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The S&P/ASX 200 Index closed down 9.7 points, or 0.1 per cent, to 8570.4, with seven out of the 11 sectors falling, led by industrials, investors continued to pile into bitcoin with the price increasing to $US120,000 for the first time, the Aussie company looking to cure cancer, and iconic retailer Country Road closes one of its flagship Sydney stores. MARKET WRAP: ASX200: Down 9.70 points or 0.11% to 8,570.40 GOLD: $3,366 USD per ounce BITCOIN: $185,452 for one coin CURRENCY UPDATE: AUD/USD: 66 US Cents AUD/GBP: 49 British Pence, AUD/EUR: 56 Euro Cents AUD/JPY: 97 Japanese Yen AUD/NZD: $1.10 New Zealand Host: Scott Haywood Executive Producer: Nelson Scott Technical Producer: Liam Achurch Publisher: Nine RadioSee omnystudio.com/listener for privacy information.
The ASX 200 Index rallied 50.6 points, 0.6 per cent, to 8589.2, just shy of its record close of 8603 set last week, Silicon Valley chipmaker Nvidia has become the first publicly traded company to surpass a $US4 trillion market valuation, and New data shows Australian household spending increased in June by 0.3%. Host: Scott Haywood Executive Producer: Nelson Scott Technical Producer: Liam Achurch Publisher: Nine RadioSee omnystudio.com/listener for privacy information.
The ASX 200 dropped on Wednesday as US President Donald Trump ramped up his trade war, Shadow Treasurer Ted O’Brien reacts to the tariffs and the RBA’s decision to keep interest rates on hold at 3.85% and the State of Origin Rugby League delivers a massive boost to the nation's economy.See omnystudio.com/listener for privacy information.
The RBA has defied the expectations of economists, the market and brokers by keeping rates on hold at 3.85%, Australian Defence Companies are hoping to benefit from increased military spending in Europe and tips for small business owners to ensure they are wage compliant. Host: Scott Haywood Executive Producer: Nelson Scott Technical Producer: Liam Achurch Publisher: Nine RadioSee omnystudio.com/listener for privacy information.
Trump announces that countries will have until August 1st until his new tariffs kick in, economists expect a rate drop at tomorrow's RBA meeting, people are going cold at home because they don’t want a big electricity bill, and should we be doing more to teach our kids about money. Host: Scott Haywood Executive Producer: Charlie Meller Technical Producer: Liam Achurch Publisher: Nine RadioSee omnystudio.com/listener for privacy information.
Donald Trump to start sending out letters, with not all trade deals to get done by the July 9 deadline. PM Albanese sets out his next three years of economic hopes and wishes. And the ASX finishes the week in uncharted waters. Email us your thoughts to moneynews@nine.com.au Hosted by: Tom StoreySee omnystudio.com/listener for privacy information.
The ASX dropped, then fought back, as a big player in retirement living stretched its legs on the ASX. This will be Deb Knight's last edition of the Market Wrap podcast, with Scott Haywood and Evan Lucas to pick up hosting duties in the weeks to come. The team at Money News wish her all the best for the future!See omnystudio.com/listener for privacy information.
ASIC warns super customers around pushy sales tactics; GemLife hits the ASX as the next big IPO; class action launched against AMP Superannuation; meat prices in restaurants not flowing through to beef producers; Tony Sycamore joins us for the Market Wrap; and Deb Knight hosts her final edition of Money News Host: Scott Haywood Executive Producer: Tom Storey Technical Producer: Liam Achurch Publisher: Nine RadioSee omnystudio.com/listener for privacy information.
The ASX reaches another all time record high close; Australians suffering from ‘blind spots’ on their financial affairs; the One Big Beautiful Bill Act passes US Senate; super funds outpace the Australian share markets; retail sales give hint to rate cuts; Qantas suffers cyber attack; the banks team up for a new processing system; and Grady Wulff joins us for the Market Wrap. Host: Deborah Knight Executive Producer: Tom Storey Technical Producer: Francis Fuller Publisher: Nine RadioSee omnystudio.com/listener for privacy information.
The new financial year starts; Sally McManus pushes back on super changes; Donald Trump tries to sell rice to Japan; Australian property prices keep rising; outlook for insurers looking promising; looking ahead on how to start your own small business; and Evan Lucas joins us for the Market Wrap. Host: Deb Knight Executive Producer: Tom Storey Assistant Producer: Nelson Scott Technical Producer: Francis Fuller Publisher: Nine RadioSee omnystudio.com/listener for privacy information.
