1
00:00:06,400 --> 00:00:08,840
Speaker 1: This is the weekend edition of Fear and Greed business

2
00:00:08,880 --> 00:00:09,719
Speaker 1: news you can use.

3
00:00:10,080 --> 00:00:12,680
Speaker 2: I'm Adam Lane, and good morning, Sean Aylmer.

4
00:00:12,840 --> 00:00:15,480
Speaker 3: Good morning a Dan Ski. Very unusual position for me

5
00:00:15,520 --> 00:00:19,240
Speaker 3: to be a very You're normally the judge that I'm abusing,

6
00:00:19,280 --> 00:00:22,279
Speaker 3: but alas that's not the case today.

7
00:00:22,520 --> 00:00:24,680
Speaker 2: No, the abuse will remain, of course.

8
00:00:24,840 --> 00:00:27,080
Speaker 1: So this is our weekend show and it's all about

9
00:00:27,080 --> 00:00:29,440
Speaker 1: two people, in this case us nominating what we think

10
00:00:29,520 --> 00:00:32,400
Speaker 1: is the biggest story of the week, the most remarkable story,

11
00:00:32,440 --> 00:00:36,000
Speaker 1: a mystery category story, and our favorite story of the week.

12
00:00:36,360 --> 00:00:38,880
Speaker 1: And it is a competition, Sean. There is a winner

13
00:00:38,920 --> 00:00:41,360
Speaker 1: and there is a loser. So every week we're joined

14
00:00:41,360 --> 00:00:43,360
Speaker 1: by a judge to pick a winner. And with Michael

15
00:00:43,400 --> 00:00:46,239
Speaker 1: on leave this week, I'm stepping into the arena to

16
00:00:46,280 --> 00:00:50,840
Speaker 1: compete again. So we needed a guest judge, and after

17
00:00:51,000 --> 00:00:54,040
Speaker 1: ruling with an iron fists last week, I'm pleased to

18
00:00:54,040 --> 00:00:58,960
Speaker 1: say we have returning judge Diana Messina AMP Deputy Chief Economist, Deanna.

19
00:00:59,040 --> 00:01:00,000
Speaker 2: Welcome back to Fear and God.

20
00:01:00,280 --> 00:01:01,920
Speaker 4: I can't believe you asked me back.

21
00:01:02,600 --> 00:01:06,119
Speaker 3: I feel at a disadvantage here because the best part

22
00:01:06,160 --> 00:01:09,119
Speaker 3: of the weekend edition for me is abusing the judge.

23
00:01:09,319 --> 00:01:12,039
Speaker 3: Now that's normally Adam, so I feel very comfortable of

24
00:01:12,120 --> 00:01:16,280
Speaker 3: using Adam. However, Diana, you're such a nice person, and

25
00:01:16,400 --> 00:01:18,679
Speaker 3: you know I've known you for a long time, and

26
00:01:18,760 --> 00:01:21,080
Speaker 3: I just don't think I can abuse you. But I'm

27
00:01:21,080 --> 00:01:23,920
Speaker 3: going to Okay, That's all I wanted. I just wanted

28
00:01:23,920 --> 00:01:25,759
Speaker 3: to green night gloves.

29
00:01:25,400 --> 00:01:27,559
Speaker 1: Are off, all right. The biggest story of the week, Shaun,

30
00:01:27,600 --> 00:01:28,360
Speaker 1: Shall I go first?

31
00:01:28,400 --> 00:01:29,040
Speaker 3: You go first?

32
00:01:29,240 --> 00:01:30,640
Speaker 2: All right for me, Diana.

33
00:01:31,200 --> 00:01:34,720
Speaker 1: RBA no interest rate cut is the biggest business story

34
00:01:34,720 --> 00:01:37,240
Speaker 1: this week, as a Reserve Bank of Australia's decision to

35
00:01:37,280 --> 00:01:40,080
Speaker 1: hold the cash rate at three point eighty five percent

36
00:01:40,240 --> 00:01:44,480
Speaker 1: came in. This move surprise markets and caused query of

37
00:01:44,520 --> 00:01:49,000
Speaker 1: the RBA's communication style, with Governor Michelle Bullock facing scrutiny

38
00:01:49,280 --> 00:01:51,320
Speaker 1: at a media conference over the lack of guidance in

39
00:01:51,360 --> 00:01:54,960
Speaker 1: the lead up. The RBA governor conceded the obvious. Under

40
00:01:55,000 --> 00:01:58,080
Speaker 1: this new regime, she can't preempt the board's decisions or

41
00:01:58,120 --> 00:02:02,840
Speaker 1: guide expectations between meetings, and as Bloomberg reported, this silence

42
00:02:02,840 --> 00:02:08,120
Speaker 1: has rendered mid meeting Central Bank communication effectively moot, and

43
00:02:08,160 --> 00:02:11,880
Speaker 1: has noted on the very esteemed amp Insights Hub and

44
00:02:11,919 --> 00:02:14,800
Speaker 1: this may have been. In fact, Diana Messina herself.

45
00:02:14,520 --> 00:02:18,600
Speaker 3: Sucking up this morning is outrageous. Can we panalize in

46
00:02:18,720 --> 00:02:19,480
Speaker 3: for sucking up?

47
00:02:19,720 --> 00:02:21,280
Speaker 4: No, I actually gave more points for.

48
00:02:21,320 --> 00:02:22,400
Speaker 3: That last ouch.

49
00:02:22,560 --> 00:02:23,400
Speaker 2: Go on lovely.

50
00:02:23,840 --> 00:02:27,799
Speaker 1: Despite the easing inflation, high interest rates, and economic uncertainty,

51
00:02:28,000 --> 00:02:30,359
Speaker 1: they are remaining key risk factors.

52
00:02:29,919 --> 00:02:33,119
Speaker 2: For investors now. The next key test.

53
00:02:32,919 --> 00:02:35,680
Speaker 1: Comes with the June quarter inflation data on thirty July,

54
00:02:35,880 --> 00:02:38,720
Speaker 1: but for now, the RBA is clearly holding its nerve.

55
00:02:38,960 --> 00:02:41,720
Speaker 1: It was big news this week with a twist and

56
00:02:41,800 --> 00:02:44,080
Speaker 1: a dash of salt, and that's why this is the

57
00:02:44,080 --> 00:02:45,680
Speaker 1: biggest business story of the week.

58
00:02:46,520 --> 00:02:49,200
Speaker 3: Can I say nothing happened biggest story of the week.

59
00:02:49,800 --> 00:02:52,760
Speaker 3: Do you know when I was a journalist and I

60
00:02:52,800 --> 00:02:55,280
Speaker 3: had a great editor, a guy called Glen Birch who

61
00:02:55,280 --> 00:02:58,239
Speaker 3: truly was a great news person. Yes, and he sort

62
00:02:58,240 --> 00:03:00,960
Speaker 3: of I'd come with him a great story, but nothing happened.

63
00:03:01,440 --> 00:03:03,680
Speaker 3: And it's true, Adam, big news story of the week.

