1 00:00:05,800 --> 00:00:08,760 Michael Thompson: Today on Fear and Greed. The Reserve Bank leaves interest 2 00:00:08,840 --> 00:00:12,040 Michael Thompson: rates on hold, but hints that there could be a 3 00:00:12,119 --> 00:00:15,520 Michael Thompson: rate cut in the future. Woolworths starts reducing prices as 4 00:00:15,520 --> 00:00:18,119 Michael Thompson: it tries to be more competitive against Aldi, and the 5 00:00:18,200 --> 00:00:22,200 Michael Thompson: latest streaming service in Australia kicks off against some fierce competition. 6 00:00:22,560 --> 00:00:27,080 Michael Thompson: Plus Prime Minister Anthony Albanese rejects American suggestions that Australia's 7 00:00:27,120 --> 00:00:32,199 Michael Thompson: PBS and news bargaining code should change, and Tinder turns 8 00:00:32,240 --> 00:00:35,280 Michael Thompson: to AI. Welcome to Fear and Greed. Daily business news 9 00:00:35,320 --> 00:00:37,519 Michael Thompson: for people who make their own decisions. It is Wednesday, 10 00:00:37,560 --> 00:00:41,040 Michael Thompson: the second of April twenty twenty five. I'm Michael Thompson 11 00:00:41,120 --> 00:00:42,520 Michael Thompson: and good morning Sean Aylmer. 12 00:00:42,640 --> 00:00:44,040 Sean Aylmer: Good morning, Michael. 13 00:00:44,080 --> 00:00:45,640 Michael Thompson: Sean, the main story this morning. There will be no 14 00:00:45,840 --> 00:00:49,080 Michael Thompson: pre election rate cut, with the Reserve Bank yesterday keeping 15 00:00:49,080 --> 00:00:52,440 Michael Thompson: the official cash rate on hold, but it says it 16 00:00:52,520 --> 00:00:55,680 Michael Thompson: is ready to cut rates if the Trump tariffs trigger 17 00:00:55,760 --> 00:01:00,240 Michael Thompson: a recession. Similarly, it is ready to hike rates if 18 00:01:00,240 --> 00:01:01,760 Michael Thompson: inflation starts to rise again. 19 00:01:01,880 --> 00:01:04,400 Sean Aylmer: In leaving rates on hold. After the Reserve Bank Board 20 00:01:04,440 --> 00:01:08,840 Sean Aylmer: met yesterday, the Central Bank singled out recent US tariff announcements, 21 00:01:09,280 --> 00:01:12,360 Sean Aylmer: saying they're having an effect on confidence globally and I 22 00:01:12,440 --> 00:01:16,039 Sean Aylmer: quote and this would likely be amplified if the scope 23 00:01:16,080 --> 00:01:21,039 Sean Aylmer: of tariff's widens or other countries take retaliatory measures. Now, 24 00:01:21,080 --> 00:01:23,880 Sean Aylmer: of course, it comes ahead of Donald Trump announcing reciprocal 25 00:01:23,920 --> 00:01:26,280 Sean Aylmer: tariffs in the next twenty four hours or so. The 26 00:01:26,319 --> 00:01:29,679 Sean Aylmer: Reserve Bank said the tariffs could send inflation higher, but 27 00:01:29,880 --> 00:01:33,280 Sean Aylmer: they could also send inflation lower. Governor Michelle Bullock said 28 00:01:33,280 --> 00:01:36,959 Sean Aylmer: that she expects some permanency to the current round of 29 00:01:37,240 --> 00:01:40,279 Sean Aylmer: higher tariffs. It was the first meeting of the newly 30 00:01:40,480 --> 00:01:44,360 Sean Aylmer: formed Reserve Bank Monetary Policy Board and included two new members. 31 00:01:44,440 --> 00:01:47,480 Sean Aylmer: Ms Bullock said the announcement of no change to rates 32 00:01:47,560 --> 00:01:50,840 Sean Aylmer: was a consensus decision. Not quite sure what the consensus 33 00:01:50,840 --> 00:01:53,680 Sean Aylmer: this is. I think that means that most people agreed 34 00:01:53,720 --> 00:01:55,960 Sean Aylmer: with it, but not everyone. It's not a unanimous decision. 35 00:01:55,960 --> 00:02:00,720 Sean Aylmer: It's a consensus decision. Like more transparency, please please, The 36 00:02:00,760 --> 00:02:03,360 Sean Aylmer: governor said the world was gradually getting more confident about 37 00:02:03,400 --> 00:02:07,600 Sean Aylmer: interest rates and inflation. She said current rate settings are 38 00:02:07,640 --> 00:02:11,480 Sean Aylmer: mildly restrictive, but she warned that there is still tightness 39 00:02:11,520 --> 00:02:13,600 Sean Aylmer: in the labor market. That's always been something she's been 40 00:02:13,600 --> 00:02:17,720 Sean Aylmer: concerned about and the statement that central banks love to make. 41 00:02:18,480 --> 00:02:21,240 Sean Aylmer: At the moment, it seems prudent to wait and get 42 00:02:21,280 --> 00:02:22,919 Sean Aylmer: a bit more data, a bit more information. 