1 00:00:05,960 --> 00:00:08,559 Speaker 1: This is the weekend edition of Fear and Greed, daily 2 00:00:08,600 --> 00:00:10,799 Speaker 1: business news for people who make their own decisions. Are 3 00:00:10,840 --> 00:00:13,400 Speaker 1: Michael Thompson and good morning, Sean Aylmer. 4 00:00:13,560 --> 00:00:16,000 Speaker 2: Good morning, Michael, Sean. 5 00:00:16,040 --> 00:00:18,680 Speaker 1: Our weekend show is a competition. It is all about 6 00:00:18,680 --> 00:00:20,239 Speaker 1: the two of us each nominating what we think is 7 00:00:20,280 --> 00:00:24,040 Speaker 1: the biggest business story of the week, the most remarkable story. 8 00:00:24,680 --> 00:00:26,840 Speaker 1: We used to do a sleeper story. Now we have 9 00:00:26,920 --> 00:00:30,720 Speaker 1: a mystery category there, which sounds very enticing. We've got 10 00:00:30,720 --> 00:00:33,760 Speaker 1: a great one coming up today, and then our favorite 11 00:00:33,760 --> 00:00:36,440 Speaker 1: business story, and we are joined every week by a 12 00:00:36,520 --> 00:00:38,919 Speaker 1: judge to pick a winner. And that judge, as always, 13 00:00:39,080 --> 00:00:41,720 Speaker 1: is our Fear and Greed colleague, Adam Lang Adam. 14 00:00:41,479 --> 00:00:44,760 Speaker 3: Good morning, Hello, Michael, Hello Sean morning. 15 00:00:45,159 --> 00:00:47,120 Speaker 1: Are you looking forward to the mystery category? 16 00:00:47,960 --> 00:00:50,920 Speaker 3: I am some trepidation, but yes, I'm looking forward to it. 17 00:00:51,479 --> 00:00:53,880 Speaker 1: And very very quickly, what are you looking for in 18 00:00:53,920 --> 00:00:59,680 Speaker 1: our stories? We know that you're looking for economic impact melodrama. 19 00:01:00,480 --> 00:01:04,200 Speaker 4: Aside from those two, I would like timeliness and topicality 20 00:01:04,800 --> 00:01:07,160 Speaker 4: and a little bit of playing to my subjective bias. 21 00:01:07,680 --> 00:01:11,240 Speaker 1: Okay, so just mention reform somewhere in the story. Yeah, 22 00:01:12,080 --> 00:01:14,360 Speaker 1: all right, let's jump into the biggest business story of 23 00:01:14,360 --> 00:01:16,640 Speaker 1: the week. And before we get to that story, of course, 24 00:01:16,720 --> 00:01:19,559 Speaker 1: a shout out to everyone that's been affected by the cyclone. 25 00:01:20,040 --> 00:01:23,000 Speaker 1: Cyclone Alfred over the last few days are really confronting 26 00:01:23,040 --> 00:01:27,080 Speaker 1: and quite awful story business, Sean, do you want to 27 00:01:27,120 --> 00:01:29,920 Speaker 1: go give us the biggest business story of the week, and. 28 00:01:30,240 --> 00:01:32,200 Speaker 2: I do, there's only one. 29 00:01:32,280 --> 00:01:34,760 Speaker 1: I'm so glad that your ban on economics is over. 30 00:01:35,880 --> 00:01:38,399 Speaker 2: It's a pretty good wig on the economic front. Really, 31 00:01:38,440 --> 00:01:41,520 Speaker 2: we had the national accounts growth of zero point six 32 00:01:41,560 --> 00:01:44,400 Speaker 2: percent for the December quarter one point three percent for 33 00:01:44,480 --> 00:01:47,200 Speaker 2: the year twenty twenty four, best out coming in a 34 00:01:47,200 --> 00:01:50,279 Speaker 2: couple of years, way below the two point seven percent 35 00:01:50,320 --> 00:01:52,880 Speaker 2: long run average. But things are starting to improve. That's 36 00:01:52,880 --> 00:01:55,920 Speaker 2: what we really found out during the week. Growth per 37 00:01:56,000 --> 00:02:00,000 Speaker 2: person as in per capita, it actually rose. We haven't 38 00:02:00,120 --> 00:02:02,960 Speaker 2: had that for seven quarters. That's a great way of 39 00:02:03,040 --> 00:02:08,080 Speaker 2: measuring living standards. They're improving significantly. The household sector is 40 00:02:08,160 --> 00:02:11,720 Speaker 2: picking up. The government has been supporting the economy ever 41 00:02:11,760 --> 00:02:16,280 Speaker 2: since COVID. Really now households are finally spending a bit 42 00:02:16,320 --> 00:02:19,080 Speaker 2: more and that should improve with that last rate cut. 43 00:02:19,400 --> 00:02:22,200 Speaker 2: In fact, we got retail sales figures for January. This 44 00:02:22,360 --> 00:02:24,880 Speaker 2: week they show a rise in part due to people 45 00:02:24,880 --> 00:02:28,760 Speaker 2: spending at the Aussie Open, the tennis and the cricket 46 00:02:28,919 --> 00:02:32,560 Speaker 2: tournaments which were in Sydney during January. We're also the 47 00:02:32,600 --> 00:02:37,040 Speaker 2: Reserve Bank Deputy Governor Andrew Howser speaking plus the RBA Minutes. 48 00:02:37,040 --> 00:02:39,679 Speaker 2: The message is clear, another rate cut is no sure thing, 49 00:02:39,760 --> 00:02:42,320 Speaker 2: at least not in the short term. We've had to 50 00:02:42,360 --> 00:02:44,640 Speaker 2: jump in brilliant approvals. That sector is off the floor, 51 00:02:44,639 --> 00:02:47,280 Speaker 2: though a long way before it gets back to where 52 00:02:47,320 --> 00:02:51,160 Speaker 2: it should be. We've just had a pretty solid week 53 00:02:51,400 --> 00:02:55,120 Speaker 2: on the economic front. The downside and economists are known 54 00:02:55,160 --> 00:03:00,919 Speaker 2: as dismal sitis for a reason. Productivity still basket case. 55 00:03:01,320 --> 00:03:03,880 Speaker 2: We're not being productive enough. We're not getting more output 56 00:03:03,919 --> 00:03:07,120 Speaker 2: to a unit of input, so that's an issue. But 57 00:03:07,200 --> 00:03:09,720 Speaker 2: in terms of stories of the week, I think that's 58 00:03:09,800 --> 00:03:13,840 Speaker 2: really the big one. I mean, it actually affects Australians. 59 00:03:14,400 --> 00:03:18,160 Speaker 2: It's not bluff and bluster, it's solid, it's serious. What's 60 00:03:18,200 --> 00:03:21,040 Speaker 2: your big story of the week, Michael, I wonder it'll 61 00:03:21,080 --> 00:03:22,400 Speaker 2: be a real surprise. 62 00:03:22,440 --> 00:03:23,280 Speaker 1: You know what, Sean? 63 00:03:23,560 --> 00:03:24,200 Speaker 2: What Michael? 