The Budget will be in surplus over the next financial year, but with deficits forecast in the future, has the government bet it all to win the next election?

The Budget will be in surplus over the next financial year, but with deficits forecast in the future, has the government bet it all to win the next election?

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

Alan Oster, Group Chief Economist at NAB

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 Radio

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 Radio

Money News with Deborah Knight - 29th May

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 Anglo-American deal approaches – although the Big Australian announced to the market late today it wants more time to get it done.

BHP will ask for even more time to get a takeover deal for resources giant Anglo American done.
<ul>
<ul>
<li aria-level="1">ASX200: down 1.30% to 7,665</li>
<li aria-level="1">AUD: buying 66.54 US cents</li>
<li aria-level="1">GOLD: $2,371 USD/oz</li>
<li aria-level="1">BITCOIN: $101,857 AUD</li>
</ul>
</ul>
<ul>
<li aria-level="1">Every sector was in the red, with Industrials, Staples and Financials all falling more than 1.5%</li>
<li aria-level="1">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.</li>
<li aria-level="1">Recent jumps for Neuren Pharmaceuticals were offset by falls of 9.3% today.</li>
<li aria-level="1">Lendlease shed 2.4% after it said it had struck a deal to sell off its US construction business.</li>
<li aria-level="1">And a poor day for Consumer Staples stocks, with Woolworths down 1.3%, Coles dropping 2%, and Treasury Wines off 4.5%.</li>
<li aria-level="1">Heading the other way was Fisher &amp; Paykel, which had good optimism on 2025 net profit, with shares up 3.7%.</li>
<li aria-level="1">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%.</li>
<li aria-level="1">And BHP finished the day flat as the next deadline for its Anglo-American deal approaches – although the Big Australian announced to the market late today it wants more time to get it done.</li>
</ul>

The Market Wrap with Kate Hanrahan, Private Client Adviser, Sequoia Wealth Management

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.

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.

Alan Oster, Group Chief Economist at NAB

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