64
00:03:03,760 --> 00:03:08,080
Speaker 3: Nothing happened so important, what a spectator. So that's why

65
00:03:08,080 --> 00:03:10,399
Speaker 3: it's the second biggest story of the week. Diana, don't

66
00:03:10,440 --> 00:03:13,320
Speaker 3: look at me like that. I'm very put off by

67
00:03:13,320 --> 00:03:20,079
Speaker 3: you already bring back, Michael. What really matters this week, right,

68
00:03:20,680 --> 00:03:24,080
Speaker 3: that really honestly matters as opposed to nothing happened, is

69
00:03:24,120 --> 00:03:28,440
Speaker 3: a Liberation Day tariff started being implemented. It began, well,

70
00:03:28,560 --> 00:03:30,920
Speaker 3: these weren't even Liberation Day tariffs. We've got fifty percent

71
00:03:30,960 --> 00:03:34,200
Speaker 3: on copper that kind of slightly came out of the blue.

72
00:03:34,280 --> 00:03:37,000
Speaker 3: Hit the local miners. Though, BHP and Ria may win

73
00:03:37,040 --> 00:03:39,120
Speaker 3: out of this because they've got a JV in the

74
00:03:39,240 --> 00:03:45,240
Speaker 3: US called Resolution Copper Resolution Copper Massive massive mind, well sorry,

75
00:03:45,320 --> 00:03:48,000
Speaker 3: potentially a massive mind twenty five percent of US's copper

76
00:03:48,000 --> 00:03:52,720
Speaker 3: needs potentially unfortunately can't get through some of the protocols,

77
00:03:53,120 --> 00:03:57,000
Speaker 3: at least unfortunately for real BHP shareholders, So we'll see

78
00:03:57,000 --> 00:04:00,000
Speaker 3: how that goes. They may actually win out of this tariff.

79
00:04:00,200 --> 00:04:01,960
Speaker 3: Then we had the streadths of turn of percent tariffs

80
00:04:01,960 --> 00:04:05,400
Speaker 3: and pharmaceuticals that hit THESEL. A bit tricky for the

81
00:04:05,440 --> 00:04:09,840
Speaker 3: government this one, because the Pharmaceutical Benefit Scheme subsidizes medicines.

82
00:04:10,160 --> 00:04:11,800
Speaker 3: Might be a great idea. I mean, I'm all for

83
00:04:11,840 --> 00:04:15,440
Speaker 3: the PBS, but it definitely is protectionism. I'm waiting to

84
00:04:15,480 --> 00:04:17,520
Speaker 3: see if Deanna agrees with me on that. I'm she's

85
00:04:17,520 --> 00:04:21,760
Speaker 3: sort of smiling. Sure, she's either saying you're a dickhead

86
00:04:22,080 --> 00:04:24,720
Speaker 3: or she is saying, yes, yes, I agree. Can't tell.

87
00:04:24,800 --> 00:04:28,680
Speaker 3: I'm trying to tell my points, keep outing, keep adding.

88
00:04:29,520 --> 00:04:31,839
Speaker 3: I mean that the whole pharmaceutical benefit scheme is a

89
00:04:31,880 --> 00:04:35,240
Speaker 3: reason Donald Trump can pick on Australia. So that's really relevant.

90
00:04:36,000 --> 00:04:38,520
Speaker 3: Trump also hit Brazil with fifty percent tariffs. Now, previously

91
00:04:38,520 --> 00:04:42,120
Speaker 3: Brazil had a ten percent tariff, and then Trump decided

92
00:04:42,160 --> 00:04:44,120
Speaker 3: that we not much to do with the economics. More

93
00:04:44,160 --> 00:04:48,479
Speaker 3: about the treatment of former leader and Trump ally Ja Bolsonaro.

94
00:04:48,680 --> 00:04:51,400
Speaker 3: Also how the Latin American country is treating big tech,

95
00:04:51,800 --> 00:04:54,640
Speaker 3: big tech issue for Australia, how we treat big tech.

96
00:04:54,760 --> 00:04:57,920
Speaker 3: So Brazil went from ten percent to fifty percent. Then

97
00:04:58,040 --> 00:05:00,160
Speaker 3: late in the week, Trump talked about having I think

98
00:05:00,200 --> 00:05:03,320
Speaker 3: at tariff's of fifteen to twenty percent. He's already whacked

99
00:05:03,320 --> 00:05:05,640
Speaker 3: a bunch of countries like Japan, South Korea, myen maar.

100
00:05:06,120 --> 00:05:10,120
Speaker 3: Canada got it late in the week. Just this is

101
00:05:10,120 --> 00:05:12,240
Speaker 3: the bigges story of the week because something actually happened.

102
00:05:12,279 --> 00:05:15,080
Speaker 3: He put tariffs on. Oh god, I don't look like

103
00:05:15,120 --> 00:05:15,760
Speaker 3: the way you're looking at it.

104
00:05:15,760 --> 00:05:16,920
Speaker 4: Your markets are a record high.

105
00:05:18,160 --> 00:05:19,960
Speaker 3: That's not what Adam said. Adam said, nothing to do

106
00:05:20,000 --> 00:05:23,039
Speaker 3: with share markets. In fact, you just hold that point

107
00:05:23,080 --> 00:05:27,240
Speaker 3: because we've talked about that later from the show. What

108
00:05:27,360 --> 00:05:29,800
Speaker 3: you have to judge. What you have to judge, Diana,

109
00:05:30,200 --> 00:05:34,440
Speaker 3: is my excellent tariff story actually happening stuff like that verse.

110
00:05:34,720 --> 00:05:37,680
Speaker 3: Nothing happened laying over there over to year.

111
00:05:38,279 --> 00:05:41,080
Speaker 4: So my criteria from last week hasn't changed.

112
00:05:41,160 --> 00:05:43,800
Speaker 3: The fire I didn't have the criteria, wasn't he last week?

113
00:05:43,960 --> 00:05:46,320
Speaker 4: You should have listened, You should have gotten to know your.

114
00:05:46,200 --> 00:05:48,000
Speaker 3: Guest judge, breaking your box, Shawn go on.

115
00:05:48,480 --> 00:05:50,600
Speaker 4: So there are five key things I was looking for.

116
00:05:50,760 --> 00:05:54,400
Speaker 4: One relevance to timeliness, three is it unexpected or rare?

117
00:05:54,839 --> 00:05:58,000
Speaker 4: For the economic and financial market impact, and the entertainment

118
00:05:58,080 --> 00:06:04,440
Speaker 4: factor For the RBA story, Adam, I thought that that

119
00:06:04,560 --> 00:06:06,360
Speaker 4: was really unexpected, so I gave you five out of

120
00:06:06,400 --> 00:06:08,880
Speaker 4: five for that particular bit. I actually also gave you

121
00:06:08,920 --> 00:06:11,920
Speaker 4: additional marks for the sucking up, which I really liked.

122
00:06:12,920 --> 00:06:16,479
Speaker 4: But the economic and financial market impact I gave you

123
00:06:16,760 --> 00:06:21,080
Speaker 4: one out of five because financial market Ozzie dollar didn't

124
00:06:21,120 --> 00:06:23,080
Speaker 4: move really well a little bit the end of the week.

125
00:06:23,360 --> 00:06:24,560
Speaker 4: So eighteen out of twenty five.

126
00:06:25,600 --> 00:06:27,200
Speaker 2: I think that's my highest score ever.

127
00:06:28,520 --> 00:06:28,920
Speaker 3: Last week.

128
00:06:28,960 --> 00:06:34,120
Speaker 4: Actually, yeah, sure, the liberation dead tariffs were they unexpected?

129
00:06:34,440 --> 00:06:36,720
Speaker 4: I think we thought that we would get something this week,

130
00:06:36,720 --> 00:06:39,479
Speaker 4: given that the ninth of July deadline was coming up.

131
00:06:39,480 --> 00:06:40,640
Speaker 3: Oh you might, ever, I didn't.

