1
00:00:06,240 --> 00:00:09,240
Speaker 1: Welcome to Fear and Greed. Business news you can use today.

2
00:00:09,520 --> 00:00:12,840
Speaker 1: Despite the global tariff wars, the world's biggest company, and

3
00:00:13,000 --> 00:00:17,079
Speaker 1: Video tops US four trillion dollars in value, while Bitcoin

4
00:00:17,200 --> 00:00:20,919
Speaker 1: hits a new record. Prime Minister Anthony Albanesi announces that

5
00:00:21,079 --> 00:00:24,520
Speaker 1: universities and arts bodies could lose government funding if they

6
00:00:24,640 --> 00:00:29,320
Speaker 1: failed to combat anti Semitic bigotry from staff, students and artists.

7
00:00:29,760 --> 00:00:32,920
Speaker 1: And nine entertainment wigans big from rugby league's state of

8
00:00:32,960 --> 00:00:36,720
Speaker 1: origin on Wednesday night, Plus some of Australia's best loved

9
00:00:36,800 --> 00:00:40,000
Speaker 1: magazines are up for sale. And Europe's top human rights

10
00:00:40,000 --> 00:00:44,080
Speaker 1: court has delivered damning judgments against Russia accusing Moscow of

11
00:00:44,120 --> 00:00:48,320
Speaker 1: atrocities in Ukraine dating back more than a decade. It's Friday,

12
00:00:48,360 --> 00:00:51,280
Speaker 1: the eleventh of July twenty twenty five. I'm Adam Lang

13
00:00:51,360 --> 00:00:55,200
Speaker 1: and good morning Sean Almer. Good morning Adam Sewan. The

14
00:00:55,240 --> 00:00:58,440
Speaker 1: main story this morning. It has been twenty four hours

15
00:00:58,440 --> 00:01:01,400
Speaker 1: of records on financial mark makes on Wall Street, and

16
00:01:01,520 --> 00:01:04,440
Speaker 1: Video became the first company ever to be valued at

17
00:01:04,440 --> 00:01:08,839
Speaker 1: over US four trillion dollars. In crypto markets, Bitcoin reached

18
00:01:08,880 --> 00:01:13,080
Speaker 1: a new high, and that's despite global economic uncertainty and

19
00:01:13,160 --> 00:01:16,319
Speaker 1: locally one of the best performing stocks of the last year.

20
00:01:16,560 --> 00:01:20,679
Speaker 1: Imaging group Promedicus hits another record, forcing its way into

21
00:01:20,680 --> 00:01:23,600
Speaker 1: the top twenty stocks for the first time. Sean tell

22
00:01:23,680 --> 00:01:24,240
Speaker 1: us about it.

23
00:01:24,680 --> 00:01:28,840
Speaker 2: Given all the uncertainty around tariffs and global growth and trade,

24
00:01:28,959 --> 00:01:32,040
Speaker 2: the performance of the assets you just went through has

25
00:01:32,080 --> 00:01:36,480
Speaker 2: been nothing short of exceptional. It reflects a seeming underlying

26
00:01:36,600 --> 00:01:40,440
Speaker 2: optimism that despite what's going on out there, particularly in

27
00:01:40,440 --> 00:01:44,520
Speaker 2: the US, things are okay, and video pushed beyond the

28
00:01:44,680 --> 00:01:47,920
Speaker 2: four to Trilly News dollar mark valuation, which is about

29
00:01:47,960 --> 00:01:51,800
Speaker 2: six point one trillion Ossie dollars. It closed slightly below that,

30
00:01:51,880 --> 00:01:54,480
Speaker 2: but it's the first time any company has hit that mark.

31
00:01:54,560 --> 00:01:57,560
Speaker 2: To put it into some perspective, that's more than twice

32
00:01:57,800 --> 00:02:02,600
Speaker 2: the value of the total mark capitalization of all the

33
00:02:02,600 --> 00:02:05,440
Speaker 2: top two hundred stocks in the AX, So we are

34
00:02:05,480 --> 00:02:09,040
Speaker 2: talking massive. Nvidia is up more than twenty percent this year,

35
00:02:09,080 --> 00:02:12,480
Speaker 2: more than one thousand percent since the beginning of twenty

36
00:02:12,560 --> 00:02:15,640
Speaker 2: twenty three. It now accounts for a massive seven and

