Less confidence, less missiles

NAB Morning Call

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1:03:29

Finally, we find out who is unbeatable, unhateable, and unbreakable in the final five episodes of Battle Camp Season One. Host Chris Burns is joined by the multi-talented comedian Dana Moon to relive the cockroach mac & cheese, Trey’s drag debut, and the final wheel spin. The Season One Winner joins Chris to debrief on strategy and dish on game play. Leave us a voice message at www.speakpipe.com/WeHaveTheReceipts Text us at (929) 487-3621 DM Chris @FatCarrieBradshaw on Instagram Follow We Have The Receipts wherever you listen, so you never miss an episode. Listen to more from Netflix Podcasts.…

about a year ago 17:43

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Wednesday 26th March 2025

Financial Services Guide | Information on our services - NAB

US markets lost their mojo a little in this session. NAB’s Gavin friend says this was in part due to a weaker than expected consumer confidence report from the Conference Board. It showed the lowest number for forward expectations in 12 years. The enthusiasm early in the week for more caveats in the April II tariffs diminished somewhat today as president trump indicated that car tariffs would start almost immediately and that his administration was tapping existing laws to impose broader tariffs. There's more enthusiasm in Europe however where Germany's Ifo business expectations rose and there was renewed hope that Ukraine and Russia will agree to a deal to enable merchant shipping in the Black Sea to operate without being shot at. There's also discussion about yesterday's budget, today's CPI numbers and what could be a very tricky day for the UK chancellor.

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1405 episodes

#Phil Dobbie #Economics #Business #Business Disciplines #Business News #News #Finance #Australia #Commodities #Trading #NAB Morning #Marketing #Bond #Share

Less confidence, less missiles

NAB Morning Call

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published about a year ago

MP3•Episode home

Wednesday 26th March 2025

NAB Markets Research Disclaimer

Financial Services Guide | Information on our services - NAB

Hosted on Acast. See acast.com/privacy for more information.

1405 episodes

#Phil Dobbie #Economics #Business #Business Disciplines #Business News #News #Finance #Australia #Commodities #Trading #NAB Morning #Marketing #Bond #Share

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NAB Morning Call

1
The bounce and the Beautiful Bill 16:32

20 hours ago16:32

16:32

Thursday 15th May 2025 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB Equity markets were a little more restrained today, perhaps because there were no big announcements to drive the enthusiasm. Tech is the exception, that continues to move up. And deals with Japan and South Kores are close, apparently. NAB’s Tapas Strickland says the lowering of tariffs on China has already had an impact, with container ship bookings rising sharply this week. Data out later will show us the impact the cuts had on retail sales and producer pries in the US in April. The US President is still in the Middle East, and will perhaps move to Turkey later today if Putin indicates he will show up for negotiations with Zelensky. But don’t count on it. There’s also an increasing focus on the Beautiful Bill - what form will it eventually take. The Wall Street Journal has described it as a Turkish Bazaar of ideas and there are concerns that it could add to debt without assisting with growth. Hosted on Acast. See acast.com/privacy for more information.…

NAB Morning Call

1
Markets rally on hopes of more deals 17:19

2 days ago17:19

17:19

Wednesday 14th May 2025 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB There’s no denying, President Trump and his team are out to do deals and, right now, markets seem to be loving in. NAB’s Skye Masters talks through today’s market action, which has seen a significant rise in tech stocks, helped by news that restraints on the sale of NVIDIA stocks could be lifted for the UAE. The other big announcement during the President’s visit to the Middle East is a $142bndefence deal with Saudi Arabia. With all this positive sentiment, it seems investors that were underweight on US equities are quickly buying back in to the market. The S&P is now higher than it was at the start of the year. And, as Phil discusses with Skye, the data we’ve seen over the last 24 hours – US CPI, the NFIB small business survey, NAB’s Australian Business Survey and Westpac’s consumer confidence, all came in a little better than expected. Today, aide from the next bit of Trump news, |ussie wages data is released. It’s unlikely it’ll do anything to stop a cut by the RBA next week. Hosted on Acast. See acast.com/privacy for more information.…

NAB Morning Call

1
90-day reprieve on debilitating US China tariffs 17:09

3 days ago17:09

17:09

Tuesday 13th May 2025 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB Markets were taken aback by the size and immediacy of tariff cuts announced Monday between China and the US. Although we did highlight it as a possibility in yesterday’s podcast. NAB’s Gavin Friend says it wasn’t just the size of the tariff cuts, down to 30% on China and 10% on the US, but also the goodwill displayed after the weekend talks. Equities have risen sharply, the dollar is stronger, and markets are pricing in more rate cuts. The news does make upcoming data a little less relevant. We get the US inflation print today - if its higher the US administration can say the lower tariffs should fix that. Just as the UK government can respond to higher unemployment - if it happens today -by saying they have just proposed sweeping changes to immigration rules. That’s politics. And there’s a lot of it lately. GOT A QUESTION FOR NAB’S CEO? Phil will be talking to Andrew Irvine on the Weekend Edition, a week on Friday. Ask what you like about finance and the economy, globally or locally. Orif you want your voice heard, ask your question out loud and send in a sound file to be played on the podcast. Whichever way you want to do it, email morningcall@nab.com.au - don’t forget to include your name and where you are from. Hosted on Acast. See acast.com/privacy for more information.…

