Cold weather hits the price of wholesale electricity; ASIC steps up its fight against insider trading; Aussie dollar crumbles; the head of the AFR recaps a glorious 13 years; Kiwis coming to Australia in droves; and Kate Hanrahan joins us for the Market Wrap.



Host: Deborah Knight

Executive Producer: Tom Storey

Technical Producer: Liam Achurch

Publisher: Nine Radio

Cold weather hits the price of wholesale electricity; ASIC steps up its fight against insider trading; Aussie dollar crumbles; the head of the AFR recaps a glorious 13 years; Kiwis coming to Australia in droves; and Kate Hanrahan joins us for the Market Wrap.
 
Host: Deborah Knight
Executive Producer: Tom Storey
Technical Producer: Liam Achurch
Publisher: Nine Radio

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>

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Money News with Deborah Knight - 24th July

Michael Stutchbury will step down as head of Australia’s best business newspaper after 13 years in the top job and with many big stories broken.

Michael Stutchbury will step down as head of Australia’s best business newspaper after 13 years in the top job and with many big stories broken.

Michael Stutchbury, Outgoing AFR Editor

Telix Pharmaceuticals have pulled out of a plan to list on the Nasdaq and will take on $650 million worth of debt.
ASX200: down 0.09% to 7,963
AUD: 65.99 US cents
GOLD: $2,413 USD/oz
BITCOIN: $100,424 AUD
There were mixed fortunes for Tesla & Alphabet in overnight reporting. 
Gains were led by the gold miners, with Emerald Resources up 6%, Ramelius up 4.2% and Evolution up 4.1%.
Gains of more than 1% for Cochlear, Suncorp and Resmed.
It was a sell off for energy and real estate stocks driving the losses today.
Falls in the oil price – with one barrel of Brent crude oil at $US 81 – saw losses of 1.3% for Ampol, Viva Energy down 1% and Beach Energy off by 3.3%
Goodman Group and Stockland led the real estate losses, down 2.1 and 2% respectively.
And Flight Centre shed 4.7% after revising its profit guidance.

Telix Pharmaceuticals have pulled out of a plan to list on the Nasdaq and will take on $650 million worth of debt.
<ul>
<ul>
<li aria-level="1">ASX200: down 0.09% to 7,963</li>
<li aria-level="1">AUD: 65.99 US cents</li>
<li aria-level="1">GOLD: $2,413 USD/oz</li>
<li aria-level="1">BITCOIN: $100,424 AUD</li>
</ul>
</ul>
<ul>
<li aria-level="1">There were mixed fortunes for Tesla &amp; Alphabet in overnight reporting. </li>
<li aria-level="1">Gains were led by the gold miners, with Emerald Resources up 6%, Ramelius up 4.2% and Evolution up 4.1%.</li>
<li aria-level="1">Gains of more than 1% for Cochlear, Suncorp and Resmed.</li>
<li aria-level="1">It was a sell off for energy and real estate stocks driving the losses today.</li>
<li aria-level="1">Falls in the oil price – with one barrel of Brent crude oil at $US 81 – saw losses of 1.3% for Ampol, Viva Energy down 1% and Beach Energy off by 3.3%</li>
<li aria-level="1">Goodman Group and Stockland led the real estate losses, down 2.1 and 2% respectively.</li>
<li aria-level="1">And Flight Centre shed 4.7% after revising its profit guidance.</li>
</ul>

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

ASIC has been accused of not being tough enough on financial crime, but with our markets some of the cleanest in the world, will a new insider trading taskforce help to keep it that way?

ASIC has been accused of not being tough enough on financial crime, but with our markets some of the cleanest in the world, will a new insider trading taskforce help to keep it that way?

Money News with Deborah Knight - 24th July

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