Your daily 10-minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
SBS Finance Editor Ricardo Gonçalves speaks with Marcus Bogdan from Blackmore Capital about the day's market action including why banks seem to be on a job cutting cycle, plus Stephnie Youssef speaks with ASFA CEO Mary Delahunty to find out how much money is needed in super to fund a comfortable retirement.
SBS Finance Editor Ricardo Gonçalves takes a closer look at ANZ's decision to cut 3,500 employees and 1,000 contractors and what it means for the sector with Nathan Zaia from Morningstar and Damien Boey from Wilson Asset Management.
SBS Finance Editor Ricardo Gonçalves speaks with Raymond Chan from Morgans about the day's sharemarket action including the weak US jobs data, a rebalancing of the market's main indexes and the potential implications of a supermarkets underpayments court case.
SBS Finance Editor Ricardo Gonçalves speaks with ARIA CEO Annabelle Herd about the changes to the ARIA Charts will highlight diverse artists in the industry, Madeline Dunk from ANZ explains why she thinks the RBA may be done cutting interest rates, and Bryce Anderson from Morningstar goes through the day's sharemarket action.
Car theft claims rose to a record $233m in Victoria last financial year, but fell in every other state so Stephanie Youssef speaks with Insuance Council of Australia CEO Andrew Hall to find out what can be done about it and what it means for premiums, plus SBS Finance Editor Ricardo Gonçalves takes a closer look at the sharemarket with Ben Clark from TMS Private.
The Australian sharemarket has experienced its worst single-day drop since April, with all 11 sectors finishing in the red. For more, Rena Sarumpaet spoke with Perpetual's Head of Investment Strategy, Matt Sherwood. Plus, Australia's GDP expanded by a larger-than-expected 0.6% in the June quarter. SBS Finance Editor Ricardo Goncalves spoke with NAB Chief Economist Sally Auld about what that means for the economy.
SBS Finance Editor Ricardo Goncalves speaks with Josh Gilbert from eToro to find out why gold prices hit a new record while silver reached a 14 year high, plus why the ASX fell as a number of companies traded ex-dividend.
SBS Finance Editor Ricardo Goncalves speaks with Tim Lawless from Cotality Australia about the direction for home prices as the Spring selling season begins and to find out where the property hotspots are, plus Mathan Somasundaram from Deep Data Analytics takes a look back at the reporting season that was and looks ahead at what to expect now.
SBS Finance Editor Ricardo Goncalves speaks with Australia Post CEO Paul Graham following the company's profit result to find out what the future holds for the service amid structural change which is seeing consumers continue to send fewer letters but greater numbers of parcels, plus Dianne Colledge from Morgans wraps up what has been a very busy reporting season.
SBS Finance Editor Ricardo Gonçalves speaks with Wesfarmers CEO Rob Scott about the company's $2.9bn profit, bonus shareholder returns and the economic environment, plus a look at the day on the sharemarket including Qantas' second best profit result ever, with Angus Geddes from Fat Prophets.
SBS Finance Editor Ricardo Gonçalves speaks with Flight Centre CEO Graham Turner following the group's results announcement to find out more about the operating environment, airfares and consumer trends, plus Michael Wayne from Medallion Financial Group goes through the day's sharemarket action including a look at the surprise rise in inflation.
In this special extended edition of SBS On the Money, join SBS Finance Editor Ricardo Gonçalves as he speaks with Coles Group CEO Leah Weckert to find out how shoppers are feeling, Fortescue CEO Dino Otranto on how the political landscape is impacting his operations while Stephanie Youssef discusses Tyro's results with CEO Jon Davey, plus hear from Jamie Hannah from VanEck on the day on the sharemarket.
SBS Finance Editor Ricardo Gonçalves speaks with George Boubouras from K2 Asset Management about the day's sharemarket action, including why investors are increasingly confident of a September interest rate cut in the US. Plus Hannah Kwon finds out more about the way AI is being used to scam people with Jeannie Paterson from the Melbourne Law School.
SBS Finance Editor Ricardo Gonçalves speaks with Guzman y Gomez Mexican Kitchen co-CEO Steven Marks about the Mexican restaurant chain's record sales and to find out more about why investors didn't like it, plus Isaac Poole PhD, CIMA® from Ascalon Capital on the day's market action, including his take on reporting season and the trends being seen.
