1 00:00:05,960 --> 00:00:08,760 Michael Thompson: Today on Fear and Greed. The election campaign gets into 2 00:00:08,840 --> 00:00:12,080 Michael Thompson: full swing, with security breaches and cost of living policies 3 00:00:12,080 --> 00:00:15,680 Michael Thompson: grabbing the headlines. Home auction levels fall back towards pre 4 00:00:15,880 --> 00:00:19,800 Michael Thompson: rate cut levels, and scientists build a gut robot that 5 00:00:19,840 --> 00:00:23,079 Michael Thompson: can explore people's innards. Plus a big week for the 6 00:00:23,120 --> 00:00:26,840 Michael Thompson: Reserve Bank and Radio's Big gamble is looking at touch problematic. 7 00:00:27,120 --> 00:00:29,479 Michael Thompson: Welcome to Fear and Greed. Daily business news for people 8 00:00:29,480 --> 00:00:32,159 Michael Thompson: who make their own decisions. It is Monday, the thirty 9 00:00:32,200 --> 00:00:35,120 Michael Thompson: first of March twenty twenty five. I'm Michael Thompson and 10 00:00:35,159 --> 00:00:39,239 Michael Thompson: good morning Sean Aylmer. Good morning, Michael Shawn. The main 11 00:00:39,280 --> 00:00:42,559 Michael Thompson: story this morning, three days into the election campaign and 12 00:00:42,600 --> 00:00:44,959 Michael Thompson: it's been all about the cost of living crisis. We've 13 00:00:44,960 --> 00:00:48,239 Michael Thompson: got the leaders criss crossing the country already. We are 14 00:00:48,280 --> 00:00:49,000 Michael Thompson: well into. 15 00:00:48,800 --> 00:00:51,839 Sean Aylmer: It, we sure are. The Prime Minister Anthony ALBERNISI was 16 00:00:51,880 --> 00:00:54,600 Sean Aylmer: in Queensland on Saturday. In fact, he was in Peter 17 00:00:54,720 --> 00:00:59,480 Sean Aylmer: Dutton's seat Camber most of yesterday. The big pledge over 18 00:00:59,480 --> 00:01:03,600 Sean Aylmer: the weekend was to outlaw supermarket price gouging. If re elected, 19 00:01:03,680 --> 00:01:07,560 Sean Aylmer: the government will adopt recommendations from the Australian Competition and 20 00:01:07,600 --> 00:01:11,080 Sean Aylmer: Consumer Commission's inquiry into woolies and coals which two weeks ago. 21 00:01:11,520 --> 00:01:13,560 Sean Aylmer: Three weeks ago, I think it was said it couldn't 22 00:01:13,560 --> 00:01:17,560 Sean Aylmer: conclude that they were price gouging as such. However, the 23 00:01:17,600 --> 00:01:20,680 Sean Aylmer: government wants to establish a task force to advise on 24 00:01:20,800 --> 00:01:24,240 Sean Aylmer: excessive pricing to and in once that to be policed 25 00:01:24,280 --> 00:01:28,080 Sean Aylmer: by the HABLEC. Now the focus on grocery price isn't 26 00:01:28,280 --> 00:01:30,920 Sean Aylmer: that much of a surprise. There was a Compare the 27 00:01:30,920 --> 00:01:34,319 Sean Aylmer: Market survey out over the past couple of days. It 28 00:01:34,400 --> 00:01:38,679 Sean Aylmer: put supermarket prices as the most important cost of lifting 29 00:01:38,800 --> 00:01:42,160 Sean Aylmer: issues that voters want addressed, and it was far and 30 00:01:42,200 --> 00:01:45,800 Sean Aylmer: away the most important cost of living issue, well ahead 31 00:01:45,800 --> 00:01:48,640 Sean Aylmer: of housing prices, well ahead of energy prices. Peter Dutton 32 00:01:48,720 --> 00:01:51,400 Sean Aylmer: was also in his home state of Queensland, visiting a 33 00:01:51,440 --> 00:01:53,960 Sean Aylmer: brewery in Brisbane on Saturday, then he headed to Sydney 34 00:01:53,960 --> 00:01:56,880 Sean Aylmer: most of yesterday. He was in Sydney Key City for 35 00:01:56,920 --> 00:01:59,880 Sean Aylmer: the Opposition because they need to win some of those 36 00:02:00,080 --> 00:02:03,080 Sean Aylmer: electorates in the outer suburbs of Sydney. Peter dudn't pushed 37 00:02:03,080 --> 00:02:06,640 Sean Aylmer: the line that Australians can't trust labor to manage the economy. 38 00:02:07,000 --> 00:02:09,240 Sean Aylmer: Many of their Opposition's policies are yet to be released, 39 00:02:09,240 --> 00:02:11,919 Sean Aylmer: but they've been promised that they will arrive soon. 40 00:02:12,000 --> 00:02:16,800 Michael Thompson: Michael and Sean both parties suffered security breaches over the weekend. 