1 00:00:06,320 --> 00:00:09,320 Speaker 1: Welcome to Fear and Greed business news you can use today. 2 00:00:09,440 --> 00:00:13,680 Speaker 1: Federal Parliament resumes this week, with legislation on Hextet, superannuation 3 00:00:13,880 --> 00:00:17,400 Speaker 1: and childcare high on the Labor Party's agenda. Potash and 4 00:00:17,480 --> 00:00:20,919 Speaker 1: nickel dampen the excitement around BHP's record iron ore and 5 00:00:20,920 --> 00:00:24,360 Speaker 1: copper production, and Crown resorts might be coming to Brisbane. 6 00:00:24,600 --> 00:00:27,480 Speaker 1: Plus a ripper weekend in the housing market, and the 7 00:00:27,600 --> 00:00:30,400 Speaker 1: UK is set to drop the voting age to sixteen. 8 00:00:30,680 --> 00:00:33,840 Speaker 1: It is Monday, the twenty first of July twenty twenty five. 9 00:00:34,120 --> 00:00:36,519 Speaker 1: I'm Michael Thompson and good morning Sean Aylmer. 10 00:00:36,720 --> 00:00:39,440 Speaker 2: Good morning, Michael, and welcome back to the studio. 11 00:00:39,800 --> 00:00:41,640 Speaker 1: Thank you. It is great to be back, and especially 12 00:00:41,680 --> 00:00:44,159 Speaker 1: on such a big week when Parliament. 13 00:00:43,840 --> 00:00:45,320 Speaker 2: Is going back, very exciting. 14 00:00:45,360 --> 00:00:46,960 Speaker 1: It's the kind of thing that really excites me. That 15 00:00:47,040 --> 00:00:49,760 Speaker 1: is the main story this morning, Sean. Prime Minister Anthony 16 00:00:49,800 --> 00:00:53,600 Speaker 1: Abernezi and his Labor team head back to Canberra this week, 17 00:00:53,640 --> 00:00:56,600 Speaker 1: with Federal Parliament sitting for the first time since the 18 00:00:56,760 --> 00:00:59,920 Speaker 1: early May election. It's a long time to not be sitting, 19 00:01:00,120 --> 00:01:04,080 Speaker 1: isn't it. I think twenty twenty five is almost a record, 20 00:01:04,160 --> 00:01:07,320 Speaker 1: not quite for the least number of sitting days. Yeah, 21 00:01:07,360 --> 00:01:10,920 Speaker 1: it's quite extraordinary. The federal government's agenda. It is packed, 22 00:01:11,240 --> 00:01:13,560 Speaker 1: probably because I've got a jam so much now into 23 00:01:13,600 --> 00:01:16,479 Speaker 1: a shorter period of time. And given the huge majority 24 00:01:16,480 --> 00:01:18,760 Speaker 1: in the House of Representatives and the need really for 25 00:01:18,880 --> 00:01:21,880 Speaker 1: only the Greens support in the Upper House, the Albanezer 26 00:01:21,880 --> 00:01:25,280 Speaker 1: government has really what must be seen as a golden 27 00:01:25,280 --> 00:01:28,640 Speaker 1: opportunity to push through legislation and change. 28 00:01:28,720 --> 00:01:32,160 Speaker 2: It is Australia's forty eighth parliament since Federation, and Governor 29 00:01:32,240 --> 00:01:35,279 Speaker 2: General Sam Mouston will open it tomorrow. The Prime Minister 30 00:01:35,319 --> 00:01:38,840 Speaker 2: Anthony Alberanzi has nominated a twenty percent reduction in hex 31 00:01:38,920 --> 00:01:41,720 Speaker 2: debt for students as his first piece of legislation. A 32 00:01:41,800 --> 00:01:44,640 Speaker 2: graduate with an average debt of twenty seven thy six 33 00:01:44,760 --> 00:01:47,240 Speaker 2: hundred will have about five and a half thousand lopped off. 34 00:01:47,240 --> 00:01:49,880 Speaker 2: The title that'll be nice. Labour is also likely to 35 00:01:49,880 --> 00:01:52,720 Speaker 2: move quickly on its controversial plan to increase the tax 36 00:01:52,760 --> 00:01:56,120 Speaker 2: on superannuation accounts with more than three million dollars, including 37 00:01:56,120 --> 00:01:59,800 Speaker 2: the taxation of unrealized gains. The only roadbock to that 38 00:02:00,120 --> 00:02:02,560 Speaker 2: at the moment is that the Greens want the level 39 00:02:02,600 --> 00:02:05,200 Speaker 2: reduced to two million dollars. There's also expected to be 40 00:02:05,320 --> 00:02:11,160 Speaker 2: new legislation covering environmental laws, childcare, gender equality and disability care, 41 00:02:11,480 --> 00:02:14,440 Speaker 2: and truth in political advertising. There's also likely to be 42 00:02:14,520 --> 00:02:17,800 Speaker 2: a slate of new legislation around housing, as the government 43 00:02:17,840 --> 00:02:20,840 Speaker 2: works to improve one of the soft spots in the economy. 