The Switzer Show

Welcome back to another week of the Switzer Show. This week, Shaw and Partners' Adam Dawes and Fairmont Equities' Michael Gable go head to head on the same eight stocks, starting with Telstra after SpaceX's Starlink push into mobile. Plus economist Steve Keen on the recession he sees coming, and THB's Chris Cuesta on US small caps.

Chapters

0:00 Welcome

2:03 Adam Dawes, Shaw and Partners

13:41 Michael Gable, Fairmont Equities

30:21 Steve Keen, University College London

41:34 Chris Cuesta, THB

51:46 Close

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#TheSwitzerShow #ASX #Investing #Telstra #Starlink #BHP #CBA #Gold

Economist Steve Keen, Distinguished Research Fellow at University College London, sits down with Peter Switzer for the full version of their conversation from this week's Switzer Show. Keen says "we're going to be screwed next year, courtesy of the Strait of Hormuz", and sets out what he thinks governments and investors should do about it.

- Why Keen expects a recession, and why he says putting up interest rates in Australia can't fix inflation driven by energy prices and the Strait of Hormuz

- Why he thinks Treasurer Jim Chalmers should increase the deficit rather than cut it, and how he says government deficits create money

- AI as "artificial pattern recognition", and what it could mean for clerical work and jobs

- His take on the bond market, the RBA and Australians in the mortgage belt

- Where he'd invest: food production, and why he counts Australia among the countries with the "relative bandwidth to survive this"

Watch this week's Switzer Show: https://youtu.be/HSIYRlDy0SA

Chapters

0:00 Introduction

1:24 Steve Keen joins Peter

1:59 House prices

3:43 Rates, inflation and the Strait of Hormuz

4:48 The recession call

5:11 Why Chalmers should spend more

9:58 The outlook for the global economy

10:49 Iran and Trump

11:32 AI: "artificial pattern recognition"

15:47 Climate change and the economists

18:39 The bond market

24:59 The RBA and the mortgage belt

26:02 Does money printing cause inflation?

29:18 Productivity and the future of work

34:29 Where to invest: food production

37:14 Close

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#SwitzerPodcast #SteveKeen #Recession #AI #Economy #Investing #Chalmers

HSBC chief economist Paul Bloxham joins Peter Switzer the night before the RBA decision with a call for two more rate rises, alongside Julia Lee of Shaw and Partners and Rudi Filapek-Vandyck of FNArena.

Chapters

0:00 Welcome

0:56 Paul Bloxham, HSBC

12:20 Julia Lee, Shaw and Partners

24:43 Rudi Filapek-Vandyck, FNArena

42:17 Close

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The Switzer Show airs live each Monday at 7pm AEST on switzer.com.au/tv, plus stream on Spotify and Apple Podcasts.

#TheSwitzerShow #ASX #Investing #RBA #InterestRates #HousePrices #Xero #WiseTech

Peter Switzer talks to Grady Wulff, Senior Market Analyst at Bell Direct, Raymond Chan, Private Client Adviser and Head of Asian Desk at Morgans and Kyler Chong, General Manager, SME at Virgin Australia.

Grady Wulff goes through the tech names the market punished this year and which of them have the foundations to turn, plus the mining giant she thinks the copper cycle is about to reprice.

Raymond Chan is back from Hong Kong and the Greater Bay Area with a read on how seriously China is taking AI, why the front end is digital and the back end is physical, and where that leaves Australian resources and infrastructure.

Kyler Chong on the new Virgin Australia Business Flyer program, why SME travel has not slowed, and how a small business can earn points twice on one flight.

On the show:

- The SaaS names sold down this year, and the one with almost every broker on a buy.

- A logistics business with no close competitor, and whether AI is a threat or a tool.- What the brokers now want to pay for CBA after this year's run.

- Copper, uranium, and why a new mine takes decades to reach production.

- The pick out of reporting season that is not a tech stock but sells into the AI build-out.

- Two more rate rises on the futures curve, and what that does to the retailers.

Try the Switzer Report: https://switzerreport.com.au/subscribe/The Switzer Show airs Monday at 19:00 AEST on ausbiz.

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This information is general in nature and does not take your objectives, financial situation or needs into account. It is not a recommendation to buy or sell any security. Consider seeking advice from a licensed financial adviser before acting.

Alan Joyce spent almost 15 years running Qantas and left with shareholders ahead and the public against him. On the Switzer Show he named two decisions he would take back, defended the board that has been blamed for the rest, and argued the case that Australia's most protected airline was never protected at all.

