1 00:00:06,280 --> 00:00:09,639 Speaker 1: Welcome to Fear and Greed business news you can use today. 2 00:00:09,840 --> 00:00:13,560 Speaker 1: Equities outperform bonds and residential properties so far this year. 3 00:00:13,960 --> 00:00:16,720 Speaker 1: Apple is set to announce big changes to its iOS 4 00:00:16,800 --> 00:00:21,080 Speaker 1: operating system, and riots continue in Los Angeles as Donald 5 00:00:21,079 --> 00:00:23,880 Speaker 1: Trump calls in the National Guard. Plus a very poor 6 00:00:23,920 --> 00:00:27,200 Speaker 1: week for housing auctions, and Channel ten cuts its main 7 00:00:27,400 --> 00:00:30,560 Speaker 1: current affairs program. It's Tuesday, the tenth of June twenty 8 00:00:30,600 --> 00:00:33,800 Speaker 1: twenty five. I'm Michael Thompson and good morning, Sean Aylmer. 9 00:00:34,000 --> 00:00:35,080 Speaker 2: Good morning, Michael. 10 00:00:35,479 --> 00:00:38,559 Speaker 1: Sean the newsletter, the Fear and Greed Newsletter. Obviously, we 11 00:00:38,600 --> 00:00:41,600 Speaker 1: had a long weekend, so the show went out yesterday. 12 00:00:41,640 --> 00:00:44,360 Speaker 1: The newsletter did not. It is back with a vengeance today. 13 00:00:44,640 --> 00:00:47,600 Speaker 2: Absolutely, it's a cracking newsletter and if you want to 14 00:00:47,640 --> 00:00:51,120 Speaker 2: get to work one step in front of your colleagues 15 00:00:51,200 --> 00:00:53,720 Speaker 2: or maybe your clients, the newsletter is a way to 16 00:00:53,760 --> 00:00:53,960 Speaker 2: do it. 17 00:00:54,080 --> 00:00:56,640 Speaker 1: Yeah. It's a great quick two to three four minute reads, 18 00:00:56,640 --> 00:00:59,520 Speaker 1: so definitely worth signing up for it. And it's absolutely free. Now, Sean. 19 00:00:59,600 --> 00:01:03,200 Speaker 1: The main story this morning. Equities are outperforming the property 20 00:01:03,200 --> 00:01:05,960 Speaker 1: and government bond market so far in twenty twenty five, 21 00:01:06,480 --> 00:01:09,199 Speaker 1: though really no asset class is shooting the lights out 22 00:01:09,360 --> 00:01:12,080 Speaker 1: because global uncertainty is weighing on returns. 23 00:01:12,480 --> 00:01:15,480 Speaker 2: Exactly after some pretty good years for investors post COVID. 24 00:01:15,640 --> 00:01:20,040 Speaker 2: The three main asset classes, equity, bonds, and property are 25 00:01:20,120 --> 00:01:22,759 Speaker 2: running into headwinds. When I say property, I'm talking about 26 00:01:22,760 --> 00:01:26,880 Speaker 2: residential property, not commercial equities. First, the smp ASX two 27 00:01:27,000 --> 00:01:30,240 Speaker 2: hundred is up three point four percent so far this year, 28 00:01:30,560 --> 00:01:33,039 Speaker 2: that's till the end of May. The gold stocks are 29 00:01:33,120 --> 00:01:36,040 Speaker 2: far and away the biggest winners, followed by the banks. 30 00:01:36,200 --> 00:01:39,280 Speaker 2: Another big winners Telstra nearly twenty percent this year. In fact, 31 00:01:39,280 --> 00:01:42,160 Speaker 2: Comwolf Banks up about fifteen percent. The energy stocks have 32 00:01:42,240 --> 00:01:45,119 Speaker 2: been the biggest laggards, Woodside for examples of ten percent. 