1 00:00:07,160 --> 00:00:09,559 Speaker 1: This is the weekend edition of Fear and Greed, daily 2 00:00:09,640 --> 00:00:11,959 Speaker 1: business news for people who make their own decisions. Are 3 00:00:12,039 --> 00:00:16,480 Speaker 1: Michael Thompson and good morning, Sean Aylmer, Morning, Squirrel, Sean, 4 00:00:16,840 --> 00:00:19,440 Speaker 1: our weekend I'm ignoring you like you are just going 5 00:00:19,440 --> 00:00:21,400 Speaker 1: to I came in here today going we are going 6 00:00:21,480 --> 00:00:23,280 Speaker 1: to do this in twenty minutes flat, and you are 7 00:00:23,320 --> 00:00:24,759 Speaker 1: already trying to derail me. 8 00:00:25,840 --> 00:00:26,560 Speaker 2: And it worked. 9 00:00:26,640 --> 00:00:27,360 Speaker 1: It did not work. 10 00:00:27,880 --> 00:00:29,400 Speaker 3: It's already you two. 11 00:00:29,640 --> 00:00:31,520 Speaker 1: Our weekend show. It's all about the two of us, 12 00:00:31,520 --> 00:00:34,000 Speaker 1: each nominating what we think is the biggest business story 13 00:00:34,000 --> 00:00:38,360 Speaker 1: of the week, the most remarkable story, our mystery category. 14 00:00:38,360 --> 00:00:40,519 Speaker 1: We've got a good mystery category today, and that's to 15 00:00:40,600 --> 00:00:42,680 Speaker 1: keep our judge on his toes, and then our favorite 16 00:00:42,680 --> 00:00:45,400 Speaker 1: business related story. We are joined every week by a 17 00:00:45,479 --> 00:00:47,879 Speaker 1: judge to pick a winner, and that judge is our 18 00:00:47,920 --> 00:00:51,640 Speaker 1: Fear and Greed colleague Adam Lang Adam, good morning. 19 00:00:51,840 --> 00:00:53,920 Speaker 2: Hello, Hi Michael, Hi Sean. 20 00:00:54,080 --> 00:00:58,680 Speaker 3: Hello, at Amski. We're only using nicknames today. We have Sean, 21 00:00:58,840 --> 00:01:03,800 Speaker 3: oh yeah, sure, we have a damp Ski. We have Squirrel. 22 00:01:04,680 --> 00:01:08,480 Speaker 3: We have our social media expert. 23 00:01:08,520 --> 00:01:13,760 Speaker 1: Rosanna who for obvious reason, and the musical kind. 24 00:01:13,560 --> 00:01:18,120 Speaker 3: Of licounation and my nickname, which is Sean. 25 00:01:19,040 --> 00:01:23,640 Speaker 1: The love God. Do you have a nickname, Sean, I've 26 00:01:23,680 --> 00:01:25,160 Speaker 1: never really had a nickname. 27 00:01:26,200 --> 00:01:28,560 Speaker 3: There was one nickname. So I went on took one 28 00:01:28,560 --> 00:01:31,360 Speaker 3: of the kids on a rugby tour. So the Roseville 29 00:01:31,400 --> 00:01:32,679 Speaker 3: Rugby Club went to New Zealand. 30 00:01:32,800 --> 00:01:35,640 Speaker 1: Is this going to be safe for a G rated podcast? 31 00:01:35,959 --> 00:01:39,360 Speaker 3: Okay, it's not. So we went and you know there 32 00:01:39,400 --> 00:01:43,399 Speaker 3: was like maybe fifteen dads and thirty kind of kids. 33 00:01:43,720 --> 00:01:47,520 Speaker 3: It's a fantastic The dad's got a bit excited and 34 00:01:47,760 --> 00:01:48,800 Speaker 3: it happened before. 35 00:01:48,840 --> 00:01:52,320 Speaker 1: Sure, no, oh, I know where you're going round. 36 00:01:52,400 --> 00:01:53,040 Speaker 3: I leave it there. 37 00:01:54,560 --> 00:01:57,400 Speaker 1: Oh sure, no, we'll do okay, all right, so we'll 38 00:01:57,440 --> 00:01:59,960 Speaker 1: just go with rhyming slang then today, Okay, here we go, 39 00:02:00,480 --> 00:02:05,080 Speaker 1: Sean no a Damski Squirrel, the Squize Dog's going first 40 00:02:05,120 --> 00:02:09,560 Speaker 1: here for the biggest story of the week. Shall we 41 00:02:09,639 --> 00:02:13,440 Speaker 1: jump into it first of all very quickly, Adamski, what 42 00:02:13,480 --> 00:02:14,840 Speaker 1: are you looking for this week? 43 00:02:15,360 --> 00:02:19,919 Speaker 2: Alright? In Judge, we're all topicality, timeliness, economic impact of course, 44 00:02:20,040 --> 00:02:24,079 Speaker 2: play to my subjective bias, and throwing a lot of melodrama. 45 00:02:24,200 --> 00:02:27,519 Speaker 1: Oh, it is going to be positively dripping with melodrama 46 00:02:27,520 --> 00:02:34,040 Speaker 1: today because biggest story of the week, which will lead 47 00:02:34,160 --> 00:02:37,760 Speaker 1: us neatly into the biggest story of the year. Right 48 00:02:38,720 --> 00:02:46,200 Speaker 1: because in politics this week two massive stories. Actually no, no, no, 49 00:02:46,360 --> 00:02:48,200 Speaker 1: they're not actually no, they're not two separate stories. They 50 00:02:48,200 --> 00:02:53,720 Speaker 1: are one story. Well, they're two federal budget and an 51 00:02:53,760 --> 00:02:57,880 Speaker 1: election has been called that, but they are just two 52 00:02:57,919 --> 00:03:01,760 Speaker 1: halves of a whole massive story. The budget was interesting, 53 00:03:01,760 --> 00:03:03,760 Speaker 1: of course, we'll start there. Get that out of the way, 54 00:03:03,800 --> 00:03:04,760 Speaker 1: because I think everyone's w. 55 00:03:05,160 --> 00:03:07,959 Speaker 3: Dn't you love the way the budget was interesting. Let's 56 00:03:07,960 --> 00:03:10,440 Speaker 3: get that out of the way. The budget was boring, Michael. 57 00:03:10,520 --> 00:03:11,040 Speaker 1: It was dull. 58 00:03:11,160 --> 00:03:13,000 Speaker 3: It was one part of it was really really interesting, 59 00:03:13,000 --> 00:03:13,799 Speaker 3: but otherwise it was dult. 60 00:03:13,880 --> 00:03:15,560 Speaker 1: Go on, is that the part that you're going to 61 00:03:15,600 --> 00:03:16,000 Speaker 1: refer to? 62 00:03:16,160 --> 00:03:16,639 Speaker 2: Possibly? 63 00:03:17,080 --> 00:03:20,919 Speaker 1: Okay, this is sickening. So the budget was interesting only 64 00:03:20,960 --> 00:03:23,240 Speaker 1: because it revealed what the battleground is going to be 65 00:03:23,280 --> 00:03:26,040 Speaker 1: for the election. It is cost of living, right, it 66 00:03:26,160 --> 00:03:28,640 Speaker 1: is all about cost of living. The treasurer on Tuesday 67 00:03:28,720 --> 00:03:31,600 Speaker 1: night announced tax cuts worth seventeen billion dollars, but really 68 00:03:31,600 --> 00:03:34,120 Speaker 1: it's only ten bucks a week or something. The opposition 69 00:03:34,200 --> 00:03:37,560 Speaker 1: opposed it, which is significant, right, because all of a sudden, 70 00:03:37,560 --> 00:03:42,040 Speaker 1: the government can claim that the coalition is against tax 71 00:03:42,080 --> 00:03:45,520 Speaker 1: cuts for the people oppositionally to Peter. Dutton returned fire 72 00:03:45,600 --> 00:03:48,960 Speaker 1: then on Thursday night with his budget reply, where he 73 00:03:49,000 --> 00:03:52,880 Speaker 1: offered a fuel excise cut, saving households fourteen dollars a week. 74 00:03:52,920 --> 00:03:56,280 Speaker 1: So fourteen dollars is more than ten dollars. Did not 75 00:03:56,360 --> 00:03:58,200 Speaker 1: need to explain that to you as I was looking to. 76 00:03:58,320 --> 00:04:00,640 Speaker 1: But you know what, I'll spell it out a note. 77 00:04:00,680 --> 00:04:03,200 Speaker 1: You didn't write it down on your notes. This is 78 00:04:03,400 --> 00:04:05,800 Speaker 1: this is now the cost of living election. That was 79 00:04:05,880 --> 00:04:09,000 Speaker 1: really the only interesting stuff that came out of the budget, right, 80 00:04:09,280 --> 00:04:11,240 Speaker 1: we know it's an important document. It is rare to 81 00:04:11,280 --> 00:04:14,720 Speaker 1: have four budgets handed down in a three year term. 82 00:04:15,000 --> 00:04:17,640 Speaker 1: But it was because kind of calling the election was 83 00:04:17,680 --> 00:04:21,000 Speaker 1: delayed by X tropical cyclone Alfred a couple of weeks back. 84 00:04:21,279 --> 00:04:24,760 Speaker 1: The budget, Adam, I'm sorry to say, short. 