64 00:03:24,639 --> 00:03:29,239 Speaker 1: I reckon? And I'm speaking on behalf of everybody listening 65 00:03:29,240 --> 00:03:33,880 Speaker 1: to this right now, one no the universe. It was 66 00:03:33,919 --> 00:03:37,080 Speaker 1: actually almost better when I did economics. There was some 67 00:03:37,200 --> 00:03:39,480 Speaker 1: flare to it, and some of that was mystery and 68 00:03:39,520 --> 00:03:42,360 Speaker 1: suspense over whether I was going to completely stuff it 69 00:03:42,440 --> 00:03:45,280 Speaker 1: up on the way through. But what that felt to 70 00:03:45,320 --> 00:03:48,720 Speaker 1: me was just a whole lot of data and a 71 00:03:48,720 --> 00:03:52,160 Speaker 1: whole lot of data releasis, which unfortunately plays directly directly 72 00:03:52,200 --> 00:03:57,920 Speaker 1: to Adam's subjective bias. What though happened elsewhere in the 73 00:03:57,960 --> 00:04:03,280 Speaker 1: world this week is just universally accepted as the biggest 74 00:04:03,400 --> 00:04:06,040 Speaker 1: business story of the week, possibly of the year, and 75 00:04:06,080 --> 00:04:08,080 Speaker 1: it is Donald Trump. And that might be starting to 76 00:04:08,080 --> 00:04:10,280 Speaker 1: feel a little bit repetitive, because he has been the 77 00:04:10,280 --> 00:04:13,160 Speaker 1: biggest story now for the last six weeks since we 78 00:04:13,240 --> 00:04:17,039 Speaker 1: started back for the year. But dot point version, let 79 00:04:17,040 --> 00:04:23,360 Speaker 1: me give you seven dot points, right seven? 80 00:04:23,800 --> 00:04:26,800 Speaker 2: Anything new in them, let's I'll count the new stuff. 81 00:04:26,880 --> 00:04:27,320 Speaker 2: Go for it. 82 00:04:28,560 --> 00:04:33,120 Speaker 1: That's not fair. I suppose it's what grounds that's not fair? 83 00:04:33,200 --> 00:04:38,039 Speaker 1: I don't know. Look, okay, Number one actually imposed the 84 00:04:38,080 --> 00:04:40,640 Speaker 1: twenty five percent tariffs on imports from Canada and Mexico. 85 00:04:41,680 --> 00:04:45,000 Speaker 1: Telling but he said it actually happened. It actually happened, 86 00:04:45,160 --> 00:04:48,200 Speaker 1: And that's one of Adam's key criteria that it can't 87 00:04:48,200 --> 00:04:50,000 Speaker 1: just be stuff that's going to happen maybe in the 88 00:04:50,040 --> 00:04:51,960 Speaker 1: future or might have been talked about in the past. 89 00:04:52,040 --> 00:04:55,400 Speaker 1: It actually happened this week. An extra ten percent tariff 90 00:04:55,600 --> 00:04:57,680 Speaker 1: on imports from China on top of the previous ten 91 00:04:57,720 --> 00:05:04,000 Speaker 1: percent actually happened, and it was extra, extra, extra extra. 92 00:05:05,120 --> 00:05:13,400 Speaker 1: China retaliated tariffs of its own. That was new statement 93 00:05:13,440 --> 00:05:16,320 Speaker 1: from the Chinese government. How about this, This is new. 94 00:05:16,360 --> 00:05:19,719 Speaker 1: They didn't make this statement before. And I quote I 95 00:05:19,839 --> 00:05:24,240 Speaker 1: quote if war is what the US wants, be it 96 00:05:24,360 --> 00:05:27,880 Speaker 1: a tariff war, a trade war, or any other type 97 00:05:27,880 --> 00:05:33,599 Speaker 1: of war, We're ready to fight till the ending. That 98 00:05:33,720 --> 00:05:37,240 Speaker 1: is both new and extremely sinister. We had the if 99 00:05:37,279 --> 00:05:38,880 Speaker 1: you cast your mind all the way back to the 100 00:05:38,920 --> 00:05:43,080 Speaker 1: start of the week, the very ugly confrontation between Donald Trump, 101 00:05:43,200 --> 00:05:45,960 Speaker 1: Jade Vance and President. 102 00:05:46,680 --> 00:05:47,920 Speaker 2: When's your week start? 103 00:05:48,760 --> 00:05:53,239 Speaker 1: Well, it starts on mid morning Saturday, after we record 104 00:05:53,320 --> 00:05:58,520 Speaker 1: this show. Yeah. That's handy, isn't it, Because because this 105 00:05:58,640 --> 00:06:04,080 Speaker 1: happened after after the weekend edition. Last week happened as 106 00:06:04,160 --> 00:06:07,880 Speaker 1: we were recording, happened after, So I think that this 107 00:06:07,960 --> 00:06:08,560 Speaker 1: doesn't count. 108 00:06:08,680 --> 00:06:12,080 Speaker 2: Friday, Washington Time Bob Bomb two out of five. 109 00:06:12,240 --> 00:06:14,400 Speaker 1: Okay, you know what, then I'll just give you six 110 00:06:14,440 --> 00:06:18,520 Speaker 1: top points instead of seven. Then the US paused all 111 00:06:18,560 --> 00:06:22,159 Speaker 1: military aid to Ukraine, an escalation on the basis of 112 00:06:22,200 --> 00:06:27,560 Speaker 1: that that is new. And then finally the enormous the 113 00:06:27,960 --> 00:06:32,360 Speaker 1: Gantauan Address to the Joint Session of Congress, one hundred 114 00:06:32,520 --> 00:06:37,360 Speaker 1: minutes speech, one hundred minutes detailing achievements of the first 115 00:06:37,560 --> 00:06:40,320 Speaker 1: kind of little while in office by Donald Trump. A 116 00:06:40,400 --> 00:06:44,320 Speaker 1: lot of rhetoric, slightly better tone towards Ukraine, but it 117 00:06:44,360 --> 00:06:47,080 Speaker 1: was just the theater and the flare and all of 118 00:06:47,120 --> 00:06:50,760 Speaker 1: that that we expect from the President of the United Yeah, 119 00:06:50,760 --> 00:06:54,080 Speaker 1: the melodrama, all of it. So there we go, massive, 120 00:06:54,120 --> 00:07:00,880 Speaker 1: massive week tariffs, Ukraine speeches, very dramatic speeches, and that 121 00:07:01,200 --> 00:07:05,320 Speaker 1: statement from China that is the most sinister thing I 122 00:07:05,360 --> 00:07:06,919 Speaker 1: have heard in a long time. 123 00:07:07,320 --> 00:07:09,200 Speaker 2: So I just like they say, I agree with four 124 00:07:09,200 --> 00:07:12,600 Speaker 2: of the seven being you. But that does suggest that 125 00:07:12,680 --> 00:07:14,560 Speaker 2: you've just done four stories in one. 126 00:07:15,400 --> 00:07:19,840 Speaker 1: No, it's all Trump. You just did six different things 127 00:07:20,120 --> 00:07:23,680 Speaker 1: about the economy. I don't mean to be petty, and 128 00:07:23,720 --> 00:07:24,920 Speaker 1: I don't mean to be. 129 00:07:25,640 --> 00:07:26,920 Speaker 2: You are petty, Michael. 130 00:07:27,280 --> 00:07:30,800 Speaker 1: You know what, I've come into this today with an 131 00:07:30,960 --> 00:07:35,360 Speaker 1: argumentative spirit. Yes, and I'm not going to tolerate any 132 00:07:35,360 --> 00:07:39,720 Speaker 1: of this nonsense Adam, penalize him. 133 00:07:40,120 --> 00:07:42,240 Speaker 3: I can't split these stories. 