Chanticleer

This week Chanticleer columnist James Thomson and business editor Anthony Macdonald examine the incredible spy and sex scandal that’s engulfed Nvidia chief executive Jensen Huang, they look at how Qantas ripped the lid off the AI-two step coming for white collar jobs, and they take a question about who might benefit from the collapse of David Jones.

This podcast is sponsored by Ripple

To ask a question, email [email protected]

Further Reading:

Could Jensen Huang take down Donald Trump too?
The Nvidia chief’s exit was inevitable. But questions remain over what the US president knew about the chip executive’s links to an alleged Chinese spy – and when.
Qantas just showed you how AI will kill white-collar jobs
The two-step – cut jobs via offshoring first, then use artificial intelligence to automate – is becoming a common sight in corporate Australia. It’s brutal news for white-collar workers..
Anywhere but Victoria: Investors demand end to debt cycle
Big investors say Victoria’s debt problem has cast a pall over the state’s reputation in capital markets, and the next government must take real action.

See omnystudio.com/listener for privacy information.

This week, Chanticleer columnist James Thomson and deputy editor of business Anthony Macdonald dissect what might prove to be the biggest news week of the year. They get into troubled Australian companies Canva and David Jones, they ask what’s broken with interest rates after yet another rate rise, and try to work out what Donald Trump’s shellacking means for us here in Australia.

This podcast is sponsored by Ripple

To ask a question, email [email protected].

Further reading:

Markets are a sea of red – and one frightening pocket of green
The Democratic Party’s huge midterms win has sparked a brutal sell-off by investors. It’s not easy to see what stops the pain.
Bullock’s wrong. DJs and Canva show this may feel worse than recession
RBA governor Michele Bullock isn’t sugar-coating what’s coming. But artificial intelligence disruption may add a new element of pain to a traditional slowdown.
One scary number in NAB’s result says pain is coming
NAB, two weeks after unveiling massive job cuts, has made it clear its braced for economic pain. Welcome to the banking sector’s first real credit cycle in more than a decade.

See omnystudio.com/listener for privacy information.

This week, Chanticleer columnist James Thomson and deputy editor of business Anthony Macdonald reveal why you’ve never seen anything remotely like the $3 trillion float of Anthropic, they explain what more bad news on inflation means for your mortgage, and answer a question that puts the spotlight on Musk's succession plan.

This podcast is sponsored by Stripe.

To ask a question, email [email protected].

Further reading:

Leah Weckert’s big gamble just wiped 10pc off Coles’ value
The scale of the risk that chief executive Leah Weckert is taking was immediately reflected in the share price reaction to her plan for the supermarket giant.
Bullock’s sideways glance tells us more rate pain is coming
Woolworths’ mince sales tell us households are bleeding. The RBA has little choice but to inflict more pain next week with a rate rise - will that really be it?
If Anthropic’s IPO goes wrong, the AI bubble will pop
The firm’s float will determine where the artificial intelligence trade goes next. But CEO Dario Amodei’s pitch – “my company could kill you, please buy my shares” – matters beyond markets.

See omnystudio.com/listener for privacy information.

This week, Chanticleer columnist James Thomson and deputy editor of business Anthony Macdonald jump into a couple of corporate story crackers on NextDC and NAB, preview the piece of data that will make or break Melbourne Cup Day, and take a question on whether the Chooks need to step up their AI game.

This podcast is sponsored by Stripe.

To ask a question, email [email protected].

Further reading:

$3b gone in 40 minutes: Inside the NextDC bloodbath

NextDC’s savage share price sell-off is more evidence that the country’s much-hyped AI infrastructure sector is bleeding. Two more big tests loom in the coming months.

What Musk’s mega Tesla-SpaceX merger is really about

Any tie-up between the billionaire’s two companies would be a huge moment for markets. But the reason is power, not money.

The two forces behind NAB’s job cuts should scare every Australian

The bank’s dual-pronged hammer blow to jobs should resonate across Australia’s office towers, particularly with the nation’s white-collar workers.

See omnystudio.com/listener for privacy information.

This week, Chanticleer columnists James Thomson and Anthony Macdonald look at how the Firmus fallout has spread around the globe and given the AI trade the wobbles, they ask why Australia is telling itself a big lie about the energy transition, and examine whether the property market can find a bottom. 

This podcast is sponsored by Stripe

To ask a question, email [email protected]

Further reading:

Housing just can’t find a bottom. And one market is crashing
Property veteran Louis Christopher is looking for two signs that the property market is bottoming. Neither is emerging, and on the Gold Coast, things are really getting ugly.
The pain that killed Firmus’ float is spreading. Here’s a new victim
AirTrunk’s decision to delay its Singaporean property IPO is another sign that the rising cost of capital is starting to foster doubts in the global artificial intelligence trade.
Australia is in an energy cold war, like it or not
Forget the climate wars. Energy security has become national security, and Australia’s policy paralysis is leaving us behind.

See omnystudio.com/listener for privacy information.