41 00:02:16,840 --> 00:02:18,680 Michael Thompson: This is kind of inevitable, but you don't expect it 42 00:02:18,680 --> 00:02:20,160 Michael Thompson: to happen straight. 43 00:02:19,760 --> 00:02:22,680 Sean Aylmer: Away, right, Yes, maybe it's good that it did happen 44 00:02:22,720 --> 00:02:26,080 Sean Aylmer: so quickly. People sort of launched themselves onto the stage, 45 00:02:26,280 --> 00:02:28,880 Sean Aylmer: not necessarily the stage wherever the Prime Minister and the 46 00:02:28,880 --> 00:02:33,000 Sean Aylmer: Opposition leader was to grab the camera's headlines. That means 47 00:02:33,000 --> 00:02:36,160 Sean Aylmer: we'll get more security. I mean, it's kind of irritating 48 00:02:36,280 --> 00:02:39,800 Sean Aylmer: that these people come on. I suppose the most scary. 49 00:02:39,840 --> 00:02:42,400 Sean Aylmer: One of the worst instances really involved Home Affairs Minister 50 00:02:42,440 --> 00:02:45,799 Sean Aylmer: Tony Burke, who was forced to leave an Islamic prayer 51 00:02:45,840 --> 00:02:48,640 Sean Aylmer: event on the advice of federal police when a group 52 00:02:48,720 --> 00:02:52,280 Sean Aylmer: arrived to confront him. That followed an unauthorized fly which 53 00:02:52,360 --> 00:02:56,120 Sean Aylmer: labeled him as a racist Immigration minister. Burke holds the 54 00:02:56,120 --> 00:03:00,520 Sean Aylmer: seat of Watson in Western Sydney and sort of the 55 00:03:00,560 --> 00:03:03,440 Sean Aylmer: intonation of violence was there and that's the last thing 56 00:03:03,440 --> 00:03:03,919 Sean Aylmer: we need. 57 00:03:04,480 --> 00:03:07,400 Michael Thompson: Yeah, no, it's not a good way to start the campaign. Now. 58 00:03:07,440 --> 00:03:10,360 Michael Thompson: Everyone is back at work now, Sean. We've had a 59 00:03:10,360 --> 00:03:12,079 Michael Thompson: weekend of campaign and we're all just going to have 60 00:03:12,120 --> 00:03:14,320 Michael Thompson: to get used to the election campaign. It's been going 61 00:03:14,360 --> 00:03:18,000 Michael Thompson: to go for was it six weeks? It is though, 62 00:03:18,400 --> 00:03:21,280 Michael Thompson: the largest federal election ever. 63 00:03:21,800 --> 00:03:25,520 Sean Aylmer: It sure is seven hundred and ten thousand more people 64 00:03:25,760 --> 00:03:29,000 Sean Aylmer: on the electoral roll today than in twenty twenty two. 65 00:03:29,080 --> 00:03:31,000 Sean Aylmer: If you want to vote, you've got about a week 66 00:03:31,320 --> 00:03:33,880 Sean Aylmer: to sign up with the Australian Electric Commission. Very very 67 00:03:33,880 --> 00:03:35,400 Sean Aylmer: easy to do it. I did it with my son. 68 00:03:35,560 --> 00:03:37,240 Sean Aylmer: It's going to be done by the seventh of April. 69 00:03:37,560 --> 00:03:41,119 Sean Aylmer: Now last election, ninety seven point eight percent of registered 70 00:03:41,160 --> 00:03:44,280 Sean Aylmer: voters went to the poll. Now obviously that's because of 71 00:03:44,280 --> 00:03:47,640 Sean Aylmer: compulsory voting, but that's pretty spectacular to get ninety eight 72 00:03:47,640 --> 00:03:50,920 Sean Aylmer: percent of people voting. I think it's great. The final 73 00:03:50,960 --> 00:03:54,120 Sean Aylmer: declaration of nominations occurs on eleven April. In case you 74 00:03:54,160 --> 00:03:57,640 Sean Aylmer: want to run, Michael, early voting starts on twenty two April. 75 00:03:57,800 --> 00:04:03,120 Sean Aylmer: There'll be about two hundred seventy early polling places election 76 00:04:03,240 --> 00:04:07,360 Sean Aylmer: Day May three, seven thousand poles, one hundred thousand staff, 77 00:04:07,680 --> 00:04:10,440 Sean Aylmer: two hundred and forty thousand vests. That's what the Australian 78 00:04:10,440 --> 00:04:12,760 Sean Aylmer: Elector Commission is telling us, I don't know why we 79 00:04:12,800 --> 00:04:15,120 Sean Aylmer: care about the vest, to be honest, that's. 80 00:04:14,960 --> 00:04:16,960 Michael Thompson: A lot of it's a great time to be in 81 00:04:17,080 --> 00:04:18,800 Michael Thompson: vest manufacturing. 