Podcasts about Westpac

The ASX 200 kicked 80 points to 8789, or 0.9%, after a relatively benign CPI number came in at 4%. Most sectors of the market rallied, with the exception of the banking sector, which still is under a cloud due to economic headwinds from higher inflation and higher interest rates. The Big Bank Basket closed relatively unchanged. We did see insurers, though, kick slightly higher, with SUN up 4.8%, and other financials also doing okay. ASX up 1.9%, and SOL up 1.8%. We also saw the REIT sector put in a good day today, with GMG up 3.9%, GPT up 2.9%, and SGP up 4.8%, on the hopes that the last rate rise was the last rate rise.Industrials were firm across the board, with retail doing especially well. WES up 3.0%, and JBH up 4.7%. TLS also had a good day, up 1.3%, together with REA after the Irish acquisition yesterday, gaining 5.9%. WOW and COL also rising slightly. In the healthcare sector, CSL continued to push higher, up 1.1%, although the technology sector did take a bit of a break today, with WTC off 1.2% and XRO falling 1.9%. The All-Tech Index was up 0.8%, but it was all about interest-rate-sensitive stocks rallying hard.The resource sector, too, was modestly higher, with BHP up 0.3%, RIO up 1.6%, and the gold sector doing okay, although nothing stellar. NST continued to run higher on rumors of an increased offer from Goldfields, but we continue to see pressure on lithium stocks as the price in China languishes after a miserable September. PLS dropped 0.3%, and MIN dropped 0.2%. Meanwhile, in the oil and gas space, WDS rose slightly, as did STO, and we saw a little bit of selling in the uranium sector.In corporate news, LLC had a good day, jumping more than 11.3% on an update on the sale of its stake in Keaton Retirement Living. A blast from the past: CTT had a very good day today, up 30.6% on news from Italy on a potential VAT win.Economic news dominated today, with the CPI coming in at 4%, slightly below forecasts. Economists around the country were quick to pronounce on whether the RBA would be raising rates in November or whether the RBA would be on hold going forward. Lucy Ellis from Westpac said a November rate rise is now a base case.Asian markets pushed higher with Japan up 1.9%, HK flat and China up slightly10-year yields lower at 5.34% on CPI. US Futures lower. Nasdaq down 10 and Dow up 202.Marcus Today – Daily Market Insights Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise. If you'd like to go further: Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcast Join Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offer MT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcast Principles – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast — Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice. 

Inflation rose to 4 per cent in the year to August, slightly lower than many expected, and market odds of another rate rise in November have fallen to 20 per cent.Housing costs are up 5.7 per cent and transport is up 5.6 per cent over the year, while trimmed mean inflation, the measure the Reserve Bank watches most closely, is steady at 3.6 per cent.ANZ says a November hike is more likely than not and Westpac expects one unless energy costs fall, while the Commonwealth Bank expects a hold, so will the Reserve Bank raise rates again?

Banks are cutting credit card rewards points, increasing fees and trimming travel insurance perks ahead of a ban on card surcharges.The Commonwealth Bank has wound up its Qantas Frequent Flyer partnership in favour of a new in-house program called Yello.So will Australians put up with smaller rewards, or start shopping around?

Australia's jobless rate has climbed. Could a softer jobs market change the outlook for rates?Australia's unemployment rate has risen to 4.6 per cent, but what does that really tell us about the strength of the jobs market and the outlook for interest rates? SBS Finance Editor Ricardo Gonçalves speaks with Westpac senior economist Pat Bustamante about the latest labour force figures and what they could mean for inflation and the RBA. Plus, Tom Kennedy speaks with Adam Dawes from Shaw and Partners about the day's sharemarket moves and the rebound in oil prices.Listen to more episodes of News in Depth. Follow SBS News on the SBS Audio app, Apple Podcasts, Spotify or wherever you get your podcasts. For the latest news from Australia and around the world, visit SBS News and follow us on YouTube, TikTok, Instagram, Facebook and X.

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Australia's jobless rate has climbed. Could a softer jobs market change the outlook for rates?Australia's unemployment rate has risen to 4.6 per cent, but what does that really tell us about the strength of the jobs market and the outlook for interest rates? SBS Finance Editor Ricardo Gonçalves speaks with Westpac senior economist Pat Bustamante about the latest labour force figures and what they could mean for inflation and the RBA. Plus, Tom Kennedy speaks with Adam Dawes from Shaw and Partners about the day's sharemarket moves and the rebound in oil prices.Listen to more episodes of News in Depth. Follow SBS News on the SBS Audio app, Apple Podcasts, Spotify or wherever you get your podcasts. For the latest news from Australia and around the world, visit SBS News and follow us on YouTube, TikTok, Instagram, Facebook and X.

Westpac says farmers and growers are well placed to deal with the challenges of the El Niño weather system, expected to bring dry conditions for the eastern and northern parts of the country, and wetter than usual for the western and lower South Island. Victoria also discusses a small business's struggles with a cyber security breach, and the state of the coffee machine market in New Zealand.

Send us Fan MailWe sit down with Marine veteran, chef, entrepreneur, and author Joseph Randall and follow the road from WestPac and Desert Storm to a life shaped by trauma, responsibility, and hard-won healing. Along the way, we dig into why telling the truth out loud can lighten the load for veterans and the families who carry it with them. • One Man One Mic Foundation mission to teach veterans podcasting and storytelling • Growing up in St. Louis and joining the Marine Corps at 17 • Being assigned as a cook and learning what “WestPac” really means • Near-death storm at sea and the lesson that ends curiosity fast • Desert Storm preparation, reassignment to a new unit, anxiety in the unknown • Daily life in the sand: bunkers, moving forward, delivering meals as morale • Why cooks, admin, and docs keep the force alive • Coming home to “forget it” debriefing and the long shadow of unprocessed stress • Alcohol, a catastrophic crash, and choosing responsibility over excuses • How insomnia, sleep apnea, and VA battles push the memoir into motion • From chef to author: Forged In Heat and the start of a four-book series • Building a future around writing, public speaking, and veteran-focused spaces go to onemanonemicfoundation.org www.orioncopper.com  Like, Subscribe and Share. If you have comments or suggestions email us at: vetsconnectionpodcast@gmail.com. You can also find the video of this podcast on our YouTube Channel - Vetsconnection Podcast

