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Speaker 1: The federal government is under pressure on potential negative gearing

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Speaker 1: changes and energy rebates. The Reserve Bank warns on AI

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Speaker 1: and the Star Group finally gets a two hundred million

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Speaker 1: dollar financial package and then gets hit with a sixty

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Speaker 1: million dollar tax bill. Welcome to Fear and Greed. Daily

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Speaker 1: business news for people who make their own decisions. It

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Speaker 1: is Friday, the twenty seventh of September twenty twenty four.

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Speaker 1: Are Michael Thompson and Good Morning, Sean Aylmer.

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Speaker 2: Good morning, Michael, Sean.

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Speaker 1: The main story this morning. Prime Minister Anthony Abernezi was

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Speaker 1: yesterday fighting hard to deflect the debate about changes to

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Speaker 1: negative gearing or capital gains tax, after it emerged that

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Speaker 1: the government had requested modeling from Treasury.

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Speaker 2: Mister Albernizi said he wasn't sure who had made the

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Speaker 2: request and he has no plans to make changes, though,

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Speaker 2: as analysts pointed out, his words were very similar to

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Speaker 2: those used towour months ago about the Stage three tax cuts.

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Speaker 2: Back then, he promised no changes to the tax cuts,

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Speaker 2: but ultimately the government did alter how those tax cuts

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Speaker 2: were implemented. Negative gearing, as it pertains to housing, allows

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Speaker 2: property investors to deduct losses from running their rental properties

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Speaker 2: against their personal income. When they sell the property, the

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Speaker 2: same monus benefit from the capital gains tax discount. The

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Speaker 2: story was in nine newspapers on Wednesday. It's running really

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Speaker 2: hard at the moment. Oppositionallyder Peter Dutton gave what he

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Speaker 2: called an absolute guarantee not to change negative gearing. He

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Speaker 2: said it doesn't pass the pub test. Greens Housing spokesman

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Speaker 2: Max Chandler Matham repeated calls for the Labor government to

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Speaker 2: negotiate with his party over negative gearing, saying the Greens

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Speaker 2: don't expect to get everything that they want. That's exactly

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Speaker 2: what the government doesn't want to be hearing the fact

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Speaker 2: that the Greens want to negotiate with him. That gives

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Speaker 2: Peter Dutton a lot more ammunition. We're going to hear

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Speaker 2: a lot about this one and lead up to the election.

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Speaker 2: While it might be good policy, it is political dynamite

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Speaker 2: because two point three million Australians own an investment home

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Speaker 2: and about forty eight billion dollars in rental deductions are

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Speaker 2: claim every year.

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Speaker 1: I just enjoy the idea of the Prime Minister saying

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Speaker 1: he wasn't sure who made the request. It does feel

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Speaker 1: a little bit like kind of plausible deniability there and

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Speaker 1: just other fingers in his don't tell me, I don't

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Speaker 1: want to know. It'll be very interesting to see how

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Speaker 1: that one plays out now. The federal government, while we're

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Speaker 1: on this topic, Sean is also under pressure to extend

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Speaker 1: billions of dollars in energy subsidies into next year to

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Speaker 1: prevent a surge in cost for consumers.

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Speaker 2: Okay, so, treasure Jim Chalmers was very happy this week

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Speaker 2: about the headline inflation rate in the June quarter falling

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Speaker 2: to two point seven per cent. But unless the subsidies

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Speaker 2: are kept well out of pocket, electricity costs are going

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Speaker 2: to rise sharply when they end. In fact, my estimate

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Speaker 2: is forty seven percent next year. That is not something

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Speaker 2: that the government wants to see now. The drop of

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Speaker 2: the headline rate of inflation reflected federal government energy rebates

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Speaker 2: and state grants in Queensland and Western Australia. Doctor Chalmers

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Speaker 2: said there was nothing artificial about helping people with their

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Speaker 2: power bills, true, but it definitely artificially cut inflation and

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Speaker 2: underlying inflation. The measure that the Reserve Bank likes is

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Speaker 2: still at three point four percent. Way above the reserve

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Speaker 2: banks two to three percent target range. So now there's

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Speaker 2: all sorts of pressure on the federal government to extend

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Speaker 2: the billions of dollars in energy subsidies so that we

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Speaker 2: don't get a big hike in inflation next year.

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Speaker 1: All right, Let's take a look at local markets. How

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Speaker 1: do they perform? Yesterday?

