Chanticleer

This week, Chanticleer columnist James Thomson and deputy editor of business Anthony Macdonald dissect what might prove to be the biggest news week of the year. They get into troubled Australian companies Canva and David Jones, they ask what’s broken with interest rates after yet another rate rise, and try to work out what Donald Trump’s shellacking means for us here in Australia.
This podcast is sponsored by Ripple
To ask a question, email chanticleer@afr.com.
Further reading:
Markets are a sea of red – and one frightening pocket of green
The Democratic Party’s huge midterms win has sparked a brutal sell-off by investors. It’s not easy to see what stops the pain.
Bullock’s wrong. DJs and Canva show this may feel worse than recession
RBA governor Michele Bullock isn’t sugar-coating what’s coming. But artificial intelligence disruption may add a new element of pain to a traditional slowdown.
One scary number in NAB’s result says pain is coming
NAB, two weeks after unveiling massive job cuts, has made it clear its braced for economic pain. Welcome to the banking sector’s first real credit cycle in more than a decade.

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This week, Chanticleer columnist James Thomson and deputy editor of business Anthony Macdonald reveal why you’ve never seen anything remotely like the $3 trillion float of Anthropic, they explain what more bad news on inflation means for your mortgage, and answer a question that puts the spotlight on Musk's succession plan.
This podcast is sponsored by Stripe.
To ask a question, email chanticleer@afr.com.
Further reading:
Leah Weckert’s big gamble just wiped 10pc off Coles’ value
The scale of the risk that chief executive Leah Weckert is taking was immediately reflected in the share price reaction to her plan for the supermarket giant.
Bullock’s sideways glance tells us more rate pain is coming
Woolworths’ mince sales tell us households are bleeding. The RBA has little choice but to inflict more pain next week with a rate rise - will that really be it?
If Anthropic’s IPO goes wrong, the AI bubble will pop
The firm’s float will determine where the artificial intelligence trade goes next. But CEO Dario Amodei’s pitch – “my company could kill you, please buy my shares” – matters beyond markets.
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This week, Chanticleer columnist James Thomson and deputy editor of business Anthony Macdonald jump into a couple of corporate story crackers on NextDC and NAB, preview the piece of data that will make or break Melbourne Cup Day, and take a question on whether the Chooks need to step up their AI game.
This podcast is sponsored by Stripe.
To ask a question, email chanticleer@afr.com.
Further reading:
$3b gone in 40 minutes: Inside the NextDC bloodbath
NextDC’s savage share price sell-off is more evidence that the country’s much-hyped AI infrastructure sector is bleeding. Two more big tests loom in the coming months.
What Musk’s mega Tesla-SpaceX merger is really about
Any tie-up between the billionaire’s two companies would be a huge moment for markets. But the reason is power, not money.
The two forces behind NAB’s job cuts should scare every Australian
The bank’s dual-pronged hammer blow to jobs should resonate across Australia’s office towers, particularly with the nation’s white-collar workers.
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This week, Chanticleer columnists James Thomson and Anthony Macdonald look at how the Firmus fallout has spread around the globe and given the AI trade the wobbles, they ask why Australia is telling itself a big lie about the energy transition, and examine whether the property market can find a bottom.
This podcast is sponsored by Stripe
To ask a question, email chanticleer@afr.com
Further reading:
Housing just can’t find a bottom. And one market is crashing
Property veteran Louis Christopher is looking for two signs that the property market is bottoming. Neither is emerging, and on the Gold Coast, things are really getting ugly.
The pain that killed Firmus’ float is spreading. Here’s a new victim
AirTrunk’s decision to delay its Singaporean property IPO is another sign that the rising cost of capital is starting to foster doubts in the global artificial intelligence trade.
Australia is in an energy cold war, like it or not
Forget the climate wars. Energy security has become national security, and Australia’s policy paralysis is leaving us behind.

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This week, Chanticleer columnist James Thomson and companies editor Anne Hyland examine how the $44 billion float of Firmus went bad, they look at how the removal of those debit and credit surcharges turned into a farce and they put on their berets for a look at France’s bond market bonfire.
This podcast is sponsored by Stripe
To ask a question, email chanticleer@afr.com
Further reading:
Firmus farce is a tale of hubris and arrogance
Team Firmus seemed sure its true believers would make its IPO a walk in the park. Turns out it was the sceptics who really mattered.
France just set the bond market on fire again
Fears that the country’s debt crisis could spread across global markets are getting more real. And there are no easy solutions.
AI sudden debt wobbles arrive at wrong time for Firmus
As the data centre operator scrambles to shut the books on its IPO, investors have again been reminded of the sheer scale of debt that is fuelling the AI boom.
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