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A weekly podcast from The Australian Financial Review that examines the biggest stories in business, markets and politics, and why they matter, explained by the best financial journalists in the country.
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164 Episodes
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John Kehoe and Michael Bleby on the RBA’s inflation dilemma, why the next interest rate move might be up and how that will affect the property market. This podcast is sponsored by Aussie Broadband Further reading: Investors are flocking back to the property market Three interest rate cuts, double-digit price rises and tepid new housing supply have convinced investors that property is once again a sure bet. If you’re waiting for another rate cut, read this first The lower speed limit means the economy cannot afford as much income growth for people, and that living standards will increase by less than in the past. Housing market tipped to cool as rate cut hopes diminish Home prices grew 1.1 per cent in October, the fastest monthly pace in two years but some of the heat may come out soon as borrowing costs stay on hold.See omnystudio.com/listener for privacy information.
Health editor Michael Smith discusses CSL’s remarkable story, why investors have lost faith in the healthcare giant and what Trump has to do with it. This podcast is sponsored by Aussie Broadband Further reading: How CSL went from 'bloated bureaucracy' to $145b global behemothWhen Brian McNamee took on the top job at Commonwealth Serum Laboratories, the government-run entity was barely worth the land it was built on.McNamee vows to stay CSL chairman despite growing investor disquietThe pharmaceutical giant has avoided a board spill, but a market bloodbath arising from declining US vaccine rates has investors seething.‘We have to fix this’: Brian McNamee on turning around CSLCSL was once a market darling, now it’s out of favour and pressure is on board and management to convince sceptical investors of a plan to restructure the business.See omnystudio.com/listener for privacy information.
1This week on The Fin, Lucy King and James Eyers on Australia’s crypto ATM boom, how they are being used for investment scams and why Australia is being targeted.This podcast is sponsored by Salesforce Further reading: ‘Devastated’: How I lost $500k in a crypto ATM scamMary, 85, is one of thousands of victims of Australia’s boom in crypto ATM’s, which suck in $275 million a year, and are the “getaway cars” for scammers. Consumers, banks urge outright ban on crypto ATMsHome Affairs Minister Tony Burke will give AUSTRAC powers to restrict the machines, but consumer groups say this won’t stop the danger to older Australians. Labor to crack down on crypto ATMs amid scam surgeNew powers will be handed to regulators to restrict the use of crypto ATMs, which have become a hub for scams and illegal money laundering.See omnystudio.com/listener for privacy information.
This week on The Fin podcast, Edmund Tadros and Paul Karp on Deloitte’s stuff-up, why it became a global story and what it means for the way we use, and value, AI.This podcast is sponsored by SalesforceFurther reading: ‘Oversight was not followed’: Deloitte apologises for AI reportThe firm will discipline personnel over a report that had to be reissued after they failed to vet incorrect AI-generated material in the document. Deloitte’s AI scandal shows consultants need a new strategyThe saga also raises existential questions: for consultants, AI is both a major opportunity and a threat that directly undermines their premium fees. Deloitte to refund government, admits using AI in $440k reportDeloitte will issue a partial refund to the government after admitting that artificial intelligence had been used in the creation of a report littered with errors.See omnystudio.com/listener for privacy information.
This week, senior writer Greg Bearup and Lowy Institute senior fellow Richard McGregor on China's dominance of the local EV and battery market and why that's a security risk. This podcast is sponsored by Salesforce Further reading: Is your Chinese EV a ‘ticking time bomb’?The rapid uptake of electric cars and home batteries from the Asian nation has put Australia’s energy infrastructure at risk of foreign hijack, experts warn.China could disable or detonate Aussie EVs, warns top cyber expertMalcolm Turnbull’s former cybersecurity tsar says Australian government officials should not ride in Chinese-made EVs because of the surveillance risk.‘Crying shame’: Inside the demise of Australia’s only battery makerBrian Craighead spent a decade trying to build an industry. He blames a cash crisis, a glut of Chinese product and shambolic federal policies for its failure.See omnystudio.com/listener for privacy information.
Andrew Hobbs and Tony Boyd on how investors lost $1.2 billion in Shield, First Guardian and Australian Fiduciaries, and how the gatekeepers let it happen.This podcast is sponsored by AcendaFurther reading:The ‘easy peasy’ approval: Shield exposes $850b super wrap industryThese funds told us they were toxic: how did Macquarie miss it?How Macquarie ignored its own advice on Shield (and lost $100m)See omnystudio.com/listener for privacy information.
Senior reporters Jonathan Shapiro and Primrose Riordan on what ASIC's crackdown on LaTrobe Financial and the Jon Adgemis saga tells us about the private credit market, the risks for super investors and whether the golden run is over. This podcast is sponsored by AcendaFurther reading: Private credit faces tougher regulation after damning report La Trobe investment products hit with stop orders by ASIC Deutsche Bank appoints receivers for Adgemis pubs See omnystudio.com/listener for privacy information.
