SBS On the Money

ASX ends three week winning streak despite another record on Wall Street

17 Apr 2026

Contributed by Lukas

The ASX200 has edged lower, snapping a three-week run despite fresh record highs on Wall Street, with weakness in consumer discretionary stocks offset...

ASX falls despite Wall Street record as jobless rate holds and AI reshapes workplace

16 Apr 2026

Contributed by Lukas

The ASX eases despite strong leads from Wall Street, while Australia’s unemployment rate holds at 4.3 per cent and companies grapple with rising cos...

Airfares rise as Japan overtakes Indonesia as Australian favourite and ASX rises

15 Apr 2026

Contributed by Lukas

Airfares are set to climb as Virgin Australia cuts flights to manage rising fuel costs, while Qantas flags a sharp increase in its fuel bill, reshapin...

Qantas cancels flights as war hits corporate Australia's earnings

14 Apr 2026

Contributed by Lukas

The ASX edges higher despite fresh warnings from corporate Australia, with Qantas and Westpac flagging the financial impact of the Middle East conflic...

Markets slip as oil surges and investors ask can AI interpret geopolitical risk?

13 Apr 2026

Contributed by Lukas

The ASX edges lower as oil prices climb above US$100 amid escalating Middle East tensions, raising fresh concerns about inflation and growth. Armina R...

ASX has best week since October 2022 even as super returns slide

10 Apr 2026

Contributed by Lukas

A volatile stretch for markets has taken a bite out of Australians’ super, with SuperRatings CEO Kirby Rappell explaining how recent gains have been...

ASX climbs as fuel habits shift and workers fall behind on AI skills

09 Apr 2026

Contributed by Lukas

The ASX pushes higher after a strong rally, edging closer to record territory, while fresh data reveals Australians are changing how they buy fuel as ...

Markets surge as ceasefire hopes spark $80bn rally on the ASX

08 Apr 2026

Contributed by Lukas

Australia’s sharemarket has recorded its strongest session in about a year, with the ASX200 jumping 2.6 per cent and adding around $80 billion in va...

EV sales hit a record as ASX climbs to a four month high

07 Apr 2026

Contributed by Lukas

Listen to Australian and world news, and follow trending topics with SBS News Podcasts. TRANSCRIPT: The ASX climbs 1.7 per cent to a four-month high a...

Easter chocolate prices bite as markets slide after Trump's address

02 Apr 2026

Contributed by Lukas

The ASX closes the short trading week down 1.1 per cent on Thursday as volatility returns following Donald Trump’s latest address, with insights fro...

ASX adds $68bn as rate rises hit Sydney and Melbourne property prices

01 Apr 2026

Contributed by Lukas

The ASX 200 rebounds strongly after its worst month in four years, adding nearly $70 billion in value as hopes grow for an easing in global tensions, ...

Card surcharges set to disappear as markets end tough March on positive note

31 Mar 2026

Contributed by Lukas

A major shake-up to how Australians pay is on the way, with the Reserve Bank moving to scrap $1.6 billion in card surcharges and shift costs into upfr...

Why the real crunch point on oil supply hasn’t hit Australia yet

30 Mar 2026

Contributed by Lukas

Brent crude surges as Middle East tensions escalate, sending fresh shockwaves through global energy markets and raising concerns the real supply crunc...

What rising global fertiliser prices means for food costs and inflation

27 Mar 2026

Contributed by Lukas

Markets held relatively steady to close the week, with the ASX200 dipping just 0.1 per cent but still breaking a three-week losing streak, as Adam Daw...

Government backs real wage increase to minimum wage

26 Mar 2026

Contributed by Lukas

Australia’s minimum wage is back in focus, with the government signalling support for a real wage increase ahead of the Fair Work Commission’s Jun...

ASX has best day in nearly a year as inflation eases ahead of the war

25 Mar 2026

Contributed by Lukas

Australia’s inflation shows signs of stabilising but remains stubbornly above target, just as global tensions threaten to push prices higher for lon...