33 00:01:45,160 --> 00:01:48,720 Speaker 2: Healthcare companies have also underperformed. In general, CSL the market leaders, 34 00:01:49,000 --> 00:01:53,560 Speaker 2: down twelve percent. Turning to property prices across the capital cities, 35 00:01:54,000 --> 00:01:56,960 Speaker 2: they're up one point seven percent over the first five 36 00:01:57,000 --> 00:01:59,920 Speaker 2: months of the year. Now, there's plenty of disparity underneath 37 00:02:00,080 --> 00:02:03,680 Speaker 2: that top line number, but the performance has been about 38 00:02:03,720 --> 00:02:07,400 Speaker 2: half that of equities. Across all dwellings, we're talking about 39 00:02:07,400 --> 00:02:12,000 Speaker 2: houses and units stand out this year. Michael Darwin believe 40 00:02:12,040 --> 00:02:14,799 Speaker 2: it or not, up six percent. Canber on the other hand, 41 00:02:14,840 --> 00:02:18,000 Speaker 2: is up just zero point three percent. Sydney, Melbourne, Adelaide 42 00:02:18,040 --> 00:02:20,359 Speaker 2: and Perth all up between one two percent that type 43 00:02:20,360 --> 00:02:23,480 Speaker 2: of thing. Brisbane doing slightly better. If you dig into 44 00:02:23,600 --> 00:02:27,320 Speaker 2: coatality numbers, that's where these numbers are coming from. Where 45 00:02:27,360 --> 00:02:30,320 Speaker 2: you really wanted to be this year, at least in property. 46 00:02:30,960 --> 00:02:35,200 Speaker 2: I'm not sure physically, but we'll see Regional South Australia. 47 00:02:35,280 --> 00:02:38,639 Speaker 2: Why wouldn't you want to be in Regional South Australia. 48 00:02:38,760 --> 00:02:41,280 Speaker 1: Correction, A very good point is just digging yourself a 49 00:02:41,320 --> 00:02:43,400 Speaker 1: deeper and deeper hole there, and I was like, I 50 00:02:43,440 --> 00:02:46,400 Speaker 1: was just watching you go. You are You're you going. 51 00:02:46,360 --> 00:02:49,040 Speaker 2: To get out of this one South Regional South Australia 52 00:02:49,080 --> 00:02:51,760 Speaker 2: prices are up more than seven percent best in the country. 53 00:02:51,919 --> 00:02:53,720 Speaker 2: Bonds have been broadly flat for the year. If you 54 00:02:53,760 --> 00:02:55,680 Speaker 2: bought a ten year gum and bond on the final 55 00:02:55,760 --> 00:02:57,359 Speaker 2: day of twenty twenty four, you were getting a yeal 56 00:02:57,400 --> 00:02:59,399 Speaker 2: to four point three seven percent. Today you're getting about 57 00:02:59,400 --> 00:03:04,239 Speaker 2: four point three zero percent. Yields move inversely to prices. 58 00:03:05,120 --> 00:03:07,520 Speaker 2: It's kind of hard. Bonds are a bit more difficult too. 59 00:03:07,639 --> 00:03:10,760 Speaker 2: It's not quite apples and apples, but broadly bond prices 60 00:03:10,800 --> 00:03:12,720 Speaker 2: have risen by one point seven percent. That's about the 61 00:03:12,760 --> 00:03:16,359 Speaker 2: same as a residential property. So equities have provided returns 62 00:03:16,360 --> 00:03:19,960 Speaker 2: in twenty twenty five about twice that of property and bonds. 63 00:03:20,080 --> 00:03:24,359 Speaker 2: Broadly speaking, of course, Sean, we're not an investing podcast, 64 00:03:24,880 --> 00:03:27,400 Speaker 2: and just because it's happened previously doesn't mean it's going 65 00:03:27,440 --> 00:03:33,480 Speaker 2: to happen again. But what's the outlook for the three markets? Well, 66 00:03:33,600 --> 00:03:36,560 Speaker 2: these sorts of questions come with all sorts of caveats. 67 00:03:36,560 --> 00:03:39,280 Speaker 2: For example, you get coupon payments when you buy bonds, 68 00:03:39,520 --> 00:03:41,680 Speaker 2: you get rental payments if you have an investment home, 69 00:03:41,920 --> 00:03:45,920 Speaker 2: dividend payments, if your own shares. They're all yielding different numbers. 70 00:03:45,960 --> 00:03:50,160 Speaker 2: They can be taxed differently, so really see a financial advisor. 