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Speaker 2: The s and PASX two hundred rows one percent to

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Speaker 2: eighty two hundred and four points, led higher by news

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Speaker 2: that Beijing will implement steps to boost the Chinese economy.

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Speaker 2: That helped the big miners, with Forest Few Metals Group

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Speaker 2: up three percent and BHP in Rio Tinto rising around

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Speaker 2: two percent on all futures jump towards ninety seven US

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Speaker 2: dollars a tom. Consumer discretionary stocks also did well. West

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Speaker 2: Farmers was up one half percent, Aristocrat Leisure in dabe

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Speaker 2: Hi Fi both rows three percent of fall, and oil

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Speaker 2: prices hurt. Woodside and Santai both were among the worst

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Speaker 2: performers on the ASX two hundred yesterday. The big banks

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Speaker 2: were mixed, while Aria and Weistech Global surged. Plenty of

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Speaker 2: corporate stuff going on. Michael, the Competition watchdog has given

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Speaker 2: clearance to lend Lisa's one point three billion dollar sale

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Speaker 2: of twelve residential master planned community projects to Stockland and

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Speaker 2: the Taiange Group. Aria Group struck a deal to acquire

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Speaker 2: a nineteen point nine percent interest in Digital non bank

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Speaker 2: lend Or Athena Home for sixty two million dollars. Platinum

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Speaker 2: Masset Management rejected a takeover bid from Regal Partners, saying

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Speaker 2: the deal undervalues Platinum. The implied bid price of a

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Speaker 2: dollar tennis share was about about a ten percent premium

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Speaker 2: to Platinum's previous closing price before the bid was made.

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Speaker 2: The statement from Platinum yesterday though it certainly opens further

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Speaker 2: bids going forward. In fact, it said it's still open

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Speaker 2: to another bid. And Into Energy, the country's fourth largest

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Speaker 2: electricity in gas retailer and Japan's largest power generation company JIRA,

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Speaker 2: have been waded a license to develop an offshore wind

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Speaker 2: project that could power ol Coha's Portland Aluminium Smellton and

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Speaker 2: not in the list. It's based but interesting all the same.

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Speaker 2: Gold Coast Airport owner Queensland Airports has been bought by

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Speaker 2: private equity groups KKR, Colberg, Cravis Roberts and Skip Capital

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Speaker 2: for about three billion dollars Ozzie Suba was considered favorite

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Speaker 2: to buy the business, but the US based groups won out.

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Speaker 1: It's a very big twenty four hours, right, There's just.

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Speaker 2: So much going on, kind of not like the hands down,

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Speaker 2: big big corporate story, but just lots of other stuff happening.

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Speaker 1: Yeah, lots of stuff going on. Checking international markets now

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Speaker 1: thanks to blue Chip Communication, the experts helping financial services

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Speaker 1: companies market, communicate and grow. Visit blue Chip Communication, dot com,

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Speaker 1: dot au and globally, it's really all about China, isn't it?

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Speaker 2: Sure is Beijing yesterday stepped in to resurrect the world's

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Speaker 2: second largest economy, with President Jijingping and China's top leaders

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Speaker 2: calling for sufficient school spending, measures to stabilize the property sector, and,

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Speaker 2: as they put it, forceful rate cuts. The twenty four

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Speaker 2: man Pollop Bureau promised to complete the country's annual economic

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Speaker 2: goals that is five percent growth this year, and China

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Speaker 2: will also push for the real estate market to stop

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Speaker 2: declining in what appears to be the most forceful vow

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Speaker 2: yet to stem the free fall and the property market

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Speaker 2: and try to stabilize prices. The news helped commodity prices

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Speaker 2: across the board also helped the Ausie dollar, which is

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Speaker 2: trading just under sixty nine US sense. Global equity markets

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Speaker 2: also rarely done the news with the Shanghai Index jumping

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Speaker 2: more than three percent.

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Speaker 1: Just quick mention of your interview that you've got coming

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Speaker 1: up after the show today, Shawn. Something a little bit different.

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Speaker 1: You're speaking with Kaylor Dengate from LinkedIn.

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Speaker 2: It's really fascinating. So LinkedIn, a company with plenty of data,

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Speaker 2: knows the source of jobs people are looking for. It

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Speaker 2: rates the top twenty startup companies as per activity LinkedIn

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Speaker 2: active around those companies. No, A big part of that

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Speaker 2: is people wanting to go and work for those companies.

