1 00:00:06,240 --> 00:00:08,880 Speaker 1: This is the Saturday edition of Fear and Greed business 2 00:00:08,880 --> 00:00:11,560 Speaker 1: news you can use. I'm Michael Thompson and good morning, 3 00:00:11,600 --> 00:00:12,360 Speaker 1: Sean Aylmer. 4 00:00:12,600 --> 00:00:14,840 Speaker 2: Good morning Michael, now Sewan. 5 00:00:14,880 --> 00:00:16,560 Speaker 1: Our Saturday show was all about the two of us 6 00:00:16,640 --> 00:00:19,639 Speaker 1: nominating what we think is the biggest business story of 7 00:00:19,680 --> 00:00:23,200 Speaker 1: the week, the most remarkable business story, a mystery category. 8 00:00:23,239 --> 00:00:25,480 Speaker 1: We've got a good one this week, and then our 9 00:00:25,600 --> 00:00:29,240 Speaker 1: favorite story of the week, and we are joined by 10 00:00:29,360 --> 00:00:31,760 Speaker 1: a judge to pick a winner because this is a 11 00:00:31,800 --> 00:00:34,559 Speaker 1: competition and we are both very competitive, and that judge 12 00:00:34,600 --> 00:00:39,640 Speaker 1: is our Fear and Greed colleague, Adam Lang Adam, good morning, Hello, Michael, 13 00:00:39,720 --> 00:00:40,680 Speaker 1: Hello Sean. 14 00:00:40,520 --> 00:00:44,519 Speaker 2: Helloa Danski. Lovely to have you back. Have about a 15 00:00:44,520 --> 00:00:46,840 Speaker 2: little better performance this week compared to last week. 16 00:00:47,520 --> 00:00:50,839 Speaker 1: I thought the judging last week was great challenge accepted. No, 17 00:00:51,479 --> 00:00:52,960 Speaker 1: it was a good result last week. It was a 18 00:00:53,000 --> 00:00:54,680 Speaker 1: great one to get us going because of course I 19 00:00:54,720 --> 00:00:56,600 Speaker 1: did win that one. But I'm going for two in 20 00:00:56,640 --> 00:00:59,880 Speaker 1: a row, biggest story of the week. So I'm very 21 00:01:00,040 --> 00:01:03,560 Speaker 1: confident today. Short, I'm sorry, clearly, shall I jump in 22 00:01:03,840 --> 00:01:06,840 Speaker 1: a bigger story? That's how confident I am there is 23 00:01:06,920 --> 00:01:09,920 Speaker 1: this is the biggest story. Adam actually, just quickly, what 24 00:01:09,959 --> 00:01:11,880 Speaker 1: are you looking for? I know you're looking for economic 25 00:01:11,959 --> 00:01:14,160 Speaker 1: importance and melodrama, and they're the two main ones. 26 00:01:14,600 --> 00:01:21,039 Speaker 3: Yeah, not really, topicality, timeliness and economic impact the main ones. 27 00:01:21,080 --> 00:01:25,160 Speaker 3: And then yes, subjective bias and melodrama. 28 00:01:26,319 --> 00:01:29,679 Speaker 1: Did you just bump up topicality and timeliness to being 29 00:01:29,840 --> 00:01:35,600 Speaker 1: equivalent to economic impact? These criteria change every week, but Michael. 30 00:01:35,480 --> 00:01:37,240 Speaker 2: Let's face it, by the end of the show, a 31 00:01:37,240 --> 00:01:39,440 Speaker 2: new lista will be like, well, that had nothing to 32 00:01:39,480 --> 00:01:40,240 Speaker 2: do with what he said. 33 00:01:42,480 --> 00:01:46,680 Speaker 1: It really was about subjective bias, and then threw them away. 34 00:01:46,920 --> 00:01:50,680 Speaker 1: That's right, good, good, good. I like this biggest story 35 00:01:50,800 --> 00:01:54,880 Speaker 1: of the week, Adam. There is and only was one 36 00:01:54,960 --> 00:01:57,960 Speaker 1: story in town this week. So I'm still stretching as 37 00:01:58,000 --> 00:02:01,920 Speaker 1: I go, because mind, I'm limbering up as we do this. 38 00:02:02,920 --> 00:02:06,840 Speaker 1: Inflation inflation, and I'll say it again just to emphasize 39 00:02:06,880 --> 00:02:11,560 Speaker 1: the point. Inflation. Underlying inflation came in higher than expected. 40 00:02:11,680 --> 00:02:13,840 Speaker 1: So I'm just I'm cutting out all the extra stuff 41 00:02:14,200 --> 00:02:16,440 Speaker 1: this week. I'm just going just for the guts of it. 42 00:02:16,880 --> 00:02:20,120 Speaker 1: The thing that really matters. Underlying inflation higher than expected 43 00:02:20,160 --> 00:02:22,880 Speaker 1: than it is in the December quarter, higher than economists 44 00:02:22,880 --> 00:02:26,040 Speaker 1: we're expecting higher than the Reserve Bank was expecting. Add 45 00:02:26,080 --> 00:02:28,360 Speaker 1: to that the very strong labor marketers we learned about 46 00:02:28,400 --> 00:02:32,120 Speaker 1: the week before, and suddenly, Adam and Sean, I suppose, 47 00:02:32,160 --> 00:02:35,000 Speaker 1: but I'm just really just talking to you, Adam. It 48 00:02:35,080 --> 00:02:38,840 Speaker 1: is looking very, very very likely that we will be 49 00:02:38,840 --> 00:02:41,200 Speaker 1: getting an interest rate hike when the Reserve Bank Board 50 00:02:41,280 --> 00:02:45,720 Speaker 1: meets next week. All four major banks are predicting a 51 00:02:45,840 --> 00:02:49,800 Speaker 1: hike if you are a homeowner with a mortgage strap in. 52 00:02:50,919 --> 00:02:55,400 Speaker 1: And that's all. That's it, done, brief and brilliant. 53 00:02:56,200 --> 00:02:59,560 Speaker 2: Like sorry, this is exactly the same story as last week, 54 00:03:00,080 --> 00:03:04,320 Speaker 2: except you switched the word unemployment with inflation. 55 00:03:04,520 --> 00:03:08,160 Speaker 3: Guilty edit replace that's it. 56 00:03:08,520 --> 00:03:12,639 Speaker 2: You've just swapped words, Sean, and I mean, admittedly you won. 57 00:03:13,200 --> 00:03:15,960 Speaker 1: It is an evolving story, the thing like that. I mean, 58 00:03:16,560 --> 00:03:17,919 Speaker 1: it's a two week deal. 59 00:03:18,280 --> 00:03:21,280 Speaker 2: No, I mean sorry. If Adam actually gives you this 60 00:03:21,440 --> 00:03:24,880 Speaker 2: as well, it is you know you can't you won 61 00:03:24,960 --> 00:03:25,880 Speaker 2: the last week. 62 00:03:26,680 --> 00:03:29,160 Speaker 1: I love it. I love the fact that you can't 63 00:03:29,200 --> 00:03:31,520 Speaker 1: deny that this is the biggest story. You're just trying 64 00:03:31,520 --> 00:03:34,120 Speaker 1: to get me on a technical Good luck to you, sir. 65 00:03:34,480 --> 00:03:38,600 Speaker 2: You No, it's the biggest subjective by story. But it's 66 00:03:38,640 --> 00:03:42,200 Speaker 2: definitely not the biggest