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Why Did It Take Women To Fix The Workplace? · The Curve

• 0:00
  Welcome to the Curve Weekly. This is our podcast where we read the finance news so that you don't have to.
• 0:06
  I'm Vic Harris, ex-fung manager and furniture expert and I'm Sophie Hallwright and I am a recovering hot financial mess.
• 0:12
  However, this month has been terrible. We're about to get into some embarrassing stories about my finances but essentially learning alongside you.
• 0:20
  In today's episode we're going to talk about how the market is down about 2% and we're going to explain why and what to do or not to do.
• 0:26
  Did women ruin the workplace? This is a viral story that we're going to be talking about with the financial lens.
• 0:32
  Let's just say things got a little bit hot and spicy in here. We are not stoked about this headline and we talk about why this is really regressive for women's rights.
• 0:40
  We're also going to talk about how Trump is suing the BBC, what's going on there and what BBC's reaction was.
• 0:46
  And lastly, what are brits using chat GBT4? It is personal, it is kind of alarming but super, super interesting.
• 0:56
  But before we get into it, oh, if you've had a bit of a financial dilemma, yeah, it's not a good one.
• 1:02
  I don't even know where to start here. I'm going to backtrack.
• 1:06
  But this month has been not very good for me financially and I've been trying to trace my steps back and figure out where I went wrong.
• 1:14
  Let me turn my stuff off. And I've realised what it is. It was me trying to keep up with the Kardashians.
• 1:20
  Not literally the Kardashians, but there's been several moments this month where I've been overly generous, can't afford to be or gone to a dinner party and thought,
• 1:30
  I'll bring Tequila because it's a Mexican theme and my options are Tequila Rose, the most disgusting shit Tequila in the world or Patron, which is like 60 pounds.
• 1:38
  You know, stupidly did that option. And there's just been a few moments where I've done that this month and I've been speeding outside of my mains.
• 1:45
  So it got to the end of this month and I was like, I'm so broke. Like I had to ask my sister to transfer me money, which was quite embarrassing.
• 1:52
  But it happened again last night. So this was last weekend. I had to get a hundred pounds transferred from my sister.
• 1:58
  Last night I was at the Olivia Atwood podcast launch party, which I stayed at like 20 minutes. Such a party girl these days.
• 2:06
  Anyway, I was like, right, I've got four percent of my phone. This is not good. I'm in May fair. I'm the other side of London.
• 2:13
  And I need to get myself home. And I was like, I mean, I have to order an over because this is.
• 2:18
  Obers work if you find dies. Like if you remember the number plate.
• 2:22
  Been there many times.
• 2:24
  What about a lime? If you like my lime, does it stop?
• 2:27
  Yeah, no, it just dies. No, your lime continues. Yeah, yeah. I've got experience with all these things.
• 2:31
  So yeah, I was like, got went outside. It took me about 45, 40 minutes to get in.
• 2:36
  There was a big cure because that oversubscribed people anyway, whatever.
• 2:39
  I was standing there by myself in this cure and find whatever like I'm going to get.
• 2:44
  I was like, it's quite good for me to see how Spotify do these parties.
• 2:47
  You know, like I want to see what the vibe was anyway.
• 2:49
  Was there for literally deniving, have wondering all but 20 minutes. And was like, I feel like such a loser being here by myself.
• 2:54
  I'm going to go home and I really burned it.
• 2:57
  Long story. Basically that got too busy and had to be our last minute.
• 3:00
  And then I so I was at this party.
• 3:02
  I honestly felt like such a loser. I was like, I was so good at making friends.
• 3:05
  No, but not in that environment.
• 3:07
  And also everyone was like hot and cool. And I just felt like I was in this like frumpy hoodie.
• 3:11
  I don't know. I just felt really like, what am I going to be that random girl that's like,
• 3:15
  hey, nice to meet you. Like everyone was there with friends.
• 3:17
  Where's the new ring working? It's everyone's at the same agenda.
• 3:20
  Hi, I'm Sophie and I'm sure people if I'd been drinking, I could have had the confidence.
• 3:24
  But I didn't want to sit there and drink by myself.
• 3:26
  Yeah. Anyway, sorry, with diverse pointers.
• 3:29
  I was outside trying to get home with my 4% battery needed to order an Uber.
• 3:35
  Didn't have the money to get an Uber.
• 3:37
  I was like, holy shit, how am I going to get home on 4%.
• 3:41
  I have five pounds in my account.
• 3:43
  This is really testing my ADHD here.
• 3:45
  I'm going to need to sort this out.
• 3:47
  So I was like, okay, I called my sister. She didn't answer.
• 3:51
  And I was also like, I don't really want to ask her for more money again in the same week.
• 3:55
  So decided to actually charge the phone.
• 3:58
  I tried. I tried.
• 4:00
  I was asking people like that would give me 100%.