NAB Morning Call

1
Substantial progress. But who holds the cards? 16:15

4 days ago16:15

16:15

Monday 12th May 2025 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB US Treasury Secretary Bessent said there had been ‘substantial progress’ in the negotiations with China over the weekend. Maybe the US is feeling the pressure, with stores warning of supply shortages. China, meanwhile, according to trade data on Friday, is exporting more, they’ve just switched the destination away from the US. Phil asks NAB’s Rodrigo Catril if China exports have a deflationary impact elsewhere (not the US), will we see more of a divergence in the approach taken by central banks? And could this be a big week for deals? With China? With other nations? And potentially positive talks over Ukraine with Putin and Zelensky supposedly set to meet face to face. Hosted on Acast. See acast.com/privacy for more information.…

NAB Morning Call

1
Weekend Edition: CRE – Why Everyone Needs Good NABERS 27:47

7 days ago27:47

27:47

Friday 9th May 2025 Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here . The commercial real estate (CRE) market has struggled post-COVID, with working from home and online shopping both taking a chunk out of demand for properties. But the tide is starting to turn, with investment picking up and a stronger focus on building greener premises or adapting older buildings to meet new green regulations. It’s a Herculean task, with CRE contributing 18 percent of direct carbon emissions in Australia. Nonetheless, we are winning the battle, according to Natasha Mulcahy, the Pacific region director, ESG at the global commercial real estate consulting and investment firm CBRE. And NAB is doing its part. Paul Lennard is NAB’s Executive, Business Lending Products – his team includes a sustainable finance unit which has built a growing portfolio of around $2bn in green finance over three years, including the CRE sector. Natasha and Paul join Phil this week to talk about the growth in sustainable CRE, who is driving that change and the regulations that make it impossible to ignore. Hosted on Acast. See acast.com/privacy for more information.…

NAB Morning Call

1
A deal, a cut and another Trump trade tip 15:38

7 days ago15:38

15:38

Friday 9th May 2025 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB Markets have seen the positive side of the US-UK trade deal. It’s a sign that deals can be done to reduce tariffs, but NAB’s Ken Crompton wonders whether sentiment is running ahead of itself. Although there are some carves out for sectors, including steel, the UK base tariff rate remains at 10 percent. This for a country that already buys more from the US than it sells to them. For that the UK has reduced some of its tariffs and is expected to remove invisible barriers around agriculture. If anything, it could be seen as a sign that tariffs won’t move down far, even when a deal is done. Still, the US President gave another tip to buy shares because they are going to take off “like a rocket ship”. Beyond the optimism of the share market central banks are still grappling with the uncertain environment. The Bank of England vote was split three ways. The focus is on China this weekend, with trade data, CPI and PPI and the start of those trade talks. Hosted on Acast. See acast.com/privacy for more information.…

NAB Morning Call

1
Patient Powell wants to wait and see 16:31

8 days ago16:31

16:31

Thursday 8th May 2025 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB US equity markets took a hit when the Fed announced no change in interest rates, even though it was expected by just about everyone. Then shares picked up as Jerome Powell gave his press conference, in which he talked up the current state of the US economy and said they were in a good place to cope with whatever comes down the track. He was uncommitted on any future decisions, saying they will have to wait and see what impact tariffs have on employment and inflation. NAB’s Gavin Friend talks through what was said. Meanwhile, China is not in wait and see mode. The PBoC cut base rates, cut lending rates further and eased bank reserve requirements. And the Bank of England is widely tipped to cut rates themselves today. Hosted on Acast. See acast.com/privacy for more information.…

NAB Morning Call

1
Trump will make the call on tariffs, but not interest rates 17:02

9 days ago17:02

17:02

Wednesday 7th May 2025 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB The US President has made it clear there won’t be negotiations back and forth on tariffs, he’ll simply make the call. NAB’s Sally Auld says that accounts for most of the uncertainty in markets today, with big falls in equities again. The US dollar is weaker again, with the Aussie gaining some strength. The repricing in Asian markets, including the ‘violent repricing of the Taiwanese dollar’, will drag the Aussie higher in the process, says Sally. Today all eyes will be on the FOMC meeting, early tomorrow morning Australia time. It’ll be more about the words in the statement than the decision itself, which is firmly priced for a hold. Hosted on Acast. See acast.com/privacy for more information.…

