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Speaker 1: Today on Fear and Greed. Donald Trump becomes the oldest

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Speaker 1: person to ever be sworn in as President of the

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Speaker 1: United States, as the US readies itself for a barrage

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Speaker 1: of executive orders on the immigration, energy and justice. Superannuation

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Speaker 1: funds report a very strong twenty twenty four with returns

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Speaker 1: well above average and star entertainment teeches on the edge

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Speaker 1: of collapse. Plus, the government announces another big spending initiative,

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Speaker 1: just as the polls show Anthony Albanezi and Peter Dutton

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Speaker 1: neck and neck as preferred Prime Minister, and Mufassa The

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Speaker 1: Lion King proves a silent hit. Welcome to Fear and Greed.

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

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Speaker 1: It is Tuesday, the twenty first of January twenty twenty five.

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Speaker 1: I'm Michael Thompson and good morning, Sean Aylmer.

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Speaker 2: Morning, Tuesday, the twenty first of January. Something for everyone

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Speaker 2: this morning.

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Speaker 1: This certainly is the main story this morning, Sean, is

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Speaker 1: a big, big, big one. The United States has a

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Speaker 1: new president, with Donald Trump being sworn in this morning

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Speaker 1: and a scaled down version urb inauguration due to the weather.

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Speaker 2: Yes, not really in keeping with Donald Trump I'd say

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Speaker 2: he became.

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Speaker 1: Anyone's ever used the word scaled down in relation to

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Speaker 1: Donald Trump's antics.

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Speaker 2: Here we go, he became the forty seventh president of

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Speaker 2: the United States. It was held indoors because of the

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Speaker 2: frigid conditions That meant fewer people were there. Mostly was

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Speaker 2: a room full of politicians, a few CEOs around, especially

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Speaker 2: of the tech companies, Mark Zuckerberg, Elon Musk, Jeff Bezos.

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Speaker 2: All living presidents attended. Now, of course, Jimmy Carter's funeral

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Speaker 2: was only a couple of weeks ago, but Barack Obama

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Speaker 2: was there, Joe and Jill Biden, Bill and Hillary Clinton,

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Speaker 2: George w and Laura Bush. A few notable absentees those

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Speaker 2: that were invited but declined to attend. To Michelle Obama,

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Speaker 2: it was one former House Speaker Nancy Pelosi, a thorn

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Speaker 2: in Donald Trump's side for a long time. Well, she

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Speaker 2: didn't turn up. There were three official balls after the inauguration.

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Speaker 2: That's actually not many. After Obama was elected and his

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Speaker 2: inauguration he hosted ten balls back in two thousand and nine.

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Speaker 2: Just three going on there probably going at the moment.

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Speaker 2: It was Donald Trump's the oldest person ever to take

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Speaker 2: office seventy eight years, two hundred and twenty days. He

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Speaker 2: is expected to hit the ground running or sprinting, expected

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Speaker 2: to sign more than one hundred executive orders, including pardoning

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Speaker 2: most of those arrested after the January six riots on

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Speaker 2: Capitol Hill four years ago. There's also expected to be

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Speaker 2: changes in terms of a national Emergency declaration regarding the

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Speaker 2: Mexican border that frees up federal resources to detain migrants

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Speaker 2: crossing It limits the ability for people to seek asylum.

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Speaker 2: It also helps with a deportation or deportation efforts. Also

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Speaker 2: expected emergiense powers to boost domestic energy production. We are

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Speaker 2: not talking about renewables here, Michael, basically powers that will

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Speaker 2: enable new oil and gas development on federal land. And

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Speaker 2: it's fair to say Donald Trump wasn't gracious in taking over.

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Speaker 2: He basically said his rise ended four years of American

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Speaker 2: decline and he's going to end the failed and corrupt

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Speaker 2: political establishment in Washington. Ahead of the allgradation, he repeated

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Speaker 2: unfounded claims that foreign governments are emptying their prisons, jails,

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Speaker 2: and mental institutions in the US. He said some immigrants

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Speaker 2: living in the US are probably worse than Hannibal Lecter.

