Money News

The oil price continues to rise – good news for energy companies, but placing pressure on the Aussie dollar.

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Rupert Murdoch has stepped down from his media empire, so will revenue stall with his heir sitting in the company throne?

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As China relations start to repair, Australian politicians and businesses have used the break to look to the prosperity of India.

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Brickworks’ profit has fallen by 54% to $395 million, but could a government push on construction help to boost the industry?

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A jump in oil prices saw ASX energy companies finish the day higher, but has placed huge pressure on the Aussie dollar in the process.

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Australia’s inflation rises for the first time in months, potentially setting up another rate rise on the horizon; Qantas heads face a Senate inquiry on the decision to block Qatar Airways; Chinese travellers bring hope for the local tourism industry; PwC’s “profit first” culture blamed for problems; and Jessica Amir joins us for the Market Wrap.

Host: Warren Moore

Executive Producer: Tom Storey

Technical Producer: Michael Robertson

Publisher: Nine Radio

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Chinese tourists will make their way back into the country, giving hope for a boost towards Australia’s tourism sector.

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Markets are settling in for a tougher time, with most expecting interest rates to be higher for longer.

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Australia’s monthly inflation reading rose for the first time in 4 months, jumping from 4.9% in July to 5.2% in August, but not all hope is lost.

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The ASX 200 flirted with dipping below the 7000 point mark, as monthly CPI data revealed the pain of petrol prices.

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While heavy rainfalls might have delivered good conditions for farmers, an oversupply of sheep is now causing the price per head to drop dramatically.

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Daniel Andrews leaves the top job in Victoria, and leaves lots of work to do on the state budget; Qantas stock downgraded by brokers; energy prices leave customers needing help; prices for sheep plummet after an oversupply of the livestock; and Gavin Wendt joins us for a commodity-focused Market Wrap.

Host: Warren Moore

Executive Producer: Tom Storey

Technical Producer: Michael Robertson

Publisher: Nine Radio

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Daniel Andrews has resigned from his position as Victorian Premier, but he doesn’t leave the state budget in very good health at all.

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The iron ore price has softened again, hurting Australian miners, while the price of uranium has shot up to record levels.

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A positive day for healthcare wasn't enough to offset losses across the ASX, down another half a percent today.

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The government’s white paper on employment sets out a new agenda, but business isn’t completely on board; another hurdle in the way for Qantas as fuel prices spike; businesses start to go cashless; the iron ore price sinks dragging the miners with it; cost of living challenges lead to people justifying stealing; ; and Elio D’Amato joins us for the Market Wrap.

Host: Warren Moore

Executive Producer: Tom Storey

Technical Producer: Michael Robertson

Publisher: Nine Radio

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Cost of living challenges have affected our habits, with some believing pressures mean that theft can be justified.

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The iron ore price tumbled, hurting our miners, with the feeling that China can’t be relied on to keep propping up prices.

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The government has released its white paper in employment, flagging changes for pensioners, TAFE students & implementing a national skills passport.

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Iron ore prices tumbled hurting the local share market, but it was the government's workplace agenda that was making waves today.

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The US Federal Reserve keeps rates on hold, but signals that there could be more to come; the Australian share market sinks on US decision; former Treasurer Josh Frydenberg picks Goldman Sachs over politics; Australians staying put in their houses for longer according to Domain; generic pharmaceuticals helps Acrux in the US; the top 50 hotels around the world revealed; and Craig James joins us for the Market Wrap.

Host: Scott Haywood

Executive Producer: Tom Storey

Technical Producer: Michael Robertson

Publisher: Nine Radio

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An Australian pharmaceutical company is taking on the US market with its range of topical products, lifting its revenue by 390% over the last year.

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The US Federal Reserve has continue to target inflation as its number one priority, as the Australian market tumbles following a bad lead from Wall Street.

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Australians are staying put, with stamp duty, interest rates and a love for where they live all causing Domain’s Tenure Index to rise higher.

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The US Federal Reserve has left rates on hold, but markets did not like the warning that there would be more to come by the end of the year, and tighter settings through 2024.