85 00:04:24,480 --> 00:04:27,400 Speaker 2: On reform, very short on reform. 86 00:04:27,080 --> 00:04:29,120 Speaker 1: Big opportunity for reform and it. 87 00:04:29,000 --> 00:04:30,760 Speaker 2: Was just missed, squandered. 88 00:04:30,880 --> 00:04:35,240 Speaker 1: Yeah, absolutely wasted opportunity. The only kind of reform component 89 00:04:35,320 --> 00:04:38,640 Speaker 1: was getting rid of kind of non compete clauses, and. 90 00:04:38,600 --> 00:04:41,400 Speaker 3: That's really introduced the income tax bracket. 91 00:04:41,960 --> 00:04:44,360 Speaker 1: Yeah, true, you know a year. 92 00:04:44,279 --> 00:04:44,680 Speaker 3: Or two. 93 00:04:46,600 --> 00:04:51,279 Speaker 1: Minor detail. I've never really been big on detail, Sean. 94 00:04:52,040 --> 00:04:55,279 Speaker 1: It's always more event about the vibe. Yeah, the vibe, 95 00:04:55,320 --> 00:04:59,240 Speaker 1: the showmanship. Right anyway, anyway, Apart from that, it was 96 00:04:59,279 --> 00:05:01,800 Speaker 1: an election budget, right, A lot of winners, not many 97 00:05:01,839 --> 00:05:08,039 Speaker 1: losers know me to reform. Now, finally, finally, finally we 98 00:05:08,160 --> 00:05:10,520 Speaker 1: can get so I'm making my way around the room 99 00:05:10,520 --> 00:05:12,280 Speaker 1: here around the studio, we can get to. 100 00:05:12,160 --> 00:05:15,520 Speaker 4: The why are you looking at me, Sean, because you're 101 00:05:15,560 --> 00:05:17,080 Speaker 4: going on and on and on and we're trying to 102 00:05:17,120 --> 00:05:19,839 Speaker 4: keep it brief, and I just I stopped listening about 103 00:05:19,880 --> 00:05:21,040 Speaker 4: three and a half minutes ago. 104 00:05:21,240 --> 00:05:24,480 Speaker 1: Election on May three, There we go. Are you excited? 105 00:05:24,839 --> 00:05:25,479 Speaker 3: I am excited? 106 00:05:25,520 --> 00:05:26,039 Speaker 1: Absolutely? 107 00:05:26,240 --> 00:05:30,880 Speaker 3: Are you really the sausages at the local sit? Exactly? 108 00:05:30,920 --> 00:05:33,920 Speaker 1: You are right. The campaign is finally underway. The first 109 00:05:34,000 --> 00:05:38,599 Speaker 1: ads were already running within an hour of the election. 110 00:05:38,680 --> 00:05:41,760 Speaker 3: Well that is about going. The caretaker government was running 111 00:05:41,760 --> 00:05:43,080 Speaker 3: in minus twenty four. 112 00:05:43,040 --> 00:05:45,320 Speaker 1: Right off a bit early on that. It is going 113 00:05:45,400 --> 00:05:48,920 Speaker 1: to be a difficult election campaign for the Coalition, particularly 114 00:05:48,960 --> 00:05:51,159 Speaker 1: if it is a cost of living campaign, you think, 115 00:05:51,279 --> 00:05:54,880 Speaker 1: because they would have been arguing on inflation, they would 116 00:05:54,880 --> 00:05:58,400 Speaker 1: have been arguing on interest rates, but inflation coming down, 117 00:05:58,600 --> 00:06:01,560 Speaker 1: interest rates coming back down all of a sudden, they 118 00:06:01,560 --> 00:06:04,680 Speaker 1: don't quite have the easy arguments available to them they 119 00:06:04,680 --> 00:06:06,720 Speaker 1: would have had previously. It is all power. Prices is 120 00:06:06,800 --> 00:06:07,800 Speaker 1: going to be a big one. We heard a lot 121 00:06:07,800 --> 00:06:10,240 Speaker 1: about Peter Dutton talking about gas and the big gas 122 00:06:10,240 --> 00:06:13,560 Speaker 1: policy as well to get more domestic gas supply and 123 00:06:13,600 --> 00:06:16,760 Speaker 1: bring down prices. But really in the end, it is, 124 00:06:17,200 --> 00:06:21,760 Speaker 1: as we know, all about the election campaign. It's all 125 00:06:21,800 --> 00:06:22,920 Speaker 1: about the democracy side. 126 00:06:22,960 --> 00:06:26,200 Speaker 3: So what's the biggest story the democracy sausage? What is 127 00:06:26,240 --> 00:06:27,479 Speaker 3: the biggest story of the week. 128 00:06:27,640 --> 00:06:34,640 Speaker 1: It is the election has been called and the budget 129 00:06:34,839 --> 00:06:37,520 Speaker 1: led into that. You know what, I feel like I'm 130 00:06:37,520 --> 00:06:38,520 Speaker 1: a little bit off today. 131 00:06:38,720 --> 00:06:41,640 Speaker 2: I haven't articulated your argument. Okay, let's wait. 132 00:06:41,920 --> 00:06:48,080 Speaker 1: Judgment the budget. The budget set the scene, and then 133 00:06:48,120 --> 00:06:51,240 Speaker 1: the election was called. The starting gun was fired and 134 00:06:51,360 --> 00:06:54,400 Speaker 1: we are off. It is finally happening. We've been talking 135 00:06:54,400 --> 00:06:57,160 Speaker 1: about it for weeks and months and months, and finally 136 00:06:57,200 --> 00:07:00,080 Speaker 1: it is here. The election campaign is underway and the 137 00:07:00,160 --> 00:07:02,279 Speaker 1: budget set the scene. Is that better? 138 00:07:02,800 --> 00:07:03,000 Speaker 5: Yeah? 139 00:07:03,000 --> 00:07:04,240 Speaker 1: I wish I just started with that. 140 00:07:04,760 --> 00:07:05,840 Speaker 3: I wish that's all you did. 141 00:07:06,200 --> 00:07:07,479 Speaker 2: It's actually gonna be quite a sure. 142 00:07:07,440 --> 00:07:10,240 Speaker 3: I'm actually going to do my biggest story of the 143 00:07:10,280 --> 00:07:14,680 Speaker 3: week in twenty seconds, go on to make on point 144 00:07:15,640 --> 00:07:22,160 Speaker 3: budget really interesting economic forecast. Deficit ten years of deficits 145 00:07:22,800 --> 00:07:26,200 Speaker 3: but only a small percentage of GDP. That's pretty good 146 00:07:26,320 --> 00:07:31,920 Speaker 3: economic outlook. Upgraded, inflation falling faster than we thought, title 147 00:07:31,960 --> 00:07:33,600 Speaker 3: tax hit. You know, it's sort of heading towards about 148 00:07:33,600 --> 00:07:38,600 Speaker 3: seven hundred billion dollars real wages. That's after inflation expected 149 00:07:38,640 --> 00:07:40,640 Speaker 3: to grow most of that's pretty good news. Then we've 150 00:07:40,640 --> 00:07:46,240 Speaker 3: got CPI figures that came in. Underlying inflation figure came 151 00:07:46,280 --> 00:07:48,480 Speaker 3: in at two point seven percent. We've had three months 152 00:07:48,840 --> 00:07:51,760 Speaker 3: of under three percent. We're going to get a right 153 00:07:51,800 --> 00:07:54,320 Speaker 3: come in the next couple of months. That is big 154 00:07:54,360 --> 00:07:56,320 Speaker 3: news that actually matters to people. 155 00:07:57,240 --> 00:07:59,520 Speaker 1: I think people care about an election, and they certainly 156 00:07:59,520 --> 00:08:00,600 Speaker 1: care about the sausage. 157 00:08:01,480 --> 00:08:05,360 Speaker 2: Yeah, so Sean wins. And it wasn't just for brevity, 158 00:08:05,440 --> 00:08:10,640 Speaker 2: but the actual statements of facts here, ten years of 159 00:08:10,680 --> 00:08:14,120 Speaker 2: deficits ahead, but all of the economic conditions actually really good. 160 00:08:14,240 --> 00:08:18,640 Speaker 3: I feel like a auto manufacturer in the US. 161 00:08:20,160 --> 00:08:22,920 Speaker 2: Not asking for tariffs and they're getting tariffs. 162 00:08:22,600 --> 00:08:26,280 Speaker 3: Getting tariffs, and we don't want, I don't want. 163 00:08:26,840 --> 00:08:29,400 Speaker 1: Did I do such a bad job of articulating that 164 00:08:29,400 --> 00:08:30,240 Speaker 1: that Sean won. 165 00:08:30,320 --> 00:08:31,920 Speaker 2: Yeah you did. 166 00:08:33,200 --> 00:08:36,000 Speaker 3: But also much reflection on Michael. 