82 00:04:18,680 --> 00:04:21,960 Sean Aylmer: Excellent time. And there's two hundred and fifty thousand pencils 83 00:04:22,240 --> 00:04:25,680 Sean Aylmer: and two hundred and forty thousand vests. Surely you need many, 84 00:04:25,680 --> 00:04:28,040 Sean Aylmer: many more pencils because I steal them all the time 85 00:04:28,640 --> 00:04:30,080 Sean Aylmer: than vest. But I wouldn't steal a vest. 86 00:04:30,920 --> 00:04:33,720 Michael Thompson: Yeah, that's one for one really pretty much in terms 87 00:04:33,760 --> 00:04:35,680 Michael Thompson: of vests and pencils. Now, I'm not going to steal 88 00:04:35,680 --> 00:04:37,599 Michael Thompson: a vest, but I will definitely walk out of the 89 00:04:37,600 --> 00:04:39,599 Michael Thompson: polling booth with a pencil in my pocket. 90 00:04:39,680 --> 00:04:44,279 Sean Aylmer: Yeah. Eighty thousand ballot boxes, one point four million security sales. 91 00:04:44,560 --> 00:04:45,080 Sean Aylmer: There you go. 92 00:04:46,320 --> 00:04:49,240 Michael Thompson: That is amazing. There's some great stats. It's going to 93 00:04:49,279 --> 00:04:52,080 Michael Thompson: be a very very very big six weeks now, Sean, 94 00:04:52,480 --> 00:04:55,839 Michael Thompson: moving away from politics, it was the busiest week of 95 00:04:55,960 --> 00:04:59,200 Michael Thompson: home auctions since the last week of October last year, 96 00:04:59,320 --> 00:05:02,200 Michael Thompson: and the prelimit clearance rate came in at a relatively 97 00:05:02,279 --> 00:05:04,200 Michael Thompson: low sixty six point one percent. 98 00:05:04,520 --> 00:05:08,839 Sean Aylmer: So these preliminary clearance rates are back to the level 99 00:05:08,920 --> 00:05:12,200 Sean Aylmer: that they were about, I mean just before the infrast 100 00:05:12,279 --> 00:05:17,160 Sean Aylmer: rate cut in early February. That doesn't augur that well. 101 00:05:17,200 --> 00:05:20,239 Sean Aylmer: What's really noticeable is that for the last few weeks 102 00:05:20,320 --> 00:05:25,159 Sean Aylmer: Melbourne's clearance rate has been above Sydney's. They're very unlike 103 00:05:25,279 --> 00:05:28,120 Sean Aylmer: last year. So six weeks ago, Sydney's preliminary clearance rate 104 00:05:28,160 --> 00:05:30,400 Sean Aylmer: was seventy six point six percent. Last week was just 105 00:05:30,440 --> 00:05:33,680 Sean Aylmer: sixty five point five percent according to Core Logic, and 106 00:05:33,760 --> 00:05:37,120 Sean Aylmer: Melbourne house prices are definitely rising faster than Sydney's, again 107 00:05:37,720 --> 00:05:40,960 Sean Aylmer: very unlike last year. Now today is the last day 108 00:05:41,000 --> 00:05:43,120 Sean Aylmer: of the month, so tomorrow we'll have all the updates 109 00:05:43,400 --> 00:05:46,120 Sean Aylmer: on how house prices went during the month of March. 110 00:05:46,360 --> 00:05:49,120 Sean Aylmer: But Melbourne is doing better than Sydney and the smaller capitals. 111 00:05:49,160 --> 00:05:53,000 Sean Aylmer: Adelaide leads away in terms of clearance rates. That's probably 112 00:05:53,040 --> 00:05:55,400 Sean Aylmer: very much like last year as opposed to unlike last year. 113 00:05:55,440 --> 00:05:58,039 Sean Aylmer: That's what Adelaide was doing last year, followed by Brisbane 114 00:05:58,040 --> 00:05:58,520 Sean Aylmer: and Canberra. 115 00:05:59,520 --> 00:06:01,160 Michael Thompson: Right, I still want to talk to you about the 116 00:06:01,200 --> 00:06:03,800 Michael Thompson: Reserve Bank. Obviously a big week for the RBA. We've 117 00:06:03,800 --> 00:06:05,719 Michael Thompson: got to talk about markets. We've got a lot still 118 00:06:05,720 --> 00:06:07,240 Michael Thompson: to cover. Actually, we'll be back in a moment with 119 00:06:07,279 --> 00:06:09,160 Michael Thompson: the rest of the day's business news. 120 00:06:15,000 --> 00:06:15,240 Sean Aylmer: Seawan. 121 00:06:15,320 --> 00:06:18,200 Michael Thompson: It's a big week, not just because of the election campaign, 122 00:06:18,320 --> 00:06:22,839 Michael Thompson: but also significantly because the Reserve Bank Board meets. 