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Not great numbers when you take out food and energy.Don't worry about that crap.We have to go with the flow.Our market is up over 14% since February 10.This is Sky News Business, Australia's business channel.

Super Thursday continues with Switzer.

Hello and welcome to the Switzer program. I'm Peter Switzer. Don't I am doing the show from the Vinnies sleep-out in Sydney. We will talk to a number of CEOs who will brave the cold for the sake of Vinnies and to raise money for a good cause, namely the homeless. Before we start, I thought we would give a wrap up on the market with CMC Markets's Michael McCarthy, particularly with the Brexit vote coming up which could easily be a fantastic shot in the arm for the stock market or a shocker. Michael, thanks for joining us.Thanks Peter.At this point in time, voting has started but there are no indications at this point in time, is there?No, there won't be until early tomorrow morning our time. At east coast time, 8.30 a.m. We will see the results of how many people actually voted. That might be our first clue. If we get a big turn-out it is more likely to get a remain vote. A small turn-out could favour a leave vote. It could be a chaotic morning after that poll is released.Your mothership actually comes from the UK, CMC Markets?We are listed on the London stock exchange, so yes I will have many reasons to watch it closely.What are your fellow mothership buddies in the UK telling you about what they think will happen?They don't think that there will be a leave vote. There is a lot of division across the company. It is not a policy area. We are all free to have our own opinions. Speaking with the senior analysts there, they are backing a remain, despite the fact that our owner is heavily involved in the exit campaign. The remain vote seems more likely. The swing back we have seen in markets over the last couple of trading sessions is a reflection of a growing perception that that will be the result tomorrow.What is your feeling about what will happen if the Poms decide to go for Brexit? How would you play the market tomorrow?I have already got protection in place. If we get a chaotic result tomorrow and the market gets slammed. I will be well positioned. I have protection at lower levels and I will be looking to buy if we see that sort of result. A lot of the fear around this has been wildly overdone. The reality is if the Brits vote to leave, it is not binding on the Government and there is a 2-year process that doesn't get triggered immediately anyway. We are talking about a process that could take years or decades to fulfil that will, if it is expressed tomorrow. Given the fact that the first reaction would be very negative if the Brexit vote got up. How much do you think the market would fall? I know it is only a guess but what is your best guess?I would suggest you are looking at at least a 10% fall if we get a Leigh vote in the first couple of days of trading. It might happen in the first hour and we could bounce back. It might take a few days for a slow burn to take us to a low point. It would be more than 10% if we see a strong leave vote.At what point would you say this is when M McCarthy is going in to buy?I will do it on an individual stock basis. That has worked for me, following individual stocks, watching their share price and being responsive. When they fall I buy them, when they rise substantially, I sell them. Even though the market is flat, down since June 30 last year, I am then ahead in my portfolio.Some questions have been interesting me today. How come the Aussie dollar has gone to a 2-month high?It is about a weaker US dollar. We are not making those gains against currencies like the Yen - sorry we have made gains about the sterling but most other currencies we're not gaining against. It is about the weaker US dollar we have seen in the last two sessions has propelled us higher. We are seeing good support for commodities and that is supporting the Aussie generally. After the RBA minutes and talk from Janet Yellen over the course of this week reassessing the interest rate relationship between Australia and the US. We are waiting on that. The fact we saw Rio and BHP up today, not related to Brexit, more related to a lower dollar and that impact on commodity prices?Quite possibly. It was interesting to see pressure coming back towards the end of the session on those stocks. It hit at the close. You're right, they made good gains. We are looking at BHP, Rio and Fortescue, all still in the top 10 most shorted by dollar value. That tells us there is a lot of bearish out there about the iron ore miners.An area where I have worried about Brexit is the banks because we know the banks clearly are leveraged to the UK economy and the Eurozone. There will be two areas where urn certainty will prevail if Brexit gets up or the flip side if Leigh wins. I am expecting tomorrow that if we get good news the banks will go up pretty well, but if we get bad news they will get clobbered. Am I right in thinking that?I am not sure they will get clobbered. What a great move by NAB to spin off its Clydesdale operations earlier in the year. That takes a sting out of a leave vote for them. earlier We will get hit. It will be about the index selling, they will sell risk assets, our commodity exposure has put us near the top of that list as a market. The selling of futures will be translated into bank selling from that.Let's leave Brexit now. If we move away from that, what is the issue out there that is going to take our market up or bring it down away from Brexit? The key at the moment is that low inflation readings we have been getting around the world. If we see more normal inflation readings, that gives central banks more scope to move. At the moment their hands are tied by that weak reading. Part of it, or a large part of it is due to the big falls we saw in oil prices around 12 months ago. As they fall out of the numbers, we should see inflation bounce back. That might give people more confidence that the central banks have room to move and that is what can propel the Australian market higher.July 8, that is the next day when the Yanks put out their payroll numbers. Is seems to me that is a pretty important date, if we get another low number, I would expect the view would be no more rate rises and question marks over the strength of the US economy but the flip side is if they get a good number, a lot of negativity we have seen around the US economy and question marks about whether they will ever raise interest rates, that would change substantially, wouldn't it?Very much so. Although the headlines have focused on the one dot plot that showed one rate rise this year, most board members are expecting to lift US interest rates twice this year. There is commitment despite the weak numbers to get this going and a good jobs number would bring market thinking back to that point.Earlier this year you were courageous in where you predicted where the Aussie stock market might end this year or the high we might see. Have you retreated from that courageous call?I haven't. 5900 remains my year end target. I expect over the next couple of months we have got a rocky ride. We might touch 4800 again. I can't rule that out. By the end of the year, as we start a climb around September and October, we will build momentum as Christmas approaches and Santa comes again for Australian investors.Explain to the viewers why you have that optimistic view of where this best explanation I
