1 00:00:06,000 --> 00:00:09,479 Michael Thompson: Today on Fear and Greed. The Australian share market tumbled yesterday, 2 00:00:09,520 --> 00:00:13,160 Michael Thompson: ensuring the worst start to a year of trading since COVID, 3 00:00:13,440 --> 00:00:16,480 Michael Thompson: while the ASX falls, House prices are up, hitting a 4 00:00:16,600 --> 00:00:19,759 Michael Thompson: new record in most capital cities in March, and Prime 5 00:00:19,760 --> 00:00:22,959 Michael Thompson: Minister Anthony Ibanezi and Labor gain ground on the opposition 6 00:00:23,040 --> 00:00:26,040 Michael Thompson: leader Peter Dutton and Coalition in the latest polls. Plus 7 00:00:26,120 --> 00:00:28,960 Michael Thompson: Domain set to get sold to a US group. And 8 00:00:29,040 --> 00:00:32,640 Michael Thompson: Donald Trump says he isn't joking about a third term. 9 00:00:33,000 --> 00:00:35,440 Michael Thompson: Welcome to Fear and Greed. Daily business news for people 10 00:00:35,479 --> 00:00:38,200 Michael Thompson: who make their own decisions. It is Tuesday, the first 11 00:00:38,200 --> 00:00:41,760 Michael Thompson: of April twenty twenty five. I'm Michael Thompson and good morning, 12 00:00:41,840 --> 00:00:42,560 Michael Thompson: Sean Aylmer. 13 00:00:42,800 --> 00:00:45,600 Sean Aylmer: Morning. I promised that Donald Trump made the comment about 14 00:00:45,640 --> 00:00:47,920 Sean Aylmer: not joking yesterday, the thirty. 15 00:00:47,640 --> 00:00:49,879 Michael Thompson: First of March, not the first of April. Not an 16 00:00:49,880 --> 00:00:52,600 Michael Thompson: April falls joke. But a great story, an extraordinary story. 17 00:00:52,600 --> 00:00:55,280 Michael Thompson: We'll get to that later. The main story this morning, Sean. 18 00:00:55,440 --> 00:00:58,680 Michael Thompson: The Australian share market has had its worst start to 19 00:00:58,760 --> 00:01:02,200 Michael Thompson: a year since COVID, with the benchmark index off nearly 20 00:01:02,320 --> 00:01:06,600 Michael Thompson: four percent, including a forty two billion dollar sell off. Yesterday. 21 00:01:06,720 --> 00:01:09,560 Sean Aylmer: Not since twenty twenty has the share market had as 22 00:01:09,680 --> 00:01:13,320 Sean Aylmer: bad a quarter, which means many of our superannuation accounts 23 00:01:13,400 --> 00:01:16,240 Sean Aylmer: won't look very good when we check the latest statement. 24 00:01:16,280 --> 00:01:19,959 Sean Aylmer: The selling reflects two main factors. The first fears of 25 00:01:20,120 --> 00:01:24,480 Sean Aylmer: US reciprocal tariffs hitting Australian exports. The second a downturn 26 00:01:24,520 --> 00:01:28,400 Sean Aylmer: of the world's largest economy that would hurt earnings. Not helping. 27 00:01:28,720 --> 00:01:32,280 Sean Aylmer: Is plenty of uncertainty around what's going on in America 28 00:01:32,360 --> 00:01:33,760 Sean Aylmer: and the rest of the world. Now, let's take the 29 00:01:33,800 --> 00:01:37,000 Sean Aylmer: tariff factor first. In February, US President Donald Trump directed 30 00:01:37,000 --> 00:01:41,280 Sean Aylmer: officials to put together country by country tailored countermeasures on tariffs. 