Australian unemployment shows no signs of shifting, with the labour market adding 64,000 jobs across September.

Australian unemployment shows no signs of shifting, with the labour market adding 64,000 jobs across September.

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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

David Bassanese, Chief Economist at BetaShares

Australian unemployment rate steady at 4.1% with 64,000 jobs added; the ASX again surges to new record ground; credit card companies threaten over fraud payments; Star Entertainment slapped with $15 million fine; Commonwealth Bank fined for spam emails; Forrests step down from Minderoo Foundation; looking at the economics of sport; warnings on chocolate prices; and Tony Sycamore joins us for the Market Wrap.



Hosts: Deb Knight

Executive Producer: Tom Storey

Technical Producer: Liam Achurch

Publisher: Nine Radio

Australian unemployment rate steady at 4.1% with 64,000 jobs added; the ASX again surges to new record ground; credit card companies threaten over fraud payments; Star Entertainment slapped with $15 million fine; Commonwealth Bank fined for spam emails; Forrests step down from Minderoo Foundation; looking at the economics of sport; warnings on chocolate prices; and Tony Sycamore joins us for the Market Wrap.
 
Hosts: Deb Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio

Money News with Deb Knight - 17th October

Australia loves its sport – so much so that it has turned into an industry worth billions of dollars on its own. But can it be sustained?

Australia loves its sport – so much so that it has turned into an industry worth billions of dollars on its own. But can it be sustained?

Tim Harcourt, The Airport Economist & UTS Professor

The Australian share market grew to record territory again, as uranium miners benefited from big tech going after nuclear power.

MARKET WRAP:
ASX200: up 0.86%, 8,355
GOLD: $2,607 US/oz
BITCOIN: $100,615 AUD
AMP shares jumped 17.7% to $1.59 - up more than 70% in the calendar year.
Uranium stocks were jumping – Paladin up 11%, Deep Yellow gaining 7.3% and Boss Energy up 6.7%.
A third quarter update showing a cost blowout at an under-construction oil project in Alaska and a 3% dip in sales, saw Santos shares flat at $6.96.
Fortescue down 2.7% and Rio Tinto down 1.8%. 
BHP also fell 1.3% despite saying its copper production was up 4% and iron ore 2% across the quarter.
And falls in tech again saw Wisetech Global down another 3% and Technology One down 1.6%.

CURRENCY UPDATE:
AUD/USD: 66.75 US cents
AUD/GBP: 51.4 pence
AUD/EUR: 61 Euro cents
AUD/JPY: 100 Japanese yen
AUD/NZD: 1.10 NZ dollars

The Australian share market grew to record territory again, as uranium miners benefited from big tech going after nuclear power.
MARKET WRAP:
<ul>
<ul>
<li aria-level="1">ASX200: up 0.86%, 8,355</li>
<li aria-level="1">GOLD: $2,607 US/oz</li>
<li aria-level="1">BITCOIN: $100,615 AUD</li>
</ul>
</ul>
<ul>
<li aria-level="1">AMP shares jumped 17.7% to $1.59 - up more than 70% in the calendar year.</li>
<li aria-level="1">Uranium stocks were jumping – Paladin up 11%, Deep Yellow gaining 7.3% and Boss Energy up 6.7%.</li>
<li aria-level="1">A third quarter update showing a cost blowout at an under-construction oil project in Alaska and a 3% dip in sales, saw Santos shares flat at $6.96.</li>
<li aria-level="1">Fortescue down 2.7% and Rio Tinto down 1.8%. </li>
<li aria-level="1">BHP also fell 1.3% despite saying its copper production was up 4% and iron ore 2% across the quarter.</li>
<li aria-level="1">And falls in tech again saw Wisetech Global down another 3% and Technology One down 1.6%.</li>
</ul>
CURRENCY UPDATE:
<ul>
<li aria-level="1">AUD/USD: 66.75 US cents</li>
<li aria-level="1">AUD/GBP: 51.4 pence</li>
<li aria-level="1">AUD/EUR: 61 Euro cents</li>
<li aria-level="1">AUD/JPY: 100 Japanese yen</li>
<li aria-level="1">AUD/NZD: 1.10 NZ dollars</li>
</ul>

David Bassanese, Chief Economist at BetaShares

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