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Speaker 1: Today on Fear and Greed. Prime Minister Anthony Albanesi has

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Speaker 1: told the country to take a chill pill when it

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Speaker 1: comes to Donald Trump, with the US president's proposal for

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Speaker 1: America to take over Gaza getting different responses from local leaders.

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Speaker 1: Business confidence picks up as the outlook for interest rates

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Speaker 1: improves and Tasmania turns out to be the healthiest place

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Speaker 1: in the country to live. Plus the rav four takes

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Speaker 1: the top spot in car sales and American footballers coming

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Speaker 1: to the MCG Welcome to Fear and Greed, Daily business

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Speaker 1: news for people who make their own decisions. It is Friday,

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Speaker 1: the seventh of February twenty twenty five. I'm Michael Thompson

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Speaker 1: 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 Albanesi has

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Speaker 1: basically said that Australians need to take a chill pill

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Speaker 1: when it comes to Donald Trump and not react to

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Speaker 1: every statement that he makes.

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Speaker 2: Maybe, but isn't he the President of the United States.

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Speaker 1: If we can't react to the President of the United

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Speaker 1: States statements, then whose statements can we react to.

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Speaker 2: Mister Albanesi said that we need to sit back and

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Speaker 2: not react to everything. He says. The Prime Minister and

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Speaker 2: government ministers have been dodging questions on Trump's changing policy

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Speaker 2: decisions for days. On ABC News Breakfast yesterday, Missra Alberanzi,

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Speaker 2: he said, I'm going to quote him. There's been two

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Speaker 2: different positions in the last week on Canada and on tariffs,

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Speaker 2: and that points towards the need to sit back and

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Speaker 2: not comment on every statement that is made every day. Well, really,

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Speaker 2: mister Prime Minister, given he is the president of the

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Speaker 2: US Misstra, Albenzi stood firm on Australia's long running position

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Speaker 2: for a bipartisan two state solution in the Middle East.

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Speaker 2: Earlier in the week, Donald Trump suggested that the US

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Speaker 2: take over Gaza and shift Palestinians to other countries caused

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Speaker 2: global outraging. In the last twenty four hours, lots of

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Speaker 2: global leaders that's come out and saidn't that we disagree

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Speaker 2: with that, not least those countries who mister Trump expects

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Speaker 2: to take the Palestinians.

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Speaker 1: Yeah, and Peter Dutton has had a different response to

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Speaker 1: the proposal. He said, Donald Trump, this is a quote,

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Speaker 1: has a very different approach than his predecessors. He has

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Speaker 1: a business approach, and then he added that if we

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Speaker 1: can see a plan that has peace and stability restored

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Speaker 1: to the region, then would I support that.

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Speaker 2: So is clearly equivocating.

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Speaker 1: Yes, yeah, yeah, it appears to be the case. But

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Speaker 1: I'm a little bit kind of wary of this idea

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Speaker 1: that we shouldn't be reacting and commenting on what the

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Speaker 1: presidents of the United States says, because otherwise it does

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Speaker 1: have that feel of you have to wait until there

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Speaker 1: is a final policy and a final decision that's been made,

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Speaker 1: and that's just not the way it works, is it.

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Speaker 2: Na And yesterday, after Donald Trump had made his comments

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Speaker 2: back Gaza, the White House did a lot of work

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Speaker 2: to try and draw him back from it, or at

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Speaker 2: least draw the public opinion back from what he actually said. Yeah, yeah, yeah, yeah, yeah.

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Speaker 2: Funny times, Michael, funny times.

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Speaker 1: I think that sums it up very very well. I'll

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Speaker 1: be interested to see how that appears on the transcript

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Speaker 1: of this podcast, Sean Locally, much exciting happened yesterday in

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Speaker 1: Question Time.

