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Speaker 1: Rio Tinto is in talks to spend up to nine

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Speaker 1: billion dollars on a major lithium minor. The sheer market

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Speaker 1: closes at a near record high, and the auction clearance

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Speaker 1: rate falls to its lowest level in almost two years.

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Speaker 1: Welcome to Fear and Greed, Daily business news for people

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Speaker 1: who make their own decisions. It is Tuesday, the eighth

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Speaker 1: of October twenty twenty four. I'm Michael Thompson, and good morning,

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Speaker 1: Sean Aylmer.

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Speaker 2: Good morning, Michael. I tell you what, half the country

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Speaker 2: had the day off yesterday, but it didn't seem that

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Speaker 2: weighs so much going on in the world of business.

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Speaker 1: There is so much to cover this morning, and the

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Speaker 1: main story this morning is a big one, isn't it.

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Speaker 1: This is and it's kind of exciting stuff. Rio Tinto

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Speaker 1: confirming that it's in talks to acquire arcadium lithium for

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Speaker 1: between four and six billion US dollars.

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Speaker 2: Is it about time we had a decent takeover to

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Speaker 2: talk about that? You reckon?

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Speaker 1: You know you are right, because it feels like there

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Speaker 1: hasn't actually been what we're talking about yesterday. The fact

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Speaker 1: there hasn't been much kind of much in the way

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Speaker 1: of IPOs and big deals and stuff to chat about

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Speaker 1: for quite a while.

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Speaker 2: And even the ones that we had BHP making a

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Speaker 2: bid for Anglo American got knocked back. You know, not

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Speaker 2: much to see. They're a bit disappointing anyway. Rio's bid

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Speaker 2: is worth between six and nine billion Aussie dollars for

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Speaker 2: the dual listed minor, which trades on Wall Street and locally.

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Speaker 2: Undoubtedly it is opportunistic. Lithium prices have tumbled and Arcadium's

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Speaker 2: share prices down more than sixty percent twenty twenty four.

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Speaker 2: Already shareholders are calling for a higher offer. Rio started

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Speaker 2: talks in London to acquire Arcadium, with an offer expected

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Speaker 2: and I quote Rio, in the near future, we might

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Speaker 2: be able to talk about put up and shut up

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Speaker 2: rules as well, Michael. They'd be exciting because you.

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Speaker 1: Know that is like I mean, I learned a lot

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Speaker 1: in this podcast, but that is one of the things

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Speaker 1: that has really really stayed with me. And that was

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Speaker 1: all because we were talking about BHP and Anglo American

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Speaker 1: and all that, and they put up and shut Up laws.

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Speaker 1: They're on the wall of the studio now, because that's right.

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Speaker 1: It is just the best name for a set of laws.

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Speaker 2: Basically, you've only got about a month if you're making

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Speaker 2: your bid, Otherwise it lapses anyway, Rio's comment about a

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Speaker 2: bid in the near future. So arcadiums share place up

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Speaker 2: forty six percent yesterday, which it puts it back to

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Speaker 2: where it was in June. Mind you, it is still

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Speaker 2: way below where it started. The Rio likes lithium, and

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Speaker 2: Arcadian's Argentinian assets are near Rio's lithium mine in that country.

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Speaker 2: Arcadian was created last year through the merger of Alcombe

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Speaker 2: and live Ent and has assets across Argentina, the US, China, Japan,

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Speaker 2: Canada and Australia. It is a big lithium player. It's

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Speaker 2: expected to supply about five percent of the globe's supply

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Speaker 2: next year.

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Speaker 1: Sean, you mentioned that it's an opportunistic bid, and that's

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Speaker 1: kind of the key here, isn't it. Because lithium prices,

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Speaker 1: as you say, have tumbled. Will it actually get over

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Speaker 1: the line?