132
00:06:41,839 --> 00:06:44,440
Speaker 4: The letters started going out the end of last week.

133
00:06:45,520 --> 00:06:47,919
Speaker 4: There was a bit of entertainment factor in there. No

134
00:06:48,040 --> 00:06:49,719
Speaker 4: sucking up fourteen out of twenty five.

135
00:06:49,880 --> 00:06:53,640
Speaker 3: Ouch. Bang, I'm not liking this UD.

136
00:06:54,040 --> 00:06:55,200
Speaker 2: So remember the sucking up?

137
00:06:55,320 --> 00:06:59,240
Speaker 3: Sure, I remember the sucking up. Right, Let's move on

138
00:06:59,240 --> 00:07:02,159
Speaker 3: to the most remarkable story. I think then, I actually,

139
00:07:02,920 --> 00:07:05,040
Speaker 3: because I've got some serious sucking up to do. Because

140
00:07:05,400 --> 00:07:07,880
Speaker 3: did you mention financial markets being at record high as

141
00:07:07,880 --> 00:07:08,640
Speaker 3: a moment ago down?

142
00:07:08,800 --> 00:07:09,120
Speaker 4: I did?

143
00:07:09,240 --> 00:07:13,520
Speaker 3: Ah, let's talk about that. What is remarkable asset prices

144
00:07:13,800 --> 00:07:16,280
Speaker 3: and I'm going to nodding of the head here out

145
00:07:16,280 --> 00:07:19,720
Speaker 3: and see that I'm liking it. I'm going to tell

146
00:07:19,760 --> 00:07:24,600
Speaker 3: the story with three specific assets. One en video the

147
00:07:24,720 --> 00:07:31,000
Speaker 3: chip maker. It closed yesterday over four trillion US dollars

148
00:07:31,040 --> 00:07:34,200
Speaker 3: in value. That's about six point one six point two trillion, Ossie.

149
00:07:34,560 --> 00:07:38,880
Speaker 3: Never has a company closed that high? Why? Well, we

150
00:07:38,920 --> 00:07:42,000
Speaker 3: all love the whole chip story, and some of its

151
00:07:42,000 --> 00:07:44,320
Speaker 3: clients are spending I think three hundred and fifty billion

152
00:07:44,360 --> 00:07:49,280
Speaker 3: over the next little bit, boosting their AI capacity. Also,

153
00:07:49,640 --> 00:07:52,040
Speaker 3: the big tech guys are sort of back online, so

154
00:07:52,080 --> 00:07:54,000
Speaker 3: they had a bit of a rough trot. Then the

155
00:07:54,080 --> 00:07:57,200
Speaker 3: tariffs were implemented. The tariff stuff the biggest story of

156
00:07:57,200 --> 00:07:59,880
Speaker 3: the week stuff. Yep, the tarifts are implemented and big

157
00:08:00,040 --> 00:08:02,080
Speaker 3: tech isn't really hit with tariffs, so that's why kind

158
00:08:02,080 --> 00:08:05,760
Speaker 3: of investors are liking them. Again. So Nvidia's share price phenomenal.

159
00:08:05,960 --> 00:08:09,400
Speaker 3: The next one Bitcoin that's a risk asset, right yet

160
00:08:09,600 --> 00:08:12,000
Speaker 3: it pushed beyond one hundred and sixteen thousand US dollars

161
00:08:12,040 --> 00:08:14,440
Speaker 3: a unit. How does that work in a risk asset?

162
00:08:14,960 --> 00:08:18,040
Speaker 3: I don't know. Of course, that came alongside Wall Street

163
00:08:18,480 --> 00:08:21,280
Speaker 3: hitting record highs. The local one I want to throw

164
00:08:21,360 --> 00:08:24,360
Speaker 3: in this into this story is Promedicus, which might be

165
00:08:24,400 --> 00:08:26,840
Speaker 3: more of a stock specific story, up one hundred and

166
00:08:26,840 --> 00:08:29,320
Speaker 3: forty percent in the past year. The way I think

167
00:08:29,320 --> 00:08:32,199
Speaker 3: of Promedicus because it basically brings X rays into the

168
00:08:32,200 --> 00:08:35,120
Speaker 3: twenty first century, not so much the taking of X rays,

169
00:08:35,120 --> 00:08:39,360
Speaker 3: but the transmission and the ability to diagnose issues using

170
00:08:39,480 --> 00:08:42,880
Speaker 3: their software, their visage software. It's now top twenty stock,

171
00:08:43,160 --> 00:08:46,319
Speaker 3: bigger than Santos Cole's area twice the size of Quantus

172
00:08:46,440 --> 00:08:53,120
Speaker 3: Phenomenal asset prices right now, as per Nvidia, Bitcoin Promedicus,

173
00:08:54,160 --> 00:08:57,520
Speaker 3: are crazy high. That would be my call, because we

174
00:08:57,600 --> 00:09:01,240
Speaker 3: have so much uncertain Do you remember, you know the

175
00:09:01,240 --> 00:09:04,160
Speaker 3: the best times worst of times was We don't know

176
00:09:04,200 --> 00:09:05,840
Speaker 3: whether it's best of the times. It might be the

177
00:09:05,840 --> 00:09:08,800
Speaker 3: worst of times. We're not sure. Still, we have these

178
00:09:08,840 --> 00:09:14,920
Speaker 3: asset prices so incredibly high, absolutely remarkable a Dansky over.

179
00:09:15,520 --> 00:09:17,480
Speaker 3: I liked the way down. I was nodding her head,

180
00:09:17,640 --> 00:09:20,840
Speaker 3: smiling as I up against it. I'm clear, reckon, you

181
00:09:20,920 --> 00:09:22,240
Speaker 3: might have to come up with a good one.

182
00:09:22,280 --> 00:09:25,920
Speaker 1: Against it, all right, So different twist on the most

183
00:09:25,960 --> 00:09:27,360
Speaker 1: remarkable story of the week, Dana.

184
00:09:27,480 --> 00:09:29,360
Speaker 2: My pick this week is.

185
00:09:29,240 --> 00:09:32,920
Speaker 1: The surprise twist in the Chris Ellison saga at Mineral Resources.

186
00:09:33,080 --> 00:09:37,760
Speaker 3: Aren't you even trying? Come on, come on for a gun.

187
00:09:41,040 --> 00:09:44,600
Speaker 1: So last November, Mineral Resources said Ellison would step down

188
00:09:44,640 --> 00:09:47,920
Speaker 1: as managing director within twelve to eighteen months after admitting

189
00:09:48,080 --> 00:09:51,839
Speaker 1: to related party tax scheme look at the colorfulness of

190
00:09:51,880 --> 00:09:56,400
Speaker 1: this story and using company resources, including staff, for his

191
00:09:56,559 --> 00:10:00,959
Speaker 1: private yacht. The board imposed millions in penalties and created

192
00:10:01,000 --> 00:10:04,520
Speaker 1: a new governance Committee. But this week that plan hit paused.

193
00:10:04,520 --> 00:10:08,560
Speaker 1: Deiana chairman Malcolm Bundy told investors the board is now

194
00:10:08,720 --> 00:10:13,760
Speaker 1: reviewing leadership plans in quotes, in the best interest of shareholders.

195
00:10:14,600 --> 00:10:18,640
Speaker 1: It's a sharp backflip. It's a slip sharp.

