The market has slipped once again, but a move by Hancock Prospecting for a stake in Lynas Rare Earths has put the spotlight on the critical minerals space. See omnystudio.com/listener for privacy information.

MWP April 17: Another day of ASX losses, as Rinehart targets more rare earths ⛏️

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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 Radio See omnystudio.com/listener for privacy information.

Money News with Deborah Knight - 30th May

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.

Ben Willee, General Manager and Media Director for Spinach Advertising

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.

Rebecca Warren, Executive General Manager Small Business Banking at Commonwealth Bank

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.

The Market Wrap with Scott Phillips - CIO, The Motley Fool

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.

MWP April 17: Another day of ASX losses, as Rinehart targets more rare earths ⛏️

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