Talking Business with Leon Gettler

Unlike other central banks, the Reserve Bank of Australia keeps its rates on hold waiting for inflation to come down.Australia’s annual inflation rate in August falls to lowest since 2021 at 2.7% Australia’s Misery index is at its highest level since the global financial crisis and higher than during the COVID-19 era.The Albanese government surprises some by seeking advice on scaling back negative gearing.The ACCC is finally taking the supermarkets to court.Follow my socials on:https://twitter.com/leongettlerhttps://www.instagram.com/leongettler/https://www.linkedin.com/in/leongettler/https://www.facebook.com/talkingbusinesspodcasthttps://business.google.com/dashboard/l/17460167277811417147?hl=en&gmbsrc=au-en-z-z-z-gmb-s-119-u~mhp-ns_hom_8-u&omec=EI_z6RYYASIBATIBATotZ21ic3JjPWF1LWVuLXotei16LWdtYi1zLTExOS11fm1ocC1uc19ob21fOC11QAFKEwjq4cCIj5D3AhXNnWMKHUB5Cqg%3Dhttps://www.youtube.com/c/LeonGettler/discussion?app=desktop

We need a Labor Party in which the big issues are confronted,” former ACTU secretary Bill Kelty said, describing the Albanese government as instead being “mired in mediocrity”.Commonwealth Bank of Australia is exploring the possibility of replacing thousands of local call centre staff with a ChatGPT-style platform in an expanded use of artificial intelligence for customers.About two thirds of Australian baby boomers leaving the workforce don’t have enough pension savings to retire comfortably, according to research from the industry’s peak body.  Following the planned departure of Nine Entertainment boss Mike Sneesby, Nine is now looking at privatising online real estate spin-off Domain which is 60% owned by Nine.Melbourne-based start-up Helfie AI is working on software that will be able to screen for skin cancer and COVID-19 through a smartphone app.Follow my socials on:https://twitter.com/leongettlerhttps://www.instagram.com/leongettler/https://www.linkedin.com/in/leongettler/https://www.facebook.com/talkingbusinesspodcasthttps://business.google.com/dashboard/l/17460167277811417147?hl=en&gmbsrc=au-en-z-z-z-gmb-s-119-u~mhp-ns_hom_8-u&omec=EI_z6RYYASIBATIBATotZ21ic3JjPWF1LWVuLXotei16LWdtYi1zLTExOS11fm1ocC1uc19ob21fOC11QAFKEwjq4cCIj5D3AhXNnWMKHUB5Cqg%3Dhttps://www.youtube.com/c/LeonGettler/discussion?app=desktop

    .The Murdoch’s control over their media empire is about to be scrutinized in court. It’s also now the target of the activist investor Starboard.The legal battle between Murdoch’s kids over Murdoch’s plan to change the structure of his family trust to give all voting power to his oldest son, Lachlan.New data shows almost all of Australia’s major airports including Sydney and Brisbane are vulnerable to the worst impacts of climate change, according to new analysisThe Coalition will block Treasurer Jim Chalmers’ attempt to create a new specialist interest rate-setting board at the Reserve Bank over concerns the government could stack the committee with Labor-aligned figures.The Albanese government will implement a minimum age for social media use to protect the mental and physical health of children. Follow my socials on:https://twitter.com/leongettlerhttps://www.instagram.com/leongettler/https://www.linkedin.com/in/leongettler/https://www.facebook.com/talkingbusinesspodcasthttps://business.google.com/dashboard/l/17460167277811417147?hl=en&gmbsrc=au-en-z-z-z-gmb-s-119-u~mhp-ns_hom_8-u&omec=EI_z6RYYASIBATIBATotZ21ic3JjPWF1LWVuLXotei16LWdtYi1zLTExOS11fm1ocC1uc19ob21fOC11QAFKEwjq4cCIj5D3AhXNnWMKHUB5Cqg%3Dhttps://www.youtube.com/c/LeonGettler/discussion?app=desktop