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The big banks face the Senate over branch closures; state governments start the ball rolling on housing supply; Alan Joyce’s final payday revealed; US rates decision to happen overnight; UK inflation drops unexpectedly; family businesses prepare for the best & worst; Spring selling season upon the property market; and Kyle Rodda joins us for the Market Wrap.

Host: Scott Haywood

Executive Producer: Tom Storey

Technical Producer: Kayne Stephens

Publisher: Nine Radio

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The Spring selling season for property is upon us, but it could be a flatter year than most with demand to buy currently underwhelming.

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Running a business is tough enough, but doing it with family can lead to a whole set of extra problems to contend with.

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A landmark US rates decision overnight, but markets have been buoyed by an unexpected drop in UK inflation.

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State governments are pledging billions of dollars to sort Australia’s housing crisis, but will we have the labour to do the job?

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Another half a percent was wiped off the Australian share market today in anticipation of the Fed's movement on rates, while the banks are criticised for branch closures in a Senate hearing.

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The NSW government hands down its first budget, with public sector workers winning; budget repair crucial for moving forward; global markets await the US Fed decision; New Hope posts a record profit on strong coal prices; what to do after finishing school; Costello warns on inflation target; petrol prices to remain high; and Campbell Stevens joins us for the Market Wrap.

Host: Scott Haywood

Executive Producer: Tom Storey

Technical Producer: Michael Robertson

Publisher: Nine Radio

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Coal miner New Hope posted a record profit of more than $1 billion dollars, following a huge year for coal prices.

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Global markets await the decision by the US Fed later in the week over what it will do next with rates.

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With New South Wales delivering its budget today, the question is asked about whether our government are doing enough for budget repair.

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The New South Wales govt will look to pump more money into the public sector, but the money will be found in extra coal royalties & increased taxes on big businesses.

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Michele Bullock takes over as the head of the Reserve Bank; banking competition needed to remain strong around the world; private equity firm wipes $100m of value from Costa Group; US Fed to decide on rates; Australians investing less than a year ago; and Adam Dawes joins us for the Market Wrap.

Host: Scott Haywood

Executive Producer: Tom Storey

Technical Producer: Michael Robertson

Publisher: Nine Radio

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Australians are taking a conservative approach to investing over the last year, following rises in interest rates.

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Fears of a US Fed rate hike has sent tech stocks lower, but will Jerome Powell & co actually move, or are they done?

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It’s been the year of bank drama, so how does competition within the sector stack up when you compare Australia to the rest of the world?

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A drop in the Nasdaq on Friday saw Australian tech stocks tumble today, but it's still been a bumper last 12 months for the sector.

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Unemployment stays steady at 3.7%; petrol prices remain high on OPEC cuts and the weaker Aussie dollar; headline inflation in the US heads upwards; Australia’s freight industry gives insight into SME pain; EV lending becomes popular as strong uptake continues; and Scott Phillips joins us for the Market Wrap.

Host: Scott Haywood

Executive Producer: Tom Storey

Technical Producer: Michael Robertson

Publisher: Nine Radio

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The latest US CPI numbers saw headline inflation rising, putting the chance of more rate rises on the table. But did that do anything to alter the local market?

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The EV revolution rolls on, with one company harnessing AI tech to provide lending for the vehicle market..

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The health of Australia’s freight industry gives a good insight into how SMEs are tracking, but do they need more government assistance?

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Unemployment has remained steady at 3.7%, suggesting that businesses are absorbing the interest rate rises without breaking.

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The Australian unemployment rate remained steady at 3.7%, suggesting interest rate rises are cooling the economy without putting it in a freeze.

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Qantas hits more turbulence with the High Court knocking back an appeal; stamp duty & oil prices fire up listeners; banks play around with rates; more women looking to get into property investment; Australians reveal their most & least trusted professions; and Rick Squire takes a look at the commodity markets with us in the Market Wrap.

Host: Scott Haywood

Executive Producer: Tom Storey

Technical Producer: Michael Robertson

Publisher: Nine Radio

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Australia’s most & least trusted jobs have been revealed, but do ethics ever play a role in career choice?