The financial advice industry continues to experience significant change, from Federal Budget measures to regulatory developments from Government and regulators. This podcast focuses on recently released draft legislation relating to the future taxation of discretionary trusts from 1 July 2027. In addition, we will examine the recent Government response to consultation on consumer protection measures in the wake of the Shield and First Guardian failures. Disclaimer: Information current as at 16 September 2026. This TechKnow podcast has been prepared by BT Portfolio Services Limited ABN 73 095 055 208 AFSL 233715 (BTPS), the operator of Panorama Investments; and BT Funds Management Limited ABN 63 002 916 458 AFSL 233724 (BTFM) the trustee of Panorama Super, which is part of Asgard Independence Plan Division Two ABN 90 194 410 365. Westpac Financial Services Ltd ABN 20 000 241 127 AFSL 233716 (WFSL) is the responsible entity and issuer of interests in BT Managed Portfolios. Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714 (Westpac) is the issuer of the BT Cash Management Account and the BT Cash Management Account Saver. Together, these products are referred to as the Panorama products. BTPS, BTFM and WFSL are subsidiaries of Westpac. A Product Disclosure Statement or other disclosure document (PDS) and target market determination (TMD) for the Panorama products can be obtained by contacting BT on 1300 784 207 or by visiting bt.com.au. A person should obtain and consider the PDS and TMD before deciding whether to acquire, continue to hold or dispose of interests in the Panorama products. This TechKnow podcast has been prepared for use by advisers only. It must not be made available to any client and any information in it must not be communicated to any client. This TechKnow podcast provides an overview only and should not be considered a comprehensive statement on any matter or relied upon as such. This information does not take into account your clients' personal objectives, financial situation or needs and so you should consider its appropriateness, having regard to these factors before acting on it. BTPS cannot give tax advice. Any tax considerations outlined in this document are general statements, based on an interpretation of current tax laws, and do not constitute tax advice. As such, you should not place reliance on any such taxation considerations as a basis for making your decision with respect to the product. As the tax implications of investing in this product can impact individual situations differently, you should seek specific tax advice from a registered tax agent or registered tax (financial) adviser about any liabilities, obligations or claim entitlements that arise, or could arise, under a taxation law. If you need more information to complete your tax return, please consult your accountant or tax adviser to obtain professional tax advice. Please keep your BT Tax Statement and this Guide for income tax purposes. The information in this commentary regarding legislative changes is intended as a guide only. It is not exhaustive and does not constitute legal advice. It is based on our interpretation of the law currently in force on the date of this document. BTPS does not undertake to provide any updates to the extent that any of the laws or regulations referred to change in the future. Consequently, it should not be relied upon as a complete statement of the relevant laws, the application of which may vary, depending on your clients' particular circumstances.

An expectation of more OCR hikes - with bond yields rising internationally. 10-year New Zealand government bonds are now paying above five percent - the highest level since 2023. US 30-year Treasury bonds are at their highest point since 2007. The OCR rose to 2.75 percent two weeks ago. Westpac Chief Economist Kelly Eckhold told Heather du Plessis-Allan central banks have a lot of work to do next year, so he expects the OCR could be four percent at the end of next year. LISTEN ABOVESee omnystudio.com/listener for privacy information.

A new report says the rising risk of hot, dry conditions, especially in eastern regions and the upper North Island is a threat to pasture-based agriculture, particularly dairy, sheep and beef. Its senior economist Michael Gordon spoke to Ingrid Hipkiss.

Westpac's CEO says property downturn is almost dead. And he's actually not happy about that. He even reached out to Albo to try and fix things. Good luck with that! So in today's episode, I reveal:Exactly when Westpac's CEO expects property prices to start rising again - and why .Does he just want people to give him more business by taking out more loans (which is good for his stock price and bonus) OR does that data actually back up what he has to sayWhat did he ask Albo to help him out with exactly? Looking for a blueprint on how to build passive income through property? Then get a copy of my book free (both the digital and audio versions)

The latest arrests in the mortgage fraud probe have been confirmed, with police now having seized $95 million in assets. Join host Annie Kane, commercial content writer Ben Squires, and senior journalist Charlie Tchetchenian as they review the news of the week. This week, they discuss: Major arrests in a multimillion-dollar loan fraud probe targeting accountants and criminal syndicates. Rate hike predictions from Westpac and Macquarie as RBA inflation fears escalate. Suncorp and ANZ's next integration steps. And much more! Accountants arrested and charged as alleged loan fraud probe widens https://www.theadviser.com.au/broker/48926-accountants-arrested-and-charged-as-alleged-loan-fraud-probe-widens Spring auction start falters as buyer urgency fades https://www.theadviser.com.au/borrower/48907-spring-auction-start-falters-as-buyer-urgency-fades National dwelling values post first fall since 2022 https://www.theadviser.com.au/borrower/48916-national-dwelling-values-post-first-fall-since-2022 Section 2Westpac flips as majors line up behind rate rise call https://www.theadviser.com.au/borrower/48917-westpac-flips-as-majors-line-up-behind-rate-rise-call 'One big problem': RBA deputy governor warns rates may need to rise https://www.theadviser.com.au/borrower/48920-one-big-problem-rba-deputy-governor-warns-rates-may-need-to-rise Broker says property downturn creating opportunities for borrowers https://www.theadviser.com.au/borrower/48908-broker-says-property-downturn-creating-opportunities-for-borrows Section 3Suncorp informs brokers banking products will migrate to ANZ https://www.theadviser.com.au/lender/48906-suncorp-informs-brokers-banking-products-will-migrate-to-anz One Nation's early super access for mortgagors lashed https://www.theadviser.com.au/borrower/48914-one-nation-s-early-super-access-for-mortgagors-lashed AFG Brett mckeon to retire https://www.theadviser.com.au/aggregator/48924-afg-co-founder-to-step-down