market can go by years end?The best explanation I have had of the market behaviour over the last 12 months is it is swinging, sentiment is driving it to swing around a central modestly positive outlook. The Australian economy is OK. That means the share market should be OK too. At the moment, particularly in the first quarter of this year, we have been through bouts of extreme pessimism. The flip side is the optimism is the important part taking us up to that 5900 level.I am on a unity ticket with you on that. Thanks for joining us.Thanks Peter.Michael McCarthy from CMC Markets. I would like to introduce to you Vittoria Short, from CBA, I don't know your official title but I know it is a lofty important title. What is your title?The group executive for strategy and marketing at com bank.Thanks for joining us.Thanks.Is it the first time you have slept out with the CEOs?We are taking turns. It is important that we all take a chance to experience this and understand what is happening with homelessness in Australia.You didn't want Ian Narev to enjoy the benefits of this this experience, it is a useful and eye opening experience?Ian has been a part of this before, as has our previous CEO, Ralph Norris. We take turns. Tonight I am delighted it is mine.One thing I know from my experience with your colleagues in the past. You have done well in getting the money in. Do you know how your money is going at this point in time?I do actually. Just over 20. I think I am $22,000 and hoping to keep going.Did you put some timely emails around your colleagues at the bank to say come on, dig in?Plenty. There has been loads of emails like that to my colleagues and also our business partners and the teams around the organisation.What is it like being in marketing nowadays? We know the banks have been picked on by everybody. What is it like in trying to get the story out that you think the community should know?We need to focus on our customers and we are, focused on bringing new innovations to the market place. We are focused on the community and that is one of the big reasons why we are here. We are investing in financial literacy. We think it is important for homelessness as well. Some of the other things that we are focused on is domestic violence. What part can corporates play in understanding domestic violence and how we can assist with that.Has this been something that has been on the radar screen for a long time or is it something that we are starting to realise that we have been asleep at the wheel at?I think Rosie Batty did a terrific job of raising domestic violence and making it OK to talk about. From there, a lot of her good work has paved the way for month programs. We are working with some of the universities to understand what sort of education programs can we help put in place so people feel equipped to have those conversations in the right and supportive way. We obviously deal with people who are experiencing domestic violence and it can also manifest into a financial issue for them also. We are trying to get as prel yard as we can.Your work force, with the extraordinary number and it has profound impacts on the productivity of your organisation if you ignore something like that? It is very important for our people, our customers and the community at large. Anything we can do to have a positive impact is really worthwhile.A part of your business in marketing in the bank is to know what customers are thinking. What do you think are the prominent thoughts from Australians nowadays, since the GFC, we have saved more than ever before. We are living through a period of unbelievably low interest rates. What are the key drivers of your customers?There are two things I would call out. The first one is right now there is a huge amount of uncertainty with election-style issues. We know from things like Google search terms on the election, there has been 1.5 million hits on superannuation. There is a lot of uncertainty around what is changing and what it means for people. We know that exists. The other thing which is picking up on your point around the GFC and low interest rates, is we are seeing our customers using these low interest rates to get ahead on their mortgage repayments which is a very important thing.I have seen some RBA figures, the buffer that a lot of households have is such that really it means that, if your customers are more secure, it should be good for your balance sheets as well?I just think it is good for our customers. It is good for people to take this opportunity to get ahead and to feel more secure around their levels of debt. The flip side of that, that we need to keep an eye on is the low interest rates and the impact that has on the other side of the ledger, with people relying on interest so the retirees and preretirees as well.One last question, I know I have been one of the few people going around the country telling everything how good the economy is going. A lot of that comes from the economic stuff I get from your team, particularly Craig James, he puts out information every day. The CBA sales wide indications are at a 6-year high. That is going in your business customers and how they are going. That sounds like a good indicator that this economy, despite the confidence issues, is doing better than people expect?I agree with that sentiment. Despite things like Brexits and elections an the US and a lot of the uncertainty, the economic fundamentals are looking positive. There is a confidence out there. Yes, despite it all, Australia is doing well.Victoria, enjoy your night. I hope it is not too cold. We pat you on the back for being courageous and supporting this great cause. That is Vittoria Short from CBA. We will be back after the break and we will go around the country, seeing what is going on in other capital cities with this CEO sleep-out.

