1 00:00:06,280 --> 00:00:08,920 Speaker 1: This is the weekend edition of Fear and Greed business 2 00:00:09,000 --> 00:00:11,240 Speaker 1: news you can use. I'm Michael Thompson and good morning 3 00:00:11,280 --> 00:00:12,000 Speaker 1: Sean Aylmer. 4 00:00:12,160 --> 00:00:14,320 Speaker 2: Morning Michael, Sean. 5 00:00:14,520 --> 00:00:16,880 Speaker 1: Our weekend show is all about the I nearly forgot 6 00:00:16,880 --> 00:00:18,400 Speaker 1: where I was going to then. We've only done this 7 00:00:18,440 --> 00:00:21,040 Speaker 1: show every week for the last five years, but it's 8 00:00:21,040 --> 00:00:22,720 Speaker 1: about the two of us each nominating what we think 9 00:00:22,800 --> 00:00:25,680 Speaker 1: is the biggest business story of the week, the most 10 00:00:25,720 --> 00:00:29,720 Speaker 1: remarkable business story, a mystery category that changes every week, 11 00:00:30,360 --> 00:00:33,400 Speaker 1: and our favorite business story. We are joined by a 12 00:00:33,479 --> 00:00:35,519 Speaker 1: judge every week to pick a winner because this is 13 00:00:35,600 --> 00:00:37,760 Speaker 1: a competition and there must be a winner. And like 14 00:00:37,840 --> 00:00:40,560 Speaker 1: last week where there was no winner because it was 15 00:00:40,600 --> 00:00:43,320 Speaker 1: a time it was just a dud decision. It was 16 00:00:43,440 --> 00:00:46,440 Speaker 1: another dud decision and the person responsible for that dud 17 00:00:46,440 --> 00:00:49,800 Speaker 1: decision our Fear and Greed colleague Adam Lang Adam, good morning. 18 00:00:49,720 --> 00:00:52,240 Speaker 3: Good morning, Michael, and good morning Sean. Morning. 19 00:00:52,440 --> 00:00:53,640 Speaker 2: Damski morning. 20 00:00:54,200 --> 00:00:57,400 Speaker 1: What are you looking for today? Well, we're looking for 21 00:00:57,520 --> 00:00:59,800 Speaker 1: a decisive wind. 22 00:01:00,320 --> 00:01:03,240 Speaker 3: I'll go for it. I'll give one, Okay, are you 23 00:01:03,800 --> 00:01:06,800 Speaker 3: with a focus on melod This is predetermined? I have 24 00:01:06,920 --> 00:01:10,119 Speaker 3: no I haven't determined who will win I've determined that 25 00:01:10,280 --> 00:01:11,240 Speaker 3: it will be a win. 26 00:01:11,920 --> 00:01:13,440 Speaker 1: What are you actually looking for, Adam? 27 00:01:13,520 --> 00:01:15,959 Speaker 3: Chiefly economic impact of the stories. They've got to be 28 00:01:16,000 --> 00:01:18,960 Speaker 3: timely and topical. Of course, a little bit of playing 29 00:01:18,959 --> 00:01:25,560 Speaker 3: the most subjective slash reform bias and melodrama. Sell it. 30 00:01:26,040 --> 00:01:28,680 Speaker 1: Okay, all right, it feels like that the list of 31 00:01:28,760 --> 00:01:30,000 Speaker 1: criteria is shrinking. 32 00:01:30,760 --> 00:01:32,000 Speaker 2: Now you're getting more dull. 33 00:01:32,480 --> 00:01:34,640 Speaker 1: Yeah, you know, I think. 34 00:01:35,880 --> 00:01:37,839 Speaker 2: I think, well, I think we should innovate with our stories. 35 00:01:37,920 --> 00:01:40,759 Speaker 2: Let's try and have one ridiculous story. 36 00:01:41,600 --> 00:01:45,280 Speaker 1: Me too that No, actually, you know what you could 37 00:01:45,319 --> 00:01:47,880 Speaker 1: add a ridiculous story. I would love to see what 38 00:01:48,320 --> 00:01:51,480 Speaker 1: my version of class that is ridiculous. It could be 39 00:01:51,560 --> 00:01:59,040 Speaker 1: quite quite interesting. Capital expenditure figures. All right, okay, go 40 00:01:59,120 --> 00:02:01,120 Speaker 1: for it. Sure on take away bigger story of the week. 41 00:02:01,160 --> 00:02:04,320 Speaker 2: What did you like the economy? Economy, economy, inflation, capital, 42 00:02:04,640 --> 00:02:05,800 Speaker 2: capital expendit you figures? 43 00:02:05,840 --> 00:02:08,760 Speaker 1: Michael the Oho, how ridiculous? Shebang? 44 00:02:09,080 --> 00:02:12,880 Speaker 2: Anyone hoping for another interest rate cut was disappointed this week. 45 00:02:12,919 --> 00:02:15,400 Speaker 2: Higher than expected inflation figures for October three point eight 46 00:02:15,400 --> 00:02:17,639 Speaker 2: percent for the headline, three point three percent for underlying 47 00:02:18,080 --> 00:02:23,320 Speaker 2: had economists talking about rate hikes. Bond markets have now 48 00:02:23,320 --> 00:02:26,400 Speaker 2: started in price pricing in the possibility of an increase 49 00:02:26,760 --> 00:02:29,920 Speaker 2: by the middle of next year. There was more business investment, 50 00:02:30,000 --> 00:02:32,639 Speaker 2: a key underpinning of economic growth, had its biggest jump 51 00:02:32,680 --> 00:02:35,360 Speaker 2: in four years during the September quarter, mostly thanks to 52 00:02:35,480 --> 00:02:38,600 Speaker 2: loss of spending on data centers. Unemployment rate remember that 53 00:02:38,680 --> 00:02:40,440 Speaker 2: last week fell from four point five to four point 54 00:02:40,440 --> 00:02:44,520 Speaker 2: three percent inequity. Several retailers, notably Mike Harvey Norman, came 55 00:02:44,560 --> 00:02:48,320 Speaker 2: out and outlined strong sales. Of course, black Friday, Cyber Monday. 56 00:02:48,320 --> 00:02:50,440 Speaker 2: We're in the midst of that. Very critical. We get 57 00:02:50,440 --> 00:02:57,079 Speaker 2: GDP next week. But as every day passes, the economy 58 00:02:57,160 --> 00:03:00,840 Speaker 2: looked to be getting just a little bit better, and 59 00:03:01,040 --> 00:03:07,360 Speaker 2: a rate cart seems more and more unlikely. That has 60 00:03:07,680 --> 00:03:11,720 Speaker 2: economic impact coming out the wazoo over to you. 61 00:03:13,400 --> 00:03:15,200 Speaker 1: It does. It's quite the image, isn't it. 62 00:03:16,080 --> 00:03:16,760 Speaker 3: Tricle flair? 63 00:03:17,160 --> 00:03:23,960 Speaker 1: Yes, Adam, massive, massive week in Canberra. 