Otherwordly

Wednesday 5th August 2026

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The dictionary definition of ‘otherwordly’ is something not from this world, and therefore, not real. Which is probably not what the Palantir CEO meant when he used it to describe their stellar earnings result, which saw their shares skyrocket. Let’s hope peace talks for the Gulf are real, with Scott Bessent saying he expects a deal to reopen the Strait of Hormuz could happen as soon as today. And oil prices responded. NAB’s Taylor Nugent joins Phil to discuss this latest bout of optimism which has also seen bond yields fall and the Aussie dollar rise. They also look at yesterday’s strong Australian household spending data.

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