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Speaker 2: And we run through some of them and fascinating some

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Speaker 2: of them. My personal favorite the death tech companies, the

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Speaker 2: companies that are all about preparing people sort of painting

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Speaker 2: before they pass on. But there's a bunch of really

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Speaker 2: fascinating companies in there. We talk about who they are,

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Speaker 2: what they want from applicants, what applicants want from them.

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Speaker 2: It's a great chat with.

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Speaker 1: Kayla, Yeah, and talking about lab grown meat and hypersonic

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Speaker 1: rockets and things like. It's just there, really really interesting stuff,

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Speaker 1: so well worth a listener's coming up after the show,

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

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Speaker 1: of the day's business news. Sean. The Reserve Bank has

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Speaker 1: worn the digital economy including AI, surging global equity markets,

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Speaker 1: and the weak economy in China all pose threats to

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Speaker 1: Australia's financial stability. The Central Bank yesterday released its Financial

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Speaker 1: Stability Report and it nominated three vulnerabilities with your potential

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Speaker 1: to significantly impact Australian One is his digital economy, including

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Speaker 1: artificial intelligence, which has made things increasingly complex and interconnected.

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Speaker 1: While it leads to speed and efficiency, there's a downside

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Speaker 1: means there's more risk if a major player goes wrong,

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Speaker 1: so we all rely on a third party and if

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Speaker 1: something goes wrong there, well, that actually hits more of us.

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Speaker 1: We saw that with his carrowd strike problems a few

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Speaker 1: months ago. The Reserve Bank also worried about the low

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Speaker 1: risk premier. How they put it low premier in equity

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Speaker 1: and credit markets. That really is about the fact that

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Speaker 1: those markets are pretty strong at the moment and maybe

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Speaker 1: that risk reward spectrum isn't working quite as well as

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Speaker 1: it should. Also worried about the imbalance in China's financial sector,

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Speaker 1: Overall in Australia, the share of borrow was experiencing severe

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Speaker 1: financial stress remains manageable. There's growing number of people falling

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Speaker 1: behind a mortgage payments, but it remains pretty.

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Speaker 2: Small according to Reserve Bank. While businesses are generally healthy,

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Speaker 2: managing cash flow is becoming a problem. Most of the

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Speaker 2: pressure is on the smaller end of the market. Some

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Speaker 2: of the pressures are expected to ease in coming months,

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Speaker 2: so the economic outlook remains very uncertain.

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Speaker 1: Now I mentioned Star Entertainment Group at the top of

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Speaker 1: the show Sean the group has secured a two hundred

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Speaker 1: million dollar financial rescue package, though the new new management

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Speaker 1: has plenty of work to do to make the business

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Speaker 1: viable in the long term.

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Speaker 2: Yes, so, corporate lenders have agreed to a new debt

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Speaker 2: facility in two tranchas of one hundred million dollars each.

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Speaker 2: The first will be available subject to conditions from next

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Speaker 2: month and the interest rate on the loan is thirteen

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Speaker 2: point five percent, way above commercial rates. Now that clearly

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Speaker 2: demonstrates how risky the loan is, at least according to

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Speaker 2: the lenders. Over the past month, plenty going on with

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Speaker 2: his company. A second in New South Wales Independent Casino

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Speaker 2: Commission inquiry by Barrister Adam Bell sc found that the

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Speaker 2: group was continuing to fail the standards required of a

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Speaker 2: casino operator. It failed to rule off its twenty twenty

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Speaker 2: four financial accounts and it's also we found out yesterday

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Speaker 2: failed to do a deal with the Queensland government over

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Speaker 2: tax relief, with the Miles government saying it won't continue

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Speaker 2: negotiations with The Star. The state had been expected to

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Speaker 2: defer the payment of some sixty million dollars in tax.

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Speaker 2: The Star has just been landed with that sixty million

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Speaker 2: dollar tax bill.

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Speaker 1: Ouch and Star finally released its financial year accounts after

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Speaker 1: striking that financial deal.

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Speaker 2: Yes only twenty six days late. Michael, not too bad,

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Speaker 2: who's counting. It devalued its assets by more than a

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Speaker 2: billion dollars and said it plans to cut one hundred

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Speaker 2: million dollars in costs within six months. Overall, for the

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Speaker 2: last financial year, it posted a one point seven billion

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Speaker 2: dollar loss. Apart from the right downs, the amount of

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Speaker 2: revenue from its casina across Sydney, Brisbane and the Gold

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Speaker 2: Coast had deteriorated at a time when operating and remediation

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Speaker 2: costs had risen. Everything going against the star at the moment.

