SBS On the Money

The Australian sharemarket has worst day since March as the property correction deepensAustralia's housing downturn deepened in September, but what does the shift mean for buyers and sellers? SBS Finance Editor Ricardo Gonçalves speaks with Cotality Research Director Tim Lawless about the latest property trends, before Vantage Australia Senior Market Analyst Hebe Chen explains the sharemarket sell-off that wiped nearly $60 billion from the ASX 200.SBS On the Money is a daily finance podcast where SBS Finance Editor Ricardo Gonçalves unpacks the ASX, the economy and the latest market moves with leading analysts and executives.Listen to more episodes of SBS On the Money, and follow the show on the SBS Audio app, Apple Podcasts, Spotify or wherever you get your podcasts.For the latest news from Australia and around the world, visit SBS News and follow us on YouTube, TikTok, Instagram, Facebook and X.

Inflation has risen to 4%, but markets see less chance of another RBA rate rise. Here's why.SBS Finance Editor Ricardo Gonçalves speaks with David Bassanese from Betashares about the latest inflation figures and what they could mean for interest rates. Plus, Scott Phillips from The Motley Fool explains why the Australian sharemarket rose 0.9 per cent despite higher inflation. SBS On the Money is a daily finance podcast where SBS Finance Editor Ricardo Gonçalves unpacks the ASX, the economy and the latest market moves with leading analysts and executives.Listen to more episodes of SBS On the Money, and follow the show on the SBS Audio app, Apple Podcasts, Spotify or wherever you get your podcasts.For the latest news from Australia and around the world, visit SBS News and follow us on YouTube, TikTok, Instagram, Facebook and X.Accuracy and availability of SBS transcripts may vary. Transcript text may be revised to correct errors or match updates to audio. The authoritative record is the audio record.

What the RBA's rate rise means for the economy, investments and mortgagesSBS Finance Editor Ricardo Gonçalves takes a look at the impact of the RBA's 25 basis point increase to the official interest rate with Shane Oliver from AMP, Henry Jennings from Marcus Today and Sally Tindall from Canstar.In this episode:Why the RBA says inflation remains too high, and the key factors driving its latest rate hike.Shane Oliver explains the economic signals that could keep rates on hold, and the risks that could change the outlook.What the latest increase means for mortgage repayments, and the options available to borrowers under pressure.The savings-rate opportunity savers may want to watch closely as banks respond to the RBA decision.Why markets rose despite higher interest rates, and what investors are being told to prepare for next.SBS On the Money is a daily finance podcast where SBS Finance Editor Ricardo Gonçalves unpacks the ASX, the economy and the latest market moves with leading analysts and executives.Listen to more episodes of SBS On the Money, and follow the show on the SBS Audio app, Apple Podcasts, Spotify or wherever you get your podcasts.For the latest news from Australia and around the world, visit SBS News and follow us on YouTube, TikTok, Instagram, Facebook and X.

Markets have priced in a 95 per cent chance of an official interest rate rise tomorrowThe Australian sharemarket rose despite the likelihood of an interest rate rise from the RBA tomorrow. SBS Finance Editor Ricardo Gonçalves speaks with David Walsh from Sarto Advisory to find out what the implications will be for markets and investors.

From 1 October, card surcharges disappear. Will businesses absorb the cost or pass it on elsewhere?In this episode: Sarah Megginson from Finder explains the change with Tom Kennedy. Paul Bloxham from HSBC shares his interest rate and recession outlook with SBS Finance Editor Ricardo GoncalvesIsaac Poole, chief investment officer at Ascalon Capital, discusses the market and investment opportunities.SBS On the Money is a daily finance podcast where SBS Finance Editor Ricardo Gonçalves unpacks the ASX, the economy and the latest market moves with leading analysts and executives.Listen to more episodes of SBS On the Money, and follow the show on the SBS Audio app, Apple Podcasts, Spotify or wherever you get your podcasts.For the latest news from Australia and around the world, visit SBS News and follow us on YouTube, TikTok, Instagram, Facebook and X.

Australia's jobless rate has climbed. Could a softer jobs market change the outlook for rates?Australia's unemployment rate has risen to 4.6 per cent, but what does that really tell us about the strength of the jobs market and the outlook for interest rates? SBS Finance Editor Ricardo Gonçalves speaks with Westpac senior economist Pat Bustamante about the latest labour force figures and what they could mean for inflation and the RBA. Plus, Tom Kennedy speaks with Adam Dawes from Shaw and Partners about the day's sharemarket moves and the rebound in oil prices.Listen to more episodes of News in Depth. Follow SBS News on the SBS Audio app, Apple Podcasts, Spotify or wherever you get your podcasts. For the latest news from Australia and around the world, visit SBS News and follow us on YouTube, TikTok, Instagram, Facebook and X.