story. What did you like because 67 00:03:42,240 --> 00:03:45,920 Speaker 2: the Osie dolopan above seventy US cents? Michael, you should 68 00:03:45,920 --> 00:03:48,120 Speaker 2: be happy about that because you're taking a holiday soon. 69 00:03:48,680 --> 00:03:52,680 Speaker 2: This matters these stories around yesterday that all these companies 70 00:03:52,720 --> 00:03:55,040 Speaker 2: selling obasseas aren't real happy about that because they're not 71 00:03:55,040 --> 00:03:57,560 Speaker 2: going to get the price or the demand. Because of 72 00:03:57,600 --> 00:04:01,760 Speaker 2: the Aussie dollar. We had a week you dollar. We 73 00:04:01,840 --> 00:04:04,200 Speaker 2: had Donald Trump coming out saying, oh, I don't care 74 00:04:04,200 --> 00:04:05,720 Speaker 2: if it falls, and then he kind of had to 75 00:04:05,760 --> 00:04:07,680 Speaker 2: back down on that one. We had the Federal Reserve 76 00:04:08,040 --> 00:04:11,840 Speaker 2: leaving rates on hold, and then the you know, social 77 00:04:11,920 --> 00:04:14,760 Speaker 2: media comment from Donald Trump, as you'd expect, gold hitting 78 00:04:14,760 --> 00:04:17,679 Speaker 2: a new record. What was it about? Fifty six hundred 79 00:04:17,760 --> 00:04:20,280 Speaker 2: US dollars a noun? Silver up four times over the 80 00:04:20,360 --> 00:04:23,840 Speaker 2: past four hundred percent over the past twelve months. Microsoft, 81 00:04:23,839 --> 00:04:26,200 Speaker 2: did you see that sell off? I'll tell you what. 82 00:04:26,680 --> 00:04:29,880 Speaker 2: It lost four hundred and forty billion US dollars in 83 00:04:30,000 --> 00:04:33,240 Speaker 2: one session twelve percent because it said we're spending a 84 00:04:33,240 --> 00:04:35,280 Speaker 2: lot on capex. And the analyst said, yeah, but how 85 00:04:35,320 --> 00:04:38,520 Speaker 2: are you monetizing it? There is a new world trading order, 86 00:04:38,560 --> 00:04:42,039 Speaker 2: and we saw it this week that affects every one 87 00:04:42,080 --> 00:04:45,279 Speaker 2: of us. It actually happened this week as opposed to 88 00:04:45,279 --> 00:04:47,080 Speaker 2: your story last week and your story this week about 89 00:04:47,120 --> 00:04:49,800 Speaker 2: something happening next week, which I complained last week about that. 90 00:04:49,920 --> 00:04:52,479 Speaker 2: But you know that subjectective bias jumps in all the time. 91 00:04:52,720 --> 00:04:55,840 Speaker 2: So on the basis that actually my story happened this 92 00:04:55,920 --> 00:05:00,640 Speaker 2: week as opposed to yours, and it matters by far, 93 00:05:00,800 --> 00:05:02,600 Speaker 2: is the biggest story of the week. I got it 94 00:05:02,720 --> 00:05:03,200 Speaker 2: fired up there. 95 00:05:03,200 --> 00:05:03,920 Speaker 3: I liked it. 96 00:05:04,000 --> 00:05:08,039 Speaker 1: Just two minor quick little quibbles there. Adam, I'm sure 97 00:05:08,080 --> 00:05:11,000 Speaker 1: you noticed that. Obviously the inflation data did come through 98 00:05:11,040 --> 00:05:13,359 Speaker 1: this week, but also that was a bit of an omnibus. 99 00:05:13,400 --> 00:05:15,880 Speaker 1: Don't you think that was what stories combined to that? 100 00:05:15,960 --> 00:05:18,400 Speaker 2: So global markets? 101 00:05:18,839 --> 00:05:23,960 Speaker 1: Yeah, I love the umbrella term. They're just applied relatedly. 102 00:05:26,320 --> 00:05:30,120 Speaker 3: Okay, I'm just wondering whether I'm learning subjective bias rule here. 103 00:05:30,760 --> 00:05:32,920 Speaker 2: If you give it to inflation, you are no. 104 00:05:33,080 --> 00:05:35,159 Speaker 3: I'm going to give it to the US dollar and 105 00:05:35,240 --> 00:05:41,520 Speaker 3: Aussie dollar relationship because the trade volume between our countries, 106 00:05:41,520 --> 00:05:44,400 Speaker 3: between all countries, you know, the US dollar is a 107 00:05:44,440 --> 00:05:48,760 Speaker 3: massive international story and I can't remember when it last 108 00:05:48,880 --> 00:05:50,040 Speaker 3: was over seventy. 109 00:05:49,680 --> 00:05:52,560 Speaker 2: Cents three years Adam three years. 110 00:05:53,040 --> 00:05:58,360 Speaker 3: Three years and then that post COVID kind of mix. Michael. 111 00:05:58,360 --> 00:06:01,440 Speaker 3: It is a massive story and interest rates now everyone's flipped. 112 00:06:01,800 --> 00:06:03,880 Speaker 3: Certainly they were coming down. Certainly they're on pause now, 113 00:06:03,920 --> 00:06:07,359 Speaker 3: certainly they're going up. You know, absolutely massive story, but 114 00:06:07,360 --> 00:06:11,320 Speaker 3: by the thinnest demand is because of the trade significance internationally. 115 00:06:11,400 --> 00:06:14,720 Speaker 3: I think the Aussie dollar story wins for the week. 116 00:06:15,000 --> 00:06:19,080 Speaker 1: I can actually hear out there all of the homeowners 117 00:06:19,120 --> 00:06:23,000 Speaker 1: of Australia screaming at you right on which we are three. Yes, 118 00:06:23,360 --> 00:06:25,800 Speaker 1: all of everyone who's got money in the in the 119 00:06:25,839 --> 00:06:28,960 Speaker 1: bank that wants in order. 120 00:06:28,839 --> 00:06:31,479 Speaker 2: To screaming because nothing happened this week. 121 00:06:31,920 --> 00:06:34,960 Speaker 1: Yes, but they're not. It's go you know what, Sean. 122 00:06:35,480 --> 00:06:38,839 Speaker 2: You know in seven days time you can have that story. Mate, 123 00:06:39,040 --> 00:06:39,520 Speaker 2: I'll give. 124 00:06:39,400 --> 00:06:42,560 Speaker 1: It and I will, and it is going to win, 125 00:06:42,960 --> 00:06:45,240 Speaker 1: right and it should have won this week. I am 126 00:06:46,440 --> 00:06:49,240 Speaker 1: is the only I suppose you do have a say 127 00:06:49,279 --> 00:06:53,200 Speaker 1: in what wins, don't you? That's okay, it's the criteria 128 00:06:53,240 --> 00:06:57,880 Speaker 1: that rule all Hm, most remarkable. Shall we do this now? 129 00:06:58,440 --> 00:07:00,160 Speaker 2: Can I go first on this one? I think this 130 00:07:00,240 --> 00:07:03,599 Speaker 2: is a great story for the first time renewables supplied. 