196
00:10:18,360 --> 00:10:21,640
Speaker 3: I think, he said, I think you back flick. Backflip

197
00:10:21,760 --> 00:10:24,040
Speaker 3: is actually quite an effort shark backflick.

198
00:10:24,120 --> 00:10:28,480
Speaker 1: I like that sharp backflip, despite assex ongoing investigations. So

199
00:10:28,920 --> 00:10:31,960
Speaker 1: what makes this so remarkable is Ellison's staying power. He

200
00:10:32,080 --> 00:10:35,920
Speaker 1: remains the largest Shell shareholder with eleven and a half percent,

201
00:10:35,960 --> 00:10:39,400
Speaker 1: and he's backed by major investors like l One Capital.

202
00:10:39,679 --> 00:10:42,600
Speaker 3: Do you reckon the fact that he's eleven percent shareholders? Actually,

203
00:10:42,600 --> 00:10:43,920
Speaker 3: why they're doing the backflip?

204
00:10:44,120 --> 00:10:47,040
Speaker 2: I look only in part I think they.

205
00:10:46,960 --> 00:10:50,480
Speaker 3: Believe, Adam you are such a such a positive person.

206
00:10:51,679 --> 00:10:54,600
Speaker 1: Only in part because I think the others, including one,

207
00:10:54,679 --> 00:10:57,800
Speaker 1: must believe that he's the best leader for the company

208
00:10:57,920 --> 00:11:01,240
Speaker 1: despite what's happened before. True, it's rare to see a

209
00:11:01,280 --> 00:11:05,560
Speaker 1: company reverse course on governance this publicly, and with MinRes

210
00:11:05,640 --> 00:11:08,800
Speaker 1: carrying a five point eight billion dollar debt, a soft

211
00:11:08,920 --> 00:11:12,520
Speaker 1: lithium market, and safety issues in the pilbra. This spilight

212
00:11:12,720 --> 00:11:16,520
Speaker 1: is only getting brighter. It is fascinating corporate wriggling in

213
00:11:16,640 --> 00:11:19,600
Speaker 1: real time. And that's why this is my most remarkable

214
00:11:19,640 --> 00:11:21,880
Speaker 1: story of the week before.

215
00:11:21,640 --> 00:11:24,040
Speaker 3: The Anna Taksh I want you to know she smiled

216
00:11:24,040 --> 00:11:25,800
Speaker 3: more during mine than yours.

217
00:11:26,760 --> 00:11:29,040
Speaker 4: So was there an impact to the share prize?

218
00:11:29,520 --> 00:11:30,040
Speaker 2: None?

219
00:11:31,520 --> 00:11:34,400
Speaker 3: It has been gone down, to be honest, It's almost

220
00:11:34,520 --> 00:11:36,920
Speaker 3: the worst performing stock over the last twelve months. God

221
00:11:36,920 --> 00:11:43,360
Speaker 3: that I'm adding to Adam's story, damn it. And this

222
00:11:43,480 --> 00:11:46,480
Speaker 3: did it did pick up after so I'm just filling out.

223
00:11:47,040 --> 00:11:49,440
Speaker 3: It did pick up a bit after the fact because

224
00:11:49,840 --> 00:11:52,240
Speaker 3: the fund is love Chris Ellison. But there's just governance issues.

225
00:11:53,120 --> 00:11:55,360
Speaker 3: Not that I'm telling you that because I want you

226
00:11:55,440 --> 00:11:56,240
Speaker 3: to go for my story.

227
00:11:56,400 --> 00:11:57,760
Speaker 2: It's for the audience's benefit.

228
00:11:59,640 --> 00:12:01,760
Speaker 4: I'm going to give it to Sean seventeen out of

229
00:12:01,760 --> 00:12:02,240
Speaker 4: twenty five.

230
00:12:02,280 --> 00:12:04,360
Speaker 3: It's hard for you to give that to me, wasn't it?

231
00:12:04,360 --> 00:12:07,720
Speaker 4: It wasn't It was not easy. I've only got thirteen

232
00:12:07,720 --> 00:12:13,079
Speaker 4: out of twenty five. I've got whated yeah, thirteen. So

233
00:12:13,120 --> 00:12:16,280
Speaker 4: it's probably just a bit of my own personal bias.

234
00:12:17,280 --> 00:12:19,640
Speaker 4: I don't really like the corporate stories unless they have

235
00:12:19,679 --> 00:12:22,320
Speaker 4: a really big market impact. I mean there's just there's

236
00:12:22,360 --> 00:12:25,040
Speaker 4: always just so many to keep on top of. And

237
00:12:25,840 --> 00:12:28,040
Speaker 4: I guess my time is more spent looking at look

238
00:12:28,040 --> 00:12:30,680
Speaker 4: at the school, look at the economics and the financial

239
00:12:30,679 --> 00:12:33,600
Speaker 4: market impact. So it's probably a bit of personal bias

240
00:12:33,720 --> 00:12:34,600
Speaker 4: involved in that one.

241
00:12:34,640 --> 00:12:37,240
Speaker 2: We were one on personal bias in the first one.

242
00:12:37,480 --> 00:12:41,200
Speaker 4: And I do think that it is remarkable that equities

243
00:12:41,800 --> 00:12:43,679
Speaker 4: don't care about tariffs this week.

244
00:12:43,840 --> 00:12:44,960
Speaker 3: It's amazing, all right.

245
00:12:45,040 --> 00:12:47,719
Speaker 2: It's half way sean one each one.

246
00:12:48,640 --> 00:12:51,440
Speaker 3: And because we're because we have a judge that actually

247
00:12:51,480 --> 00:12:56,000
Speaker 3: is half decent. This week, we're actually getting a running score. Now.

248
00:12:56,040 --> 00:12:57,760
Speaker 3: I don't know whether you took much notice, but it's

249
00:12:57,800 --> 00:13:01,320
Speaker 3: actually all tied up on the score numbers. Well, I

250
00:13:01,320 --> 00:13:03,600
Speaker 3: think it's thirty one thirty one or something like that.

251
00:13:03,679 --> 00:13:05,280
Speaker 3: I just the top of my head, that's what I

252
00:13:05,320 --> 00:13:07,120
Speaker 3: think it was. But it's about that. I think it's

253
00:13:07,120 --> 00:13:09,839
Speaker 3: thirty one thirty one. Not that I'm competitive or anything here,

254
00:13:09,920 --> 00:13:10,400
Speaker 3: that's right.

255
00:13:10,480 --> 00:13:12,640
Speaker 4: But do I have the discretion to add our subtract

256
00:13:12,640 --> 00:13:13,640
Speaker 4: points at the end as well?

257
00:13:14,840 --> 00:13:17,880
Speaker 2: Come to cover coffee anything so blatant.

258
00:13:18,040 --> 00:13:19,360
Speaker 1: We'll be back in a moment with the rest of

259
00:13:19,400 --> 00:13:29,120
Speaker 1: the weekend edition. Welcome back to the weekend edition and Sean,

260
00:13:29,600 --> 00:13:33,120
Speaker 1: it's time for our mystery category and this week, why

261
00:13:33,160 --> 00:13:34,000
Speaker 1: don't you tell.

262
00:13:33,840 --> 00:13:35,720
Speaker 2: Diana what category we've gone?

263
00:13:35,800 --> 00:13:40,240
Speaker 3: Well, it's basically our favorite ancient history business story of

264
00:13:40,240 --> 00:13:43,240
Speaker 3: the week. A little obscure, we agree.

265
00:13:43,800 --> 00:13:45,520
Speaker 4: I was hoping for the mushroom story.