Myer is discounting stock as weak consumer spending continues to weigh on retail.Myer has warned consumer spending remains weak as it discounts stock, but what does that tell us about the health of Australian households and retailers? Ricardo Gonçalves hosts SBS On the Money and speaks with Nick Schoenmaker from Portfolio Construction Partners about the retail outlook, the Australian sharemarket and the latest investor enthusiasm around AI.

The RBA weighs up what the AI revolution could mean for productivity, wages and Australian jobsWhat could the AI revolution mean for Australian jobs and the economy? RBA Governor Michele Bullock shares her view on AI and productivity. Plus, Kai Chen from MPC Markets breaks down the latest tech-driven rally on global sharemarkets. SBS Finance Editor Ricardo Gonçalves hosts.

The big four banks tip another RBA rate rise in September, adding pressure to household budgets.The big four banks now expect the RBA to lift interest rates next week, with ANZ warning thre could be a second by the end of the year, meaning rates could reach 4.85 per cent SBS Finance Editor Ricardo Gonçalves speaks with ANZ Head of Australian Economics Adam Boyton about what that could mean for borrowers, while Capital.com market analyst Kyle Rodda unpacks a flat day for the ASX as traders adjust to higher rates.

SBS Finance Editor Ricardo Gonçalves speaks with Julia Lee from Shaw and Partners about the days market action, including a rate rise from another global central bank, it's implications for Australia, and why more investors are turning to fixed income products.

The US Federal Reserve lifted rates to tackle inflation, so who is next?SBS Finance Editor Ricardo Gonçalves speaks with Harry Murphy Cruise from Oxford Economics and Angus Geddes from Fat Prophets about the US Federal Reserve's decision to lift interest.

The Australian sharemarket rose 0.3 per cent as investors brace for what could be one of the most important interest rate decisions of the year for global markets. To explain, SBS Finance Editor Ricardo Gonçalves spoke with Alice Shen, Portfolio Manager at VanEck.

Oil prices are rising and so are airfares. What it means for travellers and budgets. Australian travellers are being warned to expect higher airfares as surging oil and jet fuel costs put pressure on airline budgets. Host Ricardo Gonçalves speaks with ACCC Chair Gina Cass-Gotlieb about airline competition, capacity cuts and why ticket prices are likely to keep climbing. Plus, the Australian sharemarket falls to a three-month low as investors brace for higher interest rates and rising energy costs. Chris Brycki from Stockspot joins the podcast to break down what's driving markets and what it means for investors.

The Australian sharemarket is on edge ahead of what could be one of the biggest market-moving events of the year: the US Federal Reserve's interest rate decision. Host Ricardo Gonçalves speaks with Armina Rosenberg from Minotaur Capital about why expectations for US rates are shifting, what sticky inflation means for markets, and how investors are positioning themselves. The conversation also explores the rapid rise of artificial intelligence and its impact on investment opportunities.

Oil prices jump 12 per cent in a weekOil has jumped 12 per cent in a week, raising concerns about household costs and financial markets. Matt Wacher from JANA Investment Advisers explains what surging oil prices mean for consumers and investors, while VanEck's James Gil examines record ETF inflows and where Australians are putting their money. Hosted by Ricardo Gonçalves.

More home sellers are abandoning auctionsMore vendors are switching to private treaty after testing the changing property market.Hosted by Ricardo Gonçalves, this episode examines why more home sellers are moving from auction to private treaty. Domain's Nicola Powell explains the changing sales strategy in a conversation with Tom Kennedy, while Peak Asset Management's Niv Dagan unpacks the ASX 200's 1 per cent fall and the pressure from oil prices above US$100 a barrel.

Oil nears $US100 a barrel after attacks on Saudi infrastructure, raising inflation fears and the Australian dollar.Ricardo Gonçalves examines the forces pushing oil prices higher and what they could mean for motorists, with Betashares Senior Investment Strategist Cameron Gleeson. They also unpack the Australian sharemarket's six-week low, changing interest rate forecasts and the Australian dollar's rise against major currencies.

Australia's residential property wealth has fallen for the first time in four years, helping push consumer confidence deeper into pessimistic territory. In this episode of SBS On the Money, Ricardo Gonçalves speaks with Matt Hassan, Senior Economist at Westpac, about what the housing downturn means for homeowners, spending and interest rates. The Australian sharemarket also hits a six-week low, with Stuart Roberts from Stocks Down Under unpacking the market moves, while a weaker French wine harvest could soon mean higher prices for champagne as wine economist Kym Anderson tells Tom Kennedy.

