1 00:00:06,280 --> 00:00:09,320 Speaker 1: Welcome to Fear and Greed business news you can use today. 2 00:00:09,440 --> 00:00:12,080 Speaker 1: Oil gas and gold price is set to soar after 3 00:00:12,200 --> 00:00:15,600 Speaker 1: US and israel forces kill the leader of Iran. House 4 00:00:15,640 --> 00:00:18,880 Speaker 1: price is in Sydney and Melbourne flatline, and Anthony Albinizi 5 00:00:18,960 --> 00:00:21,040 Speaker 1: takes a hit to his popularity on the back of 6 00:00:21,120 --> 00:00:25,120 Speaker 1: Angus Taylor's rise, plus Woolworth's winso ground in the battle 7 00:00:25,120 --> 00:00:29,360 Speaker 1: against Coles and Paramount Skydance set to buy Warner Brothers Discovery. 8 00:00:29,400 --> 00:00:32,080 Speaker 1: It is Monday, the second of March twenty twenty six. 9 00:00:32,159 --> 00:00:34,440 Speaker 1: I'm Michael Thompson and good morning Sean Aylmer. 10 00:00:34,720 --> 00:00:36,600 Speaker 2: Good morning, Michael, Sean. 11 00:00:36,720 --> 00:00:39,640 Speaker 1: Plenty of news today. It has been quite the weekend. 12 00:00:39,840 --> 00:00:43,599 Speaker 1: The main story this morning. Hundreds of Australian travelers are 13 00:00:43,600 --> 00:00:46,400 Speaker 1: stranded and equity markets are really set for a very 14 00:00:46,479 --> 00:00:49,920 Speaker 1: rocky start to the week following the assassination of Iranian 15 00:00:50,800 --> 00:00:55,000 Speaker 1: Supreme Leader Ali Harmene by US and Israeli forces over 16 00:00:55,040 --> 00:00:59,120 Speaker 1: the weekend. They attacked and killed Hamone, as well as 17 00:00:59,160 --> 00:01:02,480 Speaker 1: the Armed Forces chief of Staff and the Defense Minister. 18 00:01:02,600 --> 00:01:05,479 Speaker 1: US President Donald Trump said he ordered the strike because 19 00:01:05,480 --> 00:01:09,800 Speaker 1: of imminent threats posed by the regime. Iran then responded 20 00:01:09,800 --> 00:01:15,759 Speaker 1: by attacking Israel, Doha, and Dubai, really countries and areas 21 00:01:15,760 --> 00:01:18,880 Speaker 1: that have been considered relatively safe, certainly for that part 22 00:01:18,920 --> 00:01:21,520 Speaker 1: of the world at least. Iran warned that there would 23 00:01:21,520 --> 00:01:24,640 Speaker 1: be further bombings in the region, and US President Donald 24 00:01:24,680 --> 00:01:27,880 Speaker 1: Trump said that if that went ahead, Iran would be 25 00:01:27,959 --> 00:01:31,440 Speaker 1: hit with a force never seen before. He called on 26 00:01:31,640 --> 00:01:35,920 Speaker 1: Iranian people to rise up and for government forces to surrender. 27 00:01:36,600 --> 00:01:39,160 Speaker 2: Par in the country, Michael has been passed temporarily to 28 00:01:39,200 --> 00:01:43,840 Speaker 2: the President in Judiciary Chief. Global reaction was swift, as 29 00:01:43,840 --> 00:01:48,080 Speaker 2: you could imagine. No country really criticized, well, not very 30 00:01:48,080 --> 00:01:52,280 Speaker 2: few countries criticized the strikes, though many European countries and 31 00:01:52,400 --> 00:01:56,000 Speaker 2: the United Nations called for a negotiated solution. One country 32 00:01:56,080 --> 00:01:59,560 Speaker 2: who did condemn it was Russia, one of Iran's few allies. 33 00:02:00,120 --> 00:02:02,639 Speaker 2: Prime Minister Anthony Albernez. He said he was deeply concerned 34 00:02:02,640 --> 00:02:05,640 Speaker 2: about the regional escalation. He hoped for a swift resolution. 