The 2024-25 Financial year comes to an end with the ASX up 10%; the US gets closer to trade deals; a company driving medical innovation hits the ASX; the ACCC goes after Bupa; James Hardie gets its takeover target; investors turn to private credit; Netflix taking up more of our TV time; and Adam Dawes joins us for the Market Wrap Host: Deborah Knight Executive Producer: Tom Storey Assistant Producer: Nelson Scott Technical Producer: Francis Fuller Publisher: Nine RadioSee omnystudio.com/listener for privacy information.
After a year dominated by trade tensions, a deal between the US and China looks to be done. Australians continue to fear the taxman – but should we turn to AI and social media to get our EOFY tasks done? And the ASX takes a nose dive after the open to finish in the red for the week. Interview with Angad Soin, Xero's Managing Director ANZ and Global Chief Strategy Officer Email us your thoughts to moneynews@nine.com.au Hosted by: Tom StoreySee omnystudio.com/listener for privacy information.
See omnystudio.com/listener for privacy information.
Australian inflation drops unexpectedly to 2.1%, prompting calls for rate cuts sooner; a slowdown in Chinese EV production; Xero makes a big purchase; sorting your super before EOFY; Aldi still reigns supreme as the cheapest supermarket; and Carl Capolingua joins us for the Market Wrap. Host: Scott Haywood Executive Producer: Tom Storey Technical Producer: Liam Achurch Publisher: Nine RadioSee omnystudio.com/listener for privacy information.
Markets breathe a sigh of relief as ceasefire talk drops the oil price; Virgin relists on the ASX; NSW & Qld state budgets drop with more debt & deficit; KFC loves teen customers; the outlook for small businesses as the new financial year closes in; and Henry Jennings joins us for the Market Wrap. Host: Deb Knight Executive Producer: Tom Storey Technical Producer: Liam Achurch Publisher: Nine RadioSee omnystudio.com/listener for privacy information.
The markets wait for any news out of Iran following an attack by the US; the oil price spikes; looking at the defence stocks that may benefit; the rise of the ‘infinite workday’; Australia Post to raise prices; Metcash loses sales of tobacco; how to save $7000 this end of financial year; and Di Colledge joins us for the Market Wrap Host: Scott Haywood Executive Producer: Tom Storey Technical Producer: Liam Achurch Publisher: Nine RadioSee omnystudio.com/listener for privacy information.
Full show - Thursday | GMD - Is dad's new girlfriend just after his money? | News or Nope - Juneteenth and finally an answer to T. Hack's story from yesterday | Erica's dog is unneutered and uncontrollable | What's wrong with us? | Erica swears she isn't a bridezilla | Sabrina Carpenter wants to ban phones at her concerts | Stupid stories www.instagram.com/theslackershow www.instagram.com/ericasheaaa www.instagram.com/thackiswack www.instagram.com/radioerin
Exiting politics and straight into the banking lobby – Simon Birmingham gets a new gig. Missing out on a face-to-face meeting with the US, does Anthony Albanese now turn to other markets on trade? It could affect your credit score under new laws, so should we be more wary of BNPL services? Lacking action all week, the ASX 200 finishes Friday trade in the red. Interviews with Leigh Howard, Asialink Business CEO & Carrie Cheung, Head of Insights at Equifax Email us your thoughts to moneynews@nine.com.au Developed & Hosted by: Tom StoreySee omnystudio.com/listener for privacy information.
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 RadioSee omnystudio.com/listener for privacy information.
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 RadioSee omnystudio.com/listener for privacy information.
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 RadioSee omnystudio.com/listener for privacy information.
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 RadioSee omnystudio.com/listener for privacy information.
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.auSee omnystudio.com/listener for privacy information.
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 RadioSee omnystudio.com/listener for privacy information.
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 RadioSee omnystudio.com/listener for privacy information.
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 RadioSee omnystudio.com/listener for privacy information.
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 RadioSee omnystudio.com/listener for privacy information.
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.auSee omnystudio.com/listener for privacy information.
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 RadioSee omnystudio.com/listener for privacy information.
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 RadioSee omnystudio.com/listener for privacy information.
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 RadioSee omnystudio.com/listener for privacy information.
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 RadioSee omnystudio.com/listener for privacy information.
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.auSee omnystudio.com/listener for privacy information.
See omnystudio.com/listener for privacy information.
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 RadioSee omnystudio.com/listener for privacy information.
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 RadioSee omnystudio.com/listener for privacy information.
