1 00:00:06,360 --> 00:00:08,840 Speaker 1: This is the weekend edition of Fear and Greed business 2 00:00:08,880 --> 00:00:11,479 Speaker 1: News you can use. I'm Michael Thompson and good morning 3 00:00:11,760 --> 00:00:12,760 Speaker 1: Natalie McDonald. 4 00:00:13,119 --> 00:00:14,840 Speaker 2: Good morning, my adversary. 5 00:00:15,600 --> 00:00:18,360 Speaker 1: Oh wow, shots fired early. This is going to be 6 00:00:18,480 --> 00:00:21,079 Speaker 1: a good battle today because this is about the two 7 00:00:21,079 --> 00:00:23,079 Speaker 1: of us each nominating what we think is the biggest 8 00:00:23,079 --> 00:00:26,360 Speaker 1: business story of the week, the most remarkable business story, 9 00:00:26,360 --> 00:00:28,800 Speaker 1: a mystery category that we change every week, and a 10 00:00:28,840 --> 00:00:32,960 Speaker 1: favorite story. And it absolutely is a debate. There must 11 00:00:33,000 --> 00:00:34,519 Speaker 1: be a winner at the end of it, because it 12 00:00:34,520 --> 00:00:37,680 Speaker 1: wouldn't be any fun if there wasn't. We need a 13 00:00:37,760 --> 00:00:40,800 Speaker 1: judge in that case. And our judge is, as always, 14 00:00:40,920 --> 00:00:45,040 Speaker 1: our fearless Fear and Greed colleague, Adam Lang Adam, good morning. 15 00:00:44,960 --> 00:00:50,360 Speaker 3: Good morning Michael, and good morning Natalie. Hi, Hi, worthy adversaries. 16 00:00:50,600 --> 00:00:54,080 Speaker 1: Because this is Natalie's first time game on Great So 17 00:00:54,120 --> 00:00:55,400 Speaker 1: I was going to say, you're not going to go easy. 18 00:00:56,520 --> 00:00:57,760 Speaker 3: That wouldn't be on, would it. 19 00:00:57,920 --> 00:01:01,280 Speaker 1: No, it's certainly what you looking for, though, Oh okay, 20 00:01:01,360 --> 00:01:06,960 Speaker 1: what is your criteria? Are they standards. 21 00:01:05,280 --> 00:01:07,720 Speaker 3: Standard for me? But just so you know, perhaps we 22 00:01:07,760 --> 00:01:10,200 Speaker 3: should have had this chat before, But now that we're 23 00:01:10,200 --> 00:01:16,600 Speaker 3: in the arena, here you go timeliness, topicality, economic impact, 24 00:01:17,360 --> 00:01:21,759 Speaker 3: a bit of subjective bias mine and of course really 25 00:01:21,880 --> 00:01:24,399 Speaker 3: is a nod to Michael's unique skill. But we do 26 00:01:24,600 --> 00:01:26,360 Speaker 3: enjoy it overall melodrama. 27 00:01:26,880 --> 00:01:30,800 Speaker 2: Okay, that guys, I'm bring understand it for the funzies 28 00:01:30,840 --> 00:01:32,560 Speaker 2: and also the pastries that I brought him for. 29 00:01:32,640 --> 00:01:35,760 Speaker 3: Once we've recorded this was new. 30 00:01:37,840 --> 00:01:41,560 Speaker 1: Sean Aylmer has never brought in pastries, neither of you 31 00:01:41,959 --> 00:01:45,400 Speaker 1: and neither of I. Yes, fairness, but Sean's not here 32 00:01:45,480 --> 00:01:47,080 Speaker 1: so he can feel free had. 33 00:01:47,000 --> 00:01:49,840 Speaker 3: Sort of luxurious coffee or even a lunch from time 34 00:01:49,880 --> 00:01:50,840 Speaker 3: to time. This is true. 35 00:01:50,880 --> 00:01:53,600 Speaker 1: This is true, Okay, but do not think that those 36 00:01:53,600 --> 00:01:56,080 Speaker 1: pastries are going to kind of buy you any favor 37 00:01:56,120 --> 00:01:59,600 Speaker 1: with the with the judge because he is frank and 38 00:01:59,640 --> 00:02:00,880 Speaker 1: feeler in his assessment. 39 00:02:01,080 --> 00:02:02,040 Speaker 2: He also can't eat. 40 00:02:01,920 --> 00:02:04,840 Speaker 3: Them frank and feelers like this. That's a single note. 41 00:02:04,920 --> 00:02:08,320 Speaker 1: Yeah, yes, he can't eat them as well, because gluten 42 00:02:08,320 --> 00:02:10,600 Speaker 1: free and all that, which feels like it was actually 43 00:02:10,680 --> 00:02:12,799 Speaker 1: quite a personal stas from you towards that. 44 00:02:13,400 --> 00:02:13,600 Speaker 3: Yeah. 45 00:02:13,919 --> 00:02:17,880 Speaker 1: Okay, let's get into this, shall we biggest story of 46 00:02:17,919 --> 00:02:20,880 Speaker 1: the week. Because this is your first time, Natalie on 47 00:02:20,919 --> 00:02:23,120 Speaker 1: this show, you may go first with your entry for 48 00:02:23,160 --> 00:02:25,880 Speaker 1: the biggest story of the week, That is my generosity. 49 00:02:26,160 --> 00:02:28,280 Speaker 2: Okay, I'm getting in really with it. You know, it 50 00:02:28,280 --> 00:02:31,800 Speaker 2: feels like a human interest story. Here spare thought for 51 00:02:31,880 --> 00:02:35,360 Speaker 2: the poor, poor suits of Australia. They haven't set eyes 52 00:02:35,360 --> 00:02:39,360 Speaker 2: on their personal trainers since the season started. Their regular 53 00:02:39,440 --> 00:02:42,760 Speaker 2: table at eleven Bridge sits unused as they weighed through 54 00:02:42,760 --> 00:02:45,560 Speaker 2: a bumper week of buy back announcements and earning beats 55 00:02:45,840 --> 00:02:50,560 Speaker 2: and ponder that age old question, have valuations become too stretched? 56 00:02:51,240 --> 00:02:53,960 Speaker 2: Not yet, says the market, which pushed through the nine 57 00:02:54,000 --> 00:02:56,800 Speaker 2: thousand point mark for the first time in a broad 58 00:02:56,800 --> 00:02:59,440 Speaker 2: based rally. As the bull market intensifies. Now some of 59 00:02:59,480 --> 00:03:02,239 Speaker 2: the week's win as a two milk delivering record and 60 00:03:02,360 --> 00:03:06,080 Speaker 2: your sales Lendley's back in Black Lottery Corp hitting an 61 00:03:06,120 --> 00:03:08,360 Speaker 2: all time high despite net profits of the thing. We 62 00:03:08,440 --> 00:03:14,440 Speaker 2: also learned that I can't pronounce lottery corpse k no straw. 