NAB Morning Call

1
Markets uncertain despite strong Services ISM 14:42

10 days ago14:42

14:42

Tuesday 6th May 2025 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB There’s much less enthusiasm in the markets today, with US equities finishing deeply in the red at session lows, finishing a nine-day winning streak. There’s no readily apparent reason, except perhaps for concerns the scope and timing of US trade deals. The Taiwanese dollar rose further today over reports that a trade deal would be based on an appreciation in their currency. NAB’s Taylor Nugent talks through the latest tariff news, the latest Services ISM data for the US, as well as the declines in oil prices as OPEC+ increase supplies at a time of an expected global downturn. Hosted on Acast. See acast.com/privacy for more information.…

NAB Morning Call

1
Will US jobs survive the tariff war? 16:36

11 days ago16:36

16:36

Monday 5th May 2025 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB There was a risk-on Friday, as the price of equities rose, and repricing of Fed rate cut expectations saw bond yields rising too. NAB’s Tapas Strickland says there are two reasons for this optimism. First, the continued hope that some sort of truce will be found in the tariff war between the US and China, and secondly the strength in the labour market demonstrated in non-farm payrolls on Friday. The cautionary note is that this report is based on jobs held just a few days after ‘Liberation Day’. Still, no rush yet for the Fed to cut rates, hence the repricing. It was the opposite story in Australia on Friday, where a surprise plateauing of retail sales reinforces the need for a cut at the next RBA meeting, as well as raising the case for successive cuts this year. Hosted on Acast. See acast.com/privacy for more information.…

NAB Morning Call

1
Weekend Edition: Dwelling prices on the rise. Where next? 29:03

14 days ago29:03

29:03

Friday 2nd May 2025 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB Australian house prices are back on the rise, but how sustainable is this growth considering global economic uncertainty. Or will any potential external factors be more than offset by falling interest rates? Core Logic’s Eliza Owen joins Phil to discuss what’s been happening in Australia’s capital city and regional markets and where could see the most growth this year. Also, what influence will affordability have on the housing market? Could we see a situation where price growth slows when a peak in the price people will pay for rent starts to impact yields? Hosted on Acast. See acast.com/privacy for more information.…

NAB Morning Call

1
Strong earnings, future concerns 16:59

14 days ago16:59

16:59

Friday 2nd May 2025 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB It’s been a session heavy on news and data, largely seen as positive, particularly inequity markets although they lost some of their gains towards the US close. NAB’s Rodrigo Catril says two things were driving shares higher. First, yesterday’s string earnings results for Microsoft and Meta. Secondly, the Manufacturing ISM, although down, was better than expected. Markets have taken that as a good sign and repriced rate cut expectations from the Fed, but Rodrigo is more cautious. Data from May and June will be more representative of the impact of the Trump trade agenda. On that, tonight’s, non-farm payrolls could be very influential. The continuing jobless claims overnight could be a warning sign, heading up to a multi-year high. Hosted on Acast. See acast.com/privacy for more information.…

NAB Morning Call

1
US economy shrinks, but is it temporary? 17:48

15 days ago17:48

17:48

Thursday 1st May 2025 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB Markets responded to a larger than expected fall in US GDP reported this morning. But, as NAB’s Skye Masters suggests, equity markets clawed their way back in late trade. Perhaps its because the fall was largely driven by short term factors, in particular a much higher than expected level of imports, cars in particular, ahead of the imposition of tariffs. Canada saw a similar impact on their GDP read, whilst the European economy was exempt from such impacts. Yesterday’s Aussie CPI print gives no reason for the RBA to avoid a rate cut this month. They have been overly cautious on their outlook for inflation, says Skye. The focus now switches to US jobs, with non-farm payrolls tomorrow night, the weekly jobless claims tonight, and a weaker than expected growth number in the ADP figures last night. Plus the earnings or Meta and Microsoft. Hosted on Acast. See acast.com/privacy for more information.…

NAB Morning Call

1
Hopes remain as real data starts to flow in 14:54

16 days ago14:54

14:54

Wednesday 30th April 2025 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB We are in the thick of economic data today - Aussie CPI, European and US GDP, US wages and the core PCE deflator. We’ve just seen weaking confidence in the Conference Board’s latest survey. Yet equity markets continue to rise. In fact, the S&P has had its biggest six day rise since March 2022. NAB’s Taylor Nugent says some the optimism is the hope that tariffs will be wound back, with U.S. Commerce Secretary Howard Lutnick saying a trade deal has been reached, but he’s not going to say who with just yet. President Trump gives his big 100-day rally in a few hours’ time. It will be a beautiful thing. Hosted on Acast. See acast.com/privacy for more information.…

NAB Morning Call

1
What’s in store for US shoppers? 12:37

17 days ago12:37