Latest / The Curve / The Eight Stocks Driving the Market Boom.

Transcript

The Eight Stocks Driving the Market Boom. · The Curve

0:00
Welcome to the Curve Weekly, where we read the finance news so that you don't have to.
0:05
What is coming up on today's show, Vic?
0:07
Today we are talking about OpenAI, they've just signed a massive multi-billion dollar deal
0:12
with AMD and why this is important.
0:16
We're also talking about Japan and it's new female prime minister, but don't get excited.
0:21
And we're talking about how in the US, 20 out of the top 25 companies are based there
0:26
and why Europe is significantly lagging.
0:29
And finally we're talking about inflation that is starting to show through in the US after
0:33
Trump's tariffs and interest rates, particularly in New Zealand, that have fallen a lot and why.
0:40
And finally, the hard-hitting journalism coming from me, we have Halloween coming up and
0:44
we need your help to decide what we dress up as.
0:46
So please, at the end of this episode, we share our ideas, we need you to vote.
0:50
Let's get into the episode, but just before we do, Vic has made a massive purchase,
0:55
she would like to share with the team.
0:57
No, I got some new makeup.
0:59
What did you buy?
1:00
I've had the same makeup routine for, like, since I was at 18.
1:03
I got influenced.
1:04
My makeup was running out and I was like, you know what?
1:06
Remember, it's time for a change.
1:07
And so I got influenced.
1:08
I went the falsha bang.
1:10
I bought a contour stick.
1:11
I bought a lip liner.
1:12
I bought, like, this highlighter staff.
1:15
I got really influenced.
1:16
And I should have seen it a lot.
1:18
That's the problem with a big hall of makeup.
1:20
And I might be like, you have to use all of them.
1:23
You can't just be in a rush and just put on the foundation and then run out the door.
1:27
Why give you a different perspective there?
1:28
I think you will use it and you don't have to use it all the time.
1:32
It just means it'll last for longer.
1:33
Oh my god, Emily, before we get going, can you just quickly run into the office
1:37
and grab my handbag?
1:38
I want to show the total makeup blunder that I had recently.
1:41
So this is what happens to me every time I try and buy makeup.
1:44
Just excuse it.
1:44
We brought a whole thing of ex.
1:46
Yeah.
1:46
That is really rude.
1:47
No, it's really dangerous.
1:49
Why?
1:50
You can see exactly what will happen.
1:51
You're step off the chair and you'll stand on your ex.
1:53
Oh, good idea.
1:54
Let me move those.
1:55
So basically, I went to Space and K.
1:59
And I thought, okay, the flawless filter off I go,
2:02
been told it's great, apparently it's good on TikTok.
2:04
Yep, I went in and I thought,
2:05
Color match me, would you?
2:07
Tell me what color it is.
2:08
Oh no.
2:09
I need a full zoom in of how bad this color match is here.
2:12
Okay.
2:13
It's been so much money on it.
2:14
Look, look at the color.
2:17
Point is, if you go and spend like you did
2:20
500 on a new makeup haul, get testers, take them home,
2:25
look at them in every possible light
2:27
before you go and spend that much money
2:28
because it is seriously gutting.
2:30
Anyway, what is the first story of the day?
2:31
We're talking about AI.
2:32
AI.
2:33
Another day, another AI deal.
2:35
I'm actually glad that AI deals
2:37
more popular than Trump right now in terms of headlines.
2:40
Number one story.
2:41
Yeah.
2:41
So open AI is literally on a spending spree.
2:44
Let's set the scene here.
2:45
So open AI.
2:46
You checked.
2:47
You checked.
2:48
Okay.
2:48
Ones, checked.
2:49
And it used to be.
2:50
It was built originally to be a charity, right?
2:52
It wasn't a charity.
2:53
It was not for profit.
2:54
Yeah.
2:54
And then now it is.
2:56
For profit.
2:56
But it has announced a multi-billion.
2:59
Yes, a billion deal.
3:01
Billion dollar deal with AMD.
3:04
So AMD is essentially Nvidia's competitor.
3:08
Yeah.
3:09
So we need to just backtrack.
3:11
Anyone that doesn't understand the context day
3:13
because by the way, you say Nvidia wrong.
3:17
I know.
3:17
I know every time.
3:18
I'm like, you know what?
3:19
She says you say Nvidia, but it's Nvidia anyway.
3:23
Nvidia is the world's biggest company
3:26
right now on the stock market.
3:27
Or why not?
3:28
It's huge.
3:29
And the reason it's so massive is because
3:32
the chips that you need to have AI powered
3:35
and anything in the computer or whatever
3:37
are made by this particular company
3:39
really high-powered, high-tech advanced chips.
3:43
Yeah.
3:43
So like if you think of like a DSLR camera
3:46
and like the law SD cards you've got to put in there
3:48
to take photos or whatever, think about that
3:50
but times a million.
3:52
It's like a chip essentially that enables something to happen.
3:54
It's super super powerful chip.
3:56
Yeah, yeah, yeah.
3:57
So anyway, Nvidia's been almost the dominant player
4:00
with these chips for so long.
4:03
And that's why it's sheer price has just gone.
4:05
Absolutely bananas.
4:06
So AMD, do they have chips as well?
4:08
Yes.
4:09
Yeah, the whole thing that OpenAI is trying to do
4:10
is secure these chips
4:12
because it's going to need tons and tons of tons of them.
4:13
So they're trying to, I guess,
4:15
de-risk the value chain or the supply chain for themselves.
4:18
Does that make sense?
4:19
So it's like, there was a few weeks ago
4:21
they announced a huge deal with Nvidia.
4:23
They were like, look, we need to secure
4:24
a number of chips from you.
4:27
And it was a multi-billion dollar deal.
4:28
Now they've done the same with AMD
4:30
because they're like, we know there is going to be
4:32
so much need for these chips
4:35
and there's going to be so much demand for AI.