123 00:06:23,160 --> 00:06:27,679 Sean Aylmer: Alas Michael, no one thinks they'll cut rates, but but 124 00:06:27,680 --> 00:06:31,560 Sean Aylmer: but the triple butt. They might just hint at the 125 00:06:31,600 --> 00:06:35,640 Sean Aylmer: possibility of a rate cut in the future that would 126 00:06:35,640 --> 00:06:39,120 Sean Aylmer: be significant. Up until this point they keep saying, depending 127 00:06:39,160 --> 00:06:44,520 Sean Aylmer: on data, we will make a decision on cutting living 128 00:06:44,560 --> 00:06:47,279 Sean Aylmer: the same hiking rates purely on data. Well, the data 129 00:06:47,279 --> 00:06:50,200 Sean Aylmer: we've had recently has been good in terms of inflational list. 130 00:06:50,360 --> 00:06:52,320 Michael Thompson: Yeah, and of course we've got fear and greed the 131 00:06:52,320 --> 00:06:55,839 Michael Thompson: week ahead coming up after the show today, Resident economist 132 00:06:55,839 --> 00:06:59,799 Michael Thompson: Stephen could Cool is basically previewing the Reserve Banks meeting, 133 00:07:00,240 --> 00:07:02,560 Michael Thompson: what the outcomes might be, and of course the importance 134 00:07:02,560 --> 00:07:04,520 Michael Thompson: of the language that's used around it as to what 135 00:07:04,560 --> 00:07:06,839 Michael Thompson: those hints might be for what's coming up. 136 00:07:06,760 --> 00:07:09,400 Sean Aylmer: At how the SMPA six two hundred finished on Friday 137 00:07:09,480 --> 00:07:12,000 Sean Aylmer: up at touch to seven nine hundred and eighty two points. 138 00:07:12,320 --> 00:07:14,960 Sean Aylmer: Gold stocks did well. More on that surely, consumer staples 139 00:07:14,960 --> 00:07:17,640 Sean Aylmer: did well. Woollies and coals both jumped more than one percent. 140 00:07:18,320 --> 00:07:20,680 Sean Aylmer: Probably could well go down today on the back of 141 00:07:20,720 --> 00:07:22,800 Sean Aylmer: what the Prime Minister said yesterday, tech stocks and the 142 00:07:22,840 --> 00:07:24,920 Sean Aylmer: other performers among the large caps, the banks were mixed, 143 00:07:24,960 --> 00:07:27,800 Sean Aylmer: big miners a higher tel string QB did well. Goodman 144 00:07:28,000 --> 00:07:28,600 Sean Aylmer: not so well. 145 00:07:28,760 --> 00:07:31,800 Michael Thompson: A rough weekend for global markets, wasn't it. 146 00:07:32,000 --> 00:07:34,680 Sean Aylmer: Yes, this is fairly significant. So the broad based SMP 147 00:07:34,760 --> 00:07:36,840 Sean Aylmer: five hundred on Wall Street was down two percent, the 148 00:07:36,840 --> 00:07:39,840 Sean Aylmer: tech heavy NASTACK was off three percent. All the Magnificent 149 00:07:39,880 --> 00:07:44,040 Sean Aylmer: seven tech stocks fell. It came as the main measure 150 00:07:44,360 --> 00:07:47,400 Sean Aylmer: of consumer confidence in the US, The University of Michigan 151 00:07:47,440 --> 00:07:52,120 Sean Aylmer: measure showed tumbling sentiments on the back of taris. Consumers 152 00:07:52,160 --> 00:07:55,040 Sean Aylmer: expect prices to rise at an annual rate of more 153 00:07:55,120 --> 00:07:57,480 Sean Aylmer: than four percent. The last time they had a reading 154 00:07:57,560 --> 00:08:01,480 Sean Aylmer: like that was nineteen ninety three. The problem with people 155 00:08:01,520 --> 00:08:05,800 Sean Aylmer: expecting inflation is that it tends to become a self 156 00:08:05,800 --> 00:08:10,240 Sean Aylmer: fulfilling prophecy because someone thinks prices will go up. So 157 00:08:10,320 --> 00:08:12,840 Sean Aylmer: when they're negotiating wages, for example, they go and say, well, 158 00:08:12,880 --> 00:08:15,880 Sean Aylmer: prices are going up, we should have higher wages. And 159 00:08:15,960 --> 00:08:19,600 Sean Aylmer: when they're negotiating higher wages, the business person says, well, 160 00:08:19,600 --> 00:08:21,480 Sean Aylmer: we better put up our prices because we've got to 161 00:08:21,520 --> 00:08:25,800 Sean Aylmer: hate more in wages. So when people think prices are 162 00:08:25,840 --> 00:08:27,800 Sean Aylmer: going up. It's a real problem that's happening in the 163 00:08:27,920 --> 00:08:30,720 Sean Aylmer: US at the moment. Outside equities, bitcoins worth nearly eighty 164 00:08:30,720 --> 00:08:33,520 Sean Aylmer: four thousand US dollars, a unit, golf closing in on 165 00:08:33,640 --> 00:08:37,120 Sean Aylmer: three thousand, one hundred US dollars and ounce, and the 166 00:08:37,160 --> 00:08:39,640 Sean Aylmer: Aussie dollars worth just under sixty three US cents. 