The consumer benefits of Australia-EU Free Trade Agreement

24 Mar 2026

Contributed by Lukas

Australia’s new free trade deal with the European Union could unlock a $10 billion boost to trade, cut prices on European goods and expand access fo...

Gold is down 20% from recent records, so what now?

23 Mar 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Daniel Martin from Alvia Asset Partners about the day's market action as the ASX200 edges closer to ...

Markets bet on 3 rate rises this year & how AI is changing Australia's Rich List

20 Mar 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Tony Sycamore from IG Austraila about the day's market action and why markets are now pricing in thr...

$50bn wiped from ASX as Middle-East war intensifies and jobless rate rises to 4.3%

19 Mar 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Faraz Syed from Citi to find out why the RBA will look through the rise in Australia's unemployment ...

New mining CEOs, plus markets brace for US rates decision

18 Mar 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Jamie Hannah from VanEck about the day's market action including the latest global interest rate exp...

RBA raises interest rates in March for second time in 2026

17 Mar 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Nick Stenner from Bank of America; Alice Shen from VanEck; and Sally Tindall from Canstar to find ou...

Markets brace for rate rise and can you trust AI for financial advice?

16 Mar 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Mathan Somasundaram from Deep Data Analytics and looks ahead to tomorrow's RBA interest rate decisio...

$200bn wiped off ASX since start of Middle-East war ahead of RBA meeting

13 Mar 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Morgans Chief Economist Michael Knox who is betting the RBA will need to lift interest rates three t...

AI claims 1,600 jobs at Atlassian & more calls for 2 RBA rate rises

12 Mar 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Tom Gilbertson from Loftus Peak about the future of AI and the workforce and what it means for inves...

Oil price threatens taxi fare increases and major banks now predict two more rate rises

11 Mar 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Josh Gilbert from eToro to as NAB, Westpac and Citi predict two RBA interest rate rises in a row as ...

Airfares to rise as much as 30% and ASX makes partial recovery

10 Mar 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Cirium Aviation Analyst Ellis Taylor who says airfares may rise as much as 30 per cent as jet fuel p...

Regional markets smashed as oil surges over US $100

09 Mar 2026

Contributed by Lukas

Nearly $90 billion dollars has been wiped from the S&P/ASX 200, as war in Iran sent oil prices skyrocketing past US$100 a barrel for the first time si...

ASX’s worst day since Liberation Day; oil price shock

06 Mar 2026

Contributed by Lukas

The S&P/ASX 200 has recorded its worst weekly drop since Donald Trump’s so-called Liberation Day tariffs shocked global markets in April last year. ...

Why airfares could rise in coming years & US data reignites rate cut hopes

05 Mar 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Robert Talevski from Activam about the day's market action while Stephanie Youseff discusses the ACC...

Australian investors dump $63bn as Middle-East war stokes global inflation concerns

04 Mar 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Harry Murphy Cruise from Oxford Economics about the impact of the Middle East war on the Australian ...

Middle-east war to impact petrol prices & Life360 CEO on AI developments

03 Mar 2026

Contributed by Lukas

Hear RBA Governor Michele Bullock detail how the Middle-east tensions and hit to oil supply may impact inflation and what it means for interest rates;...

Oil, gold stocks lift ASX amid Iran conflict; AI job loss fears

02 Mar 2026

Contributed by Lukas

US and Israel’s offensive in Iran has rattled global markets. However, the Australian sharemarket reversed earlier losses, as rising commodity price...

AI-related job cuts continues as Block slashes 4,000 roles & Australia Post's digital transformation

27 Feb 2026

Contributed by Lukas

Hear from Block CEO Jack Dorsey as he explains why the company is cutting nearly half of its workforce; SBS Finance Editor Ricardo Gonçalves speaks w...

Nvidia results spur AI tech recovery & why most borrowers will cope with rate rise

26 Feb 2026

Contributed by Lukas

Hear from Nvidia CEO Jensen Huang on why he thinks huge capital expenditure on AI technology will continue as SBS Finance Editor Ricardo Gonçalves sp...