Welcome back to Switzer. Tonight, I am doing it from the CEO sleep-out in Sydney. Before we talk to our next CEO, let's go to Melbourne where my colleague Jackson Williams is there. How are you going, mate? Yeah, I am not too bad. It is not the best weather here. It might be predictable for a Sydneysider like yourself, it is cold, wet, windy here. I am doing my best. We are expecting around 200 business and community leaders here tonight. The majority of them, I have to say, have turned up so far. I am sure a few may pull out at the last minute.Where is it being held in Melbourne?Just outside the Convention Centre in south wharf by the Yarra River. Around 200 people attending tonight, including a couple of State politicians and the Governor of Victoria, Linda Dessot. Organisers, Vinnies Victoria are hoping to raise in excess of $600,000 tonight. They are much needed funds. Homelessness is a crisis here in Victoria. More than 22,000 people identify as homeless in this State. I spoke to a few of the participants here tonight a short time ago. Let's listen to that interview.I wanted to come back because the problem hasn't changed. I think that I can make a difference again and this time roping in some friends, like Janet and that is what really matters. We need to take responsibility here and it is not just about raising money, it is about creating an opportunity for other people to raise money too.Michelle mentioned you, what do you hope to achieve from being here tonight?I want to raise awareness around the issue. It is becoming more apparent to a lot of people that there is more homelessness on the streets but there is also hidden homelessness that people aren't necessarily aware of. Raising awareness of that and encouraging people to do something about it is really important.Chris, this is an important event for the 200 or so people that are sleeping out tonight. What about the wider community, what do you think the wider community can do to address the crisis, because it is a crisis, over 20,000 people identify as homeless in Victoria?It is. For me, because I am coming here from the facilities management association, we look after the built environment. We are trying to get people to perhaps look at ways to look outside the box and maybe they can house people in empty buildings at night, give them shelter. So the wider community, especially in the property industry, has got a lot that they can do to help.Over to you Bec, you have an inspiring story of why you are here tonight?We all carry judgement. I was out about eight weeks ago. Had had a few drinks, out with the girls and decided to sit down and have a conversation with a homeless man on the side of the road. I learnt a lot that day and learnt a lot about myself and how we shouldn't judge things so quickly. I thought I would put my words into action and pleased to be here to support homelessness.To you, Allan, what is your reason for being here tonight?Very similar. The hidden things that 30% of homelessness is from domestic violence, it makes you relate as a woman and I pass homeless people with my daughter all the time and I wanted her to see I was doing something.Thanks Jackson Williams in Melbourne. My next guess is the CEO of Oroton Mark Newman. Thanks for coming on the show. Why are you doing this?My first sleep-out was two years ago. That was a very - an experience that I found very confronting. I think that there are very few organisations and charities that you can support where you can really experience almost first hand what people - that that cause is there to raise money for or are doing and what these people experience on a daily basis. That was one of the reasons why I decided to come back again. Also, increasingly it is young women and children that find themselves in a situation where they are homeless. I have three daughters, so that is something that is very close to my heart. It is a fantastic cause.Do you know how much money you have raised at this point?We are about $35,000. That is a great result.Not bad. Tell us how retail is going in this country? We have been told it has been challenged. I am seeing conflicting results. Some areas are doing well. How are you finding it? I think there is no secret that discretionary retail at the moment is tough. There is a number of factors that are adding to that, in terms of consumer sentiment. We have the looming election. If you are in the apparel business, the winter started very late. I think it is tough. It is our job to try and weather those times and make sure we make our way through that. How does the dollar affect your business?It affects it a lot. Obviously we do a lot of our sourcing in US dollars. We do have a hedging policy. We have a very long hedging policy, almost two years out. Having said that, the hedgers we are utilising now are lower than they