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Speaker 2: Well, Peter Dunton, the Opposition are still very much focusing

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Speaker 2: on anti Semitism and when the Prime Minister did or

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Speaker 2: didn't know about a caravan full of explosives in Northwest

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Speaker 2: Sydney that was found by the Traian Federal Police. When

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Speaker 2: the Prime Minister knew about that vis a v when

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Speaker 2: the Premier of New South Wales chrismansk you about that

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Speaker 2: seems to be a point of attack from the opposition.

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Speaker 2: One thing they did do, yes say the opposition is

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Speaker 2: push a little bit more into the cost of living debate.

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Speaker 2: Now in the newsletter this week we talked about the

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Speaker 2: fact that the Albani that the opposition hasn't really pushed

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Speaker 2: the cost of living too hard and the political cycle

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Speaker 2: is working against the opposition on this one because the

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Speaker 2: cost of living is actually improving. And interestingly yesterday in

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Speaker 2: question time they did push into that just a little

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Speaker 2: bit more.

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Speaker 1: And just before we leave politics, Shawn New South Wales

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Speaker 1: has passed expanded anti vilification and intimidation laws on the

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Speaker 1: back of a spate of hate crimes targeting Jewish communities,

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Speaker 1: though the new laws could soon be superseded by federal

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Speaker 1: laws that passed the Senate yesterday. Perpetrators of anti Submitic

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Speaker 1: crimes in New South Wales can face up to two

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Speaker 1: years in jail. This is a whole new package of

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Speaker 1: laws that's aimed at stamping out racially and religiously motivated violence.

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Speaker 1: The changes include a new criminal offense for intentionally inciting

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Speaker 1: racial hatred, with a proposed maximum penalty of two years

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Speaker 1: behind bars. It was interesting to hear Premier Chris Mins

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Speaker 1: talking about He said New South Wales could not wait

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Speaker 1: for federal laws, even though that new hate speech legislation

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Speaker 1: was set to pass Parliament in Canberra and pass the

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Speaker 1: Senate yesterday. That legislation is set to include mandatory minimum

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Speaker 1: sentences for hate speech. There is a lot of action

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Speaker 1: quite quickly now on this one.

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Speaker 2: Sean, Yeah, there's also a lot of angst in the

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Speaker 2: Labor Party about the mandatory minimum sentences. So Kim Karr,

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Speaker 2: a former federal politician, came out against the idea that

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Speaker 2: Labor would include mandatory minimum sentences for hate speech. It's

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Speaker 2: not a philosophy that Labor has ever followed, but I

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Speaker 2: think the government felt it needed to do it. Interestingly,

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Speaker 2: Chris Mins yesday, the New South Wild Premier, came out

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Speaker 2: and said basically, which ever legislation was tougher would be

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Speaker 2: applied to anyone court vilifying or intimidating people.

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Speaker 1: Turning away from politics. Now, Sean, it's a bit of economics.

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Speaker 1: I just I can see you just you relaxed into

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Speaker 1: that as.

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Speaker 3: Soon as I said that here something I know about

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Speaker 3: business confidence, Sean is up a bit a bit and

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Speaker 3: buss as conditions remain stable, though corporates are more upbeat

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Speaker 3: about the next twelve months compared to the last twelve months.

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Speaker 2: That's right. That's the finding from the National Australia Bank

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Speaker 2: Business Confidence and Business Conditions Survey for the December quarter.

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Speaker 2: Conditions were steady last quarter, but significantly business expects better

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Speaker 2: times in twenty twenty five. They expect to make bigger investments.

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Speaker 2: That's very good for the economy. That reflects hopes of

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Speaker 2: lower interest rates, recovering consumer demand, easing cost of growth. Also,

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Speaker 2: there's an improvement in medium to long term inflation expectations.

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Speaker 2: The big thing for businesses still is wages zone. They're

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Speaker 2: worried about wage costs growing too fast, but otherwise they're

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Speaker 2: kind of okay with what's going on in the economy.