AI blamed for mass Wisetech job cuts & Woolies CEO on reputation rebuild

25 Feb 2026

Contributed by Lukas

Hear from Wisetech CEO Zubin Appoo as he explains why 2000 jobs will go at the company as AI hits its workforce; SBS Finance Editor Ricardo Gonçalves...

How much you need for a comfortable retirement & AI fears continues to spook investors

24 Feb 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Mike Jenneke from UBS Wealth Management about the day's market action including investors’ renewed...

Trump's tariffs spark fresh round of market uncertainty

24 Feb 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with David Scutt from StoneX Group Inc. about the day's market action, including how Trump's tariffs are ...

US goods deficit widens despite tariffs and market reacts to QBE and Rio results

20 Feb 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Marcus Bogdan from Blackmore Capital on the day's market action, including a wrap of the major profi...

Jobless rate stays at 4.1% and ASX hits another record

19 Feb 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Hugh Lam, CFA from Betashares for his take on the markets as the ASX200 hits another record high, th...

Inflation eats into wages as cost of living worsens

18 Feb 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Devika Shivadear from RSM Australia about the latest Wage Price Index which shows real wages has gon...

BHP CFO on copper growth opportunties, iron ore future and growing dividends

17 Feb 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with BHP CFO Vandita Pant following the miner's US$5.6bn half-year profit to find out more about its grow...

Tech stocks recover and IMF warns Australian states on spending

16 Feb 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Alex Pikoulas from Munjarra Capital about the day's market action including the latest profit result...

ANZ says AUD heading for US $0.73 as Cochlear warns of currency impacts

13 Feb 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Cochlear CEO Dig Howett about the hearing implant maker's latest results, the link between hearing l...

AMP CEO Alexis George on results, super changes and female leadership

12 Feb 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with AMP CEO Alexis George following the financial services company's full-year results as she prepares t...

CBA's Matt Comyn on why the disruptive potential of AI should not be underestimated

11 Feb 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Commonwealth Bank CEO Matt Comyn following the groups $5.45bn half- year cash profit announcement, i...

AI industry risks and the Australian dollar nears US$0.71

10 Feb 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Todd Hoare from LGT Wealth Management about the day's market moves including the increasing risks AI...

ASX has best day since Donald Trump's Liberation Day

09 Feb 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with George Boubouras from K2 Asset Management to find out why the market has been so volatile of late as...

ASX200's worst day since April 2025 as technology rout continues

06 Feb 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Lochlan Halloway from Morningstar to go through all the factors that has triggered a sell-off on the...

Software sell-off continues and bitcoin tumbles

05 Feb 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Ben Clark from TMS Private Wealth about the day's market action including a software sell-off in the...

What is really driving inflation? & software shares smashed

04 Feb 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Shane Oliver from AMP to figure out the real drivers of inflation; plus Damien Boey from Wilson Asse...

RBA pulls the trigger on rates; gold and silver rebound

03 Feb 2026

Contributed by Lukas

The Reserve Bank of Australia has increased interest rates for the first time since November 2023, hiking the official cash rate to 3.85%. It says it ...

Property values accelerate ahead of RBA meeting & gold and silver prices smashed

02 Feb 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Tim Lawless from Cotality Australia about the future for property prices amid expectations of a rise...

Is it too late to fix your mortgage interest rate? & Trump ready to announce Fed Chair pick

30 Jan 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Canstar's Sally Tindall to find out if it is too late to fix your home loan interest rate ahead of w...

Markets bet on February RBA interest rate rise after hot inflation

28 Jan 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves takes a deep dive into today's higher than expected inflation figures to find out what it means for interest rat...

Is it too late to jump on the gold and silver bullet train?

27 Jan 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Daniel Hynes from ANZ and Michael Wayne from Medallion Financial Group to find out more about gold a...

Is the A$ headed for 70USc?