were this time last year. That presents a challenge to us in terms of our cost of good. One thing I have noticed is inbound tourism, particularly from Asia, is on a tear and I would have thought the sorts of products you sell would definitely be very appealing to our Asian tourists?No doubt. We certainly have a strong business with tourists, particularly Asian tourists. That does help to a certain extent. The large part of our business is domestic and Australians.You mentioned the election affect. I know a lot of people who aren't in business for themselves actually get surprised when people say this, but over the years have you noticed that people actually do pull their horns in until the election is out of the way?People get caught up in the media reports and I think that the overall - the stock market has been all over the place as well and people start getting concerned that there might be changes happening as a result of the election. We have just recently had the Budget. If we compare this year to last year, last year's Budget was positive. This year it was less positive. Last year you have a bounce, this year you don't get the same affect. It certainly does affect people. Most people have got mortgages that they are concerned about and rates and the overall economy. It creates a certain sense of uncertainty. Mark, thanks for joining us. Have a good night. That is Mark Newman, the CEO of Oroton. I am now going to talk to John O'Sullivan who is the CEO of MD Australia. Is this the first time you have done this? It is actually my second time. My first time in Sydney. I did it back in either 2011 or 2012 in Brisbane. A bit milder in temperature but still a great cause.I was in Brisbane for a speech this week and it was probably 18 and they thought it was cold. The next morning I was in Melbourne, that was cold. Tell me this, in terms of what you are trying to achieve, do you know what kind of money you have raised so far?I am just shy of $30,000 which I am pretty happy about. I only started fund raising in earnest about four weeks ago. Everyone is clear of my emails this they were getting during State of Origin time last night along with "Go Maroons". It is a great cause. As I said before to people, it strikes me as being incon grus that a country as prosperous as Australia can have such a large homeless problem.You thought it was a good idea to try and raise money in NSW by saying "Go Maroons"?I did. It back fired with some and it helped with others. Nothing like Origin to bring out the rivalry.The tourism sector is doing well at the moment. There was a report put out by CommSec and they said the level of tourism export services is at a level that we haven't seen since the Sydney Olympics. Are you aware of this?Very much so. The industry is going through a golden period at the moment domestically and internationally. Internationally we haven't seen the sort of growth we are getting from international visitors as we have over the last 12 months since 2000.Is it a dollar affect or something a lot more than that?Some of the parts. The dollar impacts the amount of money people spend when they are here. When the dollar was at party we were getting growth in the number of visitors to Australia. You need that growth of numbers to get that spend. It is also the fact that Australia has a lot of things now, the experience that people are looking for, particularly this burgeoning middle class from Asia. Aviation capacity has never been better into our country. The cost of flights to Australia now, because of that capacity, is also affordable.Have you liked the development that Qantas has a deal with a Chinese airline now and Virgin has basically two Chinese owners on their share registry and links to airlines. Is this a good thing for us?Undoubtedly. What happens is that both those airlines have been able to build extensive international networks through their alliance partnerships. We have seen with Emirates and Qantas, the opening up of Europe in a way that has been never done before. With Virgin Australia, with their alliances with Singapore airlines and Etihad Airways. That has done the same. It is very good for international visitors to Australia.Are the projections for tourism numbers for next year looking good?They are. The forward bookings are strong. Tourism research Australia things arrivals will grow at at least 5-6% over the years ahead to 2020. The industry tell us they have never seen bookings as good as they have got over the last few months. That is really good.Thanks for joining us, John. Have a good night. You deserve a real cold night, being a Queenslander.I don't want to talk about percentages but 10 out of 11 isn't bad.You are really hurting me, mate. Thanks for coming on the show. That is John O'Sullivan. For a break and next, we will see you after the next ad break.