43 00:02:24,000 --> 00:02:25,560 Michael Thompson: Oh, there is never quite enough. 44 00:02:25,639 --> 00:02:27,840 Sean Aylmer: DTA is never And no one else in the world 45 00:02:27,919 --> 00:02:31,200 Sean Aylmer: uses the word prudent like a central bank uses the 46 00:02:31,200 --> 00:02:31,840 Sean Aylmer: word prudent. 47 00:02:32,000 --> 00:02:34,840 Michael Thompson: Oh, it's just got a nice ring to it. Michelle 48 00:02:34,880 --> 00:02:39,000 Michael Thompson: Bullock's comments about inflation are positive. She clearly thinks that 49 00:02:39,040 --> 00:02:42,960 Michael Thompson: the Reserve Bank is getting control over inflation. What about 50 00:02:43,000 --> 00:02:44,160 Michael Thompson: economic growth. 51 00:02:44,080 --> 00:02:47,400 Sean Aylmer: Well, I think the main comment she made, and i'll 52 00:02:47,480 --> 00:02:50,280 Sean Aylmer: quote her, w in fact forecast that growth will pick 53 00:02:50,360 --> 00:02:52,960 Sean Aylmer: up a bit as people are starting to spend a 54 00:02:52,960 --> 00:02:56,040 Sean Aylmer: bit more. We expect that to continue. We're not forecasting 55 00:02:56,120 --> 00:02:58,959 Sean Aylmer: recession in Australia over the next twelve months. So that's 56 00:02:59,000 --> 00:03:01,679 Sean Aylmer: pretty good news in all. She then added, of course, 57 00:03:01,680 --> 00:03:03,959 Sean Aylmer: there's plenty of uncertainty around the place. You's got to 58 00:03:03,960 --> 00:03:06,840 Sean Aylmer: worry about tariffs, et cetera, et cetera. Asked about the 59 00:03:06,840 --> 00:03:09,920 Sean Aylmer: looming election, she said it didn't play a role in 60 00:03:09,960 --> 00:03:11,480 Sean Aylmer: the decision yesterday. 61 00:03:11,760 --> 00:03:14,360 Michael Thompson: Okay, all right, how did local markets react? Well? 62 00:03:14,400 --> 00:03:18,000 Sean Aylmer: Following the announcement, Bond markets reduced expectations that the Reserve 63 00:03:18,080 --> 00:03:21,160 Sean Aylmer: Bank will soon cut the cash rate. There was only marginal. 64 00:03:21,200 --> 00:03:23,519 Sean Aylmer: In fact, they're still pricing in about a seventy five 65 00:03:23,520 --> 00:03:26,480 Sean Aylmer: percent chance of a rate cut in May. The flip side, 66 00:03:26,520 --> 00:03:28,639 Sean Aylmer: a number of market economists think there won't be a 67 00:03:28,680 --> 00:03:32,640 Sean Aylmer: reduction until the second half of the year. In terms 68 00:03:32,639 --> 00:03:35,440 Sean Aylmer: of equities, the local chair market closed up one percent 69 00:03:36,000 --> 00:03:38,240 Sean Aylmer: after its big drop on Monday. Dropped about one point 70 00:03:38,360 --> 00:03:41,640 Sean Aylmer: seven one point eight percent on Monday. It was up 71 00:03:41,840 --> 00:03:45,000 Sean Aylmer: a fair bit and then they had the rate announcement. 72 00:03:45,160 --> 00:03:48,720 Sean Aylmer: It actually went further, so it closed one percent higher. 73 00:03:48,960 --> 00:03:51,800 Sean Aylmer: All eleven sub industies rose, led by the property stocks, 74 00:03:51,880 --> 00:03:54,600 Sean Aylmer: utilities and telcos and Michael the Yussie dollar is buying 75 00:03:54,640 --> 00:03:56,080 Sean Aylmer: sixty two and a half few urs cents. 76 00:03:56,120 --> 00:03:58,560 Michael Thompson: It seems a good time Sean to mention. Today's interview 77 00:03:58,840 --> 00:04:03,000 Michael Thompson: after the show uspeaking with Anika Bradley from UNI Super. 78 00:04:03,560 --> 00:04:06,800 Sean Aylmer: Yes, so we talk, well, it's really about portfolio construction. 79 00:04:07,400 --> 00:04:10,080 Sean Aylmer: We have so much volatility in markets at the moment. 80 00:04:10,720 --> 00:04:12,920 Sean Aylmer: What should you do And the answer is have a 81 00:04:12,960 --> 00:04:19,080 Sean Aylmer: really strong portfolio and think about diversification, don't panic. How 82 00:04:19,120 --> 00:04:21,200 Sean Aylmer: you handle these volatile times And that's what we talked 83 00:04:21,200 --> 00:04:21,960 Sean Aylmer: to Anico about. 