1 00:00:06,240 --> 00:00:09,600 Speaker 1: Today on Fear and Greed. Australia is being left behind 2 00:00:09,640 --> 00:00:12,319 Speaker 1: on interest rates, with more than a dozen nations now 3 00:00:12,360 --> 00:00:15,040 Speaker 1: in a cutting cycle. The boss of an Australian mining 4 00:00:15,040 --> 00:00:17,919 Speaker 1: company is being held by the military government in Mali, 5 00:00:18,280 --> 00:00:20,840 Speaker 1: and beer drinkers are brewing their own to cope with 6 00:00:20,840 --> 00:00:23,279 Speaker 1: the cost of living crisis. Plus more on market and 7 00:00:23,360 --> 00:00:26,119 Speaker 1: the wash up to last week's US selection. Welcome to 8 00:00:26,160 --> 00:00:28,320 Speaker 1: Fear and Greed. Daily business news for people who make 9 00:00:28,320 --> 00:00:31,200 Speaker 1: their own decisions. It's Monday, the eleventh of November twenty 10 00:00:31,240 --> 00:00:34,080 Speaker 1: twenty four. I'm Adam Lang and good morning Sean Almer. 11 00:00:34,479 --> 00:00:36,560 Speaker 2: Good morning Adam, Sean. 12 00:00:36,720 --> 00:00:39,680 Speaker 1: The main story this morning, Australia is increasingly being left 13 00:00:39,680 --> 00:00:42,559 Speaker 1: behind on interest rates, with a dozen central banks reducing 14 00:00:42,600 --> 00:00:45,360 Speaker 1: benchmark rates in the past two months, while the Reserve 15 00:00:45,440 --> 00:00:47,760 Speaker 1: Bank continues to hold the official cash rate at a 16 00:00:47,800 --> 00:00:48,720 Speaker 1: twelve year high. 17 00:00:49,080 --> 00:00:51,239 Speaker 2: In the past week, Adam at central banks in the 18 00:00:51,320 --> 00:00:54,600 Speaker 2: United States, the United Kingdom and Sweden have cut rates. 19 00:00:54,800 --> 00:00:59,200 Speaker 2: There's also been reductions in rates in China. Outside those four, 20 00:00:59,400 --> 00:01:04,840 Speaker 2: the Euros own Canada, Switzerland, Indonesia, South Korea, Saudi Arabia, 21 00:01:04,880 --> 00:01:09,360 Speaker 2: South Africa, Mexico, New Zealand, and Argentina have all cut rates. 22 00:01:09,600 --> 00:01:12,520 Speaker 2: Of the big ten economies tracked by Reuters, the only 23 00:01:12,600 --> 00:01:17,480 Speaker 2: two on hold are Norway and Australia. There's one hiking Japan, 24 00:01:17,600 --> 00:01:20,559 Speaker 2: but in Japan rates were so very low as zero percent. 25 00:01:21,360 --> 00:01:24,959 Speaker 2: Any height was probably a good thing. Most central banks 26 00:01:25,080 --> 00:01:28,520 Speaker 2: around the world are increasingly confident that they have gotten 27 00:01:28,560 --> 00:01:32,600 Speaker 2: inflation under control, albeit they remain cautious. Typical was the 28 00:01:32,640 --> 00:01:36,240 Speaker 2: Bank of England late last week. It cut its benchmark rate. 29 00:01:36,520 --> 00:01:38,840 Speaker 2: That's the second time it's done that, but it did 30 00:01:38,959 --> 00:01:42,720 Speaker 2: say that it's worried that government spending could mean inflation 31 00:01:42,840 --> 00:01:45,920 Speaker 2: will take time to fall. That's a common refrain here 32 00:01:45,920 --> 00:01:48,640 Speaker 2: in Australia, and post the US election is going to 33 00:01:48,680 --> 00:01:51,600 Speaker 2: be a common refrain in the US. Whilst the central 34 00:01:51,600 --> 00:01:54,600 Speaker 2: banks are cutting rates, government spending isn't doing a lot 35 00:01:54,640 --> 00:01:58,280 Speaker 2: to help. Now. It is true that the Australian benchmark rate, 36 00:01:58,320 --> 00:02:01,559 Speaker 2: the official cash rate, is not overly high. It's still 37 00:02:01,600 --> 00:02:03,600 Speaker 2: lower than the UK and US. For example, we're four 38 00:02:03,600 --> 00:02:06,520 Speaker 2: point three five percent. Both those economies are four point 39 00:02:06,680 --> 00:02:10,320 Speaker 2: seven five percent. Also, moves in rates in Australia have 40 00:02:10,360 --> 00:02:14,920 Speaker 2: a bigger impact more quickly. That's because we primarily have 41 00:02:15,000 --> 00:02:17,600 Speaker 2: variable rate mortgages, but in the UK and US, for example, 42 00:02:17,600 --> 00:02:19,680 Speaker 2: they're fixed rate mortgages, so it takes a lot longer 43 00:02:19,960 --> 00:02:24,400 Speaker 2: to flow through. Still, we do start looking like a pariah. 