WEBVTT - The Albanese government's $1 billion computer

0:00:01.200 --> 0:00:09.879
<v Speaker 1>From Shorts Media on Rick Morton, This is seven am.

0:00:09.960 --> 0:00:13.160
<v Speaker 1>In high security labs from Silicon Valley to Mainland China,

0:00:13.360 --> 0:00:15.800
<v Speaker 1>researchers are racing to be the first to bring about

0:00:15.800 --> 0:00:19.599
<v Speaker 1>what has been dubbed Q Day. On that day, all

0:00:19.720 --> 0:00:22.560
<v Speaker 1>encryption and security could be laid bare, and the Internet

0:00:22.680 --> 0:00:27.080
<v Speaker 1>could essentially break the deepest plans of militaries around the world.

0:00:27.120 --> 0:00:31.120
<v Speaker 1>All of their medical records and private encrypted conversations could

0:00:31.120 --> 0:00:34.800
<v Speaker 1>be exposed. And that's because Q Day is the day

0:00:34.800 --> 0:00:37.960
<v Speaker 1>the most powerful machine ever imagined comes online, the first

0:00:38.320 --> 0:00:42.040
<v Speaker 1>fault free quantum computer. No one knows whether it's months

0:00:42.159 --> 0:00:46.040
<v Speaker 1>or decades away. Today, special correspondent for the Saturday Paper,

0:00:46.120 --> 0:00:49.400
<v Speaker 1>Jason Kotsukas on why Australia wants to join the race

0:00:49.680 --> 0:00:52.159
<v Speaker 1>and why one company got the billion dollar deal to

0:00:52.200 --> 0:01:12.319
<v Speaker 1>do it. That's coming up the break. Jason Einstein thought

0:01:12.360 --> 0:01:15.640
<v Speaker 1>some of the implications of quantum physics were downright spooky

0:01:15.680 --> 0:01:17.679
<v Speaker 1>when he first heard about them, and it seems fitting

0:01:17.680 --> 0:01:20.840
<v Speaker 1>that the global race to build a quantum computer on

0:01:21.040 --> 0:01:24.880
<v Speaker 1>these theories is just as strange and compelling. What's the

0:01:24.880 --> 0:01:26.520
<v Speaker 1>promise of the technology.

0:01:27.000 --> 0:01:31.039
<v Speaker 2>It's a great question, Rick, I must say, I've always

0:01:31.080 --> 0:01:35.760
<v Speaker 2>been interested in the idea of a quantum computer because

0:01:36.160 --> 0:01:38.000
<v Speaker 2>you hear so much promise.

0:01:39.480 --> 0:01:44.759
<v Speaker 3>The quantum computer pushes the limits of knowledge, new science,

0:01:45.200 --> 0:01:50.440
<v Speaker 3>new engineering, all leading to this processor that computes with

0:01:50.560 --> 0:01:53.680
<v Speaker 3>the atomic forces that created the universe.

0:01:54.640 --> 0:01:59.040
<v Speaker 2>You know, these are incredibly fast machines that you know.

0:01:59.080 --> 0:02:01.440
<v Speaker 2>What we're told is that such a device, you know,

0:02:01.520 --> 0:02:05.680
<v Speaker 2>like this could help address some of the world's biggest problems,

0:02:05.920 --> 0:02:07.840
<v Speaker 2>you know, climate change, food security.

0:02:08.040 --> 0:02:10.920
<v Speaker 1>If we think about what quantum computing is going to

0:02:10.919 --> 0:02:13.720
<v Speaker 1>be capable of, that's the kind of stuff we're thinking about.

0:02:13.639 --> 0:02:16.880
<v Speaker 4>Right, Yeah, you see, quantum computers are the ultimate computers

0:02:16.880 --> 0:02:19.880
<v Speaker 4>because they're competing on atoms. If there are aliens in

0:02:19.919 --> 0:02:22.520
<v Speaker 4>out of space, and I think there are, it means

0:02:22.520 --> 0:02:25.400
<v Speaker 4>that they also have perfected quantum computers.

