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Speaker 1: This is the weekend edition of Fear and Greed business

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Speaker 1: news you can use. I'm Michael Thompson, and good morning,

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Speaker 1: Sean Aylmer.

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Speaker 2: Good morning, Michael, Sean.

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Speaker 1: Our weekend show is all about the two of us,

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Speaker 1: each nominating what we think is the biggest business.

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Speaker 3: Story of the week.

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Speaker 2: Have a stretch in the intro. I did it.

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Speaker 3: I know I did that last week.

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Speaker 1: And as soon as I started to stretch, I'm like,

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Speaker 1: don't do it, don't do it, You've done it.

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Speaker 3: Oh what an idiot? Just limbering up.

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Speaker 1: We are after the biggest story of the week. We

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Speaker 1: are after the most remarkable business story, a mystery category

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Speaker 1: that we change every every week, and we've got a

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Speaker 1: really good one this week. And then our favorite story.

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Speaker 1: We are joined every week by a judge to pick

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Speaker 1: a winner who did a fantastic job last week of

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Speaker 1: picking a winner that's.

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Speaker 2: A ninety two al last week. I'm just trying to remember.

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Speaker 4: Dead heating on the points.

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Speaker 1: Yeah, yes, but for overall there could only be one winner,

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Speaker 1: and that winner it's me and our judge is Adam

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Speaker 1: laying our Fear and Greed colleague.

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Speaker 3: Adam.

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Speaker 4: Good morning, Good morning, Michael, Good morning, Sean.

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Speaker 1: Morning damp skeep very quick, rundown anything in particular you're

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Speaker 1: looking for today. We know you have your standard set

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Speaker 1: of criteria. You're changing it up at all because it's

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Speaker 1: getting so close to Christmas.

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Speaker 3: Maybe a festive em into it.

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Speaker 5: Oh well maybe, Okay, high economic impact.

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Speaker 2: You know Adam, you don't throw a curveball like Adam.

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Speaker 4: Straight line. Okay, not so good economic impact, right. We

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Speaker 4: want to have a little bit.

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Speaker 5: Of most subjective bias played to in some melodrama. But

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Speaker 5: really it's got to be timely, it's got to be topical.

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Speaker 1: Okay, let's go good biggest story, Sean, go for it.

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Speaker 2: Economics, Michael was that it.

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Speaker 3: That was quick. I know I'm going to try and

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Speaker 3: keep today.

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Speaker 2: Sean would win on that Reserve Bank worried about inflation.

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Speaker 2: Found out that this week that after the Central Bank

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Speaker 2: Board meeting, they think that the inflation outlook has deteriorated.

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Speaker 2: It's now got a decidedly tightening bias, and we've got

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Speaker 2: laborfore data the local economy. She had more than twenty

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Speaker 2: one thousand jobs, quite incredible. Full time employment dropped by

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Speaker 2: fifty seven thousand in November. Now men were most of

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Speaker 2: those and part time employment jump by thirty five thousand.

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Speaker 2: Women were most of those, So it's just interesting how

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Speaker 2: that is changing the job's data. Kind of adds to

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Speaker 2: the argument that maybe we should think about a raycat.

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Speaker 2: The inflation is quite the opposite. We all know that

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Speaker 2: inflation is far more important than the employment market, in

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Speaker 2: the reserve banks, in the reserve bank size. Therefore, I

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Speaker 2: think by the end of the week we're still that

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Speaker 2: tightening bias is much stronger than where what it was

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Speaker 2: before started. Also a bunch of other partial indicators. My

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Speaker 2: favorite this is the column of bank credit card data. Yeah,

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Speaker 2: November was a strong month, mostly because spending on leisure jumped,

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Speaker 2: and that was mostly because of Oasis Metallica, A C

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Speaker 2: d C, the Ashes cricket test in Perth, the release

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Speaker 2: of the movie Wicked. I think that's pretty cool anyway.

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Speaker 2: The economy difficult to read, but definitely tightening bias.

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Speaker 1: You know, it's difficult to read as well as Adam's

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Speaker 1: face sometimes scrutinizing he was reading that.

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Speaker 4: It's just yeah, I was to take down.

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Speaker 1: Yeah, when you mentioned Oasis and A C d C

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Speaker 1: and stuff, I thought, you're you're you're playing to Adam's

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Speaker 1: subjective bias of music.

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Speaker 2: There was nothing, There was no down, a.

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Speaker 5: Lot of internal excitement. The two day test a test.

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Speaker 5: It was only two days.

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Speaker 2: In Perth, in your home city. Hey, Adam, if you

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Speaker 2: wanted to go to Ote, you could go to one

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Speaker 2: of those three Oases Metallica A c DC. Here would

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Speaker 2: you pick?

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Speaker 5: Okay, I have seen two of the three, so I'd

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Speaker 5: have to pick Oasis.

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Speaker 2: Because you haven't seen I did.

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Speaker 4: I didn't go.

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Speaker 5: No, I haven't seen them because and I do love

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Speaker 5: the band, it's just so expensive.

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Speaker 4: I was a bit offended by it, so I got churlish.

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Speaker 2: No.