167 00:08:36,960 --> 00:08:40,640 Speaker 2: Is also economic scoreboard. It actually, in many ways is remarkable. 168 00:08:40,800 --> 00:08:43,160 Speaker 2: I know that's another category, but the fact that we've 169 00:08:43,160 --> 00:08:46,520 Speaker 2: got relatively low inflation, extremely low on employment, we're getting 170 00:08:46,559 --> 00:08:48,720 Speaker 2: some growth, and we are getting interest rates coming down. 171 00:08:48,800 --> 00:08:53,000 Speaker 1: It's an incredible set of stats. What's not incredible is 172 00:08:53,000 --> 00:08:53,600 Speaker 1: that judgment. 173 00:08:54,760 --> 00:08:58,959 Speaker 3: No, no, that is that is an incredible judgment. 174 00:08:58,920 --> 00:09:03,160 Speaker 1: And incredibly just Oh, you know what, if we weren't 175 00:09:03,200 --> 00:09:06,960 Speaker 1: only ten minutes one story, if we were towards the 176 00:09:07,080 --> 00:09:08,800 Speaker 1: end through the dummy. 177 00:09:08,480 --> 00:09:09,120 Speaker 3: You'd walk out. 178 00:09:09,200 --> 00:09:10,280 Speaker 1: I would probably walk out. 179 00:09:10,440 --> 00:09:12,880 Speaker 2: Squirrel, dummy, spit squirrel. 180 00:09:12,920 --> 00:09:13,319 Speaker 3: Guys. 181 00:09:13,440 --> 00:09:16,240 Speaker 1: Shall we move on to the next story? And Sean 182 00:09:16,679 --> 00:09:18,920 Speaker 1: has requested a change for this week. 183 00:09:19,400 --> 00:09:20,520 Speaker 2: He wants to change the one. 184 00:09:20,600 --> 00:09:23,360 Speaker 1: He wants to change the order just for this one, okay, 185 00:09:23,440 --> 00:09:26,680 Speaker 1: for reasons it will later become apparent. And he wants 186 00:09:26,679 --> 00:09:30,960 Speaker 1: to do the mystery category now, which I'm very comfortable with. 187 00:09:31,040 --> 00:09:32,280 Speaker 1: As you can see, I love change. 188 00:09:34,720 --> 00:09:36,280 Speaker 3: When I asked Michael, I said, do you mind if 189 00:09:36,280 --> 00:09:38,480 Speaker 3: you did the mystery category second? And he was at 190 00:09:38,480 --> 00:09:44,760 Speaker 3: his keyboard and he's like, what, Oh, does it really matter? 191 00:09:44,880 --> 00:09:47,199 Speaker 1: It does because consistency is key. 192 00:09:47,760 --> 00:09:49,720 Speaker 3: It's like explained why it needed to change. 193 00:09:49,720 --> 00:09:54,120 Speaker 1: He goes, oh, I like, I suppose that's okay, only 194 00:09:54,160 --> 00:09:57,280 Speaker 1: because I'm like, I just didn't have it in me 195 00:09:57,360 --> 00:10:00,200 Speaker 1: to fight. And then I've come in here and I 196 00:10:00,200 --> 00:10:02,720 Speaker 1: brought that same energy in I need to fire up 197 00:10:02,760 --> 00:10:07,280 Speaker 1: a bit. So our mystery category this week it is 198 00:10:08,120 --> 00:10:11,360 Speaker 1: sounds like fiction. These are stories that feel like they 199 00:10:11,360 --> 00:10:14,160 Speaker 1: have been made up, and they have not. They really 200 00:10:14,400 --> 00:10:16,920 Speaker 1: took place this week. 201 00:10:17,120 --> 00:10:18,520 Speaker 2: So truth is stranger? 202 00:10:18,600 --> 00:10:21,200 Speaker 1: Then, O god, let's do this, shall we. 203 00:10:21,400 --> 00:10:22,600 Speaker 3: I'll go first in this one. 204 00:10:22,760 --> 00:10:23,040 Speaker 1: Okay. 205 00:10:23,080 --> 00:10:24,959 Speaker 3: Do you think you're a Game of Thrones fan? 206 00:10:25,400 --> 00:10:25,760 Speaker 2: Yes? 207 00:10:26,000 --> 00:10:30,080 Speaker 3: Do you remember when Denarius admit Drogo. 208 00:10:29,800 --> 00:10:33,359 Speaker 2: Was at his name to cow like the pronunciation. 209 00:10:34,960 --> 00:10:39,839 Speaker 1: Did you watch a year ago? There's a strong start. 210 00:10:40,120 --> 00:10:47,360 Speaker 3: A few scenes Denaris and Drogo, drug drug d Denaris 211 00:10:47,360 --> 00:10:50,280 Speaker 3: and Dragon. What I remember most about the little bits 212 00:10:50,280 --> 00:10:53,839 Speaker 3: that I saw the scene that I remember Denaris had 213 00:10:53,840 --> 00:10:59,559 Speaker 3: a brother, a blondeheaded guy who was money hungry, and 214 00:11:00,080 --> 00:11:03,640 Speaker 3: in this scene he goes up to Drogo and says, 215 00:11:04,160 --> 00:11:07,360 Speaker 3: all this gold, this is wonderful, wonderful. You know, we 216 00:11:07,480 --> 00:11:09,160 Speaker 3: want the gold, and he was going to rip off 217 00:11:09,320 --> 00:11:12,720 Speaker 3: Drogo and He's team. Do you remember what Drogo did? 218 00:11:13,600 --> 00:11:17,520 Speaker 3: They boiled the gold and he went and said you 219 00:11:17,640 --> 00:11:22,080 Speaker 3: need a crown of gold and tipped the gold over. 220 00:11:22,160 --> 00:11:24,920 Speaker 3: This guy his name now forgotten because you know, when 221 00:11:24,920 --> 00:11:26,559 Speaker 3: you know one member of that family, you only want 222 00:11:26,559 --> 00:11:29,599 Speaker 3: to know his life. At that point, he died and 223 00:11:29,679 --> 00:11:32,120 Speaker 3: he had a golden crown, and that was a moment 224 00:11:32,400 --> 00:11:34,800 Speaker 3: Denaris fell in love with Drago. As far as I'm 225 00:11:34,800 --> 00:11:42,040 Speaker 3: concerned where I'm going with this, that was that was fiction, right, 226 00:11:43,160 --> 00:11:44,880 Speaker 3: just like what's going on in the gold sector at 227 00:11:44,880 --> 00:11:55,520 Speaker 3: the moment, it is fictional. He take over A very 228 00:11:55,559 --> 00:12:00,559 Speaker 3: good point the take over activity in gold is we 229 00:12:00,679 --> 00:12:02,840 Speaker 3: had a new record higher price of goal. But how 230 00:12:02,880 --> 00:12:07,120 Speaker 3: about this? So ASX listed gold Road rejected a three 231 00:12:07,120 --> 00:12:10,680 Speaker 3: point three billion dollar bid from South African based gold Fields. 232 00:12:11,120 --> 00:12:14,960 Speaker 3: So gold Road said, noted gold Fields gold Fields wants 233 00:12:15,000 --> 00:12:18,079 Speaker 3: to buy gold Road to take full control over a 234 00:12:18,160 --> 00:12:20,559 Speaker 3: joint venture they've got in Western Australia, your home state. 235 00:12:21,600 --> 00:12:23,400 Speaker 3: Funny thing is gold Road has said no, but wants 236 00:12:23,440 --> 00:12:25,280 Speaker 3: to buy gold Fields out of the jav right, So 237 00:12:25,600 --> 00:12:29,520 Speaker 3: totally confusing. This is happening as Northern Star bids for 238 00:12:29,600 --> 00:12:32,760 Speaker 3: de Gray Mining. Two more gold companies. What gets a 239 00:12:32,800 --> 00:12:36,680 Speaker 3: bit complicated, I suppose is that gold Road owns seventeen 240 00:12:36,800 --> 00:12:41,480 Speaker 3: percent of De Gray. Now we've got gold Road, gold Fields, 241 00:12:41,600 --> 00:12:44,120 Speaker 3: Northern Star De Gray, you know. In the background, of course, 242 00:12:44,120 --> 00:12:47,319 Speaker 3: we've got Spartan Resources and a Remaliaus Resources having four 243 00:12:47,360 --> 00:12:51,199 Speaker 3: point two billion dollar merger. So we have what is 244 00:12:51,240 --> 00:12:52,679 Speaker 3: strange in fiction? Is it? Right? 