Latest / The Curve / The Big Billionaire Breakup, Buybacks & Blasting Off

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The Big Billionaire Breakup, Buybacks & Blasting Off · The Curve

• 0:00
  Welcome to the Curve Weekly, the podcast that keeps you up to date with all of the money
• 0:03
  business in stock market too. Brought to you by the Curve's research team,
• 0:06
  that's the latest insights on what's happening in the stock market, companies,
• 0:10
  other money related news so that you can stay educated and ahead of the curve.
• 0:14
  You can thank us later for sounding smarter than those finance bros you think it's going to party.
• 0:17
  I like your outfit today. Thank you. A lot. We're at last night.
• 0:22
  What did you do last night? I just thought, you know what? I don't have a brain capacity to think
• 0:26
  this morning. I love having you. I was like, oh,
• 0:30
  wearing the same last night. I was like, and walk off. Only you know this.
• 0:33
  What did you do last night? We went to dinner and comedy. Fun. It was actually so fun to laugh.
• 0:43
  Yeah. It was just paying 20 pounds and going and having a good old lol. Oh, it was like the
• 0:51
  Trump and America jokes and like just there's a Canadian MC and she was just making,
• 0:58
  you know, she's like, I sound like an American but with least gunpowder or gunfire or something
• 1:02
  and I was like, I wanted to laugh. And it was just like so many. We want to rename ourselves
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  millennia so that Trump keeps our hands off it. I don't know, I'm going to butcher the
• 1:12
  strokes but they were just so I was laughing so hard. Where was it? Wasn't it a comedy?
• 1:18
  Like, yeah, the Bill Murray comedy club. Oh, yeah. Fun. It was really fun. And then there was a
• 1:22
  guy in front of us who was losing it. So we were laughing at him. Oh, that's why there's a couple.
• 1:27
  There's a couple on their first date and oh my goodness. Because she was like,
• 1:32
  she like came on stage, one of the comedians like tripped over the skills bags. She was like,
• 1:36
  what are you doing? Like, where have you come from? Why have you got so many bags?
• 1:39
  And then she started talking and what do you do? What's your name? And how do you do
• 1:41
  know each other? And it's like, oh, it's first date. And then she was like, yeah, he was late.
• 1:45
  And the whole crowd said, ooh, anyway, you're just so good. You just don't sit at the
• 1:50
  front of a conversation. For her first date as well, they honestly. It's a fun first date.
• 1:54
  And then they're like, how, how did you guys meet? Can I see the message? Oh my, I would be
• 1:59
  done. And he was like, I reached out to her through Facebook Messenger and she's like, what?
• 2:06
  Who's doing that? And then the other couple, like, how did you meet? They're like,
• 2:10
  oh, it's through friends. A friend called Bumble. She was honestly so good.
• 2:15
  Comedy is one of those things night to have a night. I know. And I don't know why I don't do it
• 2:20
  more because I love it every time I go, actually, she just booked, you know, Chris Parker.
• 2:24
  Oh, yes. She's a hilarious comedian from New Zealand. He's here in August. I just booked. Did
• 2:30
  you see a little cameo about him putting on a sparber jacket? He's like, I'm coming to London.
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  I thought, gosh, it has been a big 24 hours. Hasn't it? We've seen it. I feel like by the time this
• 2:44
  podcast comes out, there's going to be so much more that would have happened. Yeah. We might need
• 2:50
  to start like figuring out how we can like record and put it out in the same day. It's recorded live.
• 2:57
  No pressure. No, no, no, no, no, no, no, no, no, no, if you should hear our
• 3:01
  not picking your nose. No, no, no, no, no, no, no, no, no, no, no, no one's picking their nose.
• 3:07
  Yes. So we've had one of the biggest breakups of all time, what do we say? The fifth of June,
• 3:11
  we'll go down the history of the biggest breakup. Yes. Publicly between two giant babies. It's
• 3:16
  like the real housewives of Washington, DC. Oh my god, it is. And Eve Runs is watching
• 3:23
  the series unfolds. Oh, honestly, just one. This podcast, I was reading the whole lot of
• 3:29
  Buzzfeed. Do you remember Buzzfeed? What a blast. Yeah. Yeah. Yeah.
• 3:33
  Three of all the social media stuff. And it's like people and cats being like, slow down.
• 3:38
  America's running out of popcorn. So good. Just such good tweets. So funny. The world's
• 3:44
  richest man in the world's most powerful man. It's all breaking up on social media. Yeah. It's
• 3:49
  all unreflang. Honestly, what was the biggest bromance of? Actually, I think bromance isn't
• 3:54
  as a word that we're now growing in the bin. I've got a feeling that that's no longer.
• 3:59
  It's not like socially unacceptable, but I think it's kind of like because it's as if
• 4:04
  guys can't have friends. Like, oh, a bromance, like, okay, get over it. Oh, we could have a warm
• 4:09
  ance. A warmance? A woman. We're just a friendship. Anyway, sorry. Yeah. We digress. Trump and Elon
• 4:17
  Musk are no longer in love. No longer in love. It's like, and actually, do you know what I did last
• 4:24
  time? I don't know if this was the right thing to do, but I went and sold all my shares because I,
• 4:29
  well, I need to use the money soon. And I didn't want to have it in there. And I just had this feeling
• 4:33
  like, it's going to something. It's going to go off a cliff. And really? Yeah. I was just like, I
• 4:37
  just want to pull my money out because I didn't do this last time. I needed my money that was
• 4:41
  invested. I didn't pull it out early enough. And then the February crash happened. And I was like,
• 4:46
  what an idiot. Why did I not pull it out sooner? Have you put more in? Oh my god, what? Yeah.
• 4:55
  It's fine. Tesla's down 15%. I know. I saw that. And then I feel like we're going to wake up
• 4:59
  tomorrow and then be like, just joke. Yeah. Yeah. I definitely think Tesla's one too. If we
• 5:03
  did anything about Trump, it's how erratic and literally we've now got Elon in the mix, but like,
• 5:11
  we know how erratic this is. And also how reactionary the markets are. What's happened since the
• 5:17
  breakup? So Tesla, yeah, done 15%. So the reason for the breakup, if you haven't been watching,
• 5:25
  you haven't even been on social media. It's like all over. I don't know if it's just my algorithm.