31 00:01:41,560 --> 00:01:44,479 Sean Aylmer: Few details have emerged as to the size or substance 32 00:01:44,600 --> 00:01:47,560 Sean Aylmer: of the tariffs. Trump has walked back some of his 33 00:01:47,680 --> 00:01:51,760 Sean Aylmer: earlier pronouncements, while the status of the local GST for example, 34 00:01:51,760 --> 00:01:55,640 Sean Aylmer: the Pharmaceutical Benefit Scheme for example, may or may not 35 00:01:56,120 --> 00:02:01,240 Sean Aylmer: attract the US's eyre. Now, Trump's promise to outline tariffs 36 00:02:01,280 --> 00:02:05,800 Sean Aylmer: on Liberation Day that's April two, which is actually Thursday 37 00:02:05,840 --> 00:02:08,440 Sean Aylmer: Australian in time. The second factor we're talking about is 38 00:02:08,560 --> 00:02:13,240 Sean Aylmer: US economy. Perhaps more worrying this one, because the risks 39 00:02:13,280 --> 00:02:15,960 Sean Aylmer: of recession are rising. Some of the big investment banks 40 00:02:15,960 --> 00:02:18,160 Sean Aylmer: around the place have gone from a twenty to a 41 00:02:18,280 --> 00:02:21,359 Sean Aylmer: forty to fifty percent chance of a recession in the US. 42 00:02:21,639 --> 00:02:24,240 Sean Aylmer: While the ASX is down four percent for the quarter, 43 00:02:24,280 --> 00:02:26,720 Sean Aylmer: it's actually done much better than Wall Street and particularly 44 00:02:26,880 --> 00:02:28,440 Sean Aylmer: the magnificent seven tech stocks. 45 00:02:28,560 --> 00:02:31,640 Michael Thompson: Okay, so a lot of this is about US uncertainty. 46 00:02:31,760 --> 00:02:34,079 Michael Thompson: But which stocks are being hit hardest locally? 47 00:02:34,760 --> 00:02:37,760 Sean Aylmer: Pretty much everything, Okay, except for the gold stocks. There's 48 00:02:37,760 --> 00:02:40,680 Sean Aylmer: safe havevor assets. The SMPASX two hundred finished down one 49 00:02:40,680 --> 00:02:44,920 Sean Aylmer: point seventy five percent yesterday. It closed at seven eight 50 00:02:45,000 --> 00:02:47,920 Sean Aylmer: hundred and forty three points. Ninety percent of the top 51 00:02:48,000 --> 00:02:49,760 Sean Aylmer: two hundred ended lower. 52 00:02:50,160 --> 00:02:50,320 Michael Thompson: Now. 53 00:02:50,360 --> 00:02:54,720 Sean Aylmer: Of the top fifty stocks, only five common off Bank Telstra, Transurban, Sigma, 54 00:02:54,840 --> 00:02:57,799 Sean Aylmer: Sigma Healthcare that is in weis tech Global ended in 55 00:02:57,880 --> 00:03:02,440 Sean Aylmer: the black. Otherwise everywhere Michael, led by the big miners 56 00:03:02,880 --> 00:03:05,880 Sean Aylmer: and the text docs. After a very strong run for 57 00:03:05,919 --> 00:03:08,639 Sean Aylmer: the market from August last year until about the middle 58 00:03:08,760 --> 00:03:12,799 Sean Aylmer: of last month, the BOSS has dropped eight percent, more 59 00:03:12,800 --> 00:03:15,800 Sean Aylmer: than eight percent, and while the uncertainty last, it's just 60 00:03:15,880 --> 00:03:18,200 Sean Aylmer: hard to see the market going on much of a run. 61 00:03:18,560 --> 00:03:21,440 Michael Thompson: All right, That's the bad investing news. The fear part 62 00:03:21,480 --> 00:03:23,040 Michael Thompson: of fear in jail, we say, let's get to the 63 00:03:23,040 --> 00:03:27,480 Michael Thompson: greed side. The better news, if you're a homeowner at least, 64 00:03:28,000 --> 00:03:31,519 Michael Thompson: is that Australian house prices hit new records in March, 65 00:03:31,639 --> 00:03:35,560 Michael Thompson: overturning a downward trend, with almost all capital cities showing 66 00:03:35,600 --> 00:03:36,880 Michael Thompson: price rises last month. 67 00:03:37,160 --> 00:03:40,080 Sean Aylmer: Yes, so across the country values increased by zero point 68 00:03:40,160 --> 00:03:44,720 Sean Aylmer: four percent. Notably, Melbourne out did that average. It jumped 69 00:03:44,720 --> 00:03:48,120 Sean Aylmer: half a percent. While Sydney prices also rose, they didn't 70 00:03:48,120 --> 00:03:50,040 Sean Aylmer: go up as fast as Melbourne. They're up to zero 71 00:03:50,040 --> 00:03:52,080 Sean Aylmer: point three percent for the month, but for the first quarter, 72 00:03:52,160 --> 00:03:55,560 Sean Aylmer: basically the prices in those two major cities both rise 73 00:03:55,640 --> 00:03:58,320 Sean