37
00:02:15,680 --> 00:02:18,480
Speaker 2: a half percent of the S and P five hundred,

38
00:02:18,520 --> 00:02:20,800
Speaker 2: and the next biggest stock on wall streets Microsoft with

39
00:02:20,919 --> 00:02:24,560
Speaker 2: about three point seven trillion dollars now. The latest cutalyst

40
00:02:24,760 --> 00:02:29,000
Speaker 2: for Nvidia has been a commitment to artificial intelligence spending

41
00:02:29,360 --> 00:02:31,960
Speaker 2: from some of its biggest customers, showing the demand for

42
00:02:32,000 --> 00:02:37,640
Speaker 2: its computing systems remain strong and includes places like Microsoft, Meta, Amazon, Alphabet.

43
00:02:37,919 --> 00:02:40,400
Speaker 2: They're projected to put about three hundred and fifty billion

44
00:02:40,480 --> 00:02:44,480
Speaker 2: US in the capital expenditure in their upcoming fiscal years

45
00:02:44,480 --> 00:02:46,400
Speaker 2: and Nvidia is a big winner from that.

46
00:02:47,000 --> 00:02:50,880
Speaker 1: And speaking of incredible, Sean, what is behind bitcoin pushing

47
00:02:50,919 --> 00:02:53,720
Speaker 1: beyond US one hundred and twelve thousand dollars for the

48
00:02:53,720 --> 00:02:54,320
Speaker 1: first time.

49
00:02:55,080 --> 00:02:58,160
Speaker 2: Wish I knew, Adam, Whish I knew. I mean, there's

50
00:02:58,200 --> 00:03:01,720
Speaker 2: just there's broad support for risks and that swept up

51
00:03:01,760 --> 00:03:05,720
Speaker 2: tech stocks as well as cryptocurrencies. Bitcoin, of course, is

52
00:03:05,720 --> 00:03:08,560
Speaker 2: the original crypto asset. It's up twenty percent this year.

53
00:03:08,960 --> 00:03:12,840
Speaker 2: An Less say that institutional demand for bitcoin is surging,

54
00:03:12,919 --> 00:03:17,240
Speaker 2: not just retail demand. That gives it some sustainability. Still,

55
00:03:17,560 --> 00:03:20,799
Speaker 2: it's a risk asset and we are in pretty risky

56
00:03:20,800 --> 00:03:23,640
Speaker 2: times at the moment. Other cryptos have also done well,

57
00:03:23,760 --> 00:03:26,320
Speaker 2: as have exchanged traded funds on Wall Street and in

58
00:03:26,320 --> 00:03:29,040
Speaker 2: Australia and other places. I think the fact that bitcoin

59
00:03:29,120 --> 00:03:32,040
Speaker 2: is training over one hundred and twelve thousand USL has

60
00:03:32,120 --> 00:03:34,960
Speaker 2: unit for the first time. Is the slight mystery.

61
00:03:35,080 --> 00:03:39,800
Speaker 1: It's spectacular too, isn't it incredible? Now? Sean finally back

62
00:03:39,840 --> 00:03:43,080
Speaker 1: home pro Medicus. It keeps going from strength to strength.

63
00:03:43,880 --> 00:03:46,680
Speaker 2: It's an imaging provider to hospitals and healthcare groups. The

64
00:03:46,720 --> 00:03:49,960
Speaker 2: way I think about pro Medicus because many people will

65
00:03:50,000 --> 00:03:53,480
Speaker 2: never have heard of this company, right, it basically brings

66
00:03:53,680 --> 00:03:57,080
Speaker 2: X rays into the twenty first century. So no longer

67
00:03:57,080 --> 00:03:59,280
Speaker 2: are you carrying those big films all over in those

68
00:03:59,320 --> 00:04:04,720
Speaker 2: big envelopes. Right what it's visage radiology software mostly used

69
00:04:04,720 --> 00:04:08,280
Speaker 2: in North American hospitals. Basically, laos are really efficient viewing,

70
00:04:08,360 --> 00:04:12,840
Speaker 2: in interpreting of scans and transmission of scans, and it

71
00:04:12,880 --> 00:04:15,119
Speaker 2: has been a bit of a game changer in that industry.