• 4:02
  I was like trying to find a pub that I could charge it. It was a whole thing.
• 4:06
  And I was just like, I'm just going to commit to the 4% getting me home anyway.
• 4:09
  Thank God, I'd already swiped onto the tube. So I paid for it.
• 4:12
  Basically, it works.
• 4:13
  If you've already paid for it, there's a map you can pay for the day.
• 4:16
  So I was like, thank God.
• 4:17
  I got home with like literally 1% battery.
• 4:20
  And I was like, this can't keep happening.
• 4:22
  I feel like I got really, really good for a while.
• 4:26
  And I was like, super on top of my finances.
• 4:28
  I was like squashing my ADHD down a drain.
• 4:32
  Like I was doing quite well.
• 4:33
  And then I think this month I just fully fell off the vanway again.
• 4:36
  It was actually kind of confronting to me.
• 4:38
  This is how I live my life all the time.
• 4:42
  Like this is the constant state of like just about to run out of money always.
• 4:47
  And I really don't want to go back into that patterned behaviour.
• 4:51
  But it's shit because it's like, it's how I've always been.
• 4:54
  And to get a taste of what?
• 4:56
  Going back into that.
• 4:57
  It was kind of like feeling really sad for like myself.
• 5:00
  Yeah.
• 5:01
  I was like, this is.
• 5:02
  But also like how far you come.
• 5:03
  Right.
• 5:04
  Yeah, I don't know.
• 5:05
  And how you got paid yesterday.
• 5:06
  Thank God.
• 5:07
  Did we?
• 5:08
  When I wake up to those texts, I'm like, hurlyly.
• 5:10
  Oh, yes.
• 5:11
  I thought it was today or tomorrow.
• 5:12
  And I was like, I literally can't make plans tonight because I can't do anything.
• 5:15
  The other weekend, I always book restaurant.
• 5:18
  Like it's so hard to book.
• 5:20
  Like find tables on a Friday.
• 5:22
  I said, I know it like restaurants.
• 5:24
  Like after I'm sitting here being said, no money.
• 5:26
  It's like, I can't get reservation.
• 5:32
  I'm getting somewhere with this.
• 5:34
  Like it's like a little hack.
• 5:36
  Usually book like multiple places or like in the hope that they like come up.
• 5:40
  Or we'd be like to friends, hey, I've booked this place.
• 5:42
  Yeah, you do that.
• 5:43
  You're like, I've got a table for four.
• 5:45
  Yeah.
• 5:46
  For once.
• 5:47
  And I remember doing it in Sydney because it was just like so hard.
• 5:49
  So I'd booked these random Fridays in any way.
• 5:51
  So last weekend, I forgot that I booked for at this restaurant.
• 5:56
  And I got a notification in an hour before they're looking forward to it.
• 5:59
  And I was like, shit.
• 6:00
  Because you get charged 50 pounds per person if you don't turn up.
• 6:03
  Wait, when was this yesterday?
• 6:04
  Last weekend.
• 6:05
  So I was like, to my friend, I was like, what do I say?
• 6:08
  And they were like, just say that your partner's flight delayed.
• 6:11
  And it's his birthday.
• 6:12
  And it's for his birthday.
• 6:13
  And I was like, wow.
• 6:15
  I was came up with that.
• 6:16
  I was very into it.
• 6:17
  I was very into it.
• 6:18
  You must lie off it.
• 6:19
  That came right straight off the cup.
• 6:21
  They don't care though.
• 6:22
  They don't take.
• 6:23
  So I called up and I said, look, sorry, like I've got a booking in an hour.
• 6:27
  This is a situation.
• 6:28
  And she was like, well, we do have a 50 pound per person cancellation fee.
• 6:32
  And I was like, I mean, I really want to come.
• 6:34
  Like, is there any way we can just reschedule to next weekend?
• 6:37
  And she was like, look, I'll see what I can do.
• 6:39
  So anyway, she pushed it back to the next weekend.
• 6:41
  Did she?
• 6:42
  Or there never happens in London?
• 6:43
  And then I was like, and then I just canceled it.
• 6:45
  Because it's not within the 24-hour window.
• 6:47
  What a bitch.
• 6:48
  Any restaurants listening.
• 6:49
  Shit, that's lucky.
• 6:52
  But I was like, yeah, I know.
• 6:53
  Because honestly, I've been sung with that.
• 6:55
  So many people have been sung with that.
• 6:57
  But it is quite a good heck.
• 6:59
  Yeah, that is really good.
• 7:00
  You just, instead of like you modify the booking,
• 7:02
  instead of canceling it, and then you just cancel it.
• 7:09
  So this is round two of the Curve Weekly.
• 7:12
  Unfortunately, my mic wasn't working.
• 7:14
  I want to blame you, but I know it's not your fault.
