SBS On the Money
641 episodes - English - Latest episode: 3 days ago -Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
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Episodes
SBS On the Money: Surprise inflation result pushes back rate cut expectations
April 24, 2024 07:47 - 9 minutes - 8.85 MBInflation in Australia has eased to an annual rate of 3.6% but it is more than expected. SBS Finance Editor Ricardo Gonçalves speaks with Devika Shivakedar from RSM Australia to find out what it means for interest rates, plus Mark Gardner from MPC Markets on the sharemarket reaction.
SBS On the Money: Housing crisis to get worse before it gets better
April 23, 2024 07:20 - 12 minutes - 11.8 MBBusinesses say a signficant concern is the housing crisis which is expected to get worse before it gets better. SBS Finance Editor Ricardo Gonçalves speaks with Stephen Smith from Deloitte Access Economics to find out more, plus the day on the sharemarket with Mathan Somasundaram from Deep Data Analystics.
SBS On the Money: South Australia leads nation's economy & shares rebound
April 22, 2024 08:07 - 11 minutes - 21.5 MBSouth Australia is the nation's leading economy according to CommSec's quarterly State of the States report. John Baldock speaks with Craig James to find out more. Plus SBS Finance Editor Ricardo Gonçalves finds out why the market is breathing a sigh of relief with Elio D'Amato from Stockopedia.
SBS On the Money: Business insolvencies rising, investors spooked by escalating tensions in Middle East
April 19, 2024 07:22 - 11 minutes - 10.9 MBSBS On the ASIC says 10,000 businesses will have called in the administrators this financial year, marking the most in more than 10 years. SBS Finance Editor Ricardo Gonçalves speaks with Patrick Coghlan from CreditorWatch to find out what it says about the economy, plus Jessica Amir from Moomoo goes through the day's sharemarket action as investors react to an escalation in tensions in the Middle East.
SBS On the Money: Australia's unemployment rate rises, so what does that mean for jobs and interest rates?
April 18, 2024 07:58 - 8 minutes - 7.97 MBAustralia's jobless rate rose to 3.8% in March as employment fell by 6,600. SBS Finance Editor Ricardo Gonçalves speaks with Blair Chapman from ANZ to find out what it means for the economy, plus the day on the markets with Ben Richards from Seneca Financial Solutions.
SBS On the Money: Powell points to high US rates for longer
April 17, 2024 07:56 - 5 minutes - 9.97 MBUS Federal Reserve Chair Jermoe Powell sees US interest rates staying high for longer given the nation's resilient economy. SBS Finance Editor Ricardo Gonçalves speaks with Julia Lee from State Street SPDR ETFs State Street Global Advisors for more, including the day's market reaction.
SBS On the Money: Australian dollar hits 5 month low and sharemarket tumbles on international events
April 16, 2024 07:48 - 9 minutes - 8.81 MBStronger than expected US retail sales data reflected the resilience of the US economy, prompting fears the nation may delay expected cuts to interest rates there. SBS Finance Editor Ricardo Gonçalves speaks with Jamie Hannah from VanEck for more including the added concerns about the growing geopolitical risks.
SBS On the Money: ECB holds rates & the relationship between uranium and AI
April 12, 2024 07:52 - 7 minutes - 6.48 MBThe ECB held official interest rates but said it is not tied to the US Federal Reserve saying cuts are on the cards. SBS Finance Editor Ricardo Gonçalves speaks with Dianne Colledge from Morgans for more as she also explains the relationship between uranium and AI.
SBS On the Money: Inflation in the US reignites, so what does that mean for potential interest rates cuts?
April 11, 2024 07:07 - 8 minutes - 7.48 MBSBS Finance Editor Ricardo Gonçalves speaks with Damien Boey from Barrenjoey about the implications of a rise in US inflation to 3.5%
SBS On the Money: Biggest merger reform in 50 years on the way
April 10, 2024 07:32 - 11 minutes - 10.3 MBThe federal government is looking to give the ACCC more power to preside over mergers and acquisitions. Hear from Pradeep Philip from Deloitte Access Economics about what it means, plus SBS Finance Editor Ricardo Gonçalves speaks with Josh Gilbert from eToro for his wrap of the day's action on the sharemarket.
SBS On the Money: What it will take to lift consumer sentiment from historic lows?
April 09, 2024 09:26 - 11 minutes - 10.8 MBOutside of the deep recession of the early 1990s, pessimistic consumer sentiment is now running at its second most protracted period since Westpac started measuring it in the mid-1970s. So SBS Finance Editor Ricardo Gonçalves speaks with Westpac Senior Economist Matt Hassan for more, plus the day on the markets with Raaz Bhuyan from Wavestone Capital.
