Money News With Ross Greenwood: Highlights

More Australian beef exporters regain access to the Chinese market; BHP can’t close a deal to takeover Anglo American; markets alter chances of rate hikes after inflation data; small businesses sink their teeth into AI; the media becomes the news in a very busy week; a John Lennon guitar sells for millions; 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.

So much for covering the news – the media IS the news, with News Corp, the ABC, Nine Entertainment and Seven all making waves this week.See omnystudio.com/listener for privacy information.

The government has put $17 million on the table for small businesses to improve their AI use, so how can SMEs benefit?See omnystudio.com/listener for privacy information.

After being pushed back by Anglo American for a request for more time, BHP will now have to wait to get any takeover deal done. ASX200: down 0.49%, 7,628 AUD: 66.08 US cents GOLD: $2,333 US/oz BITCOIN: $101,987 AUD BHP couldn’t get a deal for Anglo American over the line, and that sent shares down 1.7% to $44.30 Iron ore price falls saw Fortescue down 3.1% and Rio Tinto down 1.5%. Gold companies down with Chalice Mining dropping a huge 11.7%, Northern Star and Evolution Mining both down 2.8%. And both Woodside and Santos were in the red by more than 1% A lift of further beef sanctions by China saw AACo up 2.8% to $1.45. A note out of Goldman Sachs talking up the prospect of Qantas helped shares to rise 2.7% to $6.07. And it was a strong day for Domain Holdings, up 2.4%, Domino’s Pizza up 2.9% and Pro Medicus, lifting 3.6%. See omnystudio.com/listener for privacy information.

Five more beef exporters will regain access to the Chinese market following the end of sanctions as the trade war simmers.See omnystudio.com/listener for privacy information.

BHP has failed in its bid for British resources company Anglo American, with the two parties unable to reach an agreement before last night's deadline.See omnystudio.com/listener for privacy information.

Headline inflation rises to 3.6% sparking talks for RBA rate hikes; EVs being developed for 2000km road trips; Anglo American rejects a BHP proposal for an extension to get a takeover deal done; we’re living longer than ever before; and Kate Hanrahan 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.

BHP will ask for even more time to get a takeover deal for resources giant Anglo American done. ASX200: down 1.30% to 7,665 AUD: buying 66.54 US cents GOLD: $2,371 USD/oz BITCOIN: $101,857 AUD Every sector was in the red, with Industrials, Staples and Financials all falling more than 1.5% A fall in the iron ore price wasn’t great news for our miners, as Fortescue lost 3.6% to $25.57 and Rio Tinto was down 1.5% to $129.66. Recent jumps for Neuren Pharmaceuticals were offset by falls of 9.3% today. Lendlease shed 2.4% after it said it had struck a deal to sell off its US construction business. And a poor day for Consumer Staples stocks, with Woolworths down 1.3%, Coles dropping 2%, and Treasury Wines off 4.5%. Heading the other way was Fisher & Paykel, which had good optimism on 2025 net profit, with shares up 3.7%. Gold miner Ramelius may have dropped 7.3% on news of a possible deal, but on the other side of it Westgold Resources climbed 6.5%. And BHP finished the day flat as the next deadline for its

Headline inflation for the month of April rose to 3.6% year on year, killing off hopes of rate cuts and putting hikes back on the table.See omnystudio.com/listener for privacy information.

We’re living longer than ever before, but how can we translate a life that’s increasing in length with some financial goals that match?See omnystudio.com/listener for privacy information.

The Australian share market fell by 1.3% after the monthly inflation figure suggested that fiscal & monetary policy might have a lot more work to do to hit the 2-3% target range.See omnystudio.com/listener for privacy information.

Financial advice facing a price rise despite review; super funds performing strongly even as wealth shifts; retail sales weak yet again; Federal government open to corporate tax changes; shoppers spend up at convenience stores; government to fund AI programs for small business; PetO wins big out of Woolies takeover of PETstock; the Chinese influencer crackdown; and Henry Jennings joins us for the Market Wrap.   Host: Deb Knight Executive Producer: Tom Storey Technical Producer: Francis Fuller Publisher: Nine RadioSee omnystudio.com/listener for privacy information.

A retail slowdown has hit the car industry next, with Peter Warren Automotive seeing shares plunge after warning of a full-year profit drop.See omnystudio.com/listener for privacy information.

An divestment of the PETStock business following a Woolworths takeover has played into the hands of PetO, which will add 41 retail stores to its operation.See omnystudio.com/listener for privacy information.

Superannuation funds are performing well, but could a shift from Boomers to the retirement phase see cash outflows from the sector?See omnystudio.com/listener for privacy information.

The Financial Services Council will push back on an ATO decision that could cost people looking for financial advice a total of $250 million a year.See omnystudio.com/listener for privacy information.

Consumers are cutting back, with retail figures softening yet again and discretionary stocks tumbling on the ASX.See omnystudio.com/listener for privacy information.

Lendlease is set to exit its international operations in a strategy shift for the company.See omnystudio.com/listener for privacy information.

Podcast Description   Australian workers unaware that they’re getting a tax cut; regional housing overtakes capital cities for growth; Lendlease forges a new path; Bonza administrators get another couple of months to find a buyer; seconds jobs gain popularity to see off cost of living challenges; Canva’s dud rap; and Adam Dawes 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.

Facing cost of living challenges, more and more Australian workers are turning to a second job to plug the financial gap.See omnystudio.com/listener for privacy information.