134 00:07:43,040 --> 00:07:47,920 Speaker 2: Come on, have some courage losing. I don't want to 135 00:07:47,960 --> 00:07:51,760 Speaker 2: be just you know, I think, Michael, we should ban 136 00:07:51,960 --> 00:07:55,880 Speaker 2: Adam giving draws no more. See it's a cop out. 137 00:07:56,120 --> 00:07:58,440 Speaker 1: Hang on, hang on. I don't side with that because 138 00:07:58,720 --> 00:08:01,600 Speaker 1: often I get what it's called pity draw, where I 139 00:08:01,600 --> 00:08:03,280 Speaker 1: get a draw and I don't deserve one. 140 00:08:03,600 --> 00:08:07,760 Speaker 2: And somehow I can we put as a KPI Adam 141 00:08:08,360 --> 00:08:12,240 Speaker 2: Adam language, it won't affect your bonus. But as a KPI, 142 00:08:13,280 --> 00:08:16,200 Speaker 2: can you please try not to present draws to us? 143 00:08:16,520 --> 00:08:21,240 Speaker 3: I can, But look, Trump is sptacular. 144 00:08:21,800 --> 00:08:22,240 Speaker 1: It is. 145 00:08:22,320 --> 00:08:25,560 Speaker 4: It's so hard, and we've actually busted through this per 146 00:08:25,640 --> 00:08:26,520 Speaker 4: capital recession. 147 00:08:26,600 --> 00:08:28,400 Speaker 2: They give him the win, you know on your. 148 00:08:29,920 --> 00:08:34,040 Speaker 4: Exactly it's like seven quarters of decline per capita recession 149 00:08:34,520 --> 00:08:39,280 Speaker 4: we've busted through, but chiefly through government employment and spending. 150 00:08:39,440 --> 00:08:45,920 Speaker 4: It's like, oh, productivity, Sean, you mentioned it. 151 00:08:45,920 --> 00:08:46,520 Speaker 3: It's a draw. 152 00:08:47,480 --> 00:08:51,240 Speaker 1: Also, China this week set its targets for the rest 153 00:08:51,320 --> 00:08:52,040 Speaker 1: of the year. 154 00:08:54,200 --> 00:08:56,760 Speaker 2: Per chance point eight, and don't they get to mark 155 00:08:56,800 --> 00:08:58,400 Speaker 2: their own homework point eight. 156 00:08:58,400 --> 00:09:01,320 Speaker 1: Which has a massive impact on US Australia obviously, which 157 00:09:01,480 --> 00:09:03,920 Speaker 1: I neglected to mention actually, but I should have because 158 00:09:03,920 --> 00:09:06,000 Speaker 1: it all is all tied in there with tariffs and 159 00:09:06,000 --> 00:09:08,720 Speaker 1: trade ward and China with their threatening statement. You know 160 00:09:08,760 --> 00:09:10,559 Speaker 1: what I do deserve the win. 161 00:09:10,800 --> 00:09:13,440 Speaker 3: I think your story was Trump, though not China. 162 00:09:13,960 --> 00:09:16,760 Speaker 2: Now I'm being the pedant who knows what his story was. 163 00:09:17,000 --> 00:09:20,720 Speaker 2: It's just got points that were being who nice? So 164 00:09:21,080 --> 00:09:22,040 Speaker 2: is it a drawer, Adam? 165 00:09:22,080 --> 00:09:24,160 Speaker 1: So who won? Here? Adam to draw. 166 00:09:24,480 --> 00:09:28,000 Speaker 3: Zero point five? The audience wins? Well for a fullsome 167 00:09:28,040 --> 00:09:30,880 Speaker 3: coverage of stories you have disappointed? 168 00:09:32,240 --> 00:09:33,840 Speaker 2: Yeah, equally disappointed. 169 00:09:34,240 --> 00:09:40,000 Speaker 1: Okay, let's move on, yes to the most remarkable gay 170 00:09:40,040 --> 00:09:41,560 Speaker 1: for it, Michael, Shall I go. 171 00:09:41,520 --> 00:09:42,040 Speaker 3: First on this? 172 00:09:42,559 --> 00:09:45,319 Speaker 1: Yes? Yes, yes, I was going to do politics and 173 00:09:45,360 --> 00:09:47,440 Speaker 1: just do a bit of a wrap on politics and 174 00:09:47,840 --> 00:09:51,119 Speaker 1: don't do those eyebrows. Going to do politics. 175 00:09:51,160 --> 00:09:52,040 Speaker 3: That would be interesting. 176 00:09:52,280 --> 00:09:54,880 Speaker 1: Oh, that would have been horrendous. I was going to 177 00:09:54,880 --> 00:09:56,480 Speaker 1: talk about the fact that we're in this de facto 178 00:09:56,760 --> 00:09:59,040 Speaker 1: election campaign, but I've already talked about that, and there's 179 00:09:59,040 --> 00:10:02,000 Speaker 1: a lot of speculation at the election date. We've talked 180 00:10:02,000 --> 00:10:04,800 Speaker 1: about that as well, and there are some policies being announced, 181 00:10:04,800 --> 00:10:09,000 Speaker 1: like the government's nearly five billion dollars of federal funding 182 00:10:09,160 --> 00:10:12,840 Speaker 1: being spending into new Southwest public schools. But what I 183 00:10:12,880 --> 00:10:15,720 Speaker 1: think is particularly fascinating and particularly remarkable, right, is the 184 00:10:15,760 --> 00:10:19,280 Speaker 1: way that the public service is becoming a key battleground 185 00:10:19,280 --> 00:10:22,000 Speaker 1: for this particular election campaign, more than it has in 186 00:10:22,120 --> 00:10:23,160 Speaker 1: recent campaigns. 187 00:10:26,440 --> 00:10:29,800 Speaker 2: God, wake me up when he's finished out. 188 00:10:30,320 --> 00:10:33,160 Speaker 1: Fine, you don't have to say anything. You don't even 189 00:10:33,200 --> 00:10:38,280 Speaker 1: have to listen, Sean, I'm not convincing you. I'm convinced, Adam. Yes, 190 00:10:38,840 --> 00:10:43,640 Speaker 1: the public service is often brought into election campaigns, right, 191 00:10:44,280 --> 00:10:47,960 Speaker 1: and this ideological battle between kind of big government, small government, 192 00:10:48,000 --> 00:10:51,280 Speaker 1: all that kind of thing. But this time around it 193 00:10:51,360 --> 00:10:53,959 Speaker 1: is got yes indeed, and reform. We love reform and 194 00:10:54,040 --> 00:10:57,240 Speaker 1: it comes to layers of government. But but what we 195 00:10:57,280 --> 00:10:59,640 Speaker 1: are seeing this time is an escalation of this. It 196 00:10:59,679 --> 00:11:03,200 Speaker 1: is bigger than it has been in recent memory. Right. 197 00:11:03,640 --> 00:11:06,280 Speaker 1: On the one hand, the opposition is pledging to cut 198 00:11:06,320 --> 00:11:10,600 Speaker 1: the federal public service by twenty percent, that is about 199 00:11:10,640 --> 00:11:16,160 Speaker 1: thirty six thousand jobs. Thirty six thousand jobs, saving around 200 00:11:16,160 --> 00:11:19,920 Speaker 1: six billion dollars annually. The government increased the public service 201 00:11:19,920 --> 00:11:22,320 Speaker 1: by sixteen percent, saying that it was saving money on 202 00:11:22,760 --> 00:11:25,800 Speaker 1: outsourcing a lot of stuff. It's warning, of course, about 203 00:11:25,800 --> 00:11:28,360 Speaker 1: the risk of cutting these roles, saying that it'll end 204 00:11:28,440 --> 00:11:30,760 Speaker 1: up with kind of late payments being made to people 205 00:11:31,360 --> 00:11:35,520 Speaker 1: from welfare or have administrative failures like the robodebt scandal. 