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Speaker 4: See, my theory is I'll be back too.

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Speaker 5: I have this little sneaking suspicion.

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Speaker 3: No no, no, no.

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Speaker 1: With with with a pair like that, you need to

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Speaker 1: take the opportunity when they're together.

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Speaker 2: It's like it's danger money that two hundred and fifty

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Speaker 2: nine dollars a ticket for the cheapest ticket.

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Speaker 1: Yeah, That's why I saw Simon and Garfuncle when they

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Speaker 1: did one tour, because I'm like, there's no way these

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Speaker 1: too are ever going to get back together and again

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Speaker 1: because I.

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Speaker 3: Hate each other.

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Speaker 1: Anyway, I'm suggesting it's quite similar with Oasis, but he

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Speaker 1: would you go.

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Speaker 2: To see michaelis Metallica, AC DC, Simon and Garf Uncle.

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Speaker 2: I got to tell you, I'd absolutely see Metallica is

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Speaker 2: one of the very awesome. They are like the great

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Speaker 2: musical heavy rock.

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Speaker 4: Band enter Sandman alone, just for that one song.

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Speaker 2: I'd go, Michael, you're getting asie, come on, move on.

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Speaker 1: And now remember last week we did our Spotify wrapped

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Speaker 1: data and we've had out that my musical age was

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Speaker 1: seventy eight and yours is seventy two short and yours, Adam,

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Speaker 1: was fifty seventy.

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Speaker 3: I think fifty eight. Yeah, that's right. Anyway, we can

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Speaker 3: see now why.

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Speaker 4: We all ended up older, some by more than others.

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Speaker 1: Significantly more double my age. Okay, biggest story of the week.

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Speaker 1: There aren't many weeks right that we get to talk

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Speaker 1: about an Australian world first, but this is genuinely one

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Speaker 1: of those because on Wednesday the government's ban on under

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Speaker 1: sixteen year old's accessing social media kicked in. And this

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Speaker 1: is designed to give young people a bit of space

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Speaker 1: when their brains are developing at a really vulnerable time

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Speaker 1: of life, a bit of protection from the bullying of

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Speaker 1: social media. A bit of protection from the exploitation of

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Speaker 1: the algorithms on these platforms. This is going to save lives,

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Speaker 1: It is going to change lives.

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Speaker 3: It is not perfect.

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Speaker 1: There were reports immediately of fifteen year olds being verified

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Speaker 1: with the age gating software on Snapchat, and others getting

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Speaker 1: through with fake birthdays and a bunch of different other ways,

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Speaker 1: of course, ways to get around it. There's always going

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Speaker 1: to be ways, and young people are very innovative when

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Speaker 1: it comes to that. Teens also flocked to the other

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Speaker 1: unrestricted platforms like Lemonade, and we saw those jumping up

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Speaker 1: the charts the app download charts as well. But the

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Speaker 1: government and the e Safety Commission have said that they

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Speaker 1: will adjust the ban as they need to. They're going

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Speaker 1: to add more platforms as they need to. They will

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Speaker 1: keep working at it as they need to. The rest

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Speaker 1: of the world is watching this. We've got countries like

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Speaker 1: Denmark and France and Britain and Germany and Spain actively

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Speaker 1: talking about following Australia's lead here. The government has done

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Speaker 1: a really good thing and it happened with bipartisan support.

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Speaker 1: It is a big, big story, the biggest of the

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Speaker 1: week because of the impact that this is and can

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Speaker 1: have on young people at a time and they really

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Speaker 1: need the help. So I know that's really really serious.

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Speaker 1: But I think I think this is an incredible story.

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Speaker 5: It is on economic impact alone. They're really tough, They're very,

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Speaker 5: very equal. I reckon these two stories. You know, these

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Speaker 5: big international tech companies don't pay any tax, they're not regulated.

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Speaker 5: And I'm going to use my subjective bias idea here

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Speaker 5: and say, yeah, Michael, you have to win.

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Speaker 2: Oh, thank god, thank god. It would have been a

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Speaker 2: shame o these.

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Speaker 3: For your ingred's credibility is at stay here.

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Speaker 2: You used the great phrase in that they up the app,

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Speaker 2: download charts, up the app, dontload charts, up the app,

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Speaker 2: download charts. Wow, how do they.

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Speaker 4: Do that one?

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Speaker 2: Neil?

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Speaker 3: Michael?

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Speaker 2: Well done?

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Speaker 3: Oh thank you.

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Speaker 1: Shall we go on to how about how good sportsman

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Speaker 1: like we are being so far today?

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Speaker 5: When you win, Michael, there's a slight change in atmosphere.

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Speaker 3: Yeah, but notice the same with Sean.

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Speaker 2: Media. Then, I mean.

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Speaker 3: It's hard.

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Speaker 2: That's one of the biggest stories of the year.

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Speaker 1: Yeah, fair enough, yep, Okay, let's do most remarkable. I

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Speaker 1: will go first on this. This might be a tougher

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Speaker 1: one for me. Because Adam just has a he's biased

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Speaker 1: against big stories, Like he doesn't like here we Go.

