SBS On the Money

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...

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...

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 retai...

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 ma...

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 combine...

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 Anal...

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...

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. Mea...

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 “ow...

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 a...

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 inflatio...

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...

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 respond...

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 Econom...

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...

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 interes...

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. An...

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 g...

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 su...

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 quar...

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...