Latest / The Curve / TCW19: SUPER incredible news has come out of the UK for women in the workplace

Transcript

TCW19: SUPER incredible news has come out of the UK for women in the workplace · The Curve

• 0:00
  Hi and welcome to the Curve Weekly. The podcast that keeps you up to date with all the money,
• 0:06
  business and stock market tea. Everyone should experience for us at least once in their lives
• 0:10
  and Annie shouldn't miss out just because she can't afford it. Help me, I'm poor.
• 0:15
  Third time lucky. Third time lucky. So how did you take the course this morning?
• 0:22
  I don't know why we started these records at 8.30 and it's like I feel like every record
• 0:28
  we should put in the calendar for half an hour before it's honestly we have so many
• 0:32
  technicals. Oh gosh. The joys of a starter. And also recording remotely. My mum was like yesterday
• 0:41
  because I'm done in Aratown have been sitting here for the weekend which has been so nice and
• 0:44
  she was like oh can't you just record in a cafe on the way to the airport and I was like oh mom
• 0:49
  you don't get us she was like no no I was like no I can't sorry like there's just too much
• 0:52
  gear she was like oh but but what if you just get like a quiet corner and I was like no mum like
• 0:57
  we've got three tripods here up we've got our phone we've got the computer we've got all sorts of
• 1:02
  shit it's just like it's not happening in a cafe yeah it's not happening anyway how was your weekend?
• 1:08
  Good yeah didn't spend a lot of time with my mum for Mother's Day unfortunately. Bad daughter.
• 1:14
  No but when we were really cool romantic spots yes actually those she went on a romantic
• 1:26
  weekend away quite cute. I'm hardly romantic you're wearing thermals and beanies but yeah no it was
• 1:33
  very it was so beautiful it was actually amazing to be in nature we arrived at this cabin so it's
• 1:41
  at Raglan which is kind of like southwest of Auckland and on the west coast and they say don't
• 1:46
  arrive after dark and unfortunately the traffic getting out of Auckland was horrific and so we arrived
• 1:51
  after dark and it was like the blind letting the blind honestly it's this way no it's this way
• 2:00
  and I was in the most inappropriate attire like I'd left straight from work so I was in like
• 2:06
  white jeans slides in the bush in the dark trying to navigate oh it was quite hilarious but
• 2:13
  so you arrived trying to look romantic and then the rest of the weekend was like
• 2:16
  being in the park yes yes no it was yeah it looked beautiful is it that unyoke one of those
• 2:27
  unyoke spots yes yeah they've got them all around the world I think yeah and it was
• 2:32
  they've got them in London yeah I think or in the UK they're in Australia and so nice to get off
• 2:38
  the grid so everything is solar powered gas that we cooked over an open fire you know all that kind
• 2:43
  of stuff was really did you feel how do you comforts on no I loved it I'm just like imagining you
• 2:51
  can we just order a sabit I mean we did pop into Raglan I was like should we go for a drink
• 2:57
  we're just driving to town and go for a wine go have a margarita but no it was it was really
• 3:03
  relaxing the sun rises and the sunset like over the air it's just amazing yeah oh how beautiful
• 3:10
  and you repeat on the relationship set I mean had mother say dinner with my mother just ignoring
• 3:16
  that question Sophie I know oh I'm down an arrow town I've had the most divine weekend with my
• 3:25
  mother we can you see the mountains behind me try to purposefully park up for this record so
• 3:31
  that you could see the view yeah can you see behind me oh my gosh it's tribal current no it's not
• 3:42
  but it was so nice see everyone like I went for we went for a walk round lake haze yesterday
• 3:47
  and I just decided I was like I'm gonna go for a swim I swim I should see photos this
• 3:52
  photos of me just fully nodes swimming and like guys at like two in the afternoon oh my god
• 3:58
  you crazy I was standing on a pontoon naked and I was just yelling like I love being naked
• 4:07
  oh my gosh different psych oh that lady over there she's a bit crazy oh god yep um hey well
