simmering, there’s still anxiety in global markets from geopolitical tensions, so how do we invest?
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Sticky inflation puts rate cuts at risk; in-person job interviews becoming a thing of the past; Tesla plans for cheaper vehicles; Woodside rejects climate plan at AGM; fundraising in focus ahead of Anzac Day; Australians plan for a four-day weekend; and Carl Capolingua joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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With Anzac Day falling on a Thursday, the number of Australians chucking a sickie on Friday is expected to skyrocket.
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Woodside’s AGM was filled with fireworks, but has the trajectory of the company changed at all?
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Anzac Day is about helping your mates, and Australians continue to dig into their pockets for fundraising despite cost of living challenges.
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Australia’s quarterly inflation rose from 0.6% to 1%, and while the headline number is dropping, sticky services could push back rate cut chances.
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The March quarterly inflation reading came in hotter than expected, and could potentially push back any rate cuts from the RBA into 2025
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Crossbench senators propose negative gearing & CGT changes; flight arrivals get back on time; electric vehicle sales to make up 20% of total market; copper prices surge; inflation reading awaits; small businesses weather the storm; retail theft & fraud committed by up to 3 million Australians; and Evan Lucas joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Up to 3 million Australians could have committed retail theft or fraud, as cost of living challenges catches up with household budgets.
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The downwards business cycle has left a lot of SMEs struggling, but can we expect a rebound in the second half of the year?
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Copper prices are surging, so which local companies can take advantage of the high prices?
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Two Senate crossbenchers are urging the government to take up changes to negative gearing and CGT to boost housing & the budget.
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The Australian share market rose another half a percent, continuing to gain back some of the momentum that was lost last week.
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Jim Chalmers pessimistic on economic conditions; the states keep fighting over GST allocations; South Australia the strongest performing economy; Chinese banks leave rates on hold; geopolitical tensions threaten markets; Australians happy in retirement, but wanting flexibility; bubble tea billionaires; Qantas to add Wi-Fi on international flights; and Elio D’Amato joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Australians are generally happy in their retirements, but the way they deal with their cash & investments is changing – and it’s all about flexibility now.
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Geopolitical tensions will alter markets through the year, but should investors be worried?
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The national fight over GST might be the best State of Origin Battle, but which economy is performing when you stack the states together?
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After a poor last week, the Australian share market rebounded by more than 1% as war tensions cool.
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Australia’s unemployment rate rises to 3.8%; one supermarket turns back to checkouts to stop theft; BHP flags issues with coal production over the quarter; Seven’s CEO departs earlier than expected; superyacht sales faltering; and Kyle Rodda joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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The Bruce Lehrmann defamation case brought down just about every person it touched, so who is the biggest loser after it all?
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Quarterly updates for both Santos & BHP were weaker, but is there room to grow in the future?
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Australia’s unemployment rate has climbed to 3.8%, easing steadily and slowly as the economy weakens.
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The unemployment rate climbed to 3.8% across the month of March, back in line with forecasts.
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Bank of Queensland continues the recovery mission; ANZ removes cheque books from its operations; Jerome Powell in no rush to cut rates; business insolvencies hit record monthly highs; is home ownership the key to a comfortable retirement?; Barbie gets her own ketchup; and Tony Sycamore joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Australians can retire more comfortably with their own home ownership, so should it be a priority?
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Business insolvencies have hit record highs, with worse to come according to the CreditorWatch Business Risk Index.
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Markets have been spooked by the threat of war, but an Australian drone defence company has been cashing in with NATO.
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Bank of Queensland has a big job to do to turn around its fortunes, and a drop in first half profit won’t help.
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The market has slipped once again, but a move by Hancock Prospecting for a stake in Lynas Rare Earths has put the spotlight on the critical minerals space.
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The supermarkets face the music in Canberra; the local share market takes a dive on US rate cut chances; AI could add $200b to the economy; Bitcoin prepares for its four-yearly shake up; male grooming helps an Aussie small business to a top award; and Henry Jennings joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Male grooming is expected to be a big area for growth in the next decade, and one Aussie small business has latched on with its hair removal services.
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As Bitcoin prepares for a reset known as “The Halving”, investors are bullish about the future prospects of the digital asset.
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New research says that should Australia embrace AI technologies, the economy could be boosted by $200b and 150,000 jobs in the next decade.
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A hotter than expected retail sales figure in the United States sent global markets backwards, and tanked the ASX.
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The supermarkets were facing the music once again, appearing at a Senate inquiry into pricing in Canberra.
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Larger than expected retails sales in the United States have pushed rate cut chances back even further, sending global markets into a spiral
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Full scale war in the Middle East could present issues for the global oil price, and the inflation battle; Japanese investors pony up in Australia; iPhone sales slide; Star Entertainment faces the music – again; the rising property hotspots; Bitcoin to undertake its halving this week; and Adam Dawes joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Property is our national game, but how can you identify which areas of the country are about to take off in prices?
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Star Entertainment hasn't been able to catch a break in recent times, but will another public inquiry into its Sydney operations hurt the company even more?
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The threat of war escalating in the Middle East could see the oil price rising, with Iran producing over 3 million barrels a day of crude oil.
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With Iran firing missiles at Israel there are concerns there could be shocks to the oil price.
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Anthony Albanese launches plans for government spending in manufacturing; US inflation shock puts rate cuts on hold; Australia’s rental market still in a squeeze; petrol prices shifts monthly household spending upwards; Chinese EVs stockpile in Europe; track and field gold medallists to get $50,000; and Scott Phillips joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Petrol price rises helped to lift monthly spending according to CommBank’s Household Spending Insights report for the month of March.
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An unexpected result on US inflation sent markets crashing, but will a strong resources sector help local investors hedge its bets?
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While we expected 2024 to be the year inflation got back to target, a sticky challenge in the United States means The Fed could hold off on cutting rates for much much longer.
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Australia’s rent crisis has bled into our inflation problem, while vacancy rates have plummeted. But will the trend start to reverse any time soon?
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Hotter than expected CPI out of the US shows that the global fight with inflation is not over yet, and rate cuts could be even further away, which sent global markets crashing.
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New home builds are in trouble; the government moves to change merger powers for the ACCC; Qantas gets immediate success on its FF changes; school holiday costs ballooning; RBNZ keeps rates on hold; Alinta boss says energy will get more expensive; Ola pulls out of rideshares in Australia; and Carl Capolingua joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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School holiday costs are climbing with $275 million a day being spent on activities for children.
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The gold price keeps climbing to record heights, but what does that mean for local producers?
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The new merger laws could see investment flood out of the country if getting deals done becomes a whole lot harder.
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New reforms to merger & acquisition laws could see more powers handed to the ACCC, but could it increase the costs for businesses?
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The ASX gained for the third day in a row, as the government laid out plans to hand more power to the competition watchdog.
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Australians are retiring later than ever before; consumer sentiment numbers not showing any signs of getting any better; Guzman Y Gomez reveals its future plans; plans to lower insurance premiums; small business demographics changing; and Evan Lucas joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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As Australians grapple with rising insurance costs, could efforts by households to protect themselves see premium prices drop?
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Elders is blaming the poor forecasting from the BoM for its downgrade to earnings, but is there more to the story?
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Consumers are still very pessimistic about the economy, despite tax cuts and rate cuts both looming on the horizon.
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Consumers are keeping their wallets firmly shuts, with confidence in the economy still at ultra-pessimistic levels.
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Qantas tries to win back customers with an updated frequent flyer program; property prices still flying; changes coming for supermarkets; big business sells their importance as profits soar; student debts in the spotlight as indexation bites; and Elio D’Amato joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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As those with student debts prepare to cop another hit to their accounts, is there another way that we can look at charging?
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Pressure has been put on big business over profits, but the impact of employment and tax paid could be outweighing the negatives.
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Guidance updates have pushed back the stock price of both Elders & Beach Energy. Could this be a trend heading forward?
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Qantas has made changes to its Frequent Flyer program, but will it get customers back on board and flying regularly?
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The ASX finished the day higher, while Qantas targets Frequent Flyers to get the national carrier back on track.
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Household spending rising despite people cutting back on the non-essentials; Linfox committed to providing cash through Armaguard; building approvals in a tough spot; electric vehicle sales might not reflect the market; coffee prices shoot through the roof; a rethink on where chequebook journalism leads; and Jessica Amir joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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The Bruce Lehrmann defamation case has damaged the reputation of newsrooms, and put into spotlight the role of cheque book journalism.
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Electric vehicle sales might have dropped off for Tesla over the last year, but it doesn’t mean it won’t rebound.
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Anthony Albanese will once again focus on providing support for small businesses in the budget, but will that be enough to keep heads above water?
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Transportation costs are making it hard for households, according to numbers from the ABS, while the Australia share market recovered some of its losses.
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Taylor Swift becomes the first musician to become a billionaire from their music; The ASX200 takes a tumble in a rough day for the markets; House prices in Australia have increased a whopping 40% in just 4 years; Gold prices continue to reach new heights; Commonwealth Bank invests in cracking down on domestic violence and how the bank of mum and dad can provide for the young ones, without giving away your retirement.
Host: Deborah Knight
Executive Producer: Tom Storey
Associate Producer: Charlie Meller
Technical Producer: Declan Helmore
Publisher: Nine Radio
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The bank of Mum and Dad is the 9th biggest bank in Australia, so how can you
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Commonwealth Bank is investing in cracking down on domestic violence.
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A big drop in the ASX200, but gold prices keep going through the roof, and how does the earthquake in Taiwan affect the markets?
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PropTrack has released it’s latest market insights showing that house prices have increased almost 40% in the last 4 years.
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Iron prices hit rock bottom, while gold prices continue to soar; Mesoblast launches it’s comeback; Austal turns down a billion dollar deal from South Korea; How one company is turning our waste into energy; Medical cannabis is one of the fastest growing industries in Australia; and Henry Jennings joins us for the Market Wrap.
Host: Deb Knight
Executive Producer: Tom Storey
Associate Producer: Charlie Meller
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Medical cannabis is one of the fastest growing industries in Australia.
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Cyclion has signed a deal with the Philippines government to generate power using waste.
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Austal stocks boom after a billion dollar deal, Mesoblast is coming back, the RBA didn’t consider a rate rise at last month’s board meeting.
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Iron ore is at a 10 month low meanwhile gold is trading at an all time high.
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Business takes a break for the Easter long weekend, but also do their best to prank us on April Fools Day; how to go about building a Youtube business; US inflation cooling further, but no rush on rates; Australia’s property market gets a little more expensive; Bickford’s celebrates its 150th anniversary; and we get across movements in gold & iron markets in the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Associate Producer: Hannah McGrory
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Iconic cordial brand Bickford’s is celebrating 150 years of refreshing the nation – but what trends do they have to keep up with?
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The Australian property market is even harder to crack, with CoreLogic figures showing another lift across capital cities in March. So how can we sort out our plans for property?
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How easy is it to build your own Youtube brand and run it as a business? It’s what Sorted Food has done, and the team’s chef has just sampled some of our nation’s best produce on a trip to Australia.
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- ASX200: up 0.99%, 7,896 (Thursday)
- AUD: 65.27 US cents
- GOLD: $2,281 US/oz
- BITCOIN: $106,854 AUD
- Gold price surges to new records
- Iron ore falls again
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Tariffs on Australian wine lifted by China; the Albanese government commits $1 billion to solar panel manufacturing; banking figures show we’re stockpiling cash; Armaguard fails to reach a deal; retail spending given a boost by the Swifties; used car market booming; the push for financial literacy on the national curriculum; and Kyle Rodda joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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The push is on for the Federal government to include financial literacy as part of the national education curriculum.
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The used car market was a tough space during the pandemic, but with more listings online it’s opened up opportunities for buyers and sellers online.
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Boosts to commodity prices sent the market soaring to its highest ever close, but can this be sustained?
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The Australian government will commit $1 billion to making solar panels on the site of the closed Liddell power station.
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Chinese tariffs on Australian wine to be lifted.
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The ASX 200 has once again closed at a record high, following the lead of Wall Street, as energy & retail stories also dominated the day.
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Inflation steady at 3.4% and better than market expectations; another musical festival shuts down; energy retailers on notice from ACCC; fears of a gas shortfall; Westpac to alter technology system; Donald Trump’s media company hits the NASDAQ; shipping costs hit another snag with Baltimore tragedy; and Carl Capolingua joins us for the Market Wrap.
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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The tragic collapse of a bridge near Baltimore has hurt a very important shipping lane, so will global prices spike?
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Westpac will simplify its technology structure across its brands, making a pledge to catch up on the underinvestment in the area.
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Australia’s inflation challenge just got a whole lot easier, with headline inflation beating market expectations to come in at 3.4% for the 12 months to February.
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Headline inflation remained flat, but beat market expectations, rising at 3.4% in the 12 months to February.
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Qantas hits more turbulence with the High Court knocking back an appeal; stamp duty & oil prices fire up listeners; banks play around with rates; more women looking to get into property investment; Australians reveal their most & least trusted professions; and Rick Squire takes a look at the commodity markets with us in the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Michael Robertson
Publisher: Nine Radio
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Australia’s most & least trusted jobs have been revealed, but do ethics ever play a role in career choice?
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As we transition to a renewable energy future, Australians lithium and rare earth element supplies will play a vital role.
MARKET WRAP:
- ASX200: up 0.74%, 7,153
- AUD: 64.14 US cents
- GOLD: $1,934 US/oz
-
BITCOIN: $40,456 AUD
-
Xero lost just under 2% to fall below $120 a share
- NEXTDC slipped more than 2% to $12.72
- Lithium miner IGO fell 7% to $13.17
- Brambles down just under 3 per cent to $14.77
- Medibank Private down more than 3 per cent to $3.48.
- Qantas shares closing near their 11 month low of $5.57
- Energy companies were helped by a 1.8 per cent increase in Brent crude oil prices overnight.
- Heavyweights Woodside and Santos advanced
- Yancoal up 1.6% to $4.90
- Whitehaven up 1/2 per cent to $6.16
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While Queensland investors abandon the property market due to state regulations, a new breed of financial experts could take over.
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Qantas continues to run into turbulence, with the High Court rejecting its appeal over the sacking of 1700 workers during the pandemic era. So where to shift the blame now?
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Qantas loses its appeal in the High Court against sacked workers, while the ASX follows Wall Street to lose ground again.
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Consumer confidence continues to drop, despite recent interest rate pauses; proposals for property added to the mix; burrito kings look towards the ASX; lithium once again the flavour of the week; property investors leave the market as state regulations start to kick in; and Evan Lucas joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Michael Robertson
Publisher: Nine Radio
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Property investors are leaving the market, spelling bad news for tenants, as state regulations start to take hold.
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Consumer confidence continues to plummet, despite a halt in interest rate rises, with inflation fears continuing to worry.
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Lithium continues to be the speculative stock of choice, with Gina Rinehart’s Hancock Prospecting getting in on the action.
MARKET WRAP:
- ASX200: up 0.20%, 7,206
- AUD: 64.34 US cents
- GOLD: $1,942 US/oz
-
BITCOIN: $40,097 AUD
-
Viva Energy down 7.3 per cent as Swiss-based Vitol considers selling its stake
- Shares in Air New Zealand reversed losses to end 0.7 per cent higher to 70 cents.
- Oil and gas company Santos fell 1 per cent, as did Woodside
- Beach Energy lost 3 per cent to $1.59
- Shares in mining heavyweights extended early gains after iron ore futures climbed a six-month high.
- Rio Tinto rose 1.8% to $114.44
- BHP up 1.3% to $44.25
- Fortescue up just under 2% to close just below $20.00
- Gina Rinehart has plunged half a billion dollars into lithium miner Liontown Resources, with Hancock Prospecting now having a critical 7.72 per cent stake in the lithium prospector.
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The ASX 200 continued its fight back, despite consumer confidence being at its worst point in 30 years.
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The government shakes hands with the Greens on the Housing Australia Future Fund; incoming Productivity Commission boss looks at the super accounts of retirees; AI technology not quite up to scratch at stock-picking yet; remembering the market implications of September 11 attacks; and Elio D’Amato joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Michael Robertson
Publisher: Nine Radio
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Proposed changes to taxation for retirees are amongst the changes the new Productivity Commission head has floated.
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It’s looking like calmer seas on interest rates in the year ahead, but which stocks will benefit from the change in tide?
MARKET WRAP:
- ASX200: up 0.50%, 7,192
- AUD: 64.33 US cents
- GOLD: $1,949 US/oz
-
BITCOIN: $40,076 AUD
-
Gains in the price of iron ore helped materials stocks higher.
- BHP rose 1.1 per cent to $43.66
- Rio Tinto gained 1.1 per cent to $112.40
- Fortescue Metals jumped 1.2 per cent to $19.63
- Commonwealth Bank rose 1.2 per cent to $102.04
- ANZ 1.4 per cent to $25.28
- NAB 1.4 per cent to $29.05
- Westpac gained 1.8 per cent to $21.55
- WiseTech down 1.2 per cent
- Xero down 2.4 per cent
- Syrah Resources has jumped 7 per cent to 61¢
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The AI revolution is coming, but how does the advanced technology stack up when it comes to picking stocks?
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The government has secured a deal with the Greens to pass its HAFF legislation, but who will build the houses?
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The ASX 200 climbs into positive territory again, as the government brokers a deal with the Greens that will see extra housing construction in the works.
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Despite interest rates being on hold for another month, we heard today that the rise of mortgagee in possession and receiver sales continue to soar in commercial real estate…Peter Vines from Ray White Commercial Western Sydney explains why the landscape is very different to residential.
There’s a long-held belief that only young people stream. Everyone owns a computer and a phone these days regardless of age and Ben Willee from Spinach Advertising explains how advertisers reach their audience as people moves away from traditional media
They say technology has made the wealth-building power of the stock market more accessible than ever and you can now get started with just a few cents…Alec Renehen, author of Don’t Stress Just Invest explains how beginners can jump in.
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Scott and Ben discuss advertising spending in the last quarter.
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The rise of mortgagee in possession and receiver sales continues to soar in commercial real estate
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- Warren Hogan from EQ Economics & Chief Economic Advisor to Judo Bank breaks down today’s GDP results and tells Scott that the economy is slowing down and Aussies are living paycheck to paycheck.
- It’s Free Wills Week and Adam Lubovsky from Safewill tells us that 10 million Aussies don’t have a will!
- An Australian company called Sprintex has moved into the global hydrogen aviation market which includes commercial aircraft, air taxis and drone deliveries.
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10 Million Aussies don’t have a will.
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How Zero-Emission Commercial Flights Could Become Reality By 2025.
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MARKET WRAP:
- ASX200: down 57 points to 7257
- AUD: 63.84
- GOLD: 3023.39
- BITCOIN: 40,254
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Scott and Warren discuss GDP results.
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Plenty of feedback to the news that Qantas CEO Alan Joyce was stepping down two months early. The other big story today was Phillip Lowe leaving the RBA after his final rate decision which saw rates stay on hold. Economist Shane Oliver from AMP Capital gives Scott his thoughts on both departures.
Scott also found out about a tech start up called Weebit Nano which launches on the ASX this month and new research finds around half of Aussies have no confidence in the RBA
Presenter: Scott Haywood
Executive Producer: Kayley Harris
Technical Producer: Michael Robertson
Publisher: Nine Radio
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Nearly half of Aussies are not confident in the RBA.
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- ASX200: The S&P/ASX200 closed down just 4.50 points Tuesday to 7,314.30.
- AUD: 0.64 US Cents
- GOLD: $3004.68
- BITCOIN: $40,343
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Innovative technology business, Weebit, is set to revolutionise low power and extended memory storage.
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Scott and Shane discuss the RBA's decision to keep interest rates on hold.
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The much awaited IR reforms announced today in Parliament haven’t received universal support with Jessica Tinsley from the Australian Chamber of Commerce and Industry told Scott Haywood the reforms are a win for the unions. CoreLogic’s national Home Value Index marked a sixth consecutive monthly rise, with only 1 capital city recording a slow down and an exploration business is in the early-stages of developing renewable energy opportunities.
Presenter: Scott Haywood
Executive Producer: Kayley Harris
Technical Producer: Michael Robertson
Publisher: Nine Radio
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Botala has announced a commercial pilot production programme of its coal bed methane (CBM) Project in Botswana.
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Join Scott and Tim as they discuss CoreLogic's Home Value Index for August and outlook for Spring.
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MARKET WRAP:
- ASX200: up 0.63%, 7,159
- AUD: 64.07 US cents
- GOLD: $1,941 US/oz
-
BITCOIN: $40,505 AUD
-
Consumer discretionary stocks extend gains
- Wesfarmers rallied 2.2 per cent
- Tabcorp added 5 per cent
- Aristocrat Leisure rose 1.4 per cent
- Fortescue Metals lost 5.1 per cent after reporting full-year results and a new CEO.
- Sharp losses by data centre player NextDC dragged the technology sector lower.
- NextDC declined 2.6 per cent.
- Appen plunged 32.1 per cent following a 24 per cent drop to revenue.
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The government looks to introduce new gig economy laws; ACCC to sue Qantas over flight cancellations; reporting season finishes with better than expected results across the period; Australians look to downsizing to help with the property crisis; Australia Post loses $200 million across the year; APRA to contact customers of failing super options; and Scott Phillips joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Michael Robertson
Publisher: Nine Radio
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While Australia’s housing crisis rolls on, older Australians are being encouraged to downsize to free up equity and take the hassle of a larger property off their hands.
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Reporting season has come to an end, so we look back on the big winners & losers across the period.
MARKET WRAP:
- ASX200: up 0.10%, 7,305
- AUD: 64.77 US cents
- GOLD: $1,971 US/oz
-
BITCOIN: $42,060 AUD
-
Despite the gains over the last week, the benchmark still ended August 1.4 percent lower.
- Harvey Norman reported a profit before tax of $776 million – down nearly 32 percent on last year’s numbers.
- Shares up 5% today.
- Major banks are all traded higher
- Woodside and Woollies went ex dividend today explaining their share price falls.
- Diversified miner IGO was the biggest large-cap advancer after the company posted positive results in its latest full-year report
- Telstra, TPG Telecom and Carsales all rose more than 1 per cent
- Chalice Mining down 5.3 per cent. To $3.57
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Small businesses will be put under increased cost pressures should the government’s proposed industrial relations changes pass through parliament.
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Harvey Norman typified the retail experience across earnings for FY23, with profit and revenue diving, while the ASX200 remained steady.
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Inflation drops again over the month down to 4.9%; the RBA tipped to stay steady on rates; Sydney house prices above where they were a year ago; US jobs numbers put pressure on The Fed; Flight Centre pushes for government to open up capacity; ASIC writes to the banks on mortgage stress; and Carl Capolingua joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Michael Robertson
Publisher: Nine Radio
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Flight Centre has turned itself around following a couple of bleak years, but the company will push for extra capacity as the government blocks a deal for Qatar Airways to land in Australia.
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Good inflation data sent the markets soaring higher, while US jobs numbers could see the Fed also pause on rates when it next meets.
MARKET WRAP:
- ASX200: up 1.21%, 7,297
- AUD: 64.56 US cents
- GOLD: $1,963 US/oz
-
BITCOIN: $42,540 AUD
-
Brambles closed up more than 7% to $15.22
- The miners were also stronger
- Fortescue up 4 per cent to $21.35
- Lynas Rare Earths up just under 2%
- Mineral Resources up 16% to $70.61
- Chalice Mining saw a 25 per cent crash in the company’s share price
- Shares closed at $3.76 well off its 52 week high of $8.20
- A couple of big names went ex-dividend today
- Eligible shareholders of Telstra will get 8.5 cents per share
- Wesfarmers will pay $1.03 in coming weeks
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The monthly inflation rate dropped more than expectations in July to 4.9%, suggesting that the Reserve Bank might pause when it meets on rates next month.
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A better than expected monthly inflation result has sent the market rocketing, with investors now expecting the RBA to put off any chance of a rate hike in September.
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Incoming RBA Governor lays out her plan on climate; disaster recovery growing as natural disasters occur; federal politicians get a pay rise; Queensland salaries growing the fastest; BNPL payments starting to turn earnings around; private Great Barrier Reef island on sale; and Evan Lucas joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Michael Robertson
Publisher: Nine Radio
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The Buy Now, Pay Later space isn’t quite at the forefront of the payments system just yet, but companies including Zip are looking ready to start growing their earnings.
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Bubs Australia has seen trouble at board level, and a slowdown from China, but will the appointment of a new CEO steer them in a better direction?
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Natural disasters are a part of Australian life, but someone has to do the rebuilding afterwards. Enter Johns Lyng Group, which has increased its profits to almost $63 million dollars over the last financial year.
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The way we pay was in focus today, with rising interest rates affecting the performance of several high profile payment companies. The ASX meanwhile continued its rally, finishing in the green again.
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The CEO of Fortescue steps down from the top job as the company’s earnings drop; Qantas in the firing line as Alan Joyce & the government defend the company; the Matildas give takeaway retailing a shot in the arm; shoppers turn to Kmart as Wesfarmers profits soar; China’s markets react to the first waves of stimulus; and Elio D’Amato joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Michael Robertson
Publisher: Nine Radio
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We might not be spending as much on retail, but when we do we’re spending it at cheaper outlets like Kmart, and that’s helped Wesfarmers to a monster profit over the last financial year.
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Four weeks into the earnings season and there have been some surprise results. We take a look at Fortescue & Qantas tonight.
MARKET WRAP:
- ASX200: up 0.63%, 7,159
- AUD: 64.07 US cents
- GOLD: $1,941 US/oz
-
BITCOIN: $40,505 AUD
-
Consumer discretionary stocks extend gains
- Wesfarmers rallied 2.2 per cent
- Tabcorp added 5 per cent
- Aristocrat Leisure rose 1.4 per cent
- Fortescue Metals lost 5.1 per cent after reporting full-year results and a new CEO.
- Sharp losses by data centre player NextDC dragged the technology sector lower.
- NextDC declined 2.6 per cent.
- Appen plunged 32.1 per cent following a 24 per cent drop to revenue.
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The CEO of Fortescue has stepped down after just six months in the top job, while the company’s earnings dropped to $US4.8 billion across FY23
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Fortescue suffered a drop in profit to $US4.8 billion over the last financial year, but making waves was the news its CEO of just six months Fiona Hick had resigned from the top job.
