Dr Ayesha Scott studies how New Zealanders think, feel and act around money. In this episode, the finance lecturer and co-creator of Sorted’s Money Personality Quiz breaks down the five personalities defined by her research.

With current cost-of-living pressures, we ask how personality factors in when money is tight, why financial education alone doesn’t necessarily lead to better decisions, and how it helps to understand your personality when stress hits. How does social media and one-click spending create what Dr Ayesha Scott terms a “perfect storm” for impulsive spenders? Why do even some high earners with no kids still feel like they’re going backwards?

Plus, the downside of being so-called “good with money”, and how a shared money language can help defuse money conflicts for couples and whānau.

For more places to follow Shared Lunch—check out http://linktr.ee/sharedlunch

Shared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. It is not financial advice. Information provided is general only and current at the time it’s provided, and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions—including a Target Market Determination and IDPS Guide for Sharesies Australian customers—can be found on our relevant Australian or NZ website.

Investing involves risk. You might lose the money you start with. If you require financial advice, you should consider speaking with a qualified financial advisor. Past performance is not a guarantee of future performance.

Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own.

Dr Ayesha Scott studies how New Zealanders think, feel and act around money. In this episode, the finance lecturer and co-creator of Sorted&rsquo;s Money Personality Quiz breaks down the five personalities defined by her research.
With current cost-of-living pressures, we ask how personality factors in when money is tight, why financial education alone doesn&rsquo;t necessarily lead to better decisions, and how it helps to understand your personality when stress hits. How does social media and one-click spending create what Dr Ayesha Scott terms a &ldquo;perfect storm&rdquo; for impulsive spenders? Why do even some high earners with no kids still feel like they&rsquo;re going backwards?
Plus, the downside of being so-called &ldquo;good with money&rdquo;, and how a shared money language can help defuse money conflicts for couples and whānau.
For more places to follow Shared Lunch&mdash;check out<a href="http://linktr.ee/sharedlunch"> http://linktr.ee/sharedlunch</a>
Shared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. It is not financial advice. Information provided is general only and current at the time it&rsquo;s provided, and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions&mdash;including a Target Market Determination and IDPS Guide for Sharesies Australian customers&mdash;can be found on our relevant Australian or NZ website.
Investing involves risk. You might lose the money you start with. If you require financial advice, you should consider speaking with a qualified financial advisor. Past performance is not a guarantee of future performance.
Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own.

Minimalist, socialite, realist: Which money personality are you?

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/69ba7518-2d21-43e9-a4d7-b4f800848748/transcript

SHARESIES · MARKET UPDATE · Week of 02 November 2026
Jacki Neumann, Head of Capital Markets

↑ WHAT'S UP — Local markets outpaced Wall Street, with the ASX 200 up 1.3% for the week and the NZX 50 up 0.5%. Miners led the quarterly updates, with Boss Energy up 10%, and gains for Pilbara Minerals and Lynas. Cloud was the bright spot in big tech results: Alphabet's cloud revenue more than doubled, Microsoft's Azure revenue rose 48%, and Amazon's AWS grew 39%. Oil rose for a fourth straight week, with Brent ending around US$115 a barrel.

↓ WHAT’S DOWN — The S&P 500 fell 0.6% and the Nasdaq lost 2%, after the Nasdaq's worst day since June on Friday. Alphabet fell almost 13% on Thursday on slow growth in search. Intel plunged almost 30% on Friday, and chipmakers were among the hardest hit across tech. Microsoft gave up early gains on plans for a US$25 billion bond sale. Locally, Coles fell 7.7% after weaker-than-expected sales, Wesfarmers dropped 4% as Bunnings sales growth moderated, and Cochlear fell 3.4%.

! BIGGEST SURPRISES — The RBNZ left the cash rate on hold at 2.75% against expectations of a hike, with markets now pricing around an 80% chance of a December hike. In Australia, annual inflation rose to 4.3% in September, up from 4% in August and above forecasts, driven by a sharp rise in fuel prices. RBA Governor Michele Bullock told a Senate committee that upside risks to inflation are emerging, and markets now see more than an 80% chance of a fifth rate hike this year on Tuesday.

◎ WHAT TO WATCH — After the latest RBA decision, Deputy Governor Andrew Hauser’s speech will follow on Thursday. Westpac reports full-year results on Monday, followed by NAB on Thursday and Macquarie Group's half-year result on Friday. Whitehaven Coal and Breville hold their AGMs on Thursday, and Coles and Qantas on Friday. In the US, Apple, Berkshire Hathaway and Palantir report on Monday, AMD and Pfizer on Tuesday, Qualcomm and Uber on Wednesday, and Airbnb and Atlassian on Thursday. US midterm elections are held on Tuesday, with control of Congress at stake, and Friday's October jobs report is expected to show unemployment holding at 4.2%.