• 5:29
  No, it's sure that it's everywhere. It's funny when now when I am on
• 5:36
  tech talk or Instagram. And I start seeing like one or two posts about like this, for example,
• 5:42
  going on. I'm like, what's what are they meaning? What are they referring to? And then slowly more
• 5:47
  and more comes and you're like, oh, okay, you know, like it kind of takes a few posts or a few,
• 5:54
  it's like someone's breath coming in. Yeah, it's not like when you read the news, you're like,
• 5:59
  read a headline and you're like, that's it. And you've got everything. You know, you kind of have
• 6:02
  to keep watching and keep searching and get the full picture anyway. So a while back,
• 6:09
  maybe let's take a step right back. So we all know that Elon was a huge supporter of Trump.
• 6:14
  Well, since October, right, they got together. Yeah, October last year. Yeah. And then he was a
• 6:18
  huge supporter of him getting into power, like financially as well. He put about 300 million
• 6:23
  dollars towards Trump. So like, they were very chummy. Sorry, was that into like the campaign?
• 6:30
  Was that so like in terms of marketing or doing things? He basically, he literally funded his
• 6:37
  campaign to get in. Yeah. And this is what this is what politicians and elections are all about,
• 6:43
  right? It's having rich friends or lobbying certain people to give you money to fund the campaign.
• 6:50
  It's a cost like billions to run for president. It's like, how wealthy are you? How can I infiltrate
• 6:55
  every platform? But you and me could never run for president. Yeah. I mean, I, God, if we really
• 7:02
  get it, we recorded an episode, like a political episode, not that long ago, we actually haven't
• 7:07
  put it out yet with Chloe Swatbrook, an amazing MP. Anyway, I was just so embarrassed at how little
• 7:13
  I knew about politics every five seconds. I was like, what does that mean? What does that work?
• 7:18
  So okay, he was actually he actually funded the campaign. Yes, he funded the campaign. And then
• 7:24
  I guess it's probably like a thank you or like because you have how much money Elon put in. Trump
• 7:30
  was like, you know what? I'm going to make you part of government. And I'm going to create this
• 7:34
  department of government efficiency, which was like completely made up kind of division. So
• 7:41
  Elon was involved in that. Not that long ago, he stood down from that and yeah, and people were like,
• 7:48
  oh, something's happened. Like that was kind of the spark of like, okay, you don't just put
• 7:53
  someone in a government role for six months. Yeah. And then be like, see it later. So that was
• 8:00
  probably the start of the unraveling a bit a bit more behind the scenes. And then Trump announced
• 8:04
  this bill, which he calls the one big, beautiful bill. Honestly, he's a
• 8:12
  and part of it is he's removing subsidies for electric vehicles. So a subsidy is essentially
• 8:18
  a tax tax breaker tax credit. So like it makes the cars cheaper for people to buy. Which is why
• 8:23
  for a long time, Tessa was doing well, wasn't it? Because there was quite a few government incentives
• 8:27
  for people to buy electric vehicles. So well, it's more the demand, right? Like if you were looking at
• 8:33
  a normal combustion engine car and you've got a Tesla, which is like maybe slightly more expensive,
• 8:39
  but it's a electric vehicle. And you are like, I can't really afford a Tesla. So I'm just going to
• 8:45
  have to buy a combustion engine. Like in order to change customer behavior, there has to be incentives.
• 8:50
  Well, there has to be incentives to choose a better environmental option if it's not necessarily
• 8:58
  cheaper until it gets cheaper and then it becomes price competitive. So yeah, it's an incentive
• 9:02
  to help people and the country and the world move towards more electric vehicles. That being
• 9:09
  removed is going to impact Tessa and demand for Tessa. I mean, the demand for Tessa cars is already
• 9:17
  falling through the floor because of what Elon's doing, being in bed with Trump. So maybe, maybe now
• 9:23
  people are like, you know what? But I just, sorry, but imagine how effed off you would be if you'd
• 9:29
  invested 300 million on someone's campaign. And then they come out with a policy that essentially
• 9:37
  absolutely knocks your business. And your majority owner, so you've just lost billions of dollars.
• 9:44
  How awkward would that be? Like wandering down the hallway to your boss's office. Like,
• 9:48
  cheers, Trumpy. Which makes me think like, I just don't think this will play out how we're
• 9:56
  seeing it right now. Okay. So you're kind of thinking this is a big
• 10:00
  publicity. Yeah. I don't know. I just feel like I don't think you'd be publicly posting all the
• 10:05
  stuff that they both are on social media. If you, do you think? I mean, they're both pretty
• 10:12
  erratic people. Like if we think about what Elon Musk has posted in the past, we think about what
• 10:17
  Trump's, you know, what decisions he's made since he's been in government and how, like how many
• 10:21
  of them stuck, hardly none, hardly any of them. Like it's, I just feel like this is not the end.
• 10:30
  It's probably you reckon they're going to have a reconciliation. They're going to go to couples
• 10:33
  therapy. They're going to start having sex again. I mean, I think it's
• 10:41
  beneficial for both of them to be on the same page. Yeah. Personal wise, like removing the country
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  and like the, the world, I think for both of them, they're both so self-indulgent. Like Elon was like,
• 10:54
  you wouldn't have gone to power without me. You know, you wouldn't have become president without
• 10:58
  me. You wouldn't have won. They're so self-indulgent. I know. They just say that. Yeah. The amount
• 11:02
  that will have bruised, they've bruised each other's egos. I think that in itself is like,
• 11:07
  I just think it confirms our suspicions, right? That Elon Musk was only budding up to Trump
• 11:14
  because of he had a self-interest. And Trump was effectively, for sale, like he was effectively
• 11:24
  driven by money and power. Like I just, yeah. Anyway, there is actually an incredible
• 11:30
  interview with that Peers Morgan, who I handle stand, has interviewed Scott Galloway. He's the
• 11:38
  psychology of money. Yeah. Yeah. No. No. No. The algebra of wealth. Yeah. Yeah. Yeah.
• 11:45
  We've tried to get on the podcast, but he's just like blowing up right now. I'm like, damn it.
• 11:50
  I saw your emails to track him on. I was like, nice track. I know. So funny. I tried to get
• 11:55
  just under our dern on as well. I know. And she just, and then I saw she's interviewed the other
• 11:59
  I was like, she's got some word for important interviews to do. It's so fun. I was like,
• 12:05
  surely we're Kiwi. He's like, surely an Indian. I know. I know. You've tried from all angles.
• 12:13
  Totally. Yeah. You need to find out where she's staying in London and just hounders.
• 12:18
  She here in London just doing a talk next week. Should we go? Or is it totally sold out?
• 12:23
  I mean, it's sold out, but we could just go. Should we just go with Mike with Mike's in hand?