206 00:11:36,120 --> 00:11:38,480 Speaker 1: The big headline though, around this is one of the 207 00:11:38,480 --> 00:11:40,840 Speaker 1: reasons why it is coming up as one of the 208 00:11:40,960 --> 00:11:45,160 Speaker 1: big election campaign issues. Is this headline the policy about 209 00:11:45,200 --> 00:11:48,560 Speaker 1: working from home, the coalition's plans to get every single 210 00:11:48,679 --> 00:11:53,400 Speaker 1: public service worker back into the office, not three days 211 00:11:53,440 --> 00:11:56,880 Speaker 1: a week, not four days a week, but five days 212 00:11:57,080 --> 00:11:59,719 Speaker 1: a week. You had Shadow Finance Minister Jane Hume out 213 00:11:59,760 --> 00:12:03,640 Speaker 1: there saying that the government gave public servants quote a 214 00:12:03,679 --> 00:12:08,000 Speaker 1: blank check to work from home. This reform, this change, 215 00:12:08,200 --> 00:12:09,520 Speaker 1: the scrapping of this. 216 00:12:09,720 --> 00:12:12,240 Speaker 2: Did this happen this week? Everyone's got to work from 217 00:12:12,280 --> 00:12:14,080 Speaker 2: home from Monday. 218 00:12:14,559 --> 00:12:16,320 Speaker 1: You said you weren't going to listen to me, You 219 00:12:16,360 --> 00:12:18,920 Speaker 1: said you were going to sleep. So unless this is 220 00:12:18,960 --> 00:12:21,760 Speaker 1: some kind of sleep interjection and your sleep talking, I 221 00:12:21,760 --> 00:12:27,080 Speaker 1: don't want to hear it, Sean, just I'm talking right. 222 00:12:27,600 --> 00:12:30,319 Speaker 2: This is not just when jobs, when do the public 223 00:12:30,360 --> 00:12:31,640 Speaker 2: servants guys lose their jobs. 224 00:12:32,800 --> 00:12:34,840 Speaker 1: It is the fact that this is a key battleground 225 00:12:35,200 --> 00:12:39,880 Speaker 1: Sean in the election campaign. Right, okay, all right, right, okay, 226 00:12:40,920 --> 00:12:46,679 Speaker 1: check your privilege. I don't actually know what privilege is 227 00:12:47,000 --> 00:12:51,320 Speaker 1: on display here right now, the privilege of a microphone. Now, 228 00:12:51,920 --> 00:12:54,920 Speaker 1: this is actually quite similar in many ways to one 229 00:12:54,960 --> 00:12:57,840 Speaker 1: of Trump's key policies. One of the first decisions that 230 00:12:57,880 --> 00:13:00,840 Speaker 1: he made once he was elected was it's kind of 231 00:13:00,920 --> 00:13:02,800 Speaker 1: got rid of work from home, got everyone back into 232 00:13:02,800 --> 00:13:06,800 Speaker 1: the office. Right, But it's also quite well aligned with business. Right, 233 00:13:06,840 --> 00:13:09,680 Speaker 1: You've got woollies and colds and Commonwealth Bank and Amazon 234 00:13:09,720 --> 00:13:12,319 Speaker 1: and tab call a bunch of businesses that are getting 235 00:13:12,320 --> 00:13:14,640 Speaker 1: people back into the office a return to office mandate. 236 00:13:14,920 --> 00:13:16,880 Speaker 1: You had research late in the week that was showing 237 00:13:16,920 --> 00:13:20,080 Speaker 1: the number of federal departments where kind ten or twenty 238 00:13:20,160 --> 00:13:23,120 Speaker 1: or up to fifty percent of staff were working remotely 239 00:13:23,200 --> 00:13:26,000 Speaker 1: one hundred percent of the time, zero days in the office. 240 00:13:26,120 --> 00:13:28,880 Speaker 1: My favorite part of that whole story was that you 241 00:13:28,920 --> 00:13:32,040 Speaker 1: had the head of the Productivity Commission, Daniel Wood, talking 242 00:13:32,080 --> 00:13:35,000 Speaker 1: about the fact that the economic research around it showed 243 00:13:35,320 --> 00:13:39,440 Speaker 1: that working remotely five days a week did hurt productivity. 244 00:13:39,640 --> 00:13:43,000 Speaker 1: But there's actually six percent of people within the Productivity 245 00:13:43,000 --> 00:13:45,800 Speaker 1: Commission that work from home five days a week. And 246 00:13:45,840 --> 00:13:47,800 Speaker 1: all of a sudden, these six percent of people would 247 00:13:47,880 --> 00:13:51,800 Speaker 1: just be listening to this going oh dear, oh dear, 248 00:13:52,160 --> 00:13:54,360 Speaker 1: we might be targeted to get back into the office soon. 249 00:13:54,520 --> 00:13:57,280 Speaker 1: I just find this whole thing quite remarkable, right, that 250 00:13:57,360 --> 00:13:59,959 Speaker 1: this is the key battle ground, the key battle grind 251 00:14:00,240 --> 00:14:03,720 Speaker 1: for the election campaign for public servants at least focused 252 00:14:03,720 --> 00:14:05,920 Speaker 1: on job cuts, focused on working from home. There you go, 253 00:14:06,080 --> 00:14:07,920 Speaker 1: thirty seconds, great wrap of that story. 254 00:14:08,520 --> 00:14:12,160 Speaker 2: Okay, so what happens to public servants that work in situ? 255 00:14:12,640 --> 00:14:15,319 Speaker 2: So they work for an apartment but they're not anywhere 256 00:14:15,320 --> 00:14:17,520 Speaker 2: near head office. They could be across the country because 257 00:14:17,520 --> 00:14:19,600 Speaker 2: that's what they need to do. There's no office. Where 258 00:14:19,600 --> 00:14:19,960 Speaker 2: do they go? 259 00:14:20,440 --> 00:14:22,920 Speaker 1: Well, I think the details that they actually said were 260 00:14:22,960 --> 00:14:26,600 Speaker 1: that there would be exemptions and exceptions made in circumstances. 261 00:14:26,600 --> 00:14:28,080 Speaker 1: But I mean, this is this is not. 262 00:14:29,000 --> 00:14:32,880 Speaker 2: Out of the Productivity Commission with the exemption people. You 263 00:14:32,960 --> 00:14:33,400 Speaker 2: don't know. 264 00:14:34,080 --> 00:14:36,080 Speaker 1: I don't imagine there's a huge amount of field. 265 00:14:36,120 --> 00:14:38,360 Speaker 2: Now, look what I would give you that story, Michael, 266 00:14:38,440 --> 00:14:40,640 Speaker 2: is they suck up to the judge because he loves 267 00:14:40,680 --> 00:14:42,680 Speaker 2: the whole work from hard debate. But you're on the 268 00:14:42,680 --> 00:14:46,040 Speaker 2: wrong side of it because you're saying, go back to work. 269 00:14:46,920 --> 00:14:47,400 Speaker 2: Can't tell you. 270 00:14:47,440 --> 00:14:49,680 Speaker 1: Something that's really I'm not taking a side. I'm being impartial. 271 00:14:49,720 --> 00:14:52,560 Speaker 1: Sure I would never side of it anyone. 272 00:14:53,160 --> 00:14:55,520 Speaker 2: You would always side with the judge. What is remarkable 273 00:14:55,640 --> 00:14:58,280 Speaker 2: is how many big companies in Australia are on the 274 00:14:58,320 --> 00:15:03,080 Speaker 2: brink of collapse this week. This week we found out 275 00:15:03,560 --> 00:15:07,560 Speaker 2: Star Entertainment is teetering, hoping for someone to come in 276 00:15:07,600 --> 00:15:10,800 Speaker 2: and buy up all its debt. We found out YEP 277 00:15:12,160 --> 00:15:15,160 Speaker 2: was teaching last week too. You are wrong. 