SBS On the Money
687 episodes - English - Latest episode: 5 days ago -Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
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Episodes
ASX has worst week in more than a year & Rupert Murdoch steps down
September 22, 2023 07:48 - 9 minutes - 8.32 MBThe Australian sharemarket had its worst week of the year so SBS Finance Editor Ricardo Gonçalves speaks with Marcus Bogdan from Blackmore Capital to find out more & UBS Analyst Evan Karatzas explains why food prices will remain high.
SBS On the Money: Has China reached an inflection point?
September 18, 2023 08:57 - 9 minutes - 8.47 MBSBS Finance Editor Ricardo Gonçalves speaks with Raymond Chan, Head of Asian Desk at Morgans about the renewed interest in China as its economy responds to stimulus.
SBS On the Money: Petrol price warning and the US and China data boosts share market
September 15, 2023 07:42 - 10 minutes - 20 MBPetrol prices are likely to continue to rise as the global oil price surges to its highest so far this year. Rhayna Bosch speaks with Vivek Dhar, Mining and Energy Commodities Research Director at the Commonwealth Bank for more. Plus SBS Finance Editor Ricardo Gonçalves speaks with Kyle Rodda from Capital.com about the Australian sharemarket which ended the week higher thanks to positive economic data out of China and the US.
SBS On the Money: Is there some heat coming out of the jobs market?
September 14, 2023 09:43 - 9 minutes - 8.5 MBAustralia's August unemployment rate remained steady at 3.7% as 64,900 jobs were created. SBS Finance Editor Ricardo Gonçalves speaks with Barrenjoey Senior Economist Johnathon McMenamin for more plus find out why Chris Weston from Pepperstone is increasingly talking to his clients about the direction of energy prices.
SBS On the Money: Will the Apple iPhone's move to USB-C really make a difference?
September 13, 2023 08:20 - 14 minutes - 13.6 MBAfter forcing its users to use its own charging technology, Apple is falling into line with other smartphone makers in adopting the use of UBS-C cables on its new iPhone 15. SBS Finance Editor Ricardo Gonçalves speaks with Trevor Long from EFTM to find out more plus Francesco De Stradis from Ord Minnett on the day's market action including the latest Qantas saga.
SBS On The Money: Gender balance on Australian boards improve
September 11, 2023 08:03 - 11 minutes - 20.8 MBFemale representation on the boards of ASX300 companies has reached a record high so Rhayna Bosch speaks with Dean Paatsch from Ownership Matters to find out why more work still needs to be done + SBS Finance Editor Ricardo Gonçalves speaks with David Scutt from City Index for a wrap of the markets.
SBS On the Money: Super fund sued for not consolidating accounts + China economy
September 08, 2023 08:41 - 12 minutes - 11.6 MBASIC is taking AustralianSuper to court for allegedly failing to consolidate the accounts of more than 90,000 members. Rhayna Bosch speaks with Xavier O'Halloron from Super Consumers Australia for more, plus SBS Finance Editor Ricardo Gonçalves discusses the day's market action with Nick Schoenmaker from Drummond Capital Partners.
SBS On the Money: Living standards decline as GDP per capita in recession
September 06, 2023 07:56 - 10 minutes - 9.46 MBAustralian GDP rose 0.4% in the June quarter to be at 2.1% for the year, but GDP per capita contracted for a second consecutive quarter. SBS Finance Editor Ricardo Gonçalves speaks with ANZ's Head of Australian Economics Adam Boyton + the day on the market with Luke Laretive from Seneca Financial Solutions
SBS On the Money: Alan Joyce quits early + RBA holds rates
September 05, 2023 08:08 - 15 minutes - 14.4 MBAlan Joyce has brought forward his resignation as CEO of Qantas two months early as the airline seeks a circuit breaker from a falling share price amid a hit to its reputation. SBS Finance Editor Ricardo Gonçalves speaks with Tony Sycamore from IG Markets for more. Plus, HSBC's Paul Bloxham goes through the RBA's latest interest rate decision as Governor Philip Lowe prepares to step down and the day on the markets with Matt Sherwood from Perpetual.