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Speaker 3: He doesn't like big stuff.

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Speaker 4: He doesn't like, oh you're charming me. He doesn't.

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Speaker 1: It doesn't like stories happening overseas that have an impact

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Speaker 1: on Australia. It doesn't like anything that's got like big

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Speaker 1: price days attached to it. And it doesn't get much

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Speaker 1: more remarkable than basically one hundred billion dollar battle over

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Speaker 1: the future of Hollywood. The start of the week, right

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Speaker 1: we were talking about Netflix making a deal to buy

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Speaker 1: Warner Brothers for the equivalent of about one hundred and

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Speaker 1: eight billion dollars. This is all in Australia. I just thought,

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Speaker 1: keep it simple and just talk buzzie dollars one hundred

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Speaker 1: and eight billion. Then Paramount Skydance came just barreling in

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Speaker 1: with a hostile takeover bid for Warner Brothers, which values

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Speaker 1: the company at around one hundred and sixty three billion dollars,

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Speaker 1: a much, much, much much higher bid. But the two deals,

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Speaker 1: the two offers are not equal in terms of what

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Speaker 1: they want. Netflix only wants the movie studio, the HBO

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Speaker 1: streaming service, the huge content library from kind of Harry Potter,

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Speaker 1: to Game of Thrones, that kind of stuff. Paramount wants everything,

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Speaker 1: all that stuff, plus the cable channels like CNN. It

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Speaker 1: wants to join the two legacy studios, Paramount and Warner

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Speaker 1: Brothers together to take on the mite of Netflix, to

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Speaker 1: take on the mat of Disney and Amazon. But if

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Speaker 1: Netflix wins, it could entirely change the future of the industry,

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Speaker 1: the future of cinema. Will anything have a theatrical release anymore.

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Speaker 1: Then you add in the political element to this one

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Speaker 1: as well. Donald Trump kind of implying this week that

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Speaker 1: he was the king maker here, that he'll make the

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Speaker 1: final decision because there are a lot of regulatory hurdles

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Speaker 1: that need to be jumped through this process. His son

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Speaker 1: in law is certainly very close in business to the

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Speaker 1: Paramount side of this. This story just keeps on giving

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Speaker 1: because of the theater of it all. We are talking Hollywood,

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Speaker 1: we are talking theater. It's not theater, it's Hollywood Chinese theater. Yes,

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Speaker 1: the political element of it, and just the sheer amount

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Speaker 1: of money that is involved in this it is remarkable

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Speaker 1: in every sense.

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Speaker 2: I suppose. What I remember most about that story is

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Speaker 2: Adams saying Chinese theater and I'm like, what's Chinese theater got.

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Speaker 5: The Man's Chinese Theater in La You know, the famous

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Speaker 5: one where they have all the.

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Speaker 1: Movie Ye don't they have the Oscar ceremony there too,

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Speaker 1: that's the yeah, yeah, yeah.

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Speaker 2: Anyway, anyway, I stuff, Michael, remarkable stuff.

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Speaker 1: It truly was remarkable, and I thought it, Oh yeah, just.

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Speaker 3: Let you know, I do not like this.

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Speaker 1: I do not like Adam's inscrutability. Today, He's been very normally,

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Speaker 1: there's a little bit more kind of the eyebrows go up,

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Speaker 1: there's a little bit of a gleam in the eyes.

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Speaker 2: Maybe when he gets excited, he dances, so you can

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Speaker 2: hear coming in from the microphone. So you're standing in

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Speaker 2: the studio there and Adam's always on my left and Michael,

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Speaker 2: you're kind of looking towards us both across the DS.

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Speaker 2: And then when you see Adam starting to move around

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Speaker 2: and dance, if he always excited, we.

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Speaker 3: Must we must be talking about reform.

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Speaker 2: Here we go, my most remarkable story. Let me read

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Speaker 2: his sentence from Thursday Morning Show, which Michael, you actually

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Speaker 2: laughed at at the time, and this sort of sums.

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Speaker 4: Is going to quote yourself share as said by.

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Speaker 2: The once but no longer Great Elmer. Yes, I quote.

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Speaker 2: The Independent Parliamentary Authority will now examine Communication Minister Anika

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Speaker 2: Wells's use of family reunion entitlements to fly her husband

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Speaker 2: and sometimes her children to AFL and NRL Grand Finals,

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Speaker 2: two Boxing day test matches and F one Grand Prix

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Speaker 2: a trip to St red Bow, and her use of

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Speaker 2: comcar transport end quite the travel expenses for one of

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Speaker 2: a better word. Scandal seems to be hitting all sides

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Speaker 2: of politics, from Wells to Trade Minister Don Farrell to

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Speaker 2: Opposition member Bridget Mackenzie Green, Senator Sarah Hanson Young, to

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Speaker 2: many others. Prime Minister Anthony Albanezi it's getting under his skin.

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Speaker 2: He got a bit tetchy late in the week saying

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Speaker 2: the rules in parliamentary travel and titlements will establish the

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Speaker 2: Government hasn't changed them or added anything. Two things are

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Speaker 2: truly remarkable about this. It is remarkable that we are

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Speaker 2: having this debate given no one's actually broken the rules.

