The world of media has not stopped turning, with the ABC appointing a new Managing Director – ex-Nine boss Hugh Marks

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Global markets tanked following the US rate cut decision, but can things be salvaged into 2025?

• ASX200: down 1.70%, 8,168

• GOLD: $2,626 US/oz

• BITCOIN: $162,865 AUD
  
  

• Tech stock falls were led by data centre operator Megaport, which dropped more than 10%, with Life360 down 3.8% and Xero dropping 2.6%

• Financials were lower - Commbank down 2.3%, Westpac sinking 2.4% and NAB falling 2.1%.

• Zip’s up-and-down run saw it losing 9% to $2.84.

• BHP, CSL, Wesfarmers, Fortescue, and Goodman Group were large cap stocks all down by more than 1%.

• Transurban managed to rise by 0.1% despite being made to pay $40 million to the operator of Melbourne toll road EastLink over ‘unjust fees’.

• And others escaping the carnage included QBE, Brambles, Coles and APA Group.

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Australia leads the world in skin cancer rates, so can a company upping our clothing protection help to fight the problem?

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The US Fed cuts rates, but signals that there could be less than first predicted in 2024; global markets tank; the Aussie dollar drops again; Australians choosing seafood over traditional meats for Christmas; ANZ suffers another blow; the Aussie company taking the fashion fight to skin cancer; the ABC appoints a new Managing Director; and Scott Phillips takes us through a big day of losses in the Market Wrap.

Host: Deb Knight

Executive Producer: Tom Storey

Technical Producer: Chris Blancato & Rhys Geddes

Publisher: Nine Radio

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While the US Fed did slash rates for the third time in a row, inflation fears are likely to kill off some monetary policy relief. That sent markets sinking, and the Aussie dollar to its lowest point in two years.

A very Merry Christmas from everyone at Money News. We'll be back with the podcast again in late January!

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The government has released its mid-year budget update, and the news is bleak, with more government spending leading to greater deficits in the future.

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The market barely shifted, awaiting a decision by the US Fed on interest rates overnight.

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The government flags more spending and bigger deficits in the Mid-Year Economic & Fiscal Outlook; the MCG puts its food prices up; tracking the best share market performers of 2024; the pitfalls of trying to start your own small business in the restaurant sector; Jaclyn Symes to be sworn in as Victorian Treasurer; and Carl Capolingua joins us for the Market Wrap.

Host: Deb Knight

Executive Producer: Tom Storey

Technical Producers: Andre Molchanoff & Rhys Geddes

Publisher: Nine Radio

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Mark Levy might be known to most listeners for his work on the radio, but adding ownership of a restaurant has been a whole different experience, and one filled with red tape.

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The Federal Budget will creep even further into the red over the next four years, with government spending growing and growing.

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