Aylmer: by about the same amount. That's good news for Melbourne 74 00:03:58,320 --> 00:04:01,400 Sean Aylmer: homeowners in particular because they have really struggled for the 75 00:04:01,400 --> 00:04:04,440 Sean Aylmer: full twelve months. Their house prices are still lower, but 76 00:04:04,600 --> 00:04:08,200 Sean Aylmer: over the quarter they are definitely higher. Now the median 77 00:04:08,280 --> 00:04:11,680 Sean Aylmer: house price in Sydney just under one point two million 78 00:04:11,720 --> 00:04:14,280 Sean Aylmer: dollars in Melbourne and seven hundred and eighty thousand dollars, 79 00:04:14,280 --> 00:04:17,760 Sean Aylmer: so that affordability factor probably plays into Melbourne. Dyre and 80 00:04:17,800 --> 00:04:20,279 Sean Aylmer: Adelaide were the best performers in the month of March. 81 00:04:20,279 --> 00:04:22,919 Sean Aylmer: They're also the best performers in the first three months 82 00:04:22,960 --> 00:04:25,680 Sean Aylmer: of the year. Brisbane had a strong March. It's now 83 00:04:25,720 --> 00:04:28,320 Sean Aylmer: the second most expensive city, meeting value of about nine 84 00:04:28,360 --> 00:04:31,719 Sean Aylmer: hundred thousand dollars, second behind Sydney and Perthouse. Prices are 85 00:04:31,760 --> 00:04:34,800 Sean Aylmer: rising at nowhere near the pace of last year. 86 00:04:35,800 --> 00:04:38,279 Michael Thompson: Have you signed up for the Fear and Great newsletter? Sean? 87 00:04:38,600 --> 00:04:39,200 Sean Aylmer: Okay? 88 00:04:39,960 --> 00:04:41,960 Michael Thompson: Actually, of course is a very good question. Now, I 89 00:04:42,000 --> 00:04:43,280 Michael Thompson: have you right the darn thing? 90 00:04:43,440 --> 00:04:45,160 Sean Aylmer: I write it? But has I signed up for it? 91 00:04:45,200 --> 00:04:47,320 Sean Aylmer: But I do get it in my earma? Do you 92 00:04:47,480 --> 00:04:50,320 Sean Aylmer: like reading or listening to yourself? 93 00:04:51,480 --> 00:04:55,919 Michael Thompson: I listen to Fear and Greed every day. What I 94 00:04:56,040 --> 00:05:00,320 Michael Thompson: don't like doing is reading by books. For instance, it's 95 00:05:00,320 --> 00:05:02,400 Michael Thompson: been published, I can't. I cannot look back on it 96 00:05:02,400 --> 00:05:04,600 Michael Thompson: because I just worry about things that I might have missed. 97 00:05:04,640 --> 00:05:06,640 Michael Thompson: But I listened back to Fear and Greed every day. 98 00:05:06,680 --> 00:05:08,240 Michael Thompson: Do you read or listen? 99 00:05:08,720 --> 00:05:11,240 Sean Aylmer: I can't. Well, I can read my stuff more than 100 00:05:11,240 --> 00:05:14,120 Sean Aylmer: I can listen to it. So audio sometimes and I'm 101 00:05:14,200 --> 00:05:16,440 Sean Aylmer: walking to work and I have it on, I just 102 00:05:16,720 --> 00:05:17,440 Sean Aylmer: I can't do it. 103 00:05:17,520 --> 00:05:20,200 Michael Thompson: I just love the sound of my own voice. But anyway, 104 00:05:20,240 --> 00:05:22,200 Michael Thompson: I was talking about the newsletter. If you haven't signed 105 00:05:22,279 --> 00:05:24,920 Michael Thompson: up for the newsletter yet, head along to Fearandgreed dot 106 00:05:24,960 --> 00:05:27,880 Michael Thompson: com dot au, pop your email addressing and the newsletter 107 00:05:28,480 --> 00:05:31,719 Michael Thompson: days it's Tuesday to be out tomorrow. Sure something to 108 00:05:31,760 --> 00:05:32,279 Michael Thompson: look forward to. 109 00:05:32,320 --> 00:05:34,360 Sean Aylmer: I'm exciting news about the newsletter in the next week 110 00:05:34,440 --> 00:05:35,320 Sean Aylmer: or so too, Michael. 