Here's the week's business, finance and economics news - in just 30 minutes. In the meantime you can catch me on Facebook, Twitter and LinkedIn. And if you want leave a comment. Wishing you all a safe and healthy week. And looking forward to bringing you Talking Business next week Follow my socials on: https://twitter.com/leongettler https://www.instagram.com/leongettler/ https://www.linkedin.com/in/leongettler/ https://www.linkedin.com/company/leongettler/ https://www.facebook.com/talkingbu ...
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Talking Business#41: Interview with Stephanie Walker from NMS Productions
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An analysis of what Trump’s victory means for the US and global economies. The Reserve Bank of Australia has held interest rates steady. It says underlying inflation is not expected to ease to 3% until mid-2025 and “remains too high”. This means that other central banks are cutting rates but the RBA won’t be joining them any time soon. Mineral Reso…
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Talking Business #40 Interview with Michelle May from Michelle May Buyers' Agents
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Australia's inflation rate fell to 2.8% in Q3 of 2024 from 3.8% in Q2, marking the lowest figures since Q1 of 2021. However, services inflation is still too high. The change of government in Queensland was not caused by cost of living issues. Chalmers rules out big spending despite loss. Report shows the inept Morrison government’s delays procuring…
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Talking Business #39 Interview with Phil Zammit from Avaya
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The world’s $100 trillion time bomb is ticking as the International Monetary fund meets finance chiefs in Washington this week. The IMF warns that Australia’s inflation will hold at 3.3% through 2024-2025. Billionaire Richard White has been accused of giving business advice in exchange for sex by different women. Qantas has been ordered to pay $170…
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Talking Business #38 Interview with Graham Cooke from Finder
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Hurricanes in the US have cost lives, wreaked enormous damage and left enormous financial costs. As we witness extreme weather events escalating worldwide, the connection to climate change is undeniable. Prime Minister Albanese just bought a $4.3M ocean front home, when most people can't afford their rent or mortgage. For a supposed man of the peop…
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Talking Business #37: Interview with Chris Noone from Carly
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ASIC data shows company insolvencies have hit record highs. Half of Australians expect cost-of-living pressures to deteriorate over the coming two years New research shows grocery costs are the biggest pain point for Aussie consumers despite the recent pullback in official inflation figures. ANZ CEO Shayne Elliott doesn’t expect to remain in the to…
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Talking Business #36 Nathan Cheong from Melrose Health Group
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Qatar Airlines gets around Qantas protectionism by buying a 25% stake in Virgin. Murdoch's REA walks away from Rightmove deal after making four bad offers. Rank-and-file Labor members urging the Albanese government to curtail negative gearing and capital gains tax concessions. An average of 4.02 million national viewers watched Brisbane’s 60-point …
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Talking Business #35 Interview with Joel Delmaire from JobAdder
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Unlike other central banks, the Reserve Bank of Australia keeps its rates on hold waiting for inflation to come down. Australia’s annual inflation rate in August falls to lowest since 2021 at 2.7% Australia’s Misery index is at its highest level since the global financial crisis and higher than during the COVID-19 era. The Albanese government surpr…
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Talking Business #34 Interview with Cesar Hasselman from AMH Consulting
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We need a Labor Party in which the big issues are confronted,” former ACTU secretary Bill Kelty said, describing the Albanese government as instead being “mired in mediocrity”. Commonwealth Bank of Australia is exploring the possibility of replacing thousands of local call centre staff with a ChatGPT-style platform in an expanded use of artificial …
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Talking Business #33 Interview with Mustafa Nuristani from the Transcendental Meditation Organisation in Australia.
