Latest / The Curve / TCW14: An expensive Easter, Apple's secret and Aesop is now public!

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TCW14: An expensive Easter, Apple's secret and Aesop is now public! · The Curve

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  Hi and welcome to the Curve Weekly. The podcast that keeps you up to date with
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  all the money, business and stock market tea. I know exactly what I needed to do
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  but it would take money to get there. Show me to much. Show me the money! For the
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  record feminism by definition is the belief that men and women should have equal
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  rights and opportunities. Everyone should experience for us class at least once in
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  their lives in Annie. Shouldn't miss out just because she can't afford it. Help me
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  Nice TV. Vick is wearing her merch. For my rolled Stuart concert last night. I
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  feel like, you know when people go on holiday and it's like, you know, they come back with like
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  I love Bintang Talks. It's like, oh, it'll be being Thailand. Yes, I've been to a concert.
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  How was it, right? Right. The actual concert, do you remember it? Yes, I remember it.
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  Vick's like, we got four T-shirts last night. We just came up with four T-shirts. We
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  were drunk, we just all put them on. I was like, and then I left my top there and the seats
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  I was like, damn it, shit. Was it a nice top? Obviously. Yeah, I know. Really. But also, I'm
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  like, why was I getting naked in the stands? Stripping off. We had great seats right in the
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  bleachers of the back. I don't even know what a rolled Stuart song. Do I know a rolled
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  Stuart? Yeah, think I'm sexy. I don't know if it's really my style. I mean, I'll definitely
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  rip the T-shirt. Yeah. You can borrow this paint. Can I? Yeah. I really love it. Oh, you
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  can paint me. How much was it? I didn't buy it. Yeah, it's like a road. I can only
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  have your poor friends and you didn't even pay for it. Oh, but no. Here we are. Easter
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  Monday and here we are in studio recording a pot. I've actually had like no Easter eggs.
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  No, neither. Oh, no, I've had one. But like, usually I'm like, oh my god, Easter. And
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  I really indulge and make the most of Easter weekend, but I haven't really. I've just been
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  having hot cross buns, like they're going out of fashion, which I guess technically they
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  are today's the last day. Oh, yeah. But I've been having like, someone said to me, yesterday,
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  do you want some hot cross bun with your butter? And I was like, yeah, that's fair. Like
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  thick cake on slices of butter. Oh, so good, though. The smell of hot cross buns. Divine.
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  Are you allowed to sell them? No, I don't know. Outside of, or is it just a collective agreement
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  of like, I was thinking about this, though. Would you buy hot cross buns if it was an Easter?
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  Probably not. Can buy like fruit loaf. But do you? Cinnamon loaf. I've never liked that.
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  Yeah, neither. So I think my thing is, it's sometimes when things are scarce. Yeah, it's
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  almost like, I hate to say, but it's kind of like in a restaurant. Do you know what I mean?
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  I paid $25 for a thing of hot cross buns the other day. And that's what that is outrageously
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  expensive for six hot cross buns. Yeah. Yeah, it's pretty. But, but we all buy them and they sell
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  out. Yeah. And it's because it's these urgency around it. But it's interesting to say that
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  so because the price of butter, eggs and cocoa, which all goes into Easter eggs, is up 15% year
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  on year. Whoa. Yeah. So even though inflation is like, depending on where you are about 6% those
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  three items themselves are up 15%. So the price of Easter eggs and hot cross buns and all
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  that. It's actually quite expensive this year. Holy moly. So what is that? Sorry, eggs, cocoa.
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  And butter. And their sugar is at a six year high. So sugar isn't an Easter eggs as well. So
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  I thought sugar, I shouldn't sugar be banned. I feel like sugar needs just the cancel. Yeah.
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  It's so bad. I agree. Do you see that child on a strike? It's so scary. So I heard the other day
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  that's all bullshit. What do you mean? Like the sugar higher that kids get from like, you know,
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  when they go to birthday parties, they eat heaps of sugar and then they do not feel that in
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  yourself. If I have a lot to do, I have. I'm like, yeah, the world's so exciting. And then I'm like,
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  I need a nap. I'm so tired. So I get it. I think it is hardly. Hey, another thing. So I know I
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  was researching. Yes, I do research. Thank you very much.
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  And then you just came to this podcast. I'd have nothing. Yeah. Yeah, we're like, sorry.
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  And that's a wrap after three months. I hope everyone learned something.
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  Twini percent of the world's cocoa is produced by children. So it's child labor. Yeah. So bad.
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  And there's no company that makes marshmallow Easter eggs that aren't child labor free.
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  I hate marshmallow Easter eggs. I'm kind of like, that's good for me. But
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  yeah. Wow, that's so bad. Yeah. Just a headline that I read and I was like, wow, gosh.