Welcome back. Here I am at the CEO sleep-out. It would be a good idea if I was holding my microphone. Live TV sounds broadcast. That kind of thing happens. We are going to Brisbane and we will be talking to Joahanna Marie. Hello?Hello there. We have a problem with our connection. You're there?Hello. All the way from underneath Brisbane's iconic (NO AUDIO) I am here under the iconic storey bridge. We have around 150 business leaders, community leaders and people from the Queensland Government.Tell us about the weather? How cold is it in Brisbane tonight?Tonight is actually a little bit warmer than the southern States, it is getting down to around 15 degrees tonight.Tell us some of the star CEOs you have got there sleeping with you?

there sleeping with you?There is around 150 business leaders, community leaders and also some Government - the Deputy Leader of the Queensland Government and also the lord mayor is sleeping out here tonight under the iconic Storey Bridge. It is about creating awareness for homelessness in Queensland. Each night there is around 20,000 people who are without their home here in Queensland. It is a particularly strong issue that they are trying to create awareness and raise around $1 million here in Brisbane for much needed help and emergency assistance for those people.I hope you have a good night. Let's hope they can raise that kind of money. They had a good night last night with the Maroons winning. Let's hope they can dig deep and put their winnings into the pockets of the homeless. Thanks for joining us. Joining me now is Holly Kramer. He is a executive director at Woolies, at Nine, AMP and Australia Post. You have a great job. This is not the first time. I have interviewed you before. Tell us why you do it?This is my fourth year. I was invited along when I first started my first CEO job at best and less a few years ago. I just thought I have been lucky in my life and it is one night and it sounds like a good cause. That was at the start. Now I do it because I am hooked. Vinnies does a great job.If I recall correctly, you topped it one year. You maxed out with the most amount of money. How much did you bring?The first year, thanks to the wonderful people of Best and Less and all our customers $150,000 and $220,000 the year after that.That is fantastic. There would be people out there saying we know it is often difficult for women to get jobs on boards but you have done fantastically well. How come?Good question.I know it is a tough question. We ask tough questions on this show.Look, I think fortunately there is a lot of interest in getting better diversity on boards. That is obviously been helpful. Also in my career, I have had a lot of customer facing roles, a lot of marketing and with so many companies facing disruption and challenges, I think it is fantastic that boards are looking for people who understand customers and the market. That has helped. Considering the sort of businesses you are in, with AMP, women are major decision makers when it comes to finances. Woolworths, very important customers and Nine, at the end of the day, men would like to control the remotes in their home but we know we follow instructions, at the end of the day.Yes, I am glad to hear that, Peter. You understand how the world works.You tell me how you think the economy is going? You are across four very important businesses. How do you think the Aussie economy is doing?The data shows that of late, the economy has been trending slightly upwards, which is promising. We have seen that consumer confidence has been shaky for a long time. When I was talking to you two years ago, it has been shaky and there is uncertainty. At the moment we are heading into an election. There is an election overseas going on tonight. There is one coming up in the States in a number of months. It is creating a sense of uncertainty, particularly economic uncertainty and that makes people cautious.Do you think that the fact we have had so many PMs in a short space of time has been something that has undermined business and consumer confidence?I think people are mostly concerned about their jobs. Where the next dollar will come from and I think the fact that there has been a lot of changes, it is hard to tell where programs and regulation of policies and economic settings will land. I think that is what creates the sense of uncertainty.The interesting thing is that now you are on a number of important boards, you would have been in a position to assess how the media responds to publicly listed companies. Do you think sometimes that my colleagues in the media can be excessively negative around important issues related to companies as well as the outlook for the economy?The media certainly can put a spotlight on an issue. I think that is fair, public companies particularly need to be held to account. There is nothing wrong with that. But I do think sometimes the negativity can come from extreme focus on issues that aren't helpful. People understand what is going on in the world, they make their own decision.One area where we haven't had enormous rebound is business confidence, it has rebounded in recent times and business conditions according to NAB are good. Consumers have only crept into positive territory. What do you think is holding back confidence for consumers apart from jobs or is it purely jobs?It is also uncertainty, because there is the political change, there is uncertainty in the world. The situation with terrorism causes people to feel a lack of confidence. I think there is a lot going on in the external environment that makes