35 00:02:06,160 --> 00:02:10,079 Speaker 2: He certainly didn't come out against the strikes. So generally, 36 00:02:10,160 --> 00:02:14,200 Speaker 2: I mean, Iran is a prior in the globe and 37 00:02:14,360 --> 00:02:18,200 Speaker 2: no one really is coming out except for Russia. At 38 00:02:18,200 --> 00:02:21,880 Speaker 2: this point. There have been demonstrations around the world, including 39 00:02:21,880 --> 00:02:26,560 Speaker 2: in Sydney and Melbourne celebrating Hameni's death. Though the vacuum 40 00:02:26,560 --> 00:02:29,080 Speaker 2: at the top of government means there's an enormous instability 41 00:02:29,080 --> 00:02:29,560 Speaker 2: in the region. 42 00:02:29,560 --> 00:02:32,760 Speaker 1: Now, Yeah, it was an interesting response from some of 43 00:02:33,200 --> 00:02:36,160 Speaker 1: the political leaders, and you mentioned Anthony Alberanzi there. He 44 00:02:36,200 --> 00:02:41,000 Speaker 1: actually did go almost a little bit further in saying 45 00:02:41,040 --> 00:02:45,200 Speaker 1: that he supported US action against Iran to stop the 46 00:02:45,280 --> 00:02:49,320 Speaker 1: country from obtaining a nuclear weapon and to prevent Iran 47 00:02:49,520 --> 00:02:52,919 Speaker 1: continuing to threaten international peace and security. 48 00:02:53,000 --> 00:02:57,880 Speaker 2: So a big question there if that's the case, if 49 00:02:57,880 --> 00:03:02,520 Speaker 2: they do have access to nuclear technology and are actually 50 00:03:02,600 --> 00:03:05,799 Speaker 2: making grounds on that. Carma Harris was an interesting one 51 00:03:05,840 --> 00:03:08,400 Speaker 2: the form of Vice president who ran against Donald Trump. 52 00:03:08,560 --> 00:03:11,760 Speaker 2: She came out really strongly against it, basically saying you 53 00:03:11,840 --> 00:03:14,400 Speaker 2: are putting American lives at risk and through this, which 54 00:03:14,520 --> 00:03:17,600 Speaker 2: no doubt that's true. I just think many of us 55 00:03:17,680 --> 00:03:20,880 Speaker 2: don't quite know what it means in a geopolitical sense yet. 56 00:03:21,040 --> 00:03:23,440 Speaker 1: No, no, And of course we've been building to this 57 00:03:23,720 --> 00:03:26,200 Speaker 1: point for weeks and weeks and weeks now we're build 58 00:03:26,240 --> 00:03:29,880 Speaker 1: up of forces and really the tension in the region 59 00:03:30,000 --> 00:03:32,600 Speaker 1: has been building, and so when this did happen over 60 00:03:32,600 --> 00:03:35,280 Speaker 1: the weekend. There was obviously a significant amount of force, 61 00:03:35,680 --> 00:03:38,160 Speaker 1: but really I don't think a huge amount of surprise 62 00:03:38,560 --> 00:03:39,160 Speaker 1: from a lot. 63 00:03:39,000 --> 00:03:40,400 Speaker 2: Of dat I mean, I think that's right. 64 00:03:41,200 --> 00:03:44,200 Speaker 1: One group of people that is being significantly impacted is 65 00:03:44,320 --> 00:03:48,720 Speaker 1: travelers to or through the region. What does it mean 66 00:03:48,880 --> 00:03:52,160 Speaker 1: A lot of flights disrupted, a lot of airlines impacted, 67 00:03:52,200 --> 00:03:54,520 Speaker 1: and a lot of people that are going to be 68 00:03:54,640 --> 00:03:56,240 Speaker 1: kind of caught up in the flow and effects of this. 69 00:03:56,520 --> 00:03:59,200 Speaker 2: Yeah, I mean it's had thousands of canceled flights, hundreds 70 00:03:59,240 --> 00:04:04,960 Speaker 2: of stranded alien passengers either kind of here there or 71 00:04:05,040 --> 00:04:06,640 Speaker 2: kind of at the other end trying to get home 72 00:04:06,680 --> 00:04:09,600 Speaker 2: to Australia. Several Version Australia flights, for example, took off 73 00:04:09,600 --> 00:04:12,120 Speaker 