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. The Murdoch’s control over their media empire is about to be scrutinized in court. It’s also now the target of the activist investor Starboard. The legal battle between Murdoch’s kids over Murdoch’s plan to change the structure of his family trust to give all voting power to his oldest son, Lachlan. New data shows almost all of Australia’s major …
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Talking Business #33 Intterview with Mustafa Nuristani from the Transcendental Meditation Organisation in Australia
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The Murdoch’s control over their media empire is about to be scrutinized in court. It’s also now the target of the activist investor Starboard. The legal battle between Murdoch’s kids over Murdoch’s plan to change the structure of his family trust to give all voting power to his oldest son, Lachlan. New data shows almost all of Australia’s major ai…
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Talking Business #32 Interview with Evan Thornley from LongView
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Australian GDP per capita has declined for a record 6th consecutive quarter. Australian health Department officials concede that private hospitals are uninvestable and more will close. Rupert Murdoch-owned firm REA Group weighs up bid for UK-based Rightmove. Blackstone to acquire Australian data centre business AirTrunk. The world’s largest private…
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Talking Business #30 Interview with Dana Udall from Headspace
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Australia’s latest monthly CPI indicator came in lower at 3.5% in the 12 months to July. But energy subsidies are weighing on the index. As many as 1.6 million Australian households are now facing home insurance affordability stress The Australian government is set to take a tougher approach to airlines and airports over flight delays under changes…
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Talking Business #30 Interview with Lucy Piper from WorkforClimate
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Plummeting iron ore prices could cost the federal government $3 billion in revenue, which is likely to push Australia’s budget further into deficit this financial year. Federal police have been called in to investigate whether Regional Express’s former chairman amid increasingly bitter recriminations over the airline’s collapse late last month. New…
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Talking Business #29 Interview with Brent Goldman from Nexia Australia
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Bruce Daisley says Elon Musk should be arrested if it's proven that his actions incited recent riots in the UK. Daisley is a former senior executive at Twitter. Amid growing political tensions over cost-of-living pressures, RBA deputy governor Andrew Hauser slams those who claim to be sure of the way forward as “false prophets” Australian technolog…
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Talking Business #28 interview with Paul Koopmans from Worldpay
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On Monday, the global stock markets were crashing (until they weren’t). Market volatility is now the new trend, reminiscent of 1987 crash and the 2000 tech wreck. Elon Musk sues Unilever and Mars for conspiring to boycott X and deprive it of revenue. When it gets to trial, he can explain to the judge why he told advertisers to “go f… the selves.” R…
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Talking Business #27 Interview with Fred Thiele from Interactive
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Kamala Harris is raising money in record breaking amounts. HUGE relief to the RBA Board. Australia’s Q2 headline CPI inflation in line with market expectations. The big surprise was trimmed mean inflation. It undershot expectations to come in at 3.9%, down from 4% in March. Rex officially goes into administration, regional routes still running. Aus…
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Talking Business #26: Interview with Sonia Shwabsky from Kwik Kopy
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What does the market anticipate in a potential Kamala Harris presidency? Reserve Bank of Australia governor Michele Bullock has warned that rapidly rising building costs are keeping inflation in Australia higher than overseas Calling CrowdStrike!! What’s the plan on reimbursing everyone for the lost revenue?? This outage cost the global economy bil…
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Talking Business #25 Interview with Alex Perry from Sharewise
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The markets are waking up to the prospect of Trump winning the election following the assassination attempt. That means tax cuts, tariffs and de-regulation. There is also heightened political risk which may add to volatility. A group of ultra wealthy people are donating millions to a super PAC backing Donald Trump for President. Elon Musk is leadin…
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Talking Business #24 Interview with Leslie Chong from Imugene
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Euro recovers as left-wing coalition leads in French legislative election, financial concerns loom. Australia has some of the worst real wage growth of the OECD’s 38 member nations, lagging behind the United Kingdom, United States and Canada, exposing the federal government’s struggle to deliver on its election commitment to get real wages moving a…
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Talking Business #23 Interview with Deborah Rathjen from Carina
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Goldman Sachs and Morgan Stanley are among those taking a fresh look at how a Donald Trump victory in November could play out in the bond market, urging clients to position for inflation & higher long-term bond yields. Bank for International Settlements warns central banks to avoid cutting interest rates too soon owing to the risk of a fresh flare-…
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Talking Business#22: Interview with Scott O'Neill from Rethink Investing
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Australia’s monthly inflation rate increased to its highest level in 2024 in the latest indication that the Reserve Bank won’t be cutting interest rates soon and might yet hike again. Woolworths and Coles face billion-dollar fines under stronger grocery code The Liberals are furious with Matt Kean after he rejected their claims for Nuclear Power. H…
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Talking Business #21 Interview with Anthony McClure from Silver Mines
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"Yes, Everyone Really Is Sick a Lot More Often After Covid" It's not your imagination: Around the world, people really are getting sick more often than before the pandemic. The Reserve Bank of Australia keeps interest rates at 4.35% with potential hikes if inflation persists amid economic uncertainty, slow growth and federal and state government bu…