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Speaker 2: It's good news because we need business to be confident,

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Speaker 2: we need them to invest. They think the next twelve

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Speaker 2: months will be better than the last twelve months. Therefore,

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Speaker 2: they'll invest more that actually creates jobs. Now we see

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Speaker 2: it in the share market a strong day, Yester. The

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Speaker 2: share market will come to that a bit later. We're

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Speaker 2: also seeing it among small businesses, and of course small

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Speaker 2: business is the lifeblard of this economy. So good news

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Speaker 2: all round.

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Speaker 1: Yeah, certainly is all right. We've got a lot still

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Speaker 1: to come. Sean, we're talking about the rab four, We're

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Speaker 1: talking about the NFL games at the MCG and why

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Speaker 1: the whole country should move to Tasmania. I love that story.

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Speaker 1: We'll be back in a moment with the rest of

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Speaker 1: the day's business news, Sean. Rio Tinto is looking at

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Speaker 1: green energy for its massive aluminium smelter in Queensland, increasingly

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Speaker 1: confident that batteries can provide a solution to the intermittency

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Speaker 1: of renewables. I I get this is an inside baseball story.

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Speaker 1: Little it might seem a little bit inconsequential to some people,

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Speaker 1: but Michael, this is big, big news. In fact, I

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Speaker 1: might even grab this as a sleeper store for the

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Speaker 1: weekend edition. Seriously, that's a big call. But having said that,

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Speaker 1: having said that, Adam Lange, who judges our competition on

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Speaker 1: the weekend edition, will hear you say that, and you've

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Speaker 1: kind of warned him, so he's not going to be

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Speaker 1: surprised when he busted out of a weekend edition tomorrow.

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Speaker 2: So the deal with extical mistake era error, Yes, error,

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Speaker 2: the deal here. Aluminium smelters they use massive amounts of energy.

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Speaker 2: In fact, they're one of the most energy intensive industrial

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Speaker 2: processes around. Smelters run twenty four hours a day. Renewal

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Speaker 2: will struggle to provide consistent energy. Hard to get soul

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Speaker 2: or energy when the sun's not up, isn't it. Rio

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Speaker 2: is now saying the falling cost of batteries and an

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Speaker 2: improved ability to store energy means that maybe fy a

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Speaker 2: better use of batteries. These smelters can run twenty four

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Speaker 2: hours a day on green energy. The batteries they're caught

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Speaker 2: firming power basically batteries kicking when solar and wind are

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Speaker 2: at low ebbs, then you use the battery power. If

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Speaker 2: you can do this at smelters, and this is why

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Speaker 2: this is exciting, this is why it's consequential. If you

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Speaker 2: can do it at something like a smelter, which uses

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Speaker 2: a massive amount of energy, it suggests that you can

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Speaker 2: do it at other places. Rio has never spoken about this,

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Speaker 2: about the idea of using green energy twenty four to

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Speaker 2: seven at almenium smelters until yesterday. Big deal.

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Speaker 1: That is a terrific story, Sean, it is a terrific story.

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Speaker 1: I will not admit. I will not admit that again,

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Speaker 1: especially not in the weekend edition tomorrow. But I will

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Speaker 1: concede great story. Online property group ARIA has kicked off

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Speaker 1: earning season, announcing a twenty six percent jump in profit,

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Speaker 1: triggering a three percent rise in its share price.

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Speaker 2: ARIA is controlled by News Corporation. It's the largest property

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Speaker 2: listings platform in the country. Its share price is up

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Speaker 2: thirteen percent in just three weeks, thirty five percent five

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Speaker 2: months after it walked away from bid for a UK

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Speaker 2: property group. Basically the last six months, I say, plenty

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Speaker 2: of listings have been able to charge good money for

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Speaker 2: those sales. Volumes across the sector is pretty good and

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Speaker 2: buyers are benefiting from moderation and price growth. So for

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Speaker 2: a company like RIA or Domain, it's not so much

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Speaker 2: about whether the prices are going up or down. It's

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Speaker 2: just that places are selling. Because when people are selling

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Speaker 2: a place, they take out ads in RIA or Domain.

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Speaker 2: That's how they make their money. The boss of Aria,

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Speaker 2: a guy called Owen Wilson. He's been there for six years.

