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Speaker 1: This is the weekend edition of Fear and Greed, daily

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Speaker 1: business news for people who make their own decisions.

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Speaker 2: Are Michael Thompson and good morning, Sean.

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Speaker 3: Aylmer, Good morning, Michael.

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Speaker 1: Sew On our weekend show all about the two of us,

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Speaker 1: each nominating what we think is the biggest business story

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Speaker 1: of the week, the most remarkable business story. We try

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Speaker 1: and pick out a sleeper story, one that's flying under

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Speaker 1: the radar a little bit, and then our favorite business stories.

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Speaker 1: And since it's a competition, we are joined each week

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Speaker 1: by a judge to pick a winner that judges our

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Speaker 1: Fear and Greed colleague Adam Lang Adam, good morning.

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Speaker 4: Good morning Michael, and good morning Sean.

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Speaker 3: Morning Adam.

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Speaker 2: I think after a few rough weeks there, you've come

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Speaker 2: to the fourth the past couple of weeks, your judging

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Speaker 2: has improved enormously.

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Speaker 3: I just want to let you know that all feedback welcome.

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Speaker 3: M Well, let's see I go today.

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Speaker 1: What are the criteria that you're looking for, Adam? As

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Speaker 1: we go through those four categories that I've outlined, Yes,

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Speaker 1: what are you judging us on?

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Speaker 4: All right? Me and the audience, I think are looking

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Speaker 4: for topicality, timeliness, economic impact, subjective bias obviously of each

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Speaker 4: of us, and melodrama. So swimsuit component there is none yet,

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Speaker 4: I'm open to suggestion.

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Speaker 3: A swimsuit component.

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Speaker 1: Yeah, it's just like Miss Universe or any one of

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Speaker 1: those kind of pageants.

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Speaker 4: Okay, this is an audio mechanism, but yes, don't let

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Speaker 4: that stand in the way.

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Speaker 1: Suddenly, when it's just the three of us in the

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Speaker 1: studio and two of us are in our budgies, it

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Speaker 1: just gets a little bit uncomfortable. And Adams, they're having

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Speaker 1: to judge us. What exactly are you judging on? Adam?

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Speaker 3: This has gone pear shaped very very quickly this morning.

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Speaker 1: Let's let's go straight into the biggest story then, shall

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Speaker 1: we sean?

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Speaker 3: What was it for you?

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Speaker 2: Well, it's not that often that an international story is

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Speaker 2: the biggest of the week, but just occasionally it is,

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Speaker 2: and this is one of those weeks. The US political

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Speaker 2: and legal system is easily the biggest story of the week.

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Speaker 3: Part one.

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Speaker 2: What's happening to the candidacy of President Joe Biden? After

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Speaker 2: last week's disastrous debate with Challenger Donald Trump. His performance

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Speaker 2: was so poor there's now a growing line of Democrats

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Speaker 2: from federal politicians to state governors hinting or outright saying

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Speaker 2: he shouldn't run. The polls are heading in the wrong

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Speaker 2: direction for mister Biden, with his age being the biggest challenge.

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Speaker 2: Media reports, which have been denied, suggests the President himself

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Speaker 2: actually considered the idea of not running. Part two of

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Speaker 2: this story. The US Supreme Court ruled the presidents and

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Speaker 2: ex presidents cannot be charged for things they do as

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Speaker 2: part of their core duties. The six' to three decision

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Speaker 2: was made along ideological, lines with the minority liberal judges

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Speaker 2: releasing an absolutely ferocious alternate. Judgment the decision says presidents

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Speaker 2: or ex presidents are AND i quote entitled to at

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Speaker 2: least presumptive immunity from prosecution for all his official acts

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Speaker 2: and QUOTE i like the fact that it's a male there,

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Speaker 2: too those say his official. Acts the minority decision says

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Speaker 2: the ruling makes a mockery of the principle that no

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Speaker 2: man is above the. Law trump quickly took to social, media,

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Speaker 2: saying in capital, letters of, course big win for our

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Speaker 2: constitution and.

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Speaker 3: Democracy proud to be An american.

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Speaker 2: President Joe biden said the decision is an abandonment of

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Speaker 2: a core principle Of american democracy and will Allow Donald

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Speaker 2: trump self defining power if he's elected In. November he,

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Speaker 2: Said Donald trump will now be free to ignore the.

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Speaker 2: Law The Supreme court, decision along With Joe biden's ailing,

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Speaker 2: fortunes have somewhat Rallied democrats who fear A Donald trump.

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Speaker 2: Presidency now it isn't totally clear If Joe biden will

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Speaker 2: run this. YEAR i mean IT'S i think it's very

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Speaker 2: likely he. Will it is definitely clear that under The

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Speaker 2: Supreme court, ruling The president of THE, usa whoever that person,

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Speaker 2: is is incredibly powerful and when undertaking official, acts is

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Speaker 2: pretty to being immune from the. Law this week has

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Speaker 2: massive ramifications, political, geopolitical, economic, social legal around the world

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Speaker 2: for decades to, come not just in THE us but

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Speaker 2: around the.

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Speaker 3: World much bigger Than ray. V.

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Speaker 2: Wade i'd just like to throw them in there For,

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Speaker 2: adam much, bigger huge week IN us. Politics, michael did

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Speaker 2: you see all the reports that were coming. OUT i

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Speaker 2: mean they've been coming out the whole.

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Speaker 1: Time then a lot of kind of sources close To

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Speaker 1: Joe biden talking about kind of the limits on what

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Speaker 1: he is physically capable of, doing and the fact that

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Speaker 1: they said that he's only really able to function effectively

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Speaker 1: between ten am and four, pm and that if he

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Speaker 1: attends official kind of things or, fundraisers. Etc outside of those,

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Speaker 1: hours you are much much more likely to get these gaffes.

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Speaker 2: And things coming.

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Speaker 1: Up so, yeah and then apparently he told a room

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Speaker 1: full of governors that he just needs you get more,

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Speaker 1: sleep and then he can't do these he can't do

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Speaker 1: functions after eight o'clock at, night and.

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Speaker 2: All this and just all of these kind of.

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Speaker 1: Things it, Does it just keeps kind of adding to

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Speaker 1: that momentum against.

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Speaker 2: Him so, anyway it is a big. Story, sure biggest.

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Speaker 2: STORY i Think michael is the, way and you've added to.

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Speaker 1: It it's a big SO i added to. It so, if, Hey,

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Speaker 1: adam if he does, win we now share the.

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Speaker 3: Points don't. Concede i'm not.

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Speaker 1: Conceding i'm JUST i am hedging my. Bets it's called.

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Speaker 1: Insurance If sean, WINS i get half the. Points IF i,

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Speaker 1: win he gets. NONE i have a goal this. Week

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Speaker 1: i've got a bit of a, goal a change of.

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Speaker 1: Strategy i'm going to win with short stories this. Week

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Speaker 1: victory through brevity is my new slogan or In, Latin

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Speaker 1: victoria perb brever, tartum.

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Speaker 4: Breve brever.

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Speaker 3: Tartum it's that like a ham and cheese. Toasty it

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Speaker 3: does sound.

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Speaker 2: Like, that doesn't.

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Speaker 1: It and, already already it feels as though you were

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Speaker 1: robbing me by ability to kind of stick to my

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Speaker 1: new slogan. Brevertart So sean can waffle on all he

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Speaker 1: wants about stories happening on the other side of the

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Speaker 1: world with very limited impact on, us WHEREAS i can

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Speaker 1: tell you that the big story this week that actually

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Speaker 1: has a material impact on you and me and the

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Speaker 1: Everyday rick And connie in the street Is.

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Speaker 3: Wonnie, yeah does it Get rick And? Connie what's wrong

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Speaker 3: With bill And? Jane?

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Speaker 1: No, WELL i mean Every connie deserves her, day as

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Speaker 1: Does rick.

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Speaker 2: EXACTLY i just Thought i'd change it up with a silent.

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Speaker 3: Peece don't.

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Speaker 2: You don't you ever just say the first thing that

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Speaker 2: comes into your head sometimes.

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Speaker 4: Clearly not.