111 00:05:35,440 --> 00:05:38,120 Michael Thompson: I love the tea, Sean, very good, but you've got 112 00:05:38,160 --> 00:05:40,159 Michael Thompson: to sign up now, so head along to the website 113 00:05:40,160 --> 00:05:41,680 Michael Thompson: and do that, Sean. We'll be back in a moment 114 00:05:41,720 --> 00:05:43,720 Michael Thompson: with the rest of the day's business news. 115 00:05:49,680 --> 00:05:49,960 Sean Aylmer: Sean. 116 00:05:50,040 --> 00:05:53,400 Michael Thompson: The first post calling the election. Polls are in and 117 00:05:53,600 --> 00:05:56,719 Michael Thompson: broadly it's good news for Prime Minister Anthony Ibanezy. 118 00:05:56,880 --> 00:06:00,640 Sean Aylmer: The Financial Review Freshwater poll shows that Labor is closing 119 00:06:00,640 --> 00:06:03,480 Sean Aylmer: the gap on the Coalition as the party most trusted 120 00:06:03,800 --> 00:06:06,720 Sean Aylmer: to handle the cost of living crisis. Now, the cost 121 00:06:06,720 --> 00:06:10,000 Sean Aylmer: of living crisis is far and away the biggest issue 122 00:06:10,080 --> 00:06:13,920 Sean Aylmer: in this campaign thus far. On a two party preferred basis, 123 00:06:13,960 --> 00:06:18,359 Sean Aylmer: the Opposition leads the ALP fifty point six to forty 124 00:06:18,440 --> 00:06:20,839 Sean Aylmer: nine point four. So that's actually fifty one to forty nine. 125 00:06:20,880 --> 00:06:22,680 Sean Aylmer: But the reason I'm giving you the decimal point it 126 00:06:22,760 --> 00:06:26,360 Sean Aylmer: just shows how that has narrowed. It just mean the 127 00:06:26,480 --> 00:06:29,920 Sean Aylmer: Dutton momentum has stalled somewhat in the last week or two. 128 00:06:30,040 --> 00:06:33,360 Sean Aylmer: If that's repeated on election day, According to fresh Water, 129 00:06:33,400 --> 00:06:35,719 Sean Aylmer: the swing away from the government would result in an 130 00:06:35,760 --> 00:06:39,800 Sean Aylmer: ALP lead minority government. Now News polling the Australian it 131 00:06:39,920 --> 00:06:43,120 Sean Aylmer: shows the Labor leading the coalition fifty one to forty 132 00:06:43,160 --> 00:06:45,760 Sean Aylmer: nine percent on a two party preferred basis. That's actually 133 00:06:45,760 --> 00:06:49,600 Sean Aylmer: a switch from the previous result that would put ALP 134 00:06:49,839 --> 00:06:54,000 Sean Aylmer: within striking distance of actually forming a majority government. A 135 00:06:54,040 --> 00:06:56,080 Sean Aylmer: long way to run. We still have what five weeks 136 00:06:56,160 --> 00:06:58,200 Sean Aylmer: less than five weeks, four and a half weeks, but 137 00:06:58,960 --> 00:07:01,520 Sean Aylmer: the momentum and the early part of the campaign is 138 00:07:01,520 --> 00:07:02,039 Sean Aylmer: with Labor. 139 00:07:02,200 --> 00:07:05,239 Michael Thompson: Yeah, indeed, and every day mapped you. When a campaign 140 00:07:05,360 --> 00:07:07,719 Michael Thompson: is this close, things can go wrong, things can go 141 00:07:07,839 --> 00:07:10,720 Michael Thompson: really right. What were the leaders up to yesterday? 142 00:07:10,840 --> 00:07:13,840 Sean Aylmer: Lenthony Albanese said there's a lot of hubris in Peter 143 00:07:13,880 --> 00:07:16,480 Sean Aylmer: Dutton's comments that he'd prefer to live in Kiribilly House 144 00:07:16,560 --> 00:07:19,840 Sean Aylmer: in Sydney rather than the lodge in Canberra. Istra Albanesi 145 00:07:19,920 --> 00:07:22,440 Sean Aylmer: was in Perth announcing a two hundred million dollar hospital renovation. 146 00:07:22,760 --> 00:07:25,440 Sean Aylmer: He had the obligatory Prime Minister with a newborn baby pick. 147 00:07:25,600 --> 00:07:28,800 Sean Aylmer: He also talked about this is Albanese the Australian Defense 148 00:07:28,880 --> 00:07:32,640 Sean Aylmer: Force monitoring a Chinese vessel off the coast of Western 149 00:07:32,680 --> 00:07:37,240 Sean Aylmer: Australia which is circum navigating Australia having come from New Zealand. 