64 00:03:24,080 --> 00:03:26,840 Speaker 2: So can I just say right, I'm interrupting here. I've 65 00:03:26,840 --> 00:03:29,720 Speaker 2: got Michael's notes in front of me. Adam doesn't see 66 00:03:29,760 --> 00:03:32,799 Speaker 2: our notes. The first three words he has on this 67 00:03:32,840 --> 00:03:35,400 Speaker 2: particular story, can I read them. 68 00:03:35,320 --> 00:03:36,520 Speaker 3: To you, Adam? Please? 69 00:03:36,840 --> 00:03:41,960 Speaker 2: Brevity? Brevity, brevity. It's like a remind betwe himself. 70 00:03:43,240 --> 00:03:46,840 Speaker 1: Only only one of those was lirictal peak behind the 71 00:03:46,880 --> 00:03:49,600 Speaker 1: curtain here. That was not a note to me. That 72 00:03:49,680 --> 00:03:52,920 Speaker 1: was a message to my friend and colleague, Sean Aylmer, 73 00:03:53,800 --> 00:03:57,440 Speaker 1: because I thought maybe if he sees that there, he'll go. 74 00:03:57,560 --> 00:04:00,000 Speaker 1: Maybe I should be more brief because last week, last week, 75 00:04:00,160 --> 00:04:05,280 Speaker 1: you were a touch for both, So just a Touch's put. 76 00:04:05,440 --> 00:04:06,680 Speaker 2: The cards on the table here. 77 00:04:06,760 --> 00:04:06,920 Speaker 3: Right. 78 00:04:07,520 --> 00:04:11,600 Speaker 2: When Lara talks to you about your performance in this show, right, Adam, 79 00:04:12,600 --> 00:04:14,240 Speaker 2: she ever say you talk too much? 80 00:04:15,440 --> 00:04:16,760 Speaker 1: Hang on as Lara? 81 00:04:17,040 --> 00:04:22,039 Speaker 2: Michael, I don't think so. When Jackie talks to me, 82 00:04:23,320 --> 00:04:24,960 Speaker 2: I mean, because he's there, our loved ones, they are 83 00:04:24,960 --> 00:04:27,200 Speaker 2: obviously going to always support us. I don't think Jackie 84 00:04:27,240 --> 00:04:29,440 Speaker 2: has ever said to me, Sean, you talk too much. 85 00:04:29,760 --> 00:04:30,560 Speaker 1: Let's just stitch up. 86 00:04:31,600 --> 00:04:33,600 Speaker 2: Lara. No, never say that to you. 87 00:04:33,640 --> 00:04:36,720 Speaker 3: Never been accused of brevity. 88 00:04:36,920 --> 00:04:38,880 Speaker 2: But on the show, does she ever complain you talk 89 00:04:38,960 --> 00:04:42,960 Speaker 2: too much? I don't think so. So that's one to Michael, Sean. 90 00:04:43,160 --> 00:04:46,080 Speaker 2: Does she ever, as an independent person who loves you 91 00:04:46,120 --> 00:04:48,520 Speaker 2: and supports you, say you talk too much on the show? 92 00:04:49,960 --> 00:04:53,040 Speaker 1: I think her exact words were, do you ever shut up? 93 00:04:54,480 --> 00:04:57,240 Speaker 1: To which I was able to honestly say no, I 94 00:04:57,320 --> 00:05:00,000 Speaker 1: do not until about two weeks ago when I turned 95 00:05:00,160 --> 00:05:02,600 Speaker 1: over a new leaf, a brief leaf, a brevity leaf, 96 00:05:03,520 --> 00:05:06,000 Speaker 1: and now all of my all of my things out 97 00:05:06,000 --> 00:05:10,040 Speaker 1: the window. Yep, okay, I'm going to start now. Massive 98 00:05:10,279 --> 00:05:14,720 Speaker 1: week in Canberra. It was the last sitting week of 99 00:05:14,760 --> 00:05:18,400 Speaker 1: the year. Still November, though, I mean, do we stop 100 00:05:18,480 --> 00:05:23,200 Speaker 1: working in November? No, you sean no, Adam, No, certainly 101 00:05:23,240 --> 00:05:27,200 Speaker 1: not anyway, that's just a minor point. Reform might be needed. 102 00:05:27,839 --> 00:05:29,280 Speaker 3: Quite there's so much work to do. 103 00:05:29,440 --> 00:05:30,919 Speaker 1: I think you know what this is actually now a 104 00:05:30,920 --> 00:05:32,160 Speaker 1: story about reform. 105 00:05:32,000 --> 00:05:34,680 Speaker 2: And it's a story that's getting longer. 106 00:05:34,760 --> 00:05:37,719 Speaker 1: Yeah, I know. Sorry, Okay, just the headlines, just the headlines, 107 00:05:37,800 --> 00:05:41,599 Speaker 1: just the facts. Major overhaul of environment laws this week. 108 00:05:41,680 --> 00:05:44,159 Speaker 1: Deal between the Government and the Greens, just in time 109 00:05:44,440 --> 00:05:49,280 Speaker 1: to get this done. The at its core, better environmental 110 00:05:49,320 --> 00:05:52,120 Speaker 1: protections while at the same time speeding up. This is 111 00:05:52,640 --> 00:05:55,560 Speaker 1: from the government they say better. This is actually word 112 00:05:55,640 --> 00:05:59,320 Speaker 1: for word what Anthony Aberneezy said, better environmental protections, while 113 00:05:59,360 --> 00:06:03,160 Speaker 1: it's also eating up approvals for key projects including Adam Housing, 114 00:06:03,600 --> 00:06:07,760 Speaker 1: including Adam, critical minerals including Adam Energy and. 115 00:06:07,839 --> 00:06:10,280 Speaker 2: The press press release Adam. 116 00:06:10,200 --> 00:06:12,480 Speaker 1: It is it actually is, and. 117 00:06:14,640 --> 00:06:17,040 Speaker 2: I did dependent journalism. 118 00:06:17,120 --> 00:06:19,880 Speaker 1: Here go on, I'm telling you what the Prime Minister said. 119 00:06:20,440 --> 00:06:23,800 Speaker 1: Not all people agree with that. I am bound by 120 00:06:23,839 --> 00:06:25,760 Speaker 1: the rules of brevity to not go into what other 121 00:06:25,800 --> 00:06:31,080 Speaker 1: people said. Huge impact on business and the economy. Signature 122 00:06:31,120 --> 00:06:35,960 Speaker 1: policy for the government. That's one headline. Chinese leader number three. 123 00:06:36,000 --> 00:06:39,720 Speaker 1: The number three leader was in campus. Got his name? 124 00:06:41,320 --> 00:06:42,520 Speaker 1: I didn't write his name down. 125 00:06:42,600 --> 00:06:44,159 Speaker 2: You didn't, That's why I asked. 126 00:06:44,200 --> 00:06:47,960 Speaker 1: Anyway, not important, not important. There were concerns over cybersecurity. 