72
00:04:15,360 --> 00:04:17,920
Speaker 2: Promedicus is one of the best performing stocks on the

73
00:04:17,960 --> 00:04:20,400
Speaker 2: A six two hundred over the last year, up one

74
00:04:20,480 --> 00:04:22,800
Speaker 2: hundred and forty percent. That's on the back of a

75
00:04:22,800 --> 00:04:26,160
Speaker 2: bunch of contract wins in the US and support from

76
00:04:26,320 --> 00:04:29,479
Speaker 2: fund managers who suddenly see the potential of this company.

77
00:04:29,880 --> 00:04:34,320
Speaker 2: One thing that Promedicus has done, it's market cap has

78
00:04:34,400 --> 00:04:37,520
Speaker 2: risen so much so quickly that a bunch of index

79
00:04:37,560 --> 00:04:40,880
Speaker 2: funds have sort of been clan bring to actually get

80
00:04:40,960 --> 00:04:44,560
Speaker 2: stock because it's it's not a household name. I mean,

81
00:04:44,600 --> 00:04:47,680
Speaker 2: it's now a top twenty stock. It's bigger than Zero,

82
00:04:47,839 --> 00:04:51,960
Speaker 2: bigger than Coal's, bigger than Santos, bigger than Aria, market

83
00:04:52,000 --> 00:04:55,800
Speaker 2: cap of thirty three billion dollars, twice the size of Quantus.

84
00:04:56,160 --> 00:05:00,360
Speaker 2: Quite a phenomenal effort from Promedicus.

85
00:04:59,240 --> 00:05:02,520
Speaker 1: Shorn apart from Promedicus, and it is an incredible story.

86
00:05:02,800 --> 00:05:04,920
Speaker 1: How did the local market perform yesterday?

87
00:05:05,240 --> 00:05:07,520
Speaker 2: Well, there's in PA six two hundred finished up more

88
00:05:07,520 --> 00:05:10,160
Speaker 2: than half a percent to eight five hundred and eighty

89
00:05:10,240 --> 00:05:13,800
Speaker 2: nine points. It's back training close to record levels. That's

90
00:05:13,800 --> 00:05:15,919
Speaker 2: on the back of hopes of local interest rate cuts.

91
00:05:15,960 --> 00:05:20,240
Speaker 2: Also strong Wall Street. It's school holidays, Adam, as you know,

92
00:05:20,600 --> 00:05:24,080
Speaker 2: boys are at home at the moment. Trading's lighter than

93
00:05:24,200 --> 00:05:27,680
Speaker 2: normal now. In terms of the sub indices, yesterday, Materials,

94
00:05:27,720 --> 00:05:31,080
Speaker 2: industrials and real estate did best. Healthcare index was worse.

95
00:05:31,320 --> 00:05:33,760
Speaker 2: In fact, only two of the top twenty companies ended

96
00:05:33,760 --> 00:05:35,919
Speaker 2: in the red. One was CSL and the back of

97
00:05:35,960 --> 00:05:40,839
Speaker 2: tariff concerns on pharmaceuticals, the other wise Sigma Healthcare Woodside

98
00:05:40,880 --> 00:05:46,200
Speaker 2: was flat. The other seventeen of the top twenty all rows.

99
00:05:45,240 --> 00:05:47,000
Speaker 1: Not a bad day, And Sean tell us about the

100
00:05:47,000 --> 00:05:48,280
Speaker 1: global markets well.

101
00:05:48,320 --> 00:05:51,120
Speaker 2: In terms of numbers. Oil prices have risen in recent days,

102
00:05:51,160 --> 00:05:53,880
Speaker 2: Brent's training around seventy US dollars of barrel, goals training

103
00:05:53,920 --> 00:05:57,839
Speaker 2: around thirty three twenty US dollars announce, and that mighty

104
00:05:57,839 --> 00:06:01,000
Speaker 2: Aussie dollar buying just under sixty five and a half

105
00:06:01,200 --> 00:06:01,720
Speaker 2: US since.

106
00:06:02,279 --> 00:06:04,400
Speaker 1: If you want to read about all of that, plus

107
00:06:04,400 --> 00:06:06,880
Speaker 1: a bit more in Sean's opinions, sign up on our

108
00:06:06,880 --> 00:06:09,280
Speaker 1: website to the newsletter. It's out this morning. It is

109
00:06:09,360 --> 00:06:11,719
Speaker 1: another belter of a newsletter. We'll be back in a

110
00:06:11,760 --> 00:06:21,159
Speaker 1: moment with the rest of the day's business news. Sean

111
00:06:21,400 --> 00:06:24,760
Speaker 1: universities and arts bodies will lose government funding if they

112
00:06:24,839 --> 00:06:29,320
Speaker 1: failed to combat anti Semitic bigotry from staff, students and artists.