SBS Finance Editor Ricardo Gonçalves speaks with Gemma Dale from nabtrade about the ASX 200's record close, and takes a closer look at Rebel Sport's theft problem.
SBS Finance Editor Ricardo Gonçalves speaks with Luke Laretive from Seneca Financial Solutions about the day's sharemarket action, including what the James Hardie and Breville profit updates says about the US economy, as debate continues on whether the US should cut interest rates.
SBS Finance Editor Ricardo Gonçalves speaks with Woodside Energy CEO Meg O'Neill and BHP CFO Vandita Pant following their profit results, while FTSE Russell Julia Lee goes through the day's market action including why investors slammed CSL.
SBS Finance Editor Ricardo Gonçalves takes a look at the stock that surged 2900 per cent in one day, and discusses the day's market news with David Walsh from Sarto Advistory.
SBS Finance Editor Ricardo Gonçalves speaks with Cochlear CEO Dig Howitt after the group's full-year results annoucement about the future of implants, while Stephanie Youssef discusses the role of EVs with CAR Group CEO William Elliott; while Grady Wulff from Bell Direct goes through the numerous records the Australian sharemarket hit during the week.
SBS Finance Editor Ricardo Gonçalves speaks with Origin Energy CEO Frank Calabria following the company's profit results and discusses everthing from the direction of power prices, the energy transition and electric vehicles; Justin Smirk from Westpac goes through the day's labour force data; and Damien Boey from Wilson Asset Management look through the day's market action including the deluge of profit reports released.
SBS Finance Editor Ricardo Gonçalves speaks with Commonwealth Bank CEO Matt Comyn about the bank's record $10.3bn full-year cash profit and finds out what it means for investors, plus his future AI plans for the bank; David Rumbens from Deloitte Access Economics goes through the latest wages data from the ABS including why productivity is key; and Jun Bei Lui from TenCap goes through the sharemarket action including her take on the latest corporate profit results.
SBS Finance Editor Ricardo Gonçalves speaks with NAB's Gareth Spence to find out why the RBA cut interest rates and if there are more to come, Sally Tindall from Canstar looks through the impact for borrowers, while Michael Jenneke from UBS Wealth Management discusses what it means for investors.
SBS Finance Editor Ricardo Gonçalves speaks with Elio D'Amato from EnviroInvest about the day's market action including why lithium miners sizzled and goes through profit results from JB Hi-Fi and CAR Group.
SBS Finance Editor Ricardo Gonçalves speaks with Heath Moss from HLM Investors about the day's market action including an in-depth look at the Nick Scali and QBE results, along with Donald Trump's new pick for a temporary role at the Federal Reserve Board.
SBS Finance Editor Ricardo Gonçalves speaks with AMP CEO Alexis George following the financial services company's half-year results to find out how she's feeling about the economy and how AI will impact it and its workforce, plus Scott Phillips from The Motley Fool goes through the day's sharemarket moves including his take on the issues the market operator, ASX, is facing.
SBS Finance Editor Ricardo Gonçalves speaks with David Walsh from Sarto Advisory Pty Ltd about the day's share market action as it hits another record and to find out more about an ASX mix-up which incorrectly saw it attach a market announcement to TPG Telecom forcing it to cancel millions of dollars worth of trades. Plus, hear from News Corp CEO Robert Thomson as he delivers an AI warning at the company's results announcement.
SBS Finance Editor Ricardo Gonçalves speaks with Tony Weber from the Federal Chamber of Automotive Industries about how plug-in hybrids are emerging as important transition technology for Australians, Dean Pearson from NAB explains why migrants are becoming increasingly optimistic and Catherine Allfrey from WaveStone Capital goes through the day's market action.
SBS Finance Editor Ricardo Gonçalves speaks with David Scutt from StoneX to find if if the US economy is slowing down faster than expected as jobs data points to disappointing jobs gains.
SBS Finance Editor Ricardo Gonçalves speaks with Shane Oliver from AMP and Adam Dawes from Shaw and Partners to find out what a 10 per cent US import tariff on Australian products means for the economy and investors, plus is Canva making its way onto the sharemarket soon?
SBS Finance Editor Ricardo Gonçalves takes a look at whythe US Federal Reserve left official interest rates on hold with Brendan Rynne from KPMG along with fresh data showing Australians splurged at the end of financial year sales. Plus Elizabeth Tian from Citi goes through the day's market action including the crash in the copper price.