127 00:06:48,000 --> 00:06:51,360 Speaker 1: Everyone had to switch off their phones in Canberra this week. 128 00:06:51,400 --> 00:06:54,760 Speaker 1: They had blackouts and servers going down and all that. 129 00:06:54,760 --> 00:06:57,080 Speaker 1: That's just minor. Forget about that. That's not really key. 130 00:06:57,520 --> 00:07:03,080 Speaker 1: Barnaby Joyce, Barnaby Joyce. I wonder what Barnaby Joyce's middle 131 00:07:03,160 --> 00:07:05,480 Speaker 1: name is. Barnaby feels like a middle name, doesn't it. 132 00:07:05,480 --> 00:07:08,080 Speaker 2: But it'd be like Barnaby j. Joyce. I reckon like 133 00:07:08,200 --> 00:07:09,800 Speaker 2: it really, I have no idea what it is. 134 00:07:10,240 --> 00:07:12,880 Speaker 1: Okay, I'll look it up. You look please, Yeah, yeah, 135 00:07:12,920 --> 00:07:20,440 Speaker 1: you've got some time. He quit the NATS Adam after 136 00:07:20,520 --> 00:07:24,200 Speaker 1: two decades with the party. He's considering his options, but 137 00:07:24,360 --> 00:07:27,040 Speaker 1: we all know he's going to one nation. Speaking of 138 00:07:27,080 --> 00:07:31,240 Speaker 1: one nation, Pauline Hanson pulled not one, but two stunts 139 00:07:31,280 --> 00:07:33,800 Speaker 1: this week, wearing a burker into the Senate, getting herself 140 00:07:33,800 --> 00:07:37,560 Speaker 1: suspended for seven days, and then cooking a steak on 141 00:07:37,640 --> 00:07:40,320 Speaker 1: a sandwich press while courting Barnaby Joyce. 142 00:07:41,680 --> 00:07:42,200 Speaker 3: What a week? 143 00:07:42,320 --> 00:07:46,800 Speaker 2: You mean while courting Barnaby Thomas Girard, Joyce, you're kidding. 144 00:07:46,840 --> 00:07:50,520 Speaker 2: He's got a double Thomas Girard. That's a solid name, 145 00:07:50,840 --> 00:07:51,280 Speaker 2: very solid. 146 00:07:51,560 --> 00:07:56,640 Speaker 1: Yeah, yeah, double middle names are the best. That's it. 147 00:07:57,400 --> 00:08:00,280 Speaker 1: Enormous week. Environmental policy was a big one and that 148 00:08:00,440 --> 00:08:05,640 Speaker 1: is going to have major repercussions for business. 149 00:08:04,840 --> 00:08:07,880 Speaker 2: The minutes worth of Michael. 150 00:08:08,200 --> 00:08:09,960 Speaker 1: Most of it was not me. It was interjections from 151 00:08:09,960 --> 00:08:11,440 Speaker 1: the two of you. I'm trying to be brief here, 152 00:08:12,120 --> 00:08:15,080 Speaker 1: stop it. What do you think, Adam? 153 00:08:15,280 --> 00:08:15,920 Speaker 3: Yeah? 154 00:08:16,040 --> 00:08:17,800 Speaker 1: And part of it, Joyce, that really shakes things. 155 00:08:17,800 --> 00:08:20,800 Speaker 2: So that really shakes up. 156 00:08:23,000 --> 00:08:28,000 Speaker 3: Given Pauline Hanson, Penny Wong's line, you can't out Pauline. 157 00:08:28,200 --> 00:08:30,680 Speaker 3: Pauline right, And this week she did put on a 158 00:08:30,800 --> 00:08:35,040 Speaker 3: master show. Did she put on that burker display in 159 00:08:35,120 --> 00:08:38,800 Speaker 3: the in the Parliament? And then what wasn't a sandwich press? 160 00:08:38,840 --> 00:08:41,359 Speaker 3: Grilled argue? So dinner and show. 161 00:08:42,679 --> 00:08:44,240 Speaker 2: Like, so not. 162 00:08:44,200 --> 00:08:50,040 Speaker 3: Bad for theater, but terrible display of politics in my opinion, No, 163 00:08:50,160 --> 00:08:55,079 Speaker 3: politics can't win. The impacts of these inflation numbers will 164 00:08:55,120 --> 00:08:57,960 Speaker 3: be the first set of monthly which is really a 165 00:08:57,960 --> 00:09:01,920 Speaker 3: positive change. But all this apart from inflation, It's like, 166 00:09:02,480 --> 00:09:06,720 Speaker 3: what a great economy scoreboard that is. You know, inflation 167 00:09:06,800 --> 00:09:10,280 Speaker 3: is too high, but unemployment four point three GDP hopefully 168 00:09:10,280 --> 00:09:12,960 Speaker 3: heading up big week for the economy. 169 00:09:13,240 --> 00:09:15,680 Speaker 2: I actually think we're doing really well. Yeah, like I 170 00:09:15,679 --> 00:09:17,319 Speaker 2: think this is good news. I mean we all want 171 00:09:17,400 --> 00:09:19,680 Speaker 2: rate cuts. Yeah, we don't want inflation. 172 00:09:20,440 --> 00:09:24,320 Speaker 3: We'd rather have jobs. So it is a pretty remarkable 173 00:09:24,320 --> 00:09:24,960 Speaker 3: set of numbers. 174 00:09:25,080 --> 00:09:27,960 Speaker 2: Yeah, so that was a land slope into me. 175 00:09:30,880 --> 00:09:33,040 Speaker 1: I was just looking up the business some more of 176 00:09:33,080 --> 00:09:36,480 Speaker 1: the business response to the environment lawss let's get it, 177 00:09:37,280 --> 00:09:40,200 Speaker 1: you know what, even eyas, I was like, Michael, you 178 00:09:40,240 --> 00:09:42,600 Speaker 1: do not need to do this, just like you are 179 00:09:42,720 --> 00:09:47,199 Speaker 1: just going to bore people into. 180 00:09:45,880 --> 00:09:50,960 Speaker 2: Four more more the next category, as is per usual 181 00:09:50,960 --> 00:09:52,680 Speaker 2: for the weekend edition, and I'm going to carry on. 182 00:09:52,720 --> 00:09:57,679 Speaker 2: We're ten minutes through. We are well behind already because 183 00:09:57,720 --> 00:10:00,200 Speaker 2: as Sean says, you a. 184 00:10:00,200 --> 00:10:01,600 Speaker 3: Shut up slow first quarter. 185 00:10:01,600 --> 00:10:03,480 Speaker 2: But we're going to bring the most remarkable story. Can 186 00:10:03,520 --> 00:10:04,880 Speaker 2: I give it to your first or Michael, you're going 187 00:10:04,920 --> 00:10:07,240 Speaker 2: to get first, I'll go first. 188 00:10:07,280 --> 00:10:09,760 Speaker 1: I was primed and ready for it. Oh, okay, now 189 00:10:09,800 --> 00:10:14,240 Speaker 1: I am doing OPRA, Adam. APRA has staged a remarkable 190 00:10:14,840 --> 00:10:16,280 Speaker 1: intervention on homeland. 191 00:10:16,320 --> 00:10:18,760 Speaker 2: I want to beat this up for anything, but afra's 192 00:10:18,960 --> 00:10:22,320 Speaker 2: intervention was remarkable, extraordinary. 193 00:10:22,880 --> 00:10:27,960 Speaker 1: I have never seen such an intervention. Why. Because the 194 00:10:28,000 --> 00:10:32,679 Speaker 1: market is getting hot, prices are going up. They're worried 195 00:10:32,679 --> 00:10:34,960 Speaker 1: about risky loans, trying to get in ahead of it 196 00:10:35,000 --> 00:10:38,000 Speaker 1: becoming a problem. APRA will limit the number of loans 197 00:10:38,000 --> 00:10:40,960 Speaker 1: made by banks that exceed six times the borrower's income. 