113
00:06:29,560 --> 00:06:31,480
Speaker 1: And this is part of a new federal strategy to

114
00:06:31,560 --> 00:06:34,479
Speaker 1: combat the wave of attacks against Jewish Australians.

115
00:06:34,800 --> 00:06:39,119
Speaker 2: Yesterday, Prime Minister Anthony Albernezi, Home Affairs Minister Tony Burke

116
00:06:39,240 --> 00:06:43,920
Speaker 2: and Special Envoy on Anti Semitism Gillian Siegel announced the plan,

117
00:06:44,160 --> 00:06:47,479
Speaker 2: saying Australian border Force officials will be trained to spot

118
00:06:47,720 --> 00:06:51,239
Speaker 2: and deport anti Semites. The announcement comes after a government

119
00:06:51,240 --> 00:06:55,920
Speaker 2: commission report by MS Siegel showing anti Jewish sentiment in

120
00:06:55,960 --> 00:07:00,440
Speaker 2: Australia has risen to deeply troubling levels. The report includes

121
00:07:00,440 --> 00:07:03,440
Speaker 2: a push to adopt the national standard definition of anti

122
00:07:03,520 --> 00:07:06,360
Speaker 2: Jewish bigotry. It's part of a strategy to combat the

123
00:07:06,400 --> 00:07:09,680
Speaker 2: wave of attacks against Jewish Australians in recent months, including

124
00:07:09,880 --> 00:07:14,000
Speaker 2: alleged anti Semitic attacks in Melbourne last weekend. MS Siegel

125
00:07:14,320 --> 00:07:18,400
Speaker 2: said anti Semitism was once marginalized, but had increasingly become

126
00:07:18,760 --> 00:07:22,800
Speaker 2: a mainstream threat, challenging national values and public safety.

127
00:07:23,520 --> 00:07:26,720
Speaker 1: Sean, the Prime Minister, was also asked yesterday about Donald

128
00:07:26,760 --> 00:07:30,560
Speaker 1: Trump's plan to introduce two hundred percent tariffs on pharmaceuticals,

129
00:07:30,840 --> 00:07:33,080
Speaker 1: which would put at risk two billion dollars worth of

130
00:07:33,120 --> 00:07:35,160
Speaker 1: drug sales from Australia into North America.

131
00:07:35,640 --> 00:07:39,360
Speaker 2: Mister Ailmenezi went straight into a discussion about the Pharmaceutical

132
00:07:39,360 --> 00:07:43,760
Speaker 2: Benefit Scheme, which subsidizes the cost of drugs in Australia.

133
00:07:43,960 --> 00:07:46,520
Speaker 2: He said, we won't be compromised in trade talks with

134
00:07:46,560 --> 00:07:49,360
Speaker 2: the US when it comes to the PBS. The background

135
00:07:49,360 --> 00:07:51,720
Speaker 2: to that US drug makers have complained to the White

136
00:07:51,720 --> 00:07:55,120
Speaker 2: House about having slow access to the Australian market, saying

137
00:07:55,200 --> 00:08:00,560
Speaker 2: the Pharmaceutical Benefit Scheme often subsidizes cheaper generic products over affairs.

138
00:08:01,120 --> 00:08:04,560
Speaker 2: The fear is that Donald Trump uses that as a

139
00:08:04,560 --> 00:08:08,360
Speaker 2: reason to lump Australian goods with higher tariffs. Given what

140
00:08:08,440 --> 00:08:11,640
Speaker 2: he's done, that is fair to be concerned about that.

141
00:08:12,000 --> 00:08:14,240
Speaker 2: Another point of contention at the moment is the government's

142
00:08:14,320 --> 00:08:18,200
Speaker 2: Media Bargaining Code, which forces big tech to pay media

143
00:08:18,280 --> 00:08:21,000
Speaker 2: companies for content. Now that the Prime Minister has said

144
00:08:21,080 --> 00:08:24,080
Speaker 2: that's also not up for negotiation. Of course, we haven't

145
00:08:24,080 --> 00:08:27,600
Speaker 2: had any negotiations with the US, so until that happens,

146
00:08:28,000 --> 00:08:30,119
Speaker 2: we'll have to wait and see Shawn.