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Speaker 2: He also announced, yes so that he'll be stepping down

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Speaker 2: and he's leaving at a time when the business is

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Speaker 2: doing very well.

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Speaker 1: Now you mentioned News Corporation, they're the jump in Aria's

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Speaker 1: revenue and profit helped news corpse overall results.

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Speaker 2: Sure did. A News Corps share price was up five

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Speaker 2: percent yesterday on the ASX best of the top two hundred.

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Speaker 2: The media conglomerate reported an increase in revenue and in earnings.

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Speaker 2: It owns a big chunk of Ria. It also owns

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Speaker 2: The Australian Here, it owns The Times of Blood Wall

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Speaker 2: Street Journal, Dow Jones. Currently it owns Foxtel and Harper Collins,

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Speaker 2: though at the moment it is selling that in a

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Speaker 2: three point all those two businesses and a three point

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Speaker 2: four billion dollar deal.

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Speaker 1: What about the rest of the market. Much happened yesterday.

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Speaker 2: I'm not sure what to make of this one, Michael,

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Speaker 2: but the fact that Donald Trump in that twenty four

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Speaker 2: hour period took an interest in the Middle Eastern Gaza

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Speaker 2: and did not speak about tariffs, that was enough to

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Speaker 2: push the local share market higher. If you ever want

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Speaker 2: an example of a skittish share market. The fact that

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Speaker 2: the president doesn't speak about something is a great example.

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Speaker 1: That's fantastic. So Marke took a chill pill.

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Speaker 2: They took well, they did. They were listening to the

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Speaker 2: Prime minister. You're right. The market itself finished up more

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Speaker 2: than one percent. Interest right sensitive stocks did best. Wes

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Speaker 2: Farmers was one of the best. It was up three percent.

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Speaker 2: The banks also did really well. Calm Off Bank, NAB,

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Speaker 2: West Pac, ains en all up two percent somewhere to

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Speaker 2: two and a half percent.

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Speaker 1: And what's happening in international markets.

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Speaker 2: Sean gold sitting around twenty eight seventy US dollars an ounce.

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Speaker 2: Oil has come off again after Donald Trump downplayed earlier

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Speaker 2: comments that he wanted to blow Iran to smithereens. So

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Speaker 2: that's what he actually said, then he downplayed it. Apparently

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Speaker 2: he doesn't want to blow up Iran or blow Iran

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Speaker 2: to smithereens. That helped oil prices. There's something called the

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Speaker 2: Bloomberg Commodity Total Return Index, A bit of a mouthful.

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Speaker 2: It's a basket of twenty four energy, metals and agricultural futures.

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Speaker 2: It's up six percent this year, highest since twenty twenty two. Basically,

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Speaker 2: gold prices, coffee beans, high corn, and soybean prices have

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Speaker 2: all pushed this index of soft and hard commodities higher

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Speaker 2: and it just suggests the outlook for commodities is good.

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Speaker 2: That's a good thing for Australia and Sean.

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Speaker 1: I mentioned earlier the Toyota Rav four and the fact

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Speaker 1: that it has knocked off the trade's friends the Ford

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Speaker 1: Ranger Ute and the Toyota Highlux to now be the

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Speaker 1: highest selling car in the country. And the thing that

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Speaker 1: really got me from these figures is that EV sales

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Speaker 1: are at their lowest as a proportion of new cars

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Speaker 1: purchased in more than two years. It shows how hybrids

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Speaker 1: are now the environmentally aware car of choice. In January,

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Speaker 1: hybrids were seventeen percent of cars sold. Evs right just

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Speaker 1: four point four percent of total sales. This is according

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Speaker 1: to the Federal Chamber of Automotive Industries. Total new vehicle

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Speaker 1: sales last month just under eighty seven thousand. It's down

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Speaker 1: from a year ago. For the month, the biggest manufacturers Toyota, Mazda, Ford, Kia,

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Speaker 1: Yeah and Mitsubishi.