167 00:08:40,280 --> 00:08:43,160 Michael Thompson: No gold price is just incredible, Sean after the show, 168 00:08:43,520 --> 00:08:45,800 Michael Thompson: we have an after Fear and Greed the week ahead. 169 00:08:46,240 --> 00:08:50,200 Michael Thompson: Today's interview is an absolute must listen. You're speaking with 170 00:08:50,280 --> 00:08:54,320 Michael Thompson: Matthew tan who is a senior asset Allocation specialist at 171 00:08:54,480 --> 00:08:59,280 Michael Thompson: LGT Crestone. But it is an absolute ripper. We started this. 172 00:08:59,280 --> 00:09:02,200 Sean Aylmer: Interview with the idea of how do you invest in 173 00:09:02,240 --> 00:09:05,079 Sean Aylmer: a Donald Trump world? And as we're doing the preiminuims, 174 00:09:05,120 --> 00:09:08,440 Sean Aylmer: as Matthew and I were discussing it, he gave almost 175 00:09:08,559 --> 00:09:14,160 Sean Aylmer: the first proper intellectual parameter or prememeters for what Donald 176 00:09:14,200 --> 00:09:16,880 Sean Aylmer: Trump's doing. So it's really fascinating. So if you want 177 00:09:16,880 --> 00:09:19,520 Sean Aylmer: to make an economic argument for why Donald Trump's putting tariffs, 178 00:09:19,559 --> 00:09:23,199 Sean Aylmer: on why they're trying to cut costs through doge, Matthew 179 00:09:23,240 --> 00:09:26,920 Sean Aylmer: gives you the intellectual argument behind that. And then how 180 00:09:27,000 --> 00:09:30,360 Sean Aylmer: you play that as an investor. So it's a fantastic chat. 181 00:09:30,760 --> 00:09:33,640 Michael Thompson: And he does it in just plain English, yeah as well, 182 00:09:33,960 --> 00:09:35,800 Michael Thompson: so it is very easy to understand. It is a 183 00:09:35,840 --> 00:09:37,439 Michael Thompson: great one. So stick around for that one. It's coming 184 00:09:37,480 --> 00:09:37,840 Michael Thompson: up later. 185 00:09:38,240 --> 00:09:38,480 Sean Aylmer: Seawn. 186 00:09:38,559 --> 00:09:43,520 Michael Thompson: Two sectors of the ASX have had very differing trajectories 187 00:09:43,840 --> 00:09:46,760 Michael Thompson: so far this year. It's not a fun word to say, No, 188 00:09:46,800 --> 00:09:50,640 Michael Thompson: it's not. The Gold Index is up more than thirty 189 00:09:50,679 --> 00:09:53,680 Michael Thompson: percent while the Tech index is down ten percent. 190 00:09:54,559 --> 00:09:57,480 Sean Aylmer: Just remarkable how much momentum has turned away from tech 191 00:09:57,559 --> 00:10:00,520 Sean Aylmer: really on the back of global uncertainty around you, economic 192 00:10:00,559 --> 00:10:03,640 Sean Aylmer: and tariff policies save having then assets are benefiting. 193 00:10:03,880 --> 00:10:04,200 Michael Thompson: I e. 194 00:10:04,320 --> 00:10:07,000 Sean Aylmer: Gold just talked about it getting close to thirty one 195 00:10:07,120 --> 00:10:10,280 Sean Aylmer: hundred US dollars amounts in the local market. Gold lead 196 00:10:10,280 --> 00:10:13,120 Sean Aylmer: to Northern Star Resources is up twenty two percent this year. 197 00:10:13,679 --> 00:10:17,280 Sean Aylmer: Evolution Mining's up fifty percent. Evolution Mining is now it's 198 00:10:17,280 --> 00:10:20,760 Sean Aylmer: bigger than companies like Quantus, Jbhifi, Stockland. We don't know 199 00:10:20,840 --> 00:10:22,920 Sean Aylmer: much about it. We don't hear a lot about Evolution mining, 200 00:10:23,200 --> 00:10:26,120 Sean Aylmer: but it is up fifty percent this year and is 201 00:10:26,160 --> 00:10:29,320 Sean Aylmer: suddenly playing with those sorts of guys. Degray Mining. The 202 00:10:29,440 --> 00:10:32,720 Sean Aylmer: third largest company is up twenty four percent. In contrast, 203 00:10:32,800 --> 00:10:35,280 Sean Aylmer: the tech stocks have been hammered. Why sat Global, I mean, 204 00:10:35,559 --> 00:10:37,880 Sean Aylmer: lot going on at that company a little bit more 205 00:10:37,920 --> 00:10:40,760 Sean Aylmer: than