4:37
We need to have formal contracts
4:39
and partnerships in place
4:41
so that we can make sure that we can deliver what we can deliver.
4:45
So basically, all the other tech companies
4:46
probably are scrambling right now going, oh my goodness,
4:49
we actually need to do the same
4:50
and secure chips from Nvidia and AMD.
4:53
So are they, let's just, okay,
4:54
so we think about COVID,
4:55
we think about everyone thinking they're about
4:56
to run out of stuff to wipe their bum
4:58
and toilet paper because it's totally through the roof.
5:00
Is it a similar case where they're like,
5:02
right, we need to stock pile chips
5:04
because they're going to be so in demand.
5:06
We need to have cleanets.
5:07
We need to buy them upfront and go to cleanets
5:09
and get all of the toilet paper supply.
5:11
We're going to have a partnership
5:12
and you're going to deliver X number of rolls of toilet paper.
5:15
But then cleanets will be like,
5:16
well, okay, if you want that,
5:17
that's going to mean we're going to have to build
5:18
a whole new manufacturing facility.
5:20
So we need you guys to pay us up front
5:24
in order to secure that so that we can build this new facility
5:26
and have guaranteed orders from you
5:28
to support that investment.
5:30
And quite interesting because one of the things
5:32
that you say about future proofing
5:34
an investment or like looking for a good investment
5:36
is when they have long term partnerships or contracts.
5:40
So for example, if you were cleaning service
5:42
and you were like, well,
5:43
I've just signed a deal that I'm cleaning
5:45
every single flattened London for the next five years.
5:48
It's like almost guaranteed revenue,
5:50
guaranteed visibility on what the business future looks like.
5:53
Which is what this is.
5:54
To a point, if open AI now accounted for like 90% of AMD's revenue,
6:01
for example, that would be a concern
6:03
because you're like, whoa, okay,
6:05
if open AI blows up or actually decides,
6:07
you know, what's true at this context,
6:09
not worth it and goes, you know, like there's a balance.
6:11
But this, I guess the whole preface of this headline
6:16
and this news article is that we are just seeing week after week
6:22
deals like this where it just shows,
6:26
I guess, the scale of the demand of AI.
6:30
The amount of computing power that open AI has secured
6:33
from AMD is the amount that is used to currently power
6:36
the whole of Singapore.
6:38
I mean, I'll be honest with you,
6:39
if you've been to Singapore,
6:40
don't know the size of it.
6:41
But I'm assuming that it's quite a lot.
6:42
It's a whole city.
6:44
And is this that they're buying all in one go
6:46
or is this that they're getting over five years?
6:48
But they've also got the right to then acquire 10% of AMD.
6:53
So they're giving their little tentacles into lots of...
6:55
It's really interesting.
6:56
I reckon zooming out from this is thinking, okay.
6:59
So AMD and Nvidia are the biggest chip providers for AI globally.
7:05
Open AI is essentially trying to get access to the two biggest
7:09
parts. It would be like everyone in the UK
7:12
is starting to eat burgers for breakfast lunch and dinner.
7:14
And let's just imagine for arguments,
7:16
say there's some weird company that feeds the whole of the UK, right?
7:20
And so they're the ones that need to secure the burgers
7:21
to feed everyone.
7:23
They secure a deal with both Burger King and McDonald's
7:26
because they know how many burgers they're going to need
7:28
to feed the whole of the UK.
7:30
It's the idea of that.
7:31
It's like, okay, shit.
7:32
We can't get enough of the burgers we need
7:34
from just one company.
7:36
So we need to get as many as we can,
7:38
which means investing in two big,
7:40
big businesses.
7:41
Do you think that there's...
7:42
And then McDonald's and Burger King are like,
7:44
while we are going to have to open more stores
7:46
to create these burgers,
7:48
there's risk that we're taking.
7:49
We need this to be beneficial for us.
7:51
So you just buy a five-year partnership
7:53
and you need to pour billions of dollars in
7:54
and yeah, so it's like, yeah.
7:56
And then that's when...
7:57
And then that big company that feeds the whole UK goes,
8:00
yeah, okay, cool.
8:01
We'll also agree to buy 10% of your McDonald's
8:04
if you do this.
8:05
I don't know.
8:06
It's so intertwined, isn't it?
8:08
But they're both mutually benefit, right?
8:10
Yeah, so I guess zooming out
8:11
is thinking both of these businesses
8:13
are going to be doing well in the future.
8:15
And it's all because of AI.
8:16
Like they're both benefiting massively
8:19
because of the demand in AI.
8:21
I wonder if we'll look back
8:23
at these conversations in 10 years' time
8:25
and be like, oh, we were so cute, weren't we?
8:27
When we thought like, oh, AI's exploding.
8:29
You know, at that point, I imagine it will be everything's AI
8:32
and we won't even be talking about it.
8:33
And it was just like such an obvious thing.
8:35
I just don't even think we had any context for how big
8:37
this is going to get
8:38
and how much it's going to be taking over.
8:40
You know what I'm really excited to do
8:42
is our predictions between 26.
8:44
Oh my god, I can't wait.
8:46
And I think I'm going to win this.
8:47
So basically for context,
8:49
we did...
8:49
I actually can't even remember what we both said to be fair.
8:51
But at the start of this year,
8:52
we predicted what was going to be happening
8:54
with the stock market,
8:55
how much we thought it was going to be going up or down.
8:57
And I think I won because I said,
8:59
I think it's going to go up and Vic said,
9:01
I think there's going to be a bubble
9:02
because that you do which can't keep going up
9:05
in the same way that it has been.
9:06
Anyway, it will be the last curve weekly
9:08
after 2025 to see who takes the crown.
9:11
In fact, can we get a prize or something?
9:12
Can there be like a prediction queen or something?
