1 00:00:06,480 --> 00:00:09,039 Speaker 1: This is the weekend edition of Fear and Greed, daily 2 00:00:09,080 --> 00:00:11,559 Speaker 1: business news for people who make their own decisions. I'm 3 00:00:11,600 --> 00:00:14,040 Speaker 1: Michael Thompson, and good morning, Sean Aylmer. 4 00:00:14,400 --> 00:00:16,800 Speaker 2: Good morning, Michael. A bit frustrated this morning. 5 00:00:17,360 --> 00:00:17,840 Speaker 1: Why's that? 6 00:00:18,239 --> 00:00:18,439 Speaker 3: Oh? 7 00:00:18,520 --> 00:00:20,360 Speaker 2: Because you know, we get into the studio early, it's 8 00:00:20,360 --> 00:00:23,720 Speaker 2: a Saturday morning, and you and Adam carry on so 9 00:00:23,920 --> 00:00:26,599 Speaker 2: much before we actually get to start the show that 10 00:00:26,680 --> 00:00:29,440 Speaker 2: we're always late, and I'm just over it. 11 00:00:29,360 --> 00:00:30,160 Speaker 4: A bit excited. 12 00:00:30,360 --> 00:00:34,159 Speaker 1: Oh enough, I'm speechless. All I want to do is 13 00:00:34,200 --> 00:00:36,519 Speaker 1: get going, and here you are just prattling on. I 14 00:00:36,600 --> 00:00:40,720 Speaker 1: want to finish my introductory spiel here because I wanted 15 00:00:40,760 --> 00:00:44,000 Speaker 1: to just remind everyone that our weekend show is about 16 00:00:44,040 --> 00:00:45,760 Speaker 1: the two of us nominating what we think is the 17 00:00:45,800 --> 00:00:49,839 Speaker 1: biggest business story of the week, the most remarkable business story, 18 00:00:49,920 --> 00:00:53,920 Speaker 1: a sleeper business story, and our favorite business story. Like 19 00:00:53,960 --> 00:00:56,600 Speaker 1: how I really emphasized the business element of it this time, 20 00:00:57,080 --> 00:01:00,360 Speaker 1: because I've gone very business stories this time. There's none 21 00:01:00,400 --> 00:01:04,280 Speaker 1: of this it's disappointing, none of this business adjacent rubbish 22 00:01:04,319 --> 00:01:06,840 Speaker 1: that you have done in the past, Sean. Now it 23 00:01:06,920 --> 00:01:09,800 Speaker 1: is a competition, which is why the sledging began early, 24 00:01:10,080 --> 00:01:12,760 Speaker 1: right right, off the top. We need a judge to 25 00:01:12,800 --> 00:01:15,760 Speaker 1: pick a winner, and that judge is our fear and greed, colleague, 26 00:01:15,760 --> 00:01:17,840 Speaker 1: Adam Lang Adam, good morning. 27 00:01:17,920 --> 00:01:19,399 Speaker 4: Good morning, Michael, Good morning, Sean. 28 00:01:20,200 --> 00:01:23,280 Speaker 2: Morning Adam. Thanks for being so quick before the show 29 00:01:23,319 --> 00:01:27,160 Speaker 2: this morning. Thanks for not talking about the Swans last night. 30 00:01:27,240 --> 00:01:30,039 Speaker 2: Thanks for not talking about your trip to Aubrey on 31 00:01:30,040 --> 00:01:32,280 Speaker 2: the weekend. Thanks for not talking about what you wear. 32 00:01:32,360 --> 00:01:34,800 Speaker 2: Thanks for not talking about your forty year old kindle. 33 00:01:35,200 --> 00:01:36,679 Speaker 2: Thanks Adam. 34 00:01:36,680 --> 00:01:38,440 Speaker 1: I hope you may hear a note of this. I 35 00:01:38,480 --> 00:01:40,039 Speaker 1: hope you may hear a note of the fact that 36 00:01:40,200 --> 00:01:43,319 Speaker 1: Sean is being unkind. I am, what are you looking for? 37 00:01:43,480 --> 00:01:48,800 Speaker 1: Very quickly? What are you looking for in today's judging? Okay, 38 00:01:49,000 --> 00:01:50,880 Speaker 1: I mean to roll my eyes when I said judging, 39 00:01:50,920 --> 00:01:51,840 Speaker 1: then that was an accident. 40 00:01:52,320 --> 00:01:55,920 Speaker 4: We want stories that are topical and timely, obviously, have 41 00:01:56,040 --> 00:01:59,520 Speaker 4: economic impact, that play a little bit to my subjective 42 00:01:59,560 --> 00:02:03,200 Speaker 4: bias ideally, and with a good sprinkling of melodrama. 43 00:02:03,640 --> 00:02:06,880 Speaker 2: Is the one missing? Is that? So? I never really 44 00:02:06,960 --> 00:02:09,520 Speaker 2: listened to your category, but you just said it then 45 00:02:09,600 --> 00:02:11,000 Speaker 2: I thought that sounds a bit different. 46 00:02:11,040 --> 00:02:13,639 Speaker 4: Four years short I've been saying. 47 00:02:13,400 --> 00:02:18,400 Speaker 2: This anyway, talking about time. Let's get into it. 48 00:02:18,720 --> 00:02:21,600 Speaker 1: Fella's biggest story of the week, Sean, what is it? 49 00:02:22,120 --> 00:02:24,520 Speaker 2: Given off? Sworn off? Economics is the bigest story for 50 00:02:24,520 --> 00:02:27,040 Speaker 2: the rest of the year. In an effort to help 51 00:02:27,080 --> 00:02:31,280 Speaker 2: a clearly dispirited and dare I say sometimes it napped 52 00:02:31,800 --> 00:02:37,120 Speaker 2: Michael Jesus, I'm not doing the labor force figures. Not 53 00:02:37,200 --> 00:02:41,400 Speaker 2: that it really matters because all that unemployment stuff wasn't 54 00:02:41,440 --> 00:02:43,839 Speaker 2: the biggest story of the week. 55 00:02:45,960 --> 00:02:49,160 Speaker 1: A stitch up coming on here, Well, it wasn't. 56 00:02:49,240 --> 00:02:55,680 Speaker 2: Nothing happened, nothing changed, Get on with it. Ask any 57 00:02:55,720 --> 00:02:59,920 Speaker 2: investor what the biggest story of the year is the year, 58 00:03:00,840 --> 00:03:04,680 Speaker 2: and they'll say interest rates, especially what's happening in the US. 59 00:03:04,760 --> 00:03:08,840 Speaker 2: And this week we had back in your box. This 60 00:03:08,919 --> 00:03:13,680 Speaker 2: week we had the Federal Reserve take the plunge, jump 61 00:03:13,720 --> 00:03:15,639 Speaker 2: over the edge, tip the toe to the water, whatever 62 00:03:15,680 --> 00:03:18,840 Speaker 2: the saying is, and cut the official benchmark rate by 63 00:03:18,919 --> 00:03:23,880 Speaker 2: fifty basis points. Massive markets story, first time in four years, 64 00:03:23,880 --> 00:03:26,960 Speaker 2: al a Lujah. Rates are on the way down. The 65 00:03:27,040 --> 00:03:31,200 Speaker 2: build up and the eventual decision had huge ramifications for 66 00:03:31,360 --> 00:03:33,920 Speaker 2: markets around the world. That let's look local. The s 67 00:03:33,960 --> 00:03:37,760 Speaker 2: and PA six two hundred hit a record four days 68 00:03:37,800 --> 00:03:39,120 Speaker 2: in a row where did that last happen? 69 00:03:39,200 --> 00:03:39,320 Speaker 4: Ih? 70 00:03:39,440 --> 00:03:42,920 Speaker 2: Huh never welack, I've got no idea what that. It's 71 00:03:42,920 --> 00:03:46,960 Speaker 2: ever happened before, but not for a long long time. 72 00:03:47,840 --> 00:03:50,600 Speaker 2: The AUSSI dialog back above sixty eight US cents just 73 00:03:50,640 --> 00:03:54,240 Speaker 2: when I've decided not to travel to the US. There 74 00:03:54,240 --> 00:03:56,040 Speaker 2: you go. It's been a couple of years since the 75 00:03:56,080 --> 00:03:58,800 Speaker 2: currency stayed above the sixty eight cent level for a period. 76 00:03:59,240 --> 00:04:02,839 Speaker 2: Gold prize as well, isn't it shining? Touched twenty six 77 00:04:02,920 --> 00:04:05,120 Speaker 2: hundred US dollars an ounce. Golds a store of value 78 00:04:05,480 --> 00:04:08,840 Speaker 2: and a good asset to have in rough times. So 79 00:04:09,000 --> 00:04:11,320 Speaker 2: holding gold and a falling interest rate environment might be 80 00:04:11,320 --> 00:04:13,520 Speaker 2: a good idea because maybe the economy is going to 81 00:04:13,560 --> 00:04:17,400 Speaker 2: the clappers, or it's good to hold when rates are 82 00:04:17,440 --> 00:04:20,240 Speaker 2: just falling anyway, So people love gold at the moment. 83 00:04:20,480 --> 00:04:23,839 Speaker 2: Investors are recalibrating because interest rates in the US are falling, 84 00:04:24,480 --> 00:04:28,560 Speaker 2: even if they aren't doing much locally easily. The biggest, 85 00:04:28,839 --> 00:04:33,159 Speaker 2: most influential, most topical, most timely, most subjective, bias, most 86 00:04:33,200 --> 00:04:37,400 Speaker 2: melodramatic story, most economic impact story of the week. 87 00:04:37,720 --> 00:04:48,279 Speaker 3: Michael, interest rates, interest rates, It's Michael, your story, please. 