63 00:03:14,280 --> 00:03:18,440 Speaker 1: Correctly, you nailed it. There was no confidence going into that, 64 00:03:18,560 --> 00:03:22,080 Speaker 1: really say it with surety. 65 00:03:21,720 --> 00:03:23,480 Speaker 2: But there was. But you know, that was fun for 66 00:03:23,520 --> 00:03:26,959 Speaker 2: all involved. Certainly some of the standouts, though weren't necessarily 67 00:03:26,960 --> 00:03:29,680 Speaker 2: for great reasons. Shares in James Hardy lost about thirty 68 00:03:29,720 --> 00:03:32,840 Speaker 2: five percent in two days after a big earnings miss, 69 00:03:33,080 --> 00:03:37,440 Speaker 2: promptly followed by broker downgrades. Shares and CSL also experiencing 70 00:03:37,520 --> 00:03:41,000 Speaker 2: their biggest one day for ever after the biotech giant 71 00:03:41,000 --> 00:03:45,560 Speaker 2: announced a major restructure and one of my favorite sort 72 00:03:45,600 --> 00:03:50,120 Speaker 2: of lens stories super Retail Chief labeling organized crime attacks 73 00:03:50,120 --> 00:03:53,520 Speaker 2: at its Rebel Sports stores in Victoria as out of control. 74 00:03:54,160 --> 00:03:57,200 Speaker 2: Next week though, being the really big test Cole's Woolworst 75 00:03:57,200 --> 00:04:00,120 Speaker 2: Flights Center, Santos West Farmers, and plenty more so, I 76 00:04:00,160 --> 00:04:02,880 Speaker 2: expect me back with this winning story next week too. 77 00:04:04,480 --> 00:04:07,680 Speaker 1: This winning story, it feels like you are trying to 78 00:04:07,760 --> 00:04:12,160 Speaker 1: sway the judge. Oh you look, Adam looks convinced. Adam 79 00:04:12,160 --> 00:04:13,160 Speaker 1: looks like this is gonna be hap. 80 00:04:13,480 --> 00:04:16,080 Speaker 3: This is my open minded okay, but I'm. 81 00:04:16,000 --> 00:04:17,680 Speaker 2: Also hasn't seen his personal trainer since. 82 00:04:19,680 --> 00:04:21,359 Speaker 1: Wow, that was personal Adam. 83 00:04:21,360 --> 00:04:21,960 Speaker 3: It's a good one. 84 00:04:22,920 --> 00:04:26,080 Speaker 1: But it has been an extraordinary week for results like 85 00:04:26,440 --> 00:04:30,840 Speaker 1: the massive, massive swings, the jumps and drops in share prices. 86 00:04:30,839 --> 00:04:33,240 Speaker 1: I know that on Friday, right at the end of 87 00:04:33,240 --> 00:04:35,919 Speaker 1: the week, we saw kind of Grismini Gomez just absolutely 88 00:04:35,920 --> 00:04:39,159 Speaker 1: plunging and zip shooting up by what twenty three percent 89 00:04:39,279 --> 00:04:43,200 Speaker 1: or something after its results. So it's just I imagine 90 00:04:43,240 --> 00:04:44,480 Speaker 1: trying to anticipate that. 91 00:04:44,640 --> 00:04:46,839 Speaker 2: And I didn't include it because frankly, I thought I 92 00:04:47,200 --> 00:04:48,760 Speaker 2: had enough meat in that. But when we look at 93 00:04:48,800 --> 00:04:52,040 Speaker 2: the buybacks as well, like the record level of buybacks 94 00:04:52,040 --> 00:04:55,440 Speaker 2: that we're seeing being announced to just again, I'll just 95 00:04:55,440 --> 00:04:56,479 Speaker 2: pop that in my basket. 96 00:04:56,960 --> 00:04:59,039 Speaker 1: I love the confidence. I didn't need to include this 97 00:04:59,040 --> 00:05:01,320 Speaker 1: because I've already got an up. But just in case 98 00:05:01,360 --> 00:05:03,200 Speaker 1: you're looking for a bit of mayo adam, here you go. 99 00:05:03,680 --> 00:05:08,440 Speaker 1: Look the interesting thing and it is a worthy entry. 100 00:05:08,960 --> 00:05:13,279 Speaker 1: But reporting season happens every six months, right, Okay, you 101 00:05:13,279 --> 00:05:18,920 Speaker 1: know it doesn't happen every six months. Reform round tables, 102 00:05:21,520 --> 00:05:23,760 Speaker 1: it does seem to happen quite regularly with this government. 103 00:05:23,800 --> 00:05:27,160 Speaker 1: They do like talking about these things, don't they. And 104 00:05:27,200 --> 00:05:30,560 Speaker 1: in particular, this is not just any ordinary round table. 105 00:05:31,040 --> 00:05:33,200 Speaker 1: This is one that might just swoop in at the 106 00:05:33,240 --> 00:05:38,120 Speaker 1: last minute and save Australia from its productivity crisis, like 107 00:05:38,200 --> 00:05:43,400 Speaker 1: a superhero, a very very dull superhero. Twenty four participants. 108 00:05:43,800 --> 00:05:47,880 Speaker 1: We had business leaders like Matt Common, Commonwealth Bank chief executive, 109 00:05:48,080 --> 00:05:51,719 Speaker 1: Lassian co founder Scott Farquhar, had union bosses. You had 110 00:05:51,760 --> 00:05:53,400 Speaker 1: a bunch of politicians, you had the governor of the 111 00:05:53,440 --> 00:05:57,520 Speaker 1: Reserve Bank. Everybody in Canberra for this this week. This 112 00:05:57,720 --> 00:05:59,640 Speaker 1: was the story of the week. This is all anyone 113 00:05:59,640 --> 00:06:02,520 Speaker 1: could talk about it out on the street. I was 114 00:06:02,560 --> 00:06:04,800 Speaker 1: just I was listening in on conversation to people just 115 00:06:04,839 --> 00:06:06,640 Speaker 1: walking along going. Did you hear what happened at the 116 00:06:06,640 --> 00:06:16,720 Speaker 1: reform round table today? Scandalous? Anyway, I'm sorry, this might 117 00:06:16,760 --> 00:06:22,479 Speaker 1: be your introduction to my melodrama. So the thing is, though, 118 00:06:23,160 --> 00:06:27,120 Speaker 1: ten things, essentially, ten kind of points came out of 119 00:06:27,160 --> 00:06:30,520 Speaker 1: the round table, and they all sound very political. They 120 00:06:30,680 --> 00:06:35,360 Speaker 1: very sound like, very policy based, very governmental right progress 121 00:06:35,360 --> 00:06:39,960 Speaker 1: towards a single national market, simplifying trade, reforming tariffs, better regulation, 122 00:06:40,160 --> 00:06:44,440 Speaker 1: building more homes, a better tax system. Well that's a 123 00:06:44,440 --> 00:06:46,280 Speaker 1: big one, isn't it. Like that's just one of the 124 00:06:46,640 --> 00:06:49,440 Speaker 1: ten points. And so there is a lot of work 125 00:06:49,480 --> 00:06:52,560 Speaker 1: still to do. The real risk, right that comes with 126 00:06:52,600 --> 00:06:54,479 Speaker 1: this government is that they talk and talk and talk 127 00:06:54,520 --> 00:06:56,680 Speaker 1: and talk and talk and don't actually act. But Prime 128 00:06:56,760 --> 00:06:58,760 Speaker 1: Minister Anthony Alberanezi did say on day one of the 129 00:06:58,800 --> 00:07:01,200 Speaker 1: stuff that they'll take straight to and a lot of 130 00:07:01,200 --> 00:07:04,240 Speaker 1: it that measures to cut red tape, the road user 131 00:07:04,360 --> 00:07:07,679 Speaker 1: charge for evs, these kinds of things. They came straight 132 00:07:07,680 --> 00:07:10,280 Speaker 1: out of it after the last day of the roundtable 133 00:07:10,360 --> 00:07:12,400 Speaker 1: and said we're going to do these things straight away. 134 00:07:12,440 --> 00:07:14,520 Speaker 1: We already knew they were going to do that. The 135 00:07:14,680 --> 00:07:18,400 Speaker 1: big challenge now, and the good news is that the 136 00:07:18,440 --> 00:07:21,080 Speaker 1: government says they're not going to have an external tax 137 00:07:21,120 --> 00:07:23,720 Speaker 1: review right, They're not going to spend more time just 138 00:07:23,800 --> 00:07:27,200 Speaker 1: talking and reviewing and studying. They know everything they need 139 00:07:27,240 --> 00:07:31,120 Speaker 1: to know. Now theoretically, the government has said they are 140 00:07:31,120 --> 00:07:34,080 Speaker 1: now going to go away and work on their policy, 141 00:07:34,160 --> 00:07:38,440 Speaker 1: their tax policy. Dare we be optimistic that it is 142 00:07:38,480 --> 00:07:42,040 Speaker 1: going to be bold? I don't think so, but it 143 00:07:42,120 --> 00:07:44,400 Speaker 1: is at least going to be something. And the polls 144 00:07:44,440 --> 00:07:47,160 Speaker 1: this week have shown that people want that. We had 145 00:07:47,320 --> 00:07:50,200 Speaker 1: a pole that actually said do not wait, do not 146 00:07:50,280 --> 00:07:53,120 Speaker 1: wait until the next election to actually do something bold, 147 00:07:53,480 --> 00:07:56,160 Speaker 1: to reform the tax system, to bring about change that's 148 00:07:56,240 --> 00:08:00,280 Speaker 1: actually going to improve productivity in this country. And the 149 00:08:00,320 --> 00:08:02,720 Speaker 1: government going into this had an increase in support in 150 00:08:02,840 --> 00:08:05,080 Speaker 1: newspoll had an increase in support and the result of 151 00:08:05,120 --> 00:08:09,000 Speaker 1: political monitor there is backing for this government. So there 152 00:08:09,160 --> 00:08:11,760 Speaker 1: is everything they need in place. Now they've got all 153 00:08:11,800 --> 00:08:14,480 Speaker 1: of the work done this week everything. They've had the 154 00:08:14,640 --> 00:08:18,040 Speaker 1: smartest people in the country in the room discussing this. 155 00:08:18,880 --> 00:08:21,360 Speaker 1: They know what they need to do. Now just go 156 00:08:21,480 --> 00:08:23,480 Speaker 1: and do it. And that became less of an entry 157 00:08:23,520 --> 00:08:26,880 Speaker 1: and more of a sermon. But it was the biggest 158 00:08:26,880 --> 00:08:28,720 Speaker 1: story of the week, you know what. It was the 159 00:08:28,720 --> 00:08:30,559 Speaker 1: biggest story of this political term. 160 00:08:30,720 --> 00:08:33,640 Speaker 3: Okay, so now the melodrama comes, well done, Thank you 161 00:08:33,720 --> 00:08:37,240 Speaker 3: brought it home with a flourish, Michael, excellent. 162 00:08:37,600 --> 00:08:40,040 Speaker 1: Oh no, it's always bad if he goes if he 163 00:08:40,080 --> 00:08:42,200 Speaker 1: says your name first, because it means you're gonna lose. 164 00:08:43,040 --> 00:08:50,920 Speaker 3: Natalie. I love the flourish, really wonderful. And the thing 165 00:08:50,960 --> 00:08:54,720 Speaker 3: about the results, of course, and I do love your opinion, 166 00:08:54,760 --> 00:08:57,880 Speaker 3: and I think insight the market is risking over valuation. 167 00:08:59,280 --> 00:09:01,480 Speaker 3: That is incredibly important when you look at the context 168 00:09:01,480 --> 00:09:04,280 Speaker 3: of these sometimes really good results and yet share price 169 00:09:04,360 --> 00:09:07,600 Speaker 3: declinients had a material impact on the value of these companies. 170 00:09:07,600 --> 00:09:09,440 Speaker 3: And that is the forward looking view, not just the 171 00:09:09,480 --> 00:09:15,520 Speaker 3: backward revision mirror. Michael, yes, Adam, so much reform, so 172 00:09:15,600 --> 00:09:19,880 Speaker 3: much to be excited about, but we don't see anything 173 00:09:19,920 --> 00:09:24,360 Speaker 3: happening yet. There's a lot of anticipation. We need action. 174 00:09:24,679 --> 00:09:26,760 Speaker 3: I think we share the view. But for that reason, 175 00:09:27,480 --> 00:09:29,600 Speaker 3: Natalie has to win biggest Story of the week. 176 00:09:30,200 --> 00:09:35,040 Speaker 1: Yeah, that means you are currently leading one nil. Congratulations. 177 00:09:35,600 --> 00:09:37,559 Speaker 1: Look how gracious I was just then. I'm trying to 178 00:09:37,600 --> 00:09:39,920 Speaker 1: set an example for all the kids listening at the 179 00:09:39,960 --> 00:09:43,280 Speaker 1: moment on the way to weekend sport. Go, mom, dad, 180 00:09:43,280 --> 00:09:44,680 Speaker 1: can we listen to the weekend edition? 181 00:09:44,760 --> 00:09:45,040 Speaker 3: Please? 