71 00:03:50,240 --> 00:03:52,800 Speaker 2: So there's plenty of wrinkles on any straight comparisons, but 72 00:03:53,000 --> 00:03:56,880 Speaker 2: broadly equities will analyst tracking equities. You're in for a 73 00:03:56,920 --> 00:03:58,920 Speaker 2: tough ride in the next few months, all out of 74 00:03:58,920 --> 00:04:02,560 Speaker 2: the uncertainty of the Trump Tariff's AMP. Shane Oliver expects 75 00:04:02,560 --> 00:04:07,000 Speaker 2: equities to struggle, though they should recover by the year's end. 76 00:04:07,320 --> 00:04:10,480 Speaker 2: Oliver expects bondie ealth to stay where they are and 77 00:04:10,600 --> 00:04:13,720 Speaker 2: while property prices should be supported by rate cards. Few 78 00:04:14,480 --> 00:04:17,919 Speaker 2: economists expect a property boom, so I'm not really giving 79 00:04:17,920 --> 00:04:23,919 Speaker 2: you an answer, but rough road ahead for equities. Not 80 00:04:24,000 --> 00:04:28,839 Speaker 2: a lot going on in bonds, and property probably will rise, 81 00:04:29,640 --> 00:04:31,719 Speaker 2: but no one's expecting a boom. 82 00:04:32,000 --> 00:04:34,120 Speaker 1: Okay, well you gave me a good answer there. I mean, 83 00:04:34,120 --> 00:04:36,240 Speaker 1: it's not necessarily what I want to hear, but it 84 00:04:36,360 --> 00:04:39,720 Speaker 1: was an answer. Nonetheless, Markets, how do they go over 85 00:04:39,760 --> 00:04:40,239 Speaker 1: the weekend? 86 00:04:40,480 --> 00:04:43,719 Speaker 2: Well, the local ASX was up up one percent last week. 87 00:04:43,720 --> 00:04:45,559 Speaker 2: Wall Street was up one and a half percent. Future 88 00:04:45,640 --> 00:04:48,920 Speaker 2: training suggests the ASEX two hundred will open high this morning, 89 00:04:49,120 --> 00:04:51,760 Speaker 2: given it's less than one percent from its all time high. 90 00:04:51,880 --> 00:04:55,080 Speaker 2: Notwithstanding it hasn't actually done much this year, we could 91 00:04:55,200 --> 00:04:58,040 Speaker 2: be in for a peak this week. Perhaps. Otherwise, oil 92 00:04:58,080 --> 00:05:01,000 Speaker 2: prices are up, with Brent fetching more than sixty six 93 00:05:01,160 --> 00:05:03,520 Speaker 2: US dollars a barrel, goals trading around three thousand, three 94 00:05:03,560 --> 00:05:05,839 Speaker 2: hundred and sixteen US dollars an ounce, and the Aussie 95 00:05:05,839 --> 00:05:08,240 Speaker 2: dollar is buying sixty five point one US cents. 96 00:05:08,960 --> 00:05:11,840 Speaker 1: Just turning to property quickly shown the number of auctions 97 00:05:12,040 --> 00:05:15,560 Speaker 1: held over the weekend fell sharply. It's not a surprise 98 00:05:15,920 --> 00:05:20,240 Speaker 1: given the King's Birthday holiday. What was unexpected, though, was 99 00:05:20,279 --> 00:05:23,400 Speaker 1: the dramatic fall in the preliminary clearance. 100 00:05:23,040 --> 00:05:26,320 Speaker 2: Rate down to sixty three point eight percent, the lowest 101 00:05:26,680 --> 00:05:29,880 Speaker 2: of the year world percent, well below the seventy percent 102 00:05:29,960 --> 00:05:33,680 Speaker 2: pace of recent weeks. Sydney came in at fifty nine 103 00:05:33,720 --> 00:05:36,640 Speaker 2: point nine percent. Now, they did have an odd week 104 00:05:37,080 --> 00:05:39,359 Speaker 2: in January where it was lower than that for the 105 00:05:39,400 --> 00:05:43,440 Speaker 2: preliminary clearance rate, but otherwise this is the lowest of 106 00:05:43,600 --> 00:05:46,280 Speaker 2: the year. Not sure what's going on in that city. Meanwhile, 107 00:05:46,320 --> 00:05:48,800 Speaker 2: Melbourne maintained its pace at seventy one and a half percent. 