147
00:08:30,200 --> 00:08:34,520
Speaker 1: An investigation by anti corruption barrister Jeffrey Watson sc has

148
00:08:34,559 --> 00:08:39,480
Speaker 1: found the CFMEU in Queensland deliberately inflicted physical, sexual, emotional

149
00:08:39,520 --> 00:08:43,120
Speaker 1: and economic abuse on others, from labor politicians to public

150
00:08:43,120 --> 00:08:46,840
Speaker 1: servants and rival unionists, including women and children.

151
00:08:47,400 --> 00:08:51,920
Speaker 2: Quite incredible findings. The investigation accused the group's former Queensland

152
00:08:52,040 --> 00:08:56,400
Speaker 2: leadership of overseeing a regime that was violent, cruel, misogynistic

153
00:08:56,720 --> 00:09:01,000
Speaker 2: and targeted family members as fair game. Media hoarding union sources,

154
00:09:01,000 --> 00:09:03,920
Speaker 2: saying six organizers have now been removed from their roles

155
00:09:03,920 --> 00:09:07,800
Speaker 2: at the CFMEU. The forty five page investigation details dozens

156
00:09:07,800 --> 00:09:10,360
Speaker 2: of incidents, and Watson said he fears it only scratches

157
00:09:10,400 --> 00:09:14,320
Speaker 2: the service. He described the union violence as childish and cowardly,

158
00:09:14,720 --> 00:09:17,000
Speaker 2: but said far and away the worst hypocrisy from the

159
00:09:17,080 --> 00:09:19,800
Speaker 2: CFMEU relates to its treatment of women.

160
00:09:20,200 --> 00:09:23,200
Speaker 1: Sean the private equity owners of some of Australia's oldest

161
00:09:23,280 --> 00:09:26,920
Speaker 1: and best known magazine brands, The Australian Women's Weekly, Better

162
00:09:26,960 --> 00:09:30,280
Speaker 1: Homes and Gardens, New Idea in Women's Day, They've been

163
00:09:30,320 --> 00:09:31,360
Speaker 1: put up for sale.

164
00:09:31,840 --> 00:09:33,760
Speaker 2: Have you ever read any of those? Adam?

165
00:09:34,080 --> 00:09:37,160
Speaker 1: I haven't bought one, but I reckon I've sat in

166
00:09:37,320 --> 00:09:40,640
Speaker 1: so many waiting rooms where I've thumbed through one.

167
00:09:41,200 --> 00:09:44,839
Speaker 2: Yeah, or two, I would totally agree. I remember years

168
00:09:44,880 --> 00:09:47,320
Speaker 2: ago my mother used to buy the English Women's Weekly.

169
00:09:47,360 --> 00:09:50,360
Speaker 2: Shouldn't buy the Australian Woman's Weekly, the English Women's Weekly.

170
00:09:51,600 --> 00:09:53,439
Speaker 1: Just to keep retire the Northern Hemisphere.

171
00:09:53,520 --> 00:09:57,240
Speaker 2: Yeah, I'm not sure. Private equity group Mercury Capital wants

172
00:09:57,280 --> 00:10:00,520
Speaker 2: to sell the magazine. Publisher R Media aren't now the

173
00:10:00,559 --> 00:10:03,640
Speaker 2: group has struggled from a decline in advertising dollars flowing

174
00:10:03,679 --> 00:10:09,040
Speaker 2: to traditional flowing away from traditional magazine brands. Plenty of

175
00:10:09,040 --> 00:10:12,880
Speaker 2: tough competition out there, social media platforms, podcasts, ADAM podcast

176
00:10:13,200 --> 00:10:17,760
Speaker 2: streaming services, rival women's media groups. Our Media formerly was

177
00:10:17,800 --> 00:10:20,520
Speaker 2: called Bauer Media Group. Maybe people remember it as that

178
00:10:21,000 --> 00:10:24,439
Speaker 2: German media giant. Bauer spent five hundred and sixty five

179
00:10:24,559 --> 00:10:28,960
Speaker 2: million dollars about well. They bought magazines from nine Entertainment

180
00:10:28,960 --> 00:10:31,960
Speaker 2: in twenty twelve, it's from seven West Media in twenty twenty.

