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Speaker 1: Welcome to Fear and Greed business news you can use today. Telstra,

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Speaker 1: West Farmers and QBE takeover is the best performing large

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Speaker 1: caps on the ASX. The Federal government gets a green

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Speaker 1: light for its Hextat and childcare bills, and the illegal

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Speaker 1: tobacco trade hurts another ASX listed victim. Plus, the launch

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Speaker 1: of Australia's first homemade rocket is delayed again, and a

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Speaker 1: shooter kills four in Midtown Manhattan in New York. It

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Speaker 1: is Wednesday, the thirtieth of July twenty twenty five. I'm

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Speaker 1: Michael Thompson and good morning Sean Ailner.

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Speaker 2: Good morning, Michael, Sean.

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Speaker 1: The main story this morning. Telstra has emerged as close

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Speaker 1: to the best performing large caps so far in twenty

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Speaker 1: twenty five, while CSL, which has been on a strong

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Speaker 1: run over the past month, is the worst of the

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Speaker 1: large caps this year.

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Speaker 2: Yes, so, while the focus has been on the banks

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Speaker 2: and the miners, there's been significant movements among the other

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Speaker 2: top twenty stocks. The most notable over the past year

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Speaker 2: end in twenty twenty five in fac the last seven

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Speaker 2: months or so is the emergence of two previously mid

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Speaker 2: sized companies. They've had met heroic rises. They're now top

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Speaker 2: twenty stocks. The first is drum roll please, Medical imaging

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Speaker 2: group pro Medicus. Its share price is up one hundred

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Speaker 2: and thirty three percent over the past year, including nearly

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Speaker 2: thirty percent in twenty twenty five. It is the best

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Speaker 2: performing large cap this year, pushing Telstra the number two.

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Speaker 2: That that does come with a caveat here at the

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Speaker 2: beginning of the year wasn't actually a top twenty stock.

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Speaker 2: It's technology that is increasingly being adopted in US health outlets,

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Speaker 2: pushing up revenue, pushing up at share price. The other

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Speaker 2: one Sigma Healthcare. It's been supercharged by its merger with

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Speaker 2: Chemist Warehouse, which wasn't listed before. But Michael, perhaps the

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Speaker 2: big surprise.

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Speaker 1: It's got to be Telstra, right, Yes, when we were

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Speaker 1: researching this and I said, did you know the top

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Speaker 1: twenty stock that's pretty much done best?

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Speaker 2: And Telstra was not one, you guessed.

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Speaker 1: No, No, I would have run through about ten others

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Speaker 1: before I said, tell her, it's kind of the sleep.

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Speaker 2: Yeah, it is the Sleepid's good news for its one

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Speaker 2: point one million shareholders. Not only I mean the country's

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Speaker 2: dominant telco has been paying its dividends out but its

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Speaker 2: share price is up twenty three percent this year twenty

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Speaker 2: seven percent of the past year, so most of the

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Speaker 2: rice has come in twenty twenty five. Investors like telstrep's

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Speaker 2: position in the fast growing mobile sector, as well as

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Speaker 2: it's overall cost control and management. A couple of other

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Speaker 2: groups to do well, particularly in twenty twenty five ensure

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Speaker 2: a qbe helped by relatively few natural disasters and higher premiums.

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Speaker 2: Years ago, it was by far and away the leading insurer.

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Speaker 2: It's had a rough time. It went through a big

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Speaker 2: acquisition phase kind of didn't get the synergies it wanted.

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Speaker 2: More recently it has come back. The other one, West Farmers,

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Speaker 2: aided by its retail assets including Bunnings and office works.

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Speaker 2: In West Farmer's case, it's disrupted the big bank dominance.

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Speaker 2: It's now larger. The name z so in order biggest

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Speaker 2: company on the bors common Wealth Bank we know that,

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Speaker 2: then BHP, then CSL National Australia Bank, Westpac, then Weres

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Speaker 2: Farmers and ian zed McQuary Group and Goodman. They're both

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Speaker 2: stocks which has been relatively flat for most of the

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Speaker 2: last two months. There ain't nine. Telstra is once again

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Speaker 2: our top ten stock and it's been quite a few

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Speaker 2: years since then, since that's happened.

