The Monday Call

The trillion dollar question | SpaceX, AI and market impact

One of Wall Street’s most widely followed tech analysts and a regular voice on CNBC and Bloomberg, Dan Ives is a leading commentator on AI, NVIDIA, Tesla and companies shaping the next decade of markets. As Global Head of Technology Research at Wedbush Securities, he is known for bold, high-conviction calls and deep insights on tech. AI is expanding beyond software into infrastructure, energy, robotics – and now space. This is fuelling speculation around a SpaceX IPO, potentially valued near US$1 trillion, and what could be one of the largest issuances ever. The market impact would be significant, reshaping index flows, liquidity and global tech positioning. Join the Monday Call team as they speak with Ives about where technology is heading, how large SpaceX could become, if space-based data centres are viable, and whether the AI revolution is still only just starting.

Crude awakening | Energy resilience in a shifting world

New Zealand’s energy system is being tested and few are closer to the action than Alexa Preston, Chief Financial Officer of Channel Infrastructure NZ. Leading the finances of a key infrastructure business, Preston offers a front-row view of where energy security and long-term decisions meet the real economy. From its deepwater import terminal at Marsden Point to fuel networks that keep planes flying, trucks and tractors moving, and shelves stocked, Channel is a vital link in New Zealand’s supply chain. Most people barely notice the system - until conditions shift, prices react, and pressure builds. In a world shaped by geopolitical tension, supply shocks, and changing energy needs, resilient infrastructure has become a national priority. Assets once taken for granted are now central to debates about productivity, competitiveness, and how countries stay strong when conditions grow more volatile. Hosted by James Grigor and Stephan Clark, join Alexa Preston for a timely conversation on the infrastructure that keeps New Zealand moving. They explore why energy resilience matters more, how long-term planning supports national strength, and how today’s decisions will shape New Zealand’s future - when it matters most.

When interest rate forecasts collide | Tough calls, high stakes

Jarrod Kerr, Chief Economist at Kiwibank, has stepped into the centre of a widening divide. In a debate now marked by sharply differing views on the path of the Official Cash Rate, Kerr has labelled calls for near-term hikes 'reckless' - cutting through the profession’s usual caution. At issue is more than timing. Some economists are signaling multiple rate increases this year, citing inflation risks from the Iran war and rising energy prices. Kerr takes a different view: this is a supply shock, not a demand surge - and tightening into it risks repeating past mistakes and damaging the economy. In this episode, Kerr sets out his case. Why does his outlook diverge from his peers? Are markets - and policymakers - misreading the inflation impulse? And how should the Reserve Bank of New Zealand respond as geopolitics and economics become more closely intertwined? Join hosts James Grigor and Stephan Clark for a conversation on New Zealand’s economic outlook, geopolitics and what happens when consensus begins to fray with one of the country’s most outspoken economists.

From the Pentagon to New Zealand | Hard truths for security resilience

Tim Ewing-Jarvie, former Strategic Adviser to the Pentagon, offers a rare insight into global security. He served in the NZ Army in a variety of roles, including as Sniper and Reconnaissance Platoon Commander and Delta Company commander, with operational experience in Iraq, Afghanistan and the Greater Middle East. He now leads Horizon Lab, a strategic advisory providing actionable intelligence and decision support for companies navigating complex operating environments. Tim will discuss how nations and organisations can build resilience amid geopolitical shocks – from the 'weaponisation of trade' to managing conflict risks like those in Iran. How can New Zealand strengthen economic and military resilience? Are geopolitical factors overtaking commercial efficiency as the main driver of trade? And how can businesses adapt in response to international conflicts? Join James Grigor and Stephan Clark for a forward-looking conversation on national priorities, public–private collaboration, and strategies to enhance stability, trade, and long-term security at home and abroad.

Iran Attack Update | Oil Surges, Equities Resilient

The recent escalation in the Middle East delivered a sharp geopolitical shock. Coordinated United States-Israel strikes on Iranian military targets, followed by Iran’s missile retaliation, quickly raised tensions. For investors, the key question is not the headlines themselves, but whether the conflict meaningfully alters the outlook for global markets and long term returns. Markets reacted swiftly. Oil prices surged as shipping through the Strait of Hormuz - responsible for around 20% of global oil supply - was disrupted. The United States dollar strengthened as investors sought safety, while Treasury yields rose, an unusual move reflecting renewed inflation concerns. Equities proved resilient with airlines and transport lagging, and as energy and defensives outperformed. History suggests regional conflicts rarely derail corporate earnings – except when energy flows are severely and persistently disrupted. That is the critical judgment call now. Join Stephan Clark for part two on the conflict, as he speaks with Mark Brooks, Chief Investment Officer, to review recent developments and the opportunities ahead for well positioned portfolios.