150 00:07:37,240 --> 00:07:39,640 Sean Aylmer: The Prime Minister did conceide that he'd prefer it not 151 00:07:39,800 --> 00:07:43,240 Sean Aylmer: be there. Opposition leader Peter Dutton was touring regional New 152 00:07:43,320 --> 00:07:45,720 Sean Aylmer: South Wales. He said the coalition's plans to set up 153 00:07:45,720 --> 00:07:48,720 Sean Aylmer: a domestic gas reserve would bring down power bills and 154 00:07:48,960 --> 00:07:49,680 Sean Aylmer: ensure supply. 155 00:07:50,280 --> 00:07:55,400 Michael Thompson: That baby that Albo picked up very very young, very newborn, 156 00:07:55,640 --> 00:07:56,679 Michael Thompson: high risk stuff. 157 00:07:57,200 --> 00:07:58,360 Sean Aylmer: Was it twenty seven hours or something? 158 00:07:58,440 --> 00:08:01,520 Michael Thompson: Yeah, just like so, I mean he did it very deal, 159 00:08:01,880 --> 00:08:03,920 Michael Thompson: he did. But there's a lot of kind of anxiety. 160 00:08:04,040 --> 00:08:07,240 Michael Thompson: If I was the parents, I'm just like, please please. 161 00:08:07,080 --> 00:08:08,960 Sean Aylmer: It's just newborn support the head. 162 00:08:09,240 --> 00:08:12,800 Michael Thompson: That's right, terrifying. And Sean just quickly, while we're talking politics, 163 00:08:13,040 --> 00:08:16,000 Michael Thompson: an interview today, fantastic chat coming up after the show 164 00:08:16,000 --> 00:08:19,360 Michael Thompson: with Peter Hartcher from the City Morning Herald and The Age. 165 00:08:19,200 --> 00:08:22,840 Sean Aylmer: Yes all about how Donald Trump and the US will 166 00:08:22,840 --> 00:08:28,520 Sean Aylmer: play in the Australian election. And Peter incredible commentator on 167 00:08:28,600 --> 00:08:32,079 Sean Aylmer: international and local politics. He brings it all together in 168 00:08:32,400 --> 00:08:36,079 Sean Aylmer: a real warning for both alban Ezy and Dutton about 169 00:08:36,080 --> 00:08:37,360 Sean Aylmer: how to handle Donald Trump. 170 00:08:37,440 --> 00:08:39,080 Michael Thompson: Yeah, and the fact that this should be a cost 171 00:08:39,080 --> 00:08:41,840 Michael Thompson: of living election. But Donald Trump really does change the 172 00:08:41,880 --> 00:08:45,640 Michael Thompson: game as far as this Sean online real estate portal 173 00:08:45,679 --> 00:08:48,600 Michael Thompson: Domain is set to be sold to US based Coastar 174 00:08:48,960 --> 00:08:52,080 Michael Thompson: after sixty percent shareholder Nine Entertainment said it will vote 175 00:08:52,120 --> 00:08:53,120 Michael Thompson: in favor of the deal. 176 00:08:53,320 --> 00:08:55,880 Sean Aylmer: Domain is the biggest single asset of nine Entertainment and 177 00:08:55,960 --> 00:08:59,600 Sean Aylmer: co Star is now doing due diligence on the property. Group. Yesterday, 178 00:08:59,679 --> 00:09:03,080 Sean Aylmer: Demain said directors would support the bid if there were 179 00:09:03,080 --> 00:09:06,560 Sean Aylmer: no other offers, and an independent expert says it's in 180 00:09:06,559 --> 00:09:08,760 Sean Aylmer: the best interest of the company. Co Star last week 181 00:09:08,840 --> 00:09:11,559 Sean Aylmer: up it's offered to four dollars forty three share forty 182 00:09:11,600 --> 00:09:14,720 Sean Aylmer: two percent premium to the group's closing price the day 183 00:09:14,760 --> 00:09:16,920 Sean Aylmer: before the initial bid. If the deal goes ahead, the 184 00:09:17,000 --> 00:09:20,000 Sean Aylmer: question becomes what does nine do with one point four 185 00:09:20,200 --> 00:09:22,200 Sean Aylmer: billion dollars in cash? 186 00:09:22,240 --> 00:09:25,280 Michael Thompson: That is a solid war chess. It is tech leader wise. 187 00:09:25,360 --> 00:09:29,600 Michael Thompson: Tech Global has appointed two new independent directors as it 188 00:09:29,640 --> 00:09:33,080 Michael Thompson: replaces four directors that resigned in February and protest over 189 00:09:33,280 --> 00:09:37,440 Michael Thompson: founder Richard White becoming executive chair one of the directors, 190 00:09:37,480 --> 00:09:39,720 Michael Thompson: though Sewan is the former chair of the company. 