It's a defining feature of our economy: One in two Australians is involved in the Bank of Mum and Dad, and until now nobody had any hard numbers on the very big business of handing money to adult kids. Global investment bank UBS has finally got a measure on the 'elephant in the room' and it's time we talked to them.

Richard Schellbach, equities strategist at UBS joins wealth editor James Kirby in this episode.

In today's show, we cover:

• How the Bank of Mum and Dad really works 
• The Deepseek sell-off and what it means for tech stocks 
• Trump's tariffs: Should we worry?
• Aus stock sectors set to outperform in the US