• 7:17
  So I would blame you.
• 7:18
  Would you?
• 7:19
  Yeah, no, actually, it feels kind of like you're blaming me.
• 7:21
  Even though it's not my fault.
• 7:23
  It's Emily's fault.
• 7:24
  It's the, I'll produce it Emily's fault.
• 7:26
  It's not, it's no one's fault.
• 7:28
  Technical shit happens all the time, but anyway.
• 7:30
  Luckily, the start of this podcast, in terms of what you've just heard,
• 7:34
  was from Take One, however, at 12 minutes.
• 7:38
  I think I was with my mic.
• 7:40
  I must say I saw it looking like you were holding it quite far down.
• 7:43
  Anyway, so I'm going to...
• 7:44
  Anyway, my good jokes.
• 7:45
  Oh my great content.
• 7:46
  Oh my goodness.
• 7:47
  All my investing insights.
• 7:48
  You were on a rock.
• 7:49
  I think it's like my beast.
• 7:50
  I honestly think it might have been your beast yet.
• 7:52
  Like, there was some moments where you were commanding attention so well.
• 7:56
  We're going to do our best to talk to.
• 7:58
  It's also not fun for everyone.
• 7:59
  Like, oh, I remember the time when I met you.
• 8:00
  Even the time when I met you.
• 8:01
  Even the time when I met you.
• 8:02
  No, I don't remember.
• 8:03
  Because they weren't here.
• 8:04
  But for the entire curved team, it's been a devastating hour.
• 8:06
  As we've decided, do we rerecord this?
• 8:09
  Or do we just put out a really, really shit audio version?
• 8:13
  And you better love us and send this to 500 people you know
• 8:16
  because we're redoing this.
• 8:18
  I've just had a coffee for the first time in two months.
• 8:20
  I'm going to go straight home and have some tequila.
• 8:22
  Go on, okay.
• 8:24
  I'm going to go quickly.
• 8:25
  The first thing that we're going to be talking about is there's been a enormous—
• 8:27
  Well, it's not enormous but it's a pretty decent market drop.
• 8:30
  Right.
• 8:31
  It could be the start of something bigger.
• 8:35
  There's a lot of nervousness in the market right now.
• 8:37
  So any little blip, he runs on edge.
• 8:40
  You run so, oh gosh, it's the start.
• 8:42
  Or is this just blip?
• 8:43
  And so, he runs kind of in the sidelines being like, ah!
• 8:46
  And like these, the market's down to 2%,
• 8:48
  it was still up to 15% this year, which is great.
• 8:51
  great, I'm like, four, four before we go to our productions.
• 8:54
  Oh yeah, for gone text. So every year we do productions on what we think the market's happening.
• 8:58
  And at the moment it looks like I'm winning, but I have a very bad feeling that there might be a
• 9:02
  tumble in that cool one. There's six weeks. Yeah, yeah. Lots can happen.
• 9:06
  But what that's saying when she says like, people are a bit freaked out or like, is this the start
• 9:10
  of a big tumble? We've spoken about this in the curve weekly, like the last couple of weeks,
• 9:14
  really. And it all comes back to the idea of the AI bubble. Is it going to burst? Is
• 9:19
  all the text docs going to totally shit itself blah, blah, blah. And I went to this really good
• 9:23
  conference last week. And like the key message through like every single speaker and everyone
• 9:28
  was on stage was like, diversify. Like nobody knows when this will happen. It will happen whether
• 9:34
  it's in the next six weeks, whether it's in the next six years, who knows. But the key throwing
• 9:39
  through like, as far back as you can go through history has been diversified portfolio,
• 9:45
  stand the test of time. And so if we look at the S&P 500 as well, which is top 500 companies
• 9:51
  in the US, it may as well just be called the S&P 7. Yeah, exactly. Yeah. Seven companies come
• 9:57
  on 40% of that index. So if they sneeze, the whole index hitches are cold. She's like, got a
• 10:05
  loll in there. No, I nailed a freaking metaphor. No, you're true. Actually, because of the
• 10:10
  most, because you've got this in the recording that you will never hear, because we're having
• 10:16
  to read to it. Fixed, you know, the market's getting a real shake up the bomb. We were like,
• 10:23
  do you mean kick up the bomb and shake up? Which is like, yep. Anyway, you nailed that one. Well done.
• 10:28
  So yeah, if you're investing in S&P 500, you're investing in AI. Like all of those companies
• 10:33
  are beneficiaries of AI. Whereas if you're investing in the UK, it's a much more broad base of
• 10:38
  companies. So you are actually more diversified. Also, one starting stat that I saw at this conference
• 10:45
  was met at Amazon Google and Microsoft, their capex spend. So what they're spending, like what
• 10:51
  they're investing in this year is $400 billion. And the entire capex spend of the UK is 600 billion.