23 Jan 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Tony Sycamore from IG Markets about the day's sharemarket action as the Australian dollar and gold p...

Surprise jobs report boosts chance of February rate rise

22 Jan 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Johnathan McMenamin from Barrenjoey and Adam Dawes from Shaw and Parnters as Australia's unemploymen...

Global markets slide on Trump's Europe tariff concerns

21 Jan 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Scott Phillips from The Motley Fool about the day's market action including why investors are concer...

Tariff threats trigger market volatility & BHP's record copper and iron ore production

20 Jan 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Julie Lee from FTSE Russell about the day's market action including how the market is dealing with D...

Why Trump's Europe tariff threat could backfire & China's record low birthrate

19 Jan 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with David Bassanese from Betashares about Donald Trump's latest threats to try and purchase Greenland an...

ASX hits 11 week high

16 Jan 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Isaac Poole from Oreana Private Wealth as the Australian sharemarket hits a record high, despite a g...

BHP challenging for CBA's crown & why US rates may not fall

15 Jan 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Chris Weston from Pepperstone as BHP edges closer to becoming Australia's largest listed company and...

Global central bankers show support for US Fed Chair Jerome Powell

14 Jan 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Hebe Chen from Vantage Australia about the day's sharemarket action including the significance of a ...

Global markets and precious metals hit record high despite Powell investigation

13 Jan 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Kai Chen from MPC Markets about why US, Japanese and German markets are hitting record highs despite...

Jerome Powell facing criminal probe and implications for markets

12 Jan 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Kyle Rodda from capital.com about the day's market action including implications of the US Adminstra...

Is a $300bn mega mining merger back on the cards?

09 Jan 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Ord Minnett's David Lane about Rio Tinto and Glencore restarting merger talks and if it will be any ...

The sharemarket up 100% in just 3 days & Bluescope rejects takeover bid

08 Jan 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves takes a look at why some global markets are hitting record levels with Matt Wacher from Morningstar, plus why Bl...

Is easing inflation enough to stop a February interest rate rise?

07 Jan 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks to Pradeep Philip, from Deloitte Access Economics, and Alice Shen, CFA from VanEck, about the latest infl...

Is this already the biggest potential takeover of 2026 on the ASX?

06 Jan 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Chris Brycki from Stockspot about the Dow Jones Index overnight record and takes a closer look at th...

What Venezuela means for petrol prices and oil

05 Jan 2026

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Saul Kavonic from MST Marquee to find out what the developments in Venezuela means for oil and petro...

The year that was on the ASX and the year ahead

31 Dec 2025

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Mark Gardner from MPC Markets about whether investors should be happy with the near 7% return on the...

Precious metals pull back & investment themes for 2026

30 Dec 2025

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Gemma Dale from nabtrade about the day's sharemarket action and a look to the investment themes for ...

Silver's US$80 record & investment themes for 2026

29 Dec 2025

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Hugh Lam from Betashares about the day's market action including the rising gold and silver price, p...

US economy expands more than expected as local ASX Santa rally hits snag

24 Dec 2025

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Mathan Somasundram from Deep Data Analytics about the better than expected US GDP result and what it...

ASX hits six week high as gold reaches another record

23 Dec 2025

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Jamie Hannah from VanEck to find out what's driving the market as the Santa Rally continues.

Is the Santa rally here?

22 Dec 2025

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Alex Pikoulas, CFA from Munjarra Capital about the day's sharemarket action and asks, is the Santa r...

Global interest rate moves influences markets

19 Dec 2025

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Mahjabeen Zaman fron ANZ as the UK cuts interest rates, Japan raises them and US inflation eases mor...

Woodside's CEO leaves for BP

18 Dec 2025

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Henry Jennings from Marcus Today about the day's sharemarket action including Woodside CEO Meg O'Nei...

MYEFO inflation implications & Westpac cancels 2026 rate cut call

17 Dec 2025

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Shane Oliver from AMP about the implications the government's Mid-Year Economic and Fiscal Outlook w...