278 00:15:15,280 --> 00:15:16,400 Speaker 3: It's a bit more teaching. 279 00:15:17,000 --> 00:15:20,600 Speaker 2: We found out this week the way Alas Steel Works 280 00:15:20,640 --> 00:15:23,080 Speaker 2: lost three hundred and nineteen million dollars and seven months 281 00:15:23,080 --> 00:15:26,440 Speaker 2: before going into administration owing one point three five billion dollars. 282 00:15:26,520 --> 00:15:30,640 Speaker 2: We found out this week that Australia's second largest hospital 283 00:15:30,720 --> 00:15:33,880 Speaker 2: group of Healthscope, has failed to fully pay rent on 284 00:15:33,880 --> 00:15:38,000 Speaker 2: some of its buildings. It's being threatened with eviction. You 285 00:15:38,120 --> 00:15:41,760 Speaker 2: add in everything else that's going on, Rex Airlines, Bull International, 286 00:15:41,760 --> 00:15:44,840 Speaker 2: they're both building the South Bank project in Melbourne. It's 287 00:15:44,840 --> 00:15:49,200 Speaker 2: invontree administration. Rex is in administration. Mosaic Brands, Miller's ninety 288 00:15:49,240 --> 00:15:53,480 Speaker 2: b rivers, Rockmans, it's an administration. Then we found out 289 00:15:53,760 --> 00:15:56,800 Speaker 2: this week things like South African anal of Country Road 290 00:15:56,880 --> 00:15:59,400 Speaker 2: saying it can't turn a profit. We've also got corporate 291 00:15:59,400 --> 00:16:02,440 Speaker 2: deals going on and holding up companies like Maya buying 292 00:16:02,520 --> 00:16:09,240 Speaker 2: Premiere Investments. It is remarkable how clear it is today 293 00:16:09,400 --> 00:16:13,240 Speaker 2: from this week that no company is too big to 294 00:16:13,360 --> 00:16:18,040 Speaker 2: fail in Australia. Maybe the exception is banks, because anytime 295 00:16:18,080 --> 00:16:20,120 Speaker 2: the banks get I mean Bank of Western Australia a 296 00:16:20,160 --> 00:16:22,680 Speaker 2: few years back nearly failed in Commonwealth Bank was effectively 297 00:16:22,680 --> 00:16:27,520 Speaker 2: forced to buy them. But generally companies are no longer 298 00:16:27,560 --> 00:16:30,400 Speaker 2: too big to fail, and it is remarkable how many 299 00:16:30,400 --> 00:16:35,360 Speaker 2: big companies right now are failing big. Michael, thank give 300 00:16:35,360 --> 00:16:38,680 Speaker 2: me that. Look, well, I've been irritated this morning. I'm 301 00:16:38,720 --> 00:16:39,720 Speaker 2: just not enjoying the show. 302 00:16:40,560 --> 00:16:44,960 Speaker 3: I just well, I'm absolutely charmed by you, Sean. 303 00:16:46,640 --> 00:16:47,320 Speaker 1: Charmed by me? 304 00:16:47,920 --> 00:16:52,680 Speaker 4: Oh yes always, Michael. The Miller drama is wonderful. Not 305 00:16:52,840 --> 00:16:54,360 Speaker 4: enough to win you this category, though, but. 306 00:16:56,560 --> 00:17:01,040 Speaker 3: Sean wins big companies too big, and that we've seen 307 00:17:01,120 --> 00:17:04,399 Speaker 3: this kind of bending of good policy decision making with 308 00:17:04,560 --> 00:17:08,520 Speaker 3: Wayla probably likely Rex too, Sean. Let's see what happens. 309 00:17:08,560 --> 00:17:11,760 Speaker 3: But in an election period, good policy seems to be 310 00:17:11,840 --> 00:17:15,399 Speaker 3: up for question. Really interesting, Michael, working from home, but 311 00:17:15,560 --> 00:17:16,919 Speaker 3: not a lot happened. 312 00:17:16,520 --> 00:17:20,760 Speaker 2: This week, thank you very much. That would be a landslide, 313 00:17:20,800 --> 00:17:22,679 Speaker 2: I would imagine in terms of the marks. 314 00:17:22,720 --> 00:17:23,640 Speaker 3: Here is a bit of march. 315 00:17:23,680 --> 00:17:28,240 Speaker 2: Shouldn't be shouldn't be? Two points is a huge landslide 316 00:17:28,760 --> 00:17:32,880 Speaker 2: there is. Let's take a break, because I actually want 317 00:17:32,880 --> 00:17:34,440 Speaker 2: to come back. I want to come back happy. 318 00:17:34,560 --> 00:17:37,280 Speaker 1: I've centered myself x. No one could see what was 319 00:17:37,320 --> 00:17:38,840 Speaker 1: going on. You might have been able to get the. 320 00:17:39,520 --> 00:17:41,679 Speaker 2: Come together and the whole I thought, did you. 321 00:17:41,680 --> 00:17:42,800 Speaker 3: Align your chip doing? 322 00:17:43,040 --> 00:17:46,639 Speaker 1: Michael, I've been watching the White Lotus. White Lotus is 323 00:17:46,680 --> 00:17:49,879 Speaker 1: in good season, yeah, and it's a resort in Thailand 324 00:17:49,920 --> 00:17:52,040 Speaker 1: this time, and there's a lot of kind of meditation 325 00:17:52,160 --> 00:17:53,359 Speaker 1: and all of that kind of thing. So I was 326 00:17:53,359 --> 00:17:56,919 Speaker 1: practicing good. Yeah. Anyway, great, shake a break. Let's take 327 00:17:56,960 --> 00:17:59,320 Speaker 1: a quick break, and we'll come back with our mystery category. 328 00:18:05,840 --> 00:18:08,479 Speaker 1: All right, Sean. Normally we would go into our sleeper 329 00:18:08,480 --> 00:18:10,960 Speaker 1: story here, but we did away with the sleeper story 330 00:18:10,960 --> 00:18:14,320 Speaker 1: a couple of weeks ago, just scrunched entirely. Yeah. Yeah, 331 00:18:14,359 --> 00:18:17,040 Speaker 1: I mean it might come back one day, but for now, 332 00:18:17,080 --> 00:18:20,880 Speaker 1: there's a revolving door of various kind of different categories. 333 00:18:20,880 --> 00:18:26,080 Speaker 1: We are most ridiculous last week. This week, Adam, we 334 00:18:26,320 --> 00:18:27,320 Speaker 1: have for you. 335 00:18:28,520 --> 00:18:30,719 Speaker 3: What on the carousel of topics have you chosen? 336 00:18:30,760 --> 00:18:34,280 Speaker 2: Mind? Which has caused me great stress, more stress I've 337 00:18:34,320 --> 00:18:35,879 Speaker 2: ever had previously. 338 00:18:36,320 --> 00:18:39,800 Speaker 1: When I told Sean, I said, guess what we're doing 339 00:18:39,880 --> 00:18:41,480 Speaker 1: for the mystery category. 340 00:18:42,200 --> 00:18:43,040 Speaker 3: Guess what, Sean? 341 00:18:43,600 --> 00:18:46,160 Speaker 1: Take your favorite story from the week, a story from 342 00:18:46,160 --> 00:18:49,560 Speaker 1: the week, and write a business news limory. 343 00:18:50,480 --> 00:18:56,959 Speaker 4: Oh okay, ah, so prepelled to hear some Sean chanelling 344 00:18:57,040 --> 00:18:59,600 Speaker 4: your deepest ancestral roots. 