84 00:04:22,040 --> 00:04:24,360 Michael Thompson: Yeah, it is a good conversation coming up after the show, 85 00:04:24,400 --> 00:04:28,240 Michael Thompson: so don't go anywhere. Shown on the eve of presidential 86 00:04:28,279 --> 00:04:29,960 Michael Thompson: Donald Trump, he's very pretty well. 87 00:04:29,960 --> 00:04:31,840 Sean Aylmer: I'm not sure that he is presidential. 88 00:04:31,400 --> 00:04:34,479 Michael Thompson: Well his role as presidential. On the eve of him 89 00:04:34,600 --> 00:04:39,320 Michael Thompson: outlining reciprocal tariffs against trading partners, Prime Minister Anthony Aberanezi 90 00:04:39,440 --> 00:04:43,120 Michael Thompson: has hit out at US complaints involving the local Pharmaceutical 91 00:04:43,120 --> 00:04:47,360 Michael Thompson: Benefit Scheme, the PBS, the news Bargaining Code, and biosecurity 92 00:04:47,400 --> 00:04:47,799 Michael Thompson: as well. 93 00:04:47,960 --> 00:04:51,920 Sean Aylmer: So Donald Trump has formally accepted long standing grievances over 94 00:04:52,000 --> 00:04:58,320 Sean Aylmer: Australia's subsidized medicines scheme, agricultural biosecurity rules and regulations forcing 95 00:04:58,480 --> 00:05:01,400 Sean Aylmer: tech giants to pay local news organizations for content. We 96 00:05:01,480 --> 00:05:03,560 Sean Aylmer: have been arguing about this from about a decade now, 97 00:05:04,000 --> 00:05:06,120 Sean Aylmer: and the free trade agreement that the US and Australia 98 00:05:06,160 --> 00:05:09,159 Sean Aylmer: has has sort of settled it no more. The US's 99 00:05:09,240 --> 00:05:13,560 Sean Aylmer: annual Foreign Trade Barriers Report lists what American officials regard 100 00:05:13,640 --> 00:05:19,599 Sean Aylmer: as de facto protectionist measures discriminating against US exports. It 101 00:05:19,680 --> 00:05:22,839 Sean Aylmer: comes ahead of the US imposing sweeping tariff globally. We'll 102 00:05:22,839 --> 00:05:24,480 Sean Aylmer: find out what they are in the next twenty four 103 00:05:24,520 --> 00:05:28,200 Sean Aylmer: hours or theoretically we will now that annual report could 104 00:05:28,200 --> 00:05:30,360 Sean Aylmer: well be the basis of what's considered a tariff by 105 00:05:30,360 --> 00:05:34,040 Sean Aylmer: the Trump administration. But Anthony Albanezi, campaigning in Adelaide yesterday 106 00:05:34,360 --> 00:05:37,360 Sean Aylmer: was pretty stride and he said, I have very clearly 107 00:05:37,440 --> 00:05:41,800 Sean Aylmer: indicated Australia is not negotiating over the pharmaceutical benefit scheme, 108 00:05:41,920 --> 00:05:45,640 Sean Aylmer: we are not negotiating over the news bargaining code. We 109 00:05:45,720 --> 00:05:47,960 Sean Aylmer: will not undermine our biosecurity. 110 00:05:48,640 --> 00:05:52,240 Michael Thompson: Okay. Aside from kind of the ever present threat of tariff's, 111 00:05:52,279 --> 00:05:54,000 Michael Thompson: what else is happening on the campaign trail. 112 00:05:54,080 --> 00:05:57,000 Sean Aylmer: Opposition leader Peter Dunn yesterday promised one and a half 113 00:05:57,120 --> 00:06:02,000 Sean Aylmer: billion dollars to complete the Melbourne air Port rail link. Also, 114 00:06:02,040 --> 00:06:05,000 Sean Aylmer: the opposition said it would lower serviceability ratios to boost 115 00:06:05,080 --> 00:06:08,880 Sean Aylmer: borrower's capacity to find money for a home loan. Both 116 00:06:08,920 --> 00:06:11,520 Sean Aylmer: sides were on the attack really, with debate ranging from 117 00:06:11,560 --> 00:06:14,960 Sean Aylmer: healthcare to housing affordability and the Chinese spy ship off 118 00:06:14,960 --> 00:06:18,119 Sean Aylmer: the coast of Australia. Mister Albernezi was in Adelaide says 119 00:06:18,160 --> 00:06:21,479 Sean Aylmer: he'll officially launch the ALP campaign in Western Australia in 120 00:06:21,480 --> 00:06:24,880 Sean Aylmer: April thirteen. That just shows how important that state is 121 00:06:25,080 --> 00:06:27,640 Sean Aylmer: to the poll. We also found out that the first 122 00:06:27,680 --> 00:06:30,240 Sean Aylmer: election debate between the two leaders will be held on 123 00:06:30,320 --> 00:06:32,240 Sean Aylmer: April eight. That's a week from yesterday. 