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Speaker 1: Yeah, indeed, Now, Sean, if you walked up to any

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Speaker 1: regular Joe in the street and said, what do you reckon? Brickworks, does.

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Speaker 2: Do you reckon? They would get it right, You'd hope so,

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Speaker 2: you would hope.

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Speaker 1: So, because Brickworks is the country's largest brickmaker, it does

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Speaker 1: exactly what it says on the tin. Anyway, that's the

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Speaker 1: intro to the next story. Because Brickworks has announced its

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Speaker 1: first loss in decades after writing down its property portfolio

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Speaker 1: and building products business.

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Speaker 2: So I suppose the point here is that Brickworks does

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Speaker 2: more than make bricks.

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Speaker 1: Oh. You you had to complicate things, didn't you, Sean.

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Speaker 1: Here I was satisfied at last that Brickworks, which makes bricks,

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Speaker 1: is named after exactly what it does, and he just

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Speaker 1: had to just go, No, it actually does other things

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Speaker 1: as well.

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Speaker 2: But I'd say brickworks and then the main thing ostil

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Speaker 2: stuff like that, ikon, that's a main business that'll do.

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Speaker 1: If you made bricks, put the word bricks in your

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Speaker 1: company name.

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Speaker 2: Done. That's right now, first net loss. But the good

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Speaker 2: news is that the underlying profit hit expectations, and in

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Speaker 2: fact brick Works up its dividend paid out. Still, the

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Speaker 2: company made a full year loss of one hundred and

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Speaker 2: nine eight million dollars, compared to a three hundred and

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Speaker 2: ninety five million dollar profit the previous year. Brickworks also

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Speaker 2: has investments in other companies, including Washington H. Soul Pattinson,

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Speaker 2: the core brick business in Australia and North America. Michael,

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Speaker 2: You'll be happy to know up earnings, but chief executive

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Speaker 2: Mark Eleanor said the housing market isn't likely to improve

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Speaker 2: significantly over the next twelve months. Brickworks share price jumped

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Speaker 2: seven percent yesterday. Investors liked what they heard.

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Speaker 1: You mentioned Washington H. Soul Pattinson, one of Brickworks major shareholders.

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Speaker 1: It said its net profit fell twenty eight percent for

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Speaker 1: its financial year.

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Speaker 2: Yes, well, that reflects Brickworks lack of contribution to earnings

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Speaker 2: given it made a loss. Washington Soul Pats is an

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Speaker 2: old style conglomerate. It's got steakes in New Hope TPG,

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Speaker 2: Telegom Pangana Capital along with Brickworks, but its net profit

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Speaker 2: last year felt sharply because of that stake in Brickworks.

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Speaker 1: Mosaic Brands, the struggling women's retail group behind Katie's, Nony,

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Speaker 1: b Rivers and More, is hoping to stave off financial

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Speaker 1: collapse by asking global suppliers to accept terms where they'll

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Speaker 1: be paid as little as one third of what they're owed.

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Speaker 2: Mosaic Brand's chief executive Erica Birchtold, and the company's chief

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Speaker 2: financial officer, David Clark, have engaged in negotiations with suppliers

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Speaker 2: from China, India and Bangladesh. There are tens of millions

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Speaker 2: of dollars. Those negotiations have been going on over the

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Speaker 2: past month, with some suppliers asked to accept reduced payment terms.

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Speaker 2: According to a story in the Sydney Morning Herald and

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Speaker 2: The Age, in most cases, Mosaic Brands, which also operates

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Speaker 2: Rockman's and Miller's, has sold the garments received from the

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Speaker 2: supplies and bank the proceeds without paying for them. Makesaic Brands,

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Speaker 2: which employees four thousand staff has about seven hundred stores,

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Speaker 2: A very large specialty fashion retailer in this country, final

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Speaker 2: to lodge its financial accounts last month. With the ax

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Speaker 2: its shares are suspended. The overseeing body in Bangladesh has

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Speaker 2: complained about the fact that it hasn't paid its bills.

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Speaker 1: How about this one sean two fierce competitors could end

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Speaker 1: up as table mates with the A Triple C looking

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Speaker 1: into whether it should allow Sanitarium, the owner of Wheatbix,

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Speaker 1: to buy the Vitebrits brand, intellectual property and goodwill from

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Speaker 1: Nesle Australia.

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Speaker 2: We are Wheatbeks. Are a viter Britz family. Very big,

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Speaker 2: very big thing. In my childhood we were purely a

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Speaker 2: Vita Britz family.

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Speaker 1: Oh really, Oh no, no, no, no no. We are wheatbiks.