198 00:10:41,040 --> 00:10:43,840 Speaker 1: The banks may not be happy, Investors probably won't be 199 00:10:43,880 --> 00:10:52,040 Speaker 1: too happy. Mostly it's targeted, but but but it shows 200 00:10:52,440 --> 00:10:56,040 Speaker 1: just how hot the property market is getting domains figures 201 00:10:56,040 --> 00:10:59,680 Speaker 1: which we talked about this week. So the next twelve 202 00:10:59,720 --> 00:11:04,679 Speaker 1: months we'll see a surge, a surge in prices, three 203 00:11:04,760 --> 00:11:10,240 Speaker 1: rate cuts, we've had, rising incomes, an absolute deluge of 204 00:11:10,400 --> 00:11:14,559 Speaker 1: first home buyer demand. The days was equivalent to five 205 00:11:15,120 --> 00:11:18,520 Speaker 1: interest rate cuts at once. Right, that is staggering, and 206 00:11:18,559 --> 00:11:20,760 Speaker 1: I note that you are not writing it down, Adam. 207 00:11:21,440 --> 00:11:24,160 Speaker 1: We'll see medium prices in Sydney hit one point nine 208 00:11:24,200 --> 00:11:27,000 Speaker 1: to two million dollars by this time next year, just 209 00:11:27,160 --> 00:11:29,600 Speaker 1: under one point two mil in Melbourne, about the same 210 00:11:29,600 --> 00:11:34,760 Speaker 1: as camera. So hot, right, so unbelievably hot, it's like 211 00:11:34,920 --> 00:11:39,560 Speaker 1: touching the sun right that it might be overheating. APRA 212 00:11:39,960 --> 00:11:45,200 Speaker 1: had to step in with a remarkable intervention. Sean just 213 00:11:45,200 --> 00:11:49,280 Speaker 1: looking at Sewan, just looking at me, going where's the credibility? Yeah, 214 00:11:49,280 --> 00:11:51,040 Speaker 1: that's exactly what I was thinking. I could see that 215 00:11:51,080 --> 00:11:53,600 Speaker 1: in your face. You're thinking I am a credible journalist. 216 00:11:53,880 --> 00:11:56,120 Speaker 1: One by done hanging out. 217 00:11:56,320 --> 00:11:56,880 Speaker 3: That's right. 218 00:11:57,280 --> 00:11:59,000 Speaker 1: It is remarkable, remarkable. 219 00:11:59,120 --> 00:12:01,280 Speaker 2: Thet's just move on from there. You can judge that 220 00:12:01,400 --> 00:12:04,800 Speaker 2: as you wish. Remarkable burst of m and A activity 221 00:12:04,840 --> 00:12:08,880 Speaker 2: this week, Adam mcco, did you there? He goes. Macquari 222 00:12:08,960 --> 00:12:11,400 Speaker 2: Asset Management made an eleven point six billion dollar bid 223 00:12:11,400 --> 00:12:14,800 Speaker 2: for logistics group Cube. As we sistently put it during 224 00:12:14,800 --> 00:12:17,720 Speaker 2: the week. Cube do you know what it does? Move 225 00:12:17,840 --> 00:12:18,559 Speaker 2: stuff around? 226 00:12:18,760 --> 00:12:21,120 Speaker 3: Supply chain, move stuff around. 227 00:12:21,280 --> 00:12:24,440 Speaker 2: That's it. Think grain, oil, seeds, cars, forestry, one hundred 228 00:12:24,440 --> 00:12:27,000 Speaker 2: and fifty rail services per week. Right for its part, 229 00:12:27,080 --> 00:12:30,280 Speaker 2: Mcquarie's becoming a major player in logistics in this country. 230 00:12:30,320 --> 00:12:32,720 Speaker 2: That's not a bad thing. The thing is like we've 231 00:12:32,760 --> 00:12:36,520 Speaker 2: had the sort of spark infrastructure and Sydney Airport and 232 00:12:36,559 --> 00:12:39,080 Speaker 2: like we don't have that many infrastructure plays in the 233 00:12:39,120 --> 00:12:41,520 Speaker 2: market now. But anyway, so that's a big deal. Still 234 00:12:41,559 --> 00:12:43,080 Speaker 2: got a long way to go. Then we had a 235 00:12:43,080 --> 00:12:46,199 Speaker 2: bid that never was So last year BHP bid seventy 236 00:12:46,200 --> 00:12:48,240 Speaker 2: five million dollars for Ango American. It was for baffed 237 00:12:48,280 --> 00:12:51,679 Speaker 2: had another crack sort of what BHP said was and 238 00:12:51,720 --> 00:12:55,000 Speaker 2: I quote, following preliminary discussions with the Border of Anglo American, 239 00:12:55,679 --> 00:12:58,199 Speaker 2: BHP confirms it is no longer considering a combination of 240 00:12:58,200 --> 00:13:01,800 Speaker 2: the two companies. No deal, but BHP wants copper assets. 241 00:13:01,880 --> 00:13:05,360 Speaker 2: BHP is acquisitive should the right deal come up. We're 242 00:13:05,400 --> 00:13:07,839 Speaker 2: seeing all this M and A activity. There's a report 243 00:13:07,840 --> 00:13:10,360 Speaker 2: out of the US that said there's been more MEGA 244 00:13:10,400 --> 00:13:14,000 Speaker 2: deals this year above ten million US sixty three of 245 00:13:14,040 --> 00:13:18,520 Speaker 2: them than any other year ever. Deals A back, Baby 246 00:13:18,559 --> 00:13:19,120 Speaker 2: deals back. 247 00:13:19,520 --> 00:13:21,480 Speaker 1: He did not stop writing the entire time. 248 00:13:21,720 --> 00:13:24,280 Speaker 2: Take the more I went and when I said the 249 00:13:24,520 --> 00:13:26,120 Speaker 2: out of the US, the megadels, did you hither? 250 00:13:27,960 --> 00:13:28,720 Speaker 1: Oh god? 251 00:13:29,400 --> 00:13:33,080 Speaker 3: Well, that mega deal really did set a tone, really, 252 00:13:33,120 --> 00:13:36,040 Speaker 3: you know, Trump and the changing in regulation and then 253 00:13:36,400 --> 00:13:41,960 Speaker 3: running through running through all these deals before the rules change. 254 00:13:42,480 --> 00:13:47,319 Speaker 1: You look, No, the opera intervention is remarkable, well, yes, interesting. 255 00:13:46,960 --> 00:13:52,040 Speaker 3: Perhaps maybe not completely remarkable, but that it was also 256 00:13:52,120 --> 00:13:54,559 Speaker 3: a preemptive measure, right. 257 00:13:54,600 --> 00:13:56,679 Speaker 1: That's why I found was quite remarked. 258 00:13:56,400 --> 00:13:59,400 Speaker 3: Which I thought was an interesting sort of watching of 259 00:13:59,440 --> 00:14:02,080 Speaker 3: the market and playing a role. So I thought it 260 00:14:02,120 --> 00:14:06,920 Speaker 3: was very good. But Sean, Sean wins on the mn A. 261 00:14:07,160 --> 00:14:11,280 Speaker 1: That seems probably fair. 262 00:14:13,200 --> 00:14:14,079 Speaker 3: In a certain light. 