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In this bonus edition of the Market Wrap podcast, host Scott Haywood sits down with CEO of Wesfarmers Rob Scott as the company announces a net profit of $2.5 billion.
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The tourism industry is recovering, with Australians looking to get out of the house and into adventure experiences.
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Actors are on strike in the United States over sharing the revenue for online streaming, but will that force media companies towards more ad revenue?
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Nine Entertainment makes a $195 million profit over the last financial year; Treasurer Jim Chalmers hands down the IGR; Qantas breaks the pandemic blues to post huge profit; the tourism industry returns as Australians go adventuring; strike action in the US could lead to different revenue streams; and Tony Sycamore joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Michael Robertson
Publisher: Nine Radio
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Qantas has shaken off its pandemic blues to post a $2.5 billion underlying profit over the last financial year.
MARKET WRAP:
- ASX200: up 0.47%, 7,182
- AUD: 64.64 US cents
- GOLD: $1,949 US/oz
-
BITCOIN: $40,931 AUD
-
NEXTDC gained 4.4 per cent and Xero lifted 3.1 per cent on the back of strength in the Nasdaq.
- Gold and lithium miners were also stronger with Northern Star advancing 4.8 per cent
- Newcrest added 1.9 per cent.
- Lithium miners Pilbara Minerals up 2.2 per cent
- Liontown up 1.8 per cent
- All four big banks traded in the green.
- APA Group shed 3.7 per cent
- Meridian Energy lost 1.4 per cent
- AGL declined 1.8 per cent.
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A weakening period for ad revenue saw Nine Entertainment post a net profit of $195 million over the last financial year.
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Qantas has shaken off the blues of the Covid period, posting a profit of $2.5 billion over the last financial year.
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Woolworths announces a profit of $1.6 billion following a period of higher cost of living; the Productivity Commission asks for more; the government to review competition; WiseTech Global pushes logistics into the next echelon; Nvidia shares hit an all-time high; Commonwealth to back pay staff over tea breaks; and Kate Hanrahan joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Michael Robertson
Publisher: Nine Radio
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WiseTech Global has taken over the logistics space, posting a $212 million profit for the last financial year.
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APA shares went into a trading halt, with the company announcing a significant acquisition.
Market Wrap
- ASX200: up 0.38%, 7,148
- AUD: 64.29 US cents
- GOLD: $1,932 US/oz
-
BITCOIN: $40,486 AUD
-
IDP Education reported a 24 per cent jump in revenue to $982 million. Shares up 9% to $25.50
- Shares in online cosmetics retailer Adore Beauty jumped by 5 per cent to $1.05
- Domino’s Pizza shares climbed 11% to $53.70
- Global engineering group Worley up just under 1 per cent to $17.49
- Shares in energy company Santos plummeted to the lowest in one month, down 1 per cent.
- Pepper Money plunged 14 per cent.
- Westpac up 1.2 percent
- CBA 0.8 up percent
- ANZ rose 0.6 percent
- NAB added 0.4 percent
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Woolworths has posted an annual profit of $1.6 billion, but has rejected suggestions it has been profiteering in a time of cost of living challenges.
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Woolworths has reported a $1.6 billion profit in the wake of rising inflation on essential items, while the ASX lifted across the day.
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Aussie dollar downgraded by NAB; BHP’s profit slumps on falling commodity prices; Kogan looks to rebrand; a bumper day for the tech sector on the ASX; Woodside shakes off challenges to post a half-year profit; wage theft hits $850 million; and Henry Jennings joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Michael Robertson
Publisher: Nine Radio
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Facing challenges with strike action and an increase to the PRRT, Woodside posted a 6% increase in its half-year profit to $US1.74 billion.
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The tech sector shot up by more than 5% today as Megaport delivered its earnings.
MARKET WRAP:
-
- ASX200: up 0.09%, 7,121
- AUD: 64.41 US cents
- GOLD: $1,928 US/oz
- BITCOIN: $40,466 AUD
-
Megaport gaining 17 per cent after reporting
- Coles plunged 7.1 per cent after revealing its earnings missed expectations by about 9 per cent
- Woolworths falling 3 per cent
- BHP shed 0.7 per cent
- Woodside fell 1 per cent after slashing their dividends more than expected.
- Telstra shares had their best day in more than 16 months, closing 3.3 per cent higher at $4.10.
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BHP’s profit has sunk after lower iron ore, coking coal and copper prices over the last year. How will China’s economic woes impact the company moving forward?
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BHP's full-year profit fell following weaker commodity prices, while the Tech sector was enjoying a very positive day on the ASX.
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The government looks to the future in the intergenerational report; Ampol looks to diversify away from its core refinery production; AGL agrees to a deal with the Victorian government on coal power; higher health insurance premiums on the way; and Adam Dawes joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Michael Robertson
Publisher: Nine Radio
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Higher costs are expected to keep insurance premiums climbing, with NIB reporting its net profit had increased by 43%.
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Investors took to the news that Premier Investments would be looking at the structure of its business, with the share price soaring.
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Ampol will look towards its retail arm for growth as its refinery margins diminish.
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The government is planning for an ageing Australian population in its latest inter-generational report, and that could cost the country as much as $140 billion.
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Telstra posts a $2 billion profit as AI integration takes off; the Australian share market slides for another day; the Aussie dollar predicted to get below 60 US cents; the unemployment rate rises to 3.7% in July; distressed listings on the cards in next financial year for Domain; and Scott Phillips joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Michael Robertson
Publisher: Nine Radio
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With fixed-rate mortgages starting to change over to variable rates, that could prompt a raft of listings on websites like Domain over the next year.
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The official unemployment rate dropped to 3.7% in the month of July, signalling that interest rate rises might be doing their job.
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Origin is leading the way towards the green energy transition, but has that translated to a strong financial performance over the last year?
MARKET WRAP:
- ASX200: down 0.68%, 7,146
- AUD: 64.00 US cents
- GOLD: $1,925 US/oz
-
BITCOIN: $44,576 AUD
-
The ASX 200 dropped 0.7 per cent to a five-week low
- Eight of 11 sectors lost ground
- Telstra fell 2.8 per cent
- Domain dropped 7.8 percent
- Sonic fell 5.7 per cent
- Seven Group rose 2.6 per cent
- Inghams soared 15 per cent
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Telstra has posted another profit of more than $2 billion dollars, as AI integration starts to influence their business.
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As company results continue to pour in, a softer employment number has sent the signal that rate hikes are working. Will that make the RBA pause, and what does it mean for our currency?
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Despite global fears, Mum & Dad investors are looking to get back into the share market.
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Fletcher Building’s profits fall after a bad year for the construction sector; worries out of China; gas futures higher on Woodside worker standoff; opportunities in retirement living as the Australian population ages; Mum & Dad investors look to get back into the market; Tesla reduces prices on some models; and Carl Capolingua joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Michael Robertson
Publisher: Nine Radio
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As Australia’s population grows older & retires, that presents an opportunity for companies looking to invest in aged living.
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Worries about global economic conditions sent the market downwards today, with all eyes on what’s to come out of China.
MARKET WRAP:
- ASX200: down 1.50%, 7,195
- AUD: 64.74 US cents
- GOLD: $1,934 US/oz
-
BITCOIN: $45,058 AUD
-
The interest rate sensitive Australian tech sector was the worst performing, down 3 per cent.
- WiseTech Global was off 3.9 per cent
- Xero fell 2.6 per cent
- NEXTDC dropped 2.1 per cent
- Benchmark heavyweight Commonwealth Bank dropped 3.7 per cent
- Fletcher Building was the worst performing on the benchmark index, down 8.9 per cent.
- Landlord and fund manager Dexus dropped 3.5 per cent after swinging to a full-year statutory net loss of $752.7 million
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A fall in profit for Fletcher Building over the last financial year, but as interest rates hit their peak there is growing hope on what the next year might hold.
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Industrial action in the WA gas fields have world prices shooting higher once again, and a bad day on the ASX with every sector in the read.
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Healthcare companies take centre stage as Cochlear lifts its profit; wages remain steady putting back the chance of more rate rises; fewer people investing in cryptocurrency; warnings for SMEs over credit card use; China’s economic woes continue; and Evan Lucas joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Michael Robertson
Publisher: Nine Radio
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Wages remained steady for the June quarter, setting aside fears of a wage-price spiral, lowering the possibility of another cash rate hike.
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Share buybacks are in vogue, with NAB joining the Commonwealth Bank in setting out their plans.
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Medical device company Cochlear has avoided much of the impact of rising interest rates to post a $300 million profit over the last financial year.
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Wages slipped in the June quarter, meaning an RBA pause could be on the cards. Plus healthcare companies open their books for a check up in the middle of reporting season.
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Australians trading in, and trading up as Carsales profits speed up; ATO scratching their heads after TikTok fraud scam; small businesses knock back public holiday proposal; another day, another bank profit with Bendigo & Adelaide Bank reporting record earnings; insurance premiums hurting consumers; and Tom Mickenden joins us for the second week of Reporting Season in the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Michael Robertson
Publisher: Nine Radio
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Weak data out of China continues to hurt Australian mining companies; and the reporting season continues.
MARKET WRAP:
- ASX200: down 0.86%, 7,277
- AUD: 64.92 US cents
- GOLD: $1,947 US/oz
-
BITCOIN: $45,335 AUD
-
JB Hi-Fi shares up 2.75% to $48.51
- Lithium miner Pilbara Minerals was the biggest large-cap decliner, losing 3.3 per cent
- Allkem which lost 1.9 per cent
- BHP dropped 2.1 per cent to $44.75
- Rio Tinto tumbled 2.3 per cent to $106.52
- Fortescue Metals fell 1.8 per cent to $20.62
- The S&P 500 is up 16.3 per cent, the Nasdaq is up 30.4 per cent and the Dow is up 6.4 percent over the year
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Bendigo & Adelaide Bank has posted a record profit of $577 million on the back of rising interest rates.
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Carsales.com welcomed a flood of cars to the market as rates rose & supply chains eased, posting a 301% jump in profit across the financial year.
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Reporting season continues to deliver a load of surprises, with Carsales & JB Hi-Fi both fighting off rising interest rates to record better-than-expected numbers.
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Reporting season continues, with AGL and Boral taking the headlines; healthcare products still in household budgets despite cost of living troubles; US burger chain Wendy’s to open 200 stores in Australia; calls for a super profits tax on banks; the Women’s World Cup presents an opportunity for advertisers; and Tony Sycamore joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Michael Robertson
Publisher: Nine Radio
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The Women’s World Cup has been a runaway success, but will broadcasters and advertisers be able to capitalise on the momentum.
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Company reporting continues, with AGL’s & Boral’s earnings in the spotlight today, while the world awaits for another US inflation reading.
- ASX200: up 0.26%, 7,357
- AUD: 65.51 US cents
- GOLD: $1,952 US/oz
-
BITCOIN: $44,976 AUD
-
Woodside gained 1.9 per cent
- Santos was up 2.6 per cent
- Ampol added 1.2 per cent
- Yancoal and Whitehaven both jumped more than 4 pc
- Australia’s tech sector was the worst performing
- Xero fell 3.9 per cent
- Wisetech Global fell 0.9 per cent
- Lake Resources was the best performing on the benchmark, surging 27.2 per cent
- Boral jumped 8.5 per cent after reporting a 17.1 per cent rise in full-year revenue to $3.46 billion.
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Reporting season continues, but with an increased focus on our health out of the pandemic, will spending on healthcare products continue to drive company profits?
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Reporting season continued with a strong result for building supplier Boral, but eyes will be on Wall Street as the US receives its latest CPI figures overnight.
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Commonwealth Bank reports a $10.2 billion profit, as CEO Matt Comyn joins the show; Chinese consumer prices go backwards; petrol prices shoot up again; cybersecurity threats coming from China; robot army in a Melbourne warehouse; travellers hit by the dollar’s drop in purchasing power; and Kate Hanrahan joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Michael Robertson
Publisher: Nine Radio
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Companies are boosting their defences against the risk of cyber attacks, but what are they looking for, and where are the threats emanating from?
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A big day for financial reporting, with Suncorp also revealing a billion dollar profit following higher premiums and fewer natural disasters to contend with.
- ASX200: up 0.37%, 7,338
- AUD: 65.57 US cents
- GOLD: $1,963 US/oz
-
BITCOIN: $45,464 AUD
-
CBA shares lifted up 2 ½ % to $104.85.
- ANZ was up 0.7 per cent.
- Westpac up 1.6 per cent
- NAB was up 2.1 per cent to $28.64
- Funeral services firm InvoCare was the best performer of the day, gaining 5 per cent to $12.48 after its board agreed to its $1.8 billion takeover
- Lake Resources sliding 5.7 per cent to 16 cents
- Resmed lost 4.6 percent down nearly 20%
- Jewellery chain Lovisa finished 4.3 percent lower
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Commonwealth Bank has posted a record full year profit of $10.2 billion, benefiting from a rising interest rate environment.
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Commonwealth Bank has posted a profit of $10.2 billion over the last financial year, capitalising on a rising interest rate environment.
Featuring Commonwealth Bank CEO Matt Comyn talking to Money News host Scott Haywood
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Household spending declines; consumer sentiment remains at low levels; business sentiment defies the odds; FWC upholds sacked worker decision; Woodside gets Japanese investment; businesses push back against public holiday proposal; rental vacancies worsen again; and Henry Jennings joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Michael Robertson
Publisher: Nine Radio
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Rental vacancy rates were meant to start easing by now, but new data is showing that the squeeze could still be on.
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Building company James Hardie has recorded a strong set of full year results, despite a slowdown in the construction sector.
- ASX200: up 0.03%, 7,311
- AUD: 65.18 US cents
- GOLD: $1,963 US/oz
-
BITCOIN: $43,029 AUD
-
Building materials major James Hardie soared 15 per cent after their results announcement.
- Coronado Global fell 12 percent on their earnings
- Myer also slumped 14 per cent
- The decline in iron ore prices predicted to extend this year
- China’s exports fell for a third straight month in July amid a slump in global demand
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Business conditions declined slightly over the past month, but are still defying predictions by remaining in positive territory.
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Japanese investors have put hard feelings to the side, getting on board for a major Australian LNG project.
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RBA signals Australian economy to hit a soft landing; strategist thinks the country could be headed towards recession; wheat prices lift on Russian-Ukraine conflict; recruiters see more applications per job advertised; Westpac lifts property predictions; and Adam Dawes joins us as Reporting Season gets underway in the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Michael Robertson
Publisher: Nine Radio
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Reporting season gets underway, with both Block & Resmed disappointing with their results.
- ASX200: down 0.22%, 7,309
- AUD: 65.67 US cents
- GOLD: $1,969 US/oz
-
BITCOIN: $44,217 AUD
-
Pilbara finished higher by 3.8% to $5.18.
- Lithium Australia shares jumped 67% to $0.055
- But iron ore players dropped
- Fortescue Metals Group was down 1.6% to $21.05.
- James Hardie, CBA, AMP and AGL among those reporting this week
- US inflation mid-week is the key economic data
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The jobs market is expected to slow, with recruiters starting to see more applications per job advertised.
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Despite emerging from Covid lockdowns, China’s economy has failed to take off, with the country now at risk of deflation.
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International events are continuing to shift the goalposts for important commodities for Australia like wheat & iron ore.
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Wall Street sells off after credit rating downgrade; Aussie dollar continues to plummet; trade surplus steady on iron ore gains; retail spending collapses for the third quarter in a row; refinancing hits record levels; AI programs to start taking burger orders; and Scott Phillips joins us for an extended version of the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Michael Robertson
Publisher: Nine Radio
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Retail figures declined for the third quarter in a row, with bricks and mortar shops feeling the bite of a slowdown in spending.
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The Australian dollar has again fallen, but will changing conditions alter the outlook on our currency?
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A huge drop on Wall Street saw the Australian share market following, wiping off gains from earlier in the week.
Market Wrap
- ASX200: down 0.58%, 7,311
- AUD: 65.27 US cents
- GOLD: $1,972 US/oz
-
BITCOIN: $44,568 AUD
-
Information technology stocks were the worst performing,
- Xero and WiseTech fell 2.3 per cent and 1.4 per cent respectively.
- BHP was down 1.2 per cent
- Fortescue Metals Group down 1.3 per cent
- Rio Tinto down 1.7 per cent
- The big four banks all ended the day lower
- Westpac and ANZ are both down 0.4 per cent
- Commonwealth Bank has lost 1 per cent
- NAB has dropped 0.6 per cent
- Janus Henderson sank 4.7 percent
- Shares in Link shed 4 per cent after the company flagged a bottom-line loss of $418 million in its upcoming report.
- Downer fell 3.1 per cent after writing off almost $550 million ahead of its earnings next week.
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A ratings cut of the US economy has led to a day of risk aversion selling on Wall Street, with the after effects spreading to the ASX.
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Money News with Scott Haywood 2nd August
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With the Australian dollar heading to a five-month low, currency risk management will be something businesses need to have a strategy on.
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A downgrade of the US market saw opportunistic selling, while the Australian dollar dropped against major currencies.
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The government has put industrial relations changes on the table, bus business groups say that they're going to be 'anti-productivity'.
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After a strong few weeks, the ASX fell by 1.3% on Wednesday, while the RBA decision left currency traders in the lurch.
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The Reserve Bank has kept interest rates on hold for the second month in a row, so have they done enough to stave off inflation?
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The Reserve Bank leaves interest rates on hold at 4.1%; new home approvals fall to the weakest level in four years; government spending & GST changes under the microscope; the ATO uses AI tech to crackdown on tax avoidance; digital hubs emerging outside the main capital cities; and Evan Lucas joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Adam Buncher
Publisher: Nine Radio
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Tech stocks are having their moment in the sun, but will the good times roll on as interest rates start to hit their peak?
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The government has welcomed the rate pause, but there is pressure mounting for them to rein in spending and commit to tax reform.
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A decision by the Reserve Bank to leave interest rates on hold has those with a mortgage and those holding shares both having a good start to August.
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Markets & economists make their picks with the RBA set to meet on rates; cost of living the topic de jour in parliament; China looks towards stimulating its economy; some hope on the horizon for small businesses; beer sales down from giant brewer Heineken; stamp duty reform floated; and Elio D’Amato joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Goibniu Walton
Publisher: Nine Radio
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Small business might be bearing the brunt of increased interest rates, but signs are that they might be more resilient than first thought.
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Interest rates might be going up again tomorrow, but that might be good news for hundreds of thousands of Australians with savings in the bank.
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Oil prices continue to rise, but is the long term outlook more about what will happen in the renewable energy space?
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Market volumes were lower as investors await a huge decision from the Reserve Bank this week, with weakening economic data giving possibility to another pause.
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House prices continue to soar despite rate rises; the US Fed adds another 0.25% to its cash rate; NSW considers coal royalty increases; NAB data shows a struggle to pay bills; consider the supply side of inflation; will Twitter changes increase revenue?; what would it take to change your name?; and Tony Sycamore joins us for the Market Wrap.
Host: Warren Moore
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Twitter has rebranded itself to “X”, but will that do anything to generate extra revenue for the social media company?
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Whether or not there’s another rate rise on Tuesday from the Reserve Bank, have we been asking ourselves the wrong question all along?
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Another US rate rise in the books, but that hasn’t seemed to deter markets from thinking that we’re almost at the end of our inflation & interest rate woes.
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Despite another raft of rate rises this year, house prices continued to climb across Australian capital cities in the June quarter
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Another US rates lift wasn't enough to crush market sentiment, as locally tech & real estate stocks surged ahead for another 5-month high on the ASX
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Quarterly inflation comes in at 0.8%, with the signs pointing to not much more needed from the RBA; US interest rates decision overnight; Meta ordered to pay $20 million; aged care crisis could be solved with asset test; Australian innovation to rise like the phoenix; movement within ANZ & Commonwealth banks on jobs; and Kate Hanrahan joins us for the Market Wrap.
Host: Warren Moore
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Australian innovation has come a long way, but will artificial intelligence help propel entrepreneurs towards capital investment?
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Rio Tinto reported its half-year profits, taking a loss on lower commodity prices.
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With inflation on the way down, will that mean a pause on interest rates by the Reserve Bank? And should we be building a statue to Philip Lowe’s work to get the number down?
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Quarterly inflation drop to 0.8%, giving off signs that Australia is winning the fight with inflation. The market loved the news, climbing to its highest close in five months.
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Retailers struggle amidst an increased rate environment; good news out of China for our miners; tech companies in the US to open their books buoyed by AI; landlords sell up as costs grow; small businesses to gain exemptions from IR changes; and Henry Jennings joins us for the Market Wrap.
Host: Warren Moore
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Dan Andrews doesn’t think rent controls will result in landlords selling up, but do they actually work?
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US tech companies are currently showing their earnings, so what can we expect from Microsoft and others?
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A weakening outlook in the economy has caused pain for retailers, but how long will it last?
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As investors prepare for inflation data tomorrow, news of Chinese government assistance to the property sector helped Australian miners.
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Jim Chalmers appoints a new head of the Productivity Commission; the budget surplus tipped to head north of $20 billion; Tasmania leads the state in economic comparison; the ACCC delays its decision into the ANZ-Suncorp merger; new mining technology helps to protect workers; chocolate prices set to rise; and Ray David joins us for the Market Wrap.
Host: Warren Moore
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Chocolate prices are set to rise after production of cocoa & sugar has hit some speed bumps in recent months.
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As our miners prepare to report their earnings, one company is looking to ensure the safety of their workers.
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Iron ore and lithium companies both had weaker days, so how is the industry looking as we approach earnings season?
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Tasmania continues to lead the nation in its economic performance according to the CommSec State of the States report.
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A quiet day on the local bourse as investors wait for significant numbers out of the United States on interest rates & inflation figures in Australia.
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Australian unemployment remains resilient at 3.5%; more rate hikes on the cards; Telstra to cut almost 500 staff; Australians look to earned wage access to pay their bills; Oppenheimer & Barbie set to drag moviegoers back into cinemas; and Chris Brycki looks at ETFs with us in the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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The opening weekend of blockbuster movies Oppenheimer & Barbie are expected to bring in millions of dollars at cinemas.
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With Australians unable to pay their bills, more people are asking their bosses for earned wage access.
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The 2023 Stockspot ETF report reveals that bonds are back, and ‘vanilla’ investment is the flavour of choice.
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Australia’s employment remained strong in the month of June, with signs pointing now to another tough rates decision for the RBA in August.
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On a flat day for the ASX, traders were watching as the ABS delivered a lower-than-expected unemployment number. Could that mean further work for the RBA?
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The government beefs up cybersecurity as Australian businesses take on the challenge; inflation continues to come down in the UK, New Zealand & Canada; Rio Tinto doesn’t look like slowing down despite China warning; Qatar Airways knocked back from extra Australian flights; US election & recession fears set to change markets in coming year; and Carl Capolingua joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Inflation continues to slow around the world, but how will other risk factors, such as recession & the US election drive overseas markets heading forward?
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Rio Tinto looks on track to increase its production, with no signs that the Chinese slowdown is affecting business yet.
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The Australian government has appointed a new cybersecurity coordinator to lead national security efforts, but the fight against hackers has already begun.
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Concerns of a China slowdown aren't enough to stop the Rio Tinto juggernaut, as Canada, New Zealand and the UK all report lower inflation.
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The RBA minutes reveal saving jobs was the reason for the latest rate pause; supermarket prices predicted to ease through the next year; Fortescue affected by Russian hackers; grain prices caught up in the Russia-Ukraine conflict; and Enzo Salvatore joins us for the Market Wrap
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Food inflation is expected to drop over the next year, but weather & price issues could continue to fluctuate prices.
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The S&P 500 has quietly hit a 15-month high, with earnings signalled to be better than expected.
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The RBA Minutes have revealed the central bank was close to raising rates again, but was worried about a big rise in unemployment.
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The Reserve Bank wants to kill inflation, but not at the expense of your job, while a pandemic darling loses its protective layer.
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The Reserve Bank prepares for Michele Bullock to take the reins; banks compete on savings rates as customers look for value; artificial intelligence skills in demand; weak GDP results in China; taxpayers get a shock after the removal of the LMITO; ESSSuper the top performing super fund in 2022-23; and Elio D’Amato joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Tax payers are being surprised by the low refunds they’re getting from the ATO, after the withdrawal of the LMITO by the government.
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Another weak result for China – this time in their GDP numbers. This could spell bad news for Australian investors on the horizon.
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As rates have been rising so have conditions for savers, but not everyone is winning. Are we still saving for the Great Australian Dream or putting it off to live our lives instead?
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The Prime Minister & Treasurer have cut Philip Lowe loose, appointing Deputy Governor Michele Bullock to the top job starting in September.
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On a flat day for the market a couple of government & company decisions were coming home to roost.
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US CPI drops to 3%; the local share market soars on inflation news; government’s superannuation proposal called “flawed”; Commonwealth Bank & Westpac front parliament; businesses get retired workers back into the office; golf courses flagged to solve housing problems; and Tony Sycamore joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Development of golf courses has been flagged as a potential solution to the housing crisis.
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Employers are turning to retired workers to help plug the jobs shortage, using their experience & knowledge in the process.
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The government will look to push through its superannuation changes, charging those with accounts over $3m with extra tax. But is the plan flawed?
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US inflation data sent global markets into positive territory, so how will markets react as we approach the end of the rate cycle?
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A very positive US CPI figure sent equity markets around the world soaring, with inflation-sensitive sectors of the ASX leading the way.
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Treasurer Jim Chalmers to meet with Cabinet to decide the next RBA Governor; Philip Lowe confirms 2024 changes to the central bank; NAB & ANZ face a parliamentary hearing; we’re spending $600 less a year on online spending as budgets tighten; public servants win the right to work from home; Australians ditch NZ travel for Indonesia; and Kate Hanrahan joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Associate Producer: Giulio Di Giorgio
Technical Producer: Simon Owens
Publisher: Nine Radio
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Second-quarter earnings seasons in the US is upon us shortly, so will there be any positive news to glean from the results?
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Australians have slashed their online spending by $600 a year, as increased cost of living concerns continue to catch up with wallets.
