The Switzer Show

NextDC lost close to 40% of its value in a day. Is it now a bargain, or a stock to steer clear of? Peter Switzer puts that question to three experts, and one of them owns the stock. - Jun Bei Liu of TenCap gives her verdict on NextDC, and names the stocks she thinks could be a lot higher in six months - Rudi Filapek-Vandyck of FNArena and Paul Rickard of the Switzer Report don't always agree. They go head to head on NextDC, Xero ahead of its 12 November result, Pro Medicus and whether BHP can really get to $100 Chapters 0:00 Welcome 3:56 Jun Bei Liu, TenCap 16:45 Rudi Filapek-Vandyck, FNArena, and Paul Rickard, Switzer Report 46:26 Close Get a 21-day free trial of the Switzer Report - switzerreport.com.au/subscribe or Subscribe to the free Switzer Daily newsletter - https://switzer.com.au/subscribe The Switzer Show airs live each Monday at 7pm AEDT on switzer.com.au/tv, plus stream on Spotify and Apple Podcasts. #TheSwitzerShow #NextDC #ASX #Investing #Xero #WiseTech #BHP #CSL

Former Treasurer Josh Frydenberg says Australia's heading in the wrong direction, and joins Peter Switzer to talk about the economy, tax plus his new book, The Grateful Son, alongside Grady Wulff of Bell Direct and Michael Wayne of Medallion Financial on the stocks investors are asking about. Grady Wulff takes Peter’s list of stocks Switzer Report subscribers regularly ask about: Paladin, WiseTech, Xero, Evolution Mining, Titomic and CBA, including the price range at which she would want CBA in a portfolio Michael Wayne explains why he is “cautiously optimistic” despite rising bond yields, why he likes Megaport as an AI infrastructure play and is adding to WiseTech, and his views on Pro Medicus, Xero, CBA, BHP and gold Josh Frydenberg says the country is “heading in the wrong direction”, makes the case for a conversation about the GST paired with income tax cuts, and answers whether he will return to politics: “I’ve left the door open” Chapters 0:00 Welcome 0:57 Grady Wulff, Bell Direct 14:03 Michael Wayne, Medallion Financial 34:09 Josh Frydenberg 1:04:23 Close Get a 21-day free trial of the Switzer Report - switzerreport.com.au/subscribe or Subscribe to the free Switzer Daily newsletter - https://switzer.com.au/subscribe

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 Get a 21-day free trial of the Switzer Report - switzerreport.com.au/subscribe or Subscribe to the free Switzer Daily newsletter - https://switzer.com.au/subscribe 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 #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 Get a 21-day free trial of the Switzer Report - switzerreport.com.au/subscribe or Subscribe to the free Switzer Daily newsletter - https://switzer.com.au/subscribe The Switzer Show airs live each Monday at 7pm AEST on switzer.com.au/tv, plus stream on Spotify and Apple Podcasts. #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 Get a 21-day free trial of the Switzer Report - switzerreport.com.au/subscribe or Subscribe to the free Switzer Daily newsletter - https://switzer.com.au/subscribe 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. Listen on Spotify: https://open.spotify.com/show/0mqHg1gPNAqIobu9lnXT2U Listen on Apple Podcasts: https://podcasts.apple.com/au/podcast/the-switzer-show/id1484916577 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 Get a 21-day free trial of the Switzer Report - switzerreport.com.au/subscribe or Subscribe to the free Switzer Daily newsletter - https://switzer.com.au/subscribe

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. Want the full list of stocks mentioned on the show? Switzer Report subscribers get every call from every episode. Start a free trial at https://switzerreport.com.au/subscribe/ 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. Get a 21-day free trial of the Switzer Report - switzerreport.com.au/subscribe or Subscribe to the free Switzer Daily newsletter - https://switzer.com.au/subscribe 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 Want the research behind these calls? Switzer Report subscribers get stock analysis from Peter Switzer, Paul Rickard and the team every trading day. https://switzerreport.com.au/subscribe/ The Switzer Show airs Mondays at 7pm AEST on ausbiz. Spotify: https://open.spotify.com/show/0mqHg1gPNAqIobu9lnXT2U Apple Podcasts: https://podcasts.apple.com/au/podcast/the-switzer-show/id1484916577

Want a list of stocks discussed on the show? Subscribers only. Start a risk-free 21-day trial of the Switzer Report (www.switzerreport.com.au/subscribe) 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 Get a 21-day free trial of the Switzer Report - switzerreport.com.au/subscribe or Subscribe to the free Switzer Daily newsletter - https://switzer.com.au/subscribe 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.