44 00:02:21,120 --> 00:02:23,720 Speaker 2: Parliament kicks off tomorrow with both houses sitting, though day 45 00:02:23,760 --> 00:02:26,720 Speaker 2: ones normally very procedural. There's also a bunch of new 46 00:02:26,840 --> 00:02:29,120 Speaker 2: MPs that need to get the lie of the land 47 00:02:29,200 --> 00:02:31,639 Speaker 2: or so the battle gets serious on Wednesday. 48 00:02:32,200 --> 00:02:34,440 Speaker 1: It's also a big week, isn't it for Susan Lee, 49 00:02:34,600 --> 00:02:37,960 Speaker 1: who is the new head of the Liberal Party. She 50 00:02:38,080 --> 00:02:41,080 Speaker 1: needs to prove herself having defeated Angus Taylor in a 51 00:02:41,120 --> 00:02:43,520 Speaker 1: poll for the top job and now the pressure's on. 52 00:02:44,120 --> 00:02:46,640 Speaker 2: Yeah. In many ways it's bigger for Susan Lee than 53 00:02:46,680 --> 00:02:49,079 Speaker 2: it is the Prime Minister because he's obviously been there, 54 00:02:49,120 --> 00:02:51,919 Speaker 2: done that. Susan Lee is the first woman to lead 55 00:02:51,960 --> 00:02:55,520 Speaker 2: the Liberal Party. She has quite the job, overseeing just 56 00:02:55,720 --> 00:03:00,200 Speaker 2: forty three coalition members, only eighteen Liberal Party members in 57 00:03:00,240 --> 00:03:03,200 Speaker 2: the House of Reps, also sixteen from the Liberal National 58 00:03:03,240 --> 00:03:06,640 Speaker 2: Party of Queensland and then nine Nationals. The LP has 59 00:03:06,720 --> 00:03:08,919 Speaker 2: ninety four members. There are ten independents of one each 60 00:03:09,000 --> 00:03:12,600 Speaker 2: from the Australian Greens, the Center Alliance and Katter's Australia Party. 61 00:03:13,000 --> 00:03:16,839 Speaker 2: Lee needs to pull together an utterly defeated party. She's 62 00:03:16,880 --> 00:03:21,639 Speaker 2: promised not to be overly negative, but what she will 63 00:03:21,639 --> 00:03:24,960 Speaker 2: find difficult is not just taking on Anthony Albernezi, but 64 00:03:25,120 --> 00:03:28,440 Speaker 2: almost taking on her own party because it was a 65 00:03:28,480 --> 00:03:31,160 Speaker 2: close call with Angus Taylor. She won that poll, but 66 00:03:31,240 --> 00:03:33,840 Speaker 2: she really has to show that she can be the 67 00:03:33,919 --> 00:03:36,160 Speaker 2: leader in the Senate. The ALP will need the support 68 00:03:36,160 --> 00:03:39,640 Speaker 2: of the Greens, which means that that party theoretically should 69 00:03:39,720 --> 00:03:42,880 Speaker 2: have more power than the previous parliament. It should also 70 00:03:42,920 --> 00:03:47,360 Speaker 2: make it easier for the government to pass legislation. Well, 71 00:03:47,440 --> 00:03:49,640 Speaker 2: let's get on with it, Michael, Let's get on with it. 72 00:03:49,640 --> 00:03:52,600 Speaker 1: It's time, yeah, it certainly is it as well? Overdue 73 00:03:52,720 --> 00:03:55,680 Speaker 1: back into Parliament to let the games begin, now, Sean 74 00:03:55,840 --> 00:03:59,960 Speaker 1: turning away from politics into markets. The local share market 75 00:04:00,160 --> 00:04:04,480 Speaker 1: beyond eighty seven hundred points for the first time on Friday, 76 00:04:04,840 --> 00:04:07,120 Speaker 1: but Wall Street was lower over the weekend, meaning the 77 00:04:07,160 --> 00:04:09,440 Speaker 1: local market might now slide on opening. 78 00:04:10,080 --> 00:04:13,720 Speaker 2: So you're away. The market took off, Well, I don't 79 00:04:13,720 --> 00:04:15,400 Speaker 2: know if there's anything to do with you. 80 00:04:15,320 --> 00:04:18,560 Speaker 1: Know, entirely coincidental. 