44 00:02:24,720 --> 00:02:27,000 Speaker 2: The Reserve Bank Governor Michelle Bullock has played down the 45 00:02:27,040 --> 00:02:31,280 Speaker 2: impact of other economies and last week insisted that underflying 46 00:02:31,440 --> 00:02:35,640 Speaker 2: underlying inflation in Australia is still too high or very true. 47 00:02:35,680 --> 00:02:38,560 Speaker 2: She also made a comment last week that she thought 48 00:02:38,600 --> 00:02:41,520 Speaker 2: that the government spending and this was federal government spending, 49 00:02:41,720 --> 00:02:44,120 Speaker 2: was on track, but we are still out of step. 50 00:02:44,160 --> 00:02:47,200 Speaker 1: Adam Sean, you're speaking about those other economies around the 51 00:02:47,200 --> 00:02:50,040 Speaker 1: world there. And it was quite an incredible week last 52 00:02:50,080 --> 00:02:51,519 Speaker 1: week for international markets. 53 00:02:51,840 --> 00:02:53,919 Speaker 2: Oh wow, sure it was. The US election was the 54 00:02:53,919 --> 00:02:57,120 Speaker 2: big one obviously, and the booming Trump trade and the 55 00:02:57,160 --> 00:03:00,880 Speaker 2: Trump trade of the asset classes that doing really well 56 00:03:00,919 --> 00:03:03,519 Speaker 2: on the back of expectations of policy changes in the 57 00:03:03,560 --> 00:03:08,440 Speaker 2: Trump administration. Nothing exemplifies that better than bitcoin. Over the weekend, 58 00:03:08,480 --> 00:03:11,400 Speaker 2: it headed towards eighty thousand US dollars at a unit, 59 00:03:11,880 --> 00:03:15,840 Speaker 2: easily the best or a record for that particular cryptocurrency. 60 00:03:16,000 --> 00:03:18,320 Speaker 2: That's all about the fact that Trump wants to make 61 00:03:18,360 --> 00:03:21,040 Speaker 2: the US the center of the crypto world. Bitcoin is 62 00:03:21,040 --> 00:03:24,160 Speaker 2: benefiting from it. We talked about the rake carts, but 63 00:03:24,240 --> 00:03:26,160 Speaker 2: we've also had over the past week threats of a 64 00:03:26,200 --> 00:03:28,440 Speaker 2: tariff trade war on the back of the Trump victory. 65 00:03:28,720 --> 00:03:31,239 Speaker 2: A record closed for the three main Wall Street indices, 66 00:03:31,240 --> 00:03:34,040 Speaker 2: the broad based SMP five hundred, the tech heavy NOSEDAK, 67 00:03:34,480 --> 00:03:37,400 Speaker 2: and the top thirty down Jones Industrial Average. In fact, 68 00:03:37,520 --> 00:03:39,680 Speaker 2: the S and P five hundred closed another high of 69 00:03:39,680 --> 00:03:43,120 Speaker 2: the weekend. It has hit a record high fifty times 70 00:03:43,320 --> 00:03:47,280 Speaker 2: this year. No stock is doing better than Tesla. It 71 00:03:47,400 --> 00:03:49,640 Speaker 2: was up another eleven percent of the weekend, now worth 72 00:03:49,760 --> 00:03:54,920 Speaker 2: just over one trillion US dollars. AH Beyond that and 73 00:03:55,160 --> 00:03:58,160 Speaker 2: in China, Beijing pledged one point two trillion dollars to 74 00:03:58,200 --> 00:04:02,200 Speaker 2: shore up that economy to support local governments. It wasn't 75 00:04:02,240 --> 00:04:05,200 Speaker 2: a big hit and people that hope for more in 76 00:04:05,240 --> 00:04:08,000 Speaker 2: a way and in training out of the weekend. In 77 00:04:08,120 --> 00:04:11,680 Speaker 2: overseas markets, PHP for example, fell but but but but 78 00:04:11,680 --> 00:04:16,240 Speaker 2: but it is just another addition to this ongoing stimulus 79 00:04:16,240 --> 00:04:18,960 Speaker 2: coming out of China. All prices have come off a bit, 80 00:04:19,240 --> 00:04:21,720 Speaker 2: as have've gold prices. The US dollar is strong. It's 81 00:04:21,720 --> 00:04:23,520 Speaker 2: putting pressure on all sorts of other currencies. Although the 82 00:04:23,560 --> 00:04:26,200 Speaker 2: Aussie dollar it's training just under sixty sixty yes cents, 83 00:04:26,360 --> 00:04:30,719 Speaker 2: it's probably not doing too bad badly all things considered. Anyway, 84 00:04:30,880 --> 00:04:33,640 Speaker 2: it's going to be another great week coming up on 85 00:04:33,720 --> 00:04:37,240 Speaker 2: the back of so much going on in markets around 86 00:04:37,279 --> 00:04:38,080 Speaker 2: the world at the moment. 87 00:04:38,520 --> 00:04:40,640 Speaker 1: And the local market did pretty well on Friday two 88 00:04:40,640 --> 00:04:43,159 Speaker 1: shon with the s and PA SX two hundred closing 89 00:04:43,200 --> 00:04:46,279 Speaker 1: up point nine percent to two hundred and ninety five points, 90 00:04:46,520 --> 00:04:49,159 Speaker 1: with tech stocks leading the way. And there was plenty 91 00:04:49,200 --> 00:04:51,240 Speaker 1: of corporate news around here in Australia too. 92 00:04:51,960 --> 00:04:55,520 Speaker 2: Yeah, there's there. There are mean all sorts of AGM season. 93 00:04:55,520 --> 00:04:58,320 Speaker 2: Obviously that's almost over there. But we're also having quite 94 00:04:58,360 --> 00:05:02,000 Speaker 2: a few profit upgrades down grades type of thing. So Aria, 95 00:05:02,839 --> 00:05:06,520 Speaker 2: the old Well Aria, the online real estate group, reported 96 00:05:06,560 --> 00:05:09,560 Speaker 2: a jump in quarterly revenue. News Corps share price hit 97 00:05:09,560 --> 00:05:13,279 Speaker 2: a record high after a robust first quarter. The chief executive, 98 00:05:13,320 --> 00:05:16,279 Speaker 2: Robert Thompson said the sale process for Foxtel here in 99 00:05:16,279 --> 00:05:19,360 Speaker 2: Australia is progressing. Life three sixty the tracking app hit 100 00:05:19,360 --> 00:05:21,880 Speaker 2: an all time high after being upgraded by UBS. It's 101 00:05:21,920 --> 00:05:24,840 Speaker 2: share price is up two hundred percent of the past year. 102 00:05:24,880 --> 00:05:26,560 Speaker 2: Not bad if you're on that one. Shares in Main 103 00:05:26,600 --> 00:05:29,200 Speaker 2: Farmer jump more than ten percent after it confirmed that 104 00:05:29,240 --> 00:05:32,560 Speaker 2: it was being shopped around to buyers, and Biotech New 105 00:05:32,600 --> 00:05:36,480 Speaker 2: and Pharmaceuticals rose fifteen percent after it reported strong sales 106 00:05:36,520 --> 00:05:40,800 Speaker 2: of its debut drug that is, the treatment of Rett syndrome. 107 00:05:41,000 --> 00:05:43,520 Speaker 2: Worse on the day on Friday was block own of 108 00:05:43,640 --> 00:05:45,640 Speaker 2: after Pay. It fell more than six percent. 109 00:05:46,360 --> 00:05:49,400 Speaker 1: Sean, after this episode today you've got an interview with 110 00:05:49,440 --> 00:05:51,719 Speaker 1: Aidan Geyson from Vanguard tell us about that. 111 00:05:52,400 --> 00:05:55,000 Speaker 2: Yeah, I shall do so. Vanguard puts how to report 112 00:05:55,160 --> 00:05:58,720 Speaker 2: how Australia retires and it's an in depth look at 113 00:05:58,720 --> 00:06:01,680 Speaker 2: the needs and attitudes people in the lead up in 114 00:06:01,800 --> 00:06:06,560 Speaker 2: through retirement years. It is fascinating. Now, Vanguard's a great 115 00:06:06,560 --> 00:06:10,360 Speaker 2: supporter of our podcast, and he Aiden comes on and 116 00:06:10,960 --> 00:06:13,720 Speaker 2: really simple things like fifty percent of Australians