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Speaker 1: Today on Fear and Greed, twenty four hours away from

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Speaker 1: election day, and pretty much everything points to a labor win. Woolworths'

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Speaker 1: revenue surprise on the back of Minecraft collectibles, and a

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Speaker 1: new study shows that weight training just an hour a

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Speaker 1: week can have significant benefits. Plus packaging magnate Anthony Pratt

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Speaker 1: promises to spend billions of dollars in the US and

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Speaker 1: Washington and Kiev do a deal on natural resources and defense.

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Speaker 1: Welcome to Fear and Greed Daily business news for people

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Speaker 1: who make their own decisions. It is Friday, the second

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Speaker 1: of May twenty twenty five. I'm Michael Thompson and good

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Speaker 1: morning Sean Aylmer.

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Speaker 2: Good morning Michael, Sean.

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Speaker 1: It's been another big week for the Fear and Greed

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Speaker 1: Daily News that I've got to give it a quick

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Speaker 1: mention because it has just absolutely taken off. If you

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Speaker 1: haven't signed up already, it is entirely free. Head along

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Speaker 1: to Fear Andgreed dot com dot au and pop your

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Speaker 1: email address in and you will get buy six am

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Speaker 1: every morning, a short email with just a handful of

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Speaker 1: stories that prepares you for the day so that you're

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Speaker 1: can turn up at your desk ready to go. That's

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Speaker 1: pretty much such.

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Speaker 2: Exactly what it is. You're going to have a better

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Speaker 2: day at work.

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Speaker 1: If you've read the newsletter, we promise you a better day.

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Speaker 1: That's it. That's quite the commitment. So I'll put a

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Speaker 1: link in the show notes as well, just so that

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Speaker 1: you can find that and sign up very easily. Shawn

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Speaker 1: on with the main story. Twenty four hours away from

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Speaker 1: election day, and both Prime Minister Anthony Aberenezi and Opposition

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Speaker 1: leader Peter dudn't appear confident of winning tomorrow's poll, although

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Speaker 1: experts say an alban easy win is most likely. The

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Speaker 1: trickier question, though, is whether Labor will be returned as

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Speaker 1: a majority or a minority government.

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Speaker 2: The momentum is with the Labor Party, no doubt about that.

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Speaker 2: In the final You Gave poll ahead of the election,

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Speaker 2: it was very bad news for the coalition. It's modeling

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Speaker 2: says the ALP will increase the number of seats it

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Speaker 2: has in the House of Representatives and the Coalition will

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Speaker 2: actually lose seats. Now the House of Reps has one

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Speaker 2: hundred and fifty seats, down one after a redistribution, the

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Speaker 2: winning party needs a simple majority in the parliament, just

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Speaker 2: as all of the ALP had seventy seven members, colleation

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Speaker 2: fifty three members. The modeling and other polling suggests independent

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Speaker 2: candidates will do well. Now we've got thirteen that last

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Speaker 2: parliament thirteen independents, four members from the Green, one from

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Speaker 2: Center Alliance, one from Bob Cutter's Australia Party. The suggestion

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Speaker 2: is that the independence will increase from thirteen to more

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Speaker 2: than that, which brings the whole minority government into play.

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Speaker 1: I love the last day or two of campaigning because

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Speaker 1: it is when the politicians themselves are just getting really

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Speaker 1: anxious about things going wrong, and it's also when things

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Speaker 1: tend to go a little bit haywire yea. So we

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Speaker 1: had lots of last minute electorate visits as you would expect.

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Speaker 1: We have had plenty of name calling, surprise endorsements, and

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Speaker 1: none more surprising than the endorsement by Joe Exotic, the

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Speaker 1: star of Joe Exotic Netflix show Tiger King. This is

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Speaker 1: a extraordinary show and he's come out and support of

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Speaker 1: Anthony Albanezi.

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Speaker 2: Yes, what I like is the Prime Minister actually said

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Speaker 2: during COVID he watched that show, the Netflix show Tiger King,

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Speaker 2: and he said it was quite weird. Yes, it was

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Speaker 2: one of the more extraordinary shows that I ever seen.