0:02:25.760 --> 0:02:29.240
<v Speaker 2>And then perhaps on a more negative side, these computers

0:02:29.360 --> 0:02:32.280
<v Speaker 2>are so powerful that they could in a sense, you know,

0:02:32.360 --> 0:02:36.080
<v Speaker 2>break the Internet, crack all of the cryptography that we

0:02:36.240 --> 0:02:40.239
<v Speaker 2>use every day to secure our data. Fundamentally, this is

0:02:41.280 --> 0:02:45.639
<v Speaker 2>a world changing race to develop the world's first quantum computer.

0:02:45.919 --> 0:02:53.320
<v Speaker 4>We're looking at a race a race between China between IBM, Google, Microsoft, Honeywell.

0:02:53.480 --> 0:02:57.040
<v Speaker 5>President Jinping has said research and development in quantum science

0:02:57.280 --> 0:03:00.280
<v Speaker 5>is an urgent matter of national concern and the Tree

0:03:00.320 --> 0:03:04.799
<v Speaker 5>has invested heavily in this technology, spending billions in recent years.

0:03:05.080 --> 0:03:07.959
<v Speaker 2>You know, it's a race between the United States and China.

0:03:08.080 --> 0:03:10.160
<v Speaker 2>You know, will the US or China get there first.

0:03:10.520 --> 0:03:13.760
<v Speaker 2>Suddenly it seems like Australia is in this race as well.

0:03:14.480 --> 0:03:18.320
<v Speaker 1>This is a quantum leap into the next generation of

0:03:18.440 --> 0:03:21.560
<v Speaker 1>technology right here in Queensland.

0:03:21.760 --> 0:03:22.639
<v Speaker 3>For Queensland.

0:03:22.760 --> 0:03:26.480
<v Speaker 2>This is our moonshot for Queensland, this is our Project Apollo.

0:03:26.960 --> 0:03:30.040
<v Speaker 2>The go leading this push is Ed Husick. He's the

0:03:30.080 --> 0:03:32.120
<v Speaker 2>Minister for Industry and Science. He's also one of the

0:03:32.120 --> 0:03:34.880
<v Speaker 2>government's best plane speaking communicators.

0:03:35.200 --> 0:03:38.840
<v Speaker 6>Current classic computing it can do a lot, and I

0:03:38.880 --> 0:03:40.520
<v Speaker 6>know there will be a lot of you that think

0:03:40.800 --> 0:03:43.560
<v Speaker 6>that AI and computers at the moment can achieve a lot,

0:03:43.760 --> 0:03:46.840
<v Speaker 6>but they're going to hit a ceiling and quantum computing

0:03:46.880 --> 0:03:50.960
<v Speaker 6>will break through that, coming up with new ways to

0:03:51.160 --> 0:03:55.080
<v Speaker 6>find new drugs to help us in the transition to

0:03:56.280 --> 0:03:56.960
<v Speaker 6>net zero.

0:03:57.400 --> 0:04:02.760
<v Speaker 2>And Ed Huzick says that by betting a billion dollars

0:04:02.800 --> 0:04:07.240
<v Speaker 2>on this psy quantum company, which is based in California,

0:04:07.280 --> 0:04:10.200
<v Speaker 2>that Australia is suddenly at the head of this race.

0:04:10.440 --> 0:04:12.640
<v Speaker 1>Because that is what is at stake here. The government

0:04:12.680 --> 0:04:17.200
<v Speaker 1>has announced that this Californian based company, psy Quantum, is

0:04:17.240 --> 0:04:21.919
<v Speaker 1>going to produce the world's first useful useful quantum computer

0:04:22.920 --> 0:04:25.560
<v Speaker 1>right here in Brisbane, you know, just up the road

0:04:25.600 --> 0:04:28.599
<v Speaker 1>from where I am. Now, what have they announced exactly

0:04:28.640 --> 0:04:30.000
<v Speaker 1>and why have they gone overseas?