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Changes are on the way for the Reserve Bank, but will Philip Lowe be around to implement them?
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Philip Lowe takes on inflation, the government & his own central bank all on the same day, as a decision looms on his tenure.
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The Australian share market rebounds from recent poor performance; consumer confidence lifts; business conditions improve; banks set to face parliament; iron ore prices waver on China’s inflation figure; and Henry Jennings joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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As China’s outlook sours, there’s a chance that iron prices could plunge unless stimulus is delivered to their property sector.
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The technology space has been a hot ticket in 2023, but will the good times last?
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Consumer confidence has risen again, but is it more false hope, or have recent inflation drops buoyed the spirit of the nation?
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Escape the winter blues with some warm and cuddly feeling from markets, business & consumers - but don't overdo the celebrating.
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China’s low inflation threatens Australian commodities; trade negotiations with the EU continue; rental pain remains at high levels; NFTs collapse in value; Bill Evans to step down from Westpac role; insurance premiums expected to keep rising; and Adam Dawes joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Prices in the rental market continue to run high, but steam may run out when renters simply cannot afford to keep up with the prices being asked.
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The China slowdown has big implications for our iron ore miners, as they hope for extra stimulus.
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Despite emerging from Covid lockdowns, China’s economy has failed to take off, with the country now at risk of deflation.
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While the rest of the world struggles with booming inflation, a stagnant Chinese economy could spill over into Australia markets, particularly for the miners.
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Our cities are buckling under the strain of their own weight, so how will they accommodate 2 billion additional people by the year 2050? Should shell out the cash to build exotic, futuristic smart cities, or can Artificial Intelligence help us with the myriad of problems we haven't solved in our present cities?
Featuring:
- Associate Professor Hank Hausler, Australian School of Architecture + Design (Built Environment) at the University of NSW
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Podcast Description
US fears about inflation sinks markets at home & abroad; Janet Yellen heads to China; Japan fires up over Aussie gas; childcare subsidies change for the new financial year; the trade surplus grows on the back of gold, gas & coal; tertiary education gets graduates higher starting pay; and Dianne Colledge joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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There’s been debate over who should pay for the costs of tertiary education, but the stats show that graduates are earning more money than other workers.
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The Australian stock market tumbled following news out of the United States on potential further rate rises in the coming months.
MARKET WRAP:
- ASX200: down 1.24%, 7,163
- AUD: 66.66 US cents
- GOLD: $1,923 US/oz
-
BITCOIN: $46,445 AUD
-
Mining stocks were among the worst performers, down 1.9 per cent.
- BHP Group shares dropped 2.3 per cent to be below $44,
- Fortescue Metals shed 1.7 per cent
- Mineral Resources fell 3.6 per cent to $70
- Aristocrat Leisure lost 2.1 per cent to $37.87
- Wesfarmers shares dropped 2.6 per cent
- Domino’s Pizza dropped 3.2 per cent to $45.69
- Lovisa declined 3.9 per cent to be back below $20 a share
- The major banks all fell into the red.
- Star Entertainment was the worst performer of the day, and its shares sank 8.7 per cent $1.04
- Magellan Financial Group shares tumbled 8.3 per cent to $8.92
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New subsidies by the government from July 1 will see more childcare costs covered, but the industry argues this will drive up demand.
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With one eye firmly fixed on global inflation, the markets hit the red ink hard today after less-than-positive news emerged from the US Federal Reserve.
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Economists warn the Reserve Bank not to go too far; Philip Lowe finds some friends; rates could shift despite no RBA action; Chinese economic conditions looking less than rosy; superannuation funds deal with a commercial property flatline; four-day work week trials continue; a new game to test your ASX trading skills; new car sales boom; and Carl Capolingua joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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The four-day work week is almost here, but will it provide as much disruption to the workplace as working from home did during Covid?
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A new game being run by the ASX allows potential traders to explore the world of options, without risking their own money.
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Superannuation funds are feeling the hit from the commercial property space. Is this a blip, or is the pain here to stay?
MARKET WRAP:
- ASX200: down 0.35%, 7,253
- AUD: 66.81 US cents
- GOLD: $1,934 US/oz
-
BITCOIN: $46,099 AUD
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Shares in electricity and gas retailer AGL Energy closed up more than 2% and hit a 52-week high of $11.25
- Weaker was CSL: just under 1% to $274.19
- AMP lost 6.1 per cent after it warned of a potentially large legal bill in the face of a Victorian court ruling.
- Netwealth lost 3.8 per cent after one broker suggested some investors may prefer to put cash in term deposits over its platform.
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After years of lockdowns, small businesses are now being whacked with deteriorating economic conditions.
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The Australian share market retreats, but all eyes will be on China to see if a new head of its central bank means stimulus headed our way.
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The Reserve Bank holds the official cash rate at 4.10%; Indonesia looks towards Australian materials; China’s importing of Aussie goods slow to recover; caterers feel the pinch as costs rise; spending on our pets still continues despite higher repayments; and Evan Lucas joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Caterers suffered during the worst of Covid-19, but now its the rising costs of business that are making margins within the industry even smaller.
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Fruit & veg titans Costa have received a takeover proposal, but could there be a bidding war around the sale?
MARKET WRAP:
- ASX200: up 0.45%, 7,279
- AUD: 66.83 US cents
- GOLD: $1,935 US/oz
-
BITCOIN: $46,388 AUD
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Six out of the 11 industry sectors were in the green
- The energy sector rose 1.2 per cent.
- Woodside Energy shares rallied 1.4 percent
- Whitehaven Coal climbed 2.4 percent
- Karoon increased 2 percent
- Yancoal added 1.7 per cent
- Commonwealth Bank shares rallied 1.3 per cent
- Westpac rose 1.2 per cent
- National Australia Bank increased 1.3 per cent
- ANZ jumped 1.2 per cent
- Mirvac Group shares increased 2.2 per cent
- Lendlease rose 1.8 per cent
- Stockland up 1.1 percent
- Goodman advanced 0.7 percent
- Costa shares rallied 12.1 per cent after it received a takeover proposal
- Rio was down 1% to $114.29
- Fortescue giving up its early gains to close at $22.07
- BHP also down a touch but still closed above $45.
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The Reserve Bank has kept interest rates on hold in a somewhat surprising move, but that might not be all to come.
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A surprise interest rate hold by the Reserve Bank saw mortgages holders rejoice and markets jump, but it ain't over until it's over...
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The new financial year has begun, with the Australian share market lifting by almost 10% across 2022-23.
MARKET WRAP:
- ASX200: up 0.59%, 7,246
- AUD: 66.47 US cents
- GOLD: $1,921 US/oz
-
BITCOIN: $46,020 AUD
-
Consumer discretionary led the ASX higher, climbing 1.4 percent
- Super Retail closed up 3.4 per cent to $11.82
- JB Hi-Fi added 2.5 per cent
- Eagers Automotive gained 2.5 per cent as it upped its stake in BYD retail JV for $70 million.
- WiseTech tumbled 2.9 percent
- TechnologyOne shed 2.2 percent
- United Malt was the best performer, climbing 8.6 percent
- Downer EDI shares added 2.1 percent
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The Australian property market isn’t showing any signs of losing steam, with national property values up 1.1% in the month of June.
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The Australian government has confirmed a $19 billion in the 2022-23 Budget, while the public awaits the next move of the Reserve Bank on interest rates.
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The 2023-24 financial year gets underway; the RBA ponders its next rates decision; a Budget surplus of $19 billion is confirmed; Telstra goes into business with Elon Musk; the property market up 1.1% nationally in June; Tesla vehicle prices drops below comparable luxury cars; and Elio D’Amato joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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As the nation awaits the RBA's latest move on rates, the property market is looking the other way. Will another rate hike kill off the price rebound?
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We're living in a surprisingly modest reality of 'Smart Cities,' where the bold promise of the future hasn't quite delivered what Hollywood promised and instead has yielded practical, incremental advancements, making urban living less about science fiction and more about smarter garbage trucks.
Featuring:
- Trevor Long - Technology Commentator
- Professor Prem Jayaraman - Director of Swinburne University's Factor of the Future and Digital Innovation Lab
Thanks to Optus.
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Funds managers will be waiting on news on interest rates around the world to see where to position themselves next.
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Australian iron ore companies are hoping for good news out of China, with the potential of some huge economic stimulus in sight.
Market Wrap
- ASX200: down 0.02%, 7,194
- AUD: 66.29 US cents
- GOLD: $1,915 US/oz
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BITCOIN: $45,888 AUD
-
WiseTech up more than 2% to $79.35
- TechnologyOne up more than 1 1/2 per cent to $15.69
- Xero among the biggest large-cap advancers up more than 2% to $117.28
- Westpac up a few cents to $21.42
- NAB up 0.3 per cent to $26.35
- CBA up ½ a per cent to be back above $100 a share
- ANZ the outperformer up 1.2% to $23.7
- Transurban shares dropped 2% to $14.19
- Pilbara Minerals shed 2 per cent
- Evolution down 1.6 per cent
- Northern Star down 1.3 per cent
- Newcrest down 1.2 percent
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Australians are becoming “considered consumers” as they still try to live their lives while battling with cost of living challenges.
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Retail sales jump by 0.7%; Australians look for savings in their budgets as conditions tightens; central bankers warn of more rates to come; iron ore companies wait on China; CBA staff reject working from home changes; Blackrock to invest in a NSW energy project; and Tony Sycamore joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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Retail stocks have been in decline, but some surprising data from the Bureau of Statistics could mean we've got more thirst for our 'wants' than thought previously.
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Headline inflation drops below 6% unexpectedly, giving hope for a pause on interest rates; Treasurer Jim Chalmers confirms a Budget surplus; Harvey Norman continues the trend of suffering retailers; energy efficiency offers an opportunity for an Australian business in China; the ATO offers a tax amnesty for small business owners; and Kate Hanrahan joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio
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The May inflation number dropped down to 5.6%, dropping another tricky element into the RBA’s next interest rate decision.
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The market responded positively to a lower than expected inflation number, with all but one sector in the green today.
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A company looking to make energy savings in wastewater is expanding into China in what could be a $2 billion move.
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Ahead of tax time, the ATO is offering an amnesty to small business owners as it looks to recoup some of its losses.
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A glimmer of hope has ripple through markets & the Australian economy, with an unexpected shift in inflation possibly signalling better times ahead.
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Contagion spreads across businesses as the risk of insolvencies increases; the monthly CPI reading due out on Wednesday; BHP hits out at Queensland coal royalties; beef producers struggling as prices drop; changing demographics in small business; and Henry Jennings joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Prices on beef have been coming down since November, but that hasn’t been reflected in supermarket prices yet.
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Australians continue to love their KFC, but does the outlook remain strong for other food retailers?
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Construction industry insolvencies have become second nature over the last year, but the contagion of business trouble seems to be spreading.
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Australian companies on notice to beef up cyber security, while chicken sellers lay it on the line.
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Recession fears spread across the globe; the government makes changes to its multinational tax arrangements ahead of July 1; borrowers could be underwater if rate rises continue; hybrid entrepreneurs add $10 billion to the economy; banks move to prevent financial abuse; and Adam Dawes joins us for the Market Wrap.
Host: Warren Moore
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Two of Australia’s major banks have made moves to prevent financial abuse occurring.
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Hybrid entrepreneurs, who work their own startups alongside their full-time jobs, are contributing almost $10 billion to the Australian economy.
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Fears of recession has seen the Australian share market drop to its lowest point in 3-months.
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The government will make changes to multinational tax requirements from July 1, but are they doing enough in the nation’s battle with inflation.
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Mounting recession fears around the world continue to drive global markets... Will the ASX break into the green this week?
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Australia’s house prices look set to soar again in 2023-24; Jerome Powell shakes global markets with the threat of more US rate rises; Vinnies supporting those struggling with its annual CEO Sleepout; preparations for business ahead of June 30; Ford cuts more Australian jobs; and Scott Phillips joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Associate Producer: Bronwyn Robinson
Technical Producer: Simon Owens
Publisher: Nine Radio
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The property dip could be over, with house prices in major capitals set to rise over the 2023-24 financial year.
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A huge drop on Wall Street saw the Australian share market following, wiping off gains from earlier in the week.
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The Vinnies CEO Sleepout is taking place again, with a focus on the cost of living challenges facing people struggling.
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The end of the financial year is approaching, but there’s a lot for businesses to do as June 30 approaches.
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As the US Fed Chair faces the music on rates in Congress, that leaves markets weak at the knees, with the effects being felt on the ASX today.
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After years of lockdowns, small businesses are now being whacked with deteriorating economic conditions.
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The Federal Parliament is debating whether to drop junk food advertising for children, but will it work?
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More Australians are looking to the gig economy to get more of their odd jobs done, including their taxes!
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Insurers hit highs as premiums continue to soar due to inflationary conditions.
- ASX200: down 0.58%, 7,314
- AUD: 67.70 US cents
- GOLD: $1,946 US/oz
-
BITCOIN: $42,707 AUD
-
The S&P/ASX 200 lost 0.6 per cent this afternoon for its first decline in seven days
- The energy sector lost 1.3 percent and the materials sector retreated 1 percent.
- TPG shares dropped 5.4 percent after its proposed regional infrastructure merger with Telstra got knocked back by a competition tribunal.
- Flight Centre lost 6.9 per cent on an investor update
- Premier Investments was down 4.9 per cent
- Telix Pharmaceuticals soared 5.8 per cent to $12.28
- Insurers including QBE, IAG, and Suncorp hit new 52-week or multi-year share price highs today
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A merger between two major communications companies gets its wires crossed, while the ASX closes down for the first time in eight sessions.
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The Reserve Bank Minutes reveal a toss up on rates; the RBA predicts unemployment to go to 4.5% to control inflation; an iconic lolly set to be retired; Australia struggling on entrepreneurship; India’s rising population leads to sports diplomacy; Tassie hiking trails hit by inflation; and Tim Riordan joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Michael Robertson
Publisher: Nine Radio
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The economics of cricket are explored as India uses its population and increasing middle class to create a boom time for the game.
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The New South Wales government seems unlikely to follow the lead of Victoria & Queensland, choosing to reduce spending in order to fix budget & inflation problems.
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Medical imaging and software business Pro Medicus has climbed to an all time high after harnessing AI potential.
- ASX200: up 0.86%, 7,357
- AUD: 68.00 US cents
- GOLD: $1,966 US/oz
-
BITCOIN: $39,332 AUD
-
Pro Medicus hit a record high of $69.36 at the close.
- It’s now climbed 845 per cent in value over just the past five years to reach a $7.2 billion valuation.
- Cleanaway Waste Management up marginally despite losing a court battle for airspace and flagging a $40 million in additional costs to fix a landfill site.
- Star Entertainment fell 3 per cent to $1.06
- Charter Hall group rose just under 3% to $11.17
- The big banks and mining giants BHP and Rio Tinto rose.
- Miners Pilbara Minerals climbed more than 2 per cent to $4.93
- IGO rose 2 per cent to $15.22
- Lake Resources plunged 20 per cent to 30 cents.
- Woodside Energy rose 2.2 per cent
- Santos added 2.1 per cent
- Ampol climbed 1 per cent
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The Reserve Bank reveals its last decision was line-ball, and signals that more could still be in the works for the months to come.
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The housing market takes an unexpected turn; consumer groups push the banks to pass on savings; employees look for the safety of the public service; financial & mental wellbeing in focus; and Elio D’Amato joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Michael Robertson
Publisher: Nine Radio
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Financial Counselling Australia & Beyond Blue have teamed up to offer financial & mental support side-by-side.
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As recession looms, more and more employees are looking for job security over huge pay rises.
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Macquarie looks like getting its fingers in another pie, as it explores taking some ownership in EnergyAustralia.
- ASX200: up 0.60%, 7,294
- AUD: 68.67 US cents
- GOLD: $1,969 US/oz
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BITCOIN: $38,452 AUD
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Suncorp rose just under 2 per cent to $13.53
- Insurance Australia Group added 1 per cent to $5.57
- NIB Holdings gained 1 per cent to $8.80
- Weebit Nano surging more than 8 per cent to $7.21
- TechnologyOne, Xero and WiseTech all were stronger.
- Commonwealth Bank shares rose 1% to $100.35
- National Australia Bank gained 0.6% to $26.02
- ANZ and Westpac were also stronger
- The health care sector climbed 1.9 per cent
- CSL rallied 2.3 per cent to close at $284.29
- Lake Resources was the top loser on the benchmark down 20%
- Pointsbet shares jumped nearly 22%
- Abacus Property shares topped the 200 rising 6% on plans to spin off Storage King
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The Australian property market continues to storm on, despite increased interest rates and a higher volume of houses on the market.
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Energy bills are heading upwards, and the transition is on, so who's sniffing around one of Australia's biggest energy providers?
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Australian unemployment drops again, down to 3.6%; the US Federal Reserve leaves rates on hold; recession hits across the Tasman sea; Australian population grows on extra migration; new loan products shake up the market; consumers look for one last big spend; and Tony Sycamore joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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We might be tightening our budgets, but ahead of the end of the financial year, are you looking to buy an experience rather than save?
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The home loan industry will be affected by rate rises, but a different product could help people unlock more of their equity.
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New Zealand has entered a recession, but how will that affect some of its biggest & most notable companies on the market?
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The US Fed leaves rates on hold, New Zealand goes into recession & Australian unemployment stays ultra-low. What does that mean for the next rates decision?
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Rates, recession & really low unemployment. It's the three Rs of global economics in charge of the action as the Australian share market rose again.
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US inflation drops, but eyes are on their next rate decision; predicted growth for data storage companies with AI & cloud services in demand; CEOs still paying themselves despite tougher economic times; life insurers look to get in on the financial advice action; millionaire exodus from China; and Kate Hanrahan joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Brooke Sheehan
Publisher: Nine Radio
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Artificial intelligence is entering every corner of business, but can it make the labour intensive work of tender writing any easier?
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With the government making changes to financial advice rules, life insurers are looking to get in on the action.
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A downgrade for market darling CSL saw the healthcare company bring down the rest of the sector with it.
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Headline inflation for April came in unexpectedly higher at 6.8 percent, with the fuel excise largely to blame for the increase.
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Inflation is in free fall in the United States, while China is staring down some extra stimulus. Take your temperature on Healthcare stocks though...
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Changes adopted by the Financial Services Minister could see thousands of Australians gain access to financial advice.
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Despite a lot of the market fearing the current economic conditions, technology stocks seem to be defying the trend.
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Business confidence has plummeted in the latest monthly NAB survey, showing that a year of rate hikes are finally starting to catch up.
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Whether it's AI or EVs, it's a good time to be in tech! Will the chance of a rate pause in the United States send those stocks into overdrive?
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We’re almost at the halfway point of the year, so has the sharemarket been performing as it should be, and what has been the standout?
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The United States Federal Reserve will meet this week and may break 15 months worth of rate hikes. Will the US debt ceiling resolution play into the decision and how does it impact local investment?
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Food delivery services have been having a tough time, but one company is bucking the trend to push to expand a paddock-to-plate platform even amidst economic worries.
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The US faces inflation numbers this week; central banks meet to decide on interest rates; Danish inflation drops; executive travel increases over the last year; King’s Birthday awards for business leaders; APRA warns on loan adjustments; meat delivery on the menu; Qantas shakes up dress code; and with the market closed, we take a look at performance over the first half of 2023.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Goibniu Walton
Publisher: Nine Radio
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By 2030, more than 80% of Australia's electricity will be generated by renewable sources. The challenge is clear: how do we transition to renewables while maintaining a reliable and affordable energy supply?
In other words, what happens when the sun doesn't shine and the wind doesn't blow?
Batteries. Big Batteries. Grid-Scale Storage. Next-Generation Storage Technologies could solve the storage problem, but effecting change is easier said than done...
Featuring:
- Grant Wilson - Executive Chairman, Tivan Limited.
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The terminal cash rate predicted to climb as high as 4.85%; productivity the key to getting out of our economic slump; governments reshape their advertising plans; affordability v durability in a cost of living crisis; the world’s best soccer player rejects a $600 million pay day; and Scott Phillips joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Associate Producer: Brianna Raymond
Technical Producer: Declan Helmore
Publisher: Nine Radio
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As costs rise, so does regret for buying “bargain” items. So is it better to look for affordability or durability in a cost of living crisis?
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The Victorian government has pulled advertising dollars from metropolitan newspapers. Will this change the way they operate?
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A lack of confidence about where the Australian economy is headed, has translated to a poor day for consumer, tech & real estate stocks.
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After the nation’s heads point their fingers about who is responsible for rising economic woes, it could be women, scientists & those who have lived & worked overseas that fill our productivity void.
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The blame game over inflation & interest rates heats up, as economist predict the cash rate to get to 4.85%. All that is spelling bad news for consumers stocks.
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Slow GDP growth, sees just a 0.2% rise in the March quarter; Philip Lowe defends the tools at his disposal; Australians turning to their credit cards to fill the gaps in their budget; more financial advisers join the ranks; and Carl Capolingua joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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More financial advisers are getting back into the profession following the shake up from the Royal Commission.
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As interest rates start to affect mortgages, more people are turning to their credit cards in order to buy the things they need.
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GDP growth is slowing, so is that a sign for investors to think about where they’re putting their money over the next couple of years?
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GDP grew by just 0.2% in the March quarter, with all the signs pointing to a slowdown in the economy as people tighten their belts.
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The Reserve Bank has been pumping the brakes like an Formula 1 driver, and that's filtering through as national GDP slump. Can we stop before hitting the wall?
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The Reserve Bank lifts the official cash rate to 4.10%; the blame game begins for why rates are still rising; Westpac becomes the first major lender to react to the cash rate rise; the property sector teeters on the brink; Apple launches its latest game-changing product; and Evan Lucas joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Predictions of calamity in the housing market could come to fruition as the official cash rate ticks over 4%.
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The Reserve Bank has once again lifted interest rates, moving up 25 basis points to a cash rate of 4.10%. But are they done?
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Another interest rate decision was felt hardest by consumer discretionary stocks, with less cash in pockets meaning a more difficult outlook, particularly for Baby Bunting.
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Make it a dozen... 12 interest rate rises in 14 months sending mortgage holders into panic & the market sinking lower.
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The RBA weighs up what to do with interest rates; business groups ‘disappointed’ with the Fair Work Commission wage increase; Saudi Arabia to cut oil output to raise prices; gold starts to lose its lustre; Australians prepare for tax time; the iconic Hills Hoist goes into administration; and Elio D’Amato joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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With tax time approaching, Australians are being urged to improve their tax literacy in order to get back more money that they’re owed.
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Gold is starting to lose its lustre, with the price of the commodity down, and local gold mining companies seeing their share price drop.
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The Fair Work Commission decision to lift wages by 5.75% was applauded by the unions, but branded as “disappointing” by business groups. Could it also have an effect on inflation?
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The OPEC oil cartel cuts production targets in a bid to pump up prices, could this flow on to the bowser? The ASX gained 1% in a positive start to the week.
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US Congress agrees to pass debt ceiling increase; Trade Minister Don Farrell identifies barley as the next battle with China; BHP to repay $430 million to workers over leave mistake; House prices increase 1.2% across the country; market traders & economists factor in more rate rises; Student loan debts rise; Uber pushes back against regulation; the craft beer industry fronts up to economic challenges; and Tony Sycamore joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Mark Petkovic
Publisher: Nine Radio
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- US Congress agrees to pass debt ceiling increase
- Trade Minister Don Farrell identifies barley as the next battle with China
- BHP to repay $430 million to workers over leave mistake
- House prices continue to gather momentum, increasing 1.2% across the country
- Market traders & economists factor in more rate rises on the horizon
- Student loan debts rise 7.1% in line with inflation
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They say alcohol is recession-proof, so what does that mean for the hundreds of craft breweries that have sprung up over the past 15 years?
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Uber is pushing back against government reforms to regulate the gig economy, saying that 70% of its couriers could leave their jobs.
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A deal on the US debt ceiling reassured global markets, recovering slightly from yesterday’s heavy losses
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An unexpected headline inflation jump blamed on fuel; Philip Lowe fronts Senate Estimates on behalf of the RBA; the APRA chair backs in the serviceability buffer; the construction sector at its worst point in 8 years; Australian garlic could be the saviour against Covid-19; and Kate Hanrahan joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Damian Tardio & Antonio Gumina
Publisher: Nine Radio
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Australian Garlic could be the saviour in the fight against Covid-19, but will it mean that demand for the product sends supermarket prices soaring?
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The construction sector has been in freefall with mass insolvencies across the board, so will we see a flow-on effect when it comes to selling properties soon?
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Crude oil lost around 5% overnight, bringing down local energy stocks in its wake.
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Headline inflation for April came in unexpectedly higher at 6.8 percent, with the fuel excise largely to blame for the increase.
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Monthly CPI is expected to be a little sticky; the rental squeeze sends prices soaring; Qantas tries to win over customers with customer service; Wesfarmers wants to capitalise on bargain hunting; small businesses set themselves up for cyber security; Australians turn to family & friends to help pay down their bills; and Henry Jennings joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Australians are struggling to make ends meet, calling in friends and family to ensure that household bills can be paid for in full and on time.
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With small businesses spending very little to protect themselves from cyber attack, it could be a case of spending money to protect their money.
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Wesfarmers doesn’t seem to be worried by the turbulence to come, predicting that it will benefit as a business as people hunt for cheaper prices.
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The rental squeeze continues to hurt, and it's now unit prices that are putting the most damage into renter wallets.
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A conclusion looking likely in the US debt ceiling standoff; Australian markets jump higher on US debt news; Nine PwC partners places on leaves; crossbench MPs put pressure on PM to act on student loan indexation; cheaper insurance on the cards for disaster prepared homes; the buy now, die later pizza deal; and Adam Dawes joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Crossbench MPs have called for the government to intervene to protect student loans from getting out of hand, but is the system working just fine?
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Australian investors loved the news that a resolution could be about to be reached for the US debt ceiling, sending the local market soaring higher.
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There finally looks to be a resolution to the US debt ceiling standoff, but there still could be a huge global fallout if the deal isn’t signed before June 5.