• 10:58
  So they're nearly the size of one of the biggest, most developed countries in the world in terms
• 11:04
  of their spending. Are you saying that those four put together? The spend of the four of those
• 11:09
  big companies is slightly behind the entire UK country spend? Yep. And that scares me, right?
• 11:17
  Because we have never, ever been in a situation like we're in today where there is such dominance
• 11:24
  by these major tech companies in terms of, yeah, if they do slip up, like there's what effect is
• 11:30
  that going to have on businesses, on economies, on people, on people's wellbeing? We've never had
• 11:37
  five trillion dollar companies, and ever, we've never had four trillion dollar companies. We've got
• 11:42
  two of them now, like these numbers and the power and the like significance and what those companies
• 11:49
  can now do is, is quite scary in terms of the influence. And when Vic talks about diversification,
• 11:56
  which is every second of every day, diversification is the idea that you don't have your eggs
• 12:02
  in one basket. And if you are invested in the S&P 500 aka the S&P 7, you are so centralised in tech
• 12:10
  and AI. And if you're not also invested in other countries and other industries, like you are so
• 12:17
  leveraged within the tech space. And other assets, right? Like gold or property or, or stock,
• 12:22
  because they all move in different ways. And the thing with the S&P 500, we have never seen
• 12:27
  such dominance by, like, even such concentration in the index either. So, yeah, it's going to be
• 12:34
  interesting to see how this plays out. But so far, it's only done two percent.
• 12:37
  So what are you thinking will happen? Do you think it will start to be there?
• 12:41
  What? No, I was like, was it you? Someone said it's like a roller coaster. You know, when you got like,
• 12:46
  oh, terrifying. And the higher you go with the bigger the fall, you're kind of like,
• 12:50
  oh, Michael, that's a really good analogy. And it gets slower. You know, I go,
• 12:55
  yeah, see what I'm doing. I'm doing a roller coaster. Because it's also the idea of if some people
• 13:01
  start to panic, thinking that the two percent drop is the start of it. And then they start selling.
• 13:06
  Yeah. And then that's only going to kick start going over the other side of the roller coaster.
• 13:11
  So, and this all this, this, this sell off this two percent fall is all because the government
• 13:17
  shutdown has ended, which is great news. It's the longest government shutdown in history. And if
• 13:21
  you want to know what that means, we actually did a little talk about it a few weeks ago. Yeah,
• 13:26
  let's play a clear from the curve weekly. A few weeks ago, it just explains exactly what the
• 13:30
  government shutdown in the US is and what it means. The US government effectively runs a budget
• 13:35
  that has to be approved by Congress. So if there is a breakdown between the US government and
• 13:40
  Congress of like not giving them money, not giving them an appropriate budget for certain things,
• 13:45
  or they can't agree on how much they spend or where they should spend it, they can't really
• 13:50
  operate as normal the government. So they like shut down and they go, you know what, you're not
• 13:54
  giving us the funding, we're not going to operate. It's almost like a strike. It's Congress above
• 13:59
  get parliament. Yeah, government. It's Congress sets the budgets or the financials that feeds into
• 14:05
  them what the government does. Yes. Yeah. And Trump's gone, if you don't give us what we want
• 14:12
  in terms of spending, in terms of money, we're going to shut down now. Oh my God. So that he's
• 14:16
  basically Trump is striking. Yeah. And he's blaming the Democrats and Congress saying, this is all your
• 14:22
  fault. So what does the government shutdown mean then for? So it's open now. So essentially
• 14:28
  the government, all the government agencies and organizations and everything are back up and
• 14:33
  running. And the reason the market is falling is because people are worried there is going to be
• 14:38
  a backlog in a delay in economic data, which means the fed, which is the institution organization
• 14:44
  that sets interest rates isn't going to have a full picture of the economy. So they're going to make
• 14:49
  the wrong or inappropriate or bad decision. So essentially it's just like everyone's a bit,
• 14:54
  but again, like I said at the beginning, it's like everyone's a bit on edge. So anything,
• 14:58
  that normally wouldn't throw a market, but people are a bit late. You almost need to do like a
• 15:04
  politics reality TV show. This right in terms of our dramatic. The last year has been
• 15:10
  and the decisions that Donald Trump is making. The whole thing is just like, who would play him?