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Speaker 2: I don't know. But when you're a big miner like

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Speaker 2: Rio needing future growth, particularly outside iron ore and preferably

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Speaker 2: in the critical mineral sector, then downtrodden withim miners are

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Speaker 2: pretty attractive. While analysts don't expect lithium prices to surge

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Speaker 2: anytime soon. It could be years before you too much

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Speaker 2: supplied not enough demand issue is sorted out. There is

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Speaker 2: confidence that ultimately it will be sorted possibly later this decade,

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Speaker 2: so buying it these prices makes sense. Most big miners

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Speaker 2: want copper. That was a big play in BHP's unsuccessful

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Speaker 2: bid for Anglo American, but that's very expensive. With shareholders

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Speaker 2: already coming out saying they want more money for Arcadium,

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Speaker 2: it seems that that company is definitely in play and

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Speaker 2: for Rio to be successful, it probably will need to

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Speaker 2: pay more. But certainly this is a bid with real legs.

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Speaker 1: Indeed, it's a great story to talk about. It is

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Speaker 1: something just exciting, isn't Absolutely It's got a lot of

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Speaker 1: components to it. Local markets, Sean, Let's take a look

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Speaker 1: what happened yesterday.

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Speaker 2: It was a strong day in the markets, notwithstanding news

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Speaker 2: up while the ACT, South Australia and Queensland were closed,

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Speaker 2: the SMPA six two hundred finished up zero point seven

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Speaker 2: percent to eighty two hundred and five points, just seven

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Speaker 2: points from the record closed set last month. Training was

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Speaker 2: thin and the banks were the big winners. National Australia

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Speaker 2: Bank in Westpac both rows two percent. Comonwealth Bank was

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Speaker 2: up one and a half percent. Big day for that

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Speaker 2: Lithium minors, no surprises there. The announcement dragged other stocks higher,

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Speaker 2: including Liontown Resources, which jumped eighteen percent, whilst they owned

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Speaker 2: a mining and Call Lithium both did well. Forest fu

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Speaker 2: Metals Group was another strong performer. Worst on the day

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Speaker 2: was West African Resources, down eighteen percent, despite affirming guidance

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Speaker 2: and reiterating that the Bikina Faso government was supportive of

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Speaker 2: its gold mining operations and that it was not aware

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Speaker 2: of any plans to withdraw permits. Just the fact that

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Speaker 2: a company comes out and says, I'm very confident that

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Speaker 2: the government we're working with, Bikina Faso is supportive of

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Speaker 2: our operations isn't a good look.

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Speaker 1: Why do you need to reassure people this is the

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Speaker 1: case suddenly? It just puts that doubt into people's minds,

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Speaker 1: doesn't it. Sean coming up after the show, and this

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Speaker 1: is really not relevant to gold mining operations or international

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Speaker 1: permits or anything. You have an interview coming up today

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Speaker 1: with Simon Kustin Maha from the Demographics Group.

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Speaker 2: Yes, it is fascinating. Anytime you talk to Simon, you

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Speaker 2: get great insights about what's going on in the world,

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Speaker 2: particularly among the population where we focus today is this

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Speaker 2: growing carehort of people, mostly male, between about fifteen, sixteen,

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Speaker 2: seventeen and mid twenties. I'm trying to think of the

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Speaker 2: term he called them neats. I think no education, no employment,

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Speaker 2: no training. So it's kind of people who aren't in

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Speaker 2: a job, who aren't learning a skill, and aren't at university.

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Speaker 2: What that means for the economy is quite remarkable, right

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Speaker 2: from economic growth through to marriage proposals and prospects of

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Speaker 2: these people getting married and stuff like that. It is

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Speaker 2: really fascinating.

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Speaker 1: Yeah, it is a great conversation, so it as well

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Speaker 1: worth sticking around for that. It's coming up after the show.

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Speaker 1: What's happening in international market?

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Speaker 2: Sean Oh and Alas back in favor, couldn't keep it down.