The Murdoch’s control over their media empire is about to be scrutinized in court. It’s also now the target of the activist investor Starboard.The legal battle between Murdoch’s kids over Murdoch’s plan to change the structure of his family trust to give all voting power to his oldest son, Lachlan.New data shows almost all of Australia’s major airports including Sydney and Brisbane are vulnerable to the worst impacts of climate change, according to new analysisThe Coalition will block Treasurer Jim Chalmers’ attempt to create a new specialist interest rate-setting board at the Reserve Bank over concerns the government could stack the committee with Labor-aligned figures.The Albanese government will implement a minimum age for social media use to protect the mental and physical health of children.Follow my socials on:https://twitter.com/leongettlerhttps://www.instagram.com/leongettler/https://www.linkedin.com/in/leongettler/https://www.facebook.com/talkingbusinesspodcasthttps://business.google.com/dashboard/l/17460167277811417147?hl=en&gmbsrc=au-en-z-z-z-gmb-s-119-u~mhp-ns_hom_8-u&omec=EI_z6RYYASIBATIBATotZ21ic3JjPWF1LWVuLXotei16LWdtYi1zLTExOS11fm1ocC1uc19ob21fOC11QAFKEwjq4cCIj5D3AhXNnWMKHUB5Cqg%3Dhttps://www.youtube.com/c/LeonGettler/discussion?app=desktop

Australian GDP per capita has declined for a record 6th consecutive quarter.Australian health Department officials concede that private hospitals are uninvestable and more will close.Rupert Murdoch-owned firm REA Group weighs up bid for UK-based Rightmove.  Blackstone to acquire Australian data centre business AirTrunk. The world’s largest private equity group is betting on growth of artificial intelligence in Asia-Pacific region. Reports that the ultra-rich are buying up big and using shell companies to hide it.Follow my socials on:https://twitter.com/leongettlerhttps://www.instagram.com/leongettler/https://www.linkedin.com/in/leongettler/https://www.facebook.com/talkingbusinesspodcasthttps://business.google.com/dashboard/l/17460167277811417147?hl=en&gmbsrc=au-en-z-z-z-gmb-s-119-u~mhp-ns_hom_8-u&omec=EI_z6RYYASIBATIBATotZ21ic3JjPWF1LWVuLXotei16LWdtYi1zLTExOS11fm1ocC1uc19ob21fOC11QAFKEwjq4cCIj5D3AhXNnWMKHUB5Cqg%3Dhttps://www.youtube.com/c/LeonGettler/discussion?app=desktop  

Australia’s latest monthly CPI indicator came in lower at 3.5% in the 12 months to July. But energy subsidies are weighing on the index.As many as 1.6 million Australian households are now facing home insurance affordability stressThe Australian government is set to take a tougher approach to airlines and airports over flight delays under changes outlined in the aviation white paper. Jim Chalmers calls Peter Dutton ‘most divisive leader’ in modern Australian history from a main partyA new Senate inquiry will put 'big box retailers' like Bunnings, Chemist Warehouse and Amazon under the microscope by the end of the year.    Follow my socials on:https://twitter.com/leongettlerhttps://www.instagram.com/leongettler/https://www.linkedin.com/in/leongettler/https://www.facebook.com/talkingbusinesspodcasthttps://business.google.com/dashboard/l/17460167277811417147?hl=en&gmbsrc=au-en-z-z-z-gmb-s-119-u~mhp-ns_hom_8-u&omec=EI_z6RYYASIBATIBATotZ21ic3JjPWF1LWVuLXotei16LWdtYi1zLTExOS11fm1ocC1uc19ob21fOC11QAFKEwjq4cCIj5D3AhXNnWMKHUB5Cqg%3Dhttps://www.youtube.com/c/LeonGettler/discussion?app=desktop