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Speaker 2: We don't think. I applaud all our political leaders for

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Speaker 2: spending so much time away from home, so I'm actually

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Speaker 2: happy for family members to come along. I reckon they

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Speaker 2: should get more of it. However, we are having the debate.

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Speaker 2: So the second thing that's remarkable is that the Alp

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Speaker 2: and Albanese it just don't understand how awful this looks.

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Speaker 2: This comes back to that first sentence, right, they're inquiring

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Speaker 2: AFL and our Oil Grand Finals bocking Day test matches

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Speaker 2: f on Grand Prix, tripped the threadbow. That just smells,

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Speaker 2: doesn't It doesn't pass the pub test. Sure, nothing is illegal,

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Speaker 2: but it just looks awful. Quite remarkable first at having

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Speaker 2: the debate, but we are having it. Remarkable the ten

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Speaker 2: ear I think Labor has on this one, Adam.

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Speaker 5: And also the way that Albanesi, he clearly got very

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Speaker 5: defensive on it from insiders on Sunday through to the

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Speaker 5: end of the week show on.

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Speaker 2: As you mentioned, your worst wors.

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Speaker 5: So he just couldn't dig himself out of that hole.

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Speaker 5: And at the same time, a bit of a legacy

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Speaker 5: item here is you know Susan Lee lost I had

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Speaker 5: to move see her portfolio, had to drop out of

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Speaker 5: an office when they Labor attacked her for very similar things.

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Speaker 2: Right, So to the goal she bought a house watches

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Speaker 2: up there that's irrelevant investment, So.

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Speaker 5: You know it's kind of I should have seen this coming,

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Speaker 5: but it totally ambushed all of the good story and

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Speaker 5: reportage about the social media reform, and so I think

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Speaker 5: that had such a deep impact on wrong footing the

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Speaker 5: government in a week. They just really didn't want it.

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Speaker 5: It should have been so great and it wasn't. Because

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Speaker 5: of that, it was remarkable. I think this one though,

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Speaker 5: on economic impact, and again this is my bias.

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Speaker 4: Michael has to win this one.

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Speaker 5: The reason is Netflix versus the world, Adam, Adam from

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Speaker 5: from from remember the writers and the actors strike. Netflix

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Speaker 5: have absolutely put the pincers on the old school movie

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Speaker 5: houses and they haven't really found a way back yet.

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Speaker 5: And that Netflix is in such a strong, strong position.

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Speaker 5: It's gone to a Netflix versus the rest. And the

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Speaker 5: economic impact is hues. And again in this country they

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Speaker 5: don't pay any tax, they don't only recently support local production.

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Speaker 5: So yeah, stop banging on now, wildo Michael, this is.

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Speaker 2: I have nothing to say to that, Adam. We are

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Speaker 2: nothing to say.

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Speaker 1: We are about to see a legendary ale the dummy spit.

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Speaker 1: Thankfully it's late in the year, that's right, So if

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Speaker 1: he bans himself from doing economics for another year, as

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Speaker 1: he did last year.

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Speaker 3: It'll only be for a week or so.

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Speaker 1: Okay, very quick, break back in a moment with our

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Speaker 1: mystery category. All right, Sean, we are doing our mystery

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Speaker 1: category now for the week. What's the score just to nil?

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Speaker 3: Okay, so.

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Speaker 4: It's very said before.

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Speaker 1: Yes, I've said it many times. I've just never been

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Speaker 1: refelling to myself. Yeah, indeed for the two okay, this

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Speaker 1: is our favorite.

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Speaker 3: Sorry.

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Speaker 1: Our mystery category this week is dumb announcements. Right, Okay,

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Speaker 1: there's there's been a couple of them this week. You

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Speaker 1: know what, let's just Sean, just jump in announcements. It

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Speaker 1: will be pretty clear, we go.

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Speaker 2: Hope, So dumb announcement. If you are Quantus and you

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Speaker 2: are going to announce and make a song and dance

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Speaker 2: about the return of your tenth and final A three

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Speaker 2: eighty to the skies after it had undergone one hundred

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Speaker 2: thousand hours of maintenance over two and a half years,

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Speaker 2: having previously sat in the desert for three years during

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Speaker 2: him after COVID, you'd want to make sure everything is

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Speaker 2: right to go alas. That was not the case when

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Speaker 2: the final A three eighty, named after the founder of Quantas,

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Speaker 2: flew back into operation. This week. I don't know whether

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Speaker 2: it was its first flight, but certainly one but its

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Speaker 2: first flight. Sitting to LA, the plane was grounded following

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Speaker 2: damage to the slat on its left wing. If you

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Speaker 2: saw the photo, it looked like a hole in the wing.

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Speaker 2: They quit landed safely. Nothing worry about here. The slats

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Speaker 2: are used to alter the surface of the wing on

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Speaker 2: takeoff and landing. Essentially they allow the planes to take

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Speaker 2: off and land at lower speeds. Quantus then confirmed that

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Speaker 2: the plane had an unrelated electrical system malfunctioned on the

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Speaker 2: third and hour flight to California, which prevented some passengers

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Speaker 2: from using an in flight entertainment system. Dumb announcement, Michael, Yeah,

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Speaker 2: that is a cracker.