108 00:05:48,839 --> 00:05:51,920 Speaker 2: That's six weeks running above seventy percent for the southern capital. 109 00:05:52,240 --> 00:05:54,840 Speaker 2: In the smaller capitals Adelaide, Brisbane, Canber kind of at 110 00:05:54,839 --> 00:05:57,480 Speaker 2: fifty five to sixty percent rate. The good news for 111 00:05:57,560 --> 00:06:00,800 Speaker 2: home manners and buyers is at most economists now think 112 00:06:00,839 --> 00:06:04,359 Speaker 2: the Reserve Bank will cut interest rates next month. The 113 00:06:04,400 --> 00:06:07,920 Speaker 2: board meet on the seventh and eighth of July. But 114 00:06:08,080 --> 00:06:11,160 Speaker 2: luck we are going to get another rate cut. 115 00:06:11,160 --> 00:06:15,000 Speaker 1: Those clearance rates really do defy what you would expect, 116 00:06:15,040 --> 00:06:18,840 Speaker 1: because not just expecting a rate cut last week. All 117 00:06:18,920 --> 00:06:21,520 Speaker 1: the talk when you listen to say Sally Auld from 118 00:06:21,839 --> 00:06:24,320 Speaker 1: NAB is about the fact that we may have three 119 00:06:24,440 --> 00:06:27,000 Speaker 1: more rate cuts this year, so the expectation there is 120 00:06:27,120 --> 00:06:27,880 Speaker 1: pretty high. 121 00:06:28,320 --> 00:06:33,120 Speaker 2: It may be an anomaly last week because of the 122 00:06:33,520 --> 00:06:36,159 Speaker 2: King's holiday weekend, but it'll be interesting to see what 123 00:06:36,160 --> 00:06:36,960 Speaker 2: happens this week. 124 00:06:37,160 --> 00:06:39,599 Speaker 1: Yeah, indeed, all right, we've got a lot still to cover, Sean. 125 00:06:39,680 --> 00:06:41,599 Speaker 1: We'll take a quick break back in a moment with 126 00:06:41,640 --> 00:06:51,440 Speaker 1: the rest of the day's business news. Sean. The federal 127 00:06:51,480 --> 00:06:55,240 Speaker 1: government was out and about yesterday, repeating that defense spending 128 00:06:55,279 --> 00:06:58,120 Speaker 1: will be based on Australia's needs rather than what the 129 00:06:58,240 --> 00:07:00,000 Speaker 1: United States wants exactly. 130 00:07:00,040 --> 00:07:04,000 Speaker 2: Defense Minister Richard Miles says Australia will make defense investments 131 00:07:04,120 --> 00:07:07,320 Speaker 2: based on our own national interest. It's similar to what 132 00:07:07,360 --> 00:07:10,000 Speaker 2: Prime Minister Anthony Alberize, he said in response to US 133 00:07:10,040 --> 00:07:14,000 Speaker 2: Defense Secretary Pete Hexer's demand for Australia to lift defense 134 00:07:14,040 --> 00:07:18,320 Speaker 2: spending to three and a half percent of gross domestic product. Meanwhile, 135 00:07:18,400 --> 00:07:22,520 Speaker 2: Green's Treasury spokesman Nick McKim says he looks forward to 136 00:07:22,600 --> 00:07:27,160 Speaker 2: constructive discussions with Treasurer Jim Chalmers over Labour's proposed tax 137 00:07:27,240 --> 00:07:29,800 Speaker 2: hike on high value superinnuation accounts. 138 00:07:30,240 --> 00:07:33,480 Speaker 1: Virgin Australia is set to release its initial public offering 139 00:07:33,520 --> 00:07:37,280 Speaker 1: prospectus this week and already the carriers bankers have told 140 00:07:37,320 --> 00:07:39,720 Speaker 1: investors that there won't be enough shares to go around. 141 00:07:40,040 --> 00:07:42,600 Speaker 2: Yes, so commitments for its six hundred and eighty five 142 00:07:42,920 --> 00:07:47,720 Speaker 2: million dollar IPO have been quote very well covered end quote. 