88 00:04:51,360 --> 00:04:57,720 Speaker 1: Economics. You said you okay, you know what. You know 89 00:04:57,760 --> 00:04:58,120 Speaker 1: what what? 90 00:04:58,360 --> 00:04:59,520 Speaker 2: Michael, you know what what? 91 00:05:00,600 --> 00:05:04,039 Speaker 1: I am going to start this show today the way 92 00:05:04,080 --> 00:05:07,560 Speaker 1: I usually end it. Oh, say goodbye now with a 93 00:05:07,640 --> 00:05:11,559 Speaker 1: dummy spit, with a dummy spit. Okay, I was going 94 00:05:11,640 --> 00:05:15,200 Speaker 1: to talk about the FED cutting rates today, and I 95 00:05:15,400 --> 00:05:20,880 Speaker 1: thought I thought I was going to have exceptionally clear 96 00:05:20,960 --> 00:05:24,240 Speaker 1: air to do it. I thought I had. I thought 97 00:05:24,279 --> 00:05:28,080 Speaker 1: I was freeing Sean sell you the dummy considering. Sean 98 00:05:28,160 --> 00:05:30,839 Speaker 1: said he would never do economics again, not for the 99 00:05:30,839 --> 00:05:31,600 Speaker 1: rest of the year. 100 00:05:31,920 --> 00:05:34,200 Speaker 2: I did markets. I did markets. 101 00:05:34,480 --> 00:05:37,840 Speaker 1: You said you would never do economics again, which was 102 00:05:37,880 --> 00:05:41,080 Speaker 1: another dummy spit, actually a few weeks ago one from you. Right, 103 00:05:41,160 --> 00:05:44,040 Speaker 1: So there's a cop There is a running theme here 104 00:05:44,120 --> 00:05:48,159 Speaker 1: of dummy spits. So am I surprised to hear Sean 105 00:05:48,279 --> 00:05:52,320 Speaker 1: doing an economics story again? Of course I am, because 106 00:05:52,320 --> 00:05:54,120 Speaker 1: he said you weren't going to. But also I'm not 107 00:05:54,240 --> 00:05:57,159 Speaker 1: surprised because you love to win and you will do 108 00:05:57,279 --> 00:06:03,200 Speaker 1: things like this, dodgy things me with one option jobless figures. 109 00:06:04,320 --> 00:06:06,760 Speaker 1: Here we go, labor force numbers. 110 00:06:07,000 --> 00:06:07,960 Speaker 2: So can you do that again? 111 00:06:08,040 --> 00:06:11,360 Speaker 4: But you're not exactly selling it in, Michael. 112 00:06:12,279 --> 00:06:16,480 Speaker 1: I'm not selling it in because what we're dealing with here, gentlemen, 113 00:06:17,040 --> 00:06:21,120 Speaker 1: is a fuss. Labor force numbers that showed forty seven 114 00:06:21,120 --> 00:06:23,560 Speaker 1: and a half thousand jobs were created last month. That's 115 00:06:23,640 --> 00:06:27,960 Speaker 1: higher than expected. Big whoop. After all, the unemployment rate 116 00:06:28,040 --> 00:06:30,440 Speaker 1: stayed exactly the same four point two percent. A lot 117 00:06:30,440 --> 00:06:33,280 Speaker 1: of those jobs were part time. I could try, Adam, 118 00:06:33,480 --> 00:06:35,640 Speaker 1: right now. I could try to tell. 119 00:06:35,440 --> 00:06:38,159 Speaker 2: You my ease are burning, that the voice is so 120 00:06:38,360 --> 00:06:39,720 Speaker 2: loud at the moment, Adam. 121 00:06:39,640 --> 00:06:42,880 Speaker 1: I could try to tell you that this is the 122 00:06:42,880 --> 00:06:49,240 Speaker 1: biggest story of the week, but it's not. Let's just 123 00:06:49,320 --> 00:06:52,080 Speaker 1: be honest here, because the Reserve Bank is going to 124 00:06:52,160 --> 00:06:54,760 Speaker 1: look at this unemployment number and say, oh, well, the 125 00:06:54,800 --> 00:06:57,680 Speaker 1: economy is still creating jobs. It's not exactly tanking or anything. 126 00:06:57,720 --> 00:06:59,919 Speaker 1: We don't need an emergency rate cut. Better leave rates on. 127 00:07:00,640 --> 00:07:03,400 Speaker 1: It is clear to me. It is clear to me 128 00:07:03,480 --> 00:07:07,200 Speaker 1: as an entirely objective observer, mind you, that the biggest 129 00:07:07,480 --> 00:07:11,680 Speaker 1: story from a business news perspective this week is the 130 00:07:11,760 --> 00:07:15,520 Speaker 1: FED cutting rates, which I was going to do because 131 00:07:15,520 --> 00:07:18,200 Speaker 1: Shawndon said he was never going to do economics again. Therefore, 132 00:07:18,880 --> 00:07:24,920 Speaker 1: therefore I demand that Sean Almo be disqualified and his 133 00:07:25,080 --> 00:07:29,000 Speaker 1: points are warded to me. And if not, I think 134 00:07:29,040 --> 00:07:31,080 Speaker 1: it's only fair that I get half of his points 135 00:07:31,400 --> 00:07:34,080 Speaker 1: because of this little swifty that he has pulled on 136 00:07:34,200 --> 00:07:37,200 Speaker 1: me today. I believe in you, Adam, and I know 137 00:07:37,360 --> 00:07:39,920 Speaker 1: that you have the ability and the capacity and the 138 00:07:39,960 --> 00:07:42,200 Speaker 1: willingness to do what is right. 139 00:07:42,720 --> 00:07:45,080 Speaker 4: Do you know what it sounds like, Michael, A. 140 00:07:45,080 --> 00:07:45,920 Speaker 1: Dummy spit. 141 00:07:47,240 --> 00:07:48,160 Speaker 4: A capitulation? 142 00:07:48,960 --> 00:07:50,200 Speaker 1: It absolutely is. 143 00:07:50,440 --> 00:07:53,920 Speaker 2: So, Adam, Adam, Adam, I've got an idea though, Adam. 144 00:07:54,040 --> 00:07:58,679 Speaker 2: Oh okay, yep, I out of the generosity of my heart, 145 00:08:00,240 --> 00:08:04,000 Speaker 2: I win, but I'm going to donate my point. 146 00:08:04,560 --> 00:08:06,760 Speaker 1: I don't want your I don't want to do it. 147 00:08:07,280 --> 00:08:11,600 Speaker 2: I want it, going to donate it. So, notwithstanding I won, 148 00:08:11,920 --> 00:08:17,080 Speaker 2: Michael is one nill. Yes, yes, yes, because honestly, in 149 00:08:17,160 --> 00:08:20,800 Speaker 2: terms of Mellod, in terms of Melo drama, and just 150 00:08:20,880 --> 00:08:22,840 Speaker 2: the pure effort of coming out and saying no, my 151 00:08:22,920 --> 00:08:26,840 Speaker 2: story is crap, surely he deserves something for that. So 152 00:08:26,920 --> 00:08:28,400 Speaker 2: I'm well, doesn't. 153 00:08:28,360 --> 00:08:30,240 Speaker 4: He did give it all? Didn't he? 154 00:08:30,240 --> 00:08:32,640 Speaker 2: He did? Sending in the points mark him downright? So 155 00:08:32,679 --> 00:08:34,120 Speaker 2: when it comes to the points, I don't, I don't 156 00:08:34,120 --> 00:08:38,720 Speaker 2: want anyat but one to Michael Neil to me. I'm 157 00:08:38,720 --> 00:08:41,640 Speaker 2: still very confident shall we say that I. 158 00:08:41,600 --> 00:08:45,560 Speaker 1: Don't want your pity point too late, Michael, you haven't no, no, no, 159 00:08:45,640 --> 00:08:48,559 Speaker 1: I want the point. I don't want it awarded through pity, Adam. 160 00:08:48,600 --> 00:08:50,719 Speaker 1: I want you to strip it from him most violently, 161 00:08:50,960 --> 00:08:53,320 Speaker 1: and I want you to give it to me. I 162 00:08:53,400 --> 00:08:56,480 Speaker 1: deserve it. Okay, Okay, good, it's one nil. 163 00:08:56,600 --> 00:08:59,240 Speaker 4: But in an oh and s safe kind of way, 164 00:08:59,520 --> 00:08:59,720 Speaker 4: you know. 165 00:09:00,840 --> 00:09:05,120 Speaker 1: Okay, all right, Well, this is a I feel like 166 00:09:05,200 --> 00:09:06,560 Speaker 1: I've used up all my melodrama. 167 00:09:07,280 --> 00:09:07,920 Speaker 4: I doubt it. 168 00:09:08,520 --> 00:09:09,200 Speaker 2: You're sweating. 169 00:09:09,880 --> 00:09:11,240 Speaker 1: I am a little bit better. 170 00:09:11,559 --> 00:09:16,199 Speaker 2: Just this robe, oh, Michael, not in the studio place. 171 00:09:17,320 --> 00:09:20,520 Speaker 2: The T shirt you've got underneath it, That's what's disturbing. 172 00:09:21,840 --> 00:09:24,120 Speaker 2: I thought those ken done T shirts went out of 173 00:09:24,200 --> 00:09:25,040 Speaker 2: fashion years ago. 174 00:09:26,920 --> 00:09:29,120 Speaker 4: Can you two genuine nineteen eighties? 175 00:09:29,160 --> 00:09:30,040 Speaker 2: Where Fido? 176 00:09:31,200 --> 00:09:31,400 Speaker 1: Is it? 177 00:09:31,480 --> 00:09:32,920 Speaker 4: Hypercolor? Michael? 