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While Queensland investors abandon the property market due to state regulations, a new breed of financial experts could take over.

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As we transition to a renewable energy future, Australians lithium and rare earth element supplies will play a vital role.

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Qantas continues to run into turbulence, with the High Court rejecting its appeal over the sacking of 1700 workers during the pandemic era. So where to shift the blame now?

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Qantas loses its appeal in the High Court against sacked workers, while the ASX follows Wall Street to lose ground again.

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Consumer confidence continues to drop, despite recent interest rate pauses; proposals for property added to the mix; burrito kings look towards the ASX; lithium once again the flavour of the week; property investors leave the market as state regulations start to kick in; and Evan Lucas joins us for the Market Wrap.

Host: Scott Haywood

Executive Producer: Tom Storey

Technical Producer: Michael Robertson

Publisher: Nine Radio

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Consumer confidence continues to plummet, despite a halt in interest rate rises, with inflation fears continuing to worry.

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Property investors are leaving the market, spelling bad news for tenants, as state regulations start to take hold.

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Lithium continues to be the speculative stock of choice, with Gina Rinehart’s Hancock Prospecting getting in on the action.

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The ASX 200 continued its fight back, despite consumer confidence being at its worst point in 30 years.

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The government has secured a deal with the Greens to pass its HAFF legislation, but who will build the houses?

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The government shakes hands with the Greens on the Housing Australia Future Fund; incoming Productivity Commission boss looks at the super accounts of retirees; AI technology not quite up to scratch at stock-picking yet; remembering the market implications of September 11 attacks; and Elio D’Amato joins us for the Market Wrap.

Host: Scott Haywood

Executive Producer: Tom Storey

Technical Producer: Michael Robertson

Publisher: Nine Radio

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Proposed changes to taxation for retirees are amongst the changes the new Productivity Commission head has floated.

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It’s looking like calmer seas on interest rates in the year ahead, but which stocks will benefit from the change in tide?

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The AI revolution is coming, but how does the advanced technology stack up when it comes to picking stocks?

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The ASX 200 climbs into positive territory again, as the government brokers a deal with the Greens that will see extra housing construction in the works.

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Despite interest rates being on hold for another month, we heard today that the rise of mortgagee in possession and receiver sales continue to soar in commercial real estate…Peter Vines from Ray White Commercial Western Sydney explains why the landscape is very different to residential. 

There’s a long-held belief that only young people stream. Everyone owns a computer and a phone these days regardless of age and Ben Willee from Spinach Advertising explains how advertisers reach their audience as people moves away from traditional media

They say technology has made the wealth-building power of the stock market more accessible than ever and you can now get started with just a few cents…Alec Renehen, author of Don’t Stress Just Invest explains how beginners can jump in.

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Scott and Ben discuss advertising spending in the last quarter.

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The rise of mortgagee in possession and receiver sales continues to soar in commercial real estate

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10 Million Aussies don’t have a will.

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How Zero-Emission Commercial Flights Could Become Reality By 2025.

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Scott and Warren discuss GDP results. 

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Plenty of feedback to the news that Qantas CEO Alan Joyce was stepping down two months early. The other big story today was Phillip Lowe leaving the RBA after his final rate decision which saw rates stay on hold. Economist Shane Oliver from AMP Capital gives Scott his thoughts on both departures.

Scott also found out about a tech start up called Weebit Nano which launches on the ASX this month and new research finds around half of Aussies have no confidence in the RBA

Presenter: Scott Haywood

Executive Producer: Kayley Harris

Technical Producer: Michael Robertson

Publisher: Nine Radio

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Nearly half of Aussies are not confident in the RBA.

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Innovative technology business, Weebit, is set to revolutionise low power and extended memory storage. 

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Scott and Shane discuss the RBA's decision to keep interest rates on hold.