Daniel Martin from Alvia Asset Management goes through today's Australian share market action including plans for Kogan.com CEO Ruslan Kogan to restructure his pay, which would see him receiving the minimum wage.

Housing affordability in Australia has fallen to its worst level on record, with new data showing homeowners in some capital cities are spending more than 60 per cent of their income on mortgage repayments. SBS Finance Editor Ricardo Gonçalves speaks with HIA Senior Economist Tom Devitt about what's driving the affordability crunch and whether easing home values could bring relief. Plus, with the Australian sharemarket closing lower despite an early lift from Wall Street and the Australian dollar hitting a four-month high, Jacqui Newman, Head of Capital Markets at Sharsies, breaks down the day's key market moves.

SBS Finance Editor Ricardo Gonçalves speaks with Tony Weber, of the Federal Chamber of Automotive Industries, about the latest trends shaping Australia's car market. Then, as the Australian sharemarket snaps a three-day losing streak with gains led by the banking sector, David Lane from Focus Partners joins the podcast to unpack the day's market action and what investors should watch next.

Australia's economy grew 0.4 per cent in the June quarter, but Westpac senior economist Ryan Wells explains why weak productivity and inflationary labour costs could still bring another interest rate rise. Plus, Perpetual Head of Investment Strategy Matt Sherwood breaks down the Australian sharemarket's 1 per cent fall as rising oil prices reignited global inflation concerns.

Australia's property downturn is gathering pace just as the busy spring selling season begins. Cotality Head of Research Tim Lawless explains what falling prices mean for buyers and sellers, while VanEck's Jamie Hannah unpacks the Australian sharemarket's subdued session, rising oil prices and higher bond yields.

SBS Finance Editor Ricardo Gonçalves speaks with Piers Bolger from Infinity Asset Management about the day's market action including how investors reacted to Kevin Warsh's speech at Jackson Hole as he offers his earnings season report card.

Australia Post CEO Paul Graham says "we are in the fight of our lives" as it navigates structural change as letter volumes collapse and fierce parcel competition squeezes margins. SBS On the Money looks at what the transformation means for Australians, including the prospect of a $2 stamp, with Paul Graham, while Zoran Kresovic from Blueberry Markets explains why Nvidia's results helped propel tech stocks and the Australian sharemarket higher.

Economists at three of Australia's big four banks have changed their mind and reinstated thier forecasts of an RBA rate rise this year as stubborn inflation fuels expectations of higher borrowing costs. SBS Finance Editor Ricardo Gonçalves speaks with S&P Global Ratings Director of Structured Finance Erin Kitson about what another increase could mean for mortgage holders, while Robert Talevski from Activam breaks down a one per cent fall on the Australian sharemarket and the latest company earnings.

Global bond markets are in freefall - with yields surging to multi-year highs. For concerned share investors, here's a primer from Damien Boey, Portfolio Strategist at Wilson Asset Management. He discusses some of the driving forces, and what it all means for equities, with Rena Sarumpaet.

For the first time, copper profits outstripped its decades-long earnings bedrock of iron ore. Chief Financial Officer Vandita Pant joined Rena Sarumpaet, to discuss copper, plans for South Australia's Olympic Dam expansion, Chinese demand, union disputes in the Pilbara and decarbonisation. And Stephanie Youssef speaks to Raaz Bhuyan of WaveStone Capital, about the day in the markets.

Record annual sales, and rising annual profit have done nothing to stop the worst ever one-day plunge for JB HiFi. Investors showed their concern about Australia's consumer retail environment, after JB HiFi reported a slowdown in the fourth quarter, and in July sales. Rena Sarumpaet speaks to Luke McMillan, Head of Research at Ophir Asset Management.

Telstra posts a $2.4 Billlion dollar annual profit, and docks CEO Vicky Brady $607,000 over July's nationwide outage; More CBA profit-taking; Federal and NSW governments split a $2.5 Billion bailout of Tomago aluminium smelter; Mathan Somasundaram, CEO of Deep Data Analytics, gives his take on the day, speaking to Rena Sarumpaet.

Australia's biggest home lender, Commonwealth Bank, has beaten forecasts with a near $11 billion dollar annual profit. At the same time it warns of how cost-of-living pressures, a slowing Australian economy and global uncertainties are starting to show up in its loan book. Stephanie Youssef speaks to Francesco De Stradis, Investment Advisor at Ord Minnett.