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Speaker 2: The mineral is trading back above one hundred and ten

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Speaker 2: US dollars a ton on speculation Beijing will make further

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Speaker 2: announcements to stimulate the Chinese economy. Now there is a

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Speaker 2: briefing scheduled for today. Beijing announced a bunch of measures,

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Speaker 2: including interest rate cuts, and targeted support for the property sector.

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Speaker 2: Over a week ago, late last month, it was now China, Michael,

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Speaker 2: if you were unaware, they've had a week long public

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Speaker 2: holiday that started last Yuesday finished yesterday. That means there

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Speaker 2: was no official announcements. I know you're getting very excited

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Speaker 2: about their whole prospect of a week long public holiday.

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Speaker 1: Goodness made. What does that do for just for general output,

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Speaker 1: for productivity, for everything. Goodness may get a lot of sleep.

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Speaker 1: That's a great bit of downtime. I guarantee you even

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Speaker 1: if we had a week long public holiday, you would

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Speaker 1: still make me turn up to the studio every single

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Speaker 1: day during that time.

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Speaker 2: Now do you know what the holiday is though.

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Speaker 1: No Golden Week.

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Speaker 2: It's called Golden Week.

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Speaker 1: Oh I think we talked about this last year.

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Speaker 2: Yeah, yeah, yeah, yeah. It kind of begins this It's

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Speaker 2: the mid autumn festival. It's kind of up to eight

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Speaker 2: days long, and about half of those you get paid leave.

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Speaker 2: I mean, this is pretty good stuff. It was started

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Speaker 2: by the Chinese government in nineteen ninety nine, and the

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Speaker 2: idea was to help expand domestic tourisms. They get people

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Speaker 2: moving around the country and hopefully give the country itself

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Speaker 2: a boost, which I thought, Yeah, we did talk about

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Speaker 2: last year's fascinating.

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Speaker 1: That's why we were talking about it. We're talking about

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Speaker 1: it because there was a lot of people moving around

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Speaker 1: the country at the time. It might have even been

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Speaker 1: the previous year as well, because it was in to

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Speaker 1: do with all of the COVID lockdowns and the fact

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Speaker 1: that it was the first big test as China started

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Speaker 1: to lift a lot of their restrictions with people moving

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Speaker 1: around the country. It was a big, big, big test

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Speaker 1: for how much the country was going to be able

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Speaker 1: to get back to normal.

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Speaker 2: Anyway, I'll keep an eye out. I'll keep an eye

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Speaker 2: ex I don't know how many people moved around, but

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Speaker 2: we're talking hundreds of millions of people taking holidays in China.

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Speaker 2: It's pretty amazing.

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Speaker 1: Yeah, anyway, it's an entirely different scale to talk about here.

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Speaker 2: Totally, totally. Just before we leave international markets, golds steady

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Speaker 2: around twenty six to fifty US dollars announce and the

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Speaker 2: Aussie dollars buying around sixty eight US cents.

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Speaker 1: Excellent. Sean will be back in a moment with the

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Speaker 1: rest of the day's business news. Sean house sales are

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Speaker 1: falling fast with successful auctions now at a near two

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Speaker 1: year low.

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Speaker 2: The combined preliminary auction clearance rate last week came in

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Speaker 2: at sixty three point nine percent across capital cities, the

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Speaker 2: lowest level since December twenty twenty two. There were nineteen

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Speaker 2: hundred auctions held. The lower numbers last week can in

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Speaker 2: part be attributed to the Labour Day long weekend in

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Speaker 2: New South past ac teams Australia. Queens of Law sade

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Speaker 2: yesterday off that was actually the King's Birthday long weekend,

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Speaker 2: not the Avery Day weekend for Queenslanders. A low preliminary

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Speaker 2: clearance rate in Sydney was the main drag sixty two

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Speaker 2: point seven percent, down from sixty six point one percent

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Speaker 2: in the previous week. Sixty four point four percent in Melbourne.