178 00:09:33,480 --> 00:09:36,400 Speaker 1: This is a business show. Can we please talk about 179 00:09:36,400 --> 00:09:37,240 Speaker 1: some business news? 180 00:09:38,480 --> 00:09:40,520 Speaker 2: Your most remarkable story? Michael tell me that. 181 00:09:40,720 --> 00:09:44,360 Speaker 1: I think it is remarkable, right, the way that the 182 00:09:44,400 --> 00:09:49,319 Speaker 1: federal government has managed to pick fights with pretty much everyone. Right, 183 00:09:49,480 --> 00:09:53,120 Speaker 1: it is right right. It is at war with the 184 00:09:53,240 --> 00:09:56,400 Speaker 1: unions at the moment over the forced administration of the CFMEU, 185 00:09:56,480 --> 00:09:59,600 Speaker 1: and it's battling the business community over industrial relations reform 186 00:09:59,640 --> 00:10:01,800 Speaker 1: and a bunch other stuff. And both of these fights, 187 00:10:01,840 --> 00:10:05,679 Speaker 1: mind you, both of these fights came to a head 188 00:10:06,440 --> 00:10:09,280 Speaker 1: this week. Right, So they've been bubbling along for ages, 189 00:10:10,200 --> 00:10:14,440 Speaker 1: many many many weeks, many weeks, but this week they 190 00:10:14,559 --> 00:10:17,440 Speaker 1: came to a head, both of them. Okay, put that 191 00:10:17,480 --> 00:10:20,400 Speaker 1: in the timeliness and the topicality column, which should be 192 00:10:20,440 --> 00:10:25,560 Speaker 1: one column. Let's start with the CFMAU. Sixty thousand construction 193 00:10:25,679 --> 00:10:29,920 Speaker 1: workers in an unauthorized rally, and a very very very 194 00:10:29,920 --> 00:10:32,880 Speaker 1: colorful one at that, despite preliminary findings earlier in the 195 00:10:32,920 --> 00:10:35,800 Speaker 1: week by former counsel for the Independent Commission against Corruption 196 00:10:35,880 --> 00:10:40,960 Speaker 1: Jeffrey Watson sc that biki's and organized crime figures had 197 00:10:41,679 --> 00:10:46,760 Speaker 1: had infiltrated the union. The blame was going to the 198 00:10:46,800 --> 00:10:50,160 Speaker 1: government who put the CFMAU into administration. The blame is 199 00:10:50,160 --> 00:10:52,760 Speaker 1: going to the media who investigated the alleged crime and 200 00:10:52,760 --> 00:10:55,880 Speaker 1: corruption at the union. Basically to anyone but those who 201 00:10:55,880 --> 00:10:59,079 Speaker 1: had actually allegedly done the wrong thing. And the language, 202 00:10:59,280 --> 00:11:01,040 Speaker 1: the language. 203 00:11:00,679 --> 00:11:03,119 Speaker 2: The union was used, still bedding. 204 00:11:03,200 --> 00:11:06,359 Speaker 1: No, the language they were using at this rally. Goodness, 205 00:11:06,840 --> 00:11:10,600 Speaker 1: this is a raw this is a family show. So 206 00:11:10,679 --> 00:11:14,480 Speaker 1: I cannot possibly repeat it. Can you imagine, though, if 207 00:11:14,480 --> 00:11:17,720 Speaker 1: this is a family show, what those families would have 208 00:11:17,800 --> 00:11:22,320 Speaker 1: made of Sean's disgraceful behavior in the first story, kind 209 00:11:22,320 --> 00:11:24,200 Speaker 1: of cheating on the economy. 210 00:11:24,280 --> 00:11:26,840 Speaker 2: Now I'm trying to remember who was it, someone quite 211 00:11:26,920 --> 00:11:31,000 Speaker 2: high profile that said he listens to us in the 212 00:11:31,080 --> 00:11:32,040 Speaker 2: car with his kids. 213 00:11:32,040 --> 00:11:34,079 Speaker 1: Well, there's a couple of different people. There are actually 214 00:11:34,440 --> 00:11:38,360 Speaker 1: a number of There was one brown black, well, someone related. 215 00:11:38,040 --> 00:11:40,800 Speaker 2: To your story, Michael, that's where we're going, Yes. 216 00:11:40,360 --> 00:11:44,440 Speaker 1: Yes, yes, well, yes, there's a couple of different people. 217 00:11:45,000 --> 00:11:47,480 Speaker 1: One who listens with his family in the car on 218 00:11:47,559 --> 00:11:48,120 Speaker 1: the weekend. 219 00:11:48,280 --> 00:11:50,800 Speaker 2: Poor kids, that's unfair on the children. Go on. 220 00:11:51,000 --> 00:11:53,680 Speaker 1: And then there is another listener who does occasionally listen 221 00:11:53,679 --> 00:11:55,439 Speaker 1: to us, and I hope he's listening to us right 222 00:11:55,440 --> 00:11:59,160 Speaker 1: now because I want to talk as well about the 223 00:11:59,640 --> 00:12:02,240 Speaker 1: business community, because obviously the union movement isn't happy with 224 00:12:02,320 --> 00:12:03,360 Speaker 1: federal government at the moment. 225 00:12:03,440 --> 00:12:04,800 Speaker 2: Then then then. 226 00:12:04,760 --> 00:12:08,520 Speaker 1: Who were the business community. We had Prime Minister Anthony 227 00:12:08,520 --> 00:12:12,240 Speaker 1: Abernezi fronting a Business Council of Australia dinner this week 228 00:12:13,440 --> 00:12:18,239 Speaker 1: and special shout out to Bran Black, the Chief Executive 229 00:12:18,480 --> 00:12:21,040 Speaker 1: of the Business Council, who is an occasional. 230 00:12:20,559 --> 00:12:22,600 Speaker 2: Listener, and and his children and. 231 00:12:22,559 --> 00:12:25,280 Speaker 1: His children if they are listening as well. There is 232 00:12:25,320 --> 00:12:28,080 Speaker 1: a lot of buzz at the moment within the business community, 233 00:12:28,080 --> 00:12:31,320 Speaker 1: and I hear it. I hear it because while I 234 00:12:31,320 --> 00:12:34,040 Speaker 1: am the man of the people, I'm also tapped into 235 00:12:34,080 --> 00:12:36,080 Speaker 1: the big end of town, you know. And what I'm 236 00:12:36,480 --> 00:12:41,120 Speaker 1: and what I'm what I'm hearing is the business isn't 237 00:12:41,200 --> 00:12:47,880 Speaker 1: happy with the government. I can't say this straight. It's 238 00:12:47,960 --> 00:12:52,199 Speaker 1: over industrial relations reform primarily. But the Prime Minister is 239 00:12:52,280 --> 00:12:55,080 Speaker 1: quite insistent that everything's okay. He says the five areas 240 00:12:55,080 --> 00:12:57,720 Speaker 1: that the Business Council site is needing attention, kind of housing, 241 00:12:57,800 --> 00:12:59,920 Speaker 1: cost of living, the care economy, net zero and skin 242 00:13:00,640 --> 00:13:03,120 Speaker 1: they're all being addressed by the government. So well, I 243 00:13:03,120 --> 00:13:06,959 Speaker 1: guess that's okay then, brand nothing to worry about, that 244 00:13:07,080 --> 00:13:09,880 Speaker 1: everything is under control. Nothing to see here, I tell 245 00:13:09,920 --> 00:13:16,000 Speaker 1: you what. I tell you what. It is absolutely remarkable 246 00:13:16,559 --> 00:13:19,360 Speaker 1: that the government is in this position, just a handful 247 00:13:19,360 --> 00:13:23,240 Speaker 1: of months out from a likely election, fighting with traditional allies, 248 00:13:23,280 --> 00:13:27,000 Speaker 1: the union movement, fighting with traditional enemies big business. In fact, 249 00:13:27,040 --> 00:13:30,240 Speaker 1: the only thing that labor isn't doing right now, which 250 00:13:30,320 --> 00:13:35,920 Speaker 1: is quite remarkable, is fighting with itself, which in itself 251 00:13:36,080 --> 00:13:39,400 Speaker 1: is quite an extraordinary event. That is remarkable. 252 00:13:39,600 --> 00:13:44,599 Speaker 2: Well yeah, but remember yesterday, Like I don't want to 253 00:13:44,600 --> 00:13:47,480 Speaker 2: add to your story in any way, shape or form, 254 00:13:47,920 --> 00:13:51,320 Speaker 2: but yesterday there's all that who ha dare I say 255 00:13:51,400 --> 00:13:55,440 Speaker 2: about the Productivity Commission report in some of the back benches. 256 00:13:55,440 --> 00:13:59,480 Speaker 2: I think it was the Victorian Labor MP Michelle and 257 00:13:59,559 --> 00:14:03,200 Speaker 2: Nanda Arja who's talking about spending another five billion deer 258 00:14:03,480 --> 00:14:05,920 Speaker 2: on subsidies was propping up a failed system. So not 259 00:14:05,960 --> 00:14:08,920 Speaker 2: that I want to add to your story, Michael, but 260 00:14:09,040 --> 00:14:10,560 Speaker 2: they're fighting within themselves as well. 261 00:14:10,679 --> 00:14:13,760 Speaker 1: I welcome your contribution, Sean, and I'm not sharing my 262 00:14:13,840 --> 00:14:17,880 Speaker 1: points Adam. No. Actually for an inviting Adams, I get 263 00:14:17,880 --> 00:14:20,840 Speaker 1: a chance. You don't get a chance. I just need 264 00:14:20,880 --> 00:14:21,840 Speaker 1: to win, Sean. 265 00:14:21,880 --> 00:14:24,840 Speaker 2: What have you got? Look, Miami, comment on that. Michael. 266 00:14:24,840 --> 00:14:27,520 Speaker 2: I'm in good effort, You're doing your best, You're trying hard. 267 00:14:27,760 --> 00:14:30,840 Speaker 2: But that government's fight with everyone all the time. That's 268 00:14:30,920 --> 00:14:34,840 Speaker 2: what their job is, don't they know? What's really remarkable. 269 00:14:35,320 --> 00:14:41,680 Speaker 2: What's really remarkable is the fact that domestic economy airfairs 270 00:14:41,680 --> 00:14:45,240 Speaker 2: have jumped twelve percent since the demise of Rex. That's 271 00:14:45,280 --> 00:14:47,480 Speaker 2: just a couple of months. That's according to the Bureau 272 00:14:47,760 --> 00:14:51,800 Speaker 2: of Infrastructure, Transport and Regional Economics. Annualize that right, you 273 00:14:51,840 --> 00:14:55,800 Speaker 2: get an inflation rate for airfairs of forty eight percent. 274 00:14:56,320 --> 00:14:58,360 Speaker 2: In fact, it's fifty percent. If you take the decimal 275 00:14:58,400 --> 00:15:03,520 Speaker 2: point in fifty percent an your rate rise inflation. Come on, 276 00:15:03,680 --> 00:15:07,880 Speaker 2: airfare people out there, you need to do better to 277 00:15:07,960 --> 00:15:12,320 Speaker 2: add salt to the working people. Yes, yes, there are 278 00:15:12,360 --> 00:15:13,880 Speaker 2: a bunch of airfair people out there, Michael. 