2: what were turned around after the strikes happened. Airports in 74 00:04:12,160 --> 00:04:15,040 Speaker 2: Dubai and Abu Dhabi, which are key transit points for 75 00:04:15,120 --> 00:04:19,640 Speaker 2: Quantas's main international partners, Emirates and Eddie had were damaged 76 00:04:19,680 --> 00:04:23,360 Speaker 2: by attacks on sites, so they were closed. Qatar Airways 77 00:04:23,480 --> 00:04:27,800 Speaker 2: flights are also being affected now. Emirates advised customers to 78 00:04:27,880 --> 00:04:32,920 Speaker 2: rebook or request a refund. Take not like travel insurance 79 00:04:32,920 --> 00:04:36,159 Speaker 2: generally does include acts of war. I can never say 80 00:04:36,160 --> 00:04:39,800 Speaker 2: the word force majeure, and these are kind of like 81 00:04:39,880 --> 00:04:42,520 Speaker 2: acts of God, and this is what it's considered. So 82 00:04:43,800 --> 00:04:46,640 Speaker 2: what I did hear someone saying yesterday, best thing to 83 00:04:46,640 --> 00:04:49,159 Speaker 2: do is do not cancel your flight because then the 84 00:04:49,240 --> 00:04:53,640 Speaker 2: owners is on the airline to either refund you or 85 00:04:53,640 --> 00:04:54,640 Speaker 2: put you on a different flight. 86 00:04:54,880 --> 00:04:58,640 Speaker 1: Okay, what does it mean now? Then for financial markets, 87 00:04:58,720 --> 00:05:01,599 Speaker 1: presumably there'll be a f lights to safety now, which 88 00:05:01,760 --> 00:05:05,480 Speaker 1: should be good for gold. You would imagine that defense 89 00:05:05,480 --> 00:05:08,640 Speaker 1: and energy stocks will also benefit from this. 90 00:05:09,400 --> 00:05:11,160 Speaker 2: Yeah. So with the Middle East on the brink of 91 00:05:11,200 --> 00:05:15,520 Speaker 2: wall out, wore oil gas, energy prices generally are certain 92 00:05:15,720 --> 00:05:19,080 Speaker 2: to rise. In fact, probably the most immediate impact of 93 00:05:19,120 --> 00:05:21,680 Speaker 2: what's going on there on people like you and I, 94 00:05:21,680 --> 00:05:24,120 Speaker 2: assuming we haven't got loved ones in the region, is 95 00:05:24,240 --> 00:05:28,600 Speaker 2: higher petrol prices, higher energy costs. That is likely. The 96 00:05:28,640 --> 00:05:31,599 Speaker 2: only asset class that really traded over weekends, or does 97 00:05:31,640 --> 00:05:34,760 Speaker 2: trade over weekends, is the crypto. It is a bitcoin 98 00:05:34,800 --> 00:05:36,760 Speaker 2: for example. Now it fell about four percent to sixty 99 00:05:36,760 --> 00:05:40,000 Speaker 2: three thousand US dollars unit, but that isn't exactly tumbling 100 00:05:40,040 --> 00:05:42,599 Speaker 2: out of bed, right, That's not that much. So it 101 00:05:42,640 --> 00:05:46,720 Speaker 2: suggests that traders are hoping for a fairly short conflict. 102 00:05:47,200 --> 00:05:49,800 Speaker 2: The Aussie dollar certainly is likely to fall against the 103 00:05:49,839 --> 00:05:52,200 Speaker 2: green back because people will be rushing for safety. 104 00:05:52,760 --> 00:05:56,039 Speaker 1: Yeah. I was reading across the weekend that in terms 105 00:05:56,080 --> 00:05:58,920 Speaker 1: of the oil price that it is expected to not 106 00:05:59,080 --> 00:06:02,440 Speaker 1: just jump up sharply and quickly and could go from 107 00:06:02,720 --> 00:06:05,120 Speaker 1: kind of seventy US dollars a barrel up to one 108 00:06:05,200 --> 00:06:08,360 Speaker 1: hundred US dollars a barrel at a relatively short period 109 00:06:08,400 --> 00:06:10,520 Speaker 1: of time, which, of course it does take a little 110 00:06:10,520 --> 00:06:13,039 Speaker 1: while to flow through to the bowser, but it does 111 00:06:13,120 --> 00:06:13,640 Speaker 1: flow through. 