182 00:09:45,160 --> 00:09:46,040 Speaker 1: Like shot kids. 183 00:09:46,920 --> 00:09:50,240 Speaker 2: It's the participation that counts. Bang. 184 00:09:50,440 --> 00:09:50,920 Speaker 1: Is that at me? 185 00:09:51,120 --> 00:09:51,920 Speaker 3: What a good wag? 186 00:09:52,160 --> 00:09:52,480 Speaker 1: No? 187 00:09:52,840 --> 00:09:55,000 Speaker 2: I mean it wasn't to you. 188 00:09:55,000 --> 00:09:58,200 Speaker 1: You're trying to teach it. Yeah, oh wow, be like 189 00:09:58,280 --> 00:09:59,480 Speaker 1: Michael and just have a go. 190 00:10:01,080 --> 00:10:02,880 Speaker 3: You won't win, but we go. 191 00:10:03,000 --> 00:10:06,239 Speaker 1: But at least it turned up all right. Most remarkable 192 00:10:06,240 --> 00:10:08,920 Speaker 1: story I'll go first on this one. I think that 193 00:10:09,120 --> 00:10:11,880 Speaker 1: it is, It has been, and it continues to be 194 00:10:12,040 --> 00:10:16,000 Speaker 1: remarkable watching global diplomacy taking place kind of in real 195 00:10:16,080 --> 00:10:19,120 Speaker 1: time over the last seven days. Because you think back 196 00:10:19,160 --> 00:10:23,720 Speaker 1: seven days ago and Donald Trump was meeting Vladimir Putin 197 00:10:23,840 --> 00:10:26,760 Speaker 1: face to face in Alaska to talk about ending the 198 00:10:26,800 --> 00:10:29,319 Speaker 1: war in Ukraine. There was no result out of that. 199 00:10:29,400 --> 00:10:32,480 Speaker 1: There was a conversation, though at least then the Ukrainian president, 200 00:10:32,559 --> 00:10:35,000 Speaker 1: vladimirs Aelenski flew to Washington to meet Trump in the 201 00:10:35,040 --> 00:10:37,000 Speaker 1: White House, which appeared to go a whole lot better 202 00:10:37,040 --> 00:10:39,040 Speaker 1: than the last time Zelenski was there when he caught 203 00:10:39,080 --> 00:10:42,880 Speaker 1: that dressing down, remember from Trump and Vice President J. D. Vance. 204 00:10:43,320 --> 00:10:45,920 Speaker 1: This time they were cracking jokes, there were smiles, they 205 00:10:45,960 --> 00:10:48,000 Speaker 1: were laughs, and it just seemed to go a whole 206 00:10:48,000 --> 00:10:52,440 Speaker 1: lot better. But what an incredible show of support as 207 00:10:52,480 --> 00:10:55,800 Speaker 1: well from Europe. The leaders of Britain and France and 208 00:10:55,840 --> 00:10:58,440 Speaker 1: Germany and Italy and Finland and NATO and the European 209 00:10:58,480 --> 00:11:02,800 Speaker 1: Commission all flying to Washington to back him up, which 210 00:11:02,840 --> 00:11:05,600 Speaker 1: I think is incredible and just amazing to see Trump 211 00:11:05,679 --> 00:11:07,600 Speaker 1: interrupted some of the talks to go and make a 212 00:11:07,640 --> 00:11:10,240 Speaker 1: phone call to Putin. This is how much this stuff 213 00:11:10,320 --> 00:11:14,520 Speaker 1: is actually happening in real time. That interrupted one of 214 00:11:14,559 --> 00:11:16,880 Speaker 1: these meetings to go and speak to the President of 215 00:11:16,960 --> 00:11:20,760 Speaker 1: Russia about this next step, a face to face meeting 216 00:11:20,800 --> 00:11:24,560 Speaker 1: with Putin and Zelenski, then another meeting with Trump involved 217 00:11:24,640 --> 00:11:28,800 Speaker 1: as well, and then hopefully, perhaps too optimistically, an end 218 00:11:28,840 --> 00:11:30,560 Speaker 1: to the war. It is going to be tough because 219 00:11:30,600 --> 00:11:32,480 Speaker 1: Putin wants land, and towards the end of the week 220 00:11:32,679 --> 00:11:35,000 Speaker 1: we had Donald Trump talking about the fact that Ukraine 221 00:11:35,080 --> 00:11:37,880 Speaker 1: should just be allowed to be more assertive in their 222 00:11:37,880 --> 00:11:40,280 Speaker 1: attacks on Russia, which is not the kind of language 223 00:11:40,320 --> 00:11:43,800 Speaker 1: that you expect when they're in the middle of peace negotiations. 224 00:11:45,120 --> 00:11:48,480 Speaker 1: But maybe after all of this progress that we just 225 00:11:48,679 --> 00:11:51,440 Speaker 1: watched playing out in front of us, we are in 226 00:11:51,520 --> 00:11:55,079 Speaker 1: the end stages of the conflict. You have to hope, right, 227 00:11:55,120 --> 00:11:56,960 Speaker 1: But it was just remarkable seeing that play out this 228 00:11:57,040 --> 00:11:59,800 Speaker 1: week is a that to me was the most remarkable 229 00:11:59,800 --> 00:12:00,920 Speaker 1: stuf of the week. 230 00:12:01,280 --> 00:12:04,280 Speaker 2: And I don't disagree. I think one of the interesting 231 00:12:04,320 --> 00:12:08,800 Speaker 2: things to be emerging from the Trump administration is that 232 00:12:09,040 --> 00:12:11,920 Speaker 2: immediacy in terms of the access to information, the access 233 00:12:11,920 --> 00:12:13,880 Speaker 2: to stories, and that came up in one of the 234 00:12:14,440 --> 00:12:17,080 Speaker 2: press conferences where one of the other European leaders saying, 235 00:12:17,280 --> 00:12:20,360 Speaker 2: I don't like talking to the media, but you seem 236 00:12:20,400 --> 00:12:22,680 Speaker 2: to really enjoy it. And the fact that we do 237 00:12:22,800 --> 00:12:25,920 Speaker 2: get that immediacy and that information and that ability to 238 00:12:25,960 --> 00:12:28,840 Speaker 2: be able to follow in real time. Obviously there are 239 00:12:28,920 --> 00:12:32,839 Speaker 2: some limits to that, but I do think in these 240 00:12:32,880 --> 00:12:37,680 Speaker 2: situations where we are looking at geopolitical crises, that is 241 00:12:37,720 --> 00:12:41,800 Speaker 2: really interesting to have that insight and to see hopefully 242 00:12:42,600 --> 00:12:43,400 Speaker 2: change coming. 243 00:12:44,760 --> 00:12:47,280 Speaker 1: I completely agree, and I would like to ensure that 244 00:12:47,320 --> 00:12:50,200 Speaker 1: what ever, Natalie just said those points go to me 245 00:12:50,760 --> 00:12:52,520 Speaker 1: and not to hurt, because I think that added real 246 00:12:52,679 --> 00:12:53,720 Speaker 1: value to my stories. 