279 00:15:14,440 --> 00:15:17,320 Speaker 1: Is that the people within the airlines that set the prices. 280 00:15:17,800 --> 00:15:20,280 Speaker 2: Yes, they sort of strategy people. 281 00:15:20,760 --> 00:15:28,480 Speaker 1: Pricing, yield management, go on. 282 00:15:31,920 --> 00:15:35,600 Speaker 2: This is totally unrelated. My all time favorite Simpson's line 283 00:15:36,320 --> 00:15:40,000 Speaker 2: is when Marge is going to jail and Home is 284 00:15:40,040 --> 00:15:42,880 Speaker 2: talking to her and says, Marge, I'm really going to 285 00:15:42,920 --> 00:15:45,720 Speaker 2: miss you. And it's not just the sex, it's the 286 00:15:45,720 --> 00:15:50,800 Speaker 2: food preparation as well. I don't know why they came 287 00:15:50,880 --> 00:15:53,080 Speaker 2: up in my mind. Just said I think when you went. 288 00:15:55,280 --> 00:15:58,400 Speaker 1: This is a family show, think of brand children. 289 00:16:00,680 --> 00:16:04,240 Speaker 2: Anyway, to assault to the wound, quantities increase the cost 290 00:16:04,280 --> 00:16:07,440 Speaker 2: of changing a ticket by twenty percent. Now, the Bureau 291 00:16:07,480 --> 00:16:10,400 Speaker 2: says that the cheapest airfares are up twelve and a 292 00:16:10,440 --> 00:16:13,640 Speaker 2: half per cent since July. Full priced tickets are up 293 00:16:13,680 --> 00:16:17,920 Speaker 2: twelve point three percent. Business class airfares are relatively stable 294 00:16:18,000 --> 00:16:20,760 Speaker 2: over the last quarter, but they're twelve percent higher than 295 00:16:20,760 --> 00:16:24,520 Speaker 2: a year ago. This is ridiculous. I mean, this is competition. 296 00:16:24,640 --> 00:16:29,640 Speaker 2: This demonstrates how competition works in the market. In fact, 297 00:16:30,120 --> 00:16:34,840 Speaker 2: it's a remarkable example of what happens when competition leaves 298 00:16:35,360 --> 00:16:37,960 Speaker 2: the market. Because remember we also had bonds of file. 299 00:16:38,240 --> 00:16:40,520 Speaker 2: Now Rex is still flying, but not on that high 300 00:16:40,520 --> 00:16:44,880 Speaker 2: demand Brisbane, Sydney, Melbourne roots. It's absolutely outrageous. An annual 301 00:16:44,880 --> 00:16:47,440 Speaker 2: licen inflation ar eight of fifty percent. Now, having said 302 00:16:47,480 --> 00:16:50,720 Speaker 2: all that, not to diminish my story in any way, 303 00:16:51,480 --> 00:16:53,720 Speaker 2: airfares are now ninety three point six percent of the 304 00:16:53,760 --> 00:16:57,880 Speaker 2: long term average, meaning that they're actually still below average, 305 00:16:58,040 --> 00:17:02,200 Speaker 2: but it doesn't diminish from the incredible rise since competition 306 00:17:02,560 --> 00:17:08,080 Speaker 2: left the market. Truly remarkable. Adam a sensible story. Concise 307 00:17:09,240 --> 00:17:11,480 Speaker 2: not interesting. 308 00:17:11,880 --> 00:17:18,399 Speaker 4: Barely so both are remarkable, particularly in Canberra. The Business 309 00:17:18,400 --> 00:17:21,360 Speaker 4: Council of Australia dinner with a bit of an arena 310 00:17:22,200 --> 00:17:26,240 Speaker 4: for the spectacle of conflicts between business and the labor 311 00:17:26,280 --> 00:17:30,960 Speaker 4: government and the fact that the CFMU had sixty thousand 312 00:17:31,640 --> 00:17:33,240 Speaker 4: demonstrating again this week. 313 00:17:33,520 --> 00:17:34,320 Speaker 1: It's incredible. 314 00:17:34,359 --> 00:17:37,040 Speaker 2: Do you reckon that the language they use actually helps 315 00:17:37,200 --> 00:17:37,800 Speaker 2: their cause? 316 00:17:38,040 --> 00:17:42,960 Speaker 4: No, I think it just reinforces bad images of the CFMEU, 317 00:17:43,480 --> 00:17:47,680 Speaker 4: the threatening behavior and personalization of things, rather than dealing 318 00:17:47,680 --> 00:17:50,760 Speaker 4: with issues. I really think it's deconstructive. 319 00:17:50,160 --> 00:17:53,359 Speaker 2: Which is a nice pun for the building industry, thank you. 320 00:17:55,960 --> 00:18:03,240 Speaker 4: The domestic airfares that obviously impacts lots and lots of people, 321 00:18:03,359 --> 00:18:06,320 Speaker 4: as does construction and other things. But I think the 322 00:18:06,359 --> 00:18:10,480 Speaker 4: fresh news this week, in its remarkability, was that very 323 00:18:10,560 --> 00:18:15,240 Speaker 4: quick increase in pricing post Rex's closure those that triangle 324 00:18:15,240 --> 00:18:19,600 Speaker 4: between Sydney, Melbourne, Brisbane and so. That is incredibly fast 325 00:18:19,800 --> 00:18:22,680 Speaker 4: and just shows you what supply can do to dynamic 326 00:18:22,760 --> 00:18:27,479 Speaker 4: pricing and how it disaffects our price of travel. So 327 00:18:27,560 --> 00:18:29,679 Speaker 4: I think that actually has to win for a remarkable 328 00:18:29,720 --> 00:18:30,280 Speaker 4: story of the week. 329 00:18:30,400 --> 00:18:36,040 Speaker 2: Sorry, oh this is beautiful, Adam as a. 330 00:18:35,960 --> 00:18:39,240 Speaker 4: Former yield manager, maybe slightly. 331 00:18:38,880 --> 00:18:44,120 Speaker 1: Biased, nonsense, This is bs ah, So what are we won? 332 00:18:44,200 --> 00:18:45,160 Speaker 4: All? One all? 333 00:18:45,560 --> 00:18:50,159 Speaker 1: Halftime one all? And my first point was entirely legitimate. Okay, 334 00:18:50,359 --> 00:18:54,240 Speaker 1: let's take a quick break and come back and find 335 00:18:54,240 --> 00:19:04,000 Speaker 1: a sleeper story of the week. All right, Sean. We 336 00:19:04,040 --> 00:19:06,080 Speaker 1: are looking for a sleeper story in our sleeper stories, 337 00:19:06,119 --> 00:19:09,320 Speaker 1: of course, a story that's flying under the radar a 338 00:19:09,320 --> 00:19:12,320 Speaker 1: little bit, not getting the attention that we feel it deserves, 339 00:19:12,920 --> 00:19:15,880 Speaker 1: or is going to become a bigger story further down 340 00:19:15,920 --> 00:19:18,560 Speaker 1: the track. Would you like to go first? 341 00:19:19,359 --> 00:19:21,760 Speaker 2: I would like to go first, because I've got a 342 00:19:21,760 --> 00:19:26,119 Speaker 2: great sleeper story. It's how many free trade deals or 343 00:19:26,200 --> 00:19:30,800 Speaker 2: similar deals the federal government has done with different countries, 344 00:19:30,880 --> 00:19:34,399 Speaker 2: as highlighted by a deal this week with the United 345 00:19:34,480 --> 00:19:37,879 Speaker 2: Arab Emirates. The UAE trade between the two countries is 346 00:19:37,920 --> 00:19:40,640 Speaker 2: worth just under ten billion dollars, not huge, but under 347 00:19:40,640 --> 00:19:42,680 Speaker 2: the deal, nine to nine percent of Aussie products will 348 00:19:42,680 --> 00:19:45,640 Speaker 2: be able to enter the UAE without paying tariffs. We're 349 00:19:45,680 --> 00:19:50,320 Speaker 2: talking aluminum, meat, dairy, all seeds, seafood, steel, canola seeds, nuts, 350 00:19:50,680 --> 00:19:54,080 Speaker 2: don't know what type, honey, cold chickpeas, lentils, and higher education. 351 00:19:54,800 --> 00:19:58,879 Speaker 2: UAE is our biggest Middle East trading partner. We buy furniture, copper, wire, glass, 352 00:19:58,880 --> 00:20:01,760 Speaker 2: continus plastic from It'll also make it easier for skilled 353 00:20:01,800 --> 00:20:05,240 Speaker 2: Australians to temporarily work in the UAE. Now, the prize 354 00:20:05,240 --> 00:20:08,679 Speaker 2: and all this, though, might actually be a thirty billion 355 00:20:08,760 --> 00:20:12,200 Speaker 2: US dollar forty billion US dollar climate focused investment vehicle, 356 00:20:12,760 --> 00:20:17,280 Speaker 2: which the UAE unveiled last year. It wants to shift 357 00:20:17,400 --> 00:20:21,200 Speaker 2: in to greener minerals, and of course we have plenty 358 00:20:21,240 --> 00:20:25,240 Speaker 2: of those, so this FTA might open the way for 359 00:20:25,320 --> 00:20:30,040 Speaker 2: that now. The UAE deal makes it the nineteenth free 360 00:20:30,080 --> 00:20:34,760 Speaker 2: trade or cooperation agreement in place over recent years. So 361 00:20:34,840 --> 00:20:39,120 Speaker 2: free is a very nebulous term in some of these. 362 00:20:39,440 --> 00:20:42,240 Speaker 2: I mean, we have a bunch of deals Chile, India, 363 00:20:42,320 --> 00:20:47,639 Speaker 2: New Zealand, UKA, US, Hong Kong, China, etc. Japan, Korea, Peru, Thailand. 