• 12:29
  Stay out. Love it. Oh my god. Let's do it. That's fun.
• 12:33
  Anyway, there is an incredible interview with Scott Galloway and peers Morgan around Elon Musk
• 12:39
  and just like how toxic he has been for America and how the innovation and money in America has
• 12:46
  just bred depravity, which is like corruption and you know, terrible, terrible behavior. And he's
• 12:53
  like seriously worried. I don't know. It's just like it does kind of scare me how much
• 13:00
  two people can move markets and can actually impact share prices and global growth. I don't know.
• 13:09
  There's just, yeah, it's just a lot going on right now. But it doesn't feel like a democracy,
• 13:13
  does it? No, yeah. And it just feels like it's breeding toxicity. It's breeding reactions,
• 13:20
  like outrageous reactions, which impact other people. And like even when we're talking to Chloe
• 13:25
  about dogism and like how it's just become so, you need to explain because we haven't actually
• 13:32
  released that. So a lot of people are not you're talking about she just comments on like the
• 13:35
  extremity of how politics has evolved. And it never used to be this kind of I guess toxic
• 13:43
  and intense. And so yeah, it's just like it does scare me at how this is just another, I guess,
• 13:52
  indication of how it's playing out. One of the tweets that went kind of viral is this is yet
• 13:57
  another good example of why men are too emotional to be in leadership. Totally. It's like
• 14:01
  not me to take that. It's so true. Can I read some of these like just to lighten the mood slightly
• 14:06
  because I feel like sometimes if we don't laugh, we cry. And I know what you mean about
• 14:11
  just actually kind of terrifying. Yeah. But actually let's just for a second have a laugh.
• 14:16
  The funniest possible outcome is Trump deporting Elon Musk. Oh my good use. Imagine if he
• 14:21
  it's rid of him because technically Elon is an immigrant. Yeah. Plot twist. Plot twist. Donald Trump
• 14:29
  and Elon Musk's Alliance took off like one of SpaceX's rockets. It was supercharged and
• 14:33
  sought high and then it all blew up. Oh my god. Hey, at Donald Trump, let me know if you need
• 14:40
  any break up advice. Oh my god. I read one and it was like Joe Biden just having a normal casual
• 14:48
  day because he doesn't have X. And he has doesn't have social media and he has no idea what's going on.
• 14:55
  Thanks so good. Oh my god. Honestly though, what a fucking child. Elon Musk literally just
• 15:01
  put a tweet out or an X out of whatever we call it saying whatever. It's all he said whatever,
• 15:06
  full stop, whatever. Someone just goes, he's never been angry on his time. He's up the phone.
• 15:11
  This baffles me when even like famous people's celebrities do this shit. Like I'm just like
• 15:19
  we have to either do the laundry and public. This is the first day Elon finally made Twitter
• 15:23
  grade again. Oh, let's go. Yeah, everyone. I would love to see the stats on how many people have
• 15:29
  signed up to Twitter. Someone at Elon Musk, did he sign a prenup? Oh my god, so good. Someone
• 15:36
  just wrote watching the Trump and Elon fight and then just has like a big sign saying I just hope
• 15:40
  both teams lose me too. Yeah. Oh Regina George, Elon right now and it's like a fake
• 15:47
  burn book from Mean Girls. This is the nastiest skank bitch ever. Do not trust it. She's a
• 15:53
  fugly slut. Regina George. She's just got a ton of Trump's face. This is like Kendrick first
• 16:00
  drake but with two drakes. It's so. It's honestly just the popcorn. Yeah. This is not over.
• 16:08
  Have there been any actually educated people that have commented from like the investing space
• 16:13
  being like, do this. Don't do this. This is happening. I don't know. It's honestly like I think
• 16:19
  if we react to this, it's like you're trying to time the market, right? It's kind of like I
• 16:24
  guess I'm being opportunistic in terms of buying Tesla. But I mean, if you own the S&P 500,
• 16:32
  then you own Tesla. So you'd be impacted. The market actually fell yesterday. It was started up
• 16:39
  strong and then as this all started playing out, it started to fall. So yeah. Yeah, also just
• 16:46
  to clarify, I wouldn't have sold if I didn't need my money quite so. I'm hoping to use it in the
• 16:53
  next like month. So I was like, if we have another like Trump all over the show wobble and the whole
• 16:59
  market crashes, this could be really bad for me. And I think that's just a good example of wherever
• 17:04
  you're at in terms of what you're investing for. Make sure you're not putting money into the market
• 17:08
  that you are going to need soon. Yes, because that is timing the market and I did feel a bit
• 17:12
  naughty last night and be like selling all my shares. Listen, you didn't have to sell
• 17:18
  two months ago. No, so this is exactly why I sold last night is because when two months ago,
• 17:24
  when everything started falling, I had like most of my money and risky investments. I see investments.
• 17:32
  And I was trying to buy a house and it started falling and I was hopefully going to be using my deposit.
• 17:38
  And I did lose some, but if I hadn't pulled it out when I did, I would have like not been able to
• 17:42
  have enough money for a deposit. By the way, the property podcast is starting and like a week or
• 17:48
  something, which is quite exciting. So we're going to sort of talk about property in general on
• 17:52
  an ongoing basis. But anyway, point is, yeah, it's kind of don't panic. If you don't need your
• 17:57
  money for a while, it doesn't matter. Even if the markets have a total blowout. It's like you can
• 18:02
  be involved in what's going on and not react. Yeah, it's just so it's so you feel deflated.
• 18:09
  I'm getting really deflated. No, I just feel I guess I am but exhausted. It's like,
• 18:15
  I mean, it gives us stuff to talk about, right?
• 18:18
  I mean, we weren't struggling the things to talk about. No, no, it's just I've got to see the
• 18:23
  funny side of it. I'm just it does get it but exhausting. Yeah, you know, it's like
• 18:29
  because what I don't want is it to escalate and then either person does something that affects
• 18:35
  other people like people get caught in a crossfire essentially, which is a hundred percent what's
• 18:39
  going to happen. Yeah. And also like removing EV subsidies, right? That's the crux of what
• 18:48
  has started this whole tip for tat is not good for the planet. No. Anyway, and we all know that
• 18:53
  Trump is like anti-saving the planet. So it's just that's probably what I'm just
• 19:00
  like underlying. This is what I'm frustrated at. But I'm surprised that this is only just happening
• 19:04
  now in the sense that like drill baby drill campaign by line was never giving I care about the planet.