0:04:30.600 --> 0:04:34.760
<v Speaker 2>So what they've announced is that the Australian Government and

0:04:34.880 --> 0:04:39.479
<v Speaker 2>the Queensland government will invest almost a billion dollars. It's

0:04:39.480 --> 0:04:42.520
<v Speaker 2>going to be half from the Commonwealth and half from

0:04:42.920 --> 0:04:45.560
<v Speaker 2>the Queensland Government, and that money is going to be

0:04:45.600 --> 0:04:50.600
<v Speaker 2>a mixture of loans and equity. So Australian taxpayers will

0:04:50.640 --> 0:04:55.000
<v Speaker 2>actually have a stake in this company. In twenty twenty one,

0:04:55.040 --> 0:04:58.080
<v Speaker 2>it was valued at about five and a half billion

0:04:58.120 --> 0:05:02.640
<v Speaker 2>dollars Australian. So if they manage to build the world's

0:05:02.680 --> 0:05:07.080
<v Speaker 2>first useful quantum computer in Brisbane and it can do

0:05:07.160 --> 0:05:10.760
<v Speaker 2>all the things that you know we hear about, then

0:05:10.800 --> 0:05:14.200
<v Speaker 2>I think the value of that stake that Australian taxpayer's

0:05:14.200 --> 0:05:16.760
<v Speaker 2>own wills will certainly increase in value.

0:05:17.080 --> 0:05:19.760
<v Speaker 7>You've got people like Jeremo O'Brien and Terry Rudolph who

0:05:19.760 --> 0:05:23.960
<v Speaker 7>founded PSI Quantum in twenty fifteen. They left our shores because,

0:05:24.560 --> 0:05:27.240
<v Speaker 7>as is often the case, we've got Australians with great

0:05:27.279 --> 0:05:30.200
<v Speaker 7>ideas that don't get the backing, and it's other countries

0:05:30.600 --> 0:05:32.279
<v Speaker 7>that recognize their value before us.

0:05:32.640 --> 0:05:34.520
<v Speaker 2>You know, one of the things that Jeremy O'Brien has

0:05:34.560 --> 0:05:38.520
<v Speaker 2>said is the impact of quantum computing is going to

0:05:38.560 --> 0:05:42.599
<v Speaker 2>be more profound than any technology to date. And I

0:05:42.600 --> 0:05:45.160
<v Speaker 2>think that's a really good quote. It kind of says

0:05:45.160 --> 0:05:49.359
<v Speaker 2>it all. It's something that's going to be more powerful,

0:05:49.480 --> 0:05:52.520
<v Speaker 2>have more impact than artificial intelligence.

0:05:52.960 --> 0:05:56.160
<v Speaker 8>I believe the term impossible will soon be banished from

0:05:56.240 --> 0:05:59.800
<v Speaker 8>our field. We can see the path forward, a path

0:06:00.040 --> 0:06:04.480
<v Speaker 8>towards cleaner skies and seas and life saving drugs developed

0:06:04.480 --> 0:06:08.560
<v Speaker 8>faster than ever before. This quantum age is fast approaching

0:06:08.680 --> 0:06:10.719
<v Speaker 8>and it will be molded by Australian hands.

0:06:11.120 --> 0:06:13.000
<v Speaker 2>I guess the other thing we know is though that

0:06:13.800 --> 0:06:17.479
<v Speaker 2>a lot of venture capital bets don't pay off, and

0:06:17.520 --> 0:06:21.719
<v Speaker 2>if Psyquantum can't do what they say they can do,

0:06:22.279 --> 0:06:25.000
<v Speaker 2>then I think that's going to have repercussions for this

0:06:25.080 --> 0:06:28.279
<v Speaker 2>labor government and also for ed Husick, because they're promising

0:06:28.320 --> 0:06:32.080
<v Speaker 2>to build it by twenty twenty seven. So if Anthony

0:06:32.120 --> 0:06:34.880
<v Speaker 2>Albinezi wins the election next year, they'll still be in

0:06:34.880 --> 0:06:37.960
<v Speaker 2>government in twenty twenty seven and taxpayers are going to

0:06:37.960 --> 0:06:39.160
<v Speaker 2>start demanding results.