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Speaker 1: We were wheat books. We still are wheat bis. I

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Speaker 1: have Wheatbix every morning for breakfast.

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Speaker 2: Old school. Do you have sugar on them?

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Speaker 1: I have, Sean, I have wheatbis, and then I have yogurt,

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Speaker 1: and then I have whatever fruit on top. It might

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Speaker 1: be banana. Sometimes it's pair. I slice up a pair.

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Speaker 1: Sometimes if I'm feeling particularly fancy, it will be an

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Speaker 1: assortment of berries.

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Speaker 2: Not a lot of.

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Speaker 1: Taste in either Vita Bits or wheat Bigs, but I

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Speaker 1: just add the flavor. And sometimes as we head into summer,

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Speaker 1: I actually put grapes on it, cut up grapes. Yeah,

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Speaker 1: it's like it's summer in a bowl, Sean.

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Speaker 2: Summer in a Bowl. The Competition watch Dog is deciding

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Speaker 2: whether a merger of the two would lead to higher

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Speaker 2: prices or hit to quality Ironic hit to quality. Both

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Speaker 2: are among leading cereal brands across the country. Sanitarium produces

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Speaker 2: and supplies wheatbiks, and Michael in a shop to me

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Speaker 2: it actually Sentarium makes wheat picks. It also makes Vita

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Speaker 2: briits Vanesla. So disappointed when I heard that Australian Health

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Speaker 2: and Nutrition Association Limited, which trades as Sanitarium, is a

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Speaker 2: registered not for profit organization wholly owned by the Seventh

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Speaker 2: day Adventist Church. It's wheat Fix brand, which were first

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Speaker 2: Soul ninety eight years ago, is the leading wheat biscuit

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Speaker 2: brand in Australia. Michael, So, while I like vider Briots,

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Speaker 2: you are in the majority.

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Speaker 1: And rightly so. Did you know, Sean and I noticed

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Speaker 1: this yesterday and I commented on it to Shan, which

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Speaker 1: probably tells you we have very dull conversations in our household.

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Speaker 1: I was opening a new box of wheat Pix yesterday

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Speaker 1: morning and I remarked on the fact to her that

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Speaker 1: after all these years Sanitarium Wheatbix that the packages are

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Speaker 1: still not actually sealed, because once you open the box,

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Speaker 1: the bag inside is never actually sealed. It's just folded over.

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Speaker 2: I know exactly what you mean.

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Speaker 1: Yeah, yeah, which tell you, like, because you know every

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Speaker 1: other cereal brand, you've then got to kind of snip

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Speaker 1: the top off if you're getting neutri grains or anything like.

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Speaker 2: That, and you rip it the wrong way, and so

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Speaker 2: you've got the whole like three weeks where the cereal

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Speaker 2: falling out the wrong way.

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Speaker 1: Indeed, and wheatbis it is just a folded over bag,

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Speaker 1: which tells you something about the shelf life of these things,

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Speaker 1: and just you could actually probably pass the past wheatbiks

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Speaker 1: on to kind of brickworks for use in construction, because

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Speaker 1: these things are unbeatable. Like if they can survive being

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Speaker 1: exposed to just air inside their boxes for months and

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Speaker 1: months and months on end without going stale, I reckon,

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Speaker 1: maybe they're not real.

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Speaker 2: Good when they get wet. They're probably not going to

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Speaker 2: hold much up when they get wet anyway. Goodness, International news.

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Speaker 1: Gosh, take a moment there, International news time and a

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Speaker 1: change of pace now showing a very serious story. The

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Speaker 1: US and France have led international calls for a twenty

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Speaker 1: one day ceasefire between Israel and the Lebanese militant group HESBLA.

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Speaker 1: It came hours after an Israeli military chief told troops

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Speaker 1: to prepare for a potential ground offensive in Lebanon.

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Speaker 2: The initiative, backed by the G seven, EU, three Arab

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Speaker 2: nations and Australia, called for a swift endorsement of the

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Speaker 2: truce in a statement issued on the sidelines of the

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Speaker 2: UN General Assembly in New York. According to The Financial Times,

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Speaker 2: one senior US Administration official said a temporary ceasefire could

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Speaker 2: shape things up and create space for a long term

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Speaker 2: resolution to the conflict between Israel and Hesblah, while helping

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Speaker 2: the threat of a wider regional war. The Bided Administration

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Speaker 2: described the initiative as a significant breakthrough.