Canberra bureau chief Nicola Smith and Washington correspondent Jessica Gardner on the Pacific defence deals and what to expect when Albanese sits down with Donald Trump.This podcast is sponsored by AcendaFurther reading: Trump and Albanese meet, as PM finally lands White House visitDonald Trump and Anthony Albanese met at a UN reception in New York as it was confirmed they would finally sit down together at the White House next month.China looms large over PM’s embarrassing setbackAustralia faces a diplomatic setback after failing to secure PNG defence treaty, but what it really signals is a growing influence of China in the Pacific.Tears, forgiveness and fury: Kirk remembered as martyr for free speechAllies of Charlie Kirk have vowed to carry on his mission to defeat leftist ideology at a packed service that at times looked more like a campaign rally.See omnystudio.com/listener for privacy information.
Chanticleer columnist James Thomson and banking reporter Angira Bharadwaj on ANZ’s overhaul, why banks are cutting jobs and whether management has lost control of the message. This podcast is sponsored by Acenda Further reading:ANZ’s pragmatic deal for ‘betraying’ Australia deserves no applauseANZ has stitched up a pragmatic settlement with ASIC to give Nuno Matos room to launch his reset. But it shouldn’t distract from what has been shabby governance.‘It’s long overdue’: The cull wiping out thousands of bank jobsAfter a spike in staff numbers since the royal commission, three of the big four banks are wielding the axe, with more than 5000 people exiting the industry.It’s the age of turbulence as Nuno Matos turns ANZ upside-downKnown among some staff as El Nuno, the Lisbon-born chief executive is attracting fear, intrigue and admiration as he cuts staff and overhauls the bank.See omnystudio.com/listener for privacy information.
NSW political correspondent Paul Karp and deputy property editor Michael Bleby on the political leaders declaring war on NIMBYs, whether it will help the country meet its housing supply target and why the bigger problem might be a tradie deficit.This podcast is sponsored by CMC Markets Further reading: How the Woollahra development could redraw politics in Sydney’s eastUrban infill doesn’t just reshape the local environment; it can change the political landscape as well.NSW planning minister says NIMBYs ‘vying to create childless suburbs’Paul Scully has been pushing for higher densities in Sydney, creating a backlash from residents. He says resistance to housing has become “institutionalised”.Property supply chief targets capital gains tax breaks in housing ‘war’As the country begins a discussion about tax, the property industry veteran says the crucial role of housing also demands a big-picture review.See omnystudio.com/listener for privacy information.
This week on The Fin, workplace correspondent David Marin-Guzman discusses the test case of a compliance company that has been spying on its staff, what it means for work from home and how AI will affect the future of surveillance.This podcast is sponsored by CMC MarketsFurther reading:Company turned laptops into covert recording devices to monitor WFHSafetrac says it needed to track work-from-home staff for underperformance, but some employees say the surveillance went too far and police are now investigating.WFH surveillance case is a wake-up callThe Safetrac case shines a spotlight on the issue of employee surveillance versus the right to personal privacy when staff work from home.Safetrac surveillance installed without staff agreement: HR managerThe firm, which turned staff laptops into covert listening devices, should have updated its surveillance policy beforehand, its own people manager told WorkCover.See omnystudio.com/listener for privacy information.
Political editor Phillip Coorey on the debt bomb facing the next generation, the ‘Braveheart ’situation in parliament and the Iran-led attacks in Australia.This podcast is sponsored by CMC MarketsFurther reading: The VW, the tobacco kingpin, and Iran’s Revolutionary GuardSloppy criminals who reused a stolen car for arson attacks on a synagogue and nightclub led spies to uncover a state-sponsored campaign of terror.PM had no choice but to act after explosive Iran revelationsAfter years of rejecting overtures to sever ties with Iran, the government was left with no other option.Talkfest hasn’t started yet. Jim Chalmers says it’s already a winThe treasurer says the build-up to Tuesday’s summit has entrenched the productivity crisis in the political psyche.See omnystudio.com/listener for privacy information.
This week on The Fin podcast: senior writer Greg Bearup on why the Mormon Church is buying up vast tracts of Australian farmland and whether it’s in the national interest. This podcast is sponsored by CMC MarketsFurther reading: Mormon church’s $490m spending spree exposes trade deal blind spotFarmers fear the American church could change the face of Australian agriculture.The chequebook of Mormon: $500m on Australian farms in six monthsWith its immense resources, the US-based Mormon church is buying up vast tracts of Australian farmland. Is this in our national interest?Wagyu Rich Listers fatten outback portfolio with Qld dealPeter and Jane Hughes, already among the world’s biggest producers of wagyu beef, have added a central western Queensland cattle property to their operation.See omnystudio.com/listener for privacy information.
