1 00:00:00,160 --> 00:00:03,920 Speaker 1: Happy Friday, everybody. My name is Sam Kazlowski and welcome 2 00:00:03,960 --> 00:00:06,320 Speaker 1: to the Daily OS. It's been a really big week 3 00:00:06,360 --> 00:00:08,760 Speaker 1: of news. We've had everything from developments in the Britney 4 00:00:08,800 --> 00:00:13,320 Speaker 1: Spears case, a German election reduction in missions R Kelly, 5 00:00:13,920 --> 00:00:17,439 Speaker 1: and of course some COVID numbers. Yesterday's COVID numbers in 6 00:00:17,520 --> 00:00:21,599 Speaker 1: Victoria there were fourteen hundred and thirty eight cases, in 7 00:00:21,680 --> 00:00:23,800 Speaker 1: New South Wales there were nine hundred and forty one, 8 00:00:23,880 --> 00:00:25,960 Speaker 1: and in the Act there were thirty one new locally 9 00:00:25,960 --> 00:00:30,200 Speaker 1: acquired cases of COVID Zara. For our over sixty listeners, 10 00:00:30,240 --> 00:00:32,200 Speaker 1: what can you tell us about their vaccines? 11 00:00:32,680 --> 00:00:35,279 Speaker 2: I know they make up a big portion of our listeners. 12 00:00:35,400 --> 00:00:37,760 Speaker 2: So if you are over the age of sixty, you 13 00:00:37,800 --> 00:00:40,400 Speaker 2: can now go get the Pfizer or Maderna COVID nineteen 14 00:00:40,479 --> 00:00:45,280 Speaker 2: vaccine from today. Federal Health Minister Greg Hunt said expanding 15 00:00:45,280 --> 00:00:49,239 Speaker 2: this eligibility could help vaccinate more than three hundred thousand 16 00:00:49,280 --> 00:00:52,559 Speaker 2: older Australians who may have been hesitant over receiving the 17 00:00:52,600 --> 00:00:53,600 Speaker 2: Astrazeneka jab. 18 00:00:54,800 --> 00:00:57,279 Speaker 1: There was obviously a bit of shock yesterday in Victoria 19 00:00:57,400 --> 00:01:00,320 Speaker 1: with a really substantive jump in the number of COVID 20 00:01:00,400 --> 00:01:03,360 Speaker 1: nineteen cases, the biggest daily jump since the beginning of 21 00:01:03,360 --> 00:01:07,080 Speaker 1: the pandemic. More than five hundred of yesterday's fourteen hundred 22 00:01:07,080 --> 00:01:09,800 Speaker 1: and thirty eight cases in Victoria were linked to gatherings 23 00:01:09,840 --> 00:01:14,440 Speaker 1: over the AFL Grand Final weekend. Yesterday, Victorian COVID Commander 24 00:01:14,520 --> 00:01:17,760 Speaker 1: Jerone Weimar said contact traces have found that there were 25 00:01:17,800 --> 00:01:21,160 Speaker 1: significant numbers of illegal barbecues and backyard visits over the 26 00:01:21,160 --> 00:01:25,120 Speaker 1: long weekend, which contributed to Victoria reporting this record number 27 00:01:25,160 --> 00:01:26,040 Speaker 1: of daily cases. 28 00:01:27,160 --> 00:01:30,360 Speaker 2: The New South Wales local government area of snowy Manaro 29 00:01:30,760 --> 00:01:34,560 Speaker 2: entered lockdown yesterday. Snap restrictions will also apply to anyone 30 00:01:34,560 --> 00:01:38,320 Speaker 2: who's been in the LGA since September twenty second. The 31 00:01:38,319 --> 00:01:41,080 Speaker 2: New South Wales government also extended stay at home orders, 32 00:01:41,120 --> 00:01:44,640 Speaker 2: so lockdown for several regional areas of New South Wales, 33 00:01:44,720 --> 00:01:48,640 Speaker 2: including Bathurst and Burke, until at least the eleventh of October. 34 00:01:49,520 --> 00:01:52,680 Speaker 1: And today's good news comes to you from the northernmost 35 00:01:52,720 --> 00:01:56,680 Speaker 1: country in Africa. Tunisia has appointed its first ever female 36 00:01:56,760 --> 00:02:06,200 Speaker 1: Prime Minister, Nawa buden Ramane. Joined today by Maddie and 37 00:02:06,280 --> 00:02:10,400 Speaker 1: Sophie from Your and Good Company. They are a finance podcast. 38 00:02:10,440 --> 00:02:12,720 Speaker 1: I'm actually going to get them to introduce themselves to you, 39 00:02:12,760 --> 00:02:15,280 Speaker 1: because they're going to keep popping up on the podcast. Here, 40 00:02:15,440 --> 00:02:16,959 Speaker 1: Maddie and soph what are you guys about? 