0:06:40.000 --> 0:06:41.760
<v Speaker 1>There's a little bit more to this story, I think,

0:06:42.000 --> 0:06:46.400
<v Speaker 1>which is precisely how Psyquantum came to be awarded the contract.

0:06:47.080 --> 0:06:50.200
<v Speaker 1>Can you walk me through I guess the timeline of

0:06:50.240 --> 0:06:53.240
<v Speaker 1>what happened and what decisions were made before Psychoontum was

0:06:53.279 --> 0:06:54.640
<v Speaker 1>even granted this opportunity.

0:06:55.080 --> 0:06:59.200
<v Speaker 2>You know, it's my understanding that Ed Musick began having

0:07:00.120 --> 0:07:05.120
<v Speaker 2>very informal discussions with people connected to psy Quantum in

0:07:05.200 --> 0:07:08.040
<v Speaker 2>the second half of twenty twenty two, and he moved

0:07:08.040 --> 0:07:11.760
<v Speaker 2>pretty quickly. Ed Musick had a few meetings with, you know,

0:07:11.840 --> 0:07:17.320
<v Speaker 2>different people who were connected to Piquantum, and it didn't

0:07:17.360 --> 0:07:21.200
<v Speaker 2>take much longer for him to say, Okay, why don't

0:07:21.200 --> 0:07:22.840
<v Speaker 2>I go over to California and have a look at

0:07:22.840 --> 0:07:26.320
<v Speaker 2>this company, meeting the people at si Quantum face to face,

0:07:26.400 --> 0:07:29.760
<v Speaker 2>having a tour of the headquarters, and as soon as

0:07:29.760 --> 0:07:33.000
<v Speaker 2>he got back he said to his department, let's get

0:07:33.000 --> 0:07:39.920
<v Speaker 2>to work on this. And that's exactly what happened. But

0:07:40.040 --> 0:07:42.800
<v Speaker 2>I think one Siquontum knew that they had ed music

0:07:42.840 --> 0:07:46.800
<v Speaker 2>on the hook. They went and engaged some pretty powerful

0:07:47.080 --> 0:07:51.160
<v Speaker 2>lobbyists who are quite close to the Labor Party, you know,

0:07:51.240 --> 0:07:58.560
<v Speaker 2>people like Richard Miles's former chief of staff and Jared Richardson,

0:07:58.920 --> 0:08:03.080
<v Speaker 2>who ran Labors communications team for the twenty nineteen election.

0:08:03.960 --> 0:08:09.480
<v Speaker 2>And then they also commissioned an economic impact report from Mandala.

0:08:10.400 --> 0:08:13.480
<v Speaker 2>This is another consultancy that's close to the Labor Party.

0:08:14.680 --> 0:08:18.920
<v Speaker 2>Amidst seeing the managing partner at Mandala, he was Bill

0:08:18.960 --> 0:08:22.880
<v Speaker 2>Shorton's deputy chief of Policy. He was a senior economic

0:08:22.920 --> 0:08:27.560
<v Speaker 2>advisor to Julie Gillard and Rudd. So psyde Quantum, they

0:08:27.600 --> 0:08:31.360
<v Speaker 2>got some pretty influential lobbyists who've certainly got the year

0:08:31.440 --> 0:08:34.599
<v Speaker 2>of some very powerful people in the government.