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Speaker 2: He also danced along to a live performance of Ymca

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Speaker 2: by the Village people. I do not recommend people go

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Speaker 2: and try and find that, Sean.

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Speaker 1: I'm always fascinated by who is invited and who is

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Speaker 1: not invited to these kinds of things. And you mentioned

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Speaker 1: the fact that Michelle Obama wasn't there, which is probably

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Speaker 1: not surprising. But what I found interesting was the world

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Speaker 1: leaders that were invited to attend as well, because it's

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Speaker 1: normally not the case. It hasn't been a norm historically

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Speaker 1: for actual world leaders to be invited. It's usually representative.

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Speaker 1: But Trump broke with protocol, which is highly unusual and

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Speaker 1: invited a whole bunch of actual presidents, and funnily enough,

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Speaker 1: they were the world leaders. They were the leaders of

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Speaker 1: Argentina and Hungary and Italy. It is a who's who

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Speaker 1: of kind of right wing leaders from around the world,

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Speaker 1: so it is very kind of political right from the start.

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Speaker 1: You can always tell a lot by who's invited and

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Speaker 1: who actually attends these things. What's Australia's take on all

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Speaker 1: of this.

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Speaker 2: Well, Foreign Minister Pennywong attended the inauguration, so too did

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Speaker 2: our ambassador to the US, Kevin Rudd ahead of it.

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Speaker 2: Penny Wong said that she thought that Australia and the

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Speaker 2: US were closely aligned, particularly around how to push back

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Speaker 2: against China in the Pacific. She said that China would

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Speaker 2: top talks between Canberra and the new administration. Deputy Prime

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Speaker 2: Minister Richard Miles had his two cents worth. He said

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Speaker 2: he's confident about the progress of Orcus Penny Wang through

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Speaker 2: her support behind Kevin Rudd relative because, of course, Kevin

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Speaker 2: Rudd has been very critical of Donald Trump. He made

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Speaker 2: a few social media posts that are now deleted, which

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Speaker 2: were not nice about the incoming president. Donald Trump has

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Speaker 2: met Kevin Rudd in the past couple of days. They're

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Speaker 2: working on a meeting between Donald Trump and Anthony Albernezi. Interestingly,

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Speaker 2: Trump's already become a little more pragmatic on China than

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Speaker 2: much of his rehetoric. For example, he posted just before

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Speaker 2: his inauguration that he wants TikTok to keep operating and

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Speaker 2: he wants it to have fifty percent US ownership. More

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Speaker 2: on that later, but already he has become a little

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Speaker 2: more pragmatic.

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Speaker 1: And just to finish up with Donald Trump segment today,

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Speaker 1: Sean a meme coin which that Donald Trump debuted on

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Speaker 1: his social media accounts on Friday, has already attracted billions

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Speaker 1: of dollars of trading volume. This is interesting.

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Speaker 2: It trades under the ticker Dollar Trump on the Solana blockchain.

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Speaker 2: It's gone from a value of a few cents to

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Speaker 2: as much as seventy five US dollars. It's got a

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Speaker 2: market value now of about nine billion dollars according to

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Speaker 2: coin market Cap. There are two hundred million tokens available

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Speaker 2: for that nine billion dollars now. Trump affiliated organizations control

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Speaker 2: another eight hundred million, according to New York Times, So theoretically, theoretically,

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Speaker 2: we're talking about thirty six billion dollars that the Trump

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Speaker 2: affiliations have just made in about thirty six hours. Millenia

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Speaker 2: also Millennia. Trump also launched a coin the past twenty

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Speaker 2: four hours. That's Dollar Millennia. That's its ticker again. It's

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Speaker 2: on the Salanta blockchain. It's valued about one point three

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Speaker 2: billion dollars. And the fine print of these say they

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Speaker 2: are not intended to be or the subject of an

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Speaker 2: investment opportunity. People seem to ignore that totally. A mean

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Speaker 2: coin is actually a type of crypto, but it's tied

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Speaker 2: to an online joke or a celebrity or something like that.

