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Shared Lunch

Sharesies

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.

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  • 24 episodes
  • Avg 12 min
  • English

Episodes 24

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  • Wednesday · 24 min

    Gentrack chases global power

    Gentrack is the NZX-listed software company running the systems behind power companies and airports worldwide, as the energy transition creates challenges in pricing, metering and managing power. CEO Gary Miles traces Gentrack’s five-year climb from around $100 million in revenue to about $230 million — and the share price wobble that followed the rollout of its new G2 technology stack. Gary explains where that dip came from, their drive to expand into 40 countries, and why he ended up in the headlines as the NZX's highest-paid CEO. Plus, why Gentrack bought a Wellington pricing startup that had just one customer. 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. See omnystudio.com/listener for privacy information.

    • Transcript
  • Monday · 5 min

    Reporting season splits winners from losers | Market movements

    SHARESIES · MARKET MOVEMENTS · 24 AUGUST 2026 Jacki Neumann, Head of Capital Markets at Sharesies Note: Filmed Monday 24 August ↑ WHAT’S UP — The materials sector outperformed the broader ASX, rising 5.6%: BHP's underlying profit jumped 30%, with copper overtaking iron ore as its biggest earnings contributor for the first time, while Evolution Mining rallied over 16%. Healthcare climbed more than 9% driven by CSL and Cochlear, and the NZX 50 bucked the global trend to add 0.9%. ↓ WHAT'S DOWN US stocks fell under the weight of bond yields, with the S&P 500 down 1.4% and the Nasdaq 2%. The ASX 200 slipped 0.6%, with local losses led by banks. NAB dropped 7.7% and the sector fell 5.5% after home loan applications slid 15%, while JB Hi-Fi lost over 10%. ! BIGGEST SURPRISES Bond yields were the big story. The 30-year US Treasury yield pushed above 5.3% for the first time since 2007 and the 10-year near 4.7% as national debt topped US$40 trillion for the first time. The Treasury's expanded buybacks to ease the pressure didn’t hold, with yields retracing most of their decline by week's end. ◎ WHAT TO WATCH New Fed Chair Kevin Warsh gives his first keynote on Thursday, while Nvidia's results land Wednesday and Australian reporting rolls on with Coles, Woolworths, Wesfarmers and Qantas. On the data front, RBA minutes are due Tuesday and Australian July CPI Wednesday, alongside key US inflation and GDP prints mid-week. ◈ BIGGER PICTURE Attention is turning to climbing long-dated US yields, with fiscal concerns and sticky inflation pressuring equities even as the Treasury tries to intervene. Down under, reporting season shows a divergence on the ASX: a cooling housing market weighing on banks, while the miners and biotech CSL rise. With rising unemployment but consumers gaining confidence on the RBA's hold, Australia sends mixed signals heading into a pivotal week. 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. See omnystudio.com/listener for privacy information.

    • Transcript
  • Monday · 6 min

    Luke Kemeys: The good and bad sides of debt (Bonus)

    Debt is everywhere, from mortgages to paying for lunch. But when is it useful, and when does it become a problem? In this bonus clip from Shared Lunch, Luke Kemeys of Keep the Change breaks down the good and bad sides of debt. He explains why borrowing can be a powerful tool for building wealth, how everyday debt can quietly eat into your cash flow, and why keeping some cash aside matters when life doesn’t go to plan. Plus, Luke looks at the relationship between debt and investing—and why understanding how your money is structured can sometimes matter more than chasing a better return. This clip is a bonus from our previous episode ‘Are we too afraid to be ambitious?’ 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. See omnystudio.com/listener for privacy information.

    • Transcript
  • August 19 · 32 min

    Are we afraid to be ambitious? With Luke Kemeys

    Why are we more comfortable talking about our voting preferences than our KiwiSaver balances? Luke Kemeys of Keep the Change tells us why money is New Zealand's last taboo — and the opportunity cost of that silence. So why do so many Kiwi avoid even sharing their finances with family? What’s the downside of our cultural love of holding cash? Is a culture of Tall Poppies holding back our economy? Luke shares his own history of credit card debt and the backlash to branding himself as a millionaire, and how normalising wealth conversations could make the whole country better off. 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. See omnystudio.com/listener for privacy information.