263 00:14:14,280 --> 00:14:18,760 Speaker 1: Okay, it is one all yeap to nil. That's right. 264 00:14:18,840 --> 00:14:22,640 Speaker 1: I didn't win, you know what. I actually thought, I'll 265 00:14:22,680 --> 00:14:24,720 Speaker 1: just try this out and see if either of them notice, 266 00:14:24,720 --> 00:14:27,520 Speaker 1: and of course you both did. To nil. Take a 267 00:14:27,600 --> 00:14:30,040 Speaker 1: quick break and come back with the mystery category, which 268 00:14:30,080 --> 00:14:40,120 Speaker 1: is an absolute cracker this week. All right, Sean, it 269 00:14:40,200 --> 00:14:44,480 Speaker 1: is nil. I nearly said it again. It is too nil. 270 00:14:44,920 --> 00:14:51,920 Speaker 1: Our mystery category this week it is stories of untold riches. 271 00:14:52,920 --> 00:14:56,720 Speaker 3: Okay, there's one. Okay, there's a couple. 272 00:14:56,440 --> 00:15:02,760 Speaker 2: Of very important that it's untold riches. Okay, God, it's news. 273 00:15:03,280 --> 00:15:12,840 Speaker 2: It's new. A parking inspector and his wife have been 274 00:15:12,960 --> 00:15:17,720 Speaker 2: arrested in Germany, a small town in Germany, on suspicion 275 00:15:17,800 --> 00:15:21,600 Speaker 2: of embezzling more than one million euros about two million 276 00:15:21,680 --> 00:15:24,400 Speaker 2: dollars from parking meters. 277 00:15:25,400 --> 00:15:26,240 Speaker 1: In that small town. 278 00:15:26,720 --> 00:15:27,840 Speaker 3: Incredible. 279 00:15:27,920 --> 00:15:31,000 Speaker 2: There's a lot of parking, isn't there going on towns 280 00:15:31,040 --> 00:15:35,440 Speaker 2: called Kempton k Emptan inspectors thought to have taken the 281 00:15:35,480 --> 00:15:39,240 Speaker 2: coins out of the parking meters. I quit the police 282 00:15:39,240 --> 00:15:44,280 Speaker 2: report on numerous occasions to get to the. 283 00:15:44,200 --> 00:15:47,160 Speaker 1: Two million dollars he put me in bank accounts. 284 00:15:47,160 --> 00:15:49,840 Speaker 2: Basically, the bank kind of got a bit suspicious that 285 00:15:49,880 --> 00:15:51,920 Speaker 2: this man and his wife could come with all these 286 00:15:51,960 --> 00:15:55,480 Speaker 2: coins and placing money into him. Seven hundred and twenty 287 00:15:55,520 --> 00:15:59,040 Speaker 2: alleged incidents and twenty I mean, I wish I could 288 00:15:59,080 --> 00:16:02,040 Speaker 2: do the maths on that, but it's a lot of highers. 289 00:16:02,280 --> 00:16:05,160 Speaker 1: Only seven hundred europop. 290 00:16:06,280 --> 00:16:11,720 Speaker 2: They please search the officer's premises. They arrested a forty 291 00:16:11,800 --> 00:16:13,640 Speaker 2: year old man and a thirty eight year old woman. 292 00:16:14,520 --> 00:16:16,360 Speaker 2: They also said it's not clear how long it might 293 00:16:16,360 --> 00:16:20,280 Speaker 2: have taken the couple to accrue the sum. He was 294 00:16:20,320 --> 00:16:23,920 Speaker 2: a atient criminal. There's some really weird stuff going on 295 00:16:23,960 --> 00:16:29,080 Speaker 2: in Germany, okay, right, Kempton, In particularly more broadly so, 296 00:16:29,120 --> 00:16:32,400 Speaker 2: the UK tllly Mahl was reporting that in Hamburg an 297 00:16:32,400 --> 00:16:35,480 Speaker 2: employee had been accused of pulling off one of the 298 00:16:35,480 --> 00:16:40,200 Speaker 2: city's strangest workplace thefts. Police uncovered more than two tons 299 00:16:40,240 --> 00:16:42,000 Speaker 2: of stolen coffee. 300 00:16:43,120 --> 00:16:45,800 Speaker 1: Wow thirty one year old. 301 00:16:46,160 --> 00:16:48,760 Speaker 2: Thirty one year old work from a local coffee training company, 302 00:16:48,880 --> 00:16:51,960 Speaker 2: was arrested when officers stopped his vehicle and found around 303 00:16:52,160 --> 00:16:56,360 Speaker 2: five hundred kilograms are freshly roasted oh Mafi in one 304 00:16:56,440 --> 00:16:57,200 Speaker 2: kilo bags. 305 00:16:58,600 --> 00:16:59,280 Speaker 1: I searched. 306 00:17:00,640 --> 00:17:03,960 Speaker 2: Garages, exposed the full scale, No mean one hundred kilograms 307 00:17:03,960 --> 00:17:06,639 Speaker 2: of coffee. Twenty thousand cash in the luxury watch. Just 308 00:17:06,680 --> 00:17:09,280 Speaker 2: like to add that money. But the story really, I mean, 309 00:17:09,480 --> 00:17:12,920 Speaker 2: some weird stuff going on Germany, no doubt, but untold 310 00:17:13,000 --> 00:17:15,520 Speaker 2: Riches the parking inspector and his wife. 311 00:17:15,680 --> 00:17:19,000 Speaker 1: I'm just reading about parking in Kempton. I'm on the 312 00:17:19,280 --> 00:17:22,280 Speaker 1: Kempton tourism website and they say that depending on the 313 00:17:22,280 --> 00:17:25,000 Speaker 1: parking area, that payment is possible with coins, credit card 314 00:17:25,080 --> 00:17:26,800 Speaker 1: or via app. So you would assume that most people 315 00:17:26,840 --> 00:17:29,639 Speaker 1: are actually paying on the credit cards or the app something. 316 00:17:29,680 --> 00:17:31,359 Speaker 1: So that makes it even more remarkable that it was 317 00:17:31,400 --> 00:17:33,960 Speaker 1: able to get so much out of the coins, and. 318 00:17:34,000 --> 00:17:35,280 Speaker 2: Did it just put him in his pockets? 319 00:17:35,280 --> 00:17:37,600 Speaker 1: I would imagine so I'd imagined you would actually have 320 00:17:38,440 --> 00:17:40,320 Speaker 1: like you would you know, with like bike pants with 321 00:17:40,359 --> 00:17:42,200 Speaker 1: the bike clips at the bottom of your trousers. 