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Speaker 1: Mine, however, is entirely driven by self interest, and I

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Speaker 1: don't know whether this one fits the category entirely. It's

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Speaker 1: more something that's causing me a bit of concern.

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Speaker 3: Bit of ANNGS.

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Speaker 1: Next year we are taking the kids to Disneyland to

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Speaker 1: the US to Disneyland in California. It's going to be fantastic.

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Speaker 1: Or also going to take them to see the Grand Canyon,

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Speaker 1: which is very exciting.

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Speaker 3: Except this week we talked.

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Speaker 1: About an announcement out of the US that aims to

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Speaker 1: put US tourists first, and one hundred and fifty dollars

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Speaker 1: charge per person for foreigners to visit national parks like

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Speaker 1: your Samity, like Yellowstone. And you guessed at the Grand

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Speaker 1: Canyon where we are going. So suddenly for four people,

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Speaker 1: that has now added on six hundred dollars that we

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Speaker 1: need to find in order to go and visit the

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Speaker 1: Grand Canyon. The other thing, and this is probably the

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Speaker 1: one that is going to have a broader impact, particularly

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Speaker 1: on other people traveling to the US, the US is

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Speaker 1: proposing major new est rules. They're talking about mobile only applications.

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Speaker 1: This is for that kind of visa thing that you

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Speaker 1: need to get into the country, submitting biometrics, face fingerprints, DNA,

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Speaker 1: IRS scans potentially plus extensive personal data including five years

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Speaker 1: of social media, phone history, email history, IP addresses, family details.

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Speaker 1: Applications will be slower and far more detailed. They'll be

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Speaker 1: tougher identity checks, and suddenly it gets concerning, It gets

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Speaker 1: really hard going. We're trying to plan a family holiday

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Speaker 1: to the US. It's becoming more expensive, it is becoming

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Speaker 1: more difficult. We're just there to spend money. We're not

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Speaker 1: there to take jobs. I don't get it, And maybe

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Speaker 1: maybe I shouldn't say anymore than that, because I would

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Speaker 1: still very much like to get in and go to

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Speaker 1: Disney and go to the Grand Canyon.

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Speaker 2: So I'll probably say anymore. Yeah, you can leave that

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Speaker 2: to me. How ridiculous, how totally stupid, you know, I

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Speaker 2: mean talking about discouraging tourism to America, particularly around the

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Speaker 2: World Cup that's coming up and the Olympics are in

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Speaker 2: two and a half years. Anyway, my story is better,

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Speaker 2: but I just thought i'd add to my.

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Speaker 5: I think own goals, both of them. So dumb announcements, right, incredible, Yeah,

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Speaker 5: Michael Wins.

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Speaker 2: Oh, this is ridiculous. I'm out, no more economics. I

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Speaker 2: am out. You're done, Michael win on that, Adam is okay,

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Speaker 2: and it's absolute worst.

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Speaker 3: I reckon. It was actually your commentary at the end.

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Speaker 3: I think it was the belt.

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Speaker 1: It was the fact that you added in the World

380
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Speaker 1: Cup and everything well that I'd forten about.

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Speaker 4: Both announcements are very dumb.

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Speaker 5: Trump, in my opinion, has made many many dumb announcements, right.

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Speaker 2: So Adam, Adam, be careful. You may want to travel

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Speaker 2: to the US at some point in the next.

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Speaker 4: I wanted to.

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Speaker 5: But I'm really I think like many people going nice

387
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Speaker 5: stuff you, right, I just I'm not going to go

388
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Speaker 5: And I sounded gold and cranky.

389
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Speaker 2: Little bit, little bit you're judging sold and cranky you're

390
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Speaker 2: judgings are appalling in this The previous canting age was

391
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Speaker 2: like four out of ten. This one is like one

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Speaker 2: out of ten. Oh, come on, I'm out. I'm not

393
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Speaker 2: doing economics for the rest of the good.

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Speaker 1: We are so close to tucking their headphones down and

395
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Speaker 1: storming out.

396
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Speaker 3: Shall we move to our favorite story?

397
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Speaker 2: Yes?

398
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Speaker 1: Okay, and let's see if I can continue mate my streak.

399
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Speaker 4: Not repredacious approach.

400
00:21:24,760 --> 00:21:26,800
Speaker 1: I'm not hugely hopeful on this one.

401
00:21:27,080 --> 00:21:29,200
Speaker 2: But but you should have been hopeful for the last two.

402
00:21:30,200 --> 00:21:32,960
Speaker 1: Maybe maybe that's the key. Maybe that's the that is

403
00:21:33,040 --> 00:21:36,879
Speaker 1: it have no hope and and and all hope and

404
00:21:37,040 --> 00:21:37,439
Speaker 1: it will.

405
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Speaker 3: Be okay because you have to in this category.

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Speaker 1: I figure you've got to go go big or go home, right,

407
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Speaker 1: But it doesn't get much bigger than the Bible.

408
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Speaker 3: All right, So I'm going.