131 00:07:03,640 --> 00:07:11,480 Speaker 2: The majority of Australia's electricity needs during a quarter. Few things. One, 132 00:07:11,840 --> 00:07:16,800 Speaker 2: prices were lower because renewables are cheaper. Two it was 133 00:07:17,760 --> 00:07:23,000 Speaker 2: the market operator said the increase drove the national energy 134 00:07:23,120 --> 00:07:27,360 Speaker 2: market total emissions and emissions intensity to a new all 135 00:07:27,400 --> 00:07:32,520 Speaker 2: time record. Low cheaper prices, lower emissions. What's it all about, Well, 136 00:07:32,680 --> 00:07:37,080 Speaker 2: solar rooftop big one. The one that's kind of changing 137 00:07:37,120 --> 00:07:39,239 Speaker 2: things is the batteries. I think it was one hundred 138 00:07:39,240 --> 00:07:43,760 Speaker 2: and forty five thousand battery installations, more wind farms and 139 00:07:44,680 --> 00:07:51,080 Speaker 2: frankly it was windy during the December quarter. The sun shine. 140 00:07:51,280 --> 00:07:54,440 Speaker 2: I've got it. We've got to concede. Michael really struggled 141 00:07:54,440 --> 00:07:58,640 Speaker 2: with that word windy during the show. In fact, listeners 142 00:07:58,680 --> 00:08:03,240 Speaker 2: may not know we started the show. I think that 143 00:08:03,320 --> 00:08:03,880 Speaker 2: must have been. 144 00:08:03,720 --> 00:08:05,200 Speaker 1: Friday morning, yesterday morning. 145 00:08:05,280 --> 00:08:09,000 Speaker 2: Yeah, and normally, you know, we've sort of a bit 146 00:08:09,040 --> 00:08:11,000 Speaker 2: of fluffing around, but alf about a minute you get 147 00:08:11,040 --> 00:08:14,840 Speaker 2: to the main kind of substance of it and off 148 00:08:14,880 --> 00:08:17,920 Speaker 2: we go. It was I think it was seven minutes yesterday. 149 00:08:18,000 --> 00:08:20,760 Speaker 2: Because of giggling between you and I over the world. 150 00:08:20,800 --> 00:08:24,680 Speaker 1: Windy, yeah, windy, and a couple of other little kinds 151 00:08:24,680 --> 00:08:27,080 Speaker 1: of things, and you know, it's like when you start 152 00:08:27,120 --> 00:08:31,640 Speaker 1: to start Yeah, it's like when you start laughing at school, assembly, 153 00:08:32,480 --> 00:08:34,640 Speaker 1: church or something like that and you cannot You're not 154 00:08:34,720 --> 00:08:37,040 Speaker 1: supposed to laugh and you're trying so hard not to 155 00:08:37,120 --> 00:08:38,439 Speaker 1: laugh at and then all of a sudden it makes 156 00:08:38,440 --> 00:08:40,480 Speaker 1: it more likely that you're going to continue laughing. That 157 00:08:40,600 --> 00:08:43,760 Speaker 1: was exactly like this. We're trying to be professional as 158 00:08:43,760 --> 00:08:44,960 Speaker 1: we are at all times. Sean. 159 00:08:45,320 --> 00:08:47,920 Speaker 2: That's right, anyway, pointed the story right. The first time 160 00:08:47,960 --> 00:08:51,400 Speaker 2: we've had a quarter where renewables supplied the majority of 161 00:08:51,400 --> 00:08:56,240 Speaker 2: Australia's electricity fossil fuels, you are on the way out. 162 00:08:56,520 --> 00:08:58,640 Speaker 2: It's great, it really is good news. It's you know, 163 00:08:58,720 --> 00:09:01,880 Speaker 2: comes after decades of investments. Still need lots more of it, 164 00:09:02,240 --> 00:09:05,440 Speaker 2: but I think it's worth noting it as a very 165 00:09:05,520 --> 00:09:09,040 Speaker 2: very remarkable moment in our transfer to renewables. 166 00:09:09,480 --> 00:09:13,240 Speaker 1: Sean. I doubt there would be anyone in Victoria this 167 00:09:13,280 --> 00:09:15,520 Speaker 1: week that would argue with you that the sun is 168 00:09:15,559 --> 00:09:20,120 Speaker 1: a potent energy source, because this week, Victoria, this is 169 00:09:20,160 --> 00:09:22,800 Speaker 1: my story. By the way, Adam, I've just done a seamless, 170 00:09:22,880 --> 00:09:28,120 Speaker 1: seamless segue between the two. Victoria suffered through an epic 171 00:09:28,520 --> 00:09:32,440 Speaker 1: heat wave a new temperature record for the state. How 172 00:09:32,440 --> 00:09:37,439 Speaker 1: about that figure forty eight point nine degrees in wollpy 173 00:09:37,480 --> 00:09:42,000 Speaker 1: Up in the northwest of the state. Melbourne had a 174 00:09:42,000 --> 00:09:44,920 Speaker 1: Scotch to two. Was havoc at the Tennis? Oh God, 175 00:09:44,960 --> 00:09:48,280 Speaker 1: it was chaos, wasn't it? But just think about that 176 00:09:48,559 --> 00:09:53,800 Speaker 1: forty eight point nine degrees nearly forty nine degrees nearly 177 00:09:53,840 --> 00:09:59,240 Speaker 1: fifty degrees temperature needed to boil water is only twice that, 178 00:09:59,520 --> 00:10:02,080 Speaker 1: Like that is extraordinary. I really don't know why I. 179 00:10:02,160 --> 00:10:04,120 Speaker 2: Added that detail at Straws. 180 00:10:04,320 --> 00:10:06,960 Speaker 1: Yes, that was actually the slide overreach, but it is true, 181 00:10:07,000 --> 00:10:09,360 Speaker 1: it's factually accurate. At the same time, though, we had 182 00:10:09,960 --> 00:10:12,600 Speaker 1: MP Monique Ryan this, I thought this was great and 183 00:10:12,600 --> 00:10:14,200 Speaker 1: there these two go together, and she did this on 184 00:10:14,240 --> 00:10:17,480 Speaker 1: the same day, calling for heat waves to be taken 185 00:10:17,520 --> 00:10:20,760 Speaker 1: more seriously because they do kill. They are actually really dangerous. 186 00:10:20,760 --> 00:10:22,680 Speaker 1: And she said, basically, people don't take them as seriously 187 00:10:22,679 --> 00:10:25,640 Speaker 1: as they do take kind of cyclones and things because 188 00:10:25,640 --> 00:10:28,200 Speaker 1: it's just a temperature variation. So she was saying that 189 00:10:28,240 --> 00:10:31,120 Speaker 1: we should be naming them, treat them essentially like these 190 00:10:31,120 --> 00:10:34,520 Speaker 1: big storms that we do give names, to give them names, 191 00:10:34,679 --> 00:10:37,320 Speaker 1: not just any name though, she said we should name 192 00:10:37,360 --> 00:10:39,760 Speaker 1: them after the oil and gas producers so that people 193 00:10:39,800 --> 00:10:43,720 Speaker 1: will link those companies with the climate consequences. So she said, 194 00:10:43,760 --> 00:10:46,079 Speaker 1: they call it a category four heat wave Santos or 195 00:10:46,080 --> 00:10:49,000 Speaker 1: a category four heatwave Woodside, which I think it was 196 00:10:49,520 --> 00:10:52,760 Speaker 1: semi tongue in cheek. I think she probably does believe 197 00:10:52,800 --> 00:10:55,240 Speaker 1: it obviously in terms of the fact that it may 198 00:10:55,320 --> 00:10:57,640 Speaker 1: need to happen, but certainly got a bit of attention, 199 00:10:57,960 --> 00:11:00,520 Speaker 1: and I think it was all remarkable. Eight point nine 200 00:11:00,520 --> 00:11:05,719 Speaker 1: degrees nearly forty nine degrees, new record, nearly enough to 201 00:11:05,800 --> 00:11:06,720 Speaker 1: half boil water. 