247 00:12:53,760 --> 00:12:55,320 Speaker 3: I think what a cooperative spirit. 248 00:12:55,720 --> 00:12:58,320 Speaker 1: We're all friends. Now, yeah, for now, all right, what 249 00:12:58,400 --> 00:12:58,840 Speaker 1: have you got? 250 00:12:59,520 --> 00:12:59,760 Speaker 3: Okay? 251 00:12:59,800 --> 00:13:01,319 Speaker 2: So, workplace bullying. 252 00:13:03,640 --> 00:13:05,120 Speaker 3: Not speaking of Trump. 253 00:13:05,760 --> 00:13:07,960 Speaker 2: No, bear with me again, belieing at this with a 254 00:13:08,000 --> 00:13:12,200 Speaker 2: real human human lens. So, workplace billying affects one in 255 00:13:12,240 --> 00:13:14,480 Speaker 2: ten Australian workers. But do you know who you don't 256 00:13:14,600 --> 00:13:17,280 Speaker 2: expect to see participating in name calling and a social 257 00:13:17,320 --> 00:13:23,000 Speaker 2: media spray? World leaders with some clear and obvious exceptions. 258 00:13:23,040 --> 00:13:25,080 Speaker 2: But for the purpose of this argument, stick with me. 259 00:13:25,480 --> 00:13:26,200 Speaker 1: Yep, We're with you. 260 00:13:26,960 --> 00:13:31,199 Speaker 2: Israeli Prime Minister Benjamin Nettinier, who took Australian Israeli relationships 261 00:13:31,240 --> 00:13:35,600 Speaker 2: to really a new low, calling PM Anthony Albanesi weak 262 00:13:36,000 --> 00:13:39,880 Speaker 2: and accusing him of abandoning Australia's Jewish community. The Israeli 263 00:13:40,000 --> 00:13:44,680 Speaker 2: leader escalating that verbal assault further in a really pretty 264 00:13:44,800 --> 00:13:48,800 Speaker 2: rare interview with Australian media outlet sky News, saying that 265 00:13:48,840 --> 00:13:52,920 Speaker 2: Albanesi's record is forever tarnished. The rift, of course, follows 266 00:13:52,920 --> 00:13:56,280 Speaker 2: the Albanesi government's decision to recognize the Perstinian state at 267 00:13:56,320 --> 00:13:58,959 Speaker 2: the UN next month and to block entry to far 268 00:13:59,040 --> 00:14:03,280 Speaker 2: right Israeli he Simra Rothmam prompting Israel to revoke visas 269 00:14:03,320 --> 00:14:06,360 Speaker 2: for Australian diplomats in the West Bank. But actually not 270 00:14:06,480 --> 00:14:09,160 Speaker 2: dissimilar to Michael's story, the thing that I kind of 271 00:14:09,160 --> 00:14:12,160 Speaker 2: want to draw attention to from this is actually the 272 00:14:12,200 --> 00:14:17,760 Speaker 2: response to those initial remarks Nettuna, who's scathing social media 273 00:14:17,800 --> 00:14:21,440 Speaker 2: post in fact angering Jewish community leaders that Albanesi had 274 00:14:21,440 --> 00:14:25,880 Speaker 2: supposedly abandoned, who labeled the comments unseemly. You also had 275 00:14:25,880 --> 00:14:28,440 Speaker 2: Home Affairs Minister Tony Burke coming through saying strength is 276 00:14:28,480 --> 00:14:30,640 Speaker 2: not measured by how many people you can blow up 277 00:14:30,680 --> 00:14:33,200 Speaker 2: or how many children you can leave Hungary, and even 278 00:14:33,240 --> 00:14:37,880 Speaker 2: opposition figures including Susan Lee Andrew Hasty, rallying behind the PM, 279 00:14:37,960 --> 00:14:42,040 Speaker 2: insisting that Australia's leader deserves respect, and as for Anthony 280 00:14:42,040 --> 00:14:45,800 Speaker 2: Abernezi himself, while he's yet to respond to the latest remarks, 281 00:14:46,160 --> 00:14:49,560 Speaker 2: insisted he doesn't take these things personally, so proof that 282 00:14:50,040 --> 00:14:52,280 Speaker 2: you can't really see name calling getting in the way 283 00:14:52,320 --> 00:14:56,680 Speaker 2: of development. But also again akin to Michael's story, that 284 00:14:57,000 --> 00:14:59,880 Speaker 2: idea of the coming together and coming through with a 285 00:15:00,160 --> 00:15:01,200 Speaker 2: of a chess squad. 286 00:15:02,920 --> 00:15:03,680 Speaker 1: Tough one today. 287 00:15:04,040 --> 00:15:08,320 Speaker 3: Remarkable, both of them. Incredible stories and what a week. 288 00:15:08,600 --> 00:15:10,680 Speaker 3: You know, it's not many times in your life that 289 00:15:10,720 --> 00:15:14,000 Speaker 3: you have these as big events happen on an international scale. 290 00:15:14,560 --> 00:15:19,400 Speaker 3: I think Netanyahu and the Israel Gaza situation is increasingly desperate, 291 00:15:20,160 --> 00:15:24,360 Speaker 3: and that is manifesting itself in the Prime Minister Netanyahu's remarks. 292 00:15:24,360 --> 00:15:28,280 Speaker 3: I think they were awful and really unhelpful to the situation. 293 00:15:28,560 --> 00:15:31,680 Speaker 3: It was remarkable. I was proud of the way we 294 00:15:32,040 --> 00:15:35,840 Speaker 3: bilaterally stood up that our politicians actually all got behind 295 00:15:35,880 --> 00:15:38,480 Speaker 3: as a single voice, because I think Albanezi was right 296 00:15:39,200 --> 00:15:43,160 Speaker 3: on this occasion. Michael, I have to give this story 297 00:15:43,200 --> 00:15:47,440 Speaker 3: to you. The diplomacy happening in real time. It is 298 00:15:47,680 --> 00:15:51,880 Speaker 3: like almost a feudal court of different centuries gone by, 299 00:15:52,400 --> 00:15:55,800 Speaker 3: where all the world's leaders come and pay fealty to 300 00:15:55,880 --> 00:15:58,560 Speaker 3: their lord, in this case Trump. He loves it, and 301 00:15:58,600 --> 00:16:02,040 Speaker 3: he orchestrates the media like a conductor. It is quite 302 00:16:02,200 --> 00:16:05,440 Speaker 3: something to behold. He makes himself the story and you 303 00:16:05,440 --> 00:16:08,200 Speaker 3: can tell he loves it, and he doesn't mind changing 304 00:16:08,200 --> 00:16:09,840 Speaker 3: the plot from time to time or any of the 305 00:16:09,840 --> 00:16:13,000 Speaker 3: facts along the way. But what we saw is I 306 00:16:13,000 --> 00:16:17,320 Speaker 3: think Europe as a group getting together to galvanize behind 307 00:16:17,520 --> 00:16:20,760 Speaker 3: Ukraine and just play his game the way he wants 308 00:16:20,840 --> 00:16:23,680 Speaker 3: to play it and get somewhere. So I hope progress 309 00:16:23,720 --> 00:16:26,960 Speaker 3: can be made. But the whole thing just so remarkable. 