41 00:02:17,200 --> 00:02:20,000 Speaker 3: Yeah, so I'm Maddie and like you said, we are 42 00:02:20,160 --> 00:02:22,480 Speaker 3: the co hosts of Your and Good Company along with 43 00:02:22,520 --> 00:02:25,960 Speaker 3: my great friends Sophie. Here's with me today. We're an 44 00:02:26,000 --> 00:02:30,000 Speaker 3: investing podcast striving to disrupt the norms in the finance industry. 45 00:02:30,440 --> 00:02:32,920 Speaker 4: And why you should care about finance is because it 46 00:02:32,919 --> 00:02:35,800 Speaker 4: connects you to every other part of life. It's not 47 00:02:35,880 --> 00:02:37,520 Speaker 4: just about the numbers, but it means that you can 48 00:02:37,840 --> 00:02:40,760 Speaker 4: join more conversations pretty much about anything. 49 00:02:40,960 --> 00:02:43,280 Speaker 1: Well, you sound like the perfect people to help us 50 00:02:43,320 --> 00:02:46,560 Speaker 1: through some of the finance news of the week. Let's 51 00:02:46,680 --> 00:02:49,919 Speaker 1: chat through maybe one or two of the big stories 52 00:02:50,200 --> 00:02:52,640 Speaker 1: this week and how it connects to finance. We know 53 00:02:52,720 --> 00:02:57,200 Speaker 1: that there was a big election in Germany. Generally speaking, 54 00:02:57,960 --> 00:03:01,320 Speaker 1: how do elections influence stock markets? 55 00:03:02,000 --> 00:03:06,680 Speaker 4: So generally speaking, markets can be quite volatile around election time, 56 00:03:06,800 --> 00:03:09,400 Speaker 4: and it's just usually because there's a lot of hype 57 00:03:09,480 --> 00:03:12,359 Speaker 4: around what's going to happen with you know, monetary policy, 58 00:03:12,400 --> 00:03:14,959 Speaker 4: fiscal policy, where that government is going to be spending 59 00:03:15,000 --> 00:03:18,079 Speaker 4: their money in the future. So around election time you'll 60 00:03:18,120 --> 00:03:21,680 Speaker 4: usually see markets spike up and down and go around 61 00:03:21,720 --> 00:03:24,800 Speaker 4: and round, and it usually settles after a little bit 62 00:03:24,840 --> 00:03:27,040 Speaker 4: of time. But it's just because there's going to be 63 00:03:27,040 --> 00:03:29,240 Speaker 4: a change in how the spending is occurring with a 64 00:03:29,280 --> 00:03:29,880 Speaker 4: new government. 65 00:03:30,320 --> 00:03:32,880 Speaker 1: And so what have we seen this week in German markets? 66 00:03:32,880 --> 00:03:36,680 Speaker 4: For example, in German markets before the election, we saw 67 00:03:36,760 --> 00:03:39,480 Speaker 4: that the stock market was going up. I think people 68 00:03:39,480 --> 00:03:42,160 Speaker 4: were excited about potentially a new government that was going 69 00:03:42,200 --> 00:03:46,080 Speaker 4: to have a bit more relaxed policy monetary policy. But 70 00:03:46,440 --> 00:03:48,240 Speaker 4: they've kind of stabled out now now that the votes 71 00:03:48,320 --> 00:03:50,480 Speaker 4: come in and people are seeing that even though there's 72 00:03:50,480 --> 00:03:52,000 Speaker 4: a new government, it takes a long time to form 73 00:03:52,000 --> 00:03:53,640 Speaker 4: a coalition and actually see change. 74 00:03:53,720 --> 00:03:56,360 Speaker 1: And what's a big finance story you've got your eye 75 00:03:56,440 --> 00:03:58,280 Speaker 1: on in Australia this week? 76 00:03:58,480 --> 00:04:01,040 Speaker 3: I think it's really interesting to see I guess, like 77 00:04:01,080 --> 00:04:04,400 Speaker 3: the flow on effect of elections like this in Australia 78 00:04:04,480 --> 00:04:07,920 Speaker 3: markets we often see, like for example, the US election, 79 00:04:08,280 --> 00:04:12,120 Speaker 3: If you think back to the post Biden election, there 80 00:04:12,400 --> 00:04:15,200 Speaker 3: was a huge rally in Australian markets and we actually 81 00:04:15,240 --> 00:04:18,359 Speaker 3: saw some of the highest records in modern history. So 82 00:04:18,480 --> 00:04:21,000 Speaker 3: I think something that I'm really enjoying looking at at 83 00:04:21,000 --> 00:04:24,520 Speaker 3: the moment is how Australian markets are actually reacting to 84 00:04:24,560 --> 00:04:27,440 Speaker 3: this news in Germany and whilst it might not be 85 00:04:27,520 --> 00:04:30,520 Speaker 3: having the hugest impact, I think these dynamics and learning 86 00:04:30,520 --> 00:04:33,400 Speaker 3: about elections and the impact is something that's really interesting. 