don't know 117 00:06:13,720 --> 00:06:17,040 Speaker 2: what they paying fees and given that we should be 118 00:06:17,160 --> 00:06:20,560 Speaker 2: very very cognizant of what we're returning every year in 119 00:06:20,600 --> 00:06:24,560 Speaker 2: the benefits of compound interest, that just really surprised me. 120 00:06:24,800 --> 00:06:27,920 Speaker 2: I just couldn't believe that happened. Anyway, there you go, Sean. 121 00:06:28,160 --> 00:06:30,520 Speaker 1: Perhaps it's you and I in our mature years we 122 00:06:30,560 --> 00:06:33,320 Speaker 1: are very focused on retirement one day, so this is 123 00:06:33,360 --> 00:06:35,320 Speaker 1: a great interview for us and everyone else too. 124 00:06:35,360 --> 00:06:37,640 Speaker 2: Absolutely, absolutely will. 125 00:06:37,440 --> 00:06:38,720 Speaker 1: Be back in a moment with the rest of the 126 00:06:38,760 --> 00:06:49,039 Speaker 1: day's business news and Z boss Shane Elliott has warned 127 00:06:49,040 --> 00:06:52,120 Speaker 1: that competition in the home lending and deposit market is intense, 128 00:06:52,480 --> 00:06:55,080 Speaker 1: as the bank recorded a big jump in loan repayments 129 00:06:55,240 --> 00:06:56,400 Speaker 1: not being paid on time. 130 00:06:57,040 --> 00:06:59,640 Speaker 2: That's right, mister Elliot was talking after the country's fourth 131 00:06:59,720 --> 00:07:02,200 Speaker 2: large bank announced to eight percent drop and cash profit 132 00:07:02,320 --> 00:07:04,840 Speaker 2: six point seven billion dollars. That was on Friday. The 133 00:07:04,880 --> 00:07:07,960 Speaker 2: erears rate, which is loans more than ninety days overdue, 134 00:07:08,120 --> 00:07:11,000 Speaker 2: rows by forty seven percent to about four point two 135 00:07:11,000 --> 00:07:13,840 Speaker 2: billion dollars miss rarely. It's said higher rates are impacting 136 00:07:13,880 --> 00:07:18,760 Speaker 2: customers generally, though things are okay. Ain Z has had 137 00:07:18,840 --> 00:07:21,880 Speaker 2: a tough few months. It's been involved in a bond 138 00:07:22,040 --> 00:07:24,680 Speaker 2: trading scandal, which we spoke about that's still going on. 139 00:07:24,960 --> 00:07:28,680 Speaker 2: There's also been a report into its workplace conduct. There's 140 00:07:28,720 --> 00:07:31,400 Speaker 2: been problems out of that as well. As a result, 141 00:07:31,680 --> 00:07:35,400 Speaker 2: mister Elliott lost half his cash bonus for the year. 142 00:07:36,240 --> 00:07:39,480 Speaker 2: Other executives also lost part of their bonuses. A Z's 143 00:07:39,520 --> 00:07:42,200 Speaker 2: making a big technology play it's got this thing called 144 00:07:42,200 --> 00:07:44,720 Speaker 2: A and Z Plus for retail and small business customers 145 00:07:44,880 --> 00:07:47,920 Speaker 2: and a thing called ain Z Transactive Global for mid 146 00:07:47,960 --> 00:07:53,560 Speaker 2: size and big businesses. Those technology platforms are being introduced 147 00:07:53,640 --> 00:07:56,840 Speaker 2: into the bank in coming quarters. Now already the bank 148 00:07:56,880 --> 00:07:59,480 Speaker 2: says there are a lower costs flowing through. It's also 149 00:07:59,480 --> 00:08:02,120 Speaker 2: going to incur Son Corps banking business bit going on 150 00:08:02,160 --> 00:08:04,679 Speaker 2: in that one. I just what I find really interesting. 151 00:08:05,640 --> 00:08:09,000 Speaker 2: So ain Zed didn't have a great result, nor was 152 00:08:09,080 --> 00:08:11,520 Speaker 2: National Australia Bank, nor was Westpac. They're the tree that 153 00:08:11,560 --> 00:08:14,400 Speaker 2: had their results out last week. Adam. Still their share 154 00:08:14,400 --> 00:08:16,280 Speaker 2: prices keep rising amazing. 