Plummeting iron ore prices could cost the federal government $3 billion in revenue, which is likely to push Australia’s budget further into deficit this financial year. Federal police have been called in to investigate whether Regional Express’s former chairman amid increasingly bitter recriminations over the airline’s collapse late last month.New legislation to completely defang the CFMEU.Booktopia has been rescued out of administration by camera store digiDirecBanks are spending hundreds of millions each year to keep cash in the branches and they want you to know it.Follow my socials on:https://twitter.com/leongettlerhttps://www.instagram.com/leongettler/https://www.linkedin.com/in/leongettler/https://www.facebook.com/talkingbusinesspodcasthttps://business.google.com/dashboard/l/17460167277811417147?hl=en&gmbsrc=au-en-z-z-z-gmb-s-119-u~mhp-ns_hom_8-u&omec=EI_z6RYYASIBATIBATotZ21ic3JjPWF1LWVuLXotei16LWdtYi1zLTExOS11fm1ocC1uc19ob21fOC11QAFKEwjq4cCIj5D3AhXNnWMKHUB5Cqg%3Dhttps://www.youtube.com/c/LeonGettler/discussion?app=desktop

Bruce Daisley says Elon Musk should be arrested if it's proven that his actions incited recent riots in the UK. Daisley is a former senior executive at Twitter. Amid growing political tensions over cost-of-living pressures, RBA deputy governor Andrew Hauser slams those who claim to be sure of the way forward as “false prophets”Australian technology companies say job graduate readiness is at its lowest levels, with most believing 99% are not able to jump in and perform effectively after leaving university.The Albanese government plans to reduce the number of online gambling ads but it has exempted Google’s lucrative search engine. Wagering firms will still be able to buy “sponsored” results on some search terms.News Corp is dumping FoxtelFollow my socials on:https://twitter.com/leongettlerhttps://www.instagram.com/leongettler/https://www.linkedin.com/in/leongettler/https://www.facebook.com/talkingbusinesspodcasthttps://business.google.com/dashboard/l/17460167277811417147?hl=en&gmbsrc=au-en-z-z-z-gmb-s-119-u~mhp-ns_hom_8-u&omec=EI_z6RYYASIBATIBATotZ21ic3JjPWF1LWVuLXotei16LWdtYi1zLTExOS11fm1ocC1uc19ob21fOC11QAFKEwjq4cCIj5D3AhXNnWMKHUB5Cqg%3Dhttps://www.youtube.com/c/LeonGettler/discussion?app=desktop 

On Monday, the global stock markets were crashing (until they weren’t).  Market volatility is now the new trend, reminiscent of 1987 crash and the 2000 tech wreck.  Elon Musk sues Unilever and Mars for conspiring to boycott X and deprive it of revenue. When it gets to trial, he can explain to the judge why he told advertisers to “go f… the selves.”RBA rules out interest rate cuts for the next six months.You would think getting the Productivity Commission to analyse Ausrtalia’s struggles to build enough new homes would be the thing a smart government would do before boldly announcing a plan to build 1.2m new homes.Calls for a royal commission into the CFMEU, with the Business Council of Australia warning an administrator is “wholly inadequate” to investigate the union’s misconduct.  Follow my socials on:https://twitter.com/leongettlerhttps://www.instagram.com/leongettler/https://www.linkedin.com/in/leongettler/https://www.facebook.com/talkingbusinesspodcasthttps://business.google.com/dashboard/l/17460167277811417147?hl=en&gmbsrc=au-en-z-z-z-gmb-s-119-u~mhp-ns_hom_8-u&omec=EI_z6RYYASIBATIBATotZ21ic3JjPWF1LWVuLXotei16LWdtYi1zLTExOS11fm1ocC1uc19ob21fOC11QAFKEwjq4cCIj5D3AhXNnWMKHUB5Cqg%3Dhttps://www.youtube.com/c/LeonGettler/discussion?app=desktop