81 00:04:18,400 --> 00:04:21,240 Speaker 2: Entirely, so push beyond eighty seven hundred points for the 82 00:04:21,240 --> 00:04:24,119 Speaker 2: first time on Friday, mind you, Wall Street was lower. 83 00:04:24,240 --> 00:04:28,360 Speaker 2: Over the weekend. The S and p ASX two hundred 84 00:04:28,480 --> 00:04:31,120 Speaker 2: was up one point four percent to a new high 85 00:04:31,120 --> 00:04:34,000 Speaker 2: of eighty seven hundred and fifty seven points. It actually 86 00:04:34,000 --> 00:04:37,440 Speaker 2: peaked during the day on Friday, up eighty seven hundred 87 00:04:37,440 --> 00:04:40,000 Speaker 2: and seventy six point four points. That is the all 88 00:04:40,040 --> 00:04:43,080 Speaker 2: time high. Healthcare stocks did well, as did the big 89 00:04:43,120 --> 00:04:45,000 Speaker 2: minus and tech companies for the week. The Boss was 90 00:04:45,080 --> 00:04:48,000 Speaker 2: up two percent. Now Wall Street pullback over the weekend. 91 00:04:48,040 --> 00:04:52,080 Speaker 2: Futures training on the local market suggests it will open lower. 92 00:04:52,240 --> 00:04:56,400 Speaker 2: Not a lot of data out this week. But but 93 00:04:56,400 --> 00:04:59,839 Speaker 2: but the triple butt, the Michael Thompson triple bart In fact, 94 00:05:00,520 --> 00:05:03,839 Speaker 2: Reserve Bank gun Michelle Bullock is speaking on Thursday, and 95 00:05:03,880 --> 00:05:06,440 Speaker 2: there are minutes at the Central Bank meeting from two 96 00:05:06,480 --> 00:05:08,760 Speaker 2: weeks ago. They're out tomorrow now. While you were away, 97 00:05:08,920 --> 00:05:11,000 Speaker 2: I'm sure you realize it because you have a mortgage. 98 00:05:11,040 --> 00:05:14,840 Speaker 2: We didn't get a rate cut. Given what we've heard 99 00:05:14,920 --> 00:05:17,920 Speaker 2: since then, the unemployment rate, for example, went to four 100 00:05:17,920 --> 00:05:20,359 Speaker 2: point three percent. And you must listen to the Kouk 101 00:05:20,880 --> 00:05:24,560 Speaker 2: after the show today because he talks about this. Given 102 00:05:25,000 --> 00:05:27,000 Speaker 2: that all the data said they should have cut rates, 103 00:05:27,240 --> 00:05:29,240 Speaker 2: it's going to be very interesting to see what Michelle 104 00:05:29,240 --> 00:05:32,039 Speaker 2: Bullock has to say and to see the reasoning from 105 00:05:32,040 --> 00:05:34,320 Speaker 2: the Reserve Bank minutes on why they didn't. 106 00:05:34,760 --> 00:05:36,919 Speaker 1: Yeah, it's going to be fascinating. It's going to be 107 00:05:36,920 --> 00:05:40,080 Speaker 1: a very very exciting week. And on Wall Street sean 108 00:05:40,839 --> 00:05:44,960 Speaker 1: earning season heats up with Alphabet and Tesla both reporting 109 00:05:45,320 --> 00:05:47,000 Speaker 1: later in the week. That's got to be a bit 110 00:05:47,040 --> 00:05:48,560 Speaker 1: of pressure on the Tesla results. 111 00:05:48,839 --> 00:05:51,520 Speaker 2: Yeah, I mean it'll be particularly closely watched. Ken elon 112 00:05:51,640 --> 00:05:55,640 Speaker 2: musk arrests, the slide in sles. Wall Street results used 113 00:05:55,680 --> 00:05:58,000 Speaker 2: to be sort of interesting. Now they're really interesting because 114 00:05:58,040 --> 00:06:01,760 Speaker 2: companies like Alphabet and Tesla, Netflix, we all know them, 115 00:06:01,800 --> 00:06:05,160 Speaker 2: we use them, and so we're really interested. So, for example, 116 00:06:05,200 --> 00:06:07,200 Speaker 2: Netflix reported late last week. It's always one of the 117 00:06:07,200 --> 00:06:10,640 Speaker 2: first quarterly reporters. It had a really good second quarter 118 00:06:10,720 --> 00:06:13,440 Speaker 2: results on the back of two of the most watched 119 00:06:13,680 --> 00:06:17,920 Speaker 2: titles of the year. Michael, you