124 00:06:32,760 --> 00:06:38,039 Michael Thompson: That's exciting, but you know it's even do you know, 125 00:06:38,120 --> 00:06:39,680 Michael Thompson: it's even more exciting. 126 00:06:39,279 --> 00:06:42,360 Sean Aylmer: Show I do, I do, But please tell the listeners okay, 127 00:06:42,560 --> 00:06:45,800 Sean Aylmer: it is what is coming up at midday today, which 128 00:06:45,839 --> 00:06:48,080 Sean Aylmer: is a new bonus episode. 129 00:06:48,279 --> 00:06:50,400 Michael Thompson: It's not going to be around forever, only for the 130 00:06:50,480 --> 00:06:54,279 Michael Thompson: next four and a half weeks or so. It is 131 00:06:54,480 --> 00:06:57,280 Michael Thompson: called Politics and Stuff. 132 00:06:58,400 --> 00:07:00,000 Sean Aylmer: That's an original name, isn't it. 133 00:07:00,400 --> 00:07:02,719 Michael Thompson: Indeed it is. We are in greed politics and Stuff, 134 00:07:03,080 --> 00:07:05,520 Michael Thompson: and we are going to take a look at the 135 00:07:05,640 --> 00:07:08,839 Michael Thompson: key issues, where the leaders are, what they are saying, 136 00:07:08,880 --> 00:07:11,760 Michael Thompson: what matters, what the AAC is saying, where you need 137 00:07:11,800 --> 00:07:14,040 Michael Thompson: to vote, all the nuts and bolts of the election 138 00:07:14,160 --> 00:07:16,080 Michael Thompson: campaign and how it affects us all. 139 00:07:16,240 --> 00:07:20,400 Sean Aylmer: We'll be running at every Wednesday up until the election. Yes, 140 00:07:20,960 --> 00:07:22,800 Sean Aylmer: if you want to keep across what's going on, what 141 00:07:22,840 --> 00:07:26,480 Sean Aylmer: the parties are saying, that's the podcast you need. 142 00:07:26,760 --> 00:07:29,320 Michael Thompson: Yep, it's coming out today at midday Sean, don't miss it. 143 00:07:29,360 --> 00:07:31,760 Michael Thompson: In the meantime, we've got a lot more still to cover. 144 00:07:31,840 --> 00:07:33,040 Michael Thompson: We'll be back in a moment with the rest of 145 00:07:33,080 --> 00:07:43,240 Michael Thompson: the day's business news. Sean Virgin Australia is planning to 146 00:07:43,320 --> 00:07:46,360 Michael Thompson: list on the ASX in June after a five year absence. 147 00:07:46,440 --> 00:07:50,480 Sean Aylmer: The company and its executives met with prospective investors yesterday 148 00:07:50,520 --> 00:07:52,160 Sean Aylmer: for the first time in a couple of years and 149 00:07:52,240 --> 00:07:55,520 Sean Aylmer: a road show build. As a business update, however, it 150 00:07:55,600 --> 00:07:59,160 Sean Aylmer: floated a timeline of raising capital in May and listing 151 00:07:59,200 --> 00:08:02,160 Sean Aylmer: on the Sheer market, according to the Finn Review. At 152 00:08:02,200 --> 00:08:04,840 Sean Aylmer: the same time, Virgin has restructured into a public company, 153 00:08:04,880 --> 00:08:08,760 Sean Aylmer: which needs to do before listing. Private equity group BAN 154 00:08:08,960 --> 00:08:12,400 Sean Aylmer: is the majority owner of Virgin Guitar Airways nowadays has 155 00:08:12,440 --> 00:08:16,000 Sean Aylmer: twenty five percent of it as well. It's delisted from 156 00:08:16,000 --> 00:08:18,880 Sean Aylmer: the ASEX in late twenty twenty after falling into administration. 157 00:08:18,960 --> 00:08:22,360 Sean Aylmer: It's tried to relist previously, hasn't quite gotten there, but 158 00:08:22,400 --> 00:08:24,960 Sean Aylmer: it looks like it's on track this time now. 159 00:08:24,960 --> 00:08:27,920 Michael Thompson: I find this one interesting. Sean Woolies has been cutting 160 00:08:27,960 --> 00:08:32,400 Michael Thompson: prices hard to reduce the gap between its groceries and 161 00:08:32,480 --> 00:08:35,040 Michael Thompson: those at Aldi, which has made a name for itself 162 00:08:35,120 --> 00:08:35,960 Michael Thompson: with discounting. 