Podcast
MPC Markets Morning Call
Hosted by MPC Markets · EN
The MPC Markets Morning Call is hosted by Mark Gardner a daily update on financial markets before the open of the ASX.
In the daily podcast we cover stock markets, commodities, interest rates and geopolitics
25episodes
Episodes
Newest firstAll episodes
AI Boom masks Iran Limbo
4d ago00:10:56Tap to summarizeUS Stock Market Hits Fresh Records as AI FrenzyIntensifies | Market RecapUS equities surged to new all-time highs on Friday, markingthe S&P 500’s ninth straight weekly gain. The S&P 500 closed at7,581.65, the Dow at 51,032.34, and the Nasdaq at 26,972.62 as traders bet onan imminent US–Iran ceasefire extension while the AI infrastructure trade hitfever pitch.In this episode, we break down the key market movers,geopolitical developments, oil price collapse, and what’s ahead for the ASX 200this week.Key Market Highlights: What’s Moving Markets: Australia Market Preview:SPI futures point the ASX 200 13 points (0.1%) lowerat the open. Focus this week on three RBA appearances (including GovernorBullock) and Q1 GDP on Wednesday.Timestamps: 00:00 – Market Open Recap 02:15 – S&P500, Dow & Nasdaq Record Closes 04:40 – AI Infrastructure Boom: Dell,Snowflake, Okta 07:25 – Oil Crash: Brent & WTI Update 09:50 – Geopolitics:US–Iran Ceasefire Latest 12:10 – ASX 200 & RBA OutlookIf you're trading US or Australian markets, want dailymarket insights, or follow the AI megatrend, make sure to subscribe andhit the notification bell.What are your thoughts on the AI trade and oil prices?Drop a comment below.
Transcribe →
Record Highs again n Ceasefire extension & AI
1w ago00:13:08Tap to summarize🚨 MARKET RECAP: S&P 500 & Nasdaq Smash ALL-TIME HIGHS Despite Iran War Tensions 🚨US stocks just delivered one of the strongest days of 2026 — all three major indexes closed at record highs simultaneously for the first time in years. S&P 500 +0.6% to 7,563, Nasdaq +0.9% to 26,917, and the Dow also pushed higher. In just the past two months the S&P is up 20% and Nasdaq up 30% as AI euphoria continues.But behind the rally? A tentative 60-day US-Iran ceasefire MoU that could reopen the Strait of Hormuz and ease the global oil chokehold. Trump hasn’t signed yet, but the market is pricing in relief. Brent crude still closed +1.1% at $93.28 after spiking to $96, while WTI hit a 6-week low on deal optimism.We break down:Full details on the Iran ceasefire — Hormuz shipping, mine removal, nuclear talks, and why Trump’s “red lines” still matterOvernight clashes: ballistic missile at Kuwait, drones near Hormuz, warning shots at tankersIsrael ramps up strikes on Lebanon — does this kill the deal?Why Wall Street is ignoring Asia/Europe selloffsEARNINGS SEASON HEATS UPDell +19% after crushing AI server forecastSnowflake, Best Buy, Dollar Tree, Agilent all surge on strong guidanceAnthropic raises $65B at $965B valuation (now bigger than OpenAI) with Google & Amazon backing — IPO coming Fall 2026?Plus Caesars $5.7B takeover and the regulator pause on the Union Pacific–Norfolk Southern mega-mergerSTAGFLATION WARNINGApril PCE jumps to +3.8% y/y (highest since May 2023)Q1 GDP revised sharply lower to just 1.6%US savings rate collapses to 2.6% — near 18-year lowsNew Fed Chair Kevin Warsh inherits a nightmare: rising inflation + slowing growth = no rate cuts in sightAUSTRALIA FOCUSASX 200 futures rebound +0.6% after Thursday’s $45B wipeoutBHP’s secret diesel truck purchases exposed — A$500M extra annual fuel costWebjet CEO exit, IAG lawsuit settlement, Tourism Holdings bid drama & Guzman y Gomez dumps US expansion (stock +21%)WHAT’S NEXTTrump’s decision on the Iran deal is the biggest market catalyst in weeks. Plus Germany CPI, US Chicago PMI, Fed speakers, and Japan data.Timestamps:0:00 – US Record Highs & Big Picture3:45 – Iran Ceasefire MoU: What We Know9:20 – Oil Price Reaction & Hormuz Impact13:10 – Earnings Winners & Losers (Dell, Snowflake, Anthropic)18:40 – Stagflation Reality Check (PCE, GDP, Savings Rate)23:15 – ASX 200, BHP, Aussie Corporate News27:50 – What’s Ahead This Weekend🎙️ Daily market wrap with no fluff — macro, geopolitics, earnings & Aussie stocks in plain English.