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Speaker 1: Good morning everybody, and welcome to the Daily OS. It

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Speaker 1: is Tuesday, the twenty eighth of June. I hope everybody

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Speaker 1: has had a stellar start to the week. On today's podcast,

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Speaker 1: we are joined by Maddi and Sophie from Your Own

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Speaker 1: Good Company. They're going to talk us through the move

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Speaker 1: of tech companies towards health products, as well as a

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Speaker 1: look at what a bear market is and why we're

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Speaker 1: suddenly talking about animals when we're talking about the stock market.

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Speaker 1: All to be revealed there. Billy, first up, tell me

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Speaker 1: where is our prime minister? Off to now?

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Speaker 2: Prime Minister Anthony Alberizi has traveled to Europe, where he

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Speaker 2: will meet with the leaders of Western Military Alliance NATO

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Speaker 2: to discuss the conflict of Ukraine. Australia is not a member,

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Speaker 2: but has joined NATO in supporting Ukraine and sanctioning Russia.

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Speaker 2: Alberizi is also considering an invitation from Ukrainian President Vladimir

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Speaker 2: Zelenski to visit Ukraine.

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Speaker 1: Two more local news Now and New South Wales Premier

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Speaker 1: Dominique Perrete has called the climate activists obstructing peak hour

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Speaker 1: traffic on Monday morning bloody idiot who should face the

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Speaker 1: full force of the law. That's his words. Protests from

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Speaker 1: Blockade Australia disrupted traffic in the Sydney CBD and Harbor

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Speaker 1: Tunnel as part of a week long disruption that is

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Speaker 1: set to continue today.

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Speaker 2: The federal government has announced it will cut the number

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Speaker 2: of taxpayer funded staff that independent and minor party members

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Speaker 2: of Parliament can employ. Prime Minister Anthony Alberizi said the

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Speaker 2: previous staffing levels were quote not sustainable and that sacrifices

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Speaker 2: have been made across the board. Independent MP Zali Stegl

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Speaker 2: has called it a quote damning display of poor judgment.

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Speaker 1: And today's good news comes from the US, which is

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Speaker 1: very nice to say that there's also good stuff that

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Speaker 1: happens there. US Congress has passed legislation that will extend

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Speaker 1: free meals and food assistance for children one week before

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Speaker 1: the pandemic inspired waivers were set to expire. The measure

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Speaker 1: will extend the free meals until the end of August.

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Speaker 1: We're joined on today's podcast by Sophie Maddie from Your

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Speaker 1: Own Good Company, a really fantastic podcast on all things

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Speaker 1: finance and business. It's a great entry point for listeners

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Speaker 1: who want to learn a little bit more past the

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Speaker 1: daily os on the world of investing and the stock market. Sophie,

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Speaker 1: I wanted to start with you. Today, a lot more

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Speaker 1: tech companies are changing direction, and this obviously comes on

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Speaker 1: the back of some of these tech companies struggling a

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Speaker 1: little bit with new valuations and pressures in this new

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Speaker 1: economic landscape. Where are they turning their attention?

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Speaker 3: Well, Sam, I've got to ask you first, how many

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Speaker 3: times have you used Google to work out what your

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Speaker 3: symptoms are when you're sick?

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Speaker 1: Yeah? When I have weird rashes, I just what do

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Speaker 1: I have?

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Speaker 3: I mean, I'm definitely the type of person that will

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Speaker 3: look it up and it will give you the kind

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Speaker 3: of inside of like, yep, you pretty much have cancer.

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Speaker 3: But it's no surprise that tech is actually moving into

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Speaker 3: the healthcare space. I think for a bit of background,

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Speaker 3: the healthcare industry has been long protected from disruption given

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Speaker 3: the dominance of you know, drug mate, pharmacies and other

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Speaker 3: parties that benefit from health care profits. And the reason

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Speaker 3: really for this is that there's few industries large enough

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Speaker 3: to actually disrupt the world's largest sector. But over the

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Speaker 3: past couple of years, America's largest technology companies have spent

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Speaker 3: more than three billion on speculative healthcare investments. We've seen

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Speaker 3: the likes of Amazon run an online pharmacy. We've seen

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Speaker 3: Apple continually update their health features on devices such as

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Speaker 3: the Apple Watch. Microsoft has been involved, but I think

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Speaker 3: the really big player in all of this is Google.

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Speaker 3: Alphabet Google's parent company has actually invested in one hundred

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Speaker 3: deals in the life sciences and healthcare space between twenty

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Speaker 3: nineteen and twenty twenty one and injected more than one

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Speaker 3: point seven billion into futuristic health ideas.

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Speaker 1: And as the rationale here that health is always going

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Speaker 1: to be something that we spend money on, and it's

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Speaker 1: kind of just this almost evergreen part of the economy

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Speaker 1: that is immune from things like Ukraine or rising interest

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Speaker 1: rates and that kind of stuff.

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Speaker 3: So I think as well, what we saw over COVID

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Speaker 3: is that the healthcare industry really adapted quite quickly to technology,

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Speaker 3: and we've been definitely seeing a rise in the overlay

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Speaker 3: between consumer technology and medicine. So I feel like a

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Speaker 3: lot of these technology companies feel like they're in a

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Speaker 3: position where, you know, they could potentially make a profit

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Speaker 3: out of different types of health care sectors. You know,

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Speaker 3: for example, a massive sector that we're seeing at the

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Speaker 3: moment is wearables, and in twenty nineteen, Google actually acquired

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Speaker 3: fitbit for two point one billion dollars, which is just

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Speaker 3: a huge valuation. And you know, one of the features

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Speaker 3: that they've added to that is a sensor which will

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Speaker 3: monitor your heart for strokes and other heart failures, which

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Speaker 3: has actually been approved by America's FDA, the Food and

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Speaker 3: Drug Administration. And I think because of things like this,

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Speaker 3: they're starting to see, well, can we add like software

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Speaker 3: as a medical device to I guess like regulatory classifications.