87 00:04:34,040 --> 00:04:37,000 Speaker 1: Do we tend to see reactions in Australian markets after 88 00:04:37,080 --> 00:04:40,479 Speaker 1: every election that happens anywhere in the world or is 89 00:04:40,520 --> 00:04:42,840 Speaker 1: there kind of a hit list of ten to twenty 90 00:04:42,960 --> 00:04:43,799 Speaker 1: that really matter. 91 00:04:44,279 --> 00:04:47,360 Speaker 4: Australia is a smaller economy, so we tend to follow 92 00:04:47,520 --> 00:04:51,640 Speaker 4: other larger economies out there. It's not necessarily every single country, 93 00:04:51,680 --> 00:04:54,520 Speaker 4: but you know, if Australia has big exporting or importing 94 00:04:54,560 --> 00:04:57,000 Speaker 4: relationships with countries, or if we're following some of the 95 00:04:57,040 --> 00:04:59,960 Speaker 4: bigger economies, as Maddie said, the US in the world, 96 00:05:00,040 --> 00:05:02,279 Speaker 4: that's and we'll tend to see the most volatility. 97 00:05:02,680 --> 00:05:05,320 Speaker 1: Moving on to other finance topics, now, have we seen 98 00:05:05,400 --> 00:05:09,240 Speaker 1: anything happen with the US debt ceialing crisis? Has that 99 00:05:09,320 --> 00:05:11,480 Speaker 1: made any sense to you guys, because it hasn't made 100 00:05:11,520 --> 00:05:12,520 Speaker 1: a lot of sense to me. 101 00:05:13,400 --> 00:05:16,039 Speaker 4: So you guys spoke about the debt ceiling crisis the 102 00:05:16,080 --> 00:05:18,440 Speaker 4: other day on your podcast, and it can be a 103 00:05:18,440 --> 00:05:21,520 Speaker 4: little bit confusing, but I know that the US is 104 00:05:21,520 --> 00:05:23,120 Speaker 4: saying that they're going to run out of funding by 105 00:05:23,160 --> 00:05:26,960 Speaker 4: October eighteen if they don't increase the debt ceiling, and 106 00:05:27,000 --> 00:05:29,480 Speaker 4: a similar thing is actually happening with the German elections 107 00:05:29,800 --> 00:05:32,039 Speaker 4: because they the Greens Party is trying to get rid 108 00:05:32,080 --> 00:05:34,200 Speaker 4: of their what they call debt break so that they 109 00:05:34,200 --> 00:05:36,640 Speaker 4: can actually spend more in the economy as well on 110 00:05:36,680 --> 00:05:40,440 Speaker 4: things like sustainability and public funding. But with the debt 111 00:05:40,480 --> 00:05:42,000 Speaker 4: ceiling in the US, I think we'll know a lot 112 00:05:42,040 --> 00:05:43,559 Speaker 4: more by the end of the week. 113 00:05:43,960 --> 00:05:46,080 Speaker 1: The big finance story last week, and we covered it 114 00:05:46,120 --> 00:05:49,480 Speaker 1: on the podcast in a chat with one of our journalists, Mariah, 115 00:05:49,640 --> 00:05:54,000 Speaker 1: was the near collapse of a Chinese property company called Evergrund. 116 00:05:54,520 --> 00:05:58,480 Speaker 1: It was meant to trigger this massive financial crisis all 117 00:05:58,520 --> 00:06:01,159 Speaker 1: around the world. Did we see that actually eventuate. 