143 00:07:47,960 --> 00:07:51,120 Speaker 2: According to Virgin that basically you mean some investors won't 144 00:07:51,160 --> 00:07:54,280 Speaker 2: get the full amount of shares they want. The airline 145 00:07:54,280 --> 00:07:57,760 Speaker 2: has scaled back allocations. Priority has been given to investors 146 00:07:57,800 --> 00:08:01,800 Speaker 2: who's engaged early in the IPO process. But end of 147 00:08:01,840 --> 00:08:04,720 Speaker 2: the day, it says more demand than supply, which is 148 00:08:04,720 --> 00:08:05,840 Speaker 2: a good place for Virgin to be. 149 00:08:06,320 --> 00:08:08,400 Speaker 1: Is that partly to think because there's just been this 150 00:08:08,560 --> 00:08:12,480 Speaker 1: lack of exciting IPOs coming through, that suddenly that there's 151 00:08:12,480 --> 00:08:14,720 Speaker 1: a bit of enthusiasm in the market. People are desperate 152 00:08:14,760 --> 00:08:15,840 Speaker 1: for some new new blood. 153 00:08:16,320 --> 00:08:18,520 Speaker 2: Yeah. I mean I think that's true to some extent. 154 00:08:18,640 --> 00:08:21,200 Speaker 2: It's not a huge IPO, only six hundred and five million, 155 00:08:21,680 --> 00:08:24,480 Speaker 2: and you know, I think investors what to make sure 156 00:08:24,480 --> 00:08:27,640 Speaker 2: they're getting a return on it. Given what Constis's share 157 00:08:27,640 --> 00:08:30,520 Speaker 2: price has done recently, they probably think Version's not a 158 00:08:30,520 --> 00:08:31,960 Speaker 2: bad investment. 159 00:08:31,560 --> 00:08:35,200 Speaker 1: Place to be. Okay, big week for Apple. Sean, I 160 00:08:35,240 --> 00:08:38,120 Speaker 1: get very excited about this, you do, because, if the 161 00:08:38,200 --> 00:08:41,120 Speaker 1: media reports are correct, we are going to find out 162 00:08:41,160 --> 00:08:44,559 Speaker 1: about one of the biggest upgrades to the iOS operating 163 00:08:44,600 --> 00:08:49,200 Speaker 1: system in years, as well as renaming future upgrades. This 164 00:08:49,280 --> 00:08:50,079 Speaker 1: is big stuff. 165 00:08:50,240 --> 00:08:54,320 Speaker 2: It's very big. Apple's holding its annual Worldwide Developers Conference 166 00:08:54,440 --> 00:08:58,959 Speaker 2: at its Capatino, California headquarters this week. The renaming, I 167 00:08:59,000 --> 00:09:01,480 Speaker 2: think that's as interesting as anything. So they're expected to 168 00:09:01,480 --> 00:09:05,559 Speaker 2: announce renaming of upgrades to match the year they're released. 169 00:09:06,240 --> 00:09:09,360 Speaker 2: So iOS twenty twenty six, where are we up to, 170 00:09:09,400 --> 00:09:11,480 Speaker 2: like seventeen or eighteen or whatever we are? So the 171 00:09:11,480 --> 00:09:14,240 Speaker 2: next one's going to be iOS twenty twenty six, although 172 00:09:14,400 --> 00:09:16,640 Speaker 2: that is actually an upgrade in twenty twenty five. Just 173 00:09:16,679 --> 00:09:19,880 Speaker 2: to confuse things, but just park that little tid bit 174 00:09:19,920 --> 00:09:25,720 Speaker 2: of information. The iOS twenty six is the next upgrade. 