SBS On the Money

The ASX 200 has surged to a five-week high following comments from US President Donald Trump that a peace deal between the US and Iran is imminent. But haven't we been here before? Also, Elon Musk's SpaceX raises US$75 billion ahead of its much-anticipated Nasdaq debut. For more, Stephanie Youssef spoke with Matt Wacher, chief investment officer at Jana Investment Advisers.

With just one sleep to go until the 2026 FIFA World Cup kicks off, SBS On the Money explores the business behind the world's biggest sporting event. Ricardo Gonçalves speaks with Mark Andersen, Co-Head of Global Asset Allocation at UBS Global Wealth Management CIO, about the economic opportunities and investment themes emerging from football's global reach. Plus, Tim Harcourt, Chief Economist at University of Technology Sydney, looks at the costs facing fans travelling to the tournament and the broader financial impact. The episode also covers a weaker Australian sharemarket, with Henry Jennings from Marcus Today breaking down the day's market moves, the impact of rising geopolitical tensions and inflation, and what investors are watching ahead of the anticipated SpaceX listing.

Australia's largest listed companies are more gender-diverse than ever, with only four all-male boards remaining across the ASX 300, but new research reveals progress has stalled in other areas, including cultural diversity, disability and LGBTIQ+ representation. Stephanie Youssef explores the findings with David Evans, Managing Partner at Watermark Search.

The global AI investment boom is gathering pace, with OpenAI signalling its intention to eventually join rivals Anthropic and SpaceX on the US sharemarket, potentially fuelling another wave of capital raising worth hundreds of billions of dollars across the industry. SBS Finance Editor Ricardo Gonçalves speaks with Loftus Peak Chief Investment Officer Alex Pollak about what the AI listing race means for investors, while Adam Dawes from Shaw and Partners breaks down a softer day on the ASX after the long weekend. Plus, Matthew Hassan, Senior Economist at Westpac, explains why Australians are turning away from property as the wisest place for savings and what weakening consumer sentiment could mean for the economy.

The ASX 200 closed 0.7% lower on Friday, extending its weekly decline to 1.2%, as mining stocks came under pressure from a three-month low in iron ore prices. Fortescue, BHP and Rio Tinto all fell, while the major banks also weakened. Bucking the trend was healthcare giant CSL, which jumped 5.8% for its strongest gain in more than four years. SBS Finance Editor Ricardo Gonçalves speaks with Blueberry Markets analyst Zoran Kresovic about the forces driving the market and what investors are watching next.

Elon Musk has revealed plans for a potentially record-breaking IPO of SpaceX, with Australian retail investors set to get access to the offer. Stephanie Youssef speaks with Datt Capital Chief Investment Officer Emanuel Datt about the opportunity and the risks for investors. Plus, the Australian sharemarket falls 1.1 per cent as mining stocks lead the losses, with Robert Talevski from Activam Group breaking down the day's market moves and what drove the sell-off.

Australia's economy expanded by just 0.3% in the March quarter, with growth driven largely by investment in data centres while household spending remained subdued and productivity declined. NAB Senior Markets Economist Taylor Nugent joins SBS On the Money to unpack what the latest GDP figures mean for the economy and the outlook for interest rates. Plus, despite the weak economic data, the ASX 200 climbed 0.7% as investors scaled back expectations of a near-term rate rise. Josh Gilbert from eToro explains what drove the market higher, including record highs for mining giants BHP and Rio Tinto, strong gains for the banks and a pullback in technology stocks.