364 00:20:48,080 --> 00:20:50,720 Speaker 2: There's also a deal with countries in the region, like 365 00:20:50,800 --> 00:20:55,040 Speaker 2: the Comprehensive and Progressive Agreement for Transpecific Partnership. That's the 366 00:20:55,119 --> 00:20:59,680 Speaker 2: local countries in our region. The year's governments around the 367 00:20:59,720 --> 00:21:03,119 Speaker 2: world tried these massive multilateral trade deals. When I was 368 00:21:03,160 --> 00:21:06,800 Speaker 2: going through university andone was talking about these multilateral trade 369 00:21:06,800 --> 00:21:10,919 Speaker 2: deals getting kind of fifty countries to agree on something 370 00:21:11,160 --> 00:21:15,320 Speaker 2: almost impossible. They've gone out of favor these two way deals, 371 00:21:15,400 --> 00:21:18,679 Speaker 2: the bilateral deals is what we're doing in Australia, doing 372 00:21:18,720 --> 00:21:21,280 Speaker 2: a really good job of signing countries up. This is 373 00:21:21,320 --> 00:21:25,160 Speaker 2: both governments previous government. This government, we haven't been totally successful. 374 00:21:25,160 --> 00:21:27,560 Speaker 2: We've never been able to do a deal with the EU, 375 00:21:28,640 --> 00:21:32,040 Speaker 2: but still we're reducing or removing barriers to trade, an 376 00:21:32,080 --> 00:21:34,760 Speaker 2: investment with a lot of countries around the world that 377 00:21:34,800 --> 00:21:38,800 Speaker 2: gives Australian business and investors a competitive edge. Australian governments 378 00:21:38,800 --> 00:21:41,000 Speaker 2: have done pretty well on it. We're just not talking 379 00:21:41,000 --> 00:21:44,400 Speaker 2: about it because there are so many smaller deals being done. 380 00:21:44,640 --> 00:21:47,280 Speaker 2: And I think it's a great sleeper story because it 381 00:21:47,320 --> 00:21:51,880 Speaker 2: actually will boost the economy for decades to come. Michael, 382 00:21:53,920 --> 00:21:57,960 Speaker 2: it's a good story. Kind of not it off in 383 00:21:57,960 --> 00:22:01,320 Speaker 2: the middle there, but it was a good story, the 384 00:22:02,560 --> 00:22:03,200 Speaker 2: sleeper story. 385 00:22:03,240 --> 00:22:05,640 Speaker 1: Look, okay we talk about sleepers. I feel bad kind 386 00:22:05,640 --> 00:22:07,400 Speaker 1: of you've done it. You've done such a straight kind 387 00:22:07,440 --> 00:22:11,399 Speaker 1: of business story. Yeah, it's good. It's got a bit 388 00:22:11,400 --> 00:22:14,359 Speaker 1: more color to it. We talk about as sleeper stories. 389 00:22:14,359 --> 00:22:14,679 Speaker 4: As. 390 00:22:16,160 --> 00:22:19,119 Speaker 2: Yours is more interesting than mine. No, surely not. That 391 00:22:19,240 --> 00:22:20,280 Speaker 2: never happened possible. 392 00:22:20,640 --> 00:22:24,840 Speaker 1: Look, we talk about sleeper stories as the fuse having 393 00:22:24,880 --> 00:22:27,480 Speaker 1: been lit during the week and that was another excellent 394 00:22:27,560 --> 00:22:28,800 Speaker 1: ruling from Tim Burrows. 395 00:22:29,240 --> 00:22:32,680 Speaker 2: You know, Tim's not the judge today, Adams, but he. 396 00:22:32,680 --> 00:22:35,879 Speaker 1: Made some excellent decisions and some great rulings that I 397 00:22:35,920 --> 00:22:41,000 Speaker 1: have clung to. Now, let me paint a picture for you. 398 00:22:43,080 --> 00:22:46,399 Speaker 1: Just picture two boardrooms this week. 399 00:22:49,119 --> 00:22:52,919 Speaker 2: You're in dangerous You're in dangerous territory already. Yes, boardrooms 400 00:22:52,960 --> 00:22:53,280 Speaker 2: go on. 401 00:22:54,000 --> 00:23:00,520 Speaker 1: In fact, the boardrooms of two major Australian companies sitting 402 00:23:00,560 --> 00:23:04,640 Speaker 1: down for a meeting, only to discover that item number 403 00:23:04,680 --> 00:23:09,280 Speaker 1: one on the agenda is the Roy Morgan Trust survey. 404 00:23:11,640 --> 00:23:15,120 Speaker 1: It's all right, it's all right, they say. Last year 405 00:23:15,160 --> 00:23:17,800 Speaker 1: we were in the top three brands. Sure it'll be 406 00:23:17,840 --> 00:23:20,560 Speaker 1: the same again this year. So the meeting, the meeting 407 00:23:20,640 --> 00:23:25,320 Speaker 1: starts some bad news. They're not in the top three. No, 408 00:23:25,440 --> 00:23:29,040 Speaker 1: those spots are taken by Bunnings and Aldi and Kmart. 409 00:23:29,119 --> 00:23:35,480 Speaker 1: In fact, in fact, these two companies have tumbled, tumbled 410 00:23:36,160 --> 00:23:38,359 Speaker 1: from their rankings last year. They're not they're not in 411 00:23:38,400 --> 00:23:40,680 Speaker 1: the top three. They're not in the top five. They're 412 00:23:40,720 --> 00:23:43,199 Speaker 1: on they're not in the top ten. In fact, you've 413 00:23:43,240 --> 00:23:46,200 Speaker 1: got to go to a different list altogether, the most 414 00:23:46,600 --> 00:23:52,480 Speaker 1: distrusted brands to find them. And there they are Coles 415 00:23:52,800 --> 00:23:58,880 Speaker 1: and Woolworth's, sitting alongside Optus and Quantas and Facebook as 416 00:23:58,920 --> 00:24:03,880 Speaker 1: the least brands in Australia. Now a picture picture those 417 00:24:03,920 --> 00:24:10,199 Speaker 1: boardrooms again, the directors, Coles and Woolies, their faces white 418 00:24:10,320 --> 00:24:15,640 Speaker 1: with shock. Someone someone might have even fainted, right, this 419 00:24:15,800 --> 00:24:20,200 Speaker 1: is how significant this is. They are calling in the 420 00:24:20,280 --> 00:24:23,520 Speaker 1: chief marketing officer, They're calling in kind of every executive 421 00:24:23,520 --> 00:24:25,840 Speaker 1: they can think of to say, what is going on here? 422 00:24:26,240 --> 00:24:30,440 Speaker 1: Because this this is a travesty, This is a joke, 423 00:24:30,600 --> 00:24:33,320 Speaker 1: This is ridiculous. And while the boardroom scenarios I've described 424 00:24:33,320 --> 00:24:37,960 Speaker 1: a fictional, the trust survey, the trust survey is not fictional. 425 00:24:38,000 --> 00:24:41,480 Speaker 1: The trust survey is entirely real and entirely legit. 426 00:24:41,720 --> 00:24:42,760 Speaker 2: Are you going on about. 427 00:24:42,840 --> 00:24:47,440 Speaker 1: I don't really know. This week we learned this week, 428 00:24:47,480 --> 00:24:54,479 Speaker 1: we learned just how distrusted Coals and Woolworths have officially become. 429 00:24:54,920 --> 00:24:57,959 Speaker 1: This this week, this week, because this is when the 430 00:24:58,000 --> 00:25:01,320 Speaker 1: survey came out, and the boss of Roy Morgan singleed 431 00:25:01,359 --> 00:25:04,840 Speaker 1: these two companies, these two businesses, these two brands that 432 00:25:04,960 --> 00:25:10,959 Speaker 1: are synonymous with families with grocery shopping. 433 00:25:11,840 --> 00:25:16,000 Speaker 2: Really I'm not about families. I think they're synonymous with. 434 00:25:16,560 --> 00:25:20,000 Speaker 1: Yes, but also they're a place that families go for 435 00:25:20,160 --> 00:25:21,119 Speaker 1: quality time. 436 00:25:21,640 --> 00:25:23,320 Speaker 2: Oh my god, that's a lastic. 437 00:25:25,000 --> 00:25:27,960 Speaker 1: Anyway, the boss of Roy Morgan did have some interesting 438 00:25:28,040 --> 00:25:32,040 Speaker 1: things to say. She said, the high trust ratings for 439 00:25:32,160 --> 00:25:36,439 Speaker 1: Aldi and IgA, they show that the distrust for the 440 00:25:36,480 --> 00:25:39,240 Speaker 1: two majors for Coals and Mollies. It's not industry wide. 441 00:25:39,520 --> 00:25:41,760 Speaker 1: It's not as though people have just turned on supermarkets. 442 00:25:41,920 --> 00:25:45,120 Speaker 1: They have turned specifically on Coals and Woollies. 