SBS On the Money: Qantas introduces a new way to redeem points. Will it customers and investors like it?
April 08, 2024 08:51 - 20 minutes - 37.5 MBQantas is introducing a new class of points called Classic Plus. Will it improve customer satisfaction? It'll cost the airline $120m and mean greater ease at using points for flights, so SBS Finance Editor Ricardo Gonçalves speaks with analysts Angus Hewitt, CFA from Morningstar Australia and Alex Pikoulas, CFA from Harper Bernays to find out more. Plus Hans Hendrischke from the University of Sydney looks to the improving relations between China and Australia as investment from the nation falls.
SBS On the Money: ASX down 1.6% since late March record, so what's changed?
April 05, 2024 06:35 - 7 minutes - 6.41 MBSBS Finance Editor Ricardo Gonçalves discusses the outlook for markets and global interest rates with Oreana Financial's Isaac Poole.
SBS On the Money: Is Australia building enough homes?
April 04, 2024 06:54 - 9 minutes - 8.56 MBThe government's target to build 1.2 million homes over the next five years looks increasingly challenging as dwelling approvals hit a stumbling block. Rhayna Bosch speaks with Tom Devitt from the HIA, plus SBS Finance Editor Ricardo Gonçalves discusses the latest household spending data with Moody's Analytics Senior Economist Katrina Ell, and the day on the market with Henry Jennings from Marcus Today.
SBS On the Money: Property listings and distressed sales rise as ASX takes a tumble
April 03, 2024 07:21 - 9 minutes - 8.66 MBProperty listings rose across to nation to more normal levels, but SQM Research's Louis Christopher tells John Baldock, so too did distressed sales, although they're still at below pandemic levels. Plus, SBS Finance Editor Ricardo Gonçalves speaks with Jun Bei Liu from Tribeca Investment Partners about the day's sharemarket action as gold continues to reach new highs.
SBS On the Money: RBA shifts tone, as CBA predicts September rate cut
April 02, 2024 07:07 - 12 minutes - 11.7 MBSBS Finance Editor Ricardo Gonçalves speaks with Commonwealth Bank Senior Economist Belinda Allen for more on interest rates, plus market reaction with Zoran Kresovic from Eightcap.
SBS On the Money: COVID's lasting economic impact four years on as the ASX hits another record
March 28, 2024 07:41 - 11 minutes - 10.5 MBSBS Finance Editor Ricardo Gonçalves speaks with AMP Chief Economist Shane Oliver about the economic lasting impacts of COVID four years after the inital lockdowns began, while Citi's Elizabeth Tian takes a look at the day on the market, including another record high.
SBS On the Money: Inflation steadies but chocolate prices rising
March 27, 2024 06:34 - 14 minutes - 13.6 MBInflation is steady but chocolate prices rise ahead of Easter. SBS Finance Editor Ricardo Gonçalves speaks with Madeline Dunk from ANZ and Grady Wulff from Bell Direct about what today's official inflation report says about the future direction of consumer prices and interest rates, while Rhayna Bosch talks about chocolate with Pia Piggott from Rabobank about the implications of record high cocoa prices.
SBS On the Money: RBA's health check on financial stability and economy
March 22, 2024 06:29 - 11 minutes - 10.7 MBListen to Australian and world news, and follow trending topics with SBS News Podcasts. The RBA's Financial Stability Review painted a benign picture of the economy, but with ongoing risks. Rhayna Bosch speaks with Shane Oliver from AMP for more, plus SBS Finance Editor Ricardo Gonçalves discusses the day's market action with Mahjabeen Zaman from ANZ.
SBS On the Money: Surprise fall in jobless rate pushes out timing for interest rate cuts
March 21, 2024 07:09 - 13 minutes - 12.3 MBSBS Finance Editor Ricardo Gonçalves speaks with Bendigo and Adelaide Bank Chief Economist David Robertson who is expecting interest rates won't fall until 2025 as Australian unemployment rate falls unexpectedly to 3.7% in February. Plus, Gemma Dale from nabtrade looks through the day's market action including the potential three interest rate cuts to come from the US Federal Reserve.
SBS On the Money: Yen weakens despite the Bank of Japan's first interest rate rise in 17 years
March 20, 2024 06:44 - 9 minutes - 8.74 MBThe Australian dollar continues to trade at a near 10 year high against the Japanese Yen a day after the Bank of Japan ended its negative interest rates policy by lifting rates for the first time in 17 years. SBS Finance Editor Ricardo Gonçalves takes a closer look with Chris Weston from Pepperstone and Francesco De Stradis from Ord Minnett.