sentiment. It's off thirty three percent, but Zero is 206 00:10:40,800 --> 00:10:45,000 Sean Aylmer: down seven percent this year. Aria's down three percent. Certainly, 207 00:10:45,520 --> 00:10:48,000 Sean Aylmer: the US techtocks aren't doing any better. Tesla's off twenty 208 00:10:48,000 --> 00:10:50,640 Sean Aylmer: eight percent still, even though it has bounced recently, it's 209 00:10:50,640 --> 00:10:52,880 Sean Aylmer: still off twenty eight percent, and videos down nine eight percent, 210 00:10:52,880 --> 00:10:56,720 Sean Aylmer: Alphabets off fourteen percent. It's just this shift towards gold 211 00:10:56,800 --> 00:10:58,800 Sean Aylmer: away from tech. It is quite stark. 212 00:11:00,200 --> 00:11:02,280 Michael Thompson: Sean, I wanted to take a quick look at what's 213 00:11:02,280 --> 00:11:04,199 Michael Thompson: going on in the world of radio at the moment. 214 00:11:04,200 --> 00:11:07,400 Michael Thompson: The two hundred million dollar expansion of Sydney Radio into 215 00:11:07,440 --> 00:11:11,480 Michael Thompson: the Melbourne Marketers. Well, it's failing, probably at best, really, 216 00:11:11,520 --> 00:11:15,480 Michael Thompson: with ARN Media's Kyle and Jackie Oh Show again rating 217 00:11:15,640 --> 00:11:19,800 Michael Thompson: poorly in the first radio ratings result of the year. 218 00:11:19,840 --> 00:11:23,880 Michael Thompson: I am surprised that it's not showing more progress because I, 219 00:11:24,080 --> 00:11:27,360 Michael Thompson: for one thought that if any show was going to 220 00:11:27,400 --> 00:11:30,120 Michael Thompson: be able to do it, there is enough celebrity star 221 00:11:30,320 --> 00:11:34,320 Michael Thompson: power around this program to expand into other markets and money. 222 00:11:34,440 --> 00:11:37,520 Sean Aylmer: They had a five million prize giveaway. They went more 223 00:11:37,600 --> 00:11:41,400 Sean Aylmer: Victorian in terms of Victorian centric segments, just didn't move 224 00:11:41,600 --> 00:11:44,680 Sean Aylmer: the needle. Now this is the second year in Melbourne 225 00:11:44,720 --> 00:11:46,839 Sean Aylmer: and you know this far better than I ever could 226 00:11:47,080 --> 00:11:49,200 Sean Aylmer: first year. In a sense you can't excuse it, but 227 00:11:49,360 --> 00:11:51,400 Sean Aylmer: it's going to take time to build an audience. It 228 00:11:51,440 --> 00:11:54,400 Sean Aylmer: just doesn't happen. And so i'd imagine year two you 229 00:11:54,520 --> 00:11:57,120 Sean Aylmer: really want them starting to make gains. Where they're getting 230 00:11:57,160 --> 00:11:59,520 Sean Aylmer: five point one percent of the Melbourne market, it's about 231 00:11:59,520 --> 00:12:04,240 Sean Aylmer: four hundred fifty thousand people. That isn't good enough given 232 00:12:04,400 --> 00:12:08,640 Sean Aylmer: the money that's being spent. The media company signed so 233 00:12:09,000 --> 00:12:12,120 Sean Aylmer: Arn signed Kyle Sandalan's and Jackie O Henderson to a 234 00:12:12,160 --> 00:12:16,040 Sean Aylmer: new ten year contract last year expanded into Melbourne. The 235 00:12:16,040 --> 00:12:21,400 Sean Aylmer: thing is Kiss has lost thousands of Melbourne listeners since 236 00:12:21,800 --> 00:12:25,679 Sean Aylmer: Kyle Sandalan's and Jackie OH went to Melbourne for the 237 00:12:25,800 --> 00:12:29,480 Sean Aylmer: Kiss radio program in the mornings. In terms of the 238 00:12:29,480 --> 00:12:32,440 Sean Aylmer: overall ratings, Aarn's Gold one oh four point three Breakfast 239 00:12:32,480 --> 00:12:35,200 Sean Aylmer: Show rose to eleven point five percent. That leads the 240 00:12:35,400 --> 00:12:38,200 Sean Aylmer: FM band, which is where Kyle and JKO are competing 241 00:12:38,240 --> 00:12:42,520 Sean Aylmer: in Melbourne. Nine Entertainment's talkbackstation three AW continues to dominate. 242 00:12:42,559 --> 00:12:44,880 Sean Aylmer: It's got about twenty point six percent share of the 243 00:12:44,920 --> 00:12:48,440 Sean Aylmer: listening audience. In Sydney, where Sandalans and Henderson are the 244 00:12:48,440 --> 00:12:51,680 Sean Aylmer: dominant FM players, their share was thirteen point three percent. 