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 RadioSee omnystudio.com/listener for privacy information.
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.auSee omnystudio.com/listener for privacy information.
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 RadioSee omnystudio.com/listener for privacy information.
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 RadioSee omnystudio.com/listener for privacy information.
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 RadioSee omnystudio.com/listener for privacy information.
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 RadioSee omnystudio.com/listener for privacy information.
Jim Chalmers looks set to go after superannuation accounts of over $3 million as the government looks to plug budget deficits. The Reserve Bank has a big decision to make when it meets next week. And the local sharemarket STILL can’t be stopped. Interview with Jacki Ellis, Head of Retirement at AustralianSuper Email us your thoughts to moneynews@nine.com.auSee omnystudio.com/listener for privacy information.
A jobs surge puts the next few rate cuts into question; household spending still stagnant; Xero reports growth in both profit and revenue; and the Market Wrap. MARKET WRAP: ASX200: up 0.22%, 8,297 GOLD: $3,180 US/oz BITCOIN: $158,540 AUD Xero reported after tax profit growth of 30% to $227.8 million NZD, helping shares rise 4.7% to $182.05 The tech sector overall was stronger, with Wisetech rising 1.9% and Technology One up 1.3%. IAG rose 5.7% to $8.90 as it said it would acquire RAC Insurance in a $1.35 billion deal. The banks were all positive, with the Big Four all higher, and Macquarie recovering 1.2% after yesterday’s ASIC lawsuit. Changes at the top of Treasury Wine Estates was enough to tank its share price, falling 5.2% on the announcement of its next CEO. A deal between Lendlease with Britain’s The Crown Estate – owned by the royal family and King Chalres – for development projects didn’t wow the market. Shares slid 1.6% to $5.39. BHP, Fortescue and Rio Tinto marginally weaker. CURRENCY UPDATE: AUD/USD: 64.3 US cents AUD/GBP: 48.5 pence AUD/EUR: 57 Euro cents AUD/JPY: 95 Japanese yen AUD/NZD: 1.09 NZ dollars Host: Deb Knight Executive Producer: Tom Storey Technical Producer: Liam Achurch Publisher: Nine RadioSee omnystudio.com/listener for privacy information.
Australian wages make a surprise leap to 3.4% growth; ASIC goes after Macquarie over short selling reporting; a surge in refinancing; Commonwealth Bank reveals another stunning quarterly profit; should we be getting our financial messaging from social media?; and Carl Capolingua joins us for the Market Wrap. Host: Deb Knight Executive Producer: Tom Storey Technical Producer: Liam Achurch Publisher: Nine RadioSee omnystudio.com/listener for privacy information.
Host: Deb Knight Executive Producer: Tom Storey Technical Producer: Liam Achurch Publisher: Nine RadioSee omnystudio.com/listener for privacy information.
The US and China announce the details of their new trade deal, both announcing big cuts to their tariffs, but not calling them off, Pharma stocks take a tumble off the back of comments from the US president, Bitcoin prices skyrocket to a 3 month high, and a company making an ethical AI companion that can be a friend, a mentor… and a lover! Host: Deborah Knight Executive Producer: Charlie Meller Technical Producer: Liam Achurch Publisher: Nine RadioSee omnystudio.com/listener for privacy information.
A new trade deal between Britain and the US, The Federal Reserve leaves rates on hold, Could Vietnam be Australia’s next big trading partner, some flat results from ANZ lead to a drop in share price, and is the huge amount of money spent on election ads actually worth it? Hosts: Deborah Knight Executive Producer: Charlie Meller Technical Producer: Liam Achurch Publisher: Nine RadioSee omnystudio.com/listener for privacy information.
Talks between the US and China could mean an end to the trade war, Australian cattle prices reach a 2 year high, the healthcare sector takes a tumble, polygamous workers are the new trend thanks to working from home, and the company coming to Australia to try and fix our terrible call centres. Host: Deborah Knight Executive Producer: Charlie Meller Technical Producer: Liam Achurch Publisher: Nine RadioSee omnystudio.com/listener for privacy information.
The business of fashion in Australia struggles to get local production moving as stars wow with their outfits at the Met Gala, big banks continue to struggle on the back of poor results from Wespac, A surge in the tech sector with a Melbourne company landing a huge AI contract, and the importance of succession planning for small businesses. Host: Deb Knight Executive Producer: Charlie Meller Technical Producer: Liam Achurch Publisher: Nine RadioSee omnystudio.com/listener for privacy information.