Around three million low-paid Australian workers are set to receive a pay rise after the Fair Work Commission lifted the national minimum wage and increased award wages above the current inflation rate. Ricardo Gonçalves speaks with Commonwealth Bank economist Harry Ottley about what the decision means for household budgets, inflation and the broader economy. Plus, the ASX 200 edged lower as retailers and shopping centre operators came under pressure following the wage decision, while technology stocks rallied and BHP hit another record high. Alice Shen, CFA from VanEck joins the podcast to unpack the day's market moves and the influence of another strong session on Wall Street

The Australian sharemarket finished flat ahead of key economic data this week, including GDP figures and US jobs numbers. Ricardo Gonçalves speaks with Elio D'Amato from EnviroInvest about the day's market moves, rising oil prices and BHP's record high. Plus, Kelly Power, CEO of CFS Superannuation, explains why Australians now believe they need more than $1 million to retire comfortably and why many expect to work longer before leaving the workforce. Also, housing expert Tim Lawless warns national property prices could begin falling from next month as higher interest rates, a slowing economy and policy changes start to weigh on the market.

Following Thursday's $45 billion wipeout, the S&P/ASX 200 has finished the week 1.62 per cent higher following reports that US and Iranian negotiators have reached a tentative deal to extend the ceasefire by 60 days. As a result, oil prices fell sharply while gold and silver rose. For more, Stephanie Youssef spoke with Opal Capital Management Chief Investment Officer Omkar Joshi. Also, the combined wealth of Australia's 200 richest people has surged to more than $700 billion, with mining magnate Gina Rinehart once again leading the Australian Financial Review's 2026 Rich List. For more, Stephanie Youssef spoke with AFR's Rich List Deputy Editor Hannah Tattersall.

Australia's sharemarket rebounded after a softer-than-expected inflation report lifted hopes the RBA may hold interest rates in June, but ABS data showed some businesses are passing on higher fuel costs to consumers. SBS On the Money explores what the latest CPI figures mean for households, the Reserve Bank and investors, with analysis from Sunny Nguyen, Head of Australia Economics at Moody's Analytics, and Niv Dagan from Peak Asset Management.

Australian businesses are feeling the pressure from rising fuel costs and supply issues, with new ABS data showing nearly three quarters have been negatively impacted. Business NSW Executive Director David Borger joins Ricardo Gonçalves on the SBS On the Money Podcast to discuss how companies are responding and what it means for prices and inflation ahead of key data tomorrow.

Oil prices have tumbled after Donald Trump suggested a peace deal between the US and Iran could be near, raising hopes of lower fuel costs for Australian motorists. SBS On the Money speaks with MST Financial's Saul Kavonic about why petrol prices may ease in the short term, but why oil markets are unlikely to return to pre-conflict levels anytime soon.

The ASX finished the week higher as investors weighed strong gains in mining stocks against weakness in telcos, while attention also turned to the booming space economy. In this episode of SBS On the Money, Ricardo Gonçalves speaks with Pepperstone Head of Research Chris Weston about Elon Musk's plans to list SpaceX at a reported valuation of US$1.75 trillion, what it means for future blockbuster IPOs including OpenAI and Anthropic, and whether space is becoming the next big investment opportunity. Chris Weston also breaks down the day on the Australian sharemarket and the outlook for interest rates.

Australia's unemployment rate has climbed to its highest level since late 2021, with nearly 19,000 jobs lost and youth unemployment on the rise, raising fresh questions about the economic outlook and the path for interest rates. Deloitte Access Economics partner Stephen Smith breaks down what's driving the shift and what it means in a climate of global uncertainty and elevated borrowing costs. Meanwhile, the sharemarket surged, with the ASX 200 posting its strongest gain in six weeks, lifted by materials, banks and real estate, as Heath Moss from HLM Investments unpacks what's behind the rally and whether it can last.

The ASX 200 has fallen to a fresh seven-week low, on fears of rising global interest rates. SBS Finance Editor Ricardo Gonçalves speaks with Francesco De Stradis from Ord Minnett about the market sell-off and the key drivers behind it. Plus, William Buck Tax Services Partner Todd Want breaks down the federal government's proposed tax reforms after online memes claiming the Prime Minister would “own” 47 per cent of small businesses sparked confusion and debate.Listen to Australian and world news, and follow trending topics with SBS News Podcasts.