191 00:09:40,200 --> 00:09:45,640 Sean Aylmer: Hmm. Anyway, Andrew Harrison is his name. There are rumblings 192 00:09:45,640 --> 00:09:49,640 Sean Aylmer: about how independent he is. He left just twelve months ago, 193 00:09:49,760 --> 00:09:54,920 Sean Aylmer: having chaired the company for nine years. Ups executive Chris Charlton. 194 00:09:55,000 --> 00:09:56,240 Sean Aylmer: He'll also join the board. 195 00:09:56,800 --> 00:10:01,839 Michael Thompson: Advertising executive turned TV star turned controversial Quantust director Todd 196 00:10:01,840 --> 00:10:04,920 Michael Thompson: Sampson has resigned from the board of the national carrier. 197 00:10:05,040 --> 00:10:08,000 Sean Aylmer: Sampson's been on the board since twenty fifteen, became something 198 00:10:08,040 --> 00:10:11,040 Sean Aylmer: of a lightning rod for shareholders. That was during the 199 00:10:11,120 --> 00:10:14,560 Sean Aylmer: period where people were particularly upset with former chief executive 200 00:10:14,559 --> 00:10:17,679 Sean Aylmer: officer Alan Joyce. Now more than a third of shareholders 201 00:10:17,720 --> 00:10:20,840 Sean Aylmer: voted against Sampson's re election in the twenty twenty three 202 00:10:20,960 --> 00:10:24,280 Sean Aylmer: a GM. He'll eave in July, be replaced by Hewlett 203 00:10:24,280 --> 00:10:29,280 Sean Aylmer: Packard chief executive or HP Australia Chief executive Dion Wisler. 204 00:10:29,559 --> 00:10:31,480 Michael Thompson: One of the great gigs, isn't it being on the 205 00:10:31,559 --> 00:10:32,520 Michael Thompson: contest board? 206 00:10:32,760 --> 00:10:35,600 Sean Aylmer: Did you see you're probably going there? What you get 207 00:10:35,640 --> 00:10:37,559 Sean Aylmer: when you leave if you've been there for a while. 208 00:10:37,679 --> 00:10:40,120 Michael Thompson: Yeah, indeed, and I think Joe Aston did a lot 209 00:10:40,120 --> 00:10:42,360 Michael Thompson: of work obviously on this when it was at the 210 00:10:42,480 --> 00:10:45,760 Michael Thompson: finn Review and talking about the fact that Quantus directors 211 00:10:46,400 --> 00:10:50,120 Michael Thompson: and their spouse and their children all get a certain 212 00:10:50,120 --> 00:10:52,760 Michael Thompson: amount of flights every year and it continues for one 213 00:10:52,840 --> 00:10:56,120 Michael Thompson: year for every year that you served. And so for instance, 214 00:10:56,160 --> 00:10:58,000 Michael Thompson: Todd Samson has been there for ten years, so ten 215 00:10:58,080 --> 00:11:00,960 Michael Thompson: years worth of flights, and it's three long haul trips 216 00:11:00,960 --> 00:11:03,920 Michael Thompson: a year and nine short haul trips per year. 217 00:11:04,040 --> 00:11:07,000 Sean Aylmer: For you don't think we're talking economy. 218 00:11:07,080 --> 00:11:10,480 Michael Thompson: It is the highest class on the flight. Whatever the 219 00:11:10,480 --> 00:11:14,400 Michael Thompson: flight is guaranteed highest class. Wow, extraordinary, isn't it? We 220 00:11:14,440 --> 00:11:17,920 Michael Thompson: can dream Sean. Turning to international news now, President Donald 221 00:11:17,960 --> 00:11:21,480 Michael Thompson: Trump says he isn't joking about trying to serve our 222 00:11:21,520 --> 00:11:24,319 Michael Thompson: third term, which is the clearest indication yet that he 223 00:11:24,400 --> 00:11:27,080 Michael Thompson: is looking for ways to overcome what is a very 224 00:11:27,160 --> 00:11:31,439 Michael Thompson: clear constitutional barrier against continuing to leave the country. 