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Speaker 2: Given how many of these coins the family, the Trump

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Speaker 2: affiliates and family own, they stand to make billions of

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Speaker 2: dollars from this. Surely there's a few ethical questions in that.

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Speaker 2: One don't know anyway, People buying these meme coins totally

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Speaker 2: beyond me.

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Speaker 1: Yeah, well, this is a huge day in US politics,

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Speaker 1: in global politics, really so in cryptocurrency. The Sean got

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Speaker 1: to mention the interview that we have coming up after

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Speaker 1: the show, because it is delving deep into all of

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Speaker 1: these topics. You're speaking with doctor Shane Oliver from AMP.

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Speaker 2: Yes, so all about what Donald Trump means for the

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Speaker 2: economy and for investors. Now heads up here. We spoke

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Speaker 2: to Shane yesterday afternoon and he said, well, a lot

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Speaker 2: of uncertainty, but then he gives his take on some

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Speaker 2: of these pro these policies that are very pro business,

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Speaker 2: his policies that are anti brizziness, what that means for

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Speaker 2: things like inflation.

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Speaker 1: Great chat, Yeah, great conversation, and just coming up after

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Speaker 1: the show on stick Around Tho, We've got plenty still

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Speaker 1: to come. We're talking super funds. Good performance there, Star

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Speaker 1: entertainment as well. TikTok the Lion King. It's bit of

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Speaker 1: a mixed bag, something for everyone. Don't go anywhere. We'll

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

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Speaker 1: day's business news. Sean super funds posted a stellar performance

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Speaker 1: in twenty twenty four, with the median growth fund returning

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Speaker 1: eleven point four percent, meaning that is twelve positive years

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Speaker 1: in the last thirteen.

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Speaker 2: Pretty spectacular. Now. Twenty twenty three was a great year.

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Speaker 2: Came in at nine point nine percent, the median growth

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Speaker 2: fund eleven point four percent. Wow. The typical goal for

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Speaker 2: a growth fund is just six percent, so it nearly

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Speaker 2: doubled it last year. A growth fund is one where

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Speaker 2: you have somewhere between sixty one and eighty percent in

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Speaker 2: growth assets. Where we're talking about growth assets, you're talking

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Speaker 2: about equity things like that. Higher risk portfolios did even better.

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Speaker 2: A call the chant West. The big winners really funds

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Speaker 2: that bought international shares at the beginning of the year.

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Speaker 2: They are worth a lot more now, not just because

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Speaker 2: the share prices of those many of those international shares,

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Speaker 2: particularly Wall Street shares, rose, but also because the Australian

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Speaker 2: dollar depreciated, so the actual value you get is even higher.

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Speaker 2: OZSI shares are up about eleven percent. All major asset

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Speaker 2: classes were positive except unlisted property. The top performing superfund

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Speaker 2: UNI Super, followed by CFS CFS First Choice. That's Cloni

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Speaker 2: your first state first Choice. They were the top performance

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Speaker 2: over the past twelve months. Over ten years, though Super

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Speaker 2: is a long term investment, not a single year investment.

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Speaker 2: Things like host Plas Australian Retirement Trust and Ossie Super

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Speaker 2: lead the pack.

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Speaker 1: Sean we mentioned as Star Entertainment at the top of

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Speaker 1: the show. We also mentioned it yesterday, last week, pretty

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Speaker 1: much every day last year as well. Now. Yesterday it

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Speaker 1: warned that its future is in doubt after revenue fell

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Speaker 1: in the final quarter of last year and it's struggles

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Speaker 1: to reorganize or rather organize refinancing.

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Speaker 2: It's looking at different ways to stay afloat, but isn't

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Speaker 2: comfortable about any of them saving the company now. In

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Speaker 2: terms of ASX statements, it said there remains material uncertainty

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Speaker 2: as to the group's ability to continue as a going concern.

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Speaker 2: In terms of statements, I mean that's out there. You

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Speaker 2: don't get too many ASEX listed companies putting that out

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Speaker 2: to the market. They are in that very blunt.

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Speaker 1: That's very blunt.