9:15
But now, AMD,
9:17
it's two prizes up 100% this year.
9:19
What?
9:19
Yeah, it's outperformed in a video.
9:21
In new year.
9:23
Which is maybe because there was a few moments,
9:25
it was something that happened maybe six months ago
9:28
where there's some stats or data that came out
9:30
that AMD's chips were going to be like,
9:33
Deepseek.
9:34
Okay, right.
9:34
So I was getting confused.
9:35
But this is...
9:36
Deepseek is a different business company, yeah.
9:39
But it's the same kind of company.
9:40
Yeah.
9:40
And that's when they came out and said,
9:42
like, our chips are better than the videos
9:43
and AMD and like, yeah,
9:46
so that was everyone was like,
9:47
oh my goodness, but I feel like it's a rising tide
9:50
lifts all boats, right?
9:51
There's going to be even probably the shit chips.
9:54
We'll be demanded.
9:55
Yeah.
9:56
The next biggest news that we're talking about,
9:58
we have another female and then an important role.
10:02
I feel like it's like every other week as well.
10:03
We have, you know, the first female in this and the first female.
10:06
Deepseek, thanks.
10:07
Yeah, I feel like I haven't heard any news
10:08
like that in ages.
10:10
Well, we had the first New Zealand reserve bank
10:12
governor that was a woman.
10:14
And now it looks like we can have the first Japanese female
10:19
Prime Minister.
10:20
So this lady, Sene Takishi,
10:23
is the incoming the votes in mid-October,
10:27
so in a couple weeks.
10:28
And it is looks like she's going to be the first female Prime
10:31
Minister in Japan.
10:32
So I need to ask you,
10:33
I've seen headlines that are along the lines of,
10:36
you might think it's a feminist move,
10:38
but it's not so what is that about?
10:39
She's not a feminist at all.
10:41
Yeah, she's from the conservative party,
10:43
so she's very socially conservative.
10:45
Right, Langed.
10:46
Yes.
10:47
But also like, let's remember Japan is a very
10:51
deeply patriarchal nation.
10:55
But she's come out and there's also speculation that
10:58
certain things like there is a law
11:01
if you're married in Japan,
11:03
you have to take your husband's surname.
11:06
Oh my god, we should do a deep dive on Japan.
11:08
I would be so fascinated.
11:10
The fact that there's legal.
11:11
And so people were like, oh,
11:12
maybe she's going to revise that and
11:15
yeah, I mean, people are like, well, no,
11:17
she's very conservative.
11:18
She is, she has no interest in women's rights
11:22
or gender equality.
11:24
She is fully opposed to same sex marriage.
11:27
She's openly fully opposed to it.
11:30
Holy shit.
11:31
So when I read this headline,
11:32
I was like, oh my god, yay.
11:34
First female Prime Minister in Japan.
11:36
And then as I dive deeper, I was like,
11:38
oh, yeah, you're right.
11:39
It's not all that's cracked up to be.
11:41
And we can't assume that I get all women
11:43
have the same view.
11:44
And yeah, I mean, it is,
11:46
it is a positive step.
11:47
Don't get me wrong.
11:48
But it's like, it's really interesting.
11:50
There's so much ingrained misogyny
11:53
in a lot of women.
11:54
You know, I imagine it's incredibly condensed
11:57
in a place like Japan.
11:59
But you know, that article I wrote for
12:01
a news outlet a while ago around like the question marker
12:05
and whether or not I'm going to be able to have kids
12:07
based on many different things,
12:09
particularly financially being one of those barriers.
12:11
Anyway, I didn't read the comments
12:13
because apparently they were so gnarly.
12:15
But it was, you know, people saying
12:17
that I was so selfish and like, well, anyway,
12:19
it was majority women that were commenting,
12:21
which is so interesting.
12:23
When you start to try and unwind your,
12:25
like how internalized a lot of that is,
12:28
like there's obviously a lot of internalized racism,
12:30
internalized homophobia, like, you know,
12:33
and that this is from like generations of being told,
12:35
that is wrong, that is not okay.
12:37
And misogyny is like the oldest thing in the playbook, you know.
12:40
And so many of us have been kind of like,
12:43
she would have no idea that she's not a feminist.
12:47
Well, when it's so ingrained in your culture as well, right?
12:49
And you're upbringing in your environment,
12:51
like it does take a very self-aware,
12:55
self-aware strong-world person to go against the grain.
12:58
And to unravel your own beliefs, which is, yeah,
13:01
also just for context for anyone that can't hear this.
13:03
There's someone that's like, obviously,
13:06
I don't know if you can hear that.
13:08
But honestly, it sounds like someone's rubbing like,
13:10
trying to borrow into the wall or something.
13:12
And every time we come to sit down to report our podcast,
13:15
it feels like the construction just kicks off,
13:17
or like people are having a party next door, it's quite annoying.
13:20
So I went to this dinner the other night.
13:21
It was with a bank in the UK.
13:24
No, it was their mice there, I can't.
13:26
No, and it was at this beautiful old, old bank,
13:28
the oldest bank in the UK.
13:30
And I actually got a video of King Henry's ledger,
13:35
like his transactions.
13:36
It's like, that's how old it was.
13:37
Like King Henry used to bank that, you know.
13:39
Which is what? I mean, how many years?
13:41
17 hundreds.
13:42
Yeah.
13:43
Anyway, we're having this beautiful dinner.
13:45
I'm so scared that a mouse is going to come out.
13:47
I was talking to the lady from the bank
13:49
who was hosting the dinner and out of the corner of my eye.
13:51
I saw it.
13:53
And I was like, oh, my God.
13:55
And she's like, she turns around and it was gone.
13:57
And I was like, she's like, what?
13:59
And I was like, oh, I can't.
14:00
Like you've like, I'm your guest.
14:02
And I'm saying, you know, like you would die.