245 00:12:52,200 --> 00:12:56,320 Sean Aylmer: The dominant player overall AM two GB's Ben Fordham he 246 00:12:56,400 --> 00:12:58,120 Sean Aylmer: was on top with fourteen point four percent. 247 00:12:58,800 --> 00:13:01,280 Michael Thompson: The other one Worth mentioned as well, and this is 248 00:13:01,280 --> 00:13:04,040 Michael Thompson: one that I was watching very very closely. Ray Hadley 249 00:13:04,080 --> 00:13:06,920 Michael Thompson: on two GB retired at the end of last year. 250 00:13:06,960 --> 00:13:09,720 Michael Thompson: His replacement is a great broadcaster by the name of 251 00:13:09,720 --> 00:13:14,160 Michael Thompson: Mark Levy, and he took over from Ray and he 252 00:13:14,400 --> 00:13:17,400 Michael Thompson: managed to hold on to pretty much all of Ray's audience, 253 00:13:17,720 --> 00:13:21,040 Michael Thompson: which considering Ray had been in that slot for decades 254 00:13:21,600 --> 00:13:23,840 Michael Thompson: and has been leading and had been number one for 255 00:13:23,920 --> 00:13:27,040 Michael Thompson: so so long. For Mark to come in and basically 256 00:13:27,120 --> 00:13:30,760 Michael Thompson: hold on to that entire audience, it was a spectacular achievement. 257 00:13:30,920 --> 00:13:33,400 Michael Thompson: So well doneder him, well done, all right, turning to 258 00:13:33,440 --> 00:13:36,760 Michael Thompson: international news now, Sean Lee, this is extraordinary. The Trump 259 00:13:36,800 --> 00:13:40,560 Michael Thompson: administration has sent a letter to some large companies in 260 00:13:40,640 --> 00:13:44,559 Michael Thompson: the EU warning them to comply with an executive order 261 00:13:45,600 --> 00:13:48,560 Michael Thompson: banning diversity, equity and inclusion programs. 262 00:13:48,800 --> 00:13:51,560 Sean Aylmer: The letter, sent by the American embassy in Paris and 263 00:13:51,640 --> 00:13:55,400 Sean Aylmer: others around the EU said that Donald Trump's executive order 264 00:13:55,559 --> 00:13:59,280 Sean Aylmer: applied to companies outside the US if they were a 265 00:13:59,320 --> 00:14:03,120 Sean Aylmer: supplier or service provider to the American government. According to 266 00:14:03,120 --> 00:14:05,640 Sean Aylmer: the FT, the embassy has also sent a questionnaire that 267 00:14:05,800 --> 00:14:09,480 Sean Aylmer: ordered the companies to attest to their compliance. The letter 268 00:14:09,559 --> 00:14:12,800 Sean Aylmer: was also sent by US diplomats in eastern EU States 269 00:14:12,840 --> 00:14:16,000 Sean Aylmer: and Belgium. It's actually a bit speechless on it. In 270 00:14:16,040 --> 00:14:18,320 Sean Aylmer: the statement, the French Foreign Trade minister said, and I 271 00:14:18,360 --> 00:14:22,880 Sean Aylmer: quote American interference in the inclusion policies of French companies, 272 00:14:23,400 --> 00:14:27,480 Sean Aylmer: such as threats of unjustified tariffs, is unacceptable. 273 00:14:28,600 --> 00:14:31,880 Michael Thompson: It's certainly a massive week sewn for US foreign policy, 274 00:14:31,920 --> 00:14:35,800 Michael Thompson: with President Donald Trump promising to outline reciprocal tariffs on 275 00:14:36,040 --> 00:14:38,840 Michael Thompson: Liberation Day, which is April the second. 276 00:14:39,040 --> 00:14:41,560 Sean Aylmer: Yes. Over the weekend, Trump told reporters that he's open 277 00:14:41,680 --> 00:14:45,000 Sean Aylmer: to negotiations that will reduce the tariffs he's planning to 278 00:14:45,080 --> 00:14:48,600 Sean Aylmer: implement on countries. We all wait with baited breath on 279 00:14:48,640 --> 00:14:49,320 Sean Aylmer: that one, Michael. 280 00:14:50,320 --> 00:14:50,840 Michael Thompson: Indeed we do. 281 00:14:51,320 --> 00:14:53,680 Sean Aylmer: Michael. I've got a question, baited breath. I've used that forever. 282 00:14:53,760 --> 00:14:56,680 Sean Aylmer: Do you know where it comes from? 283 00:14:56,960 --> 00:14:58,960 Michael Thompson: No, I don't know. I could take a guess and 284 00:14:59,000 --> 00:15:00,760 Michael Thompson: you would just have a guess I would be wrong. 