202 00:11:09,040 --> 00:11:11,600 Speaker 2: I actually totally agree it is remarkable. I don't think 203 00:11:11,640 --> 00:11:15,040 Speaker 2: it has anything to do with the categories of the 204 00:11:15,080 --> 00:11:18,480 Speaker 2: criteria that Adam laid out earlier, but I do think 205 00:11:18,480 --> 00:11:19,240 Speaker 2: it is remarkable. 206 00:11:19,800 --> 00:11:23,080 Speaker 1: It's all about subjective bias, and I know that Adam. 207 00:11:22,920 --> 00:11:33,959 Speaker 3: Likes heat, so economic impact ruling overall the renewables tipping 208 00:11:34,000 --> 00:11:38,080 Speaker 3: point has to win. We have had very hot times before. 209 00:11:38,679 --> 00:11:42,360 Speaker 3: I loved Monique Ryan's idea. I thought, what a great idea, 210 00:11:42,600 --> 00:11:47,880 Speaker 3: captured attention. Not agreeing with demonizing companies by doing it. 211 00:11:48,120 --> 00:11:49,719 Speaker 2: I'm going to stand up here for the oil and 212 00:11:49,760 --> 00:11:51,920 Speaker 2: gas companies, right, Some of these guys. 213 00:11:51,679 --> 00:11:53,720 Speaker 3: I don't agree with demonizing that. 214 00:11:53,920 --> 00:11:56,880 Speaker 2: And they're shifting the gas and we need that as 215 00:11:56,920 --> 00:11:58,560 Speaker 2: a transitional. 216 00:11:58,280 --> 00:12:02,040 Speaker 3: We've used conveniently for a long long time. So it's 217 00:12:02,080 --> 00:12:06,280 Speaker 3: a completely valid economic resource because renewables has to win 218 00:12:06,320 --> 00:12:08,920 Speaker 3: that tipping points exciting. Go astraight in is exciting. 219 00:12:10,960 --> 00:12:16,079 Speaker 2: Just one right up here, Michael too. It is winner 220 00:12:17,440 --> 00:12:21,720 Speaker 2: this landslide. Do you feel like Hillary Clinton? 221 00:12:24,160 --> 00:12:29,600 Speaker 1: I just I honestly thought I I expected something different today. 222 00:12:30,440 --> 00:12:31,559 Speaker 1: I expect there's still. 223 00:12:31,360 --> 00:12:33,840 Speaker 3: The second half, Michael True rally. 224 00:12:34,400 --> 00:12:37,559 Speaker 1: All right, all right, let's take a break. I'm not deflated. 225 00:12:37,760 --> 00:12:40,439 Speaker 1: I'm just a little bit, you know what I am. 226 00:12:40,440 --> 00:12:43,120 Speaker 1: I'm demoralized, but I'm going to come back. I'm going 227 00:12:43,200 --> 00:12:45,280 Speaker 1: to rally my people. There will be a coup. Let's 228 00:12:45,280 --> 00:12:55,319 Speaker 1: do this back in a moment. Sean. We're looking now 229 00:12:55,360 --> 00:12:58,600 Speaker 1: for our This is our mystery category. Every week we 230 00:12:58,760 --> 00:13:01,840 Speaker 1: change it up just to keep Adam guessing. He keeps 231 00:13:01,960 --> 00:13:04,560 Speaker 1: us guessing enough with the judging criteria, so it's just 232 00:13:05,080 --> 00:13:07,320 Speaker 1: turn the tables and give it back to him. So 233 00:13:07,520 --> 00:13:14,520 Speaker 1: our mystery category this week is it's not very often 234 00:13:14,600 --> 00:13:17,520 Speaker 1: that we get to have two entries in this one 235 00:13:17,559 --> 00:13:24,040 Speaker 1: category of favorite leadership spill in the one in the 236 00:13:24,480 --> 00:13:31,280 Speaker 1: season Michael lead us off the Liberal Party debarcle. Really 237 00:13:31,280 --> 00:13:34,440 Speaker 1: there's only two choices for this week, but the Liberal 238 00:13:34,480 --> 00:13:38,559 Speaker 1: Party debarcle continues and it is. It is a debarcle, 239 00:13:38,640 --> 00:13:40,960 Speaker 1: and it has been a debarcle now for some time. 240 00:13:41,600 --> 00:13:45,640 Speaker 1: Susan Lee is on borrowed time. It seems only though, 241 00:13:45,679 --> 00:13:48,000 Speaker 1: because they can't figure out who's going to replace her. 242 00:13:48,280 --> 00:13:51,040 Speaker 1: Like otherwise, it probably would happen sooner rather than later. 243 00:13:51,120 --> 00:13:54,600 Speaker 1: This week, the two likely contenders, Andrew Hasty Angus Taylor, 244 00:13:54,880 --> 00:13:58,520 Speaker 1: they held a meeting with a couple of Conservative power brokers. 245 00:13:58,920 --> 00:14:01,400 Speaker 1: Both of them want to be the leader, neither wants 246 00:14:01,440 --> 00:14:04,120 Speaker 1: to be the deputy. Neither one of them is conceding. 247 00:14:04,440 --> 00:14:07,320 Speaker 1: It's just all a bit uncomfortable, right, I think go wrong, Yeah, 248 00:14:07,679 --> 00:14:11,319 Speaker 1: it could go wrong anyway. Yesterday we then saw Andrew 249 00:14:11,400 --> 00:14:15,720 Speaker 1: Hasty basically pulling out of the race. Angus Taylor is 250 00:14:15,840 --> 00:14:18,880 Speaker 1: very wary of having a spill because he wants to 251 00:14:20,480 --> 00:14:23,000 Speaker 1: try and keep the focus probably where it should be, 252 00:14:23,040 --> 00:14:26,200 Speaker 1: which is on the government next week, particularly when you've 253 00:14:26,200 --> 00:14:31,600 Speaker 1: got the government exposed over inflation and a potential interest 254 00:14:31,680 --> 00:14:35,880 Speaker 1: rate rise. End result, right, is that this is the 255 00:14:36,400 --> 00:14:39,480 Speaker 1: leadership spill. That is not a leadership spill because Susan 256 00:14:39,560 --> 00:14:42,040 Speaker 1: Lee is still on borrowed time. That time has now 257 00:14:42,080 --> 00:14:45,320 Speaker 1: been extended because they're not going to have one just yet. 258 00:14:45,760 --> 00:14:49,080 Speaker 1: It's going to happen eventually. The question still remains, has 259 00:14:49,120 --> 