were back in the studio, 120 00:06:19,320 --> 00:06:21,080 Speaker 2: what were they name? One of them? 121 00:06:21,560 --> 00:06:24,080 Speaker 1: The only one, the only one I can think of 122 00:06:24,160 --> 00:06:26,480 Speaker 1: that would fit the bill would be Squid Game because 123 00:06:26,520 --> 00:06:29,880 Speaker 1: there was so heavily promoted. The last season of that. 124 00:06:30,200 --> 00:06:32,640 Speaker 2: Did very very well. The other one, which, funny enough, 125 00:06:32,680 --> 00:06:36,479 Speaker 2: I watched with my daughter Rosie Ginny and Georgia the 126 00:06:36,520 --> 00:06:37,400 Speaker 2: third season of it. 127 00:06:37,920 --> 00:06:40,120 Speaker 1: Third season, I haven't even heard of the first two. 128 00:06:41,640 --> 00:06:44,520 Speaker 2: And don't worry. You don't need to more suitable for 129 00:06:44,560 --> 00:06:47,160 Speaker 2: a sixteen year old girl than a middle aged man 130 00:06:47,200 --> 00:06:50,240 Speaker 2: like myself. The great thing about Netflix, it shares something 131 00:06:50,240 --> 00:06:52,960 Speaker 2: nearly double over the past year. It's worth about half 132 00:06:53,000 --> 00:06:56,479 Speaker 2: a trillion dollars. It's actually worth more than Walt Disney, 133 00:06:56,520 --> 00:07:00,360 Speaker 2: Comcast and Warm Brothers Discovery combined. So it's just amazing 134 00:07:00,400 --> 00:07:03,720 Speaker 2: how streaming has taken off. In terms of numbers. Brncruz 135 00:07:03,760 --> 00:07:05,960 Speaker 2: trading around sixty nine US dollars a barrel. Michael, you're 136 00:07:05,960 --> 00:07:07,760 Speaker 2: going to be picking up petrol around that one to 137 00:07:07,839 --> 00:07:11,080 Speaker 2: eighty one ninety dollars a liter and diesel whatever it is, 138 00:07:11,440 --> 00:07:14,200 Speaker 2: So no interest, that's for you. Gold's closet two thirty 139 00:07:14,200 --> 00:07:16,680 Speaker 2: three fifty US announced bitcoins out one hundred and eighteen 140 00:07:16,720 --> 00:07:19,240 Speaker 2: thousand US dollars a unit, and the Aussie dollar buying 141 00:07:19,280 --> 00:07:20,680 Speaker 2: sixty five US cents. 142 00:07:20,920 --> 00:07:23,400 Speaker 1: All right, big start to the show. Plenty more still 143 00:07:23,440 --> 00:07:25,120 Speaker 1: to come. We'll be back in a moment with the 144 00:07:25,160 --> 00:07:35,840 Speaker 1: rest of the day's business news sewn. BHP's share price 145 00:07:35,920 --> 00:07:38,440 Speaker 1: jumped more than three percent last Friday and the back 146 00:07:38,480 --> 00:07:41,760 Speaker 1: of record copper and iron ore production. But the news 147 00:07:41,800 --> 00:07:45,880 Speaker 1: isn't so good for two other major products, potash and nickel. 148 00:07:46,280 --> 00:07:49,400 Speaker 2: BHP's push into potash, which is in Canada it began 149 00:07:50,000 --> 00:07:53,239 Speaker 2: about ten twelve years ago, was supposed to cost about 150 00:07:53,280 --> 00:07:57,000 Speaker 2: five point seven billion US dollars, but on Friday, BHPS 151 00:07:57,000 --> 00:08:00,160 Speaker 2: ad the budget would push beyond seven billion dollar doll 152 00:08:00,320 --> 00:08:03,680 Speaker 2: The first production from the Stage one mind will now 153 00:08:03,720 --> 00:08:06,440 Speaker 2: be twenty twenty seven, a year later. The most recent 154 00:08:06,520 --> 00:08:09,880 Speaker 2: update BHP blames design escape changes in inflation for the 155 00:08:09,920 --> 00:08:13,800 Speaker 2: cost increases. It might actually defer Stage two expansion. Think 156 00:08:13,800 --> 00:08:17,080 Speaker 2: about potash for BHP, that is its big push into 157 00:08:17,280 --> 00:08:20,280 Speaker 2: well part of its big push into forward looking commodities. 158 00:08:20,320 --> 00:08:24,160 Speaker 2: Potash being a fertilizer, so very disappointing for the big Australian. 