SBS On the Money: RBA leaves rates on hold but warns inflation war isn't yet won
March 19, 2024 07:35 - 12 minutes - 11.1 MBThe RBA left official interest rates at 4.35% but warns the war on inflation isn't yet won. Hear from Governor Michele Bullock, plus SBS Finance Editor Ricardo Gonçalves speaks with Angela Jackson from Impact Economics and Policy for her take on the decision including when interest rates could start to fall, and the market reaction with Joe Youssef from Areus Asset Management.
SBS On the Money: Postage stamp costs rise & markets wait for global central bank meetings this week
March 18, 2024 07:07 - 8 minutes - 8.1 MBAustralia Post has been given the green light to lift postage stamps for regular letters from $1.20 to $1.50 as fewer people use the service. Rhayna Bosch speaks with Gary Starr from Australia Post to find out more, including why baby boomers are the fastest growing category to spend money in online shopping, plus SBS Finance Editor Ricardo Gonçalves speaks with David Berthon-Jones from Aequitas Investment Partners on the day on the markets including the big week for global central banks.
SBS On the Money: ASX has worst week in six months as dividend season approaches
March 15, 2024 06:44 - 11 minutes - 10.1 MBIs this the correction the Australian sharemarket had to have? After hitting a record high last week, the ASX200 has fallen around 2.5% so SBS Finance Editor Ricardo Gonçalves speaks with Marcus Bodgan from Blackmore Capital for his take on where to next for the market, plus Rhayna Bosch discusses what's in store this dividend season with Craig James from CommSec.
SBS On the Money: Growing number of properties sold to cash buyers & US inflation back up
March 13, 2024 06:17 - 10 minutes - 9.81 MB28.5% of property purchases on Australia's east coast was sold to cash buyers in 2023 highlighting the growing intergenerational divide in the country. SBS Finance Editor Ricardo Gonçalves speaks with PEXA Chief Economist Julie Toth to find out morel, plus the day on the markets with Hebe Chen from IG Markets.
SBS On the Money: Iron ore prices continue to slide
March 12, 2024 07:21 - 9 minutes - 8.91 MBIron ore prices slumped more than 7 per cent overnight, extending its recent slide, so what does that mean for government revenues? Rhayna Bosch speaks with Westpac Senior Economist Justin Smirk, plus SBS Finance Editor Ricardo Gonçalves discusses the day's market moves with Scott Phillips from The Motley Fool.
SBS On the Money: Corporate boardroom gender diversity improving & global markets hit record highs
March 08, 2024 06:27 - 10 minutes - 9.17 MBThe proportion of females on ASX200 boards sits at just over 37%, where 40% is considered the best-practice gender equality goal. But female representation in the role of chair is lacking. SBS Finance Editor Ricardo Gonçalves speaks with Louise Petschler from the AICD to find out more, plus the day on the markets with Omkar Joshi as the US, Frace, Germany and Australian markets hit record highs.
SBS On the Money: ASX hits another record while ACCC outlines new priorities
March 07, 2024 06:47 - 15 minutes - 14.4 MBThe ASX200 hit another record today and the Australian dollar surged as the US Federal Reserve put rate cuts on the table this year. SBS Finance Editor Ricardo Gonçalves speaks with Morningstar Chief Investment Officer Matt Wacher for more, including his take on the banks. Plus, the ACCC's Gina Cass-Gottlieb outlines the consumer monitor's key priorities and shares her concerns about the BankWest closure in WA.
SBS On the Money: Australia's economy crawls as gold hits record high
March 06, 2024 06:41 - 13 minutes - 12 MBAustralia looks to have avoided a technical recession, with its economy expanding by 0.2% in the December quarter. SBS Finance Editor Ricardo Gonçalves speaks with St George Economist Pat Bustamante for more, including why it may still feel like a recession for some people; plus the day on the markets with Luke Laretive from Seneca Financial Solutions including gold's new record.
SBS On the Money: The weak consumer outlook & Bitcoin hits an Australian record
February 29, 2024 06:19 - 9 minutes - 8.62 MBRetail sales rose in January but AMP Senior Economist Diana Mousina tells SBS Finance Editor Ricardo Gonçalves that the outlook is weak, plus hear from Ben Clark from TMS Capital about the day on the sharemarket including the recent surge in the price of Bitcoin.
SBS On the Money: Inflation fall stalls while staples like bread, dairy and rents remain high
February 28, 2024 08:01 - 12 minutes - 11.1 MBInflation in Australia remained at 3.4% with prices remaining high for staples like bread, dairy and rents. SBS Finance Editor Ricardo Gonçalves speaks with CBA Economist Stephen Wu to find out why it still means rates are more likely to move down that up as a result, plus the day on the market including why AI is still dominating discussions with Martin Lakos from Macquarie.