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Speaker 1: And finally, Sean Google has filed a formal complaint against

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Speaker 1: Microsoft with the European Union's top antitrust regulator, escalating a

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Speaker 1: long running dispute over the cloud computing businesses a.

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Speaker 2: Bit of an irony in this one. In the complaint,

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Speaker 2: the search giant accuses Microsoft of abusing its market power

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Speaker 2: in enterprise software to push businesses to use its as

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Speaker 2: your Cloud platform to keep them locked in there. The

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Speaker 2: anti trust complaint is a turnaround for Google, which nearly

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Speaker 2: two decades ago became a sustained target of EU anti

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Speaker 2: trust action, in parts stemming from complaints supported by Microsoft.

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Speaker 2: This is all according to the Wall Streets Journal. The

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Speaker 2: two companies for a time made peace, but the accord

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Speaker 2: has unraveled recently. Microsoft said it had settled similar concerns

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Speaker 2: with European cloud providers and expected that Google's complaint would

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Speaker 2: fail to persuade the European Commission. Dat you love it

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Speaker 2: when these big tech platforms take on each other, particularly

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Speaker 2: over anti trust stuff, on competition stuff.

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Speaker 1: God, it's just what do they call that? A lawyer's picnic,

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Speaker 1: isn't it?

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Speaker 2: You'd think so?

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Speaker 1: Oh extraordinary? Now, Sean, we've had a few MEA mugs

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Speaker 1: heading out the door lately. Me is our most enthusiastic

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Speaker 1: advocate and the mugs are a are a symbol of

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Speaker 1: our appreciation for those people who have helped to spread

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Speaker 1: the word about fear and greed. And I've got to

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Speaker 1: say they are a prized possession. Indeed, these are rare.

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Speaker 1: They are limited addition, only because we only or a

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Speaker 1: certain number of them, and those who are receiving them

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Speaker 1: are very lucky.

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Speaker 2: Indeed, look, I have a special person, or I have

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Speaker 2: a special nomination for a person. Henrietta. She knows exactly

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Speaker 2: who she is now. I knew Henrietta from many years

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Speaker 2: ago as a journalist, and I reckon. Within the first

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Speaker 2: week of Fear and Greed going to air, she got

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Speaker 2: in touch with me and she said, Sean, that is fantastic.

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Speaker 2: I'm really enjoying it. She still, four years, four months later,

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Speaker 2: still listens to us every day. And the other day

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Speaker 2: she messaged me and said, you know, I've been listening

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Speaker 2: to you forever and other people getting me and Margs,

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Speaker 2: and I actually thought, you know, she has been pushing

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Speaker 2: our praises for a long long time. So Henrietta, thank

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Speaker 2: you very much for everything you've done. And you certainly

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Speaker 2: have a Me and Mug on the way.

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Speaker 1: Oh absolutely, I feel like we have kind of corrected

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Speaker 1: an injustice.

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Speaker 2: That's exactly right. I actually think think Henry, it was

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Speaker 2: the first person that ever got in touch with me

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Speaker 2: after we put the podcast out to say well done.

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Speaker 1: That kind of early feedback, it's fantastic. It makes an

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Speaker 1: awful lot of difference.

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Speaker 2: So I thank feedback not just the early feedback, all

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Speaker 2: the feedback, all feed.

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Speaker 1: But we do actually love hearing most of them, and

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Speaker 1: we are now bribing people with me for that feedback,

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Speaker 1: particularly praise. So Henrietta, thank you very much for listening,

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Speaker 1: and a Me and MUGAs on its way to you.

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Speaker 1: Up next is a Fear and Greed daily interview Kaylor

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Speaker 1: Dengate from LinkedIn. Asy guests.

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Speaker 2: Yes, all about the most popular or the best startups

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Speaker 2: as per the way LinkedIn harensom, which is I mean

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Speaker 2: it's based on people wanting to work for these companies.

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Speaker 2: I suppose that's how you'd put it. It's a fascinating,

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Speaker 2: fascinating chat about rocket companies and death tech and you

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Speaker 2: meet substitutes and stuff like that.

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Speaker 1: Yeah, really interesting stuff. Up next in the Fear and

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Speaker 1: Greed playlist on your podcast platform or at Fearangreed dot

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Speaker 1: com dot are you? Thank you, Sean, thank you.

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Speaker 2: Michael.

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Speaker 1: It is Friday, the twenty seventh of September twenty twenty.

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

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

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Speaker 2: I'm Michael Pumpson.

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Speaker 1: That was fhear and Greg have a great day,