people feel unsure about their futures.How are you going in terms of raising money, you haven't got your team at Best and Less, how are you doing this time?I have had to go to friends and colleagues this year. My goal was $10,000 and I am up to $12,000. I have tried to recruit other people to come along also. It is such a good event.Thanks for joining us. Look forward to seeing you next year.Thanks Peter.Our next guest is Matt Codrington from Lanova. Come on in. Tell us about why you are doing this?This is my fourth year. Four years ago I was invited to come along and experience the event. As I have learnt more about it, I have been more committed to it. Last year we were at Luna Park and there were sheets of rain coming in. The weather was atrocious. That reinforced the commitment to it. We keep coming back every year. The team at Lenova have overachieved our targets this year. It is about raising awareness as well and the team are enjoying contributing. We have a fairly serious corporate responsibility program and we take it seriously. The guys love investing in it.How good is your money raising at this point in time?First year I raised $10,000. Second year was about $18,000. Last year was $20,000 and this year we have raised $32,000.Good stuff. How is Lenova, as a company, going at the moment?We are doing really well. The market is evolving quickly. Technology is changing quickly. We are a leading technology company. We have just had our event in San Francisco. Tech World. We have launched a Tango device. We have worked on that with Google. It is an augmented reality phone. You can use your phone and you have to Google augmented reality and it is an ability to overlay virtual information onto a real world image. It has a lot of applications.Give us an example of how that would be applied?A simple example is you can take this phone into your living room, scan your living room, download a couch from IKEA and see what it looks like. Very simple.A lot of people in design would Lu that, apart from householders, the cool groovy high-tech householders would love it. This is a question I have been interested in, I was surprised to learn that a lot of the mid-cap CFOs didn't get the Malcolm Turnbull innovation and science agenda offering which was $1.1 billion over four years. A company like yours would have thought this is interesting. How have you guys responded to that particular Government initiative?It is a great initiative. It is a necessary initiative. We need to head down this - I am also on the board of the AWA. We have come to a point where we are ready to push that harder. We need to push it harder now. The messaging is out there. The support is out there from the Government. The rubber hasn't hit the road yet. We need to continue to push the messaging. Small and medium businesses don't understand what is on offer and how they can engage it. We have to continue to message that hard from a company perspective and from an industry perspective. That is our job. It is a great opportunity for businesses to engage technology. Technology changes the way you do business. Most businesses want to be aware of that. They want to engage. They just don't know how. It is making sure we are continuing to provide them the means.Your company is around the world. You are running the Australian operation, how is Australian small business perceived in its willingness to take up new technology and to see the productivity potential of investing in new technology?Australia is an innovative country. We always have been, an early adopter country also. Because we are so far away from everywhere else. We are forced into a mentality where we have to do it for ourselves. Small business has done that very well over the past few years. In a global economy, they need to be more connected. Almost look outside of Australia in a lot of cases to see how they can expand and grow their businesses. This is a new era of small business in Australia. We have done the traditional business well. Now it is thinking outside that box. Whether it is engaging technology or other things, it is how to build that business.How do you encourage small businesses and medium sized businesses? They are often so busy doing what they are doing and sometimes they need someone to come along and say "Have you thought about doing this? " And they could be receptive. How do you get through to them because often they are busy?Sure. There is a couple of mechanisms we use. We run programs around Australia where you can listen to seminars. We have a web site called Think Forward. You go to that web site and it talks about small businesses and the challenges they have, how they engage technology. What it means to them. How do you get a return on the investment of technology? What are the pluses and minuses and the considerations. The web site is a great mechanism. Then we work with a broad partner community to work with businesses to identify the best technology they can use. It is a multi-faceted approach on how we touch small businesses before we sell anything to them. It is about engagement without showing them what the technology can do.What is your feeling about the Aussie economy? Are you cautiously positive or negative?I am cautiously positive. There is a bit of churn with the election. There is elections in a number of different parts of the world. The dollar has dropped. That is OK for exports. We have to make sure it is OK internally. It is steady. The markets have steadied. I am optimistic.Thanks for joining us, Matt. Matt Codrington from Lenova. Back after the this break.

