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Speaker 1: Shane solely harbor asset management is with me, Elo Shane. Yeah,

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Speaker 1: hell so going good, Thank you mate. Kevin Walsh is

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Speaker 1: the peck Trump's pick for the US Federal Reserve chair.

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Speaker 1: What do you reckon this means for investors? Well, yeah, so,

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Speaker 1: mister Walsh, he's seen as being less supportive of deep

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Speaker 1: rate cuts and more worried about inflation. So in central

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Speaker 1: banker speak, he's more hawkish, more consiertive than some of

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Speaker 1: the other appointees that mister Trump was considering back in

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Speaker 1: the GC pack past. You know, with the global financial

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Speaker 1: crisis two thousand and two thousand and six to two

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Speaker 1: thousand and eleven, he acted as the central banks behind

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Speaker 1: the scenes guy with Wall Street. So he's got good

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Speaker 1: credit body, but he's actually committed to it. I didn't

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Speaker 1: like what happened. I have to bail out that all

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Speaker 1: this quantity of easing that didn't get the right signals

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Speaker 1: actually distilled a price and encourages excessive risk taking. So

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Speaker 1: him coming in is quite an interesting choice. He is

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Speaker 1: definitely not going to be this guy that's going to

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Speaker 1: look to bail out businesses like back the post use,

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Speaker 1: so quite different. And so how have the markets reacted

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Speaker 1: to it. Yeah, because he's a bit more hawkish, bit

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Speaker 1: more conservative. We've actually seen the US dollar rally, you know,

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Speaker 1: has been under a lot of pressure. It's been quite

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Speaker 1: weak over January, and we've seen a massive sell off

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Speaker 1: in the gold and silver prices because of mister Wassh

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Speaker 1: is a bit more hawkish. Back on Friday when this

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Speaker 1: came out, US money markets didn't make big changes, the

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Speaker 1: interest rates didn't move around a heck of a lot,

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Speaker 1: still picking two fed rate caps in twenty six. As

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Speaker 1: I say, we do see commodity prices come onder a

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Speaker 1: bit of pressure, and that's actually continued today here. That

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Speaker 1: so we've seen gold and silver down another ten percent today.

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Speaker 1: Gold's actually down almost fourteen percent in the last few days,

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Speaker 1: down to just under four thy six hundred dollars US

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Speaker 1: announce and silver has gone from one hundred and sixteen

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Speaker 1: dollars an ounce to seventy seven. A lot of speculation

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Speaker 1: coming out of that. Not much reaction here in New Zealand,

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Speaker 1: pretty quiet, but there is a little bit. We're going

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Speaker 1: to be careful that mister Wassh he may not be

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Speaker 1: as hawkish as we all think he is. There's already

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Speaker 1: this chante of we may be in a washing machine,

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Speaker 1: play on this to wash his name for a little

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Speaker 1: while until we know how this policy starts roll through.

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Speaker 1: But nonetheless we've seen a bit of a bit of

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Speaker 1: a reaction in particularly in those commodity prices. Hey, now

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Speaker 1: cat Man Dou's provided a trading update today, how the

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Speaker 1: market react to that? Yeah? Look, camp Mands obviously a

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Speaker 1: bit of a been under some pressure. They've been fixing

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Speaker 1: the business, turning around work a lot harder, better numbers,

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Speaker 1: better sales numbers, a bit like Michael Hall last week.

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Speaker 1: Better Michael will also come out with better sales numbers.

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Speaker 1: But they both had to cut profit margins to do it.

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Speaker 1: So cutting prices to stimulating activity, more promotional activity. So

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Speaker 1: in cat Mandu's case, their gross margin foul one percent

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Speaker 1: to fifty six point seven percent. They're sort of held

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Speaker 1: their earnings profit guidance, which is positive, better sales number.

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Speaker 1: That's important at the moment there is about them rebuilding confidence.

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Speaker 1: This is that they can grow. I didn't stop the

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Speaker 1: year price from following our unfortunately about down three point

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Speaker 1: six percent to twenty seven cents per year. Bringing Hey, listen,

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Speaker 1: thanks for running US through Shane. Always appreciate your time

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Speaker 1: at Shane Solely Harbor Asset Management. For more from Hither

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Speaker 1: Duplessy Allen Drive, listen live to news talks it'd be

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Speaker 1: from four pm weekdays, or follow the podcast on iHeartRadio