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Speaker 1: Yes was it brever Tart, Yes victoria Per brevetartam kind

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Speaker 1: of lost my trainer thought that, anyway what is actually

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Speaker 1: Affecting rick And connie And steve And Billy joe in

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Speaker 1: the street is what's happened With house prices over the last,

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Speaker 1: year because it was of course the start of the

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Speaker 1: new financial. Year time for reflection over what was a

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Speaker 1: truly extraordinary year in The australian property market and is

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Speaker 1: likely to be an extraordinary year. AHEAD a couple of

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Speaker 1: the stats for, You, ADAM i know that you love.

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Speaker 1: Stats i'm not going to go into too much detail Because, victoria.

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Speaker 2: Perp brevertas and all that kind of. Thing, Yes perth

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Speaker 2: house prices up nearly twenty four percent in one, year

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Speaker 2: twenty four. Percent you ask any of Our perth listeners

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Speaker 2: what they care about More Donald trump or a twenty

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Speaker 2: four percent increase in house, prices AND i can assure

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Speaker 2: you it is not The. Don brisbane up sixteen, Percent

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Speaker 2: adelaide fifteen, Percent sydney six, percent dalw And cambra two,

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Speaker 2: percent well one point three. Percent, these these core logic

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Speaker 2: figures are hugely. Significant they matter big time because even

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Speaker 2: though interest rates throughout their highest level in, years property

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Speaker 2: just keeps on. Going and And, adam do you ever

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Speaker 2: think that like the Faster michael, talks the louder he,

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Speaker 2: talks the less value there is in the.

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Speaker 3: Story, well this is a very high.

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Speaker 4: Risk i'm also wondering about the breve tartum.

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Speaker 3: Bit, Yeah i'm nearly. Done if you stopped.

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Speaker 1: Interrupting you would allow my brevetartum to, prevail brevitate.

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Speaker 3: Prevail, yes.

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Speaker 1: Exactly good news for renters as, well with The domain

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Speaker 1: quarterly rent report this week showing the lowest growth in

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Speaker 1: house rents for three or four years for many capital, cities.

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Speaker 3: That is spectacularly.

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Speaker 1: Good news in the midst of a rental, crisis and

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Speaker 1: the forecast for the rest of the year easing pressure

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Speaker 1: because we're past the peak of the immigration, boom reducing

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Speaker 1: demand for. Properties it has been a monster week for

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Speaker 1: property in this, country for house prices and for. Rents

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Speaker 1: this is the story of the, people from the men

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Speaker 1: of the. People that's it. Done all in about twenty.

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Speaker 1: Seconds you added on about three and a half minutes

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Speaker 1: because of your.

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Speaker 4: Interruption, okay it's a lovely experiment in. Brevetartum might need

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Speaker 4: a little, work a little more, Work.

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Speaker 3: Sean wins M, Michael dad looked like. That you knew

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Speaker 3: you had no. Chance that's why you're carrying on so.

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Speaker 3: Much that's WHY i get half your. Points i'm not.

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Speaker 2: Worried this is a fabulous victory FOR, Us, sean.

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Speaker 4: So house process is hugely. Important it's more of an evolving.

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Speaker 4: Story this isn't shocking change in the trajectory that we.

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Speaker 4: Know so there's so much week that needs to be

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Speaker 4: done and it's vitally, important as you, Say, michael this week,

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Speaker 4: THOUGH i have to say that the political and legal

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Speaker 4: stories out of THE, us it's just extraordinary and it

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Speaker 4: is definitely the biggest story of the. Week so well, Done.

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Speaker 3: SHAWN i think that all my badgering About ray.

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Speaker 2: V wade over the last couple of years has come,

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Speaker 2: Finally finally patience.

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Speaker 3: Evidends, yeah but it won't wipe it out.

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Speaker 1: Though well the context for new, listeners of. Course so

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Speaker 1: this is That sean nominated the overturning Of wide as

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Speaker 1: the biggest, story the most remarkable story when it, happened

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Speaker 1: And adam ruled against it and says like house prices

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Speaker 1: or something was the biggest story of the.

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Speaker 4: Week, well it was a draft, judgment it wasn't the real.

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Speaker 3: ONE i, look, YEAH i just don't think i'd try

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Speaker 3: and justify that.

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Speaker 1: DEBARKLE i just love how Long sean can hold on to.

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Speaker 3: Something not, really there's plenty of life in this.

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Speaker 2: One most remarkable, Story, MICHAEL i think you should go. First, okay,

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Speaker 2: well most remarkable story for me is a quick one this.

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Speaker 3: Week really it Is Victoria.

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Speaker 1: Purprevitartan the most remarkable story in a week full of

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Speaker 1: somewhat unremarkable stories on a was the Remarkable you, know

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Speaker 1: it's just it's been one of those weeks right where

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Speaker 1: you get a story LIKE us, politics and it does

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Speaker 1: tend to kind of suck the oxygen out of a

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Speaker 1: lot of other, stuff like everyone suddenly talking about that and,

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Speaker 1: really but then you know, what then this was a.

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Speaker 2: Gift it was a little gift in the.

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Speaker 3: Form a change in, direction a little.

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Speaker 1: Gift in the form of The Reserve Bank board minutes.

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Speaker 1: Right and what was remarkable it was wait for. This

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Speaker 1: what was remarkable was the remarkable insight that we received

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Speaker 1: into what The Reserve Bank board is thinking right now

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Speaker 1: and just how likely it is that we will see

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Speaker 1: potentially an interest rate hike as soon As, august because

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Speaker 1: these minutes showed and it was quite a, shock i

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Speaker 1: think for many to see just how serious they are

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Speaker 1: about hiking rates if. Needed and one quote in particular stood,

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Speaker 1: out and of, Course, sean you shared this through the,

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Speaker 1: week AND i wrote it down AND i THOUGHT i

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Speaker 1: should put this on my wall because it is that.

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Speaker 1: Profound the quote was members acknowledged if inflation expectations were

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Speaker 1: to rise materially from current, levels it could require significantly

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Speaker 1: higher interest rates to bring inflation back to. Target does

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Speaker 1: this sound to you like a group of people who

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Speaker 1: are not serious about raising? Rates it most certainly does.

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Speaker 1: Not what we have here is a central bank very

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Speaker 1: very concerned about embedding higher price, expectations and anyone wanting

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00:12:19,600 --> 00:12:22,520
Speaker 1: to know how this, works how inflation expectations can create

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Speaker 1: that spiral of higher wages and higher. Prices to listen

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Speaker 1: to our bonus episode Of Ask fear And greed From

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Speaker 1: thursday And shawing you do a very good job of

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Speaker 1: going through all of that and explaining all of. That

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00:12:31,400 --> 00:12:34,160
Speaker 1: the bottom, line, though is that the RBA's forecast for

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Speaker 1: inflation to return to the midpoint to the target band

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Speaker 1: by mid twenty twenty six is at.

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Speaker 3: Risk the inflation.

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Speaker 2: Numbers this, month of, course of, course will be absolutely

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Speaker 2: vital to. This but isn't it just? Remarkable And i'm

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00:12:46,200 --> 00:12:49,400
Speaker 2: looking around the studio everyone is nodding in agreement here

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00:12:49,720 --> 00:12:54,520
Speaker 2: that The Reserve bank is absolutely primed to. Act they

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00:12:54,960 --> 00:12:59,360
Speaker 2: are at Def con three right, now and those minutes

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00:12:59,400 --> 00:13:03,000
Speaker 2: this week just how serious they are about the potential

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Speaker 2: to increase rates should the need.

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Speaker 3: Arise there you.

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Speaker 2: Go so it reminds me a story of a story

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Speaker 2: which my, mother when she was listening to the, show

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Speaker 2: this is probably six months, ago rang me and, said

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00:13:18,040 --> 00:13:22,400
Speaker 2: your voice sounds. Terrible and mum's ninety three or almost ninety,

255
00:13:22,400 --> 00:13:26,920
Speaker 2: three and technology sometimes sort of beats. Her, anyway my

256
00:13:27,000 --> 00:13:29,720
Speaker 2: sister happened to be there and said To, mum you

257
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Speaker 2: know that you're listening at double speed two?

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Speaker 3: Times and, oh, No, DARLING i didn't know.

259
00:13:35,679 --> 00:13:39,679
Speaker 2: That she then apologized and, said, oh your voice sounded

260
00:13:39,720 --> 00:13:41,880
Speaker 2: quite nice when you're a normal speed when you were

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00:13:41,920 --> 00:13:45,080
Speaker 2: doing that story, Then, michael it kind of reminded me

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Speaker 2: of what double speed is.