14:04
And so I just sit in this other lady's like,
14:06
I thought I saw something.
14:07
And I was like, I don't know what it was.
14:09
And honestly, the whole time I was just looking down the hallway,
14:11
just being like, oh, my God, I'm going to see it again.
14:13
I'm going to see it again.
14:13
Anyway, it's a little mouse.
14:15
No, not a little mouse.
14:16
Don't tell her like it's cute.
14:17
I know, but I went to time.
14:18
It's probably just cold.
14:19
Anyway, there is like a little like in my living room,
14:23
there's the slight.
14:24
There's definitely something happening in one of the walls.
14:26
Because actually when me sovics dog came round,
14:29
me so I was just sitting in front of the wall
14:30
and she kept putting a poor on it.
14:31
Like she knew there was something there.
14:33
I was like, I'm trying to compartmentalize the fact
14:36
that there's no mouse in the wall.
14:37
She would be shit with the mouse.
14:37
She would run away.
14:38
Yeah.
14:38
She was trying really hard to get in there.
14:40
So good girl.
14:41
But it's winter.
14:41
So they're going to come inside.
14:42
Oh, let's go.
14:43
So I promise.
14:44
Anyway, yes.
14:45
This Japanese Prime Minister, she's very pro stimulus.
14:49
Stimulus.
14:49
So you're stimulating some.
14:50
Stimulating the economy.
14:51
Yeah, yeah, yeah.
14:51
OK, right, yeah.
14:52
So she's trying to get things sexy.
14:54
So a lot of government spending.
14:56
And she is inheriting a stock market.
14:58
The Japanese stock market is at all time highs.
15:00
I was going to say it's doing really well.
15:02
It's doing so well.
15:03
And it's actually outperformed the S&P 500
15:05
over the last five years.
15:06
So the Japanese index, the S&P 500 equivalent,
15:12
it's called the Nikkei 225.
15:14
All of it's co-I love it.
15:15
The Nikkei 225.
15:16
Yeah.
15:16
So there's 225 companies.
15:18
Warren Buffett was the one that led this.
15:20
David, what was his thing?
15:22
I can't even remember the reason.
15:23
He bought a whole bunch of Japanese companies
15:26
because they had such a period of deflation
15:28
and lack of immigration.
15:30
And like they were kind of just opening up their economy
15:33
a lot more to the world and bringing a lot of changes.
15:35
Which have actually delivered, right?
15:38
Because a stock market is a reflection of the economy.
15:40
I think this could be, despite her more personal views,
15:44
I think this could be really good for Japan.
15:45
Okay.
15:46
What is happening?
15:47
Story number three.
15:47
Story number three, Batman.
15:49
Oh, okay.
15:50
Batman stocks.
15:51
Sorry.
15:52
Actually, Batman.
15:53
Batman.
15:54
Okay, and here for it.
15:55
Two A's.
15:56
Oh, Batman.
15:57
Two A's and two A's.
15:59
Anyway, we're talking about the US versus Europe.
16:01
So last week when we were talking about
16:03
the London Stock Exchange,
16:05
potentially, you know, it's, it hasn't done too well.
16:08
And, you know, there's a lot of interest
16:09
in investing in US companies because of AI.
16:12
There is an incredible stat that's come out
16:14
that 20 of the most 25 valuable companies in the world
16:17
are in the US.
16:18
And only one is in Europe.
16:19
That says something about, I guess, the,
16:22
kind of the overarching view of the world, right?
16:24
I just imagine Trump getting a heart on over that.
16:27
I know.
16:27
It's the coolest thing in the world.
16:29
Can you imagine?
16:30
Oh, I know.
16:32
I mean, look,
16:33
it's been like that for a while.
16:35
Yes.
16:36
Yeah.
16:36
And it's not anything
16:37
that's related, I guess, because of AI.
16:39
Like, if you think of Europe's top companies,
16:41
they're like LVMH,
16:43
Hermes, they're luxury brands,
16:45
they're industrials like Shell and Simons
16:47
and they've seen Simon's,
16:49
how do you say?
16:50
Pharmaceuticals, you've got like AstraZeneca,
16:52
you've got, you're like all of those companies.
16:55
Yeah, I mean, it's not exactly household names.
16:57
It's not like, oh, my God, I'm just in Shell.
16:59
Yeah, no, yeah.
17:00
So anyway, it's those real slow growth sectors.
17:04
And so that's just kind of led more to this divide of people
17:07
putting more money into the US.
17:09
Therefore, the US getting more,
17:11
the company's going up in value.
17:13
Therefore, it looks like a much more exciting stock exchange.
17:15
It's just such a vicious cycle.
17:17
Yeah.
17:18
Yeah.
17:18
You need someone to almost be the post-child
17:22
or the post-acumpt name that makes Europe's
17:25
or like stock markets cool again.
17:27
But like the reason that they're all
17:30
dominated in the US is because of AI.
17:32
Like the way you unwind that is like,
17:35
create a really conducive, innovative environment
17:39
in your country that breeds innovation
17:42
and that allows people to come
17:45
that have the expertise and all of that, you know,
17:48
that you need to be tax breaks for new businesses
17:51
like all of that kind of stuff,
17:52
even though it takes generations to pan out.
17:55
That is what helps make the next US, I guess.
17:59
And it's interesting because I think
18:00
from our perspective, you can look at the US right now
18:03
and think it's always been so strong or China.
18:05
It's always been so strong.
18:06
But actually, that's not the case.
18:07
The reason China has had such a glow up financially,
18:11
it used to be, or maybe it saws,
18:13
I don't actually really know the details here,
18:14
but the idea that it was targeted
18:16
as a really cheap place to make things
18:18
has boosted its economy.
18:19
Like that's taken time.
18:20
Yeah.
18:20
So in the same way that change can be made over a long period of time
18:24
and now China is actually a real threat to the US
18:26
because it was once one of the poorest, you know,
18:30
really like not flourishing economies.