163 00:08:36,080 --> 00:08:39,840 Sean Aylmer: That's right, so the gap between the majors in Aldi 164 00:08:40,160 --> 00:08:43,840 Sean Aylmer: fell to their lowest level in two years. In recent months, 165 00:08:43,880 --> 00:08:47,640 Sean Aylmer: according to a report from JP Morgan, not just Woolies 166 00:08:47,720 --> 00:08:50,680 Sean Aylmer: but Coals as well. JP Morgan's price check of one 167 00:08:50,720 --> 00:08:54,040 Sean Aylmer: hundred home brand products across the big supermarket groups found 168 00:08:54,040 --> 00:08:56,880 Sean Aylmer: items at Woolies and Coals were seven point eight in 169 00:08:56,920 --> 00:09:00,760 Sean Aylmer: eight point five percent more expensive than Aldi. That's actually 170 00:09:01,280 --> 00:09:04,920 Sean Aylmer: better than what it was. JP Morgan says both major 171 00:09:04,960 --> 00:09:09,000 Sean Aylmer: supermarkets are attempting to reposition their value perception ahead of 172 00:09:09,040 --> 00:09:12,320 Sean Aylmer: the Australian Competition and Consumer Commission's final report into the industry, 173 00:09:12,600 --> 00:09:15,760 Sean Aylmer: and of course the federal election which is being played 174 00:09:15,840 --> 00:09:19,720 Sean Aylmer: around the cost of living. Meanwhile, consumer advocacy group Choices 175 00:09:19,880 --> 00:09:24,439 Sean Aylmer: December quarterly grocery basket survey found Aldi to be the 176 00:09:24,520 --> 00:09:28,080 Sean Aylmer: cheapest in a basket of fourteen commonly bought grocery items 177 00:09:28,240 --> 00:09:30,640 Sean Aylmer: in cleaning things like them, taste of Cheese, beef, mince, 178 00:09:30,800 --> 00:09:34,280 Sean Aylmer: penne Pasta. Choice has been provided with gouvernment funds to 179 00:09:34,320 --> 00:09:37,800 Sean Aylmer: research supermarket prices at Aldi, Willies, Coals and IgA as 180 00:09:37,880 --> 00:09:39,240 Sean Aylmer: part of the crackdown on the sector. 181 00:09:40,000 --> 00:09:44,000 Michael Thompson: We talked about Aldi's dishwashing tablets before You're a fan. Yeah, 182 00:09:44,040 --> 00:09:47,240 Michael Thompson: the logics Platinum Yeah, twelve bucks compared to like twenty 183 00:09:47,320 --> 00:09:49,920 Michael Thompson: five dollars or the other one excellently top not twash. 184 00:09:51,080 --> 00:09:53,800 Michael Thompson: There you go, there's an advertising campaign top not Twash. 185 00:09:54,520 --> 00:09:59,720 Michael Thompson: Warner Brothers Discovery Max. The new streaming service Sean launched 186 00:09:59,760 --> 00:10:03,200 Michael Thompson: this week in Australia. It'll cost but eleven ninety nine 187 00:10:03,440 --> 00:10:07,440 Michael Thompson: is a special introductory price for their standard package. That's 188 00:10:07,440 --> 00:10:09,360 Michael Thompson: if you don't want ads. If you want premium, it'll 189 00:10:09,360 --> 00:10:12,760 Michael Thompson: be seventeen ninety nine a month. It's big selling point 190 00:10:13,000 --> 00:10:16,520 Michael Thompson: is HBO all the content that comes from HBO, from 191 00:10:16,640 --> 00:10:19,160 Michael Thompson: The Sopranos to Succession and Game of Thrones and a 192 00:10:19,240 --> 00:10:22,800 Michael Thompson: whole lot of other titles. But the big challenge, right 193 00:10:22,880 --> 00:10:26,280 Michael Thompson: is that it is entering a very very crowded market. 194 00:10:27,000 --> 00:10:29,760 Sean Aylmer: Yes, so this is just an excuse for us to 195 00:10:29,800 --> 00:10:31,760 Sean Aylmer: look at the streaming market in Australia. Really. 196 00:10:31,840 --> 00:10:34,120 Michael Thompson: Oh yeah, I mean, how much room have you got 197 00:10:34,120 --> 00:10:35,400 Michael Thompson: in your viewing schedule? Shot? 198 00:10:35,520 --> 00:10:37,880 Sean Aylmer: The sad thing is that all of these ones, if 199 00:10:37,960 --> 00:10:41,520 Sean Aylmer: my household has a subscription to all of them now, 200 00:10:41,559 --> 00:10:44,880 Sean Aylmer: Netflix remains the king six point two million subscribers according 201 00:10:44,920 --> 00:10:46,920 Sean Aylmer: to tell site, and all our numbers are on tel site. 202 00:10:46,920 --> 00:10:50,600 Sean Aylmer: Thanks to tell site. Aight ninety nine ad free the 203 00:10:50,679 --> 00:10:54,320 Sean Aylmer: go to streaming service. I would say number two Amazon 204 00:10:54,400 --> 00:10:57,440 Sean Aylmer: Prime four point eight million subscribers add for its twelve 205 00:10:57,520 --> 00:11:00,480 Sean Aylmer: ninety nine. It's actually relatively cheap, but not as much 206 00:11:00,480 --> 00:11:02,240 Sean Aylmer: content as Netflix. 