SBS On the Money: More Australians moving to the regions and Qantas admits reputation damage
September 04, 2023 08:14 - 13 minutes - 12.3 MBA growing number of Australians are trading in city living for a life in the regions. Rhayna Bosch speaks with Liz Ritchie from Regional Australia Institute to find out more + SBS Finance Editor Ricardo Gonçalves talks with David Berthon-Jones from Aequitas Investment Partners about the day on the markets and Qantas' reaction to the ACCC's investigation.
SBS On the Money: CEO SERIES: Australia Post's Paul Graham explains the reforms needed to make it profitable
August 31, 2023 07:45 - 14 minutes - 13 MBAustralia Post has warned it expects to remain a loss making business unless it can secure necessary support required to modernise its operations. SBS Finance Editor Ricardo Gonçalves speaks with CEO Paul Graham to find out more, plus the day on the markets with Ben Clark from TMS Capital, including the market reaction to the ACCC's court action against Qantas.
SBS On the Money: Flight Centre's Graham Turner on aviation and Coles' Leah Weckert on food price inflation
August 31, 2023 03:17 - 26 minutes - 23.8 MBCEO SERIES: Flight Centre's Graham Turner on competition in aviation and Coles' Leah Weckert on food price inflation. SBS Finance Editor Ricardo Goncalves speaks with Coles CEO Leah Weckert about the direction of food prices and Flight Centre CEO Graham Turner on the aviation sector and his take on the government's decision to block Qatar from putting on extra services to Australia's four main international airports. David Bassanese from Betashares goes through the latest inflation report whi...
SBS On the Money: Qantas posts a record profit so when will airfares ease?
August 24, 2023 07:55 - 23 minutes - 21.4 MBQantas has posted a record full-year profit of $1.74bn after three years of losses inflicted by the COVID pandemic. SBS Finance Editor Ricardo Gonçalves takes a closer look at the result, the future of the sector and what it all means for airfares with aviation expert Geoffrey Thomas. Damien Boey from Barrenjoey goes through the day on the markets.
Domino's Don Meij on the lessons learnt from lifting prices too hard too fast to manage inflation
August 23, 2023 08:11 - 13 minutes - 25.3 MBDomino's CEO Don Meij says the pizza company acted too aggressively when it lifted prices and charged delivery fees in response to rapid inflation. SBS Finance Editor Ricardo Gonçalves speaks with him to find out what's happened since then, plus hear from Josh Gilbert from eToro on the day's market moves including the latest profit result from Woolworths.
BHP's David Lamont and Woodside Energy's Meg O'Neill talk profits, China, industrial action, and AI
August 22, 2023 08:49 - 21 minutes - 38.6 MBFind out how China's economic slowdown is impacting BHP as SBS Finance Editor Ricardo Gonçalves speaks with CFO David Lamont while Woodside Energy CEO Meg O'Neill provides an update on the company's talks with unions over a planned strike which may impact 11 per cent of the world's LNG Plus, hear from Martin Lakos from Macquarie Group on the day's market action including how food price inflation is easing at Coles.
CEO SERIES: Mark Fitzgibbon NIB + BCA on lifting productivity
August 21, 2023 08:22 - 21 minutes - 40.2 MBNIB recorded its strongest membership growth since 2015 as it posted a 43 per cent lift in full-year profit. SBS Finance Editor Ricardo Gonçalves speaks with CEO Mark Fitzgibbon about what's driving the company, the impact of artificial intelligence and just how hard premiums will rise. Plus, Business Council of Australia CEO Jennifer Westacott goes through the organisations plan for boosting productivity in Australia and Luke McMillan looks at the day on the sharemarket.
SBS On the Money: CEO Series: Domain CEO Jason Pellegrino
August 17, 2023 09:28 - 22 minutes - 20.8 MBDomain CEO Jason Pellegrino has applauded the government's new target of building 1.2m homes over the next five years, and says the nation has no option but to meet it. SBS Finance Editor Ricardo Gonçalves speaks with him to find out more. Plus, hear from Diana Mousina from AMP who goes through the latest rise in Australia's unemployment rate, and Joe Youssef from Areus Asset Management on the day's market action including Telstra's full-year result.