18:32
And that's changed over years and years and years, right?
18:36
So your point here is that it's not to say
18:39
that Europe can't all of a sudden become a really strong place
18:42
for companies to list and for companies to thrive
18:44
but there's so many things that need
18:46
to be changed like government or policy level
18:48
to enable innovation, tax breaks for corporates, et cetera.
18:53
To be able to see a shift.
18:54
Yeah.
18:55
And when we spoke about those visa hikes in the US,
18:58
the H1B visa was going up in Priceburg.
19:02
I think I was away that week,
19:03
but it was basically it's kind of a hundred percent or something.
19:05
It was like gone up from like $2,000 to $100,000,
19:09
which prevents people from being able to enter
19:10
that aren't from the US.
19:12
So it's like this is kind of,
19:13
there's been increasing rhetoric around
19:16
is there an AI boom?
19:18
Is the US going to outperform in the next 10 years
19:20
or is it going to be something else?
19:22
I was also really interested in the idea
19:23
of sort of cutting visas and international talent.
19:27
It will be really interesting to see the flow on effects of that
19:29
because what Trump is essentially saying is innovation
19:32
and business is only really led by
19:35
and should only be led by Americans.
19:37
Yeah.
19:37
And we have all the resources internally
19:39
to create value.
19:41
And everyone else go do your thing.
19:43
Yeah, actually what would be amazing to see
19:45
over a long period of time is if everyone's like,
19:48
cool, if you then will go and start companies here
19:51
and do this and use our talent in different ways
19:53
and prove the value of diversity is...
19:56
Which is what you would say.
19:57
Why am I cool?
19:58
How cool it would be if Australia and New Zealand
20:00
was like, come here.
20:01
I don't know, it would be great for smaller countries
20:04
to be like open arms.
20:06
To like, wake up.
20:07
The idea that you can actually attract
20:09
amazing talent in people if you have the right policies in place.
20:12
Yeah.
20:12
The Batman stocks.
20:13
Wait, remind me about the Batman stocks.
20:15
So I want you, can you try and guess?
20:17
Oh yeah, love it.
20:18
So this is the top big tech companies.
20:20
The eight biggest leaders in the US.
20:22
The B, I don't think we've even...
20:23
Oh my god, I was gonna say the B.
20:25
I'm like, I don't know, the big...
20:26
Yeah.
20:26
Okay, wait, wait, Amazon.
20:28
Yep.
20:28
A.
20:29
Emily, could you maybe come help on the microphone?
20:31
Do you have any ideas?
20:32
Tesla.
20:33
Yes.
20:34
Apple.
20:34
It's Batman with two eems and two A's.
20:36
Okay.
20:37
Metal.
20:38
Yes.
20:39
Another M.
20:40
Microsoft.
20:41
Yep.
20:41
Oh, Apple.
20:43
Yep.
20:43
One more A.
20:44
Oh, shit.
20:46
So you're missing the B, but you've got Amazon,
20:48
Tesla,
20:49
Metal, Microsoft.
20:51
Apple.
20:52
What?
20:52
I'll flip.
20:53
Yeah.
20:54
Yeah.
20:55
Emily running to the line.
20:56
And in the last one?
20:57
In.
20:57
In video.
20:58
Yeah, yeah, yeah.
20:58
Oh, my always so clever, Emily.
21:01
So the B is Broadcom.
21:02
Oh, what is that?
21:03
I know.
21:03
It's been...
21:04
It's like, kind of, I think, my new Microsoft.
21:07
Oh, no.
21:08
It's been very under the radar.
21:10
But it's done.
21:11
You have given Microsoft a wide birth for the last time.
21:14
I know.
21:14
A little while.
21:15
You've really given it a bit of a breather, which, you know,
21:17
I'm sure we've run an appreciate.
21:18
I know.
21:18
It's actually, I keep checking in.
21:19
I'm a portfolio.
21:20
I'm just like, go, you good thing.
21:24
Anyway.
21:25
So what?
21:26
Sorry, sorry.
21:26
So the Batman...
21:27
The Batman...
21:27
Let's link this back to you.
21:28
The two eight leaders.
21:30
So they used to be called the Bang stocks.
21:33
The Facebook Amazon.
21:34
Yeah.
21:34
And then Facebook turned to me.
21:35
Anyway, now the Batman stocks.
21:37
So the eight top leading companies in...
21:40
Which is a little thing in Batman, like,
21:42
so they are gnarly and aggressive.
21:44
Let's bring some fun to the Wall Street.
21:46
Investors in the Batman stocks.
21:49
Just on this.
21:50
This has given me an idea for Halloween.
21:52
This could be a Halloween dress up.
21:54
Bangs and Batman.
21:55
Bangs and Batman.
21:56
Anyway, we'll come back to that.
21:57
Listen to the end of this podcast
21:58
because we desperately need your help
21:59
with what we dress up as for Halloween.
22:02
Anyway, that's what I had on that.
22:03
Wait, sorry.
22:03
What was the point here?
22:04
Is one of these in Europe and the Western America?
22:07
No, it's just saying that
22:08
out of the top 25 most valuable companies in the world,
22:12
we can take them in the US
22:13
and only one is in Europe.
22:14
And any of the Batman's in...
22:16
Yes, the top eight.
22:17
They're all American companies.
22:19
They're the top eight in all in America.
22:21
All the Batman's are in America.
22:24
What I was trying to say here is like,
22:26
Europe is very old world,
22:27
luxury industrials, pharmaceuticals.
22:29
And that's just not what people are interested in investing in.
22:31
And the last thing I want to touch on
22:33
is inflation and interest rates.
22:35
She's done this first.
22:36
Why?
22:36
Because it's all right.
22:37
You've always related and not said that this last.
22:39
So we are starting to finally see...