Welcome back to Switzer. Tonight I am doing it from the CEO sleep-out in Sydney for Vinnies. Joining me is the head fundraiser for this event, Yolanda Sage from Vinnies. How many years have you been doing this now?This is my sixth sleep-out. The event has been a a huge event and it has a huge impact on people. Apart from being a significant fundraiser for us, which is important, it helps us to connect with people who have a voice in the community and they can speak on behalf of those who are voiceless. It is important.What about numbers of CEOs, how does it compare this year?We have more this year than other years. They are all doing their bit in fund raising. We lot a couple of big hitters this year from the fund raising perspective but it is amazing that we don't to get the support of corporate Australia and it shows a commitment.The guests I have spoken to so far seem to be raising larger amounts than they have in the past. That is a good sign. What about around the country, are you doing it in the same number of spots or have you increased the number of spots?We have ip creased the number of spots. It is ever growing. We have the Gold Coast this year and Townsville for the second year. They are new. Gold Coast is going well. They have raised over $300,000. That is amazing for a first sleep-out.I could do a sleep-out in Townsville any old time, the temperature would be lovely.We think they are a bit soft. All the support we can get from across the country, we appreciate it. We can say it goes to help and change lives. That is why it is so important.Give us an example of how the money is used to have a big impact on the homeless? The homeless profile has changed substantially over the years, hasn't it?That is right. If you ask people what they think homelessness looks like it is different to reality. We know there is 105,000 people in Australia experiencing homelessness. But what is shocking to a lot of people is 60% are under the age of 35. People in the prime of their lives, people that should be building successful and happy lives. Unfortunately, through trauma, they find themselves in a situation where they are homeless. At Vinnies, we run a number of services across the country. In NSW we run 100 services. 40 of those are homeless services. A range of programs, counselling, education, training, ensuring we keep the children engaged. We have a lot of domestic violence refuges, which is topical. We provide the basics, such as food. Accommodation, showers and clothing. What we really try to do is give people the skills to rebuild their lives. We want to get them out of homelessness. We don't want to be in business. We want to have housing, rebuild successful lives and feel confident in themselves to do that. A lot of our programs aim at doing that.You spend a lot of time picking out people who really have potential and need some mentoring. I have seen the young people and even older people who have been brought on because of the mentoring from Vinnies. That is an important part of the process too isn't it? Absolutely. We believe that everybody has potential. We often say but the grace walk I, we believe by giving people opportunities with education, training, cooking classes and barista courses, opportunities to open doors for employment, everybody has the capacity to rebuild their life. We walk that journey with them. We do a lot of work in early intervention. We can identify people early on who are at risk of homelessness and we have programs aiming at keeping people housed. We have a range of services to get them back on their feet if they fall into homelessness.In years gone by I have slept with Tony Abbott and Malcolm Turnbull and Christopher Pyne. Do we have any politicians out this year? They are so busy trying to get re-elected. Have they turned up to sleep?I am glad you said that you have slept with those people -In a non-intimate sense?Of course. We always have such great support from the Government. Malcolm Turnbull has been a great supporter of ours. This year we don't have that many politicians sleeping out for obvious reasons. They are on the hustings. That is what they would be doing. Malcolm sent a lovely message of support to us yesterday. We know he is engaged with this issue and with this event. We do have some local MPs, State MPs sleeping out. There is a few of them.Finally, how much money do you think you have raised so far? What is the target and I will ask you how my view is if they want to contribute, the viewers, how can they do that?The target nationally is $6.5 million. We are just over $5 million currently. In NSW the target is 2.2. We are travelling at close to 1.6. We encourage everyone that can to think about, on these cold nights what it would be like to sleep rough or in a car or caravan park or wherever it might be and make a contribution and you can do it by going to the CEO sleep-out web site.I know a lot of us see home homeless people and we don't know what to do, might feel nervous to approach them in case we were annoying them or whatever but this is an indirect way to help that group of people who certainly are down on their luck?Exactly. We encourage people to support us. Another thing we say, apart from financial donations is a lot of feed back we get from people experiencing homeless ness is if people say hi to them. They often feel invisible. We are here to give them a voice and make them be seen. The web site again?WWW.C EO sleep-out.o rg.au.That is the show tonight from the CEO sleep-out in Sydney. Thanks for joining us. Don't forget best of Switzer over the weekend. If you can find money for this really good cause, please do it. See you next week.

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Welcome to this special edition of Your Money Your Call from the Australian Stockbroker Awards. Today we have a special show in store. You won't be able to dial in. Instead we'll be taking emails you've sent through the week. We're here at the Australian Stockbroker Awards at what will be a great night for the awards and the charities it expects. We're lucky to have a banking analyst at James potter, James Wright, the chief investment officer at JB Were and Cameron Duncan from Shaw&Partners.