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Speaker 2: Also, so of course they operate casinos in Sydney, Brisbane

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Speaker 2: and on the Gold Coast. Their December cord revenue fell

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Speaker 2: fifteen percent. Now, part of that was because of the

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Speaker 2: closure of its casino precinct in Brisbane. There's also a

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Speaker 2: slow down and spending cause by miniatry identification cards cash

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Speaker 2: limits introduced in the Sydney casino. That's cost of remediation.

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Speaker 2: It's share price fell fourteen percent to twelve cents a

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Speaker 2: share yesterday. I'd say there's real doubts. I mean, she

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Speaker 2: probably real doubts to whether it's going to survive. I

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Speaker 2: think it's more likely than not that as a listed

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Speaker 2: company it won't make it.

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Speaker 1: That's while we're on equities, Sean, how did the local market,

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Speaker 1: the broader local market perform yesterday?

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Speaker 2: A pretty decent day. The SMPA six two hundred finished

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Speaker 2: up half a percent to eighty three hundred and forty

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Speaker 2: seven points on all prices. Raise. That helped some of

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Speaker 2: the big miners BGP, Rio, Tinto. Although there has been

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Speaker 2: some delays out of the PILBRI because the cyclone at

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Speaker 2: the PIL report up there has delayed deliveries. Do you

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Speaker 2: want the cyclone's court?

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Speaker 1: I do know what the cyclone is called, and it

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Speaker 1: brings it entertained me.

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Speaker 2: No end cyclone, Sean, Sean spelt the right way. Category

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Speaker 2: three though like one hundred and eighty five Krominal wins,

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Speaker 2: I want to be a cyclone five? Sorry? Category five? Cyclone?

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Speaker 1: Yeah?

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Speaker 2: I mean you would middle the rod category three, but you.

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Speaker 1: Feel you feel like about a two or three as

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Speaker 1: a cyclone?

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Speaker 2: Why would I be insulted by that?

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Speaker 1: I really should have just let you be a category five.

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Speaker 2: Ah, look you said a category two category three.

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Speaker 1: You are a notorious blowhard? Should I left you a

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Speaker 1: category five?

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Speaker 2: Good point?

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Speaker 1: Please go on, John.

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Speaker 2: Our best performers among the large copes yesterday, Primedicus, James,

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Speaker 2: Hardy mcquarie and West Farmers underperformers. The energy company is

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Speaker 2: generally transervent and CSL Michael.

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Speaker 1: What's happening in international market, Sean?

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Speaker 2: I was the dollars training around sixty two US sinse

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Speaker 2: Brent Crude is training around eighty one US dollars A barrel.

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Speaker 2: Wall Street was closed overnight for Martin Luther King Day.

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Speaker 2: People are generally happy about Donald Trump, particularly the fact

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Speaker 2: that he's been speaking to jijingping around trade TikTok, fentanyl,

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Speaker 2: stuff like that. Bitcoin. We we're in a bit of

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Speaker 2: a rally. Got up to about one hundred and six

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Speaker 2: thousand US dollars a unit, fell back to one hundred

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Speaker 2: and one one thousand US dollars a unit. I mentionined

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Speaker 2: Brent Crade. Brent Crade, I mentioned Brent Crude. Then we

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Speaker 2: have a very cool ask. Heear and greed today.

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Speaker 1: Oh we do, yes, I'm looking forward to this. So

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Speaker 1: every day, what do we do? This Tuesdays and Fridays.

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Speaker 1: Every Tuesday, every Friday, at about midday, we publish the

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Speaker 1: answer to a listener question, and today's question is about

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Speaker 1: oil and the Aussie dollar and why we pay so

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Speaker 1: much at the petrol bowser. It is worth tuning in

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Speaker 1: about midday we release those episodes and if you have

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Speaker 1: your own question, you can also send those through to

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Speaker 1: us and we would be very very happy to answer them. Sean,

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Speaker 1: we talked a lot about US politics. Let's have a

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Speaker 1: look at the latest Australian politics, where the latest opinion

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Speaker 1: poll shows that Peter Dutton has caught Anthony Alberanezi as

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Speaker 1: preferred prime Minister with law and order issues increasingly prominent

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Speaker 1: among voters, which is certainly good news for the coalition.