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Speaker 3: Like but you weren't at double. Speed you're at single. Speed.

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Speaker 2: Now i'm at passion. Speed, Sean, HELLO i don't bring.

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Speaker 3: That up with my. Mother come on single speed, please goodness.

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Speaker 2: Me it is a, ferocious efficient speed, Now.

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Speaker 3: Sean my most remarkable, Story i'm not sure what. Yours.

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Speaker 2: See yours is The Reserve Bank board minutes that, yes

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00:14:10,080 --> 00:14:15,720
Speaker 2: what happens absolutely ah. Well my most remarkable story which

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00:14:15,720 --> 00:14:19,600
Speaker 2: emerged this week is how much the big banks dominate

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00:14:19,760 --> 00:14:23,640
Speaker 2: THE asex two hundred and what that means for. Investors

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00:14:24,080 --> 00:14:27,440
Speaker 2: and they're getting even bigger with the treasure Of Jim

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00:14:27,520 --> 00:14:30,600
Speaker 2: chalmers agreeing to LET a AND z By Sun corps banking.

274
00:14:30,840 --> 00:14:34,160
Speaker 2: Business at the end of the financial, year a year

275
00:14:34,200 --> 00:14:36,280
Speaker 2: where the market returned eight, percent led by the tech

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00:14:36,280 --> 00:14:39,000
Speaker 2: stocks and The Medians Superannuation Growth fund is forecast to

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00:14:39,040 --> 00:14:42,160
Speaker 2: return nine. Percent my third story in this one story so,

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00:14:42,240 --> 00:14:47,280
Speaker 2: far The Financials index on The moors now represents thirty

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00:14:47,280 --> 00:14:49,680
Speaker 2: one and a half percent of the title market. Capitalization

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00:14:50,360 --> 00:14:54,480
Speaker 2: it creates a massive challenge for anyone investing in THE

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Speaker 2: asx two hundred because it's now overly reliant on financials

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Speaker 2: and most of the financials index he made up of

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Speaker 2: the big four. Banks if the banks have a bad,

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Speaker 2: year and many think they will because of current relatively high,

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00:15:06,520 --> 00:15:11,080
Speaker 2: valuations then the market will struggle to outperform compare. It

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00:15:11,200 --> 00:15:13,480
Speaker 2: so the next biggest sector is, materials which includes the

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00:15:13,480 --> 00:15:18,160
Speaker 2: big three. Miners it's got about twenty one, percent much

288
00:15:18,200 --> 00:15:20,920
Speaker 2: more diverse bunch of. Companies they don't rely just on

289
00:15:21,000 --> 00:15:24,160
Speaker 2: the big three, miners like the Financial index relies on

290
00:15:24,200 --> 00:15:26,520
Speaker 2: the big three. Banks tech, sector we talk about that

291
00:15:26,600 --> 00:15:29,680
Speaker 2: best performing sector last financial, year only accounts for three

292
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Speaker 2: point one percent of THE asex two. Hundred the point,

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Speaker 2: is if you're a passive investor in THE asex two,

294
00:15:34,960 --> 00:15:38,600
Speaker 2: hundred your fortunes are going to be tied in part

295
00:15:39,040 --> 00:15:41,680
Speaker 2: to the big four. Banks if you're an active, investor

296
00:15:42,360 --> 00:15:44,960
Speaker 2: you need to be more wary than ever before of

297
00:15:45,400 --> 00:15:47,960
Speaker 2: not holding the, banks or of holding too many of the,

298
00:15:47,960 --> 00:15:50,240
Speaker 2: banks because again your fortunes are very much tied to

299
00:15:50,280 --> 00:15:52,880
Speaker 2: the fact that we have these monsters in the.

300
00:15:52,920 --> 00:15:55,880
Speaker 3: Market there is a recent president for.

301
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Speaker 2: This in the last few YEARS us tech stocks And Wall,

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Speaker 2: street the big Seven microsoft And, Vidia, Tesla, Amazon, Apple,

303
00:16:02,760 --> 00:16:06,720
Speaker 2: meta And google have contributed well over half the performance

304
00:16:06,720 --> 00:16:08,120
Speaker 2: of THE s AND p five. Hundred so if you

305
00:16:08,120 --> 00:16:11,360
Speaker 2: didn't hold tech stocks Like, nvidia which reminds me this

306
00:16:11,440 --> 00:16:14,240
Speaker 2: is story number, seven which reminds me That australians super

307
00:16:14,320 --> 00:16:16,880
Speaker 2: underperformed last financial year because it didn't at least for

308
00:16:16,880 --> 00:16:20,520
Speaker 2: a while when you were hold End, video therefore struggling

309
00:16:20,520 --> 00:16:22,160
Speaker 2: to beat the. Market the fact that if you didn't

310
00:16:22,160 --> 00:16:24,080
Speaker 2: hold tech stocks last, year you didn't beat the market

311
00:16:24,160 --> 00:16:28,840
Speaker 2: in THE. Us similar sort of deal In, australia very

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00:16:28,920 --> 00:16:29,520
Speaker 2: very tricky for.

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00:16:29,600 --> 00:16:31,280
Speaker 3: Investors do you get a sense.

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00:16:31,120 --> 00:16:34,520
Speaker 1: Of deja vu at, All, Adam it's like it. Doesn't

315
00:16:34,520 --> 00:16:37,880
Speaker 1: it just feel to you like a very similar story

316
00:16:37,960 --> 00:16:40,840
Speaker 1: might have been the most remarkable story on just pulling

317
00:16:40,840 --> 00:16:44,040
Speaker 1: a random Date, saturday the eighth Of, june as, well

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00:16:44,240 --> 00:16:47,080
Speaker 1: not having just gone back and checked the. Record, look

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00:16:47,120 --> 00:16:49,680
Speaker 1: you know, What, sean IF i didn't know, BETTER i

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00:16:49,720 --> 00:16:51,480
Speaker 1: would accuse you of a bit of copying and.

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00:16:51,480 --> 00:16:54,440
Speaker 2: PASTING i got the material sector in, There i've got

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00:16:54,440 --> 00:16:57,240
Speaker 2: the tech stocks in, There i've got the superinnuation, returns

323
00:16:57,240 --> 00:17:00,520
Speaker 2: AND i got every possible Thing july one into that

324
00:17:00,560 --> 00:17:03,840
Speaker 2: story except for house, prices which you lost. On it's

325
00:17:03,880 --> 00:17:05,680
Speaker 2: actually diversified your portfolio.

326
00:17:05,800 --> 00:17:07,480
Speaker 3: Didn't that's, right extremely.

327
00:17:07,560 --> 00:17:14,120
Speaker 4: Sensible So sean's analysis is really good and, important and

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00:17:14,440 --> 00:17:17,880
Speaker 4: SO i enjoyed the. Newsletter i've enjoyed listening to. It

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00:17:18,320 --> 00:17:22,280
Speaker 4: and it is staggering that banks dominate so, much nearly

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00:17:22,320 --> 00:17:26,160
Speaker 4: a third of the whole asx two, hundred that's. Amazing

331
00:17:26,680 --> 00:17:29,359
Speaker 4: and it is as you've, Described, sean risk it is

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00:17:29,400 --> 00:17:32,240
Speaker 4: an evolving. Story And. Michael the minutes came. Out the

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00:17:32,280 --> 00:17:34,840
Speaker 4: meetings happened a little while, Ago so this tour is

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00:17:34,880 --> 00:17:35,520
Speaker 4: an evolving.

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00:17:35,640 --> 00:17:37,800
Speaker 3: STORY i think we're both going to get done. Here,

336
00:17:37,840 --> 00:17:39,399
Speaker 3: michael it feels like he's.

337
00:17:39,240 --> 00:17:39,879
Speaker 2: Going to kick us.

338
00:17:39,880 --> 00:17:43,720
Speaker 1: Out, yeah Like i've found two new people to do the.

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00:17:43,760 --> 00:17:48,280
Speaker 3: Show so but look, that.

340
00:17:48,400 --> 00:17:54,679
Speaker 4: The as you, Said, michael the significantly higher rates risk is.