112 00:06:14,640 --> 00:06:17,359 Speaker 2: Yeah, oil flows. I like it. Of course, some of 113 00:06:17,400 --> 00:06:20,279 Speaker 2: the transport routes in that area. It's not just the 114 00:06:20,320 --> 00:06:23,840 Speaker 2: oil production in the area, but actually the oil chips traveling, 115 00:06:23,880 --> 00:06:27,080 Speaker 2: the vessels traveling in that area. And I noticed one 116 00:06:27,480 --> 00:06:30,840 Speaker 2: was bombed in the last twelve hours or so, so 117 00:06:31,920 --> 00:06:35,320 Speaker 2: that is as much of an issue as actual production. 118 00:06:36,200 --> 00:06:38,000 Speaker 1: Okay, what about equity markets? 119 00:06:38,240 --> 00:06:38,400 Speaker 2: Then? 120 00:06:38,600 --> 00:06:40,920 Speaker 1: We had on Friday the S and PA Sex two 121 00:06:41,000 --> 00:06:44,560 Speaker 1: hundred clothes just a tick under nine two hundred points, 122 00:06:44,560 --> 00:06:46,880 Speaker 1: which was a new closing high. That was three record 123 00:06:47,000 --> 00:06:51,280 Speaker 1: highs last week. The market finished the month up three 124 00:06:51,320 --> 00:06:55,200 Speaker 1: point seven percent, as strongest gain in ten months, which 125 00:06:55,240 --> 00:06:58,279 Speaker 1: comes off the back of a very volatile reporting season, right. 126 00:06:59,000 --> 00:07:02,640 Speaker 2: Totally, all things being equal, you would expect the market before, 127 00:07:03,440 --> 00:07:06,640 Speaker 2: but all things aren't equal at the moment. And I 128 00:07:06,680 --> 00:07:09,120 Speaker 2: do say, you know, the best guess is volatility will 129 00:07:09,120 --> 00:07:12,840 Speaker 2: continue this week, but I can't say much beyond that. 130 00:07:13,040 --> 00:07:16,920 Speaker 1: Yeah, No, that sounds about right, Sean. Plenty still to come. 131 00:07:17,080 --> 00:07:18,440 Speaker 1: We'll be back in a moment with the rest of 132 00:07:18,480 --> 00:07:28,720 Speaker 1: the day's business news. Seawan. House prices have flat lined 133 00:07:28,800 --> 00:07:32,520 Speaker 1: in Sydney and Melbourne, while Perth just what just keeps 134 00:07:32,520 --> 00:07:35,680 Speaker 1: on surging ahead of us. Yeah, and that is ahead 135 00:07:35,680 --> 00:07:39,440 Speaker 1: of likely interest rate hikes that a tip to come 136 00:07:39,520 --> 00:07:42,640 Speaker 1: later this year. For the month of February, house prices 137 00:07:42,640 --> 00:07:44,760 Speaker 1: in Sydney and Melbourne were pretty much flat and both 138 00:07:44,760 --> 00:07:48,040 Speaker 1: have gone backwards over the past three months. It does 139 00:07:48,320 --> 00:07:51,000 Speaker 1: look like great hikes are starting to bite in those 140 00:07:51,040 --> 00:07:54,560 Speaker 1: two cities at least, and in Sydney affordability is becoming 141 00:07:54,560 --> 00:07:55,320 Speaker 1: an issue now. 142 00:07:55,640 --> 00:07:59,040 Speaker 2: Yeah, I mean compare those results to Perth, where prices 143 00:07:59,080 --> 00:08:01,400 Speaker 2: are up nearly seven percent for the quarter, twenty two 144 00:08:01,440 --> 00:08:04,080 Speaker 2: percent for the twelve months to the end of February. 145 00:08:04,600 --> 00:08:07,400 Speaker 2: That is pretty phenomenal. Totally a supply and demand story 146 00:08:07,440 --> 00:08:10,920 Speaker 2: there just isn't much supply in the West. In fact, 147 00:08:11,560 --> 00:08:14,760 Speaker 2: it's about fifty percent blow the long run average over there. 