225 00:11:32,040 --> 00:11:35,200 Sean Aylmer: In a telephone interview with NBC News from Mari Lago, 226 00:11:35,360 --> 00:11:37,520 Sean Aylmer: his private club, Donald Trump said, and I, quote, there 227 00:11:37,520 --> 00:11:41,240 Sean Aylmer: are methods which you could do it. End quote. He 228 00:11:41,440 --> 00:11:43,360 Sean Aylmer: also added that it's far too early to think about 229 00:11:43,440 --> 00:11:46,839 Sean Aylmer: him and a twenty second amendment added to the Constitution 230 00:11:46,920 --> 00:11:49,839 Sean Aylmer: in nineteen fifty one, after President Franklin D. Roosevelt was 231 00:11:49,880 --> 00:11:53,120 Sean Aylmer: elected four times in a row. It says, I quote, 232 00:11:53,200 --> 00:11:55,360 Sean Aylmer: no person that shall be elected to the office of 233 00:11:55,400 --> 00:11:58,680 Sean Aylmer: the president more than twice. Any attempt to remain in 234 00:11:58,720 --> 00:12:03,079 Sean Aylmer: office would be legally aspect. Authorities say it's actually unclear 235 00:12:03,160 --> 00:12:06,280 Sean Aylmer: how seriously Trump might pursue the idea, although he was asked, well, 236 00:12:06,360 --> 00:12:09,800 Sean Aylmer: would you push JD Vance to become president and you 237 00:12:09,920 --> 00:12:13,400 Sean Aylmer: be vice president and then take over? And Trump said, 238 00:12:13,400 --> 00:12:14,400 Sean Aylmer: will you could think about that? 239 00:12:14,640 --> 00:12:17,600 Michael Thompson: Yeah? Yeah, didn't have any other suggestions on other ways 240 00:12:17,600 --> 00:12:19,880 Michael Thompson: to potentially do it. That was the only real clear 241 00:12:20,080 --> 00:12:23,880 Michael Thompson: kind of idea. The president has also been quite vocal 242 00:12:25,200 --> 00:12:28,960 Michael Thompson: talking about Russian President Vladimir Putin, saying he is quote 243 00:12:29,040 --> 00:12:31,800 Michael Thompson: very angry end quote pissed off. 244 00:12:34,360 --> 00:12:37,560 Sean Aylmer: Are you surprised it comes after weeks of trying to 245 00:12:37,600 --> 00:12:41,080 Sean Aylmer: negotiate a seasfire between Russia and Ukraine. It was always 246 00:12:41,080 --> 00:12:44,120 Sean Aylmer: going to come to something like this. In an NBC 247 00:12:44,360 --> 00:12:46,520 Sean Aylmer: News interview, the US President said he was angry with 248 00:12:46,600 --> 00:12:52,360 Sean Aylmer: Putin for attacking Ukrainian President Vladimir Zelenski's credibility. Hmm, okay, 249 00:12:52,520 --> 00:12:55,240 Sean Aylmer: I'm feeling he did the same thing. He's threatened to 250 00:12:55,240 --> 00:12:58,520 Sean Aylmer: impose the fifty percent tariffrom countries buying Russian oil if 251 00:12:58,679 --> 00:12:59,960 Sean Aylmer: Putin didn't agree. 252 00:12:59,640 --> 00:13:03,600 Michael Thompson: To a I also enjoyed the fact that the Liberation 253 00:13:03,760 --> 00:13:07,360 Michael Thompson: Day tariffs were originally going to be on April one, 254 00:13:07,920 --> 00:13:12,360 Michael Thompson: but that he moved that to April two to avoid 255 00:13:12,679 --> 00:13:15,640 Michael Thompson: people thinking that there was any kind of joke component 256 00:13:15,720 --> 00:13:18,040 Michael Thompson: to it, because he wanted people to understand just how 257 00:13:18,080 --> 00:13:21,079 Michael Thompson: serious he was, so moved from April one to April too. 258 00:13:21,120 --> 00:13:23,680 Michael Thompson: That'll do it one more Sean, how about this, Ali 259 00:13:23,760 --> 00:13:28,400 Michael Thompson: Barber Group and BMW will team up to produce artificial 260 00:13:28,520 --> 00:13:31,200 Michael Thompson: intelligence for cars in China. 