245 00:12:52,800 --> 00:12:52,959 Speaker 1: Now? 246 00:12:54,040 --> 00:12:58,959 Speaker 3: We have six gold companies in play, five of them 247 00:12:59,400 --> 00:13:03,480 Speaker 3: listed here, one listed over there that just doesn't. 248 00:13:03,200 --> 00:13:05,280 Speaker 2: Happen with an incredible gold price, and. 249 00:13:05,800 --> 00:13:08,160 Speaker 3: Yeah, at the end of the day, well over three 250 00:13:08,200 --> 00:13:12,319 Speaker 3: thousand bucks an ounce. It's stranger than fiction. It is 251 00:13:12,640 --> 00:13:16,679 Speaker 3: a little bit like Denarious and drug or Drogo or 252 00:13:16,679 --> 00:13:20,520 Speaker 3: whatever his name is, Nanarius. Ever since she walked out 253 00:13:20,520 --> 00:13:22,559 Speaker 3: of the fire carrying those drag and eggs, I just 254 00:13:22,640 --> 00:13:23,720 Speaker 3: can't think of anything else. 255 00:13:24,200 --> 00:13:27,079 Speaker 2: Oh no, that's true, that was true. That happened. 256 00:13:27,120 --> 00:13:30,400 Speaker 3: Okay, what is strange that fiction is the goal? Carry on? 257 00:13:30,480 --> 00:13:31,920 Speaker 3: That's going on? Michael over the year? 258 00:13:32,400 --> 00:13:35,239 Speaker 1: I know this like the sheer hypocrisy of me criticizing 259 00:13:35,280 --> 00:13:38,040 Speaker 1: your stories for being too long. It was a good 260 00:13:38,120 --> 00:13:41,199 Speaker 1: story though it had a lot of substance. I just 261 00:13:41,320 --> 00:13:44,839 Speaker 1: love you. Starting the Game of Thrones references with mispronunciations 262 00:13:44,880 --> 00:13:47,400 Speaker 1: all over the clearly a big thing. 263 00:13:47,600 --> 00:13:48,480 Speaker 3: So what does it pronounce it? 264 00:13:48,760 --> 00:13:57,559 Speaker 4: Denarious, Denaris, Denarius, denarios, denaries, tugger, It's like k A 265 00:13:57,840 --> 00:14:00,600 Speaker 4: h L khl drogo and dens. 266 00:14:01,040 --> 00:14:01,240 Speaker 1: Yeah. 267 00:14:02,040 --> 00:14:07,840 Speaker 3: What was the brother's name, Steve Squirrel? 268 00:14:07,920 --> 00:14:10,720 Speaker 1: Good work anyway? All right, look for me, My story 269 00:14:11,000 --> 00:14:14,480 Speaker 1: has everything right. It sounds like an episode of kind 270 00:14:14,520 --> 00:14:18,720 Speaker 1: of House of Cards or The West Wing, except except 271 00:14:19,280 --> 00:14:22,160 Speaker 1: it would have to be satire. Right. We had a 272 00:14:22,280 --> 00:14:26,840 Speaker 1: group of very very very high ranking individuals in a 273 00:14:27,000 --> 00:14:31,320 Speaker 1: secure signal chat, which is a like a an encrypt 274 00:14:31,400 --> 00:14:33,800 Speaker 1: like it's encrypted, isn't it. It's like WhatsApp but encrypted 275 00:14:33,920 --> 00:14:35,960 Speaker 1: for it is actually fairly secure. 276 00:14:36,320 --> 00:14:36,560 Speaker 3: It is. 277 00:14:37,000 --> 00:14:38,880 Speaker 1: Yeah, it's not something that someone's going to break into. 278 00:14:42,280 --> 00:14:44,000 Speaker 1: And so this was and they were talking about the 279 00:14:44,040 --> 00:14:47,640 Speaker 1: plans to attack hoothy militants in Yemen, right, and you 280 00:14:47,720 --> 00:14:50,920 Speaker 1: had Vice President US Vice President JD. Vance. You had 281 00:14:51,320 --> 00:14:53,800 Speaker 1: just to give you an idea of just the caliber 282 00:14:53,880 --> 00:14:56,880 Speaker 1: of people. There's a high ranking cis. Caliber is the 283 00:14:56,920 --> 00:14:59,360 Speaker 1: wrong word. I know what you're going to say, the 284 00:14:59,800 --> 00:15:04,840 Speaker 1: rank king. Okay, Defense Secretary Pete Hegserth, National Security Advisor 285 00:15:04,880 --> 00:15:08,200 Speaker 1: Michael Waltz, the Secretary of State, Marco Rubio, the White 286 00:15:08,240 --> 00:15:11,000 Speaker 1: House chief of Staff. Right, these people were all. 287 00:15:11,160 --> 00:15:11,760 Speaker 2: In this chat. 288 00:15:11,880 --> 00:15:15,560 Speaker 1: And added to the chat without anybody realizing was the 289 00:15:15,720 --> 00:15:21,800 Speaker 1: editor of the Atlantic magazine Whoops. Who just watches as 290 00:15:21,880 --> 00:15:26,640 Speaker 1: this high powered group discusses the plans, then gave live 291 00:15:26,760 --> 00:15:30,080 Speaker 1: updates on the attacks, then discussed the success of the 292 00:15:30,160 --> 00:15:33,640 Speaker 1: attack afterwards, and then he reported what happened? 293 00:15:33,760 --> 00:15:35,480 Speaker 3: Did you see did you read the report? 294 00:15:35,640 --> 00:15:35,800 Speaker 5: Yeah? 295 00:15:35,920 --> 00:15:39,800 Speaker 3: What was fantastic the way he wrote it. He didn't 296 00:15:39,800 --> 00:15:42,080 Speaker 3: even believe what he was writing. Yeah, so we're saying 297 00:15:42,160 --> 00:15:45,200 Speaker 3: so someone who purported to be yeah, JdE Evans, the 298 00:15:45,320 --> 00:15:47,440 Speaker 3: Vice President said, and then someone and. 299 00:15:47,520 --> 00:15:50,360 Speaker 1: Then it was only the case that what they had 300 00:15:50,400 --> 00:15:52,560 Speaker 1: said in the chat was going to happen did happen, 301 00:15:52,880 --> 00:15:56,280 Speaker 1: And it's I'm like, oh, hang on, this is jit, 302 00:15:56,480 --> 00:15:59,280 Speaker 1: this is actually real here and then he reported what happened. 303 00:15:59,640 --> 00:16:02,560 Speaker 1: The recent sponse of the White House was quite incredible 304 00:16:02,600 --> 00:16:07,360 Speaker 1: to They first denied, then they tried to discredit, then 305 00:16:07,440 --> 00:16:09,760 Speaker 1: they acknowledged it and said it wasn't actually that big 306 00:16:09,800 --> 00:16:13,960 Speaker 1: a deal and it wasn't classified not classified information. There 307 00:16:14,000 --> 00:16:16,040 Speaker 1: have been plenty of people that have come out afterwards 308 00:16:16,080 --> 00:16:20,040 Speaker 1: and said, well, actually, what was discussed there was clearly 309 00:16:20,200 --> 00:16:21,880 Speaker 1: clearly classified. 310 00:16:22,000 --> 00:16:26,080 Speaker 3: The timing of the strike, what type of weaponry. Yeah, yeah, 311 00:16:26,120 --> 00:16:26,680 Speaker 3: I don't know. 312 00:16:27,400 --> 00:16:30,840 Speaker 1: It is a big deal. It is a massive security breach. 313 00:16:30,920 --> 00:16:33,400 Speaker 1: And it wasn't the journalist in this case doing the 314 00:16:33,440 --> 00:16:36,000 Speaker 1: wrong thing. They didn't break into The journalists did the 315 00:16:36,120 --> 00:16:39,840 Speaker 1: right thing. Oh, they to me reported it very very 316 00:16:40,080 --> 00:16:43,040 Speaker 1: very responsibly, not kind of putting anyone at risk, waiting 317 00:16:43,120 --> 00:16:45,440 Speaker 1: until after it had all taken place, making sure that 318 00:16:45,520 --> 00:16:47,920 Speaker 1: it was all legitimate, and then reporting it like it 319 00:16:48,040 --> 00:16:50,200 Speaker 1: is a masterclass in kind of journalism. 320 00:16:50,280 --> 00:16:50,560 Speaker 3: I think. 321 00:16:50,720 --> 00:16:53,720 Speaker 1: So as far as this goes, it is a gift 322 00:16:54,400 --> 00:16:57,280 Speaker 1: falling in the lap of the Atlantic, right, whose star 323 00:16:57,480 --> 00:16:58,520 Speaker 1: is absolutely rising. 324 00:16:59,000 --> 00:17:02,720 Speaker 3: It's not because Trump said the Atlantic gets a fooding magazine. 325 00:17:02,920 --> 00:17:03,840 Speaker 3: No one reads it anymore. 326 00:17:06,359 --> 00:17:09,399 Speaker 1: It just has the complete opposite effect, doesn't. Subscriptions went up, 327 00:17:10,160 --> 00:17:12,159 Speaker 1: And I mean, obviously the Atlantic has been doing a 328 00:17:12,240 --> 00:17:15,160 Speaker 1: lot of great work on this and the fantastic story, 329 00:17:15,200 --> 00:17:19,280 Speaker 1: the story on meta pirating books that are still quite smart. 