310 00:16:28,280 --> 00:16:31,000 Speaker 1: All right, It is now one all, which means we 311 00:16:31,040 --> 00:16:32,160 Speaker 1: are going a good game. 312 00:16:32,320 --> 00:16:34,160 Speaker 2: This is so fun. 313 00:16:35,120 --> 00:16:45,800 Speaker 1: All right, quick break, We'll be back in a moment. Natalie. 314 00:16:45,840 --> 00:16:49,680 Speaker 1: It is time for our mystery category. It is one all, 315 00:16:49,720 --> 00:16:52,120 Speaker 1: of course, and so we go into our mystery category 316 00:16:52,160 --> 00:16:54,000 Speaker 1: that we change every week so that Adam doesn't know 317 00:16:54,000 --> 00:16:58,880 Speaker 1: what's coming. It's horribly it looks slightly nervous about this 318 00:16:58,960 --> 00:17:02,960 Speaker 1: at the moment. Anyway, we have chosen this week our 319 00:17:03,040 --> 00:17:10,040 Speaker 1: category is fixing mistakes. It is stories about fixing mistakes 320 00:17:10,119 --> 00:17:13,440 Speaker 1: or perhaps with the benefit of hindsight, that you would 321 00:17:13,480 --> 00:17:15,760 Speaker 1: have done things differently, like. 322 00:17:15,760 --> 00:17:16,920 Speaker 3: My attempts at hardware. 323 00:17:17,600 --> 00:17:19,960 Speaker 1: Oh yes, yeah, no, I just don't even try now, 324 00:17:20,280 --> 00:17:26,760 Speaker 1: Like it's just that's a debarcle high risk physical danger. Anyway, Natalie, 325 00:17:26,760 --> 00:17:28,240 Speaker 1: would you like to go first on this one. 326 00:17:28,119 --> 00:17:31,600 Speaker 2: Please please? So I am going to be talking about 327 00:17:31,800 --> 00:17:36,359 Speaker 2: Quantus now. Quantus were to begin. Quantus was fined ninety 328 00:17:36,520 --> 00:17:39,920 Speaker 2: million dollars. This is the largest workplace penalty in Australian 329 00:17:39,960 --> 00:17:43,560 Speaker 2: corporate history for illegally sacking eighteen hundred ground staff in 330 00:17:43,600 --> 00:17:46,760 Speaker 2: twenty twenty during the pandemic. I'm just going to elevate 331 00:17:46,800 --> 00:17:51,480 Speaker 2: to Justice Michael Lee as really the star of this story. 332 00:17:51,800 --> 00:17:55,520 Speaker 2: He ruled the outsourcing was carefully planned aimed at undermining 333 00:17:55,560 --> 00:17:59,879 Speaker 2: workers industrial rights. Also critical of former CEO Alan Joyce 334 00:18:00,040 --> 00:18:02,920 Speaker 2: and the airliness attempts to obscure decision making, in addition 335 00:18:03,080 --> 00:18:07,120 Speaker 2: to noting current CEO Vanessa Hudson's failure to testify, saying 336 00:18:07,160 --> 00:18:10,760 Speaker 2: Quanta showed the wrong kind of sorry. Now, when I 337 00:18:10,920 --> 00:18:13,320 Speaker 2: reported on this earlier in this in the week, we 338 00:18:13,400 --> 00:18:18,359 Speaker 2: said that this sounded like a country music record, the 339 00:18:18,400 --> 00:18:22,040 Speaker 2: wrong kind of story. And so what I did is 340 00:18:22,080 --> 00:18:24,480 Speaker 2: I took to the Internet and I looked up the 341 00:18:24,520 --> 00:18:28,840 Speaker 2: titles of other popular apology songs. Bear with me, so 342 00:18:28,880 --> 00:18:33,960 Speaker 2: we've got shared. If I could turn back time. Elton John, 343 00:18:34,840 --> 00:18:37,199 Speaker 2: sorry seems to be the hardest word. Also a few 344 00:18:37,280 --> 00:18:41,520 Speaker 2: for the youngsters out there, the kid Lroy wrong and 345 00:18:42,119 --> 00:18:47,200 Speaker 2: my personal fav Demi Lovato Sorry, not sorry. 346 00:18:48,320 --> 00:18:51,560 Speaker 1: You know that this is a very smart strategic move 347 00:18:51,600 --> 00:18:55,639 Speaker 1: from you, because Adam is a music nut and he 348 00:18:55,680 --> 00:18:58,800 Speaker 1: has worked in the music industry. 349 00:18:58,840 --> 00:19:02,200 Speaker 2: And I'm not even finished. The other thing that makes 350 00:19:02,200 --> 00:19:05,440 Speaker 2: this story really pretty agenda setting is the question around 351 00:19:05,720 --> 00:19:09,280 Speaker 2: who caught the cash. Essentially the Transport Workers' Union, which 352 00:19:09,320 --> 00:19:12,000 Speaker 2: four Quantas, through multiple appeals all the way to the 353 00:19:12,040 --> 00:19:15,040 Speaker 2: High Court, argued the full penalty should be paid directly 354 00:19:15,080 --> 00:19:18,840 Speaker 2: to the union, although business groups were concerned that it 355 00:19:18,880 --> 00:19:22,160 Speaker 2: could embolden unions to pursue more costly litigation. Just as 356 00:19:22,160 --> 00:19:25,000 Speaker 2: Michael Lee, again the hero of this story, ruling that 357 00:19:25,160 --> 00:19:28,199 Speaker 2: the penalty of the penalty fifty million dollars would go 358 00:19:28,359 --> 00:19:31,119 Speaker 2: to the union and forty million dollars being reserved for 359 00:19:31,160 --> 00:19:35,440 Speaker 2: potential payments to affected employees. Now, if this story wasn't enough, 360 00:19:35,640 --> 00:19:40,000 Speaker 2: also just wanted to mention an incidant that followed the ruling, 361 00:19:40,160 --> 00:19:42,840 Speaker 2: whereby Quantus staff were told to remove copies of the 362 00:19:42,880 --> 00:19:46,560 Speaker 2: Australian Financial Review from the chairman's lounge. The front plage 363 00:19:46,640 --> 00:19:50,600 Speaker 2: splashed with this story, before putting them back again once 364 00:19:50,680 --> 00:19:56,760 Speaker 2: higher ups were notified. Sorry not sorry, ah what the. 365 00:19:58,720 --> 00:20:02,040 Speaker 1: You know what's nice, Adam? It is nice to finally 366 00:20:02,119 --> 00:20:04,840 Speaker 1: have someone who takes more time than I do to 367 00:20:04,880 --> 00:20:11,160 Speaker 1: do a story because Saw and Adam regularly just give 368 00:20:11,200 --> 00:20:14,920 Speaker 1: it to me because I have an inability to get 369 00:20:14,960 --> 00:20:18,840 Speaker 1: to the point. Oh okay, all right what I was saying. 