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Speaker 1: You got to say that is a spectacular result for

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Speaker 1: Vicky Brady as CEO, isn't it, because she's been there

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Speaker 1: for two and a half.

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Speaker 2: Yes, I mean, I think the cost out was Andy

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Speaker 2: Penn's going initially and that pushed through until this year

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Speaker 2: and she's put in another cost out initiative. So certainly

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Speaker 2: good for Vicky Brady, but also Andy Penn.

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Speaker 1: I think both of them are giving credit where creditors due.

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Speaker 1: That's right, Michael, that's very generous of you. Another couple

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Speaker 1: of stocks that seem to have kind of run out

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Speaker 1: of PARTF I guess as the technical term wise, Tech

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Speaker 1: Global more famous now for corporate governance concerns and gaming

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Speaker 1: machine maker that's perhaps a little unfair, isn't it, And

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Speaker 1: also gaming machine maker Aristocrat Leisure.

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Speaker 2: Yeah, so there are two stocks that probably fit into

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Speaker 2: the category of people not knowing a lot about them,

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Speaker 2: particularly Aristocrat Leisure, which that makes those gaming machines out

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Speaker 2: of the US Las Vegas is home nowadays. Both stocks

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Speaker 2: from about twenty six percent over the past year, but

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Speaker 2: they're actually slightly lower for twenty twenty five, so their

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Speaker 2: run occurred late last year, whereas this year, well, Aristocrat

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Speaker 2: hasn't done much and Weistek has bounced basically dropped and

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Speaker 2: then it's come back a bit. Overall, the top twenty

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Speaker 2: stocks as measured by the ASEX twenty have underperformed small

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Speaker 2: caps and the ASEX two hundred over the past year

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Speaker 2: end in twenty twenty five. We've been waiting for a

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Speaker 2: few years for this to happen. Well is happening now?

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Speaker 1: Okay, very good time to mention today's interview. You're speaking

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Speaker 1: today with Tom Petrowski from Comsek, who has a bit

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Speaker 1: of a cult following, doesn't us, But it's a really

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Speaker 1: interesting story.

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Speaker 2: Yeah. So it's thirty years this month since comsek began

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Speaker 2: and on the first day they had four trades seventy

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Speaker 2: five dollars each done over fact, now they have forty

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Speaker 2: thousand trades a day done online. We talk about how

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Speaker 2: comsek has evolved technologically, demographically. It's a great success story.

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Speaker 2: Com Sec and SA had some very high profile people

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Speaker 2: over the years, and it's a really interesting chat with

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Speaker 2: Tom about the thirty years.

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Speaker 1: Yeah, it's worth a listener as well, kind of comparing

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Speaker 1: what were the top five stocks, then with the top

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Speaker 1: five stocks. Now it's just yeah, it's a good conversations

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Speaker 1: coming up after the show. Just to finish up on markets,

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Speaker 1: how did the local boss finish up yesterday?

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Speaker 2: Close up slightly to just a bit over eighty seven

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Speaker 2: thousand points bit of a holding pattern ahead of today's

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Speaker 2: due quarter inflation data. Interest rate sensitive stocks like the

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Speaker 2: property groups were lower, as were some of the miners

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Speaker 2: on the back of lower commodity prices. Big banks were mixed,

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Speaker 2: nab didak. Standout sector was energy, which jumped on the

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Speaker 2: back of high oil prices.

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Speaker 1: All right, moving away from markets now heading towards politics,

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Speaker 1: We're turning towards canbra Now the federal opposition will vote

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Speaker 1: for the government's childcare bill and the sixteen billion dollar

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Speaker 1: student debt discount, ensuring their passage through both the and

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Speaker 1: upper houses.