409
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Speaker 2: To do you want to go first?

410
00:21:48,080 --> 00:21:49,359
Speaker 3: Yeah? Please? If that's all right?

411
00:21:49,680 --> 00:21:50,879
Speaker 2: Yeah, go right ahead. You've taken it.

412
00:21:51,520 --> 00:21:53,440
Speaker 3: Oh no, Well, I was just jumping.

413
00:21:53,160 --> 00:21:56,960
Speaker 1: Straight in because this week a fellow by the name

414
00:21:57,000 --> 00:22:01,080
Speaker 1: of Mark Mattney make a name for himself, made a

415
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Speaker 1: name for himself, which I really like this, right. The

416
00:22:03,960 --> 00:22:07,600
Speaker 1: fact is that he can have essentially a humble NASA

417
00:22:07,720 --> 00:22:12,399
Speaker 1: planetary scientist, just working behind the scenes, and suddenly, boom,

418
00:22:12,600 --> 00:22:14,879
Speaker 1: he's made a name for himself by solving one of

419
00:22:15,040 --> 00:22:18,680
Speaker 1: history's greatest mysteries. He's just put this out there and

420
00:22:18,920 --> 00:22:21,800
Speaker 1: everyone now knows his name. Everyone at school's talking about him.

421
00:22:21,840 --> 00:22:24,320
Speaker 1: Everyone on the street to see what Mark Mattney did.

422
00:22:24,760 --> 00:22:30,760
Speaker 1: He Mark, He's He said that the Star of Bethlehem,

423
00:22:30,840 --> 00:22:33,560
Speaker 1: the star that the Bible says led the wise men

424
00:22:33,640 --> 00:22:38,920
Speaker 1: to the stable where Jesus was born. He figured it out,

425
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Speaker 1: he deciphered it.

426
00:22:41,040 --> 00:22:41,359
Speaker 3: He said.

427
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Speaker 1: Obviously, stars don't lead people, really, they don't move like that.

428
00:22:45,160 --> 00:22:46,480
Speaker 1: They certainly don't hover.

429
00:22:47,320 --> 00:22:48,480
Speaker 3: But but.

430
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Speaker 2: Talked to some of those navigators, I'm jealous.

431
00:22:55,280 --> 00:22:58,399
Speaker 1: They don't move to guy like Okay, right, you know what,

432
00:22:59,160 --> 00:23:01,440
Speaker 1: even as I was I was loking what the Bible says,

433
00:23:01,560 --> 00:23:04,480
Speaker 1: these nitpickers are gonna just go to town on this

434
00:23:05,320 --> 00:23:09,560
Speaker 1: Neil back off a pair of pedants right now, anyway

435
00:23:11,080 --> 00:23:16,720
Speaker 1: a comet might and Chinese records showed a comet. Maybe

436
00:23:16,760 --> 00:23:21,240
Speaker 1: these were Chinese records that were found in your Chinese theater, Adam,

437
00:23:22,840 --> 00:23:26,639
Speaker 1: a comet was observed for more than seventy days in

438
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Speaker 1: five BC, and Mattney Mark Matney, the legendary Mark Mattney.

439
00:23:30,840 --> 00:23:33,800
Speaker 1: His modeling suggests that the comet may have passed so

440
00:23:34,080 --> 00:23:37,679
Speaker 1: close to Earth that for a few hours it appeared

441
00:23:37,720 --> 00:23:41,560
Speaker 1: to pause in the sky, aligned with the Earth's rotations

442
00:23:41,800 --> 00:23:44,840
Speaker 1: and aligned with the road to Bethlehem. This is where

443
00:23:44,960 --> 00:23:48,040
Speaker 1: science and religion haven't been the best of friends in

444
00:23:48,119 --> 00:23:51,680
Speaker 1: the past. Science and religion come together and it's a

445
00:23:51,800 --> 00:24:01,359
Speaker 1: cracker of a story with enormous economic impact. Sean, you

446
00:24:01,480 --> 00:24:05,800
Speaker 1: brought up a Catholic, Adam, I was subjective.

447
00:24:05,880 --> 00:24:09,880
Speaker 2: Vias Michael, nice work, Nice work. I've sort of lost

448
00:24:10,000 --> 00:24:13,440
Speaker 2: my whole interest in this whole show. I'm down three nil,

449
00:24:14,440 --> 00:24:15,240
Speaker 2: like I should.

450
00:24:15,000 --> 00:24:16,199
Speaker 4: Be able to for us.