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Tucked within Australia's rich soil lies a veritable treasure trove, including a wealth of critical minerals that function as key ingredients in today's advanced batteries.
As global dynamics pivot from oil-dominant petrostates to electricity-focused electrostates, Australia is uniquely positioned to rise as a leading powerhouse in the battery industry, given its vast reserves of critical minerals.
What must happen for Australia to grab a bigger piece of the battery value chain?
If we get it right, the opportunity is "bigger than solar, bigger than wind, bigger than hydrogen..."
Featuring: Shannon O'Rourke - CEO, The Future Battery Industries Cooperative Research Centre
Powered by BHP. The future is clear. Visit BHP.com/BetterWorld to learn more.
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More explosive revelation in the PwC tax leak scandal; the US debt ceiling continues to loom as a problem; superannuation changes could go towards maximising wealth in retirement; Gina Reinhart tops the AFR Rich List with $37 billion; and Scott Phillips joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Mining, manufacturing and technology are the sectors to make a fortune for Australians, but only if they’re willing to take on the risk.
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The government made changes in the budget to boost the super accounts of Australians, but what else can be done from a personal perspective to give us the best shot at retiring comfortably?
Australian Super business solutions manager, Lauren Davis, shares some tips.
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As the drama of the US debt ceiling draws closer to D-day, the Australian market continues to follow the losses on Wall Street.
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The tax leak scandal at PwC continues, with the company being told to ‘stand down’ all staff who knew of leaks from federal work.
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Australia & India continue to tighten relations; a new model for funds management; Commonwealth Bank gets staff back into the office; New Zealand’s Reserve Bank lifts rates again; Netflix cracks down on password sharing; the Indigenous entrepreneurship program offering a chance at $200,000; and Carl Capolingua joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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The Minderoo Foundation is launching the next round of its Dream Venture Masterclasses to support Indigenous entrepreneurs.
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The Reserve Bank of New Zealand continues to lift rates, with the cash rate across the ditch now at 5.5%.
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Netflix will start ending password sharing in Australia, forcing customers to pay an extra $8 a month to keep the service going.
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A new funds manager seeking to change the game is off to a good start, securing initial seed capital of up to $60 million and six years of funding.
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The Victorian budget hits homeowners with the state’s Covid recovery; land tax vs. stamp duty; Qantas on track for a $2.5 billion profit; NAB raises loan rates for new customers; the healthcare sector looks forward following the pandemic; the $11 avocado side dish; Australian coal in hot demand; and Evan Lucas joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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The pandemic may not be over, but the healthcare sector is already focusing towards the next challenges.
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A Qantas forecast of a $2.5 billion dollar profit has shareholders licking their lips, but will the company be forced to pay back Covid support payments?
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Victoria is moving to a non-residential land tax to replace stamp duty at the same time NSW is moving away from the tax reform. So who has got it right?
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The federal government cracks down on the BNPL space; food prices continue to sit at high levels; Westpac to lower its buffer for some mortgage holders; Australia to get access to US government billions; Bunnings potentially moving to a four-day work week; home clearances hit a 15-month high; NY schools to allow ChatGPT; and Elio D’Amato joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Westpac could low its mortgage buffer as low as 1% to offer those customers trapped in ‘mortgage prison’ a way out.
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With the US Treasury Secretary sounding a warning on the banking system, could the effects flow through to Australia?
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The government will bring new regulations onto “buy now, pay later” products, but have been criticised for not doing enough to protect consumers.
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The transition to battery-powered electric vehicles will greatly lower Australia's carbon emissions.
But a lack of public charging infrastructure is one of the main reasons why more Australians aren't switching to EVs sooner.
However, a flurry of public and private investment means new fast-charging locations are popping up across the country... so is it enough to cure our range anxiety?
Brooke Corte and Sam Stove plug into this critical infrastructure play, along with Evie Networks CEO Chris Mills.
Thanks to BHP. The future is clear. Visit BHP.com/BetterWorld to learn more.
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Unemployment jumps, signalling that the economy could be slowing down; NAB’s boss expects more rate rises to come; China reopens its borders to Australian timber; Xero has a bumper result; younger generations scoop up equities; Singapore Airline workers get a huge bonus; and Tony Sycamore joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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A big result for local barometer Xero led the IT space in Australia much higher on the day.
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Trends are showing that younger investors are turning to buying equities in larger proportions than older generations as they are locked out of the property market.
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The weaker unemployment numbers, combined with lower than expected wage growth could be an early sign that the economy is cooling.
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Wages jump, but still aren’t keeping up with inflation; cost of living woes are hitting 30-34s and renters disproportionately; a new social media platform aims to connect entrepreneurs; house prices continue to climb; Home Depot has its biggest revenue miss in more than 20 years; and Kate Hanrahan joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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A new football team has been announced for Tasmania, but does the economics of the decision actually stack up?
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There are worries for small businesses, but a new social media platform could help them get advice from the top of the food chain.
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US hardware retailer Home Depot had its biggest revenue miss in more than 20 years, which could signal pain for local retailers.
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Wages have jumped to the highest point in the last decade, but in real terms are going backwards, as inflation remains high.
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Stage 3 tax cuts backed in for productivity; James Hardie signals trouble ahead for the construction sector; workplace culture under the spotlight as workers are pushed back into the office; the ATO looks to crackdown on property deductions, capital gains & workplace deductions and Henry Jennings joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Ahead of tax time, the ATO will look to crackdown on rental property deductions, capital gains & workplace expenses.
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With workers now being pushed to get back into the office, workplace culture has come under scrutiny for employees.
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Construction company James Hardie saw its share price climb, but the outlook for the sector has many worried.
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The Stage 3 tax cuts didn’t get a mention on budget night, but have filled column inches since. But one economist thinks the reforms are vital for productivity.
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A debate over the impacts of migration, but rental vacancy rates start to go back the other way; Australia’s producers look to get back in the good books of China; Telstra set to raise the prices for its mobile plans; Gen Z blasted for their attitudes to getting back into the office; and Adam Dawes joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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A successful trip by the Trade Minister to China could ease fears around Australia’s ongoing business with the Asian superpower.
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The ASX continued its steady run, but there was plenty of action in the mergers & acquisition space, including in gold, funerals & betting.
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Vacancy rates have eased slightly, despite extra migration adding to Australia’s rental problems.
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This new season of Megatrends examines the critical role that batteries play in what might be the most mega Megatrendof them all: decarbonisation.
Batteries power the future of transport - Electric Vehicles. They're clean, they're quiet, but due to the higher cost of batteries, they're also expensive.
Australia's EV adoption rate lags behind the rest of the world, but as it turns out, it's probably not because of the price of batteries...
Thanks to BHP - The future is clear and it's happening now.
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Green hydrogen wins out of the Federal Budget; Peter Dutton responds to the government; Stage 3 tax cuts under hot debate; avocado exports explode; reality TV shows still a winner for money & advertising; and Scott Phillips joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Despite the format being around for more than 20 years, reality television is still providing enough eyeballs for sponsors to get their money’s worth.
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Avocados have been blamed for the inability of younger generations to enter the property market, but a glut of the fruit has seen Australian export volumes to Asia boom.
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With lithium companies getting a boost from the merger of Allkem and Livent, is the battery material set to become the new gold?
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Green hydrogen was a big winner out of the Budget, with the government giving a $2 billion commitment to the industry.
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We get ALL the reaction to the federal budget, including for superannuation, tax reform & the housing market; Bubs Australia replaces founder Kristy Carr; investors back Health Care companies after a budget boost; Air New Zealand to introduce bunk beds; and Carl Capolingua joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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The federal budget may have delivered a boost to many households, but a surprise boost to health care sent that sector higher on the ASX today.
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The government has been accused of not doing enough to tackle spending in the budget, leading to fears that the RBA might have to raise rates again.
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The reaction to measures for housing in the Federal Budget, which ignored first homebuyers, but included rent assistance measures.
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The reaction to tax reform in the Federal Budget, including a look at whether Stage 3 tax cuts will be around for a while yet.
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The reaction to changes to superannuation and financial advice in the Federal Budget.
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The government has delivered its budget for 2023, but will it do enough to support those who are struggling with the cost of living, and at the same time take a sucker punch to inflation? Join John Stanley, Tom Elliott, Scott Haywood & Joe Hildebrand as they review Jim Chalmer’s plan for the nation. They’re joined by Treasurer Jim Chalmers, Shadow Finance Minister Jane Hume, Australian Chamber of Commerce and Industry CEO Andrew McKellar, and Australian Institute Senior Economist Matt Grudnoff.
Host: Scott Haywood, Tom Elliott, John Stanley, Joe Hildebrand
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Jim Chalmers joined Nine Radio after delivering the budget.
Our expert panel threw several questions at the Federal Treasurer.
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Jane Hume is the Shadow Finance Minister and joined Nine Radio to respond to Labor's budget.
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Andrew McKellar is chief executive of the Australian Chamber of Commerce and Industry and says it's vital the nation remains ambitious when it comes to economic growth.
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Scott Haywood, Tom Elliott, John Stanley and Joe Hildebrand all shared their thoughts on Nine Radio.
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You can listen back to the Federal Treasurer's Budget speech in full here.
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Australia prepares for the budget as Jim Chalmers looks set to give $14 billion in ‘cost of living relief’; Australia’s banks continue to perform strongly for their shareholders; new building approvals head down to their lower level in two and half years; and Elio D’Amato joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Australia’s banks continue to perform for their shareholders, with net interest margins rising as interest rates increase.
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The government will spend $14 billion in the Budget for “cost of living relief”. But will spending that money actually contribute to inflation and cause the RBA to lift interest rates again?
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Frustrations from mortgage holders have spilled over as Australia’s top banks have announced billions of dollars in profits, including $3.8 billion for ANZ.
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The government & opposition prepare for the Budget on Tuesday, with the possibility of a surplus; the US Fed lifts interest rates; investors react poorly to NAB’s $4 billion half year profit; inflation costs flow through to student debts; banks increase their rates following the RBA decision; and Rudi Filapek-Vandyck joins us for the Market Wrap
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore & Brooke Sheehan
Publisher: Nine Radio
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Inflation has taken to student debts, with many fearing they’ll never be able to pay down the growing debt.
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The market recovered after a bad start to the day, but investors were put off the banks, with NAB’s $4 billion half year profit not good enough.
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The government is set to deliver its budget next week, but will predictions of a surplus be right, and will that help the nation’s inflation challenge?
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Retail spending starts to plateau as interest rates bite; NAB the first big bank to move on rates; Bali considers taxing tourists; SMEs feeling stressed about the economic outlook; Tasmania’s new sports team goes under the economic microscope; and Kate Hanrahan joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Brooke Sheehan
Publisher: Nine Radio
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Owners of SMEs suffering more in Australia than in comparable countries, with stresses of economic headwinds mounting.
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Australia’s retail spending has slowed over the last few months as interest rate rises start to hurt, and that pain is being passed on to retail companies.
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A bad day for packaging giant Amcor, as reduced consumer spending starts to bite business forecasts.
MARKET WRAP:
- ASX200: down 0.96%, 7,197
- AUD: 66.61 US cents
- GOLD: $2,024 US/oz
- BITCOIN: $43,094 AUD
- CBA shed just under 2 per cent to $98.29
- NAB also lost just under 2% to $28.55
- Macquarie Group dropped more than 1% to to $179.10
- Woodside fell 2.5 per cent
- Amcor tumbled just under 10% to $14.91
- Santos dropped 2 ½ per cent to $6.97
- Evolution Mining rose more than 3% to $3.61
- Northern Star up 2 per cent to $13.55
- Newcrest up just under 2% to $29.12
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A new football team has been announced for Tasmania, but does the economics of the decision actually stack up?
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The Reserve Bank pulls a surprise interest rate increase; the ASX plunges on interest rate news; Qantas CEO Alan Joyce to step down from the top job; a Melbourne woman dreams up the winning Lotto numbers; and Evan Lucas joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Brooke Sheehan
Publisher: Nine Radio
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Qantas has announced Alan Joyce will depart from the CEO role after 15 years in the top job, with his replacement to be current CFO Vanessa Hudson.
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The market plunged on news that the Reserve Bank lifted interest rates – previously giving the chance of another lift no hope.
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The RBA sprung a surprise on mortgage holders, going against expectations and lifting the official cash rate by 0.25% to 3.85%.
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The RBA prepares to make another big call on interest rates; the government rules out touching current infrastructure in the budget; Australian banks prepare to report their half-year results; Tasmania comes in as the top performing state economy; first home scheme expanded to include siblings; and Adam Dawes joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Australian banks prepare to outlay their half year results, but moves in America could highlight just how well our own sector is performing.
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Tasmania has topped the latest State of the States report as the country’s best performing economy, driven by a strong job market and more new dwelling builds.
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House prices are showing signs of having already bottomed, lifting by more than 1% over the last two months.
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Telix Pharmaceuticals continues its rapid rise in the biotech space; Samsung records its worst quarterly results in 14 years; Blackmores is sold to Japanese beer giant Kirin; APRA releases its heat map of super fund performances; US networks move on their biggest stars; and Scott Phillips joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Fox News & CNN have both parted ways with high-profile hosts, which could have a say in how advertisers treat the companies.
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APRA has released its annual heat map of super fund performance, with many of the options underperforming and charging higher fees than needed.
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Vitamins company Blackmores has been taken over by Japanese beer brand Kirin in a deal worth $1.88 billion.
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An Australian biotechnology company that has expanded into the United States is soaring, recording revenue above $100 million in the first quarter as it works on cancer treatments.
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Australia’s inflation rate drops, putting pressure on the RBA to hold off on increasing interest rates again; LVMH valued at $500 billion; businesses look to grow sustainably against economic headwinds; a Japanese airline cancels the trips of some very lucky travellers; Dubai sand sells for $51 million and Carl Capolingua joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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The iron ore price dipped below $US100 a tonne, but the China rebound story could be the tonic for the mining industry.
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Businesses are struggling against economic headwinds, so setting them up for sustainable growth could be key for survival.
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Australia’s quarterly inflation rate has fallen to its best position since mid-2022, raising the potential of an RBA hold at its May meeting.
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China’s reopening provides opportunities for Australian companies; Westpac thinks housing prices have bottomed; March quarter inflation data to be released on Wednesday; first home buyers flock to the Bank of Mum & Dad; and Michael Hewson joins us from London for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Michael Robertson
Publisher: Nine Radio
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With house prices heading upwards again, and interest rates remaining at higher levels, children are heading to the Bank of Mum & Dad to get their foot on the property ladder.
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While Australia awaits its March quarter inflation figures, the UK is struggling with a high inflation number that doesn’t want to budge.
ASX CLOSED FOR ANZAC DAY
- ASX200: down 0.05%, 7,362 (MONDAY)
- AUD: 66.57 US cents
- GOLD: $2,000 US/oz
- BITCOIN: $41,059 AUD
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China’s reappearance from a Covid lockdown cloud has meant that Australia’s fortunes for trade could change dramatically.
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The ACCC looks into banks and their savings products; AI software boosting productivity; Twitter users go crazy over verification marks; Gen Z the ‘most difficult’ generation to work with; a lucky traveller scoops up a bargain on business & first-class tickets, and Elio D’Amato joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore & Brooke Sheehan
Publisher: Nine Radio
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A new study has found that bosses & managers think that Gen Z staff are the most difficult generation to work with.
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Movements in the iron ore space, with companies still backing China’s reemergence to push up prices once again.
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The ACCC will look at how banks are passing on interest rates in their deposit products after 350 basis points of lifts by the RBA since May last year.
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A major upheaval on the way for the Reserve Bank after the government accepts 51 recommendations from a review of the central bank; Rio Tinto producing iron ore at a record pace; the housing crisis worsens as governments look short term; some good news for Porter Davis customers in Victoria; and Tony Sycamore joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Kayne Stephens
Publisher: Nine Radio
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Australia’s housing crisis continues to bite, but a lack of forward planning by governments and NIMBYism could be just as bad as an influx in migration.
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Rio Tinto is producing iron ore at record levels, and the reopening of China could help send that even higher.
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The RBA is set for an overhaul, after the government said it will seek to pass 51 recommendations laid out in a review of the central bank.
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The Albanese government lights the touch paper on electric vehicles; Star Entertainment cuts jobs after months of scrutiny; Commonwealth Bank facing huge fines for not paying staff; tougher economic conditions sees business insolvencies jump; an airfare deal of a lifetime for ANA travellers; and Kate Hanrahan joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Kayne Stephens
Publisher: Nine Radio
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Tougher economic conditions and the cut of pandemic funding has sent many businesses into insolvency – now at the highest level for over 3 years.
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The federal government’s new Electric Vehicle Strategy will attempt to boost sales of EVs across Australia over the next decade.
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Lithium stocks are back in the public eye, but will this time be another short-term bounce for the commodity?
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Years of scrutiny have tightened the screws on Star Entertainment, with the company to cut jobs and freeze pay rises.
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Covid was meant to be the great disruption in the workplace, and employees are still seeking flexible options when finding a job.
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The US reporting season has kicked off, with the shaky performance of some smaller banks weighing on the minds of companies.
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A return to the office has been the springboard for a leap in transport numbers taken for the CommBank HSI Index.
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The Reserve Bank doesn’t rule out further rate hikes; Spending Intentions lift on increased transport use; China’s economy grows 4.5% on rebound; US reporting season kicks off; working from home still an employee priority; flights to Europe set to jump; and Henry Jennings joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Kayne Stephens
Publisher: Nine Radio
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Flights to Europe over the Australian winter are set to be almost 50% higher in price than they were at the same time last year.
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Commonwealth Bank lowers its fixed-rate loans as the top of the rate cycle approaches; Jim Chalmers predicting a tougher budget on weaker global conditions; RBA reform needs bipartisan support; agricultural land continues to grow in value; Mars Bars to come in paper wrapping; and Adam Dawes joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Agricultural land continues its run of good growth following a couple of years of better weather conditions.
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The Australian share market has jumped following good numbers on Wall Street as US banks outperformed expectations.
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The adjustment by Commonwealth Bank on its fixed-rate loan options signals that a battle could be brewing as the RBA holds the cash rate.
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Unemployment holds steady at 3.5%; US headline inflation drops to 5.0%; banks continue to lift interest rates for variable customers; the IMF calls for Australia’s GST to be lifted; Jim Chalmers navigates Washington; advertising spending recovers following the pandemic; and Scott Phillips joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Michael Robertson
Publisher: Nine Radio
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Advertising spending has been in flux following the reopening of the economy post-Covid lockdowns.
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The IMF has called on the Australian government to reform the tax system by raising the GST.
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Rare Earths and Recession are the two big R words on the lips of investors at the moment.
MARKET WRAP:
- ASX200: down 0.27%, 7,324
- AUD: 67.32 US cents
- GOLD: $2,041 US/oz
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- BITCOIN: $44,780 AUD
- Energy stocks rose, with consumer stocks the biggest losers for the day.
- Corporate Travel Management was the stand-out performer. Its share price surged 12%
- Nickel Industries and Regis Resources rallied by 5.3% and 3.1%
- Champion Iron pulled back after yesterday’s run higher,
- Block plunged 5.7%
- Coles shares also dipped after Wesfarmers disclosed it sold its final stake in the retailer.
- Afterpay parent Block shares tumbled 5 per cent to $94.32
- BHP Group shares dropped just under 1% to $46.40
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Inflation continues to drop in the United States, but strong labour force statistics from the ABS could mean another rate hike on the cards in May.
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The IMF sends a warning on the global economic outlook; Jim Chalmers assesses his budget; cryptocurrency staple Bitcoin surges over $US30,000; worries for Tupperware’s long term future; good news for domestic travel businesses; the costly sneakers of an NBA star; and Carl Capolingua joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Michael Robertson
Publisher: Nine Radio
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With rising costs making international travel even harder, Australia’s holiday parks have been bursting at the seams during the Easter period.
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Another positive day on the Australian bourse, including for winemakers buoyed by the hope of a thawing relationship with China.
- ASX200: up 0.47%, 7,343
- AUD: 66.61 US cents
- GOLD: $2,025 US/oz
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- BITCOIN: $45,092 AUD
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- NextDC shares up more than 8 per cent to $12.02
- BHP up 1.8 per cent to $46.84
- Rio Tinto up just under 3 per cent to $121.75
- Fortescue up 1.6 per cent to $22.55
- Champion Iron adding 7% to $7.33
- Pilbara Minerals fell 4% to $3.54
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- IMF downgrades global forecasts
- Jim Chalmers looks to save in the budget
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As economic conditions worsen, investors have looked to alternate options, sending the prices of cryptocurrencies soaring again after big losses last year.
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Consumer sentiment lifts following the Reserve Bank keeping rates on hold; business confidence remains strong; Australia’s trade relationship with China thaws; big movement in the gold mining space as Newmont lobs a bid; superannuation changes proposed to boost incomes by 10% a year; grocery service MilkRun bites the dust; and Evan Lucas joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Grocery delivery service MilkRun will be wound up after worsening economic conditions claimed its scalp.
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Superannuation changes are coming, but a new plan has proposed reforms that would boost retirement incomes by 10 percent each year.
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A big day for the mining sector with Newmont offering a $32bn final offer for gold miner Newcrest.
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Consumer sentiment has surged after the Reserve Bank placed interest rates on hold, but there are still more pessimists around than optimists.
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Artificial intelligence set to lead the way business operates over the next decade; chocolate makers plan for leaner periods despite the Easter Rush; fixed interest investments shaken up by the rising rate environment; businesses costing themselves by being “too busy” for training; and the Australian share market closed for the Easter long weekend.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Businesses that are “too busy” to be providing their own staff with skills training & on-the-job learning could be costing the economy over $35 billion a year.
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Interest rates have been left on hold by the Reserve Bank, so where does that leave the landscape for fixed interest investments?
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Artificial intelligence stands to disrupt and reinvent the business landscape, but should companies be looking to adopt the tech early, or wait and see how it develops?
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The federal government looks to target unfair trading; gold forecasts see the commodity heading towards record prices; Binance Australia’s financial licence cancelled; positive news for Porter Davis customers; the trade surplus grows; ties with India deepen; and Tony Sycamore joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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The trade surplus grew again, and with the Prime Minister’s eye on India, the advantages in Asia could flow through to Australia soon.
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Crypto exchange Binance exits from its Australian licence, following government regulation changes.
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Defensive and conservative investors are looking to gold as a safe haven, but what else is out there?
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The federal government has identified unfair trading as a handicap on the Australian economy, and will look to change the rules to boost productivity.
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RBA Governor Philip Lowe waxes lyrical at the National Press Club; rents jump by 2% in the March Quarter; new car sales decline as rate hikes start to hurt; new lithium technology could be a boost to Australian production; New Zealand’s central bank goes hard on rates; and Kate Hanrahan joins us for the Market Wrap
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Philip Lowe addresses the National Press Club after the RBA keep rates on hold for the first time since early 2022.
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Demand for lithium is surging, but technological developments by an Australian company could see a huge leap forward in lithium batteries.
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Bank stocks have had a mixed performance after the Reserve Bank kept interest rates on hold for the first time since April 2022.
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Prices for renters have continued to climb, gaining 2% in the March quarter, with no sign of a let off coming soon.
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The Reserve Bank delivers momentary relief for mortgage holders, but rate hiking isn’t done yet; the ACCC probes whether ANZ’s takeover of Suncorp is good for competition; Aesop goes worldwide after being bought by L’Oreal; small businesses get access to government online training; more problems for Porter Davis customers; and Henry Jennings joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Small businesses face multiple challenges in the wake of economic headwinds, but sometimes the best operations are born out of hardship.
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The Reserve Bank’s decision to keep interest rates on hold buoyed the local share market, but it was mixed news for the banks.
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The Reserve Bank has paused its rate hiking cycle, leaving the official cash rate on hold at 3.6%.
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Home prices start to rise again, despite worsening economic conditions; OPEC to reduce its oil production; Coles goes after milk production assets; economists split over RBA cash rate decisions; fallout from Porter Davis collapse continues; Australia’s cricketers get a pay rise; and Adam Dawes joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Loyalty doesn’t seem to be paying, with current bank customers getting a raw deal when it comes to getting the best rates & cash back options.
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An OPEC decision to cut oil supply saw the Australian energy sector surging, but there are fears about how it might affect the global economy.
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Far from the dire predictions of 15-20% house price drops, CoreLogic figures show a national bounce begin to set in.
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Labour shortages have been answered with increased immigration, but older workers can be part of the solution if they have access to skills training.
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A review into the RBA to be delivered on Friday, with the opposition poised to back changes; ING cuts its fixed-rate loans; mixed opinions on whether or not the RBA pauses rate hikes on Tuesday; older workers push for access to skills training; and Scott Phillips joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Michael Robertson
Publisher: Nine Radio
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Telstra shares hit their highest level since July 2017, but does the company provide a good opportunity for investors?
MARKET WRAP:
- ASX200: up 1.02%, 7,122
- AUD: 67.04 US cents
- GOLD: $1,985 US/oz
- BITCOIN: $42,605 AUD
- BHP up 2.4 percent to $46.08
- Fortescue also up just over 2% to $21.61
- Rio Tinto up just under 2 per cent to $117.25
- Shares in software company WiseTech lifted 1.7% to $64.60.
- CBA rose 1.4 per cent to $97.75, with all four major banks gaining.
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ING has become the latest bank to cut its fixed-rate loans, a possible trend to come as the RBA ponders pausing rates.
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The results of a review into the Reserve Bank are to be released on Friday, with the federal opposition supporting changes to the central bank.
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Inflation drops to 6.8%, putting the pressure on the RBA to pause on rates; the Australian government tries to win some love from Japan; mortgage holders facing stress as buffers dwindle; a Queensland island up for sale for $1 million; Apple moves into the BNPL space and Carl Capolingua joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Michael Robertson
Publisher: Nine Radio
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Hundreds of thousands of Australians are in danger of mortgage stress as rates rise, with more to come off fixed-rate loans in the months to come.
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Good inflation figures sent the market in a positive direction, but the banks all lost ground.