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Speaker 2: That was better than the previous week, of course, the

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Speaker 2: previous week was Grand Final week in Melbourne. Across the

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Speaker 2: smaller capitals, Bridzman came in at sixty one percent, Adelaide

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Speaker 2: was seventy percent, Cambridge just under fifty two percent. Things

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Speaker 2: get back to normal this week post long weekend and

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Speaker 2: football finals. About twenty six hundred houses going up for auction,

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Speaker 2: so we'll get a pretty good idea this time next

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Speaker 2: week about just how much of a slow down there's

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Speaker 2: been in the housing.

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Speaker 1: Market now, Shawn. The Australian government has evacuated nine hundred

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Speaker 1: and four Australian and immediate family members from Lebanon over

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Speaker 1: the past week, and Quantas says it flew a jet

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Speaker 1: to Cyprus yesterday to transport people home.

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Speaker 2: Yes So, Australian government assisted flights have been evacuating citizens,

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Speaker 2: permanent residence and immediate family members to Cyprus from Lebanon

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Speaker 2: as the war intensifies. Yesterday's Quantus flight is expected to

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Speaker 2: return back to Sydney Airport and Quantas has pledged to

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Speaker 2: fly those passengers to their nearest home domestic airport at

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Speaker 2: no cost good on Quantas. In addition to the flight

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Speaker 2: in cabin crew, there will be a dedicated team on

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Speaker 2: board to support the special assistance flight. Meanwhile, Hesbler has

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Speaker 2: praised pro Palestinian and pro Hesbla protests in Australia over

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Speaker 2: the weekend, posting pictures from the rallies on its telegram

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Speaker 2: channel with a caption from Australia to the world, stop

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Speaker 2: the Israeli aggression on Lebanon. There are also peaceful vigils

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Speaker 2: yesterday in Sydney and Melbourne from both Lebanese supporters and

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Speaker 2: Israeli supporters.

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Speaker 1: Rebel Senator Fatima Payman should hand back her seat to

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Speaker 1: Labor and contest the next selection along with the other

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Speaker 1: candidates from her new party. According to Prime Minister Anthony Albernezi, the.

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Speaker 2: Western Australian senator plans to announce her new party this week,

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Speaker 2: and the PM said she should use it as an

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Speaker 2: opportunity to test her own popularity as well and contest

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Speaker 2: the next election under her new banner. Now. Senator Payment

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Speaker 2: was elected as a Labour senator in twenty twenty two

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Speaker 2: for a six year term. She'd defected to the cross

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Speaker 2: bench in July this year, citing her disappointment with Labour's

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Speaker 2: stance towards the Arab Israeli conflict. Because she's in the

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Speaker 2: middle of her term, Senator Payment personally won't face the

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Speaker 2: voters at the next election due bi May next year. Now, Yesterday,

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Speaker 2: Senator Payment is said by creating a new party, she's

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Speaker 2: allowing the population to pass judgment on her. Also, Senator

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Speaker 2: Payment yesterday released a statement to mark the first anniversary

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Speaker 2: of the terror attacks against Israel, in which twelve hundred

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Speaker 2: people were killed. She was overtly critical of Israel. She said,

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Speaker 2: and I quote, nothing justifies the killing of civilians. Nothing

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Speaker 2: justifies this laughter of twenty thousand children. Nothing justifies apartheid,

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Speaker 2: nothing justifies occupation.

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Speaker 1: Now, Sean, a little bit of economics here for you.

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Speaker 1: Australia's trade balance, which has been in surplus almost continually

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Speaker 1: since twenty seventeen, is heading lower, with both exports and

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Speaker 1: imports down. Over the month of August, the.

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Speaker 2: Goods trade surplus was five point six billion dollars for

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Speaker 2: the month. It's been that sort of five billion dollar

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Speaker 2: range for the past few months, but it's about half

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Speaker 2: what it was at the start of the year. The

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Speaker 2: sliding surplus reflects lower commodity prices, particularly iron ore prices.