• 4:16
  we're both refreshed we've been in nature markets markets markets so in the U.S not so good last
• 4:25
  week but one index the NASDAQ was up the other index the S&P 500 was down and then in
• 4:33
  Australian New Zealand they were up about half a percent so yeah pretty pretty okay in terms of
• 4:38
  the markets but we are still in reporting season in the U.S so this is when companies report their
• 4:43
  results and we had Disney so Walt Disney came out and their result wasn't great this year's
• 4:52
  were down about ten percent last week and no not Disney I can't even rude to Disney I don't know
• 4:58
  why I just sort of want them to do well the happiest place in the world is that this Logan I'm not sure
• 5:04
  why that has Disneyland that's Disneyland anyway they own Disneyland but the sheer price for was all
• 5:08
  off the back of the fact that they had really poor subscriber growth and Disney plus remember how
• 5:13
  they had the old CEO come back Bob Iger yes so this is this is the first result that he's had since
• 5:19
  he's been been back so not a good start but you do find that with a lot of CEOs that come into a CEO
• 5:26
  role at a company they do kind of like to I guess I'll just call it like clear the decks you know
• 5:32
  start from scratch so that's really badly and then we can show investors and you know customers
• 5:40
  and everyone else you how well we can do under my leadership if that makes sense so there is usually
• 5:46
  when you get a new CEO come in he wants to he or she wants to bring about change so they want to
• 5:52
  make changes and really put their mark on the company so usually you do see a bad result or two
• 5:57
  but yeah this was all off the back of subscriber numbers at Disney plus they they lost four million
• 6:03
  subscribers in the quarter so that's a lot of people share that and this is all around the
• 6:12
  fact that they increase prices so naturally you're going to have some people saying you know that's
• 6:17
  too much too much for me or I'm only going to have Netflix or Disney plus not both and that kind of
• 6:23
  thing but that was a lot bigger than what the market was expecting the market was expecting it
• 6:30
  to grow by about two million so that's about a six million dollar sorry six million subscriber
• 6:36
  difference so that's why the share price was off about 10% last week yikes yikes but they do have
• 6:44
  they've got 160 million subscribers which is quite good compared that to Netflix I mean Netflix
• 6:50
  has got 233 million so quite a big difference but I mean it's still a lot of people that have
• 6:56
  Disney plus do you use Disney plus I for the Kardashians yes
• 7:07
  Disney plus owns Hulu as well so they've got a few in this ESPN which we I don't think we can
• 7:12
  get in New Zealand but they have a few different platforms but when I'm talking about the
• 7:18
  subscribers I'm just talking about the Disney plus subscribers and they actually announced that
• 7:22
  they got to put through another price increase which means you know this could have that's good
• 7:26
  for profitability because it means that it means more revenue but if you don't have as many people
• 7:31
  subscribing that also impacts revenue so you're kind of it's you've got to play a careful game when
• 7:36
  you're increasing prices with any products I wonder what the reason of increasing is like if they
• 7:42
  think their product is worth more we've also seen like Netflix is increased as prices
• 7:47
  Apple plus is increased as price you a lot of them are increasing their prices
• 7:51
  due to inflation but this is the thing they've got these two parts of the business so
• 7:55
  you've got the streaming business and then you've got the theme parks and experiences business
• 7:59
  one did really well through COVID one did terribly and now you're seeing that reverse
• 8:04
  in terms of which one's doing well in which one's not so it's quite good to have that diverse
• 8:08
  business model that Disney has and so yeah we're seeing the theme parks and experiences
• 8:14
  and products all all do really well so that's helping the business overall.