The Australian sharemarket bounced back from a seven-week low as easing tensions in the Middle East lifted investor confidence, with the ASX200 rising 1.2 per cent. Ricardo Gonçalves speaks with Westpac Senior Economist Matthew Hassan about why Australians remain deeply pessimistic despite a slight lift in consumer sentiment, as the Reserve Bank warns businesses are preparing further price hikes and workers push for higher wages. Plus, Michael Jenneke from UBS Global Wealth Management breaks down the day's market action, including gains for supermarkets, banks and telcos, while energy stocks slipped as oil prices eased.

The ASX200 has fallen to a seven-week low as surging oil prices and rising inflation fears rattle global markets. In this episode of SBS On the Money, Ricardo Gonçalves speaks with David Scutt from StoneX Group Inc. about the market sell-off, the impact of the Middle East crisis on energy prices, and why investors are now bracing for possible interest rate rises in the United States after inflation climbed to a three-year high. The episode also looks at sharp losses for Brambles and major miners including BHP.

On this episode of the SBS On the Money podcast, Stephanie Youssef speaks with Michael Page Senior Managing Director David George about the growing use of artificial intelligence in recruitment, with more job seekers and employers turning to AI to write resumes, job ads and interview questions. Plus, Ricardo Gonçalves is joined by Tribeca Investment Partners Portfolio Manager Todd Warren to unpack a volatile week on the Australian sharemarket, as profit taking in the mining sector helped drag the ASX 1.3% lower for the week.

The ASX200 closed slightly higher after a late-session rebound, with mining giants BHP and Rio Tinto hitting fresh records while Coles fell after a landmark ACCC court ruling over misleading discount pricing. Ricardo Gonçalves speaks with Betashares investment strategist Hugh Lam about the day's market action and the forces driving investor sentiment. Plus, Xero CEO Sukhinder Singh Cassidy responds to concerns artificial intelligence could disrupt the software-as-a-service sector, outlining how the cloud accounting company plans to navigate the next phase of the AI revolution after reporting a sharp fall in profit.

The ASX closed lower, after a record 10.4 per cent slump in CommBank shares wiped around $25 billion from its market value, while investors digested major Federal Budget reforms targeting negative gearing and capital gains tax.

BHP surged to a record high and overtook Commonwealth Bank as Australia's largest listed company, helping lift the materials sector evenas the ASX200 fell for a third straight session. In this episode of SBS On the Money, Jonathan Shead from State Street Investment Management unpack BHP's milestone, the strength in mining stocks and the broader investment environment. NAB Head of Australian Economics Gareth Spence also joins, to explain why business conditions have dropped to their weakest level since 2020 and how the conflict in the Middle East is driving up costs across supply chains.

The ASX 200 slipped 0.5 per cent ahead of the Federal Budget as oil prices surged and investors weighed the prospect of tax reform. Banks were weaker across the board, while CSL plunged 16 per cent after cutting earnings expectations and flagging a major impairment.

The Australian sharemarket rose 0.96 per cent, amid hopes of a peace deal between the US and Iran. As a result, oil prices have dropped sharply – though remain above US$100 a barrel – and precious metal and commodity prices have risen. The Australian dollar has also benefited, reaching a four-year high, as risk appetite increases. For more on this, Stephanie Youssef spoke with Angus Geddes, Chief Investment Officer at Fat Prophets.

Senior Australians on government payments are facing some of the sharpest cost of living increases in the country as soaring electricity prices and rising interest rates put pressure on household budgets. In this episode of the SBS On the Money podcast, Ricardo Gonçalves speaks with Patricia Sparrow from COTA Australia to find out more, before Laura Cooper from Nuveen shares her outlook on interest rates after the Reserve Bank's latest decision. Plus, Luke Laretive from Seneca Financial Solutions breaks down a strong rally on the Australian sharemarket as the ASX200 surged following another record session on Wall Street.