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Speaker 2: What else happened yesterday? Report from an environmental advocacy group

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Speaker 2: said US President Donald Trump's top campaign advisors was giving

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Speaker 2: advice to the Liberal Party in the early days of

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Speaker 2: the campaign. Peter Dunton came out and denied that he

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Speaker 2: doesn't want to be associated with mister Trump. The coalition

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Speaker 2: also released policy costings that claim to reduce the budget

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Speaker 2: deficit by about fourteen billion dollars over the next four

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Speaker 2: years in lower debt by about forty billion dollars. Prime

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Speaker 2: Minister Anthony Albernize says he has not received any texts

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Speaker 2: from Clive Palmer. This is what we've been complaining about.

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Speaker 2: But he has promised to look in to the fact

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Speaker 2: that you can just get political texts ahead of an election.

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Speaker 2: If he's elected, I think we probably should give the

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Speaker 2: final word to the two people running for Prime minister

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Speaker 2: anything Alberan easy. The campaign of the Liberal Party has

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Speaker 2: become more and more right wing under Peter Dunn. That's

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Speaker 2: just the truth of the matter. There is this comment yesterday,

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Speaker 2: Peter Dunn's comment, this election really is a referendum, not

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Speaker 2: about the election campaign, But about the last three years

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Speaker 2: of government, are you better off today? The new word

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Speaker 2: three years ago.

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Speaker 1: It's been consistent on that line the whole way through.

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Speaker 2: Right.

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Speaker 1: He has local markets, how do they perform yesterday?

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Speaker 2: There's in PASX two hundred finished up just to touch

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Speaker 2: zero point two percent to one and forty six points

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Speaker 2: six days in a row, Michael and the Black Pretty good.

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Speaker 2: That's how excited you are about that one.

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Speaker 1: I actually am excited by that because we've had just

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Speaker 1: so much kind of turbulence. It's nice to have some

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Speaker 1: man as a consistent growth.

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Speaker 2: Tech stocks led the way, especially data center owners. More

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Speaker 2: on that shortly. Real estate and consumer staples stocks did well.

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Speaker 2: Energy companies not so well. Wasn't a lot going on

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Speaker 2: among the large caps. Woodsid I'd ended off about two

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Speaker 2: and a half percent, Goodman jumped about three and a

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Speaker 2: half percent.

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Speaker 1: International markets have been on a bit of a rollercoaster ride.

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Speaker 1: Sewan initially hit hard after figures showing the US economy

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Speaker 1: went backwards last quarter, then rebounding when another report showing

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Speaker 1: inflation in the world's biggest economy was stagnating.

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Speaker 2: And that second report up the chances of a rate cut.

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Speaker 2: Now that FED meets next week. The US economy contracted

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Speaker 2: by an annualized zero point three percent over the first quarter,

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Speaker 2: the first time it's gone backwards since twenty twenty two.

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Speaker 2: It was mostly the result, ironically, of companies rushing to

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Speaker 2: buy imported goods ahead of any tariff announcement from Donald Trump,

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Speaker 2: so the contraction actually might be a quirk of these

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Speaker 2: statistics of how they put them together, rather than anything

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Speaker 2: much more than that. It sent Wall Street down two percent,

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Speaker 2: but then the S and P five hundred rebounded to

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Speaker 2: close slightly higher after the fedes preferred measure of inflation

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Speaker 2: suggested price rises were negligible.

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Speaker 1: Sean very quick mention of the fact that you are

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Speaker 1: I can particularly fit at the moment because you have

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Speaker 1: been training.

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Speaker 2: Not enough, but I have been training.

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Speaker 1: You have been training, and every time I speak to

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Speaker 1: you these days you get this, Hello, Shawn, you on

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Speaker 1: the bike right now, and typically you are, and you

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Speaker 1: are training for a very good cause. You and Adam

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Speaker 1: Lange from the Fear and Grad team are doing the

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Speaker 1: ride for country kids, and it is coming up alarmingly.

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Speaker 2: Soon, ferociously soon. Thirteen days before we take off, we

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Speaker 2: ride two hundred or no. I wish it was. There's

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Speaker 2: three hundred and eighty kilometers from Burke to Koba to

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Speaker 2: Ningen to Dubbo. We're raising money for country kids, a

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Speaker 2: lot of these kids who just don't quite get the

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Speaker 2: opportunity that the city kids get around developmental needs. Well,

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Speaker 2: something else that's worth pointing out, would you know, love

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Speaker 2: people to join us on the ride and stay in

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Speaker 2: touch with us. We will be certainly recording from outback

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Speaker 2: nears outher Whales, subject to internet connections.