SBS On the Money CEO SERIES: Cochlear's Dig Howitt on results, indigenous health and AI tech
August 15, 2023 07:38 - 18 minutes - 34 MBHearing implant maker Cochlear has delivered a $305m full-year underlying profit up 10 per cent as it seeks to continue to grow earnings in the new year. SBS Finance Editor Ricardo Gonçalves speaks with its CEO, Dig Howitt about the hearing implant maker's future and investment in technology. Plus, Pat Bustamante from St George on what easing wages mean for the economy and interest rates.
CEO SERIES: Marnie Baker, Bendigo and Adelaide Bank CEO
August 14, 2023 07:51 - 17 minutes - 32.3 MBBendigo and Adelaide Bank has posted a record full-year cash profit as it avoided a cash back war on mortgages, so SBS Finance Editor Ricardo Gonçalves speaks with CEO Marnie Baker for more, including why the bank's not concerned about rising interest rates on its borrowers. Plus, the day on the markets with George Boubouras from K2 Asset Management and Rhayna Bosch talks with Angela Jackson from Impact Economics about the positive impact the Matildas and FIFA Women's World Cup will have on t...
SBS On the Money: CBA CEO Matt Comyn on record profits, pay, interest rates, AI and the economy
August 09, 2023 07:35 - 16 minutes - 15.4 MBThe Commonwealth Bank has delivered a record full-year cash profit of $10.16bn. SBS Finance Editor Ricardo Gonçalves speaks with CEO Matt Comyn for his take on the results, the bank's future and the way it is navigating the slowing economy. Plus, James Gerrish from Shaw and Partners goes through the sharemarket reaction, along with news of a ratings downgrade for US mid-sized banks and what Chinese deflation means for investors
SBS On the Money: Reporting season preview & how businesses are dealing with rising costs
August 08, 2023 07:35 - 15 minutes - 14 MBSBS Finance Editor Ricardo Gonçalves takes a look at corporate reporting season with Luke McMillan from Ophir Asset Management & Rhayna Bosch speaks with Luke Achterstraat from COSBOA for his take on the small business space.
SBS On the Money: Big bank merger denied by ACCC
August 04, 2023 08:18 - 7 minutes - 6.42 MBThe ACCC has denied a merger of ANZ and Suncorp's banking arm. SBS Finance Editor Ricardo Gonçalves speaks with Bell Direct's Grady Wulff to explore the implications and to take a look at the rest of the day's market action.
Large sales to come as shoppers buy less
August 03, 2023 07:21 - 10 minutes - 9.55 MBThe rising cost of living is seeing shoppers pulling back by focusing on essentials, buying less or switching to cheaper brands. SBS Finance Editor Ricardo Gonçalves speaks with Brian Walker from the Retail Doctor Group to go through today's retail sales volumes numbers and finds out which categories are set to experience continued discounting & Gemma Dale from nabtrade goes through the day's market action.
SBS On the Money: Is Australia at peak interest rates?
August 02, 2023 07:02 - 13 minutes - 12.4 MBEconomists at three of Australia's big four banks are now predicting interest rates will remain at 4.1 per cent for an extended period, effectively calling peak rates. SBS Finance Editor Ricardo Gonçalves speaks with one of them, Matthew Hassan at Westpac to find out more & gets the market reaction from Adam Dawes from Shaw and Partners, including what a downgrade to the US credit rating means for investors.
SBS On the Money: Rates on hold again in August, so have they peaked?
August 01, 2023 07:29 - 9 minutes - 8.86 MBThe Reserve Bank of Australia has held official interest rates at 4.1% at its August board meeting, so SBS Finance Editor Ricardo Gonçalves discusses its impacts with Deloitte Access Economics' Stephen Smith & Rhayna Bosch talks with Martin Lakos from Macquarie for the sharemarket impacts.