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- ASX200: up 0.23%, 7,053
- AUD: 66.79 US cents
- GOLD: $1,963 US/oz
- BITCOIN: $41,933 AUD
- Bendigo & Adelaide Bank fell 3.1 percent
- NAB dropped 2.2 per cent
- Bank of Queensland retreated 1.7 per cent
- Westpac shed 0.7 per cent
- ANZ eked out 0.1 per cent
- CBA added 0.3 per cent
- Energy and materials led gains amid higher iron ore and oil prices.
- Rio Tinto rose 0.6 per cent
- BHP rallied 1.3 per cent
- Fortescue jumped 2.9 per cent
- Liontown Resources extended gains with a 0.8 per cent
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Australia’s inflation rate dropped to 6.8% in the biggest sign yet the RBA’s rate-hiking is working, but will that stop them from going again when they meet in April?
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Origin Energy set to be taken over & transformed by North American partnership; retail numbers slow, with more work to do; APRA’s stress test of the big banks comes up positive; rapper Jay-Z growths his wealth to $2.5 billion; Australian ad revenue for Twitter plunges; and Evan Lucas joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Retail figures suggest Australians are still spending, but the signs are there that the economy is slowing. All mixed messages for the RBA to decide on a rate rise next week.
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A day of takeover talk and positive sentiment led to gains on the Australian share market.
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Two North American giants are set to takeover Origin Energy, so how much will that alter the Australian market and what is set to change?
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More bank jitters over the weekend, this time in Germany; a cyber breach of Latitude Financial much bigger than first thought; capital city clearance rates on the rise again; former entertainment giant Sanity closes its last stores; Swiss watches bring in billions; and Elio D’Amato joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Australia is headed in the right direction on cyber security, but data leaks from social media are in the spotlight, more issues could be on the way soon.
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Investors continued to be spooked by movements in the world banking sector.
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More trouble across the weekend with international banks – this time German giant Deutsche bank suffering market jitters.
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Could you turn your million dollar idea into a fat bank account? That’s what hundreds of Australians will be hoping to do when Shark Tank makes it way back onto television.
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Thousands of landlords could be feeling the pinch as ultra-low fixed-rate loans turn into much higher variable loans.
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The Australian market followed the lead of its US equivalents, dropping on news of the US rates decision.
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Investors have sent the gold price soaring, with an insurance policy needed after the volatility in the banking sector.
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The bailout of Credit Suisse has created uncertainty in equity markets around the world.
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The US Fed’s decision to slow down its schedule and lift rates by 0.25% could mean the Reserve Bank’s decision next month could be made easier.
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The US Fed lifts interest rates by 0.25%; Reserve Bank predicted to pause on its own rates cycle; four day work week negotiated by Oxfam Australia workers; Brickworks flags increased costs for production; vendors losing money in Sydney & Melbourne property sales; million-dollar ideas to be thrashed out on TV again; and Tony Sycamore joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Michael Robertson
Publisher: Nine Radio
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The world awaits the next US Federal Reserve decision on interest rates; landlords coming of fixed-rate loans in trouble; Australian coal starts making its way back into China; investors look towards the insurance policy of gold; cryptocurrency grows on volatility; UK inflation grows unexpectedly; fewer people on unemployment to help the budget bottom line; and Kate Hanrahan joins us for the Market Wrap
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Michael Robertson
Publisher: Nine Radio
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Push back against capping rental prices; the price of gold soars to new heights; the humble spud back in the freezer aisle; small business looks outside the capitals to capitalise; credit card use goes through the roof; food inflation starts to ease; and Henry Jennings joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Michael Robertson
Publisher: Nine Radio
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The world awaits the next US Federal Reserve decision on interest rates; landlords coming of fixed-rate loans in trouble; Australian coal starts making its way back into China; investors look towards the insurance policy of gold; cryptocurrency grows on volatility; UK inflation grows unexpectedly; fewer people on unemployment to help the budget bottom line; and Kate Hanrahan joins us for the Market Wrap
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Michael Robertson
Publisher: Nine Radio
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Multiple governments have suggested a cap on rental increases in order to offset rental shortages, but several economists are not in favour of the plan.
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Looking outside the major states in Australia could be the way that businesses are able to make their mark and grow.
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The market rebounded from losses following bank turmoil, but the safehaven of gold saw its prices peak above $2000/oz.
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Push back against capping rental prices; the price of gold soars to new heights; the humble spud back in the freezer aisle; small business looks outside the capitals to capitalise; credit card use goes through the roof; food inflation starts to ease; and Henry Jennings joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Michael Robertson
Publisher: Nine Radio
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Credit Suisse gets a takeover by Swiss rival UBS; Queensland proposes a cap on rental increases; Australians choosing to cut down on food costs as the cost of living keeps on biting; wages rise over the last 25 years but are beaten down by inflation; and Adam Dawes joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Michael Robertson
Publisher: Nine Radio
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The Australian share market sank in reaction to the troubles of Credit Suisse, with financial stocks all taking a hit.
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Swiss bank UBS has agreed to take over rival Credit Suisse for $3 billion dollars, after problems in the global banking system.
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Australian wages have grown by more than 150% over the last 25 years, but have taken a big hit in real terms thanks to inflation.
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Credit Suisse spooks banks & markets around the world; Australia’s unemployment rate heads downward, but rates might keep heading upwards; the Treasurer pushes for greater productivity; Qantas wants users to use their credits; and Scott Phillips joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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The Treasurer wants greater productivity to boost the prosperity for Australia, so it could be businesses that drive the push.
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Australia’s unemployment rate has dropped to 3.5%, diminishing hopes that the Reserve Bank might pause on interest rates.
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The Australian market lost more than 1.5% after reacting to the Credit Suisse Bank crisis.
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Credit Suisse bank will receive an emergency loan, with markets hoping to avoid a worldwide banking crisis.
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Energy prices set to skyrocket on July 1; nothing can stop us from spending on health & beauty; the Australian market recovers from the Silicon Valley Bank collapse; more questions to be asked on superannuation changes; oil prices dropping around the world; and Carl Capolingua joins us for the Market Wrap
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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The government will face further questioning over changes to superannuation and who it might affect.
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Some relief after the local share market clawed back some of the losses that were felt after the collapse of Silicon Valley Bank.
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Despite rising cost of living pressures, that hasn’t stopped retail spending on our health and beauty.
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Energy bills could climb by up 24% after the energy regulators reveal draft pricing plans to start on July 1
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The fallout from the collapse of Silicon Valley Bank continues; politicians reassure populations about accessing money; cryptocurrency gains; consumer & business confidence numbers show a worrying picture; Australian agribusiness enjoying a few years of rain; and Evan Lucas joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Australia’s agribusiness sector has been boosted by good years of rain, with challenges with labour and population decline will still present themselves in the coming months.
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The Australian market suffered more fallout from the collapse of Silicon Valley bank, with tech stocks suffering on a difficult day.
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Consumer sentiment has remained low off the back of rental space confidence being shot due to rising rates & inflationary pressures.
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The collapse of the Silicon Valley Bank sends financial shockwaves around the world; the price of petrol drops 15% over the last year; record profits for Saudi national oil company; cyber security still a major concern; NSW plans for a ‘kids future fund’; grocery shopping costs soar over the last year; and Elio D’Amato joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Australia is headed in the right direction on cyber security, but data leaks from social media in the spotlight, more issues could be on the way soon.
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A nervy market reacted to the news of the Silicon Valley bank collapse, with tech & bank stocks suffering the most.
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The collapse of Silicon Valley Bank in the United States has sent a shockwave through the banking world, with loose regulation and rising interest rates to blame. Will those ripples appear in Australia?
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The Prime Minister visits India to bring the two countries closer, taking a raft of business leaders along with him; North American central banks look to move in different directions; first home buyers uncertain with rents & rates both rising; a rare coin on the market for $750,000; and Tony Sycamore joins us for the Market Wrap.
Host: John Stanley
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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A gold coin dating back to 1852 is on the market for $750,000 - with rare coins emerging as a new asset class.
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In a rising rate & rent environment, first home buyers are uncertain whether or not to make the move into the property market.
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Myer has had a standout result, so are Australians ditching online retail for bricks and mortar stores again?
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The Prime Minister has touched down in India, with business leaders being a part of the delegation, hoping to tap into the growth that 1.4 billion people can offer.
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Philip Lowe hints at a pause on interest rate rises; the boss of Origin Energy predicts high prices; food inflation showing signs of easing; women are saving less & running up the credit card more than men; and Kate Hanrahan joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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New findings show that women have fewer savings, fewer investments and higher credit card debt than men.
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There are signs that food inflation is starting to ease, which could mean an easier run for shoppers across the year.
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The share price for Invocare has shot up over the past couple of days after rumours of a takeover by private equity firm TPG.
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The banks have been slow to react to the rate hike by the Reserve Bank on Tuesday, staying wary of an angry reaction as mortgage holders feel the pain.
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The Reserve Bank makes it a imperfect 10th out of 10 rate rises, increasing the cash rate to 3.6%; Tesla lowers its prices; Meta to layoff more workers; China could be the key to boosting Australian manufacturing; Toblerone to change its iconic look; and Henry Jennings joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Judo Bank’s new Manufacturing PMI shows that an increase in activity in China could be the boost that Australian business is looking for.
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The RBA’s interest rates decision led a flat market to jumping, with the banks surging ahead after the 0.25% increase.
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The Reserve Bank increased the official cash rate by 0.25% to 3.6%, but its notes acknowledged the slowdown coming, so could rate rises soon be suspended?
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Mortgage holders brace for a 10th rate hike from the Reserve Bank; more Australians going into ‘mortgage prison’ as rates lift & home values drop; China signals a more conservative approach to growth; calls for the aged pension to be increased quarterly; and Adam Dawes joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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The aged pension has been lifted by 3.7%, but critics say the government should be lifting by more in periods of high inflation.
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The liquidation of freight company Scott’s could mean delays for products to hit the shelves of supermarkets.
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More Australians are falling into ‘mortgage prison’ – trapped in their loans and unable to refinance – due to the impact of rising rates and declining home values.
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Building approvals drop to their lowest point in a decade; rising costs hitting craft beer prices; property staying on the market for longer as rates start to bite; Australia Post to alter mail delivery; financial challenges for those heading overseas for work; and Scott Phillips joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Heading overseas for work might be the opportunity of a lifetime, but it can also present some challenges with getting your finances in order.
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Properties are staying on the market for longer as the impact of rates rises affect both buyers and sellers.
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Supermarkets are exposed in the market during tough economic times, but does this pose a risk to investors?
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Home approvals dropped to their lowest point in a decade, with worsening economic conditions starting to catch up with the industry.
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GDP & CPI numbers show signs that the Australian economy is slowing; House prices across the country start to stabilise; NAB & Commonwealth alter their fixed-rate loans; Chinese factories increase their production; the new generation redefines wealth; more superannuation stoushes; and Carl Capolingua joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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A new generation is redefining what wealth means to Australians, away from the family home.
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Lower volumes of houses on the market meant more competition across February, sending property prices up across Australia.
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Increased factory production out of China was good news for Australian commodities.
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GDP slowed, and the monthly CPI indicator is down for January, but it will still be unlikely that the Reserve Bank pauses its rate hiking schedule when it meets next week.
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Labor announces changes to superannuation that will double the tax rate for those over $3 million; retail trade rebounds in January; Bunnings moves into the pet space; Australian fisheries look to a sustainable and ethical future; and Evan Lucas joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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A new generation is redefining what wealth means to Australians, away from the family home.
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Strong retail sales could bring on further rate rises, while the financial services sector reacted to the government’s proposed superannuation changes.
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Retail sales responded from a bad drop in December to surge 1.9% in January, but it hasn’t been smooth sailing for retailers during the reporting season.
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Woodside post a huge profit following increased price of energy during 2022; APRA won’t adjust buffers on home loans; Invocare, BWX, Lynas Rare Earths and Kogan all report their earnings; sole traders could stop putting money towards their retirement; and Elio D’Amato joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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The debate around superannuation changes will continue all the way until May, but there’s evidence sole traders could contribute even less towards their retirements.
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Reporting season continued, with the performance of Invocare, BWX, Kogan and Lynas Rare Earth all on display.
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Soaring energy prices through 2022 saw Woodside report a full-year profit of more than $5 billion.
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Qantas makes a billion dollar profit; Nine Entertainment grows its revenue as audiences increase; Commonwealth Bank won’t go to full working from home; Australian retiring at an older age as workplace knowledge reigns; and company reporting continues as we hear from Blackmores, Eagers Automotive, Medibank and Star Entertainment.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Australians are retiring older than ever before, with expertise of workers in demand and labour shortages leaving bosses to beg for extra hours.
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Qantas posted a billion dollar profit for the first half, despite troubles with ticket prices, delayed flights and baggage problems.
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Revenue for Nine Entertainment rose during the first half, with audience growth being the key to the success.
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Travel is back on the menu, with Flight Centre rebounding from the depths of the pandemic abyss; wages growth is softer, once again putting the pressure on the Reserve Bank; the government retreats after making calls for changes on superannuation; Woolworths, Wisetech Global, Origin & Domino’s amongst the companies reporting; and Kate Hanrahan joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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The government's proposed changes to the superannuation sector has already been walked back following an abrasive public response.
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A bad result for Dominos sent its share price lower, with Woolworths, Santos and Wisetech amongst the other big numbers reporting today.
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Travel has returned following a couple of years of Covid lockdown, but a rising interest rate environment could have travel budgets slashed as belts are tightened.
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BHP have lacklustre first half results, but await greater commodity demand from China; regional house demand falls after the Covid treechange era ends; Judo Bank, Coles, Stockland and others all report their results; the RBA minutes suggest further rate rises; and Henry Jennings joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Local businesses drive communities, but rising interest rates threaten their existence.
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Reporting season continues with Stockland cutting its settlements forecast because of extreme wet weather.
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Regional Australia saw property prices rise as people made a tree change during the pandemic, but that trend is starting to shift.
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BHP was affected by falling iron ore prices, hurting its first half result. But with China reopening, the Big Australian is set to bounce back with commodities in demand again.
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Jim Chalmers looks to shake up superannuation; Bendigo Bank lifts profits as pressure is put on the banks; superannuation returns lift in January; War in Ukraine lifts profits for Ampol; Facebook to start charging for verification; and Adam Dawes joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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A jump in fuel prices drove Ampol towards a booming half-year result, with earnings & profit both significantly up.
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The increase in bank profits has been under the microscope as rising interest rates continue to hurt everyday Australians, as Bendigo Bank announces an earnings jump of 23 percent.
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Reporting season continues, while China’s reopening could send the price of iron ore skyward.
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Telstra could boost prices as inflation bites the business; Domain isn’t put off as rising rates cools residential home listings; Unemployment heads to 3.7% in a sign the economy is cooling; NAB, Whitehaven & more report their earnings; and Scott Phillips joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Education in the area of money is a huge area of need in Australia, and a new book aims to teach girls that finance is fashionable.
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Rising interest rates have cooled consumer’s lust for property, but Domain Holdings is confident it’ll see the tide through.
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Results season continues with NAB, AMP & Whitehaven all under the microscope.
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Inflation will impact Telstra’s prices, but new CEO Vicki Brady has made a perfect start, with revenue, profit and the share price all rising.
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Philip Lowe gets grilled by Senate Estimates; Twiggy Forrest pushes Fortescue either further into green innovation; Cochlear look to the cloud for their next development; Fletcher Building counts the cost of a summer of bad weather; more results for Commonwealth Bank, Treasury Wines, Wesfarmers & Vicinity Centres; and Carl Capolingua joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Wild weather across New Zealand & east coast Australia dampened the results of construction company Fletcher Building.
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Investment in cloud computing technology is at the forefront of Cochlear’s plans in the medical tech space.
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Reporting season continued with results for Commonwealth Bank, Wesfarmers, Vicinity Centres & Treasury Wines the highlight.
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Fortescue continued its charge into the green space, committing more of the company’s profit towards its green energy arm, Fortescue Future Industries.
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Reserve Bank Governor Philip Lowe faced a grilling in Senate Estimates over his performance, the rapid lift in interest rates, and the profits of the banks.
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Consumer confidence plunges to record low levels; business confidence rebounds; CEO pay goes up 13%; CSL, James Hardie, Ansell, and Temple & Webster; spending changes in retail even on Valentine’s Day; and Evan Lucas joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Valentine’s Day is usually filled with bouquets of flowers and expensive dinners, but with rates rising retail consumers could be altering their habits.
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CSL, James Hardie, Ansell, and Temple & Webster were amongst the big names reporting their results.
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Consumer sentiment plunged to levels not seen since recession times, with households feeling pessimistic about rate rises.
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Carsales, IAG, JB Hi-Fi, Endeavour & Lendlease some of the big names to report their half-year earnings; Nintendo boosts wages despite tech layoffs; Super Bowl a huge money maker; productivity a big fear for potential business owners; Treasure to bank commodity profits; and Elio D’Amato joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Over three quarters of Australians have had a dream for their own business, but only just over a third follow through. Productivity & insolvency fears could be killing our small businesses.
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A big day of company results, with Endeavour, IAG, JB Hi-Fi, Lendlease and more all reporting.
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A slowdown in spending due to rate rises has not stopped Carsales.com from posting a huge profit.
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The rise of artificial intelligence provides another opportunity for investors in the tech space to make a long term bet.
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Bank branch closures to be looked at by parliament; opportunities for home buyers as rates rise; artificial intelligence the next frontier for investors; Jennifer Westacott to step down from the BCA; and what would you pay for Michael Jackson’s collection?
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Ryleigh Geddes
Publisher: Nine Radio
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In the era of rising rates, a slide in house prices could present good opportunities for those who aren’t suffering under mortgage stress.
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With massive labour shortage through 2022, there are signs more tradies are about, possibly leading to lower prices and shorter wait times.
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Banks hold off on lifting rates as anger grows on the rate hike; ANZ’s boss warns of mortgage pain; Boral’s profits soar; new recommendations for financial advisers; landlords asking for cover letters for prospective tenants; and Kate Hanrahan joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Ryleigh Geddes
Publisher: Nine Radio
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The government will listen to opinions on a 267-page report into financial advisers, which offered 13 recommendations to fix the industry.
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Bank net interest margins should benefit from higher interest rates, but analysts are beginning to worry about a pickup in bad debts if economic conditions deteriorate.
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Palpable anger was the mood after the Reserve Bank lifted the cash rate, so much so that only two of the “Big Four” banks pushed their variable rates up on the day.
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The RBA picks up where it left off and raises the cash rate to 3.35%; Australia continues its strong trade surplus; earnings from Transurban & Macquarie revealed; Buy Now, Pay Later in crisis as Openpay closes; and Henry Jennings joins the show for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Ryleigh Geddes
Publisher: Nine Radio
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Openpay has shut its doors, and after a woeful 2022 for BNPL services, it could signal more consternation in the sector.
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The market baulked at the decision by the Reserve Bank, losing 0.4% on the fear that there will be more to come.
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The Reserve Bank picked up where it left off from last year, lifting the cash rate by 0.25% to 3.35% and signaling more pain to come.
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The RBA is back from the summer holidays, and looks likely to lift rates; the ACCC to investigate banks savings rates; Nick Scali jumps in net profit; fuel tax credits on the chopping block; and Adam Dawes joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Ryleigh Geddes
Publisher: Nine Radio
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The Grattan Institute has called on the government to save $4 billion a year by making cuts to the fuel tax credit system.
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Nick Scali reported a big jump in its net profit, but investors are worried about a cut back in consumer spending, seeing the furniture company’s share price slide.
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The Reserve Bank looks set to raise rates again when it meets on Tuesday, with estimates showing rate rises have cost the average mortgage holder an extra $12,000 so far.
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The US Federal Reserve lifts rates again, but investors can see the light at the end of the tunnel; retailers concern as buying starts to slow in a rising rate environment; Tesla to share its superchargers in Australia; save some money by making some changes in your budget; and Tony Sycamore joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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A new personal finance book outlines how all of us can make some Easy Money by making a few changes to our budgets.
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The first cracks in the fight against inflation were shown with declining retail figures this week, sending a shockwave of concern through the industry.
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The local market followed the good fortune in the United States to close up again, now just 1.5% away from its record high.
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Investors can see the light at the end of the tunnel, and Jerome Powell’s words after the Fed’s interest rate decision had them jumping for joy.
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House prices continue to fall as interest rates bite; Users abandon streaming services; the US Fed ponders rate rises; Future Fund loses ground in the 2022 calendar year; an Australian company looks to shake up accounting for sole traders; and Scott Phillips joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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A new accounting software aimed at sole traders is taking paperwork out of the equation and allow more time for creativity.
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The US Federal Reserve will announce its next rate hike, with an increase of 0.25% the popular expectation.
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CoreLogic’s Home Value Index has fallen by another 1% over the previous month, meaning the house price slide is still on – but for how much longer?
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Retail spend plunges, but it won’t be enough to offset interest rate rises by the Reserve Bank; The fresh produce industry still facing challenges; Flight Centre gets a little luxurious; Female participation a key to unlocking labour shortages; and Evan Lucas joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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As the government continues to tackle workplace participation concerns, could the answer be to mix up the gender status quo in the workforce?
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Consumer staples companies had a better time on Tuesday as fears of multiple interest rate rises were eased by retail figures.
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Food production has been hit with flooding, labour shortages and rising energy costs, but will price rises ease this year?
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Jim Chalmers outlines his economic vision; Tax reform, productivity boosts, and the end to labour shortages on the Budget wish list for the Chamber of Commerce; One in eight people telling fibs on their mortgage applications; Insurers feel the heat as NZ floods; 40,000 Chinese students set to return to Australia; and Elio D’Amato joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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A decision by the Chinese government to ban online learning could see an extra 40,000 students arriving on our shores in the next month. Does this worsen the rent crisis, or help the labour shortage?
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After recent summers dealing with bushfires and flooding, Australia’s big insurers are facing even more woe with floods in New Zealand.
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A reduction in government spending could go a long way to helping inflation. That, productivity, and tax reform is on the wish list of the Chamber of Commerce ahead of the budget this May.
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Australia’s best and brightest in business are celebrated in Australia Day honours; fixed-rate mortgage holders to pay thousands more as terms end; school costs explode across government & private institutions; and with the Australian market closed, Michael Hewson joins us from the UK for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Ryleigh Geddes
Publisher: Nine Radio
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Education costs are going through the roof, with electronics, extra tuition, sporting costs & music lessons all impacting the household budget.
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Former boss of Telstra Andy Penn has been honoured as an Officer of the Order of Australia for his service to business & charity.
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Australia’s official inflation rises to its highest point in three decades; energy & gas prices start to fall from their peak; the downturn in house prices starts to slow; and Carl Capolingua joins us for the Market Wrap
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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House prices continued to fall through 2022, but there are signs that the downturn is starting to slow.
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Myer posted its best sales in 20 years, with the department store’s share price soaring up 5 percent on the news.
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Australia’s official inflation hit 7.8%, almost guaranteeing that the Reserve Bank will lift interest rates again when they meet in February.
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Australian manufacturing takes a hit after supply constraints and energy price rises; Myer posts its best sales figures in 20 years; Microsoft reinvests in artificial intelligence; Australian honey producers buzzing after a legal win; and Henry Jennings joins us for the Market Wrap
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Microsoft has doubled down on its investment into artificial intelligence, but how far away are we from technology eating into white collar jobs?
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Myer posted its best sales in 20 years, with the department store’s share price soaring up 5 percent on the news.
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Australian manufacturing has faced the challenges of rising costs stemming from energy hikes & supply chain issues, and is crying out for more local investment.
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Queensland leaving the states in economic performance; Jim Chalmers confident about inflation; food prices climb across supermarkets; used car prices set to tumble; crypto regulation on the cards for the government; and Rudi Filapek-Vandyck joins us for the Market Wrap
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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New data has shown that the price of used cars in Australia will keep falling throughout the year, after supply constraints jacked up the price in 2023.
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BNPL services could be back in favour with investors after a big day on the market for Sezzle.
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Population growth, a strong job market and demand for resources has seen Queensland jump to the top of CommSec’s latest State of the States report.
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Unemployment steady, but signs the economy is softening; More good news for savers; Rental listings down in December leading to a tighter market; Microsoft & Amazon lay off staff; Businesses to cut travel perks as recession looms; and Scott Phillips joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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With companies looking to reduce their wage bills as fears of a recession increase, the days of business travel could be numbered.
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Rental listings have fallen to their lowest point in almost 20 years, and with increased migration and a trend from the country to the city, Australia’s rental market could be facing a tight squeeze in 2023.
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The Australian share market jumped on the unemployment news, which was a surprise given the carnage on Wall Street overnight.
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The Bank of Japan bucked the trend of central banks globally and decided to keep interest rates on hold.
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The Bank of Japan surprises by leaving rates on hold; the BHP boss flag changes in mining; Landlord tax returns costing the ATO $1 billion; Moviegoers head back to the cinemas as blockbusters return after Covid; and Evan Lucas joins us to talk retailers on the Market Wrap
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Box office ticket sales for movies shot up again in 2022, with big blockbusters like Avatar 2 and Top Gun: Maverick helping to reinvigorate the industry.
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The government is losing $1 billion a year in tax from landlords who aren’t completing tax returns properly. Does the system need to change?
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Retail companies could have to adjust their expectations in 2023, as consumer spending is reined in.
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The Bank of Japan bucked the trend of central banks globally and decided to keep interest rates on hold.
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Consumer sentiment rises for the second month in a row; The Treasurer flags JobSeeker changes; Weaker economic growth in China; JB Hi-Fi rides a retail wave; No slowdown for construction costs; and Tony Sycamore joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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The construction industry saw rising material costs, huge labour shortages and hundreds of companies collapsing in 2022. The industry will be hoping to ease the pressure over the next 12 months.
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More strong retail numbers to start the year with JB Hi-Fi posting strong sales growth and profits in its half year results.
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The Westpac Consumer Sentiment Index rose for the second time in as many months, but is it only because the Reserve Bank took a holiday from rate rising in January?
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Good economic signs ahead for 2023; Mortgage holders start to refinance; More Chinese-built cars in the Australia market; Businesses push for more productivity; Food prices get lowered as inflation eases; and Elio D’Amato joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Most people have gone back to work over the last couple of weeks, but with CEOs worried about labour shortages, productivity has become an important topic.