    • Transcript
  • August 17 · 5 min

    Strong AI earnings, falling share prices | Market movements

    SHARESIES · MARKET MOVEMENTS · 17 AUGUST 2026 Jacki Neumann, Head of Capital Markets at Sharesies Note: Filmed Monday 17 August ↑ WHAT’S UP — US markets saw slight gains, with the S&P 500 up 0.4% and the Nasdaq up 0.2%, while the NZX 50 added 0.2%. Super Micro jumped 19% on an earnings beat and upbeat guidance, and Commonwealth Bank posted a record annual cash profit of $10.98 billion, up 7%. ↓ WHAT'S DOWN — The ASX 200 fell 1.6%, dragged by financials: Westpac lost almost 6% after a 20% drop in mortgage applications, while Suncorp's and IAG's profits fell 44% and 25% respectively. In the US, solid numbers didn't prevent declines, with RocketLab down about 7%, Cisco 5% and AST SpaceMobile 4% despite reporting record or fast-growing revenue. ! BIGGEST SURPRISES — The RBA held at 4.35% but Governor Bullock struck a hawkish tone, refusing to rule out further hikes on inflation concerns. In contrast, US core CPI eased to a multi-year low of 2.5% and core PPI slowed to 4.2%, cutting the odds of a September Fed hike to 28%. ◎ WHAT TO WATCH — Australian earnings ramp up, with NAB's update rounding out the big four banks and results due from JB Hi-Fi, BHP, Fortescue, CSL and Cochlear among others. The FOMC's July minutes land Wednesday and Australia's July unemployment rate follows on Thursday. ◈ BIGGER PICTURE — Australian bank earnings showed resilience but growing exposure to a cooling housing market. In the US, AI and space infrastructure investments stalled despite strong revenue growth, with investors zeroing in on losses, margins, and execution risks. Meanwhile, a hawkish RBA is still weighing hikes just as softening US inflation nudges the Fed the other way. 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. See omnystudio.com/listener for privacy information.

    • Transcript
  • August 17 · 3 min

    Bonus bite: Can AI pick better investments?

    AI can scan thousands of stocks and decades of data in minutes—but should it be trusted to make the final call? In this bonus clip from Shared Lunch, Mike Taylor and Kent Williams of Pie Funds explain how they’re using AI to automate their day-to-day work. They unpack how the technology can speed up investment research, why they stop short of letting AI make trading decisions, and what the rise of the “T-shaped” portfolio manager could mean for the next generation of investors. This clip is a bonus from our previous episode 'Infrastructure: funding the next decade of growth?' 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. See omnystudio.com/listener for privacy information.

    • Transcript
  • August 12 · 23 min

    Infrastructure: funding the next decade of growth?

    Airports and ports, pipelines and power lines. Infrastructure is all around us — and demand for it could be entering one of its biggest booms in generations. In this episode, Mike Taylor and Kent Williams of Pie Funds unpack what’s driving that demand, from the rapid buildout of AI and data centres to growing pressure on power grids and the electrification of everyday life. How does Pie decide which infrastructure assets to invest in? Can power supply keep up with rising demand? Will the enormous sums being spent on AI deliver a return? And why is only a fraction of the world’s infrastructure available to everyday investors? 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. See omnystudio.com/listener for privacy information.