• 19:11
  Well, the swiles can sew. So why was Elon and all either there was he thinking,
• 19:16
  shit, I better get in because that's his. I think there was definitely that and then it was like
• 19:21
  maybe there was promises, you know, being like, hey, I don't care if you totally if the planet
• 19:26
  up, but if you could just make sure that you don't, if my business have IEVs, can you just not touch
• 19:30
  that? Well, he's also come out. Trump has also come out and said, hey, everyone, I've actually put
• 19:34
  through wide sweeping tax cuts for everyone. So like, hey, I'm actually doing some good things.
• 19:41
  And remember, we spoke ages ago. He's doing like a shinny over here to distract. I mean,
• 19:47
  I'm going to increase tariffs over here, which will probably impact inflation, but hey,
• 19:52
  I'll cut your taxes so you've actually got more money to spend. So it's like this whole wasn't
• 19:57
  the whole reason that Elon that this whole thing was unraveling was because the main thing that
• 20:02
  Elon posted was Trump's tariffs are going to send the US into a recession for the second half
• 20:06
  of this year. Wasn't that the whole thing that like in the last 24 hours, he's basically being
• 20:13
  what he's doing is going to totally if the whole economy. That was a reaction to
• 20:17
  Trump introducing this, this bill of cutting EVs. Yeah. Okay. And then he's like,
• 20:22
  Trump has been as in Jeffrey Epstein's black book, you know, it's getting very personal now.
• 20:28
  The fact that Elon's trying to throw some like moral stones at Trump, it's like, what are you doing?
• 20:34
  Yeah. With Elon Musk, do you remember I have a 20 years ago now and he was like, I want
• 20:43
  humans to be on Mars. Like, that is my goal. And he created SpaceX to launch rockets and satellites
• 20:50
  and, you know, his whole goal was for people to settle on Mars. That's he's just like, we're
• 20:56
  giving two other populated for earth, but that's why he created SpaceX. I mean, honestly,
• 21:01
  but behind all the total shirt, his concept of like the earth is like not in a good place.
• 21:07
  We need to start being creative in terms of the cars in terms of where we live. Like, he's
• 21:11
  definitely. Which makes us think they're just don't use it. Yeah. But no, I was not taking part
• 21:17
  actively or at all aware of what was going on in the news 20 years ago. So I have not, I was,
• 21:22
  I'm not like, oh, yeah, I remember reading a headline on that at all. Yes. But yeah, so
• 21:26
  20 years ago, he set up, yeah, he set up SpaceX, which has now become the world's largest
• 21:32
  satellite companies. So they launch rockets, they deploy satellites into the world. They have
• 21:36
  Starlink. And I see them everywhere. You know, you look up at the sky at night and you try to
• 21:41
  look at stars and all you see is like a line of little white lights. There's nearly 9,000 satellites
• 21:48
  orbiting Earth, buzzing around this. There's a lot. There is a lot. Yeah. Yeah. Like, I mean,
• 21:53
  Earth's massive rise. But they launched SpaceX itself launched 800 satellites in May alone,
• 22:02
  the largest amount ever. And anyway, it's just like SpaceX is absolutely killing it.
• 22:08
  I think it's a private company, unfortunately. So, but remember, this was the theme that we spoke
• 22:14
  about at our vent in Auckland. And you were like, what are some trends you're seeing in the next
• 22:22
  kind of five years? What are some investing trends? And I was like, I think that space is going
• 22:27
  to be a really big one in terms of like commercialization. Like we've had all this testing. Like,
• 22:32
  yes, there's rockets, they're still putting up and they don't actually succeed and they cost
• 22:35
  billions of dollars. But we're getting closer and closer to commercialization of space or like,
• 22:41
  you know, I mean, gosh, we saw like Katy Perry and all those do that. So you think that it's actually
• 22:47
  going to be something that kind of takes off in some way. There's going to be some new innovation.
• 22:53
  And whether it be living on space or spending more time in space, that's so fascinating.
• 22:58
  I think it's become more and more common. Yes, it is. Imagine if we, people are living in space
• 23:03
  or on Mars or like, oh my god, these are to me like even going. Oh my, imagine if like,
• 23:10
  you know, those movies that are, I'm so fascinated by movies like that, like sci-fi type stuff,
• 23:15
  where they're all living and these things all between the world or you look out the window and
• 23:19
  you see planets and stars. I just know it'll be my luck that I'll become detached from the rocket
• 23:25
  or something and just be floating in space for the rest of my life. I honestly like, I just,
• 23:31
  I have this weird premonition. You're scared of floating away. Yeah. Just in my way. I mean,
• 23:37
  I can't even cook. Even the thought of it. I can't cook like a prawn soup without cutting my
• 23:43
  finger and like, spilling shit everywhere. And, you know, like, if I was having some kind of
• 23:47
  weird, I had to attach myself to the spaceship and get myself back again. Like, you wouldn't be
• 23:51
  seeing me. Just imagine floating away. Because I can't get you. I would like, you just
• 23:57
  float off into what? Like, nobody knows where you're going. Like, do you know what I mean?
• 24:01
  Like, imagine if it became normal to just be like, oh yeah, off we go, we're going to go get,
• 24:06
  I don't know, some random rock from the, from Venus over there. And we have to like,
• 24:10
  you know, lock ourselves in, put our harnesses on. Like, I could not.
• 24:14
  Or imagine if it was like, oh, were you going for holiday this year? Oh, I'm, I'm going to
• 24:17
  Venus. Oh, I'm going to Mars. Yeah. Yeah. Cool. Oh, should we catch up in Uranus?
• 24:22
  Oh, my God. I can't believe you're 36. I just made a Uranus joke.
• 24:30
  I just love you. I just love you. I was like, oh, don't.
• 24:34
  Anyway, shit. But there is a public company that is exposed to this. And that is
• 24:40
  rocket lab, which, oh my God, we spoke about this in the investing club. I've invested in rocket lab.
• 24:45
  And there is like space exploration, ETFs and stuff. So there's way to get exposure to it.
• 24:50
  Let's do this in the club. I'd love to learn more about that. More space stuff.
• 24:54
  But do you know what I mean? Like, just I don't even really, the idea of commercialising
• 24:58
  at products in the world as is makes sense to me. But space is this foreign like whole new,
• 25:04
  I don't even know how you would what kind of capitalist ideas are going to take off.
• 25:09
  Do you know what I mean? Like other than rockets and space ships.
• 25:12
  How else do you make money on companies and the space? I don't know. We've also had
• 25:18
  I'm changing text. Okay. Sorry. They're always really struggles going from stories.