00:14:52,400 Speaker 1: the Liberal Party got what it takes to actually lure 260 00:14:53,200 --> 00:14:56,640 Speaker 1: the moderate voters back from the Teals, to lure the 261 00:14:56,720 --> 00:15:01,440 Speaker 1: conservative voters back from one nation. I don't know. It 262 00:15:01,520 --> 00:15:04,880 Speaker 1: is an absolute disaster, Sean. Do you have a leadership 263 00:15:04,920 --> 00:15:06,520 Speaker 1: spill that can rival that? 264 00:15:06,920 --> 00:15:11,160 Speaker 2: Yes, unlike yours, mine actually is a leadership spill, because 265 00:15:11,280 --> 00:15:13,600 Speaker 2: you will find there is no leadership spill for the 266 00:15:13,640 --> 00:15:15,960 Speaker 2: Liberals at the moment. And the category I think Michael 267 00:15:16,200 --> 00:15:19,920 Speaker 2: he said was favorite leadership spill. He's actually only won 268 00:15:20,000 --> 00:15:25,240 Speaker 2: this week when NAT's MP Colin Boyce, so everyone thought 269 00:15:25,280 --> 00:15:28,360 Speaker 2: was going to go to one nation, came out and 270 00:15:28,400 --> 00:15:31,160 Speaker 2: he said, David Little Proud he needs to go. What 271 00:15:31,280 --> 00:15:34,280 Speaker 2: was even better. It's not like he kind of chatted 272 00:15:34,320 --> 00:15:37,560 Speaker 2: to other national MPs, sounded out his advisors. He just 273 00:15:37,560 --> 00:15:41,640 Speaker 2: wanted to Sky News and he said, I'm going to 274 00:15:41,640 --> 00:15:44,480 Speaker 2: have leadership spill, but they have Little Proud. Now he's 275 00:15:44,480 --> 00:15:46,920 Speaker 2: not going to win. It's due to happen on Monday. 276 00:15:47,840 --> 00:15:51,400 Speaker 2: But he, you know, some very colorful language. The coalition 277 00:15:51,800 --> 00:15:55,240 Speaker 2: was leaving in coalition with the Libs, and then that's 278 00:15:55,280 --> 00:15:58,840 Speaker 2: leaving the Libs political suicide. He said the party is 279 00:15:58,840 --> 00:16:02,080 Speaker 2: going over a political clip basically says they need to 280 00:16:02,120 --> 00:16:04,560 Speaker 2: get back together. A little proud can't do it, and 281 00:16:04,600 --> 00:16:07,640 Speaker 2: I'm going to take him on. There are eighteen members 282 00:16:07,640 --> 00:16:13,080 Speaker 2: that will vote. So Phil Kourry, who is the AFR editor, 283 00:16:13,200 --> 00:16:17,240 Speaker 2: a political editor and a guru in politics. Like, seriously, 284 00:16:17,240 --> 00:16:19,320 Speaker 2: if you want to know exactly what's going on, read Phil. 285 00:16:20,280 --> 00:16:23,640 Speaker 2: At one point, I think he said Colin boys would 286 00:16:23,640 --> 00:16:27,640 Speaker 2: get two votes. Now presumably two of the eighteen Colin's 287 00:16:27,680 --> 00:16:28,120 Speaker 2: one of them. 288 00:16:28,240 --> 00:16:29,680 Speaker 1: Are they allowed to vote for themselves? 289 00:16:31,280 --> 00:16:34,680 Speaker 2: So anyway, the point is it is actually a spill 290 00:16:34,960 --> 00:16:37,520 Speaker 2: like that's happening as opposed to yours, which isn't a 291 00:16:37,560 --> 00:16:41,560 Speaker 2: spill and much more entertaining than a couple of you know, 292 00:16:41,720 --> 00:16:44,960 Speaker 2: sort of middle aged white men going into a house 293 00:16:44,960 --> 00:16:48,280 Speaker 2: that no one knew they own and coming out and 294 00:16:48,520 --> 00:16:53,440 Speaker 2: you know, war. Come on, Colin Boyce, let's get some 295 00:16:53,600 --> 00:16:55,040 Speaker 2: real happening stuff. 296 00:16:55,280 --> 00:16:58,280 Speaker 1: So yours is a spill that's actually happening. The point 297 00:16:58,320 --> 00:17:05,879 Speaker 1: results in change is a spill. That is, take your pick, Adam. 298 00:17:05,920 --> 00:17:08,240 Speaker 1: You haven't got much of shoes from here. 299 00:17:09,480 --> 00:17:13,679 Speaker 3: It's all a disaster. And the Liberals and Nationals, this 300 00:17:13,800 --> 00:17:17,720 Speaker 3: coalition story is central to them both, right, it's a 301 00:17:17,760 --> 00:17:22,399 Speaker 3: complete disaster. Albanesi and the Labor Party victory was was 302 00:17:22,520 --> 00:17:28,280 Speaker 3: huge and they've struggled ever since post Peter Dunton and 303 00:17:28,320 --> 00:17:30,880 Speaker 3: they're just not growing up and there's no policy amongst 304 00:17:30,880 --> 00:17:33,960 Speaker 3: it all right, So Michael, I think you have to 305 00:17:33,960 --> 00:17:38,000 Speaker 3: win this one and is a leadership change enough? And 306 00:17:38,040 --> 00:17:38,720 Speaker 3: the archer is. 307 00:17:38,720 --> 00:17:41,320 Speaker 2: No, it's a win with an asterisk because it hasn't happened. 308 00:17:41,440 --> 00:17:43,119 Speaker 2: It's a bit like inter straight story. 309 00:17:43,720 --> 00:17:47,600 Speaker 1: That's fine, it's fine. I don't care. I do not 310 00:17:47,720 --> 00:17:49,920 Speaker 1: care how many asterisks I needs to need to have 311 00:17:50,080 --> 00:17:52,359 Speaker 1: on a victory as long as I get a victory, right, 312 00:17:52,600 --> 00:17:54,280 Speaker 1: which basically just tells you that I'm going to do 313 00:17:54,280 --> 00:17:56,680 Speaker 1: a Lance Armstrong if I. 314 00:17:55,520 --> 00:17:59,280 Speaker 3: To well or the or the Stephen Bradbury by Pauline 315 00:17:59,320 --> 00:18:02,200 Speaker 3: Hanson and and the One Nation Party. It is slipping 316 00:18:02,240 --> 00:18:05,600 Speaker 3: through and grabbing all this oxygen. So it's not terrible 317 00:18:05,640 --> 00:18:08,359 Speaker 3: to have a weak opposition and it's really bad for 318 00:18:08,400 --> 00:18:10,440 Speaker 3: the nation. So I think that's actually the biggest story 319 00:18:10,480 --> 00:18:10,800 Speaker 3: of the week. 320 00:18:12,400 --> 00:18:18,480 Speaker 2: Right, two one Asterix on the one No no Asterix, Adam, 321 00:18:18,520 --> 00:18:20,479 Speaker 2: you are in the process of redeeming yourself. 