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Speaker 2: Still accounts for about twenty percent of all exports, and

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Speaker 2: eighty percent of those go to China. A trade surplus

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Speaker 2: means we're selling more stuff overseas and buying it from offshore,

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Speaker 2: so it's a positive for economic growth. However, recent signs

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Speaker 2: of a slow down in global manufacturing firms, particularly in China,

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Speaker 2: and falling international student visa approvals doesn't augur that well

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Speaker 2: for coming quarters. Sure.

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Speaker 1: I know we're twenty four hours out from the Fear

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Speaker 1: and Greed weekly newsletter now, which comes out on Wednesday morning,

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Speaker 1: tomorrow morning. Any kind of hints as to what you

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Speaker 1: are going to give us your unadulterated thoughts on, Well, I.

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Speaker 2: Am going to talk about the housing market. Yes, what's

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Speaker 2: happening there in terms of price rises and stuff like that.

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Speaker 1: Okay, You're not going to get stuck into Australia's trade balance.

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Speaker 2: Probably not. I mean it's exciting, there's no doubt.

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Speaker 1: Yeah, to what extent we want to entice people to

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Speaker 1: subscribe to the newsletter. Look, you know what, maybe we'll

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Speaker 1: make that an Ironcloud commitment. There will be no discussion

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Speaker 1: on trade balance.

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Speaker 2: Okay, all right, my promise.

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Speaker 1: Head along to Fearangreed dot com dot au and sign

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Speaker 1: up for the free weekly newsletter. There's been a surge

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Speaker 1: in people joining up in the last week Seawan ever

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Speaker 1: since you we both posted a couple of videos on

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Speaker 1: social media on LinkedIn and Everything featuring each of us

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Speaker 1: walking along talking about the newsletter. It's almost falling over

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Speaker 1: downstairs all that kind of thing. Goodness may be putting

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Speaker 1: our bodies on the line for Fear and greed. So

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Speaker 1: sign up for the newsletter and make all of that

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Speaker 1: worth it, Shawn. Financial advice not only provides investors with

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Speaker 1: guidance on money matters, it also helps improve the quality

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Speaker 1: of life for many people and increases their financial confidence

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Speaker 1: and satisfaction.

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Speaker 2: That's according to a Financial Advice Association Australia survey, which

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Speaker 2: also says that an adviser helps people feel more confident

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Speaker 2: when managing health issues. Now we're big fans of financial

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Speaker 2: advisors on this show, absolutely though. The survey is very

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Speaker 2: very positive about financial advisers, including where did it come from? Againshawan, Yeah,

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Speaker 2: The Financial Advice Association Australia. Across the board, all age

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Speaker 2: groups with advisors experienced and increased value in quality of life,

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Speaker 2: confidence and financial satisfaction over the last year. For those

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Speaker 2: without an advisor, quality of life decreased slightly. The survey

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Speaker 2: says that ninety one percent of clients earning one hundred

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Speaker 2: and twenty thousand dollars or less who had financial advisors

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Speaker 2: felt financially secure, higher than those who didn't have an advisor.

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Speaker 2: For advised clients, trust and satisfaction in their advisor had increased,

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Speaker 2: with two thirds of clients reporting their perceptions of the

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Speaker 2: value received from their advisor had improved. Over all. The

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Speaker 2: surveys suggests that financial advice protects finances, delivers peace of mind,

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Speaker 2: and support decision making. I would love one of these

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Speaker 2: surveys from a peak body to say, Yep, nap doesn't work.

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Speaker 1: We've done a bit of research, and you know what,

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Speaker 1: it's not really necessary, irrelevant. You don't need financial advice.

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Speaker 1: Goodness me, and a lot of that really is common sense.

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Speaker 2: It is. I mean, I'm sure if you have a

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Speaker 2: financial advisor, it does give you peace of mind because

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Speaker 2: you know, at least someone is looking after my money.