322 00:17:43,440 --> 00:17:45,320 Speaker 2: What did you know about bike pants because we went 323 00:17:45,359 --> 00:17:47,880 Speaker 2: on a bike ride. We raised what fifty thousand dollars 324 00:17:47,920 --> 00:17:48,800 Speaker 2: this year out of an eye. 325 00:17:48,840 --> 00:17:50,880 Speaker 1: And if you know how if you're and you didn't come, yeah, 326 00:17:50,880 --> 00:17:53,159 Speaker 1: I know. But if you're riding, say to work, and 327 00:17:53,160 --> 00:17:55,520 Speaker 1: you're wearing your proper kind of work pants, and you 328 00:17:55,560 --> 00:17:59,000 Speaker 1: get the clips around the basis of the base for years, yeah, right, 329 00:17:59,040 --> 00:18:01,320 Speaker 1: and so that way it stops the bottom of your 330 00:18:01,320 --> 00:18:04,920 Speaker 1: pant legs from flapping. What I'm suggesting, yes, clip around 331 00:18:04,960 --> 00:18:08,520 Speaker 1: the base of the of the ankle. Then you can 332 00:18:08,560 --> 00:18:10,480 Speaker 1: just pop them into your pants and you could fit 333 00:18:10,520 --> 00:18:13,280 Speaker 1: probably two hundred dollars worth of coins. You will look 334 00:18:13,840 --> 00:18:18,240 Speaker 1: very odd, sound, yes, very odd, But that's the way 335 00:18:18,280 --> 00:18:19,640 Speaker 1: I would do it if I. 336 00:18:19,640 --> 00:18:23,480 Speaker 2: Was, if I was to think this through, master criminal. 337 00:18:23,640 --> 00:18:25,080 Speaker 2: There you go, Untold Riches. 338 00:18:25,200 --> 00:18:31,320 Speaker 1: Anyway, my story, there's only one story, Adam, that can 339 00:18:31,359 --> 00:18:35,560 Speaker 1: win this category because we are talking about untold. But 340 00:18:35,600 --> 00:18:42,480 Speaker 1: you don't need to concede Untold Riches the richest shipwreck 341 00:18:43,200 --> 00:18:47,000 Speaker 1: of all types. This isn't just the richest shipwreck of 342 00:18:47,040 --> 00:18:52,400 Speaker 1: this year, of this decade. This is the richest shipwreck 343 00:18:52,480 --> 00:18:54,840 Speaker 1: of all times. So that counts even back as far 344 00:18:54,880 --> 00:18:56,600 Speaker 1: as the dinosaurs. Do you know? 345 00:18:56,640 --> 00:18:57,280 Speaker 2: The way to. 346 00:18:59,520 --> 00:19:03,679 Speaker 1: It is giving up its treasures at last? The first 347 00:19:03,720 --> 00:19:07,560 Speaker 1: treasures emerged this week from the San Jose. It's sank 348 00:19:07,600 --> 00:19:12,000 Speaker 1: off Colombia, three hundred plus years ago, carrying great big 349 00:19:12,040 --> 00:19:17,960 Speaker 1: freeway carrying how much was yours? Sorry shown two million dollars? Okay, well, 350 00:19:18,000 --> 00:19:21,119 Speaker 1: this pan in the pan in the pants, this has 351 00:19:21,160 --> 00:19:31,800 Speaker 1: got three t thirty thirty billion dollars, So just two million, 352 00:19:32,119 --> 00:19:32,879 Speaker 1: thirty billion. 353 00:19:33,920 --> 00:19:36,119 Speaker 2: Technical? How much of that thirty billion has come up 354 00:19:36,240 --> 00:19:36,600 Speaker 2: so far? 355 00:19:37,440 --> 00:19:42,679 Speaker 1: Probably a small amount, a fraction, a fraction. I wonder 356 00:19:43,960 --> 00:19:47,520 Speaker 1: they've taken up some coins, gold coins so far. They've 357 00:19:47,560 --> 00:19:51,040 Speaker 1: got a cannon. I actually tipped that. I would suggest 358 00:19:51,040 --> 00:19:52,840 Speaker 1: that that cannon on its own would be worth more 359 00:19:52,880 --> 00:19:53,600 Speaker 1: than two million dollars. 360 00:19:53,600 --> 00:19:55,320 Speaker 2: Would bring up a ken that like all these riches. 361 00:19:55,359 --> 00:19:56,600 Speaker 2: I mean, the can is pretty heavy. 362 00:19:56,680 --> 00:19:58,840 Speaker 1: It's like all the small things that you if you 363 00:19:58,920 --> 00:20:02,320 Speaker 1: were diving down there stuffing stuff into your pants with 364 00:20:02,760 --> 00:20:04,400 Speaker 1: the clips around your pants, maybe you. 365 00:20:04,320 --> 00:20:05,280 Speaker 2: Do want a cannon down there? 366 00:20:05,320 --> 00:20:08,920 Speaker 1: How much room you got the. 367 00:20:10,920 --> 00:20:13,600 Speaker 2: Is that a canon in your pants? 368 00:20:14,080 --> 00:20:21,040 Speaker 1: Yes? From the San Jose gold silver emeralds. This is 369 00:20:22,359 --> 00:20:25,479 Speaker 1: real sunken treasure. This isn't just like, oh yeah, there 370 00:20:25,480 --> 00:20:27,679 Speaker 1: were some artworks on there. Oh yeah, there were some 371 00:20:27,720 --> 00:20:31,920 Speaker 1: pots and pants type things. Absolutely, this is like if 372 00:20:31,960 --> 00:20:36,040 Speaker 1: you would have in a picture book. This is real, 373 00:20:36,240 --> 00:20:40,920 Speaker 1: honest to god sunk sunken treasure. State secret. Where this 374 00:20:41,000 --> 00:20:44,320 Speaker 1: actually is. We know that is off off Columbia. The 375 00:20:44,359 --> 00:20:46,399 Speaker 1: government will not tell anyone because I need to stop 376 00:20:46,640 --> 00:20:51,840 Speaker 1: treasure hunters, ruffians, scoundrels who might go pirates. Yeah, pirates, yeah, 377 00:20:51,880 --> 00:20:55,040 Speaker 1: modern day pirates. They brought up, as I said, gold coins, cannon, 378 00:20:55,080 --> 00:20:58,520 Speaker 1: a porcelain cup. That is only the beginning. There is 379 00:20:58,680 --> 00:21:00,919 Speaker 1: thirty billion dollars worth of treasure on board this. The 380 00:21:00,920 --> 00:21:03,760 Speaker 1: bigger issue is who owned it, because the Colombian governments 381 00:21:04,320 --> 00:21:07,760 Speaker 1: that they discovered it in twenty fifteen. A US company 382 00:21:07,920 --> 00:21:10,880 Speaker 1: says that they actually found it in the eighties. They're 383 00:21:10,880 --> 00:21:14,119 Speaker 1: in a legal battle now with Columbia. They want a 384 00:21:14,160 --> 00:21:17,240 Speaker 1: ten billion dollar share. The Spanish have made a claim 385 00:21:17,280 --> 00:21:19,000 Speaker 1: to it because it was technically their ship. 386 00:21:19,040 --> 00:21:19,720 Speaker 2: We stole it. 387 00:21:19,840 --> 00:21:23,479 Speaker 1: Yeah, the indigenous Bolivians, the indigenous Bolivians say the treasure 388 00:21:23,560 --> 00:21:26,440 Speaker 1: was actually stolen from them, so therefore they are entitled 389 00:21:26,480 --> 00:21:32,359 Speaker 1: to a share. This story has everything untold riches on 390 00:21:32,480 --> 00:21:36,880 Speaker 1: an unimaginable scale, more than you can possibly fit into 391 00:21:36,920 --> 00:21:37,399 Speaker 1: your pants. 392 00:21:38,880 --> 00:21:40,280 Speaker 3: We hope it's still there. 