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Speaker 1: It's going to be a roll's.

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Speaker 2: Going to be a rollercaster. What I would like to

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Speaker 2: add is that you very quickly put your hand up

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Speaker 2: to say now I'm going to stay in the studio.

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Speaker 1: We need someone here or somebody had to I'm a

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Speaker 1: muster sean a quick mention. We've had some fantastic donations

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Speaker 1: come in, really generous donations. There was one thousand dollars

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Speaker 1: donation came in from Kingdom Campbell, which is amazing. But

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Speaker 1: people like Joe Aston, Charelle Murphy our friend from Me Why,

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Speaker 1: Richard yet Sanger from A and zed Lachlan Halloway from

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Speaker 1: Morning Star, people that we've talked to on the podcast

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Speaker 1: that have really dug deep and if you are in

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Speaker 1: a position to be able to help and chip in

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Speaker 1: a few dollars, that would be very, very much appreciated,

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Speaker 1: and will put a link in today's show notes as

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Speaker 1: well so that you can find that and donate if

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Speaker 1: you're able to do so. It is greatly appreciated, and

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Speaker 1: we will give you a shout out here, although if

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Speaker 1: you want to remain anonymous, you can do that as well. Anyway,

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Speaker 1: I have taken enough time with that now, Sean, we

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Speaker 1: need to move on. We will take a quick break

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Speaker 1: and be back in a moment with the rest of

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Speaker 1: the day's business news. Sean. Woolworth's released its Mart's quarter

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Speaker 1: revenue figures yesterday, and while sales were up in the

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Speaker 1: supermarket division, the big w department stores are struggling they are.

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Speaker 2: Sales growth across the group was three point two percent,

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Speaker 2: beat market expectations, took total revenue to thirteen point one

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Speaker 2: billion dollars. By comparison, we found out from Coal's the

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Speaker 2: previous day sales growth growth was three point four percent

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Speaker 2: and it has quarterly revenue of ten point four billion.

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Speaker 2: So the kind of neck and neck in terms of

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Speaker 2: sales growth, Woolies is the bigger company. What was interesting

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Speaker 2: the Minecraft collectibles promotion. You're laughing. I know nothing about

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Speaker 2: Minecraft except that it's everywhere. Well, the collectibles helped Woolies' sales,

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Speaker 2: According to CEO Amanda Barball, I am.

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Speaker 1: Not surprised by that because we are a household that

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Speaker 1: moves our shopping between Coals and Wolworths depending on these collectibles,

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Speaker 1: because my kids love them and they just want to

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Speaker 1: put together the whole set of whatever it is, and

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Speaker 1: this we're just kind of folded pieces of cardboard that

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Speaker 1: you put into a collector case. And because of that,

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Speaker 1: we shopped for the month of Walworths.

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Speaker 2: Did here go well? It worked worked Like Cole's Woolies

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Speaker 2: home brands are out performing as budget conscious conscious hard

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Speaker 2: isn't a budget consciously not budget conscious shoppers look for deals.

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Speaker 2: The red flag for Woolies, however, is big w clothing

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Speaker 2: sales disappointed. The department store chain is now expected to

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Speaker 2: lose seventy million dollars in the first six months of

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Speaker 2: this year. By the closed yesterday, Wooly's share price was

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Speaker 2: up one percent.

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Speaker 1: Shaan, you mentioned this next one earlier, and this is

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Speaker 1: really interesting. The share price of Data Center operators, DIGI

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Speaker 1: COO Infrastructure. I feel like we should have some kind

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Speaker 1: of a consistency here on whether we are saying data

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Speaker 1: or data because the next one data.

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Speaker 2: Three, Data number three yeah, yep, data.

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Speaker 1: Number three, and next DC another one. So there's three

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Speaker 1: different organizations here as well as tech heavyweight Wise tech global.

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Speaker 1: They all served yesterday after Wall Street based Microsoft and

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Speaker 1: Meta reported strong, very strong results.