148 00:08:14,920 --> 00:08:17,400 Speaker 2: Brisbane and Adelaida also running hot, rising between four and 149 00:08:17,440 --> 00:08:19,280 Speaker 2: five percent during the past three months. Of course, this 150 00:08:20,440 --> 00:08:23,520 Speaker 2: is courtesy of our friends at Totality. The median value 151 00:08:23,520 --> 00:08:25,800 Speaker 2: of a home in Sydney is now just under one 152 00:08:25,800 --> 00:08:29,040 Speaker 2: point three million almost one point one million. Brisbane Perth 153 00:08:29,200 --> 00:08:32,280 Speaker 2: stands at nine eighty nine thousand, followed by Adelaide, canber 154 00:08:32,320 --> 00:08:37,160 Speaker 2: and Melbourne. What I think is quite interesting though, means location, location, location, 155 00:08:37,320 --> 00:08:39,880 Speaker 2: so it's hard to generalize, I suppose, but the regions 156 00:08:39,920 --> 00:08:42,200 Speaker 2: are actually doing better than the capital cities. 157 00:08:43,120 --> 00:08:44,680 Speaker 1: Now I mentioned this at the top of the show. 158 00:08:44,679 --> 00:08:47,800 Speaker 1: Sean Anthony Alberanezi has copped a hit to his personal 159 00:08:47,880 --> 00:08:53,120 Speaker 1: popularity amid deteriorating economic and security conditions as Angus Taylor 160 00:08:53,320 --> 00:08:57,640 Speaker 1: really stems the Coalition's electoral bleeding and One Nation's rise 161 00:08:57,679 --> 00:09:00,199 Speaker 1: takes a bit of a breather. It's really the the 162 00:09:00,559 --> 00:09:03,640 Speaker 1: wrap of the findings from the latest news poll conducted 163 00:09:03,679 --> 00:09:06,280 Speaker 1: for The Australian that showed Taylor in a stronger position 164 00:09:06,360 --> 00:09:09,760 Speaker 1: than Susan Lee, who he replaced. Of course, as opposition leader. 165 00:09:09,880 --> 00:09:13,960 Speaker 1: Last month, Labour's primary vote dropped to thirty two percent, 166 00:09:14,000 --> 00:09:17,679 Speaker 1: which is down from thirty seven percent in early October. 167 00:09:18,080 --> 00:09:20,880 Speaker 1: One Nation's primary vote sits at twenty seven percent, while 168 00:09:20,880 --> 00:09:24,959 Speaker 1: the coalition is at I think twenty percent at the moment. 169 00:09:25,760 --> 00:09:30,160 Speaker 2: Yes, so better numbers for the coalition, but there's still 170 00:09:30,160 --> 00:09:33,320 Speaker 2: seven percentage points below One Nation, so it's not executive 171 00:09:33,320 --> 00:09:36,360 Speaker 2: as if you're popping champagne. Prim Mister Anthony Albernez he 172 00:09:36,400 --> 00:09:39,600 Speaker 2: recorded his worst personal performance for results since last year's election, 173 00:09:40,160 --> 00:09:42,280 Speaker 2: forty five percent of response that he'd make the better 174 00:09:42,280 --> 00:09:45,160 Speaker 2: prime minister compared to thirty seven percent for Taylor. The 175 00:09:45,200 --> 00:09:47,679 Speaker 2: patting of One Nation's votes comes after Leader Paul and 176 00:09:47,720 --> 00:09:50,880 Speaker 2: Hanson was heavily criticized for questioning if there were any 177 00:09:50,920 --> 00:09:54,480 Speaker 2: good Muslims in Australia, and scrutiny ramped up on the 178 00:09:54,520 --> 00:09:59,320 Speaker 2: populist parties tax migration and energy policies. The federal pollies 179 00:09:59,400 --> 00:10:02,360 Speaker 2: are back in Canberra this week, Michael. So we have 180 00:10:02,559 --> 00:10:07,679 Speaker 2: finished earnings season, we get Parliament back. 181 00:10:07,800 --> 00:10:11,480 Speaker 1: And it's going to be a really interesting