155 00:08:18,200 --> 00:08:20,880 Speaker 1: It is incredible. As you've commented on as well, Commonwealth 156 00:08:20,960 --> 00:08:23,440 Speaker 1: Bank share price is a staggering number as well. 157 00:08:23,600 --> 00:08:25,360 Speaker 2: Yeah, I mean his share price had a new record 158 00:08:25,400 --> 00:08:26,760 Speaker 2: highlight last week. Incredible. 159 00:08:27,480 --> 00:08:30,200 Speaker 1: So in more of a busy week, Sean auctions over 160 00:08:30,240 --> 00:08:32,880 Speaker 1: the weekend had more than two thy eight hundred houses 161 00:08:32,920 --> 00:08:36,199 Speaker 1: going under the hammer nationwide. The preliminary clearance rate came 162 00:08:36,200 --> 00:08:38,679 Speaker 1: in at just under sixty six percent. It's better than 163 00:08:38,679 --> 00:08:40,920 Speaker 1: a week ago, but still lower than average. 164 00:08:41,440 --> 00:08:45,520 Speaker 2: Yes, so Melbourne was busiest, thirteen hundred auctions clear and straight. 165 00:08:45,600 --> 00:08:48,080 Speaker 2: Preliminary clearance right, one of those words. I really struggle 166 00:08:48,160 --> 00:08:51,360 Speaker 2: with preliminary clearance straight, Adam, that's it. Sixty six and 167 00:08:51,360 --> 00:08:53,920 Speaker 2: a half percent. You did it, Sean, I did. I did. 168 00:08:54,320 --> 00:08:57,199 Speaker 2: There was just under eleven hundred auctions in Sydney sixty 169 00:08:57,240 --> 00:08:59,920 Speaker 2: eight point two percent now both Sydney and Melbourne. That's 170 00:09:00,040 --> 00:09:02,080 Speaker 2: sixty six point five from Melbourne, sixty eight point two 171 00:09:02,120 --> 00:09:05,640 Speaker 2: in cydy that's about in line with spring averages. Brisbane 172 00:09:05,720 --> 00:09:08,600 Speaker 2: was fifty three point two, Adelaide seventy point one. The 173 00:09:08,640 --> 00:09:12,559 Speaker 2: Act was pretty weak at just forty five percent. Rates 174 00:09:12,559 --> 00:09:14,320 Speaker 2: are on hold but sort of hopes that a cut 175 00:09:14,360 --> 00:09:17,480 Speaker 2: some point in the new year is keeping the market 176 00:09:17,720 --> 00:09:21,120 Speaker 2: ticking over. But it's not really doing much more than that. 177 00:09:21,200 --> 00:09:24,439 Speaker 2: It's just ticking over. It's not great. It's not great. 178 00:09:24,600 --> 00:09:28,080 Speaker 2: It's not a horror either, just ticking over. Sean. 179 00:09:28,120 --> 00:09:32,160 Speaker 1: The chief executive of listed gold miner Resolute Mining, Terry Hollahan, 180 00:09:32,320 --> 00:09:35,520 Speaker 1: has been detained by the military controlled government of Mali 181 00:09:35,640 --> 00:09:36,439 Speaker 1: in West Africa. 182 00:09:37,320 --> 00:09:41,760 Speaker 2: Reports say other executives have also been detained for questioning. 183 00:09:41,840 --> 00:09:45,400 Speaker 2: They've been taken to a specialized unit, which the military 184 00:09:45,400 --> 00:09:50,319 Speaker 2: government says tackles corruption and economic or financial crimes. The 185 00:09:50,400 --> 00:09:53,120 Speaker 2: ruling military junta in Mali are known to want greater 186 00:09:53,160 --> 00:09:56,840 Speaker 2: control over the mining industry. It is a very difficult 187 00:09:57,000 --> 00:10:02,319 Speaker 2: part of the world to do business. Mister Holhan apparently 188 00:10:02,679 --> 00:10:06,400 Speaker 2: have been questioned over suspicions of false evidence and misappropriation 189 00:10:06,480 --> 00:10:10,839 Speaker 2: of public goods. He has denied those allegations, though at 190 00:10:10,840 --> 00:10:13,440 Speaker 2: this point there seems to be very few details available. 