322 00:18:20,520 --> 00:18:24,840 Speaker 1: Let's see if your redemption can continue. Let's go with 323 00:18:24,960 --> 00:18:27,760 Speaker 1: the favorite story. I don't know why I'm so confused 324 00:18:27,760 --> 00:18:30,560 Speaker 1: by the structure of today's show. Every time we get 325 00:18:30,560 --> 00:18:31,840 Speaker 1: to the end of a categy, I'm like, where are 326 00:18:31,840 --> 00:18:33,639 Speaker 1: we going next? It's been the same now for what 327 00:18:33,760 --> 00:18:37,120 Speaker 1: three years? I think we've done the same format. Okay, 328 00:18:37,200 --> 00:18:38,800 Speaker 1: favorite fast structs yours. 329 00:18:39,000 --> 00:18:41,359 Speaker 2: Look, I think all these trade deals that are going 330 00:18:41,400 --> 00:18:45,280 Speaker 2: on in the world because it actually shows policy in action. 331 00:18:45,640 --> 00:18:47,800 Speaker 2: So the big one the EU and India ratified to 332 00:18:47,840 --> 00:18:53,679 Speaker 2: mega trade deal. European Commission President Ursler von Delaine I 333 00:18:53,760 --> 00:18:57,720 Speaker 2: love saying her name, Urslavondalane. She called the agreement the 334 00:18:57,720 --> 00:18:59,960 Speaker 2: mother of all deals. It's the twenty seven member countries 335 00:19:00,040 --> 00:19:02,120 Speaker 2: doing a deal with the world's most populous country, Right, 336 00:19:02,440 --> 00:19:04,359 Speaker 2: that's pretty cool. India has been hit with fifty percent 337 00:19:04,400 --> 00:19:08,200 Speaker 2: tariffs under the Trump administration. Once the deals ratified or 338 00:19:08,400 --> 00:19:12,560 Speaker 2: remove duties, about ninety percent of products basically Europe wins 339 00:19:12,600 --> 00:19:16,840 Speaker 2: around cars, wine, beer, pasta. How European, isn't it. The 340 00:19:16,840 --> 00:19:20,440 Speaker 2: European has been around cars, yep, wine beer and pasta, 341 00:19:20,560 --> 00:19:23,800 Speaker 2: of course they do. India they sell around, they win 342 00:19:23,880 --> 00:19:27,480 Speaker 2: around clothes, chemicals and furniture. We're just starting to see 343 00:19:27,520 --> 00:19:31,640 Speaker 2: more of these trade deals between in this case blocks, 344 00:19:32,040 --> 00:19:35,280 Speaker 2: but also individual countries. EU has recently done for Latin 345 00:19:35,320 --> 00:19:39,520 Speaker 2: American countries. China and Canada have closed an agreement around 346 00:19:39,560 --> 00:19:43,119 Speaker 2: lower tariffs and some exports. Kirstarma, the UK Prime Minister, 347 00:19:43,200 --> 00:19:46,240 Speaker 2: was in China during the week. The US trade deficit 348 00:19:46,280 --> 00:19:53,520 Speaker 2: figures came out yesterday and basically exports have fallen, imports 349 00:19:53,520 --> 00:19:57,159 Speaker 2: of increase. So I'm not quite sure how the tarifts 350 00:19:57,160 --> 00:19:58,399 Speaker 2: are playing on that I have to look at it. 351 00:19:58,440 --> 00:20:00,639 Speaker 2: I mean I glanced at them then as US I 352 00:20:00,760 --> 00:20:03,200 Speaker 2: was walking in this morning, and I haven't had a 353 00:20:03,200 --> 00:20:06,160 Speaker 2: proper look at to be perfectly honest. But the point 354 00:20:06,160 --> 00:20:09,359 Speaker 2: of the whole story is these trade deals are happening, 355 00:20:09,440 --> 00:20:10,800 Speaker 2: and that I mean, this is a little bit like 356 00:20:10,800 --> 00:20:15,440 Speaker 2: global markets changing, trade links are changing, and countries are 357 00:20:15,480 --> 00:20:19,600 Speaker 2: doing stuff. What I think ultimately the US is going 358 00:20:19,640 --> 00:20:23,040 Speaker 2: to be the loser in all this because countries like 359 00:20:23,680 --> 00:20:26,359 Speaker 2: India are doing deals with EU. I mean, we had 360 00:20:26,400 --> 00:20:30,560 Speaker 2: those figures from China. China exported more products than it 361 00:20:30,680 --> 00:20:34,840 Speaker 2: ever has last quarter. They found new markets. Like it's 362 00:20:34,880 --> 00:20:36,960 Speaker 2: just it's a new world order, Adam, a new world 363 00:20:37,080 --> 00:20:38,280 Speaker 2: order this week. 364 00:20:39,840 --> 00:20:42,520 Speaker 1: That's a very it's a that's a good story. 365 00:20:42,640 --> 00:20:43,880 Speaker 2: It's a good Adam story. 366 00:20:44,160 --> 00:20:48,199 Speaker 1: Yes, is it a favorite story? Is it a favorite? Like, 367 00:20:48,280 --> 00:20:50,280 Speaker 1: it's a it's a it's a big story. It's a 368 00:20:50,320 --> 00:20:54,679 Speaker 1: remarkable story. Oh. You know why my favorite is a 369 00:20:54,680 --> 00:20:59,520 Speaker 1: favorite is because I have actually I have, I have paid. 370 00:21:00,920 --> 00:21:02,280 Speaker 2: You know, there's not going to be much in this 371 00:21:02,359 --> 00:21:04,840 Speaker 2: story when Michael starts like selling me. 372 00:21:05,760 --> 00:21:12,679 Speaker 1: I have very cleverly detected a trend Trump esque. I 373 00:21:12,840 --> 00:21:16,040 Speaker 1: have noticed something that no one else has noticed, a 374 00:21:16,240 --> 00:21:21,800 Speaker 1: trend here that I suspect and if this happens, then 375 00:21:22,240 --> 00:21:27,359 Speaker 1: you have heard it here. First, Australia is mounting a campaign, 376 00:21:27,720 --> 00:21:32,960 Speaker 1: a very required, a covert campaign to take over all 377 00:21:33,520 --> 00:21:36,119 Speaker 1: global institutions. 378 00:21:35,640 --> 00:21:36,040 Speaker 3: Right. 379 00:21:38,040 --> 00:21:44,800 Speaker 1: Because very quiet. First we had the liberal, former liberal 380 00:21:44,800 --> 00:21:47,720 Speaker 1: finance Minister Mattis Corman elected to run the OECD. That 381 00:21:47,760 --> 00:21:52,800 Speaker 1: happened ages ago. Now now there is talk that former 382 00:21:52,880 --> 00:21:56,280 Speaker 1: Prime Minister Kevin Rudd may be planning another bid to 383 00:21:56,359 --> 00:22:01,679 Speaker 1: become the new Secretary General of the United Nations. You 384 00:22:01,720 --> 00:22:04,159 Speaker 1: don't get much bigger than the UN. Suddenly we have 385 00:22:04,160 --> 00:22:07,679 Speaker 1: an Australian running the UN and the OECD. Wow. It 386 00:22:07,720 --> 00:22:09,679 Speaker 1: does make sense that Kevin Rudd would be doing this 387 00:22:09,760 --> 00:22:13,879 Speaker 1: because Donald Trump doesn't like him. Donald Trump, Donald Trump 388 00:22:13,920 --> 00:22:16,600 Speaker 1: hates the UN, so they've kind of like it's a 389 00:22:16,600 --> 00:22:18,440 Speaker 1: match made in heaven. It's got nothing to lose by 390 00:22:18,440 --> 00:22:21,760 Speaker 1: going and doing this. Because he finished as ambassador to 391 00:22:21,840 --> 00:22:25,840 Speaker 1: the US a year early. You've got Antonio Guterrez, the 392 00:22:25,920 --> 00:22:30,040 Speaker 1: current UN Secretary General, finishing up in that role in December. 