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Why Crypto Rich Kids Skip the Airport Queue. · The Curve

0:00
You know that jingle so if nothing beats a jet to holiday and it's just Glenn your favorite artist
0:05
I love Jess Glenn. Yeah, although I've got a really bad feeling. She got canceled for something
0:10
I have no idea what it was, but I do love her music. Yeah, darling. Hold my hand. Oh my god. Yeah, matey sense
0:16
Yeah, she did a concert not that long ago and even and she starts to sing the song and ever the crowd just goes wild
0:23
Because it's like it's just gone
0:25
No social media, but nothing beats a jet to holiday is not a song is it the jingle behind it is just just
0:30
Just Glenn song. Yeah, but it's not a song. No, it's it's a jingle for jet to holiday right no
0:35
It's her song that's been used in the jingle as a jingle for the jet to holiday. Oh, I don't get so she's not the voice
0:42
Yeah, no, no, no, no, she's not the best. No, but the girl who is the voice has also gone viral
0:49
She was like they played it at a beefer in a club and she got up on stage and she was like nothing beats a jet to and everyone's like
0:56
What's kind of sad of what the world's getting to write like well? I thought about the sales
1:01
Yeah, it's like where do trends come from like who decides that that's gonna be of something that goes viral
1:05
Where who society who bakes up all these trends does it just someone just uses it and then people
1:11
And then they're like oh my gosh, and then it just keeps like someone would see someone do that and then be like that's funny
1:17
I'm gonna copy it right and then before you know it's like millions of millions of people
1:20
But okay, the whole preface of it if you don't know is
1:25
When shit goes wrong. It's like nothing beats jet to holiday, you know, it's like
1:31
You can travel 50 pounds when you know, it's like real cheap holiday, but it means like there's always disasters
1:36
There's always something that goes wrong or like there's cockroaches in your room
1:40
Yeah, you lose your suitcase or it arrives and it's someone else's you know like yeah
1:45
Kind of now exploded into
1:47
If you fall down the stairs and spill your coffee, it's like nothing beats jet to holiday
1:53
Yeah, I saw one of my favorite ones. I've seen is um what about my one. What was your one?
1:58
Me trying like jumping on my suitcase. Oh to try and close it. Yeah. Yeah. Yeah. I mean, that's not the best
2:02
I mean, I didn't quite get the trend. Yeah
2:05
I saw one and it was like um it was an engagement and they were like and
2:11
Some were beautiful in Europe and he bends down. He's like
2:14
Proposing and then there's these two like boomers like standing from the camera snaggy on it like a snickers chocolate
2:21
I saw that like even um even snickers came out and seed like kind of like played joke with that as well
2:27
And was like this was not planned by us like because they obviously been offended because this old lady is just like eating this
2:33
Snickers bar
2:35
Moment of the proposal
2:37
Quite funny, but I mean like that would not have gone viral as an engagement without the snickers moment
2:42
Engagement going viral because someone stepped in front of the shot and it's pretty funny. I think I'd love that
2:49
Thought something my parents would do
2:51
Well, just like not see the camera and just kind of stand there be like wow look at that over there
2:55
Yeah, yeah, yeah, sorry, but how do you miss the camera and the proposal? Do you know anything like you've got to be pretty
3:01
I'm pretty good at like seeing if someone standing there in their partners over here taking a photo or whatever like oh, sorry
3:07
I'll just wait to you to finish, you know, that's what I mean
3:11
But also a proposal yeah, and obviously a tripod, you know, it's not just someone standing there because otherwise they would have moved
3:19
Also did give away your proposing
3:21
If my partner was like I'm just gonna say I'm gonna try part of it. I'd be like you've never done that with the hell
3:26
Yeah, anyway, the reason we're talking about jet to holidays is
3:30
They came out with a financial result and
3:34
It looks like not everyone loves the jet to holiday. Why because it was a pretty terrible result
3:40
Just sales down profit down share price fell 20% in the day
3:45
Ah, they had a really good update in July in the reason for that. It's like we've had epic weather here, right like
3:52
You would think that would encourage people to go on holiday and experience summer, but I think it's just more the
3:59
economic climate of the UK right now
4:02
Is pretty dire. So people are cutting back on holidays even budget holidays and
4:10
Yeah, not good for jet to nothing beats a jet. I just love saying nothing beats a jet to holiday. It's such a
4:19
I don't know what kind of x-ing that is in the UK British. It's British, but it's like some region
4:24
Nothing beats a jet anyway
4:26
So is the essence that people aren't going to Europe as much people start traveling on holiday people kind of forward it too much pressure
4:33
On there right now. It's really I had a friend's one of my best friends weddings in Portugal a couple of weeks ago
4:38
And I sang to my parents this morning. I don't my sister travels quite a lot. I don't know how she does it one trip
4:45
And I'm ruined like I will be doing nothing until payday and I didn't even financially run
4:50
Or it's also I mean
4:53
But mainly financially and that was not an expensive holiday because it was a wedding
4:57
So you're going to these events that are I do some people like there's ways you can do it right like booking in advance
5:04
Not flying on Friday or Monday or Friday or Monday and there's like this hack on
5:10
I think it's sky scanner
5:12
And it's almost like like that was a long weekend as well, right? Like
5:15
But I went early. I went the day before the long weekend. Yeah, I can make the day after the long weekend
5:20
And booked surprisingly their combination like four months ago because someone else booked it
5:25
Like I yeah, yeah, yeah as far as like making that as cheap as possible
5:29
For short, we could have done a less nice house definitely
5:33
But it's kind of it was like my
5:36
One summer holiday really like I went at that random trip to Turkey, but it was so last minute
5:41
This was my one holiday and I
5:44
Don't know how people do it more
5:46
It's so expensive even if it's
5:48
Locate yeah, oh you think I mean no you don't know I think it's like doing wrong
5:54
I think it depends where you go like there is some incredibly cheap pace like grace for example like
6:01
So cheap once you're there obviously not making us or Santorini
6:05
But like there's I guess like Turkey would be a great example of a cheap assume
6:09
Yeah, there's certain parts of Turkey, right, which is super expensive, but
6:12
But even like seven eight hundred pounds for a four-day holiday
6:16
It still really sets me back like it's not I don't know
6:20
And like you know, I've had and I've had my um travel fund
6:23
So I took my it's not like I didn't have the money. It's more just like it's not as cheap
6:28
Like I do remember back in the day when it was like oh 40 quitting you can fly here and it's like those days are gone
6:33
Those days are gone all around the world because of COVID
6:35
Do you know what I mean like even in New Zealand flying away for the weekend
6:39
You could fly to Australia or Asia probably for a similar price speaking of cheap places to go
6:44
You're off to Central Pay quite soon. I know I am
6:47
Yes, very non-cheap
6:48
How have you um flights was so cheap? How much do you think you'll spend in total for the trip?