◈ BIGGER PICTURE — Inflation is pushing central banks towards further hikes. The Fed held rates as expected, but reiterated that inflation is elevated, while two officials voted for a hike. Markets now see around a 75% chance of a December hike. Higher oil prices are adding to the pressure, as diplomatic efforts with Iran continue alongside speculation about renewed US strikes to come. Big tech is also spending heavily: Amazon's capital spending hit US $77B in the quarter, well above expectations, and Microsoft plans a US $25B bond sale. Investors are judging that spending against how fast AI revenue grows.

Disclaimer:

Sharesies Market Movements is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand.

This video is general market commentary and educational in nature. It is not financial advice and does not take into account your personal objectives, financial situation or needs. Information is current at the time of recording and may be subject to change. We do not provide recommendations and nothing in this video should be taken as a recommendation to buy or sell any financial product.

Investing involves risk. You might lose the money you start with. Past performance is not indicative of future performance.

If you require personal financial advice, you should consider speaking with a qualified financial adviser. Our disclosure documents and terms and conditions, including a Target Market Determination and IDPS Guide for Sharesies Australian customers, are available on our relevant Australian or NZ website.

SHARESIES &middot; MARKET UPDATE &middot; Week of 02 November 2026 Jacki Neumann, Head of Capital Markets
&uarr; WHAT'S UP &mdash; Local markets outpaced Wall Street, with the ASX 200 up 1.3% for the week and the NZX 50 up 0.5%. Miners led the quarterly updates, with Boss Energy up 10%, and gains for Pilbara Minerals and Lynas. Cloud was the bright spot in big tech results: Alphabet's cloud revenue more than doubled, Microsoft's Azure revenue rose 48%, and Amazon's AWS grew 39%. Oil rose for a fourth straight week, with Brent ending around US$115 a barrel.
&darr; WHAT&rsquo;S DOWN &mdash; The S&amp;P 500 fell 0.6% and the Nasdaq lost 2%, after the Nasdaq's worst day since June on Friday. Alphabet fell almost 13% on Thursday on slow growth in search. Intel plunged almost 30% on Friday, and chipmakers were among the hardest hit across tech. Microsoft gave up early gains on plans for a US$25 billion bond sale. Locally, Coles fell 7.7% after weaker-than-expected sales, Wesfarmers dropped 4% as Bunnings sales growth moderated, and Cochlear fell 3.4%.
! BIGGEST SURPRISES &mdash; The RBNZ left the cash rate on hold at 2.75% against expectations of a hike, with markets now pricing around an 80% chance of a December hike. In Australia, annual inflation rose to 4.3% in September, up from 4% in August and above forecasts, driven by a sharp rise in fuel prices. RBA Governor Michele Bullock told a Senate committee that upside risks to inflation are emerging, and markets now see more than an 80% chance of a fifth rate hike this year on Tuesday.
◎ WHAT TO WATCH &mdash; After the latest RBA decision, Deputy Governor Andrew Hauser&rsquo;s speech will follow on Thursday. Westpac reports full-year results on Monday, followed by NAB on Thursday and Macquarie Group's half-year result on Friday. Whitehaven Coal and Breville hold their AGMs on Thursday, and Coles and Qantas on Friday. In the US, Apple, Berkshire Hathaway and Palantir report on Monday, AMD and Pfizer on Tuesday, Qualcomm and Uber on Wednesday, and Airbnb and Atlassian on Thursday. US midterm elections are held on Tuesday, with control of Congress at stake, and Friday's October jobs report is expected to show unemployment holding at 4.2%.
◈ BIGGER PICTURE &mdash; Inflation is pushing central banks towards further hikes. The Fed held rates as expected, but reiterated that inflation is elevated, while two officials voted for a hike. Markets now see around a 75% chance of a December hike. Higher oil prices are adding to the pressure, as diplomatic efforts with Iran continue alongside speculation about renewed US strikes to come. Big tech is also spending heavily: Amazon's capital spending hit US $77B in the quarter, well above expectations, and Microsoft plans a US $25B bond sale. Investors are judging that spending against how fast AI revenue grows.
Disclaimer:
Sharesies Market Movements is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand.
This video is general market commentary and educational in nature. It is not financial advice and does not take into account your personal objectives, financial situation or needs. Information is current at the time of recording and may be subject to change. We do not provide recommendations and nothing in this video should be taken as a recommendation to buy or sell any financial product.
Investing involves risk. You might lose the money you start with. Past performance is not indicative of future performance.
If you require personal financial advice, you should consider speaking with a qualified financial adviser. Our disclosure documents and terms and conditions, including a Target Market Determination and IDPS Guide for Sharesies Australian customers, are available on our relevant <a href="http://sharesies.com.au">Australian</a> or <a href="https://www.sharesies.nz/legal-documents">NZ</a> website.

