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Speaker 1: Good morning, Happy Friday, and welcome to the Daily OS.

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Speaker 1: My name is Zara. I'm joined by Sam and before

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Speaker 1: we jump into these stories of the day, I will

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Speaker 1: take you through the COVID numbers. Yesterday in Victoria there

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Speaker 1: were one nine hundred and twenty three new cases. In

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Speaker 1: New South Wales there were two hundred and ninety three

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Speaker 1: new cases and in the Act just eight new cases.

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Speaker 2: Today, for the Deep Day, we're going to be talking

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Speaker 2: to Maddie and Sophie from your own Good Company about

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Speaker 2: all things inflations. But the top story today is that

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Speaker 2: Gladysbary Jicklin will appear at the New South Wales KAC

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Speaker 2: inquiry today. It's day ten of the hearing. The state's

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Speaker 2: corruption watchdog is investigating if Bera Jicklin breached public trust

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Speaker 2: during her relationship with former Wogga Wogga MP Darryl McGuire,

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Speaker 2: who appeared at the inquiry yesterday. We learned yesterday Bara

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Speaker 2: Jicklian told maguire she would quote throw money at Wogga.

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Speaker 1: Yesterday the federal government introduced a new piece of legislation

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Speaker 1: and this is about voter ID laws. The government says

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Speaker 1: that the proposed law will improve public confidence about the

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Speaker 1: integrity of voting practices and reduce the risk of voter impersonation.

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Speaker 1: Labour and the Greens have indicated very strongly in fact,

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Speaker 1: that they will vote against this proposed legislation.

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Speaker 2: Australia Post has revealed the deadlines Australians should meet if

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Speaker 2: they want their parcels to be delivered before Christmas. All

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Speaker 2: parcels sent via regular Post must be sent by the

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Speaker 2: thirteenth of December, which is my birthday, and parcels sent

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Speaker 2: via Express Posts can be sent a week after my

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Speaker 2: birthday on the twentieth of December.

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Speaker 1: The good news for our Victorian listeners out there is

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Speaker 1: that restrictions are set to ease from tonight, so from

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Speaker 1: six pm masks will no longer be mandatory outdoors, non

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Speaker 1: essential retail and gyms will reopen, and travel between Melbourne

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Speaker 1: and Regional Victoria will resume.

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Speaker 2: I've got Maddie and Sophie here from Your and Good Company.

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Speaker 2: They're joining us every second Friday to talk all things

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Speaker 2: financed guys. Interestingly, your podcasts have done the best of

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Speaker 2: daily oz podcasts, which is pretty interesting.

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Speaker 3: Ah, that's so nice.

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Speaker 2: People are obviously really resonating with how you're talking about

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Speaker 2: in the news, Maddie. We've seen a lot about inflation

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Speaker 2: in the news this week. Why is it hitting the headlines.

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Speaker 3: Yeah, so, inflation's in the news because the ABS data

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Speaker 3: that was released this week showed that the inflation rate,

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Speaker 3: or the average price of goods and services has risen,

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Speaker 3: meaning that prices in Australia are around three percent higher

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Speaker 3: than this time last year. So to set the scene

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Speaker 3: a little bit, the government has a target inflation band

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Speaker 3: of around two to three percent and they say this

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Speaker 3: is kind of like the ideal level over time to

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Speaker 3: support the Reserves Bank's goal of price stability and full

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Speaker 3: employment in the Australian economy. You might have heard people

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Speaker 3: talking about how interest rates have been so low in

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Speaker 3: Australia recently, and that is because keeping indust rates low

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Speaker 3: is one way to stimulate the economy and encourage spending,

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Speaker 3: which in turn leads to a rise in inflation or

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Speaker 3: an increase in prices of goods and services, which we

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Speaker 3: are seeing now.

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Speaker 2: And so to slow all of that down a little bit.

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Speaker 2: The ABS, the Australian Bureau of Statistics, they're the ones

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Speaker 2: who measure the inflation. Are they looking at things like

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Speaker 2: a bottle of milk, and whether a bottle of milk

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Speaker 2: is going up or are they looking at bigger things

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Speaker 2: like a house.

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Speaker 3: It's the average price of goods and services. So I

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Speaker 3: guess like the easiest way to think about it really

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Speaker 3: is your supermarket, but it can be a whole range

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Speaker 3: of things.

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Speaker 2: And is that where you think we as young people

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Speaker 2: would be feeling the inflation is somewhere like a supermarket?