330 00:17:20,680 --> 00:17:22,720 Speaker 3: They actually had a story this week on James Murdoch, 331 00:17:23,720 --> 00:17:26,520 Speaker 3: the best stories I've ever read on the Murdoch family. 332 00:17:26,840 --> 00:17:30,119 Speaker 3: So James Murdoch for the first time has spoken about 333 00:17:30,400 --> 00:17:35,359 Speaker 3: his relationship with his father and siblings, and it is fantastic. 334 00:17:35,840 --> 00:17:37,280 Speaker 2: Post that court case too. 335 00:17:38,760 --> 00:17:41,400 Speaker 1: There's some really good stuff to read at the moment, 336 00:17:41,440 --> 00:17:43,320 Speaker 1: like between that and The New Yorker and a bunch 337 00:17:43,359 --> 00:17:45,320 Speaker 1: of other things, Like there is just some really good 338 00:17:45,400 --> 00:17:47,320 Speaker 1: long form articles out there. 339 00:17:48,040 --> 00:17:50,800 Speaker 2: It's just being pretty good material around at the moment too. 340 00:17:52,119 --> 00:17:54,280 Speaker 1: Yeah, that's a good point. Actually, yes, there's plenty of 341 00:17:54,760 --> 00:17:57,840 Speaker 1: what's strange than fiction, so the whole kind of being added. 342 00:17:58,480 --> 00:18:01,320 Speaker 6: Sorry, I just actually forgot what we were doing the podcast, 343 00:18:01,440 --> 00:18:05,160 Speaker 6: and my word is going on. It's a good story 344 00:18:05,200 --> 00:18:08,520 Speaker 6: that you have spent half the time talking, so don't 345 00:18:08,600 --> 00:18:09,600 Speaker 6: you be the winder. 346 00:18:11,520 --> 00:18:14,480 Speaker 1: Sorry, Look, this is what do you make of If 347 00:18:14,560 --> 00:18:19,040 Speaker 1: you wrote this story, it would sound too ridiculous even 348 00:18:19,080 --> 00:18:22,159 Speaker 1: for an episode of The West Wing, but it actually happened, 349 00:18:22,280 --> 00:18:25,520 Speaker 1: which makes it remarkable and incredible as potentially the biggest 350 00:18:25,520 --> 00:18:27,920 Speaker 1: story of the week as well. If I can re 351 00:18:28,080 --> 00:18:30,840 Speaker 1: submit a new considering the travesty that took place earlier, 352 00:18:31,280 --> 00:18:32,520 Speaker 1: there we go. What do you reckon? 353 00:18:32,600 --> 00:18:34,119 Speaker 3: Sounds like fiction? That's a category. 354 00:18:34,240 --> 00:18:37,320 Speaker 2: Yeah, I think Michael's story does sound more like fiction. 355 00:18:37,440 --> 00:18:39,240 Speaker 2: I think he has to win this one. The goal 356 00:18:39,320 --> 00:18:41,600 Speaker 2: price is incredible and the Game of Thrones, as you 357 00:18:41,760 --> 00:18:43,919 Speaker 2: put it on, remarkable. 358 00:18:45,480 --> 00:18:47,760 Speaker 3: Today. I had no chance in that category because Michael's 359 00:18:47,760 --> 00:18:52,640 Speaker 3: story the most incredible story. We beat it using Carl Frogo. 360 00:19:00,359 --> 00:19:03,680 Speaker 1: Okay, so that's one, all seamless analogy one. All okay, 361 00:19:03,760 --> 00:19:06,520 Speaker 1: We'll take a quick break and we'll come back. I'm 362 00:19:06,600 --> 00:19:17,240 Speaker 1: comfortably with the most remarkable story of the week. All right, Sean, 363 00:19:17,320 --> 00:19:20,240 Speaker 1: we are looking now for we should be looking for 364 00:19:20,320 --> 00:19:22,760 Speaker 1: the mystery category or the sleeper story. But because you 365 00:19:22,880 --> 00:19:25,359 Speaker 1: have requested to change the order, which I'm fine with. 366 00:19:25,640 --> 00:19:26,240 Speaker 2: Change is good. 367 00:19:26,840 --> 00:19:30,080 Speaker 1: Change is not good. Change has never helped anyone. We 368 00:19:30,200 --> 00:19:32,440 Speaker 1: are doing now the most remarkable category. So I go 369 00:19:32,560 --> 00:19:34,479 Speaker 1: first on the show. But I'll do it fast, very 370 00:19:34,560 --> 00:19:39,320 Speaker 1: very very very quickly. Unlikely well eat it us Vice 371 00:19:39,359 --> 00:19:41,200 Speaker 1: President Jad Evans, and I didn't mean to be too 372 00:19:41,320 --> 00:19:43,879 Speaker 1: kind of us political kind of Here we go again. 373 00:19:44,160 --> 00:19:46,399 Speaker 1: It's just as Adam pointed out before, there is a 374 00:19:46,480 --> 00:19:49,840 Speaker 1: lot of material at the moment. Yeah, but JD's off 375 00:19:49,880 --> 00:19:55,480 Speaker 1: to Greenland, which is not in itself remarkable. What is 376 00:19:55,560 --> 00:19:57,800 Speaker 1: remarkable is the fact that he was not supposed to 377 00:19:57,880 --> 00:20:00,200 Speaker 1: be going it is supposed to be his wife. 378 00:20:01,840 --> 00:20:08,000 Speaker 3: Usher, Yes, yes, usher Y, Yeah, she likes Game of Thrones. 379 00:20:08,080 --> 00:20:10,919 Speaker 3: To Usher, you are not in. 380 00:20:10,960 --> 00:20:15,280 Speaker 1: A position to criticize anyone's pronunciations of anyone. Squirrel. Sorry, 381 00:20:16,119 --> 00:20:18,919 Speaker 1: there was supposed to be Usher and National Security Advisor 382 00:20:18,960 --> 00:20:21,960 Speaker 1: Michael Waltz, he of the signal chat. But suddenly j 383 00:20:22,080 --> 00:20:26,359 Speaker 1: D himself, the Big Number two is handling this trip. 384 00:20:27,240 --> 00:20:30,800 Speaker 1: Is the vice president is the big the Big number 385 00:20:30,840 --> 00:20:36,480 Speaker 1: two anyway? President Donald Trump obviously background wants the semi 386 00:20:36,600 --> 00:20:40,680 Speaker 1: autonomous territory for the US. Denmark, which currently is the 387 00:20:40,760 --> 00:20:42,600 Speaker 1: one that kind of owns it, doesn't want a bar 388 00:20:42,680 --> 00:20:44,680 Speaker 1: of it. It seems like most residents of Greenland don't 389 00:20:44,680 --> 00:20:47,920 Speaker 1: really want that either. What is really cool about this 390 00:20:48,240 --> 00:20:50,320 Speaker 1: is that the fact that they have a and you 391 00:20:50,400 --> 00:20:52,199 Speaker 1: watch the video he put out. JD Events put out 392 00:20:52,200 --> 00:20:54,720 Speaker 1: a minute long video on YouTube announcing the fact that 393 00:20:54,760 --> 00:20:56,639 Speaker 1: he was going and he's talking about him and a 394 00:20:56,720 --> 00:20:59,639 Speaker 1: visit the Space Force space. Just the fact that they 395 00:20:59,640 --> 00:21:02,879 Speaker 1: even had a Space force, right, which is responsible for 396 00:21:03,000 --> 00:21:05,880 Speaker 1: kind of monitoring missile launchers and also monitoring what's going 397 00:21:05,920 --> 00:21:08,800 Speaker 1: on in space. From a funny word, space force, space 398 00:21:08,920 --> 00:21:12,280 Speaker 1: force anyway, Space Force they've got one hundred and fifty 399 00:21:12,320 --> 00:21:14,720 Speaker 1: personnel there. So the US does have this presence there. 400 00:21:14,720 --> 00:21:17,879 Speaker 1: They do missile defense, they do space surveillance, and you've 401 00:21:17,920 --> 00:21:20,040 Speaker 1: got kind of JD. Evans posting this video on x 402 00:21:20,119 --> 00:21:22,960 Speaker 1: talking about how he's going to quote check out what's 403 00:21:23,000 --> 00:21:26,320 Speaker 1: going on with the security there, just going to wander 404 00:21:26,320 --> 00:21:29,400 Speaker 1: around a poger with a stick. Just check the security guards. 