• 15:16
  I imagine being asked to play Donald Trump. So offensive. I actually saw this post that she
• 15:21
  should care about put up the other day. And it was like someone tell this man about a beauty blender
• 15:25
  and it was this like photo of Trump's face. And like half of it is just this jingery line. It's like
• 15:31
  how on earth? Like is he in a sunbed? Like what is going on there? I think it's like,
• 15:35
  do you think he's playing up for a bit? He's like, like his makeup artist would not look at
• 15:40
  then go, I have to be a great job. He's like, make it more orange. Yeah, it's my thing. It's my
• 15:45
  thing. So story two, this is an article that we don't love to talk about, but it has been going
• 15:52
  viral and it is kind of important to bring up. We're going to speak about this with a financial
• 15:57
  not not kind of doubling down on the angles that you may have seen about this online, but it is
• 16:02
  essentially based off of times article, right? Yes, it was New York Times article and a title was
• 16:09
  did woman ruin the workplace and it's gone kind of viral and even the title got replaced or
• 16:14
  changed to the liberal feminism ruin the workplace. Because they got so much backlash on part one
• 16:20
  of that title, they had to change it, right? And it's essentially about, you know, all the changes
• 16:25
  that have gone in in the workplace in terms of like the me two movement, you know, the whole
• 16:30
  work culture, you know, creating environments of like sensitivity and emotion, like this person
• 16:35
  is blaming woman for those changes in the workplace. So I think Helen Andrews was the first
• 16:41
  person that was she was kind of speaking on this. Her take was that institutions, businesses that
• 16:46
  now have much higher representation of women and then are now not functioning as well as they
• 16:53
  used to, this is her take. And one of the quotes is woman gossip, avoid conflict and care too
• 16:59
  much about emotional safety. And the idea being that women in the workplace are making things
• 17:05
  too woke and inverted commas. So this is sort of the overarching spiral and conversation that's
• 17:10
  happening. There's been so many spin-offs, everyone's obviously piping up. It just doesn't touch
• 17:15
  on like dismisses all the contributions that women have actually made and it focuses on the
• 17:20
  negative. And I think that's why it's so like click baity and why it's so annoying because also
• 17:25
  the workplace was created like the nine to five was created by men by wealthy men actually because
• 17:33
  they had wives at home doing all the other stuff that needs to be done to run a household. And
• 17:41
  yes, now we are more involved in the workplace. It's it's just the woman is still doing a lot of
• 17:47
  that kind of labor. So like a lot that invisible load we've spoken about it before but it's the idea
• 17:52
  that yes woman are more equal participants in the workforce but they're also doing a disproportionate
• 17:58
  amount of that. So by forcing women to come back into this like it has to be nine to five all
• 18:03
  these businesses that are now telling women to come and be in at the office it's majority women
• 18:08
  that are being massively impacted by this. And that's why this is so problematic. And that's why
• 18:12
  COVID was so good right because there was there was a lot more flexibility which meant there was
• 18:17
  a lot more women participating in the workforce and now we're seeing that reversing as everyone's
• 18:22
  got these returned to work orders and you know you've got to be in the office nine to five we're
• 18:25
  seeing that unwind which is so sad because we're kind of just reverting back to what we were
• 18:31
  kind of pre COVID but also yes the system should change. It should change like why should we
• 18:37
  just squeeze into a system more than made for us. The system should 100% change and I don't
• 18:42
  want to fit into something you know fit into something that wasn't created for me I want to change
• 18:46
  it. To even cast our minds back to five years ago pre COVID you know sometimes we wake up to
• 18:52
  something and then you realize how was it ever done this way in the first place I feel like
• 18:56
  when it comes to the way that work is structured and how far we've come in adapting environments
• 19:03
  workplaces for all sorts of like the diversity of people not just gender but across the board
• 19:09
  we've come so far that it's really hard for me to even fathom the idea of we were once and for a
• 19:15
  really long period of time expecting women or people to fit into a certain way of being
• 19:21
  and so now to be starting to regress I'm sort of confused as to who thinks this is actually a
• 19:27
  valuable idea because if you look at the stats around companies that have high female leadership
• 19:34
  teams like it's incredible like what was that stat that companies with 30% or more women leaders
• 19:41
  are six percent more profitable where are you getting the fact that this is a bad thing yeah I know
• 19:46
  and it's like fintechs with women executives launched 30% more inclusive products because they've
• 19:51
  been left out themselves for so long and diversity just it's better decision making it's more long
• 19:58
  term thinking it leads to more profitable businesses I just why focus on the negative when
• 20:05
  you know there's so many positives that women and diversity in general bring to to businesses but
• 20:10
  also to countries like leadership like you look at countries that are led by women versus countries
• 20:15
  led by men would we have so many would we have as many wars would we have as many you know disagreements
• 20:20
  and I just but also I think when you say we're focusing on the good this money sorry just about I'm
• 20:25
  like I also don't think people standing up and saying hey I need an environment that allows me
• 20:31
  to do xyz or speaks up about something that needs to change within work culture to be able to thrive
• 20:39
  because it's always been a certain way like I don't think there's a negative thing actually at all
• 20:42
  I think that the way that this is being kind of spun from a media angle is the classic hysteria
• 20:49
  woman a dramatic you know it's it's just so old I'm like how are you like grow up it's kind of
• 20:54
  embarrassing narrative to see the times regressing that conversational woman in the workplace
• 21:00
  and the value that it brings I just feel like gets a better journalist yeah I know I get so bad if
• 21:06
  you're like almost shit now forgive me at your time yeah but I think that the takeaway from this
• 21:11