Send Us A Message! Let us know what you think.New Zealand's major banks have officially lifted variable mortgage rates following the Reserve Bank's latest 25 basis point OCR hike. What does this mean for your home loan, and how are fixed rates holding up? In this episode of the Week in Review, Debbie Roberts (Owner & Financial Adviser at Property Apprentice) breaks down the biggest property and finance headlines across Aotearoa. From National's proposed $300,000 income threshold for 5% deposit First Home Loans to Barfoot & Thompson's latest August sales figures signal an Auckland market tipping point, we deliver the practical insights you need to navigate today's property market. In This Episode:Floating Mortgage Rates Shift: All five major banks (ANZ, BNZ, ASB, Westpac, Kiwibank) have raised variable rates by 25bps. Discover why 92% of Kiwi borrowers remain insulated on fixed terms and what ASB's customer repayment data tells us about household resilience. Lessons From Australia's Property Market: Australian home values fell for a fifth consecutive month, led by Sydney (-7.1% from peak). We analyze why persistent construction bottlenecks mean structural supply shortages remain unresolved across the ditch. National's 5% Deposit Scheme Expansion: National proposes raising the First Home Loan income cap to $300,000, potentially opening low-deposit options to over 90% of households. We weigh the benefits against the 1.2% government mortgage insurance fee. Auckland Market Tipping Point: Barfoot & Thompson sales dropped to their lowest August volume since 2022 while median prices edged up to $955,000. What this stabilization means for active buyers and sellers. KiwiSaver Loophole Closed for Rural Workers: A new amendment bill will finally allow farm staff, rural teachers, and police officers in employer-provided housing to access their KiwiSaver for a first home or farm purchase. Free Financial Education & Events Want to build a resilient, cash-flowing property portfolio using proven, independent strategies? Join Debbie Roberts at our next live, free online event: How to Succeed with Property Investing. 

There are more than 70,000 kids' investment accounts sitting on one Australian platform, and it's the fastest growing part of the business. Craig Keary is the new CEO of Raiz, and before that he spent thirty years across HSBC, CBA, Westpac and AMP Capital, plus a stint running Selfwealth. Craig shares what he's seeing across 350,000 active accounts, including what people actually did with their money through the tariff volatility and the Middle East tensions, and whether the budget changed anyone's behaviour at all. We also get into why younger Australians have almost no home country bias, and the habit Craig reckons costs investors more than fees ever will.   WHAT YOU'LL GET OUT OF IT What 350,000 accounts show about how people behave when markets get ugly Why kids' accounts are growing faster than anything else, and what parents are getting right Whether the budget's property tax changes have shifted anyone's investment strategy The generational split between global investors and franking credit hunters Why dollar cost averaging beats trying to pick your moment What investing looked like thirty years ago at 2.5% commissions Whether today's tech giants are just the railways of a century ago The ego problem that quietly wrecks good portfolios   CHAPTERS 00:16  Intro 00:56  What's changed in markets and the world 02:27  Time in the market beats timing it 03:09  What 350,000 accounts actually show 03:44  Why kids' accounts are the fastest growing thing 05:40  Has the budget changed anyone's behaviour 08:12  Gen Z go global, boomers want franking credits 09:30  Why visible progress keeps people invested 10:30  The headlines versus your actual balance 11:48  AI, tech and whether this time is structural 14:19  US stocks coming to the platform 15:19  What investors should get right from here 17:30  Don't chase the trend 19:00  Emergency funds and why they protect the strategy 19:40  Dollar cost averaging and round-ups 21:00  How Craig built his money knowledge over 30 years 22:30  Don't let your ego wreck your investing 23:11  Travel, Waymo and an expensive lesson 23:51  What diversification actually means CRAIG KEARY, RAIZ INVEST Craig on LinkedIn: https://www.linkedin.com/in/craigkeary/   Smarter money moves start here. Learn how to cut through the noise, avoid expensive mistakes, and get ahead faster. FREE 7-DAY MONEY CHALLENGES Pick one and see what changes in a week: https://pivotwealth.com.au/challenges/ WORK WITH US Book a no-strings call: https://www.pivotwealth.com.au/booking More about Pivot Wealth: https://www.pivotwealth.com.au BEN'S BOOKS Virgin Millionaire: https://amzn.to/3VFPPDM Replace Your Salary by Investing: https://amzn.to/3J9Ta8g Get Unstuck: https://amzn.to/3xo0MQG All books: https://www.pivotwealth.com.au/books FOLLOW Instagram: https://www.instagram.com/pivotben TikTok: https://www.tiktok.com/@bentalksmoney YouTube: https://www.youtube.com/c/BenNashPivot Facebook: https://www.facebook.com/pivotwealth/ DISCLAIMER This podcast is for education only and doesn't take into account your personal circumstances. It's not financial advice. If you buy a financial product, read the PDS and TMD, and seek advice tailored to your situation. Ben Nash and Pivot Wealth are authorised representatives of Fish Tacos Pty Ltd, ABN 14 649 248 082, AFSL 533055.

In this episode of SBS On the Money, Ricardo Gonçalves speaks with Matt Hassan, Senior Economist at Westpac, about how Australia's residential property wealth has fallen for the first time in four years, and what it means for homeowners, spending and interest rates. The Australian sharemarket also hits a six-week low, with Stuart Roberts from Stocks Down Under unpacking the market moves, while a weaker French wine harvest could soon mean higher prices for champagne as wine economist Kym Anderson tells Tom Kennedy.

Australia's residential property wealth has fallen for the first time in four years, helping push consumer confidence deeper into pessimistic territory. In this episode of SBS On the Money, Ricardo Gonçalves speaks with Matt Hassan, Senior Economist at Westpac, about what the housing downturn means for homeowners, spending and interest rates. The Australian sharemarket also hits a six-week low, with Stuart Roberts from Stocks Down Under unpacking the market moves, while a weaker French wine harvest could soon mean higher prices for champagne as wine economist Kym Anderson tells Tom Kennedy.