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00:17:54,840 --> 00:17:58,840
Speaker 4: Significant SO i THINK i have to call it a

342
00:17:58,960 --> 00:18:04,199
Speaker 4: draw on this. One both remarkable evolutions of. Stories but

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00:18:04,240 --> 00:18:06,600
Speaker 4: CAN i give you a quick. ANECDOTE i got distracted

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00:18:06,600 --> 00:18:08,680
Speaker 4: When michael used the deaf con, system and So i'm

345
00:18:08,680 --> 00:18:10,840
Speaker 4: going to reveal a little bit of my working past.

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00:18:10,920 --> 00:18:16,840
Speaker 4: Here is? That? Okay? Yes SO, todayfm fifteen years, Ago

347
00:18:17,080 --> 00:18:22,000
Speaker 4: carl San Lanz jackie over on The Breakfast, show AND

348
00:18:22,200 --> 00:18:24,760
Speaker 4: i worked with a. COLLEAGUE i won't name him BECAUSE

349
00:18:24,760 --> 00:18:28,800
Speaker 4: i haven't saw, permission but they described the situation as,

350
00:18:28,840 --> 00:18:33,280
Speaker 4: This When kyle And JACKIE o come on, air it's

351
00:18:33,359 --> 00:18:36,479
Speaker 4: like the def con system is in. Place, Adam this

352
00:18:36,560 --> 00:18:39,679
Speaker 4: person said to, me so before you, know the midnight

353
00:18:39,720 --> 00:18:42,320
Speaker 4: to dawn, shift you've got normal readiness Def con. Five

354
00:18:43,080 --> 00:18:46,640
Speaker 4: the moment you get close to five, o'clock deaf gone

355
00:18:46,680 --> 00:18:49,360
Speaker 4: four you've got to be above normal. Readiness and then

356
00:18:49,480 --> 00:18:51,919
Speaker 4: when it gets, close like to five point forty, five you,

357
00:18:51,960 --> 00:18:53,919
Speaker 4: Know kyle's going to come in AND jackieo is going

358
00:18:53,960 --> 00:18:55,760
Speaker 4: to come in and they're going to get. Ready that's.

359
00:18:55,840 --> 00:18:58,879
Speaker 4: Three you've got to have your air force. Ready and

360
00:18:58,920 --> 00:19:02,160
Speaker 4: then when they go, on you are immediately a deaf con.

361
00:19:02,200 --> 00:19:05,400
Speaker 4: Too you've got to have everything, ready and the equivalent

362
00:19:05,480 --> 00:19:08,280
Speaker 4: is having the armed forces ready to deploy in less

363
00:19:08,320 --> 00:19:11,800
Speaker 4: than six. Hours oh my. God so it's just that

364
00:19:12,040 --> 00:19:14,520
Speaker 4: Deaf con. Story when you mentioned def was, like oh my,

365
00:19:14,520 --> 00:19:17,159
Speaker 4: god it takes me back to that high state of

366
00:19:17,200 --> 00:19:17,960
Speaker 4: alert we had to.

367
00:19:18,080 --> 00:19:23,399
Speaker 2: Have extraordinary must have been very difficult to work with

368
00:19:23,480 --> 00:19:25,760
Speaker 2: people like, that And i'm not talking them as, individuals

369
00:19:25,960 --> 00:19:28,359
Speaker 2: but just always on edge that something's going to go

370
00:19:28,440 --> 00:19:31,120
Speaker 2: to where you shouldn't go to Where, well live.

371
00:19:31,040 --> 00:19:35,040
Speaker 4: Radio is always like, that but when you have personalities

372
00:19:35,119 --> 00:19:38,479
Speaker 4: Like kyle And jackio and their content was so, sharp you,

373
00:19:38,520 --> 00:19:42,040
Speaker 4: know in many cases it caused very divided. Opinions so

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00:19:42,119 --> 00:19:44,200
Speaker 4: that state of alert was just so.

375
00:19:44,320 --> 00:19:47,680
Speaker 3: High. Fascinating victoria Perb.

376
00:19:47,720 --> 00:19:52,520
Speaker 1: Brevitatum i'd almost award the most remarkable story To.

377
00:19:52,720 --> 00:19:53,120
Speaker 3: Adam.

378
00:19:53,320 --> 00:19:55,719
Speaker 2: YEAH o thought that was more interesting than either of.

379
00:19:55,720 --> 00:19:57,200
Speaker 3: Ours one zero.

380
00:19:57,520 --> 00:20:00,879
Speaker 2: One i've actually been beaten by the judge at the.

381
00:20:00,920 --> 00:20:04,760
Speaker 2: Moment you've been. Beaten you've been beaten by. Atic you'll

382
00:20:04,800 --> 00:20:05,399
Speaker 2: be beaten by the.

383
00:20:05,480 --> 00:20:09,159
Speaker 1: Judge goodness to, me hold out hope for the swimsuit.

384
00:20:09,200 --> 00:20:11,640
Speaker 1: Category all, right we will take a, break come back

385
00:20:11,640 --> 00:20:20,280
Speaker 1: with a sleeper story in a. Moment all, Right, sean

386
00:20:20,320 --> 00:20:22,520
Speaker 1: we're looking for a sleeper, story as sleeper, stories of,

387
00:20:22,600 --> 00:20:25,360
Speaker 1: course one that's not getting the attention that it, deserves.

388
00:20:24,960 --> 00:20:25,800
Speaker 3: That we feel it.

389
00:20:25,840 --> 00:20:29,000
Speaker 2: Deserves that's quite, subjective flying under the radar a little,

390
00:20:29,000 --> 00:20:33,000
Speaker 2: bit usually kind of involving kind of probably small companies

391
00:20:33,040 --> 00:20:34,880
Speaker 2: that no one's really heard, of that don't make much

392
00:20:34,920 --> 00:20:38,720
Speaker 2: impact globally or anything like, that talking about nothing to

393
00:20:38,760 --> 00:20:39,080
Speaker 2: do with it.

394
00:20:39,119 --> 00:20:41,639
Speaker 3: Whatsoever what's? Yours what's your sleeper?

395
00:20:41,640 --> 00:20:48,399
Speaker 2: Story so there were reports this week that two separate,

396
00:20:48,440 --> 00:20:52,879
Speaker 2: Companies saudi's A remco And Abu Dhabi National Oil, co

397
00:20:53,720 --> 00:20:57,520
Speaker 2: are considering bidding For, santos the local oil and gas.

398
00:20:57,560 --> 00:21:00,920
Speaker 2: Giant now they're both stayed owned To remco AND Adnoc

399
00:21:01,119 --> 00:21:04,119
Speaker 2: Abu Dhabi National Oil cos note as, adnock So arenko AND.

400
00:21:04,160 --> 00:21:08,040
Speaker 2: Adnoc they've been conducting preliminary evaluations Of santos as a

401
00:21:08,080 --> 00:21:11,880
Speaker 2: possible acquisition. Target according To, bloomberg that's not the sleeper part, here.

402
00:21:11,960 --> 00:21:15,280
Speaker 2: Right santos basically came out said doesn't comment on market.

403
00:21:15,320 --> 00:21:19,280
Speaker 2: Speculation obviously not particularly close to a deal or anything like,

404
00:21:19,320 --> 00:21:22,359
Speaker 2: that the new surprise sum, analysts because the deal would

405
00:21:22,359 --> 00:21:25,480
Speaker 2: have to go through all sorts of regulatory, hurdles Particularly

406
00:21:25,720 --> 00:21:28,960
Speaker 2: Foreign Investment Review board. Hurdles whether we want people from

407
00:21:28,960 --> 00:21:33,600
Speaker 2: The Middle east owning our, assets who knows? Where it

408
00:21:33,680 --> 00:21:36,720
Speaker 2: is really interesting, though and this is the sleeper, part is.