285 00:15:00,920 --> 00:15:03,880 Sean Aylmer: Oh well I won't. I won't let you get yeah, Shakespeare, 286 00:15:04,360 --> 00:15:06,400 Sean Aylmer: Merchant of Venice. I never knew that. It was one 287 00:15:06,440 --> 00:15:09,560 Sean Aylmer: of those sayings that my father always used, and I 288 00:15:09,640 --> 00:15:12,760 Sean Aylmer: was using it today, anaf Where does that come from? 289 00:15:13,160 --> 00:15:15,320 Michael Thompson: Shakespeare? From Merchant of Venice? 290 00:15:15,320 --> 00:15:17,720 Sean Aylmer: There you go, b A T E D as well, 291 00:15:17,760 --> 00:15:19,880 Sean Aylmer: not BAI or anything like b A T ed. 292 00:15:21,040 --> 00:15:24,480 Michael Thompson: Look, we've all learned something today, just that. But if 293 00:15:24,480 --> 00:15:27,960 Michael Thompson: nothing else, you've learned that, let's talk guts gut health. 294 00:15:28,480 --> 00:15:33,560 Michael Thompson: Sean scientists have built a tiny gut explorer robot to 295 00:15:33,680 --> 00:15:38,320 Michael Thompson: detect and potentially treat bowel cancer, which is just extraordinary 296 00:15:38,360 --> 00:15:41,440 Michael Thompson: and it's the latest advanced in the fast evolving field 297 00:15:41,680 --> 00:15:43,760 Michael Thompson: of medical robotics. This is amazing. 298 00:15:43,880 --> 00:15:47,280 Sean Aylmer: The machine makes three D scans of the colon that 299 00:15:47,360 --> 00:15:50,960 Sean Aylmer: were previously impossible, using its muscle shell like shape to 300 00:15:51,160 --> 00:15:54,800 Sean Aylmer: roll through the digestive system when guided by a magnet 301 00:15:55,160 --> 00:15:58,200 Sean Aylmer: outside the body. Pretty incredible, isn't it. The innovation could 302 00:15:58,200 --> 00:16:00,960 Sean Aylmer: be this detection of bowel cancer, which is treatable in 303 00:16:01,000 --> 00:16:03,280 Sean Aylmer: its early stages, but it's also the second biggest cause 304 00:16:03,320 --> 00:16:06,880 Sean Aylmer: of cancer deaths worldwide, according to the FTEM. Developers that 305 00:16:07,000 --> 00:16:10,400 Sean Aylmer: leads Glasgow and Edinburgh Universities hope to launch human trials 306 00:16:10,440 --> 00:16:14,480 Sean Aylmer: of the coin sized robot next year after successful testing 307 00:16:14,560 --> 00:16:18,480 Sean Aylmer: on pigs. The machine is three D printed from resin 308 00:16:18,560 --> 00:16:22,360 Sean Aylmer: in a shape nan andsy olloid o lid olloid, which 309 00:16:22,560 --> 00:16:25,400 Sean Aylmer: allows a wide range of movement and contact with services. 310 00:16:25,880 --> 00:16:27,600 Sean Aylmer: I just think this is amazing that you can put 311 00:16:27,640 --> 00:16:31,040 Sean Aylmer: a magnet outside your body and use it to direct 312 00:16:31,120 --> 00:16:34,560 Sean Aylmer: a robot taking images inside your body around the place. 313 00:16:35,720 --> 00:16:38,960 Michael Thompson: That is just incredible. Love that story, Sean. All right. 314 00:16:39,120 --> 00:16:41,400 Michael Thompson: Up next is Fear and Greed The Week Ahead with 315 00:16:41,440 --> 00:16:45,200 Michael Thompson: Stephen Cocoulis. Following that is our daily interview. Today's guest 316 00:16:45,240 --> 00:16:48,360 Michael Thompson: Matthew Tan from LGT Crestone plents your good listening coming 317 00:16:48,440 --> 00:16:50,680 Michael Thompson: up in the Fear and Greed playlist on your podcast 318 00:16:50,680 --> 00:16:53,160 Michael Thompson: platform or at Fearangreed dot com dot au, which is 319 00:16:53,160 --> 00:16:55,840 Michael Thompson: where you sign up for our free newsletter as well. 320 00:16:55,920 --> 00:16:57,960 Michael Thompson: That is a must do. Thank you very much, Sean. 321 00:16:58,080 --> 00:16:58,640 Sean Aylmer: Thanks Michael. 322 00:16:58,840 --> 00:17:01,240 Michael Thompson: It's Monday, the thirty first March twenty twenty five. Make 323 00:17:01,240 --> 00:17:03,360 Michael Thompson: sure you're following the podcast and please join us online 324 00:17:03,400 --> 00:17:06,800 Michael Thompson: on LinkedIn, Instagram, x TikTok and Facebook. I'm Michael Thompson, 325 00:17:06,800 --> 00:17:10,639 Michael Thompson: and that was fear and greed. Have a great day.