181
00:10:32,280 --> 00:10:38,960
Speaker 2: They created Australia's largest publisher of primarily women's magazines. Now

182
00:10:39,280 --> 00:10:42,240
Speaker 2: that was in twenty twelve and twenty twenty. They spent

183
00:10:42,280 --> 00:10:45,760
Speaker 2: that money six months after the Pacific Magazines deal. In

184
00:10:45,760 --> 00:10:48,200
Speaker 2: twenty twenty they sold the business for less than fifty

185
00:10:48,240 --> 00:10:51,559
Speaker 2: million dollars to Mercury Capital. So they did their money

186
00:10:51,559 --> 00:10:53,959
Speaker 2: on it. It'd be interesting to see how much Pe Group

187
00:10:54,040 --> 00:10:55,280
Speaker 2: Mercury Capital get for it.

188
00:10:55,760 --> 00:10:58,439
Speaker 1: Sure the rugby league state of origin between Queensland and

189
00:10:58,480 --> 00:11:00,880
Speaker 1: New South Wales resulted in a win for the Sunshine

190
00:11:00,880 --> 00:11:04,640
Speaker 1: State and also for Nine Networks streaming service nine Now.

191
00:11:04,960 --> 00:11:07,920
Speaker 2: The game had an average national television audience of more

192
00:11:07,920 --> 00:11:11,600
Speaker 2: than three point nine million people according to ratings company

193
00:11:11,600 --> 00:11:14,520
Speaker 2: os TAM. That made it the most watched program of

194
00:11:14,559 --> 00:11:18,600
Speaker 2: twenty twenty five. Almost five point seven million people tuned

195
00:11:18,600 --> 00:11:22,040
Speaker 2: in for at least one minute through broadcast TV or

196
00:11:22,080 --> 00:11:24,840
Speaker 2: fifteen seconds through the streaming app. In this case it

197
00:11:24,880 --> 00:11:28,320
Speaker 2: was nine Networks nine Now It had the biggest streaming

198
00:11:28,400 --> 00:11:31,880
Speaker 2: audience in history, according to nine, with nine one hundred

199
00:11:31,920 --> 00:11:35,439
Speaker 2: and seventy eight thousand viewers. That's about eight thousand more

200
00:11:35,440 --> 00:11:39,160
Speaker 2: than the Matilda's win. It was a loss against England

201
00:11:39,400 --> 00:11:41,640
Speaker 2: in the Fee for Women's World Cup back in August

202
00:11:41,679 --> 00:11:44,959
Speaker 2: twenty twenty three. All in all, Wednesday Night was the

203
00:11:44,960 --> 00:11:48,359
Speaker 2: biggest TV audience for an Origin game since twenty sixteen.

204
00:11:49,200 --> 00:11:52,079
Speaker 2: The three State of Origin games, which are New South

205
00:11:52,120 --> 00:11:56,240
Speaker 2: Walers v. Queensland the three most watched events of the year.

206
00:11:56,320 --> 00:11:59,960
Speaker 2: They beat the AFL Grand Final and the NRL Grand Final.

207
00:12:00,240 --> 00:12:00,720
Speaker 1: Wow.

208
00:12:01,360 --> 00:12:05,000
Speaker 2: They reach about about that five and a half million

209
00:12:05,320 --> 00:12:09,719
Speaker 2: people across cumulatively when you put streaming and free to

210
00:12:09,800 --> 00:12:12,920
Speaker 2: air across each game. Massive audiences.

211
00:12:13,280 --> 00:12:14,360
Speaker 1: It is a spectacle.

212
00:12:14,800 --> 00:12:16,600
Speaker 2: Yeah, did you watch it the other night?

213
00:12:16,880 --> 00:12:17,720
Speaker 1: Absolutely?

214
00:12:18,480 --> 00:12:20,880
Speaker 2: See. I grew up in a rugby league town in

215
00:12:21,000 --> 00:12:25,320
Speaker 2: country Orange. Yeah. In Orange, and I've got to say

216
00:12:25,400 --> 00:12:28,079
Speaker 2: I watched possibly thirty seconds of it the other night.

217
00:12:30,840 --> 00:12:32,560
Speaker 1: You thought yourself, I was losing come out.

218
00:12:33,160 --> 00:12:35,440
Speaker 2: Ah, yeah I was. I don't even know whether that

219
00:12:35,520 --> 00:12:39,040
Speaker 2: was it. I just sort of had lost lost my interest,

220
00:12:39,440 --> 00:12:40,720
Speaker 2: lost the vibe.