22:42
Not that that's a good thing,
22:43
but finally see inflation coming through
22:46
in the US post-tasking.
22:47
Oh shit, it's happening.
22:48
So that was April.
22:49
He announced the tariffs, most of them.
22:51
And six months later, we're starting to see it really come through.
22:56
And things like audio equipment up 14%.
22:59
Sorry.
23:00
Who's tracking audio equipment as if it's like a
23:03
barometer for a terrorist in a position?
23:04
No, but it's more like the things
23:06
that are most imported into the US.
23:08
First off, when we're...
23:09
You know, first off of the rank,
23:10
where we've noticed inflation,
23:12
audio equipment.
23:13
It's like, are you serious?
23:15
Well, no, it's like they're looking at...
23:17
Sorry, they're looking at the...
23:18
The three people in the US.
23:20
They're looking at the things that get import...
23:25
The biggest imports into the US.
23:27
So it's dresses, like clothing.
23:29
I've been sent hardware.
23:31
I've been five, anyway.
23:32
I'm just trying to get it the fact that we're starting to see it come through,
23:35
particularly in audio equipment.
23:38
In relation to that,
23:39
we're also seeing in New Zealand.
23:41
We had a massive rate cut.
23:44
Rate cut of interest rate.
23:45
Interest rate cut, yeah.
23:46
And we kind of spoke about the whole
23:50
exporting the butter last week,
23:52
in terms of getting higher prices butter over seas,
23:54
marine health.
23:55
The New Zealand economy is not doing very well.
23:58
And they've now just had a half a percent cut,
24:02
interest rates, which is quite...
24:03
That's one of the biggest moves, really.
24:06
Usually it's 0.25.
24:07
So the 0.5 percent?
24:09
0.5 percent.
24:09
This is the lowest level it's been since July 2022.
24:12
And it's all because of the worry about the economic growth there.
24:15
So they're...
24:16
They're going to stimulate the growth.
24:17
So the idea of having lower interest rates
24:20
means more people want to spend.
24:21
Yeah, more businesses want to...
24:22
And because they're worried about people not spending,
24:25
because of all this inflation chat,
24:26
they're like,
24:26
we need to bring interest rates down quite a bit.
24:28
But inflation,
24:30
it's at 2.7 percent in New Zealand.
24:33
So it's at the top of that 1 to 3 percent band.
24:35
So they're watching that like a hawk,
24:37
because if that starts going up as well,
24:39
that's really bad.
24:40
All regions now are pretty manageable inflation.
24:42
But I guess the reason we're highlighting New Zealand is like,
24:45
they need to manage.
24:46
If you're decreasing interest rates this fast,
24:50
then you need to be very careful that inflation
24:51
doesn't start running away.
24:53
Like Australia stops decreasing interest rates.
24:55
They don't need to.
24:56
So therefore the inflation is manageable.
24:58
Like all of that,
24:59
whereas it's just one thing,
25:00
one major thing to be aware of.
25:03
And then I've introduced a new segment.
25:05
We cannot call it what you've called it.
25:07
The warm fuzzy of the way.
25:08
Oh God, it's just really.
25:09
It's giving primary school teacher.
25:12
I mean, whether I'll be able to find something
25:13
every week is probably another fine.
25:16
Okay, we'll look.
25:16
Introducing a new segment for this week.
25:18
Okay, so we're trying to,
25:19
we're trying to lift the mode here.
25:20
We'll do a bit of a brainstorm.
25:22
If anyone has any ideas on what we can call this segment,
25:25
at the end of the podcast,
25:26
please comment wherever you're listening.
25:28
That's some very creative people come through
25:30
for what our financial book club should be called on socials.
25:33
Someone said financially lit.
25:34
I was like, quite good.
25:35
Oh, there.
25:35
Sents and sensibility with a, like,
25:37
sense and sensibility.
25:38
I was like, genius.
25:39
Yeah.
25:40
So anyway, the idea of the segment
25:42
is to like try and bring a bit of a positive spin
25:44
to the end of the week.
25:45
Yeah.
25:45
So we, sorry, to the new cycle.
25:47
Yes, to the new cycle.
25:48
So we have, we've got an ageing population.
25:50
Baby boomers, they're retiring.
25:52
You know, and there's a lot of talk about them being
25:54
quite a drain on society, like from.
25:56
It's pretty brutal, isn't it?
25:57
Hension-wise, like, healthcare-wise, like, yeah.
25:59
And there's this thing in Italy where old men
26:03
go and stand at construction sites
26:05
with their hands behind their backs
26:06
and give unsolicited advice to the construction workers.
26:08
Because they've got nothing to do during the day.
26:11
So they stand there and, like, they're obviously
26:13
very experienced.
26:13
It's a gender annoying.
26:14
Well, I think it's kind of a bit of both.
26:17
I think it's cute, but probably the construction workers
26:19
are probably, like, going away.
26:21
And it's cool.
26:22
They're just trying to take part.
26:24
They're just trying to help out a bit.
26:26
Suddenly, they're like, they're trying it.
26:27
They might have some very good insights.
26:29
Yes, well, now it's actually become an official thing
26:32
that they do is that they oversee, like,
26:34
this place in Italy and Northern Italy
26:37
has actually, officially, named, it's called,
26:41
it's got the name, umaril, umaril.
26:43
It's like, it was a term of this elderly Italian.
26:44
Okay.
26:45
And they have decided to make them official
26:49
and, like, make them actually feel part of society.
26:51
And they're overseeing parks
26:53
and they're overseeing construction site.
26:54
And they report back if there's, like, anything
26:56
that needs fixing or anything that's, yeah.
26:59
And they've actually made them actual members of society.
27:03
What do you mean?
27:04
Like, are they getting a title?
27:05
Volunteer work, but it's still like,
27:07
it's being recognized that they're actually being
27:09
totally, they're not annoying.
27:09
They're being helpful.