SBS On the Money: EV sales rising & what's the RBA's next move?
August 01, 2023 00:09 - 12 minutes - 22.7 MBInvestors sat on the sidelines on Monday as they ponder the RBA's Tuesday interest rate decision. SBS Finance Editor Ricardo Gonçalves speaks with Elio D'Amato from Stockopedia to find out what the market expects will happen. Plus, Rhayna Bosch speaks with Natalie Thompson from the Electric Vehicle Council to discuss the latest uptake in EVs in Australia.
SBS On the Money: US cancels recession forecasts and lifts interest rates
July 27, 2023 07:38 - 8 minutes - 7.33 MBThe US Federal Reserve has removed expectations of a US recession from its forecasts as it lifts official interest rates there to 5.5%. SBS Finance Editor Ricardo Gonçalves speaks with Jody Fitzgerald from Morningstar for her thoughts and market implications.
SBS On the Money: Tech stocks weigh on ASX & reporting season preview
July 21, 2023 07:26 - 5 minutes - 4.75 MBSBS Finance Editor Ricardo Gonçalves takes a look at the day's market moves with Marcus Bogdan from Blackmore Capital and discusses how to tackle the upcoming reporting season.
SBS On the Money CEO SERIES: Peter Gray, ZIP COO & Australia's jobs market defies economic slowdown
July 20, 2023 07:06 - 17 minutes - 16 MBWe begin our seasonal CEO Series with Peter Gray, ZIP Chief Operating Officer, who speaks with SBS Finance Editor Ricardo Gonçalves about the group's latest financial results, economic outlook and upcoming legislation. Plus, Matt Cowgill from SEEK goes through the June labour force report which shows unemployment remains at 3.5%, while Elizabeth Tian from Citi explains the market reaction.
SBS On The Money: Will China's slowing economy hit iron ore demand?
July 19, 2023 08:09 - 11 minutes - 10.4 MBRio Tinto has posted its best period of iron ore production in five years. But as China's economy slows, what does it mean for iron ore producers like it and BHP? SBS Finance Editor Ricardo Gonçalves speaks with Fat Prophets Resources Analyst David Lennox for more; and takes a look at the day on the markets with Jun Bei Liu from Tribeca Investment Partners.
SBS On The Money: Super funds asked to take action on retirement planning
July 18, 2023 08:47 - 13 minutes - 12.8 MBA review by ASIC and APRA has identified a lack of progress and insufficient urgency in super funds embracing the retirement income covenant, designed to improve members' retirement outcomes. It comes as many Australians leave a significant portion of their superannuation behind at death. SBS Finance Editor Ricardo Gonçalves speaks with ASIC Commissioner Danielle Press for more; plus Robert Talevski from Activam takes a look at the day's market action including today's RBA minutes.
SBS On the Money: China's economy is losing momentum so what does it mean for Australia and investors
July 17, 2023 07:52 - 13 minutes - 12 MBChina's economy expanded by a less than expected 6.3% in the second quarter compared with a year ago. With the nation seeing weaker exports and a loss in consumer confidence amid a downturn in the property market, SBS Finance Editor Ricardo Gonçalves takes a detailed look at the workings of the nation and what it means for investors with the Raymond Chan who is the Head of Asian Desk at Morgans.
SBS On the Money: New RBA Governor appointed as a big bank says we've reached peak interest rates
July 14, 2023 07:45 - 13 minutes - 11.9 MBCurrent Deputy Reserve Bank Governor, Michele Bullock has been appointed new RBA Governor, replacing Philip Lowe from September. SBS Finance Editor Ricardo Gonçalves speaks with ANZ Chief Economist Richard Yetsenga for his thoughts and to find out why he now thinks interest rates in Australia are likely to be on an extended pause. Plus, Nick Schoenmaker CFA, FRM from Drummond Capital Partners takes a look at the reaction on the markets and explains whether investors are too optimistic followi...