409
00:21:36,720 --> 00:21:40,320
Speaker 2: It it just shows how much movement there is in

410
00:21:40,359 --> 00:21:43,359
Speaker 2: the oil and gas, world how MUCH m AND a

411
00:21:43,359 --> 00:21:48,000
Speaker 2: activity we can, expect and Woodside, santos beach, energy these

412
00:21:48,000 --> 00:21:50,000
Speaker 2: guys In australia are going to be part of. IT

413
00:21:50,680 --> 00:21:54,360
Speaker 2: l AND g really and gas are the, big big

414
00:21:54,720 --> 00:21:58,120
Speaker 2: prizes in all. This In santos's, case it's got projects

415
00:21:58,160 --> 00:22:00,840
Speaker 2: In australia In papula And New guinea team or. Less

416
00:22:01,040 --> 00:22:04,200
Speaker 2: it's also got assets In, alaska but they're. Oil even

417
00:22:04,200 --> 00:22:05,720
Speaker 2: the fact that SUCH i mean the deal is probably,

418
00:22:05,800 --> 00:22:09,159
Speaker 2: unlikely but it does show that oil and gas is

419
00:22:09,200 --> 00:22:10,760
Speaker 2: going to the world of oil and gas is going

420
00:22:10,760 --> 00:22:14,760
Speaker 2: to change. Forever gas is in huge demand and it's

421
00:22:14,760 --> 00:22:19,200
Speaker 2: because everyone has suddenly realized it is the transition. Industry

422
00:22:19,480 --> 00:22:21,840
Speaker 2: we can't close gas down because we need it to

423
00:22:22,000 --> 00:22:26,320
Speaker 2: transition to. Renewables for much of the last, Year santos

424
00:22:26,320 --> 00:22:28,520
Speaker 2: And woodside held merger talks which would have created an

425
00:22:28,520 --> 00:22:31,800
Speaker 2: eighty billion dollar. COMPANY, eig A us based private equity,

426
00:22:31,800 --> 00:22:33,960
Speaker 2: group made a fourteen point four billion dollar bid For

427
00:22:34,000 --> 00:22:35,160
Speaker 2: santos a few years.

428
00:22:35,160 --> 00:22:36,800
Speaker 3: Back it's all about.

429
00:22:36,840 --> 00:22:40,840
Speaker 2: Gas golf countries are investing huge amounts in, it and

430
00:22:41,000 --> 00:22:43,840
Speaker 2: The australian oil and gas guys are going to be

431
00:22:43,920 --> 00:22:46,919
Speaker 2: part of this global. Consolidation SO i reckon there's going

432
00:22:46,960 --> 00:22:49,080
Speaker 2: to be a lot of activity for investors in that.

433
00:22:49,160 --> 00:22:51,480
Speaker 2: World i'm not saying good or, bad SO i have no,

434
00:22:51,560 --> 00:22:54,680
Speaker 2: idea BUT i think we're going to for the rest

435
00:22:54,720 --> 00:22:57,480
Speaker 2: of this year be talking a lot about m and

436
00:22:57,520 --> 00:23:01,879
Speaker 2: a stuff around gas. Companies story all very, Serious Michael,

437
00:23:01,920 --> 00:23:03,760
Speaker 2: aver do you something briefoud be?

438
00:23:03,880 --> 00:23:06,280
Speaker 1: Nice something brief is What i've got for, You. Sean

439
00:23:06,320 --> 00:23:08,240
Speaker 1: it's going to sound a little bit, STRANGE i suspect

440
00:23:08,320 --> 00:23:11,800
Speaker 1: Because i'm going to be putting the big tech companies

441
00:23:12,160 --> 00:23:12,880
Speaker 1: in the sleeper.

442
00:23:12,880 --> 00:23:14,119
Speaker 3: Category who are?

443
00:23:14,119 --> 00:23:16,560
Speaker 1: THEY i know it hasn't worked for, You sean on

444
00:23:16,600 --> 00:23:19,639
Speaker 1: many occasions trying to claim that tech stories are remarkable

445
00:23:19,720 --> 00:23:21,240
Speaker 1: or the biggest of the, week or any of. That

446
00:23:21,320 --> 00:23:25,320
Speaker 1: but this is, Different, adam because What i've noticed this week.

447
00:23:25,480 --> 00:23:27,520
Speaker 2: Is a trend right in a.

448
00:23:27,560 --> 00:23:31,520
Speaker 1: Week, yes because you see one story in isolation and

449
00:23:31,560 --> 00:23:34,240
Speaker 1: it doesn't look like. Much but join them together As i've,

450
00:23:34,240 --> 00:23:39,320
Speaker 1: Done suddenly they weave together into a, rich sleeper. Tapestry

451
00:23:39,680 --> 00:23:44,120
Speaker 1: and what this tapestry does is show quite clearly that

452
00:23:44,160 --> 00:23:47,800
Speaker 1: the tech platforms are actually under a little bit of,

453
00:23:47,840 --> 00:23:50,879
Speaker 1: pressure not necessarily from, investors but under pressure on a

454
00:23:51,000 --> 00:23:55,879
Speaker 1: variety of different. Fronts Example number, One, meta owner Of

455
00:23:55,920 --> 00:23:58,600
Speaker 1: instagram And, facebook has now threatened to block news from

456
00:23:58,600 --> 00:24:02,280
Speaker 1: its platforms In australia and stop local users that's you and,

457
00:24:02,400 --> 00:24:05,960
Speaker 1: me from sharing links to news articles if the government

458
00:24:06,040 --> 00:24:10,520
Speaker 1: decides to force them to negotiate payments with news. Organizations

459
00:24:10,520 --> 00:24:13,080
Speaker 1: this is a big. Escalation this is kind of That's defcon,

460
00:24:13,160 --> 00:24:16,399
Speaker 1: one and it isn't without. Precedent it's already blocked news In.

461
00:24:16,440 --> 00:24:17,560
Speaker 1: Canada example number.

462
00:24:17,600 --> 00:24:21,520
Speaker 3: Two can can you have a big escalation being Def con?

463
00:24:21,560 --> 00:24:23,760
Speaker 1: One, No they're at Def con two at the, moment

464
00:24:23,880 --> 00:24:25,760
Speaker 1: and they're threatening to go to Def con one.

465
00:24:26,320 --> 00:24:33,240
Speaker 2: Anyway Brever tartan please Sean example number. Two google likely

466
00:24:33,280 --> 00:24:37,200
Speaker 2: to face increase competition for search services On android devices

467
00:24:37,240 --> 00:24:40,080
Speaker 2: Because telstra And optus have told the Huble see that

468
00:24:40,119 --> 00:24:42,520
Speaker 2: they won't do a deal With google to force users

469
00:24:42,600 --> 00:24:46,240
Speaker 2: onto the. Platform so on mobile, Devices google searchers market

470
00:24:46,240 --> 00:24:49,359
Speaker 2: share In australia is around ninety eight. Percent that based

471
00:24:49,359 --> 00:24:53,560
Speaker 2: on this, decision this promise made By telstra And, optus

472
00:24:53,760 --> 00:24:56,159
Speaker 2: that may be changing Old i'm going to creect to you.

473
00:24:56,160 --> 00:24:59,000
Speaker 2: Here the competition whtchdog forced them to?

474
00:24:59,000 --> 00:24:59,119
Speaker 3: Do?

475
00:24:59,160 --> 00:25:01,920
Speaker 2: It Wasn't telstra not just being nice guys as much

476
00:25:01,920 --> 00:25:04,159
Speaker 2: of us see discovering that it was happening, THING i

477
00:25:04,200 --> 00:25:08,040
Speaker 2: can't do. That it's an undertaking they have. AGREED i,

478
00:25:08,040 --> 00:25:10,800
Speaker 2: MEAN i look a good important part of your. Story

479
00:25:10,920 --> 00:25:12,880
Speaker 2: but let's not give too much credit to the tilcos

480
00:25:12,880 --> 00:25:16,280
Speaker 2: on this. One that's, fine that's. Fine i'm happy to

481
00:25:16,600 --> 00:25:19,520
Speaker 2: happy to agree with you on that. One see example number. Three,

482
00:25:19,880 --> 00:25:22,320
Speaker 2: now this is a big, one short, one but a big.

483
00:25:22,359 --> 00:25:26,600
Speaker 2: One google's greenhouse gas emissions have surged forty eight percent

484
00:25:26,800 --> 00:25:28,800
Speaker 2: in the past five years and it's all because of

485
00:25:28,840 --> 00:25:31,760
Speaker 2: this massive increase in demand of course for data centers

486
00:25:31,760 --> 00:25:34,800
Speaker 2: AS ai grows and grows and. Grows what this means

487
00:25:35,000 --> 00:25:37,560
Speaker 2: is That google's commitment to get to net zero by

488
00:25:37,600 --> 00:25:40,560
Speaker 2: twenty thirty is now actually in. Doubt AND i don't

489
00:25:40,560 --> 00:25:44,080
Speaker 2: think there'll be too many, people, investors or anyone really will.