    • Transcript
  • August 10 · 5 min

    Palantir, AMD, and SpaceX power a record week | Market movements

    SHARESIES · MARKET MOVEMENTS · 11 AUGUST 2026 Jacki Neumann, Head of Capital Markets at Sharesies Note: Filmed Monday 10 August ↑ WHAT’S UP — The S&P 500 hit a new record close to finish the week up 3.6%, the Nasdaq up 5.2% in its best week since May, and the ASX 200 climbing 3.2% to its own new record. Strong corporate earnings helped power the rally: Palantir jumped 29.5% after 93% revenue growth, AMD posted record quarterly revenue of US$11.5 billion, and SpaceX surged around 23% on its first public results. ↓ WHAT’S DOWN — ResMed shares fell after a mixed underlying result. Oil was choppy, falling initially on hopes of a deal to reopen the Strait of Hormuz, only to climb later in the week as Iran moved to restrict US and Israeli vessels. ! BIGGEST SURPRISES — The US July jobs report shed 23,000 jobs against expectations to gain around 80,000, even as the unemployment rate fell to 4.1%. Markets read it as easing Fed pressure, cutting September rate-hike odds to 41% from 55%. ◎ WHAT TO WATCH — The RBA decides on Tuesday, with a hold at 4.35% expected, and US July CPI and PPI will test whether price pressures are easing after the oil run-up. Reporting season continues with RocketLab, Cisco and Super Micro in the US, and CBA, ANZ, Westpac, QBE, IAG and Suncorp locally. ◈ BIGGER PICTURE — Records across Wall Street and the ASX show a firmly risk-on market, powered by strong earnings and tentative signs of easing Middle East tensions. Appetite remains for the AI and growth trade, demonstrated by Palantir, AMD, and SpaceX. But unsettled oil prices and the impact of a soft US jobs print sit in the background as potential swing factors. 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. See omnystudio.com/listener for privacy information.

    • Transcript
  • August 10 · 2 min

    Bonus bite: The city outperforming the rest of New Zealand

    Christchurch has quietly become one of New Zealand's strongest economic success stories. Independent economist Tony Alexander shares how affordable housing, a booming tourism sector, and major infrastructure projects, are all driving momentum. Plus why Auckland still holds the key to New Zealand's overall economic performance, and how projects like the City Rail Link could help shape its future. 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. See omnystudio.com/listener for privacy information.

    • Transcript
  • August 5 · 26 min

    Is this the property plateau? Tony Alexander

    House prices have fallen four months in a row, and investors are on the sidelines. Is property still Aotearoa's favourite wealth-builder? Independent economist Tony Alexander gives us an overview of the latest data, where 49% of agents are seeing fewer investors, even as first home buyers finally get a break. Find out how the rising cost of debt changes the maths, why older landlords are selling early, and why Tony warns rates could go higher and stay there longer than most forecasters expect. Plus, Auckland's townhouse oversupply, a rise in building consents, and what the looming election could mean for landlords' tax bills. 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. See omnystudio.com/listener for privacy information.

    • Transcript
  • August 3 · 5 min

    Fed splits on rates, long yields hit 2007 high | Market movements

    SHARESIES · MARKET MOVEMENTS · 3 AUGUST 2026 Jacki Neumann, Head of Capital Markets at Sharesies Note: Filmed Monday 3 August ↑ WHAT’S UP — Equity markets snapped back, with the S&P 500 up around 1%, the Nasdaq up 1.6%, and the ASX 200 gaining 2.3% to break a falling streak. Rio Tinto shared strong results, while Microsoft and Amazon rose on Azure and AWS cloud growth. ↓ WHAT’S DOWN — The 30-year US Treasury yield jumped to its highest level since 2007 as investors demanded more compensation to hold amid lingering inflation doubts. Meta's earnings fell short on legal and AI infrastructure costs and Apple's record quarter was overshadowed by weak guidance. The NZX 50 bucked the trend, slipping 0.5%. ! BIGGEST SURPRISES — The Fed held rates steady despite three votes to hike, and again offered no forward guidance, leaving markets pricing a 65% chance of a September move. In Australia, June quarter CPI came in lower than expected at 3.8%, cutting the odds of an RBA hike by year-end to roughly 60%. ◎ WHAT TO WATCH — More earnings this week, with SpaceX reporting for the first time as a public company, and AMP, ResMed and REA Group due locally. Friday brings July’s US jobs report, a key read on the labour market as the Fed weighs its next move. ◈ BIGGER PICTURE — As long-dated yields hit a 9-year high, the bond market clearly doesn’t believe inflation is beaten. Investors are still responding cautiously to earnings, rewarding Microsoft and Amazon for proving that their AI spending drives revenue, while unenthused about results that don’t show a clear payoff. 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. See omnystudio.com/listener for privacy information.

    • Transcript
  • August 3 · 11 min

    Bonus: Is banking set for some big changes?

