Oil shock hits Australia, RBA's tough love & boomers lead home loan deals
3/20/202645 min
This week Chanticleer columnists James Thomson and Anthony Macdonald look at how the Iran oil shock will actually hit the economy, they examine the RBAs big call on interest rates this week and reveal why the generation scrambling from the rate hike isn't necessarily the one you think.
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First 90 secondsMandy Coolen0:00
[upbeat music] The Australian Financial Review.
James Thomson· Host0:06
[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. He's got a full tank of very pricey petrol, and he's ready to go. It's Anthony McDonald. How are you, Anthony?
Anthony Macdonald· Host0:31
Just glad I got the full tank, James.
James Thomson· Host0:33
Fantastic. [laughs] [upbeat music] This week we look at how the Iran oil shock will actually hit the economy. We examine the RBA's big call on interest rates and reveal why the generation scrambling as mortgage costs rise isn't necessarily the one you think. [upbeat music] But Anthony, let's start with the big corporate news of the week. The big Australian has a big new boss. Brandon Craig is the CEO of BHP, taking over from Mike Henry, who had a very successful six years in the job. But Anthony, Brandon Craig has a lower public profile than my auntie's cat. So I've got two questions. First, is he cut out for the job? And second, what is the deal with all these CEO changeovers we're having at the minute?
Anthony Macdonald· Host1:23
I've gotta admit, James, and I feel bad about this, I can't say I've met Brandon, and I've, I've never heard too much said