James Ridley is back on #AtlasExpatMortgages with Jeremy Harper for episode 32, 'September Market Update'. They unpack HSBC's $36 billion exit from Australian retail banking and what it means for the thousands of expats who bank and borrow with them. They break down what's changing, why now might be the right time to review your loan, and what to expect once Pepper Money takes over servicing next year. The conversation moves into the numbers shaping the spring selling season, surprising GDP growth, sticky inflation, and where NAB, Westpac, ANZ and CBA sit on the next RBA rate call. James and Jeremy also dig into the property market's regional divide, from Perth's runaway growth to Sydney and Melbourne's pullback, plus a live listener question on whether now's the time to buy an established home in Sydney from overseas. It's a fast-moving, practical update for any Australian expat trying to make sense of lending, rates, and property heading into the final months of the year. Relevant Links: • Order your copy of the The Expat's Handbook - atlaswealth.com/resources/the-exp…working-overseas/ • Upcoming events & webinars: atlaswealth.com/events/ • Facebook Group – Join the Australian Expat Financial Forum: facebook.com/groups/AustralianExpatFinancialForum • Expat Chat Podcast – atlaswealth.com/news-media/austra…pat-chat-podcast/ • Weekly Recap Podcast – atlaswealth.com/news-media/atlas-…kly-recap-podcast If you enjoy the content, let us know by giving the episode a thumbs up and subscribing. Feel free to share your feedback or questions in the comments below. About Atlas Wealth Group: Atlas Wealth Group was established to meet the growing demand from Australian expats for professional financial guidance. We specialise in providing tax, financial planning, wealth management, and mortgage services to Australian expats around the world. Whether you're based in Asia, the Middle East, Europe, or the Americas, our team has the expertise to help you manage your global financial journey. To learn more, visit www.atlaswealth.com Connect with us: Facebook: www.facebook.com/atlaswealthmgmt LinkedIn: www.linkedin.com/company/atlas-wealth-management X: www.x.com/atlaswealthmgmt Instagram: www.instagram.com/atlaswealthgroup Youtube: www.youtube.com/atlaswealthmgmt

Send us a question/idea/opinion direct via text message!The August Cotality Home Value Index is out, showing a -0.4% monthly decline across Aotearoa New Zealand—marking the fifth consecutive month of value contraction. However, looking at property purely through the lens of the "fall from the peak" might be completely skewing our view of the market.This week on the New Zealand Property Market Podcast, Head of Research Nick Goodall and Chief Economist Kelvin Davidson unpack the August data. They explore why looking at the 10-year compound annual growth rate (+3.4% per year) offers a much more realistic picture of the "new normal" for capital gains, while stripping out the artificial post-COVID boom and bust.The guys also break down why Auckland apartments plunged -7.8% over the past year compared to just -2.2% for standalone houses, why dwelling consents keep defying gravity (hitting a 3-year high of 41,000 annually), and review the major trading banks' reactions to last week's 2.75% OCR decision. Plus, Father's Day debriefs, scorched almonds, and the All Blacks' test in Johannesburg.This week we discuss:August HVI Breakdown: Why values fell -0.4% in August (down -1.0% YoY), led by weakness in Te Whanganui-a-Tara / Wellington (-0.6%) and Tāmaki Makaurau / Auckland (-0.5%).The 10-Year Growth Benchmark: Why the 10-year average annual growth rate of 3.4% represents the true baseline for long-term property performance.Property Type Divide: The stark split in Tāmaki Makaurau, where apartments dropped -7.8% over the past year while standalone houses fell only -2.2%.Construction Defies Gravity: Why July dwelling consents rose 10% YoY (41,000 annual running total) despite rising supply and cost pressures.The Bank Consensus on OCR: How ANZ, ASB, Westpac, BNZ, and Kiwibank interpreted the RBNZ's measured 25bps hike to 2.75%.Weekend Sports Wrap: All Blacks fall short in the Ellis Park cauldron, Father's Day rowing sessions, and Northland's upcoming Shield defence against Waikato.Sign up for news and insights or contact on LinkedIn, X @NickGoodall_CL or @KDavidson_CL and email ngoodall@cotality.com or kdavidson@cotality.comThis podcast is for educational and entertainment purposes only and does not constitute financial, legal, or tax advice. The hosts are not licensed Financial Advice Providers in New Zealand. All information is of a general nature and does not take into account your personal situation or goals. Please consult a qualified professional before making any financial decisions.

Australia's economy grew 0.4 per cent in the June quarter, but Westpac senior economist Ryan Wells explains why weak productivity and inflationary labour costs could still bring another interest rate rise. Plus, Perpetual Head of Investment Strategy Matt Sherwood breaks down the Australian sharemarket's 1 per cent fall as rising oil prices reignited global inflation concerns.

To the Reserve Bank, the cash rate and the state of NZ Inc. It's assumed by most that the cash rate will be increased 25 points to 2.75%. It's also assumed there will be another one by the end of the year. What happens after that has a “who knows” feel about it. What I feel, to a degree, is a groundhog-ish sort of vibe. We have been here before. We were here before the war. The momentum was building, the recovery was on and we started to feel good about the place. Then Trump blew it up. It turns out, if Westpac are right, the period of the war (April, May and June i.e Q2) wasn't as bad as we thought it might be. They argue we will see negative growth of -0.1%, so in other words, it's flat and a return to real growth in this current quarter. This is all good! What the Reserve Bank worry about is inflation. Perhaps they shouldn't be as much as they might be? No it is not in the band, but it's tracking that way. Business and their desire to bump prices has hit a wall. We simply won't pay and we'd rather not buy than pay more. The exceptions are rates, power, insurance and imported stuff like oil and also, previously, food. The Reserve Bank can look through oil a bit. Insurance is starting to be under control. Even power for some is starting to fall in price as generation costs fall. Food at 1.9% is sorted. Rates of course are an ongoing scandal but, and this is where Kiwibank are right, there is enough there if you were of a mind to just take a beat and let this play out a bit further. In other words, given we are back where we were about a year ago i.e on the move and feeling better, why would you take a hammer, or at least a negative view of it all, and squeeze when you don't really need to? Why risk choking off what little we currently have? To my mind it is a persuasive argument. It's perhaps a weakness in the Reserve Bank riding instructions, the singular focus on inflation. But we are currently coalescing under the broad idea of "here we go again", "it's coming right" and "at last, better days ahead". Please, just for Wednesday, don't wreck it. Is that too much to ask? LISTEN ABOVE See omnystudio.com/listener for privacy information.