  and something that I think is really important is the flow and effect of seeing an article like that
• 21:16
  is it it subtly reinforces the idea that woman a dramatic that we're too woke that we're ruining
• 21:22
  blah blah blah and what that then does is mean that we then try and fit ourselves into and we shrink
• 21:27
  we shrink and we're like oh I don't want to ruin the workplace I want to say anything yeah
• 21:29
  into a hyper masculine environment and actually what it should do I hope by speaking about it now
• 21:35
  very briefly before we swiftly move on to something else is the idea that if something isn't right
• 21:40
  or you think that it could be done differently to benefit you and others to come etc be brave
• 21:46
  enough to speak up because I think that we're starting to find our voices in the workplace
• 21:51
  and I really hope that this doesn't regress based on shitty media headlines like this
• 21:57
  agreed so when I was doing her research I bolded something in this because I thought it was
• 22:00
  such a beautiful way to put it just as the workplace didn't fail because woman joined it it failed
• 22:06
  because it was never built fast to thrive and I think that is just such a beautiful way of putting
• 22:11
  it there's no problem with us changing the system the system was broken it needs to be fixed
• 22:16
  and more inclusive end of the story so the title of the article shouldn't have been
• 22:22
  did woman ruin the workplace it should be why did it take woman to fix it yeah thank you
• 22:27
  yeah we could apply to be journalist at times yeah and that is what we're going to call our podcast
• 22:32
  so this is more big news that might get your I was going to say panties in a twist that's the most
• 22:38
  disgusting not okay it might really ruckus knickers your knickers do you know in the UK if you say
• 22:44
  pants they think underwear it's like a thong because I'm going to put on my thongs
• 22:50
  I lost my pants the other day long story and I see it have you seen my pants and it sounded like
• 22:55
  I had lost my underwear I was like no that's not what I mean any yes Donald Trump is threatening to
• 23:01
  sue the BBC which is a UK media company for one billion dollars so we're going to zoom out here
• 23:11
  Donald Trump resides in America the United States of America is like what's the end of that sentence
• 23:19
  so here's the present on the United States we are talking about the United Kingdom a very
• 23:25
  United but I'm like what makes you think I know that you can control the media in a country that you
• 23:32
  don't even I was going to say rule no what am I trying to say yeah like it's just the most
• 23:37
  weird this is the weirdest headline well he's done it twice he's done it it's done it a few times
• 23:41
  before he thought CBS which is paramount and got them to pay him a large amount of money for
• 23:46
  stuff that we're saying about with an interview with Kamala Harris ABC which is also Disney
• 23:51
  are more recently had to pay him 15 million or something they said as well meta youtube they've paid
• 23:58
  80 million in settlements to Trump like I don't get money maker got a great side hustle yeah so
• 24:03
  the reason that he is getting paid is he's claiming defamation right yes yeah and defamation
• 24:10
  because I used to work in media and when I would work you know often you would there would be
• 24:15
  scandal sequins or you know you'd be speaking about celebrities or public figures
• 24:19
  you need to be really really careful to not give false news because that can very quickly
• 24:25
  edge into defamation right yes like if I was to say you're an alcoholic or something but how does
• 24:30
  it work in terms of you have to have proof or has to be factually correct yeah and I think that's
• 24:36
  the issue here right and we'll show the clip but BBC had like a full documentary and they
• 24:43
  connected two small clips together from an interview of him that made it seem like
• 24:49
  things were taken out of context so yes he said it but not in that context and so that's what he's
• 24:52
  arguing BBC say well you said it so yeah okay should we watch the clip quickly and so what we'll
• 24:58
  do is we'll play the edited version of this first and then we'll go into the original
• 25:06
  to the capital and I'll be there with you and we fight we fight like hell and if you don't fight
• 25:13
  like hell you're not going to have a country anymore we're going to walk down to the capital
• 25:22
  and we're going to cheer on our brave senators and congressmen and women
• 25:27
  and we fight we fight like hell and if you don't fight like hell you're not going to have a country
• 25:38
  anymore anyway the point here is he is basically trying to silence the media into a narrative that he
• 25:46
  he likes and the BBC has apologized to Trump for the edit but they're refusing to pay the
• 25:52
  billion dollars and I think what is really interesting about the story is that you know and
• 26:00
  it's kind of similar to be honest with what we were speaking about with the Times article
• 26:05
  yes they may not pay away that billion dollars but if you work at the BBC and you've been threatened
• 26:11
  by the president of America for the way that you've reported some consciousness that that is
• 26:16
  totally going to feed into how people then approach stories about him essentially what he's
• 26:21
  trying to do is bear monger and like scare people into threaten the media only telling stories
• 26:27
  that are approved by him that he you know condones etc and then we only see one side of that right
• 26:33
  as consumers of the media and so yeah I think that as we go into this new era of really important
• 26:41
  people trying to control mainstream media it's so important to diversify where you're getting
• 26:47
  your news and who you trust and what you try and filter out when it comes to headlines broadcast
• 26:56
  channels everyone has an agenda and I think if you can find a podcast and news outlet there's
• 27:02
  this thing called ground news which is really like unbiased news reporting I mean I would like to
• 27:07
  think that the curve weekly does a pretty good job of understanding what's happening and the
• 27:11
  landscape of you know global economic financial news and while maybe there's a part of us that's
• 27:17
  like Trump Trump don't love it ultimately you you need to have your what's about you when it comes
• 27:23
  to consuming media because everyone has an agenda these massive like politicians but also media outlets
• 27:30
  it's a financial business you know like everyone is trying to tell a certain story and I think it's
• 27:35
  super-dangerous to not I don't know be a bit more aware of what you're consuming.