    What actually makes a bank a bank? New Zealand is overhauling the way our banking system is regulated, meaning that more organisations may soon be able to call themselves a "bank", while new deposit insurance gives you peace of mind. University of Auckland finance expert Chanelle Duley explains why more competition isn't always straightforward, what to look for when you choose where to put your money, and how regulation and technology could reshape banking over the next decade. This is a bonus clip recorded for our episode: Blurring the lines of banking 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. See omnystudio.com/listener for privacy information.

    • Transcript
  • July 29 · 26 min

    Blurring the lines of banking

    Who qualifies as a bank? The rules are about to change, and we’ve got questions for Lecturer in Economics Dr. Chanelle Duley and two challengers to the “big four” banks: SBS Bank Group’s Mark McLean and General Capital’s Brent King. So, will a new definition of “bank” enable these smaller players to rival the Australian-owned market leaders? What do new rules mean for your money’s safety? Find out what the new $100,000 deposit compensation scheme protects, why more competition could finally win you a better rate on your deposits, and whether a smaller, nimbler lender is riskier or actually safer. Plus, whether “disruptor” neobanking apps and rising cyber threats should change where you park your savings. 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. See omnystudio.com/listener for privacy information.

    • Transcript
  • July 28 · 4 min

    Tech tumbles, Aussie jobs surprise, oil jumps | Market movements

    SHARESIES · MARKET MOVEMENTS · 28 JULY 2026 Jacki Neumann, Head of Capital Markets at Sharesies Note: Filmed Tuesday 28 July ↑ WHAT’S UP — Renewed Middle East conflict drove Brent crude oil up nearly 14% for the week and back above US$100 a barrel, lifting ASX energy names like Santos and Woodside. The NZX 50 gained around 0.6% even while overseas markets fell. ↓ WHAT’S DOWN — Alphabet fell 7% despite solid results and Tesla around 14%, dragging the Nasdaq down 2.1% and the S&P 500 down 0.6%. The weakness rippled into the ASX tech sector, down 6.6%, and the ASX 200 falling 0.3% for a third straight week. ! BIGGEST SURPRISES — Australian jobs jumped by 76,000 in June, well above expectations, and unemployment was steady at 4.4%, keeping an August RBA rate rise on the table. A spike in US Treasury yields lifted the odds of a Fed hike this week from around one-in-ten to nearly one-in-three. ◎ WHAT TO WATCH — The Fed hands down its rate decision on Wednesday US time, with a hold expected. Microsoft and Meta report the same day, with Amazon and Apple following on Thursday. In Australia, Wednesday's Q2 CPI print is a key input into the RBA's next rate decision. ◈ BIGGER PICTURE — The theme of earnings season is that strong revenue is no longer enough and investors want proof that AI capex is translating into returns. Until that spending clearly converts to profit, it seems the market will stay sceptical, even if the underlying numbers beat expectations. See omnystudio.com/listener for privacy information.

    • Transcript
  • July 26 · 4 min

    Bite: The skills AI can’t replace

    It might feel like the world is changing faster than ever, but is it really? Futurist Mark McCrindle explains why today's AI revolution isn't the first period of massive disruption, what history can teach us about navigating change, and why distinctly human skills will matter more than ever. Plus, his advice for every generation—from Boomers to Gen Alpha—as we prepare for the decades ahead. This bite is from our episode: Aussie futurist on the 2050 economy 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. See omnystudio.com/listener for privacy information.

    • Transcript
  • July 22 · 27 min

    "Wealth doesn't come from wages”

    A higher salary or a share of equity: which would you choose? In this conversation, Sharesies Business's Susannah Batley and Andrew Morrow, fresh from PartsTrader's $650m acquisition, argue that ownership, not wages alone, are the pathway to real wealth. So, what does new research say about how Kiwi workers really want to get paid? How do employees actually make money from company shares, and how did that work for PartsTrader?? Find out about the trade-offs of becoming a shareholder, from concentration risk to tax rules, and the structures that are safest for employees. Plus, why AI could widen the gap between owners and wage earners. 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. See omnystudio.com/listener for privacy information.