393 00:22:30,320 --> 00:22:34,679 Speaker 1: The timing all just works right that Rudd pulled the 394 00:22:34,720 --> 00:22:39,320 Speaker 1: pin on the ambassadorial role a year early, just ready 395 00:22:39,320 --> 00:22:42,639 Speaker 1: to start campaigning for this. Prime Minister Anthony Albaneze he 396 00:22:42,680 --> 00:22:46,359 Speaker 1: hasn't ruled it out, certainly wouldn't rule out backing the bid. 397 00:22:46,440 --> 00:22:49,879 Speaker 1: He actually did say that Australians should back Australians on 398 00:22:49,920 --> 00:22:53,240 Speaker 1: the world stage or something, which is you would assume 399 00:22:53,520 --> 00:22:56,240 Speaker 1: very much a swipe at the Coalition because they refused 400 00:22:56,440 --> 00:22:58,680 Speaker 1: last time to endorse Kevin Rudd when he had a 401 00:22:58,720 --> 00:23:01,080 Speaker 1: crack at the UN role. Back in twenty sixteen. 402 00:23:01,160 --> 00:23:03,520 Speaker 2: I think he was talking about Osco Piastre or you know, 403 00:23:04,000 --> 00:23:07,119 Speaker 2: the Alex de Minor or someone like that. Maybe just 404 00:23:07,200 --> 00:23:07,919 Speaker 2: the thought. 405 00:23:09,040 --> 00:23:16,199 Speaker 1: Unlikely to get it, Kevin Rudd, because it is generally 406 00:23:16,240 --> 00:23:19,679 Speaker 1: expected that the next leader of the UN will be 407 00:23:20,280 --> 00:23:23,840 Speaker 1: a woman, or be someone from Latin America, or both, 408 00:23:24,040 --> 00:23:27,320 Speaker 1: but possibly both. Yes, but why not have it go? Right? 409 00:23:27,320 --> 00:23:29,800 Speaker 2: If you're Kevin, say he wasn't going to have again? 410 00:23:29,880 --> 00:23:33,919 Speaker 1: No, he's always saying stuff. Ignore, do you know what 411 00:23:34,000 --> 00:23:36,080 Speaker 1: the salary is for the Do you know what the 412 00:23:36,119 --> 00:23:39,359 Speaker 1: salary is for the UN Secretary General? Tell us No, 413 00:23:40,200 --> 00:23:43,959 Speaker 1: it's only two hundred and forty thousand US dollars or thereabouts. 414 00:23:44,200 --> 00:23:46,879 Speaker 1: It's lower than I would expect considering what you're supposed 415 00:23:46,880 --> 00:23:50,320 Speaker 1: to But then off, the US president only has a 416 00:23:50,400 --> 00:23:54,320 Speaker 1: very low low salary. Let's just I just find that interesting, right, 417 00:23:54,520 --> 00:23:57,320 Speaker 1: But I mean it is what I've detected this campaign, 418 00:23:57,600 --> 00:24:01,080 Speaker 1: I reckon, do not be surprised if you suddenly see 419 00:24:01,080 --> 00:24:04,800 Speaker 1: Peter Costello popping up at the International Monetary Fund, right 420 00:24:04,920 --> 00:24:07,480 Speaker 1: a few other kind of do. 421 00:24:07,480 --> 00:24:12,720 Speaker 2: You ever think Adam Right the Less. 422 00:24:11,400 --> 00:24:12,760 Speaker 1: Popping up somewhere in China? 423 00:24:12,840 --> 00:24:17,479 Speaker 2: I would assume gosh, a local governor. Do you ever think, Adam, 424 00:24:17,920 --> 00:24:20,480 Speaker 2: the less substance to Michael's stories the longer they go. 425 00:24:22,080 --> 00:24:24,560 Speaker 3: The selling is usually a bit of a giveaway. 426 00:24:26,480 --> 00:24:29,200 Speaker 1: But I imagine Kevin right up there with like the great, 427 00:24:29,280 --> 00:24:33,960 Speaker 1: the great UN Secretary Generals botros Boutross Garden, remember him 428 00:24:34,320 --> 00:24:40,240 Speaker 1: coffee yep, moon and then that's it. That's all I 429 00:24:40,240 --> 00:24:42,639 Speaker 1: can remember. There are there are many others. I can 430 00:24:42,840 --> 00:24:44,000 Speaker 1: remember the last four. 431 00:24:44,160 --> 00:24:47,160 Speaker 2: When you used to go to clubs in New South 432 00:24:47,200 --> 00:24:51,400 Speaker 2: Wales when I was younger. RSL clubs, Yeah, those sorts 433 00:24:51,440 --> 00:24:55,480 Speaker 2: of places New South Wales Leagues Club specifically were used 434 00:24:55,480 --> 00:24:57,600 Speaker 2: to go after the Reserve Bank. I'm trying to remember. 435 00:24:57,640 --> 00:25:00,040 Speaker 2: I think was we always used to sign in. You 436 00:25:00,040 --> 00:25:01,359 Speaker 2: didn't have to show your idea, you just have to 437 00:25:01,400 --> 00:25:04,800 Speaker 2: sign your name. Were always signed in this Buttriss Butchers Galley, 438 00:25:07,359 --> 00:25:07,919 Speaker 2: I think it was. 439 00:25:08,000 --> 00:25:12,520 Speaker 1: But why not? 440 00:25:12,760 --> 00:25:13,920 Speaker 3: It gets around there, guy. 441 00:25:14,280 --> 00:25:17,040 Speaker 1: I used to give myself all to be. I was 442 00:25:17,080 --> 00:25:19,920 Speaker 1: invariably a captain. I would change my title for each 443 00:25:20,880 --> 00:25:23,560 Speaker 1: each time I went to the Lakes Club in Canberra. 444 00:25:24,119 --> 00:25:27,720 Speaker 1: And so like you know what, no, I'm going to 445 00:25:27,760 --> 00:25:32,800 Speaker 1: leave this ourselves in trouble, Adam deliver your judgment, and 446 00:25:32,800 --> 00:25:35,919 Speaker 1: and need I remind you that if this is a 447 00:25:35,960 --> 00:25:39,600 Speaker 1: close decision. Mm hmmm, it is my birthday today and 448 00:25:39,640 --> 00:25:41,200 Speaker 1: I would like a birthday bonus point. 449 00:25:41,400 --> 00:25:42,800 Speaker 2: We're going to bring it up at the end. 450 00:25:42,880 --> 00:25:45,399 Speaker 1: No, no, I'm going to use this. I'm like, do 451 00:25:45,480 --> 00:25:46,160 Speaker 1: I use this. 452 00:25:46,200 --> 00:25:48,720 Speaker 3: To try and find up the system? 453 00:25:49,000 --> 00:25:50,240 Speaker 1: Oh we are talking. 