Money News With Ross Greenwood: Highlights

Parliament has returned to Canberra, with the government focused on student loans and penalty rates, while a crossbench MP gets a tax discussion going.  The Aussie dollar hit its best point since November last year, but will its good run continue in the era of Donald Trump? And the ASX can’t get another record to end the week. Email us your thoughts to moneynews@nine.com.au Interview with Sean Callow, Senior FX Analyst at ITC Markets Hosted by: Tom StoreySee omnystudio.com/listener for privacy information.

The RBA cautions again over the state of the economy and the chance of rate cuts; law changes on biosecurity will see US beef hit the Australian market; capitalising on the gold rush; the industries that AI changes are coming after; Penfolds gets ready to release its latest Grange; and the ASX falls in the Market Wrap. Host: Scott Haywood Executive Producer: Tom Storey Technical Producer: Liam Achurch Publisher: Nine RadioSee omnystudio.com/listener for privacy information.

AI might be replacing jobs into the near future, so which industries will be the first to be replaced.See omnystudio.com/listener for privacy information.

With the gold price on the rise in recent years, one ASX listed company is continuing exploration for the metal.See omnystudio.com/listener for privacy information.

MARKET WRAP:   ASX200: down 0.3% to 8,709 GOLD: $3,363 USD/oz BITCOIN: $179,152   CSL advancing 1.5%, to $269.56  Sonic Healthcare and Resmed were also higher.   Clarity pharmaceuticals jumped 10% to $4.31 Fortescue's shares rose by 4.3% to $19 after it announced a record volume of iron ore shipments and projected stronger growth. Lynas Rare Earths gained more than 5% to $10.65 Bapcor saw its shares plummet by 28% to $3.66 after it saw weaker sales over the last couple of months. Northern Star Resources dipped by 2.4% Also falling backwards was BHP, Wesfarmers and Macquarie Group AUD/USD: 66.2 US Cents AUD/GBP: 48.9 British Pence AUD/EUR: 56 Euro Cents AUD/JPY: 97 Yen AUD/NZD: $1.09 NZSee omnystudio.com/listener for privacy information.

Australia’s market will be opened up to US beef producers after a change in the biosecurity laws.See omnystudio.com/listener for privacy information.

The Australian share market couldn't get to new records, especially with the RBA Governor putting a dampener on rate cut hopes.See omnystudio.com/listener for privacy information.

A new CIS report shows that too many of us are relying on the government for support payments; salaries go up, with workers still wanting flexibility; consumers spend up online; Australians miss out on the aged pension; and the ASX gets near record highs again in the Market Wrap   Host: Evan Lucas Executive Producer: Tom Storey Technical Producer: Liam Achurch Publisher: Nine RadioSee omnystudio.com/listener for privacy information.

Australians are getting prepared for retirement, with people applying too late for the aged pension.See omnystudio.com/listener for privacy information.

MARKET WRAP: ASX200: up 0.69% to 8,737 GOLD: $3,431/oz BITCOIN: $179,386 Big miners continued to enjoy high iron ore prices, with Fortescue Metals closing up 2.3%, Rio Tinto rose 1%, and BHP was also higher, up 0.8%. Iluka Resources rose 4.1% to $5.39 after it achieved full-year production guidance for zircon. All of the big four except for NAB – which was down 0.1% – managing to finish ahead Telix Pharmaceuticals saw shares plummet 15.1% after being issued with a subpoena by the US SEC around its disclosure practices. Paladin’s production & sales targets of uranium oxide hurt, dropping 11.3% by the close Also lower was Pro Medicus, Santos and Medibank Private CURRENCY UPDATE: AUD/USD: 65.9 US cents AUD/GBP: 48.6 British pence AUD/EUR: 56 Euro cents AUD/JPY: 96 Yen AUD/NZD: 1.09 NZ dollars See omnystudio.com/listener for privacy information.

Chinese vehicles look like taking up a wider share of the Australian new vehicle market.See omnystudio.com/listener for privacy information.

With more of the population relying on government, is this a sorry state of affairs for the national economy?See omnystudio.com/listener for privacy information.

Government jobs & payments are now helping more than 50% of voters according to a new report by the CIS, while the market again approaches records.See omnystudio.com/listener for privacy information.

RBA Minutes reveal conservative outlook when it comes to rate cuts; public sector still leads the way; and Henry Jennings joins us for the Market Wrap   Host: Evan Lucas Executive Producer: Tom Storey Technical Producer: Liam Achurch Publisher: Nine RadioSee omnystudio.com/listener for privacy information.

Chinese vehicles look like taking up a wider share of the Australian new vehicle market.See omnystudio.com/listener for privacy information.

Insignia Financial leapt after a $3.3 billion takeover by private equity firm CC Capital. MARKET WRAP: ASX200: up 0.1% to 8,677 GOLD: $3,385/oz BITCOIN: $181,877   Rio Tinto jumped 3.4 per cent to $118.32, Fortescue 3.3 per cent to $17.81 and BHP gained 2.6 per cent to $41.51 per cent. Shares of Ramelius surged 8.1 per cent to $2.66 – its best day in 15 weeks, while Newmont gained 2.8 per cent to $92. CBA slumped 3.1 per cent to $172.42, wiping roughly 30 points from the index due to its market heft. National Australia Bank falling 2.7 per cent to $37.22, Westpac 1.3 per cent to $32.65 and ANZ closed down 0.8 per cent to $29.82. Insignia Financial was the best performer on the ASX 200, surging 12.2 per cent to $4.41 after CC Capital agreed to a $3.3 billion deal CURRENCY UPDATE: AUD/USD: 65.2 US cents AUD/GBP: 48.4 British pence AUD/EUR: 56 Euro cents AUD/JPY: 96 Yen AUD/NZD: 1.09 NZ dollars See omnystudio.com/listener for privacy information.

As the government looks to get the economy rolling again, what can it do to stimulate private investment?See omnystudio.com/listener for privacy information.

The Reserve Bank Minutes from its July meeting revealed that tariffs & the labour market were stopping the board from pulling the trigger on another rate cut.See omnystudio.com/listener for privacy information.

Parliament returns with HECS and superannuation changes at the top of the pile; AMP sees the money inflow; iron ore prices lift; Godzilla the next world to build?; taking apart the PR problems with ‘Coldplaygate’; and Elio D’Amato joins us for the Market Wrap   Host: Evan Lucas Executive Producer: Tom Storey Technical Producer: Liam Achurch Publisher: Nine RadioSee omnystudio.com/listener for privacy information.

'Coldplaygate’ could be the story of the year, but a trip to a concert has turned into a PR nightmare for one US company.See omnystudio.com/listener for privacy information.