261 00:13:31,559 --> 00:13:35,440 Sean Aylmer: Pretty cool. BMW will adopt AI cockpit technology from Ali 262 00:13:35,480 --> 00:13:38,719 Sean Aylmer: Barber back ben Maar for its upcoming models tailor for 263 00:13:38,760 --> 00:13:41,920 Sean Aylmer: the Chinese market. Now, the InCAR AI agent can offer parking, 264 00:13:42,360 --> 00:13:47,240 Sean Aylmer: nearby restaurant recommendations, real time traffic. Look you like that one, 265 00:13:47,280 --> 00:13:47,600 Sean Aylmer: don't you? 266 00:13:47,800 --> 00:13:51,680 Michael Thompson: Real time traffic information. Yes, that's awesome. 267 00:13:51,760 --> 00:13:54,000 Sean Aylmer: That is awesome. So turn left, turn right, off your game, 268 00:13:54,120 --> 00:13:55,800 Sean Aylmer: we know where we go. They can't make his building 269 00:13:55,800 --> 00:13:59,080 Sean Aylmer: a new intelligent personal assistant with enhanced voice recognition and 270 00:13:59,080 --> 00:14:01,720 Sean Aylmer: trip planning features. It'll be rolled out over the next 271 00:14:01,800 --> 00:14:05,240 Sean Aylmer: year in new models produced in China. Now, Alibama has 272 00:14:05,240 --> 00:14:09,400 Sean Aylmer: been aggressively pivoting its focus to AI pleaging to invest 273 00:14:09,440 --> 00:14:12,840 Sean Aylmer: more than eighty three billion dollars on AI infrastructure such 274 00:14:12,840 --> 00:14:15,280 Sean Aylmer: as data centers over the next three years. This is 275 00:14:15,280 --> 00:14:17,800 Sean Aylmer: happening in China, but this is kind of a glimpse 276 00:14:17,800 --> 00:14:20,120 Sean Aylmer: into the future of what we could all be getting. 277 00:14:20,520 --> 00:14:23,320 Michael Thompson: That is a great story, cool story, fascinating stuff. Okay. 278 00:14:23,440 --> 00:14:25,520 Michael Thompson: Up next is the Fear and Greed Daily Interview with 279 00:14:25,560 --> 00:14:28,280 Michael Thompson: Peter Hartcher from the Sydney Morning Herald and the age 280 00:14:28,320 --> 00:14:30,080 Michael Thompson: that is in the Fear and Greed playlist on your 281 00:14:30,080 --> 00:14:32,800 Michael Thompson: podcast platform or at Fearandgreed dot com dot a you 282 00:14:32,840 --> 00:14:34,360 Michael Thompson: and keep an eye on your playlist as well. At 283 00:14:34,400 --> 00:14:37,480 Michael Thompson: midday today there is a new episode of Ask Fear 284 00:14:37,480 --> 00:14:39,640 Michael Thompson: and Greed where we answer questions. Today we're taking a 285 00:14:39,640 --> 00:14:42,520 Michael Thompson: look at the share market, the fall in the share market, 286 00:14:42,560 --> 00:14:45,600 Michael Thompson: and what it actually means for your superannuation. So I 287 00:14:45,720 --> 00:14:50,920 Michael Thompson: must listen. Yeah, I might be overset. I'm not overselling it. 288 00:14:51,240 --> 00:14:51,560 Sean Aylmer: You're not. 289 00:14:52,000 --> 00:14:54,200 Michael Thompson: I'm going to stick with it. I must listen. Thanks Sean, 290 00:14:54,280 --> 00:14:56,680 Michael Thompson: Thanks Michael. It is Tuesday, the first of April twenty 291 00:14:56,680 --> 00:14:59,280 Michael Thompson: twenty five. Make sure you're following the podcast and please 292 00:14:59,360 --> 00:15:03,080 Michael Thompson: join us online on LinkedIn, Instagram, ex TikTok and Facebook. 293 00:15:03,120 --> 00:15:07,840 Michael Thompson: Oh Michael Thompson, Outsphere and Greed have a great day.