A surprise RBNZ hold, Alphabet slides, miners rally | Market Movements

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f3c685ea-c814-467d-bc22-b4f800896a89/transcript

Companies are borrowing billions to fund AI, energy infrastructure and expansion. But with global debt at record levels and borrowing costs putting pressure on businesses, are investors becoming more cautious?

In this Shared Lunch Quick Bite, Infometrics Chief Economist Brad Olsen looks at the surge in corporate borrowing, the risks behind soaring AI valuations, and why some investors are starting to question whether the potential returns justify the price.

Plus, how higher borrowing costs are changing investment decisions, from corporate expansion to property and bonds, and why understanding risk matters more than ever.

This conversation was recorded before the Reserve Bank's 28 October 2026 decision to hold the Official Cash Rate.

Shared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. It is not financial advice. Information provided is general only and current at the time it’s provided, and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions—including a Target Market Determination and IDPS Guide for Sharesies Australian customers—can be found on our relevant Australian or NZ website.

Investing involves risk. You might lose the money you start with. If you require financial advice, you should consider speaking with a qualified financial advisor. Past performance is not a guarantee of future performance.

Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own.

Companies are borrowing billions to fund AI, energy infrastructure and expansion. But with global debt at record levels and borrowing costs putting pressure on businesses, are investors becoming more cautious?
In this Shared Lunch Quick Bite, Infometrics Chief Economist Brad Olsen looks at the surge in corporate borrowing, the risks behind soaring AI valuations, and why some investors are starting to question whether the potential returns justify the price.
Plus, how higher borrowing costs are changing investment decisions, from corporate expansion to property and bonds, and why understanding risk matters more than ever.
This conversation was recorded before the Reserve Bank's 28 October 2026 decision to hold the Official Cash Rate.
Shared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. It is not financial advice. Information provided is general only and current at the time it&rsquo;s provided, and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions&mdash;including a Target Market Determination and IDPS Guide for Sharesies Australian customers&mdash;can be found on our relevant Australian or NZ website.
Investing involves risk. You might lose the money you start with. If you require financial advice, you should consider speaking with a qualified financial advisor. Past performance is not a guarantee of future performance.
Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own.

Bite: Is the AI investment boom running out of steam? | Brad Olsen

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c9cc6338-708b-4982-b282-b4f6004021f5/transcript

Are women really more cautious investors, or is something else going on?? And why are more young people looking beyond property to build wealth?

She's on the Money founder Victoria Devine joins Sharesies co-founder Brooke Roberts to discuss how investing is changing across Australia and New Zealand.

They look at why more women are entering the share market, what their preference for ETFs tells us about risk and diversification, and how rising barriers to home ownership are changing the way younger people think about wealth.

Plus, Victoria shares what she’s learned from overcoming $40,000 in consumer debt.

Shared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. Information is current at the time it’s provided. Any advice provided is general advice only and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions—including a Target Market Determination and IDPS Guide for Sharesies Australian customers—can be found on our relevant Australian or NZ website.

Investing involves risk. You might lose the money you start with. If you require financial advice, you should consider speaking with a qualified financial advisor. Past performance is not a guarantee of future performance.

Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own. 

Are women really more cautious investors, or is something else going on?? And why are more young people looking beyond property to build wealth?
She's on the Money founder Victoria Devine joins Sharesies co-founder Brooke Roberts to discuss how investing is changing across Australia and New Zealand.
They look at why more women are entering the share market, what their preference for ETFs tells us about risk and diversification, and how rising barriers to home ownership are changing the way younger people think about wealth.
Plus, Victoria shares what she&rsquo;s learned from overcoming $40,000 in consumer debt.
Shared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. Information is current at the time it&rsquo;s provided. Any advice provided is general advice only and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions&mdash;including a Target Market Determination and IDPS Guide for Sharesies Australian customers&mdash;can be found on our relevant Australian or NZ website.
Investing involves risk. You might lose the money you start with. If you require financial advice, you should consider speaking with a qualified financial advisor. Past performance is not a guarantee of future performance.
Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own.&nbsp;

Victoria Devine: The new generation of investors

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2d2b0a9b-d096-405a-b091-b4f100461e8a/transcript

Higher for longer. Interest rates, inflation, and borrowing costs are all under pressure. What may it mean for your investments and New Zealand's economic recovery?