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Speaker 2: The first piece of legislation will give the government more

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Speaker 2: power to scrutinized childcare centers. The hex bill will reduce

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Speaker 2: you in debt buy on average fifty five hundred dollars.

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Speaker 2: Elsewhere in politics, Prime Minister Anthony Alberezi told caucus that

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Speaker 2: claims from Israel that there is no starvation in Gaza.

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Speaker 2: Are his words beyond comprehension amid growing international condemnation of

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Speaker 2: Israel over its restrictions on aid and the killing of

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Speaker 2: civilians queuing for assistance. Earlier in the week, Israeli Prime

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Speaker 2: Minister Benjamin Nettinyahu said, I quote, no starvation in Gaza,

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Speaker 2: no policy of starvation in Gaza. Opposition leader Susan Lee

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Speaker 2: declined to comment on Nettinnahu's comments, but said the images

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Speaker 2: from the region are incredibly distressing. Also, health mister Mark

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Speaker 2: Butler's to the Albanzi government will continue to push the

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Speaker 2: case for free trade after Donald Trump repeated his claim

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Speaker 2: that the baseline level of tariffs after the one August

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Speaker 2: deadline will be fifteen to twenty percent. Other countries to

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Speaker 2: still not have done a deal with the US include China,

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Speaker 2: Canada and Mexico, which are the three largest sovereign trading

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Speaker 2: partners of the US.

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Speaker 1: Very quickly, still on politics, Energy Minister Chris Bowlin hit

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Speaker 1: back at comments from the United Nations Climate chief that

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Speaker 1: Australia should do more to abate emissions. Chris Bowlin basically

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Speaker 1: said targets an easier set than met very true.

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Speaker 2: He disagreed with Simon Steel from the UN having said

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Speaker 2: that Labor is upping the amount of money it's giving

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Speaker 2: two renewable projects the ones that it will underwrite in

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Speaker 2: a bid to speed up the clean energy roll out.

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Speaker 2: Finding the climate change debate, we better mention what's going

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Speaker 2: on in the Liberal and National Party won't go away.

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Speaker 2: Susan Lee yesterday refused to predict an outcome of a

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Speaker 2: review Internet zero by twenty fifty, triggering speculation the Lives

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Speaker 2: and NATS might move away from the commitment.

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Speaker 1: All right, Sean, it's Wednesday, and you know what that means.

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Speaker 2: Zero by numbers.

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Speaker 1: It is it is time for business by Numbers, brought

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Speaker 1: to you by zero dot com slash au. Where we

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Speaker 1: go the top three numbers. We go through the top

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Speaker 1: three numbers to know for the week. Let's start with

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Speaker 1: the first one being forty three percent.

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Speaker 2: Yes, that is the target for lower emissions by twenty

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Speaker 2: thirty that the government has set based on two thousand

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Speaker 2: and five levels. This week we have heard climate change

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Speaker 2: more than we've heard probably for the last three or

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Speaker 2: four years. Yeah, back in a big way, Yeah, big time,

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Speaker 2: since the Morrison government back in a big way. Three

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Speaker 2: percent The.

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Speaker 1: Second number is sixteen billion dollars.

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Speaker 2: That's how much students are going to say, well, former

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Speaker 2: students are going to save by not having to pay

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Speaker 2: their hex debt because Susan Lee and Anthony Albernezi agree

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Speaker 2: that they will pass the legislation reducing hex stet.

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Speaker 1: Indeed, and finally, eighty years. This is a good one.

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Speaker 2: So eighty years is the length of time Rio tinto

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Speaker 2: it's forecast horizon for its planning in the Pilbra. It

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Speaker 2: reckons that there's plenty of iron order mine in the Pilbra.

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Speaker 2: Unlike Andrew Forrest from Fortes View, doesn't think that it's

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Speaker 2: got proposal covering more than twenty seven thousand square kilometers

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Speaker 2: that's twice the size of Greater Sydney, and it wants

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Speaker 2: to have plans around mining, around mine expansion in that

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Speaker 2: area for the next eight decades. Wow.