221
00:12:40,760 --> 00:12:43,440
Speaker 1: And then of course Sean had a son playing in

222
00:12:43,480 --> 00:12:45,880
Speaker 1: the other hemisphere in the wee hours of the morning.

223
00:12:46,720 --> 00:12:49,080
Speaker 2: Yes, the Under twenties World Cup is going on at

224
00:12:49,120 --> 00:12:51,240
Speaker 2: the moment in Rugby. I did get up at two

225
00:12:51,320 --> 00:12:54,720
Speaker 2: am and watch that particular game, And given that I

226
00:12:54,760 --> 00:12:56,400
Speaker 2: normally go up at four am, it just meant that

227
00:12:56,960 --> 00:12:58,400
Speaker 2: I got up at two am and stayed.

228
00:12:58,240 --> 00:13:03,480
Speaker 1: Up even less sleep Long day yesterday, sewn in international news.

229
00:13:03,559 --> 00:13:06,520
Speaker 1: In the United States, Donald Trump has confirmed the fifty

230
00:13:06,559 --> 00:13:09,959
Speaker 1: percent tariff on US copper imports will come into effect

231
00:13:10,000 --> 00:13:11,000
Speaker 1: on the first of August.

232
00:13:11,280 --> 00:13:13,840
Speaker 2: He also threatened to hit Brazil with tariffs of fifty

233
00:13:13,880 --> 00:13:16,720
Speaker 2: percent and accused it of attacking free speech over the

234
00:13:16,720 --> 00:13:21,280
Speaker 2: treatment of the country's former right wing president, j R. Bolsanaro.

235
00:13:21,920 --> 00:13:26,880
Speaker 2: Trump is also critical of Brazil's policy on US tech companies. Previously,

236
00:13:26,880 --> 00:13:29,959
Speaker 2: Brazil had attracted just to ten percent tariff, like Australia.

237
00:13:30,960 --> 00:13:35,199
Speaker 2: He criticized them over Bolsonaro and the tech companies. Now

238
00:13:35,200 --> 00:13:38,120
Speaker 2: they've got a fifty percent tariff. Not quite sure what

239
00:13:38,120 --> 00:13:40,600
Speaker 2: that means for Australia, but it doesn't sound like a

240
00:13:40,640 --> 00:13:44,040
Speaker 2: good thing. Bolsanaro, a long time Trump ally, is currently

241
00:13:44,080 --> 00:13:46,960
Speaker 2: on trial in Brazil over an alleged coup attempt against

242
00:13:46,960 --> 00:13:48,600
Speaker 2: the city in government Sean.

243
00:13:48,640 --> 00:13:52,560
Speaker 1: Europe's top human rights court has delivered damning judgments against

244
00:13:52,640 --> 00:13:56,040
Speaker 1: Russia in four cases brought by Kiev and the Netherlands

245
00:13:56,080 --> 00:13:59,679
Speaker 1: accusing Moscow of atrocities in Ukraine dating back more than

246
00:13:59,679 --> 00:13:59,959
Speaker 1: a death.

247
00:14:00,960 --> 00:14:03,199
Speaker 2: Judges at the European Court of Human Rights ruled that

248
00:14:03,280 --> 00:14:07,400
Speaker 2: Russia was responsible for widespread violations of international law, from

249
00:14:07,440 --> 00:14:12,480
Speaker 2: shooting down Malaysian Airlines Flight seventeen in twenty fourteen to

250
00:14:12,520 --> 00:14:16,920
Speaker 2: the murder, torture, rape, destruction of civilian infrastructure and kidnapping

251
00:14:16,960 --> 00:14:21,040
Speaker 2: of Ukrainian children after Moscow's full scale invasion in twenty

252
00:14:21,040 --> 00:14:25,520
Speaker 2: twenty two. The Boeing Triple seven, flying from Ampisteradam to

253
00:14:25,600 --> 00:14:29,520
Speaker 2: Kuala Lumpa, was shot down on July seventeen, twenty fourteen,

254
00:14:29,720 --> 00:14:33,480
Speaker 2: using a Russian made buck missile fired from territory in

255
00:14:33,480 --> 00:14:37,840
Speaker 2: eastern Ukraine that is controlled by separatist rebels loyal to Moscow.