490
00:25:43,960 --> 00:25:46,720
Speaker 1: Be too happy about. That there were other examples as,

491
00:25:46,720 --> 00:25:49,320
Speaker 1: WELL i could give, you but victory through brevity and all,

492
00:25:49,320 --> 00:25:51,600
Speaker 1: THAT i won't go into. Them what we are seeing,

493
00:25:51,600 --> 00:25:53,679
Speaker 1: here if we just take a step, back zoom out

494
00:25:53,720 --> 00:25:56,119
Speaker 1: a little, bit gaze upon the tapestry That i've woven

495
00:25:56,359 --> 00:25:59,800
Speaker 1: cleverly for you today is an unusual site of the

496
00:25:59,840 --> 00:26:03,480
Speaker 1: t heck giants under, pressure fighting a million little battles

497
00:26:03,480 --> 00:26:06,040
Speaker 1: on a million different. Fronts you put it all, together

498
00:26:06,080 --> 00:26:08,280
Speaker 1: AND i think we're seeing a trend, here and that

499
00:26:08,400 --> 00:26:14,000
Speaker 1: trend is the ultimate sleeper. Story oh goodness, me well, Done, Michael.

500
00:26:19,960 --> 00:26:27,879
Speaker 4: Adam, Well i'm redundant in this. Place, LOOK i find

501
00:26:27,920 --> 00:26:32,960
Speaker 4: myself in something of a. Surprise But michael, Wins oh my,

502
00:26:33,080 --> 00:26:37,960
Speaker 4: god you know this isn't Reflecting WELL i, Knew. ADAM

503
00:26:39,359 --> 00:26:40,679
Speaker 4: i know that's a. RISK i.

504
00:26:40,760 --> 00:26:42,960
Speaker 1: Do my favorite part of this is now it's one

505
00:26:43,040 --> 00:26:46,160
Speaker 1: all one with the judge.

506
00:26:47,000 --> 00:26:50,439
Speaker 4: Glorious look, sure and your story is, massive, right the

507
00:26:50,520 --> 00:26:53,639
Speaker 4: sleeper and not not just so much About, santos as you,

508
00:26:53,640 --> 00:26:56,359
Speaker 4: said but about the whole principle of the recognition about

509
00:26:56,800 --> 00:27:01,960
Speaker 4: liquefied natural gas and gas being really required energy. Sources they.

510
00:27:02,000 --> 00:27:04,919
Speaker 4: ARE i think there's some people that'll be a surprise.

511
00:27:05,000 --> 00:27:07,199
Speaker 4: TO i think you're absolutely right that there's more in that.

512
00:27:07,320 --> 00:27:10,840
Speaker 4: Story so it's a. Ripper but in this, instance the

513
00:27:10,960 --> 00:27:13,440
Speaker 4: big one that tipped the scales for me was not

514
00:27:14,000 --> 00:27:17,960
Speaker 4: just the news bargaining code or how international companies don't

515
00:27:17,960 --> 00:27:23,000
Speaker 4: pay much tax, here but also The google requirement in

516
00:27:23,040 --> 00:27:26,000
Speaker 4: the way they're working with. Telsternoptis that is very. Significant

517
00:27:26,440 --> 00:27:28,679
Speaker 4: but the biggest one that has been growing in a

518
00:27:28,720 --> 00:27:32,919
Speaker 4: sleeper sense is this massive consumption of energy ON. Ai

519
00:27:33,600 --> 00:27:34,680
Speaker 4: and SO i think.

520
00:27:34,520 --> 00:27:36,760
Speaker 3: That we didn't know about, that, well not that.

521
00:27:36,880 --> 00:27:42,639
Speaker 4: VOLUME i didn't. KNOW i didn't know The google The right.

522
00:27:42,680 --> 00:27:48,120
Speaker 4: PODCAST i didn't know until this news came out that

523
00:27:48,359 --> 00:27:51,280
Speaker 4: the scale of energy consumption is so big and it's

524
00:27:51,280 --> 00:27:54,160
Speaker 4: going to blow their emissions. Targets now that For google

525
00:27:54,400 --> 00:27:57,720
Speaker 4: is really really important and just how Pervasive google is

526
00:27:57,800 --> 00:27:59,399
Speaker 4: means it's important for. US i think it is a

527
00:27:59,400 --> 00:28:01,520
Speaker 4: really big Slee.

528
00:28:01,160 --> 00:28:03,040
Speaker 2: Now CAN i make a? Suggestion so we won one,

529
00:28:03,080 --> 00:28:07,320
Speaker 2: one it's a. Tie CAN i make a? Suggestion we

530
00:28:07,359 --> 00:28:08,919
Speaker 2: all give our favorite story for the?

531
00:28:08,960 --> 00:28:10,760
Speaker 3: Week, okay all, right.

532
00:28:10,800 --> 00:28:13,359
Speaker 2: Let's Take adam out of the judging Process i'm. In

533
00:28:14,080 --> 00:28:16,560
Speaker 2: So adam come up with a. Story i'll come up

534
00:28:16,560 --> 00:28:18,639
Speaker 2: with a. Story, michael you come up with a, story

535
00:28:19,240 --> 00:28:24,120
Speaker 2: and perhaps readers or GOD i don't, mind or me can.

536
00:28:24,160 --> 00:28:24,680
Speaker 3: Decide.

537
00:28:25,080 --> 00:28:29,879
Speaker 2: Cool oh, no that's not. Fair, no, Well michael AND

538
00:28:29,880 --> 00:28:32,399
Speaker 2: i shouldn't be, judged Not. Adam i'm happy to go with, You,

539
00:28:32,480 --> 00:28:33,600
Speaker 2: MICHAEL i don't.

540
00:28:33,600 --> 00:28:35,760
Speaker 1: Know it was only because mine has a personal link

541
00:28:35,800 --> 00:28:37,680
Speaker 1: For adam THAT i was kind of counting.

542
00:28:37,720 --> 00:28:40,440
Speaker 2: On SHALL i go first and give you both a

543
00:28:40,520 --> 00:28:41,520
Speaker 2: moment to think about your?

544
00:28:41,520 --> 00:28:45,440
Speaker 3: Stories? Yes, yes do the favorite.

545
00:28:45,480 --> 00:28:48,080
Speaker 1: STORY i think it's an easy one for anyone who loves,

546
00:28:48,120 --> 00:28:50,360
Speaker 1: politics who loves a bit of, drama even on the

547
00:28:50,400 --> 00:28:52,200
Speaker 1: other side of the. World and if you happen to

548
00:28:52,200 --> 00:28:54,840
Speaker 1: be married to someone who hails from THE, Uk, adam

549
00:28:54,880 --> 00:28:56,120
Speaker 1: THEN i SUSPECT.

550
00:28:56,040 --> 00:28:57,080
Speaker 3: I SUSPECT i don't.

551
00:28:57,120 --> 00:28:58,400
Speaker 4: Know you know it is not.

552
00:28:58,600 --> 00:29:03,600
Speaker 1: Speculation THE uk election was held late this week and

553
00:29:04,800 --> 00:29:09,400
Speaker 1: an extraordinary landslide win to The Labor party with a

554
00:29:09,480 --> 00:29:13,200
Speaker 1: New Prime, Minister Sir Kiirs. Darma it's a pretty incredible

555
00:29:13,200 --> 00:29:15,640
Speaker 1: result For labor when you think about, it because just

556
00:29:15,760 --> 00:29:18,240
Speaker 1: five years ago the landslide went the other way With

557
00:29:18,320 --> 00:29:24,160
Speaker 1: Boris johnson As Prime, minister actually significantly growing The conservative government's.