159 00:08:24,200 --> 00:08:26,280 Speaker 2: It's also sold at steak in a one point four 160 00:08:26,280 --> 00:08:30,000 Speaker 2: billion dollar nickel project in Tanzania at a loss. Nickel 161 00:08:30,040 --> 00:08:34,280 Speaker 2: prices have tumbled Beachps previously Mothboards Nickel division, and this 162 00:08:34,440 --> 00:08:37,920 Speaker 2: is a casualty of a similar Well what am I 163 00:08:38,000 --> 00:08:40,920 Speaker 2: saying here, Michael? Basically it's part of the mothboiling of 164 00:08:40,960 --> 00:08:41,800 Speaker 2: the Nickel business. 165 00:08:41,960 --> 00:08:46,680 Speaker 1: Okay, gotcha. Crown Resorts, this is interesting. Could be heading 166 00:08:46,720 --> 00:08:50,000 Speaker 1: to Brisbane, which is a market currently owned by the Star, 167 00:08:50,320 --> 00:08:53,160 Speaker 1: with the owners of queenswarf Precinct in talks with the 168 00:08:53,200 --> 00:08:57,679 Speaker 1: private equity owned Crown about a takeover of casino operations. 169 00:08:58,160 --> 00:09:01,320 Speaker 2: Chow Tai Fook Enterprises and East to Consort Him each 170 00:09:01,360 --> 00:09:04,800 Speaker 2: own twenty five percent of the Brisbane Hotel, casino and 171 00:09:04,880 --> 00:09:09,000 Speaker 2: Entertainment complex. Now they're finalizing the purchase of Star Entertainment's 172 00:09:09,040 --> 00:09:11,520 Speaker 2: fifty percent stake in the business, and according to a 173 00:09:11,559 --> 00:09:13,520 Speaker 2: story in the AFR, they actually want to replace Star 174 00:09:13,720 --> 00:09:17,280 Speaker 2: as the precincts Cash a casino operator by early next year, 175 00:09:17,440 --> 00:09:21,079 Speaker 2: with someone else Crown Resorts being the only other option 176 00:09:21,760 --> 00:09:25,720 Speaker 2: that would push Crown Resorts along the East case basically 177 00:09:26,080 --> 00:09:28,959 Speaker 2: and Perth of course. So you've got Melbourne, Sydney, Brisbane 178 00:09:28,960 --> 00:09:29,320 Speaker 2: and Perth. 179 00:09:29,720 --> 00:09:33,440 Speaker 1: Yeah, be big move. Now, there was an uptick sean 180 00:09:33,600 --> 00:09:36,320 Speaker 1: in the number of house auctions held across the country 181 00:09:36,360 --> 00:09:39,720 Speaker 1: over the weekend, and in the preliminary clearance rate too, 182 00:09:39,760 --> 00:09:42,280 Speaker 1: which came in at seventy four point four percent. 183 00:09:42,920 --> 00:09:45,520 Speaker 2: I suppose, you know, an uptick really under. 184 00:09:45,600 --> 00:09:47,199 Speaker 1: I was just thinking that I was an uptick. I 185 00:09:47,480 --> 00:09:49,480 Speaker 1: really should have gone a bit stronger with that. There 186 00:09:49,600 --> 00:09:54,959 Speaker 1: was a whopping surge. How's that very much? 187 00:09:55,240 --> 00:09:57,680 Speaker 2: Too much? Probably? It was an absolutely cracking weekend. It 188 00:09:57,679 --> 00:10:00,920 Speaker 2: was the second highest preliminary clearance rate this year. We've 189 00:10:00,960 --> 00:10:03,200 Speaker 2: had six weeks in a row above seventy percent. Melbourne's 190 00:10:03,200 --> 00:10:07,080 Speaker 2: on a tear seventy six point seven percent clearance rate, 191 00:10:07,400 --> 00:10:09,839 Speaker 2: the highest in more than two years. According to Totality, 192 00:10:10,120 --> 00:10:13,080 Speaker 2: the Victorian capital is relatively cheap, so the medium home 193 00:10:13,160 --> 00:10:15,880 Speaker 2: price of sales over the last week in Melbourne was 194 00:10:15,920 --> 00:10:18,600 Speaker 2: nine hundred and thirty five thousand dollars, well below Sydney, 195 00:10:18,840 --> 00:10:22,199 Speaker 2: which is one point seventy five million dollars. It's below Brisbane, 196 00:10:22,320 --> 00:10:25,679 Speaker 2: and it's about in line with Canberra, and no disrespect 197 00:10:25,679 --> 00:10:28,240 Speaker 2: to Brisbane, Canbra But if I was going to buy 198 00:10:28,240 --> 00:10:30,200 Speaker 2: a home, I'd probably buy in Melbourne rather than Brisbane 199 00:10:30,280 --> 00:10:34,400 Speaker 2: or Camera. I'm not I'm not getting out of. 200 00:10:34,360 --> 00:10:37,160 Speaker 1: This conversation because I just want to see just everyone 201 00:10:37,240 --> 00:10:39,280 Speaker 1: just getting angry and bringing their pitchforks for the ail 202 00:10:39,360 --> 00:10:39,880 Speaker 1: my household. 