405 00:21:29,640 --> 00:21:33,239 Speaker 1: You're awake, brother. Remember this is the Bolk, though, who 406 00:21:33,320 --> 00:21:37,639 Speaker 1: waded into European and German domestic politics, like with that 407 00:21:37,840 --> 00:21:40,680 Speaker 1: speech where he just got everyone off side and saying 408 00:21:40,680 --> 00:21:44,440 Speaker 1: that Germans need to kind of engage with the far 409 00:21:44,600 --> 00:21:47,080 Speaker 1: right groups and all of this, and he is not 410 00:21:47,320 --> 00:21:50,440 Speaker 1: someone who is worried about ruffling feathers. He did the 411 00:21:50,480 --> 00:21:52,760 Speaker 1: same with a lot of Minzelenski in the White House, 412 00:21:53,240 --> 00:21:56,000 Speaker 1: in the Oval Office, when just kind of he is 413 00:21:56,080 --> 00:21:59,159 Speaker 1: happy to be the attack dog, really to go in 414 00:21:59,240 --> 00:22:02,440 Speaker 1: there and really stir things up. So it is pretty 415 00:22:02,480 --> 00:22:06,919 Speaker 1: remarkable watching the president's kind of he is the attack 416 00:22:07,000 --> 00:22:07,920 Speaker 1: do it really isn't he? 417 00:22:08,080 --> 00:22:10,720 Speaker 3: Which I don't think it's not disrespectful to say that, 418 00:22:10,880 --> 00:22:16,879 Speaker 3: because it's definitely not disrespectful. The whole imperialism things he 419 00:22:17,040 --> 00:22:20,840 Speaker 3: seems to be the person who's pushing that for Trump. 420 00:22:21,480 --> 00:22:26,920 Speaker 2: That's Oval Office meeting with Zelenski and Trump was demonstraive visceral. 421 00:22:27,080 --> 00:22:28,640 Speaker 2: You know, in terms of how he plays his role. 422 00:22:29,800 --> 00:22:33,760 Speaker 1: How much I love the words that you use, visceral, demonstrative, visceral. 423 00:22:34,280 --> 00:22:39,919 Speaker 1: It's just like chanting a word. That's nice. But anyway, 424 00:22:40,240 --> 00:22:42,920 Speaker 1: Jade Evance is going after Greenland in for a froster 425 00:22:43,040 --> 00:22:47,960 Speaker 1: reception and he doesn't give a hoot. I love that bit. Yeah, 426 00:22:48,200 --> 00:22:49,720 Speaker 1: we got Adam talking about visceral. 427 00:22:50,760 --> 00:22:53,560 Speaker 3: Okay, So the remarkable part of that is that he's going. 428 00:22:53,760 --> 00:22:56,320 Speaker 1: Yeah, that he's going. It wasn't supposed to be him. 429 00:22:56,359 --> 00:23:00,879 Speaker 1: He's going, which means he's going to stir something up 430 00:23:01,200 --> 00:23:01,600 Speaker 1: the pot. 431 00:23:01,960 --> 00:23:04,920 Speaker 3: Yes, do they put security so JD and you should 432 00:23:05,080 --> 00:23:07,800 Speaker 3: go along. And they just arrived at the airport, get off, 433 00:23:07,920 --> 00:23:09,159 Speaker 3: go through customs themselves, like. 434 00:23:09,320 --> 00:23:12,680 Speaker 2: Well I look around, yeah about the security. 435 00:23:12,359 --> 00:23:15,080 Speaker 1: So be checking right from the start to customs checking 436 00:23:15,119 --> 00:23:18,200 Speaker 1: the X ray machines. I planted something in that bag 437 00:23:18,280 --> 00:23:21,040 Speaker 1: and you didn't notice it, noted putting it on his 438 00:23:21,119 --> 00:23:22,120 Speaker 1: clip pail. Yep. 439 00:23:22,600 --> 00:23:23,159 Speaker 2: What did you like? 440 00:23:23,240 --> 00:23:24,680 Speaker 1: What was your most remarkable story? 441 00:23:24,720 --> 00:23:25,000 Speaker 2: Sean? 442 00:23:26,400 --> 00:23:33,000 Speaker 3: The incredible shrinking ASEX. This week we had building Materials 443 00:23:33,040 --> 00:23:35,560 Speaker 3: Group James Hardy making a fourteen billion at dollar bid 444 00:23:35,600 --> 00:23:38,200 Speaker 3: for US crowd ASEK. They want to shift to the 445 00:23:38,280 --> 00:23:41,600 Speaker 3: New York Stock Exchange. We had Coast, the US based 446 00:23:41,720 --> 00:23:44,879 Speaker 3: Coast upping its offer for domain. That one will go 447 00:23:44,960 --> 00:23:48,119 Speaker 3: ahead nine or give in to that nine sixty percent 448 00:23:48,280 --> 00:23:51,080 Speaker 3: of domain. They will say yes to that one. There's 449 00:23:51,119 --> 00:23:53,760 Speaker 3: also a bunch of deals in the gold sector. Would 450 00:23:53,760 --> 00:23:55,520 Speaker 3: you like me to go through them again? No need, 451 00:23:55,960 --> 00:23:59,760 Speaker 3: I think we got that for these deals go ahead? 452 00:24:00,040 --> 00:24:01,480 Speaker 1: And is that why we had to do this? Is 453 00:24:01,560 --> 00:24:03,960 Speaker 1: this why you wanted to go first? Yeah, so just 454 00:24:04,040 --> 00:24:06,720 Speaker 1: for that one little reference to gold, you have caused 455 00:24:06,800 --> 00:24:09,520 Speaker 1: me extreme discomfort by shifting the order of things. 456 00:24:10,400 --> 00:24:15,000 Speaker 3: It's only one small reference that makes the discomfort on 457 00:24:15,080 --> 00:24:19,920 Speaker 3: squirrel even he is like a squirrel without his nuts 458 00:24:20,080 --> 00:24:22,119 Speaker 3: at the moment the eating. 459 00:24:22,640 --> 00:24:22,879 Speaker 2: Thank you. 460 00:24:23,359 --> 00:24:27,920 Speaker 1: Thank you for clarifying and actually miming it as well. Yeah, 461 00:24:29,800 --> 00:24:32,280 Speaker 1: it was the worst part. And I'm hoping that Toto 462 00:24:32,400 --> 00:24:33,680 Speaker 1: caught that on camera back. 463 00:24:33,480 --> 00:24:40,080 Speaker 3: To back to focus so as could before significant names 464 00:24:40,240 --> 00:24:43,080 Speaker 3: leading leaving the ASEX Star and Entertainment. Who knows whereout 465 00:24:43,080 --> 00:24:45,159 Speaker 3: a lamp perpetual that seems to be under constant m 466 00:24:45,240 --> 00:24:49,440 Speaker 3: and a speculation. Thirty companies have been delisted from the 467 00:24:49,480 --> 00:24:53,000 Speaker 3: ASEX this year. Now mostly they're tiny, but it includes 468 00:24:53,040 --> 00:24:56,200 Speaker 3: asx two hundred companies like Arcadian Lithium Silver Medals Group. 469 00:24:56,760 --> 00:24:59,000 Speaker 3: The exception to the rule this year, we think will 470 00:24:59,040 --> 00:25:02,640 Speaker 3: be Virgin Australia that will come on really big companies 471 00:25:02,720 --> 00:25:06,560 Speaker 3: like can Air Wallas. If they list, they'll be off shore. 472 00:25:07,160 --> 00:25:11,800 Speaker 3: It is a massive problem because where do the super 473 00:25:11,880 --> 00:25:14,080 Speaker 3: funds put their money. If they're just going to throw 474 00:25:14,119 --> 00:25:16,439 Speaker 3: it into Australian equities, you're going to get inflated prices, 475 00:25:16,520 --> 00:25:18,399 Speaker 3: so it's not going to be a very value market 476 00:25:18,520 --> 00:25:22,800 Speaker 3: at all. You need a buoyant AX to keep the 477 00:25:22,880 --> 00:25:27,960 Speaker 3: economy going. It just can't afford to keep losing listings. 478 00:25:28,200 --> 00:25:31,920 Speaker 3: So most remarkable story for mine are the number of 479 00:25:32,080 --> 00:25:36,480 Speaker 3: companies leaving the AX. That one actually matters as opposed 480 00:25:36,520 --> 00:25:38,360 Speaker 3: to this garbage about Greenland. 481 00:25:38,480 --> 00:25:41,960 Speaker 1: No, it's a good story, but it's most remarkable. That's 482 00:25:42,000 --> 00:25:42,600 Speaker 1: what we're like. 483 00:25:42,680 --> 00:25:45,760 Speaker 3: The remarkable you're sexiest story, no doubt about it. But 484 00:25:45,880 --> 00:25:52,360 Speaker 3: in terms of remarkability, because imagine shade events poking security 485 00:25:52,400 --> 00:25:54,200 Speaker 3: guards with the stick to make sure they're awake. 486 00:25:55,400 --> 00:25:56,000 Speaker 1: You on duty. 487 00:25:56,480 --> 00:26:01,760 Speaker 2: So I'm going to focus on this week, and Michael 488 00:26:01,840 --> 00:26:08,000 Speaker 2: has to win because it is so remarkable to me 489 00:26:08,560 --> 00:26:11,399 Speaker 2: the way that international diplomacy has changed. 