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The Australian share market has had a barnstorming start to 2023, with the market now in reach of record high numbers.
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2023 presents a good opportunity to break out of the doom-and-gloom economic cycle of last year. And the signs are all there for a bumper year.
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The government passes its energy bill through parliament, with manufacturers pleased with the decision; Australian unemployment remains steady; more rate rises in the US; debt warnings for households before Christmas; and a special international version of the Market Wrap with Edward Croft.
Host: Luke Grant
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Heading into Christmas, there are many debt and spending pitfalls to avoid in order to give yourself a happy new year for 2023.
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Production delays will see iPhones be late to the Christmas party, lithium in demand, and Medibank runs into more hacking problems.
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The last few years in the UK have been a tough ground to invest, with Brexit, the revolving door of the Prime Minister’s office, and turmoil in Europe. So what looks good in 2023?
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The government expected to get its gas price cap through the parliament; a rise in the number of workers working multiple jobs; the top stocks traded in 2022; employers looking to consolidate their workforce in 2023; and Carl Capolingua joins us for the Market Wrap.
Host: Luke Grant
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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For Australian investors, 2022 has been the year of meme stocks, a lithium frenzy and a bubbling tech sector, according to numbers on Superhero.
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Just a year on from the Great Resignation, and Australian employers are looking to consolidate their workforce, with new hires & salaries expected to flatten in 2023.
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The release of the latest US CPI figures was a welcome sight for investors, with global equity markets rallying on the better-than-expected result.
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The government looks likely to get its energy plan legislation through parliament after negotiating with the Senate crossbench.
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A rise in consumer confidence heading into 2023; Australia’s largest gas companies fight back against the government’s price cap proposal; the Small Business Ombudsman looks to change insolvency conditions; and Henry Jennings joins us for the market wrap.
Host: Luke Grant
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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With small businesses suffering from a few years of tough conditions that weren’t their own fault, the Small Business Ombudsman is fighting for changes to insolvency laws.
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US CPI figures will set off moves on global equity markets, so will the ASX have another bumper day tomorrow as inflation lowers?
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Consumer confidence rose in Westpac’s latest sentiment data, pointing to green shoots for households ahead of 2023.
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The government’s gas intervention has producers furious, consumers cheering and economists scratching their heads; “rental auctions” in NSW go the way of the dodo; another builder goes into administration; and Adam Dawes joins us for the market wrap.
Host: Luke Grant
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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The New South Wales government will stop the practice of “rental auctions” as prices rise for renters.
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UNSW Professor of Economics Richard Holden and Ai Group Public Policy Adviser Tennant Reed give their thoughts about the federal government’s gas price intervention. Will a price cap work? Does Australia need more gas supply? Will businesses be better off?
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A warning is sounded for tech stocks in 2023, as increased fears about recession in the US starts to weigh on the mind of investors.
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The roller coaster of property prices expected to continue into 2022; Australians set to pay more tax than ever before; credit card usage through the roof; energy ministers strike a deal; and Scott Phillips joins us for the Market Wrap.
Host: Luke Grant
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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More and more of us are turning towards the credit card as cost of living pressures start to bite.
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The market slides for the third day in a row – the Santa Claus rally may have ended early, and it’s stoked by US recession fears.
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Domain’s yearly wrap has highlighted the roller coaster ride of 2022 in the property market. Will 2023 present better times for homeowners?
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National accounts for the September quarter show that Australia’s economy is still growing despite worsening conditions; China moves to ease restrictions on its Covid-Zero policy; banks pass on rate increases to mortgage holders; and Matt Nicholas joins us for the Market Wrap.
Host: Luke Grant
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Most banks have passed on the 0.25% cash rate rise by the RBA to mortgage holders, but new customers could cash in as banks seek to snap up loans.
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Movements in bond markets are dictating what happens on equity markets at the moment, with all eyes on what’s happening in the United States.
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The Australian economy grew by 0.6% in the September quarter, but there are signs on the horizon that economic conditions could be worsening into 2023.
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A Reserve Bank cash rate rise once again has mortgage holders reaching into their pockets and tightening their belts; Christmas becomes a challenge as cost of living pressures bite; the agricultural sector on track for massive output after La Nina rains, but that’s no good for Christmas trees; and Evan Lucas joins us for the Market Wrap.
Host: Luke Grant
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Consumers are turning to borrowing options to meet payments for bills, food and energy costs as prices rise ahead of Christmas.
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The rates decision sent the market into a downward trend today, as investors ponder what the future looks like.
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The Reserve Bank has lifted the official cash rate to 3.1%, the eighth consecutive month of hikes in a row. What does the mood for 2023 look like after this decision?
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Australian financial literacy is in a period of decline, with a HILDA survey finding basic money questions are causing problems.
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Restriction easing across China has led to boom times for iron ore producers in Australia, while the oil price climbs after the latest OPEC meeting.
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With the Reserve Bank poised to lift the cash rate for the 8th month in a row, there are worries that a Christmas tightening could be too harsh for many.
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Delays to production could see new iPhones not arrive before Christmas, Treasury looks to crack down on online travel accommodation websites, the gas price cap is debated, and the French baguette makes history! Plus as the US Fed Chair speaks, we’ll hear how that affects markets with Matt Sherwood.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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In a rising cost environment, how can people make changes to their personal budgets to attract more wealth, and keep it?
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The Treasury will be looking into the system used by online travel accommodation websites to bring better prices back to hotel operators & travellers.
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The US markets are the ones to watch as US Federal Reserve Chair Jerome Powell gives his first indication that rate rises might be slowing soon.
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Production delays will see iPhones be late to the Christmas party, lithium in demand, and Medibank runs into more hacking problems.
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Australia’s monthly CPI figure was down, but are we through the worst of inflation pressures and will the Reserve Bank halt their rate hike cycle? Plus, Australia spent $7 billion across the Black Friday period, so will that help retailers to survive? And Carl Capolingua joins us for the Market Wrap
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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An increased interest rate environment normally means more profit for the banks, but is that the case going forward as interest rates rise?
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Australians spent around $7 billion across the Black Friday and Cyber Monday week, but do we really have that much to spend?
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Australia’s monthly CPI figures dropped down to 6.9%, so does this signal a changing tide? And will the Reserve Bank hold off on further interest rate rises?
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Protests & lockdowns in China could bring on another economic slump, house prices across Australia could shoot up in 2023 by almost 7 percent, small business cries out for community support as cost of living pressures bite, and Henry Jennings joins us for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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Small businesses are relying on a big end to 2022 for their survival, as cost of living pressures and rising interest rates put a squeeze on margins.
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After a slump in the Australian property market across much of 2022, one prophet is predicting the market to sail by up to 7% in 2023.
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The world of cryptocurrency is falling apart like a house of cards, but should we be wary of investing in a bottoming market?
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Protests in China could put an end to the controversial Covid-zero policy, but further lockdowns could put the global economy on a knife’s edge.
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The RBA Governor apologises for his big call on rates heading towards 2024, the government looks likely to pass industrial relations reforms this week, worker burnout returns post-pandemic and Adam Dawes joins the show for the market wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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The pandemic era was blamed for widespread worker burnout, but a return to the office and a shift back to normality has not helped the problem.
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Reserve Bank Governor Philip has said sorry for a prediction that rates wouldn’t increase until 2024, as a review into the central bank gets underway.
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The government’s controversial industrial relations reforms look set to pass the parliament, but not without pushback from the business lobby.
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With protests breaking out over China against the government’s zero-Covid policy, how does this fare for our mining companies into the future?
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AGL shuts another gas power plant as energy becomes an issue in the Victorian state election, Black Friday shoppers could get more value from investing in stocks instead, Australia leads the Asia-Pacific in digital agility, and Scott Phillips joins the show for the Market Wrap as Kogan crosses its fingers for a bonanza sales period.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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With Black Friday around the corner, it might be better to hit the stocks, not the shops.
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Australia is leading the Asia-Pacific region in workplace digital agility and transformation.
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Black Friday sales could be the make or break for companies like Kogan, which are well down in business from the peak of the pandemic.
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AGL will shut down its gas power plant in South Australia, but a new floating LNG import terminal could go some way to solving the east coast’s energy problems.
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The Reserve Bank of New Zealand goes hard with another 0.75% rate hike, the travel sector is back in business as Qantas upgrades its earnings forecast, Black Friday sales cement a spot in the Australian retail calendar, and Matt Nicholas joins the show for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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A huge uptake in consumers & retailers in recent years means the appetite for Black Friday sales in Australia is there. Do harsher economic times present a problem this year though?
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An earnings upgrade for Qantas could be the biggest piece of the puzzle to fall into place that suggests the travel industry could be back.
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There’s a drive towards renewable energy in all areas at the moment, but coal companies like Whitehaven and New Hope continue to perform strongly.
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New Zealand has lifted its cash rate by 0.75% to deal with its inflation problem, so could Australia follow at a similar rate?
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Opportunities for Australian business in Asia to flow after the PM’s trip to Asia, calls for changes to the banking sector to help protect from financial abuse, investors' eyes light up as property prices plunge, and Evan Lucas joins the show for the Market Wrap.
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Declan Helmore
Publisher: Nine Radio
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A falling property market might be bad news for a lot of homeowners, but it could present an opportunity for first home buyers and investors.
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Financial abuse is becoming a leading cause of domestic abuse in Australia, prompting a new report calling for change by the banks.
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The signs are showing of a slowdown, with some of the largest companies in the world preparing for tougher times.
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The Prime Minister has finished a tour of Asia, but what came out of it for Australian business and will tariffs imposed by China be eased any time soon?
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A quiet day on the market, with lithium stocks having a downward day.
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A new paper from the Treasury has proposed changes to the “buy now, pay later” service space that would bring it in line with other credit services.
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The ACCI has launched a campaign pushing back against the ramming through parliament of the government’s industrial relations laws.
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The collapse of Deliveroo in Australia has posed the question about whether ‘gig economy’ companies can survive as belts are tightened with rising interest rates.
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A steady week on the market could indicate that investors are getting more security about economic conditions for 2023.
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The unemployment rate fell to 3.4% again this year, with wages and industrial relations reforms weighing heavily on the minds of businesses.
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With hospitals being far too expensive and labour intensive to whip up in a crisis, the next best thing might be the exploration by health departments into modular spaces.
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The market fell for the third day in a row, but there was a rebound for the price of nickel, iron ore, copper and coal.
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The International Monetary Fund has declared that Australia “is expected to steer clear of a recession”, but the country isn’t out of the woods quite yet.
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Thousands of people are withdrawing their money from Crypto.com following the fall of FTX. Could this be the beginning of the end for crypto?
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The Australian share market was steady for the second day in the row, but will Anthony Albanese’s meeting with Xi Jinping give more hope to the market about better trade
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Mike Cannon-Brookes is celebrating after four of his supported directors made their way onto the board of AGL at its AGM.
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Property prices continue to fall, with half a trillion dollars of value wiped off Australian houses since April this year.
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The chance of better fortune out of China in its efforts to deal with Covid could hint as a better future for Australian companies.
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The government will tread carefully at the G20 summit, as it looks to relieve domestic energy price pressures, while still honouring its international agreements.
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Despite a gloomy outlook, there’s predictions that another 1.2 million jobs in the tech sector could be created before 2030.
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Cryptocurrencies including Bitcoin are feeling the crunch again, with prices dropping by almost a quarter this week.
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A big day for Origin energy, who became the subject of a surprise takeover bid, sending its share price jumping.
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Medibank customer data has been posted to the internet following the cyber attack on the company.
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The ATO has made changes to reporting working from home expenses, lowering the rate to 67 cents per hour worked.
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The ASX reached a two-month high, with earnings from major companies dominating the market news.
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NAB was the final of the Big Four banks to report its earnings, but what is the outlook for the banks with tougher economic times ahead?
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Consumer sentiment has crashed to levels only seen previously amidst the height of the pandemic, and during the Global Financial Crisis.
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Small businesses could look towards Asia to see off any economic disruption to their operations.
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The market continues to head towards the 7000 point mark, but will midterm elections & CPI figures in the United States halt the charge?
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The federal government is being pressured to make changes to the superannuation system, which would cap tax concessions at $5 million.
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The ACCC are calling for great scam and fraud awareness, in the wake of cyber attacks on big Australian companies including Optus & Medibank.
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The Australian market keeps climbing towards the 7000 point mark, with Westpac reporting profits of $5.3b for 2021-22.
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Australian property sellers are finally starting to accept that the drop in house prices is real and here to stay, but could they lose as much as 40 or 50%?
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Australian company directors have until the end of the month to register for a Director ID with the ATO, designed to stop illegal phoenix activity.
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A loss was felt on the ASX today following the US Federal Reserve decision on rates overnight, but that doesn’t mean investors shouldn’t be put off by volatility concerns.
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The government continues to struggle for an answer to Australia’s energy problems, but what mechanisms would be best available to deal with the problem?
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An Australian company involved in concussion technology has signed a deal to provide its program to the English Premier League
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All eyes are on the US Federal Reserve to see whether another large rate hike goes on to affect the local market tomorrow.
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There are major worries about a mortgage cliff facing those who fixed their home loans at historically low levels.
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Potential government regulation on the BNPL industry could be another blow for companies that have shed value through 2022.
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The Australian share market shot up again to approach the 7000 point mark again.
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The RBA moved its cash rate up by 25 basis points to 2.85%, continuing its cautious approach to monetary policy.
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Australia’s share market ended up 6 percent for the month of October, but all eyes are on the RBA’s rates decision tomorrow.
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The price of iron ore has slumped to under half its March peak, as demand from China has an impact on the market.
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Central banks will make moves this week again to see off inflation, but there are predictions that the United States is headed for a likely recession.
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Australia faces an epidemic of scams, a daily barrage of dodgy texts, phone calls and emails from anonymous cyber criminals and con artists, domestic and abroad.
Financial losses are doubling year on year but the true cost of scams amounts to more than lost dollars, with emotional damage inflicted on individuals, families and businesses.
Law enforcement authorities concede we cannot arrest our way out of this problem; education is key.
Understanding how scammers target us is the first step towards recognising a scam in the wild and taking the necessary steps to stop it in its tracks.
Hosted by Deborah Knight, Anatomy of a Scam is made in collaboration with CommBank. Stay CommBank safe with services that help protect you from scams and fraud 24/7.
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There are worries for Mark Zuckerberg’s rein as chief of Meta – the parent company for Facebook – after the company’s earnings were worse than expected.
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Under 40s looking to make it rich should plunge their time into tech careers, or make it big in the sporting & entertainment worlds according to the AFR Young Rich List.
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ANZ posted a profit of $6.55 billion over the last year, with growth in its home loan book signalling better times ahead for the Big 4 bank.
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There’s pushback against a Labor budget mechanism that has seen them break a promise not to touch the franking system.
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The federal budget & CPI data didn’t stop the market from recording its third day of positive growth in a row.
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Australia’s CPI rose to its highest point in over 30 years, hitting 7.3%. These numbers will put further cash rate hikes directly in the minds of the RBA Board.
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Listen to the full budget coverage with Luke Grant, John Stanley, Tom Elliott and Scott Emerson.
Directly following the speech, they are joined by:
- Matt Grudnoff, Senior Economist with the Australia Institute
- Andrew McKellar, CEO of the Australian Chamber of Commerce & Industry
- Jim Chalmers, the Federal Treasurer.
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Australians have been warned to brace for energy price hikes of up to 20 per cent.
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The Shadow finance minister has criticised Labor’s spending priorities in tonight's federal budget.
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Labor's first federal budget in a decade has been handed down.
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The quarterly State of the States report by CommSec shows that Tasmania has the strongest performing economy, closely followed by Queensland.
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A campaign to get people back to main street retail has been launched between Mainstreet Australia and the Victorian government.
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Big gains today across the Materials sector as Australian commodities and resources remain in big demand.
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Will technology and innovation to prevent fraud and scams be able to keep up?
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With employment numbers not as strong as previous months, will investors start to cool on fears of a global downturn?
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Days out from the budget, and Labor will look to recoup tax from multinational corporations a highlight of its budget
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Luxury retail spending keeps increasing despite difficult times ahead, driven by Gen Z & Millennial shoppers.
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Another rise on the ASX put it to a two-week high position, with increased demand for lithium sending those companies soaring.
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Three summers of La Nina weather patterns could signal a rise in insurance premiums.
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The skills shortage hasn’t been solved by the Jobs Summit, with company directors finding labour shortages a bigger current problem than rising inflation and interest rates.
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The Australian market clawed back more ground today, but for gold miner St Barbara it was a different story.
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The RBA has signalled that rising rent costs will be part of the inflation problem heading forward, as vacancy rates stay low.
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New parental leave conditions will see parents get 26 weeks, but focus is on whether it should be split more evenly between the mother & father.
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Tougher times on the Australian market after a big day on Friday. The local bourse followed losses on Wall Street, with every sector finishing in the red.
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Star Casino will be fined $100m and have its licence suspended, but won’t be allowed to fail following a damning review of its operations.
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Further cyber attacks on Australian companies have heightened the need for caution, with new Commonwealth Bank figures showing that the average person receives 250 scam attempts against them every year.
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The local market had a strong day, with every sector finishing in the green, as the Bank of England steps in on UK bonds.
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NAB’s Consumer Sentiment survey says most of us are expecting fuel, groceries & utility costs to keep rising before the end of the year, as retailers prepare for a record-spending Christmas.
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The superannuation industry is feeling threatened as the government looks to repair the budget by an increase in revenue.
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Another flat day on the market was put down to the wait for US CPI data, while the Aussie dollar continued to slump.
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Bank of Queensland’s profits rose over the past year by 15%, but the boss of the bank thinks that there will be tougher times ahead.
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Trials are underway to see if a 4-day work week is more effective for productivity and work-life balance.
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The Australian sharemarket fell again, but most investors are waiting on the US CPI figures later in the week before acting.
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With energy costs rising that’s bound to have an impact on inflation, and it’s something the Reserve Bank can’t simply raise rates to fix.
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The NSW government will introduce legislation into parliament that could see first home buyers given the option of choosing between stamp duty and an annual land tax payment.
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The market dived today, but is awaiting the result of US CPI data later in the week for more surety.
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The AFR’s Energy & Climate Summit has heard that power prices could rise by 35 percent in 2023, sending fear through energy-intensive industries.
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The ASX has performed well this week, but a more volatile market means that investors will have to be smart to get the most gains against headwinds.
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Martin Nguyen joins Luke Grant on Money News.
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A decision by OPEC to cut the production of oil by 2 percent could lead to another uptick in the price of fuel here in Australia.
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California has passed a law requiring employers to post salary ranges on job listings, but should Australia follow?
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The share market had its best 2-day performance since the pandemic hit, with an interest rate slowdown contributing.
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The big four jumped at the opportunity to put up their variable rates by the full amount, but it wasn’t as good news for savers.
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Labor will present its mini-Budget in 3 weeks time, and many have called for the repeal of Stage 3 tax cuts, legislated to start in 2024.
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A strong performance on Wall Street followed by better than expected news on interest rates sent the Australian market into its best single day since 2020
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The RBA moved the cash rate higher for the 6th month in a row, but by moving just 25 basis points it has signalled that the hardest of the rate moves have already been made.
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Optus has called in consulting firm Deloitte for an external review into the way it handled cyber security.
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A public holiday for most of the country led to a quieter day on the local markets, but most investors are also waiting to see what happens to the cash rate tomorrow.
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House prices across all metro areas are starting to fall as the reality of consecutive large rate rises sets in. With more expected tomorrow it could be until 2023 that the housing market bottoms out.
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Identity fraud is in the spotlight following the hack of Optus, but luckily there are ways to protect yourself.
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The local market had a strong day, with every sector finishing in the green, as the Bank of England steps in on UK bonds.
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Labor is facing tough decisions as the budget looms in less than a month. Plus new competition laws will help to ease cost of living concerns.
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Camplify has cornered the market for rental caravans, but there’s lessons to be learned for startups as economic headwinds approach.
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The market dropped again on Wednesday, with investors put off by the threat of more rate hikes from the Reserve Bank following strong retail spending.
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The Treasurer is still pouring cold water over the economic narrative, with no hope of a return to budget surplus any time soon.
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A report by the Productivity Commission has found Australia is well behind when it comes to innovation, which is important for discovery and advancement in the healthcare field.
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A positive day on the market, with the miners again leading the way, but there’s still a long way to go before the pain ends.
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Surging commodity prices have added to the budget, and given Australians a sense of security. If a recession is to strike, will commodities once again be the saviour of the nation?
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The breach of Optus data has sent a shockwave through Australian business, but the government will have to act to step up cyber security protocols.
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The ASX followed the lead of international markets, dropping by 1.6% led by losses across the Energy & Materials sectors.
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A budget promising to cut taxes in the UK has sent investors running for the hills, with the Stirling sinking like a stone.
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More Australians are relying on the internet for shopping, and are trusting electronic devices to complete payments on their behalf.
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Australian investors aren’t being put off by market volatility and are looking overseas for the next wave of opportunity.
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Australia’s markets are closed, but are expected to react strongly to the decision by the US Fed to lift its interest rates when the market reopens on Friday.
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With insolvencies on the rise, the risk of illegal phoenix activity – where a company creates a new entity to protect assets – is also increasing.
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Australia’s market is led by what happens in the United States, so with a looming rates decision it lost ground.
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Despite shaky conditions in the construction & manufacturing industries, Brickworks were able to weather the storm and post a profit of $854 million.
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Smart insurance products are offering discounts for low product users, but it could mean accepting more technology and data-tracking in our lives.
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A bounce on the Australian share market was driven by results on Wall Street, with the local market awaiting interest rate announcements by central banks in the US, UK & Japan this week.
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The government announced an extra $50 billion would go towards the budget bottom line off the back of increased revenues and lower spending, but the fuel excise cut wouldn’t be here to stay.
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The pandemic has changed how, when and why we move throughout the city and it created both a challenge and a unique opportunity to redesign our urban landscapes.
On any given day, as many as two million workers no longer commute into the city for work, swapping the inner city for the suburbs.
As employers and employees battle over return-to-office policies, city spaces are being rejuvenated for more flexible work practices.
Featuring demographer Simon Keustenmacher and Committee for Sydney CEO Gabriel Metcalf.
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Investment scams are costing Australians $2 billion a year according to the ACCC. Crypto currency fraud is on the rise as first-time investors are targeted.
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The Energy sector pulled the Australian sharemarket back from the brink, led once again from a strong performance from coal companies.
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An unexpected rise in the unemployment rate to 3.5% could have an impact on the next RBA cash rate decision. An influx of immigration for workers could also put pressure on the rental market.
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An Australian company is behind a new mining technology that uses imaging to increase the efficiency of mining sites.
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Australian small businesses only have a week remaining to register their websites before new domain name regulations come into place.
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The market plunged following the CPI results in the United States, but still only leaves the market where it was last week, and well above the low point of June.
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For thousands of years, humans have flocked to cities, choosing the hustle and bustle over life on the land.
But the pandemic forced workers to abandon the CBD and work remotely, causing profound changes in how, when, and why we move through these complex urban environments.
In Megatrends: Future Cities, we examine the forces at play as we redesign cities to make them more efficient, more resilient, more sustainable, and more liveable.
Will workers return to the CBD? How will we travel from A to B? Are Smart Cities the answer? And what good is any of this if people can't afford to live there?
Megatrends: Future Cities is powered by Optus - Search Optus Business Mobile Plus. Great business starts with “Yes”.
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Listen to Money News with Luke Grant, the full show podcast.
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New consumer confidence data shows that while sentiment is starting to turn, more people than not are pessimistic about the outlook for their household.
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Small businesses are preparing for the extra cost of another public holiday, adding to the economic concerns they face.
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The ASX200 climbed back over the 7000 point mark, with the market awaiting data from the US on its latest CPI figures.
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Sydney’s Star Casino faces losing its licence after a damning report by the NSW Casino Commission.
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All the major banks have now passed on the RBA’s cash rate hike, and that’s led mortgage holders in the outer suburbs of big cities to look towards refinancing as pressure increases.
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The sharemarket continued to rebound after a poor August, but US inflation data out tomorrow could change the outlook.
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Inflation may be starting to turn the corner, but will a pivot away from China’s thirst for Australian resources set a whole new set of economic challenges in our path?
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The government removed its business loan scheme at the end of the financial year, but the CPA is calling for Labor to seize the opportunity to help SMEs in the October budget.
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The ASX lifted on the notes of the Reserve Bank governor, finishing on its third largest daily gain in 2022.
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The government has proposed a bill that will offer incentives to pensioners to downsize their homes.
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Restaurants have felt the impact of a couple of poor years, and their survival might depend on meeting the challenges of risings costs and labour shortages.
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Australia’s energy stocks felt the pain today being affected by overseas oil prices.
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Australia’s national accounts have again grown, rising 0.9 percent in the June quarter. But Australia’s Treasurer is still not prepared to celebrate the good news.
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Small business will ride the next set of rate rises, with labour shortages still the number one focus.
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Woodside has moved to supply the European market with LNG, as the northern hemisphere struggles with energy supply heading into winter.
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The official cash rate was raised again by the Reserve Bank to 2.35%, taking Australia back to levels not seen since 2012. But when will the lag arrive?
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Smart insurance products are offering discounts for low product users, but it could mean accepting more technology and data-tracking in our lives.
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Europe’s energy crisis could be good news for Australia’s energy exporting companies.
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Interest rates are set to rise again tomorrow, and a slow down in investor activity could signal the start of bad times within the rental market too.
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CoreLogic’s house value index dropped by 1.6 percent in August, the largest drop in almost 40 years.
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The Summit’s focus on skills will need to take into account the number of white-collar professions also struggling to train and recruit adequate workers.
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The first day of the Jobs & Skills Summit has wrapped up, with one of the big talking points being the government’s move towards offering multi-employer bargaining.
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How do you build a well-paid, secure workforce in the era of intelligent machines?
The rapid rise of digital technology created roughly as many jobs as it destroyed but the arrival of AI is a game changer.
Improving digital skills and boosting jobs in the tech sector is one way to address this seismic shift in the labour force.
Sam explores how this can be achieved with Tech Council of Australia CEO Kate Pounder, and carsales.com MD Cameron McIntyre.