In this week's feature interview:

What he would have done differently on the outsourcing that ended in the Federal Court

Why he would now have cancelled the flights and let the call centre melt down

Why he says Australia is the most open aviation market in the world, and Japan, Singapore and the United States are not

What happened when Qantas challenged Airbus and Boeing to build an aircraft neither wanted to build

His answer on Richard Goyder, the board, and the Chairman's Lounge question

Whether a CEO who was good for shareholders can claim to have been good for customers

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Peter Switzer talks artificial intelligence with Jun Bei Liu, Founder and Portfolio Manager at Ten Cap, and Matthew Michalewicz, Chief Executive Officer at Complexica.

Jun Bei Liu works through the technology stocks facing disruption from AI, and where she sees value after the sell-off. On her list: Xero, WiseTech, TechnologyOne, Life360 and REA Group. One of them she calls a staple buy. Another she is sitting back on until she sees a couple more results.

Matthew Michalewicz has spent his life in AI and now runs a company built on it. He explains why this technology is unlike any invention that came before it, what the warnings from Anthropic and OpenAI are really about, where he expects the frontier labs to go next, and whether AI could end the world inside ten years.

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The Switzer Show airs Mondays at 7pm AEST on ausbiz, live and on demand.

Reporting season is over, and Peter Switzer starts with the CEO of a company he thinks is on the upside.First, William Elliott, Managing Director and Chief Executive Officer of CAR Group, on the result he says makes a fifth consecutive year of double digit growth, why the share price has not followed, and the international business he thinks the market underestimates. Then Diana Mousina, Deputy Chief Economist at AMP, on whether the RBA hikes this month, what falling house prices are doing to spending, and where she sees shares over the next 12 months. Then Charlie Aitken, Group Investment Director at Regal Partners, on the divide between global and domestic earners, the Commonwealth Bank, CSL, Pro Medicus, BHP and the case for owning commodities. Finally Michael Gable, Managing Director and founder of Fairmont Equities, on the charts for the Commonwealth Bank, BHP, Xero, Pilbara Minerals, Zip and his own top pick.

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The Switzer Show airs live each Monday at 7pm AEST on switzer.com.au/tv, plus stream on Spotify and Apple Podcasts.

Reporting season delivered its winners and its warnings. On this week's Switzer Show, Peter Switzer is joined by Paul Rickard of the Switzer Report, Adam Dawes of Shaw and Partners, Russell Grady of FDC, Brendan O'Connor of Regal Partners and Joshua Bolot of DroneShield.

In this episode:

- Paul Rickard and Adam Dawes work through reporting season and land on seven names, from an industrial throwing off a billion in free cash to one healthcare stock that has run so far that only one of them is still buying it

- Russell Grady on running a 36 year old construction business through its first weeks as a listed company, and the three-way split that keeps it out of residential

- Brendan O'Connor on Phil King's retirement, the four forces he thinks will shape the next five years, and why he is telling clients to dial their risk back a notch

- Joshua Bolot on the World Cup sites, airports and prisons now buying counter drone technology, and a direct answer on the director share sales that hit the share price

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The Switzer Show airs Mondays at 7pm AEST on ausbiz.

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BHP Chief Financial Officer Vandita Pant joins Peter Switzer after the Big Australian's bumper result, alongside TenCap's Jun Bei Liu and Medallion Financial's Michael Wayne with their reporting season verdicts.

- Copper now makes up more than half of BHP's earnings. CFO Vandita Pant on whether the run can continue, the $4.5 billion byproducts story, and the timeline for Copper South Australia

- Jun Bei Liu names the gem of reporting season, the turnaround she's buying more of, and the gold miner she'd sell. Which ones?

- Michael Wayne on the ASX's pure AI infrastructure play, a fallen IPO he thinks could be the next Pro Medicus, and the tech stocks shooting the lights out

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The Switzer Show airs live each Monday at 7pm AEST on switzer.com.au/tv, plus stream on Spotify and Apple Podcasts.

Ryan Stokes AO might be one of the busiest CEOs on the ASX. His company, SGH, owns a number of businesses including Boral, Westrac, Coates, Beach Energy, as well as Seven West Media. He's also a director of Southern Cross Austereo following a recent merger. He took some time out of his busy schedule to talk to Peter Switzer on the Switzer Show this week about the empire he oversees to share what he thinks Canberra is getting wrong when it comes to growing the future economy, how his businesses use AI, and why he gave up the chase to add BlueScope Steel to SGH's stables.