Infometrics Chief Economist Brad Olsen joins Garth Bray to explain why he expects the Reserve Bank to raise the OCR again this year, with potentially more hikes to come in 2027.

Hear how the Iran war, higher oil prices and a weaker New Zealand dollar are putting pressure on inflation. Why are global bond yields rising? How does America's growing debt affect borrowing costs here? And can New Zealand's economic recovery withstand another round of rate hikes?

With the election approaching, Brad also looks at the major parties' spending plans, why coalition negotiations could throw their budgets off course, and whether businesses really slow down investment while waiting for a new government.

For more places to follow Shared Lunch—check out http://linktr.ee/sharedlunch

Shared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. It is not financial advice. Information provided is general only and current at the time it’s provided, and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions—including a Target Market Determination and IDPS Guide for Sharesies Australian customers—can be found on our relevant Australian or NZ website.

Investing involves risk. You might lose the money you start with. If you require financial advice, you should consider speaking with a qualified financial advisor. Past performance is not a guarantee of future performance.

Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own.

Higher for longer. Interest rates, inflation, and borrowing costs are all under pressure. What may it mean for your investments and New Zealand's economic recovery?
Infometrics Chief Economist Brad Olsen joins Garth Bray to explain why he expects the Reserve Bank to raise the OCR again this year, with potentially more hikes to come in 2027.
Hear how the Iran war, higher oil prices and a weaker New Zealand dollar are putting pressure on inflation. Why are global bond yields rising? How does America's growing debt affect borrowing costs here? And can New Zealand's economic recovery withstand another round of rate hikes?
With the election approaching, Brad also looks at the major parties' spending plans, why coalition negotiations could throw their budgets off course, and whether businesses really slow down investment while waiting for a new government.
For more places to follow Shared Lunch&mdash;check out<a href="http://linktr.ee/sharedlunch"> http://linktr.ee/sharedlunch</a>
Shared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. It is not financial advice. Information provided is general only and current at the time it&rsquo;s provided, and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions&mdash;including a Target Market Determination and IDPS Guide for Sharesies Australian customers&mdash;can be found on our relevant Australian or NZ website.
Investing involves risk. You might lose the money you start with. If you require financial advice, you should consider speaking with a qualified financial advisor. Past performance is not a guarantee of future performance.
Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own.

Can the economy handle more interest rate hikes? Brad Olsen

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a0a9a414-bcee-4c0b-a549-b4ea00939829/transcript

SHARESIES · MARKET UPDATE · Week of 20 October 2026
Jacki Neumann, Head of Capital Markets

↑ WHAT'S UP — The ASX 200 gained 1% for the week while US markets fell, and the NZX 50 finished flat. US reporting season opened with the big banks: Goldman Sachs and Morgan Stanley beat forecasts, and results across the group suggest American consumers are in reasonable shape. Oil stayed high as conflict continued, with Brent crude ending the week around US$106 a barrel.

↓ WHAT’S DOWN — The S&P 500 fell 2% and the Nasdaq lost 4.5%, led by a sell-off in AI and chip stocks. The S&P 500 tech sector dropped 6.4% and the Philadelphia Semiconductor Index lost 11.4%, with CoreWeave plummeting 25% on concerns about credit risk, and Micron, SK Hynix and Samsung slid on rising competition and oversupply fears. Among the banks, JPMorgan missed on profit and revenue, and Wells Fargo’s revenue fell short.

! BIGGEST SURPRISES — US headline inflation rose above expectations to 3.7% in September, driven by fuel and energy costs. The 10-year Treasury yield jumped to 5.33%, then fell back to around 5.1% as AI stocks dropped and investors moved to safer assets. In Australia, employment fell by around 39,000 in September when economists expected a rise of 20,000. Unemployment rose to 4.7%, the highest level since late 2021. 

◎ WHAT TO WATCH — SpaceX, Netflix and General Motors report on Tuesday (US time), followed by Tesla, Meta and IBM on Wednesday. Also on Wednesday, RBA Deputy Governor Andrew Hauser speaks, and Transurban, Fletcher Building and Vulcan Steel hold their AGMs. BHP, the ASX, IAG and Auckland Airport meet on Thursday, and BHP, Woodside, Fortescue and Santos will also release quarterly updates during the week.

◈ BIGGER PICTURE — The financing of AI growth is still under scrutiny. The CEOs of Intel and Broadcom told a conference in Singapore that the cost of growth could become a bottleneck, while CoreWeave’s CEO pointed to setbacks for competitors trying to raise money through IPOs and debt. At the state level, central banks are leaning towards tighter policy: markets see about a 15% chance of a Fed hike in October, and RBNZ Chief Economist Conway said the October decision is “wide open” between a pause and a 25 basis point hike. CBA CEO Matt Comyn warned that growth is slowing and inflation remains too high, while Glencore’s secondary listing on the ASX, partly to reach domestic super funds, shows global companies still want access to Australian capital.