SGH CEO Ryan Stokes and Life360 CEO Lauren Antonoff front up after results, joined by Julia Lee of Shaw and Partners, Michael Gable of Fairmont Equities and Mark Wallace of G50 Corp. - Ryan Stokes on SGH's $500 million buyback, the end of the BlueScope chase, and the productivity problem he wants Canberra to fix - Life360 crossed 100 million users and the market sold it off anyway. CEO Lauren Antonoff answers the AI question - Julia Lee has sold two market darlings this reporting season and bought a stock the market dumped. Which ones? - Michael Gable's charts find a screaming buy in the uranium patch, an energy breakout that could be days away, and a verdict on the bank everyone shorts - The gold explorer that just landed Hancock Prospecting on its register, and the obscure metal it's chasing Get a 21-day free trial of the Switzer Report - switzerreport.com.au/subscribe or Subscribe to the free Switzer Daily newsletter - https://switzer.com.au/subscribe 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 #ReportingSeason #Uranium #Gold #Banks

CHAPTERS00:00 - Introduction02:40 - Tesla, robotaxis and the ultimate AI company08:48 - What is vibe coding?12:17 - The ARK Venture Fund comes to Australia24:20 - Kalshi and prediction markets31:15 - The US economy, stocks and the boom36:46 - Will AI take your job?40:17 - Trump, Reagan and the golden eraWhich AI companies and technologies will boom over the next five years? In this full Switzer Show interview, Cathie Wood, one of the world's most influential tech investors, gives Peter Switzer her 2026 predictions on which companies she believes will change the world.Cathie Wood is the founder and chief investment officer of ARK Invest. Cathie has over 40 years of experience investing in disruptive innovation. Peter Switzer is the founder of the Switzer Group, a diversified content, publishing and financial services firm. An award-winning broadcaster and former academic economist at the University of New South Wales, Peter is one of Australia's most recognised financial commentators.In this episode:- Tesla: why she calls it the ultimate AI company, ARK's robotaxi maths, and the compound returns she expects over five years even if you halve her assumptions- The AI names in the ARK Venture Fund: early stakes in OpenAI, Anthropic and xAI, plus Replit and Shield AI, now open to Australian wholesale investors- Vibe coding: the AI shift she says turns everyone into a developer, and the companies behind it- Kalshi and prediction markets: the case for a market that could scale to the size of derivatives- Her boom call: AI lifting growth, inflation falling, and what she calls a real head spinner for markets- Will AI take your job? The data behind her contrarian answerLearn more about the ARK Venture Fund (Australian Feeder): https://www.associateglobal.com/funds/ark/?utm_source=switzer&utm_medium=youtube&utm_campaign=cathie-wood-interview&utm_content=full-episodeABOUT THE SWITZER SHOWThe Switzer Show is Peter Switzer's podcast on markets, money and investing. Each week Peter brings Australian investors the insights, experts and ideas that matter for your money, live and on demand on ausbiz. Read more at https://switzer.com.au/cathie-wood-interview-switzer-showThis offer is available to Wholesale Clients only, as defined in sections 761G and 761GA of the Corporations Act 2001. This video is general information only and is not financial advice. All forward-looking views and company assessments are Cathie Wood's / ARK Invest's. Past performance is not a reliable indicator of future performance.Subscribe for more from The Switzer Show.#CathieWood #ARKInvest #AI #AIStocks #Tesla #ElonMusk #TheSwitzerShow #ARKVentureFund #Investing #StockMarket #PeterSwitzerGet a 21-day free trial of the Switzer Report - switzerreport.com.au/subscribeorSubscribe to the free Switzer Daily newsletter - https://switzer.com.au/subscribe

