Talking Business with Leon Gettler

An analysis of what Trump’s victory means for the US and global economies. The Reserve Bank of Australia has held interest rates steady. It says underlying inflation is not expected to ease to 3% until mid-2025  and “remains too high”. This means that other central banks are cutting rates but the RBA won’t be joining them any time soon.Mineral Resources billionaire Chris Ellison is booted out after ripping off taxpayers and his own company.The scandal over flight upgrades for Australian politicians continues. For the airlines, the pollies are great business.Prime Minister Anthony Albanese has fired the starting gun for the federal election, outlining a cradle-to-the grave policy agenda leaning heavily on education and health. 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 inflation rate fell to 2.8% in Q3 of 2024 from 3.8% in Q2, marking the lowest figures since Q1 of 2021. However, services inflation is still too high.  The change of government in Queensland was not caused by cost of living issues. Chalmers rules out big spending despite loss.Report shows the inept Morrison government’s delays procuring COVID-19 vaccines cost lives and delivered a $31 billion hit to the economy.Myer has bought billionaire Solomon Lew's clothing brands in a mega deal for the department store, giving Lew 27% of the bigger Myer group.The super fund for butchers and meat industry workers will emerge as the largest shareholder in fruit and vegetable processor SPC when it relists on the ASX in December. 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 world’s $100 trillion time bomb is ticking as the International Monetary fund meets finance chiefs in Washington this week.The IMF warns that Australia’s inflation will hold at 3.3% through 2024-2025.Billionaire Richard White has been accused of giving business advice in exchange for sex by different women. Qantas has been ordered to pay $170,000 to three of the 1700 workers who were illegally fired during the pandemic amid a push for the airline to fork out more than $100m in compensationA senior male manager at Nine Entertainment is the subject of an investigation into an alleged rape reported by a junior female staff member as part of the media company’s independent reviewFollow 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

Hurricanes in the US have cost lives, wreaked enormous damage and left enormous financial costs. As we witness extreme weather events escalating worldwide, the connection to climate change is undeniable.Prime Minister Albanese just bought a $4.3M ocean front home, when most people can't afford their rent or mortgage. For a supposed man of the people, he seems to be completely out of touchANU asks staff to waive pay rise to save jobs. Virgin Australia records its second consecutive annual profit and a 6.8% year-on-year increase in revenue putting it in a stronger position compared with a 17% fall at its larger rival Qantas.ASIC figures show a 43% increase in insolvencies in Australia for the period up to 29 September 2024Follow 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 

ASIC data shows company insolvencies have hit record highs.Half of Australians expect cost-of-living pressures to deteriorate over the coming two yearsNew research shows grocery costs are the biggest pain point for Aussie consumers despite the recent pullback in official inflation figures.ANZ CEO Shayne Elliott doesn’t expect to remain in the top job to see through a multi-year integration of Suncorp’s bank, hints he won’t be there after 2025Wesfarmers says its fast-growing health division is expected to clock up $6 billion in revenues this year as it expands its digital and pharmacy operations to meet the growing demand from Australians, who it says are sicker than they were before the pandemic.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

Qatar Airlines gets around Qantas protectionism by buying a 25% stake in Virgin.Murdoch's REA walks away from Rightmove deal after making four bad offers.Rank-and-file Labor members urging the Albanese government to curtail negative gearing and capital gains tax concessions. An average of 4.02 million national viewers watched Brisbane’s 60-point thrashing of Sydney in the 2024 AFL Grand Final. Great for free-to-air television which relies on mass eyeballs for advertisers.Chocolate lovers already feeling the sting of high prices should brace for worse: costs will continue to rise as global cocoa supplies are at their lowest level in two decades.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  

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