393 00:21:40,280 --> 00:21:41,840 Speaker 1: Right, Yeah, by me, clearly. 394 00:21:42,000 --> 00:21:46,120 Speaker 3: But the porcelain cup is a reasonably modest treasure. 395 00:21:46,240 --> 00:21:49,320 Speaker 1: Yeah. But gold they brought up gold. They brought that cannon. Honestly, 396 00:21:49,359 --> 00:21:51,440 Speaker 1: that cannon will sell. I mean, I'm a bit of 397 00:21:51,480 --> 00:21:55,280 Speaker 1: a cannon expert. I would suggest that you're looking at 398 00:21:55,280 --> 00:21:59,600 Speaker 1: four point eight pounds a roadshow. 399 00:22:00,359 --> 00:22:05,359 Speaker 3: Yes, okay, So Michael, you have to win on the 400 00:22:05,440 --> 00:22:06,800 Speaker 3: value in the theater. 401 00:22:07,000 --> 00:22:11,000 Speaker 1: I do think if mine's a Betty, what a good story. 402 00:22:11,760 --> 00:22:12,399 Speaker 2: Every year. 403 00:22:13,840 --> 00:22:18,320 Speaker 3: S just with the couple in cohoots over years, like 404 00:22:18,480 --> 00:22:21,840 Speaker 3: parking meter by parking meter, and they've said two years, 405 00:22:21,880 --> 00:22:24,760 Speaker 3: but surely in the last two years, including covid rite 406 00:22:25,080 --> 00:22:28,480 Speaker 3: coins would have been far lesser. I haven't thought too 407 00:22:28,520 --> 00:22:29,200 Speaker 3: much about this. 408 00:22:29,440 --> 00:22:31,560 Speaker 2: I reckon it is keeping him in Ciggy's for a 409 00:22:31,600 --> 00:22:32,960 Speaker 2: long time, That's what i'd say. 410 00:22:33,119 --> 00:22:35,119 Speaker 3: So you know they empty out. I remember seeing the 411 00:22:35,119 --> 00:22:37,400 Speaker 3: parking meters here they'd empty that put him in a 412 00:22:37,440 --> 00:22:39,199 Speaker 3: bank sack and then take them to the bank. But 413 00:22:39,240 --> 00:22:41,840 Speaker 3: you'd have to be going like one for the company 414 00:22:42,000 --> 00:22:43,960 Speaker 3: or one for the council, one for me. 415 00:22:44,119 --> 00:22:46,560 Speaker 2: I mean, like, yes, exactly. It's not like they could 416 00:22:46,560 --> 00:22:47,280 Speaker 2: tag all the money. 417 00:22:47,280 --> 00:22:51,000 Speaker 3: Couldn't start at all a bit low this year. 418 00:22:50,880 --> 00:22:55,600 Speaker 1: Forty and thirty eight, again it's fifteen year olds fresh 419 00:22:55,600 --> 00:22:58,639 Speaker 1: out of school, child criminals. Yes, I like this, So 420 00:22:58,720 --> 00:23:01,520 Speaker 1: I won that one. You did, but it's not really. 421 00:23:01,560 --> 00:23:03,680 Speaker 2: It's a moral victory to me because my story. 422 00:23:03,440 --> 00:23:04,760 Speaker 1: Was better, but you felt you had to get it 423 00:23:04,960 --> 00:23:09,120 Speaker 1: absolutely blinking wasn't. And we all know it. Everyone loves 424 00:23:09,119 --> 00:23:11,480 Speaker 1: a good shipwreck, and the richest shipwreck of all time 425 00:23:11,640 --> 00:23:16,440 Speaker 1: is a worthy winner. Okay, let's do a favorite story. 426 00:23:17,280 --> 00:23:18,119 Speaker 2: Do you want to go first? 427 00:23:18,320 --> 00:23:23,040 Speaker 1: You know what I think I will, because Adam, there 428 00:23:23,119 --> 00:23:28,960 Speaker 1: is an Sean touched on this earlier, no more important 429 00:23:29,000 --> 00:23:35,159 Speaker 1: time for Australian retailers, and therefore the Australian economy, plus 430 00:23:35,320 --> 00:23:38,679 Speaker 1: the everyday Steve and casual Mary out doing their Christmas 431 00:23:38,680 --> 00:23:42,880 Speaker 1: shopping early, then the Black Friday sales, and we are 432 00:23:42,920 --> 00:23:45,160 Speaker 1: in the absolute thick of it. Now we have Black 433 00:23:45,160 --> 00:23:50,879 Speaker 1: Friday yesterday, we have Cyber Monday coming up on Monday. Unsurprisingly, 434 00:23:51,200 --> 00:23:55,159 Speaker 1: probably got to guess that one yourself. This is and 435 00:23:55,240 --> 00:23:59,600 Speaker 1: I cannot emphasize this enough, absolutely critical for the health 436 00:23:59,640 --> 00:24:03,680 Speaker 1: of a Stralian businesses. Six million Australians or more are 437 00:24:03,720 --> 00:24:06,239 Speaker 1: expected to take part. On average they'll fork out eight 438 00:24:06,359 --> 00:24:09,000 Speaker 1: hundred and four dollars each. This is bigger than Christmas, 439 00:24:09,000 --> 00:24:11,399 Speaker 1: it is bigger than Boxing Day. It's his tip to 440 00:24:11,440 --> 00:24:16,959 Speaker 1: be the biggest Black Friday Cyber Monday ever. And Adam, 441 00:24:17,600 --> 00:24:22,920 Speaker 1: as the self appointed ambassador for small business and Australian retailers, 442 00:24:23,359 --> 00:24:27,080 Speaker 1: this is me, I say. I say, as the self 443 00:24:27,080 --> 00:24:29,960 Speaker 1: appointed ambassador for small business and Australian retailers. I say 444 00:24:30,000 --> 00:24:33,399 Speaker 1: that this is my favorite story and for you potentially 445 00:24:33,600 --> 00:24:39,360 Speaker 1: to say otherwise is both Australian, anti business, an Australian 446 00:24:40,359 --> 00:24:46,199 Speaker 1: and just just wrong, just wrong. Okay, you did not 447 00:24:46,200 --> 00:24:47,920 Speaker 1: write a single thing down that entire time. 448 00:24:48,520 --> 00:24:51,640 Speaker 2: Just let me jump in my favorite story. I've got two. 449 00:24:51,960 --> 00:24:54,720 Speaker 2: I don't care Christmas two one I'm going to give 450 00:24:54,720 --> 00:24:58,240 Speaker 2: you in fifteen seconds. Seeing diplomacy in real life. So 451 00:24:58,280 --> 00:25:00,480 Speaker 2: we had discussions between the US and Moscow than Uess 452 00:25:00,520 --> 00:25:03,320 Speaker 2: and Kiev, and then we're not actually having discussions between 453 00:25:03,320 --> 00:25:05,520 Speaker 2: Moscow and Kiev. We wouldn't want the two actual parties 454 00:25:05,560 --> 00:25:08,080 Speaker 2: involved in the war to be talking to each other. No, no, no, 455 00:25:08,280 --> 00:25:10,800 Speaker 2: we're from a twenty eight point plan to a nineteen 456 00:25:10,800 --> 00:25:12,960 Speaker 2: point plan. We don't know where it is. But it's 457 00:25:13,000 --> 00:25:16,880 Speaker 2: really interesting watching diplomacy in real time. You don't get 458 00:25:16,880 --> 00:25:21,359 Speaker 2: that very much cracking story. However, the other story, totally 459 00:25:21,440 --> 00:25:24,680 Speaker 2: unrelated to that was the study a collection of eight 460 00:25:24,840 --> 00:25:27,960 Speaker 2: canine genomics papers which. 