• 25:22
  I know. She's like, how do I go to the next thing? How do I go to the next thing?
• 25:24
  Like that was a great leading because it was like we were talking about Trump and then in on and then
• 25:28
  yeah, yeah. Whereas now we're talking about Taylor Swift and I don't have any.
• 25:30
  Yeah. Got it. Don't worry. Taylor Swift is where we're going next.
• 25:34
  Yes. Yeah. And we're, she's celebrating because she's
• 25:36
  only cool thing, hasn't she? Yeah. She's done a cool thing.
• 25:39
  She's done a cool thing. I could just hear myself talk and I reckon I'm going to start listening
• 25:43
  back to these podcasts in like two years and be like, I'm so embarrassing and uncool.
• 25:48
  Like what is that language? I know. She's done a cool thing.
• 25:52
  She's done a cool thing. Sorry. So Taylor Swift has bought back all her like work, hasn't she?
• 25:57
  Yeah. She's bought back the rights to her music, which I actually just am digging and be like,
• 26:03
  how does the music industry work? You probably have a better understanding of this, the most people
• 26:10
  having worked at like Sony and yeah. So okay, I mean, I don't know Hex but I guess the
• 26:16
  crux of what has happened in the last like 15, 20 years before streaming platforms were around.
• 26:23
  Yeah. Record labels were the only way to create a successful music career because you needed
• 26:30
  the infrastructure and the backing and the finances. The whole system was designed so that
• 26:39
  if you want to even get access to like AMP like in terms of people who help develop artists
• 26:46
  and their songs and give feedback and then even just the infrastructure of going into a studio
• 26:51
  to create your work to then the context to go into radio stations to pitch songs like
• 26:57
  there was like monopolies, right? And so breaking into that was really, really difficult.
• 27:02
  And you kind of relied on record companies too. If you wanted to become a musician,
• 27:07
  you were really at the mercy of record labels. And so when you drop your like,
• 27:12
  max tape. Yeah, totally. And then like, you know, 10 years ago, you would have your like record
• 27:18
  kind of like reps that would go in and there would be like music listing sections at radio stations,
• 27:24
  but they'd be like, this is Lord's new song. They'd play it in the like music. I would be like
• 27:27
  listing being like, yeah, cool. Like maybe we'll spin that one, you know? Oh my god. So
• 27:32
  and the people that we're like, yeah. And so imagine listening to, I don't know,
• 27:38
  do you do your previous or the first time being like, no, you didn't giving up on like Beyonce or
• 27:44
  I don't know, Ariana Grande or do a leap around tonight. I think it's more just it's also the idea
• 27:49
  of the power for musicians to break and has been in like the hands of few people. But I sort of
• 27:55
  say, there's a few people at the record label. There's a few people at the radio station. Where it's
• 27:59
  now, it's up to, it is democracy in a way. It's like, yeah, people can find their music,
• 28:03
  people can find their artists. And like, you vote by listening. And that's how artists make money.
• 28:08
  So the, the sort of certain thing, you know, you used to have to give your money to someone
• 28:13
  and they make the decisions of where you're invested. Now you can go straight on to platforms
• 28:17
  like Sheezy's or Trading To Unto and be like, no, I want to pick this, this, and this.
• 28:21
  So basically what's happened with music is that, you know, back in the day in terms of, I don't,
• 28:25
  I mean, I'm sure you'll get into this in a second by the Taylor Swift, but early records relied on
• 28:30
  record companies. So they would have absolutely owned her in terms of how much they would have
• 28:36
  paid for it and how much she would have earned because it's kind of like book deals, you know,
• 28:40
  how when you write a book, you kind of don't get very much in terms of royalties unless you
• 28:45
  absolutely kill her. You get like three cents a book. It's a similar, I guess, business model
• 28:51
  or financial model for record companies. So I imagine what's happening here is that because Taylor
• 28:56
  Swift now is in a financial position where she's like, actually, if you, I want to buy all of my
• 29:02
  stuff back so that I can make more and I have more control over my own promotion and finances.
• 29:08
  It's, it's just, it's just flipped the music industry in a way where you don't rely on record
• 29:13
  companies anymore and a lot of artists don't need them to be successful. Yeah, because there's
• 29:17
  two types of music rights. So there is, like when an artist makes a song, there's the master rights,
• 29:25
  which is the actual recording of the music. And that's the finished song that you hear on the
• 29:31
  right, likes to Spotify or the radio. And then there's the publishing rights. So this is the
• 29:37
  songwriting. So this is like the writing of the actual lyrics. So whoever wrote the song,
• 29:41
  which often is different from the person who published, like, so, you know, that song,
• 29:47
  love yourself by Justin Bieber, Ed Sheeran Roder. Oh, yeah. You don't like this song in the end?
• 29:51
  It doesn't write like many of her songs. It's really fascinating. Anyway, usually the record label
• 29:57
  will own the master rights, not the publishing rights. And that's what you're talking about when
• 30:03
  they go and then they promote it and they say, yeah, but when Taylor Swift first started,
• 30:07
  she sold those master rights, not the publishing rights. And she sold them to big machine records.
• 30:12
  And then in 2019, Scooter Braun, who she had a big, like, bust up list. Oh my God, I'd
• 30:18
  love to a deep dive on that. I can't remember. Bought machine records. So got access to her master rights.
• 30:23
  Right. So she's basically this person that she kind of hates, has had all her master rights up
• 30:27
  until now for her first six albums. And then, but because she wrote the song, she's the licensing
• 30:34
  right? The publishing, she had the publishing rights. Oh, sorry. Yeah. So that's when she went,
• 30:37
  went out and did, you know what, I'm going to re-record them. That's right. And do Taylor's version.
• 30:41
  Yeah. And therefore, he can have the master rights to these albums. But I'm going to also get
• 30:47
  Spotify on site and say, you can't, if you want my version of my master rights, you can't play his,
• 30:52
  you can't play his. And so anyway, she had this big thing. Oh, she's so cool. Anyway, so that's
• 30:56
  when she like re-recorded them all. And I guess she's in a lucky position because she did write all
• 31:02
  her own songs, whereas there are a lot of artists that just be, they just be at the mercy of
• 31:07
  someone else owning their music. Then recently, Scooter Braun sold those, those master rights to
• 31:13
  a private equity company. And then she approached a private equity company and bought them off them.
• 31:18
  So she bought them for $360 million. Oh my gosh. She did buy her own shit. But Scooter sold them
• 31:25
  to the private equity company for around 300 million. And then they flipped it to her for 360 million.