This week on The Fin podcast: senior writer Myriam Robin on how worried we should be about declining fertility rates, whether they could and should be reversed and why politicians in Australia are so reluctant to talk about it. This podcast is sponsored by CMC Markets Further reading:Can Australia escape the global fertility crisis?Not too long ago, the world was worried about runaway population growth. But with birth rates falling too fast, the scramble is on to avoid the demographic crunch.How to fix the economy to make Aussies richer – from people who didJim Chalmers’ economic roundtable risks history being repeated because a cautious prime minister has no electoral mandate for sweeping change.Why Australia is far from full but no one wants to talk about it Angst over house and rental prices is fracturing the fragile bigger-Australia consensus. Yet walking away from a larger population is not an optionSee omnystudio.com/listener for privacy information.
This week on The Fin podcast: senior reporter Jemima Whyte and associate editor Joyce Moullakis on whether Macquarie has lost its edge, who might be in line to take over the top job and what happens when you threaten the pay packets of a millionaires’ factory.Further reading: Macquarie scrambled to lobby proxy firms ahead of fraught AGMThe company made the highly unusual move to understand if major investors would reject executive pay plans as it dealt with a backlash.Glenn Stevens feels the burn from Macquarie’s worried investorsThe former RBA governor has seen off a global financial crisis and angry borrowers. Can he turn around an undercurrent of anxiety at the Millionaires Factory?Macquarie investors deliver wake-up call with strike on executive payInvestors deliver an embarrassing rebuke to the Millionaires Factory over bonuses amid regulatory woes and the surprise exit of its CFO.See omnystudio.com/listener for privacy information.
This week on The Fin, Technology editor Paul Smith talks about his interview with Altman and reveals what it would take for the AI chief to pull the plug. Further reading: What OpenAI’s Sam Altman suggests you do to keep your jobThe race is on to build machines that can outthink humans. The tech founder in charge of ChatGPT says there is one thing that would make him stop.‘Try the future’: New ChatGPT AI agents promise to do your jobsDrawing on three pre-existing OpenAI products, ChatGPT Agent lets users ask AI to take control of multi-step and fairly complex tasks.OpenAI wants AI tax breaks, promises $115b annual windfallOpenAI chief economist Ronnie Chatterji has conducted a whirlwind set of meetings in Canberra as the company prepares to launch an AI blueprint for Australia.See omnystudio.com/listener for privacy information.
This week on The Fin, North Asia correspondent Jessica Sier and Lowy Institute senior fellow Richard McGregor on whether Panda diplomacy works and why Beijing needs a succession plan. This podcast is sponsored by Workday.China ordered this Aussie flower farm to grow rice. Then they found a solutionIn a country of 1.4 billion people, keeping everyone fed can be the difference between stability and chaos. The Lynch Group nearly had to tear down its greenhouses.Beyond the Wall: Albanese’s high-stakes China playAs the prime minister is criticised over the extent of his China sightseeing, the government insists it is playing the long game and that face time matters.Rumours of Xi’s downfall distract from China’s real challengesThe notion that Xi Jinping is about to be toppled is a distraction from the real cleavages in Chinese politics.See omnystudio.com/listener for privacy information.
This week on The Fin podcast, economics editor John Kehoe and senior reporter Jonathan Shapiro on the RBA’s shock decision on interest rates, what it means for the economy and whether the next generation could be the first to be worse off than their parents. This podcast is sponsored by Workday.Further reading: Gen Z will be richer than their parents. But here’s the catchSluggish productivity and tax policies rigged against young people mean many are missing out on financial comfort precisely when they need it most.RBA rate call extraordinaire Rory Robertson makes his last predictionThe economist has spent three decades trying to interpret the smoke signals emanating out of Martin Place. He’s giving up the game as it’s profoundly changing.Which RBA board members voted for a rate cut?At least two Labor appointees to the Reserve Bank monetary policy board almost certainly voted for a cut on Tuesday, former insiders believe.See omnystudio.com/listener for privacy information.
This week on The Fin podcast, workplace correspondent David Marin-Guzman on what has been done to stamp out a culture of fear and intimidation in the CFMEU and whether it's working. This podcast is sponsored by Workday. Further reading:High Court leaves CFMEU administrator with no more excusesThe failed High Court challenge to the CFMEU administration has cleared a path to cleaning out the union. But the administrator still has to walk it.High Court ruling on CFMEU a ‘line in the sand’ moment for cleanoutThe CFMEU administrator has declared the High Court backing of the administration will make way for systemic industry reforms.‘Let’s make some money together’: Inside the CFMEU’s bribery scandalSometimes it was a foot tap, other times a little kick, but either way cash was passed under the table to the union boss.See omnystudio.com/listener for privacy information.
This week on The Fin, Chanticleer columnist James Thomson and Wealth reporter Lucy Dean on the surge in inherited wealth, what’s behind it and what can, or should, be done about it….This podcast is sponsored by Workday. Further Reading:You're probably part of Australia's new inheritocracyHow inheritance is upending the marriage marketHow do the 1pc find love? With these high-end matchmaking servicesThe maths that makes SMSFs a tax reform target for Chalmers See omnystudio.com/listener for privacy information.
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great episode and insight. always told in a thrilling sorta way. love it