345 00:19:00,520 --> 00:19:03,680 Speaker 2: Yes, yes, so I had to write a limerick about 346 00:19:03,680 --> 00:19:09,240 Speaker 2: a big story without being crude, so I know, very 347 00:19:09,280 --> 00:19:14,280 Speaker 2: difficult without being crud. The story is the a bears 348 00:19:14,600 --> 00:19:17,479 Speaker 2: data out this week about how far things doing pretty well? Right? 349 00:19:17,520 --> 00:19:19,840 Speaker 2: But I don't want to say we can't because in 350 00:19:19,880 --> 00:19:21,919 Speaker 2: a limerick we've got to give the whole. Am I 351 00:19:21,920 --> 00:19:22,600 Speaker 2: going first for you. 352 00:19:22,640 --> 00:19:28,040 Speaker 1: Going first first, and if it doesn't work, I won't 353 00:19:28,080 --> 00:19:28,800 Speaker 1: even do mine. 354 00:19:29,280 --> 00:19:32,680 Speaker 2: I'll go first on the base, brave Michael, that you. 355 00:19:32,760 --> 00:19:36,520 Speaker 1: Have to do it, Okay, all right, fair, that's fair. 356 00:19:36,520 --> 00:19:44,320 Speaker 2: Right, this is quite intimidating. Right In Australia, the crops 357 00:19:44,400 --> 00:19:49,160 Speaker 2: and the meat hit records are remarkable, feat but tariffs 358 00:19:49,160 --> 00:19:52,800 Speaker 2: they fear could sooner to fear. Yet for now their 359 00:19:52,840 --> 00:20:00,119 Speaker 2: success is quite sweet, fantastic. A lot of rewrites in 360 00:20:00,160 --> 00:20:04,720 Speaker 2: that one. Can I do it again? I liked it 361 00:20:04,760 --> 00:20:05,200 Speaker 2: so much. 362 00:20:06,400 --> 00:20:08,000 Speaker 1: Yeah, go and go and give it one more time. 363 00:20:08,080 --> 00:20:13,080 Speaker 2: Go right feeling In Australia, the crops in the meat 364 00:20:13,440 --> 00:20:17,520 Speaker 2: Hit records are remarkable. Feat but tariffs they fear could 365 00:20:17,680 --> 00:20:23,119 Speaker 2: soon inter fear. Yet for now their success is quite sweet. 366 00:20:23,400 --> 00:20:23,840 Speaker 1: It's great. 367 00:20:23,920 --> 00:20:26,280 Speaker 2: Love it, Okay, Michael hit us with yours. 368 00:20:26,520 --> 00:20:29,920 Speaker 1: So I looked at this story about Donald Trump announcing 369 00:20:29,920 --> 00:20:36,000 Speaker 1: a new crypto reserve, right, So it's like a cryptolick. Yeah, 370 00:20:36,359 --> 00:20:41,040 Speaker 1: it's like the equivalent of what Fort Knox is for gold. Right, Okay, 371 00:20:41,600 --> 00:20:49,600 Speaker 1: here we go. Fort Knox is so terribly old. Now 372 00:20:49,600 --> 00:20:53,040 Speaker 1: it's bitcoin and crypto. They'll hold with etheroryum man, it's 373 00:20:53,040 --> 00:20:56,000 Speaker 1: all part of the plan make America great with new gold. 374 00:20:56,600 --> 00:21:00,880 Speaker 2: Oh, excellent, excellent, very good? Did you say, man? 375 00:21:01,000 --> 00:21:01,280 Speaker 1: You go? 376 00:21:01,560 --> 00:21:01,760 Speaker 2: Yeah? 377 00:21:02,000 --> 00:21:03,119 Speaker 1: I couldn't come up with anything else. 378 00:21:03,160 --> 00:21:06,800 Speaker 2: I'm like, man, man, And I was just like once 379 00:21:06,880 --> 00:21:09,919 Speaker 2: more from the beginning, I think, Michael, so groovy. 380 00:21:10,240 --> 00:21:13,040 Speaker 1: All right. Fort Knox is so terribly old. Now it's 381 00:21:13,080 --> 00:21:16,520 Speaker 1: bitcoin and crypto. They'll hold with etheroryum Man. It's all 382 00:21:16,600 --> 00:21:20,600 Speaker 1: part of the plan make America great with new goal that. 383 00:21:20,720 --> 00:21:23,640 Speaker 2: Make it very good great as well. Yeah, well done. 384 00:21:24,000 --> 00:21:26,800 Speaker 4: It was not the trumpet of Patriots, but very good 385 00:21:27,920 --> 00:21:30,080 Speaker 4: even just those two middle the middle lines that with 386 00:21:30,160 --> 00:21:30,800 Speaker 4: the theory of Man. 387 00:21:30,960 --> 00:21:33,320 Speaker 1: It took me half an hour just to do those 388 00:21:33,320 --> 00:21:36,880 Speaker 1: two lines. I did so many different combinations, and I'm like, oh, 389 00:21:36,920 --> 00:21:37,760 Speaker 1: I think I can get. 390 00:21:37,600 --> 00:21:40,200 Speaker 2: Away with Adam. Adam, I know I'm not the judge. 391 00:21:40,680 --> 00:21:43,080 Speaker 2: Can we both get twenty five points? Come on? Yeah, 392 00:21:43,160 --> 00:21:44,000 Speaker 2: come I can. 393 00:21:44,160 --> 00:21:48,720 Speaker 4: So now you're encouraging me to do all played rescinded 394 00:21:48,760 --> 00:21:49,840 Speaker 4: your earlier critique. 395 00:21:50,200 --> 00:21:52,120 Speaker 2: So you bath got twenty five out of twenty five. 396 00:21:52,359 --> 00:21:53,480 Speaker 2: Oh fantastic. 397 00:21:54,800 --> 00:21:56,840 Speaker 3: That was both good. I like that was fun. 398 00:21:57,720 --> 00:21:59,280 Speaker 1: That was good. Now, Adam, can you give you a 399 00:21:59,359 --> 00:22:01,040 Speaker 1: judgment as a limerick to please? Go? 400 00:22:01,960 --> 00:22:02,760 Speaker 3: Okay? 401 00:22:06,119 --> 00:22:08,360 Speaker 1: Just the look on your Facebook when you didn't know 402 00:22:08,400 --> 00:22:11,840 Speaker 1: that we were doing limericks at all. It's just anyway, 403 00:22:12,359 --> 00:22:13,919 Speaker 1: and you can work on that. We'll come here. 404 00:22:14,080 --> 00:22:18,639 Speaker 4: Michael and Shaw, whose limericks had not yet become very worn, 405 00:22:19,680 --> 00:22:23,560 Speaker 4: they gave it a crack and for that I'll come 406 00:22:23,600 --> 00:22:30,240 Speaker 4: back to next week's episode for sure. For sure, and 407 00:22:30,440 --> 00:22:32,240 Speaker 4: warned I'm not sure about rhyming them, but I'll get it, 408 00:22:32,480 --> 00:22:34,159 Speaker 4: you know, off the cuff. 409 00:22:34,280 --> 00:22:36,840 Speaker 1: Yeah, no, it's good, okay, good results. All right, so 410 00:22:36,880 --> 00:22:42,399 Speaker 1: we are now the score is two one, okay, so 411 00:22:42,480 --> 00:22:47,000 Speaker 1: I can still make a comeback here to you can? Yeah, okay, 412 00:22:47,119 --> 00:22:50,240 Speaker 1: I'll go first, favorite story of the week. And I 413 00:22:50,240 --> 00:22:52,560 Speaker 1: think you knew this was coming as my favorite story. 414 00:22:52,720 --> 00:22:55,040 Speaker 1: It's not a plain story, nothing to do with aviation. 