6:54
Um flights were like 60 quid so cheap because it's off-season, right? Yeah, like I think that's also key is like traveling
7:01
August
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Is just insane like I looked it going away when you were away for the long weekend because it's like a long weekend amazing and I was like
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Oh my goodness, I was going to go to Italy 500 pounds
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Blights
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And I was like wow absolutely not
7:18
Uh
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Like it was just but it's like anywhere right demand supply all of that so but
7:24
Also American Eagle I've seen heaps of this on my Instagram. What is going on?
7:28
This is a Sydney Sweeney campaign that's got way too much airtime than it should have they came out with a financial result last
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Week and the share price was up about 30 per cent in one day
7:40
They have had a phenomenal uptick and engagement customer awareness sales all from this ad campaign
7:47
Wait, is this from the one the Sydney Sweeney one that joins? Yeah
7:51
I'm sorry. Does that not just show you who the investors are?
7:54
There's no this is this is this is sales. This is people. Oh the campaign has been to increase customer awareness
8:02
Brand awareness sales like oh, this is sorry. I and the share price reacts
8:07
They've come out with a really good financial result and the share price is reacted
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Obviously very well
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But it just shows like unfortunately no PR is bad PR
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I just ask is it is the share price up because sales were generally so good
8:21
It's not that they're just up because of the that would that happened before they announced their financial result
8:26
but the reason people
8:29
By shares in a company and the reason the share price went up before the financial result came out was people were anticipating this
8:37
People were anticipating the fact that everyone's talking about it
8:40
We I didn't even know about American Eagle before this. Do you know what I mean? So we're talking about it
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They're doing something right
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Unfortunately the American Eagle executives as well. I said that the campaign's not going anywhere
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Isn't staying up. It's staying. Yeah, do you think that they knew
8:56
How controversial it was and
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Did it anyway? Or do you think it was almost like I hate to say happy accident
9:03
But do you think it was almost more that than anything? I think they didn't realize
9:08
How bad it would be it came out it was bad
9:12
And now they've seen this they're kind of like oh you know like they just don't I just think people don't really care
9:17
What even is their brand? I don't even
9:20
She's also in the recent campaign
9:23
I mean, it's a very thin line to cross right because it could have gone the other way and being utter backlash
9:30
Like when Pepsi did that campaign with Kendall Jenner. That was terrible. Yeah, she's also sorry like I reckon
9:37
It's a lot to do with the fact that it was just her too like she is so beautiful and also quite um
9:43
Icon it. She's almost like the new fit Megan Fox or something. Yeah, it's like that
9:47
Yeah, yeah, it's simple. Yeah, have you seen the new gap one? Oh, so good for anyone that has not seen this
9:53
It's basically like a dance troupe energy with like 90s 90s music 90s. Thanks. So they're up. It's funny
10:00
There's like memes where it's like the American eagle intern and
10:05
There's a picture of this person that's just like kind of hovering in the background being like oh god
10:09
I'm being fired and then it's like the gap intern and they're like
10:12
Yeah, you know, it's like a marketing intern or something
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Or also so unfair to put it on the get the intern
10:20
Like then just probably like sitting there looking at the American eagle campaign like don't do it
10:24
This is terrible. This is so bad like please don't put it out there and they're like yes my big campaign
10:29
And then there's gets like so much backlash should be like
10:32
Of all the people that knew before that went out that that was an appropriate. Yeah
10:37
I bet you anything the intern that was Gen Z would have been all over it
10:40
But as an intern you're not going to be like hi marketing execs your idea is really problematic. No
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Absolutely not it's like
10:48
Elizabeth Holmes and she had that Theronos company. She's in jail now. It was like what was that sorry? She and she invented
10:54
Well supposedly inventors
10:57
This device where you could prick your finger with a little prick of blood. Yeah, anyway
11:00
Like she never actually had a product she like lied to investors with this whole thing and one of the interns
11:07
Their grandfather had invested a lot of money in the company and he was like there's nothing in this
11:12
There's no product. She's lying like all of this and he was like shut up shut up shut up
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And then it all blew up and yeah
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And it was just in terms kind of like um brainwash master as she doing to be able to such a good sales almost say to the investors
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Like they have like these
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Incredibly powerful people on invested in there which means that you would see those people and be like well if they're if they're invested
11:36
I want to be because they obviously have done do their due diligence and like yeah anyway
11:40
It's like the con artistry of all time isn't it should you we should do a full episode on that because it's actually so fascinating for anyone
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That doesn't know it was basically she she stole we're not stole where she got all this money invested