• 31:29
  So like they've made like a quick buck tour. Like everyone's trying to make money, which I just
• 31:34
  find so gross, but I guess that's just how the world works. But anyway, what I really love about
• 31:40
  this is that the reason she was able to afford to buy her music rights was because of the money,
• 31:48
  all the money she'd made touring. So she was like, thank you to my fans, all my Swifties. If they
• 31:54
  hadn't supported me and come to my concerts, I wouldn't have had the funds to be able to buy back my
• 31:58
  music. And so anyway, it's like this whole full circle thing, right? And I guess it's a good reminder
• 32:03
  of how important contracts are. They can really eff you over. And it's really important to
• 32:09
  read the fine print. And I know I'm guilty of this. Like you get an insurance document, right? And
• 32:13
  you're just like, oh, whatever, I'll just sign it. Or like, I don't know, some kind of relationship
• 32:18
  property, gram and yellow, yeah, whatever. It's like, no, no, no, no, no, no, no, no, no, no,
• 32:21
  audition to jacks, chat GPT pull out the key points because that could so if you over in the future.
• 32:26
  And I think it's really, really important to know what you're signing and not signing anything,
• 32:31
  not saying that she does. She was probably in a position when she was younger,
• 32:34
  where she probably paid a lot of money for that. But I also think the lesson here is she doesn't
• 32:41
  need to own her music financially, you know, like she doesn't need that money. She's fine.
• 32:46
  She's one of the richest women in the world. Yeah. It's the, it's the principle of
• 32:51
  everyone effing each other over and everyone having control over her and her art. And she's
• 32:58
  taking that back. And I just think that's amazing. I also think it's like, if you are in a sticky
• 33:02
  position, get creative, right? Yeah. Like, rerecord all your music. I know. It's so clever. Like,
• 33:07
  when we, remember we signed a deal a few years ago with a company we will not talk about. Yeah,
• 33:12
  we were not talking about. But they essentially was, it was a similar thing. Yeah. They
• 33:17
  had control over a certain amount of our podcasts. Yeah. And we were like, it was a certain set,
• 33:22
  certain number of seasons. And we were like, you know what? We just want to sell any advertising
• 33:25
  to it. Yeah. And we'll just, we'll just quickly get through those seasons. Yeah.
• 33:29
  And then we've got control over the remaining seasons. Yeah. And we've done a hair tailors with
• 33:32
  them. Yeah. We had to tell us the phone. We were like, you know what? It's only for a certain
• 33:36
  number of seasons. So let's just pump them out and then we can have ownership. And yeah.
• 33:40
  It's kind of, we've learned from that, right? We've learned any contract. Now we go into it.
• 33:44
  It's like, yeah. And we didn't get, we had rose tinted glasses. We were like, oh my god.
• 33:48
  That's what I was about to say. I was almost going to say, I think don't underestimate the
• 33:51
  power of doing things independently. Yeah. I think for so long, you know, we're sort of told,
• 33:56
  you can't, you're not going to achieve or do well or blah, blah, blah. Unless you have the backing
• 34:01
  of a big record company or a massive media company, you don't need that in today's world with
• 34:07
  digital and like platforms and social media and everything. I don't know. I feel like the
• 34:13
  slow and steady wins the race. Yeah. And having control over your own stuff is the way to go.
• 34:18
  Yeah. And also like, it's so much sweeter when you do well, rather than just someone else taking
• 34:24
  credit for your work or, you know, like also, I don't know how to put this, but like when someone
• 34:32
  smoozes you, you know, and you see through their bullshit. Yeah. It's just being a bit more of a
• 34:37
  realist, I think, not drinking the Kool-Aid, like kind of, but it's also what you say about investing
• 34:44
  when you say, like, if something's too good to be true, it probably is. It's exactly the same
• 34:48
  when it comes to a deal like this. If you're like, oh, we really need promotion. And this person
• 34:52
  said they're going to blah, blah, blah, like Scooter Braun would tell us we're off door, the
• 34:56
  Ripple company with her earlier, they will have promised the world. Actually, it's just remembering
• 35:01
  you, you know, there's no like quick, easy one. You're not going to it. Something that seems
• 35:07
  too good to be true in any capacity, probably is. And when it comes to contracts or partnering with
• 35:12
  people or whatever, you just have to be, you have to think worst case scenario because worst case
• 35:17
  scenario happens a lot. And it's also, it removes the opaqueness if worst case scenario happens.
• 35:24
  It's almost like a prenup. It's a prenup. It's like, and also a really good reminder is like,
• 35:28
  don't make like a handshake deal or like a verbal deal. It's like put things in writing,
• 35:33
  even though at the time might seem mundane or unnecessary. It's like, if you owed me money,
• 35:40
  just send me an email, be like, hey, I promise I'll pay you back by June. Yeah. And it's like,
• 35:44
  because if I'm like, no, you said June, you're like, no, no, I didn't. You know, it just creates
• 35:49
  this awkwardness. It's not easy. It's like, actually, babe, you said June, you know? And also,
• 35:53
  I think there's, I totally agree. I think that's such a good point. And also, it sounds like we're
• 35:58
  on our high horse like we've always had it sort of be totally. We've definitely had our own
• 36:01
  blowouts. You know, from your experience. Yeah. Yeah. But I think you're right. Chat
• 36:05
  LGBT is the best thing. If you're at all confused or also ask a friend or someone else who has
• 36:10
  done something before, like I do that quite a bit. If I don't know the answer to something or I
• 36:16
  know someone's more experienced and has more skills and has done something similar before,
• 36:19
  just ask them. Yeah. Everyone wants to share their knowledge and help each other. You know,
• 36:23
  you did that. I would totally. We were like, this is kind of, they were like, oh, wow.
• 36:27
  And so many people have done it. Don't get rid of that. Get rid of that. And we were like, we're
• 36:30
  in no idea. But people since then have done the same with us. They've gotten touched. I mean,
• 36:34
  hi, we're thinking of doing a deal like this. And we heard that you had something sort of similar.
• 36:38
  Like we'd love to get some feedback. You know, I think you just, you just learn from each other.
• 36:41
  And it's, it's important to ask questions because as soon as you sign on a dotted line,
• 36:46
  it's legally binding. Yeah. Got a few other quick things. We are seeing a bit of IPO activity.