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Speaker 2: It's sure is so. This is the financial review Freshwater Pole.

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Speaker 2: It was taken amid and outbreak of anti Semitic violence

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Speaker 2: in recent weeks. Both Anthony Alberzi and Peter Dunton got

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Speaker 2: forty three percent of the poll. In terms of the preferred

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Speaker 2: Prime minister on a two party preferred basis, the Coalition

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Speaker 2: lead fifty one to forty nine percent. That's been unchanged

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Speaker 2: over the past four months or so. It does suggest

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Speaker 2: that the opposition's at tax on the Prime minister as

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Speaker 2: we are certainly working the key issues. Cost of living

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Speaker 2: remains number one far and away, housing, health and social care, economy,

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Speaker 2: crime and social order that's climbing the ranks there, and environment.

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Speaker 2: The most likely outcome for the election, which is due

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Speaker 2: by mid May, is a hung parliament, most likely with

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Speaker 2: Anthony Albanesi as Prime Minister still but relying on support

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Speaker 2: of the Greens and the Teals in the House of Reps.

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Speaker 1: The Federal government is busy rolling out a few big

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Speaker 1: spending election promises, even though there isn't actually an election

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Speaker 1: date yet set pledging two billion dollars towards converting Australia's

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Speaker 1: four aluminium smelters to renewable electricity.

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Speaker 2: Yes, aluminium smelters are huge users of electricity and at

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Speaker 2: the moment they're all fired up by fossil fuels. Mister Albanize,

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Speaker 2: he was in the Hunter in New South Whales talking

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Speaker 2: about saving fifteen hundred jobs at the smelter in Tomago.

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Speaker 2: In the past three weeks. The federal governments now seven

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Speaker 2: point two billion dollars to upgrade Bruce Highway in Queensland,

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Speaker 2: three billion dollars for the NBN two billion dollars for

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Speaker 2: the aluminium smelters. Yesterday the spending has commenced. For its part,

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Speaker 2: the Coalition has promised up to twenty thousand dollars in

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Speaker 2: fringe benefit tax exemptions for businesses with turnover up to

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Speaker 2: ten million dollars for taking people out to lunch. That

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Speaker 2: has got fear and greed all over it.

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Speaker 1: Oh, this feels like it's been tailor made for us. Sure,

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Speaker 1: an excuse to lunch every that's the fantastic news it is.

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Speaker 2: The Only problem is alcohol's not FBT exempt. You've got

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Speaker 2: to be adding fours, not alcohol. Can't be drinking alcohol.

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Speaker 1: That's okay. We'd still need to be productive in the afternoon.

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Speaker 2: That's true, Michael. Always there we go.

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Speaker 1: Turning to international news now shown a very serious story,

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Speaker 1: but some good news hopefully here. The ceasefire in the

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Speaker 1: Middle East has now held for twenty four hours, with

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Speaker 1: a release of Israeli hostages the more than three hundred

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Speaker 1: truckloads of humanitarian aid entering the Gaza Strip.

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Speaker 2: The deal commenced Sunday evening Australian time. Israel released ninety

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Speaker 2: Palestinian prisoners and detainees or were women or children. Three

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Speaker 2: Israeli female hostages were released. One a mother said it

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Speaker 2: was a horrendous ordeal, four hundred and seventy one days

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Speaker 2: away from her family. Thousands gathered in Tel Aviv to

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Speaker 2: witness the release of the hostages. Joe Biden claimed credit.

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Speaker 2: Donald Trump claimed credit, as you could imagine anyway, the

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Speaker 2: ceasefire is holding at the moment, and that is good news.

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Speaker 1: The ban on TikTok in the US Shawan lasted a

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Speaker 1: few hours. Just a few hours before Donald Trump said

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Speaker 1: he will approve the platform operating in the country if

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Speaker 1: a US entity owned fifty percent of the app what

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Speaker 1: you mentioned before.