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Speaker 4: Yes, So the CEO of Woolworth's has just actually come

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Speaker 4: out and spoken about inflation, saying that we're likely to

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Speaker 4: see the prices of our groceries rise over the next

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Speaker 4: three to six months and this is tailored off both

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Speaker 4: inflation rising but also the supply chain issues that we're

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Speaker 4: seeing the moment. So he said that will probably be

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Speaker 4: all set for Christmas, but post that period we might

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Speaker 4: set to see the rise and the impact on our groceries.

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Speaker 2: And we've talked a little bit about the supply chain

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Speaker 2: issues on the podcast and it sounds like the inflation

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Speaker 2: issues are hitting things like fuel and that type of

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Speaker 2: thing really makes a difference to how much disposable income,

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Speaker 2: especially young people have them in A tank of fuel

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Speaker 2: cost me eighty dollars the other day, and it was

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Speaker 2: a bit of a shock.

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Speaker 3: I was going to say, if you drive a car,

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Speaker 3: chances are you've already felt the van on this one,

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Speaker 3: because fuel prices have jumped seven point one percent in

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Speaker 3: the last quarter alone, so that one definitely hurts overseas.

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Speaker 2: And we had a new valuation on Tesla. How many

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Speaker 2: zeros do we have to think about with Elon Musk's company.

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Speaker 4: Now, don't ask me how many zeros because I have

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Speaker 4: no idea what one trillion is. But Tesla has surpassed

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Speaker 4: the one trillion dollar valuation mark when it's stock price

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Speaker 4: hit over one thousand dollars us D over the past week,

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Speaker 4: So that stock price really rose because they announced a

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Speaker 4: contract with Hurtz, the car rental company, saying that they're

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Speaker 4: going to be selling them one hundred thousand vehicles, So

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Speaker 4: it looks like they're becoming a little bit more accepted

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Speaker 4: in the market.

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Speaker 2: One trillion is a lot of money, and Tesla often

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Speaker 2: is highlighted for its hype and the way that it

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Speaker 2: does amazing branding. And I mean, whenever Elon must tweets anything,

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Speaker 2: it goes crazy. Is this a fair valuation or is

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Speaker 2: this also a bit of Tesla hype.

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Speaker 3: I think it really depends on how you view the company.

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Speaker 3: If you think of it as an auto company, then

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Speaker 3: the valuation really doesn't make a lot of sense because

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Speaker 3: Tesla only produces around five hundred thousand cars a year,

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Speaker 3: which is less than one percent of global car sales,

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Speaker 3: and they're now valued at seven times Volkswagen who owns Audi,

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Speaker 3: Porsche Lamborghini. But I guess if you think of Tesla

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Speaker 3: as more of a tech company that happens to make cars,

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Speaker 3: then the valuation starts to make a bit more. So.

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Speaker 3: Tesla is miles ahead part of the fun in terms

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Speaker 3: of the electric vehicle technology that they produce and use,

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Speaker 3: so they have a great revenue model for sustainable self driving,

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Speaker 3: and they also have the potential to earn money in

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Speaker 3: a way that no other automaker has been able to

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Speaker 3: do before.

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Speaker 2: And what else is on your minds both of you

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Speaker 2: for the week ahead? What finance stories are you guys

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Speaker 2: looking at.

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Speaker 4: It's currently reporting season in the US. Companies are posting

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Speaker 4: their Q three profits, So something that I'm going to

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Speaker 4: be watching is just some of the big companies I know,

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Speaker 4: Google came out with their profits the other day, and

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Speaker 4: I just want to be looking at how companies are

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Speaker 4: reacting to COVID lockdowns, how they're coming out of COVID lockdowns,

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Speaker 4: and just really seeing the general trend of the stock

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Speaker 4: market coming up to Christmas.

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Speaker 3: And I've got my eye on Crown this week. Their

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Speaker 3: share pass jumped almost ten percent on the news that

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Speaker 3: they all be allowed to keep its casino license, which

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Speaker 3: I thought was kind of confusing given the report said

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Speaker 3: that Crown was found unsuitable to hold a license. But

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Speaker 3: I think I've been given two years to sort of

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Speaker 3: clean up the act under new management, so I'll be

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Speaker 3: keeping close eye on that one.

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Speaker 2: Lots of billions and trillions of dollars flying around, whether

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Speaker 2: it be from Tesla, from our pockets when we're paying

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Speaker 2: for fuel, or from dodgy casinos. Sophie and Maddie, thank

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Speaker 2: you so much, have a wonderful weekend, and we'll speak

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Speaker 2: to you really soon.

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Speaker 3: Thanks.

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Speaker 4: Happy Friday.