Frasier is forced to give up ten minutes of his show for a new financial analysis segment. When the beautiful new stock market reporter's attitude rubs everyone the wrong way, Frasier misreads her signals, which lands everyone in a sexual harassment seminar.

Tired of being humiliated in his club's annual squash tournament, Niles ditches Frasier and pairs with a younger partner. A P.E. teacher named Chelsea asks Frasier to team with her in the mixed doubles competition.

KACL organizes a bike-a-thon to raise money for AIDS research. Frasier plans to just make a financial donation, but is goaded into participating after Julia announces her intention to take part. Daphne suggests that she and Niles also enter the event.

Frasier consults his old friend Avery for advice on his finances. Avery says that Frasier's spending habits are out of control. Frasier becomes depressed and heads out to Cafe Nervosa to think about a solution.

Julia becomes extremely depressed after breaking up with Avery, who had never followed through on his promise to leave his wife for her. He tries to deny her the credit for their software company, an endeavor for which she did most of the work.

Roz tries to train the woefully incompetent Noel as Frasier's new producer as she prepares to leave KACL. She becomes increasingly melancholy about the possibility of leaving Frasier, and bristles upon learning of his new relationship with Julia.

Roz's return to KACL rattles Frasier, who's reinvolved with Julia; Niles' fatherhood plans get an unexpected setback he determines to remedy with an unorthodox virility enhancer.

Love blinds Frasier to the faults of Julia, who behaves obnoxiously and insensitively at a Crane dinner gathering. For starters, she embarrasses Daphne, then winds up chattering incessantly on her cell phone.