27:11
And yeah, that is so sweet.
27:14
And I was like, this is like a whole bigger thing of,
27:17
how do you make people feel valued and society?
27:20
And they're important.
27:21
They've got to a point where they probably,
27:23
they don't want to work hard labor or in an office
27:26
or anything like that all day, every day.
27:27
But also, they're the wisest people.
27:29
Totally, they've got so much knowledge.
27:31
And I actually thought it would be genius.
27:32
I mean, I was like, they just invite someone
27:33
to sit on the corner of the curve, like,
27:35
office, we could use a bit of wisdom, couldn't we?
27:37
Well, this is what I remember talking to,
27:39
I'll see if I'm out of this.
27:40
And he was using his dad who's an ex-lawyer for some things.
27:43
I was using my mom who's an ex-accountant
27:45
and we were like, there's a business there.
27:47
There's a market for the dogs.
27:48
Like an Airbnb and we called it,
27:51
we called the boomerang.
27:53
They come back again.
27:54
I love that.
27:55
And it's Airbnb style platform
27:57
and you can, like, say what you need help with.
27:59
This is a real thing or is this your idea?
28:00
This is genius.
28:01
I know.
28:02
Please, nobody steal it.
28:03
I'm going to do it after the curve.
28:04
It's such a good idea.
28:05
Making it feel valued and helpful.
28:07
And obviously, it's like,
28:08
gotta be project breaks because I'll probably take a while.
28:11
I mean, it would be great for you
28:12
because you'd get your mum off your back.
28:13
For a long time,
28:14
I lane fixed mum.
28:16
Absolutely bowed down to her,
28:18
helped us with our accounts for a long time.
28:20
And it was just so funny because, like,
28:22
the amount that I lane would contact back then, like,
28:25
they can need to talk to you about the accounts.
28:27
You know, like, it was, it was,
28:28
and she was like, have you read my email?
28:29
I'm like, no, no, no, no.
28:30
Well, when did you send it?
28:32
30 minutes ago.
28:33
You might, you know, anyway.
28:34
She, I think, was, that would love to find a new source
28:39
for her incredibly intelligent mother.
28:41
Yes.
28:41
To funnel her time and energy in terms.
28:43
Yes.
28:43
And for all the other older people out there
28:45
that still want to contribute to being
28:48
and have got years of knowledge.
28:50
Yeah.
28:50
Anyway, I love this idea.
28:52
Also, what a great thing to then look forward to
28:54
because everyone, I think,
28:56
everyone wants to give back.
28:57
Everyone wants to feel involved
28:59
in what they're doing things for good.
29:00
You know, like, if I could think about myself,
29:03
I want to be able to stop working
29:04
so that I can just do things for other people.
29:06
If you don't want to, you don't have to.
29:07
Yeah.
29:07
I could imagine seeing that as, like,
29:09
it's the joy you want for two to give back.
29:12
It's the joy you get, like,
29:13
even looking after green kids, right?
29:14
You know, like, it kind of,
29:16
you know, pay desert babysitter,
29:17
but you know you're doing something good.
29:18
Before we wrap up,
29:19
we have an incredibly important thing
29:21
that we need a bit of help with.
29:22
We spoke about this last week.
29:24
And perhaps we can play a little clip
29:26
of what actually went down.
29:28
I was thinking this yesterday,
29:29
so Halloween is coming up, right?
29:31
Yes.
29:31
Could we do a scary episode on
29:34
how when someone gets into power in government,
29:37
they can have a really terrifying impact
29:39
on the economy if they do dodgy shit?
29:42
Emily, off mic, just said,
29:44
could we please dress up as Trump?
29:46
I'm here for it.
29:46
I'll do Melania and you can do Trump.
29:48
Fine, I'm fine with that.
29:50
Last year, Vick dress up as inflation
29:51
and I was Taylor Swift.
29:53
And we were trying to dress up
29:55
as something that influenced the stock market.
29:57
Was that Halloween?
29:58
Yeah.
29:59
And we picked it out,
29:59
and I remember thinking,
30:01
I really hope that gets inflation
30:03
because I know that we're dressing up
30:04
inflation in a giant blow-up,
30:07
ridiculous outfit.
30:08
And I was such a good sport.
30:09
You were a really good sport, you were.
30:11
She had actually your face paint was quite cool.
30:13
She was a full green face,
30:15
like a big dollar sign on.
30:16
Anyway,
30:16
and I got to be telly Swift,
30:18
which I must say, I don't think I really nailed it.
30:19
Wasn't looking back, you.
30:21
And the reason we dress up as though
30:22
was because one had a massive positive effect
30:26
on the economy,
30:27
and one didn't.
30:28
Anyway, this year,
30:29
we floated the idea of dressing up
30:31
as Melania and Donald Trump.
30:32
And I don't know how this came up
30:33
and we're like, this is hilarious.
30:35
Ha, ha, ha, ha, ha.
30:36
And then in our Slack channel postwork,
30:39
Vick was like, we're taking it too far,
30:40
we can't be dressing up as Donald Trump.
30:42
It's a bit off.
30:44
I'm just more thinking,
30:45
if I want to go to the States
30:46
at some point in my life,
30:47
are you reckon you've been dressed up as
30:50
and might buy you from New York sometime?
30:52
100%.
30:53
So anyway, we've come up with some ideas
30:55
and we need you to vote
30:56
on what are we dressing up as for Halloween?
30:58
So we've got a few different ideas here,
30:59
which we'll run through.
31:00
We'll put some kind of poll in the podcast
31:02
if you're listening, please,
31:05
you cannot in hindsight say,
31:06
I'd dress up sucked or weren't funny
31:08
if you hadn't taken part
31:09
in what we should be dressing up as.
31:11
Let's run through what the options are.
31:13
Option number one,
31:14
which Vick's not excited for is Melania.
