Australia’s GDP has dropped to its worst point outside of the pandemic since the early 1990s, but will this number force the RBA to change its position?

Australia’s GDP has dropped to its worst point outside of the pandemic since the early 1990s, but will this number force the RBA to change its position?

Join Deborah Knight for Money News, the most respected business program on radio.


If you crave the latest insights into super & small business, interest rates & investment, and economics & e-commerce, then the team at Money News has everything you need to know.


Add your voice to the conversation Monday to Thursday 7pm to 8pm by calling 131 873, texting 0460 873 873, or emailing moneynews@2gb.com

Join Deborah Knight for Money News, the most respected business program on radio.
 If you crave the latest insights into super &amp; small business, interest rates &amp; investment, and economics &amp; e-commerce, then the team at Money News has everything you need to know.
 Add your voice to the conversation Monday to Thursday 7pm to 8pm by calling 131 873, texting 0460 873 873, or emailing <a href="mailto:moneynews@2gb.com">moneynews@2gb.com</a>

Money News

Money News - Highlights

Audio highlights from Sydney's number one station.

Audio highlights from Sydney's number one station.

2GB On-Demand

Stephen Koukoulas, Managing Director of Market Economics

Australia’s GDP comes in much weaker than expected; calls for the RBA to deliver rate cuts sooner; Australians keep increasing purchases of EVs; ASIC to take a look at crypto & digital assets; side hustles & Christmas jobs can’t forget super payments; looking at the financial side of injury claims; and Carl Capolingua joins us for the Market Wrap.



Host: Scott Haywood

Executive Producer: Tom Storey

Technical Producer: Liam Achurch

Publisher: Nine Radio

Australia’s GDP comes in much weaker than expected; calls for the RBA to deliver rate cuts sooner; Australians keep increasing purchases of EVs; ASIC to take a look at crypto &amp; digital assets; side hustles &amp; Christmas jobs can’t forget super payments; looking at the financial side of injury claims; and Carl Capolingua joins us for the Market Wrap.
 
Host: Scott Haywood
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio

Money News with Scott Haywood - 4th December

Most people will never have to access injury compensation, but with the process a mystery for most, we get the facts on the way it works.

Most people will never have to access injury compensation, but with the process a mystery for most, we get the facts on the way it works.

Tony Carbone, Managing Partner at Carbone Lawyers

The Commonwealth Bank has received backlash for its plans to charge accounts, but is it a dollar shifter for investors?

MARKET WRAP:


ASX200: down 0.38% to 8,462


GOLD: $2,670 US/oz


BITCOIN: $150,125 AUD




Goodman Group fell 2.9% to $37.02 after a $1.9 billion block trade after the market closed last night.


Stockland and Mirvac were also weaker.


Pro Medicus was a standout, jumping 1.8% to $261.24 after its founders said they wouldn’t be selling any additional shares to institutions.


SG Fleet was also higher by 2.7% to $3.42 after a private equity firm agreed to buy the vehicle leasing business.


Rio Tinto, Fortescue and Wisetech Global all finished in the green.


Droneshield continues to be sold off down more than 6% today to 70 cents – well off highs of more than $2.70 in July


And there were drops for all the major banks.



CURRENCY UPDATE:


AUD/USD: 64.42 US cents


AUD/GBP: 50.8 pence


AUD/EUR: 61 Euro cents


AUD/JPY: 96 Japanese yen


AUD/NZD: 1.10 NZ dollars

The Commonwealth Bank has received backlash for its plans to charge accounts, but is it a dollar shifter for investors?
MARKET WRAP:
<ul>
<li dir="ltr" aria-level="1">
ASX200: down 0.38% to 8,462
</li>
<li dir="ltr" aria-level="1">
GOLD: $2,670 US/oz
</li>
<li dir="ltr" aria-level="1">
BITCOIN: $150,125 AUD
</li>
</ul>
 
<ul>
<li dir="ltr" aria-level="1">
Goodman Group fell 2.9% to $37.02 after a $1.9 billion block trade after the market closed last night.
</li>
<li dir="ltr" aria-level="1">
Stockland and Mirvac were also weaker.
</li>
<li dir="ltr" aria-level="1">
Pro Medicus was a standout, jumping 1.8% to $261.24 after its founders said they wouldn’t be selling any additional shares to institutions.
</li>
<li dir="ltr" aria-level="1">
SG Fleet was also higher by 2.7% to $3.42 after a private equity firm agreed to buy the vehicle leasing business.
</li>
<li dir="ltr" aria-level="1">
Rio Tinto, Fortescue and Wisetech Global all finished in the green.
</li>
<li dir="ltr" aria-level="1">
Droneshield continues to be sold off down more than 6% today to 70 cents – well off highs of more than $2.70 in July
</li>
<li dir="ltr" aria-level="1">
And there were drops for all the major banks.
</li>
</ul>
 
CURRENCY UPDATE:
<ul>
<li dir="ltr" aria-level="1">
AUD/USD: 64.42 US cents
</li>
<li dir="ltr" aria-level="1">
AUD/GBP: 50.8 pence
</li>
<li dir="ltr" aria-level="1">
AUD/EUR: 61 Euro cents
</li>
<li dir="ltr" aria-level="1">
AUD/JPY: 96 Japanese yen
</li>
<li dir="ltr" aria-level="1">
AUD/NZD: 1.10 NZ dollars
</li>
</ul>

Stephen Koukoulas, Managing Director of Market Economics

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