558
00:29:24,200 --> 00:29:27,920
Speaker 1: Majority WHAT i find fascinating here is how The Labor

559
00:29:27,960 --> 00:29:30,560
Speaker 1: party ran with a campaign slogan of just one word

560
00:29:30,920 --> 00:29:33,560
Speaker 1: change and it's kind of, vague doesn't really tell you

561
00:29:33,600 --> 00:29:39,000
Speaker 1: what policies will be, changing but banked entirely on voter. Dissatisfaction,

562
00:29:39,360 --> 00:29:42,880
Speaker 1: really after fourteen years Of conservative, government a revolving door

563
00:29:43,320 --> 00:29:46,840
Speaker 1: of five prime, ministers including the sub fifty day term

564
00:29:46,880 --> 00:29:49,360
Speaker 1: Of Liz trust and the Party gate scandals Of Boris,

565
00:29:49,440 --> 00:29:52,040
Speaker 1: johnson the New Prime minister has done a lot to project,

566
00:29:52,080 --> 00:29:55,240
Speaker 1: stability particularly over the last few, years but really during

567
00:29:55,240 --> 00:29:59,920
Speaker 1: the election campaign as. Well he's brought the party towards the,

568
00:30:00,120 --> 00:30:02,880
Speaker 1: center away from the extreme left Of Jeremy, corbyn and

569
00:30:02,920 --> 00:30:04,800
Speaker 1: in doing so it was one a lot of support

570
00:30:04,800 --> 00:30:08,000
Speaker 1: from business as well and even the. Media adding to

571
00:30:08,040 --> 00:30:12,120
Speaker 1: the whole stability image is the fact That Sir. Kiirs

572
00:30:12,120 --> 00:30:15,120
Speaker 1: starmer's biggest, controversy as is identified in a lot of

573
00:30:15,160 --> 00:30:19,240
Speaker 1: media outlets when they do a comparison between the two

574
00:30:19,360 --> 00:30:24,240
Speaker 1: kind of candidates. Controversy his controversy is that he's. Boring

575
00:30:24,520 --> 00:30:27,520
Speaker 1: that is what they considered to be. Controversial his nickname

576
00:30:27,640 --> 00:30:33,680
Speaker 1: is No Drama. Starma Boris johnson once called Him Captain Krasherooney.

577
00:30:33,040 --> 00:30:37,280
Speaker 2: Snoozefest which is just, extraordinary isn't.

578
00:30:37,280 --> 00:30:39,160
Speaker 1: It but the thing, is, though he's actually had a

579
00:30:39,160 --> 00:30:43,680
Speaker 1: pretty incredible, career recognized with a knighthood awarded to him

580
00:30:43,680 --> 00:30:47,440
Speaker 1: for services to law and criminal. Justice another fascinating tidbit

581
00:30:47,960 --> 00:30:49,640
Speaker 1: is that he has two kids who are thirteen and,

582
00:30:49,720 --> 00:30:52,560
Speaker 1: sixteen but he's never identified them in. Public he's kept

583
00:30:52,600 --> 00:30:55,080
Speaker 1: their names out of the, media he's kept them out

584
00:30:55,080 --> 00:30:58,120
Speaker 1: of photos to try and make their lives as normal as. Possible,

585
00:30:58,600 --> 00:31:00,320
Speaker 1: now these aren't kind of kind of one two year

586
00:31:00,320 --> 00:31:01,640
Speaker 1: olds to just kind of keep them at. Home these

587
00:31:01,680 --> 00:31:03,680
Speaker 1: are thirteen sixteen year olds that are kind of going

588
00:31:03,680 --> 00:31:05,280
Speaker 1: through high school and all of, this and still has

589
00:31:05,280 --> 00:31:08,520
Speaker 1: managed to keep them pretty much entirely. ANONYMOUS i think

590
00:31:08,560 --> 00:31:11,400
Speaker 1: that is. Amazing it's going to be rather tough at number.

591
00:31:11,400 --> 00:31:14,440
Speaker 1: Ten you would. Imagine of, Course, ADAM i don't even

592
00:31:14,440 --> 00:31:15,840
Speaker 1: know why'm pointing this out to, you because you're not

593
00:31:15,880 --> 00:31:16,280
Speaker 1: judging us.

594
00:31:16,280 --> 00:31:18,800
Speaker 2: Anymore but THE uk election has flow on effects To.

595
00:31:18,840 --> 00:31:21,320
Speaker 1: Australia so this is all just the add on stuff

596
00:31:21,320 --> 00:31:22,800
Speaker 1: at the, end the fluff to try and kind of

597
00:31:22,800 --> 00:31:25,360
Speaker 1: tick some of those boxes on your judging, criteria but

598
00:31:25,440 --> 00:31:28,520
Speaker 1: through the orchestrat the many other trade and diplomatic links

599
00:31:28,520 --> 00:31:30,000
Speaker 1: that we. Have but just for the fact that there's

600
00:31:30,040 --> 00:31:32,120
Speaker 1: a new prime minister in a. LANDSLIDE i love the

601
00:31:32,120 --> 00:31:33,840
Speaker 1: theater of it. All it's my favorite story of the.

602
00:31:33,880 --> 00:31:37,239
Speaker 3: Week and brevity is. Everything what was that phrasey we're?

603
00:31:37,360 --> 00:31:38,600
Speaker 3: USING i don't.

604
00:31:38,640 --> 00:31:40,320
Speaker 2: Remember it's not really relevant, anymore is?

605
00:31:40,360 --> 00:31:44,680
Speaker 4: It Victoria Part, yeah.

606
00:31:44,320 --> 00:31:47,120
Speaker 3: That's, Right have you?

607
00:31:47,160 --> 00:31:50,320
Speaker 1: FINISHED i was done like a good eight seconds, Ago,

608
00:31:50,360 --> 00:31:51,520
Speaker 1: sean my favorite.

609
00:31:51,560 --> 00:31:55,880
Speaker 2: Story how can anyone not be happy about this next?

610
00:31:55,880 --> 00:31:57,960
Speaker 2: Story how can anyone not have it as their favorite?

611
00:31:57,960 --> 00:32:02,760
Speaker 2: Story july one came and all these financially beneficial changes kicked. In,

612
00:32:02,840 --> 00:32:05,640
Speaker 2: firstly everyone can expect more money in their pay packet

613
00:32:05,760 --> 00:32:08,760
Speaker 2: as a result Of stage three tax cuts worth about

614
00:32:08,760 --> 00:32:10,880
Speaker 2: three hundred and thirty billion dollars out of the next.

615
00:32:10,920 --> 00:32:12,200
Speaker 3: Decade no tax.

616
00:32:12,240 --> 00:32:14,479
Speaker 2: Anymore if you earn up to eighteen, thousand two, hundred

617
00:32:14,680 --> 00:32:16,240
Speaker 2: a sixteen percent rate then kicks.

618
00:32:16,280 --> 00:32:19,040
Speaker 3: In that's between eighteen, thousand two hundred and forty five.

619
00:32:19,080 --> 00:32:22,120
Speaker 2: Thousand after forty five thousand, dollars you hit thirty percent

620
00:32:22,200 --> 00:32:23,960
Speaker 2: up to one hundred and thirty five thousand, dollars and

621
00:32:24,000 --> 00:32:25,880
Speaker 2: thirty seven percent up to one hundred and ninety thousand,

622
00:32:25,880 --> 00:32:29,040
Speaker 2: dollars and then u two forty five percent after. That

623
00:32:29,320 --> 00:32:31,680
Speaker 2: there's also an increase in the minimum wage that affects

624
00:32:31,680 --> 00:32:34,800
Speaker 2: two point six Million australian, workers goes from twenty three

625
00:32:34,840 --> 00:32:36,880
Speaker 2: dollars twenty three to twenty four dollars ten an.

626
00:32:36,880 --> 00:32:39,960
Speaker 3: Hour you'd have to be a scrooge not to be

627
00:32:40,000 --> 00:32:43,960
Speaker 3: happy about that. One there's changes to paid.

628
00:32:44,000 --> 00:32:47,320
Speaker 2: Parentally there's also seventy five dollars energy rebate each quarter

629
00:32:47,800 --> 00:32:50,960
Speaker 2: that kicks in this financial. Year there's indexation of welfare.

630
00:32:50,960 --> 00:32:54,280
Speaker 2: Payments superannuation guarantee will rise from eleven till eleven and

631
00:32:54,280 --> 00:32:57,080
Speaker 2: a half, percent ensuring more money for everyone when they.

632
00:32:57,120 --> 00:33:00,640
Speaker 2: Retire we don't get these stories very. Often how could

633
00:33:00,640 --> 00:33:02,760
Speaker 2: it not be your favorite? Story that's WHAT i. Ask,

634
00:33:03,120 --> 00:33:06,280
Speaker 2: however having said, THAT i respect the fact That adam

635
00:33:07,000 --> 00:33:09,760
Speaker 2: is going to give his favorite, story which will be

636
00:33:09,800 --> 00:33:11,760
Speaker 2: interesting because he's a, judge And michael AND i will

637
00:33:11,760 --> 00:33:13,840
Speaker 2: then decide who wins and who.