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The much awaited IR reforms announced today in Parliament haven’t received universal support with Jessica Tinsley from the Australian Chamber of Commerce and Industry told Scott Haywood the reforms are a win for the unions. CoreLogic’s national Home Value Index marked a sixth consecutive monthly rise, with only 1 capital city recording a slow down and an exploration business is in the early-stages of developing renewable energy opportunities.  

Presenter: Scott Haywood

Executive Producer: Kayley Harris

Technical Producer: Michael Robertson

Publisher: Nine Radio

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Botala has announced a commercial pilot production programme of its coal bed methane (CBM) Project in Botswana.

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Join Scott and Tim as they discuss CoreLogic's Home Value Index for August and outlook for Spring.

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The government looks to introduce new gig economy laws; ACCC to sue Qantas over flight cancellations; reporting season finishes with better than expected results across the period; Australians look to downsizing to help with the property crisis; Australia Post loses $200 million across the year; APRA to contact customers of failing super options; and Scott Phillips joins us for the Market Wrap.

Host: Scott Haywood

Executive Producer: Tom Storey

Technical Producer: Michael Robertson

Publisher: Nine Radio

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While Australia’s housing crisis rolls on, older Australians are being encouraged to downsize to free up equity and take the hassle of a larger property off their hands.

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Reporting season has come to an end, so we look back on the big winners & losers across the period.

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Small businesses will be put under increased cost pressures should the government’s proposed industrial relations changes pass through parliament.

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Harvey Norman typified the retail experience across earnings for FY23, with profit and revenue diving, while the ASX200 remained steady.

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Inflation drops again over the month down to 4.9%; the RBA tipped to stay steady on rates; Sydney house prices above where they were a year ago; US jobs numbers put pressure on The Fed; Flight Centre pushes for government to open up capacity; ASIC writes to the banks on mortgage stress; and Carl Capolingua joins us for the Market Wrap.

Host: Scott Haywood

Executive Producer: Tom Storey

Technical Producer: Michael Robertson

Publisher: Nine Radio

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Flight Centre has turned itself around following a couple of bleak years, but the company will push for extra capacity as the government blocks a deal for Qatar Airways to land in Australia.

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Good inflation data sent the markets soaring higher, while US jobs numbers could see the Fed also pause on rates when it next meets.

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The monthly inflation rate dropped more than expectations in July to 4.9%, suggesting that the Reserve Bank might pause when it meets on rates next month.

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A better than expected monthly inflation result has sent the market rocketing, with investors now expecting the RBA to put off any chance of a rate hike in September.

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Incoming RBA Governor lays out her plan on climate; disaster recovery growing as natural disasters occur; federal politicians get a pay rise; Queensland salaries growing the fastest; BNPL payments starting to turn earnings around; private Great Barrier Reef island on sale; and Evan Lucas joins us for the Market Wrap.

Host: Scott Haywood

Executive Producer: Tom Storey

Technical Producer: Michael Robertson

Publisher: Nine Radio

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The Buy Now, Pay Later space isn’t quite at the forefront of the payments system just yet, but companies including Zip are looking ready to start growing their earnings.

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Bubs Australia has seen trouble at board level, and a slowdown from China, but will the appointment of a new CEO steer them in a better direction?

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Natural disasters are a part of Australian life, but someone has to do the rebuilding afterwards. Enter Johns Lyng Group, which has increased its profits to almost $63 million dollars over the last financial year.

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The way we pay was in focus today, with rising interest rates affecting the performance of several high profile payment companies. The ASX meanwhile continued its rally, finishing in the green again.

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The CEO of Fortescue steps down from the top job as the company’s earnings drop; Qantas in the firing line as Alan Joyce & the government defend the company; the Matildas give takeaway retailing a shot in the arm; shoppers turn to Kmart as Wesfarmers profits soar; China’s markets react to the first waves of stimulus; and Elio D’Amato joins us for the Market Wrap.

Host: Scott Haywood

Executive Producer: Tom Storey

Technical Producer: Michael Robertson

Publisher: Nine Radio

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We might not be spending as much on retail, but when we do we’re spending it at cheaper outlets like Kmart, and that’s helped Wesfarmers to a monster profit over the last financial year.

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