Original Broadcast: This is Money
Britain's new Chancellor Kwasi Kwarteng delivered a blistering mini-Budget this week that was anything that small. A wave of tax cuts were unleashed. Some had been heavily trailed, such as spiking the National Insurance hike and a stamp duty reduction, but there were also two rabbits out of the hat: a cut in basic rate income tax to 19p from April and abolishing the 45p income tax rate. Those tax cuts joined a wave of spending commitments, most notably the huge energy price guarantee bailout for Britain's households and businesses. Paul Johnson, of the IFS, said: 'Mr Kwarteng is not just gambling on a new strategy, he is betting the house'. Georgie Frost, Lee Boyce and Simon Lambert discuss what the going for growth mini-Budget means for people, how much they may save in tax, and whether it will work or cause the UK economy even more problems down the line. One thing was clear in the aftermath: markets didn't like the break from the orthodoxy that they saw, and the pound tumbled below $1.10 while UK gilt yields jumped. But how much does that have to do with the mini-Budget and how much does it have to do with the Bank of England's rate decision that delivered a bumper rise of 0.5%, which was still considered small next to the US Federal Reserve's 0.75% bazooka? And finally, we've heard lots of 'glass half-empty' verdicts on our current economic situation but what is the 'glass half-full' one? Simon has a crack.
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Original Broadcast: Motley Fool Show
For the 5th time in six weeks, there was a lot of red on Wall Street. Jason Moser and Maria Gallagher discuss the Fed's latest rate hike spooking investors, Costco delivering (yet again) in the 4th quarter, Darden Restaurants walking a fine line with customers, DocuSign's hiring its new CEO from Alphabet, and Amazon declaring victory with Thursday Night American Football. 20 minutes in, Deidre Woollard and Matt Frankel talk with Robert Leonard, host of the Millennial Investing podcast, about house hacking. 28 mionutes in, Maria and Jason answer questions from the Fool Mailbag and share two stocks on their radar: Lululemon Athletica and Microsoft. Stocks discussed on the show: COST, TGT, UPS, WMT, DRI, DOCU, GOOG, GOOGL, AMZN, AAPL, PYPL, PG, LVMH, LULU, MSFT. Host - Chris Hill; Guests - Maria Gallagher, Jason Moser, Deidre Woollard, Matt Frankel, Robert Leonard
Guests: Maria Gallagher,Jason Moser,Deidre Woollard,Matt Frankel,Robert Leonard
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Original Broadcast: Motley Fool Show
Shorter economic cycles and more frequent recessions doesn't necessarily mean the downturns will be brutal. John Rotonti talked with Liz Ann Sonders, Chief Investment Strategist at US retail investment business Charles Schwab, about the “mother’s milk” of stock prices, how this market is simultaneously like the 1970s, post-WWII, and completely unique, and one common rebalancing mistake that investors often make. Host - John Rotonti; Guest - Liz Ann Sonders
Guests: Liz Ann Sonders
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As the media speaks of the Government 'gambling with the economy', many people worry about rising prices and interest rates; and their retreat into caution makes the likelihood of recession that more probable. If you are trying to deal with the stress of everyday uncertainties and inclined to retreat into a bunker mentality, this episode could help relieve the pressure.
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Original Broadcast: Modern Mindset
Adam Cox is joined by Americana folk singer-songwriter who's worked with several stars across the U.S.A, Graham Wilkinson, to discuss how Austin, Texas, came to become the undisputed 'Live Music Capital of the World'. They look at how British cities could learn from Austin's live music scene, and why local authorities are so paramount in supporting music. https://www.austintexas.org/
Guests: Graham Wilkinson
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Adam Cox is joined by author and Life Design Coach, Michelle Margaret Marques, to discuss her new book 'Rebel Woman', and how her experiences shaped her life and book. She explains how her courses work to empower listeners to improve their own mindset and gives advice to listeners who feel they are stuck in a rut. https://www.michellemargaretmarques.life/
Guests: Michelle Margaret Marques
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Original Broadcast: The Financial Outlook for Personal Investors
Victoria Scholar of Interactive Investor discusses with Simon Rose the Fed's hiking of interest rates by 75 basis points, with indications they have further to go. The move strengthened the dollar still further. In the UK, the Bank of England opted for a 50 basis point rise, rather than 75 (the highest level since 2008), with the MPC split over the decision. With the pound continuing to weaken, she also discusses why former ratesetter Danny Blanchflower has said investors should short sterling.
Guests: Victoria Scholar
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Original Broadcast: The Bigger Picture
Professor Tim Evans of Middlesex University discusses what we might expect from Liz Truss as Prime Minister. He points out how long it has been since the Government (or Opposition) had a clear strategy. He also wonders where the Russian economy is heading now that Europe appears to be weaning itself off the country's energy. And he reflects on the late Queen and her funeral, surprising himself with the realisation that her death appears to have taught many of us something about ourselves.
Guests: Professor Tim Evans
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Original Broadcast: The Business Of Film
James Cameron-Wilson laments a further decline in the UK box office, off another 31%. See How They Run is still #1 with Bowie doc Moonage Daydream at #10. The worthwhile but uncomfortable drama Both Sides of the Blade with Juliette Binoche only managed #48. Cleaned up for a Blu-Ray release is Antonioni's 1982 provocative arthouse film Identification of a Woman. James was pleasantly surprised by I Came By, an unsettling dystopian view of Britain today with George Mackay and Hugh Bonneville, which is on Netflix.
Guests: James Cameron-Wilson
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Original Broadcast: Gadgets and Gizmos
Share Radio's technology editor Steve Caplin reveals to Simon Rose the winners of the Ig Nobel prizes for science. There's also news of how AI can change the accents of cold callers, of a giant simulated moon you can visit, how building blueprints can be interpreted by robots, how cockroaches can be turned into cyborgs for dangerous situations, how concrete buildings can be easily constructed using inflatable forms, a motorless food blender, a clever camping lantern and why Janet Jackson might crash your laptop.
Guests: Steve Caplin
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