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Talking Business #20 Interview with Chris McNamara from Remote
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Peter Costello resigns. He is succeeded by Catherine West, a former Murdoch executive with Sky in the UK. The Chemist Warehouse-Sigma merger will give the company nearly half the market. Bain bids $1.83 billion for Bapcor amid market challenges. Bonza’s administrators sacks all staff as prospects for a sale dry up. Lion, one of the largest drinks g…
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Talking Business #19 Interview with Prakash Ramamurthy from Freshworks
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Rupert Murdoch locks in his fifth marriage (and his molecular biologist wife her third marriage). Just the odds! Australia’s GDP growth for the March quarter was an anaemic 0.1% So annual growth has slipped to 1.1%. Australia remains in a per capita recession as we have been since late 202 Yoga instructors, martial artists and dog handlers have bea…
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Talking Business #18 Interview with Steven McKeon from MacNerd
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Inflation has risen for a second month to 3.6% in the year to April, confounding expectations that consumer price growth would restart its downward trend: Lend Lease exits overseas markets, waving the white flag and finally agreeing with what investors have told it for years: it’s just too hard. Research has found that migrants in Australia are dri…
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Talking Business #17 Interview with Brad Adams from Rare Foods Australia
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RBA minutes confirm a tightening bias, but it's reluctant to hike. This, as consumer sentiment remains deeply pessimistic with just over half expecting rate rises to resume over the next 12 months. Macquarie Group economists estimate there is a 50% chance of recession this year, as the “trap” of high migration unwinds and high interest rates leave …
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Talking Business #16 Interview with Nick Smith from Smart Commmunications
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Chalrmer’s election budget promises inflation will give voters a Christmas by returning to the RBA’s 2-3% target by the end of the year. The question is whether the RBA agrees. Small business is likely to be underwhelmed by the Budget which only announced investment initiatives for select industries only. A big victory for Elon Musk. An Australian …
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Talking Business #15 Interview with Angela Ferguson from Future X Collective
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Higher for longer and rates might go up again: That's the message we’ve got from the Reserve Bank of Australia on interest rates. Rating agencies have put the Victorian government on notice after it revealed state debt would climb to $188 billion in a budget that failed to cut spending The scale of the Bonza collapse has been revealed in court with…
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Talking Business # 14 Interview with Ben Weiss from Olliv
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The cheap Aussie airline Bonza, which is majority owned by Florida-based private investment firm 777 Partners, has appointed a voluntary administrator to run the discount regional airline after the company behind its aircraft provider repossessed its planes in Australia Star Entertainment chair David Foster latest to depart amid Sydney casino inqui…
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Talking Business #13 Inrterview with Tim Gaspar from Hatch Financial Services
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Australia’s inflation comes in higher than expected at 3.6%. Service inflation is the main culprit holding back progress. Insurance premiums jumped by their most in 23 years, rents grew at their fastest annual pace face in 15 years, and education fees saw their largest quarterly rise in 12 years. You can forget about a rate cut this year! Australia…
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Talking Business #12 Interview with Justin Seskin from The Dom
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Tesla is slashing headcount by more than 10%, or 140,000 jobs, as part of a global retrenchment extending all the way into its executive ranks as the carmaker struggles with slowing demand for electric vehicles. Outgoing Woolworths boss Brad Banducci was threatened with six months in jail for contempt of the Senate after he refused to directly answ…
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Talking Business #11 Interview with Paul Bevan from Magic Valley
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In an important report, the IMF has found Australian households are more sensitive to changes in interest rates than virtually any other consumers globally because of the dominance of variable-rate mortgages, high levels of household debt and lax lending rules. The Albanese government will push insurers to cut costs for households that take steps t…
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Talking Business#10 Interview with Aaron McEwan from Gartner
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In an extraordinary development in the Lehmann vs Ten defamation case, a former producer on Seven’s Spotlight program besmirched Bruce Lehrmann’s credibility by alleging he had received perks totalling tens of thousands of dollars including a $361 steak and reimbursement for the cost of sex workers and illicit drugs before he signed an exclusive in…
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Talking Business # 10 Interview with Aaron McEwan from Gasrtner
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In an extraordinary development in the Lehmann vs Ten defamation case, a former producer on Seven’s Spotlight program besmirched Bruce Lehrmann’s credibility by alleging he had received perks totalling tens of thousands of dollars including a $361 steak and reimbursement for the cost of sex workers and illicit drugs before he signed an exclusive in…
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Talking Business #9 Interview with Matt Drum from Ndevr
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Data from research firms show the number of people using X daily is falling, more than a year after tech billionaire Elon Musk bought the app formerly known as Twitter. Australian unions will push for a 5% increase to the minimum wage for more than 2.9 million workers, while employers will demand a major pay slowdown to offset record increases that…
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Talking Business #8 Interview with Neil Woolrich from Gartner