638
00:33:13,880 --> 00:33:17,479
Speaker 3: Loses that, Amazing, Okay.

639
00:33:18,480 --> 00:33:23,320
Speaker 4: So i'm going to choose an unorthodox, topic, well, humor let's,

640
00:33:23,320 --> 00:33:26,640
Speaker 4: say as my nomination for favorite story of the. Week

641
00:33:26,680 --> 00:33:29,480
Speaker 4: so THE uk. Election i'm not sure if either of

642
00:33:29,520 --> 00:33:32,320
Speaker 4: you have heard Of Jonathan. Pye have have either of

643
00:33:32,320 --> 00:33:32,720
Speaker 4: you heard of?

644
00:33:32,760 --> 00:33:37,360
Speaker 2: HIM i don't, Know, Adam, michael stop, Googling stop. GOOGLING

645
00:33:38,280 --> 00:33:39,440
Speaker 2: i KNOW i was googling something.

646
00:33:39,480 --> 00:33:39,720
Speaker 3: Else.

647
00:33:40,560 --> 00:33:45,480
Speaker 4: Okay he runs a YouTube channel which is very. Successful

648
00:33:46,360 --> 00:33:49,600
Speaker 4: it's very very. Funny he, says he's A uk news,

649
00:33:49,640 --> 00:33:53,880
Speaker 4: reporter brutally honest views on the world of. Politics but

650
00:33:54,000 --> 00:33:58,320
Speaker 4: he just tears into politicians every single. Week and so

651
00:33:58,440 --> 00:34:01,640
Speaker 4: what he's done this, week and it was yesterday's election

652
00:34:01,880 --> 00:34:06,000
Speaker 4: special number. Five it's nearly six minutes. Long but if

653
00:34:06,000 --> 00:34:09,240
Speaker 4: you want to watch something just incredibly powerful and, funny

654
00:34:09,480 --> 00:34:11,920
Speaker 4: have a watch of. It and to, me just the

655
00:34:12,040 --> 00:34:15,760
Speaker 4: lack of humor that we see in THE us election

656
00:34:16,400 --> 00:34:19,760
Speaker 4: versus something Like Jonathan, pye which BASICALLY i think Keeps britain.

657
00:34:19,920 --> 00:34:23,240
Speaker 4: Sane you, know it is just such a brilliant. Story

658
00:34:24,080 --> 00:34:25,680
Speaker 4: so can.

659
00:34:25,200 --> 00:34:27,399
Speaker 2: We just bring back to the categories that you judge

660
00:34:27,480 --> 00:34:30,239
Speaker 2: us on, Here, yes so just tell us what they are.

661
00:34:30,160 --> 00:34:44,040
Speaker 4: Again, topicality, timeliness economic, impact subjective, bias and. Melodrama not

662
00:34:44,120 --> 00:34:44,839
Speaker 4: my strong, suit.

663
00:34:44,920 --> 00:34:48,160
Speaker 2: Melodrama So, michael it looks like you AND i won

664
00:34:48,239 --> 00:34:49,319
Speaker 2: one and a, half one and a half to.

665
00:34:49,360 --> 00:34:50,680
Speaker 3: One there we.

666
00:34:50,760 --> 00:34:57,560
Speaker 2: Go what a what a fantastic three way battle. Battle that's, right,

667
00:34:58,480 --> 00:35:00,680
Speaker 2: excellent three way, one one and a, half one and

668
00:35:00,680 --> 00:35:04,000
Speaker 2: a half. One this this does remind me a little

669
00:35:04,000 --> 00:35:08,960
Speaker 2: of the story Of. Michaels michael is an excellent whistler and.

670
00:35:11,400 --> 00:35:11,680
Speaker 3: It's a.

671
00:35:11,760 --> 00:35:14,040
Speaker 2: Skill AND i do remember you telling us the story

672
00:35:14,040 --> 00:35:15,920
Speaker 2: in the early days WHEN i didn't know you. Well

673
00:35:16,040 --> 00:35:18,719
Speaker 2: you used to work for The Ray hadley morning show In,

674
00:35:18,880 --> 00:35:23,880
Speaker 2: sydney And ray at some point suggested to, You, michael

675
00:35:24,920 --> 00:35:28,120
Speaker 2: you're such a good, whistler come in and whistle a

676
00:35:28,239 --> 00:35:29,120
Speaker 2: tune as part of the.

677
00:35:29,160 --> 00:35:30,680
Speaker 3: Show and you're very.

678
00:35:30,719 --> 00:35:33,000
Speaker 2: Excited you were, young you were you, know you're going

679
00:35:33,000 --> 00:35:35,719
Speaker 2: to be On Ray, hadley which is for you know

680
00:35:36,000 --> 00:35:39,120
Speaker 2: about forty years has been the number one rated morning.

681
00:35:39,120 --> 00:35:42,239
Speaker 2: Show maybe not forty, years but twenty years, anyway you

682
00:35:42,280 --> 00:35:45,480
Speaker 2: get your big. Break so it's just my, chance you,

683
00:35:45,520 --> 00:35:47,560
Speaker 2: Say so you get, there you're ready to. Go ray,

684
00:35:47,600 --> 00:35:50,359
Speaker 2: said you, know we've got our, Producer Michael. Thompson he's

685
00:35:50,400 --> 00:35:55,440
Speaker 2: going to give us a. Churn you whistled, beautifully. Magnificent

686
00:35:55,640 --> 00:35:57,720
Speaker 2: can't remember what it was you? Whistled what was? It

687
00:35:57,960 --> 00:36:00,600
Speaker 2: it doesn't, Matter it really doesn't. Matter you whistled it.

688
00:36:00,640 --> 00:36:04,839
Speaker 2: Beautifully you, finished and please take it from.

689
00:36:04,840 --> 00:36:08,920
Speaker 1: THERE i whistled beautifully for about eight, seconds and all

690
00:36:08,920 --> 00:36:12,439
Speaker 1: of a, SUDDEN i just started to like something went

691
00:36:12,480 --> 00:36:15,759
Speaker 1: wrong AND i had to, stop AND i, Said i've

692
00:36:15,760 --> 00:36:19,600
Speaker 1: gone Dry ray and he, said, right we'll go to a,

693
00:36:19,640 --> 00:36:22,000
Speaker 1: break and we went to a commercial. BREAK i was

694
00:36:22,040 --> 00:36:24,600
Speaker 1: removed from the studio AND i never whistled on air.

695
00:36:24,640 --> 00:36:31,680
Speaker 1: Again it was it was one of those times where

696
00:36:31,760 --> 00:36:34,560
Speaker 1: you have a chance to show what you can do.

697
00:36:35,920 --> 00:36:38,200
Speaker 2: And you and you just don't quite nail.

698
00:36:38,239 --> 00:36:41,880
Speaker 1: It is this why you were telling this, Story, sean

699
00:36:42,000 --> 00:36:43,200
Speaker 1: because this is What adam just.

700
00:36:43,200 --> 00:36:45,560
Speaker 3: Did, yep, yeah quite nail.

701
00:36:45,640 --> 00:36:50,600
Speaker 1: It oh, savage, Savage, oh what a way to finish

702
00:36:50,600 --> 00:36:53,279
Speaker 1: the show one and a half to one and a

703
00:36:53,320 --> 00:36:57,600
Speaker 1: half to one with an epic slapdown From seawan To.

704
00:36:57,680 --> 00:37:00,359
Speaker 1: Adam remember, That, adam and let it fuel all your

705
00:37:00,440 --> 00:37:03,160
Speaker 1: rage and your judgments next. Week, adam thank you very.

706
00:37:03,120 --> 00:37:05,600
Speaker 2: Much thank, you And, sean thank.

707
00:37:05,640 --> 00:37:06,560
Speaker 3: You thank. You.

708
00:37:06,680 --> 00:37:09,399
Speaker 1: Michael make sure you're following the podcast and please join

709
00:37:09,480 --> 00:37:12,640
Speaker 1: us online On, LinkedIn, instagram, TikTok, facebook AND.

710
00:37:12,880 --> 00:37:15,120
Speaker 2: X I'm Michael. Thompson and that was beer and. Greed

711
00:37:15,360 --> 00:37:16,160
Speaker 2: have a great. Weekend