Disclaimer:

Sharesies Market Movements is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand.

This video is general market commentary and educational in nature. It is not financial advice and does not take into account your personal objectives, financial situation or needs. Information is current at the time of recording and may be subject to change. We do not provide recommendations and nothing in this video should be taken as a recommendation to buy or sell any financial product.

Investing involves risk. You might lose the money you start with. Past performance is not indicative of future performance.

If you require personal financial advice, you should consider speaking with a qualified financial adviser. Our disclosure documents and terms and conditions, including a Target Market Determination and IDPS Guide for Sharesies Australian customers, are available on our relevant Australian or NZ website.

SHARESIES &middot; MARKET UPDATE &middot; Week of 20 October 2026 Jacki Neumann, Head of Capital Markets
&uarr; WHAT'S UP &mdash; The ASX 200 gained 1% for the week while US markets fell, and the NZX 50 finished flat. US reporting season opened with the big banks: Goldman Sachs and Morgan Stanley beat forecasts, and results across the group suggest American consumers are in reasonable shape. Oil stayed high as conflict continued, with Brent crude ending the week around US$106 a barrel.
&darr; WHAT&rsquo;S DOWN &mdash; The S&amp;P 500 fell 2% and the Nasdaq lost 4.5%, led by a sell-off in AI and chip stocks. The S&amp;P 500 tech sector dropped 6.4% and the Philadelphia Semiconductor Index lost 11.4%, with CoreWeave plummeting 25% on concerns about credit risk, and Micron, SK Hynix and Samsung slid on rising competition and oversupply fears. Among the banks, JPMorgan missed on profit and revenue, and Wells Fargo&rsquo;s revenue fell short.
! BIGGEST SURPRISES &mdash; US headline inflation rose above expectations to 3.7% in September, driven by fuel and energy costs. The 10-year Treasury yield jumped to 5.33%, then fell back to around 5.1% as AI stocks dropped and investors moved to safer assets. In Australia, employment fell by around 39,000 in September when economists expected a rise of 20,000. Unemployment rose to 4.7%, the highest level since late 2021.&nbsp;
◎ WHAT TO WATCH &mdash; SpaceX, Netflix and General Motors report on Tuesday (US time), followed by Tesla, Meta and IBM on Wednesday. Also on Wednesday, RBA Deputy Governor Andrew Hauser speaks, and Transurban, Fletcher Building and Vulcan Steel hold their AGMs. BHP, the ASX, IAG and Auckland Airport meet on Thursday, and BHP, Woodside, Fortescue and Santos will also release quarterly updates during the week.
◈ BIGGER PICTURE &mdash; The financing of AI growth is still under scrutiny. The CEOs of Intel and Broadcom told a conference in Singapore that the cost of growth could become a bottleneck, while CoreWeave&rsquo;s CEO pointed to setbacks for competitors trying to raise money through IPOs and debt. At the state level, central banks are leaning towards tighter policy: markets see about a 15% chance of a Fed hike in October, and RBNZ Chief Economist Conway said the October decision is &ldquo;wide open&rdquo; between a pause and a 25 basis point hike. CBA CEO Matt Comyn warned that growth is slowing and inflation remains too high, while Glencore&rsquo;s secondary listing on the ASX, partly to reach domestic super funds, shows global companies still want access to Australian capital.
Disclaimer:
Sharesies Market Movements is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand.
This video is general market commentary and educational in nature. It is not financial advice and does not take into account your personal objectives, financial situation or needs. Information is current at the time of recording and may be subject to change. We do not provide recommendations and nothing in this video should be taken as a recommendation to buy or sell any financial product.
Investing involves risk. You might lose the money you start with. Past performance is not indicative of future performance.
If you require personal financial advice, you should consider speaking with a qualified financial adviser. Our disclosure documents and terms and conditions, including a Target Market Determination and IDPS Guide for Sharesies Australian customers, are available on our relevant <a href="http://sharesies.com.au">Australian</a> or <a href="https://www.sharesies.nz/legal-documents">NZ</a> website.

AI stocks slide as funding fears grow  | Market Movements

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/4c7afc32-7f94-4951-b38d-b4e8016a0092/transcript

In this bonus clip from our election conversation, Both Sides Now hosts Eve McCallum and Alex Martin discuss whether KiwiSaver should help young New Zealanders buy their first home, and where the limits on withdrawals should sit.

They also explore why property remains such a popular investment in New Zealand, whether younger generations are thinking differently about building wealth, and what could encourage more people to invest in shares and local businesses.