CBA & NAB predict February rate rise

16 Dec 2025

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Jonathan Shead from State Street Investment Management about the day's market action including where...

ASX soars to a four week high as investors eye Santa rally

12 Dec 2025

Contributed by Lukas

ASX soars to a four week high as investors eye Santa rally. SBS Finance Editor Ricardo Gonçalves speaks with Marcus Bogdan from Blackmore Capital abo...

US cuts rates as Australia's economy loses jobs

11 Dec 2025

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Darren Thompson from Equity Trustees and Diana Mousina from AMP about the impact lower US interest r...

ETFs surge in popularity & markets betting on an RBA rate rise in 2026

10 Dec 2025

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Andrew McAuley from UBS Global Wealth Management Australia about the changing interest rate outlook ...

No more interest rate cuts: the RBA's warning

09 Dec 2025

Contributed by Lukas

SBS Finance Editor Ricardo Goncalves speaks with Paul Bloxham from HSBC and Stuart Roberts from Stocks Down Under about why the RBA decision to leave ...

Markets brace for global interest rate decisions

08 Dec 2025

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Luke McMillan from Ophir Asset Management about the day's sharemarket action including how the marke...

OpenAI invests in Australia & markets prepare for US and local interest rates decision

05 Dec 2025

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Harry Morrow from Loftus Peak to find out more about OpenAI's new Australian intitiative including p...

RBA could hike rates sooner than expected | How much super do you need?

04 Dec 2025

Contributed by Lukas

A boost to the copper price and weaker US jobs data improving rate cut sentiment has helped lift the Australian share market, despite stronger than ex...

Australian economy grows at fastest pace in two years

03 Dec 2025

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Stephen Halmarick from Economists Unchained and Alice Shen from VanEck to find out what today's offi...

ASX edges higher ahead of GDP data | Silver breaks new record

02 Dec 2025

Contributed by Lukas

The Australian share market has closed higher ahead of tomorrow’s key GDP data, where a strong economic growth figure could further complicate the R...

ASX outage hits company announcements & property price growth eases

01 Dec 2025

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Chris Weston from Pepperstone about the day's market action including another outage at the ASX. Plu...

Exclusive: El Jannah CEO speaks with SBS as company goes global & ASX rises

28 Nov 2025

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with El Jannah CEO Brett Houldin as the charcoal chicken company secures international funding valuing it...

APRA tightens lending rules, and investors continue to question rate outlook

27 Nov 2025

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Nathan Zaia from Morningstar about APRA's tightening of lending rules for high risk borrowers to fin...

Stronger inflation dashes hopes of any more interest rate cuts

26 Nov 2025

Contributed by Lukas

SBS Finance Editor Ricardo Goncalves speaks with Damien Boey from Wilson Asset Management and Belinda Allen from the Commonwealth Bank as headline inf...

Investors brace for Aussie CPI data as US rate cut looks increasingly likely

25 Nov 2025

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Julia Lee from FTSE Russell to find out how investors are feeling ahead of official inflation data o...

ASX bounces back as BHP walks away from AA

24 Nov 2025

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Raymond Chan from Morgans Financial Limited about the day's sharemarket action including a recovery ...

US rate fears trump Nvidia's better than expected result

21 Nov 2025

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Lochlan Halliday from Morningstar to find out what spooked investors despite Nvidia's better than ex...

Nvidia goes off the charts as ASX recovers

20 Nov 2025

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Ben Clark from TMS Private Wealth to go through AI chip giant Nvidia's record results and whether th...

Eyes on Nvidia & wages rise above inflation

19 Nov 2025

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with Matt Sherwood from Perpetual about the day's market action including why Nvidia's quarterly results ...

$60bn wiped from ASX & scams rise ahead of Black Friday sales

18 Nov 2025

Contributed by Lukas

SBS Finance Editor Ricardo Gonçalves speaks with David Lane from Ord Minnett about why the ASX200 had its second worst day of the year as $60bn is wi...