The Reserve Bank has lifted interest rates for the third time this year, pushing the cash rate to 4.35 per cent, even as other major economies pause. In this episode, PWC Chief Economist Amy Lomas unpacks what's driving the decision and what it signals for the months ahead. The ASX edged lower, falling 0.2 per cent, with Todd Hoare from LGT Wealth Management breaking down how investors reacted. And with borrowers facing rising costs, Sally Tindall from Canstar explains what the latest rate hike means for mortgage repayments and how to assess whether your loan is still competitive.

Australian shares dropped 0.4 per cent ahead of an expected Reserve Bank rate rise, with losses across most sectors led by consumer staples and energy, while petrol prices continued to ease nationwide. Corporate headlines included a recall by A2 Milk in the United States, an ASIC investigation into Accent Group, and NAB's weaker half-year profit driven by accounting changes despite solid lending growth and a steady dividend. The outlook for borrowers and interest rates is in focus as the Australian dollar lifts above 72 US cents. George Boubouras from K2 Asset Management Ltd joins the podcast to break down the market moves and what to watch next.

The ASX has broken an eight-day losing streak, lifted by mining stocks and easing oil prices, while global tech earnings continue to shape investor sentiment. In this episode of SBS On the Money, Morningstar's Lochlan Halloway unpacks the day's market action, as ANZ posts a higher profit and signals confidence Australia will avoid recession. Meanwhile, Coles flags further price pressures across supermarket shelves, and Cotality's Tim Lawless warns Australia's housing market may be entering a downturn as interest rates bite and growth slows.

The S&P/ASX 200 has extended its losing streak to an eighth straight session, as oil surged past US$120 a barrel following comments from US President Donald Trump that he would extend the naval blockade of the Strait of Hormuz. The effect of rising oil prices is being reflected in company reports with Woolworths Group downgrading its full-year profit outlook, despite reporting a lift in third quarter food sales. For more, Stephanie Youssef spoke with TMS Private Wealth Portfolio Manager Ben Clark.

A sharp lift in inflation and a seventh straight fall on the ASX set the tone for this episode of the SBS On the Money podcast, unpacking how global conflict is feeding into Australia's economy. Official data shows annual inflation expanding to 4.6 per cent in March, driven by a surge in fuel and electricity costs. Harry Murphy Cruise from Oxford Economics breaks down what this means for interest rates and how much further prices could rise, while Damien Boey from Wilson Asset Management explains the market reaction, sector moves and what investors are watching next as US tech earnings come into focus.

Australian shares extended their losing streak, with the ASX200 down 0.6% to a three-week low and ten of eleven sectors finishing in the red, even as US markets hit fresh records. Utilities led the decline, with Origin Energy tumbling, while a lift in oil prices and a rebound in lithium miners offered some support. For a closer look at the day's moves and what's driving the divergence with Wall Street, Ricardo Gonçalves speaks with MPC Markets CEO Mark Gardner.

The ASX slips to a three week low ahead of a pivotal week for global markets, with Raymond Chan from Morgans breaking down what to watch as central banks meet, US tech giants report earnings and fresh inflation data lands. At the same time, the countdown to tax time begins, with Assistant Commissioner Anita Challen outlining the ATO's focus on work related deductions, side hustles and misleading advice circulating online.

The ASX200 edged lower by 0.1 per cent, capping a weekly fall of 1.8 per cent, as global markets pulled back from record highs and investors turned their attention to upcoming tech earnings, with Tony Sycamore from IG Markets unpacking what's ahead. Meanwhile, new data from ASIC reveals a growing number of young Australians are turning to AI platforms, social media and so-called finfluencers for financial information, raising concerns about credibility and oversight. ASIC Commissioner Alan Kirkland explains the regulator's response.

The ASX slipped 0.6 per cent amid rising geopolitical tensions in the Gulf, with losses led by materials and the big banks, while energy stocks climbed on a surge in oil prices. Against that backdrop, a sharp shift in the jobs market is emerging, with SEEK reporting a 75 per cent rise in advertised roles mentioning AI skills.