The latest Westpac Economic Overview predicts a fall in the unemployment rate, with economic growth forecast to rise to 3 percent in 2027. Westpac chief economist Kelly Eckhold spoke to Ingrid Hipkiss.

Associate editor Primrose Riordan and courts correspondent Max Mason on why Jon Adgemis is struggling to keep the details of his $1.8 billion financial collapse secret and what his story tells us about the private credit market. This podcast is sponsored by Westpac. Further reading:Jon Adgemis thought he was winning. Then his CFO took the standThe failed pub baron has been trying to keep the details of his $1.8 billion financial collapse secret. But a chatty former accountant is making that difficult.Adgemis’ right-hand man alleges tax con funded ‘exorbitant lifestyle’The business affairs of the former KPMG deal maker-turned-bankrupt are being scrutinised, with allegations of “sham arrangements” to pay for his spending.From playboy pub baron to bankruptcy: Inside Jon Adgemis’ $1.8b fallFrom KPMG consultant to “glamour banker” with the “Midas touch” to junk-debt-laden bankrupt. It’s been a wild ride for Jon Adgemis and Public Hospitality Group.See omnystudio.com/listener for privacy information.

The economy's on the mend but households are still feeling a squeeze. Westpac's August overview points to an uplift in activity after a subdued June quarter. It forecasts 2% growth over the year, jumping to 3% in 2027. Chief economist Kelly Eckhold told Mike Hosking that the growth the country's achieved in the last few quarters is coming from good sources such as exports and tourism. But he says there is a concern it will put pressure on margins and prices and push inflation up as we go through recovery next year. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Some think the India Free Trade Agreement will produce more benefits than even the Government expects. The agreement is moving through Parliament, before it's ratified. The International Business Forum and Westpac have released new research on how the deal will contribute to value. Forum Executive Director Felicity Roxburgh says it shows Government forecasts of 0.1% GDP growth in the next decade undersell the benefits. She told Mike Hosking they can't put a good number on it, but India is on track to be the world's third largest economy by the end of the decade. Roxburgh says their middle class will exceed the entire population of the EU or ASEAN, so it's a big opportunity for New Zealand. LISTEN ABOVE See omnystudio.com/listener for privacy information.

Political editor Phillip Coorey on the government’s bet on gambling reform, the problem with "brand Albo" and why there’s nothing funny about the melon incident. This podcast is sponsored by Westpac. Further reading:PM bets on stability pitch as popularity faltersAnthony Albanese celebrated a significant milestone on Friday, but voters have learnt stability and steadiness don’t preclude poor taste. Migration or superannuation, the spectre of Hanson hangs heavyPauline Hanson keeps setting the agenda, whether she means to or not. The government and Coalition are scrambling to follow. ‘Policy capture’: The week that exposed Labor’s gambling tiesAn explosive week of public hearings exposed the harms of the gambling industry. So why isn’t the government following its own advice on advertising bans?See omnystudio.com/listener for privacy information.

Global fuel prices have been rising again as conflict continues in the Strait of Hormuz. The US has now exported much of its diesel supplies – pushing up prices across the US and Europe. Crude oil prices haven't risen as much due to China's decision to stop exporting refined fuel, but Brent crude prices are rising again after the US and Iran ruled out extending their memorandum of understanding. Westpac Chief Economist Kelly Eckhold told Mike Hosking ultimately, there isn't enough fuel coming out of the Middle East. He says the prices of most fuels are increasing, including jet fuel, and petrol to a lesser extent. LISTEN ABOVE See omnystudio.com/listener for privacy information.

SHARESIES · MARKET MOVEMENTS · 17 AUGUST 2026Jacki 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.

Westpac says changes it is making to its credit card rewards system reflect changing customer preferences. It has removed the option of using credit card points to purchase merchandise and has instead started offering cashback offers to customers. That is alongside its existing hotpoints pay system, which allows customers to use points to clear past transactions or pay for future purchases.

With inflation target timelines pushed out to 2028, hopes for interest rate reductions any time soon are dwindling – but some lenders are already dropping rates out of cycle. Join host Annie Kane and senior journalist Charlie Tchetchenian as they examine the biggest stories shaping the finance broking space this week. This week, they discuss: Why the RBA held the cash rate in August and why rate cuts may not be coming any time soon. What the latest predictions on house price corrections mean for broker clients. CBA's turnaround in broker flows. And much more! Featured stories: RBA cash rate decision https://www.theadviser.com.au/borrower/48792-rba-reveals-latest-cash-rate-decision-2 Michele Bullock on potential higher rates https://www.theadviser.com.au/borrower/48795-bullock-flags-quite-possible-path-to-higher-rates Equifax softening mortgage demand https://www.theadviser.com.au/borrower/48785-mortgage-slump-spreads-across-every-state-and-age-group What the banks have been seeing in flows: Westpac: https://www.theadviser.com.au/lender/48783-mortgage-applications-fall-at-westpac-as-proprietary-share-dips CBA: https://www.theadviser.com.au/lender/48797-cba-broker-flows-rise-as-mortgage-applications-fall ANZ: https://www.theadviser.com.au/lender/48805-anz-applications-slide-as-suncorp-mortgage-book-contracts Interesting data from Agile/Cotality on broker communications https://www.theadviser.com.au/broker/48777-many-brokers-still-quiet-between-client-conversations Congratulations to ABA finalists https://www.theadviser.com.au/broker/48801-finalists-revealed-for-australian-broking-awards-2026

A $650 million dollar funding gap is putting pressure on New Zealand's aged residential care sector, according to a new report from Westpac. Tracey Martin, CEO of Aged Care Association, spoke to John Campbell about the impact the funding shortfall has on the frontline of residential aged care.