203 00:10:39,920 --> 00:10:41,880 Speaker 2: Yeah that's true. I mean I'd probably buy in Brisbane 204 00:10:41,880 --> 00:10:43,200 Speaker 2: as well as Melbourne. No buy both. 205 00:10:43,760 --> 00:10:45,920 Speaker 1: Go on see yourself out of this one. 206 00:10:46,480 --> 00:10:48,160 Speaker 2: I have lived in Camera in a lovely spot. One 207 00:10:48,200 --> 00:10:51,520 Speaker 2: of my kids lives there. Beautiful. Sydney's medium price, I said, 208 00:10:51,600 --> 00:10:53,400 Speaker 2: was one point seventy five million dollars. Is Clear and 209 00:10:53,440 --> 00:10:56,040 Speaker 2: Straight came in just under seventy five percent. Among the 210 00:10:56,080 --> 00:10:59,000 Speaker 2: smaller capitals, Adelaide was good seventy two. Brisbane picked up 211 00:10:59,040 --> 00:11:01,720 Speaker 2: quite a bit from recent weeks, finished above sixty eight percent. 212 00:11:01,880 --> 00:11:04,760 Speaker 2: Act was sixty six percent now. 213 00:11:04,920 --> 00:11:07,679 Speaker 1: The share price of biotech Miso Blast, which is one 214 00:11:07,679 --> 00:11:09,600 Speaker 1: that we've talked about a lot in the past, shorn 215 00:11:09,720 --> 00:11:13,880 Speaker 1: It rose thirty five percent on Friday after the company 216 00:11:13,920 --> 00:11:17,880 Speaker 1: announced strong sales of itssel therapy since it became commercially 217 00:11:17,880 --> 00:11:18,920 Speaker 1: available in March. 218 00:11:19,440 --> 00:11:22,600 Speaker 2: It's called Royan Saul. The US Food and Drug Administration 219 00:11:22,720 --> 00:11:26,080 Speaker 2: in December approved of the therapy to treat children for 220 00:11:26,160 --> 00:11:30,280 Speaker 2: complications that can occur during bone marrow transplants. The group 221 00:11:30,320 --> 00:11:33,960 Speaker 2: reported thirteen million dollars in gross revenue. From Rayons sales 222 00:11:34,559 --> 00:11:36,160 Speaker 2: from the time it was launched. From March twenty eight 223 00:11:36,200 --> 00:11:38,480 Speaker 2: to June thirty, its share price has been on a 224 00:11:38,559 --> 00:11:41,280 Speaker 2: rollercase to mesoblast on the back of whether this drug 225 00:11:41,520 --> 00:11:45,040 Speaker 2: would well work but then actually be sold by doctors, 226 00:11:45,120 --> 00:11:48,959 Speaker 2: and that's happening. Friday's bounce values a company had about 227 00:11:48,960 --> 00:11:49,840 Speaker 2: three billion dollars. 228 00:11:50,480 --> 00:11:54,120 Speaker 1: It looks like Jeremy Rockliffe will remain as Tasmania's premier 229 00:11:54,200 --> 00:11:55,240 Speaker 1: after Saturday's election. 230 00:11:55,559 --> 00:11:57,880 Speaker 2: That's right that Lives are projected to win fifteen of 231 00:11:57,920 --> 00:12:00,720 Speaker 2: the thirty five seats. Rockcliffe is reaching out to cross 232 00:12:00,720 --> 00:12:04,040 Speaker 2: benches to try and secure government. ALP leader Dean Winter 233 00:12:04,120 --> 00:12:08,360 Speaker 2: hasn't conceded just yet. It was almost a record loss 234 00:12:08,400 --> 00:12:12,240 Speaker 2: for Labor, a very poor performance in Tasmania and a very. 235 00:12:12,160 --> 00:12:15,120 Speaker 1: Quick update on the Quantus hack from last month. The 236 00:12:15,360 --> 00:12:20,520 Speaker 1: Carrier has released, rather secured, a Supreme Court injunction to 237 00:12:20,679 --> 00:12:24,640 Speaker 1: stop stolen data being access viewed, released, us transmitted or 238 00:12:24,640 --> 00:12:25,960 Speaker 1: published by anyone. 