443 00:25:46,000 --> 00:25:46,480 Speaker 2: Reve it up. 444 00:25:46,880 --> 00:25:51,760 Speaker 1: Those brands specifically have become associated with price gouging. They've 445 00:25:51,760 --> 00:25:57,040 Speaker 1: become associated with high profits. They have been associated now unfortunately, 446 00:25:57,080 --> 00:26:01,159 Speaker 1: and I feel for those boardrooms with corporate greed. So 447 00:26:01,320 --> 00:26:06,640 Speaker 1: I suspect that this report this week has triggered the 448 00:26:06,760 --> 00:26:10,640 Speaker 1: lighting of a fuse. The fus has now been list 449 00:26:10,680 --> 00:26:14,359 Speaker 1: and you can hear it fizzing, hissing away. It has 450 00:26:14,440 --> 00:26:21,240 Speaker 1: now been lit for a major, major, major campaign to 451 00:26:21,320 --> 00:26:24,040 Speaker 1: restore trust. Because they knew it was bad. They've known 452 00:26:24,080 --> 00:26:26,359 Speaker 1: it was bad for a long time, but they did 453 00:26:26,600 --> 00:26:30,840 Speaker 1: not know it was this bad. And the hunger, the 454 00:26:31,080 --> 00:26:35,000 Speaker 1: absolute ravenous hunger at Colds and Woolworths to return to 455 00:26:35,040 --> 00:26:36,840 Speaker 1: the top of the tree is the most trusted brands 456 00:26:36,880 --> 00:26:40,040 Speaker 1: in Australia will be extreme. It will be intense, Mark 457 00:26:40,119 --> 00:26:44,360 Speaker 1: my words, watch this space, stay tuned. Things are going 458 00:26:44,400 --> 00:26:47,000 Speaker 1: to happen here. The fuse was lit this week and 459 00:26:47,160 --> 00:26:49,520 Speaker 1: it is going to be extraordinary. This is a sleeper 460 00:26:49,560 --> 00:26:53,399 Speaker 1: story for the ages. Jesus Christ. I do not believe 461 00:26:53,400 --> 00:26:54,600 Speaker 1: a single word I just said. 462 00:26:56,720 --> 00:26:58,360 Speaker 2: I'm not giving you the point on this one. If 463 00:26:58,400 --> 00:26:59,080 Speaker 2: I happened to win. 464 00:26:59,119 --> 00:27:01,639 Speaker 1: I think I've got I definitely do. I do believe 465 00:27:01,680 --> 00:27:04,720 Speaker 1: what I said, and I think that Adam willtoo. 466 00:27:08,280 --> 00:27:12,879 Speaker 4: You're retracting your earliest statement, and I do believe what 467 00:27:12,960 --> 00:27:16,639 Speaker 4: I just said. Both of them are some of the 468 00:27:16,760 --> 00:27:19,960 Speaker 4: parts stories in terms of sleeper stories, and I know 469 00:27:20,040 --> 00:27:22,840 Speaker 4: that's chiefly part of the point. And did they reach 470 00:27:22,920 --> 00:27:26,359 Speaker 4: that sort of tipping point this week? So free trade 471 00:27:26,359 --> 00:27:29,960 Speaker 4: deals obviously a great instrument. I think the federal government's 472 00:27:30,000 --> 00:27:32,840 Speaker 4: actually been really busy on this front, including China since 473 00:27:32,840 --> 00:27:36,040 Speaker 4: they came to power, and it is changing our trading 474 00:27:36,040 --> 00:27:39,600 Speaker 4: scenarios for the better. So to me, that is a 475 00:27:39,680 --> 00:27:42,400 Speaker 4: really good sleeper story. The trust index two I find 476 00:27:42,440 --> 00:27:47,439 Speaker 4: fascinating the Michelle Levine made the announcement this week and 477 00:27:47,600 --> 00:27:51,120 Speaker 4: just how chronic some of those falls have been, including 478 00:27:51,160 --> 00:27:53,760 Speaker 4: with Coles and Woolies. And you see a brand like 479 00:27:53,800 --> 00:27:57,679 Speaker 4: Telstra becoming less distrusted or improving up that index. But 480 00:27:57,760 --> 00:28:01,919 Speaker 4: Aldi's staying so strong, Bunning sayings staying so strong, and 481 00:28:02,000 --> 00:28:04,760 Speaker 4: I think that's a great proxy for how customers feel 482 00:28:04,800 --> 00:28:07,320 Speaker 4: about them. Yeah, you as brands, and then there is 483 00:28:07,359 --> 00:28:09,720 Speaker 4: a value in that. So I actually have to call 484 00:28:09,760 --> 00:28:11,600 Speaker 4: it a dead hate on this one. 485 00:28:15,000 --> 00:28:18,119 Speaker 2: Oh your face, Michael, that that is. You know. The 486 00:28:18,119 --> 00:28:20,720 Speaker 2: funny thing about that is I thought Michael didn't have 487 00:28:20,720 --> 00:28:22,720 Speaker 2: a chance of winning, and I thought it was a 488 00:28:22,800 --> 00:28:25,480 Speaker 2: ridiculous story until Adam actually explained to his take on it, 489 00:28:25,480 --> 00:28:27,879 Speaker 2: and I thought, actually, that's much better story than Michael 490 00:28:27,880 --> 00:28:28,560 Speaker 2: gave a credit for. 491 00:28:29,480 --> 00:28:31,399 Speaker 1: I'm just like, I sat down, like I'm going to 492 00:28:31,400 --> 00:28:33,359 Speaker 1: do the trust I'm like, how on earth do you 493 00:28:33,400 --> 00:28:35,240 Speaker 1: do the trust survey as a sleeper story? 494 00:28:35,600 --> 00:28:35,920 Speaker 2: I don't know. 495 00:28:35,960 --> 00:28:39,480 Speaker 4: I'll just make it up a business news podcast. I 496 00:28:39,560 --> 00:28:41,520 Speaker 4: don't know if I helped or hindered Michael, but that 497 00:28:41,640 --> 00:28:43,000 Speaker 4: was my nice tell you. 498 00:28:44,080 --> 00:28:47,600 Speaker 1: Look, I think we might need a mea mug here, okay, 499 00:28:47,600 --> 00:28:50,480 Speaker 1: because the media mug is obviously our most enthusiastic advocate. 500 00:28:50,480 --> 00:28:55,680 Speaker 1: Got a note this week from a listener, Katrina, and 501 00:28:55,720 --> 00:28:58,880 Speaker 1: she said, I love it when listeners helped me out. 502 00:29:01,160 --> 00:29:03,920 Speaker 1: I feel as though I feel as though I come 503 00:29:03,960 --> 00:29:08,760 Speaker 1: across as quite a quite a desperate, needy person. I 504 00:29:08,840 --> 00:29:13,440 Speaker 1: need the help, and so Katrina has written to me 505 00:29:13,480 --> 00:29:16,440 Speaker 1: on Instagram. I'm eternally grateful for this, because she says, 506 00:29:16,680 --> 00:29:19,320 Speaker 1: Michael for Sleeper story of the week, for fear and greed. 507 00:29:19,760 --> 00:29:21,840 Speaker 1: My suggestion is to have a listen to the interest 508 00:29:21,920 --> 00:29:24,800 Speaker 1: rate interview that Sean did on Tuesday. This is with 509 00:29:24,960 --> 00:29:29,719 Speaker 1: Rachel Wastell from Moso. Oh yeah. She said the sleeper 510 00:29:29,760 --> 00:29:32,400 Speaker 1: story could be Sean on his two point one nine 511 00:29:32,480 --> 00:29:37,520 Speaker 1: percent fixed rate mortgage not bad, and the pitch change 512 00:29:37,520 --> 00:29:39,760 Speaker 1: in his voice when that was a reference to a 513 00:29:39,840 --> 00:29:42,719 Speaker 1: lower fixed interest rate with a bank that Sean had 514 00:29:42,760 --> 00:29:48,320 Speaker 1: not heard of before, wrote that down and just this 515 00:29:48,520 --> 00:29:52,720 Speaker 1: undercurrent of disgruntlement. That's my own word, that wasn't Katrina's. 516 00:29:53,120 --> 00:29:55,400 Speaker 1: And anyway, I just thought that was good. I love 517 00:29:55,520 --> 00:30:00,120 Speaker 1: anyone who listens closely to these and thinks maybe may 518 00:30:00,240 --> 00:30:01,720 Speaker 1: there is something in there that I could use on 519 00:30:01,760 --> 00:30:04,680 Speaker 1: the weekend edition. So thank you, Katrina, And I think 520 00:30:04,720 --> 00:30:06,040 Speaker 1: that is worthy of a me and mug. 521 00:30:06,080 --> 00:30:06,600 Speaker 2: Don't you think? 522 00:30:07,280 --> 00:30:07,840 Speaker 4: Absolutely? 523 00:30:07,880 --> 00:30:08,640 Speaker 2: Absolutely? 524 00:30:08,880 --> 00:30:11,720 Speaker 1: Katrina also asked for an update on my lawn. She said, also, 525 00:30:11,800 --> 00:30:14,120 Speaker 1: haven't She said also have this spring, he said, I 526 00:30:14,160 --> 00:30:16,440 Speaker 1: also haven't heard about your lawn for a while. Coming 527 00:30:16,440 --> 00:30:18,720 Speaker 1: into spring might be a good time to subtlely mention 528 00:30:18,840 --> 00:30:22,000 Speaker 1: at some point in fear and greed, I missed the subtlely. 529 00:30:22,000 --> 00:30:24,640 Speaker 1: You missed that when I read her note the first time, 530 00:30:24,680 --> 00:30:27,000 Speaker 1: I missed the subtly thing. Well, you know what, Katrina, 531 00:30:27,160 --> 00:30:29,000 Speaker 1: I will do this subtly at some point in the 532 00:30:29,040 --> 00:30:30,560 Speaker 1: coming week. I'll give a full. 533 00:30:30,560 --> 00:30:33,520 Speaker 2: Well, can i, Katrina, thank you very much for the 534 00:30:33,560 --> 00:30:36,960 Speaker 2: comment my lawn though at the moment, I've spent a 535 00:30:36,960 --> 00:30:38,640 Speaker 2: bit of time in the last couple of weeks, Michael, 536 00:30:38,680 --> 00:30:41,960 Speaker 2: I've totally been transformed by you. And as I get 537 00:30:42,000 --> 00:30:45,720 Speaker 2: older and more boring, and you know, so, I've put 538 00:30:45,760 --> 00:30:47,160 Speaker 2: water on it, which I never thought you had to 539 00:30:47,160 --> 00:30:47,760 Speaker 2: water a lawn. 540 00:30:47,840 --> 00:30:48,040 Speaker 1: You do. 541 00:30:48,760 --> 00:30:51,840 Speaker 2: And your your little tip which I didn't realize is 542 00:30:52,440 --> 00:30:56,040 Speaker 2: cut it regularly but not very short and doesn't it 543 00:30:56,040 --> 00:31:00,000 Speaker 2: good come back? So the back lawn of themash, oh, 544 00:31:00,120 --> 00:31:03,640 Speaker 2: absolutely lush until the kids and Wednesday decided to play 545 00:31:03,640 --> 00:31:08,080 Speaker 2: golf on it crap out of it. But until that point, yeah, 546 00:31:08,160 --> 00:31:10,520 Speaker 2: until that point, well, it was looking so good, I think, 547 00:31:10,600 --> 00:31:13,440 Speaker 2: and they thought, oh wow, that looks great. Let's go 548 00:31:13,560 --> 00:31:14,640 Speaker 2: play golf on it like a. 549 00:31:14,560 --> 00:31:18,440 Speaker 1: Fair way and hack it to pieces. Anyway, thank you 550 00:31:18,520 --> 00:31:20,520 Speaker 1: Katrina for the note, and we will send you out 551 00:31:20,560 --> 00:31:22,360 Speaker 1: of mea mug and the Me and mugs. They've just 552 00:31:22,360 --> 00:31:23,920 Speaker 1: been flying off the shell. 