207 00:11:02,559 --> 00:11:04,600 Michael Thompson: And the main reason you get that is because you 208 00:11:04,679 --> 00:11:07,280 Michael Thompson: get the delivery. It's a free delivery with Amazon. 209 00:11:07,440 --> 00:11:11,240 Sean Aylmer: Now number three Disney Plus done a really good job 210 00:11:11,360 --> 00:11:14,720 Sean Aylmer: growing their business here three point one million. It's quite expensive. 211 00:11:14,720 --> 00:11:19,280 Sean Aylmer: It's almost twenty one bucks ad free. Number four stand 212 00:11:19,320 --> 00:11:22,640 Sean Aylmer: two point six million, seventeen dollars a month. Standard was 213 00:11:22,800 --> 00:11:25,040 Sean Aylmer: number two for a long while, now number four. The 214 00:11:25,080 --> 00:11:27,440 Sean Aylmer: big question around that is what owner nine will do 215 00:11:27,559 --> 00:11:29,760 Sean Aylmer: if it sells at stake in domain? Is that with 216 00:11:29,800 --> 00:11:32,240 Sean Aylmer: around billion dollars to spend, does it go hard on streaming? 217 00:11:32,240 --> 00:11:35,880 Sean Aylmer: We'll see. Number five is Paramount Plus one point eight million. 218 00:11:36,760 --> 00:11:39,600 Sean Aylmer: It's cheap nine ninety nine add free, not as much content. 219 00:11:39,880 --> 00:11:43,480 Sean Aylmer: I got to say Jackie Loves nineteen twenty three, the 220 00:11:43,559 --> 00:11:47,559 Sean Aylmer: show Oh I've watched It, Oh Dad Living on bing 221 00:11:48,320 --> 00:11:52,720 Sean Aylmer: Binge one point six million subscribers. It's got a bunch 222 00:11:52,760 --> 00:11:54,640 Sean Aylmer: of tears, but around nineteen dollars a month add free 223 00:11:54,679 --> 00:11:57,440 Sean Aylmer: in Apple TV's twelve ninety nine a month Apple is 224 00:11:57,720 --> 00:12:01,679 Sean Aylmer: it's sleek, but I got to say it's very limited content. 225 00:12:01,720 --> 00:12:04,200 Sean Aylmer: But the content that's there is really good. They don't 226 00:12:04,240 --> 00:12:06,200 Sean Aylmer: do third party deals, they only do their own content. 227 00:12:06,520 --> 00:12:08,520 Sean Aylmer: Then you've got all the freeware services of course, niche 228 00:12:08,520 --> 00:12:10,760 Sean Aylmer: players like Big Box, AMC Plus, et cetera. 229 00:12:10,920 --> 00:12:13,360 Michael Thompson: The one that is going to struggle most, you would think, 230 00:12:13,400 --> 00:12:15,959 Michael Thompson: will be Binge now because that is where all of 231 00:12:16,000 --> 00:12:18,720 Michael Thompson: the HBO content has been living up until now, and 232 00:12:18,760 --> 00:12:20,360 Michael Thompson: now it's just across, heading across. 233 00:12:20,720 --> 00:12:22,240 Sean Aylmer: Not immediately, it'll take some time, but. 234 00:12:22,360 --> 00:12:25,160 Michael Thompson: Yeah, but even even things like White Lotus, which is 235 00:12:25,200 --> 00:12:27,960 Michael Thompson: the hottest show in the world at the moment, your favorite. Yes, 236 00:12:28,200 --> 00:12:30,400 Michael Thompson: that's right. I'm not alone in that, and it is 237 00:12:30,480 --> 00:12:35,800 Michael Thompson: transitioning across from Binge to Max. Turning to international news, Yes, now, 238 00:12:35,920 --> 00:12:41,240 Michael Thompson: Michael Sean getting back on track. French politics. It's always dramatic, 239 00:12:41,280 --> 00:12:44,080 Michael Thompson: it is, right, though the last thirty six hours, you've 240 00:12:44,080 --> 00:12:47,800 Michael Thompson: got to say, have been particularly remarkable. A French court 241 00:12:47,880 --> 00:12:52,360 Michael Thompson: has convicted Marine Lapen of embezzlement and barred her from 242 00:12:52,400 --> 00:12:55,760 Michael Thompson: seeking public office for five years, which is actually a 243 00:12:55,920 --> 00:12:57,280 Michael Thompson: much bigger deal in it sounds. 