370 00:20:19,359 --> 00:20:21,960 Speaker 1: And it feels like now you've cramped so much detail 371 00:20:22,000 --> 00:20:24,320 Speaker 1: in there that you've taken all the pressure off me, 372 00:20:24,440 --> 00:20:26,800 Speaker 1: and in doing so, have allowed me to take even longer. 373 00:20:27,000 --> 00:20:29,720 Speaker 1: So thank you. And I'm sure, I'm sure. 374 00:20:29,560 --> 00:20:33,440 Speaker 3: Listeners mistakes go that one is a ripper, So good luck, 375 00:20:34,920 --> 00:20:35,439 Speaker 3: I've got this. 376 00:20:37,440 --> 00:20:39,719 Speaker 1: And this is actually a really serious one. It affects 377 00:20:39,760 --> 00:20:42,840 Speaker 1: a lot of people, a lot of families in this country. 378 00:20:42,960 --> 00:20:47,800 Speaker 1: It is a massive, massive overhaul of the National Disability 379 00:20:47,840 --> 00:20:52,440 Speaker 1: Insurance Scheme, the NDIS. It is the NDIS. The scheme 380 00:20:52,480 --> 00:20:58,320 Speaker 1: itself is growing really really quickly, so much faster than 381 00:20:58,760 --> 00:21:02,919 Speaker 1: the government had predicted, not just this government but previous 382 00:21:02,960 --> 00:21:05,840 Speaker 1: governments when it was introduced. Right, it is increasing by 383 00:21:05,840 --> 00:21:09,640 Speaker 1: more than ten percent every year. The amount of money 384 00:21:09,640 --> 00:21:12,639 Speaker 1: we're talking about forty six billion dollars then forecast to 385 00:21:12,640 --> 00:21:15,479 Speaker 1: go to fifty something billion dollars next year and so on, 386 00:21:15,680 --> 00:21:19,840 Speaker 1: and it just keeps on growing. Disability Services Minister Mark 387 00:21:19,880 --> 00:21:22,240 Speaker 1: Butler was speaking at the National Press Club this week 388 00:21:22,280 --> 00:21:26,199 Speaker 1: and he said the scheme isn't the right fit for 389 00:21:26,320 --> 00:21:31,040 Speaker 1: thousands of children with autism or developmental delays, and he 390 00:21:31,160 --> 00:21:34,520 Speaker 1: gave some stats and this is actually really quite confronting. 391 00:21:34,920 --> 00:21:39,920 Speaker 1: One in six six year old boys in Australia now 392 00:21:39,960 --> 00:21:42,879 Speaker 1: on the NDIS and that is not what it was 393 00:21:42,920 --> 00:21:45,719 Speaker 1: intended to be when it was initially set up. They 394 00:21:45,760 --> 00:21:52,240 Speaker 1: were not forecasting that. Instead, what they're going to do 395 00:21:52,359 --> 00:21:55,200 Speaker 1: those children will be directed to a new program called 396 00:21:55,240 --> 00:21:58,600 Speaker 1: Thriving Kids, which focuses on supporting schools and childcare and 397 00:21:58,640 --> 00:22:03,200 Speaker 1: community centers rather than giving individualized budgets that can be 398 00:22:03,280 --> 00:22:05,800 Speaker 1: kind of from ten thousand dollars to thirty thousand dollars 399 00:22:06,080 --> 00:22:09,280 Speaker 1: kind of in that ballpark, to families to essentially manage 400 00:22:09,320 --> 00:22:15,520 Speaker 1: their own care right. The goal here is a massive challenge. 401 00:22:15,560 --> 00:22:17,960 Speaker 1: It is budget repair. It is to try and make 402 00:22:18,040 --> 00:22:22,040 Speaker 1: this hemoth of a program sustainable for the budget while 403 00:22:22,160 --> 00:22:26,080 Speaker 1: still caring for the people who need that support. It 404 00:22:26,160 --> 00:22:28,240 Speaker 1: is a massive task and you would not want to 405 00:22:28,240 --> 00:22:31,600 Speaker 1: be the person task with doing it right. The NDIS 406 00:22:31,720 --> 00:22:36,160 Speaker 1: is one of the single biggest costs for the budget 407 00:22:36,200 --> 00:22:39,399 Speaker 1: for Australians. A couple of little bits and pieces of this. 408 00:22:39,520 --> 00:22:42,800 Speaker 1: The States weren't aware of the announcement before it was made, 409 00:22:42,800 --> 00:22:44,760 Speaker 1: so it is going to be a bumpy process. A 410 00:22:44,840 --> 00:22:47,439 Speaker 1: lot of anxious families not sure as to how this 411 00:22:47,600 --> 00:22:50,199 Speaker 1: is going to affect them as it rolls out. But 412 00:22:50,280 --> 00:22:52,359 Speaker 1: the Minister has been out there saying that that anyone 413 00:22:52,400 --> 00:22:54,280 Speaker 1: who's getting support, they're not going to be taken off, 414 00:22:54,320 --> 00:22:56,480 Speaker 1: They're not going to lose it. It is just going 415 00:22:56,560 --> 00:23:00,199 Speaker 1: to become support in a different form over the next 416 00:23:00,400 --> 00:23:04,720 Speaker 1: kind of one, two, three years. But this is one 417 00:23:04,760 --> 00:23:09,960 Speaker 1: of those cases where demand has far far exceeded expectations 418 00:23:10,040 --> 00:23:13,679 Speaker 1: and all forecasts. It has blown so far beyond what 419 00:23:13,680 --> 00:23:18,040 Speaker 1: they were predicting, and that maybe a different setup might 420 00:23:18,080 --> 00:23:23,399 Speaker 1: have been better for the budget and remove that anxiety 421 00:23:23,880 --> 00:23:27,240 Speaker 1: and uncertainty for families if it had been in place 422 00:23:27,320 --> 00:23:29,399 Speaker 1: right from the very start. But it's just it is 423 00:23:29,440 --> 00:23:31,359 Speaker 1: a big story, and