session now 182 00:10:11,760 --> 00:10:16,920 Speaker 1: because there is a kind of revived, rejuvenated coalition and 183 00:10:16,960 --> 00:10:18,040 Speaker 1: I think it's going to be. 184 00:10:18,720 --> 00:10:20,000 Speaker 2: It's actually going to be really good. 185 00:10:20,080 --> 00:10:23,839 Speaker 1: More fun to see what comes of this now. One 186 00:10:23,840 --> 00:10:26,760 Speaker 1: of the great corporate battles over the past couple of 187 00:10:26,840 --> 00:10:31,120 Speaker 1: years Sean has been Coals and Woolworths. They've competed on price, 188 00:10:31,280 --> 00:10:34,960 Speaker 1: they've competed on suppliers and customers, and also with the 189 00:10:35,000 --> 00:10:39,480 Speaker 1: corporate regulator. It is fair to say that Cole's had 190 00:10:39,520 --> 00:10:42,559 Speaker 1: been winning the battle, but the tide looks to be turning. 191 00:10:43,200 --> 00:10:47,679 Speaker 2: Yes, Cole's sales growth has been behind Woolly's so far 192 00:10:47,800 --> 00:10:50,800 Speaker 2: this year, and that's put its share price under pressure. 193 00:10:51,200 --> 00:10:54,600 Speaker 2: That's despite the supermarket giant posting strong earnings and sales 194 00:10:54,600 --> 00:10:57,320 Speaker 2: growth for the first half and lifting it stevidend this 195 00:10:57,360 --> 00:11:00,360 Speaker 2: is cold. As figures came out on Friday, revenue was 196 00:11:00,400 --> 00:11:03,640 Speaker 2: up two and a half percent. Net profit they fell 197 00:11:03,840 --> 00:11:07,480 Speaker 2: due to charges relating to historical staff under payments, something 198 00:11:07,520 --> 00:11:10,200 Speaker 2: Woolly's had as well. Pretax profits were right more than 199 00:11:10,200 --> 00:11:12,800 Speaker 2: ten percent in the first seven weeks of the third quarter. 200 00:11:13,760 --> 00:11:18,439 Speaker 2: Cole's growth three point seven percent, Woollies five point eight percent. 201 00:11:18,920 --> 00:11:20,880 Speaker 2: It actually has been the other way around for the 202 00:11:20,920 --> 00:11:24,080 Speaker 2: most of the last couple of years. Woollies Online sales 203 00:11:24,120 --> 00:11:28,680 Speaker 2: fifteen percent of turnover, Coles thirteen percent of turnover. Coles's 204 00:11:28,679 --> 00:11:32,480 Speaker 2: liquor sales been a particularly weak spot after I mean, 205 00:11:32,520 --> 00:11:37,440 Speaker 2: so Wooli's share price jumped after it's result last week, 206 00:11:37,480 --> 00:11:40,440 Speaker 2: Coal's share price tumbled. It just seems a bit of 207 00:11:40,440 --> 00:11:42,960 Speaker 2: a shift in mood between those two retailers. 208 00:11:43,040 --> 00:11:45,840 Speaker 1: Oh, yeah, it does seem that way. Now. The federal 209 00:11:45,840 --> 00:11:50,160 Speaker 1: budgets bottom line Sean is being boosted by strong corporate 210 00:11:50,200 --> 00:11:54,480 Speaker 1: tax payments, helping reduce the deficit by about six point 211 00:11:54,520 --> 00:11:57,319 Speaker 1: four billion dollars so far this financial year. 212 00:11:57,960 --> 00:12:00,240 Speaker 2: The underlying cash deficit in the seven months to Gennary 213 00:12:00,280 --> 00:12:02,520 Speaker 2: thirty one was forty eight point six billion dollars, compared 214 00:12:02,520 --> 00:12:06,240 Speaker 2: to Treasury's December forecast of fifty four billion dollars. That's 215 00:12:06,240 --> 00:12:09,880 Speaker 2: according to Department of Finance monthly budget figures released on Friday. 