191 00:10:13,760 --> 00:10:16,040 Speaker 2: Resolute has eighty percent of a mine in Mary as 192 00:10:16,040 --> 00:10:19,520 Speaker 2: well as operations in nearby Senegal and Guinea, but let's 193 00:10:19,520 --> 00:10:20,640 Speaker 2: just hope for the best for him. 194 00:10:21,120 --> 00:10:24,400 Speaker 1: Sean credit ratings agency Moody's has cut its outlook for 195 00:10:24,480 --> 00:10:29,320 Speaker 1: mineral resources to negative, citing the quote potential negative implications 196 00:10:29,360 --> 00:10:32,880 Speaker 1: of corporate governance issues and of quote for downgrading the 197 00:10:32,920 --> 00:10:34,440 Speaker 1: lithium and iron ore minor. 198 00:10:34,880 --> 00:10:36,959 Speaker 2: It adds to the pressure on the West Australian company's 199 00:10:36,960 --> 00:10:40,079 Speaker 2: board as it attempts to restore investor confidence after a 200 00:10:40,160 --> 00:10:43,200 Speaker 2: tax scheme scandal that resulted in its billionaire founder Chris 201 00:10:43,200 --> 00:10:46,720 Speaker 2: Ellison agreeing to stand down as managing director within eighteen months. 202 00:10:46,800 --> 00:10:49,959 Speaker 2: The rating agency also cited concerns over elevated capital spending 203 00:10:50,000 --> 00:10:52,440 Speaker 2: and week lithium prices for the downgrade. It came at 204 00:10:52,480 --> 00:10:55,800 Speaker 2: the end of quite a week in which Midden Resources 205 00:10:56,400 --> 00:10:58,599 Speaker 2: its board said that mister Elison had failed to be 206 00:10:58,640 --> 00:11:02,600 Speaker 2: as forthcoming hit as he should have been. The Future Fund, 207 00:11:02,600 --> 00:11:04,640 Speaker 2: which holds only eight million dollars worth of stock, also 208 00:11:04,640 --> 00:11:06,360 Speaker 2: wants to engage with the board of the Company of 209 00:11:06,360 --> 00:11:09,640 Speaker 2: the Government's Crisis ATTIC is also taking a look at it. 210 00:11:09,840 --> 00:11:11,920 Speaker 2: One of those stories that's just going to keep giving. 211 00:11:12,520 --> 00:11:14,920 Speaker 1: Sean a big story about the cost of living here. 212 00:11:15,080 --> 00:11:18,079 Speaker 1: Beer drinkers are filling the pinch with sales of home 213 00:11:18,080 --> 00:11:19,360 Speaker 1: brew kits spiking. 214 00:11:20,080 --> 00:11:23,240 Speaker 2: Yes, so, according to Kerber's Brewery, which has about a 215 00:11:23,320 --> 00:11:27,959 Speaker 2: ninety percent market share of home brewing. Oh my god, Yeah, 216 00:11:28,360 --> 00:11:31,520 Speaker 2: they're up quite sharply. The managing director, Tim Kerber said 217 00:11:31,679 --> 00:11:37,040 Speaker 2: high mortgagery payments, rents, and grocery prices was helping aiding 218 00:11:37,040 --> 00:11:41,400 Speaker 2: the decline in beer sales. Younger drinkers are also giving 219 00:11:41,480 --> 00:11:43,240 Speaker 2: up on beer. They're heading towards will not giving up, 220 00:11:43,240 --> 00:11:44,800 Speaker 2: but not had drinking as much of it, heading to 221 00:11:44,800 --> 00:11:48,160 Speaker 2: spirits and alcoholic seltzers. According to a report in The 222 00:11:48,200 --> 00:11:52,600 Speaker 2: Financial Review, However, home or higher home brew kit sales 223 00:11:52,600 --> 00:11:55,760 Speaker 2: have pushed Kuper's to a sixteen percent jump in profit. 224 00:11:56,480 --> 00:12:00,559 Speaker 2: It's all about brewing your own. Great company Kubers eighteen 225 00:12:00,640 --> 00:12:03,520 Speaker 2: sixty two. It started, still largely owned by the Cooper family. 226 00:12:03,800 --> 00:12:05,880 Speaker 2: It's got about five percent of the national beer market. 227 00:12:05,960 --> 00:12:08,800 Speaker 2: As I mentioned, ninety percent of the homebrewing market. I've 228 00:12:08,920 --> 00:12:13,280 Speaker 2: never tried homebrewing. I don't know. I don't have the patience. 229 00:12:15,000 --> 00:12:21,040 Speaker 1: You the more spare bathtubub. 230 00:12:18,720 --> 00:12:22,079 Speaker 2: Yeah, yeah, don't think it's my thing. 231 00:12:22,400 --> 00:12:25,000 Speaker 1: Maybe one day, Sean, in our future years. 