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  Yeah. No one buys marshmallow. No, they're gross. You know, what's your very history?
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  Um, I love the Lent Bunnies. Oh, the Lent Bunnies. Oh, please, my dad. He called me on Thursday
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  afternoon. He's like, you home? I was like, yep. He's okay. Mr. Bunnies coming over and he came
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  and dropped off Mr. Bunnie. I'm like, did you get it too forwarded? Like 15 million jobs around
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  the house. It's like, you're here. Oh, very handy. Well, look, we need to replace the toilet.
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  Thanks for the eat, but I'll just, could you just screw that? Yeah, actually.
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  Every time I come around and he ends here, he's literally got to put like a list of things that
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  he's working on. It's part time job. But no, markets, markets, markets, markets. Good week,
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  class week, US market was up both indexes. So the ESM P500 and the NASDAQ, the two main
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  indexes were up over 1%. Aussie was up and you see them this down. So, yeah. So marginal shifts.
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  Yeah. Yeah. Nothing to write home about. Nothing to write home about. But one of the biggest
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  things that happened last week was in oil. Oh, gosh. I knew you'd have this reaction. No, no, no.
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  I know we need to talk about it, but I'm just like, because I read this in the curve weekly
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  and now that you sent out and I just was like, well, I'm so gutted because I know there's
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  going to be all the like finance pros that are like, I'm trading oil at the moment and I've made
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  these gains. But it's actually really important because obviously when we spend money on petrol,
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  you know, large part of petrol is oil. And it makes up a large part of inflation. So when the oil price
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  goes up, so it is inflation, which is kind of annoying because we're trying to get it.
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  Those are those things everyone wants to be down. Yeah, totally. Inflation and oil.
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  So for every 10% rise in the oil price, it adds about half a percent to inflation.
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  The number is numbers. So the oil price is up about 6% last week. So that's, you know, nearly,
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  nearly half a percent to inflation. So it's just annoying because it's like, we're trying to
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  get inflation down, but increasing interest rates and then along comes oil and, you know,
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  and just screws it all up. And the reason why is there any way that oil companies cannot do that?
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  Well, this is the thing. It's in their best interests to keep the oil price high.
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  Obviously. But it's in the world's best interest that they get lower. So is there any point where
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  like a conscious pops into the here and they think, okay, maybe I need to. I mean,
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  that oil companies. Right. I think it's very little consciousness. True, true, true.
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  But yeah, it's exactly why they cut their supply OPEC, which is the organization of petroleum
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  and exporting countries. Love it, acronym, which actually accounts for 40% of oil production
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  globally. So they, all these countries got together like, you know what, we want the oil price
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  higher. Let's cut production. How many people are involved in this? I'm like, surely that's illegal.
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  Wow. So all of them are just like, it's going up. Yeah. We're like, we're going to cut supply
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  to keep the price high. It's kind of. Oh, they suck. Yeah. So it's wrong with the world.
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  And so in terms of investing, we saw a lot of the oil companies. So BP, ExxonMobile,
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  Chevron, all their ship prices do really, really well. Start a rocket. Yeah. Which is frustrating,
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  bad life. Unfortunately. And we also had L'Oreal purchase ASAP. Oh, yeah. Because this has been a
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  private company for a long time, right? Yeah. Yeah. So it started in Melbourne in 1987.
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  I didn't realize it had been around for so long. Yeah. No, neither. It's such a beautiful brand.
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  I love it. It's so beautiful. Yeah. Like just the static, the brand, the products, all of it.
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  I actually buy ASAP hand wash and then just fill it up with normal hand wash because it looks so
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  chic having it. ASAP. It's so funny. You can tell like a nice strong bathroom. Oh, I thought you
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  could have said you can tell when I met your house. I was like, no. Oh, no, no, no, no, no, no.
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  But just differently kind of for the ASAP on rotation. Yeah. No, it's it's an expensive one.
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  But it is a very nice, luxurious brand. But it was bought for two and a half billion dollars.
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  Wow. Which is the largest deal that L'Oreal's even made. Which is quite amazing. Good on them.
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  Yeah. And it's quite interesting because sometimes you're like, oh, dammit. I wish I could buy
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  shares in that, but it's a private company. And all the time. Yeah. Whereas now it's like, you're like,
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  oh, cool. Now I can. And things, you know, things change. So that private company that you wanted to
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  buy shares in might not be able to now, but keep an eye on it because who knows what will happen.
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  It might IPO, which means it becomes a public company or might get bought by another company.
