New reports show Nike's stock has plummeted 68 percent from its November 2021 peak.

Experts say it's a textbook 'fallen angel' - a former market darling now trading at beaten-down prices.

Sam Dickie from Fisher Funds explains further.

LISTEN ABOVE

New reports show Nike's stock has plummeted 68 percent from its November 2021 peak.
Experts say it's a textbook 'fallen angel' - a former market darling now trading at beaten-down prices.
Sam Dickie from Fisher Funds explains further.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Sam Dickie: Fisher Funds expert on Nike's share price dropping

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/30dc7d2f-628d-4b89-9adb-b30800862f3f/transcript

The conflict in the Middle East is continuing on for another week, and it's got experts concerned about the economic impacts.

Iran's blocking shipping in retaliation for the US and Israel bombardment - sending oil prices spiking.

Milford Asset Management expert Michael Luke explained how markets have continued to drop.

LISTEN ABOVE

The conflict in the Middle East is continuing on for another week, and it's got experts concerned about the economic impacts.
Iran's blocking shipping in retaliation for the US and Israel bombardment - sending oil prices spiking.
Milford Asset Management expert Michael Luke explained how markets have continued to drop.
LISTEN ABOVE

Michael Luke: Milford Asset Management expert on the impacts of the ongoing conflict in Iran

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/cef2e4a7-5c04-4729-876d-b41100761db5/transcript

Over in Australia, the Reserve Bank bumped the OCR up to 4.1 percent, up by 0.25 percentage points.

This is the second significant hike it two months, and it's got experts speculating about what this means for the economy on the whole.

HSBC chief economist Paul Bloxham wondered what this could mean for other global markets. 

LISTEN ABOVE

Over in Australia, the Reserve Bank bumped the OCR up to 4.1 percent, up by 0.25 percentage points.
This is the second significant hike it two months, and it's got experts speculating about what this means for the economy on the whole.
HSBC chief economist Paul Bloxham wondered what this could mean for other global markets.&nbsp;
LISTEN ABOVE

Paul Bloxham: HSBC chief economist on the RBA increasing the OCR for the second month in a row

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f68d11c8-40e1-49c8-853b-b41000768828/transcript

The Resources Minister is insistent Crown funds should help heat the geothermal sector.

A Government strategy has been released on its plan to double the use of geothermal energy by 2040.

It's also ring fenced $50 million from the Regional Infrastructure Fund for the development of geothermal energy projects. 

Resources Minister Shane Jones says it's a worthy investment.

"The Crown stepped up to the plate in the 1950s, did an enormous amount of drilling - not always successful, but a number of those drill holes have turned into major electricity suppliers." 

LISTEN ABOVE

The Resources Minister is insistent Crown funds should help heat the geothermal sector.
A Government strategy has been released on its plan to double the use of geothermal energy by 2040.
It's also ring fenced $50 million from the Regional Infrastructure Fund for the development of geothermal energy projects.&nbsp;
Resources Minister Shane Jones says it's a worthy investment.
"The Crown stepped up to the plate in the 1950s, did an enormous amount of drilling - not always successful, but a number of those drill holes have turned into major electricity suppliers."&nbsp;
LISTEN ABOVE

Shane Jones: Resources Minister explains why Crown funds should be directed towards geothermal sector

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/514e97ed-a4b1-47d6-ae56-b4100069564e/transcript

Sam Dickie: Fisher Funds expert on Nike's share price dropping

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