The Australian sharemarket slipped 1.1 per cent, yet remains within reach of a record high, continuing its recovery from March's downturn as super funds rebound and long-term gains hold steady. In this episode of SBS On the Money, Ricardo Gonçalves unpacks the day's biggest moves, including Cochlear's dramatic 40 per cent fall to a 10-year low after a profit warning tied to weak US consumer confidence and global uncertainty. Portfolio manager James Gerrish from Market Partners joins the conversation to discuss whether other companies will also be hit by the war in the Middle-East.

The ASX 200 edged lower as investors held back ahead of a key Middle East ceasefire deadline, with Michael Wayne from Medallion Financial Group unpacking the day's market moves. At the same time, Apple enters a new chapter as Tim Cook steps down after 15 years, having overseen explosive growth and the launch of products like the Apple Watch and AirPods. Stephanie Youssef speaks with Wedbush Securities' Dan Ives about Cook's legacy, the challenges facing incoming CEO John Ternus, and why artificial intelligence could define Apple's next phase.

Energy stocks lag, as oil prices remained volatile around supply concerns in the Strait of Hormuz, even as petrol prices eased, though still well above last year's levels. Market analyst Evan Lucas unpacks what it all means for households and investors, as attention also turns to the federal government's new $1,000 instant tax deduction set to benefit more than six million workers. Mark Chapman from H&R Block explains who gains from that, how it works, and when the savings will flow through.

The ASX200 has edged lower, snapping a three-week run despite fresh record highs on Wall Street, with weakness in consumer discretionary stocks offset by gains in tech and buy now, pay later players. In this short end-of-week update, Ricardo Gonçalves speaks with Dianne Colledge from Morgans Financial Limited about what is driving the local market, the outlook for key sectors and how global momentum is shaping sentiment at home, alongside moves in the Australian dollar and oil prices.

The ASX eases despite strong leads from Wall Street, while Australia's unemployment rate holds at 4.3 per cent and companies grapple with rising costs. Ricardo Gonçalves speaks with HSBC Chief Economist Paul Bloxham on what the latest labour market data means for interest rates, and with David Lane from Ord Minnett on the day's market moves. Plus, Mark Thirlwell from the Australian Institute of Company Directors explains why artificial intelligence and productivity pressures are keeping business leaders awake at night.

Airfares are set to climb as Virgin Australia cuts flights to manage rising fuel costs, while Qantas flags a sharp increase in its fuel bill, reshaping travel plans for Australians. Phoebe Deas speaks with Ellis Taylor from Cirium on what these changes mean for the aviation sector, as new data reveals Japan has overtaken Indonesia as Australia's second most popular destination, helped by a stronger exchange rate. Meanwhile, the ASX closes slightly higher, with insight from Scott Phillips of The Motley Fool on the market's mixed performance.

The ASX edges higher despite fresh warnings from corporate Australia, with Qantas and Westpac flagging the financial impact of the Middle East conflict as cost pressures build. Ricardo Gonçalves unpacks the latest market moves and what they mean for inflation and interest rates, speaking with NAB Chief Economist Sally Auld and LGT Wealth Management CIO Scott Haslem, while new data reveals rental stress has hit record levels. Cotality's Head of Research Gerard Burg joins to explain why Australians are now spending more than ever on housing and what's driving the shortage.

The ASX edges lower as oil prices climb above US$100 amid escalating Middle East tensions, raising fresh concerns about inflation and growth. Armina Rosenberg from Minotaur Capital breaks down whether AI-driven investing can make sense of geopolitical shocks, while Deloitte Access Economics partner David Rumbens warns Australia could be edging closer to recession, even if the conflict eases. With markets still near record highs but volatility building, this episode unpacks the risks shaping the economic outlook and what it means for investors and households.