451
00:24:16,240 --> 00:24:19,159
Speaker 2: Sean, there was a great story though, which actually is

452
00:24:19,240 --> 00:24:21,920
Speaker 2: going to revive my well, it's not really, but I'm

453
00:24:21,920 --> 00:24:24,520
Speaker 2: going to do my best. The number of US adults

454
00:24:24,520 --> 00:24:27,440
Speaker 2: taking weight loss drugs have doubled over the past year

455
00:24:27,480 --> 00:24:30,680
Speaker 2: twelve percent, according to a gallop survey triggered a shake

456
00:24:30,800 --> 00:24:34,120
Speaker 2: up across your kind of me from a parallel restaurant's,

457
00:24:34,160 --> 00:24:36,320
Speaker 2: gyms and travel. I remember a few years back talking

458
00:24:36,320 --> 00:24:40,399
Speaker 2: to a fund manager who was investing in Nova and

459
00:24:40,480 --> 00:24:42,840
Speaker 2: nor Disc who had one of the first GLP one drugs,

460
00:24:42,880 --> 00:24:46,800
Speaker 2: the weight loss drugs, and he said, you need to

461
00:24:46,880 --> 00:24:49,480
Speaker 2: invest in these because this is actually not going to

462
00:24:49,600 --> 00:24:54,280
Speaker 2: change health, it's going to change society. Now it sort

463
00:24:54,320 --> 00:24:57,800
Speaker 2: of has. The Wall Street the Washington Post, sorry, pulled

464
00:24:57,840 --> 00:25:01,359
Speaker 2: together surveys from around the place and came up with

465
00:25:01,400 --> 00:25:04,760
Speaker 2: a bunch of reasons why weight loss or GLP one

466
00:25:04,840 --> 00:25:09,760
Speaker 2: drugs have changed society. First, the obesity rate has fallen

467
00:25:09,840 --> 00:25:14,280
Speaker 2: from forty percent to thirty seven percent. Now that's over

468
00:25:14,359 --> 00:25:17,280
Speaker 2: a three year period. That's actually a really big shift

469
00:25:17,840 --> 00:25:21,639
Speaker 2: given for decades that's been going the other way. Also,

470
00:25:22,440 --> 00:25:25,920
Speaker 2: the level of obesity has decreased. So even if the

471
00:25:26,000 --> 00:25:27,960
Speaker 2: forty to thirty seven doesn't sound that much to you,

472
00:25:28,080 --> 00:25:32,719
Speaker 2: the weight losses are real, even for obese people. GOLP

473
00:25:32,880 --> 00:25:36,720
Speaker 2: one users have reduced their spending by ten percent across groceries,

474
00:25:37,160 --> 00:25:41,280
Speaker 2: quick service restaurants, and tobacco. I remember years ago Walmart

475
00:25:41,600 --> 00:25:44,400
Speaker 2: coming out not years ago. In the last couple of years,

476
00:25:44,640 --> 00:25:47,520
Speaker 2: Walmart coming out and talking about the mix of products

477
00:25:47,560 --> 00:25:51,000
Speaker 2: that they sold has changed because of GLP one drugs.

478
00:25:51,400 --> 00:25:53,600
Speaker 2: Weight loss takers have reduced their spending on dining out

479
00:25:53,640 --> 00:25:56,879
Speaker 2: by about nine percent. Sales are up for smaller sized

480
00:25:56,960 --> 00:26:00,359
Speaker 2: clothing for men and women. So, Michael, when you go

481
00:26:00,440 --> 00:26:02,360
Speaker 2: to the US and you go to that department store,

482
00:26:02,400 --> 00:26:05,480
Speaker 2: it is amazing how many large sized clothings around. Not

483
00:26:06,119 --> 00:26:11,320
Speaker 2: so much anymore. Formal war sales searched eighty percent last year.

484
00:26:11,400 --> 00:26:15,320
Speaker 2: Sporting goods jump twenty four percent. Wearable electronic devices have searched.

485
00:26:15,640 --> 00:26:20,280
Speaker 2: Gyms are reorienting their practices towards GLP one customers. There's

486
00:26:20,320 --> 00:26:22,760
Speaker 2: just been a big improvement in body image in the US.

487
00:26:23,320 --> 00:26:28,359
Speaker 2: That's boosting travel, entertainment, the formal wear, that type of thing.

488
00:26:28,840 --> 00:26:31,399
Speaker 2: I just think it's just a cracking story that, you know,

489
00:26:31,560 --> 00:26:35,720
Speaker 2: one weight loss drug can make such a shift in

490
00:26:35,840 --> 00:26:38,240
Speaker 2: lots of other things. The other thing was kind of

491
00:26:38,280 --> 00:26:43,720
Speaker 2: interesting is what it means for investing. So what doesn't

492
00:26:43,800 --> 00:26:48,119
Speaker 2: mean for the resme for example, sleep out near device

493
00:26:48,520 --> 00:26:53,040
Speaker 2: certainly that goes alongside overweight people, What does that mean

494
00:26:53,119 --> 00:26:57,959
Speaker 2: for them? For example? What does it mean for Ai everything,

495
00:26:58,160 --> 00:27:01,520
Speaker 2: the whole lot gims It story. But you know, I

496
00:27:01,600 --> 00:27:04,280
Speaker 2: have lost enthusiasm for today's show, no doubt about it.

497
00:27:04,880 --> 00:27:15,040
Speaker 5: Great great thing is you've kept that entirely to yourself. Imperceptible. Okay, Michael,

498
00:27:15,119 --> 00:27:19,840
Speaker 5: look lovely. But all the coulds you know it might

499
00:27:19,960 --> 00:27:24,680
Speaker 5: have could have. No, So well done, Mark Matteney. But no,

500
00:27:24,840 --> 00:27:27,639
Speaker 5: you can't win this one. I think the sean do

501
00:27:27,680 --> 00:27:32,120
Speaker 5: you remember the not just GDP, but the happiness index.