244 00:12:57,440 --> 00:13:00,079 Sean Aylmer: Yes, so Marine Lapen is a leading presidential hope of 245 00:13:00,160 --> 00:13:03,920 Sean Aylmer: the far right, very nearly toppled Emanuel Macron in the 246 00:13:04,000 --> 00:13:08,280 Sean Aylmer: last election. Has run in the last three elections, maybe 247 00:13:08,280 --> 00:13:11,280 Sean Aylmer: it's even four. Certainly three elections she has. The Pen's 248 00:13:11,320 --> 00:13:13,280 Sean Aylmer: lawyers said that she would appeal a verdict, but she'll 249 00:13:13,320 --> 00:13:18,240 Sean Aylmer: remain ineligible while she does so. She's probably ruled out 250 00:13:18,280 --> 00:13:21,360 Sean Aylmer: of the twenty twenty seven presidential race. She was also 251 00:13:21,480 --> 00:13:25,000 Sean Aylmer: sentenced to two years under house arrest. Now her party 252 00:13:25,040 --> 00:13:27,240 Sean Aylmer: is called for mass protests in response to the ruling 253 00:13:27,280 --> 00:13:30,400 Sean Aylmer: by the three judges. The court found that a system 254 00:13:30,480 --> 00:13:33,319 Sean Aylmer: of fake contracts and jobs help the Penz party siphon 255 00:13:33,360 --> 00:13:35,760 Sean Aylmer: off about four point four million dollars of EU funds 256 00:13:36,040 --> 00:13:39,720 Sean Aylmer: by using parliamentary assistance in Brussels to work for the 257 00:13:39,760 --> 00:13:43,600 Sean Aylmer: party in France. So broad are the political implications, and 258 00:13:43,640 --> 00:13:45,719 Sean Aylmer: even some of her opponents are just saying I think 259 00:13:45,720 --> 00:13:48,280 Sean Aylmer: that Paris court went a little bit too far. But 260 00:13:48,360 --> 00:13:50,760 Sean Aylmer: it is quite I mean, I suppose it's the equivalent 261 00:13:50,800 --> 00:13:56,040 Sean Aylmer: of saying Anthony Albaneasy, we're barring you because of well, 262 00:13:56,040 --> 00:13:58,520 Sean Aylmer: I don't want to say anything out is ever sorry? 263 00:13:58,840 --> 00:13:59,520 Michael Thompson: It probably better? 264 00:13:59,559 --> 00:14:01,960 Sean Aylmer: Is actually it a done? But not that they're embezzling, 265 00:14:02,000 --> 00:14:08,880 Sean Aylmer: but it's questionable where the marine Lapin has been rightly convicted. Yep, 266 00:14:09,080 --> 00:14:13,560 Sean Aylmer: I'm going into legal territory here. I'm just watching an extraordinary, 267 00:14:13,679 --> 00:14:14,640 Sean Aylmer: extraordinary decision. 268 00:14:14,720 --> 00:14:16,640 Michael Thompson: Yeah, certainly. Shall we talk about Tinder, Sean? 269 00:14:16,920 --> 00:14:19,840 Sean Aylmer: Yeah, yeah, you don't normally say that to me, but. 270 00:14:19,800 --> 00:14:22,480 Michael Thompson: Yeah, bizarrely it could be safer ground for you. Right now, 271 00:14:23,080 --> 00:14:27,720 Michael Thompson: Tinder has unveiled an in app game that invites users 272 00:14:27,720 --> 00:14:34,720 Michael Thompson: to flirt with artificially intelligent chatbots. Well that's what you like. 273 00:14:36,400 --> 00:14:39,120 Michael Thompson: What have we become? This is part of a larger 274 00:14:39,240 --> 00:14:43,600 Michael Thompson: effort to return the dating app to growth by boosting 275 00:14:43,720 --> 00:14:45,200 Michael Thompson: user engagement. 276 00:14:44,800 --> 00:14:48,840 Sean Aylmer: So it's called it's part proof of concept, part marketing stunt. 277 00:14:49,120 --> 00:14:53,360 Sean Aylmer: According to Bloomberg and Tender is using open ais Chat 278 00:14:53,400 --> 00:14:58,880 Sean Aylmer: GPT to generate short, highly exaggerated rom com scenarios. Okay, 279 00:15:00,520 --> 00:15:03,520 Sean Aylmer: a stranger reaching for the same shopping basket at a 280 00:15:03,520 --> 00:15:07,120 Sean Aylmer: grocery store, when someone whose luggage got switched up with 281 00:15:07,160 --> 00:15:09,560 Sean Aylmer: yours at airport baggage. 282 00:15:10,040 --> 00:15:14,000 Michael Thompson: They usually romantic scenarios. 