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Speaker 2: It still surprises me that you never see holding on

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Speaker 2: the list I mean in twenty twenty one the brand

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Speaker 2: was retired from Australia, so they make hold anymore. But

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Speaker 2: you know it's hard when you've lived in Australia for

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Speaker 2: some of us are old, even you, Michael, you miss it?

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Speaker 2: You do? Was it football, meat pies and Holden cars?

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Speaker 2: You act?

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Speaker 1: Yeah, yeah, totally. Anyway, can we talk about Tasmania?

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Speaker 2: Yes, yes, yes, yes, I know you love the story.

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Speaker 1: I love it. This is fascinating that Tasmania, perhaps unsurprisingly,

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Speaker 1: has emerged as the healthiest place to live in the

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Speaker 1: country with lower environmental risks. I would understand that better

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Speaker 1: climate conditions resulting in a lower mortality rate compared to

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Speaker 1: other places around the country.

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Speaker 2: The study by public health researchers at Monash University, reported

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Speaker 2: in the Finn Review, looked at two thousand cities and

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Speaker 2: towns in suburbs across the nation, combined at data on

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Speaker 2: a dozen different factors contributing to health, so things like

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Speaker 2: air quality, access to green spaces, temperature, socioeconomic factors, as

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Speaker 2: well as things like diovascular disease and other indicators. Darwin, Tasmania,

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Speaker 2: came out on top. Darwin actually was at the bottom

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Speaker 2: of the Environmental Quality Health Index. That was mostly due

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Speaker 2: to extreme heat and low incomes. After Hobart, we had Melbourne, Adelaide, Sydney, Brisbane,

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Speaker 2: Perth in Canberra and that was in order. Generally, rural

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Speaker 2: areas generally fared worse than urban areas. It's the second

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Speaker 2: time this study is being done and what it does

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Speaker 2: show even though Darwin's at the bottom of the heap,

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Speaker 2: it's improving, as is Perth, whereas the other cities aren't.

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Speaker 2: The game the wrong way.

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Speaker 1: Victorian Premier Justinta Allen has confirmed the state will host

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Speaker 1: National Football League games American football, with the first game

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Speaker 1: held next year at the MCG. That is going to

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Speaker 1: be a heck of a spectacle.

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Speaker 2: There were an average of twenty million Americans tuned into

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Speaker 2: each NFL game last year and then yeah, I mean

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Speaker 2: there's millions of other international viewers, but just US twenty

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Speaker 2: million average.

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Speaker 1: That's a lot of people. When we get you get

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Speaker 1: two million people tuning into something in Australia that's considered

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Speaker 1: a success.

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Speaker 2: Well, the AFL Grand Final and State of Origin. That's

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Speaker 2: the sort of numbers you're talking about them and they're

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Speaker 2: the biggest games of the year.

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Speaker 1: So crazy staggering figures.

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Speaker 2: Yeah, the Los Angeles Rams will be the mcg's host team.

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Speaker 2: The games wei part of the NFL's regular season. The

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Speaker 2: contract with the NFL is for two games, with an

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Speaker 2: option for the third. Now listened to Alan that said

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Speaker 2: the multi year deal was another touchdown for the sporting

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Speaker 2: capital of Australia. Here you go, but she wouldn't comment

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Speaker 2: on the price of the deal, said it was commercial

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Speaker 2: in confidence, but American football is coming to the.

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Speaker 1: G immediately after the show, Sean, good timing for this conversation.

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Speaker 1: You're speaking with Ben Willie from Spinach Advertising.

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Speaker 2: Yeah, it is very timely because of course the Super

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Speaker 2: Bowl is on Monday morning our time. So we talked

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Speaker 2: to Ben all about the I think seven million dollars

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Speaker 2: thirty second spots in the Super Bowl. We also talked

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Speaker 2: to him about Sam Kerb and her auning potential given

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Speaker 2: that the furor that's going on in the UK at

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Speaker 2: the moment, and he is very upfront about what this

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Speaker 2: means for Sam Kerr and it ain't great news.