Thanks to Salesforce - visit salesforce.com/360
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Listen to Money News with Luke Grant, the full show podcast.
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Listen to Money News with Luke Grant, the full show podcast.
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Listen to Money News with Luke Grant, the full show podcast.
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Listen to Money News with Luke Grant, the full show podcast.
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Listen to Money News with Luke Grant, the full show podcast.
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Listen to Money News with Luke Grant, the full show podcast.
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Listen to Money News with Luke Grant, the full show podcast.
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The big 4 banks pass on the full 0.5% interest rate hike to customers, while superannuation accounts could also be affected.
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Australia’s share market climbed above the 7000 point mark for the first time in months, led by strong performances in the tech sector.
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Labor’s emissions reduction legislation has largely won the support from business groups, but there are still concerns about keeping the cost of energy low.
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With the big 4 banks still quiet on whether they’ll pass on the latest cash rate rise, it's savers that should be worried, with most banks not passing on full rates.
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The Australian market has continued its strong start to the 2022-23 financial year, but there’s still mystery over when central banks might start to ease off rate rises.
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If tension between China, the US & Taiwan boils over, it could have a huge fallout for the world economy and Australia could be wedged in the middle.
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A motion by Independent MP Rebecca Sharkhie in parliament on Monday could get the ball rolling on changing the aged pension income test, allowing older Australians back into the workforce and solving our labour shortages.
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Flexibility for small and medium enterprises is allowing business to take place on the road and via a single phone.
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The Reserve Bank confirmed a lift to the official cash rate of 50 basis points to 1.85%. This will put more people into mortgage stress, but questions will be asked as to whether the RBA has gone hard enough in its pursuit of controlling inflation.
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Zip has implemented its own domestic violence leave policy as the Albanese govt looks to do the same. Also, reports of a BNPL death have been greatly exaggerated.
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Good results for Kelly & Partners as businesses continue to recover from the lockdowns in the first half of the last financial year.
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The Australian share market continued its strong start to the 2022-23 financial year.
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Australia’s LNG producers were put on notice after a ACCC report found the national energy market is predicted to have a gas shortfall in 2023.
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Data is the oil of the 21st century but its value isn't unlocked until it is refined.
So, if data is the new oil, data analytics is the new internal combustion engine.
Powerful software systems allow businesses to refine customer data, transforming raw information into deep insights and actions.
Brooke and Sam drill into the digital data refining process with Salesforce's John Moran.
Thanks to Salesforce - visit salesforce.com/360
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Financial literacy is important for our children, and a new book looks at how teenage girls can benefit from good financial advice.
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With rates continuing to climb, and more expected next week, Australians are turning away from fixed-rate loans.
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The Australian market rose to 6-week highs off the back of the rates set by the US Federal Reserve.
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Inflation concerns have hit construction costs, with the sector now calling on the government to step in and stop a potential collapse of the industry.
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Warnings that electric vehicle takeup in Australia could be slow if the government doesn’t move quickly.
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With inflation figures better than expected the market climbed again, but all eyes will be on what the US Fed does with its cash rate overnight as fears of a recession mount.
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Headline inflation hit 6.1% as Australia grapples with a cost of living crisis. We’re not yet at the top of the cycle, so there’s still a lot more pain to come.
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CommSec’s State of the States report has put Victoria at the top of the rankings, with strong retail & employment figures leading the way.
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A collapse of a Victorian on-demand delivery company highlights the volatility of these new industries in an era of rising costs.
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The outlook for Flight Centre looked good as it upgrade its earnings guidance.
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Santos’ Gladstone LNG project doesn’t want to be on the hook to save Australia’s domestic gas supplies, as Victoria continues to deal with its shortages.
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Welcome to Life 3.0, where science fiction becomes reality as humans co-exist with intelligent machines.
The rapid rise of Artificial Intelligence will inject $16 trillion into global GDP by 2030, causing mass job disruption - and some job destruction - as computers and robots take over the Four D's: the dirty, the dull, the difficult, and the dangerous.
AI is learning how to learn, but is it self-aware? What is the difference between mimicry and creativity? And while some jobs are under threat, which jobs are safe from the rise of AI?
Brooke and Sam explore this frontier with one of the world's leading AI researchers, Scientia Professor Toby Walsh from the UNSW School of Computer Science and Engineering.
Megatrends is supported by Salesforce - visit salesforce.com/360
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Australia’s meat & livestock industry is threatened by foot and mouth disease – a potential $80 billion cost to the economy.
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The market had its best day for a while, with many bullish about what’s ahead.
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The Treasurer confirmed plans for an independent review into the Reserve Bank, with calls for the bank to have greater accountability.
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Rio Tinto has completed a $1 billion settlement with the ATO, paying an extra $613m after a dispute. Plus, will ANZ’s takeover of Suncorp be good for competition, and what impact will a foot and mouth outbreak have on Australia.
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Super Consumers data suggests a low-spending retiree could survive with just $88,000 saved.
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No signs of a retail slowdown yet, with JB Hi-Fi expecting record numbers for the last financial year.
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Will Australians be able to cope with a string of interest rate rises expected before Christmas?
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Iron ore prices have tumbled under $100 a tonne off the back of lower demand, while the oil price has shot up again.
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ANZ’s takeover of Suncorp has some smaller banks questioning the move, worried about the lack of local focus for Queensland in the banking sector.
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ANZ’s $4.9 billion bid to takeover Suncorp has been announced, shoring up their loan book. But the company will face scrutiny from the ACCC on whether or not the move is good for competition.
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We live in the digital age, the information age, the era of Big Data, where technology is central to so many aspects of life and business.
Technology can be a disruptive force but it also drives change and innovation, creating more modern and efficient businesses... and more satisfied customers.
But if you think technology is what lies at the heart of Digital Transformation, think again.
Forrester's Michael Barnes and CBA's Will Mailer share valuable insights on the true driving force behind Digital Transformation, the megatrend that keeps on keeping on.
Visit salesforce.com/360
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Interest rates are climbing, but getting a home loan when you’re over 55 is hard when banks don’t want to lend to you for a 30 year period.
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With labour shortages highlighted by strong jobs numbers, business groups are again calling for overseas workers to fill the gap. But rents could go shooting up again, with strong demand already in place.
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Economists are predicting Australia’s interest rates could climb by 75bps when the Reserve Bank next meets, of the back of strong jobs numbers that saw unemployment drop to just 3.5%
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A list of 350 Australian super funds has found the most consistent performers over the last 20 years.
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Subscription models and the new hot thing of business, but are car accessories really going to be the next thing we sign up to?
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A raft of fears around the reintroduction of Covid restrictions has highlighted the importance of work to see off cost of living challenges.
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Despite a scary outlook on mortgage pain, the data shows that interest rate rises are making that much of an impact.
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Increasing fears of a worldwide recession reflected in the downturn in consumer confidence.
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With labour shortages keeping businesses unhappy, a fight over migration numbers is expected at the Jobs Summit. Plus, we could be headed back to Covid mandates.
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Finfluencers have been offered a licensing lifeline after a crackdown by the financial regulator. But the bigger issue is getting financial advice out to all.
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Zip Co lost another 5%, down 94% over the last year. It’s bad news for the Buy Now, Pay Later industry which is facing pressure amid rising interest rates.
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Rising Covid cases have business leaders worried about government restrictions all over again. Plus, Anthony Albanese confirms his government’s jobs summit.
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With a rise in the cost of living, employees are looking for how to get the most when negotiating their salary in the current market.
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The closure of AdBlue manufacturing means there’s fears the trucking industry may not have enough access to diesel fuels.
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The ASX200 rose 0.81% off the back of good results from the resources sector.
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Blackstone has made its first move in the battle to restore the reputation of Crown Resorts, appointing a new CEO & Chairman to the embattled organisation.
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European governments are now factoring in working from home as part of their official tax programs, so the nature of the workplace has changed forever.
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A mixed day for the share market with the Real Estate & IT gaining upwards of 3%, but energy & commodities sinking like a stone.
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The big banks passed on the full effect of the RBA’s cash rate hike, but as mortgages increase it could be renters which are the next group of Australians to feel the impact of the decision.
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The sharemarket responded to the RBA cash rate increase in positive fashion, but not all sectors were happy.
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Soaring electricity costs have added more input to Australian manufacturers, but could allow them to compete on a global scale.
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The RBA lifted interest rates for the third month in a row, with the official cash rate climbing by 50 basis points to 1.35%. The sharp moves made to tackle soaring inflation.
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Australians were scammed to the tune of $2 billion in 2021, but Commonwealth Bank will be introducing AI to help protect its customers from getting defrauded.
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The Aussie dollar fell to 2-year lows, while the RBA prepares for its third rate hike in a row on Tuesday, but might be cutting in 2023.
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Australian Super investors saw a negative return for the first financial year since the GFC, but the industry is still performing strong after 30 years of compulsory super.
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The Fair Work Commission’s increase to wages comes into effect on July 1, with some hospitality groups opting to forego the 3-month extension offered on award wages.
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Supply chain issues across the world have meant fleet companies have had to rethink how they operate.
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The Australian share market lost 10.2% of value over the last financial year.
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Commonwealth Bank lifted its fixed rate mortgages by 1.4%, with all eyes on the RBA next Tuesday to see if they’ll go with a hard rate rise again.
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Freeing up Australia’s immigration system could be a key to unlocking the labour shortage problem.
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Strong retail figures today meant Australia’s share market was nervous about the chances of a large rate hike from the Reserve Bank on Tuesday.
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Chris Bowen has locked in Labor’s 43% emissions reduction target in an address to the national press club today.
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Businesses in regional areas are suffering the post-pandemic blues, with the sugar hit of tourists slowing down and causing pain.
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The sharemarket rose for the 4th day in a row, with the energy sector the strongest performer.
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The pressure of inflation has sparked a war on wages, but the numbers might not be telling the full picture, and things could be better than they seem.
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With labour shortages and the enticement of full-time time wages without crippling debt, young people are choosing to work over studying at university.
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The Australian market rebounded strongly from recent losses, up by another 2% today.
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The second lot of interest rate rises have been passed on by the banks, meaning it could be the worst time possible to buy or sell a house.
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Crypto's hot streak has ended and a freezing cold winter has set in, with losses topping $2 trillion and counting. There was always a threat the crypto bubble would burst and no shortage of people saying 'I told you so,' including Chris Joye from Coolabah Capital. Others are looking through the losses and focusing on how to keep building this Megatrend, including Michael Addison from Tasmanian Data Infrastructure, with his plan to build a new bitcoin mine on the site of an old lead and zinc mine.
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Woolworths says there’ll be shortages across a wide range of fruit and vegetables on their shelves, but smaller chains might not be affected so much.
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After this month’s jumbo rate hike, spending has fallen by 2.8% in the first 19 days of June.
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Following fears of a US recession, oil and iron ore prices have slipped back.
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There’s no end in sight to Australia’s trade standoff with China, but wine exports have diversified in their attempt to overcome.
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A new Food Industry Alliance has been formed to help independent farmers, grocers, butchers, etc to deal with inflationary pressures and supply chain issues.
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Recession fears are swirling across the world, and that could have an impact on Australia in the long term.
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A decision by the Qld government to introduce new coal mining royalty tiers has left the industry in shock and angry.
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The ATO will be targeting the tax deduction claims of small businesses and sole traders as the financial year draws to a close.
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NSW’s changes to stamp duty for first homebuyers in the state budget may not make life as easy as first thought.
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RBA Governor Philip Lowe doesn’t think Australia is headed for a recession despite dire warnings.
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The government has confirmed a review into the Reserve Bank of Australia will be independent, making way for changes.
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A report by the Energy Security Board has placed coal & gas at the forefront of Australia’s energy transition.
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Australia’s share market is headed for another turbulent week after losses last week.
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A joint-state decision on childcare opens the door for an increase in women rejoining the workforce.
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The US Fed hiked its interest rates by 0.75% overnight, and is expected to have flow on effects to the Australian economy.
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BHP is deciding to close its Mt Arthur coal plant in 8 years time, wedging the NSW govt about what the future of coal looks like in a low-emissions environment.
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Westpac’s Consumer Confidence dropped 4.5% to 86.4 points today, the 7th drop in a row, and the lowest point since April 2020.
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The Fair Work Commission decision today to lift the minimum wage by 5.2% will add more pressure to small businesses which are already dealing with rising costs.
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The energy market operator took the extraordinary step of suspending the national energy market as the energy crisis continues.
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The price of cryptocurrencies are plunging, and investors aren’t seeing the quick money they had hoped for. Have we been conned?
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Australia’s energy crisis continues, with blackout warnings for the southern states added by the AEMO.
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Australia’s share market tumbled - losing $82b today after the long weekend, which followed overseas losses on Wall Street.
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The NSW government has proposed clearing stamp duty from their budget to instead implement a land tax.
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The energy market has no quick fix, but plans to build a pipeline from the west coast to the east might help the future.
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Australia’s markets are closed, but are heading for dire times on Tuesday after international markets slid heavily.
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Tax time is just around the corner, with the ATO expected to crackdown on work expenses and crypto gains in the 2021-22 financial year.
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Off the back of cash rate rises, Macquarie Banks are looking to savers to improve their loanbook.
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The blame game has started over Australia’s energy crisis, but this isn’t lowering prices. So it might be our industries, including dairy, that wear the costs for a lack of long-term planning.
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A wave of apartment blocks in inner city seats may have swayed the election results, but do young people have any other option?
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The move by the RBA to increase the cash rate quickly has left many pondering if there’s more on the way and if a riskier set of economic events are about to play out.
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The rise in interest rates has presented a double-edged sword to the construction industry, which needs a short-term slowdown, but long term building to continue
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Savers hardly felt the last interest rate rise, but the shock rise today might mean they’ll be better off this time.
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The Australian market dropped like a stone following the unexpected rate hike by the RBA.
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The Reserve Bank has lifted the official cash rate by 0.5%, the largest single jump in more than 20 years.
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Australians lost money to cryptocurrency scams at the rate of $1m a day across the first 4 months of 2022.
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The rising price of gas will be taken into account when the RBA meets tomorrow.
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The housing market is slowing, and old listings are rising sharply in Sydney and Melbourne.
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The Prime Minister’s trip to Indonesia has signalled a new era of business & trade with our neighbour, and the heavy hitters have followed.
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Since the COVID-19 pandemic forced workers around the globe to work from home, it's triggered an evolution for workplaces.
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AGL’s plans for a demerger have been scuttled, sending half the board as well as the CEO & Chairman packing. This shake up is the first move in the war that will bring energy & climate policy to a head in Australia.
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Despite Mike Cannon-Brookes promising his plans would make electricity cheaper in the long run, there’s significant pain in sight for energy prices, and therefore consumers. Listeners' concerns are put to the billionaire.
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Some sectors are bound for growth following Covid, which is good news for business, and the 2032 Olympic preparation is presenting opportunities in Queensland.
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The AFR has published their Rich List for 2022. Gina Rinehart tops the list with $34b of wealth, while the youngest Rich-Lister is just 25 years old.
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The pandemic has created more flexibility for people to work at home, and business has had to offer different leadership and technology solutions to adapt to the change.
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Energy prices have risen, and while household budgets will feel the pain of the price rises, so will business. Under inflationary pressure already, it’s likely they’ll end up passing the costs onto consumers.
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Another hit for tech stocks today, and there could be more to come. It seems investors are still facing risks everywhere they look.
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Anthony Albanese has flown to the Quad meeting as the world’s leaders look to counteract China. Meanwhile President Xi faces his own problems as his Covid-zero restrictions are sending the Chinese economy backwards. These both could have huge flow on effects for Australia.
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The health sector has changed following the pandemic, so small business is looking to respond to the needs of patients in a post-COVID world.
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How did the share market react to the change in government? Or do investors not really care at all…
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Small business is gearing up for a fight with unions as Labor comes to power, all while they keep recovering from the impacts of the pandemic.
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Labor’s next challenges also include dealing with China and tackling the housing crisis. They might need to look to the regions for help.
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Labor has taken power and will pursue a new economic agenda over the next four years. How hard a job will it be for them?
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The collapse of the Luna-Terra stablecoin sparked a trillion-dollar sell-off across the entire crypto landscape. It's the fifth time in 12 years the cryptocurrency market has plunged by more than 30%. In the past, crypto has risen from the crashes and time will tell whether this time is different. Swyftx experts Tommy and Pav join Brooke and Sam to discuss how crypto's latest reset will affect its mainstream adoption.
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Jobs figures are at record lows of 3.9%, but business leaders are still crying out for solutions to fix the skills shortage in Australia.
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The travel sector is bouncing back and online bookings company WebJet is see the turnaround after they delivered their March 2022 numbers.
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The Australian share market followed Wall Street with big losses today.
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But some businesses are not finding it as hard, and are looking to local skills training and offshore recruitment to fix the shortage.
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Four days in a row of ASX gains means the market could be showing signs that the pain is all over.
Andrew Twiggy Forrest is back on the tools at Fortescue
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Wage figures show Australians are going backwards, and one thing that isn’t being talked about is productivity. Can this solve our wage problems?
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Australian energy companies are pushing back against, vowing to keep exploring new oil and gas opportunities.
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Wages are down but households are struggling to manage their budgets to make up the difference. Jess Irvine has written a new book to help.
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Homebuyers have heard a lot from politicians about how they will help them get into the market, but we know the only real solution to make houses cheaper is to extend the supply.
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The economy is strong but there are still many challenges post-pandemic for small businesses
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What does investing look like in a rising interest rate environment?
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To fund the government’s new first home buyers policy, buyers will dip into their superannuation accounts. So will the super industry back this change if owning a home is the biggest difference to poverty in retirement?
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The government’s superannuation steal for first home buyers could give access to the property market, but might drive up prices too,
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Petrol is back to $2.20 a litre prices, despite a cut to the fuel excise in the budget less than two months ago
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In 2021, the world went crazy for NFTs. Hundreds of millions of dollars were spent on cartoon apes, 'original copies' of memes, and countless other digital absurdities.
Poorly drawn cartoon monkeys are probably worthless, but the NFT hype belies a powerful concept: proving ownership and authenticity of digital objects.
It's a crucial element in the evolution of the internet - Web 3.0 - a decentralised blockchain-based internet, a non-fungible Megatrend.
Does the hype stack up?
Megatrends is thanks to SwyftX.
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The first of the rate rises to come into effect tomorrow, and the collective mood is souring, with people fearing what might come next as mortgages become more expensive.
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New data shows a third of 18-29 year old's are now making 72 transactions to their betting accounts a year, as risky punting behavior becomes a normalised part of Australian culture.
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Cryptocurrency markets are diving - the price of Bitcoin down 26% in the last month alone.
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Australian markets mostly remained stable, but all eyes will be o inflation data out of the US tonight.
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Consumer confidence is sinking as things get more expensive with interest rate rises and low wage growth. The sentiment index fell for a 6 month, slumping 5.6% in May to 90.4.
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Wage growth continued to dominate the election coverage today, as Anthony Albanese backed away from his committee to bring wage growth to 5.1%. Small business has been critical of the policy, saying it will drive a lot of business underground.
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Graincorp posted a record half-yearly profit of $246 million off the back of a reduction in Ukrainian grain supplies and a bumper winter crop harvest.
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China is pursuing harder lockdowns in an effort to reach Covid Zero, but this is having knock-on effects that are being felt around the world.
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Small business owners are tackling the next phase of our post-pandemic recovery, needing a new plan to adapt to new changes.
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A battle on wage growth hit the election campaign today, with the ACTU demanding a minimum wage rise of 5.5%, but Anthony Albanese wasn’t having it. And could those levels cause a wage-price spiral? Business isn’t having it.
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Markets are positioning for a recession as Wall Street plunged overnight and our markets followed. The ASX hit three month lows and the Aussie dollar dipped below 70 US cents.
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A new Deloitte report suggests hybrid working is contributing to the GREAT RESIGNATION, with female workers also reporting to be more stressed, burnt out and closer to resignation.
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The Aussie dollar had a tough start to the week, getting smashed.
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War still rages in Ukraine, and the G7 have made a strong statement against Russian energy. Leaders have vowed to phase out Russian oil and gas from their economies, with the White House confirming a deal for Australian gas to supply Europe was underway.
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The wait time for cars is on the up. Volkswagen have a backlog on EVs until 2023. The humble Landcruiser is facing up to two and half years.
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Travel is back - Qantas is acquiring Alliance Aviation as its way into the charter sector, and Flight Centre is recovering with profitability back in sight.
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Profits are up, interest rates are rising, so the banking sector is feeling pretty pleased. Only a housing crash could wipe the smile off their faces, and Christopher Joye is predicting value could fall by up to 25%
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Retail figures were strong in the last quarter, with record sales seeing the sector grow 1.6%, and expected to stay strong through 2022 despite rising interest rates.
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The banks wasted no time passing on interest rate rises to mortgage holders. ANZ reported its half-yearly results with cash profits falling by 3% to $3.1 billion.
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The biggest names in Australian business fronted up at the 24th Macquarie Australia Conference held today. Cost pressures across the economy are picking up quickly.
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Rate rises will hit mortgage holders, but is also expected to be passed on to holders of term deposits, most notably self-funded retirees.
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The Reserve Bank has got its predictions so spectacularly wrong, failing to meet its inflation figure for a long time. Should the RBA be embarrassed about what has happened?
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The Reserve Bank has just issued the first rate rise in 12 years, hitting more than 1 million mortgage holders for the first time. Was this a good decision by the RBA and what can we expect from here?
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Should you manage your investment property or do you hire a property manager to take care of it for you?
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Labor has launched its new housing affordability scheme, with the promise of taking a 40% equity stake in the purchase of new homes. But the new scheme has attracted criticism for throwing more money at the problem.
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The Australian share market saw losses again today, led by tech stocks getting hammered.
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If the RBA lifts rates for the first time in 12 years it will be designed to hurt a little, but how much will people hurt, and will they be feeling severe financial stress from the rate rise?
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You've heard of Bitcoin, Ethereum, NFTs and the metaverse. But while crypto gets the attention, the underlying technology powering these digital products is what makes them truly transformative: the Blockchain.
Brooke Corte takes a peak into the Blockchain Megatrend with Chris Berg, co-founder of the Blockchain Innovation Hub at RMIT University.
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Ampol will build a network of 120 electric vehicle charging stations in a shift for the petroleum retailer
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Interest rates look set to climb next week following higher than predicted inflation figures on Wednesday. The question is - why will making a mortgage more expensive help slow the economy down?
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After a market update, Brooke is joined by Scott to discuss the rebound of the ASX 200, led by demand for iron ore remaining high
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inflation has landed in the aisles of our supermarkets with prices going up and up. Coles has reported a 3.3% jump in prices over the March quarter, and Matt Swindells tells us more.
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Join Brooke Corte and the Money News team in Megatrends, a new podcast examining the powerful forces reshaping our future by transforming business, society, the economy, the world. New episodes released Friday.
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Listen to Money News with Brooke Corte, the full show podcast.
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The government was quick to point the finger at overseas factors for the CPI figures, and a rate rise next week by the RBA could be a key factor in the election campaign.
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A dramatic day of plunges on Wall Street led to another day of losses on the Aussie share market.
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AMP Econonmist Shane Oliver is convinced the reserve bank will raise rates when it meets on tuesday, while Nomura's Rate Strategist Andrew Ticehurst expects the central bank to wait until June.
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Half of the people who applied for loans at ANZ during the second half of 2021 told lies on their application, and were encouraged to do so in order to gain approval.
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The RBA hasn’t put up the official cash rate since 2010, but looks set to do so in the middle of an election campaign. This could hurt the government, who will remember the impact of a rate rise during the 2007 campaign.
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Elon Musk’s takeover of Twitter looks to go ahead after the board accepted a AUD$61 billion bid for the company. Musk wants to reduce censorship on the platform.
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China has ground to a halt chasing a COVID zero fantasy, but that’s kicked on to impact our commodities sector. The ASX dropped by 2.1% in reaction.
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Australians are preparing to retire later in life, around 65 for men & 64 for women, but life expectancy is giving people a longer retirement.
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The Australian Shareholders’ Association is calling for an end to political donations by ASX-listed companies, as they supposedly do nothing for shareholders.
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As Australia’s markets stay closed for ANZAC Day, share markets around the world tumble.
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Political parties have both made poor decisions by pumping money into the housing market. Steve Keen wants a different approach.
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Interest rates barely got a mention in last night’s leaders debates but predictions say we could be underestimating the impact of interest rate rises in the coming months.
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Tesla numbers are looking very positive after reporting an 80% jump in sales for the EV company, and a profit of $3.3bn for the quarter.
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The share price of pallet manufacturer Brambles jumped 9% today as pallets became less plentiful and cheap.
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Foreigners are re-entering the housing market, buying 8% of new homes across Australia in the March quarter. Data suggests this might not necessarily drive up prices.
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Rule easing around casual contact isolation in NSW and VIC has business leaders crying out for other states to follow to help solve worker shortages.
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Eyes on Netflix as the streaming giant lost subscribers for the first time in 10 years. Other big tech giants to report this week.
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Private equity giant KKR is looking to buy Ramsay Healthcare, sending Ramsay shares surging.
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Graphite producer’s shares rise 14% after the company was given a $100m loan from the U.S. government - looking to take away the stranglehold of China’s supply on rare earth materials.
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Markets out of the block strongly The election’s impact on the stock market
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The government refuses to listen to calls from businesses to boost migration numbers to deal with worker shortages - the single biggest issue facing business currently.
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House prices are falling but the opposite is true with rents, which are surging in more than 50% of Melbourne suburbs and 9 in 10 Sydney suburbs.
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Gaffes aside, cost of living remains the chief concern among voters as debt spirals reach crisis levels.
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A fractured global commodity market sees a flood of international money coming into Australian commodity producers.
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The expanded Home Guarantee Scheme will make housing less affordable.
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Listen to Money News with Scott Haywood filling in for Brooke Corte, the full show podcast.
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Listen to Money News with Scott Haywood filling in for Brooke Corte, the full show podcast.
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Are we still moving to QLD in droves?
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Listen to Money News with Scott Haywood filling in for Brooke Corte, the full show podcast.
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Listen to Money News with Scott Haywood filling in for Brooke Corte, the full show podcast.