266
00:13:45,880 --> 00:13:47,600
Speaker 3: Ah, how do you come up?

267
00:13:47,679 --> 00:13:47,839
Speaker 2: Now?

268
00:13:48,000 --> 00:13:50,720
Speaker 3: This is a great question when you're a business podcast.

269
00:13:51,200 --> 00:13:53,520
Speaker 3: How do you cover the story that is kind of

270
00:13:53,559 --> 00:13:56,880
Speaker 3: like the biggest story, that the only story anyone's talking about.

271
00:13:57,520 --> 00:14:00,600
Speaker 3: It's quite difficult. You know, we didn't really do much.

272
00:14:00,640 --> 00:14:02,840
Speaker 3: We should have done stuff on the price of mushrooms, maybe.

273
00:14:03,200 --> 00:14:06,720
Speaker 4: The apparently the demand for mushrooms has gone down.

274
00:14:07,000 --> 00:14:09,079
Speaker 2: Of course people are surprising.

275
00:14:09,840 --> 00:14:13,080
Speaker 3: Yeah, well kind of mushroom? Is that shit? Ducky?

276
00:14:14,160 --> 00:14:17,480
Speaker 2: Right? Oh, that's a bit ancient business story of the week? Sean,

277
00:14:17,559 --> 00:14:18,440
Speaker 2: shall I go first?

278
00:14:19,400 --> 00:14:28,080
Speaker 3: Nostright? I know yours? Are you a history.

279
00:14:27,800 --> 00:14:32,600
Speaker 4: Buff like ancient history? Probably not?

280
00:14:33,640 --> 00:14:37,320
Speaker 3: Okay, but narrow it down. These are both ancient history stories.

281
00:14:37,480 --> 00:14:39,480
Speaker 3: What part of the world are you more interested in?

282
00:14:39,840 --> 00:14:45,120
Speaker 3: So the South America, the European Europe? Europe bringering, thank

283
00:14:45,160 --> 00:14:49,040
Speaker 3: you very much. Do you know one of the truly

284
00:14:49,160 --> 00:14:53,000
Speaker 3: great artworks of European history, possibly the greatest. And it's

285
00:14:53,000 --> 00:14:55,000
Speaker 3: not the main Elesa. I get that. That's pretty good.

286
00:14:55,440 --> 00:14:58,760
Speaker 3: Do you know what it is? The Bayou Tapestry. The

287
00:14:58,800 --> 00:15:04,280
Speaker 3: Bayou Tapestry embroidered medieval artwork, a masterpiece. It depicts the

288
00:15:04,320 --> 00:15:07,880
Speaker 3: Norman conquest of England in ten sixty six. Why that

289
00:15:08,000 --> 00:15:12,400
Speaker 3: is so important is that's actually the time that the

290
00:15:12,440 --> 00:15:17,360
Speaker 3: Normans came and conquered the UK. Or these Normans, which

291
00:15:17,400 --> 00:15:20,120
Speaker 3: are French people the north of France, came over. They

292
00:15:20,240 --> 00:15:23,440
Speaker 3: kind of took over the land and created England out

293
00:15:23,600 --> 00:15:26,080
Speaker 3: Britain as we know it. So it's kind of the

294
00:15:26,080 --> 00:15:29,880
Speaker 3: beginning of Britain as we know it. Harold Godwinson Godwinson,

295
00:15:29,920 --> 00:15:31,720
Speaker 3: he was a guy who was sort of running Britain

296
00:15:31,800 --> 00:15:33,920
Speaker 3: up until that time. But there are a bunch of fiefdoms.

297
00:15:34,400 --> 00:15:37,440
Speaker 3: The Battle of Hastings occurred, William the Conqueror came over.

298
00:15:37,600 --> 00:15:40,040
Speaker 3: We got the UK. Now we don't know a lot

299
00:15:40,080 --> 00:15:44,600
Speaker 3: about it except for the Bayu Tapestry, which was done

300
00:15:44,240 --> 00:15:47,120
Speaker 3: I believe it was done by William's half brother in

301
00:15:47,160 --> 00:15:51,720
Speaker 3: the years afterwards. It's seventy meters long. It depicts the

302
00:15:51,720 --> 00:15:55,320
Speaker 3: battle and it's been sitting in France for a mere

303
00:15:55,400 --> 00:15:59,520
Speaker 3: nine hundred and sixty years. Well, this week Emmanuel Macron

304
00:15:59,560 --> 00:16:01,960
Speaker 3: and kissed Arma met and Manual more Crimes said, we

305
00:16:02,000 --> 00:16:04,520
Speaker 3: will learn it to the British Museum, so you guys

306
00:16:04,560 --> 00:16:08,080
Speaker 3: can have this Bayu Tapestry, which probably rightfully belongs in

307
00:16:08,120 --> 00:16:11,000
Speaker 3: the UK. Not with the UK steals everything from everyone else,

308
00:16:11,040 --> 00:16:14,680
Speaker 3: you know, the Greeks, the Romans, the whole lie, right,

309
00:16:15,040 --> 00:16:17,400
Speaker 3: But in this instance the French have taken something from

310
00:16:17,440 --> 00:16:20,040
Speaker 3: the Brits and they're giving it back on lane to

311
00:16:20,120 --> 00:16:23,880
Speaker 3: the British Museum. Just the fact that the Bayu Tapestry

312
00:16:24,240 --> 00:16:28,560
Speaker 3: is in the news this week, that is just fantastic.

313
00:16:28,680 --> 00:16:32,800
Speaker 3: It is the only proper record of perhaps the greatest

314
00:16:32,840 --> 00:16:36,480
Speaker 3: battle of English history, because it changed Britain more than

315
00:16:36,520 --> 00:16:39,200
Speaker 3: any other battle ever did. And I just think it's

316
00:16:39,200 --> 00:16:42,720
Speaker 3: a great story. Subjective bias, Come and give me a

317
00:16:42,720 --> 00:16:44,200
Speaker 3: bit of ancient history from Europe.

318
00:16:44,280 --> 00:16:48,320
Speaker 1: Adam, Well, I'm going to sort of take a little

319
00:16:48,360 --> 00:16:52,400
Speaker 1: step around the globe Sean to per Peru.

320
00:16:52,640 --> 00:16:54,080
Speaker 3: Which part of Europe is from.

321
00:16:54,240 --> 00:16:56,960
Speaker 2: It's not it's from South America.

322
00:16:57,080 --> 00:17:01,920
Speaker 1: But in particular for a business new podcast, Sean, this

323
00:17:02,080 --> 00:17:04,879
Speaker 1: is perhaps one of the oldest known market economies.

324
00:17:05,320 --> 00:17:07,520
Speaker 3: Now, oh nice, Yeah, that's nice.

325
00:17:07,760 --> 00:17:11,320
Speaker 1: That's so my favorite ancient business story. This week takes

326
00:17:11,400 --> 00:17:15,680
Speaker 1: us to Panico, Guiana. Panico, a three thousand, five hundred

327
00:17:15,760 --> 00:17:19,639
Speaker 1: year old city just discovered in northern Peru, located two

328
00:17:19,720 --> 00:17:22,720
Speaker 1: hundred kilometers north of Lima. Panico is believed to have

329
00:17:22,760 --> 00:17:25,520
Speaker 1: been a major trading hub linking the Pacific Coast, the

330
00:17:25,560 --> 00:17:29,240
Speaker 1: Andes and the Amazon community. So this process has been

331
00:17:29,280 --> 00:17:33,800
Speaker 1: amazing eight years it's taken to uncover these eighteen structures.