The cost of caring for our oldest, and some of our most vulnerable, is going up so much faster than the funding its receiving that the gap is now somewhere in the region of $650 million. A $650 million dollar funding gap is putting pressure on New Zealand's aged residential care sector, according to a new report from Westpac. The bank says the gap has widened significantly from about $170 million in 2014, as funding fails to keep pace with a rapidly ageing population, rising costs of care and ongoing workforce shortages. It finds ensuring the financial sustainability of the sector is now a key challenge, suggesting reforms to the current funding model. Westpac NZ industry economist Paul Clark spoke with John Campbell

A new report finds the funding of aged residential care is not keeping up with the cost of providing it. The Westpac NZ report investigates what challenges and opportunities service providers could face in the future. It finds, with an aging population, people will require more complex and costly care. Westpac economist Paul Clark told Mike Hosking the biggest cost is labour, which made up around 70% of operating costs. He says that highly specialised labour is needed, and as more older people move into aged care facilities, they need higher and higher quality care, which requires better and better labour. LISTEN ABOVE See omnystudio.com/listener for privacy information.

The uncertain economic environment could be the reason for climbing unemployment and declining job ads. The latest Seek data shows job ads fell 0.8 percent last month, the third consecutive month of decline. It suggests conditions remain strongest in the South Island, while centres like Auckland, Wellington, and Waikato face greater headwinds. Westpac Chief Economist Kelly Eckhold says the labour market has not emerged unscathed from the Iran war. "Perhaps at the start of the year, they were looking forward to a much better year, but business confidence really got buffeted around the last three or four months." LISTEN ABOVESee omnystudio.com/listener for privacy information.

HEADLINES: RBA has held interest rates today. Experts are warning WA Police's new facial recognition trial could be less accurate for women and people of colour. Recruitment of air traffic controllers is tracking well despite union warnings of widespread shortages, the head of Australia's aviation services says. Take-home assessments could be banned in one state, in a radical overhaul of AI in the classroom. A young Aussie lawyer who took to TikTok to complain about the “constant deadlines” and “extra reading” in her first job has been sacked. US President Donald Trump has signed an executive order calling for fewer childhood vaccinations GET IN TOUCHGot a story, news tip-off, feedback or dilemma?Send us a voice note or email us at thequicky@mamamia.com.au SUBSCRIBER GIVEAWAY: The Out Loud hosts have handpicked their all-time favourite reads and one subscriber is winning the entire 12-book stack. Subscribe to Mamamia here to be automatically entered. Already a subscriber? Don't sweat it, you're already in. T&Cs apply. CREDITSHost: Charlotte Mortlock Audio Producer: Scott Stronach Group Executive Producer: Georgie Page Check out The Quicky Instagram here and our TikTok here Discover more Mamamia podcasts here Did you know some of our shows are now in video on the Apple Podcast app? Make sure your phone is up to date and check it out here! Mamamia acknowledges the traditional owners of the land on which we have recorded this podcast.Become a Mamamia subscriber: https://www.mamamia.com.au/subscribeSee omnystudio.com/listener for privacy information.

HEADLINES: Tonight is Census Night, we detail why you need to do it and what new questions you can expect. Victorian teachers could be in line for a two thousand dollar bonus, as the state government tries to avoid a statewide strike planned for next Wednesday. Mortgage applications have dropped 20 per cent since May's federal budget, and it could be good news for first home buyers. The latest Newspoll shows Labor's primary vote has dropped to its lowest level since Julia Gillard was prime minister. This year's biggest movie has just crossed one billion US dollars at the global box office. And Arizona State University is launching what's believed to be one of the first university degrees in influencing. Sign the petition on 'Australian Parents Demand Less Screen Time in Classrooms' hereGET IN TOUCHGot a story, news tip-off, feedback or dilemma?Send us a voice note or email us at thequicky@mamamia.com.au SUBSCRIBER GIVEAWAY: The Out Loud hosts have handpicked their all-time favourite reads and one subscriber is winning the entire 12-book stack. Subscribe to Mamamia here to be automatically entered. Already a subscriber? Don't sweat it, you're already in. T&Cs apply. CREDITSHost: Charlotte Mortlock Audio Producer: Scott Stronach & Tegan Sadler Group Executive Producer: Georgie Page Check out The Quicky Instagram here and our TikTok here Discover more Mamamia podcasts here Did you know some of our shows are now in video on the Apple Podcast app? Make sure your phone is up to date and check it out here! Mamamia acknowledges the traditional owners of the land on which we have recorded this podcast.Become a Mamamia subscriber: https://www.mamamia.com.au/subscribeSee omnystudio.com/listener for privacy information.

A jolt for banking investors, as Westpac flagged a 20-percent drop in Q3 mortgage applications, blaming the combined effects of three interest rate rises this year, and Federal Budget tax changes. Westpac shares slid nearly 6 per cent. David Scutt of StoneX Group tells Rena Sarumpaet, that should CBA offer similar disappointment in Wednesday's annual result, the best days of the month long banking rally may be past.

SHARESIES · MARKET MOVEMENTS · 11 AUGUST 2026Jacki 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.