239 00:12:26,640 --> 00:12:29,679 Speaker 2: Yes, so we haven't seen any evidence that the hack 240 00:12:29,800 --> 00:12:32,240 Speaker 2: data of five points four seven million customs has actually 241 00:12:32,240 --> 00:12:35,400 Speaker 2: been posted anywhere at this point, and really the injunction 242 00:12:35,760 --> 00:12:40,280 Speaker 2: the injunction at this stage is a precautionary measure. However, 243 00:12:40,520 --> 00:12:44,480 Speaker 2: it is unlikely to local criminals from posting. 244 00:12:45,200 --> 00:12:47,200 Speaker 1: I was to say, I don't think a court order 245 00:12:47,240 --> 00:12:49,480 Speaker 1: is going to stop a criminal from posting something, isn't. 246 00:12:49,480 --> 00:12:53,240 Speaker 1: It might stop media from perhaps some elements of it, 247 00:12:53,280 --> 00:12:55,120 Speaker 1: but I don't think it's going to stop the dark 248 00:12:55,120 --> 00:12:57,840 Speaker 1: web does not pay a huge amount of notice to 249 00:12:57,880 --> 00:13:02,199 Speaker 1: Supreme Court injunctions. Turning to international news, now, another Trump 250 00:13:02,320 --> 00:13:04,920 Speaker 1: bromance looks to be in trouble. The US President is 251 00:13:04,960 --> 00:13:08,360 Speaker 1: suing Rupert Murdoch and News Corp, the parent company of 252 00:13:08,400 --> 00:13:11,640 Speaker 1: The Wall Street Journal, of an article claiming that Trump 253 00:13:11,760 --> 00:13:14,960 Speaker 1: wrote a note to Jeffrey Epstein for his fiftieth birthday. 254 00:13:15,280 --> 00:13:19,679 Speaker 2: The article claims that the typed letter reportedly includes a 255 00:13:19,840 --> 00:13:22,559 Speaker 2: drawing made with a heavy marker, of a naked woman, 256 00:13:23,200 --> 00:13:26,600 Speaker 2: on which Trump's signature features prominently, with a message wishing 257 00:13:26,640 --> 00:13:30,040 Speaker 2: that every day be another wonderful secret. When Trump found 258 00:13:30,080 --> 00:13:32,040 Speaker 2: out it was running, he rang Murdoch told him to 259 00:13:32,040 --> 00:13:34,880 Speaker 2: pull it. Threatening to sue his ass off is the 260 00:13:34,880 --> 00:13:37,959 Speaker 2: way he put it on social media. In fact, he 261 00:13:38,000 --> 00:13:40,560 Speaker 2: said it threatened to sue his ass off and that 262 00:13:40,760 --> 00:13:45,679 Speaker 2: of his third rate newspaper Murdoch didn't force the Wall 263 00:13:45,679 --> 00:13:48,440 Speaker 2: Street genital pullet, or at least whatever happened, it still 264 00:13:48,520 --> 00:13:53,000 Speaker 2: was printed. And so Trump is now suing News Corp 265 00:13:53,120 --> 00:13:55,920 Speaker 2: and Rupert Murdoch. I mean, the Jeffrey Epstein affair is 266 00:13:55,920 --> 00:14:00,480 Speaker 2: causing Donald Trump all sorts of headaches. More so than 267 00:14:00,960 --> 00:14:04,080 Speaker 2: some other incredibly serious issues out there. This is the 268 00:14:04,080 --> 00:14:05,839 Speaker 2: one that seems to be catching him out at the moment, 269 00:14:05,920 --> 00:14:06,240 Speaker 2: and it. 270 00:14:06,280 --> 00:14:10,520 Speaker 1: Just keeps coming back. Yeah, seems yeah, not going anywhere now. Finally, 271 00:14:10,600 --> 00:14:12,720 Speaker 1: Britain Sean I mentioned this at the top of the show, 272 00:14:12,720 --> 00:14:16,120 Speaker 1: has moved to lower the voting age by two years 273 00:14:16,280 --> 00:14:19,480 Speaker 1: to sixteen in all UK elections, which is a major 274 00:14:19,600 --> 00:14:23,560 Speaker 1: overhaul of the country's democratic system that immediately split opinion 275 00:14:23,800 --> 00:14:28,960 Speaker 1: over whether young people should or would cast ballots. And 276 00:14:29,000 --> 00:14:31,720 Speaker 1: when you think about the fact that Australia's electoral system 277 00:14:31,800 --> 00:14:33,600 Speaker 1: is based on the UK system. 