Hear the full Shared Lunch election conversation, What this election means for your portfolio, wherever you get your podcasts.

For more places to follow Shared Lunch—check out http://linktr.ee/sharedlunch

Shared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. It is not financial advice. Information provided is general only and current at the time it’s provided, and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions—including a Target Market Determination and IDPS Guide for Sharesies Australian customers—can be found on our relevant Australian or NZ website.

Investing involves risk. You might lose the money you start with. If you require financial advice, you should consider speaking with a qualified financial advisor. Past performance is not a guarantee of future performance.

Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own.

In this bonus clip from our election conversation, Both Sides Now hosts Eve McCallum and Alex Martin discuss whether KiwiSaver should help young New Zealanders buy their first home, and where the limits on withdrawals should sit.
They also explore why property remains such a popular investment in New Zealand, whether younger generations are thinking differently about building wealth, and what could encourage more people to invest in shares and local businesses.
Hear the full Shared Lunch election conversation, What this election means for your portfolio, wherever you get your podcasts. For more places to follow Shared Lunch&mdash;check out&nbsp;<a href="http://linktr.ee/sharedlunch">http://linktr.ee/sharedlunch</a>
Shared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. It is not financial advice. Information provided is general only and current at the time it&rsquo;s provided, and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions&mdash;including a Target Market Determination and IDPS Guide for Sharesies Australian customers&mdash;can be found on our relevant Australian or NZ website.
Investing involves risk. You might lose the money you start with. If you require financial advice, you should consider speaking with a qualified financial advisor. Past performance is not a guarantee of future performance.
Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own.

Why Gen Z is rethinking property and investing (Bonus bite)

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/d8f124cc-2eb2-41d0-a740-b4e7016268d5/transcript

Capital gains tax, compulsory KiwiSaver, a land tax and a $30 billion super bill. Which election policies will shape your wealth?

Eve McCallum leans right. Alex Martin leans left. The two 27-year-olds host Both Sides Now, and they’re here to tell us which election issues matter to Gen Z investors, and how they each see the next 30 years.

Hear whether a capital gains tax arrives a decade too late, whether taxing gains beats cutting income tax, and why neither sees property as a sure thing for their generation. Why does Eve call compulsory KiwiSaver “National’s best policy”? Should we raise the retirement age? We weigh fast-track consents against the trade-offs, and look at the Opportunity Party’s land tax and ACT’s plan to stop taxing KiwiSaver earnings.

Plus, why both guests want financial education in schools, and what they found in their partners’ KiwiSaver funds.

For more places to follow Shared Lunch—check out http://linktr.ee/sharedlunch

Shared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. It is not financial advice. Information provided is general only and current at the time it’s provided, and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions—including a Target Market Determination and IDPS Guide for Sharesies Australian customers—can be found on our relevant Australian or NZ website.

Investing involves risk. You might lose the money you start with. If you require financial advice, you should consider speaking with a qualified financial advisor. Past performance is not a guarantee of future performance.

Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own.

Capital gains tax, compulsory KiwiSaver, a land tax and a $30 billion super bill. Which election policies will shape your wealth?
Eve McCallum leans right. Alex Martin leans left. The two 27-year-olds host Both Sides Now, and they&rsquo;re here to tell us which election issues matter to Gen Z investors, and how they each see the next 30 years.
Hear whether a capital gains tax arrives a decade too late, whether taxing gains beats cutting income tax, and why neither sees property as a sure thing for their generation. Why does Eve call compulsory KiwiSaver &ldquo;National&rsquo;s best policy&rdquo;? Should we raise the retirement age? We weigh fast-track consents against the trade-offs, and look at the Opportunity Party&rsquo;s land tax and ACT&rsquo;s plan to stop taxing KiwiSaver earnings.
Plus, why both guests want financial education in schools, and what they found in their partners&rsquo; KiwiSaver funds.
For more places to follow Shared Lunch&mdash;check out <a href="http://linktr.ee/sharedlunch">http://linktr.ee/sharedlunch</a>
Shared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. It is not financial advice. Information provided is general only and current at the time it&rsquo;s provided, and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions&mdash;including a Target Market Determination and IDPS Guide for Sharesies Australian customers&mdash;can be found on our relevant Australian or NZ website.
Investing involves risk. You might lose the money you start with. If you require financial advice, you should consider speaking with a qualified financial advisor. Past performance is not a guarantee of future performance.
Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own.