Business and finance news from the Asia-Pacific. Oil extended its recent gains as Iran rejected talks with the US and a deal to reopen the vital Strait of Hormuz remained elusive. Treasuries declined. Meanwhile, a gauge of Asian stocks rose 0.4%, with gains for South Korean and Japanese chipmakers. The Kospi Index climbed as much as 2% before trimming its advance, with SK Hynix Inc. and Samsung Electronics Co. among the winners. The move followed Friday's Wall Street rally after soft US jobs data lifted equities, sending the S&P 500 Index to a record high. Bloomberg's Haidi Stroud-Watts spoke to Jasmine Duan, Senior Investment Strategist at RBC Wealth Management Asia. And prices paid by US consumers probably inched up marginally last month after falling for the first time in six years, a welcome tempering in recent war-driven inflationary pressures. The closely watched consumer price index is seen rising 0.1% in July following a 0.4% decline in the prior month, based on the median projection in a Bloomberg survey of economists ahead of Wednesday's Bureau of Labor Statistics release. In the wake of Friday's weak July jobs report, the moderation in price growth may help alleviate some of the inflation anxiety at the Federal Reserve after three officials dissented on July 29 in favor of raising interest rates. Bloomberg's Haidi Stroud-Watts spoke to Illiana Jain, International Economist at Westpac.See omnystudio.com/listener for privacy information.

Cotality research director joined Ross Stevenson and Russel Howcroft to discuss a sharp slowdown in demand from property investors forecast by Westpac.See omnystudio.com/listener for privacy information.

The Australian share market edged lower on Monday despite strong US earnings and easing rate hike expectations. The financials sector declined sharply following Westpac's quarterly update. The Reserve Bank's interest rate decision and press conference loom tomorrow, with markets closely watching for signals on future policy. Key earnings updates from ANZ and CBA are expected this week. Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean. Check out our Market News page Follow us on:InstagramLinkedInYouTubeTikTok The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

History was made this week as HSBC sold its Australian loan book to Blackstone in what is believed to be the largest home loan portfolio transaction globally. From banks selling their loan books to tax reform clarity, join host Annie Kane, commercial content writer Ben Squires, and senior journalist Charlie Tchetchenian as they review the biggest news in mortgage and finance broking this week. This week, they discuss: HSBC's departure from the Australian residential mortgage market. Macquarie and RAMS both complete loan book sales. The first non-bank joins the 5 per cent Deposit scheme. And much more! Featured stories: HSBC to sell Australian home loan book to Blackstone https://www.theadviser.com.au/lender/48741-hsbc-to-sell-australian-home-loan-book-to-blackstone Household Capital completes Macquarie reverse mortgage acquisition https://www.theadviser.com.au/lender/48761-household-capital-seals-macquarie-reverse-mortgage-deal Westpac completes RAMS mortgage book sale https://www.theadviser.com.au/lender/48752-westpac-completes-rams-mortgage-book-sale First non-bank joins 5% Deposit Scheme https://www.theadviser.com.au/lender/48749-first-non-bank-joins-5-deposit-scheme Mortgage demand dives as hardship climbs https://www.theadviser.com.au/borrower/48753-mortgage-demand-dives-as-hardship-climbs  Complaints hit record highs as banking dominates case load https://www.theadviser.com.au/compliance/48760-complaints-hit-record-highs-as-finance-dominates-caseload Treasury revises tax overhaul after releasing new carve-outs https://www.theadviser.com.au/broker/48765-treasury-revises-tax-overhaul-after-releasing-new-carve-outs

An economist believes the number of unemployed Kiwis might be close to peaking. The rate reached an 11-year high in the June quarter, on 5.6 percent - up from 5.4. Many say uncertainty fuelled by the Iran war is discouraging employers from taking on staff. Westpac Senior Economist Michael Gordon says the labour market could be nearing its weakest point. "We were starting to see some momentum picking up in the economy late last year to early this year. Unfortunately, we've had this interruption from the Middle East conflict. Had that not happened, we might be seeing a bit more momentum." LISTEN ABOVESee omnystudio.com/listener for privacy information.

Labour leader Chris Hipkins discusses Winston Peters' comments; Local board member raises concerns over fast track process; Westpac chief economist on fuel prices and unemployment; Dr Bev Lawton discusses cervical cancer screening review; Quake experts discusses NZ's alert system and preparedness

The government is keeping fuel relief measures in place, predicting more volatility as the conflict drags on. Finance Minister Nicola Willis also indicated the unemployment numbers to be released tomorrow, will likely show an increase in joblessness. Westpac chief economist Kelly Eckhold spoke to John Campbell.

An economist says New Zealand is no longer in a cost of living crisis. New Stats NZ data shows the cost of living for the average New Zealand household increased 3.2% in the year to June 2026 quarter. It's the largest jump in more than four years, with higher petrol prices accounting for almost one-third of the annual increase Westpac Chief Economist Kelly Eckhold told Mike Hosking it isn't a crisis, but concedes it's not a comfortable situation for many. He says cost increases are outstripping wage increases, but it isn't as bad as the post-Covid era. LISTEN ABOVE See omnystudio.com/listener for privacy information.