216 00:12:10,160 --> 00:12:12,800 Speaker 2: The full year deficit is now on track to be 217 00:12:12,800 --> 00:12:15,160 Speaker 2: smaller than forecast, about thirty seven billion dollars or so. 218 00:12:16,080 --> 00:12:19,720 Speaker 2: And further large tax payments have become due before June 219 00:12:19,760 --> 00:12:23,200 Speaker 2: thirty That's why it's actually going in batwop. Sorry, it's 220 00:12:23,240 --> 00:12:26,200 Speaker 2: reducing the size of the deficit, but that is good news. 221 00:12:26,200 --> 00:12:29,360 Speaker 2: For the government because the next few weeks will really 222 00:12:29,520 --> 00:12:32,040 Speaker 2: be a bit It'll be a lot of economics. If 223 00:12:32,040 --> 00:12:34,400 Speaker 2: we can get through the geopolitics at the moment, it'll 224 00:12:34,440 --> 00:12:36,600 Speaker 2: be a lot about economics in the next couple of 225 00:12:36,600 --> 00:12:39,640 Speaker 2: weeks in Canberra and the lead up to the May Budget. 226 00:12:39,800 --> 00:12:44,480 Speaker 2: The Coalition a confident that they've got a shot when 227 00:12:44,520 --> 00:12:47,640 Speaker 2: it comes to the economy and cost of living crisis 228 00:12:47,640 --> 00:12:49,400 Speaker 2: hasn't gone away, so it's still a bit of a 229 00:12:49,400 --> 00:12:50,200 Speaker 2: problem for the government. 230 00:12:50,440 --> 00:12:53,680 Speaker 1: Indeed, now we've already talked to a lot of international 231 00:12:53,720 --> 00:12:55,520 Speaker 1: news so far today, Sean, but there is one other 232 00:12:55,559 --> 00:12:57,280 Speaker 1: story that we need to talk about. And it makes 233 00:12:57,320 --> 00:13:00,160 Speaker 1: sense that there would be plenty of drama and theatre 234 00:13:00,440 --> 00:13:05,720 Speaker 1: right in a battle for a Hollywood studio. But Paramount 235 00:13:05,720 --> 00:13:09,920 Speaker 1: sky Dance is set to buy Warner Brothers Discovery after 236 00:13:10,000 --> 00:13:13,920 Speaker 1: it's one hundred and eleven billion US dollar bid for 237 00:13:14,160 --> 00:13:18,239 Speaker 1: Warner Brothers prompted the other buyer in the market, Netflix 238 00:13:18,640 --> 00:13:20,400 Speaker 1: to just walk away. 239 00:13:21,040 --> 00:13:24,120 Speaker 2: Yeah. Netflix basically said, two high fellas, we're out of 240 00:13:24,160 --> 00:13:27,600 Speaker 2: here now. Paramount, of course, we have a relation there 241 00:13:27,600 --> 00:13:30,520 Speaker 2: because it owns Network ten in Australia. Paramounts merging with 242 00:13:30,520 --> 00:13:34,360 Speaker 2: Warner Brothers Wold unite two major Hollywood studios to streaming services, 243 00:13:34,559 --> 00:13:37,680 Speaker 2: so HBO Max and Paramount Plus. I'd just like to say, 244 00:13:38,200 --> 00:13:41,800 Speaker 2: we got HBO Max on the weekend specifically for one show. 245 00:13:42,840 --> 00:13:43,680 Speaker 2: It's really good. 246 00:13:44,080 --> 00:13:46,120 Speaker 1: It absolutely is. Which is is it the Pit? 247 00:13:46,800 --> 00:13:49,160 Speaker 2: No, Jack's watching the Pit? It isn't the Pit. I 248 00:13:49,240 --> 00:13:51,040 Speaker 2: knew you're going to ask me that, and it was. 249 00:13:52,240 --> 00:13:54,600 Speaker 2: It's another big h that's the show. How much notice 250 00:13:54,640 --> 00:13:55,000 Speaker 2: I take? 251 00:13:55,360 --> 00:13:57,640 Speaker 1: Did you hang on? Did you watch this show and 252 00:13:57,679 --> 00:13:59,440 Speaker 1: you kin't even remember what it was? 253 00:14:00,320 --> 00:14:01,319 Speaker 2: Nine of Seven Kingdoms? 254 00:14:01,400 --> 00:14:03,880 Speaker 1: Oh okay, yeah, yeah, part of the Game of Thrones. 