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Speaker 1: And the thing that always comes up from a consumer

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Speaker 1: point of view when we're talking about tech and healthcare

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Speaker 1: is things like data privacy and data retention and what

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Speaker 1: they're actually doing with our health data. Has Google ever

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Speaker 1: come under the microscope for any of that sort of stuff.

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Speaker 4: Yeah?

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Speaker 3: Absolutely. I think all of the big tech companies, including Google,

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Speaker 3: have definitely come under the microscope. I think, when you

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Speaker 3: think about it, healthcare data is probably the most sensitive

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Speaker 3: data and a lot of these big companies already have

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Speaker 3: so much data on us, so I think, you know,

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Speaker 3: although Google is a household name, I think they're going

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Speaker 3: to face a lot of privacy issues when it comes

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Speaker 3: to trying to create the medical sector, and just because

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Speaker 3: it is that household name, it doesn't mean that it

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Speaker 3: has technical excellence in running a healthcare company.

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Speaker 1: A really interesting space for tech to move into, and

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Speaker 1: I only see it getting stronger as tech companies need

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Speaker 1: to prove their worth more and more in this interesting

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Speaker 1: new era of valuations and unicorns and all of that

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Speaker 1: kind of stuff. Maddie, let's turn to you. Now. We've

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Speaker 1: been hearing a lot of animal chatter in the world

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Speaker 1: of finance. What's a bear Yes, So.

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Speaker 4: If you do have some money invested in the share market,

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Speaker 4: you might have noticed that it's in a bit of

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Speaker 4: strife at the moment, and that is because the US

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Speaker 4: has officially entered a bear market and Australa isn't too

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Speaker 4: far behind. So put simply, a bear market is a

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Speaker 4: terms to describe when the market is down twenty percent

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Speaker 4: or more from its most recent all time high. So

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Speaker 4: the S and P five hundred, or just the largest

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Speaker 4: five hundred companies in the US, has fallen around twenty

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Speaker 4: four percent since it's peaking January this year. Asceeller isn't

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Speaker 4: quite there yet, but we do tend to trend in

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Speaker 4: the same direction as a US for some context, because

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Speaker 4: I think it is always quite helpful to understand there

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Speaker 4: have been fourteen bear markets that pull the US market

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Speaker 4: down an average of thirty percent, and whilst we don't

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Speaker 4: know how long it's going to last, according to Seeking Alpha,

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Speaker 4: the average length of time is around two hundred and

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Speaker 4: eighty nine days or around nine and a half months.

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Speaker 1: And explain to me what a bear market and I

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Speaker 1: know the opposites of bull market, what that actually means.

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Speaker 4: Yeah, so bear market is when the market's down twenty

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Speaker 4: percent or more from its most recent high, and a

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Speaker 4: bull market is when share prices are rising. So basically

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Speaker 4: what we've seen over the last couple of years.

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Speaker 1: And so what is your kind of I know we

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Speaker 1: don't do financial advice strictly, but what should investors be

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Speaker 1: doing when it's a bear market?

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Speaker 4: I really think it is so important to keep calm

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Speaker 4: and remember your long term perspective. I read a quote

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Speaker 4: the other day that talked about how bear markets have

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Speaker 4: historically been a fantastic buying opportunity for long term investors,

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Speaker 4: and I do think that if you're willing to invest

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Speaker 4: one hundred dollars or one thousand dollars a month during

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Speaker 4: the past few years when the market was in its

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Speaker 4: bull run or at its hires. If you're in a

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Speaker 4: financial position to do so, you know, just really reassess

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Speaker 4: where you're at at the moment and reassess your financial goals.

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Speaker 1: Some really interesting insights from Maddie and Sophie from your

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Speaker 1: own good company. Is there a finance story that either

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Speaker 1: of you are looking at in the weak ahead?

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Speaker 3: I am actually looking into Quantus have come out saying

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Speaker 3: that they're going to be transitioning some of their fuel

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Speaker 3: to sustainability fuel or sustainable fuel, and I really want

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Speaker 3: to understand what that looks like and what's the components

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Speaker 3: behind it, and if you know they can do it,

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Speaker 3: and if they've set this target by I think it's

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Speaker 3: twenty thirty, then why aren't we doing it sooner? And

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Speaker 3: why more companies jumping on board?

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Speaker 1: I read an interesting piece about Quantas last night on

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Speaker 1: what a twenty hour economy flight would look like, and

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Speaker 1: there wasn't a lot of legroom in the article, So

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Speaker 1: we'll see how that goes. Maddie, what is on your agenda?

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Speaker 4: Ah? Well, ZIP shares fell another eleven percent last week,

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Speaker 4: meaning they are down ninety percent since the start of

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Speaker 4: the year due to some other issues that buy now,

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Speaker 4: pay Later company HUM is having at the moment, So

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Speaker 4: I'll be watching that one to say, if buye now,

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Speaker 4: pay later is gonna ever come back, I don't know.

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Speaker 3: Are you watching your own stocks there, Mats?

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Speaker 1: Maybe maybe they could do with some sustainable fuel to

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Speaker 1: fire them up over what is going to be a

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Speaker 1: long journey ahead. Maddie and Sophie from your Own Good Company,

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Speaker 1: Thanks so much for joining us on the Daily Ours

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Speaker 1: this morning. That's all we've got time for on today's episode.

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Speaker 1: If you enjoyed what you we'd love a rating on

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Speaker 1: Spotify or a review on Apple. It means a lot

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Speaker 1: to us as independent media. Have a great day and

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Speaker 1: we'll speak to you tomorrow