Marty Switzer steps in for Peter this week, with three of the sharpest reads in the market as reporting season opens. FNArena's Rudi Filapek-Vandyck explains why this market has been a minefield, why an ASX earnings "recovery" is really just miners and banks, and names five all-weather stocks to own through the volatility. Shaw and Partners' Adam Dawes unpacks the semiconductor sell-off and the blow-up of a $46 billion hedge fund, weighs whether the AI trade has more to run, and gives three calls for reporting season: two to buy and one supermarket to short. And in a Switzer Show feature, Peter Switzer sits down with Yellow Brick Road's Mark Bouris on whether Australia is heading for a housing crash, what his own loan book is really saying, and what he learned from Donald Trump and Kerry Packer. Chapters 00:00 Introduction 00:54 Rudi Filapek-Vandyck on the market and 5 all-weather stocks 10:46 Adam Dawes on the AI sell-off and 3 stocks for reporting season 20:24 Mark Bouris on housing, rates and lessons from Trump and Packer The Switzer Show is general advice only and does not take into account your personal circumstances. Subscribe to the Switzer Daily newsletter for the list of stocks covered on today's show: https://switzer.com.au #SwitzerShow #ASX #Investing #ReportingSeason #AIstocks #Housing

Mark Bouris, one of Australia's greatest entrepreneurs and founder of Wizard Home Loans, joined Peter Switzer for this week's Switzer Show Feature Interview to unpack the Budget and its fallout, what the last three rate rises are doing to the economy, the housing slump everyone is arguing about, and to share what he learned up close from Donald Trump and Kerry Packer. In this week's feature interview: - What his own loan book is telling him - Why first-home buyers cannot meet the market right now - Whether Chris Joye's recent call on the Switzer Show for the 'biggest house price fall in history' still stands after this week's surprise inflation print - The hidden cost strangling small business - The three rules he was handed before meeting Donald Trump, and why Kerry Packer remains the most formidable person he has dealt with. Watch above, or listen to the Switzer Show on Spotify and Apple Podcasts. Get a 21-day free trial of the Switzer Report - switzerreport.com.au/subscribe or Subscribe to the free Switzer Daily newsletter - https://switzer.com.au/subscribe

On this week’s Switzer Show, Charlie Aitken explains the risks of passive investing, where he’s finding value on the ASX, why software is back in favour, and the commodity and mining stocks he believes are best positioned to benefit from a tightening supply outlook. He also weighs in on whether it’s time to buy or sell the banks. In this episode: - Charlie Aitken, Regal Partners: the dangers hiding in passive investing as he sees it, the supply squeeze he sees in new metals and resources, and why the sold-off software names on the ASX are a setup for patient investors - Ji He, Muzinich & Co interviewed by Marty Switzer: how business development companies (BDCs) work lending to the engine room of the US economy, and insight into the Muzinich BDC Income Fund (ASX: BDCI), Australia's first daily-liquid private-lending ETF. - Plus, a preview of our insightful feature interview with columnist and Chief Investment Officer Christopher Joye on his call for a record fall in house prices. You can hear the full conversation on the Switzer Show Feature Interview. Want the list of stocks mentioned on the show? Sign up for the Switzer Report newsletter at switzer.com.au/tv. The Switzer Show airs live each Monday at 7pm AEST on switzer.com.au/tv, and streams on Spotify and Apple Podcasts. ----- DisclaimersCharlie Aitken's firm Regal Partners holds positions in some of the stocks and sectors discussed. The Muzinich BDC Income Fund is brought to Australia by AGP Investment Management and Muzinich, which has a marketing arrangement with Switzer Financial Group. Chris Joye's forecasts are his own. Nothing in this episode is financial advice. Consider your own circumstances and seek professional advice before investing. #SwitzerShow #ASX #PassiveInvesting #Uranium #PrivateCredit #BDCI ***** Get a 21-day free trial of the Switzer Report - switzerreport.com.au/subscribeorSubscribe to the free Switzer Daily newsletter - https://switzer.com.au/subscribe