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Speaker 2: Yes, President Trump gave Byte Dance three months, by Dan's owns,

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Speaker 2: TikTok three months to find a buyer. He said he

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Speaker 2: was doing it to save jobs, then went on to

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Speaker 2: say he liked TikTok because it helped him win the

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Speaker 2: youth vote in the presidential election. TikTok thanked President Trump,

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Speaker 2: not surprising. The background to this, Congress had passed a

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Speaker 2: law with bipartisan support and Donald Trump support. It was

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Speaker 2: designed to address national security concerns about TikTok. Basics said

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Speaker 2: you had to close down if you didn't sell it

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Speaker 2: in the US. He's done a backflip on that one

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Speaker 2: fairly quickly, and anyway, he's told TikTok that they need

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Speaker 2: to find a joint venture partner in the US.

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Speaker 1: Finally, Sean Mufassa The Lion King, which is a prequel

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Speaker 1: to one of the three greatest films ever made, The

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Speaker 1: Lion King that was really thirty years ago, has slowly

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Speaker 1: slowly crept into a major hit.

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Speaker 2: So Mafassa was launched at Christmas. Considered a bit of

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Speaker 2: a dud, Its first weekend made thirty five million dollars.

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Speaker 2: Not a great first weekend. It cost about two hundred

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Speaker 2: million dollars to make. What it did was trigger fears

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Speaker 2: that Disney's long running Line King franchise think movies, TV,

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Speaker 2: stage musicals, theme park attractions, well they stuffed simbers things

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Speaker 2: like that. Fear was that they'd sort of lost their attraction.

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Speaker 2: But people just keep turning up in cinemas. Last weekend,

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Speaker 2: Mafassa The Lion King was actually the number one box

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Speaker 2: office movie in the US. Globally, it's made about six

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Speaker 2: hundred million dollars now expected to earn another one hundred

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Speaker 2: million dollars before it leaves the cinemas. Those numbers, if

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Speaker 2: they were twenty twenty four, would have made it a

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Speaker 2: top ten film a hit. Mind you still behind Mawana two,

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Speaker 2: it was launched at the same time. It's made a

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Speaker 2: billion dollars globally. Before I ask what the top other

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Speaker 2: top two films of all time are, Michael, did you

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Speaker 2: know that prequels, which the Fast of the Lion King

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Speaker 2: do better than all the stuff they do less well

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Speaker 2: than sequels like Mawanna two, basically because people know what

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Speaker 2: happens at the end of prequels before they start watching.

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Speaker 1: There's no surprises, but people, everyone loves a good bit

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Speaker 1: of backstory though, That's really what I mean.

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Speaker 2: But you know, you know, no one's going to die

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Speaker 2: because they've got to make the next show.

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Speaker 1: Yeah, that's true. That's true.

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Speaker 2: So what we're say, Lion King, what are the top three?

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Speaker 1: What are the other top The other top two are

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Speaker 1: star Wars And I'm just kind of grouping them all

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Speaker 1: in there. Really and James Bond specifically specifically Casino Roy

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Speaker 1: are really yes, the greatest, the three greatest films ever made? Claimed.

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Speaker 2: It just shows that you got no idea.

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Speaker 1: I have no regrets any more about the category two thing.

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Speaker 1: Up next is the Fear and great Daily Interview at

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Speaker 1: doctor Shane Oliver from AMP as your guest. It is

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Speaker 1: a must listen if you'd like to understand the economic

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Speaker 1: and market impact of Donald Trump moving back into the

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Speaker 1: White House. Make sure you listen to that. One is

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

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Speaker 1: podcast platform or at Fearangreed dot com. Today you thank

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Speaker 1: you very much, Sean, Thank you, Michael. It is Tuesday,

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Speaker 1: the twenty first of January twenty twenty five. Make sure

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Speaker 1: you're following the podcast and please join us online on LinkedIn, Instagram,

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Speaker 1: x TikTok and Facebook. Oh, Michael Thompson, that was fear

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Speaker 1: and greed. Have a great day.