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Speaker 1: Yeah, yeah, yeah, it gives you a little bit of

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Speaker 1: control back and a little bit of kind of just

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Speaker 1: a sense that kind of time is not getting away

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Speaker 1: from you and the opportunity is not getting away from you.

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Speaker 1: Can you tell that I've talked to a financial advisor

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Speaker 1: in the last couple of weeks, clearly, and suddenly the

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Speaker 1: optimism and the enthusiasm is back. So I one hundred

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Speaker 1: percent agree with this survey. Now Regal Partner's bid for

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Speaker 1: Platinum Asset Management as well and truly alive, even though

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Speaker 1: it's been knocked back with Platinum allowing Regal Partners access

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Speaker 1: to its books.

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Speaker 2: Platinum wants a higher price and has granted Regal access

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Speaker 2: to do due diligence in the hopes of achieving a

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Speaker 2: better offer. The two asset managers confirmed they had entered

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Speaker 2: an initial period of non exclusive mutual due diligence with Platinum,

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Speaker 2: saying the process could allow Regal to improve the value

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Speaker 2: in terms of its proposal and allow Platinum to assess

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Speaker 2: the absolute and relative value of Regal share consideration and

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Speaker 2: the costs and benefits of any combination. Lots of words there.

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Speaker 2: What I'm trying to say is they're talking to each other.

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Speaker 2: Being their Platinum founder and major shareholder, Clon Nelson has

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Speaker 2: yet to comment on Regal's offer. A bit of a

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Speaker 2: king maker in this one. There's no pun there because

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Speaker 2: of course the person who is in charge of Regal

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Speaker 2: Partners is Philip King. Anyway, I digress the board. Basically,

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Speaker 2: the Platinum board has set its open to offers, including

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Speaker 2: from third parties.

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Speaker 1: That's such a niche pun your making.

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Speaker 2: That's very good.

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Speaker 1: Such a specific audience that is going to understand that one.

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Speaker 1: Speaking of billionaires, how about this one at Lassian Co

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Speaker 1: founder Scott Farquah and his wife Kim Jackson have sold

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Speaker 1: their unu used Point Piper waterfront mansion A Lane for

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Speaker 1: about one hundred and thirty million dollars.

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Speaker 2: Yeah, so it's the top deal of twenty twenty four

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Speaker 2: and at that price is either equal to or slightly

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Speaker 2: above the current national house price record, according to the

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Speaker 2: Finn Review. The exact price is undisclosed, but the Finn's

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Speaker 2: reporting sources saying the property exchange for about the same

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Speaker 2: amount that the couple paid for another property close by.

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Speaker 2: That's where they're living. The far By Jackson's paid seventy

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Speaker 2: one million dollars for the eighteen sixty three built a

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Speaker 2: lane in April twenty seventeen. They haven't lived in it.

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Speaker 2: It's now a dilapidated residence. So you pay seventy one

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Speaker 2: million bucks, you don't live in. Australia's overall residential record

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Speaker 2: sits at one hundred and forty million dollars paid for

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Speaker 2: a combined penthouse and sub penthouse atop then leases one

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Speaker 2: Sydney Harbor at Bringaroo, purchased off the plan in twenty nineteen.

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Speaker 2: That one no one's living there. It's still yet to settle.

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Speaker 1: So they made about sixty million dollars out of this

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Speaker 1: over that time.

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Speaker 2: Yeah, seven years, sixty million dollars.

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Speaker 1: It's not a bad little investment, was it? Selling The

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Speaker 1: Weekender hasn't even lived in run down old shack turn

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Speaker 1: into international news now Sean Donald Trump's economic plan so

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Speaker 1: forecast to raise the federal debt by roughly double the

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Speaker 1: increase expected if Karmala Harris is elected.