0:08:38.120 --> 0:08:40.720
<v Speaker 1>After break. What the reaction has been in Canberra to

0:08:40.720 --> 0:08:55.560
<v Speaker 1>the government putting so many eggs in one Quantum basket. So, Jason,

0:08:55.640 --> 0:08:58.160
<v Speaker 1>you've been looking at how Psy Quantum won this big

0:08:58.200 --> 0:09:02.160
<v Speaker 1>deal and around the same time in some pretty influential lobbis.

0:09:02.600 --> 0:09:04.679
<v Speaker 1>Did you find anything else out as you looked a

0:09:04.720 --> 0:09:05.679
<v Speaker 1>little bit deeper into it?

0:09:06.440 --> 0:09:13.280
<v Speaker 2>So Psy Quantum first approached the Australian government through Ostrade

0:09:13.600 --> 0:09:17.240
<v Speaker 2>I think as early as twenty nineteen, you know, trying

0:09:17.280 --> 0:09:20.319
<v Speaker 2>to attract the interest of the you know, the then

0:09:20.400 --> 0:09:23.760
<v Speaker 2>Morrison government to say this is a company that's worth

0:09:23.800 --> 0:09:28.079
<v Speaker 2>investing in. The Morrison government did take a look at it.

0:09:28.559 --> 0:09:31.520
<v Speaker 2>They said no the first time. Psy Quantum came back

0:09:31.559 --> 0:09:34.680
<v Speaker 2>a number of times, and then in twenty twenty one

0:09:34.760 --> 0:09:39.559
<v Speaker 2>when the Australian venture capital firm Blackbird got involved. I

0:09:39.600 --> 0:09:43.080
<v Speaker 2>think psy Quantum, you know, came back to the government again.

0:09:43.880 --> 0:09:48.800
<v Speaker 2>In twenty twenty two when Anthony Albiniti became Prime Minister.

0:09:48.880 --> 0:09:52.920
<v Speaker 2>I think psy Quantum thought, well, new government, new opportunity

0:09:53.040 --> 0:09:56.640
<v Speaker 2>to try to get someone interested in this idea. When

0:09:56.720 --> 0:10:01.280
<v Speaker 2>it comes to Blackbird, the Australian venture capital firm, Ed

0:10:01.360 --> 0:10:07.360
<v Speaker 2>Husick appointed to the National Quantum Advisory Committee a senior

0:10:07.400 --> 0:10:13.319
<v Speaker 2>associate at Blackbird. Her name is Claire Birch. And then

0:10:13.559 --> 0:10:18.319
<v Speaker 2>in December last year he appointed another Blackbird executive, the

0:10:18.400 --> 0:10:22.720
<v Speaker 2>head of Impact and also the operating principal at Blackbird.

0:10:22.960 --> 0:10:26.280
<v Speaker 2>Her name is Kate Glazebrook, and Minister Husick appointed her

0:10:26.320 --> 0:10:30.160
<v Speaker 2>to the seven member Industry, Innovation and Science Australia Board,

0:10:30.800 --> 0:10:34.160
<v Speaker 2>which advises the government on science, innovation and research matters

0:10:34.800 --> 0:10:38.120
<v Speaker 2>and is responsible for the promotion of investment in industry.

0:10:39.120 --> 0:10:42.560
<v Speaker 2>You know, Ed Husick has been at pains to emphasize that,

0:10:43.120 --> 0:10:46.600
<v Speaker 2>in his view, both of these committees very much at

0:10:46.679 --> 0:10:50.960
<v Speaker 2>arms length from the decision to invest in Side Quantum.

0:10:51.640 --> 0:10:55.080
<v Speaker 2>One thing we've been very careful to emphasize in this

0:10:55.200 --> 0:10:59.000
<v Speaker 2>story is we're not saying that there is a conflict

0:10:59.040 --> 0:11:02.800
<v Speaker 2>of interest in some of these relationships. But I think

0:11:02.800 --> 0:11:06.600
<v Speaker 2>often in politics it's the perception of a conflict of

0:11:06.640 --> 0:11:10.920
<v Speaker 2>interest that becomes the issue. More transparency was something that

0:11:11.240 --> 0:11:14.440
<v Speaker 2>Anthony I be easy promised in opposition, and I think

0:11:14.559 --> 0:11:18.600
<v Speaker 2>there are certainly questions to be asked here and I think,

0:11:19.160 --> 0:11:21.960
<v Speaker 2>you know, Australian taxpayers need to be satisfied that this

0:11:22.080 --> 0:11:25.920
<v Speaker 2>process was fair, open and transparent as possible.