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  The world changes. I wonder the person who started ASAP when they sold it. What they would have
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  sold it for, you know, like and then you look at this giant L'Oreal deal and I wonder if you're just
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  thinking, oh, I should have really held on to that one. It's like when we sell the curve. Do you think
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  we have a half billion dollars? Imagine if we imagine if we IPO. I know. Have you ever thought about
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  wanting to be involved in a company that's publicly listed? Because that would be huge. That would be
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  an employee. That would be an employee. I don't even know what kind of business I would want to work in.
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  Well, if you're a public company, doesn't mean you necessarily big. You know, majority of companies
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  that are public are big because it costs so much money. But I mean, we could IPO right now
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  if we wanted to. Imagine no one would buy it. Our share price would be like ten, not even ten
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  cents. They would be paid to buy our shares. Please buy our shares. Please buy our shares.
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  Now, today on the podcast, we're just encouraging everybody to do a giveaway. Buy one, get one first.
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  Buy one, get one hundred free. Oh gosh, but no, it has been on my radar actually. Like I would,
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  I remember sitting, you know, looking at companies to invest in it. I was like, you know,
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  how cool it would be if one day that was a company that owned. Yeah. Anyway, other news,
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  Samsung as well. So this is Samsung's actually a public company in Korea in South Korea.
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  And they announced that they were saying, what was it? Sorry, I wasn't listening.
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  Should we start here? No, you're listening to the whole company. I heard the Samsung.
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  Samsung. Yes. And still not listening. No, sorry, it's just that this is our
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  makeshift curtains just fallen down. Oh, well, that's fine. So Samsung, which is a public company
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  in South Korea, it announced that it's going to see its worst profit in 15 years, which is quite
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  depressing. Now, why is this important? It's because Samsung is huge. It's, you know, like,
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  you think of all the Samsung products, phones, laptops, TV. So I only think of it as phone. Yeah,
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  like electronics, everything. So because it's so big and because it's going to, it expects
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  its worst profit in 15 years, like from a global, healthy, economic perspective, that's not good.
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  Yeah. It's like massive companies, like another one, another really good one is Katerpillar.
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  You know how they say to company, what do they do? You know, they have like machinery. Oh,
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  yeah, yeah, yeah. Is it C-A-T? Yeah, yeah, yeah. Oh my god, all the boys wear the socks,
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  like the cat socks. Oh, the boys? Sorry, that sounds real childish.
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  I've seen guys in quite cool style wear cat socks. Yeah, yeah. That's a good one.
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  So they, when they release results, and if it's really bad, like from a global perspective,
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  that's not good. And vice versa is really good because they've got, you know, big companies that
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  have got operations in lots of different countries. They give a good indication of how the world's
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  tracking. So the fact that Samsung has said this is not good news. And it expects, it's profits
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  to fall 100%. So what do you mean? It's just going to have no profit. Yeah, yeah.
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  Really? It's going to have zero profit. And it's all around the fact that there's just less demand
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  for memory chips. Lastly, we had Apple actually up 10% last week, which is pretty strong for a company
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  that size. I mean, it's up 30% this year. Oh, I just wish I had more. I know I love Apple too.
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  And I do, I have invested in it, but I just don't have enough to invest at the moment.
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  Like I've seen, I've actually spent 5,000 of my emergency fund. And basically, I've spent my
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  entire emergency fund on an emergency. No, I know. I'm just, it's not that I've been buying
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  stupid shit, but I just don't have enough. So it's been kind of been slowly being transferred out.
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  So I haven't been able to invest at the moment, but I kind of wish if all of them, if I could be
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  topping up, it would have been doing Apple. Yeah. And this is all around the fact that there's
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  kind of rumors going around that it's going to buy something. Yeah. So because it's like, that's
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  not a thing to buy. It's like buying the internet. Yeah. No, you can't really buy the internet.
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  But yeah, mainly because it's growth is kind of slowing, but also it's got lots and lots of money
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  on its balance sheets. So people are like, hmm, it might be buying something. So it's exciting.
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  It hasn't historically made big, big acquisitions in the past.
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  Has it done any big buyers like that? No, it's not really. It doesn't really have a trick record
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  of doing, you know, big splashy buyers, but it has. Oh, I wonder how it's going to buy.
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  I mean, it could be completely, um, what's rumour? Fake news, yeah.
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  Cool, fake news. But this is why I don't, yeah, sometimes,
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  and they're surprised to buy you. You'd be like, runners. I know. Watch the space. I wonder who they're
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  going to buy. It could be a lot of them too. Fake. Oh, she didn't.
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  I'm just not trying out a mum trick, but good to know it doesn't suit me. No, definitely not.
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  Leave them to me, babe. All right. Bye.
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  And if you haven't already, check out our savings calculator at thecurve.co.nz to help
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  you reach your savings goals.