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Speaker 2: That's according to new analysis from the Committee for a

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Speaker 2: Responsible Federal Budget, a non partisan group in Washington and

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Speaker 2: reported in The Financial Times. Through twenty thirty five, the

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Speaker 2: federal debt is projected to swell by seven point five

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Speaker 2: trillion dollars if the former president wins the White House

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Speaker 2: and follows through with his pledge to lower taxes for

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Speaker 2: individuals and businesses, apply heavy tariffs on imported goods, and

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Speaker 2: deport millions of immigrants, amongst other proposals. Vice President KRMLA

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Speaker 2: Harris's platform features expanded tax credits for small businesses, improved

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Speaker 2: access to affordable childcare and housing, but higher corporate taxes.

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Speaker 2: It's estimated to increase the debt by about three and

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Speaker 2: a half trillion dollars over the same period. Indicate a

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Speaker 2: tight race between the two. What we're four weeks away,

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Speaker 2: four weeks today till the election day. They've both made

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Speaker 2: the economy a focal point of their campaigns.

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Speaker 1: And finally showing. The death toll in the US from

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Speaker 1: Hurricane Helene has risen to more than two hundred and

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Speaker 1: twenty five, with many more unaccounted for. As communities across

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Speaker 1: six states reel from its effects, including several hundred thousand

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Speaker 1: homes left without power and short of clean water.

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Speaker 2: Washington has deployed soldiers and military helicopters to help emergency

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Speaker 2: workers reach people stranded in remote towns. Flooding destroyed highways,

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Speaker 2: and trenchill rain unleashed mudslides on homes all over the place.

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Speaker 2: The toll was highest in North Carolina, where almost one

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Speaker 2: hundred fatalities were estimated, followed by South Carolina. The southern

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Speaker 2: states of Georgia, Florida, Tennessee, and Virginia were also badly affected.

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Speaker 2: The scientists have found that warming sea temperatures are linked

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Speaker 2: to more intense hurricanes. According to the FT, A preliminary

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Speaker 2: study from the Lawrence Berkeley National Laboratory in California found

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Speaker 2: that climate change may have boosted the amount of rainfall

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Speaker 2: over parts of Georgia and North Carolina by as much

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Speaker 2: as fifty percent as a hurricane dumped moisture collected over

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Speaker 2: the Gulf of Mexico, where record temperatures have been reached.

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Speaker 1: Okay, Up next Sean is the Fear and Greed Daily

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Speaker 1: interview with demographer Simon kusten Maher from the Demographics Group.

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Speaker 2: All about what's happening in society, but particularly this cohort

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Speaker 2: of young men in particular from for fifteen sixteen seventy

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Speaker 2: to about their mid twenties and how their lifestyles have

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Speaker 2: changed and how that's impacting everything from the marriage market

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Speaker 2: to the economy.

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Speaker 1: Yeah, it is a great chat. It is coming up

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Speaker 1: next to the Fear and Greed playlist on your podcast

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Speaker 1: platform or at Fearangreed dot com, dot a you and

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Speaker 1: keep an eye on your playlist at around about midday

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Speaker 1: today when the new episode of Ask Fear and Greed

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Speaker 1: is released. That's where we answer listener questions. I can

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Speaker 1: be on the economy, they can be on business, they

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Speaker 1: can be on look, that could be on relationships, really,

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Speaker 1: that could be on pretty much anything. And we'll have

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Speaker 1: a crack at answering it, and today's question is a

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Speaker 1: good one, but she'll have to come back at midday

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Speaker 1: to hear all about it. Thank you very much, Sean,

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Speaker 1: Thank you, Michael. It is Tuesday, the eighth of October

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Speaker 1: twenty twenty four. Make sure you're following the podcast and

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00:21:04,960 --> 00:21:09,000
Speaker 1: please join us online on LinkedIn, Instagram, x TikTok and Facebook.

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Speaker 1: I'm Michael Thompson and that was fear and greed. Have

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Speaker 1: a great day.