0:11:26.360 --> 0:11:29.080
<v Speaker 1>Jason, we've been talking about this massive ambition of building

0:11:29.120 --> 0:11:33.160
<v Speaker 1>the first useful quantum computer. The deal has been made

0:11:33.200 --> 0:11:36.000
<v Speaker 1>with psy Quantum. There's been a little bit of kind

0:11:36.000 --> 0:11:38.839
<v Speaker 1>of scuttle about that deal. What's the reaction been in

0:11:38.920 --> 0:11:40.719
<v Speaker 1>camera to the announcement.

0:11:41.559 --> 0:11:45.480
<v Speaker 2>I think a lot of people were staggered by the

0:11:45.520 --> 0:11:49.240
<v Speaker 2>size of the investment in this company. You know, this

0:11:49.360 --> 0:11:54.800
<v Speaker 2>is almost unprecedented that an Australian government, in association with

0:11:54.840 --> 0:12:00.360
<v Speaker 2>the Queensland government would invest so much taxpayer funds into

0:12:00.400 --> 0:12:04.280
<v Speaker 2>the one company. So when it was announced, the immediate

0:12:04.320 --> 0:12:10.960
<v Speaker 2>reaction from people like Paul Fletcher, the Opposition's spokesman for Science,

0:12:11.679 --> 0:12:13.760
<v Speaker 2>he was absolutely flabbigasted.

0:12:14.080 --> 0:12:19.920
<v Speaker 9>This process has been clouded in secrecy. There was there

0:12:20.000 --> 0:12:24.040
<v Speaker 9>was no public, transparent expression of interest process to call

0:12:24.120 --> 0:12:27.120
<v Speaker 9>for applications. A small number of companies, as I understand it,

0:12:27.480 --> 0:12:30.600
<v Speaker 9>were invited to participate, but they were required to sign

0:12:31.120 --> 0:12:34.400
<v Speaker 9>non disclosure agreements and he.

0:12:34.440 --> 0:12:37.439
<v Speaker 2>Wasn't the only one. Well, we haven't seen it publicly

0:12:37.559 --> 0:12:42.839
<v Speaker 2>because a lot of the quantum computing people here in

0:12:42.920 --> 0:12:48.400
<v Speaker 2>Australia are dependent on federal government funding. But their reaction, well,

0:12:48.480 --> 0:12:52.240
<v Speaker 2>publicly people have been saying this is a good idea

0:12:52.280 --> 0:12:55.000
<v Speaker 2>and they've backed it. Privately, there's a lot of anger

0:12:55.080 --> 0:12:58.760
<v Speaker 2>and concern that the federal government is putting so much

0:12:58.800 --> 0:13:03.000
<v Speaker 2>money into one saying, gee, I thought money was scarce

0:13:03.080 --> 0:13:06.679
<v Speaker 2>and there wasn't any kind of money for us, but

0:13:06.720 --> 0:13:09.199
<v Speaker 2>suddenly the government's gone and given a billion dollars to

0:13:09.840 --> 0:13:12.880
<v Speaker 2>one company, and they are saying, well, why not spread

0:13:12.880 --> 0:13:17.160
<v Speaker 2>this money around and give us all a more equal

0:13:17.280 --> 0:13:22.560
<v Speaker 2>chance of developing quantum computing in Australia. So I think

0:13:22.600 --> 0:13:27.520
<v Speaker 2>people were really shocked and surprised at the size of

0:13:27.520 --> 0:13:28.160
<v Speaker 2>the investment.