SBS Finance Editor Ricardo Gonçalves speaks with Besa Deda from Willam Buck and Luke Laretive from Seneca Financial Solutions to find out why today's lower inflation reading is likely to tip the Reserve Bank into cutting interest rates in August.
China has driven a recovery in Australia's wine export industry but it faces significant challenges amid structural change, so SBS Finance Editor Ricardo Gonçalves speaks with Peter Bailey from Wine Australia to find out more, plus Kai Chen from MPC Markets goes through the day's sharemarket action and previews the upcoming reporting season.
A big start to the business week with the US and the European Union announcing a major trade deal. Liz Maddock gets the latest on that from Hebe Chen, Market Analyst at Vantage Australia. And Laurie Lawira speaks to Chief CommSec Economist Ryan Felsman about the CommSec State of the States report.
The Australian share market has finished the week in the red; mining and gold stocks dragged the ASX-200 down as the iron ore price fell below US$100. Stephanie Youssef spoke with Medallion Financial Group's managing director Michael Wayne.
The Australian share market has closed 0.3% down following a soft session. Stephanie Youssef spoke with Mathan Somasundaram, the CEO of Deep Data Analytics, who says overseas trade developments are having an impact on investor behaviour. Plus, Reserve Bank Governor Michele Bullock warns it could take longer to tame underlying inflation in her annual address to the Anika Foundation.
Australian and Japanese shares have closed in the green following Donald Trump's announcement of a trade deal with Japan. The ASX-200 led by the materials and financial sectors. Stephanie Youssef spoke with the founding manager of Activam Group, Robert Talevski. Plus, the Australian Federal Police and Australian Banking Association have joined forces to warn Australians to stop renting out their bank accounts to criminals. They say many people are knowingly, or unknowingly, becoming “money mules” for criminals, who use their bank accounts to make their funds appear legitimate. For more, Stephanie Youssef spoke with ABA CEO Anna Bligh.
The Australian sharemarket has closed flat after opening higher, as strong gains in healthcare and materials were offset by a second straight day sell-off in bank shares, seeing investors moving towards the miners. For more, Stephanie Youssef spoke with Todd Hoare, the chief investment officer at LGT Crestone. Plus, the Reserve Bank has revealed its reasoning behind its decision to keep interest rates on hold at July's board meeting, saying lowering them wouldn't have been consistent with its strategy of easing monetary policy in a “cautious” approach. Independent economist Chris Richardson says it means an August rate cut is likely.
The Australian share market has suffered its worst one-day decline since Donald Trump announced his so-called “Liberation Day” tariffs in April. The ASX 200 closing 1 per cent down; a stark contrast from Friday's record close. Stephanie Youssef spoke with Blueberry Markets analyst Zoran Kresovic about why that was expected. Plus, a new joint report by the Australian Human Rights Commission and the Australian Human Resources Institute has found a quarter of HR professionals surveyed now classify workers aged 51 to 55 as "older". Stephanie Youssef spoke with Age Discrimination Commissioner at the Australian Human Rights Commission, Robert Fitzgerald.
SBS Finance Editor Ricardo Gonçalves speaks with Mahjabeen Zaman from ANZ about why the Australian and US sharemarket hit yet another record despite ongoing global uncertainties and also delves into the Chinese and Japanese economies, plus Stephanie Youssef speaks with Tery Rawnsley from KPMG about how Australia's soft birthrate may hinder its economy in the future.
SBS Finance Editor Ricardo Gonçalves speaks with Nick Stenner from Bank of America about the rise in Australia's unemployment rate to 4.3% to find out what it says about the labour market and means for interest rates, while Henry Jennings from Marcus Today goes through market reaction, plus Mariam Veiszadeh from the AICD checks in on how corporate Australia is tackling diversity in boardrooms.
SBS Finance Editor Ricardo Gonçalves speaks with Niv Dagan from Peak Asset Management about the day's market action including how US tariffs have hit inflation in the country, plus Stephane Youssef discusses ABS housing data with My Bui from AMP.
SBS Finance Editor Ricardo Gonçalves speaks with Jonathan Shead from State Street Investment Management about why China's economy is growing faster than expected despite global headwinds, plus the RBA's Michele Bullock on its proposal to end debit and credit card surcharges.