👉 Like & Subscribe for daily market recaps every trading day. Drop your biggest question about the Iran deal or AI stocks below 👇#StockMarketToday #SP500 #Nasdaq #IranCeasefire #OilPrices #AIStocks #PCEInflation #Stagflation #ASX200 #BHP #DellEarnings #Anthropic #MarketRecap #Trading2026
Transcribe →
Stocks hit Fresh Records on AI Momentum
1w ago00:07:36Tap to summarizeWall Street kicked off the holiday-shortened week with the S&P 500 rising 0.6% to a record close of 7,519.47, driven by a blistering rally in semiconductors after UBS tripled its Micron Technology price target to a Street-high $1,625. The Nasdaq 100 surged 1.8% to a record of its own, while the Dow slipped 0.2% as energy and healthcare names dragged. Brent crude rebounded 3.5% to $99.53 after Monday’s 7% plunge, though WTI fell 2.9% to $93.79 amid mixed signals on U.S.–Iran negotiations. Treasury yields fell broadly — the 10-year declining 7 bps to 4.49% — as inflation concerns eased modestly. Spot gold slipped 1.4% to $4,507.53 as the risk-on mood drew capital away from havens. For Australia, ASX 200 futures are pointing down just 3 points to 8,677, with all eyes on the April CPI print due today and an RBA speech from Carolyn Hewson.
Transcribe →
Bond Rout and Record Low Sentiment Flash Warning
2w ago00:06:50Tap to summarizeWall Street closed out an eighth consecutive winning week — its longest since December 2023 — with the Dow Jones Industrial Average printing a fresh all-time high at 50,579.70. Optimism around U.S.–Iran peace talks and a blowout AI earnings season offset a bond market sell-off that drove the 30-year Treasury yield to levels not seen since 2007. ASX futures pointed 0.7% lower before Trump’s weekend comments suggesting a deal had been “largely negotiated,” though key sticking points remain unresolved.
Transcribe →
Dow Back at Records as Iran Deal Hopes Crush Oil
2w ago00:09:34Tap to summarizeWall Street climbed to fresh highs Thursday as hopes for a US–Iran peace deal drove a sharp pull-back in oil prices and lifted sentiment across global markets. The Dow Jones Industrial Average closed at an all-time high of 50,285.66 — its first record since early February — while the S&P 500 added 0.2% to 7,446.05 and the Nasdaq Composite edged up 0.1% to 26,293.10. Reports of a near-finalised peace draft sent WTI crude to a two-week low near $96, even as conflicting signals over Iran’s uranium stockpile and proposed Hormuz tolls kept negotiations unresolved heading into the weekend. The ASX is expected to open higher on Friday, tracking overnight gains.
Transcribe →
Stocks Soar as Trump Says Iran Talks in “Final Stages” and Nvidia Delivers
2w ago00:14:07Tap to summarizeWall Street surged on Wednesday as Trump said Iran talks were in the “final stages,” sending oil plunging 5.5% and lifting both stocks and bonds. The S&P 500 jumped 1.1% to 7,432.24, the Dow reclaimed 50,000, and the SOX index leapt 4.5%. After hours, Nvidia beat on revenue ($81.62B vs $78.86B est), guided Q2 to $91B (vs $87B est), announced an $80 billion buyback and raised its dividend to $0.25. Fed minutes showed a majority of officials warned hikes “would likely become appropriate” if inflation persists. SpaceX filed for its Nasdaq IPO. Anthropic’s revenue is projected to more than double to $10.9B in Q2 with its first operating profit. ASX 200 futures +1.2%.
