Money News

Moves across the retail sector; Donald Trump enacts cuts against public sector DEI departments; the federal government takes on $50 million of debt to keep regional airline Rex afloat; shake up in regional TV newsrooms; Tim Tams: in the fridge or out?; and Scott Phillips joins us for the Market Wrap. Host: Deb Knight Executive Producer: Tom Storey Technical Producer: Liam Achurch Publisher: Nine RadioSee omnystudio.com/listener for privacy information.

The changes don’t stop in the Australian media landscape, with a shakeup for regional newsrooms and rights to the EPL potentially on the moveSee omnystudio.com/listener for privacy information.

Myer & Premier Investments shareholders have given the greenlight to a brand swap deal, but who will emerge as the real winners? MARKET WRAP: ASX200: down 0.61%, 8,378 GOLD: $2,760 US/oz BITCOIN: $163,460 AUD BHP down 1.7%, Pilbara Minerals down 3.7% and MinRes falling 3.3%. Fortescue shares fell by 2.2% to $18.62 despite the mining giant shipping almost 50 million tonnes of iron ore across the last quarter. A greenlight from shareholders of Myer and Premier Investments over a brand swap deal saw Myer’s shares rising 6.1% to 96 cents a piece. Premier went backwards, down a little, 0.7% to $26.85. Regis Resources climbing 3.9% to $3.21 after reporting its quarterly production figures. Gains in the Utilities sector were led by Origin Energy, which lifted 1.3% to $11.32. Falls of more than 1% were Wesfarmers, Goodman Group and Woolworths. CURRENCY UPDATE: AUD/USD: 62.65 US cents AUD/GBP: 50.9 pence AUD/EUR: 60 Euro cents AUD/JPY: 98 Japanese yen AUD/NZD: 1.10 NZ dollars See omnystudio.com/listener for privacy information.

Donald Trump is slashing public sector jobs in Diversity, Equity & Inclusion roles, so will corporate America follow?See omnystudio.com/listener for privacy information.