232 00:12:25,040 --> 00:12:27,679 Speaker 2: Maybe maybe we'll see. 233 00:12:27,559 --> 00:12:30,080 Speaker 1: Future beers and future years now, Sean, moving on to 234 00:12:30,120 --> 00:12:33,400 Speaker 1: international news, there's plenty of speculation about who will be 235 00:12:33,480 --> 00:12:36,480 Speaker 1: on Donald Trump's new team. Are there roles for Elon 236 00:12:36,559 --> 00:12:39,360 Speaker 1: Musk and Robert Kennedy Junior. We don't know the answer, 237 00:12:39,679 --> 00:12:41,760 Speaker 1: but we do know who won't be in the Trump 238 00:12:41,800 --> 00:12:43,319 Speaker 1: two point zero administration. 239 00:12:43,760 --> 00:12:47,640 Speaker 2: Yes, definitely. Using his truth social network, mister Trump said 240 00:12:47,679 --> 00:12:52,720 Speaker 2: he won't be inviting ex Secretary of State Mike Pompeo. Now. 241 00:12:52,800 --> 00:12:56,040 Speaker 2: Mike Pompeo a few months ago talked about the need 242 00:12:56,080 --> 00:12:58,800 Speaker 2: for more weapons for Ukraine. Donald Trump has said, oh, 243 00:12:59,000 --> 00:13:01,920 Speaker 2: he'll be able to stop in Ukraine within twenty four hours. 244 00:13:03,520 --> 00:13:05,560 Speaker 2: I don't know how that all that's going to work out. 245 00:13:06,360 --> 00:13:08,760 Speaker 2: I mean, what's relevant to us in Australia is Mike 246 00:13:08,800 --> 00:13:11,800 Speaker 2: Pompeo is a fan of August and I think we 247 00:13:11,880 --> 00:13:14,720 Speaker 2: all I'm sure every country is the same, but at 248 00:13:14,720 --> 00:13:17,800 Speaker 2: the moment, every friend we've got the Trump administration is 249 00:13:17,880 --> 00:13:20,320 Speaker 2: a good thing. Donald Trump also said he won't want 250 00:13:20,360 --> 00:13:24,400 Speaker 2: former UN Ambassador Nicki Hayley. Now, Nicki Haley ran against 251 00:13:24,480 --> 00:13:27,760 Speaker 2: Trump in the primaries. When she lost, she sort of 252 00:13:27,760 --> 00:13:30,000 Speaker 2: suggested that people should vote for Trump. So she's been 253 00:13:30,000 --> 00:13:34,000 Speaker 2: a supporter of Donald Trump, though in August I think 254 00:13:34,000 --> 00:13:36,800 Speaker 2: it was she famously told Trump to quit whining about 255 00:13:36,840 --> 00:13:41,320 Speaker 2: Carmala Harris and Donald Trump has a long, long memory. 256 00:13:41,800 --> 00:13:44,600 Speaker 2: Donald Trump's only appointment so far is his White House 257 00:13:44,840 --> 00:13:47,920 Speaker 2: House chief of Staff Susie Wilde. Susie Wiles is the 258 00:13:47,960 --> 00:13:51,679 Speaker 2: first woman to hold that role. She ran his campaign 259 00:13:52,080 --> 00:13:55,960 Speaker 2: in the election. Meanwhile, counting has been complete list for 260 00:13:56,080 --> 00:14:00,960 Speaker 2: the presidency. Donald Trump managed to win all seven states. 261 00:14:01,000 --> 00:14:04,080 Speaker 2: Incredible is the ones that Carmla Harris was hoping to win. 262 00:14:04,320 --> 00:14:05,040 Speaker 2: He won all of them. 263 00:14:05,160 --> 00:14:06,400 Speaker 1: Such a decisive election. 264 00:14:06,559 --> 00:14:08,840 Speaker 2: Yeah, three hundred and twelve Electoral College votes to two 265 00:14:08,960 --> 00:14:09,720 Speaker 2: hundred and twenty. 266 00:14:09,600 --> 00:14:11,920 Speaker 1: Six Sean and before we finish up this morning, an 267 00:14:11,920 --> 00:14:14,960 Speaker 1: interesting story out of the Financial Times about how interest 268 00:14:15,080 --> 00:14:19,720 Speaker 1: in international education courses from US students spiked fivefold the 269 00:14:19,840 --> 00:14:21,160 Speaker 1: day after the election results. 