278 00:14:33,320 --> 00:14:36,680 Speaker 2: Could we be naclate. That's right. The proposed changes are 279 00:14:36,680 --> 00:14:39,880 Speaker 2: designed to boost participation and trust in the electoral system, 280 00:14:39,920 --> 00:14:43,840 Speaker 2: which suffered its lowest turnout at last year's general election 281 00:14:44,320 --> 00:14:45,480 Speaker 2: in about twenty years. 282 00:14:45,640 --> 00:14:45,800 Speaker 1: Now. 283 00:14:45,880 --> 00:14:48,280 Speaker 2: Voting isn't compulsory in the UK. That's a big difference 284 00:14:48,320 --> 00:14:51,920 Speaker 2: between Britain and Australia, but it would align voting rights 285 00:14:51,920 --> 00:14:55,800 Speaker 2: across Britain, where younger voters can already participate in elections 286 00:14:55,960 --> 00:15:00,960 Speaker 2: to devolved parliaments in Scotland and Wales. According to Reutter's Kisarma, 287 00:15:01,000 --> 00:15:03,360 Speaker 2: the UK Prime Minister said, and I quate they're old 288 00:15:03,480 --> 00:15:05,200 Speaker 2: enough to go out to work, they're old enough to 289 00:15:05,240 --> 00:15:07,280 Speaker 2: pay taxes. If you pay in you should have the 290 00:15:07,280 --> 00:15:09,880 Speaker 2: opportunity to say what you want your money spent on 291 00:15:10,200 --> 00:15:11,480 Speaker 2: which way the government should go. 292 00:15:12,160 --> 00:15:14,600 Speaker 1: Okay. Coming up next is the Fear and Greed Daily 293 00:15:14,640 --> 00:15:17,440 Speaker 1: Interview Today, Sean, you're speaking with Elaine Stead, who is 294 00:15:17,440 --> 00:15:21,320 Speaker 1: the principle of Deep Deep Tech Venture Fund. It's a 295 00:15:21,360 --> 00:15:23,320 Speaker 1: tongue twister main Sequence. 296 00:15:23,440 --> 00:15:27,760 Speaker 2: Yes, so it's kind of it's a deep tech is 297 00:15:28,040 --> 00:15:33,800 Speaker 2: a far more focused way of investing. You need patient 298 00:15:33,840 --> 00:15:36,240 Speaker 2: capital because you're not going to get a return for five, seven, 299 00:15:36,320 --> 00:15:39,960 Speaker 2: ten years, and it might be in quantum computing, it 300 00:15:40,080 --> 00:15:43,560 Speaker 2: might be in AI and main Sequence have raised quite 301 00:15:43,600 --> 00:15:46,080 Speaker 2: a bit of money. They've actually just sort of got 302 00:15:46,080 --> 00:15:48,880 Speaker 2: their first return seven year twenty seventeen they started, So 303 00:15:48,960 --> 00:15:52,080 Speaker 2: what's up eight years on? So we talk about how 304 00:15:52,120 --> 00:15:57,200 Speaker 2: people should think about investing in a deep tech venture fund. 305 00:15:58,200 --> 00:16:02,200 Speaker 2: I reckon when I have investing in is Michael? Mostly 306 00:16:02,240 --> 00:16:04,200 Speaker 2: I kind of know what the responses are going to 307 00:16:04,240 --> 00:16:06,800 Speaker 2: be when I ask the question. Not in this one. 308 00:16:07,160 --> 00:16:08,440 Speaker 2: It's really interesting chat. 309 00:16:08,600 --> 00:16:10,520 Speaker 1: Oh that's awesome. Okay, that's coming up next in the 310 00:16:10,520 --> 00:16:13,280 Speaker 1: Fear and Greed playlist on your podcast platform or at 311 00:16:13,280 --> 00:16:15,640 Speaker 1: Fearandgreed dot com dot au, which is also where you 312 00:16:15,680 --> 00:16:19,280 Speaker 1: sign up for our free daily newsletter which continues to 313 00:16:19,320 --> 00:16:21,400 Speaker 1: go gangbusters. And I put a link to that one 314 00:16:21,400 --> 00:16:23,600 Speaker 1: in today's show notes as well. Thank you Sean, Thank 315 00:16:23,640 --> 00:16:26,040 Speaker 1: you Michael. It is Monday, the twenty first of July 316 00:16:26,120 --> 00:16:28,320 Speaker 1: twenty twenty five. Make sure you're following the podcast and 317 00:16:28,320 --> 00:16:31,760 Speaker 1: please join us online on LinkedIn, Instagram, ex TikTok and Facebook. 318 00:16:31,920 --> 00:16:34,120 Speaker 1: I'm Michael Thompson And that was Fear and Greed. Have 319 00:16:34,200 --> 00:16:34,720 Speaker 1: a great day.