256
00:14:37,960 --> 00:14:40,600
Speaker 2: All two hundred and ninety eight passengers and crew were killed,

257
00:14:40,640 --> 00:14:44,080
Speaker 2: including thirty eight Australian citizens and residents. The court said

258
00:14:44,200 --> 00:14:48,840
Speaker 2: Russian forces breached international humanitarian law in Ukraine by carrying

259
00:14:48,840 --> 00:14:52,480
Speaker 2: out attacks that killed and wounded thousands of civilians and

260
00:14:52,520 --> 00:14:56,640
Speaker 2: created fear and terror. That's all, according to Associated Press Sean.

261
00:14:56,720 --> 00:15:00,640
Speaker 1: Meanwhile, Russia has fired more than seven hundred attack decoy

262
00:15:00,720 --> 00:15:04,600
Speaker 1: drones at Ukraine in twenty four hours, topping previous barages.

263
00:15:04,640 --> 00:15:08,520
Speaker 1: As Moscow intensifies its aerial and ground assault in this

264
00:15:08,600 --> 00:15:09,520
Speaker 1: three year war.

265
00:15:09,560 --> 00:15:12,600
Speaker 2: Russia has recently sought to overwhelm Ukraine's air defenses by

266
00:15:12,640 --> 00:15:16,320
Speaker 2: launching major attacks that include increasing numbers of decoy drones.

267
00:15:16,360 --> 00:15:19,680
Speaker 2: The most recent one appeared aimed at disrupting Ukraine's vital

268
00:15:19,720 --> 00:15:24,080
Speaker 2: supply of Western weapons. Lutsk, a city that's home to

269
00:15:24,200 --> 00:15:27,120
Speaker 2: airfields used by the Ukrainian Army, was the hardest hit,

270
00:15:27,240 --> 00:15:30,800
Speaker 2: according to President Vladimir Zelenski. It lies near the border

271
00:15:30,920 --> 00:15:33,840
Speaker 2: with Poland in western Ukraine, a region that is a

272
00:15:33,880 --> 00:15:36,480
Speaker 2: crucial hub for receiving foreign military aid.

273
00:15:37,320 --> 00:15:39,240
Speaker 1: That's It's Shawn and up next is the Fear and

274
00:15:39,280 --> 00:15:42,560
Speaker 1: Greed Daily Interview with Vincent Nair. He's the executive chairman

275
00:15:42,600 --> 00:15:45,320
Speaker 1: and CEO of smart Tech Business Systems. Tell us about

276
00:15:45,360 --> 00:15:45,800
Speaker 1: the interview.

277
00:15:45,960 --> 00:15:48,800
Speaker 2: So Smartek's a major sponsor of super rugby in Australia.

278
00:15:48,800 --> 00:15:51,640
Speaker 2: Now it's not really a mainstream sports super Rugby. It's

279
00:15:51,640 --> 00:15:54,160
Speaker 2: so close to but it's not like AFL or NRL

280
00:15:54,280 --> 00:15:56,760
Speaker 2: or anything like that. So we ask him why he

281
00:15:56,800 --> 00:15:58,760
Speaker 2: doesn't and what he gets out of it. Then we

282
00:15:58,840 --> 00:16:01,840
Speaker 2: sort of push more broad into marketing your product and

283
00:16:01,840 --> 00:16:04,360
Speaker 2: a B to to B space how smart Teak is

284
00:16:04,400 --> 00:16:06,200
Speaker 2: doing them. It's great chat with Vincent.

285
00:16:06,720 --> 00:16:08,760
Speaker 1: That's up next in the Fear and Greed playlist on

286
00:16:08,800 --> 00:16:12,320
Speaker 1: your favorite podcast platform or at Fearangreed dot com dot au.

287
00:16:12,520 --> 00:16:14,320
Speaker 1: Thank you, Sean, thank you very much.

288
00:16:14,320 --> 00:16:14,640
Speaker 2: Adam.

289
00:16:15,120 --> 00:16:18,200
Speaker 1: It's Friday, the eleventh of July twenty twenty five. Make

290
00:16:18,240 --> 00:16:22,000
Speaker 1: sure you're following the podcast, Join us online on LinkedIn, Instagram,

291
00:16:22,200 --> 00:16:25,440
Speaker 1: x TikTok and Facebook, and please have a great day.