The Australian government is exploring the use of superannuation funds for local investment, sparking significant debate about the future of retirement savings. Prime Minister Anthony Albanese has suggested that instead of investing heavily overseas, these funds could be directed towards Australian infrastructure and projects, which could potentially benefit the economy. This shift raises concerns about the government's role in managing private retirement funds and the implications for individual investors.Chapters:0:00 Intro 3:08 Australian Superannuation Overview 10:28 Investment in Local Projects 19:40 National Recovery Fund Explained 25:48 Concerns from Financial Experts 32:29 Government's Role in Superannuation 41:00 Future of Superannuation Funds 48:00 Wrap UpWhat you'll learn:- Prime Minister Anthony Albanese proposes using superannuation funds for domestic investment in infrastructure and clean energy.- Westpac's CEO Anthony Miller warns against government interference in superannuation fund management, stating that funds should operate independently.- The chairman of Australian Super, Don Russell, emphasises that super funds are not tools of foreign policy and should focus on returns for members.- While the government cannot dictate super fund investments, it can create policies to encourage investment in Australian projects.- Concerns exist about ensuring returns on investments made with superannuation funds to avoid mismanagement and losses for members.- The government is facing a looming retirement funding gap as more Australians retire and rely on pensions, prompting the need for strategic investment solutions.Links & References:'Don't direct it': Westpac chief executive demands Anthony Albanese, Labor avoid dictating superannuation investment:- https://link.learncardano.io/CXUXSMWestpac chief tells Labor to stay out of super:- https://link.learncardano.io/uoPTl1Super system should evolve without re-engineering by government:- https://link.learncardano.io/uc18quAustralia's PM Albanese and Trump sign rare earths deal as US confirms Aukus defence agreement:- https://link.learncardano.io/d6NyyLFact Sheet: President Donald J. Trump Closes Billion-Dollar Deals with Australia:- https://link.learncardano.io/G5j9kfTax Invest Accounting:- https://link.learncardano.io/THSJ6sWebsite: https://link.learncardano.io/bQ68RcX/Twitter: https://link.learncardano.io/3a1QtvDisclaimer: This content is for educational purposes only. Nothing constitutes financial advice.DISCLAIMER: This content is for informational and educational purposes only and is not financial, investment, or legal advice. I am not affiliated with, nor compensated by, the project discussed—no tokens, payments, or incentives received. I do not hold a stake in the project, including private or future allocations. All views are my own, based on public information. Always do your own research and consult a licensed advisor before investing. Crypto investments carry high risk, and past performance is no guarantee of future results. I am not responsible for any decisions you make based on this content.

The Australian Securities and Investments Commission says it has secured a record $830 million in civil penalties orders during the 2025-2026 Financial Year. It launched more than 250 investigations, which led to 25 criminal convictions and 11 individuals being sentenced to prison. Businesses subjected to major civil penalties include Union Standard International Group, HSBC Bank Australia, Westpac, Walker Stores and Mercer Super. SBS Reporter Stephanie Youssef has been speaking with ASIC Commissioner Alan Kirkland

The S&P/ASX 200 has closed flat, despite Donald Trump saying the US would reinstate a blockade on Iranian ships transiting through the Strait of Hormuz and impose a 20 per cent toll fee. As a result, crude prices surged in their biggest one-day increase since 2020. For more, Stephanie Youssef spoke with Marcus Today senior market analyst Henry Jennings. The latest consumer sentiment reading by Westpac and the Melbourne Institute has shown confidence rose to 83.9 in July, as lower petrol prices and easing interest rate expectations provided some relief for households, though pessimists still outnumber optimists. For more, Stephanie Youssef spoke with Westpac senior economist Matthew Hassan.The S&P/ASX 200 has closed flat, despite Donald Trump saying the US would reinstate a blockade on Iranian ships transiting through the Strait of Hormuz and impose a 20 per cent toll fee. As a result, crude prices surged in their biggest one-day increase since 2020. For more, Stephanie Youssef spoke with Marcus Today senior market analyst Henry Jennings. The latest consumer sentiment reading by Westpac and the Melbourne Institute has shown confidence rose to 83.9 in July, as lower petrol prices and easing interest rate expectations provided some relief for households, though pessimists still outnumber optimists. For more, Stephanie Youssef spoke with Westpac senior economist Matthew Hassan.

What happens when a software company building AI tools for HR teams uses those same tools to transform itself? Josh McKenzie, Chief Technology Officer at ELMO Software Group, shares how his team rebuilt their entire software development lifecycle around AI agents and redrew the boundaries of every engineering role. He breaks down how to lead that shift without losing people's trust, why domain expertise is the real SaaS moat, and how the right analytics partner unlocks decisions HR teams have never been able to make before. Key Moments: The SaaS Moat: What AI Can't Erode (06:37): Josh argues SaaS value runs deeper than software. Accountability, compliance, and domain expertise keep purpose-built platforms irreplaceable. How ELMO's AI Journey Started (10:23): ELMO started by mapping every role against AI impact. Turning that lens on their own engineering team set the full transformation in motion. Why ELMO Chose ThoughtSpot Over Building Its Own Analytics (18:42): A homegrown tool requiring too much user expertise led ELMO to look elsewhere. ThoughtSpot Spotter and natural language capabilities closed the gap. Why HR Teams Are the Most Underserved (20:21): Payroll here, benchmarking data there, performance data somewhere else. HR teams have been drowning in spreadsheet hell for years. Josh explains how AI finally closes that gap. From Engineer to CTO: Build a Team of Complements (24:17): Josh reflects on the mindset shift that defined his path to the C-suite. Great leadership means building a team whose strengths cover your blind spots. Key Quotes: “ ThoughtSpot was particularly interesting for us… The big thing for us was the Spotter product. Allowing users to bridge that data analyst gap was really important. So, that product has yielded really, really great results for us.” - Josh McKenzie “I think it's really important that we instill a culture where it's okay to fail, and it's okay to make a mistake. You want to be vocal about your mistakes so others don't repeat the same mistake.” - Josh McKenzie “My belief is you want to focus on your secret sauce. So, what is the thing that makes your business super successful? And for us, that's where we came to look at ThoughtSpot. It has a really nice visual user interface and allows you to create some great dashboards.” - Josh McKenzie Mentions Hiring and Onboarding Taking Longer Despite Widespread AI Adoption, New Australian Research Finds The 5 Levels of AI Coding (Why Most of You Won't Make It Past Level 2) WireGuard: Next Generation Kernel Network Tunnel | Jason A. Donenfeld Guest Bio As the Chief Technology Officer, Josh McKenzie is responsible for both technical strategy and delivery (build, release and operation) of the ELMO product suite. Josh has a proven track record of successfully leading technology teams and implementing transformative strategies that enhance efficiency, drive growth, and elevate overall technological capabilities. Josh has 20 years of experience in technology, primarily in FinTech. Before joining ELMO in 2024, Josh held executive and senior positions at Lendi Group, OFX, ASX and Westpac. Josh holds a Bachelor of Computer Science from the University of Newcastle and an MBA from the University of Sydney. Hear more from Cindi Howson here. Sponsored by ThoughtSpot.