• 27:40
  Hmm nice to see. Do you remember that documentary and it was like the social
• 27:44
  the social dilemma and it was all about how everyone's algorithms are becoming nation nation
• 27:48
  nation nation and so what someone sees if it's like I don't know a monstera plant is causing
• 27:54
  health issues and you're getting served that constantly you take that as truth and then you don't
• 27:59
  go near a monstera plant like there's real value in just zooming out a bit not just with social media
• 28:05
  but I think big-end news outlets knowing that like Fox News we were speaking out this on the
• 28:09
  curve weekly ages ago there's there's people who are kind of like pulling the strings
• 28:15
  behind the scenes and within media companies and I yeah I just would urge you to listen to things
• 28:21
  in a way that is like always trying to question who's saying what why they're saying rather than
• 28:26
  taking things for face value yeah God I really went on one there sorry no I'd like to I just I
• 28:31
  think that coming from a place of being in like mainstream media and I've been on that side like I've
• 28:35
  seen how it's produced but everyone needs to give their opinion right like if we were just sitting
• 28:40
  here reading reading the news not giving our opinion you know like I feel like there is it's just
• 28:45
  like sure it's making it's making sure that you've listened to both sides or bringing your own
• 28:50
  views to the table in terms of like hang on though that's not actually right or like oh I heard
• 28:54
  otherwise or I don't know yeah no I think that's a really a point and that's why I guess the fact
• 28:57
  that BBC is saying no we're not going to be paying you a billion dollars and we've done
• 29:02
  nothing wrong it's actually really like thank God yeah okay our last story is that personal
• 29:11
  finance has officially become the number one use of AI in the UK I'm kind of surprised by this
• 29:17
  because the stuff that I use AI for is kind of ridiculous I don't know I like the idea of it
• 29:23
  doing the legwork of annoying tasks yeah rather than really big monumental things it's kind of
• 29:28
  fascinating to me that this is the number one 28 million UK adults use AI to manage their money
• 29:35
  which is wild I wonder how much detail they're giving it because with your uploading all your
• 29:39
  transactions and stuff better how can I do better or if they're just like oh that's quite good I
• 29:44
  love that yeah I would I should be doing that yeah yeah because it is it's like using
• 29:48
  free cheats and blah blah blah it's exhausting isn't it oh so exhausting like you're speaking of
• 29:53
  like propaganda right and you start being fed the same like with your algorithm you start being
• 29:57
  fed the same stuff it's like the same is going to happen with AI because it's trained off all the
• 30:03
  data that humans have created over the years but as that tilt changes to all the data being
• 30:09
  created by AI then it starts learning off itself and as an everyone's going to be managing the
• 30:15
  money to say yeah it's kind of kind of it's going to be kind of morphing into I don't know what
• 30:19
  might be like 50 30 20 and everyone's managing the money like that but it's not but personal like
• 30:24
  finance is so personal I think um you know being able to use cheats ebt or AI platforms well
• 30:31
  is a real skill and the more context you can give it the more nuance the more information
• 30:36
  you have to really guide it properly and wind up saying 50 30 10 or 20 30 20
• 30:42
  is the idea of like 50 percent going to your needs 30 percent going to your wants 20 percent going
• 30:47
  to your investments how to split your pay because everyone does it differently it'll be
• 30:50
  interesting to see like almost what's the prevailing personal finance approach that everyone
• 30:54
  finds helpful because maybe there will be something that kind of evolves from everyone sharing
• 30:59
  their data but I also wonder if because everyone's so embarrassed about the finances and still people
• 31:04
  struggle to talk about it maybe the reason it's taken off from like a personal finance lens
• 31:10
  is because people don't want to talk to people about it and they can just like subtly chuck it
• 31:15
  and check it and check it I overspent this weekend help do you think there's anything
• 31:19
  dangerous about this no I feel like the advisors are probably the ones like losing their jobs
• 31:25
  yeah but it's elements of everything right like even the doctor you can like
• 31:29
  research if you've got like a rash on your bum and like what is this
• 31:33
  quite I thought you said a rat on your bum I was like who in there but you can do absolutely
• 31:39
  anything and I think it's only gonna get better and better and better we actually have a friend
• 31:43
  who had her husband went on a long haul flight he came back she was in the midst of like