31:16
We're a financial podcast, Sophie.
31:18
Yeah, but Donald Trump has impacted the stock market
31:20
in a scary way more than anything.
31:21
I like number three,
31:23
but you know, it's got number two.
31:24
Number two, Binance Bros.
31:25
I mean, we could draw fake moustaches
31:27
and stuff on and I love estes.
31:29
Yeah, they get the G-lays and you know,
31:31
go into bank and London and just like,
31:34
they all wear those two, the coffee vest.
31:36
Yeah, so we could really take that to the next level.
31:39
So Binance Bros number two.
31:41
The third one, which has been thrown in as a wild card
31:43
from Emily, which I must say, absolutely love.
31:46
I quite like this.
31:47
Bull and bear.
31:47
Yeah.
31:48
Bull and bear markets.
31:49
It's basically the idea is,
31:50
is the market going up or is the market going down?
31:51
That's like finance terminology.
31:53
The earth we would just have is that I have no idea.
31:55
We're going to need more from the budget,
31:56
the podcast budget to be able to dress up as a bull and a bear, I think.
32:00
We have a hundred pounds right now,
32:01
so that's absolutely not going to cut it.
32:02
And what?
32:03
A late comma?
32:04
Late comma.
32:05
Because in the last 30 seconds.
32:08
The Fang and the Batman stocks.
32:10
Yeah, so someone would have,
32:11
be like, Fangy and Womb and Batman.
32:14
So we're going to reveal this
32:16
for the Halloween episodes.
32:18
Yeah, so if you do have any better ideas,
32:21
please, please, please have better ideas.
32:23
By the comment.
32:24
Yeah.
32:24
What you think you should vote for,
32:25
like, of one of these four options,
32:27
or if you want to throw any other wild cards in there,
32:29
please go for it.
32:30
Yes, please throw in some.
32:31
Melania and Donald Trump.
32:33
Binance bros.
32:34
Bull and bear.
32:35
Or Fang and Batman.
32:36
Or, or,
32:37
there's other hot topics you've got or ideas.
32:40
I like this something that's had an impact,
32:41
a positive impact or something that's had a negative.
32:43
You should dress up as some audio equipment.
32:45
Just have chords around my neck.
32:48
So, right.
32:50
We're obviously, we would love your input here.
32:52
I'm excited.
32:52
I'm never so excited.
32:54
I'd love to dress up.
32:55
Quick note before we do wrap up, Virk.
32:57
Yes.
32:58
Last week at the start of the Curve Weekly,
33:00
we spoke about the importance of
33:02
understanding business,
33:03
and if women wanted to know more about business,
33:05
and like how to launch businesses,
33:07
how to get capital blah, blah, blah.
33:09
So the options we had were,
33:10
are you interested?
33:11
Yes, definitely.
33:12
Maybe not for me.
33:13
Literally nobody voted for not for me,
33:16
or I already know.
33:18
96% of people said they want to know more about this.
33:20
So I think we're going to have to do a bit of
33:21
nice work on the whole like,
33:23
business education behind the scenes.
33:26
Because I agree.
33:26
I had no absolutely,
33:28
I had no context for anything about business.
33:31
I think it's very similar to money and investing.
33:34
It's such like a gated, confusing thing,
33:36
unless you've studied economics or worked in a business.
33:40
You have no idea.
33:42
Yeah, I think we should definitely talk more about this.
33:45
Yeah, we're going to go plan some content, plan an episode.
33:47
So watch this space that thank you so much for everyone
33:50
that does like comment and vote in poll.
33:52
And she has the podcast with friends
33:54
because the interaction is like,
33:55
firstly, it's so fun for us to see.
33:57
Because when you're sitting in a room with podcasts,
33:59
might as you kind of forget people listen.
34:00
Yeah, it's nice to like have some interactions.
34:02
And I use a lot of likes and shouldn't even.
34:05
Yeah, because you forget people are listening.
34:07
Swear words and yeah.
34:09
Thank you for listening to the Curve Weekly.
34:10
Thank you for the research you did back.
34:12
And we will see you next week.
34:15
Thank you so much for listening to the Curve Weekly.
34:17
Make sure you hit the subscribe button to stay up to date
34:19
with all the many business stock market news.
34:21
And if you like what you heard,
34:23
we would love a review.
34:24
Thank you.
34:25
Yes, we would love a review.
34:27
That if you did hate it, please.
34:28
Yeah, don't leave one if you hate it.
34:31
No, but in all seriousness, could you please leave a review?
34:33
Because it really helps other people find our cute little podcast.
34:36
And we hope you have a good week.
34:37
And see you next Monday.
34:38
Bye, bye.
34:41
So yeah, see you next Tuesday.
34:43
Well,
34:43
see you next Tuesday, I mean Monday.
34:48
No, actually though, new episodes out every Tuesday.
34:54
Okay, quickly, the Curve was created to empower and educate you about investing,
34:57
but we are not financial advisors.
35:00
Our platform exists for educational purposes only,
35:02
and it doesn't provide personalized investing advice for your individual needs
35:06
and should not be relied upon to make an investment or financial decision.
35:09
And always remember to do your own research
35:11
before making any investment or financial decision.
35:14
We're here for any knowledge and support you need,
35:16
but the final call is always yours.
35:18
And thanks for being here.
35:19
You got this.
35:20
Yeah, we know you got this.
35:21
Rince takes your laundry and hand delivers it to your door,
35:24
expertly cleaned and folded.
35:26
So you could take the time once spent folding and sorting and waiting
35:29
to finally pursue a whole new version of you,
35:32
like tea time you.
35:35
Or this tea time you.
35:37
Or even this tea time you.
35:40
Said you hear about Dave?
35:41
Or even tea time tea time tea time you.
35:45
So update on Dave.
35:47
It's up to you.
35:48
We'll take the laundry.
35:50
Rince, it's time to be great.