Overnight markets, explained before the day moves.
NAB Morning Call tracks the market morning after: currencies, equities, bonds, oil, inflation, and the policy signals behind them. Its guided conversations translate dense economic news into plain, practical reasoning without losing the numbers.
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NAB Morning Call is a compact, institutional market briefing with a clear daily rhythm. It starts from overnight price action and moves quickly into interpretation. Oil, currencies, equities, bond yields, central bank expectations, inflation prints, and Australian confidence data are not treated as isolated headlines. They are worked into a practical macro argument about what markets believe and where those beliefs may be fragile. The show is at its best when the surface story does not quite add up. Episodes repeatedly return to the tension between geopolitical danger and investor optimism, especially around Iran, the Strait of Hormuz, ceasefire talks, oil supply, and the possibility that markets are buying time rather than seeing clearly. There is dry skepticism in the questioning, but the delivery stays composed. Phil Dobby tends to set up the puzzle in plain language, then lets a NAB economist, strategist, or outside guest test the explanation against data. The format gives listeners both the headline moves and the reasoning chain behind them. A rise in Brent is connected to energy pass-through. A stronger Philly Fed print is compared with the Beige Book. A rally in US equities is set against Europe’s vulnerability to higher energy prices. Weekend editions broaden the lens. Phil Suttle’s discussion of AI spending and productivity turns a market theme into a longer question about corporate investment, labor income, and future demand. The CEFC episode links net-zero finance to specific business and farming investments, including equipment finance, emissions intensity, renewable energy, batteries, and methane inhibitors. The show does not chase personality-driven drama. It is more useful as a steady interpretive layer between the overnight tape and the working day. For investors, business listeners, and macro watchers, its value is the repeated discipline of asking whether price action, policy expectations, and real economic conditions are telling the same story.
Made for: For investors, finance professionals, business owners, and macro-curious listeners who want a concise morning read on global markets with an Australian lens. It also suits listeners who follow rates, oil, currencies, and central bank signals closely.
What sets it apart: The show combines fast market data with careful explanatory questioning, so each move is tied back to a mechanism rather than left as a headline. Its weekend editions add depth by turning current market stress into longer conversations about AI, productivity, net-zero finance, and investment decisions.
Start your day with the NAB Morning Call for the latest overnight key economic and market information straight from our team of expert market economists and strategists. This includes perspective on overnight news and market price action and the forces shaping movements in Australian and global markets in the days ahead. Hosted on Acast. See acast.com/privacy for more information.
Based on 6 episodes we listened to · September 2026
Phil Dobby connects daily market moves to the economic assumptions, geopolitical risks and capital decisions driving them.
NAB Morning Call turns market movement into an argument about what investors are pricing and what could prove them wrong. Phil Dobby moves between weekday conversations with NAB figures such as Sally Old and Weekend Edition interviews that give a single issue more room.
An S&P high meets rising oil; Phil Dobby asks what you'd be muttering at your screen.
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Short reviews from the PlayNext desk, based on the episodes we processed.
A grounded macro briefing on why markets can look buoyant while household pressure persists.
Phil Settle frames a market that still looks past war risk, oil disruption, and stalled peace talks, even as the S&P sets a new high. The interest here is not just the headline move but the question underneath it: how much of that optimism is carrying the story.
A tight market briefing on ceasefire optimism, stubborn oil pressure, and the U.S.-Europe equity gap.
The episode follows a market trying to move past the Gulf ceasefire and renewed peace talks, even as oil keeps the macro picture unsettled. U.S.
A practical look at how green lending moves from policy talk to actual projects.
NAB Morning Call's Weekend Edition sets up a clear policy-and-finance discussion that links the energy crisis, COVID supply chain shocks, and the push toward net zero across NAB and the CEFC.
A measured read on whether Iran-related market optimism signals a turn or just a pause.
The Morning Call weighs whether lower oil and stronger equities point to a genuine shift in the Iran war, or simply a brief burst of relief around the Strait of Hormuz reopening.
A grounded look at how NAB and CEFC connect net-zero targets with business financing decisions.
Net-zero finance feels more concrete when The Weekend Edition turns from the energy crisis and COVID-era supply-chain shocks to the capital choices facing business customers.
Stuart Upson gives AI's growth story a grounded infrastructure frame, from data-centre assets and chip efficiency to leases and returns.
The Weekend Edition frames AI less as a speculative technology story than as an infrastructure question. Brookfield's Stuart Upson is clearest when he pulls the theme back to data centres, processing capacity, chip efficiency, and the contracts that can turn those assets into…
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The NAB Morning Call Weekend Edition explores whether recent energy and supply chain crises have accelerated Australia's path to net-zero.
This episode explores the factors influencing oil prices, including supply gluts, demand cuts, and geopolitical events, featuring an interview with oil market researcher Rory Johnson.
Phil Dobbie interviews Stuart Upson, co-president of Brookfield's infrastructure group, about AI's massive investment landscape.
Markets were up, but nobody sounds entirely sold on the story.
This episode analyzes conflicting signals about the Iran conflict's duration, its impact on oil prices, and mixed economic data from the U.S.
NAB Morning Call examines how an expected extension of the Gulf ceasefire pushed the S&P 500 above 7,000, lifted the Nasdaq 1%, and strengthened the Australian dollar to 71.7 U.S.
This episode discusses current market trends, including falling oil prices and rising equities, amid optimism over potential US-Iran talks and revised IMF economic forecasts.
This episode analyzes market reactions to the U.S.
It opens with a blunt question about whether the energy crisis and COVID sped up the path to net zero.
Donald Trump's 8 p.m.
Phil Dobby asks what comes next for Iran, Donald Trump, and markets as oil falls and equities rise.
This episode features an interview with Stuart Upson of Brookfield discussing the company's global AI investment strategy and how AI is driving technological shifts in infrastructure and data centers.
This episode features an interview with Anastasia Clarke, CFO of Charterhall, discussing her career journey, gender equality in business, and challenges faced by women in leadership roles.
This episode discusses the global AI infrastructure boom, focusing on Australian data center company NextDC's expansion in Asia and the massive investments driving this sector.
This episode explores how artificial intelligence is creating new jobs and changing skill requirements across sectors, featuring insights from Seek's AI Gauge report and an interview with senior economist Dr.