This week, Chanticleer columnist James Thomson and companies editor Anne Hyland examine how the $44 billion float of Firmus went bad, they look at how the removal of those debit and credit surcharges turned into a farce and they put on their berets for a look at France’s bond market bonfire.

This podcast is sponsored by Stripe

To ask a question, email [email protected] 

Further reading:
Firmus farce is a tale of hubris and arrogance
Team Firmus seemed sure its true believers would make its IPO a walk in the park. Turns out it was the sceptics who really mattered.
France just set the bond market on fire again
Fears that the country’s debt crisis could spread across global markets are getting more real. And there are no easy solutions.
AI sudden debt wobbles arrive at wrong time for Firmus
As the data centre operator scrambles to shut the books on its IPO, investors have again been reminded of the sheer scale of debt that is fuelling the AI boom.

See omnystudio.com/listener for privacy information.

This week, Chanticleer columnists James Thomson and Anthony Macdonald explain why the RBA’s latest rate hike is even scarier that it looks, they ask whether Australia’s private credit sector is in such a mess, and reveal why the debate around Australia’s $50 billion float prospect Firmus is only getting hotter.. 

This podcast is sponsored by Stripe

To ask a question, email [email protected]

Further reading:
Two pension giants just put Australia on notice. That’s scary
Our buy-and-hold-forever dreams are shattered – and it’s time to wake up to what’s really going on.
The gulf between Firmus believers and naysayers keeps getting bigger
The neocloud is rapidly heading towards the Australian sharemarket, and outsiders want to know which insiders are locked in – and which are free to sell.
The market’s betting AI will outrun bond yields, Fed rate hikes
We’re in a dangerous twilight zone where the cost of money doesn’t matter.

See omnystudio.com/listener for privacy information.

This week, Chanticleer columnists James Thomson and Anthony Macdonald look at why the next 40 years could be tougher for investors, businesses and policymakers, they take you inside this week’s special chook lunch to learn the secrets of an AI pioneer and they extract the big lessons from Australia’s great AI hack.

This podcast is sponsored by Stripe

To ask a question, email [email protected].

Further reading:
Australia’s OpenAI hack just exposed a threat to the AI bubble
We all think the AI bubble will be popped by debt, overcapacity or a lack of demand. The Aussie hack is a reminder the AI giants have another problem.
Want to really fix Australia? Here are five big ideas
Escaping Australia’s growth trap starts with a simple idea that we just can’t seem to nail.

See omnystudio.com/listener for privacy information.

This week, Chanticleer columnists James Thomson and Anthony Macdonald try and sort out whether AI is actually going to kill us all, they take you in what might be the biggest ASX float in Australian history, and try to figure out what a $1-a-day dose of Ozempic might mean for the economy. 

This podcast is sponsored by Stripe

To ask a question, email [email protected].

Further reading:
One way or another, AI’s gods have hit trouble. Firmus isn’t immune
Concerns about AI are as surreal as the numbers on the neocloud’s float. And those are the two threats to the story: either it doesn’t work, or it works too damn well.
Bigger than BHP: Firmus will be Australia’s most capital-hungry beast
The party’s only just getting started for the capital arrangers, who have a new favourite client.
Migration mess comes back to the economy, stupid
The government’s migration changes reflect the business-like approach that the corporate sector has been calling for. But don’t expect the heat in this debate to fade.
Inside the eye-watering numbers Firmus is finally revealing to fundies
The neocloud hopeful is talking a huge game, but it takes a dive into the prospectus to get the full picture of its long-term ambitions and profit projections.
How $1-a-day Ozempic could unleash a $12b boom
The combination of GLP-1 drugs in pill form and expanded access via the Pharmaceutical Benefits Scheme could turbocharge adoption in Australia.

See omnystudio.com/listener for privacy information.

This week, Chanticleer columnists James Thomson and Anthony Macdonald examine the growing sense of panic inside Australia’s property industry, explain why your next iPhone is going to cost a lot more and they look ahead to the next big test for markets. 

This podcast is sponsored by Stripe

To ask a question, email [email protected].

Further reading:
Fore! Why the death of LIV Golf is a warning sign f or markets
Saudi Arabia has emerged as key funder of the AI boom, the US government and even global M&A deals. But the Iran war is forcing it to make tough choices.
Why investors are letting JB Hi-Fi’s golden goose burn
JB Hi-Fi is proving itself to be the pin-up of the “softening Australia” sell-off. It’s a lesson all blue-chips should heed.
Bond vigilantes will rage at Trump’s bribe. Cracks in ASX could widen
After markets taught US Treasury Secretary Scott Bessent a lesson about who really controls bond yields, Donald Trump unveiled the sort of electoral bribe that vigilantes will hate.
Housing won’t go back to ‘normal’ in a world on fire. Maybe that’s OK
Bond markets keep screaming that higher borrowing costs are coming. That’s bad news for hopes of a quick turnaround in Australia’s property correction.

See omnystudio.com/listener for privacy information.