175 00:09:25,760 --> 00:09:28,080 Speaker 2: It will come this year. You get the gist. The 176 00:09:28,120 --> 00:09:29,839 Speaker 2: idea is that they're actually going to name it for 177 00:09:29,880 --> 00:09:32,760 Speaker 2: the year that came out, which really does make sense. Yeah, 178 00:09:32,800 --> 00:09:34,760 Speaker 2: although what if you get two upgrades in a year. 179 00:09:35,200 --> 00:09:37,840 Speaker 1: That's well, there'll be twenty twenty six point one and 180 00:09:37,920 --> 00:09:39,880 Speaker 1: point two, which again is just now It's going to 181 00:09:39,880 --> 00:09:41,000 Speaker 1: get very confusing, isn't it. 182 00:09:41,040 --> 00:09:45,080 Speaker 2: Yeah. All upgrade upgrades are also tipped to allow storing 183 00:09:45,160 --> 00:09:49,560 Speaker 2: and sinking of login information for public Wi Fi access points. So, 184 00:09:49,679 --> 00:09:52,520 Speaker 2: for example, when I'm visiting my mother in Orange and 185 00:09:52,520 --> 00:09:55,640 Speaker 2: I go to the Orange Library to do some work, 186 00:09:56,400 --> 00:09:59,480 Speaker 2: I'm always logging in. What they're saying is you know, 187 00:09:59,520 --> 00:10:01,040 Speaker 2: just like when you're at home. I'll go back to 188 00:10:01,080 --> 00:10:04,840 Speaker 2: Orange Library, They'll remember me and off we go. Pretty cool. 189 00:10:04,960 --> 00:10:09,960 Speaker 2: Cool Fanes Battery will also use AI to maximize its longevity. 190 00:10:09,960 --> 00:10:11,920 Speaker 2: They believe that'll be in the next upgrade as well. 191 00:10:12,720 --> 00:10:16,320 Speaker 1: Very exciting stuff. There's also been plenty going on in 192 00:10:16,320 --> 00:10:20,240 Speaker 1: the world of media, arts and entertainment Sean, including this 193 00:10:20,280 --> 00:10:23,079 Speaker 1: one that's got a few headlines. Channel ten dumping its 194 00:10:23,120 --> 00:10:26,000 Speaker 1: current affairs flagship program The Project. 195 00:10:25,720 --> 00:10:29,080 Speaker 2: After sixteen years on air. It is getting the Royal boot. 196 00:10:29,440 --> 00:10:33,080 Speaker 2: The show rose to prominence under hosts Carry Bigmore and 197 00:10:33,200 --> 00:10:36,640 Speaker 2: Charlie Pickering before a number of hosting changes in recent years. 198 00:10:37,280 --> 00:10:40,280 Speaker 2: It'll are its last episode on June twenty seven. Current 199 00:10:40,280 --> 00:10:44,000 Speaker 2: host Walid Ali, Sarah Harris and Hamish McDonald will leave 200 00:10:44,080 --> 00:10:48,080 Speaker 2: the network apparently. Meanwhile, an Australian reporter for nine network 201 00:10:48,120 --> 00:10:50,800 Speaker 2: has been hit by a rubber bullet while covering the 202 00:10:50,840 --> 00:10:56,200 Speaker 2: Los Angeles riots. Yesterday. Nine's Lauren Tamassi was reporting from 203 00:10:56,240 --> 00:10:58,720 Speaker 2: the city where larrow enforcement and National Guard troops have 204 00:10:58,800 --> 00:11:02,000 Speaker 2: been facing off with our protesting against Donald Trump's mass 205 00:11:02,040 --> 00:11:06,800 Speaker 2: deportations of allegedly unlawful immigrants to massive microphone in hand. 206 00:11:07,040 --> 00:11:09,360 Speaker 2: Had just finished giving an update to camera when an 207 00:11:09,360 --> 00:11:13,160 Speaker 2: officer standing behind her raised his firearm fired a shot. 208 00:11:13,480 --> 00:11:17,480 Speaker 2: It hit her. She's okay, though, apparently thankfully. And finally, 209 00:11:17,480 --> 00:11:20,640 Speaker 2: Sarah Snook, one of my favorite actresses, probably most famous 210 00:11:20,679 --> 00:11:23,520 Speaker 2: for her role in the TV show Succession, has won 211 00:11:23,520 --> 00:11:26,679 Speaker 2: a Tony, which is Broadway's biggest award, for playing all 212 00:11:26,760 --> 00:11:30,360 Speaker 2: twenty six characters in Sydney Theater Companies the Picture of 213 00:11:30,480 --> 00:11:35,520 Speaker 2: Dorian Gray, which is playing on Broadway at the moment. 