332
00:17:34,320 --> 00:17:40,080
Speaker 1: It includes temples, residences, clay sculptures, beautiful beaded jewelry, animal figurines,

333
00:17:40,520 --> 00:17:43,600
Speaker 1: and the city. It is estimated dates back between eighteen

334
00:17:43,680 --> 00:17:47,119
Speaker 1: hundred and fifteen hundred BC and is seen as a

335
00:17:47,119 --> 00:17:51,600
Speaker 1: continuation of the Caeral civilization, the oldest known in the Americas.

336
00:17:52,200 --> 00:17:56,920
Speaker 1: So lead archaeologist, doctor Bruce Shady says, tiguous, not slim.

337
00:17:57,480 --> 00:17:59,160
Speaker 3: That's quite the name for an archaeologist.

338
00:17:59,680 --> 00:18:03,280
Speaker 1: This is the real droptory Shady, please stand up, says

339
00:18:03,280 --> 00:18:06,440
Speaker 1: Pernico helps explain what happened to Corral afterwards, hit by

340
00:18:06,480 --> 00:18:10,680
Speaker 1: climate change. The site strategic location and reach rich cultural

341
00:18:10,720 --> 00:18:14,440
Speaker 1: finds show just how advanced and interconnected these early early

342
00:18:14,520 --> 00:18:17,480
Speaker 1: civilizations were in this market economy. So what we have

343
00:18:17,680 --> 00:18:22,080
Speaker 1: ancient trade routes, religious centers, cultural exchange, and a market

344
00:18:22,119 --> 00:18:24,960
Speaker 1: economy that dates back over three thy five hundred years.

345
00:18:25,400 --> 00:18:28,399
Speaker 1: And that's why it's my favorite business story from the

346
00:18:28,440 --> 00:18:29,680
Speaker 1: ancient Times of the week.

347
00:18:30,280 --> 00:18:33,919
Speaker 3: Excellent down. I have a question, do you ever wonder

348
00:18:34,240 --> 00:18:38,240
Speaker 3: how they just come across an ancient city? It's only

349
00:18:38,280 --> 00:18:41,560
Speaker 3: two n in kilometers north of Lima? Yeah, I presume so,

350
00:18:41,640 --> 00:18:45,800
Speaker 3: I just it's kind of still it's kind of amazing,

351
00:18:45,960 --> 00:18:49,639
Speaker 3: amazing that we haven't uncovered I mean, Pompei and a

352
00:18:49,680 --> 00:18:51,960
Speaker 3: few of those little examples. Yeah.

353
00:18:52,000 --> 00:18:56,080
Speaker 4: Anyway, both stories that were both interesting, very close marks

354
00:18:56,119 --> 00:18:58,119
Speaker 4: actually in this in this round. But I like the

355
00:18:58,200 --> 00:19:01,720
Speaker 4: economic market economy, you know, till.

356
00:19:02,200 --> 00:19:04,120
Speaker 3: No one's laughing at this, Adam.

357
00:19:03,880 --> 00:19:06,240
Speaker 4: I gave you fifteen out of twenty five sean thirteen

358
00:19:06,240 --> 00:19:07,000
Speaker 4: out of twenty.

359
00:19:08,720 --> 00:19:13,200
Speaker 3: Inchigerhead, albeit a temporial tapestry, gets like fifty four percent,

360
00:19:13,480 --> 00:19:16,600
Speaker 3: thirteen out of two five. Yeah, welcome to the new

361
00:19:17,119 --> 00:19:22,040
Speaker 3: your head in shame, Dana, I mean, come on, I

362
00:19:22,240 --> 00:19:23,040
Speaker 3: have turned.

363
00:19:23,560 --> 00:19:25,920
Speaker 4: This is maybe if you pay for us to go

364
00:19:26,320 --> 00:19:29,080
Speaker 4: to the British Museum and see the bay tapestry and

365
00:19:29,280 --> 00:19:31,160
Speaker 4: we could, we could.

366
00:19:31,080 --> 00:19:32,440
Speaker 2: It's an international we won't.

367
00:19:33,040 --> 00:19:36,159
Speaker 3: Of market economy, we might help, but after that judgment

368
00:19:36,240 --> 00:19:38,679
Speaker 3: thirteen out of twenty five for the Bauten, you've got

369
00:19:38,760 --> 00:19:39,280
Speaker 3: no chance.

370
00:19:39,440 --> 00:19:43,760
Speaker 2: Come on, Sean, we've got to finish here. Favorite story week,

371
00:19:44,320 --> 00:19:46,560
Speaker 2: all right, Diana, this.

372
00:19:46,760 --> 00:19:48,800
Speaker 1: Is my favorite story of the week, and it's about

373
00:19:49,000 --> 00:19:51,280
Speaker 1: the growing recognition of mental health not just as a

374
00:19:51,359 --> 00:19:54,159
Speaker 1: medical issue, but as an economic one. According to new

375
00:19:54,200 --> 00:19:56,159
Speaker 1: figures released for the first time by the Council of

376
00:19:56,200 --> 00:20:00,359
Speaker 1: Australian Life Insurers, life insurans paid out a record record

377
00:20:00,520 --> 00:20:03,840
Speaker 1: two point two billion dollars in mental health claims last year,

378
00:20:04,320 --> 00:20:07,600
Speaker 1: and that's double the amount from five years ago. Nearly

379
00:20:07,840 --> 00:20:11,200
Speaker 1: half of all of all life insurance payouts in twenty

380
00:20:11,280 --> 00:20:15,160
Speaker 1: twenty four were actually related to mental health conditions like anxiety,

381
00:20:15,240 --> 00:20:19,840
Speaker 1: PTSD and depression, which to me shockingly is a study

382
00:20:19,880 --> 00:20:23,520
Speaker 1: that showed the permanent disability claims by those in their

383
00:20:23,640 --> 00:20:26,879
Speaker 1: thirties increased by more than seven hundred percent in the

384
00:20:26,960 --> 00:20:30,399
Speaker 1: decade to twenty twenty two. That's seven hundred percent for

385
00:20:30,480 --> 00:20:33,239
Speaker 1: people thirty or under who are now saying that they

386
00:20:33,320 --> 00:20:36,919
Speaker 1: can't work anymore through these injuries and that now comprises

387
00:20:37,000 --> 00:20:40,399
Speaker 1: more than a third of all such claims. Now, in

388
00:20:40,520 --> 00:20:43,080
Speaker 1: my view, we've never treated mental illness with the same

389
00:20:43,200 --> 00:20:46,640
Speaker 1: seriousness as physical injury. It's harder to see and often

390
00:20:46,680 --> 00:20:49,440
Speaker 1: harder to treat, but we are getting there. While this

391
00:20:49,600 --> 00:20:52,160
Speaker 1: is a fiscal warning about the real costs of health,

392
00:20:52,280 --> 00:20:54,920
Speaker 1: it's also about recognizing a growing crisis in Australia and

393
00:20:54,960 --> 00:20:55,520
Speaker 1: around the world.

394
00:20:55,560 --> 00:20:56,960
Speaker 2: And that's got to be good.