    • Transcript
  • July 21 · 4 min

    Tech sells off as banks post record quarter | Market movements

    SHARESIES · MARKET MOVEMENTS · 22 JULY 2026 Jacki Neumann, Head of Capital Markets at Sharesies Note: Filmed Tuesday 21 July ↑ WHAT’S UP — As US–Iran tensions re-escalated, Brent crude oil spiked more than 13% for the week. US banks posted strong results on record ECM and trading revenue off the back of the SpaceX IPO and AI infrastructure fundraising. ↓ WHAT’S DOWN — A tech-led sell-off pulled the S&P 500 down 1.5% and the Nasdaq 2.9%. The Philadelphia Semiconductor Index tumbled almost 10%, closing more than 20% below its June peak. Materials and tech led an ASX pullback. ! BIGGEST SURPRISES — June US inflation came in cooler than expected, even as several Fed officials stayed hawkish. China's Q2 GDP grew just 4.3% — its weakest since late 2022 — with a knock-on risk for Australian iron ore names like BHP, Rio Tinto and Fortescue. ◎ WHAT TO WATCH — Earnings season steps up this week, with Alphabet and Tesla both reporting. On Thursday the ECB delivers its rate decision, with a hold expected, and Australia's June jobs data lands, with unemployment tipped to stay near 4.4%. ◈ BIGGER PICTURE — Debate over the cause of the semiconductor sell-off: capex sustainability, open-source competition, an AI earnings bubble? The next few weeks of tech earnings reporting should show whether this was a healthy reset or the start of something bigger. 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. See omnystudio.com/listener for privacy information.

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  • July 19 · 6 min

    The Sharesies Index: Inside the latest investor trends

    Analysing the investing behaviour of over one million customers, the quarterly Sharesies Index tracks where investors are putting their money—and what those decisions might tell us about confidence in the market. Jordan Cunningham, Sharesies Head of Data & Analytics, joins Laura Marwick to explain the latest trends, including: Why the investor mood returned to Confident territory Rocket Lab becoming the most widely held NZ company on Sharesies What buying, selling, and deposit data suggests about where investors are looking next Read the full Sharesies Index on the Sharesies website. 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. See omnystudio.com/listener for privacy information.

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  • July 15 · 30 min

    Aussie futurist on the 2050 economy

    What does Mark McCrindle know about 2050 that the rest of us don’t? The futurist and social researcher explains our changing world, and what’s next for our family units, working lives, social norms, and wealth. Mark outlines emerging trends around AI pessimism and screentime backlash, and the skills we’ll need in the decades to come. We explore how house prices have under-35s looking for assets beyond property, and why that carries real long-term risk. Hear how parents and grandparents are "giving with warm hands," passing on their wealth within their lifetimes, and how multigenerational households are losing their stigma. And how Gen X has become the "sandwich generation," absorbing costs from aging parents and adult children. Plus, why the next global challenge won't be overpopulation, but the opposite: a shrinking world. 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. See omnystudio.com/listener for privacy information.

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  • July 14 · 7 min

    ‘Earnings bubble’ meets geopolitical risk | Market Movements

    SHARESIES · MARKET MOVEMENTS · 15 JULY 2026 Laura Marwick & Jordan Cunningham, Sharesies Head of Data & Analytics Note: Filmed Tuesday 14 July ↑ WHAT’S UP — Meta surged 14.8% on plans to add 14 gigawatts of compute, driving the Nasdaq up 1.74% for its fourth gain in five weeks. SK Hynix's US debut raised US$26.5 billion, the largest-ever US listing by a foreign company. ↓ WHAT’S DOWN — The ASX 200 fell 0.4% to 8,806 as miners tumbled over 4%, while the Dow was down 0.5% and Russell 2000 0.6%. ! BIGGEST SURPRISES — The RBNZ lifted the OCR 25bps to 2.5% — its first hike in three years — and signalled that more tightening is likely. Renewed US-Iran strikes pushed WTI crude up 4.3% and the 10-year Treasury yield to 4.57%. ◎ WHAT TO WATCH — US CPI lands Tuesday (est. 3.9% y/y), alongside new Fed Chair Kevin Warsh's first congressional testimony and big US bank earnings. ◈ BIGGER PICTURE — Analysts have unusually lifted S&P 500 earnings estimates into Q2 reporting season, stirring "earnings bubble" talk, while the US-Iran ceasefire looks fragile after fresh strikes. NZ's rate hike and improving PMI point to a Q3 recovery. 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. See omnystudio.com/listener for privacy information.

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