415 00:22:55,160 --> 00:22:57,600 Speaker 1: But do you remember how in Monopoly, right when you 416 00:22:57,600 --> 00:23:00,280 Speaker 1: were playing as a kid, you'd get a chance card 417 00:23:00,320 --> 00:23:02,439 Speaker 1: or a community Chess card, and there was a card 418 00:23:02,640 --> 00:23:05,679 Speaker 1: on there that said bank error in your favor, collect 419 00:23:05,680 --> 00:23:09,520 Speaker 1: ten dollars. Do you remember that one? What I think 420 00:23:09,560 --> 00:23:12,439 Speaker 1: that has done? And this was a point made by 421 00:23:12,440 --> 00:23:15,600 Speaker 1: one of our TikTok followers this week, made the point 422 00:23:15,600 --> 00:23:20,359 Speaker 1: that that card set up unreasonable expectations that bank errors 423 00:23:20,400 --> 00:23:22,760 Speaker 1: happened all the time, and that you weld just your 424 00:23:22,960 --> 00:23:25,439 Speaker 1: ear adult life would be littered with bank errors in 425 00:23:25,480 --> 00:23:28,800 Speaker 1: your favor, which just doesn't happen, unless, of course, you 426 00:23:28,840 --> 00:23:33,960 Speaker 1: happen to Banquet City group because they had two errors, 427 00:23:34,160 --> 00:23:36,760 Speaker 1: two sizeable errors, in the space of just one month. 428 00:23:37,160 --> 00:23:39,960 Speaker 1: And I think this story is just extraordinary. You had 429 00:23:40,080 --> 00:23:44,560 Speaker 1: one wherey staffer accidentally copied and pasted the account number 430 00:23:44,920 --> 00:23:47,840 Speaker 1: into the field for the dollar figure, which, let's face it, 431 00:23:47,880 --> 00:23:49,960 Speaker 1: is the kind of mistake that any one of us 432 00:23:50,680 --> 00:23:54,680 Speaker 1: can make, and we do that all the time. However, 433 00:23:54,840 --> 00:23:59,119 Speaker 1: we don't accidentally nearly transfer six billion dollars as a 434 00:23:59,160 --> 00:24:03,080 Speaker 1: result of that, a thousand times more than was intended. 435 00:24:03,480 --> 00:24:06,880 Speaker 1: And that was detected the next business day. So that's 436 00:24:06,960 --> 00:24:10,560 Speaker 1: not bad. But the worst one, the worst one. One 437 00:24:10,600 --> 00:24:15,960 Speaker 1: account was accidentally credited eighty one trillion US dollars, which 438 00:24:16,000 --> 00:24:18,040 Speaker 1: is just I don't know how that even happens in 439 00:24:18,040 --> 00:24:20,920 Speaker 1: the first place. That feels like someone doing it has 440 00:24:20,960 --> 00:24:23,520 Speaker 1: just kind of fallen asleep on the keyboard and fallen 441 00:24:23,520 --> 00:24:27,159 Speaker 1: asleep on the zeros. He just kept on filling and 442 00:24:27,200 --> 00:24:29,639 Speaker 1: so that was picked up ninety minutes later, right, so 443 00:24:29,680 --> 00:24:32,760 Speaker 1: I was picked up relatively quickly, that one a lot 444 00:24:32,800 --> 00:24:35,480 Speaker 1: faster than the other. Era As a result of that, 445 00:24:35,880 --> 00:24:39,080 Speaker 1: there are a lot of processes within the banking transfer 446 00:24:39,160 --> 00:24:42,720 Speaker 1: department that have now been automated. You would be bummed, 447 00:24:42,880 --> 00:24:46,159 Speaker 1: wouldn't you if your job got automated because one of 448 00:24:46,160 --> 00:24:49,199 Speaker 1: your colleagues fell asleep on the keyboard and made this mistake. 449 00:24:49,720 --> 00:24:53,440 Speaker 1: They're like, oh, thanks a lot, Craig. You've just cost us. 450 00:24:53,840 --> 00:24:56,960 Speaker 1: You've cost us all our jobs because you couldn't put 451 00:24:56,960 --> 00:24:59,560 Speaker 1: the right number in the right field. Well done, it's 452 00:24:59,560 --> 00:25:02,120 Speaker 1: my favorite story. And look that was actually relatively quick. 453 00:25:02,320 --> 00:25:03,680 Speaker 1: That was ninety seconds. 454 00:25:04,880 --> 00:25:05,359 Speaker 3: It wasn't that. 455 00:25:05,480 --> 00:25:07,680 Speaker 2: I'm not going to be able to remember it. There's 456 00:25:07,680 --> 00:25:11,440 Speaker 2: a famous case of about two hundred million dollars going 457 00:25:11,480 --> 00:25:13,359 Speaker 2: missing in one of the US banks and I think 458 00:25:13,400 --> 00:25:15,159 Speaker 2: they collected it, talking about two years to collect all 459 00:25:15,200 --> 00:25:17,680 Speaker 2: the money. I shouldn't have worried it. I can't remember 460 00:25:17,720 --> 00:25:19,800 Speaker 2: what Why google that? Would you? Michael Well, I go 461 00:25:20,359 --> 00:25:25,240 Speaker 2: my favorite story, Leave it to remember what it was, Adam. 462 00:25:25,720 --> 00:25:28,720 Speaker 2: I mean, look, that's a fun story. I think my 463 00:25:28,920 --> 00:25:32,080 Speaker 2: story my favorite story. It's showing an incredible trend, or 464 00:25:32,080 --> 00:25:34,640 Speaker 2: it's highlighting a trend we know about. After just two 465 00:25:34,640 --> 00:25:38,600 Speaker 2: months on the market, the BYD plug in hybrid ute 466 00:25:38,760 --> 00:25:45,919 Speaker 2: the shark six cracking name sixth best selling vehicle in Australia. 467 00:25:46,320 --> 00:25:49,800 Speaker 1: In fact, sorry to interrupt, but did you just see 468 00:25:49,840 --> 00:25:53,439 Speaker 1: Adam yawn? I've never seen him yawn during a story before. 469 00:25:53,720 --> 00:25:54,600 Speaker 2: I didn't see it. 470 00:25:55,359 --> 00:25:56,600 Speaker 1: No, it was. 471 00:25:56,840 --> 00:26:00,240 Speaker 3: It was a gasp actually because the shark's sick. I 472 00:26:00,280 --> 00:26:04,080 Speaker 3: was wondering if they made it get to sixth. 473 00:26:03,840 --> 00:26:06,760 Speaker 2: Place, because it's the shark SI. 474 00:26:07,080 --> 00:26:10,879 Speaker 3: Yes, I thought, yes they did. What marketing genius that 475 00:26:10,960 --> 00:26:13,399 Speaker 3: would be. What a result? 476 00:26:13,680 --> 00:26:17,720 Speaker 2: It outsold the perennial TRADEY favorite the iszz dmax. 477 00:26:17,640 --> 00:26:20,800 Speaker 3: Imagine the marketing you could do off it, right, Yes, yep? 478 00:26:20,960 --> 00:26:23,719 Speaker 1: But also I mean it's not very aspirational, is it. 479 00:26:23,760 --> 00:26:25,119 Speaker 1: We're going to name our. 480 00:26:25,000 --> 00:26:27,640 Speaker 3: News Getting to the top ten is amazing. 481 00:26:27,960 --> 00:26:30,600 Speaker 1: No, but with the goal of getting to sixth, wouldn't 482 00:26:30,600 --> 00:26:37,119 Speaker 1: you call it shark one? I don't know if that 483 00:26:37,200 --> 00:26:39,520 Speaker 1: was part of the plan. Name the car after where 484 00:26:39,560 --> 00:26:44,639 Speaker 1: we want to end up in sixth place? Sorry, I 485 00:26:44,640 --> 00:26:46,600 Speaker 1: shouldn't have interrupted. I just I did think it was 486 00:26:46,640 --> 00:26:47,040 Speaker 1: a yawn. 487 00:26:47,800 --> 00:26:49,240 Speaker 2: No, why is it a yawn? 488 00:26:49,840 --> 00:26:52,440 Speaker 1: Well, I don't know. I can't account for Adam's lack 489 00:26:52,480 --> 00:26:53,480 Speaker 1: of interest in your story. 