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And it was the entire thing was a total and every time she like went into a meeting to do a product demonstration
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She kept making excuses like oh, it's just not working because of like you know, but like we'll show you next time or something
12:04
Yeah, anyway, um the book's called bad blood and it's so good. Oh have you read the whole book? Yep
12:10
The whole and there's a move. There's like a docu series Amanda seafood. Oh, yeah
12:15
Yeah, it's a shit that we should do like a breakdown of what happened. Yeah, so interesting
12:20
I'm speaking of scandals. There's another one
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Nestle so they have
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Over two thousand brands in their portfolio, which is insane. So I kept kept obviously Nestle kept kept
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Smarties euro Nespresso like it's gone Nespresso
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Like so many brands under its umbrella. Anyway, it's been struggling for a long time
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I think there is a whole shift to like health and wellness and away from like
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Confectionary and chocolate and like all of that and so they
12:52
Yeah, I've been struggling for a while. They got this new CEO in about 12 months ago
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And even he's been there for 40 years. So he's been in the business for 40 years
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And he's got the top role at Nestle and everyone's like yes, you know someone come in
13:05
This is the night and shining arm to turn this business around and it came out last week that he
13:11
Having an inappropriate relationship with a colleague and he's been outst
13:16
Immediately, who's that who's the colleague? I don't know they haven't given any details about that
13:20
But it's just like everyone's like oh, this is the beginning of the end for Nestle
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You know like he had all the back door, but it's like look what I really want to know what was
13:29
Like was it the receptionist or was it like maybe it was a man internally who like yeah
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Is actually married and it was you know, like I want to know what the scandalous
13:37
It's just becoming more and more common, right? It's like this whole like
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Boss
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Sleeping with I don't know play energy. It's giving it. It's cold play energy like we saw it at like
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There's bit happened at BP it happened to big Donald's like it's just
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Do you like him risking like you've just got to this like you're you can
13:56
Really move the needle here with this business and you just blow it all by you want to have sex just don't get it
14:01
So okay, wait hold on
14:03
Do we think perhaps counter argument? It's not that it's all of a sudden happening
14:08
It's that it's always happened could be yeah, and now
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Ever because of social media and because people's reputations can be destroyed so quickly businesses or people
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They can't take the risks that they used to be able to in terms of like how we're gonna keep this quiet hush hush
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Stop doing that and we'll just like turn a blind eye because you can't anymore. There's also been a
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A lot of what would you call it like a lot of companies have set up whistleblower platforms
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So it's like where you can do anonymous like hey such and such is stealing and you get like full
14:41
What is it an anonymity an anonymity but also there's like yet legally they can't ask who it is like it's very
14:48
Protectors because you know if I came out and I was like look John and I have been having a
14:54
Sexual relationship the backlash that you get is a female. I'm sorry, but it always
15:00
You know a lot of it does land on the female if it's a you know male female
15:04
But maybe that's why it's not the worst thing in the world that these CEOs who are caught in these scandals are being let go of
15:12
You moved on because
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The exact same thing would happen if it was a woman if there was a woman in that role who had been having in a fair with a younger male
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I would also this is me assuming maybe they're not even a who knows what the situation is but
15:23
Point is at least the guys are getting fired
15:26
It's not just because I've worked in workplaces where the room is about like bosses and people that work there are like
15:32
Disturbing like yeah really disturbing and I was always like
15:37
I see from pretending that this is not a big deal. This is so weird like if anything
15:42
It's come out of the me to me to a movement is like height and awareness of an appropriate behavior at work
15:48
Which has been
15:50
Amazing and like the fact that people are a lot more aware of it and not settling for it and whistle
15:55
You can't just blow it under the rug. It's not a but around around a third of UK workers have admitted to having a relationship at work
16:03
Yeah, and that's probably no, which I'm quite surprised you spend
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90,000 hours of our lives on average at work
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You would assume that you meet someone at work or through work or like all of that
16:19
Um, I mean, it's no surprise that there's like a bit of bloodlines, but
16:23
I think there's an appropriate way to do it right. I'm kind of surprised you haven't because
16:28
You've been in a like I feel like I've been in situations where there has not been an abundance of men in the jobs that I've had
16:35
Whereas you're the opposite. Yeah
16:37
You've had like what you've been like a woman in a sea
16:39
I hooked up with like one