454 00:25:52,080 --> 00:25:58,119 Speaker 2: About the U N I was correct, systems changing for 455 00:25:58,200 --> 00:26:00,359 Speaker 2: that is not knowing Michael the first time we're in 456 00:26:00,359 --> 00:26:04,320 Speaker 2: Michael's age changes today. So it's a big one. What 457 00:26:04,359 --> 00:26:05,280 Speaker 2: are you doing for the day. 458 00:26:08,560 --> 00:26:12,720 Speaker 1: It's going to be a relatively quiet well starts a 459 00:26:12,800 --> 00:26:15,439 Speaker 1: fear and greed, Sean, A great day always starts with 460 00:26:15,480 --> 00:26:17,639 Speaker 1: fear and greed. They've got a bit of a family 461 00:26:18,000 --> 00:26:21,400 Speaker 1: family gathering this evening. So so once we finished recording, 462 00:26:21,400 --> 00:26:25,440 Speaker 1: I'll head to head to head to that play a 463 00:26:25,480 --> 00:26:27,640 Speaker 1: bit of tennis this evening. It's gonna be very nice. 464 00:26:27,760 --> 00:26:28,520 Speaker 1: It's gonna be lovely. 465 00:26:30,000 --> 00:26:31,760 Speaker 2: It was the first thing in the morning and he's 466 00:26:31,800 --> 00:26:35,720 Speaker 2: talking about eating somewhere this evening. Michael's traveling today. Yeah, 467 00:26:35,760 --> 00:26:38,040 Speaker 2: he's jumping the car with Sean and the kids. 468 00:26:38,359 --> 00:26:40,040 Speaker 1: Did I not make that clear? I said, we're doing 469 00:26:40,119 --> 00:26:41,119 Speaker 1: fear and greed this morning. 470 00:26:41,119 --> 00:26:43,880 Speaker 2: Then then then you didn't mention that you're where you're 471 00:26:43,880 --> 00:26:44,240 Speaker 2: heading to. 472 00:26:44,320 --> 00:26:46,880 Speaker 1: You see, that's yeah, But I also thought I'm gonna 473 00:26:46,960 --> 00:26:47,880 Speaker 1: leave it mysterious. 474 00:26:48,240 --> 00:26:54,320 Speaker 2: I can't know. I'm happy, Michael, your birthday mystery in fake? Adam? Yeah, Adam, 475 00:26:54,760 --> 00:26:55,560 Speaker 2: can I concede? 476 00:26:55,840 --> 00:26:57,080 Speaker 1: No, you can't. I'm not. 477 00:26:57,640 --> 00:26:57,879 Speaker 2: I'm not. 478 00:26:58,040 --> 00:27:00,720 Speaker 1: I'm not starting a new decade. 479 00:27:01,119 --> 00:27:06,880 Speaker 3: You win, No, Okay, So how about this. I'll give 480 00:27:06,920 --> 00:27:10,480 Speaker 3: the judgment and then you can decide on what is required, 481 00:27:11,000 --> 00:27:13,880 Speaker 3: because I'm probably gonna win anyway, Michael, Happy birthday? 482 00:27:14,040 --> 00:27:19,040 Speaker 1: Thank you? Did I win? No birthday? To me? 483 00:27:21,520 --> 00:27:23,440 Speaker 3: Your gift is honesty, Michael. 484 00:27:24,040 --> 00:27:25,760 Speaker 1: Well you know what Adam I had to say as 485 00:27:25,760 --> 00:27:31,480 Speaker 1: a birthday present? That sucks. Victory would have been better. 486 00:27:31,840 --> 00:27:35,720 Speaker 3: So look, k Rudd God do you remember used to 487 00:27:35,720 --> 00:27:40,280 Speaker 3: call himself that k Rud Kevin O seven United Nations? Oh, 488 00:27:40,400 --> 00:27:44,080 Speaker 3: dear me. He is an incredibly intelligent, hardworking person, but 489 00:27:44,320 --> 00:27:46,719 Speaker 3: I just don't know that he's cut out for some 490 00:27:46,760 --> 00:27:51,040 Speaker 3: of these gigs. Meanwhile, trade deals and I love the 491 00:27:51,119 --> 00:27:54,840 Speaker 3: names too, remember the tariff bazooka from recent times. 492 00:27:55,640 --> 00:27:58,120 Speaker 1: But this mother of all deals we've. 493 00:27:57,960 --> 00:28:00,520 Speaker 3: Come up kind of on a Trump esque level of 494 00:28:00,600 --> 00:28:03,960 Speaker 3: titling these things like the big beautiful you've. 495 00:28:03,760 --> 00:28:05,760 Speaker 2: Been nasty about Ursula von de Leon. 496 00:28:08,000 --> 00:28:10,720 Speaker 3: It's just a couple of pr tips, a mother of 497 00:28:10,760 --> 00:28:15,080 Speaker 3: all deals. Well done, love it and you know, pyrrhic 498 00:28:15,200 --> 00:28:17,040 Speaker 3: victory to the US by doing what they've been doing 499 00:28:17,119 --> 00:28:19,960 Speaker 3: for the last year. So well done. Sure, and you win. 500 00:28:20,320 --> 00:28:24,520 Speaker 2: So my birthday gift to you, Michael. So three to one, 501 00:28:25,280 --> 00:28:27,880 Speaker 2: My birthday gift to you, Michael is a win. 502 00:28:29,119 --> 00:28:31,960 Speaker 1: Well I did. I might have won on points, actually, Adam, 503 00:28:32,000 --> 00:28:32,760 Speaker 1: what were the points? 504 00:28:33,600 --> 00:28:35,680 Speaker 3: Michael eighty seven, Shawn eighty nine. 505 00:28:35,920 --> 00:28:38,720 Speaker 1: All right, I'll take the win. Thanks Sean, Thank you. 506 00:28:38,760 --> 00:28:39,200 Speaker 2: Birthday. 507 00:28:39,360 --> 00:28:40,840 Speaker 1: Thank you. That's two in a row. 508 00:28:41,600 --> 00:28:44,960 Speaker 3: Ah yeah, happy birthday, Michael. 509 00:28:45,000 --> 00:28:45,600 Speaker 1: That is awesome. 510 00:28:45,680 --> 00:28:47,680 Speaker 3: I hope you and your family have a wonderful day together. 511 00:28:47,760 --> 00:28:50,720 Speaker 1: Well, thank you. And I and I, now that I'm 512 00:28:50,840 --> 00:28:54,840 Speaker 1: mature and forty, I feel I feel I now need 513 00:28:54,880 --> 00:28:58,800 Speaker 1: to be a more gracious winner. But I will not 514 00:28:59,280 --> 00:29:02,960 Speaker 1: know absolutely. I mean, Sean's in his fifties and he's 515 00:29:02,960 --> 00:29:05,400 Speaker 1: not gracious. So it's clearly not something that you need 516 00:29:05,440 --> 00:29:07,600 Speaker 1: to do at any point in time. Remember the dummy 517 00:29:07,720 --> 00:29:11,400 Speaker 1: bit of rage age against the dying of the night. Okay, 518 00:29:11,680 --> 00:29:16,280 Speaker 1: that's that's good. Good result. That's kind of not the 519 00:29:16,320 --> 00:29:17,800 Speaker 1: best result, but I'll take it anyway. 520 00:29:17,800 --> 00:29:19,720 Speaker 3: Thank you very much, Adam, thank you Michael, and thank 521 00:29:19,720 --> 00:29:20,080 Speaker 3: you Sean. 522 00:29:20,680 --> 00:29:23,080 Speaker 2: Thanks Sean, Thanks Michael, Thanks Adam. 523 00:29:23,320 --> 00:29:26,080 Speaker 1: Make sure you're following the podcast Headling too Fearancreed dot 524 00:29:26,080 --> 00:29:28,480 Speaker 1: com Today you to sign up for our free daily newsletter. 525 00:29:28,520 --> 00:29:30,320 Speaker 1: I'm Michael Thompson. That was Fear and Greed. 526 00:29:30,680 --> 00:29:31,480 Speaker 3: Have a great weekend.