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Speaker 1: Okay, so that's forty three percent, sixteen billion, and eighty years.

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Speaker 1: They are the three numbers that you need to know.

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Speaker 1: This week brought to you by zero Seawan quick Break

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Speaker 1: will be back in a moment with the rest of

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Speaker 1: the day's business news. Sean the owner of Shell and

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Speaker 1: Liberty Petrol stations. Viva Energy has outlined a slide in

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Speaker 1: earnings on the back of a slump in tobacco sales.

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Speaker 2: Convenience stores Michael are still being whacked by the surge

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Speaker 2: in illegal tobacco sales. Yesterday, Liberty said revenue was down

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Speaker 2: twenty or revenue from tobacco down twenty seven percent in

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Speaker 2: the June half. That is a massive drop not helping,

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Speaker 2: according to Liberty. More restrictive packaging laws laws introduced in

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Speaker 2: April required tobacco companies to print health warnings on the

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Speaker 2: paper covering the filter of each cigarette. So that's not

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Speaker 2: just on the box now it's cigret has it. The

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Speaker 2: slump in tobacco sales compares to other sales at the

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Speaker 2: company being down two percent, so twenty seven versus two

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Speaker 2: earlier in the year. MPOL said it wanted to reduce

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Speaker 2: its exposure to tobacco, while met Cash, which is the

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Speaker 2: wholesaler behind the Ida chain of supermarkets, said cigarette sales

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Speaker 2: have more than forty percent since twenty twenty one, nearly

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Speaker 2: all of it on the back of illegal tobacco. It's

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Speaker 2: triggered a seven percent drop in Viva's share price Yesterday.

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Speaker 1: Black Coal Sean has staged a comeback to rival renewables

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Speaker 1: as the cheapest form of electricity. Amit a spike in

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Speaker 1: costs to build onshore wind, while small modular nuclear plants

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Speaker 1: remain the most expensive technology if built into Australia's energy grid.

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Speaker 2: That's according to a report from the CSIRO and the

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Speaker 2: Australian Energy Market Operator. It said that black coal costs

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Speaker 2: one hundred and eleven dollars per megawatt hour win and

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Speaker 2: solo about one hundred and sixteen dollars per megawatt hour.

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Speaker 2: The figures represent a turnaround from a year ago, when

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Speaker 2: black coal was more expensive. Now, it's not expected to

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Speaker 2: retain its top position. The costs of firm solar and

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Speaker 2: wind will fall to about seventy six dollars per mega

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Speaker 2: what hour. The report suggests black cole will also come down,

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Speaker 2: but still be much more expensive than that. The report

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Speaker 2: measures electricity technologies by comparing what they call a levelized

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Speaker 2: cost of energy. It's kind of like all costs of energy,

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Speaker 2: so operating capital costs all sorts of things over the

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Speaker 2: full life.

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Speaker 1: I've been keeping an eye on this next story.

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Speaker 2: It's very much your story.

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Speaker 1: It certainly is Gilmore Space has postponed its attempt to

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Speaker 1: launch the first fully Australian made rocket due to high winds.

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Speaker 1: After getting so very very very close to liftoff, they did.

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Speaker 2: They company fuel its rocket on the purpose built pad

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Speaker 2: in the North Queensland town of Bowen, just was unable

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Speaker 2: to lift off due to high winds. It'll reset and

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Speaker 2: try again today. Around thirty five hundred space enthusiasts tuned

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Speaker 2: in to watch the historic launch. It wasn't live stream,

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Speaker 2: but is that astronaut? Is that what it's called the site?

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Speaker 2: These are my people, Sean's are your people. It was

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Speaker 2: scheduled at two fifteen yesterday, but Chief executive Adam Gilmore

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Speaker 2: said high wins of four to five kilometers of altitude

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Speaker 2: so not four to five kilometers an hour like up

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Speaker 2: the height kept interfering with the launch plans. He said.