255 00:14:04,480 --> 00:14:08,240 Speaker 2: Yeah yeah, yeah, go to Seven Kingdoms And anyway, we digress. 256 00:14:08,640 --> 00:14:11,360 Speaker 2: So the same company will have HBO Max and Paramount 257 00:14:11,360 --> 00:14:15,160 Speaker 2: Plus two news operations, so CNN and CBS all together, 258 00:14:16,120 --> 00:14:20,040 Speaker 2: big ramifications for Hollywood and the wider Median landscape. Netflix, 259 00:14:20,640 --> 00:14:23,160 Speaker 2: who really was the leader in online TV. It's got 260 00:14:23,160 --> 00:14:26,600 Speaker 2: amazing business, three and twenty five million consumers around the 261 00:14:26,600 --> 00:14:30,600 Speaker 2: globe paying a monthly subscription fee for its TV shows 262 00:14:30,600 --> 00:14:34,280 Speaker 2: and movies. There was always a surprise, I suppose that 263 00:14:34,360 --> 00:14:37,600 Speaker 2: it was going into a legacy film and TV option 264 00:14:37,800 --> 00:14:40,080 Speaker 2: like Warner Brothers. Now those guys. Of course, they have 265 00:14:40,080 --> 00:14:45,080 Speaker 2: their own streaming services, they just don't have what Netflix has. Anyway, 266 00:14:45,080 --> 00:14:47,320 Speaker 2: it looks like Paramount will get Warner Brothers. Now. 267 00:14:47,640 --> 00:14:52,359 Speaker 1: Yeah. I liked the quote from the bosses of Netflix 268 00:14:52,680 --> 00:14:55,160 Speaker 1: saying that this transaction was always a nice to have 269 00:14:55,200 --> 00:14:58,080 Speaker 1: at the right price, not a must have at any price, 270 00:14:58,920 --> 00:15:00,520 Speaker 1: and that was the point to which the they decided 271 00:15:00,560 --> 00:15:03,320 Speaker 1: to walk away. But you must watch the pit Sean. 272 00:15:03,840 --> 00:15:05,480 Speaker 1: It is so fantastic. 273 00:15:05,560 --> 00:15:08,320 Speaker 2: I've seen Jackie has been watching it. Little graphic for 274 00:15:08,400 --> 00:15:10,600 Speaker 2: my liking. Michael, Oh, it is little graphic. 275 00:15:10,680 --> 00:15:12,640 Speaker 1: Yeah, yeah, it is graphic, but it is. You can 276 00:15:12,680 --> 00:15:15,320 Speaker 1: see why it won all of the awards last year. Anyway. 277 00:15:15,440 --> 00:15:17,720 Speaker 1: Up next is Fear and Greed Q and A with 278 00:15:17,760 --> 00:15:20,960 Speaker 1: Stephen cocol As, our resident economist. We've talked, as we 279 00:15:21,040 --> 00:15:25,880 Speaker 1: mentioned a lot about everything happening globally but domestically. It 280 00:15:25,960 --> 00:15:28,080 Speaker 1: is a big week for the economy with GDP data 281 00:15:28,120 --> 00:15:30,600 Speaker 1: coming out this week and a bunch of other pieces 282 00:15:30,640 --> 00:15:33,440 Speaker 1: as well. It is really the economic scorecard this week, 283 00:15:33,480 --> 00:15:36,360 Speaker 1: isn't it. So we'll yeah, so we will get all 284 00:15:36,400 --> 00:15:38,560 Speaker 1: of that with Stephen Cocolus this morning. It is coming 285 00:15:38,600 --> 00:15:40,320 Speaker 1: up next in the Fear and Greed playlist on your 286 00:15:40,360 --> 00:15:44,640 Speaker 1: podcast platform or at Fearangreed dot com dot au. Thank 287 00:15:44,640 --> 00:15:45,880 Speaker 1: you very much, Sean, thank you. 288 00:15:45,920 --> 00:15:46,240 Speaker 2: Michael. 289 00:15:46,520 --> 00:15:49,440 Speaker 1: It's Monday, the second of March twenty twenty six. Make 290 00:15:49,440 --> 00:15:51,600 Speaker 1: sure you're following the podcast and join us online on 291 00:15:51,640 --> 00:15:54,480 Speaker 1: LinkedIn and Instagram. Michael Thompson and that was Fear and Greed. 292 00:15:54,800 --> 00:15:55,480 Speaker 1: Have a great day.