• 36:52
  Oh gosh. This is new because there's been no new businesses going public in ages. It's so
• 36:57
  funny because like the market hasn't been great, right? Like for the last few months. So a lot of
• 37:02
  IPOs were like, oh, we'll just wait in the sidelines until the markets were better and now it's
• 37:06
  come back. And it's like rebounding again. We're like, okay, we're ready. Because then they get
• 37:10
  a bit of price. So if a company lists on the stock exchange for the first time, you want to really
• 37:16
  supportive, exciting environment. You know, you don't want everyone to be bit doom and gloom
• 37:21
  and be like, we've talked about the IPOs kind of like you're coming out party. It'd be like no
• 37:25
  one coming to the party. Yeah. Or it's like throwing a party in summer versus winter. You know,
• 37:30
  people are like, it's cold and we I don't want to come. So true. You know, it's summer. It's like,
• 37:35
  woo yeah. Yeah. I'm feeling good. I will be there. I will be there. I will be drinking. Yeah,
• 37:41
  you want to you want the best possible environment. You want to try and control the things you can
• 37:47
  control. Exactly. Which often is not a lot when it comes to a party. You know, you can get great
• 37:52
  flowers. You can have young food. But like if you do it at a time of year, like the day before
• 37:56
  Christmas, probably no one's coming. And we have had one company that I would say probably teased
• 38:06
  teased a little about having a summer party in the UK. And then they were like, actually,
• 38:11
  sorry guys, we're going to go to the US because they're way more exciting and love parties.
• 38:16
  Oh, oh, oh, they try beta parties pretty much. And that's wise. So they used to be transfer wise.
• 38:23
  And every time I go to say wise, now it's more like trail wise. Yeah. Because it's so ingrained.
• 38:28
  Like, I don't know why they did the rebrand. But anyway, wise is where you send money
• 38:32
  internationally. Yes. So it is a huge. It's actually really, I would invest in wise because I
• 38:38
  use wise a lot. Yeah. Same. My whole bank account, my cards, everything's worth. And also,
• 38:44
  when we talk about the idea of globalization or being able to kind of go between countries,
• 38:48
  and where she spoke about this yesterday in the office, like, there's such global trends around
• 38:52
  people living and working in different parts of the world, being able to have money that's
• 38:56
  easy to transfer from place to place. Like, it's really important. Like, I remember when I was
• 39:00
  overseas recently in Europe, and I saw Western Union, do you know this? It's like a yellow
• 39:07
  and black logo. And you would look at it. No, you go to like convenience stores, post office,
• 39:13
  and you'd, you'd literally put money in a parcel and send it. And it was like, quite secure.
• 39:19
  I mean, I've seen that you would send money to places where they might not have like a very stable
• 39:25
  banking system. So like, you know, it might be in like South America or Africa or so. Yeah,
• 39:29
  it was kind of, that's right. What would be the context you'd be sending money there? Is it
• 39:32
  if you're traveling there? No, sorry. If you're sending money to family or friends or someone
• 39:36
  that you owed money to, like, I remember when I went to South America and I did like a two-month
• 39:40
  holiday. And the, what was that there? Like, hostile was like, oh, can you Western Union me
• 39:47
  the money? And I was like, mom, how do I do this? And you literally, when you couldn't
• 39:54
  pound lines, you'd send money. You'd send money. And it was like, it's really secure in
• 39:58
  your work. And it was like, Western Union was like a reputable brand. Anyway, parcels of money
• 40:04
  being sent in the mail and a yellow envelope. Like, sorry, would you? Well, I don't think it's
• 40:08
  literally like, it's more, it's, yeah, they're kind of that the company behind it. So it's like,
• 40:14
  okay, cool, we've deposited money. You can spot it from a million miles away. But anyway,
• 40:18
  I was just like, oh my god, is that place still around? Like, I can now transfer money within two
• 40:22
  seconds with like super low fees. And like, who doesn't have a bank account now anyway. So, yeah,
• 40:28
  transfer wise has made it so incredibly easy to transfer money between countries. And like,
• 40:34
  particularly for likes of us, you know, you're doing New Zealand, you're doing UK, you want to travel.
• 40:39
  Like, I don't even really transfer money now in terms of like, I do within my transfer work. But
• 40:44
  I've never, you know, like I used to have to go on holiday, but like go to the bank and convert
• 40:48
  into like travel car and convert into, uh, into euros or like, we've come a long way, haven't we?
• 40:55
  So they're IPO. So they're going to be a public company. And it was actually police when,
• 40:59
  when we went to Japan, and I set my parents up with wise. Did they like the wise card? And they
• 41:05
  were like, so what? I just pay away with it. I said, yeah, they're like, but what about the fees?
• 41:09
  I mean, it's so little, you're not even going to notice. But that is a thing, right? Because
• 41:12
  if you speak when you travel, you would, the reason you would get a travel card or do all of it,
• 41:17
  because it was so expensive to do. Yeah. But also like cash out now, like someone can steal your
• 41:21
  bum bag and steal your cash, you know? Also, there's nothing that screams tourists more than
• 41:26
  someone with a, I love that bag. Oh, I think like, or you know, it's like, just try and blend in
• 41:32
  when I see tourists with like, you know, trying to be all sick. Yeah, I'm like, at least just try
• 41:38
  and blend in. You're screaming tourists. You're screaming, you've got wads of cash on you that I
• 41:42
  want to steal. You know, anyway, yeah, we digress. So anyway, wise, billion pound company was going to
• 41:48
  IPO in the UK on the London Stock Exchange. And then they did quickly do a little pivot and we're like,
• 41:53
  sorry, we're at change of location, change location, we're going to throw the party in the US, not the
• 41:58
  UK. And is it a UK based company? Like, did they start here? Yeah, it's he called it in London
• 42:05
  and found it in London. So yeah, it's a big blow and another big blow to the UK. Like,
• 42:14
  this has been multiple companies now because you want to go with the demanders, right?
• 42:20
  It's this problematic though, like, is this going to mean that we basically have won? Like,
• 42:24
  because the S&P 500 or the NASDAQ, like the American Stock Exchange have always been, you know,
• 42:32
  enormous and comparatively to other Stock Exchange's does really, really well. Yeah.
• 42:37
  Is there like an alarming realization that, you know, the centralization of everyone wanting to
• 42:44
  be listed on an America, meaning that the rest of the world is going to suffer financially?
• 42:49
  Like, I don't know, what does it mean? Could there just be one centralized Stock Exchange for
• 42:53
  the whole world? Why does it need to be even like, why does it exist to capital? It's access to
• 42:58
  money, right? So companies list on there, then you get UK investors that invest in those companies,
• 43:04
  they grow further. And so it's like, it's kind of like the cycle of money flow into a country.