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I was as client
16:43
But we shut it down like we kissed and then we shut it down really quickly because it was just like oh no
16:48
So it's gonna be I don't like you enough to like go through the awkwardness. You know like it was just
16:53
Yeah
16:54
Anyway, but
16:56
There's been an appropriate behavior to myself, which has been un-morented. Let's put it over that. Yeah
17:02
I'm not supposed to
17:04
But anyway, I just wanted to like there's kind of a few things to highlight here firstly is that the succession planning
17:10
And the lack of succession planning that a lot of these big corporates have like they didn't they now have no CEO
17:16
Do you know what I mean? And they haven't planned for this and yeah a 40% of CEOs in
17:24
Large corporates don't have succession planning in place
17:27
So like even if it's like someone has to leave abruptly for health reasons for scandal for you know if they pass away like
17:34
These companies have got no leader now and they've got this probably poor person
17:38
It's been thrusted into this robbing like oh my gosh, you know, yeah, I find it really bizarre like I have a friend
17:43
Who's currently on her honey is it honeymoon is that after you're wedding? Yeah, why why is my brain not working
17:49
And they got given a gift for their wedding where they were able to stay an extra week in this like beautiful accommodation
17:55
Like her boss either gave it to her and she was like oh man, I meant to be working
17:59
Though she emailed her boss saying like is there any chance like we take a week if I'm paid leave this is the situation
18:03
Yeah, yeah, yeah, and she was able to but it wasn't like easy breezy and I I just thought this is a giant company that has
18:12
Hundreds and hundreds of employees. Hmm. I guess it's setting the precedent. You have to set a precedent
18:18
But everyone you know you break the rules for one person to give you two days notice of leave
18:22
Then set a precedent of like well Mary was allowed to take leave with to you know like my point is like
18:28
It's almost better with a small company. I reckon because you can just kind of
18:33
You don't have to have procedures of like going through HR or what like yeah, but I guess what I mean is like in comparison
18:39
CEO succession plan and then not being one for these huge huge companies and you're just like what
18:44
It's sort of this like I don't know. I just I feel like you assume because they're a big corporate that they've got their stuff
18:50
Sorted and they've got backup plans at all points of you know
18:54
Whatever happens someone immediately quits or walks away or just never turns up because they've moved to I don't know
19:00
Brazil
19:01
You assume that big companies. It's just not going to touch the sides, but it just blows my mind sometimes how underprepared
19:08
Big companies are and like one one small thing can really throw them
19:12
Oh, so where I just found this I just completely missed this statistic in the ues nearly a third of people
19:19
Have said that they've dated their boss or their supervisor a third of people. Oh my god
19:25
This is juicy. I want to get some like I've been a supervisor
19:29
Oh, and you dated someone younger. Yeah anyway with with newslay
19:33
It's actually slim pickings of who's going to take over
19:36
This company because if we looked at its competitors because usually you kind of saw them in the same pond if you're like okay
19:42
Cool, we need to go find a new CEO. Let's go to craft hines. Let's go to uni lever. Let's go to
19:47
Hershey and like ask or see if that their CEOs or someone is of interest in joining
19:54
But all the issue prices have done terribly all the chocolate brands all the snack brands all like they're all down
20:01
And usually you don't pick a CEO and promote them into a new role if they've due prices down
20:07
Right, I mean in a more zoomed out trend
20:10
Yeah, sitting if we all know now that like processed food is not good for you. I mean not we all like if you are
20:19
Uh, reasonably health aware and you know that like even though it might seem like the easy option something
20:23
It's packet it when you look at the ingredients if it's not like Whole Foods and you don't know what is that theme gummers and all this random stuff
20:29
It's probably not great for your body
20:31
And I think that this trend towards health and well-being and investing in your health and like aura rings and woop
20:37
Hands and yeah
20:39
Lululemon, do you know what I mean? Look, it's it's really the interversus of a griffins like half dips
20:45
I don't know we didn't
20:47
But I think if the cereals I used to eat when I was younger and I'm like that is
20:53
You were sugar. I was starting my day with a bowl full of sugar. Like terrible
20:58
How honest did we I mean
20:59
Power teachers. I have no idea like honestly. I'm just sorry
21:03
It's kind of what I mean. I'm like all these brands um and yes
21:07
They include it like and all the brands that come under it. Yeah, not all of them
21:10
I mean I understand and espresso obviously it's quite different
21:13
The ones that are quite the opposite of health. Yeah, like 10 terms like how they're so many different
21:21
I know snack brands to a lot of it
21:23
No, but why how people buying enough of them to still be so this is kind of what's happening
21:29
It's like people are like a sheer price reflects what's what's going to happen in the future, right?
21:34
And this is why a lot of these snack companies
21:37
Or configuring companies the sheer prices are not doing well
21:41
Because they can see this whole move into health and wellness and people yet not buying as much and I mean
21:46
These these are huge portfolios of brands. Are you got 2000 brands? Yes
21:49
There's someone there that are like vitamins and water and like but that's like
21:53
Source form. It's not going to move the needle
21:56
But what I would be afraid of as Nestle is now it's sheer price is on its knees
22:02
Uh-huh. So the sharks will be circling
22:05
Like pick up a bargain on its knees later. I know. It gives me the heavy GBS
22:10
Kind of seems a bit sexual but it sounds like like someone's about they're like about to give a blowjob
22:15
Yeah, but it's not it's means like
22:18
You're like begging being like please don't buy me. Yeah, please
22:21
Like I'm good. I'm kind of what I think
22:25
Did you make the saying up?
