SBS News In Depth

The Australian sharemarket slipped 1.1 per cent, yet remains within reach of a record high, continuing its recovery from March’s downturn as super funds rebound and long-term gains hold steady. In this episode of SBS On the Money, Ricardo Gonçalves unpacks the day’s biggest moves, including Cochlear’s dramatic 40 per cent fall to a 10-year low after a profit warning tied to weak US consumer confidence and global uncertainty. Portfolio manager James Gerrish from Market Partners joins the conversation to discuss whether other companies will also be hit by the war in the Middle-East.

The federal government has announced a major overhaul of the National Disability Insurance Scheme in efforts to cut down fraud and spending in the $50 billion program. Welcoming some aspects of the reform, disability advocates say there must be further clarity around cuts to support and eligibility, with fears that those in need will lose access to vital supports.

As new autonomous AI technology can now be accessed by everyday users, the calls for AI regulation are getting louder.

The US-Iran ceasefire has been extended, just as it was due to expire. US President Donald Trump says it will continue so Iran can submit their proposal for a ceasefire and talks can take place. But the US plans to continue its blockade of Iranian ports, an move that Iranian officials have maintained is an act of war and a violation of the ceasefire agreement. It's led to confusion over whether the ceasefire talks will happen.

SBS News political reporter Anna Henderson speaks to Immigration Minister Tony Burke about visas, the War in the Middle East, and IS brides. Mr Burke says federal Opposition Leader Angus Taylor is trying to turn Australians against one another with his policies.