• 8:17
  In other news we had palaton do you know what palaton is the bikes yes okay I just don't know
• 8:24
  did I know if you knew but that's good six and a six we died on a pattern yes yeah well done
• 8:30
  yeah so there's this interactive fitness company and they their main product is interactive
• 8:35
  fitness on bikes and they sell the actual bike and then they sell the software where you can
• 8:39
  like login and you can ride virtually with lots of lots of other people and it did fantastically
• 8:44
  well during COVID because everyone was having to exercise at home but still wanting that
• 8:48
  connection with other people and so it did so so so well but last week its share price fell about
• 8:53
  9% as it announced a recall of over two million exercise bikes so this means this is bikes that
• 9:02
  they've sold people were enduring themselves I think it was something to do with the seat
• 9:07
  so the seat was unexpectedly breaking and so they had to recall over 2.2 million exercise bikes
• 9:16
  which is not only an administrative nightmare but that is all lost revenue you've just spent all
• 9:23
  that money making them selling those bikes you've got to recall them and then give and then replace
• 9:27
  them or repair them and so it's a huge huge huge distraction for the company and it was for
• 9:33
  bike sold in the US from 2018 to 2023 so that's a long period of time and they also announced a
• 9:41
  really terrible result so they're losses so they're not profit making yet so their losses are
• 9:48
  continuing to increase and it saw its first ever drop in subscribers this quarter so again we're
• 9:56
  seeing yeah people are probably making those tough decisions of what subscription should I keep
• 10:01
  subscribing to and which ones shouldn't I and unfortunately peloton and disney are two that people
• 10:06
  are obviously cutting back on like as I'm confused as to how that many bikes got out there into the world
• 10:12
  with seats that break you know or need to be recalled like that's a lot of the people that
• 10:17
  that's gone through and imagine how annoyed you'd be with the design team and ever on that kind of
• 10:21
  okay did oh and someone someone's head will definitely roll like you know there'll be people that will
• 10:27
  be fired for that and stuff because that is a huge cost for the business I'm almost surprised
• 10:32
  that the share price didn't go down more to be honest I mean 9% it's not even that considering
• 10:37
  what an absolute colossal disaster that is having to recall that many millions of miles but if we
• 10:45
  look at where the share price the share price so they IPO's which is when they first went public
• 10:50
  in September 19 so this is just before you know kind of six months before COVID hit the company IPO
• 10:58
  $25 a share at then went up to $160 from $25 to $160 while that is huge December 2020 was that $160
• 11:10
  mark and now it's $7 so it's already fallen yes you're so right this is this seems massive and the
• 11:19
  share price should fall way more than that but if you look if you zoom out and kind of look at the share
• 11:24
  price over the last couple of years it's already fallen from $160 to $7 so people aren't really pricing
• 11:32
  and a lot of growth for peloton with a $7 share price if that makes sense I don't think peloton
• 11:40
  would be one I'd be investing in personally good to know would you I mean there is there is a
• 11:50
  merit investing in companies that whose share prices have fallen so much because it's kind of like
• 11:54
  the probability of it falling further versus going up but it's all around if your product's faulty
• 12:02
  and getting that trust back from customers is really really difficult you know so that can take
• 12:07
  a long time to build back up that brand as this premium kind of exercise equipment true and so
• 12:15
  it's it depends if they can build that build that back up that would be the deciding factor that
• 12:20
  I would have to make if I was to buy shares in peloton at this level interesting and then lastly
• 12:26
  we had Twitter so remember Twitter is not a public company anymore but it still is in the headlines
• 12:32
  a lot because of Elon Musk and all the stuff that he's doing there so he has announced that he is
• 12:38
  stepping down as CEO but he's moving to executive chair person so that just means he is going
• 12:46
  he's he's going to be on the board so still going to make some you know some questionable
• 12:52
  decisions still going to be able to make yeah crucial decisions but he's not going to be able to
• 12:56
  he's not going to be on the day-to-day running of the business as CEO so he's got a new female CEO
• 13:02
  her name is Linda and she's she's going to start so she comes from media media company but
• 13:10
  why this is relevant is because Tesla's share price rose after this because people were happy
• 13:18
  all Tesla shareholders were really happy that they're like yay finally he's not going to be as
• 13:22
  distracted trying to run Twitter while also trying to run Tesla yeah so that was a good
• 13:27
  ness because the Tesla shares looking a little bit sad still to be honest I haven't checked my
• 13:32
  portfolio in a little bit but my Tesla shares are down down but also like in ECO running running
• 13:39
  at two businesses like that is nobody has left there's only 24 hours in a day Elon this is one
• 13:47
  of those times that I wish there was those you know how you're like you never know there's no