283 00:15:13,880 --> 00:15:16,640 Sean Aylmer: And talking to the bot which initiates the scene, users 284 00:15:16,680 --> 00:15:20,960 Sean Aylmer: can accumulate points for warmth and curiosity, receive real time 285 00:15:21,040 --> 00:15:24,440 Sean Aylmer: feedback on their responses, and ultimately sort of win the 286 00:15:24,520 --> 00:15:28,200 Sean Aylmer: game for our character verbally agrees to a date. It's 287 00:15:28,240 --> 00:15:31,960 Sean Aylmer: got like a practice session. It's limited to five per day, 288 00:15:33,200 --> 00:15:34,800 Sean Aylmer: in about three minutes at a time. 289 00:15:35,640 --> 00:15:35,800 Michael Thompson: Now. 290 00:15:35,840 --> 00:15:38,640 Sean Aylmer: It's only offered in iOS uses in the US at 291 00:15:38,680 --> 00:15:40,240 Sean Aylmer: the moment, But. 292 00:15:40,280 --> 00:15:43,800 Michael Thompson: I would dearly love to be able to get that 293 00:15:44,120 --> 00:15:48,360 Michael Thompson: and for us to do a live critique of your 294 00:15:48,400 --> 00:15:49,160 Michael Thompson: flirting style. 295 00:15:50,040 --> 00:15:53,080 Sean Aylmer: So I've got to say Tinder like post my time. 296 00:15:53,160 --> 00:15:56,040 Sean Aylmer: I'm older than you, so I didn't ever have the opportunity. 297 00:15:56,040 --> 00:15:58,200 Sean Aylmer: I don't know that's quite the right word to use. Tinder, 298 00:15:58,360 --> 00:16:00,680 Sean Aylmer: So I don't know much about it. People about swiping 299 00:16:00,720 --> 00:16:02,400 Sean Aylmer: left and right, but that's. 300 00:16:03,240 --> 00:16:06,280 Michael Thompson: Which ye well, Charlotte, I have been together for twenty 301 00:16:06,360 --> 00:16:08,920 Michael Thompson: years this year, so Tinder as well, and truly kind 302 00:16:08,920 --> 00:16:13,240 Michael Thompson: of I do not know, But I would dearly love 303 00:16:13,320 --> 00:16:16,160 Michael Thompson: to see you in the studio right here. I'll look 304 00:16:16,160 --> 00:16:17,800 Michael Thompson: over your shoulder and watch you as you do it, 305 00:16:17,840 --> 00:16:19,560 Michael Thompson: and I will describe. 306 00:16:19,320 --> 00:16:21,320 Sean Aylmer: What's going on, what's going on right now. 307 00:16:21,160 --> 00:16:24,120 Michael Thompson: I'll please please. That will make my dreams come true. 308 00:16:24,520 --> 00:16:27,280 Michael Thompson: It's a weird thing to say. Up Next is the. 309 00:16:27,160 --> 00:16:33,680 Sean Aylmer: Fear Okay, Up Next is a Fear and Greed Daily Interview. 310 00:16:33,680 --> 00:16:38,160 Sean Aylmer: With Anika Bradley from unicuper. Michael's gone, he's off laughing 311 00:16:38,200 --> 00:16:40,160 Sean Aylmer: in the distance. That's up next to the Fear and 312 00:16:40,160 --> 00:16:44,200 Sean Aylmer: Greed playlist on your podcast platform or at Fearangreed dot com. 313 00:16:44,200 --> 00:16:46,360 Sean Aylmer: That are you, And of course Michael's back. Of course, 314 00:16:46,400 --> 00:16:47,920 Sean Aylmer: today big day. 315 00:16:48,520 --> 00:16:49,480 Michael Thompson: It is newsletter day. 316 00:16:49,480 --> 00:16:52,080 Sean Aylmer: Sure, his newsletter day. And most of you probably have 317 00:16:52,120 --> 00:16:53,920 Sean Aylmer: it in your inbox already. Will those that have signed 318 00:16:54,000 --> 00:16:57,000 Sean Aylmer: up probably haven't. We're we're setting out at earlier nowadays. 319 00:16:57,080 --> 00:16:59,280 Michael Thompson: That's right, and we've got some very very exciting news 320 00:16:59,320 --> 00:17:01,440 Michael Thompson: coming soon about the newsletter. So if you haven't signed 321 00:17:01,480 --> 00:17:03,760 Michael Thompson: up already, go along with Fearangreed dot com dot au, 322 00:17:04,160 --> 00:17:07,479 Michael Thompson: pop your email address in and you will be privy 323 00:17:07,760 --> 00:17:10,639 Michael Thompson: to this exciting news. Thank you, Sean. 324 00:17:10,680 --> 00:17:11,240 Sean Aylmer: Thanks, Michael. 325 00:17:11,280 --> 00:17:13,440 Michael Thompson: It is Wednesday, the second of April twenty twenty five. 326 00:17:13,640 --> 00:17:15,639 Michael Thompson: Make sure you're following the podcast and please join us 327 00:17:15,680 --> 00:17:19,040 Michael Thompson: online on LinkedIn, Instagram, x TikTok and Facebook. I'm Michael 328 00:17:19,080 --> 00:17:24,000 Michael Thompson: Thompson and that was Fear and Greed. Have a great day.