AI’s first Aussie job cuts, best and worst of profit season & a chook grills the RBA boss
2/27/202641 min
This week James Thomson and Anthony Macdonald look at AI’s melting moment on Wall Street, they give you their best and worst of corporate Australia’s profit season and they look ahead to the AFR’s premier event, the Business Summit.
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Transcript preview
First 90 secondsJames Thomson· Host0:00
[upbeat music] The Australian Financial Review. [upbeat music] Hello, I'm James Thompson, senior Chanticleer columnist at the AFR. Welcome to our weekly news breakdown of all things business, finance, and markets. [upbeat music] With me today, as always, it's my Chanticleer colleague, the man who's looked at more numbers this week than Russell Crowe in A Beautiful Mind, it's Anthony McDonald. How are you, Anthony?
Anthony Macdonald· Host0:30
I'm back in love with the financial statements, James.
James Thomson· Host0:33
Brilliant. [upbeat music] Well, this week we look at AI's melting moment on Wall Street, we give you our best and worst of corporate Australia's profit season, and we look ahead to the AFR's premier event, The Business Summit. [upbeat music] But first, Anthony, have you had some pangs in your heart this week?
Anthony Macdonald· Host1:00
Oh, yeah.
James Thomson· Host1:00
The audit has struck back with not one, not two, but three matters that caught our attention, at shipbuilder Austal, gas play Strike Energy, and the online fashion retailer Cettire. Now, the auditors are usually a silent but important part of reporting season. They're the ones that sign off on the company accounts, and the seal of approval they give is very important for investors in the background. But at these three companies, something has gone a bit skewiff. Anthony, you are our former auditor,