SBS On the Money

Oil reaches about US$114 a barrel as investors weigh inflation, interest rates and the Australian dollar.

Delays to power upgrades at NextDC's Melbourne site forced a sharp downgrade, raising questions for data centre investors.

A delay to power upgrades at a Melbourne site sent NextDC shares tumbling and prompted a sharp cut to its revenue guidance. SBS Finance Editor Ricardo Gonçalves examines what the setback could mean for the wider data centre build-out, with Luke Laretive of Seneca Financial Solutions. Plus, SpaceX reports a 161 per cent jump in quarterly revenue, with AI revenue up nine-fold, as Elon Musk floats a possible merger with Tesla. Tom Kennedy speaks with Dan Ives of Yorkville Ives about the result and the wider AI trade.

In this episode
What NextDC’s downgrade and share price fall could mean for investors in data centres
How community opposition and delays to power upgrades could affect data centre projects
What SpaceX’s results and growing AI revenue mean for the company and Australians with super exposure
The potential implications of a SpaceX and Tesla merger, and the risks around AI investment, debt and interest rates
SBS On the Money is a daily finance podcast where SBS Finance Editor Ricardo Gonçalves unpacks the ASX, the economy and the latest market moves with leading analysts and executives.

Listen to more episodes of SBS On the Money, and follow the show on the SBS Audio app, Apple Podcasts, Spotify or wherever you get your podcasts.

For the latest news from Australia and around the world, visit SBS News and follow us on YouTube, TikTok, Instagram, Facebook and X.

NAB says the cuts will simplify its operations, while promising no material impact to customer-facing banking roles.

NAB plans to cut about 2,500 jobs this financial year, including 1,500 before the end of December, as it reshapes its operations and focuses on growth and technology. The bank says customer-facing roles will not be materially affected. Its shares fell nearly 2 per cent as the broader sharemarket lost ground. SBS Finance Editor Ricardo Gonçalves speaks with Citi’s Elizabeth Tian about the market moves, including a lift in tech stocks.

In this episode

• NAB’s planned workforce cuts and the bank’s reasons for making them
• What NAB says the changes could mean for customer-facing roles
• Why the ASX200 fell 0.4 per cent, with miners leading the declines
• How global technology stocks performed across different markets

SBS On the Money is a daily finance podcast where SBS Finance Editor Ricardo Gonçalves unpacks the ASX, the economy and the latest market moves with leading analysts and executives.

Listen to more episodes of SBS On the Money, and follow the show on the SBS Audio app, Apple Podcasts, Spotify or wherever you get your podcasts.

For the latest news from Australia and around the world, visit SBS News and follow us on YouTube, TikTok, Instagram, Facebook and X.

Grattan proposes a 15 per cent GST that includes food, with tax cuts and welfare payments to offset the cost.

The Grattan Institute says raising the GST from 10 to 15 per cent and extending it to food could help fund income tax cuts, welfare payments and state services. But both major parties have rejected the proposal, and concerns remain about its impact on households and inflation. SBS Finance Editor Ricardo Gonçalves speaks with Grattan Institute CEO Aruna Sathanapally, then examines the ASX’s rise, global tech selling and China’s growth with George Boubouras of K2 Asset Management.

In this episode:

• What a broader, higher GST could mean for household budgets, income tax and welfare payments

• Why the proposal faces political resistance, and the concerns about its impact on inflation

• What the ASX’s gains reveal as global technology stocks sell off and oil prices rise

• How stronger Chinese growth and unrest in France could affect investor sentiment and opportunities

SBS On the Money is a daily finance podcast where SBS Finance Editor Ricardo Gonçalves unpacks the ASX, the economy and the latest market moves with leading analysts and executives.

Listen to more episodes of SBS On the Money, and follow the show on the SBS Audio app, Apple Podcasts, Spotify or wherever you get your podcasts.

For the latest news from Australia and around the world, visit SBS News and follow us on YouTube, TikTok, Instagram, Facebook and X.

Australia’s jobless rate reaches 4.7%, raising questions about hiring, wages and the RBA’s next move.

Australia’s unemployment rate rose to 4.7 per cent in September, its highest level since October 2021. Blair Chapman, chief economist at Seek, discusses the state of the jobs market, hiring trends, salaries and what the figures could mean for interest rates. The Australian sharemarket fell 0.1 per cent, with technology and mining stocks under pressure. Ben Clark, portfolio manager at TMS Private Wealth, joins SBS Finance Editor Ricardo Gonçalves to discuss the market, the Australian dollar and investment opportunities.

In this episode
What the rise in unemployment says about the jobs market and hiring trends
How the jobs figures could affect the RBA’s next interest rate decision
What Seek’s Advertised Salary Index suggests about pay
Why technology and mining stocks fell, and what investors are watching