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The RBA keeps rates on hold but says the board isn’t “ruling anything in or out” on interest rates. A new report forecasts housing supply to fall off a cliff over the next two years putting the Australian government further behind its ambitious housing targets. Uber will pay over $272 million to Australian taxi drivers to compensate them for lost i…
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Talking Business #7 Interview with Tim Rossanis from Turo
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Much to the dismay of Fed Chair Powell, US CPI is HOT. Headline CPI inflation increased 3.2% Y/Y, accelerating from 3.1% in January. After this data, Fed rate futures are pricing in only 1% odds of a rate cut at the next FOMC meeting. It also dents Biden’s re-election chances. CreditorWatch has warned more businesses will go under in the coming mon…
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Talking Business #6 Interview with Isaac Wolfe from Real Essentials
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China sets ambitious economic growth target of ‘around 5%’ for 2024, as leaders aim to restore confidence in faltering economy. Rocked by a series of money-laundering scandals, Australia’s casinos are looking beyond hard core gaming to a safer bet – tourists. Business-related personal insolvencies are on the rise, as personal guarantees catch up w…
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Talking Business #5 Interview with Richard Kirkman from Veolia
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Universities could soon be facing major funding changes as the biggest review of the sector in decades calls for a radical reshaping of the tertiary education sector. The tax office is investigating a suspected $180 million tax fraud by a top formwork contractor in the construction industry that could end up as the biggest tax fraud in Australian c…
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Talking Business #4 Interview with Matt Vitale from Birchal
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The banking oligopoly looks to be entrenched. It seems that the takeover of Suncorp bank by ANZ allowed by the Competition Tribunal despite ACCC objections. Competition law in Australia is a joke. Research undertaken by the OECD has concluded that those parts of the country with the highest level of migrants tend to have the highest productivity. F…
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Talking Business #3 Intervie with Nina Webster from Dimerix
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Sydney house prices force thousands of young families out of NSW, productivity commission says. At least 150 Australian Tax Office officials have been implicated in the TikTok tax fraud where tens of thousands of Australians learned how to game collecting GST. Australia is going after X. Communications minster, Rowland warns that when new laws are …
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Talking Business#2 Interview with Dr Ron Weinberger from EMVision
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Although the RBA maintained its cash rate at a 12-year high of 4.35% — as predicted by economists – its quarterly forecasts showed inflation will only hit the midpoint of its 2-3% target band in 2026. Looks like interest rate cuts could be some time away. Utes, four-wheel drives and other light commercial vehicles could be phased or priced out of t…
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Talking Business#1 Interview with Steph Shatz from Second Nature Program
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Hong Kong court orders liquidation of troubled Evergrande echoing Lehman Brothers' collapse. Banks, suppliers, and property owners in China take a massive hit. The real estate crisis poses a threat to its economy's recovery. Experts say Changes to Stage 3 means the government is aligning better to tax design principles and relieves pressure on fami…
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Talking Business #45 Interview with Ben Pfisterer from Zeller
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What does Chemist Warehouse's Australian merger mean? The long-term cost of the federal government’s debt interest bill has blown out by $80 billion since the May budget, overtaking the NDIS. Australia’s insurance giants warn premium costs will spiral beyond the reach of more households unless homes are relocated from high-risk areas & planning law…
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Talking Business #44 Interview with Tom Cornell from HireVue
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Chalmers appoints Bank of England economist Andrew Hauser as the next deputy governor of the RBA, a rare external appointment of an expert who will help shepherd the central bank through its biggest changes in decade Fallen war hero Ben Roberts-Smith has been dealt another huge blow, ordered to pay more costs in his failed defamation trial. ASX-lis…
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Talking Business #43 Interview with David Fairfull from Metigy
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Sam Altman is back at OpenAI as CEO, Greg Brockman, and the rest of the team is reinstated. Guess what? Open AI has new board members. Fresh RBA minutes from its Melbourne Cup Day meeting revealed the central bank had left the door open for further rate hikes should inflation prove persistent. Kelly Bayer Rosemarie has stood down as OPTUS CEO. She …
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Talking Business#42 Interview with David Chinn from Lexer
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Moody's changes the outlook of America's debt to negative, putting the US one step closer to losing its last perfect credit rating. Fears of soaring prices and shortages as Australian Federal Police investigate a major cyber-attack against Australia's ports. Optus, Telstra and other major telco boards required to sign off on a new or updated cyber …
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Talking Business #41 Interview with Steve Orenstein from Zoom2U
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Europe's PMI stats signal looming recession - darkest forecast since the financial meltdown & COVID slump. Unlucky 13. We have seen the 13th increase in official interest rates by the RBA since May last year. Cash rate now at 4.35% The number of Australian companies that collapsed in October soared 43%. ASIC sues TelstraSuper for failing more than …
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Talking Business #40 Interview with Scott McKinnel from Tenable
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The World Bank is warning that even a small disruption to crude supplies due to escalating Middle Eastern conflict could remove between 500,000 and 2 million barrels a day from global markets and reach $157 a barrel. A massive trade deal between Australia and the European Union appears all but doomed after "endgame" negotiations between the two sid…
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