• 43:10
  But why is there just one in a global economy? You know, like, why do we not just have one big
• 43:16
  Stock Exchange that funds the whole world? It feels weird to have them so, it'll be like having one
• 43:22
  big currency. It's like, it's not what happened with crypto. Oh my god, imagine if I've just
• 43:27
  predicted the future. But like, they tried to do that with the euro, right? And you've got
• 43:32
  countries that are like super prosperous and others that aren't. Yeah. And they're kind of like
• 43:37
  doing all this heavy lifting. And then that you're like, well, we want to leave because actually,
• 43:40
  if you're pulling as well. Yeah, literally. It's kind of would be the same with Stock Exchangeers.
• 43:45
  But it's also, it's good to have choice, right? Otherwise, you'd kind of be paying, I don't know,
• 43:52
  yes. Would there ever be regulation put in where you have to lust where your base? Like, would
• 43:58
  that help? I think that would be more detrimental. Really? Because companies would like sweet
• 44:02
  will headquarter in the US. Oh, yeah. And then you get a message. But it does make sense because
• 44:08
  usually if you are headquartered or founded in a region and people, that's where you first
• 44:13
  grow, people know the brand, they'll be like, oh, that does make sense to have some alignment
• 44:18
  to your home town or home country. But Revolute is another one that's going to IPO and they're
• 44:25
  they're looking at the US over the UK. Digital bank, anyone that's there. Sorry, yeah,
• 44:29
  digital bank. Clana as well is in the US. Yeah, after pay, right? Yeah, it's like an afterpay,
• 44:34
  kind of the European kind of. So all these fintechs are going to IPO. Yeah. And they're all going
• 44:39
  to America. But it's also I feel like this is going to be a new wave for the stock market. You know,
• 44:44
  like you're sort of talking about like Nvidia and the AI and Amazon, Meta and blah, blah, blah,
• 44:50
  kind of like have carried the stock market for so long. These new tech companies that are going to
• 44:54
  IPO, I think are going to be the ones that kind of like carry the baton. Yeah, baton, baton, baton.
• 44:59
  But we're also seeing this play out in New Zealand. Like we're seeing it in everyone. It's kind
• 45:04
  of a self-fulfilling prophecy as well because if the US start making keeps doing well, more
• 45:09
  companies want to list there. Therefore, there's more excitement and more interest. It's more eyeballs,
• 45:13
  like it's kind of like a classified, you know, like an online marketplace. The more products you
• 45:20
  have, the more eyeballs and more demand, the more higher product sell for their former people list
• 45:25
  and more, you know, like it's kind of an online marketplace is essentially what a stock exchange
• 45:29
  is. So to stop that, you need to be like, hey, hey, hey, you can list on our stock exchange for free.
• 45:36
  For example, you don't have to pay any fees. Come here, come here, we're actually really attractive.
• 45:40
  And then you balance out, okay, well, we've got more demand over here. But London's like
• 45:45
  giving us the platform for free. Yeah. So all you just have to like remove very tape will create
• 45:50
  more interest in your stock exchange to people come. It's like your farmer's market. If no one's
• 45:54
  coming, what are you going to do? Make it free to have a stall there, you know, make
• 46:00
  advertising or signs free parking. Yeah, I don't know how to move. It's the same idea of like
• 46:06
  your marketer. There's a market at the stock exchange. Yeah. Not just to investors to buy,
• 46:11
  but to companies to be there. So it's like, yeah, and also if there's not new and exciting companies
• 46:18
  on the London Stock Exchange, then there doesn't perform well. And you get the opposite. And you get
• 46:23
  such a vicious cycle. So you really need to make sure that you've got your best chance is getting
• 46:29
  these exciting companies that have a headquarter in your location or have majority of their customers
• 46:36
  in the UK. So anyway, it's not very good news. That is going. And then also another IPO that we have
• 46:45
  coming up is Virgin Australia, not as exciting, but great for Australian businesses.
• 46:51
  It's such a massive business. Yeah. I guess also this is quite full circle from over times,
• 46:59
  because there was, did you realize what you just said with your mouth? It was quite dry.
• 47:03
  Yeah. Okay. I really hope we can make a video out of that. Oh, what did I do?
• 47:07
  You did like a route. Yeah. You didn't use to that all the time. I know. I still do in my own home.
• 47:15
  But I kind of forget sometimes this is filmed. Yeah. Yeah. Yeah. So you worry. But I would have
• 47:22
  thought, yeah, because you know, airlines have suffered a tragic death around COVID. The fact that
• 47:27
  one is like doing so well, it's ready to IPO and be public is quite good, isn't it? Yeah. Yeah.
• 47:32
  No, and it's also, it's been owned by private equity and they're, they only have a whole
• 47:37
  thing for a certain period of time because they've got returns that they want to let the butterfly
• 47:41
  fly off. Yeah. Well, yeah, definitely. It's also owned partly by Qatar, you know, it's
• 47:46
  pretty pepperient. But yeah, so there's one coming to the Australian Stock Exchange,
• 47:51
  and there's one going to the US. Cool. Done. Yeah. Yeah. Love that. And that is all for me.
• 48:00
  I love today. Yeah. Do you know I was, this is so funny. I was thinking when all of the
• 48:06
  Trump and Elon Musk stuff was happening. I was having this moment. I was like doing my makeup and
• 48:12
  doing my hair and I was going out and doing something anyway. And I was thinking I was across
• 48:16
  what was happening in the economy. And I was also being really girly. And I was like, I love
• 48:21
  the curve weekly. It's so fun to be able to feel educated and on top of what's going on.
• 48:25
  But also for it to be this like feminine, I don't know, which sounds so,
• 48:30
  oh, no, sounds, but I'm so grateful that we have that this podcast exists because I wouldn't
• 48:37
  be getting my news from anywhere else. If you listen to this podcast regularly, which actually
• 48:42
  it's amazing to see how many people are coming in each week. Like the curve weekly particularly
• 48:47
  is just like taking off. If you've got any friends who you know are not super interested in the news
• 48:53
  or don't really partake in these conversations, please share it with them because it helps so much
• 48:58
  when you share the podcast. Yeah. But also it's funny. Whenever there's a week where I'm like,
• 49:05
  not much in the news, something always comes this field last minute. And I was like last night I was
• 49:11
  like, oh thank goodness. Perfect. Perfect. Okay, we'll see you next week. Thank you so much for
• 49:22
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• 49:25
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• 49:40
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• 49:44
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• 49:52
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• 50:00
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• 50:04
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• 50:09
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