Home borrowers are breathing another sigh of relief, as the Reserve Bank leaves the cash rate at 4.35% for a second consecutive meeting. But a hawkish RBA Governor Michele Bullock makes no bones about the Board's willingness to hike again, to control "still too high" inflation. Rena Sarumpaet speaks to Ebury economist Anthony Malouf. Then Stephanie Youssef gets the views of MIke Jenneke of UBS Global Wealth Management.

A jolt for banking investors, as Westpac flagged a 20-percent drop in Q3 mortgage applications, blaming the combined effects of three interest rate rises this year, and Federal Budget tax changes. Westpac shares slid nearly 6 per cent. David Scutt of StoneX Group tells Rena Sarumpaet, that should CBA offer similar disappointment in Wednesday's annual result, the best days of the month long banking rally may be past.

Ongoing hopes of a US-Iran deal to re-open the Strait of Hormuz have sent the ASX to a second consecutive closing high. The S&P/ASX 200 added 43.8 points, or 0.5%, for a close of 9271.6. Rena Sarumpaet spoke to Hugh Lam, Investment Strategist at Betashares, on a corporate reporting season just heating up, and broader market gains.

The Australian sharemarket has closed at a new record high, amid hopes for an imminent re-opening of the Strait of Hormuz. Rena Sarumpaet spoke to Jun Bei Liu, founder and portfolio manager of Ten Cap Investment Management. She'd had a close eye especially on US corporate reports - none more fascinating than Elon Musk's Spacex, which reported its first quarterly earnings as a public company. Overall, it saw a half a billion US dollar loss, around half that of the same period last year. But revenue nearly doubled to nearly US $8 billion - although the big price tag for growth was capital expenditure - jumping fivefold to US$ 18 Billion.

Researchers at Domain say the profit boom of the past decade is starting to show early signs of weakness. Stephanie Youssef spoke to Domain's Chief of Economics and Reserch, Nicola Powell. Meanwhile, the ASX closed at its highest level since March, surging 1.4%, after a healthy rally on Wall Street. US President Donald Trump's comments - that negotiations to end the Iran war and open the Strait of Hormuz had resumed - triggered a heavy bout of risk-on sentiment. Clive Maguchu, senior strategist with State Street Investment Management, spoke to Rena Sarumpaet.

Australia's property downturn is accelerating - and widening - as higher interest rates and unease over tax changes continue to impact buyer activity. The latest data from Cotality shows national property prices fell 0.7 per cent in July. For more, Jasmine Kassis spoke with Cotality Head of Research Gerard Burg. Also, the Australian share market reversed earlier losses to finish higher, helped by oil prices falling more than five per cent as Donald Trump called off planned strikes on Iran. For more, Rena Sarumpaet spoke with Sarto Advisory analyst David Walsh.

Anthropic has become the second major AI company to reveal one of its AI models hacked into other firms during security testing. For more, Stephanie Youssef spoke with Germaine Tan Shu Ting, Security and AI VP at DarkTrace. Microsoft shares soared to their best day in 18 years, as second quarter results beat expectations. For more, Rena Sarumpaet spoke with Morningstar equity market strategist Lochlan Halloway.

The Australian sharemarket snapped a three-day winning streak, to close 0.8 per cent lower, amid rising risks of inflation emanating from the escalating war in the Middle East. Rena Sarumpaet spoke to Jaqueline Fernley of Arcpoint, about the key driving forces both here and abroad.

The latest data from the ABS shows headline inflation fell from 4 per cent to 3.8 per cent in June. Despite trimmed mean inflation remaining steady at 3.6 per cent, well above the Reserve Bank's 2-3 per cent target range, the unexpected drop in the headline figures has eased concerns of another interest rate hike in August. For more, Rena Sarumpaet spoke to Harry Murphy Cruise, head of Economic Research and Global Trade at Oxford Economics Australia. The Australian share market rose following the data drop. For more, Stephanie Youssef spoke with Jamie Hannah from VaNeck.

Australia's sharemarket climbed to a six-week high ahead of key inflation data, with Todd Hoare from LGT Wealth Management unpacking the day's market moves and why China's growing influence in artificial intelligence is capturing investors' attention. Plus, Stephanie Youssef speaks with Professor Damien Manuel from the Deakin Centre for Cyber Security Research and Innovation about Origin Energy's cyber security breach, which has exposed the data of around 900,000 current and former customers, and what it means for those affected.

The Australian sharemarket has climbed to a six-week high as easing oil prices lifted investor confidence, with technology stocks and the banks leading the gains. With inflation data due on Wednesday and reporting season set to begin with Rio Tinto, SBS Finance Editor Ricardo Gonçalves speaks with Jacki Neumann from Sharesies about why investors should brace for a volatile earnings season, including the growing influence of algorithmic trading.