22:30
Nestle is on its knees. Yeah, so it's in dangerous territory
22:32
So turn that sheer price around or the sharks are circling as they say
22:36
The sharks are circling exactly another company where the shark has bitten. Oh no
22:41
It's Pepsi. Pepsi. Pepsi bought
22:45
Poppy that um functional drinks. Yes. Yeah. Yeah, so please spoke about that a while ago. Yeah
22:51
Their sheer price has fallen about 20% in the last 12 months and they have now
22:57
It's come out of that an activist investor
23:00
At his bought a large chunk of stock and what that means is that's when someone usually a big hedge fund
23:07
You know a big company private equity company will buy a whole lot of stock in a company a public company
23:14
and
23:15
Then demand either like a seat on the board or
23:19
You know some kind of governance where they can bring about change
23:22
I like nepotism. I'm buying my job. I'm buying shares so that I can work for this company
23:26
Yeah, try and turn the business around and turn business around
23:28
I've done it in the past. I've done it very successfully and there can be quite
23:32
Yeah, it can be pretty hostile and usually it's right
23:35
Usually that the board is running this company and you get this person on the side come in and be like
23:39
You're not doing it right. I could do it better. It's pretty bold. Yeah, but it's also they make money right if they can have
23:47
Which they've got 2% this is so the company that is bought the shares in Pepsi Co is called Elliot management
23:54
And they have bought a 2% stake there in 2% of the shares 4 billion dollars well
24:00
But they can turn that 4 billion into 8 billion and get a 100% return
24:05
By doing a few changes. It's it's also the current board
24:09
Anyone else that works there also wants that to happen. So it's like kind of that's what I find hard sometimes
24:14
Is it's like but you can disagree on strategy right like yeah, you could be like no
24:18
No, I think the best way to grow this business is to launch into America and they're like no, no, no
24:23
Trust me the best way to grow this business is to
24:26
Double down and focus on what we're good at and so you can disagree on that
24:31
You're both the same kind of end goal of wanting to grow the share price, but this this person
24:36
What do they have experience turning what businesses if they turn around so they've had a lot of success actually
24:42
So when you are an activist invested. It's very successful and this news comes out
24:47
You're kind of
24:49
A master of your own destiny because now people know that you're invested people are buying
24:55
Which starts the share price so you could kind of do nothing, but they don't but you know you could be like oh, I'm buying Pepsi
25:01
Or I've bought Pepsi and then everyone jumps on yeah, I'm selling so it's kind of like reputation
25:05
They're like yep at the moment the share prices increase, but it's it's based on the reputation of
25:11
They're gonna do something. Yeah, it's like when Warren Buffett comes out and he's like I've bought a large stake in a company
25:16
He brings up some because they know that he can spot something they can't he's got a good trick record and
25:21
So they have their previous successes have they
25:24
Made the Twitter when Twitter was not ex before it was ex
25:28
They made the CEO step down and that improved the share price of that
25:33
Starbucks starbucks. They got in the new CEO sales force. They introduced a whole lot of cost cutting
25:39
Actually to profits and like therefore they could do a buyback
25:42
The HP they made them divest this oil
25:45
They're part of the US oil business Pinterest like they've done it so many companies. Yeah, right. Yeah, so
25:51
There could be potential and in Pepsi
25:54
But I just think Pepsi as a brand is all data. It used to be number one, right?
25:59
You used to be like tied at number one coke and Pepsi used to be like the you know
26:02
They'd kind of play it off on each other and be like
26:05
We number one. We number anyway. Now Pepsi's number four. You've got
26:10
Coca-Cola Dr. Peppa no way sprite
26:14
Then Pepsi. That's how badly it's done
26:16
I'm honestly who the hell is mine?
26:19
Like in Dr. Peppa and like Pepsi's brands are things like Gatorade Mountain Dew
26:26
I was thinking I said you could do something really like 90s kind of vintage
26:32
Mountain Dew, you know like Gatorade is so iconic and old
26:37
You could really kind of have fun with bringing them back in a healthier
26:42
Retro way. Yeah, I don't know like I would be like that would be quite cool
26:46
They need to be healthier. I think that's like I mountain Dew and Solomon and do some kind of like yeah
26:51
I work in marketing you
26:54
No, but um
26:55
I think all of these brands not only am I uninterested in investing in them because I yeah, I don't really use the product
27:03
but I
27:04
Struggle to others and maybe I'm in an echo chamber of people that care about health
27:08
But I just cannot imagine people that are spending heaps of money on Pepsi and Mountain Dew and Gatorade and oh my god
27:15
I know I just don't I mean I'm not sure if I sound like a judge me don't
27:19
When I see someone drinking a full-strength coke
27:21
I'm just I'm so freaked out. I'm just like have you been like living under a rock?