SBS On the Money: Australian shares have best day of the year as US inflation cools more than expected
July 13, 2023 07:58 - 7 minutes - 6.57 MBThe Australian sharemarket and dollar surged as US inflation eased to a two year low of 3 per cent on an annual basis. SBS Finance Editor Ricardo Gonçalves takes a look at what it means for shares and currencies with Chris Weston from Pepperstone.
SBS On the Money: Why fewer RBA board meetings may mean larger interest rates moves
July 12, 2023 07:43 - 17 minutes - 15.6 MBThe Reserve Bank is making some changes to the way it conducts its monthly interest rate meeting, including less frequency and more transparency. SBS Finance Editor Ricardo Gonçalves speaks with AMP Capital Chief Economist Shane Oliver for more; and gets the market reaction with Francesco De Stradis from Ord Minnett.
SBS On the Money: Exclusive: Westpac's Bill Evans on his three decades as Chief Economist
July 11, 2023 07:16 - 12 minutes - 11.9 MBIn an SBS World News exclusive, Finance Editor Ricardo Gonçalves speaks with Westpac Chief Economist Bill Evans on his achievements and lessons learnt and the advice he's offering to those in power and those looking to enter the industry as he prepares to step down from the role which he has held for more than 30 years. Plus, Mathan Somasundaram from Deep Data Analytics takes a look at the day on the markets.
SBS On the Money: Is China headed for deflation and child care subsidy changes
July 10, 2023 08:02 - 10 minutes - 9.33 MBChina recorded no inflation in the month of June so SBS Finance Editor Ricardo Gonçalves speaks with Angus Geddes from Fat Prophets to find out what it says about the economy and why he's worried; plus Tys Occhiuzzi talks with education consultant Lisa Bryant about the latest chances to the Child Care Subsidy.
SBS On the Money: ASX falls to a three month low so what does it mean for super?
July 07, 2023 09:08 - 9 minutes - 8.44 MBThe Australian sharemarket closed at at three month low as investors worried about a resilient US economy which may see global interest rates rise higher for longer. SBS Finance Editor Ricardo Gonçalves speaks with Luke Laretive from Seneca Financial Solutions for more; plus the outlook for superannuation with Kirby Rappel from SuperRatings.
SBS On the Money: Threads takes on Twitter & new car sales on the rise
July 06, 2023 09:36 - 17 minutes - 16.4 MBMore than 580,000 new vehicles were sold in the first half of 2023, despite the rising cost of living. SBS Finance Editor Ricardo Gonçalves takes a look at the industry with Peter Griffin from the Federal Chamber of Automotive Industries for more; plus Evan Lucas from Investsmart explains why the Australian sharemarket fell more than 1 per cent today; while Rhayna Bosch speaks with social media expert Nataliia Laba from the University of NSW about Instagram's rollout of Threads to compete wit...
SBS On the Money: What can be done about surging rents? & global inflation easing
July 05, 2023 08:04 - 10 minutes - 9.3 MBRents around the country are 11.8 per cent higher than a year ago according to PropTrack data, so Farah Farouque from Tenants Victoria takes a look at what can be done about it; plus SBS Finance Editor Ricardo Gonçalves discusses the latest sharemarket moves with Carl Capolingua from ThinkMarkets.
SBS On the Money: RBA leaves interest rates on hold, but for how long? And the US share market rally
July 04, 2023 08:21 - 18 minutes - 16.5 MBThe Reserve Bank has held official interest rates at 4.1% to give it more time to assess how its previous 12 increases over the space of 15 months has impacted the economy. SBS Finance Editor Ricardo Gonçalves speaks with St George Senior Economist Jarek Kowcza and Perpetual's Matt Sherwood to find out what this means for future moves, and the implications for investments.
SBS On the Money: Property values rise and is the IPO market about to heat up?
July 03, 2023 07:59 - 14 minutes - 13.2 MBNational property prices rose for a fourth consecutive month despite higher interest rates so Rhayna Bosch speaks with CoreLogic's Tim Lawless to find out more, while SBS Finance Editor Ricardo Gonçalves discusses whether Virgin Australia will list on the ASX following the biggest IPO this year debuted on the sharemarket today with David Berthon-Jones from Aequitas Investment Partners.