What this election means for your money

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/0565e7f3-aa4e-4dff-a32a-b4e3006a0a76/transcript

↑ WHAT'S UP — The S&P 500 rose 1.2% for the week and the Nasdaq gained 0.6%, both hitting record highs early in the week. Chipmakers gave AI stocks an early lift: Marvell raised its long-term revenue outlook, and AMD said it will lift chip output next year. Closer to home, the ASX 200 edged up 0.4% and the NZX 50 gained 0.5%.

↓ WHAT’S DOWN — The University of Michigan's consumer sentiment survey fell, and Americans' view of current conditions hit its weakest since 1951. In Australia, Westpac's consumer sentiment index fell almost 5%. US telcos T-Mobile, AT&T and Verizon fell sharply as SpaceX agreed to buy a block of nationwide spectrum, a step towards turning Starlink into a mobile carrier.

! BIGGEST SURPRISES — US 10-year and 30-year Treasury yields both hit their highest levels since 2002, with heavy government borrowing, fiscal worries, and growing AI-related debt. Fed minutes added pressure: all 19 officials backed September's hike, and most saw another needed by year-end. Fed Governor Christopher Waller said more hikes are likely but don't have to come back-to-back.

◎ WHAT TO WATCH — Analysts expect S&P 500 earnings to grow almost 30% for the September quarter, according to FactSet. JPMorgan, Goldman Sachs, Wells Fargo and Citi report on Tuesday US time, followed by Bank of America and Morgan Stanley on Wednesday. On the economic calendar, the RBA releases its September minutes and NAB business confidence on Tuesday, China and the US release September inflation on Wednesday, Australia's September labour force data lands on Thursday, and eurozone September inflation closes out the week on Friday.

◈ BIGGER PICTURE — Investors are paying closer attention to how AI growth gets funded. SpaceX is reportedly looking to raise $40 billion in debt, and the Financial Times reported OpenAI's annualised revenue was closer to $50 billion than the $70 billion widely reported earlier. In Australia, AI infrastructure company Firmus withdrew its planned ASX listing after reportedly failing to attract enough demand amid valuation concerns. Add rising bond yields, a Fed leaning towards more hikes, and Brent crude around US$104 a barrel on Middle East tensions, and the cost of capital is back in focus.

Disclaimer:

Sharesies Market Movements is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand.

This video is general market commentary and educational in nature. It is not financial advice and does not take into account your personal objectives, financial situation or needs. Information is current at the time of recording and may be subject to change. We do not provide recommendations and nothing in this video should be taken as a recommendation to buy or sell any financial product.

Investing involves risk. You might lose the money you start with. Past performance is not indicative of future performance.

If you require personal financial advice, you should consider speaking with a qualified financial adviser. Our disclosure documents and terms and conditions, including a Target Market Determination and IDPS Guide for Sharesies Australian customers, are available on our relevant Australian or NZ website.

&uarr; WHAT'S UP &mdash; The S&amp;P 500 rose 1.2% for the week and the Nasdaq gained 0.6%, both hitting record highs early in the week. Chipmakers gave AI stocks an early lift: Marvell raised its long-term revenue outlook, and AMD said it will lift chip output next year. Closer to home, the ASX 200 edged up 0.4% and the NZX 50 gained 0.5%.
&darr; WHAT&rsquo;S DOWN &mdash; The University of Michigan's consumer sentiment survey fell, and Americans' view of current conditions hit its weakest since 1951. In Australia, Westpac's consumer sentiment index fell almost 5%. US telcos T-Mobile, AT&amp;T and Verizon fell sharply as SpaceX agreed to buy a block of nationwide spectrum, a step towards turning Starlink into a mobile carrier.
! BIGGEST SURPRISES &mdash; US 10-year and 30-year Treasury yields both hit their highest levels since 2002, with heavy government borrowing, fiscal worries, and growing AI-related debt. Fed minutes added pressure: all 19 officials backed September's hike, and most saw another needed by year-end. Fed Governor Christopher Waller said more hikes are likely but don't have to come back-to-back.
◎ WHAT TO WATCH &mdash; Analysts expect S&amp;P 500 earnings to grow almost 30% for the September quarter, according to FactSet. JPMorgan, Goldman Sachs, Wells Fargo and Citi report on Tuesday US time, followed by Bank of America and Morgan Stanley on Wednesday. On the economic calendar, the RBA releases its September minutes and NAB business confidence on Tuesday, China and the US release September inflation on Wednesday, Australia's September labour force data lands on Thursday, and eurozone September inflation closes out the week on Friday.
◈ BIGGER PICTURE &mdash; Investors are paying closer attention to how AI growth gets funded. SpaceX is reportedly looking to raise $40 billion in debt, and the Financial Times reported OpenAI's annualised revenue was closer to $50 billion than the $70 billion widely reported earlier. In Australia, AI infrastructure company Firmus withdrew its planned ASX listing after reportedly failing to attract enough demand amid valuation concerns. Add rising bond yields, a Fed leaning towards more hikes, and Brent crude around US$104 a barrel on Middle East tensions, and the cost of capital is back in focus.
Disclaimer:
Sharesies Market Movements is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand.
This video is general market commentary and educational in nature. It is not financial advice and does not take into account your personal objectives, financial situation or needs. Information is current at the time of recording and may be subject to change. We do not provide recommendations and nothing in this video should be taken as a recommendation to buy or sell any financial product.
Investing involves risk. You might lose the money you start with. Past performance is not indicative of future performance.
If you require personal financial advice, you should consider speaking with a qualified financial adviser. Our disclosure documents and terms and conditions, including a Target Market Determination and IDPS Guide for Sharesies Australian customers, are available on our relevant&nbsp;<a href="http://sharesies.com.au">Australian</a> or <a href="https://www.sharesies.nz/legal-documents">NZ</a> website.