Transcribe →
Bond Yields Hit 2007 Highs as Inflation Fears Grip Markets Ahead of Nvidia
2w ago00:05:07Tap to summarize📉 Wall Street tumbled overnight as 30-year US Treasury yields hit their highest level since 2007, with inflation fears from the Iran war gripping markets ahead of Nvidia's blockbuster earnings tonight. We break down the bond market shock, the brutal sell-off in precious metals, and what to watch from Nvidia's Q1 FY27 print.In today's Morning Call:🔻 Wall Street sell-off — tech and financials hit hardest (GOOGL -2.34%, MS -4.57%, AMZN -2.08%)📈 30-year UST yield flirting with 5.20% — highest since 2007⚡ 2-year yield at 4.11% sitting well above the 3.63% Fed Funds rate🎯 Futures now pricing greater than 50% chance of a Fed rate hike this year under new Chair Kevin Warsh🛢️ Oil -0.8% on US–Iran diplomacy progress, but inflation premium remains embedded🥇 Precious metals smashed — Gold -1%, Silver and Platinum both -4%💵 USD strength on widening yield differentials, pressuring the AUD🤖 Nvidia earnings preview — $79.2B consensus revenue, BofA expects 2–4% beat, $320 PT🏆 Strong Buy 15 out of 15 analyst rating heading into the print📅 Week ahead: AU jobs data Thursday, FOMC Minutes, Walmart & Target earningsThe ASX is set to open lower on the Wall Street lead, with all eyes on Nvidia after the US close. A beat could stabilise sentiment — a miss into this bond-yield backdrop would amplify the risk-off mood meaningfully.
Transcribe →
Stocks Lower as Bond Yields Sound Inflation Alarm
3w ago00:08:40Tap to summarizeThe S&P 500 fell 1.24% to 7,408.50, the Nasdaq dropped 1.54% to 26,225.15, and the Dow slid 1.07% to 49,526.17 — the biggest selloff since March as a global bond rout overwhelmed the AI rally. Despite Friday’s decline, the S&P 500 posted its seventh consecutive weekly gain. The 10-year Treasury yield surged above 4.5% to its highest since May 2025, Japan’s 30-year yield hit 4% (first since 1999), and UK 30-year gilts soared above 5.8% (28-year high). The SOX semiconductor index fell 4%, with Nvidia −4.4%, AMD −5.7%, and Intel −6.2%. WTI rose 4% to above $105 and Brent topped $109 as combative comments from Trump and Iran’s Foreign Minister raised doubts the ceasefire would hold. A drone attack sparked a fire at a UAE nuclear plant. Trump posted: “For Iran, the Clock is Ticking — TIME IS OF THE ESSENCE!” Iran’s Mehr news agency said the US offered “no tangible concessions.” The Trump–Xi summit concluded with few tangible results, though China agreed to cut some levies. Powell’s term ended Friday — Warsh is now Fed chair. Fed rate-hike odds for December jumped to nearly 40% from 13.6% a week ago. G7 finance chiefs meet in Paris Monday–Tuesday to discuss the bond selloff and global imbalances. Nvidia reports Wednesday.
Transcribe →
Chip Stocks and China
3w ago00:09:45Tap to summarizeThe S&P 500 surged above 7,500 for the first time on Thursday as Trump hailed “extremely positive and constructive” talks with Xi, the US cleared Nvidia H200 chip sales to 10 Chinese firms, Cisco jumped 13% to a record, and Cerebras soared 68% in the year’s largest IPO. The Dow closed at 50,063 — just 0.3% from its all-time high. China agreed to buy 200 Boeing jets. Retail sales rose 0.5% but were propped up by a 21.2% surge in gasoline station spending. Oil held near $106 Brent. Breadth improved with advancers leading decliners. Applied Materials gave strong guidance after hours.
Transcribe →
Inflation comes in (PPI)ping Hot, Stocks Don’t Care
3w ago00:13:00Tap to summarizeThe S&P 500 rose 0.6% to a record 7,444.04 and the Nasdaq surged 1.2% to 26,402.34, both record closes, while the Dow slipped 0.1% to 49,693.20. The rally was extraordinarily narrow — Jones Trading noted that Google, Nvidia, Apple and Tesla accounted for 100% of the S&P 500’s gain, with the JT20 megacap index up 1.5% while breadth was negative. Six of the Magnificent Seven gained 1.4%–3.9%. PPI was a shocker: headline +1.4% monthly (largest since March 2022), +6.0% annually (largest since December 2022), far above estimates of +0.5% and +4.9%. Energy prices surged 7.8% with gasoline +15.6%. However, analysts noted the PCE-relevant PPI components were surprisingly benign. Kevin Warsh was confirmed as Fed chair 54–45 — the slimmest margin ever — replacing Powell whose term ends Friday. Boston Fed’s Collins said rate hikes could be needed if inflation persists. Trump landed in Beijing with Jensen Huang, Elon Musk and Tim Cook for the two-day summit with Xi. Brent fell 1.8% to $105.87. The 10-year yield was little changed at 4.467% after testing 4.5%. A 30-year auction was weak. Morgan Stanley raised its S&P 500 target to 8,000. Ford surged 13.2%. Alibaba jumped 8% on cloud/AI growth. OpenAI floated a global AI governance body modelled on the IAEA.
Transcribe →