27:27
You know how much sugar's in that like you may as well just buy a bag of sugar important your mouth like I just
27:32
I'm not saying that I am the best in terms of what I eat and drink
27:35
But at least when I am I don't know like I'm trying to make conscious decisions right and it's if I know I'm eating a bag of
27:43
Chips it's like I know they're bad for me and I'm not doing it all the time
27:46
I don't know I just to be fair. Yeah, I get a bag of chips like in a heartbeat and I have the entire thing
27:51
And that's pretty shift you like yes, but I think there's
27:56
Is it any better when it's just like all this processed stuff? Do you know what I mean like I honestly those pickle chirps
28:01
I can get a whole giant bag and eat it on my own and I do that kind of regularly. Maybe that's just as a kiss having a coke
28:08
Yeah
28:09
But I think I think a lot of guys have a full-strength coke and I hang over. Yeah, that's a thing
28:14
I just a little I would rather a burger if I'm gonna indulge and
28:18
Put shit in my body. Give me let me say my take and do
28:23
Say give me some fries like I yeah, that would be my
28:28
Hundred percent. I'm not like even me drinking like I like a diet coke but even drinking that I'm like it's brown
28:33
I feel not nor yeah, and like there's there's something just
28:38
The fact that it's not clear which sounds so stupid
28:41
No, it's it's it's it's totally processed and terrible for you. Yeah, I just feel like there's gonna be a day
28:46
I'm it's gonna come out that how bad diet coke is
28:48
I know diet coke is terrible for you. Yeah, you dress like a coke today. Oh
28:53
Okay, it's a really good color on you. Thanks. You sound like I'm a mother. No seriously. Red is your color. Yeah, you're wearing
29:01
I was like yes, mom. It's really nice. Thank you. It's very nice color. Gold price. Oh my god. Yeah
29:07
Gold price has hit a record
29:11
3,500
29:14
Dollars and outs which kind of I guess what I'm saying is it's up 35% this year. It's done fantastically well
29:20
and
29:21
It's surpassed. It's previous high in April. Remember we had that little market wobble in April
29:25
I feel like gold was like yeah, yeah, yeah, yeah, we've passed that
29:30
Um there's some p500 so the US stock market is up 10%
29:35
this year
29:37
Gold is up 35. Wow. It's been the world's best performing asset
29:41
So like if we take property stock spawns like that's gold is the best performing asset which
29:48
To me is concerning because when gold does well the world is turning to shut it's run scared essentially
29:56
It's the flight to safety. It's the like oh gosh. I don't know what the stock market or
30:02
Property is gonna do. I'm gonna put my money into something that is certain which is gold like gold has been essence the
30:10
Dawn of time. It's with all these new things like Bitcoin and
30:14
Hey, and yeah, and it's like oh, no, no, no, I'm just gonna reserve and go back to gold
30:19
I'm just gonna stick in my safe corner
30:21
It's like going back to what I always know is gonna be good and it's like I'm gonna go back into my cave
30:25
Yeah, in my caveman and like my fire and keep warm. Yeah, yeah, that's that's what gold is and they're weighted out and I'm gonna buy gold. Yeah
30:32
But the reason it's done so well recently
30:36
Is and the reason people are worried uncertain is because Trump is interfering with the central bank of the US
30:42
This is just and this is a much bigger conversation and we'll do a raise in the curve on it, but
30:49
It is essentially
30:51
The Treasury so like the interest rate
30:55
Setting and like monitoring and looking after and like the department that sets interest rates for country is very separate to the government
31:02
And it's called the Treasury and then you've got the government and they they cannot influence each other like they're not allowed to political
31:08
The whole point is economical ones political
31:10
Yeah, it's like you you cannot interfere. They don't in any country and what Trump is doing is interfering with the
31:16
What what's called you know the US Central Bank which is called the Fed the Federal Reserve and
31:21
The reason people are jumping into gold is because
31:25
They're scared if Trump interferes too much he wants interest rates to come down
31:30
Which leads to inflation and gold is a really great inflation hedge and it's what people hold when they think when they're scared about inflation
31:38
Because it's hold is it holds its value whereas a hundred dollar note doesn't a inflation takes off that a hundred dollars
31:46
Can only purchase less now whereas gold still holds its price
31:50
So this is why people are running to gold because they're like they're scared that Trump's gonna take over
31:55
the fed
31:57
lower interest rates and increase inflation. I definitely think we should do an episode on this because I actually sent this
32:03
Like I listened to any sort of a different podcast the other day
32:06
And I sent it to work and I was like can we talk about this?
32:08
You're listening to other financial podcasts. I know I've only just started. It's quite weird
32:12
I was just doing a bit of research to see what's out there
32:14
It's all quite confusing if I'm being honest like yeah, I caught bits a bit
32:19
But that's why I sent it to you being like can we talk about it? But can you just explain this for me? Thank you
32:23
Yeah, because I listened to the whole thing and I know what I did sort of like
32:26
I understood parts a bit
32:27
But like at a really high level my main takeaways that there's about seven people that are part of the Fed right
32:33
There's like seven different people that make decisions and people sub in and out and generally it's like four or five
32:37
Yeah, but basically
32:40
The majority if you have majority it's four people and right now
32:43
He's got three people within the Fed that are kind of Trump leaning. Yeah, and he's about he just the person that he's just fired
32:51
Is the first black woman to ever be in there and was refusing to basically do what he was asking
32:58
And has made up kind of this like mortgage thing that share apparently like didn't disclose something
33:05
You know, it basically has tried to like muddy her name
33:08
Get someone else in there so that he has four people and technically has control of the Fed which means he can then control interest rates
33:14
It's like he's
33:15
Infiltrated the educational system with even that's gone on with Harvard which was talked about like you're not allowed to interfere with certain parts of the country
33:24
And they have to say independent right otherwise you kind of are ruling a dictatorship and so
33:30
Yeah, people are just scared that he's
33:32
Scared at how he's overset the market so many other areas. So
33:37
What's stopping him from doing this but also the repercussions of this if he does
33:41
The repercussions that that could have for the economy, but I'm like when is he out?