270 00:14:21,840 --> 00:14:25,240 Speaker 2: Interesting or funny. Study Portals is a group which provides 271 00:14:25,240 --> 00:14:27,680 Speaker 2: information or higher education. It's in the number of searches 272 00:14:27,680 --> 00:14:32,840 Speaker 2: by US students for foreign bachelors and master's courses. On average, 273 00:14:32,880 --> 00:14:36,520 Speaker 2: it's about two thousand a day on Wednesday after the Tuesday. 274 00:14:36,560 --> 00:14:39,560 Speaker 2: Tuesday night, Donald Trump was crown next president. On the 275 00:14:39,600 --> 00:14:43,840 Speaker 2: Wednesday went from twenty to eleven thousand people searching. 276 00:14:44,120 --> 00:14:45,040 Speaker 1: Is so interesting. 277 00:14:45,560 --> 00:14:48,640 Speaker 2: It's really interesting UK, Canada, Germany and Ireland with the 278 00:14:48,720 --> 00:14:53,040 Speaker 2: four main places of interest. But it's fascinating just how 279 00:14:53,040 --> 00:14:57,840 Speaker 2: many people jumped onto that. I mean, it's American students 280 00:14:57,840 --> 00:15:02,240 Speaker 2: don't necessarily travel a lot and study a lot abroad. 281 00:15:02,520 --> 00:15:05,520 Speaker 2: They do somewhat, but not as much as many other countries. 282 00:15:05,840 --> 00:15:08,280 Speaker 2: And it's five times a number on the day after 283 00:15:08,400 --> 00:15:13,200 Speaker 2: the election jumped on Study Portals to see what their 284 00:15:13,240 --> 00:15:13,800 Speaker 2: options were. 285 00:15:14,280 --> 00:15:15,880 Speaker 1: Well, it didn't look like we got much of a 286 00:15:15,920 --> 00:15:17,840 Speaker 1: share of that Sean here in Australia, maybe we've got 287 00:15:17,840 --> 00:15:19,840 Speaker 1: some work to do get some of those students over here. 288 00:15:20,560 --> 00:15:23,360 Speaker 2: Ah, I don't know. I think I think I like 289 00:15:23,400 --> 00:15:26,080 Speaker 2: the idea of having kind of the well. I don't 290 00:15:26,360 --> 00:15:29,240 Speaker 2: want to suggest anywhere is better than anywhere else, but 291 00:15:29,280 --> 00:15:32,040 Speaker 2: I love the fact that we have so many students 292 00:15:32,040 --> 00:15:34,800 Speaker 2: from our region coming to us. Yeah, I think that's 293 00:15:34,800 --> 00:15:36,120 Speaker 2: a good thing totally. 294 00:15:36,680 --> 00:15:38,720 Speaker 1: Up next is the Fear and Greed Daily Interview with 295 00:15:38,760 --> 00:15:41,360 Speaker 1: Aidan Geyson from Vanguard, as well as the week Ahead 296 00:15:41,360 --> 00:15:42,920 Speaker 1: with Stephen could coolas. 297 00:15:43,200 --> 00:15:46,520 Speaker 2: Yes, I mean the week Ahead might be misnoma, that 298 00:15:46,840 --> 00:15:49,120 Speaker 2: bit of a week behind, a little bit of week 299 00:15:49,280 --> 00:15:52,320 Speaker 2: iad to be honest. We talk a lot about what's 300 00:15:52,320 --> 00:15:54,840 Speaker 2: been going on where markets are up to, not a 301 00:15:54,880 --> 00:15:57,480 Speaker 2: lot on the you know, on the economic front. This 302 00:15:57,560 --> 00:16:00,840 Speaker 2: week there's National Australia Bank Business Survey, which is always 303 00:16:00,960 --> 00:16:04,240 Speaker 2: very interesting, but given compared to last week, it's a 304 00:16:04,240 --> 00:16:05,160 Speaker 2: bit of a quite a week. 305 00:16:05,320 --> 00:16:07,840 Speaker 1: Yeah, plenty on, plenty of context to bring home too. 306 00:16:08,120 --> 00:16:10,160 Speaker 1: So that's up next to the Fear and Greed playlist 307 00:16:10,160 --> 00:16:13,400 Speaker 1: on your favorite podcast platform or at Fearangreed dot com 308 00:16:13,400 --> 00:16:16,800 Speaker 1: dot au. Thank you, Sean, Thanks Adam. It's Monday, the 309 00:16:16,800 --> 00:16:19,840 Speaker 1: eleventh of November twenty twenty four. Make sure you're following 310 00:16:19,840 --> 00:16:24,000 Speaker 1: the podcast, Join us online on LinkedIn, Instagram, x TikTok 311 00:16:24,080 --> 00:16:28,200 Speaker 1: and Facebook and have a great day.