490 00:26:12,880 --> 00:26:14,280 Speaker 3: Back up, mate, back up here. 491 00:26:14,400 --> 00:26:14,679 Speaker 2: I'm not. 492 00:26:16,440 --> 00:26:20,280 Speaker 3: A damn ski. Let's focus on this week. It's most 493 00:26:20,400 --> 00:26:24,760 Speaker 3: remarkable had diplomacy has changed over the last months. There's 494 00:26:24,960 --> 00:26:28,600 Speaker 3: a slight inconsistency, mate, I have. 495 00:26:28,640 --> 00:26:32,000 Speaker 2: A story of incrementalism significantly lifted this week. 496 00:26:32,480 --> 00:26:34,760 Speaker 1: Panealizing the disrespect to the judge. 497 00:26:34,960 --> 00:26:37,800 Speaker 2: No, I welcome. It got to be under scrutiny. 498 00:26:38,800 --> 00:26:41,520 Speaker 3: Look, if you hadn't done such a dud decision on 499 00:26:41,560 --> 00:26:44,280 Speaker 3: the first one you gave it to me, I'd be upset. 500 00:26:44,600 --> 00:26:49,239 Speaker 3: But it's like, that's right. I just love how who 501 00:26:49,280 --> 00:26:51,600 Speaker 3: won the second category? I did? What was that about 502 00:26:51,600 --> 00:26:54,040 Speaker 3: the Oh yeah, you deserve to win that So that's 503 00:26:54,040 --> 00:26:57,399 Speaker 3: fair enough. But like, I mean, the point is, two 504 00:26:57,480 --> 00:27:00,199 Speaker 3: out of three your decisions have been duds so far. 505 00:27:01,800 --> 00:27:02,480 Speaker 2: When's your way? 506 00:27:02,560 --> 00:27:06,439 Speaker 1: One didn't but Adam just don't. That's great, all right? 507 00:27:06,600 --> 00:27:09,000 Speaker 2: Last one struggle for perfection? I never get there. 508 00:27:09,359 --> 00:27:11,120 Speaker 1: Do you like the way we're quite? 509 00:27:11,200 --> 00:27:14,280 Speaker 3: So we talked over Adam. He was about to give 510 00:27:14,320 --> 00:27:17,320 Speaker 3: it his reasoning, it just jumped in. Off we go. 511 00:27:17,640 --> 00:27:19,720 Speaker 1: Let's go all right, last one. We are running out 512 00:27:19,760 --> 00:27:23,080 Speaker 1: of time. Favorite story? Would you like to go first 513 00:27:23,520 --> 00:27:24,120 Speaker 1: with this one? 514 00:27:24,359 --> 00:27:26,720 Speaker 3: I like the fact that Apple is updated It's max 515 00:27:26,800 --> 00:27:32,439 Speaker 3: app to display traditional Aboriginal names for places across the country. 516 00:27:33,080 --> 00:27:36,320 Speaker 3: Quanus does that or was he post does that? Apple 517 00:27:36,400 --> 00:27:39,000 Speaker 3: does it overseas they're doing in New Zealand, they're doing 518 00:27:39,040 --> 00:27:42,280 Speaker 3: it in Australia. I just think that the idea of 519 00:27:42,359 --> 00:27:45,200 Speaker 3: getting over the whole Anglo Australia, I think is a 520 00:27:45,280 --> 00:27:50,000 Speaker 3: great idea and so acknowledging in a simple way the 521 00:27:50,080 --> 00:27:53,560 Speaker 3: fact that we are a country with sixty thousand years 522 00:27:53,600 --> 00:27:57,320 Speaker 3: of continuous habitat is a wonderful thing. Apple's work with 523 00:27:57,359 --> 00:28:01,119 Speaker 3: indigenous advisors, cartographers, traditional learners, languag told those community members, 524 00:28:01,200 --> 00:28:05,200 Speaker 3: et cetera. And it just is a great thing to do. 525 00:28:05,840 --> 00:28:09,000 Speaker 3: Which reminds me of a charity called Royal Far West 526 00:28:09,040 --> 00:28:11,440 Speaker 3: and a book that launched this week. 527 00:28:13,359 --> 00:28:14,640 Speaker 2: Does that link come about? 528 00:28:14,800 --> 00:28:16,520 Speaker 3: Well? The great thing about Royal Far West Right this 529 00:28:16,680 --> 00:28:21,280 Speaker 3: charity is that it for one hundred years has looked 530 00:28:21,359 --> 00:28:24,920 Speaker 3: up kids in rural and remote and race and religion 531 00:28:25,080 --> 00:28:27,720 Speaker 3: have never been part of their you thoughts. They just 532 00:28:27,760 --> 00:28:29,560 Speaker 3: take any kid. This is what prompted me. 533 00:28:30,320 --> 00:28:31,879 Speaker 5: And did you know there was a book released this 534 00:28:32,000 --> 00:28:33,719 Speaker 5: week on it? You know, I didn't think you can 535 00:28:33,800 --> 00:28:38,640 Speaker 5: make it unlike well done, Unlike my fellow podcaster Michael Thompson. 536 00:28:38,720 --> 00:28:40,920 Speaker 5: I don't like to make a big thing about authoring 537 00:28:40,960 --> 00:28:41,560 Speaker 5: a book. 538 00:28:42,840 --> 00:28:47,080 Speaker 1: Except except for right now today. But you should because 539 00:28:47,080 --> 00:28:49,520 Speaker 1: it's a massive achievement what you've done, like this book 540 00:28:49,560 --> 00:28:52,200 Speaker 1: that you've written on the history of Royal far West 541 00:28:53,280 --> 00:28:55,600 Speaker 1: is really quite something. So congratulations, thank you. 542 00:28:56,680 --> 00:29:00,600 Speaker 3: I'm slightly uncomfortable. Let's move on Apple Maps. That's mine. 543 00:29:01,040 --> 00:29:03,400 Speaker 1: But also you mentioned the bike ride. We'll just finish 544 00:29:03,480 --> 00:29:04,760 Speaker 1: that off, so you too. 545 00:29:05,240 --> 00:29:05,880 Speaker 2: I can say this. 546 00:29:05,920 --> 00:29:07,720 Speaker 1: Comfortably because I'm not the one that's going to be 547 00:29:07,760 --> 00:29:11,360 Speaker 1: doning Liker. You too are riding comfortably because I am. 548 00:29:11,760 --> 00:29:11,960 Speaker 4: Oh. 549 00:29:12,240 --> 00:29:14,280 Speaker 1: And just the weird little flex that you did with 550 00:29:14,360 --> 00:29:19,280 Speaker 1: your mid section just then, oh, just made everything just crawl. 551 00:29:19,320 --> 00:29:20,120 Speaker 3: I would like to say. 552 00:29:21,040 --> 00:29:22,480 Speaker 1: Ben Willie mm hmm. 553 00:29:23,520 --> 00:29:25,080 Speaker 3: He you know, the great. 554 00:29:25,360 --> 00:29:29,920 Speaker 5: Supporter of the podcast Spinach Advertising, Spinach Advertising, the team Spantag. 555 00:29:29,640 --> 00:29:31,520 Speaker 2: Advertising, many time interviewed on this. 556 00:29:32,200 --> 00:29:34,920 Speaker 3: He has already donated money to our bike ride. 557 00:29:35,080 --> 00:29:39,600 Speaker 1: The team at stock Spottichy and his team have donated. 558 00:29:40,320 --> 00:29:42,840 Speaker 3: Chris another great friend. But what Ben did he write 559 00:29:42,840 --> 00:29:44,760 Speaker 3: a note saying I will donate as long as I 560 00:29:44,800 --> 00:29:48,920 Speaker 3: don't have to see YouTube in likera again, really good one, 561 00:29:49,120 --> 00:29:51,320 Speaker 3: but I'll take the money. I won't we like her anymore? 562 00:29:51,640 --> 00:29:54,320 Speaker 1: Yes you will. I think you've got an addiction to it. Anyway, 563 00:29:54,320 --> 00:29:56,840 Speaker 1: Head along to our socials, go to Instagram probably or 564 00:29:56,880 --> 00:29:59,360 Speaker 1: LinkedIn and you'll be able to find the donation links 565 00:29:59,440 --> 00:30:01,000 Speaker 1: because we were love your support. And you can also 566 00:30:01,080 --> 00:30:02,760 Speaker 1: check out the video of these two in licra. 