SBS On the Money: Coles says competition is fierce ahead of a inquiry on supermarket prices
February 27, 2024 06:51 - 13 minutes - 12.2 MBColes says competition in the sector is 'fierce' as at faces an inquiry into grocery prices scheduled to start next month and delivered a 4.9 per cent increase in half-year sales. Hear CEO Leah Weckert respond to claims of price gouging in the sector, plus analysis and market reaction with Matt Sherwood from Perpetual.
SBS On the Money: What's behind the AI hype and what does Nvidia have to do with it?
February 23, 2024 07:26 - 19 minutes - 17.8 MBNvidia shares surged more than 16 per cent in the US overnight making it a near US$2 trillion company after it surprassed expectations for earnings and forecasts. So, SBS Finance Editor Ricardo Gonçalves discusses what's behind the AI boom, the future and risks with Loftus Peak CIO Alex Pollak and Grady Wulff from Bell Direct.
SBS On the Money: Will international wi-fi help to improve the reputation of Qantas?
February 22, 2024 06:09 - 15 minutes - 13.8 MBQantas spends big on customers but is it enough to improve its reputation? Qantas is bringing Wi-Fi to its international flights, is buying new planes, has launched new interiors for some aircraft and says to expect lower fares as it posts a 13 per cent decline in half-year profit. SBS Finance Editor Ricardo Gonçalves and Rhayna Bosch speak with market analyst Evan Lucas and aviation expert Ellis Taylor from Cirium.
SBS On the Money: Woolies CEO quits & real wages turn positive
February 21, 2024 07:26 - 13 minutes - 12.4 MBWoolworths CEO Brad Banducci is unexpectedly quitting as the company's food and supermarkets business posts a 5.4% increase in sales amid sector scrutiny. SBS Finance Editor Ricardo Gonçalves looks through the result with MPC Markets Analyst Mark Gardner, plus Westpac's Justin Smirk on the rise in wages and what it means for inflation and interest rates.
SBS On the Money: BHP's nickel dilemma and will an ANZ/Suncorp banking deal hurt competition?
February 20, 2024 07:00 - 17 minutes - 16.2 MBBHP says it is approaching the review into its nickel operations with a great deal of urgency as it posts its fourth largest evern interim dividend. SBS Finance Editor Ricardo Gonçalves speaks with CFO David Lamont, plus hear from Morningstar analyst Nathan Zaia about the implications for an ANZ/Suncorp banking merger which the Competition Tribunal approved today, and the day on the markets with Mathan Somasundaram from Deep Dive Analytics.
SBS On the Money: CEO SERIES: Marnie Baker from Bendigo and Adelaide Bank & Dig Howitt from Cochlear
February 19, 2024 07:54 - 18 minutes - 16.5 MBBendigo and Adelaide Bank CEO Marnie Baker speaks with SBS Finance Editor Ricardo Gonçalves about the economic outlook and why 41 per cent of her borrowers are at least one year ahead on their mortgage repayments, plus Cochlear Dig Howitt on the rise in Cochlear implant awareness, and hear from Stockopedia's Elio D'Amato about the day's market action.
SBS On the Money: Will Taylor Swift's concerts in Australia spur inflation?
February 16, 2024 06:26 - 9 minutes - 9.07 MBTaylor Swift's Eras tour is expected to add more than $400m to the Australian economy, so Rhayna Bosch speaks with Angel Zhong from RMIT to find out if it will add to inflation, plus SBS Finance Editor Ricardo Gonçalves speaks with Jessica Amir from moomoo about the day on the markets.
SBS On The Money: Matt Comyn, Jason Pellegrino, and the latest share market action
February 14, 2024 06:53 - 18 minutes - 16.5 MBCommonwealth Bank CEO Matt Comyn and Domain CEO Jason Pellegrino speak with SBS Finance Editor Ricardo Gonçalves about their businesses, economic outlook and technology as both release their latest set of profit numbers, while James Gerrish from Shaw and Partners takes a look at the latest sharemarket action.
SBS On the Money: Domestic airfares down, but cancellations up
February 13, 2024 07:10 - 12 minutes - 11 MBDomestic airfares are falling but cancellations are rising according to a new ACCC report, so SBS Finance Editor Ricardo Gonçalves takes a closer look at the sector with Chair Gina Cass-Gottlieb plus a look at a very busy day on the markets including news out of Macquarie and CSL with Jamie Hannah from VanEck
SBS On the Money: Take the deal! Why retailers are more open to on-floor discounts
February 12, 2024 07:29 - 8 minutes - 7.51 MBJB Hi-Fi managment are telling staff to 'take the deal' when customers come in-store to haggle. Listen to what CEO Terry Smart had to say about that, plus SBS Finance Editor Ricardo Gonçalves speaks with George Boubouras from K2 Asset Management Ltd about the day's market action including his take on the retail landscape and bad news from CSL.