502
00:27:33,000 --> 00:27:35,919
Speaker 2: There was a wonder the happiness index.

503
00:27:36,119 --> 00:27:40,439
Speaker 5: Yeah, and so you wonder if if the ozempic sized

504
00:27:40,520 --> 00:27:43,760
Speaker 5: impact on the economy. I know it's not just a zempic, right,

505
00:27:43,800 --> 00:27:47,600
Speaker 5: it's a whole class of drugs, but the impact if

506
00:27:47,640 --> 00:27:49,520
Speaker 5: you could measure it, would you see a difference? And

507
00:27:49,760 --> 00:27:53,440
Speaker 5: I just I think you would. I think it's just

508
00:27:53,520 --> 00:27:55,320
Speaker 5: such an incredibly profound impact.

509
00:27:55,359 --> 00:27:57,200
Speaker 4: It's wonderful. So well done. You win.

510
00:27:59,680 --> 00:28:04,280
Speaker 2: Cold fain comfort, cold comfort. That's it. That's the phrase.

511
00:28:04,280 --> 00:28:04,720
Speaker 2: I'm looking for.

512
00:28:05,440 --> 00:28:06,080
Speaker 3: Three one.

513
00:28:06,240 --> 00:28:07,960
Speaker 1: What was the what was the points score?

514
00:28:08,000 --> 00:28:10,159
Speaker 2: Because you know, and you could still come out Oh no,

515
00:28:11,520 --> 00:28:14,720
Speaker 2: that would be funny. Actually, oh you are so.

516
00:28:14,880 --> 00:28:17,240
Speaker 4: It was so close until the end.

517
00:28:19,160 --> 00:28:21,280
Speaker 5: Michael eighty seven points well done.

518
00:28:21,640 --> 00:28:22,399
Speaker 2: What the heck?

519
00:28:22,880 --> 00:28:24,720
Speaker 4: Sean eighty nine points?

520
00:28:28,440 --> 00:28:32,760
Speaker 2: Okay, I like the show again. I'm back he was

521
00:28:32,880 --> 00:28:33,320
Speaker 2: three one.

522
00:28:33,520 --> 00:28:34,560
Speaker 1: Did you add up quickly?

523
00:28:35,320 --> 00:28:35,520
Speaker 3: Yeah?

524
00:28:35,840 --> 00:28:36,160
Speaker 4: I did.

525
00:28:36,840 --> 00:28:40,320
Speaker 1: We have We have long talked about this so close

526
00:28:40,720 --> 00:28:42,960
Speaker 1: you know, you don't We not lose by much typically

527
00:28:43,000 --> 00:28:44,360
Speaker 1: because they're both good stories.

528
00:28:44,560 --> 00:28:49,040
Speaker 4: But Mark Mattney and his may have been comment.

529
00:28:50,800 --> 00:28:51,320
Speaker 3: Oh that.

530
00:28:53,600 --> 00:28:56,400
Speaker 1: I am sorry, I am in, I am in stunned

531
00:28:56,720 --> 00:28:59,520
Speaker 1: silence right now. We have long talked about We've been

532
00:28:59,600 --> 00:29:01,720
Speaker 1: doing this particular show for something like three and a

533
00:29:01,760 --> 00:29:05,080
Speaker 1: half years, and we have we have never seen this

534
00:29:05,200 --> 00:29:09,600
Speaker 1: happen whereby someone could win over it and then the

535
00:29:09,680 --> 00:29:11,360
Speaker 1: other person actually wins on the points.

536
00:29:12,080 --> 00:29:14,600
Speaker 4: I yeah, look, we always it makes sense.

537
00:29:15,200 --> 00:29:15,560
Speaker 2: I know it.

538
00:29:16,640 --> 00:29:20,400
Speaker 1: No, we always knew that judging was a farce and finally, finally,

539
00:29:21,800 --> 00:29:25,640
Speaker 1: at last, okay, all right, good stuff.

540
00:29:25,840 --> 00:29:28,720
Speaker 2: Thank you, Sean, Thanks Michael, Thanks Adam, Thank you.

541
00:29:28,800 --> 00:29:30,880
Speaker 4: Adam, thank you, Michael, thank you Sean.

542
00:29:31,480 --> 00:29:33,480
Speaker 1: Make sure you're following the podcast and head to Fear

543
00:29:33,560 --> 00:29:35,840
Speaker 1: and Greed dot com dot au to sign up for

544
00:29:35,920 --> 00:29:38,040
Speaker 1: our free daily newsletter. I'm Michael Thompson.

545
00:29:38,040 --> 00:29:38,960
Speaker 3: And that was Fear and Greed.

546
00:29:39,360 --> 00:29:43,160
Speaker 1: Have a great weekend. Oh my god, I cannot believe

547
00:29:43,240 --> 00:29:45,560
Speaker 1: that what did you score me for that last category?

548
00:29:45,600 --> 00:29:45,760
Speaker 2: Then,