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Speaker 2: What he wrote was keep getting whacked by wins at

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Speaker 2: four to five kilomebas. They're just over the limit. After

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Speaker 2: an hour of his expectation, the company once again scrubbed

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Speaker 2: the mission for the day. Let's hope success tomorrow. Michael.

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Speaker 1: It feels that's an Australian made rocket, right, It feels

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Speaker 1: very Australian for the official statement to be that we

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Speaker 1: keep getting whacked by Wins. You know, they're all in

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Speaker 1: on this very very Australian approach to getting into space. Okay,

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Speaker 1: turning to international news now and a really serious story

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Speaker 1: out of New York, Sean where a gunman killed at

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Speaker 1: least four people and himself at an office tower that

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Speaker 1: houses investment group Blackstone Rudent managed the National Football League KPMG,

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Speaker 1: among others, really sparking hours of chaos and fear in

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Speaker 1: midtown Manhattan.

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Speaker 2: A police officer was among the dead in the attack

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Speaker 2: on Park Avenue, According to city officials. A Blackstone employee

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Speaker 2: also died. Several other people were injured. The suspected gunman's

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Speaker 2: body was found on the thirty third floor, which is

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Speaker 2: occupied by Rudin, a real estate firm that owns major

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Speaker 2: office buildings in the city. Now Blackstone staff has worked

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Speaker 2: just below where they were, where they pushed furniture in

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Speaker 2: front of doors to barricade themselves in during the attack.

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Speaker 2: Authorities identified the shooter as twenty seven year old Shane

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Speaker 2: Tamura from Nevada. He drove across the country before arriving

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Speaker 2: in New York on Monday. He went on his killing spreed.

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Speaker 2: The latest report suggests that it may be to do

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Speaker 2: with the National Football League the NFL and some of

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Speaker 2: its policies.

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Speaker 1: Okay, last one sean. President Donald Trump has asked a

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Speaker 1: US court to order a swift deposition of Rupert Murdoch

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Speaker 1: in his law suit against the Wall Street Journal, citing

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Speaker 1: the media moguls advanced age. Hmm A serious story, This

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Speaker 1: one savage, isn't it. Trump's sued Murdoch over an article

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Speaker 1: in the journal, which is owned by Murdoch's News Corp,

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Speaker 1: that alleged the president had written a quote body end

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Speaker 1: quote a letter to celebrate sex offender Jeffrey Epstein's birthday

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Speaker 1: in two thousand and three, according to the BBC. In

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Speaker 1: a court filing, Trump's lawyers stated that he had informed

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Speaker 1: Murdoch prior to the report being published that the letter

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Speaker 1: was a fake. Trump's lawyers argued that Murdock should be

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Speaker 1: asked to post swiftly, noting that he's ninety four years

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Speaker 1: of age and I quote is believed to have suffered

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Speaker 1: recent significant health scares and quote. The ten billion US

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Speaker 1: lawsuit against the Wall Street Journal states that the publication

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Speaker 1: was attempting to harm or at least it claims that

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Speaker 1: the publication was attempting to harm the president's reputation. Considering

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Speaker 1: Rupert Murdoch's mother made it to one hundred and three

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Speaker 1: years old, I wouldn't be writing Rupert off any.

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Speaker 2: It's definitely not okay.

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Speaker 1: Up next is the Fear and Greed Daily Interview. I

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Speaker 1: mentioned it before. Tom Petrowski from Comsek is your guest.

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Speaker 1: It is coming up in the Fear and Greed playlist

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Speaker 1: on your podcast platform or at Fearangreed dot com dot au.

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Speaker 1: Thank you very much, Sean.

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Speaker 2: Hey you, Michael.

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Speaker 1: It's Wednesday, the thirtieth of July twenty twenty five. Make

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Speaker 1: sure you're following the podcast and please join us online

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Speaker 1: on LinkedIn, Instagram, x TikTok and Facebook. Michael Thompson, and

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Speaker 1: that was Fear and Greed. Have a great day.