SBS On the Money: Discretionary inflation is within the RBA's target, so why are interest rates still high?
February 09, 2024 06:58 - 17 minutes - 15.8 MBResearch from the Commonwealth Bank shows while headline inflation at 4.1% is above the RBA's 2-3% target, inflation for discretionary items like take-aways and entertainment is within the range at 2.4%. Non-discretionary inflation, for things like rents and electricty, sits at a much higher 4.8%. SBS Finance Editor Ricardo Gonçalves speaks with CBA Head of Australian Economics Gareth Aird to find out the implication for monetary and fiscal policy, plus all the day's market action with Dianne...
SBS On the Money: What’s being done about high electricity prices?
February 08, 2024 07:06 - 16 minutes - 14.8 MBAGL Energy would be very well aware of the public perception issues with its $399 million half-year underlying profit, up 359 per cent at a time when many Australians are struggling with the rising cost of living. The Bureau of Statistics says electricity prices rose 5.7 per cent since the June 2023 quarter, and had it not been for the government’s Energy Bill Relief rebates, that increase would have been closer to 18 per cent. The annual rate of inflation is 4.1 per cent. So it was interesti...
SBS On the Money: NAB gets a new CEO so which bank is next?
February 07, 2024 06:44 - 10 minutes - 9.47 MBAndrew Irvine will become NAB's new CEO as Ross McEwan prepares to retire so SBS Finance Editor Ricardo Gonçalves speaks with Josh Gilbert from eToro to find out what it means for the bank at a time when speculation mounts of other leadership changes in the sector, plus the fallout from Woodside walking away from a potential merger with Santos.
SBS On the Money: RBA holds rates but cannot rule out another increase
February 06, 2024 08:26 - 12 minutes - 11 MBThe RBA has warned further increases to interest rates cannot be ruled out as it leaves the cash rate at 4.35% in February. SBS Finance Editor Ricardo Gonçalves speaks with Jarden Group Chief Economist Carlos Cacho to find out more, plus the market reaction with Catherine Allfrey from Wavestone Capital.
SBS On the Money: The RBA in 2024
February 05, 2024 07:19 - 10 minutes - 9.6 MBThe RBA is expected to signal that it is done with lifting interest rates when it releases its first monetary policy decision for the year. SBS Finance Editor Ricardo Gonçalves speaks with Deuscue Bank Chief Economist Phil O'Donaghoe to find out more, including the structural changes happening at the central bank this year, plus the day on the sharemkaret with Alex Pikoulas from Harper Bernays.
Jobless rate stays at 3.9 per cent - but rate cuts still some time away
January 18, 2024 08:57 - 15 minutes - 13.8 MBAustralia's unemployment rate remained at 3.9 per cent in December bit more than 100,000 full-time positions were lost. SBS Finance Editor Ricardo Gonçalves speaks with Craig James from CommSec to explain, plus Stefan Vogel from Rabobank tells Rhayna Bosch that the Red Sea conflict could have major implications for the nation's agribusiness sector and consumer prices, and the day on the markets with Gemma Dale from nabtrade.
ASX and Australian dollar at a one month low
January 16, 2024 18:40 - 7 minutes - 7.22 MBThe Australian sharemarket and dollar have hit a one month low, despite riding a wave of positive sentiment at the beginning of the year. SBS Finance Editor Ricardo Gonçalves finds out why with Julia Lee from State Street Global Investors, plus Matthew Hassan from Westpac takes a look at how consumers are feeling at the moment.
SBS On the Money: Uranium stocks continue to power up
January 15, 2024 07:42 - 8 minutes - 7.91 MBUranium stocks continue to rise in an otherwise quiet market. SBS Finance Editor Ricardo Gonçalves takes a look with David Berthon-Jones from Aequitas while Matt Cowgill from Seek preview's Thursday's market moving official jobs data.
SBS On the Money: The global inflation yo-yo
January 12, 2024 06:36 - 11 minutes - 10.5 MBInflation in the US has accelerated potentially delaying interest rate cuts there while prices in China continues to decline. SBS Finance Editor Ricardo Gonçalves discusses the implications with Hong Kong based economist Janu Chan and Blackmore Capital's Marcus Bogdan including the fallout of the escalating conflict in the Red Sea.