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Speaker 2: So the link between the Wall Street companies and the

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Speaker 2: local property groups is that Microsoft, Meta both said they

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Speaker 2: want up ramp up investments in data centers, and of

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Speaker 2: course DIGCO data data. Oh god now data number three,

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Speaker 2: next DC. Goodman I mentioned earlier all big data center

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Speaker 2: players data center players sorry, Facebook and Instagram. Meta Facebook

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Speaker 2: and Instagram owner Meta expects to spend more than one

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Speaker 2: hundred billion dollars on data centers this year. Meta reported

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Speaker 2: first quarter sales ahead of expectations about sixty six billion dollars. Basically,

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Speaker 2: it's advertising businesses holding up needs that money to invest

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Speaker 2: in AI. Microsoft results are also better than expected, cloud

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Speaker 2: services being the shining star there.

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Speaker 1: Viusy packaging magnate Anthony Pratt has pledged to invest five

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Speaker 1: billion US dollars, which is about what's seven point eight

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Speaker 1: billion Aussie in American manufacturing ahead of his meeting with

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Speaker 1: Donald Trump at the Y House. That's a smart move

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Speaker 1: right before he head into the White House.

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Speaker 2: It's a very very Anthony Pratt move. Pratt says the

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Speaker 2: investment will create five thousand manufacturing jobs across the US

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Speaker 2: in the Ross belt states of Ohio, Michigan, and Pennsylvania,

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Speaker 2: also jobs in Arizona. He made the pledge ahead of

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Speaker 2: Trump's invest in America summit overnight. In a statement, Pratt said,

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Speaker 2: I need.

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Speaker 1: To quote this.

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Speaker 2: This is the great Aussie Anthony Pratt. To make America

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Speaker 2: great again. We need to make in America again. That's

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Speaker 2: why I'm so proud to support the President's call to

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Speaker 2: reindustrialize America and again make the US the manufacturing powerhouse

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Speaker 2: of the world now. Pratt nowadays is a permanent US resident.

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Speaker 2: He's based himself in New York since last year. He's

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Speaker 2: worked very hard to impress Trump, and in January he

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Speaker 2: actually paid for an ad in the New York Times,

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Speaker 2: which would not have been cheap to congratulate Trump as

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Speaker 2: the president prepared to take office for a second time.

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Speaker 2: He hasn't always succeeded though.

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Speaker 1: There's nowhere you're going.

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Speaker 2: So there were reports in twenty twenty three that Trump

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Speaker 2: had shared potentially classified information about America's nuclear submarine fleet

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Speaker 2: with Pratt during a conversation at his club in twenty

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Speaker 2: twenty one, when Donald Trump was asked about Anthony Pratt,

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Speaker 2: He's kind of feigned as if he didn't really know

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Speaker 2: him very well. And he said, he said, he called

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Speaker 2: him the red haired weirder.

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Speaker 1: That's unkind, isn't it.

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Speaker 2: Oh, where do you go?

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Speaker 1: No, you don't, You don't go anywhere. We go to

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Speaker 1: International News NATIONALITA. The US and Ukraine have reached a

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Speaker 1: deal over access to Ukraine's natural resources, and move that

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Speaker 1: KIV sought to solidify President Donald Trump's backing and ceasefire

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Speaker 1: talks with Russia.

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Speaker 2: The deal will granted the US privileged access to new

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Speaker 2: investment projects to develop natural resources, including aluminium, graphite, oil,

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Speaker 2: and natural gas. It's considered critical to fostering Trump's goodwill

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Speaker 2: as his administration pushes to end the war that began

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Speaker 2: when Russia mounted its full scale invasion of Ukraine more

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Speaker 2: than three years ago. Under the terms of the deal,

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Speaker 2: the US gets first claim on profits transferred into a

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Speaker 2: special reconstruction investment fund that would be jointly managed by

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Speaker 2: both nations. The deals intended in part to reimburse the

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Speaker 2: US for future military assistance to Ukraine. The funnel will

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Speaker 2: be financed by fifty percent of revenues from new licenses

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Speaker 2: in projects relating to critical minerals, oil and gas.

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Speaker 1: Just quickly. This is a curious story, isn't it That

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Speaker 1: Tesla's board has reportedly opened a search to replace the

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Speaker 1: chief executive, Elon Musk. This is according to the Wall

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Speaker 1: Street Journal.

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Speaker 2: I think this has got to run because it is

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Speaker 2: in the Wall Street Journal and that is such an

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Speaker 2: August media outlet. The Carmaker's board is said to have

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Speaker 2: reached out to several executive search firms and landed on one.