553 00:31:24,120 --> 00:31:26,600 Speaker 2: They have, they have great. That's one and a half. 554 00:31:27,080 --> 00:31:28,680 Speaker 2: One and a half. At the moment, I think going 555 00:31:28,680 --> 00:31:29,440 Speaker 2: to the favorite story. 556 00:31:29,560 --> 00:31:31,520 Speaker 1: Yes, who's first on this one? 557 00:31:32,280 --> 00:31:34,880 Speaker 4: This would be you, Michael, wouldn't it, Michael. 558 00:31:36,640 --> 00:31:38,760 Speaker 1: I'm going to bust out an old favorite this week. 559 00:31:38,960 --> 00:31:39,920 Speaker 2: No, that's a surprise. 560 00:31:41,080 --> 00:31:45,600 Speaker 4: Do you ever stop just the warm, supportive environment that 561 00:31:45,680 --> 00:31:46,280 Speaker 4: you used to. 562 00:31:48,040 --> 00:31:48,800 Speaker 1: Work from home? 563 00:31:50,080 --> 00:31:50,400 Speaker 2: Oh? 564 00:31:50,680 --> 00:31:55,840 Speaker 1: Come again? Well, this is the this is the week 565 00:31:55,880 --> 00:32:01,160 Speaker 1: that it officially ended, Adam, really, I know, hang on, 566 00:32:01,520 --> 00:32:03,440 Speaker 1: I you, Michael. 567 00:32:03,720 --> 00:32:08,280 Speaker 2: Because we haven't seen you in the office match Michael, I. 568 00:32:08,280 --> 00:32:12,400 Speaker 1: Know, Okay, if this is the week that I'm going 569 00:32:12,440 --> 00:32:14,600 Speaker 1: to make the case that it is that this is 570 00:32:14,640 --> 00:32:16,840 Speaker 1: the week that the work from home revolution, as Sean 571 00:32:16,880 --> 00:32:18,760 Speaker 1: you called it, this week the work from home revolution 572 00:32:18,880 --> 00:32:22,200 Speaker 1: officially ended. I have made that same declaration on at 573 00:32:22,280 --> 00:32:27,920 Speaker 1: least four occasions now previously. But this week, this week, 574 00:32:28,160 --> 00:32:30,360 Speaker 1: I really really mean it. 575 00:32:30,640 --> 00:32:32,239 Speaker 2: Oh you're not joking? This week, No, no, no, no. 576 00:32:32,480 --> 00:32:34,880 Speaker 1: All those other times I've been a little bit half half, 577 00:32:34,960 --> 00:32:38,960 Speaker 1: kind of half serious. This time I am deadly serious. 578 00:32:39,880 --> 00:32:43,800 Speaker 1: One of the world's biggest employers, one of the largest 579 00:32:44,000 --> 00:32:49,080 Speaker 1: employers of people in the world, has called time on 580 00:32:49,240 --> 00:32:52,960 Speaker 1: people working from home in their pajamas, warming their feet 581 00:32:53,840 --> 00:32:55,920 Speaker 1: under a kavoodal, hiding under their. 582 00:32:55,800 --> 00:33:00,000 Speaker 2: Desk called Maggie, called Maggie. 583 00:33:00,000 --> 00:33:01,280 Speaker 1: If anyone in this room. 584 00:33:01,440 --> 00:33:04,360 Speaker 2: It's very specific, the three of us. 585 00:33:04,480 --> 00:33:05,800 Speaker 1: I don't have a caverdle, do you? 586 00:33:06,160 --> 00:33:07,160 Speaker 2: I don't have a goverdle. 587 00:33:07,520 --> 00:33:09,760 Speaker 1: What about Adam? 588 00:33:09,800 --> 00:33:12,200 Speaker 4: Well, funnily you should say, there you go, as random 589 00:33:12,280 --> 00:33:13,200 Speaker 4: chance would have it, I do. 590 00:33:13,720 --> 00:33:18,440 Speaker 1: What are the odds? Anyway? Amazon CEO Andy Jase this 591 00:33:18,520 --> 00:33:22,800 Speaker 1: week ordered Amazon staff back to the office full time 592 00:33:23,200 --> 00:33:23,920 Speaker 1: from next year. 593 00:33:23,960 --> 00:33:24,520 Speaker 2: Now, this is a. 594 00:33:24,480 --> 00:33:29,000 Speaker 1: Company with around one and a half million employees, three 595 00:33:29,120 --> 00:33:35,200 Speaker 1: hundred thousand, three hundred thousand of which are corporate workers. 596 00:33:35,600 --> 00:33:40,520 Speaker 1: So I'm assuming this relates how many in Australia? Many, many, many, 597 00:33:40,520 --> 00:33:43,440 Speaker 1: many Sean all right, too many for me to count. 598 00:33:43,920 --> 00:33:48,240 Speaker 1: This is big, right, three hundred thousand corporate workers, one 599 00:33:48,240 --> 00:33:51,520 Speaker 1: and a half million employees, a trend setting business. This 600 00:33:51,640 --> 00:33:56,120 Speaker 1: is not big. This is huge. This is a seismic 601 00:33:56,360 --> 00:34:00,200 Speaker 1: shift in the way we work. The usual naysayers came out, 602 00:34:00,240 --> 00:34:03,040 Speaker 1: of course they did at lassion that of course they 603 00:34:03,040 --> 00:34:05,680 Speaker 1: would oppose it. They've got this work from home anywhere, 604 00:34:06,000 --> 00:34:08,000 Speaker 1: work from anywhere. I don't even know what it's called. 605 00:34:08,080 --> 00:34:10,239 Speaker 1: It's the work from Anywhere policy, where you can work 606 00:34:10,239 --> 00:34:10,840 Speaker 1: from anywhere. 607 00:34:11,760 --> 00:34:13,319 Speaker 2: Probably didn't need it, is that what it's called work? 608 00:34:13,680 --> 00:34:16,319 Speaker 1: We didn't need to clarify that, did I. But if 609 00:34:16,360 --> 00:34:20,200 Speaker 1: you look beyond that, look to say companies like tab Corp, 610 00:34:20,400 --> 00:34:24,040 Speaker 1: with new boss Gilla McLaughlin deciding to quote reset the 611 00:34:24,120 --> 00:34:27,480 Speaker 1: business with a return to the office for its one 612 00:34:27,520 --> 00:34:30,680 Speaker 1: thousand workers. So he's identified that in order to get 613 00:34:30,680 --> 00:34:34,080 Speaker 1: that business back on track, what they need is people 614 00:34:34,440 --> 00:34:38,200 Speaker 1: in the office, people filling the desks, not dialing in 615 00:34:38,239 --> 00:34:41,759 Speaker 1: from home, not using zoom, but actually being there to 616 00:34:41,920 --> 00:34:45,359 Speaker 1: work together. State governments have made similar decisions in recent weeks. 617 00:34:45,400 --> 00:34:48,319 Speaker 1: And indeed, Sean, you made this point yourself that the 618 00:34:48,400 --> 00:34:52,000 Speaker 1: tide has turned, the revolution is over, and it will 619 00:34:52,000 --> 00:34:55,200 Speaker 1: be fear. Fear that gets people back into the office. 620 00:34:55,200 --> 00:34:57,440 Speaker 1: Fear of missing out on promotions, fear of missing out 621 00:34:57,440 --> 00:35:00,960 Speaker 1: on pay rises, fear of missing out on opportunities, the 622 00:35:00,960 --> 00:35:05,520 Speaker 1: fear of being seen as a lay about slacker. They 623 00:35:05,520 --> 00:35:08,880 Speaker 1: are my words, those last ones, not yours. But clearly, clearly, 624 00:35:09,320 --> 00:35:14,359 Speaker 1: this is it. This is the end of work from 625 00:35:14,400 --> 00:35:17,520 Speaker 1: home as we know it. It is my nomination for 626 00:35:17,600 --> 00:35:21,080 Speaker 1: favorite Story of the Week for many course, for many, many, 627 00:35:21,400 --> 00:35:23,320 Speaker 1: many significant reasons. 628 00:35:23,400 --> 00:35:24,840 Speaker 2: You want to get back into the office. 629 00:35:25,320 --> 00:35:29,240 Speaker 1: It is. It's for its economic impact, for its effect 630 00:35:29,239 --> 00:35:33,040 Speaker 1: on productivity, for the timeliness, the sheer timeliness, and the 631 00:35:33,080 --> 00:35:36,360 Speaker 1: topicality of it all. But mostly above all else, it 632 00:35:36,480 --> 00:35:39,440 Speaker 1: is my favorite story of the week because it didn't 633 00:35:39,440 --> 00:35:40,760 Speaker 1: fit into any other category. 634 00:35:45,520 --> 00:35:50,280 Speaker 2: Very good, Oh dear well, I actually have a favorite 635 00:35:50,280 --> 00:35:52,080 Speaker 2: story of the week that matters to me and to 636 00:35:52,160 --> 00:35:56,040 Speaker 2: you and to Adam. It comes from Minor Rio Tinto. 