• 31:49
  juggling work a sick kid you know it was written and he was like I've got a sore leg and she was
• 31:53
  like read the room I am not interested in she was sorry she was like she was really like
• 31:59
  oh sorry I got a sore calf you know like really like got bigger fish to fry I would be like are
• 32:04
  you kidding me right anyway she she then looked at his leg took a photo chucked it in chat
• 32:11
  gbt and it's called an ambulance straight away because it was the main thrombosis
• 32:16
  something like a blood clot and if it gets to your heart or your lungs but the point being
• 32:22
  is chat gbt in that moment like could have saved his life yeah understand why people are
• 32:25
  selling to lean on it more for important things like therapy like my boyfriend is being a dick what
• 32:30
  do I do what I have found I was so negative Nancy on that and like kind of concerned genuinely
• 32:37
  sometimes what it has to say about personal stuff or how to do things but all of the shit that
• 32:43
  we give it for having no emotional intelligence because it's just a computer I I don't know it's
• 32:48
  kind of interesting to see the stuff that it suggests or says I'm I would almost feel like
• 32:53
  Europas would be scared because I think every industry there is a little part of it that will be
• 33:00
  impact before we wrap up we're actually putting an episode out this week which is completely
• 33:04
  passed it's used by day in the sense that it's no longer Halloween however I mean there's still
• 33:08
  pumpkins in the canal I saw this morning just floating pumpkins like the remnants of Halloween it's
• 33:14
  so weird kind of like it you're kind of like yeah the canal for people that have already
• 33:18
  talking about in London there's canals throughout and beautiful they're kind of gross beautiful they've
• 33:22
  so much random shit floating in them you're like oh a bike oh I did body I'm shocked that people
• 33:27
  go on their line bike through there like if the fact that you can see line bikes in the canal
• 33:32
  and they are so skinny and there's so many people like how are you not I'm skipping walking
• 33:37
  their line biking yeah always go always stick to the wall side anyway anyway um we got a whole lot
• 33:44
  of kind of like would we say scary kind of yeah yeah scary stories from people like investing
• 33:53
  horrors personal finance horrors and so we kind of did it was almost like an agony agony agony
• 34:00
  agony yeah yeah it was kind of like um we read them out or played the voice notes and sort of
• 34:05
  spoke about where dressers um really serious it's right we would dress as finance brother Steven
• 34:10
  I miss Steven Invicta I'd love them to make a completely looked fairy comfortable in our outfits yeah
• 34:18
  I love that you're closing your laptop she's like thank god we don't can I just say I'm really
• 34:23
  proud of us we know all the key points and the funny bits to everyone so don't like you didn't miss
• 34:28
  out yeah um but we got there we got proud of us really proud of us stunning let's hope there's
• 34:33
  bikes recording if it's actually not the sorry we're not doing a third time sorry absolutely not
• 34:39
  and our poor producer is going to be working very late love you Emily thank you my you're the
• 34:44
  piece do you also hate you Emily thanks for making us do this again thank you so much for listening
• 34:52
  to the curve weekly make sure you hit the subscribe button to stay up to date with all the many
• 34:55
  business stock market news and if you like what you heard we would love a review thank you yes
• 35:01
  we would love a review that if you did hate it please don't leave one if you hate it no but
• 35:07
  in all seriousness could you please leave a review because it really helps other people find
• 35:10
  our cute little podcast and we hope you have a good week and see you next Monday bye bye
• 35:16
  so yeah see you next Tuesday wow see you next Tuesday I mean Monday no actually though new episodes
• 35:25
  out your free Tuesday okay quickly the curve was created to empower and educate you about
• 35:33
  investing but we are not financial advisors our platform exists for educational purposes only
• 35:38
  and it doesn't provide personalized investing advice for your individual needs and should not
• 35:42
  be relied upon to make an investment or financial decision and always remember to do your own
• 35:46
  research before making any investment or financial decision we're here for any knowledge and support
• 35:51
  you need but the final call is always yours and thanks for being here you got this yeah we know
• 35:56
  you got this can I just say I think we're doing a stunning job like we're really this is
• 36:03
  almost feeling better than part one which I mean I don't want to say it too soon but like thank you
• 36:08
  you're really remembering everything you see so you like this is so impressed