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Speaker 2: The newspaper reports that as disgruntled investors complain about Musk's

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Speaker 2: increasing focus on the White House, the board has gotten

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Speaker 2: serious about looking for a successor. The current status of

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Speaker 2: succession planning isn't really determined, according to the paper, nor

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Speaker 2: whether or not Musk knows that they haven't reached out now.

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Speaker 2: Robin dem at Home, the chair of Tesla, Australian born,

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Speaker 2: came out yesterday and said that they weren't looking to

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Speaker 2: replace elin musk. But it's kind of where they smoke,

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Speaker 2: there's fire. Yeah, it's that type of story.

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Speaker 1: Finally, Sean, a new study shows that just an hour

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Speaker 1: of weight training a week, that's three twenty minute sessions

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Speaker 1: at home, can help people gain significant muscle mass and strength.

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Speaker 1: There's hope for us. All.

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Speaker 2: This is a totally personal story. You know, the kids

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Speaker 2: waits are there and I think I should I should

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Speaker 2: pick one. I go to pick one up and they're

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Speaker 2: really heavy, and so, you know, maybe not. Yeah. So

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Speaker 2: the study asked participants to do just two thirty minute

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Speaker 2: sessions of uncomplicated resistance exercises each week. They completed nine

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Speaker 2: common upper and lower body gym exercises, repeating each move

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Speaker 2: eight to ten times until muscle's fatigued. I'm getting tired.

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Speaker 1: All just bored listening to that. Oh god, that sounds

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Speaker 1: very dull.

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Speaker 2: So the goal was created schedule for busy people, according

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Speaker 2: to reporting the Washington Post, because the reason people don't

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Speaker 2: do weight training, apparently is that they're too busy.

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Speaker 1: Yeah, that's why.

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Speaker 2: Now, strong healthy muscles are important. They help protect against diabetes, arthritis,

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Speaker 2: a range of other diseases. Frailty, premature death, those sorts

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Speaker 2: of things. But very few people actually do weight training.

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Speaker 2: Only about twenty percent in the US do weight training.

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Speaker 2: The results after two months, even with the abbreviated routine,

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Speaker 2: showed that the participants added mass and strength. Almost everyone's

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Speaker 2: muscles were larger, stronger, and more powerful than at the start.

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Speaker 2: The study was republished was published in Medicine and Science

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Speaker 2: in Sports and Exercise Journal.

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Speaker 1: So you're saying, I go home right now, do twenty

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Speaker 1: minutes of wait coming in tomorrow for the weekend edition,

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Speaker 1: fully jacked.

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Speaker 2: That's it, Michael, that's it.

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Speaker 1: Excellent.

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Speaker 2: That's what you took from that story.

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Speaker 1: That is entirely what I took up. Next, Sean is

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Speaker 1: the Fear and Greed Daily Interview. Your guest today, Tim

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Speaker 1: Lawless from Totality Formal Eco Logic.

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Speaker 2: Yes, great story or not great story. It's on the

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Speaker 2: back of the house price data and that came out

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Speaker 2: this week. What's quite extraordinary is that we've had three

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Speaker 2: months now of house price growth, but across all capital cities,

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Speaker 2: across regions. It's so broad based, and we talked to

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Speaker 2: Tim about that and also the fact that the really

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Speaker 2: the outperforming capitals have come back with the underperformers have

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Speaker 2: actually gone forward, and so the market itself nationally has

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Speaker 2: changed a lot.

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Speaker 1: I thought his comments around the likely impact of interest

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Speaker 1: rate cuts was interesting. That was not what I was

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Speaker 1: expecting at all. It is definitely worth a listeners. Coming

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Speaker 1: up next in the Fear and Greed playlist on your

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Speaker 1: podcast platform or at Fearandgreed dot com today u which

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Speaker 1: is also where you sign up for the free daily newsletter.

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Speaker 1: Thank you Sean, Thank you Michael. This Friday, the second

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Speaker 1: of May twenty twenty five. Make sure you're following the podcast,

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Speaker 1: and please join us online on LinkedIn, Instagram, x TikTok

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Speaker 1: and Facebook. I'm Michael Thompson and that was Fear and Greed.

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Speaker 1: Have a great day.