33:45
I'm like can we do it for years and like this is scary
33:49
Um
33:50
Anyway, I would love to know people who've just heard this tiny snippet of the Fed Trump situation
33:57
If you're listening and think I would really like more of an insight into what's going on with that
34:02
And can you do a full episode? Can you comment where you're listening? Because I personally'm really interested in it
34:08
Yeah, I think I've I realized now how incredibly influential the US market is on the whole world from an economic standpoint
34:15
And so this isn't just something that's going to affect America. It's going to be global waves and
34:22
Yeah, it's starting to get to point where I'm like gosh, he really has his tentacles everywhere
34:28
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35:10
So
35:14
You know, we were like nothing beats a jet to holiday. Oh, it's right. That was nothing beats a jet to holiday
35:20
That was nothing beats a jet to holiday. I'm going to be both terrible. Yeah. Well, there is actually
35:27
Another small group of people were a growing group of people that are having a great holiday
35:33
Well, spending a lot on their luxury holidays and that is we are seeing
35:38
This new wave of Bitcoin billionaires
35:42
Bitcoin has reached record high in recent weeks of a hundred and twenty four thousand US dollars a coin
35:49
Shed that's here. Just trying up and up and up and up and this is all due
35:53
who
35:54
Recently due to Donald Trump being like, you know, he wants the US to be a crypto capital of the world
36:00
He's
36:01
Relaxing a lot of regulation in terms of making it easier for people to invest in crypto like all of that
36:05
So it's just you had a real acceleration this year
36:10
But we are seeing booming demand from private jet companies
36:16
And they're saying
36:18
This wave of Bitcoin billionaires is the reason that they're doing so well the people are being the up large on private jets
36:25
All the things you could buy it costs eighty thousand dollars to get from London to New York on a private jet eighty thousand
36:33
And that's not is that just
36:35
Yeah, five hundred quid it was so expensive like a major when you say it cost that is that for someone that owns the plane
36:41
No, you can charge them you charge them. Yeah, yeah, so you can book like a private
36:47
Gets like you do book commercial
36:49
but
36:51
So you are booking an eighty thousand dollar trip
36:54
Do you think when you say Bitcoin billionaires are pushing up high in private jets is that because Bitcoin billionaires are
36:59
Chartering private plans or is it that they want to buy their own? No, no
37:03
Sorry, they're like they're like you know what I make too much money to fly commercial now
37:07
I'm gonna fly private. I'm gonna spend eighty thousand dollars to get London to New York and that's just like because I've got so much money
37:14
But it used to be like old money, right like big
37:18
You know people that had made a lot of money selling businesses or whatever would have private jets or celebrities
37:23
But this is just new wave of I guess
37:26
Celebrity status or new money and it's Bitcoin money when I think of private jets
37:31
You know how you're like it's sort of old school it it makes me think like of like George W
37:36
Bush getting on a private that's what it feels like that long ago. It's like quite vintage. Yeah
37:41
Do you think this then leads into the whole ESG doing terribly like is that all fed into it like in terms of
37:49
money being in the hands of people who don't give a
37:52
About the environment. Is it anything to do with that because I just feel like so many people that have money now
37:58
I think making a massive generalization, but I think I love it this and go and I instantly was okay
38:04
Go going private jet public companies. Is it obviously benefiting?
38:09
You know like what are what are the private jet public companies?
38:12
It sounds that sounds crazy
38:14
But you wouldn't want to invest in that would you
38:17
Maybe really yeah, what I would not yeah just goes to show
38:22
Bitcoin is doing fantastically well
38:26
People between the age of 30 and 40 spent nearly 30 billion dollars
38:31
Luxury travel in 2023 and that's expected to be
38:34
Over 50 billion so nearly double. Yeah, nearly double and that's 30 to 40. That's like
38:40
40 rolls. Yeah, that's like young people. That's people hours. Yeah. Oh my god. I know
38:45
I love that I'm on my high horse like I wouldn't invest in private jet the first thing I thought when you said that was
38:49
I come
38:52
I don't just the ease or I mean not having to go through airport security or like go through all that kind of jazz yeah, and like
39:00
I mean airports are overwhelming
39:02
Imagine if you just had a little side door that you could go through. Oh my gosh and like go at your own time
39:08
Not be like oh there's only one 8 p.m. Or like 8 a.m. Oh, what's going to do it?