395
00:20:57,400 --> 00:21:01,040
Speaker 1: Yes, premiums may rise, but there's a growing greater good

396
00:21:01,240 --> 00:21:04,000
Speaker 1: becoming clearer. We need to be better at supporting mental

397
00:21:04,080 --> 00:21:07,240
Speaker 1: health and people's well being. We need to better recognize

398
00:21:07,280 --> 00:21:10,440
Speaker 1: the pressures that people actually face. And this started from

399
00:21:10,440 --> 00:21:12,920
Speaker 1: the insurance industry highlights that and that's got to be

400
00:21:13,000 --> 00:21:15,399
Speaker 1: a good thing. And that's why it's my favorite business

401
00:21:15,400 --> 00:21:16,000
Speaker 1: story of the week.

402
00:21:16,840 --> 00:21:20,399
Speaker 2: Sean, you cheat, good luck, you cheat?

403
00:21:20,720 --> 00:21:22,879
Speaker 3: How dare you come up with a worthy story on

404
00:21:22,960 --> 00:21:24,640
Speaker 3: the last story of the day? I mean, the whole

405
00:21:24,680 --> 00:21:26,639
Speaker 3: idea is that we have a laugh here and how

406
00:21:26,680 --> 00:21:29,840
Speaker 3: can how can I argue against it is so much

407
00:21:29,880 --> 00:21:33,879
Speaker 3: an important issue? So like I just can we disqualify

408
00:21:34,000 --> 00:21:37,080
Speaker 3: him from being too worthy, being too nice, too important,

409
00:21:37,080 --> 00:21:38,760
Speaker 3: too relevant, any of those things?

410
00:21:39,200 --> 00:21:42,320
Speaker 4: Well, there is a massive economic impact here because of.

411
00:21:42,359 --> 00:21:45,080
Speaker 3: The healthcare budget don't help him.

412
00:21:45,440 --> 00:21:49,639
Speaker 4: And then and the and the growing reliance on the NDIS,

413
00:21:49,920 --> 00:21:53,520
Speaker 4: and that's now the largest cost to the budget, basically

414
00:21:53,640 --> 00:21:56,880
Speaker 4: even more than Medicare. I mean outside of welfare payments

415
00:21:57,200 --> 00:21:58,280
Speaker 4: and age.

416
00:21:58,240 --> 00:22:02,399
Speaker 3: Interest payments, and it's more than payments at the moment. Anyway,

417
00:22:03,040 --> 00:22:03,600
Speaker 3: I'm moving on.

418
00:22:04,240 --> 00:22:05,800
Speaker 2: This is me slowly.

419
00:22:07,520 --> 00:22:10,400
Speaker 3: I'm in trouble. I mean, what's been most entertaining this week?

420
00:22:10,480 --> 00:22:14,440
Speaker 4: But I gave Adam very low points for the entertainment

421
00:22:14,480 --> 00:22:15,600
Speaker 4: factory excellent?

422
00:22:16,760 --> 00:22:21,440
Speaker 3: What's more entertaining? Then then the great man himself, Elon

423
00:22:22,160 --> 00:22:22,679
Speaker 3: must Oh.

424
00:22:22,760 --> 00:22:26,000
Speaker 4: I like it, already have a soft spot for Elon.

425
00:22:28,160 --> 00:22:32,320
Speaker 3: So Donald Trump, former pal, signed the One Big Beautiful

426
00:22:32,400 --> 00:22:36,240
Speaker 3: Bill Act last weekend, nine hundred page bill four point

427
00:22:36,280 --> 00:22:37,840
Speaker 3: five trillion in tax cuts.

428
00:22:38,560 --> 00:22:42,200
Speaker 4: Hang on, that was an audible ye no, because I

429
00:22:42,280 --> 00:22:44,320
Speaker 4: know what, I know where the story is.

430
00:22:44,800 --> 00:22:47,200
Speaker 3: It's good. So you know that Trump's twenty seventeen tax

431
00:22:47,280 --> 00:22:50,880
Speaker 3: cuts again become permanent deductions for tips, which is really

432
00:22:50,960 --> 00:22:54,680
Speaker 3: big big thing for many workers in the US. Overtime

433
00:22:54,800 --> 00:22:59,520
Speaker 3: order loan seniors, boost military spending, and imposes deep cuts

434
00:22:59,600 --> 00:23:02,760
Speaker 3: to safe net programs medicaid, food assistance and all that.

435
00:23:03,920 --> 00:23:08,440
Speaker 3: Elon Mask a doge man from wayback, one of the ogs,

436
00:23:08,720 --> 00:23:13,119
Speaker 3: one of the og doge, although given that the dog

437
00:23:13,280 --> 00:23:16,080
Speaker 3: has only been around six months, being an og probably

438
00:23:16,080 --> 00:23:18,880
Speaker 3: doesn't mean that much. However, he is the doge man. Well,

439
00:23:19,200 --> 00:23:22,479
Speaker 3: isn't he dirty about it? He basically said, it's going

440
00:23:22,520 --> 00:23:24,320
Speaker 3: to add nearly three point three trillion dollars to the

441
00:23:24,400 --> 00:23:28,720
Speaker 3: national debt over the next decade. So he's going to

442
00:23:29,119 --> 00:23:34,240
Speaker 3: launch the incredibly well named America Party. You can see

443
00:23:34,280 --> 00:23:37,080
Speaker 3: the ads already, can't you care. It's sort of like

444
00:23:38,600 --> 00:23:42,640
Speaker 3: that's exactly where it is. They'll be yellow everywhere. America

445
00:23:42,720 --> 00:23:46,040
Speaker 3: Party slightly lacking in detail. I must say, mister Trump

446
00:23:46,080 --> 00:23:49,639
Speaker 3: hasn't given us too much detail on it. On x

447
00:23:49,760 --> 00:23:51,359
Speaker 3: he wrote, and I quate him by a factor of

448
00:23:51,400 --> 00:23:54,159
Speaker 3: two to one. You want a new political party, and

449
00:23:54,240 --> 00:23:57,440
Speaker 3: you shall have it. It's a bit like the Messiah,

450
00:23:57,480 --> 00:24:01,479
Speaker 3: isn't it really? When it comes to bank bankrupting our

451
00:24:01,560 --> 00:24:04,800
Speaker 3: country with waste and graft. We live in a one

452
00:24:04,880 --> 00:24:09,159
Speaker 3: party system, not a democracy. The Democrats probably disagree with that,

453
00:24:09,280 --> 00:24:11,360
Speaker 3: but that's all right, he said. When I would say

454
00:24:11,359 --> 00:24:14,520
Speaker 3: today the America Party is formed to give you back

455
00:24:15,320 --> 00:24:19,600
Speaker 3: your freedom. Robert the Bruce trumpet back pretty quickly, he

456
00:24:19,800 --> 00:24:22,200
Speaker 3: said he was, and I quite saddened to watch Elon

457
00:24:22,320 --> 00:24:25,960
Speaker 3: Musk go completely off the rails, essentially becoming a train wreck,

458
00:24:26,160 --> 00:24:29,840
Speaker 3: train wreck and caps of course over the past five weeks. Now,

459
00:24:29,880 --> 00:24:32,440
Speaker 3: of course, this reminds me of Ross Perret, those who

460
00:24:32,520 --> 00:24:35,360
Speaker 3: are like us politics, the billionaire, the textan I think

461
00:24:35,400 --> 00:24:39,359
Speaker 3: he was. He ran the Reform Party in nineteen ninety two.

462
00:24:39,680 --> 00:24:40,800
Speaker 3: It actually Ross.

463
00:24:40,640 --> 00:24:44,000
Speaker 2: Perot Paroh for president. I remember the bumper stickers Paro

464
00:24:44,119 --> 00:24:44,560
Speaker 2: for president.