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Soaring agricultural commodity prices and back-to-back bumper crops means the outlook for Aussie farmers is strong.
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Major rental car shortages have sent prices sky high for Easter - provided a car is available at all.
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7 of the top 10 most traded stocks on the Stake platform in April were Lithium Companies.
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Labor Leader Anthony Albanese’s starting stumble. The numbers matter.
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The office and CBD of the future, how the pandemic changed our physical relationship with our place of work.
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Global Aldi boss warns of 20 to 50% price increases, will local stores be affected? Also, three years after its eCommerce site launched, Bunnings is named Australia’s best online retailer.
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RBA to audit 80-tonnes of Australian gold in London amid fears from fringe senators that some of the bullion is fake.
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Comments from the US Fed about quantitative tightening prompt a sullen reaction in markets and heightened fears of a looming global recession.
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3 in 4 Australians will need to tighten their belts when interest rates rise.
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Fuel excise cuts in last week’s budget will deliver negligible savings to the trucking industry as fuel tax credits are temporarily axed too. Motorists save 22.1 cents a litre, truckies save 4 cents.
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The Aussie Dollar remains near 12-month highs while the ASX continues to out perform global markets. Aussie Dollar performing strongly against the Japanese yen, our second-largest trading partner.
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Sharper and faster interest rate rises could spook property buyers and send prices lower.
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Point Cook buys more stuff online than any other suburb, as online shopping climbs to $63 billion annually.
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Neither Labor nor the Coalition have been honest about paying for aged care. Scrapping super tax perks for the rich kills two birds with one stone.
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ANZ spending data shows travel agent spending was almost identical to the first week of 2020, before COVID upended the world.
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The RBA hints its ‘patience’ on rates is wearing thin, signals interest rate rises are around the corner.
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Merchant Funds’ new biotech funds offers retail investors exposure to a range of Australian biotech, medical and life science companies.
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Australia India free-trade agreement includes generous Post-study work entitlements in a bid to attract more students.
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Petrol prices undergo largest weekly fall on record, plunging 13.3 cents a litre. The range between cheapest and dearest fuel hits a whopping 60 cents a litre.
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How Autodesk is helping the building and construction sector achieve Net Zero by 2050.
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The budget is heavy on sugar hits but devoid of long term solutions to a crucial economic issue: childcare, women’s workforce participation.
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Tabcorp shares rise as details on the proposed demerger is released. Racing NSW boss Peter V’landys objects, saying the plan is a ‘financnial disaster’ for racing.
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2 in 5 businesses plan on hiking prices by more than normal, gobbling up cash relief payments. The ACTU is asking for a 5% wage increase to keep up with cost of living but employers are set to resist.
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Telstra CEO Andy Penn is resigning after 7 years in the top job, handing the reins to CFO Vicki Brady.
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The Lamington - AKA, the Low And Middle-Income Tax Offset. A lamington on the lips will go straight to the interest rate hips.
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The budget has failed to address the damaging skills crisis that threatens to hold back economic recovery.
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The stocks and sectors that will benefit most from the 2022 Federal Budget.
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Brooke Corte's full coverage of the 2022 Federal Budget, including interviews with Federal Treasurer Josh Frydenberg, Shadow Treasurer Jim Chalmers and commentary from 3AW's Tom Elliott, 4BC's Scott Emerson, and 2GB's John Stanley.
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The Federal Treasurer joined Brooke Corte shortly after handing down his fourth budget.
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Shadow Treasurer Jim Chalmers spoke with Brooke Corte immediately after Josh Frydenberg's speech.
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Tom Elliott, John Stanley and Scott Emerson joined Brooke Corte immediately after Josh Frydenberg handed down the Federal Budget on Tuesday night.
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Listen to Money News with Brooke Corte, the full show podcast.
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Star CEO Matt Bekier had no choice but to resign, expect more scalps to follow. Why Casinos are too big to fail.
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Bond yields are rising in a strong sign that all is not well in the world.
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Petrol taxes will be cut in Tuesday’s budget in a move that will popular with motorists but not with economists.
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Ongoing support for small business on the road to recovery
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ANZ becomes the first Australian bank to mint a stablecoin pegged to the aussie dollar... but what does that mean?
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Prices of bricks, tiles and pavers are soaring, in some cases by 60%, pushing up building costs. Brickworks reports record half-year profits.
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ANZ was the only big bank to lose mortgage market share in 2021, admitting it missed the housing boom. Will its new digital makeover, ANZ PLUS, offer a solution?
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Housing affordability is rapidly worsening - and governments continuing to search for easy solutions will only make matters worse.
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22/03/2022
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Cheaper childcare means women on an average income will retire with an extra $118,000 in super.
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Volatile fluctuations in oil prices are making global markets nervous. Australia, oddly, is benefiting.
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Days out from the budget and consumer confidence has taken a tumble, failing to levels not seen since the grips of Victoria's lockdown. Lowest pre-budget confidence since 1990 as inflation ruins the nation's mood.
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Listen to Money News with Scott Haywood, the full show podcast.
- 21/03/2022
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Floods and landlord insurance - tips for property investors.
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COSBOA's budget submission doesn't call for cash, rather for government to get out of the way.
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Aussie extends winning streak as commodity boom fuels rally. Tech and Growth stocks outperform after weeks - months - of being unloved. And Stocks for a rising interest rate environment.
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Whoever wins the election faces 15 years of deficits and needs to find $40 billion a year in savings to prevent tumbling deeper into a budget black hole.
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Listen to the full show podcast, Wednesday March 17, 2022.
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Linktree is Australia’s newest unicorn, its latest funding round values the social media start up at a cool $1.8 billion.
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Choice and an alliance of eight other consumer groups is calling for regulation into the Buy Now Pay Later sector.
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The Fed said some positive things about the US economy. Ukraine and Russia are still at the negotiating table. China’s national team is buying stocks. Happy days for markets?
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Unemployment falls to it’s equal lowest level in 40 years.
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Listen to the full show podcast, Wednesday March 16, 2022:
- China is in a bind and battling geopolitical tensions, COVID flare-ups, financial and economic woes - how will it back itself out of this corner? AFR's Michael Smith.
- ThinkMarket's Carl Capolingua unpacks the federal government's $240 million package for rare earth miners.
- ANZ Chief Economist Richard Yetsenga on why the US Federal Reserve interest rate decision is the most important in decades.
- It's a little cheaper to buy an EV in Queensland - but not if you want a Tesla! Beyhad Jafari explains.
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Queensland the latest state to offer $3000 EV subsidy. At the same time, EV prices set to hike due to key material shortages.
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Why tonight’s US Federal Reserve meeting is the most important in decades.
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Government commits $240 million to critical minerals projects in mission to end Australia's reliance on China, sending shares in Australian Vanadium than 25% higher
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China is in a bind, it’s “chilling silence” over Russia is creating a heightened risk of economic backlash. Meanwhile, COVID cases explode and lockdowns threaten key exports, causing Chinese listed companies to cop a hammering on the bourse.
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Listen to the full show podcast, Monday March 15, 2022:
- Businesses are facing the worst labour and materials shortages since the mid-'70s, which leads to? Yep, rising prices. ACCI CEO Andrew McKellar.
- It's tough to avoid inflation, but you can hedge against it. Kanish Chugh from ETFS shares three ETFs for inflation season.
- Property rents could climb by 15% this year in what SQM Research Principal Louis Christopher dubs "the tightest rental market I've seen in my career ".
- Aramex CEO Peter Lipinksi on how the road to recovery is littered with potholes. Thanks to BP: Business the clever way.
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Housing rents to surge 15pc this year, stoking inflation and intensifying the housing crisis
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Spikes in online shopping, a shortage of drivers, flooding rains… the road to recovery is littered with potholes. Thanks to BP: Business the clever way.
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How investors can use ETFs to hedge against inflation.
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Business facing labour and material shortages at levels not seen since the mid-70s. Prices are rising for a reason.
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Listen to the full show podcast, Monday March 14, 2022
- Should the government give cash-strapped motorists relief by cutting the fuel excise or is the cost to the budget too much to bear?
- Elders shares jump 11% as guidance improves. CEO Mark Allison explains.
- Sun Cable CEO David Griffin on how Australia is edging closer to exporting sunlight to Singapore.
- Hospitality sector says Victoria sick pay for casual workers trial smacks taxpayers with a "triple whammy"
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Victoria launches a trial where casual employees are entitled to 5 days paid sick leave.
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Secures a $210 million funding round led by Andrew Twiggy Forrest and Mike Cannon-Brookes. Australia one step closer to exporting sunlight to Singapore.
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Elders shares popped 12% after the 183 year old agribusiness said earnings will increase by 30% year on year.
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Cutting fuel excise is “Ridiculous policy – highlights how shallow the economic debate is right now”
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Listen to Money News with Brooke Corte, the full show podcast.
- 10/03/2022
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Russia’s ban on commodity exports will intensify production delays in the auto sector. Cars are about to become even more expensive.
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Rio Tinto and Worley should be applauded for severing all business ties with Russia.
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- Texas whipsaw massacre on global energy markets
- Myer pays its first dividend in five years
- ASX to pay out $36 billion in dividends in March/April
- After the floods: why Wesfarmers is a strong buy
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RBA heir apparent Guy Debelle unexpectedly quits to join Forrest’s green hydrogen aspirant Fortescue Future Industries
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Listen to Money News with Brooke Corte, the full show podcast.
- 09/03/2022
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RBA Governor Philip Lowe admits it’s “plausible that the cash rate will be increased later this year.”
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The global financial system is close to snapping under the strain. Unlike cash, commodities can’t be printed by central banks. The absence of Russia, Ukraine and Belarus is shocking the global economy and it threatens to be worse than the Oil Crisis of the 1970s.
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The number of pessimists outweighs the number of optimists as the national mood takes a turn for the worst. Consumer confidence falls 4.2% to the lowest level since September 2020.
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Listen to Money News with Brooke Corte, the full show podcast.
- 08/03/2022
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Easy Crypto makes it easy for you to buy Bitcoin and exchange other cryptocurrencies
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Insurance bill for the east coast floods hits $1.4 billion – before taking into account Sydney’s Monday deluge.
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Surging oil prices is the thematic most concerning global markets. How close are we to someone breaking?
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On International Women’s Day, falling female workforce participation is an “indictment of our laziness” to fix the issue. The solution? Affordable childcare for everyone.
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Listen to Money News with Brooke Corte, the full show podcast.
- 07/03/2022
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Wheat prices have risen 50% in a week. Russia and Ukraine supply 30% of the world’s wheat and shipments have stopped since the invasion began. After back to back bumper crops, does Australia have the capacity to plug the grain gap?
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- MCB and BAM walk away from AGL
- Travel stocks hammered by surging oil prices
- Qantas, Flight Centre, Corporate Travel Management, global airlines too
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Oil prices surge to 14-year highs, dragging the broader commodity index sharply higher. Fears that sky-high oil prices could exacerbate cost of living pressures and inflation.
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Listen to Money News with Brooke Corte, the full show podcast.
- 03/03/2022
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Westpac has launched a $2 millions fund to help small business impacted by the floods in South-east Queensland and Northern New South Wales access financial help.
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More than a dozen Coles supermarkets remain closed, either badly damaged or cut off by floodwaters. New product purchase limits in place as supply chains face new test.
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Thermal coal skyrockets to all-time record, boosting Australia producers amid Ukraine crisis. Is this a Fossil Fuel I Told You So moment?
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- 02/03/2022
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Australia is in the depths of a rental crisis.
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Oil prices surge above $110 a barrel as fears of supply constraints intensify. Surging demand for other base metals too in a commodities free for all.
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Australia Bounces out of lockdown with the strongest quarterly growth since 1976. However, the economic recovery takes two steps forward, one step back...
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- 01/03/2022
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Is the housing boom over? House prices in SYDNEY go backwards in February, remain static in Melbourne.
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- RBA outlook complicated by the fog of war.
- Election looms, but first comes the pre-election budget: what’s in store for SMEs?
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Western companies race to dump exposure to Russia. European markets head for a lower open.
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Bitcoin surges 14% as Russians rush to convert worthless rubles into cryptocurrency. Crypto’s existential moment, a true test case.
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Listen to Money News with Brooke Corte, the full show podcast.
- 28/02/2022
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The bill for this “significant rain event” will likely run past $1 billion as an insurance catastrophe is declared.
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The Orange Book: economic policy priorities for whoever wins the May election.
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Global markets prepare for the fallout as Russia’s currency collapses.
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The latest round of Russian economic sanctions will have profound implications but fall “just short of the nuclear option”
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Listen to Money News with Brooke Corte, the full show podcast.
- 24/02/2022
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The 2022 Election Manifesto - a platform to secure Australia’s digital future.
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Europe wake up to war on the continent and the markets are braced for pain.
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Nine books a half-yearly net profit after tax of $213 million and is on track for a record year.
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ASX200 falls 215 points, 3%, the biggest single-day drop since the beginning of the pandemic crash in March 2020. Oil prices surge above $100 a barrel for the first time since 2014. Gold climbs, bitcoin falls.
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Listen to Money News with Brooke Corte, the full show podcast.
- 23/02/2022
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Australia’s 5th largest oil producer has a positive outlook amid rising oil prices.
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Wages index rises from 2.2% to 2.3%, while underlying inflation sits at 3.5%, petrol prices are at record highs and rising, unaffordable houses, more expensive clothes, cars, car parts, washing machines and fridges… at least avocados are only $1.
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A profits season blockbuster:
Woolworths - COVID costs rise, food price inflation real and live, profits slide but still a handy $1.38 bn for the half.
Domino’s - have we hit peak pizza? Shares down 14% amid a profit and sales warning
Scentre Group - Westfield shopping centres made handy profits despite being shut for months on end
Rio Tinto’s playbook - double profit, record dividend, smiling investors
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Building giant PROBUILD is on the brink of collapse. Tradies and subbies told to pack up their tools and leave, the future of more than a dozen marquee projects hangs in the balance.
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Rising business and consumer confidence points to a strong rebound for SMEs, but geographical hurdles remain.
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Hearing implant giant Cochlear maintains full-year profit guidance despite Omicron slowdown.
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The threat of armed conflict in Ukraine sent global markets into a spin. Oil racing towards $US100 a barrel, gas disrupted, potential wheat shortages. “Once you move borders unilaterally by force you truly enter the multiverse of madness.”
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International visitors return after a 704-day ban - to the delight of the tourism industry.
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Ampol pulls off a $1 billion turn around, posting a $560 million profit all while motorists are paying record prices at the bowser.
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AGL knocks back Mike Cannon-Brookes and Brookfield’s audacious $8 billion takeover bid – but does the deal have merit?
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Listen to Money News with Scott Haywood, the full show podcast
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Domain revenues soar by a quarter as it flags costs increases. The CEO of Domain Group, Jason Pellegrino, joins Scott for more.
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Employment Hero is Australia's newest unicorn. The latest funding round values the HR software maker at a cool $1.25 billion, and the co-founder and CEO, Ben Thompson, joins Scott.
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Telstra's interim profits sank by a third to $743 million but dividends will remain steady at 8c per share. After a market wrap, Scott Haywood is joined by Andy Penn, CEO of Telstra.
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For the first time in more than a decade, earnings at Bunnings went backwards. COVID has taken a big bite out of Westfarmers, Rob Scott, the CEO, joins Scott Haywood.
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Australia's relationship with the regions: is it eternal love or a passing fling?
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Treasury Wine Estates reveals the financial damage caused by China's hostile trade tantrum. The value of Aussie wine exports fell 30% in 2021. Has the industry found new markets and other buyers?
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Australia's third-largest gold miner has an optimistic outlook as investors turn to the historic hedge against inflation: gold. Jake Klein explains to Scott.
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Liontown has struck a deal with TESLA to supply the EV giant with lithium for five years. LTR is the best performing stock on the market, climbing 18% with this news. Tony Ottoviano joins Scott to tell us more.
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It's boom time at the Big Australian. BHP books a stunning $US9.4 billion after tax profit for the December half and pays a record interim dividend of $US1.50. David Lamont joins Scott for more.
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CBA now tips an official rate rise in June, with at least two more to land by year's end. Gareth Aird joins Scott for more
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Bendigo Bank outperformed its peers in the growth of its residential mortgage book, seeing higher demand as regions continue to boom. Marnie Baker joins Scott for more.
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Crown has accepted a $9 billion takeover offer from US private equity titan Blackstone. Will regulators approve the deal? Patrick Hatch tells us more.
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Oil prices hit fresh 7 year highs over heightened fears of a Russian invasion of Ukraine. It's bad news for motorists and Gavin joins Scott for more.
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Democratising share trading brought millions of new investors to the markets, but profits will be harder to find in 2022. Kim Fournais joins Brooke for more
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Following a market update, Elio helps unpack issues like power rankings for the Big Four banks, buyers circling AMP capital and the US inflation numbers.
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AGL will bring forward the closure dates for its two major coal power generators, simultaneously angering the government and environmentalists. Brooke talks to Damian Nicks for more.
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SMEs are staging a post-omicron recovery - so where to from here? Joseph Healy shares his thoughts with Brooke
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A high court ruling will have major ramifications for gig economy workers. Michael joins Brooke to break it down
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After a market wrap, Adam joins Brooke to discuss Temple and Webster's successes, the CBA bringing a tide to buoy the whole market and mineral resources juggling the old with the new
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The Commonwealth Bank reported a half-yearly profit of $4.7 billion, up 23 percent on the same period last year. And what's happened to CBA's vaunted foray into crypto? Matt Comyn joins Brooke.
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CBA CEO Matt Comyn, speaking with Brooke Corte, reveals the bank's pilot Crypto program, with 2000 customers, will end this week.
After some "slight changes” CBA will relaunch a “new” pilot with an “updated offering”
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After a market update, Brooke is joined by James Thomson to discuss Macquarie Bank's record quarter
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Is it time to reboot the Australian auto industry with electric vehicles? Dr Mark Dean joins Brooke Corte for more
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OwnHome is a fintech startup that wants to turn renters into property owners that's raised $31 million so far. Co-founder James Bowe tell us more.
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Tourism operators are ready and waiting for international arrivals, staff shortages are a key issue and tourism Australia needs a funding boost. After a market update, John O'Sullivan tells us more.
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Despite record-high retail sales in the December quarter and the imminent return of tourists and skilled migrants, the retail sector remains battered and bruised and isn't ready to carry the economic recovery baton. Paul Zahra tells us more.
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ASX listed Bikeexchange continues to navigate supply chain delays as demand for bikes remains strong
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When interest rates go up, how long until we see an inverse change in house prices? Tim Lawless joins Brooke to discuss.
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Steve joins Brooke to unpack the market wrap, particularly news of tech stocks continuing to be savaged - where to from here?
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Investors have pushed the panic button after social media giant Meta (aka Facebook) lost users for the first time. Shares were down a whopping 23% after hours, wiping off roughly $290 billion in market cap. Evan Lucas joins Brooke for more.
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Should super balances be capped at 5 million? Eva Scheerlinck goes Brooke to discuss
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After a market wrap, Brooke talks to Scott Phillips, chief investment officer of The Motley Fool
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When interest rates rise, how badly will borrowers feel it? Has the RBA lured borrowers into loading up on debt? Greg McKenna joins Brooke to discuss.
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Cost of living is the number 2 issue for Australian voters, just behind the handling of the pandemic. Jim Reed joins Brooke to discuss.
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The Aussie Dollar has suffered against looming US rate rises and Australian interest rate steadiness. Where to from here? Brooke asks Sean Callow.
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The RBA says it's time to be patient, resisting calls to raise interest rates until wages materially increase. Stephen Koukoulas joins Brooke to discuss.
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Inflation and wage growth - AirTasker has observed both occurring throughout their platform. Tim Fung joins Brooke Corte to tell us more.
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Tesla has claimed to be have the number 1 selling sedan in Australia - even over the long held best-seller, the Toyota Camry. But is the statement accurate? Josh Dowling, national motoring editor of drive.com.au joins Brooke to investigate.
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Josh Frydenberg has drawn a line in the sand, refusing to co-fund state business packages. But are SMEs ready to stand alone? Brooke asks Bill Lang for more.
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AdBlue + Omicron turns into the pandemic’s biggest challenge yet.
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Resources minister KEITH PITT says Australia is ready to supply Europe with gas if Russia turns the taps off. Are we really? What happens to local prices?
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The ASX has entered a technical correction, falling more than 10% from August high.
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Why crypto is gambling, not investing.
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The boss of the consumer watchdog was made an officer of the Order of Australia for his services to economic policy, and throwing down with Google.
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Why tech shares have been savaged on here and overseas, and whether it’s affecting our superannuation savings.
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The average mortgage will rise by $103 a month if/when rates rise in August. A single person earning $100k will be able to borrow $15k less.
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Which ETFs should investors consider in a rising inflationary environment?
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BARBECUED: ASX200 plunges 2.5% in the second-worst day of the year. Global signs equally as alarming. Where to from here?
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Headline inflation climbed to 3.5%, the highest reading since 2008, which will almost certainly force the RBA to hike interest rates later this year.
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A brutal, all-encompassing crypto selloff sees $US1.5 TRILLION wiped off since the November highs.
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Markets have a moment of reckoning. Investors bracing for pain before Tuesday’s inflation numbers. US Fed to meet this week, prompting fears that stimulus will be wound back quickly.
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Fortescue bolsters its green credentials with its acquisition of F1 spinoff Williams Advanced Engineering for $303 million. Also, will Mark McGowan’s border backflip damage the iron ore miners?
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The Omicron wave is testing the limits of SMEs, and on the other side, inflation awaits…
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New home sales surged 11% in December, the fifth straight month of games. However, builders are reporting a profitless boom as labour shortages and surging costs gobble up margin.
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Farewell Afterpay, hello BLOCK.
BHP shareholders vote overwhelmingly in favour of reunification, will see The Big Australian become the most valuable company listed on the ASX.
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Unemployment plunges to 4.2%, levels not seen since the 2008 mining boom. Wages tipped to climb higher, inflation likely to follow… will the RBA be forced to raise rates this year?
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Microsoft acquires Activions Blizzard for $93 billion, its largest-ever acquisition.
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BHP posts strong December qtr iron ore production but warns of major delays once Omicron hits the Pilbara.
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2021 saw record inflows for ETFs, what does 2022 have in store?
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Omicron proves to be biggest challenge yet as we enter the third year of the pandemic. At the peak, 50% of warehouse workers had Covid. Meat and poultry shortages to last for weeks.
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China President Xi Xinping’s unprecedented call for Western Central banks NOT to raise interest rates.
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Small Business FUD: fear, uncertainty, doubt. Calling for a HECS style loan scheme for SMEs.
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JB HiFi impresses, RedBubble disappoints. Tale of two retailers.
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January Consumer Confidence plunges to the lowest level in 30 years as Omicron ruins our mood.
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Pain and Gain - 93 out of every 100 properties sold in Q3 turned a profit, the highest profitability in a decade.
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Urging people not to post negative online reviews of small businesses struggling with Omicron.
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Investment trends in 2022 - where are investors pointing? Volumes in 2022 unusually large.
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Staff shortages, COVID outbreaks, no RATS, no financial support, Unions threatening strikes. Businesses facing their toughest test yet.
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Qantas shrugs off a $1.1 billion loss, buys $50 billion worth of new planes as it drops Boeing for Airbus.
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Australian residential property values grew by a staggering $2.2 trillion. Not every suburb is created equal, which are the best of the best?
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The government is pushing MYEFO positivity, yet the deficit is still at $99.2 billion. Should we share the optimism, or proceed with caution?
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US FED hastens stimulus taper yet markets shrug it off. Has the rule book been thrown out the window?
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Afterpay shareholders vote unequivocally to merge with US Payments giant Block (formerly Square). Only one hurdle remains...
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Woolworths shares fall 8% on the back of a cost blowout. CEO Brad Banducci says the supermarket will wear the costs rather than raise prices across the board.
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Can’t afford an A9X Torana? Why not buy the next best thing, and A9X Torana NFT… yours for a mere $10,000
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Australia Post Christmas parcel deadline has expired. Businesses must now look at other delivery options.
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US Inflation hits 40 year highs - implications for local markets?
Superhero reveals the Top Five Most Traded ASX Stocks in 2021
- Zip Co (ASX:Z1P)
- Flight Centre Travel Group (ASX:FLT)
- Fortescue (ASX:FMG)
- Qantas (ASX:QAN)
- Afterpay (ASX: APT)
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SME Recovery Loan Scheme extended, $7 billion of loans to be partially underwritten by the government. Is it still too soon to withdraw financial lifelines to SMEs?
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It’s beginning to look a lot like Christmas… eggnog in every Coles. Also, will the AdBlue shortage threaten Coles’ ability to keep shelves stocked with food?
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Christmas Stocks-ing Stuffers.
- Adore Beauty
- NIB Insurance
- Kogan
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Australia is dangerously close to running out of ADBLUE and it threatens to sideline the nation’s trucking fleet. Why are we running out, and why can’t we make it in Australia?
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An army of over 65s could re-enter the workforce if the Work Bonus threshold was lifted, allowing pensioners to earn more than $480 a week before their payment was impacted.
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Market on a tear - tech and mining with momentum.
Christmas stocks-ing stuffers
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The government has flagged major reforms to Australia’s payments system, giving consumers better protection while introduction regulatory frameworks for BNPL, digital wallets, and cryptocurrency.
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Less than half of super fund members expect to live a comfortable life in retirement.
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Fair Work Commission ruled BHP vaccine mandates at its Mt Arthur coal mine were unlawful. Implications for other businesses?
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Stocks to give to your kids or grandkids this Christmas.
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RBA keeps cash rate on hold at a record low 0.1%, gives itself wiggle room to raise rates earlier.
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When millions of workers suddenly left their office and set up shop in their living rooms, calls for maintenance plumbers spiked dramatically. Scaling up quickly required a flexible mindset. Thanks to Optus Business Plus.
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With prices and clearance rates pulling back, are buyers about to claw some power back?
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Buy Now Pay Later debts increase and prompt a warning for consumers to avoid a Christmas BNPL debt spiral.
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Hard to pinpoint why Crypto crashed. Extremely volatile investment, great for trading but requires a strong stomach if investing for the long term.
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Priced out of the housing market, younger Australians are increasingly turning to the sharemarkets.
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