SBS On the Money

The ASX200 edged lower by 0.1 per cent, capping a weekly fall of 1.8 per cent, as global markets pulled back from record highs and investors turned their attention to upcoming tech earnings, with Tony Sycamore from IG Markets unpacking what’s ahead. Meanwhile, new data from ASIC reveals a growing number of young Australians are turning to AI platforms, social media and so-called finfluencers for financial information, raising concerns about credibility and oversight. ASIC Commissioner Alan Kirkland explains the regulator’s response.

The ASX slipped 0.6 per cent amid rising geopolitical tensions in the Gulf, with losses led by materials and the big banks, while energy stocks climbed on a surge in oil prices. Against that backdrop, a sharp shift in the jobs market is emerging, with SEEK reporting a 75 per cent rise in advertised roles mentioning AI skills.

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 ASX 200 edged lower as investors held back ahead of a key Middle East ceasefire deadline, with Michael Wayne from Medallion Financial Group unpacking the day’s market moves. At the same time, Apple enters a new chapter as Tim Cook steps down after 15 years, having overseen explosive growth and the launch of products like the Apple Watch and AirPods. Stephanie Youssef speaks with Wedbush Securities’ Dan Ives about Cook’s legacy, the challenges facing incoming CEO John Ternus, and why artificial intelligence could define Apple’s next phase.

Energy stocks lag, as oil prices remained volatile around supply concerns in the Strait of Hormuz, even as petrol prices eased, though still well above last year’s levels. Market analyst Evan Lucas unpacks what it all means for households and investors, as attention also turns to the federal government’s new $1,000 instant tax deduction set to benefit more than six million workers. Mark Chapman from H&R Block explains who gains from that, how it works, and when the savings will flow through.