214 00:11:36,480 --> 00:11:39,920 Speaker 1: Twenty six characters. That's quite something. 215 00:11:40,280 --> 00:11:42,360 Speaker 2: I always remember that TV show. I'm trying to remember that. 216 00:11:42,360 --> 00:11:47,319 Speaker 2: Tannic Collett was in at the United The United States 217 00:11:47,320 --> 00:11:50,400 Speaker 2: of Tara, the Neuroited States of Tara. Yes, yes, she 218 00:11:50,640 --> 00:11:53,800 Speaker 2: that was truly one of the great acting performances because 219 00:11:53,840 --> 00:11:58,160 Speaker 2: she played schizophrenic who had a number of personalities, but 220 00:11:58,200 --> 00:12:01,000 Speaker 2: not twenty six, which is Sarah snooksplain. 221 00:12:01,480 --> 00:12:04,000 Speaker 1: That is quite remarkable and well done to her. Turning 222 00:12:04,040 --> 00:12:07,920 Speaker 1: to international news now, and you mentioned the protests in La. 223 00:12:07,960 --> 00:12:11,760 Speaker 1: A third day of these anti deportation protests have seen 224 00:12:11,800 --> 00:12:16,160 Speaker 1: clashes between law enforcement and demonstrators. You've got President Donald 225 00:12:16,200 --> 00:12:20,079 Speaker 1: Trump and California's Governor Gavin Newsom trading barbs over who's 226 00:12:20,120 --> 00:12:23,840 Speaker 1: responsible for the chaos and who is responsible for restoring order. 227 00:12:24,040 --> 00:12:27,240 Speaker 2: The arrival of National Guard troops deployed by Trump over 228 00:12:27,240 --> 00:12:32,080 Speaker 2: the weekend basically inflamed residents protesting the sweeping deportation policies 229 00:12:32,080 --> 00:12:36,760 Speaker 2: of the administration. According to Bloomberg, Newsom fully formally requested 230 00:12:36,880 --> 00:12:40,680 Speaker 2: the White House to rescind the unlawful deployment unlawful being 231 00:12:40,720 --> 00:12:44,160 Speaker 2: his word, unlawful deployment, and turned the troops to his command, 232 00:12:44,200 --> 00:12:48,080 Speaker 2: warning would only ramp up tempsions tensions. Newsome urged people 233 00:12:48,080 --> 00:12:50,440 Speaker 2: in the streets to stay peaceful. Now. Many of the 234 00:12:50,440 --> 00:12:54,400 Speaker 2: demonstrators ignored that crowds blocked a major roadway through downtown. 235 00:12:54,720 --> 00:12:58,400 Speaker 2: People set fire to several self driving ride hailing vehicles 236 00:12:58,720 --> 00:13:01,640 Speaker 2: on truth Social Trump described the unrest as an attack 237 00:13:01,760 --> 00:13:05,640 Speaker 2: on immigration enforcement efforts. I quote him a once great 238 00:13:05,679 --> 00:13:09,040 Speaker 2: American city, Los Angeles, has been invaded and occupied by 239 00:13:09,160 --> 00:13:11,840 Speaker 2: illegal aliens and criminals. End quote. 240 00:13:12,320 --> 00:13:14,360 Speaker 1: The other big story that everyone's talking about at the 241 00:13:14,360 --> 00:13:18,960 Speaker 1: moment sewn. Swedish climate campaigner Greta Tunberg and fellow activists 242 00:13:19,240 --> 00:13:21,680 Speaker 1: have been detained as they tried to deliver aid to 243 00:13:21,760 --> 00:13:24,560 Speaker 1: Gaza and will be made to watch a video of 244 00:13:24,640 --> 00:13:27,079 Speaker 1: hermas atrocities before they're deported. 