465
00:24:44,960 --> 00:24:48,680
Speaker 3: He wasn't totally mad Ross Perot, you know, which is

466
00:24:48,760 --> 00:24:54,159
Speaker 3: probably me comparing him to task. He got nine a

467
00:24:54,240 --> 00:24:56,400
Speaker 3: percent of the vote back then. He actually helped Bill

468
00:24:56,440 --> 00:24:59,920
Speaker 3: Clinton because he was a right he was a conservative.

469
00:25:00,280 --> 00:25:05,000
Speaker 3: He actually pulled votes away from George Bush Senior, George H. W. Bush,

470
00:25:05,400 --> 00:25:09,640
Speaker 3: and he helped Bill Clinton beat George H. W. Bush.

471
00:25:09,960 --> 00:25:11,399
Speaker 3: I don't know that this is actually going to come

472
00:25:11,400 --> 00:25:13,280
Speaker 3: to pass, but in terms of my favorite story for

473
00:25:13,359 --> 00:25:16,840
Speaker 3: the week, how entertaining, I mean, this is just admittedly

474
00:25:16,840 --> 00:25:19,760
Speaker 3: it's ongoing the fight between the two, but bring on

475
00:25:19,840 --> 00:25:20,760
Speaker 3: the America Party.

476
00:25:21,040 --> 00:25:24,920
Speaker 4: Yeah, I love that story because it's so entertaining, and

477
00:25:25,040 --> 00:25:26,800
Speaker 4: the saga the bromance, just.

478
00:25:26,840 --> 00:25:32,200
Speaker 3: The bromance, well, the the what happens after a bromance? Yeah,

479
00:25:32,240 --> 00:25:33,800
Speaker 3: what is it? Is it? The breakup of the bromance?

480
00:25:34,680 --> 00:25:37,479
Speaker 3: I suppose I say, the broke up, the broke up,

481
00:25:37,560 --> 00:25:40,720
Speaker 3: the bloke up. Yeah.

482
00:25:41,000 --> 00:25:44,359
Speaker 4: And then there is the ongoing Epstein files, which must

483
00:25:44,440 --> 00:25:47,000
Speaker 4: keeps talking about as well on X and now these

484
00:25:47,080 --> 00:25:49,600
Speaker 4: fake pictures of Trump with Epstein.

485
00:25:50,080 --> 00:25:53,440
Speaker 3: It's quite extraordinary that at the absolute highest levels of

486
00:25:53,520 --> 00:25:59,320
Speaker 3: government this is what's going on. Absolutely and business remarkable over.

487
00:26:00,040 --> 00:26:01,600
Speaker 4: So, I scored you very well for that, Sean. I

488
00:26:01,680 --> 00:26:03,880
Speaker 4: think that was your best category. Twenty out of twenty four.

489
00:26:04,000 --> 00:26:06,879
Speaker 2: Ah jus half he's left ahead.

490
00:26:08,240 --> 00:26:10,320
Speaker 3: Had Adam going that one though not so good.

491
00:26:10,359 --> 00:26:13,040
Speaker 4: I've imagined that he got seventeen out of twenty four.

492
00:26:14,040 --> 00:26:17,320
Speaker 3: Hang on, so I've been doing the maths, so it's

493
00:26:17,359 --> 00:26:21,359
Speaker 3: to too on the storycount. But but I'm afraid there

494
00:26:21,480 --> 00:26:24,080
Speaker 3: is a very clear cut up by one point.

495
00:26:24,880 --> 00:26:26,439
Speaker 4: How are you calculated in your head already?

496
00:26:26,560 --> 00:26:27,800
Speaker 2: Well, it was pretty easy.

497
00:26:29,480 --> 00:26:31,600
Speaker 3: And he's abusing you. Now that's not fair.

498
00:26:31,800 --> 00:26:35,560
Speaker 2: No, very well, we're all we're all got an economics background.

499
00:26:35,600 --> 00:26:37,120
Speaker 2: We ought to be able to add and subtract.

500
00:26:37,240 --> 00:26:40,520
Speaker 3: Right, some of us actually could call themselves an economist,

501
00:26:40,600 --> 00:26:43,960
Speaker 3: and two of us can't. Let's be honest about that, tourists.

502
00:26:44,080 --> 00:26:46,080
Speaker 3: That is fantastic, down and thank you very much. I

503
00:26:46,480 --> 00:26:49,960
Speaker 3: was sort of dubious about you judging. Now he's to

504
00:26:50,240 --> 00:26:52,840
Speaker 3: be known because you gave Michael a win last week

505
00:26:53,119 --> 00:26:56,399
Speaker 3: and Michael never wins. But now changed, I've changed my

506
00:26:56,440 --> 00:26:56,960
Speaker 3: mind totally.

507
00:26:57,119 --> 00:26:57,320
Speaker 2: Yeah.

508
00:26:57,600 --> 00:26:58,560
Speaker 3: I think he's a reflection.

509
00:26:58,840 --> 00:27:00,600
Speaker 2: It's a full context for isn't it.

510
00:27:01,280 --> 00:27:05,240
Speaker 3: I'm out, Ah, thank you very much. Sorry, you're doing

511
00:27:05,359 --> 00:27:06,080
Speaker 3: a sign out, not me.

512
00:27:06,560 --> 00:27:09,760
Speaker 4: You have you enjoyed it, Diana, It's been fantastic. Thank

513
00:27:09,760 --> 00:27:10,159
Speaker 4: you for having me.

514
00:27:10,280 --> 00:27:12,320
Speaker 1: We've loved having you here. We hope to get you

515
00:27:12,440 --> 00:27:15,399
Speaker 1: back again soon. So thank you, Diana. That was Deana Massen,

516
00:27:15,440 --> 00:27:18,400
Speaker 1: a special guest judge and deputy Chief economist of a MP.

517
00:27:18,840 --> 00:27:22,920
Speaker 1: Make sure you're following the podcast. Join us on LinkedIn, Instagram, TikTok, Facebook,

518
00:27:22,960 --> 00:27:23,440
Speaker 1: and X.

519
00:27:24,000 --> 00:27:24,520
Speaker 2: I'm Adam.

520
00:27:24,600 --> 00:27:26,359
Speaker 3: Hold on, hold on, Adam. You've got to say goodbye

521
00:27:26,400 --> 00:27:26,800
Speaker 3: to me too.

522
00:27:27,320 --> 00:27:31,840
Speaker 2: Oh sorry you yeah, bye, Sean. I want bye bye

523
00:27:31,920 --> 00:27:32,480
Speaker 2: to the winner.

524
00:27:33,040 --> 00:27:33,680
Speaker 4: By one point.

525
00:27:35,160 --> 00:27:35,679
Speaker 2: Win's a win.

526
00:27:36,520 --> 00:27:39,440
Speaker 1: We call that a landslide here. Make sure you're following

527
00:27:39,440 --> 00:27:42,600
Speaker 1: the podcast. Join us online on LinkedIn, Instagram, TikTok, Facebook,

528
00:27:42,600 --> 00:27:42,840
Speaker 1: and X.

529
00:27:42,920 --> 00:27:45,159
Speaker 2: I'm Adam Lang. And that was the weekend edition by

530
00:27:45,320 --> 00:27:47,680
Speaker 2: Fear and Greed Business News. We hope you have a

531
00:27:47,720 --> 00:27:48,320
Speaker 2: great weekend