39:12
Yeah, I can go when I'm ready and or I'm like can you just hold the aircraft
39:17
Like but just imagine having that much money that it's just
39:20
Requesting the snacks you want, but I can say I have to pay three pounds for a tea
39:25
I can see why the um communications of the world like private like from our like security kind of
39:31
I think if you're if you're a massive celebrity and you're going to get absolutely molded
39:35
You're pulled to like you know you you wouldn't be able if you were Kim Kardashian getting on a normal flight
39:40
You absolutely wouldn't make it past like the first cure
39:43
You know how it's like oh you try and stop so much into your carry on so you're gonna have a cheek bag
39:48
I'm just imagining Kim Kardashian was like, you know like I'm always running. I've always got like a million things
39:53
Got my coffee man, you know, I just feel like I'm always a bit hot and flustered. Yeah, it's just would be so I'm
39:59
KG over and it's 5,000 feet, you know, I could say oh gosh, I've forgotten to fill up my water bottle
40:05
And now I've got I don't know. Yes, it's admin central. Yeah, yeah, I'm just I don't know how we able to travel with kids like I can't even
40:12
I must say to you
40:14
Every time I fly and there's like you're in this giant queue with all these people and everyone's stressed
40:19
There's so much going on and then you have to
40:23
Like absolutely there's an issue and you're like I feel so sorry for those parents. I hate them. They're embarrassed
40:28
Yeah, they're like I'm so sorry and the kids screaming and you're like oh my god
40:33
I hate the people though that like glare at the parents. I'm like come on
40:37
Do you think they want their child to be like
40:39
Running him up. No, of course they don't like just sometimes you look at the parents and the parents are getting so worked up
40:45
Like screaming at their kids or like exacerbating the situation and you're kind of like
40:51
I know I could all need to be on a lead
40:53
Honestly, you know, there's sort of like backpacks with the bad shot
40:57
Like I used to think it was terrible and I'm like I get it. Oh totally. I took my nephew and maybe attach them to you
41:02
So you've got like carabenas and you just like each lead attached to like a side of you
41:07
I took my three-year-old nephew to an event when I was in Auckland
41:10
M.A. sister and a husband were like put him in the take the pram put him in the pram and I was like no no like
41:15
I can't be bothered with a pram or like I'll just take him. They're like trust me. Look
41:19
And I was like oh, we find anyway. Thank goodness. I took the pram. I honestly nearly lost him
41:25
I he got out for two seconds boom gone and I was like oh
41:29
I don't know anything of Thomas this but I like panic station like it was and then I had this up the other
41:35
My niece and I was trying and I was like gosh, I can see why I strap him in the plant pram, you know
41:40
They just blink of your eye and they're gone. Oh no, so stressful. Yeah. Anyway, sorry
41:44
I mean in all honesty if private jets wouldn't horrendous for the environment. Yeah, I'm on board. I also reckon
41:55
If you think how much
41:58
Like economy used to be like business class, right?
42:01
Like it's every what do you mean like you would back in the day and like the 80s or whatever
42:06
There wasn't life-flat beds or anything like that like it's you literally had a seat
42:11
It was probably like worse than the economy that we have right now
42:14
Like flying experiences getting better and better and better and I on it. I genuinely think
42:19
We will get to a point where you won't just be sitting in a seat. You know like economy will be life-flat beds
42:25
You know like yeah eventually there's got to be some kind of advancements
42:31
Like even in New Zealand now right has you can book in if you're an economy you can book in
42:36
To go and have a sleep in a bed
42:38
But like four hours like they've got life-flat beds for economy
42:42
It's just kind of the co-case of fitting as many people on the plane so that it makes it you can only be worthwhile
42:46
Oh, but yeah, like that's it wants to get through that
42:49
But I just what I'm saying is I think the improvements are filtering down
42:52
From the private jets
42:55
To economy we will be able to take much more carry on
42:58
As I was saying yeah, maybe not an hour late time, but like yeah
43:01
But what I you know when we talk about investments and looking to like forward trends
43:06
Wouldn't you then think if economy or premium economy is gonna eventually feel kind of like business class or private whatever yeah
43:14
That private jets would be doing shit
43:17
From like an economic standpoint because they're always upgrading planes and eventually no one's gonna
43:22
No, I see what you mean. Yeah, no I reckon that the planes
43:26
The planes will become like cheaper to build there be more competition the choice of private will be bigger
43:34
Which means the prices of private will become down more people like I just think they'll be it won't just be economy
43:40
Plans that upgrading private will be too sort of removing with the times. Yeah, and just like everything's kind of leaning into convenience right and so
43:49
There'll be a time where I don't know like leaning into like flexibility convenience
43:54
So saying that hey, you can only get one flight that leaves at a p.m. Or whatever
43:58
I don't know. I just think it will maybe you just advancements maybe things get you a more accessible uber
44:04
Private jet. Yeah, you can can you yeah. Oh my god. Yeah, you're a helicopter. Sorry. I reckon it was that to take over the world
44:11
I agree. I see Uber marketing everywhere, and it's actually quite good and then genius like just as you're exiting the airport
44:17
Yeah, I like it on something here
44:20
Oh, coming from tubing. I'm like, oh, and then it's like uber
44:24
Yeah, like okay, you know, and it's quite good marketing like with the photography and the artwork that they're using
44:29
I'm like I think something big is about to happen. Yeah. Yeah. Yeah. Oh, I've got something I want to ask anyone that listens to this podcast
44:37
Can you please comment on this show on this show on this episode
44:42
Whether you listen to the curve weekly every week whether you listen to every episode we put out
44:48
Whether you prefer
44:49
The interview stuff that we do for raising the curve like I just would love to understand a bit more about who's listening to what
44:55
Because without stats like the back end we can see like how many people listen to each thing
45:00
But we have no context for who's listened to what episode? Yeah, and it'd be so helpful for us to know like do just come back to the curve podcast
45:07
Lesson always the curve weekly you want to know the news and what's going on in the world
45:11
Or do you love the interviews? Do you love both and just don't really care and you listen to all of them like
45:16
Would really love to hear and there's no like right or wrong if you pop in once and listen to a random one fine
45:22
But um any any kind of like listening habits if you could just comment for us to read
45:27
It's been amazing to see all the comments that are coming through like I'll show you that because there's so many that come through any
45:32
Each episode like the Chloe Swabick one there was like foodie comments or something
45:36
It's amazing because it also means if someone else is listening they can see what other people think and feel about yeah
45:42
We seem to want to know if it's one person listening
45:45
thousands of thousands of times or thousands of people
45:49
And then have a great week story that this is a day late look a long story, but
45:54
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45:59
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46:00
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46:10
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46:16
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46:26
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46:31
See you next Tuesday. I mean Monday
46:33
No actually though new episodes out every Tuesday
46:36
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46:45
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