637 00:35:56,120 --> 00:35:59,240 Speaker 2: It's one of Australia's biggest companies, biggest carbon emitts as well. 638 00:35:59,680 --> 00:36:02,600 Speaker 2: It doesn't have a spotless track record when it comes 639 00:36:02,640 --> 00:36:09,000 Speaker 2: to ESG issues, remember the Yukon gorge. So Rio emits 640 00:36:09,040 --> 00:36:11,960 Speaker 2: carbon when it digs up the stuff it does out 641 00:36:11,960 --> 00:36:15,480 Speaker 2: of the ground iron or salt box site, alumina, aluminium 642 00:36:16,120 --> 00:36:19,520 Speaker 2: and plenty of it. Plenty of carbon I'm talking about 643 00:36:19,840 --> 00:36:22,720 Speaker 2: in an effort to reduce its carbon footprint. It's bought 644 00:36:22,840 --> 00:36:26,360 Speaker 2: three thousand hectares of grazing land near Townsvill and Queensland. 645 00:36:26,520 --> 00:36:30,600 Speaker 2: It's going to plant seven hundred and fifty thousand trees. 646 00:36:31,160 --> 00:36:34,240 Speaker 2: The idea is to harvest the seeds from the trees, 647 00:36:34,239 --> 00:36:37,840 Speaker 2: the Pongamia trees, and refine their oils into a form 648 00:36:37,920 --> 00:36:42,120 Speaker 2: of renewable diesel. That diesel, in theory, will power rios, 649 00:36:42,200 --> 00:36:45,800 Speaker 2: trucks and generators. What I kind of found interesting is 650 00:36:45,840 --> 00:36:48,680 Speaker 2: the background of this. Like traditional fuels made with oil 651 00:36:48,719 --> 00:36:53,239 Speaker 2: extracted from underground rocks, biofuels actually release carbon into the atmosphere. 652 00:36:53,840 --> 00:36:56,880 Speaker 2: I didn't realize that. But they're considered neutral for the 653 00:36:56,920 --> 00:37:00,400 Speaker 2: climate because the carbon in biofuels was sucked out of 654 00:37:00,440 --> 00:37:03,480 Speaker 2: the atmosphere originally by the tree, So the burning of 655 00:37:03,520 --> 00:37:08,080 Speaker 2: the biofuel doesn't release any additional carbon into the atmosphere. 656 00:37:08,120 --> 00:37:10,120 Speaker 2: Therefore it's neutral. I didn't know that. I thought that 657 00:37:10,200 --> 00:37:13,520 Speaker 2: was really interesting. This is either a great way to 658 00:37:13,600 --> 00:37:21,399 Speaker 2: reduce Rio's carbon footprint or slightly disingenuous. I'm not quite sure. 659 00:37:21,560 --> 00:37:23,719 Speaker 2: There is one thing about the sucking of the carbons out, 660 00:37:23,880 --> 00:37:28,799 Speaker 2: so I suppose it's neutral. It's not reducing it, but anyway, just. 661 00:37:28,880 --> 00:37:30,560 Speaker 4: Still burning fuel, isn't it. 662 00:37:31,120 --> 00:37:33,640 Speaker 2: Yeah yeah, yeah, yeah, But I mean but I get 663 00:37:33,760 --> 00:37:35,920 Speaker 2: that the fuel they're burning they've actually taken out. 664 00:37:35,960 --> 00:37:37,640 Speaker 1: To begin with, so it is neutral absolute. 665 00:37:39,040 --> 00:37:42,920 Speaker 2: Yeah. Anyway, I don't know why Rio actually picked the 666 00:37:42,920 --> 00:37:46,880 Speaker 2: pongamia tree. It's native to Australia. It can proliferate in 667 00:37:46,880 --> 00:37:48,759 Speaker 2: the northern half of the country. I looked up a 668 00:37:48,760 --> 00:37:51,920 Speaker 2: few facts about it southeast as you plenty of pond gamia. 669 00:37:52,480 --> 00:37:56,480 Speaker 1: Last week you entertained us with facts about bananas. This 670 00:37:56,600 --> 00:38:00,640 Speaker 1: week we're getting facts about the here we go. 671 00:38:01,160 --> 00:38:04,840 Speaker 2: So but it's got these medicinal purposes. I didn't realize 672 00:38:05,280 --> 00:38:09,560 Speaker 2: so many countries like the banana. Well it is that 673 00:38:10,320 --> 00:38:12,520 Speaker 2: good point Banani rubbed the banana skin on your teeth 674 00:38:12,520 --> 00:38:13,799 Speaker 2: and go whiter. That's what we heard. 675 00:38:14,080 --> 00:38:15,960 Speaker 4: Sunburn treatment with the skins. 676 00:38:16,080 --> 00:38:18,719 Speaker 2: Well, the pond gami is good for skin diseases, apparently 677 00:38:19,000 --> 00:38:24,320 Speaker 2: he set It's good for ulcers, for diabetes, for rheumatism, 678 00:38:24,360 --> 00:38:25,160 Speaker 2: for piles. 679 00:38:27,000 --> 00:38:29,160 Speaker 1: It's a cure. All how do you how do you 680 00:38:29,200 --> 00:38:33,560 Speaker 1: apply it to climb? 681 00:38:33,840 --> 00:38:38,439 Speaker 2: Climb the tree? Climb the tree, first fire and ice 682 00:38:38,560 --> 00:38:45,920 Speaker 2: branch and watched the world go by anyway. 683 00:38:45,560 --> 00:38:48,520 Speaker 1: That guy doing up there, don't look at him, children, 684 00:38:49,600 --> 00:38:51,000 Speaker 1: He's fixing his piles. 685 00:38:55,960 --> 00:38:56,760 Speaker 4: It's a treatment. 686 00:38:57,800 --> 00:38:59,960 Speaker 2: I'm gotta get out of this story now. Anyway. I love, 687 00:39:00,239 --> 00:39:03,200 Speaker 2: I just love the story. Seven hundred and fifty thousand 688 00:39:03,239 --> 00:39:06,480 Speaker 2: trees being you know, kind of creative in how it's 689 00:39:06,520 --> 00:39:10,480 Speaker 2: becoming carbon neutral, and then all those facts about the 690 00:39:10,480 --> 00:39:11,400 Speaker 2: pond garmia tree. 691 00:39:11,640 --> 00:39:16,080 Speaker 4: But to you, Adam, okay, look, work from Home is 692 00:39:16,120 --> 00:39:19,279 Speaker 4: not over. I understand what Amazon's done. I get it, 693 00:39:19,320 --> 00:39:23,319 Speaker 4: but it's not over. Yes, Michael, So Sean has to win. 694 00:39:23,600 --> 00:39:29,440 Speaker 4: And then I loved, I loved there becomes Sean's apothecary. 695 00:39:29,600 --> 00:39:34,759 Speaker 4: You know this bananas last week, pon garmia trees this week. 696 00:39:34,840 --> 00:39:37,279 Speaker 2: That they all, they all treat skin diseases. That's what 697 00:39:37,360 --> 00:39:42,040 Speaker 2: I love. Every Singrillian like natural remedy, seems to treat 698 00:39:42,040 --> 00:39:45,480 Speaker 2: skin diseases. Don't know why bananas do pongarmia trees. 699 00:39:46,120 --> 00:39:51,239 Speaker 4: Great competition, very spirited and fun. Sean two and a 700 00:39:51,280 --> 00:39:54,400 Speaker 4: half to one and a half Michael, and the points 701 00:39:54,400 --> 00:39:57,680 Speaker 4: were ninety three to ninety oh so very close. 702 00:39:58,400 --> 00:40:00,640 Speaker 1: And I mean the fact remains that and I'm not 703 00:40:00,719 --> 00:40:03,040 Speaker 1: harping on about anything, And I'm not kind of fixating 704 00:40:03,040 --> 00:40:05,880 Speaker 1: on anything, but sure you should have been disqualified right 705 00:40:05,920 --> 00:40:06,440 Speaker 1: at the start. 706 00:40:08,480 --> 00:40:11,919 Speaker 2: And I'll just mention that you got the point, even 707 00:40:11,920 --> 00:40:15,240 Speaker 2: though I want which actually does Michael, would you agree 708 00:40:15,320 --> 00:40:18,359 Speaker 2: makes the ninety ninety three an odd school? Yeah? 709 00:40:18,400 --> 00:40:22,319 Speaker 1: How did I get so close when you demolished me 710 00:40:22,600 --> 00:40:25,839 Speaker 1: in that first round? Who knows. I don't think we'll 711 00:40:25,880 --> 00:40:28,760 Speaker 1: ever understand the judging of the show. 712 00:40:29,280 --> 00:40:30,240 Speaker 4: By judging mistake. 713 00:40:30,360 --> 00:40:32,319 Speaker 1: But you know what, Adam, with your permission, we might 714 00:40:32,400 --> 00:40:34,600 Speaker 1: post your score sheet. 715 00:40:35,200 --> 00:40:38,120 Speaker 4: Oh god, look, okay, it's a scrawl today, but yeah, 716 00:40:38,120 --> 00:40:39,000 Speaker 4: you free to post. 717 00:40:38,920 --> 00:40:41,640 Speaker 1: On Instagram Fear and Greed podcasts. We'll put it in 718 00:40:41,640 --> 00:40:44,560 Speaker 1: a story maybe and tell us what you think of 719 00:40:45,080 --> 00:40:48,319 Speaker 1: Adam's judging. I'm not inviting criticism. I don't want to 720 00:40:48,320 --> 00:40:49,759 Speaker 1: incite a riot or anything here. 721 00:40:50,680 --> 00:40:52,120 Speaker 4: Oh no, let's go. 722 00:40:52,280 --> 00:40:55,680 Speaker 1: Let's not rule anything out. If you want, Instagram, me, Pylon, Yeah, yeah, 723 00:40:55,760 --> 00:40:57,200 Speaker 1: join on in all right. 724 00:40:57,520 --> 00:41:00,719 Speaker 4: Thank you very much, Adam, Thank you, Michael, Thank you, Sean. 725 00:41:00,719 --> 00:41:03,080 Speaker 2: Thanks Adam, thanks Michael, Thank you very much, Sewan. 726 00:41:03,120 --> 00:41:05,040 Speaker 1: Make sure you're following the podcast, and please join us 727 00:41:05,040 --> 00:41:09,880 Speaker 1: online on LinkedIn, Instagram, TikTok, Facebook, and x Michael Thompson, 728 00:41:09,880 --> 00:41:12,200 Speaker 1: and that was fear and greed. Have a great weekend.