0:13:28.920 --> 0:13:31.360
<v Speaker 1>And of course I can't help but notice the symmetry

0:13:31.360 --> 0:13:36.800
<v Speaker 1>between psy Quantum's attempts at trying every possible available route

0:13:36.800 --> 0:13:39.360
<v Speaker 1>to get government interested in making the investment and the

0:13:39.400 --> 0:13:43.200
<v Speaker 1>technology itself, which is allowing a quantum computer to try

0:13:43.400 --> 0:13:49.360
<v Speaker 1>every conceivable calculation in as few steps as possible. Did

0:13:49.400 --> 0:13:52.200
<v Speaker 1>we make the right decision in going with psy Quantum

0:13:52.280 --> 0:13:55.320
<v Speaker 1>given this race is so important.

0:13:55.320 --> 0:13:58.040
<v Speaker 2>Well, this might be a case like Blue Poles. You know,

0:13:58.559 --> 0:14:02.480
<v Speaker 2>the painting that off Whitlam brought to much public outcry

0:14:02.520 --> 0:14:06.400
<v Speaker 2>for a million dollars in the nineteen seventies. The value

0:14:06.440 --> 0:14:09.840
<v Speaker 2>of Bluepoles today has been a great return on that investment,

0:14:09.920 --> 0:14:13.000
<v Speaker 2>despite the controversy at the time. We might say the

0:14:13.040 --> 0:14:15.920
<v Speaker 2>same thing happened with psy Quantum, that this big stake

0:14:16.000 --> 0:14:18.679
<v Speaker 2>that we've taken in si Quantum. Yes, there's a lot

0:14:18.679 --> 0:14:21.560
<v Speaker 2>of outcry. Now in twenty years we might be saying

0:14:21.880 --> 0:14:24.320
<v Speaker 2>this is one of the best investments the Australian government's

0:14:24.320 --> 0:14:27.520
<v Speaker 2>ever made. But it's impossible to know that now. And

0:14:27.560 --> 0:14:30.120
<v Speaker 2>there's also a big chance that this company might not

0:14:30.160 --> 0:14:31.760
<v Speaker 2>be able to do what it says it can.

0:14:32.240 --> 0:14:34.800
<v Speaker 1>And in the meantime, it's CUBID set one thousand paces.

0:14:34.920 --> 0:14:37.600
<v Speaker 1>That's right, Jason, Thank you so much for taking the

0:14:37.640 --> 0:14:38.840
<v Speaker 1>time to steak with me today.

0:14:39.280 --> 0:15:00.000
<v Speaker 2>Rick, It's been a great pleasure to speak with you.

0:15:01.960 --> 0:15:06.200
<v Speaker 1>Also in the news today, Australia has a new governor general. Lawyer,

0:15:06.320 --> 0:15:09.800
<v Speaker 1>businesswoman and former AFL commissioner Sam Mostyn was sworn in yesterday.

0:15:10.240 --> 0:15:13.840
<v Speaker 1>She's only the second woman to hold the position. And

0:15:13.960 --> 0:15:16.560
<v Speaker 1>President Joe Biden met with his family at Camp David

0:15:16.640 --> 0:15:19.200
<v Speaker 1>yesterday to discuss the prospect of dropping out of the

0:15:19.200 --> 0:15:22.280
<v Speaker 1>presidential race. Who has been reported the family has merged

0:15:22.320 --> 0:15:26.520
<v Speaker 1>with a resounding view of continuing in the campaign. The

0:15:26.560 --> 0:15:28.520
<v Speaker 1>New York Times has reported the most adamant voice in

0:15:28.520 --> 0:15:31.600
<v Speaker 1>the room was his son Hunter Biden, who argued voters

0:15:31.600 --> 0:15:35.040
<v Speaker 1>needed to meet the Joe Biden that he knows. Hunter

0:15:35.160 --> 0:15:37.400
<v Speaker 1>was convicted of felony weapons charges last month.