461 00:25:29,960 --> 00:25:32,840 Speaker 1: Precluded he reacted the same way to that as he 462 00:25:32,880 --> 00:25:33,560 Speaker 1: did to your. 463 00:25:36,400 --> 00:25:43,240 Speaker 2: The witch concluded, right, yes, that Maggie, your. 464 00:25:43,200 --> 00:25:44,520 Speaker 1: Little cavertle. 465 00:25:45,640 --> 00:25:49,640 Speaker 2: Included in Bread number one. 466 00:25:51,080 --> 00:25:52,960 Speaker 3: She's wearing a cone on her head at the moment. 467 00:25:54,720 --> 00:26:00,199 Speaker 2: What from it's non attractive thing to talk about in 468 00:26:00,280 --> 00:26:04,760 Speaker 2: Bread being sequenced part Wolf. 469 00:26:05,000 --> 00:26:07,439 Speaker 3: Yes, she's a lot of wolf. 470 00:26:07,800 --> 00:26:09,280 Speaker 2: She's a lot of wolf. So I've got a beast 471 00:26:09,280 --> 00:26:14,240 Speaker 2: of dog American cocker spaniel called Flu and Flu is 472 00:26:14,280 --> 00:26:19,840 Speaker 2: as beastly as the name suggests, and cock spaniels particularly 473 00:26:19,960 --> 00:26:22,879 Speaker 2: wolfish because littles are a real problem because they're all 474 00:26:22,920 --> 00:26:23,240 Speaker 2: in bread. 475 00:26:24,960 --> 00:26:29,480 Speaker 1: So you've mentioned, I got nothing more. 476 00:26:29,320 --> 00:26:29,800 Speaker 3: To say. 477 00:26:31,480 --> 00:26:32,720 Speaker 2: Of my favorite stories. 478 00:26:32,440 --> 00:26:37,719 Speaker 3: There, International diplomacy on the brink of well hopefully closing 479 00:26:37,720 --> 00:26:39,080 Speaker 3: a war plus. 480 00:26:38,760 --> 00:26:43,480 Speaker 1: Wolves, yeah, versus the lifeblood of the Australian economy. 481 00:26:44,280 --> 00:26:46,000 Speaker 3: Black Friday, Cyber Monday. 482 00:26:47,200 --> 00:26:49,720 Speaker 1: What's new about that story which is happening right now, 483 00:26:50,720 --> 00:26:52,560 Speaker 1: right now, even while we're standing. 484 00:26:52,320 --> 00:26:53,679 Speaker 2: Here, allowed, isn't he sometimes? 485 00:26:53,880 --> 00:26:57,000 Speaker 1: Sorry, I'm getting text messages from retailers saying, don't forget 486 00:26:57,000 --> 00:26:59,960 Speaker 1: cyber Monday. It is everywhere. There's a sense of desperation. 487 00:27:00,600 --> 00:27:05,520 Speaker 1: B FC, there is a sense of desperation from me. Okay, 488 00:27:05,560 --> 00:27:06,280 Speaker 1: all right, go on. 489 00:27:06,640 --> 00:27:11,320 Speaker 3: So as interesting as the wolf and genealogy, is that 490 00:27:11,400 --> 00:27:14,480 Speaker 3: the right words or the. 491 00:27:14,520 --> 00:27:17,560 Speaker 1: Data is sign up your dog do ancestry dot com. 492 00:27:19,320 --> 00:27:19,679 Speaker 3: Tracket. 493 00:27:20,280 --> 00:27:21,040 Speaker 1: That would be cool. 494 00:27:22,520 --> 00:27:25,760 Speaker 3: So I'm gonna go with Sean's story. 495 00:27:26,119 --> 00:27:28,440 Speaker 1: No, that was you can't have two stories. 496 00:27:29,520 --> 00:27:32,119 Speaker 3: Well, I'm kind of ignoring the wolf one because that 497 00:27:32,240 --> 00:27:33,560 Speaker 3: was just lovely. 498 00:27:33,320 --> 00:27:36,240 Speaker 2: Color and with lovely color, Yeah, totally. 499 00:27:35,840 --> 00:27:39,240 Speaker 3: You know, for everyone, a little win for every little nugget. So, 500 00:27:39,359 --> 00:27:44,919 Speaker 3: but the just Trump and his mate Putin having chats 501 00:27:44,920 --> 00:27:48,480 Speaker 3: on one side and then Europe and Kiev on the other, 502 00:27:48,600 --> 00:27:54,320 Speaker 3: It's like, what the hell is bizarre? Absolutely bizarre four 503 00:27:54,440 --> 00:27:58,040 Speaker 3: years of warfare? Yeah it is. It's an incredible story 504 00:27:58,480 --> 00:28:00,480 Speaker 3: and hopefully we'll get some Three. 505 00:28:00,920 --> 00:28:03,520 Speaker 1: Hang on, did you just rule again? Just what one 506 00:28:03,560 --> 00:28:07,199 Speaker 1: final point? Did you just rule against Australian small business 507 00:28:07,320 --> 00:28:11,080 Speaker 1: and retailers? No, did you rule in favor of me? 508 00:28:12,280 --> 00:28:12,480 Speaker 2: Four? 509 00:28:13,280 --> 00:28:17,480 Speaker 3: Moder diplomacy, Yeah, international warfare being closed down. 510 00:28:18,040 --> 00:28:19,320 Speaker 1: I never pickedure for a comic. 511 00:28:22,200 --> 00:28:27,960 Speaker 3: Really, I thought I'd revealed my hand way before. 512 00:28:29,240 --> 00:28:29,719 Speaker 2: The commie. 513 00:28:32,800 --> 00:28:36,399 Speaker 1: Okay, three to one. I took it well as away 514 00:28:36,520 --> 00:28:39,640 Speaker 1: as you can say. Okay, good stuff do we have? 515 00:28:39,680 --> 00:28:40,560 Speaker 1: Do we need the points? 516 00:28:40,920 --> 00:28:44,080 Speaker 3: Eighty nine Michael ninety two, Sean. 517 00:28:44,720 --> 00:28:45,960 Speaker 1: That's not a bad loss. 518 00:28:46,000 --> 00:28:50,360 Speaker 3: Really, yeah, given probably better story and I deserved USAK 519 00:28:50,440 --> 00:28:51,200 Speaker 3: stories are. 520 00:28:51,120 --> 00:28:53,840 Speaker 1: Real, Okay, Yeah, thank you, thank you very much, Adam, 521 00:28:53,880 --> 00:28:55,240 Speaker 1: Thank you Michael, and thank you Sean. 522 00:28:55,400 --> 00:28:57,480 Speaker 2: Thank you Michael, Thank you Adam. 523 00:28:57,880 --> 00:29:00,080 Speaker 1: Make sure you're following the podcast. Head to Fear and 524 00:29:00,120 --> 00:29:01,720 Speaker 1: Greed dot com today you to sign up for our 525 00:29:01,760 --> 00:29:05,400 Speaker 1: free daily newsletter. Oh, Michael Thompson. That was Fear and Greed. 526 00:29:05,600 --> 00:29:06,360 Speaker 1: Have a great weekend. 527 00:29:08,560 --> 00:29:08,800 Speaker 2: MH.