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Speaker 1: Were worth a listen, Yeah, indeed, it's coming up after

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Speaker 1: the show, so I stick around for that one. Turning

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Speaker 1: into international news. Now, last month Sean was the hottest

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Speaker 1: January on record, surprising scientists who actually expected the cooling

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Speaker 1: La Nina weather cycle in the tropical Pacific to slow

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Speaker 1: almost two years of record high temperatures.

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Speaker 2: January ranked as the third hottest month globally on record,

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Speaker 2: with the service air temperature of thirteen point two to

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Speaker 2: three degrees celsius, one point seventy five degrees celsius above

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Speaker 2: the pre industrial average, according to the Copernicus Climate Change

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Speaker 2: Service that's the EU's Earth observation agency. The warming is

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Speaker 2: set to fuel concerns that climate change is accelerating at

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Speaker 2: a time when countries such as the US pull back

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Speaker 2: on commitments to reduce emissions. Emeritus Professor of JF Physical

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Speaker 2: and Climate has at UCL Bill McGuire said the data

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Speaker 2: was I quote both astonishing and frankly terrifying. On the

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Speaker 2: basis of the Valentia floods in the apocalyptic Los Angeles wildfires,

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Speaker 2: I don't think there can be any doubt the dangerous

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Speaker 2: or pervasive climate breakdown has arrived.

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Speaker 1: Global consulting firm McKinzie is considering withdrawing from China, worried

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Speaker 1: that doing business there isn't worth the risk given the

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Speaker 1: tense relationship between Washington and Beijing.

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Speaker 2: Interesting this one. Some senior partners at McKinsey have been

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Speaker 2: voicing concerns since late last year, even before Donald Trump

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Speaker 2: was reelected. According to Bloomberg, the lucrative North American business,

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Speaker 2: they argue, can more than offset a China retreat. Currently,

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Speaker 2: McKinsey has offices in one hundred and thirty cities sixty

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Speaker 2: five countries. It has a stated goal to expand, not shrink.

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Speaker 2: If you take a bigger look here, a record number

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Speaker 2: of US companies in China thirty percent are thinking of

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Speaker 2: moving some operations out of the country or already doing so,

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Speaker 2: according to a survey from the Australia Chamber of Commerce

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Speaker 2: in China. It just demonstrates how what's happening at the

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Speaker 2: political level affixed businesses. Yeah.

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Speaker 1: Absolutely. A quick update on a story that we talked

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Speaker 1: about yesterday, Sean. The US Postal Service has backflipped on

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Speaker 1: a plan not to accept parcels from China and Hong Kong.

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Speaker 1: The confusion is over duties that need to be paid

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Speaker 1: on all parcels, big and small. After Donald Trump upped

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Speaker 1: tariffs on Chinese goods by ten percent. A bit of

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Speaker 1: an update there.

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Speaker 2: I think that we're talking about one and a half

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Speaker 2: million parcels every day, not being I reckon. You'd have

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Speaker 2: to flip on that one.

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Speaker 1: Oh yeah, otherwise just the backlog would be catastrophic. Up

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Speaker 1: next is the Fear and Greed Daily Interview with Ben

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Speaker 1: Willy from Spinach Advertising. It is coming up in the

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Speaker 1: Fear and Greed playlist on your podcast platform or at

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Speaker 1: fearangreed dot com dot au, and keep an eye on

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Speaker 1: your playlists well. At midday today a new episode of

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Speaker 1: Ask Fear and Greed where we answer listener questions and

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Speaker 1: please if you have your own questions that you would

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Speaker 1: like us to answer, could be anything to do with

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Speaker 1: business or the economy, or anything at all, actually relationship advice.

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Speaker 1: Perhaps we can venture into that space. Send it on

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Speaker 1: through via the website Fearangreed dot com today you or

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Speaker 1: any of the social media platforms. Thank you very much, Sean,

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Speaker 1: Thank you.

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Speaker 2: Michael.

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

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

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

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Speaker 1: and that was Fear and greed, have a great day,