Record highs, rising yields, and the cost of AI | Market Movements

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/542b9127-e461-498d-b721-b4e1016007ad/transcript

Around 40 million Americans travel long-haul each year, but fewer than 1% choose New Zealand. Air New Zealand CEO Nikhil Ravishankar wants to change that.

In this Shared Lunch Quick Bite, Nikhil explains why New Zealand remains a bucket-list destination for many Americans, and how Air NZ plans to turn that interest into bookings.

From its new SkyNest sleeping pods to AI-powered marketing, hear how the airline is tackling the distance barrier and trying to attract more international visitors.

This is a highlight from our full Shared Lunch conversation with Air New Zealand CEO Nikhil Ravishankar.

For more places to follow Shared Lunch—check out http://linktr.ee/sharedlunch

Shared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. Information is current at the time it’s provided. Any advice provided is general advice only and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions—including a Target Market Determination and IDPS Guide for Sharesies Australian customers—can be found on our relevant Australian or NZ website.

Investing involves risk. You might lose the money you start with. If you require financial advice, you should consider speaking with a qualified financial advisor. Past performance is not a guarantee of future performance.

Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own. Sharesies has a commercial relationship with Air New Zealand.

Around 40 million Americans travel long-haul each year, but fewer than 1% choose New Zealand. Air New Zealand CEO Nikhil Ravishankar wants to change that.
In this Shared Lunch Quick Bite, Nikhil explains why New Zealand remains a bucket-list destination for many Americans, and how Air NZ plans to turn that interest into bookings.
From its new SkyNest sleeping pods to AI-powered marketing, hear how the airline is tackling the distance barrier and trying to attract more international visitors.
This is a highlight from our full Shared Lunch conversation with Air New Zealand CEO Nikhil Ravishankar.
For more places to follow Shared Lunch&mdash;check out <a href="http://linktr.ee/sharedlunch">http://linktr.ee/sharedlunch</a>
Shared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. Information is current at the time it&rsquo;s provided. Any advice provided is general advice only and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions&mdash;including a Target Market Determination and IDPS Guide for Sharesies Australian customers&mdash;can be found on our relevant Australian or NZ website.
Investing involves risk. You might lose the money you start with. If you require financial advice, you should consider speaking with a qualified financial advisor. Past performance is not a guarantee of future performance.
Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own. Sharesies has a commercial relationship with Air New Zealand.

Bite: How Air NZ plans to win over American travellers

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/7c3a1c5d-6594-4940-ae75-b4e10030466a/transcript

A conversation with experts, CEOs, and you. We talk to company leaders and industry experts every week. Listen or watch over lunch or whenever for what’s happening in the economy, the markets, and the companies you invest in.

Investing involves risk. This channel is brought to you by Sharesies Limited (NZ) in New Zealand. Information provided is general advice only and current at the time and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the product disclosure documents available from the product issuer before making a financial decision. Our disclosure documents, can be found on our website.

If you require financial advice, you should seek advice from a qualified financial advisor. The views expressed by individuals are their own and Sharesies does not endorse any of the guests or the views they hold.

A conversation with experts, CEOs, and you. We talk to company leaders and industry experts every week. Listen or watch over lunch or whenever for what&rsquo;s happening in the economy, the markets, and the companies you invest in.
Investing involves risk. This channel is brought to you by Sharesies Limited (NZ) in New Zealand. Information provided is general advice only and current at the time and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the product disclosure documents available from the product issuer before making a financial decision. Our disclosure documents, can be found on our website.
If you require financial advice, you should seek advice from a qualified financial advisor. The views expressed by individuals are their own and Sharesies does not endorse any of the guests or the views they hold.

Shared Lunch

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