The bank of mum and dad funding first home buyers | BHP cuts 750 jobs | Trump at the Nasdaq
A survey by UBS has found 20 per cent of parents and grandparents have offered financial assistance to family members with a growing number helping to buy a home, and often with a $200,000 helping hand; BHP has blamed coal royalties for removing 750 Queensland mining jobs; and Donald Trump’s son spruiks his new bitcoin business at the Nasdaq just as the President rebuffs questions about family finances.
00:00 BHP is removing 750 jobs from one of its Queensland coal operations, which it jointly owns with Mitusbishi Development
00:49 The Federal Government unveiled a $1.1 billion dollar investment to secure the secure the supply of fossil fuel alternatives like canola, sorghum and sugar
02:51 Super funds have continued their strong start to the new financial year, with the median growth option returning 1.3 per cent in August
03:35 The Australian dollar continued to climb against the US ahead of that interest rate decision
04:06 Parents and grandparents are increasingly offering financial assistance to family members
05:33 As Donald Trump rebuffed questions about his family finances today, son Eric was ringing the opening bell at the Nasdaq in New York
Ricardo Gonçalves breaks down the day’s financial news in On The Money.
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