490 00:26:53,520 --> 00:26:56,159 Speaker 3: I don't know any social contortions. 491 00:26:55,560 --> 00:26:58,240 Speaker 2: Right, is that what it was? Anyway, look, came in sixth. 492 00:26:58,480 --> 00:27:03,000 Speaker 2: The other edible fact is that Tesla sales fell seventy 493 00:27:03,160 --> 00:27:07,480 Speaker 2: two percent month to month February and February pretty incredible. 494 00:27:07,560 --> 00:27:09,920 Speaker 2: Did you know, it's down seventy percent of more in Germany, 495 00:27:10,280 --> 00:27:13,600 Speaker 2: it's way off in Denmark, Sweden, Norway. Only in the 496 00:27:13,720 --> 00:27:18,200 Speaker 2: UK have Tesla sales increased. Maybe it's about Elon musk 497 00:27:18,240 --> 00:27:20,520 Speaker 2: relationship with Donald Trump. That's what the Europeans are saying. 498 00:27:20,560 --> 00:27:25,240 Speaker 2: Who knows. In Australia back here, evs now owned or 499 00:27:25,280 --> 00:27:27,359 Speaker 2: the less than six percent of the market. Hybrids are 500 00:27:27,359 --> 00:27:30,320 Speaker 2: sixteen percent of the market. The top selling vehicle the 501 00:27:30,320 --> 00:27:33,600 Speaker 2: Wrap four number two, Ford Ranger Tyer to Highlights, blah 502 00:27:33,640 --> 00:27:37,600 Speaker 2: blah blah. But the fact the Shark six after two 503 00:27:38,080 --> 00:27:44,720 Speaker 2: months somehow manages to be the sixth top selling vehicle 504 00:27:44,920 --> 00:27:45,720 Speaker 2: is that not cool? 505 00:27:45,960 --> 00:27:47,600 Speaker 3: Very cool? Sean. 506 00:27:48,520 --> 00:27:52,840 Speaker 4: Can you touch type like without looking at the keyboard? Yep, Michael, 507 00:27:52,920 --> 00:27:55,959 Speaker 4: can you? Yes, I can only do it very badly. 508 00:27:56,160 --> 00:27:59,040 Speaker 4: What I was wondering, Michael with your story was, you know, 509 00:27:59,080 --> 00:28:01,280 Speaker 4: these people are cutting in pasting numbers in the wrong 510 00:28:01,320 --> 00:28:03,960 Speaker 4: slot if they're attempting to kind of look away, maybe 511 00:28:04,040 --> 00:28:06,960 Speaker 4: working from home, not quite paying attention. But how could 512 00:28:06,960 --> 00:28:09,919 Speaker 4: you paste a number that big, like an account number, 513 00:28:09,960 --> 00:28:11,000 Speaker 4: in the wrong spot. 514 00:28:12,600 --> 00:28:13,560 Speaker 3: It's incredible. 515 00:28:14,200 --> 00:28:16,560 Speaker 1: I love that, Like, there are certain things that you 516 00:28:16,600 --> 00:28:18,560 Speaker 1: do want to look at the keyboard, though, to make 517 00:28:18,600 --> 00:28:21,320 Speaker 1: sure you get it right. That's probably up there as one. 518 00:28:21,400 --> 00:28:22,960 Speaker 3: Wow, that's a mistake. 519 00:28:23,680 --> 00:28:27,639 Speaker 4: Can't be my favorite though, because it's a mistake and 520 00:28:27,640 --> 00:28:30,040 Speaker 4: could have had completely awful consequence. 521 00:28:30,320 --> 00:28:33,919 Speaker 2: Fair point, fair point, Yeah, no, drudful, rudful. 522 00:28:34,480 --> 00:28:36,840 Speaker 1: Well can I tell you about that? Maybe this was 523 00:28:36,840 --> 00:28:39,719 Speaker 1: the story that you were talking about, Sean, the bank 524 00:28:39,760 --> 00:28:43,760 Speaker 1: that had mistakenly paid about five hundred million dollars. So 525 00:28:43,840 --> 00:28:50,360 Speaker 1: this particular bank was acting for Revlon the company and 526 00:28:50,560 --> 00:28:53,560 Speaker 1: had accidentally used its own money in August twenty twenty 527 00:28:53,560 --> 00:28:56,200 Speaker 1: to prematurely pay off an eight hundred and ninety four 528 00:28:56,240 --> 00:28:59,960 Speaker 1: million dollar loan that was owed by the then Bang 529 00:29:00,000 --> 00:29:03,640 Speaker 1: Corupt Cosmetics company. They paid it by mistake, paid out 530 00:29:03,720 --> 00:29:06,560 Speaker 1: nine hundred million dollars this particular person at this particular bank, 531 00:29:06,920 --> 00:29:09,400 Speaker 1: and some of the recipients kind of returned the payouts 532 00:29:09,560 --> 00:29:11,680 Speaker 1: because the bank said, hey, we've made a mistake, and 533 00:29:11,720 --> 00:29:13,480 Speaker 1: they've all returned it. Some didn't, and there was a 534 00:29:13,480 --> 00:29:15,920 Speaker 1: big cut of hoho ha about it. Guess which bank 535 00:29:16,000 --> 00:29:17,800 Speaker 1: that was? City Group? 536 00:29:18,240 --> 00:29:19,080 Speaker 2: Was it really. 537 00:29:20,520 --> 00:29:20,600 Speaker 3: Not? 538 00:29:20,720 --> 00:29:27,120 Speaker 1: Again? Golly what a cracker? 539 00:29:27,240 --> 00:29:28,480 Speaker 3: Huh go team? 540 00:29:28,680 --> 00:29:31,240 Speaker 1: Does that help me? Adam? No? 541 00:29:31,760 --> 00:29:33,120 Speaker 3: No, look that story. 542 00:29:33,160 --> 00:29:35,000 Speaker 4: I think it help was the listeners, but not your score. 543 00:29:35,480 --> 00:29:39,840 Speaker 4: So Michael three to Sean, Sean might have got a record. 544 00:29:40,280 --> 00:29:42,480 Speaker 4: I had to give you both equal maximum points for 545 00:29:42,520 --> 00:29:47,000 Speaker 4: the limerick because that was really enjoyable. Ninety seven to Sean, 546 00:29:47,800 --> 00:29:48,640 Speaker 4: ninety who. 547 00:29:50,200 --> 00:29:53,600 Speaker 3: To Michael, well ninety. 548 00:29:53,280 --> 00:29:56,320 Speaker 1: Two and any other week would be a great score. 549 00:29:57,240 --> 00:29:59,480 Speaker 2: The mystery, just the limericks. 550 00:30:00,120 --> 00:30:02,960 Speaker 1: That's okay, good result. I mean News is the winner. 551 00:30:03,400 --> 00:30:04,200 Speaker 2: News is the winner. 552 00:30:04,280 --> 00:30:07,120 Speaker 1: That's right, okay, well done, Sean. 553 00:30:07,600 --> 00:30:09,480 Speaker 2: Thank you Michael, and thank. 554 00:30:09,320 --> 00:30:11,360 Speaker 3: You Adam, Thank you Michael, Thank you Sean. 555 00:30:11,600 --> 00:30:14,000 Speaker 1: Make sure you're following the podcast, and please join us 556 00:30:14,000 --> 00:30:17,840 Speaker 1: online on LinkedIn, Instagram, TikTok, Facebook and x We got 557 00:30:17,840 --> 00:30:20,640 Speaker 1: plenty of good stuff on those platforms. Now, I'm Michael Thompson, 558 00:30:20,760 --> 00:30:22,920 Speaker 1: and that was fear and greed. Have a great weekend.