567 00:30:03,640 --> 00:30:05,640 Speaker 2: I'm going to do an Oprah moment. You know where 568 00:30:05,680 --> 00:30:07,160 Speaker 2: she does. You get a car, You get a car, 569 00:30:07,280 --> 00:30:09,040 Speaker 2: You get a car. Yeah, it's not quite a car, 570 00:30:09,880 --> 00:30:12,800 Speaker 2: but we do have. It's quite full the sun sewn 571 00:30:12,840 --> 00:30:17,880 Speaker 2: on our bike rides a Fear and Greed cap and Michael, 572 00:30:18,120 --> 00:30:24,440 Speaker 2: you'll be monitoring from home base, so you get one, yes, Rosanna, Yes. 573 00:30:26,680 --> 00:30:29,560 Speaker 3: Squirrel yours looks good? How about that? 574 00:30:29,720 --> 00:30:29,880 Speaker 2: Huh? 575 00:30:30,160 --> 00:30:31,560 Speaker 1: And the best part is you can wear it with 576 00:30:31,640 --> 00:30:34,480 Speaker 1: a headphones over the over the time. Oh, I like, 577 00:30:35,680 --> 00:30:38,040 Speaker 1: is it just me? Or did it get cooler in here? 578 00:30:41,040 --> 00:30:44,760 Speaker 2: Feeling this is great for some protection on bike rides 579 00:30:45,240 --> 00:30:45,960 Speaker 2: to you, Sean. 580 00:30:45,840 --> 00:30:48,920 Speaker 3: Now Apple maps, Michael, you've got like thirty six Yeah, 581 00:30:50,080 --> 00:30:51,920 Speaker 3: and you've also stitched me up a little bit because 582 00:30:51,920 --> 00:30:53,960 Speaker 3: it's very hard to argue against that story because that 583 00:30:54,040 --> 00:30:54,840 Speaker 3: is a very story. 584 00:30:55,160 --> 00:30:58,520 Speaker 1: However, let me just reframe this as a business podcast, right, 585 00:30:58,600 --> 00:31:01,520 Speaker 1: So I'm just going to size a business story that 586 00:31:01,680 --> 00:31:05,080 Speaker 1: is a very good story. It's very worthy story. Pipe 587 00:31:05,120 --> 00:31:09,920 Speaker 1: down you you've had your turn. This is me my 588 00:31:10,160 --> 00:31:13,920 Speaker 1: favorite story for this business podcast called Fear and Greed 589 00:31:14,040 --> 00:31:17,480 Speaker 1: Business News. It's not called that, I know, but I 590 00:31:17,560 --> 00:31:19,440 Speaker 1: was just adding in the word business a couple of times. 591 00:31:20,600 --> 00:31:20,840 Speaker 3: Go on. 592 00:31:21,080 --> 00:31:26,200 Speaker 1: Favorite story is about a little ossie retailer achieving the 593 00:31:26,280 --> 00:31:29,600 Speaker 1: great Australian dream of being bought out by a Canadian 594 00:31:29,640 --> 00:31:32,440 Speaker 1: company twice what it was valued on the ax. 595 00:31:32,680 --> 00:31:33,320 Speaker 3: That part we like. 596 00:31:33,720 --> 00:31:38,120 Speaker 1: The reject shop founded in nineteen seventy nine employees, five 597 00:31:38,200 --> 00:31:42,280 Speaker 1: thousand people, sells kind of originally started selling kind of 598 00:31:42,360 --> 00:31:45,000 Speaker 1: seconds and discontinued lines and kind of just kind of 599 00:31:45,000 --> 00:31:46,720 Speaker 1: broadened out a little bit beyond that, but it's still 600 00:31:46,840 --> 00:31:50,120 Speaker 1: kind of very good budget shopping. It's just been the 601 00:31:50,160 --> 00:31:53,120 Speaker 1: little retailer that keeps on going, right, isn't it? And 602 00:31:53,240 --> 00:31:58,800 Speaker 1: this week and this week the Canadian value retailer doll. 603 00:31:58,720 --> 00:32:02,080 Speaker 3: Rama, it is one of the truly great names. 604 00:32:02,640 --> 00:32:08,400 Speaker 1: It's fantastic. Came in just barreling in, offering six dollars 605 00:32:08,520 --> 00:32:10,800 Speaker 1: sixty eight a share and the share price of the 606 00:32:10,880 --> 00:32:13,880 Speaker 1: reject shop jumped one hundred and eleven percent. 607 00:32:15,200 --> 00:32:15,600 Speaker 2: Brilliant. 608 00:32:16,080 --> 00:32:21,120 Speaker 1: The chair said that the bid was attractive, which has 609 00:32:21,200 --> 00:32:23,440 Speaker 1: to be one of the greatest understatements that we've ever 610 00:32:23,520 --> 00:32:26,880 Speaker 1: heard about on this show. What a time to be 611 00:32:27,000 --> 00:32:29,840 Speaker 1: a reject shop investor, and what a good news story 612 00:32:30,040 --> 00:32:33,080 Speaker 1: I think for Aussie retail isn't that great at a 613 00:32:33,160 --> 00:32:36,200 Speaker 1: time when we've got kind of clothing retailer Jeans West 614 00:32:36,280 --> 00:32:39,280 Speaker 1: this week being put into administration not long after, not 615 00:32:39,400 --> 00:32:41,440 Speaker 1: long after. But no, this is context. It's just the 616 00:32:41,520 --> 00:32:44,280 Speaker 1: fact that retailers are doing it tough. And here we 617 00:32:44,400 --> 00:32:47,560 Speaker 1: have someone recognizing the value of a good, strong Australian 618 00:32:47,600 --> 00:32:50,160 Speaker 1: brand and coming in and saying, hey, we want you 619 00:32:50,280 --> 00:32:53,760 Speaker 1: to be part of the Dollarama family. That is my 620 00:32:54,040 --> 00:33:00,240 Speaker 1: favorite story of the week for a business podcast. Anyone 621 00:33:00,280 --> 00:33:03,720 Speaker 1: else is cap a little bit tighter? I got to 622 00:33:03,800 --> 00:33:05,000 Speaker 1: adjust the belcro. 623 00:33:05,040 --> 00:33:07,600 Speaker 2: Nope, it might be to do with the size of 624 00:33:07,680 --> 00:33:08,120 Speaker 2: the heads. 625 00:33:08,960 --> 00:33:10,960 Speaker 3: It's highly like that mine is getting tighter. 626 00:33:12,480 --> 00:33:19,560 Speaker 2: I have a blimp had okay, Sean wins now, reason being, 627 00:33:19,640 --> 00:33:22,600 Speaker 2: I love the Rejecs shop story. It is wonderful and 628 00:33:22,680 --> 00:33:26,080 Speaker 2: well done. Congratulations to them. To me, but the cultural 629 00:33:26,320 --> 00:33:30,960 Speaker 2: evolution comes in significant increments, and I think this is one. 630 00:33:31,320 --> 00:33:33,800 Speaker 2: You know, this is Apple having done work for years 631 00:33:34,280 --> 00:33:37,640 Speaker 2: around the world and here to include names as references 632 00:33:37,720 --> 00:33:41,320 Speaker 2: in maps that have greater meaning to Australians. So I 633 00:33:41,360 --> 00:33:44,280 Speaker 2: think it's significant. Well, thank you very much. 634 00:33:45,120 --> 00:33:48,680 Speaker 3: A Danski two two so to out of the four 635 00:33:48,720 --> 00:33:51,320 Speaker 3: decisions were good, two were does, but you know one 636 00:33:51,400 --> 00:33:54,480 Speaker 3: mine on Michael and I here's with the scores. 637 00:33:54,400 --> 00:34:01,000 Speaker 2: Points Sean Almer, sorry, Sean O ninety one Thompson square 638 00:34:01,080 --> 00:34:03,360 Speaker 2: all ninety two points. 639 00:34:03,520 --> 00:34:10,839 Speaker 1: Oh I think that's wait, No, that is two justified 640 00:34:11,239 --> 00:34:14,120 Speaker 1: victories in a row two weeks. That's a streak. 641 00:34:15,760 --> 00:34:17,360 Speaker 3: Do you think that Michael deserved to win that? 642 00:34:18,280 --> 00:34:22,200 Speaker 1: No? No, We've got to know love how much time 643 00:34:22,440 --> 00:34:25,279 Speaker 1: and thought just put into that. 644 00:34:25,560 --> 00:34:28,879 Speaker 2: It's like the authority the judges being judged. She's very good. 645 00:34:29,239 --> 00:34:32,200 Speaker 3: Never use her name again, Thank you very much. 646 00:34:32,920 --> 00:34:36,200 Speaker 1: Okay, all right done. That's a good victory, good decision, Adam. 647 00:34:36,239 --> 00:34:40,040 Speaker 1: I never doubted you a little bit. Thank you very much, Adam, 648 00:34:40,520 --> 00:34:41,799 Speaker 1: Thank you, Michael, and thank you sure. 649 00:34:41,840 --> 00:34:44,160 Speaker 3: Thanks Sean, Thanks Adam, Thanks Michael. 650 00:34:45,239 --> 00:34:47,160 Speaker 1: Make sure you're following the podcast, and please join us 651 00:34:47,200 --> 00:34:51,280 Speaker 1: online on LinkedIn, Instagram, TikTok, Facebook and X. I'm Michael Thompson. 652 00:34:51,320 --> 00:34:53,360 Speaker 1: And that was fear and greed. Have a great weekend.