118 00:06:01,520 --> 00:06:03,360 Speaker 4: I think one of the things with this is that 119 00:06:03,480 --> 00:06:05,320 Speaker 4: there was a drop in the US markets and then 120 00:06:05,320 --> 00:06:09,560 Speaker 4: obviously global markets as well, but the crisis hasn't really 121 00:06:09,600 --> 00:06:12,840 Speaker 4: fully unfolded. It's still time will tell what's going to 122 00:06:12,880 --> 00:06:15,640 Speaker 4: happen with that, because if they can't pay back their debts, 123 00:06:15,640 --> 00:06:19,000 Speaker 4: there's potential that the market could collapse. But on the 124 00:06:19,040 --> 00:06:21,599 Speaker 4: same token, when we speak about investing and markets in 125 00:06:21,640 --> 00:06:23,919 Speaker 4: the long term, usually these are just little blips in 126 00:06:23,960 --> 00:06:27,520 Speaker 4: the system and we usually just see an overall increasing trend. 127 00:06:28,080 --> 00:06:30,680 Speaker 3: Yeah, I think Okay. Thing to remember around times like 128 00:06:30,720 --> 00:06:33,040 Speaker 3: this is that markets can be quite volatile and they 129 00:06:33,120 --> 00:06:35,520 Speaker 3: react to the news. But I know SOF and I 130 00:06:35,560 --> 00:06:38,440 Speaker 3: always talk about on the podcast as being investors for 131 00:06:38,520 --> 00:06:41,440 Speaker 3: the long term, and it's really important to remember at 132 00:06:41,440 --> 00:06:44,560 Speaker 3: times like this that if you hold and maybe you know, 133 00:06:44,640 --> 00:06:46,960 Speaker 3: sometimes it can be a good buying opportunity. We can 134 00:06:47,000 --> 00:06:49,920 Speaker 3: sometimes talk about buying in this stip, but I think 135 00:06:49,960 --> 00:06:52,800 Speaker 3: the most important thing to remember as investors is that, 136 00:06:53,200 --> 00:06:55,719 Speaker 3: like so I've said, short term blips, but over the 137 00:06:55,760 --> 00:06:58,159 Speaker 3: long term, history would say that things are going to 138 00:06:58,200 --> 00:06:59,320 Speaker 3: continue in the rap direction. 139 00:07:00,080 --> 00:07:02,600 Speaker 1: Last question from me, has there been a topic or 140 00:07:02,720 --> 00:07:05,120 Speaker 1: news story that you've come across this week that you 141 00:07:05,240 --> 00:07:08,920 Speaker 1: actually don't understand and need to learn more about. 142 00:07:09,680 --> 00:07:13,360 Speaker 3: I think for me, I saw crypto has crashed again, 143 00:07:13,840 --> 00:07:16,640 Speaker 3: and cryptocurrency is a space. It's just like a whole 144 00:07:16,720 --> 00:07:19,480 Speaker 3: other world. So I am starting to learn a bit 145 00:07:19,480 --> 00:07:21,640 Speaker 3: more about it and I'm finding it super interesting. But 146 00:07:21,720 --> 00:07:23,920 Speaker 3: when I saw it crushed again, it was like, oh gosh, 147 00:07:23,960 --> 00:07:24,640 Speaker 3: what this time? 148 00:07:25,600 --> 00:07:28,800 Speaker 4: And for me, I would say that Nike this week 149 00:07:28,880 --> 00:07:32,000 Speaker 4: slashed its forecasted earnings and it has to do with 150 00:07:32,080 --> 00:07:36,040 Speaker 4: supply chain issues and to do with experts out of Vietnam, 151 00:07:36,280 --> 00:07:38,160 Speaker 4: and I want to look more into the space of 152 00:07:38,200 --> 00:07:40,320 Speaker 4: what's really happening with the supply chain and where it's 153 00:07:40,320 --> 00:07:41,400 Speaker 4: going to be headed in the future. 154 00:07:42,000 --> 00:07:44,240 Speaker 1: We're going to be joined by Maddian Sophie every couple 155 00:07:44,280 --> 00:07:46,680 Speaker 1: of weeks for a bit of a dive into the 156 00:07:46,680 --> 00:07:49,160 Speaker 1: world of finance, because they know a lot more than 157 00:07:49,200 --> 00:07:51,720 Speaker 1: I do. And in the meantime, you can listen to 158 00:07:51,920 --> 00:07:54,240 Speaker 1: your and Good Company wherever you get your podcasts or 159 00:07:54,280 --> 00:07:57,440 Speaker 1: follow them on Instagram. They put up really good finance 160 00:07:57,480 --> 00:08:01,200 Speaker 1: explainers that perfectly complement the daily yours diet. Maddie and 161 00:08:01,320 --> 00:08:03,400 Speaker 1: so have an excellent week and we'll speak to you soon. 162 00:08:03,440 --> 00:08:04,560 Speaker 3: Thanks for having us. 163 00:08:04,600 --> 00:08:05,400 Speaker 4: Happy Friday.