• 13:50
  crystal ball gazing but it's like if I'd known this if I'd known I would have probably
• 13:57
  invested more in my Tesla shares I know but then if we had crystal ball then yeah that wouldn't
• 14:03
  that wouldn't be that fun maybe just if you like I had a crystal ball oh gosh the things I would
• 14:08
  ask it what would be the first thing I'd ask oh surely love life when do I die oh would you
• 14:14
  actually ask that no I would not want to know we played that we are really strangers game in the
• 14:20
  weekend oh gosh we are not really strangers we had a few margaritas so how fun is that yeah there
• 14:34
  was one question in there it was like would you rather would you like to know if you when you
• 14:38
  were going to die I was like oh and then I said no because I was like imagine knowing that you're
• 14:45
  going to die tomorrow or even knowing you're going to die when you're hundred like it's still
• 14:49
  I don't know yeah I wouldn't want to know would you rather love life or stop market oh that's a
• 14:56
  god oh that's a god oh that's hard stop market oh honestly maybe stop
• 15:08
  never thought I'd see the day I'd be super wealthy I'd have the best portfolio
• 15:14
  god I'll just buy a present actually yeah oh gosh okay what else happening in the markets
• 15:24
  another quick little thing well it's not a quick little thing actually it's a massive deal which
• 15:29
  is really really awesome there's companies in the UK now that are offering IVF and like fertility
• 15:36
  tests and all these fertility benefits when you apply for a job now so it's all come about from
• 15:43
  the fact that getting staff is really hard at the moment you know there's really low unemployment
• 15:48
  so you really have to attract new staff with not only money benefits so you know higher salaries
• 15:55
  but also lots of other things and so what they're doing in the UK is they're seeing an increase
• 16:00
  in job offerings that are offering egg freezing IVF treatment you know time off so
• 16:06
  cool and miscarriages and all that kind of stuff and it's really awesome to see and I would love
• 16:11
  to see it more down here in New Zealand but your workplaces are identifying that if they want
• 16:17
  to have a more balanced gender it's senior leadership roles that they need to offer different
• 16:24
  benefits to a male as they do to a female and so it's really awesome just to see that these
• 16:28
  companies are kind of getting up with the times and well I think if you're wanting to increase
• 16:33
  the diversity at especially higher up and see sweet roles or management roles or CEO roles
• 16:39
  and whatever capacity you know there needs to be support for people who are in female bodies
• 16:44
  or identified as women because everyone's going to go through metapores everyone has their period
• 16:50
  not everyone wants to try for children but if they do it's just a fact that we have to take
• 16:55
  some time off work and I think if they're wanting to actually see change higher up and roles and
• 17:03
  all sorts of companies then they then needs to be better support for people who are just
• 17:08
  can't change the fact you can't change the fact that you get your period you can't try to do that
• 17:12
  if you're bed ridden with endometriosis pain you can't change that you might need some time in
• 17:17
  fact definitely we'll need time out of work if you have a miscarriage like how awful is that so I
• 17:22
  think to see businesses actually taking steps in the right direction to better facilitate women
• 17:30
  in the workplace I think that's amazing and how cool would it be if we could see that in New Zealand?
• 17:35
  Yes definitely that would be amazing New Zealand, listen, government,
• 17:41
  should we send dogs? Maybe we get Jacinda, she could help us out again,
• 17:47
  so I've seen Jacinda a few times recently. Down there? No, not down here when I was in Auckland
• 17:54
  walking down like K-road and stuff like I've seen her twice recently and I kind of want to
• 17:57
  back, but then also how annoying you know I just want to leave her alone. Oh I used to do that
• 18:03
  stars on short and straight that you'd see walking down the street you'd be like oh would you
• 18:07
  say no then you're like no no no but you do you think you know them but you don't they're just on
• 18:12
  TV. Yeah yeah yeah at a cafe there was a real cute guy and I was like I feel like I know him and
• 18:16
  then I literally only had to Google male New Zealand actor and he popped up. I didn't even know
• 18:21
  his name and I was like here he is. I do not know him. I will not be talking to him. No
• 18:29
  Oh nice. Well I could have taken it with her down there and the sunshine. Yeah please
• 18:36
  come on. Let's just hope I make it home. Oh gosh. We'll see you in three weeks. Yeah see you in
• 18:44
  a few weeks. Oh cool, bye so okay bye. Thank you so much for listening to the Curve Weekly.
• 18:52
  Make sure you hit the subscribe button to stay up to date with all the many business stock market
• 18:55
  news and if you like what you heard we would love a review thank you. Yes we would love a review
• 19:01
  that if you didn't hate it please don't leave one if you hate it. No but in all series
• 19:06
  could you please leave a review because it really helps other people find our cute little podcast
• 19:10
  and we hope you have a good week and see you next Monday. Bye bye. See you next Tuesday. Well
• 19:18
  see you next Tuesday. I made Monday.