SBS On the Money: Where the shopping bargains are & the rising demand for AI skills
June 29, 2023 07:33 - 12 minutes - 11.1 MBRetail sales rose 0.7% in May as retailers brought forward sales and lifted promotional activity. SBS Finance Editor Ricardo Gonçalves speaks with Paul Zahra from the Australian Retailers Association to find out more, including what kind of products offer the best value right now for those with money to spend; plus hear from George Boubouras from K2 Asset Management Ltd for a wrap of the sharemarket action; while Charlie Page speaks with Erin Devlin from the Recruitment, Consultant and Staffi...
SBS On the Money: Inflation eases more than expected in May so what does that mean for interest rates?
June 28, 2023 07:54 - 16 minutes - 14.9 MBAustralia's monthly inflation indicator spectacularly fell from 6.8% to 5.6% in May. SBS Finance Editor Ricardo Gonçalves speaks with Bendigo and Adelaide Bank Chief Economist David Robertson to find out if it will mean a pause in official interest rate rises, plus Hebe Chen from IG Markets goes through the sharemarket reaction.
SBS On the Money: What you need to know this tax time
June 27, 2023 07:44 - 11 minutes - 10.5 MBWith tax time around the corner, SBS Finance Editor Ricardo Gonçalves speaks with Australian Taxation Office Assistant Commissioner Tim Loh to find out what it is looking out for, the changes to tax in the new year, and tips for taxpayers to speed up any returns. Plus, Joe Youssef from Areus Asset Management takes a quick look at the markets.
SBS On the Money: Russia instability and end of financial year selling sees ASX at three-month low
June 26, 2023 08:05 - 4 minutes - 4.29 MBThe Australian sharemarket has fallen to a three-month low as political instability in Russia and end of month selling impact the market. SBS Finance Editor Ricardo Gonçalves speaks with Stuart Roberts from Stocks Down Under about the day on the market.
SBS On the Money: ASX has worst three-day fall since March & the direction of food prices
June 23, 2023 08:13 - 14 minutes - 13.1 MBThe Bank of England lifted interest rates more than expected overnight prompting markets to fall, with the Australian sharemarket extending its three-day loss to 3.5%, the biggest since the US regional banking crisis in March. SBS Finance Editor Ricardo Gonçalves speaks with Raymond Chan from Morgans to find out why and to see what role China is playing; plus Evan Karatzas from UBS takes a look at supermarket prices and why high prices may be here to stay.
SBS On the Money: $40bn wiped from ASX & how to protect your business from cyber security attacks
June 22, 2023 07:56 - 14 minutes - 13 MBThe Australian share market had its third worst day of the year, with around $40bn wiped from the value of the ASX200. SBS Finance Editor Ricardo Gonçalves speaks with Elizabeth Tian from Citi to find out why; plus Qiang Tang from the University of Sydney School of Computer Science takes a look at what business can do to protect themselves from a growing number of cyber security incidents.
SBS On the Money: Regional telco tie-up blocked & retail abuse laws introduced
June 21, 2023 07:18 - 13 minutes - 12.1 MBThe Australian Competition Tribunal has backed ACCC's decision to block a tie-up between Telstra and TPG regional infrastructure on the basis of competition concerns. SBS Finance Editor Ricardo Gonçalves speaks to Telecommunications Analyst Paul Budde to find out what the future is for regional telecoms. NSW has introduced new laws protecting retail workers following a rise in assaults in the sector; National Retail Association CEO Greg Griffith has the detail, plus Robert Talevski from Activ...
SBS On the Money: ASX hits two month high despite threat of higher interest rates
June 20, 2023 07:37 - 10 minutes - 10 MBThe Australian share market is at a two-month high despite the ongoing threat of even higher interest rates. SBS Finance Editor Ricardo Gonçalves speaks with Mike Jenneke from Credit Suisse to find out why, plus Rhayna Bosch talks to Andrew Campion from the ASX about the growing number of people turning to the share market.