245 00:13:27,360 --> 00:13:31,640 Speaker 2: Israeli Defense Minister Israel Katz said he had told the military, 246 00:13:31,679 --> 00:13:36,240 Speaker 2: which is towing the activist ship Madeleine to Israel, to 247 00:13:36,280 --> 00:13:38,560 Speaker 2: screen a forty five minute video of the October seven, 248 00:13:38,640 --> 00:13:41,040 Speaker 2: twenty twenty three massacre once they arrived at the port 249 00:13:41,160 --> 00:13:45,320 Speaker 2: of Ashdod. According to AFP, the forty five minute video 250 00:13:45,360 --> 00:13:49,840 Speaker 2: shows Israelis being massacred and bodies mutilated during the onslaught, 251 00:13:49,960 --> 00:13:52,959 Speaker 2: much of it filmed by the militants body camps. MSS 252 00:13:53,120 --> 00:13:57,160 Speaker 2: Tumberg's vessel was bordered by Israeli commandos and its communications 253 00:13:57,160 --> 00:14:00,000 Speaker 2: were cut before it was taken under tow. The Israeli 254 00:14:00,120 --> 00:14:03,640 Speaker 2: Foreign Ministry confirmers Tumberg was safe, posting a picture of 255 00:14:03,679 --> 00:14:05,360 Speaker 2: her receiving a sandwich from a soldier. 256 00:14:05,880 --> 00:14:09,280 Speaker 1: Okay. Now, up next Sean is the Fear Angry Daily Interview. 257 00:14:09,400 --> 00:14:12,480 Speaker 1: Your guest today in the studio is Clive Dickens, who 258 00:14:12,760 --> 00:14:15,520 Speaker 1: is the founder of the meliora company. 259 00:14:15,280 --> 00:14:19,480 Speaker 2: Fairy Nice fellow. Clive, he has created this international consultancy 260 00:14:19,920 --> 00:14:23,520 Speaker 2: to work with businesses looking to harness the power of AI. 261 00:14:24,160 --> 00:14:29,640 Speaker 2: Now it's interesting because he explains how AI will work, 262 00:14:29,960 --> 00:14:32,680 Speaker 2: and he kind of gives the three phases how AI 263 00:14:32,800 --> 00:14:36,520 Speaker 2: can affect businesses, and it's just a really interesting insight 264 00:14:37,400 --> 00:14:38,240 Speaker 2: into that world. 265 00:14:38,520 --> 00:14:41,480 Speaker 1: Yeah, there's a lot of negativity out there around kind 266 00:14:41,480 --> 00:14:43,880 Speaker 1: of the potential impact that it's going to have on 267 00:14:43,920 --> 00:14:46,680 Speaker 1: the workforce and all this kind of thing. And basically 268 00:14:46,760 --> 00:14:50,400 Speaker 1: Clive is talking then about how businesses can really use 269 00:14:50,520 --> 00:14:53,560 Speaker 1: this AI not just to improve kind of day to 270 00:14:53,640 --> 00:14:57,640 Speaker 1: day efficiency, but really to transform businesses. It's an interesting 271 00:14:57,840 --> 00:15:00,960 Speaker 1: conversation and Clive certainly knows we was talking about having 272 00:15:01,640 --> 00:15:04,480 Speaker 1: worked in Optus and a bunch of media organizations and 273 00:15:04,520 --> 00:15:06,760 Speaker 1: things as well. So good chat. Up next to the 274 00:15:06,800 --> 00:15:09,080 Speaker 1: Fear and Grad playlist on your podcast platform or at 275 00:15:09,080 --> 00:15:12,040 Speaker 1: Fearangreed dot com dot au. And if you missed it yesterday, 276 00:15:12,080 --> 00:15:14,880 Speaker 1: Fear and Greed the week Ahead, featuring our resident economist 277 00:15:15,000 --> 00:15:18,000 Speaker 1: Stephen Kucoulis. It might be Tuesday, but it is still 278 00:15:18,120 --> 00:15:19,200 Speaker 1: definitely worth a listen. 279 00:15:19,360 --> 00:15:21,120 Speaker 2: Thank you very much, Sean, Thank you, Michael. 280 00:15:21,400 --> 00:15:24,080 Speaker 1: It is Tuesday, the tenth of June twenty twenty five. 281 00:15:24,120 --> 00:15:26,280 Speaker 1: Make sure you're following the podcast and please join us 282 00:15:26,320 --> 00:15:29,840 Speaker 1: online on LinkedIn, Instagram, ex TikTok and Facebook. I'm Michael 283 00:15:29,840 --> 00:15:34,640 Speaker 1: Thompson and that was Fear and Greed. Have a great day.