Christopher Joye joins Peter Switzer for a feature-length interview to explain why he believes Australia could be on the verge of record house price falls.He argues the country is heading into what could be the biggest house-price fall on record, a stalling economy, and a recession he says government policy is setting up.In this interview:- Housing: why Joye says prices are already falling at up to 14% a year in Sydney, and how the Budget's negative-gearing changes act like extra rate hikes- Interest rates: his call that the RBA is not done and needs to push the cash rate to 4.75-5%- The structural shift: how the negative-gearing change could rewire the way Australians invest in property- The banks: why he says CBA and the Aussie banks look overvalued, using one simple valuation test- The US and the Aussie dollar: why he is bullish on America, bearish on the Australian dollar, and backing "re-dollarisation"- AI: his contrarian case that AI is inflationary, not deflationary- The big picture: his warning on government spending, immigration and productivity, and why he thinks it ends in recessionWatch and listen to the Switzer Show at switzer.com.au/tv, and stream on YouTube, Spotify and Apple Podcasts.Note: Nothing in this interview is financial advice. Consider your own circumstances and seek professional advice before investing.#SwitzerShow #ChrisJoye #Housing #ASX #Investing #EconomyGet a 21-day free trial of the Switzer Report - switzerreport.com.au/subscribeorSubscribe to the free Switzer Daily newsletter - https://switzer.com.au/subscribe

Netwealth chief executive Matt Heine joins Peter Switzer to explain why he thinks the investment platform is a net beneficiary of AI, not a victim of the tech sell-off. In this feature interview with the ASX200 CEO: - Why Netwealth is a "volume, not seat-based" business, and how that changes the way AI affects its revenue - The moat Heine says a "bedroom coder" can't replicate: regulation and licensing, 25 years of capability, and relationships with more than 4,000 advisers - How Netwealth is using AI internally, including a chatbot now answering around 19% of incoming queries - What drove the recent fall in the share price, and how the business is positioned now - The new Netwealth Private product for high-net-worth clients - The advice gap: about 3.5 million Australians with complex needs, and only 10,000 to 12,000 advisers to serve them Matt Heine is the CEO and managing director of Netwealth (ASX: NWL) and has a direct interest in the company. Nothing in this clip is financial advice. Consider your own circumstances and seek professional advice before investing. Watch the full episode of the Switzer Show: https://youtu.be/X5boh_nRZDI The Switzer Show airs live each Monday at 7pm AEST on switzer.com.au/tv, and streams on Spotify and Apple Podcasts. #Netwealth #ASX #AI #Investing #SwitzerShow Get a 21-day free trial of the Switzer Report - switzerreport.com.au/subscribe or Subscribe to the free Switzer Daily newsletter - https://switzer.com.au/subscribe

On this week's Switzer Show, Peter Switzer talks to: Matt Heine, CEO & MD of Netwealth (ASX: NWL) — why a "volume, not seat-based" business is a net winner from AI, the regulation-and-relationships moat a bedroom coder can't replicate, the new Netwealth Private product for high-net-worth clients, and what really drove the share price down. Michael Gable, Fairmont Equities — the charts on the S&P 500 and a year of the ASX 200 going sideways, plus buy, hold and avoid calls on Fortescue, Northern Star, James Hardie, Ampol, Wesfarmers, WiseTech, Aristocrat, and his special pick with a fresh buy signal. Jacqui Fernley, founder & CIO of arcpoint OCIO — why the first week of US earnings was "a cracker," the one bank number that undercuts the private-credit scare, the chip sell-off as profit-taking rather than collapse, and where oil goes next. The Switzer Show airs live each Monday at 7pm AEST on switzer.com.au/tv, and streams on Spotify and Apple Podcasts.Nothing in this episode is financial advice. Stocks are discussed for general information only. Consider your own circumstances and seek professional advice before investing. #SwitzerShow #ASX #Netwealth #Investing #AustralianShares Get a 21-day free trial of the Switzer Report - switzerreport.com.au/subscribeorSubscribe to the free Switzer Daily newsletter - https://switzer.com.au/subscribe