as I say, it's a serious one, 424 00:23:31,400 --> 00:23:33,080 Speaker 1: affecting a whole lot of people who have got a 425 00:23:33,119 --> 00:23:35,159 Speaker 1: lot more anxiety now in their lives than they did 426 00:23:35,200 --> 00:23:39,119 Speaker 1: at the start of this week. That's very serious, very worthy, 427 00:23:39,200 --> 00:23:39,680 Speaker 1: wasn't it. 428 00:23:40,000 --> 00:23:42,359 Speaker 3: Yeah? Oh look, you know you breathe deep on it 429 00:23:42,520 --> 00:23:45,320 Speaker 3: where all parents in this room, and I know many 430 00:23:45,359 --> 00:23:47,080 Speaker 3: of our listeners are. Even if you're not, I think 431 00:23:47,119 --> 00:23:51,520 Speaker 3: you just logically and emotionally really feel for people who 432 00:23:51,560 --> 00:23:55,640 Speaker 3: are going through those afflictions of various sorts and need support. 433 00:23:55,840 --> 00:23:57,840 Speaker 3: And there's so much to be proud of in the 434 00:23:57,920 --> 00:24:01,199 Speaker 3: National Disability Insurance scheme. It an international level. There was 435 00:24:01,240 --> 00:24:03,439 Speaker 3: something that we probably just couldn't afford and didn't do 436 00:24:03,520 --> 00:24:06,080 Speaker 3: for many, many years, and now we can. To me 437 00:24:06,160 --> 00:24:10,080 Speaker 3: those statistics are one in six six year olds. That 438 00:24:10,200 --> 00:24:12,560 Speaker 3: is just imagine the impact not just on them as 439 00:24:12,600 --> 00:24:14,560 Speaker 3: individuals and how they see the world, but the support 440 00:24:14,600 --> 00:24:17,120 Speaker 3: they need to get through it. I love the fact 441 00:24:17,160 --> 00:24:20,919 Speaker 3: that it's being integrated back into schools and support is 442 00:24:20,920 --> 00:24:24,240 Speaker 3: within the community networks that are there rather than being 443 00:24:24,280 --> 00:24:29,120 Speaker 3: sectioned off. So I applaud the better system, of course, 444 00:24:29,800 --> 00:24:32,080 Speaker 3: and I hope its impact is so big one in 445 00:24:32,200 --> 00:24:36,640 Speaker 3: six boys. The economic impact of this is why your 446 00:24:36,680 --> 00:24:40,040 Speaker 3: story has to win, Michael, and without being overly somber, 447 00:24:40,520 --> 00:24:42,240 Speaker 3: I really did enjoy the way it was done and 448 00:24:42,280 --> 00:24:45,480 Speaker 3: the way it's embraced. You know, there's actually bilateral, seemingly 449 00:24:45,600 --> 00:24:49,280 Speaker 3: support for this, so there may not be perfect support 450 00:24:49,280 --> 00:24:51,480 Speaker 3: in terms of the execution. We will see, but I 451 00:24:51,480 --> 00:24:56,600 Speaker 3: think the intent is really good quantus Wow, what a 452 00:24:56,640 --> 00:25:01,160 Speaker 3: whack and so elegantly delivered by Justice Michael. He's good. 453 00:25:01,800 --> 00:25:03,880 Speaker 3: He is very compelling to watch. 454 00:25:04,040 --> 00:25:08,480 Speaker 2: Well, and he's currently on the Lehman Wilkinson de Nation case. Again. 455 00:25:09,520 --> 00:25:11,560 Speaker 3: This is where he got you know that he went 456 00:25:11,640 --> 00:25:14,480 Speaker 3: back for his hatline. You know, it was oh my god. 457 00:25:14,560 --> 00:25:19,520 Speaker 3: So he's fascinating and what a story. It's so bad, 458 00:25:19,960 --> 00:25:22,199 Speaker 3: you know, and that it's taken this long and what 459 00:25:22,280 --> 00:25:24,240 Speaker 3: those workers went through in the interim to go hang on, 460 00:25:24,280 --> 00:25:27,600 Speaker 3: this feels wrong. Five years, six years on, you know, 461 00:25:27,720 --> 00:25:30,960 Speaker 3: we're still kind of in this situation where they're resolving it. 462 00:25:32,080 --> 00:25:34,919 Speaker 3: So look, it's great to see that outcome an impact 463 00:25:34,920 --> 00:25:37,359 Speaker 3: of many workers. But in terms of economic scale, the 464 00:25:37,440 --> 00:25:40,800 Speaker 3: NDIS and this new Thriving Kids program has to win. 465 00:25:41,240 --> 00:25:44,280 Speaker 2: And genuinely I would agree. While I am loath to 466 00:25:44,440 --> 00:25:47,159 Speaker 2: hand the point over to Michael, I do think I 467 00:25:47,200 --> 00:25:51,800 Speaker 2: think this reflects a real change in our understanding of 468 00:25:52,320 --> 00:25:57,120 Speaker 2: youth mental health, of you disorders, and I don't really 469 00:25:57,160 --> 00:25:59,760 Speaker 2: love using that word around autism and ADHD, and this 470 00:26:00,119 --> 00:26:03,879 Speaker 2: pought that children and families need. I do think, because 471 00:26:03,920 --> 00:26:06,760 Speaker 2: I do a lot of advocacy and conversations in this space. 472 00:26:06,920 --> 00:26:09,359 Speaker 2: I do think that some of the language being used 473 00:26:09,560 --> 00:26:13,600 Speaker 2: is a touch outdated and harmful, but again we learn, 474 00:26:13,800 --> 00:26:16,080 Speaker 2: and we come at it with assuming best intentions and 475 00:26:16,160 --> 00:26:19,640 Speaker 2: wanting to ensure that children and young Australians are getting 476 00:26:19,680 --> 00:26:22,080 Speaker 2: the help and support that we need, but also acknowledging 477 00:26:22,119 --> 00:26:24,640 Speaker 2: that it is really scary and it is really uncertain 478 00:26:24,680 --> 00:26:27,280 Speaker 2: for families right now, and so there is a lot 479 00:26:27,320 --> 00:26:31,120 Speaker 2: more conversations and communication needs to happen around this so 480 00:26:31,160 --> 00:26:34,400 Speaker 2: that everyone knows where they're at and knows that they 481 00:26:34,440 --> 00:26:36,720 Speaker 2: and their families and their children are going to be supported. 482 00:26:37,359 --> 00:26:40,720 Speaker 1: Yeah, well said I still get the point though, right 483 00:26:42,720 --> 00:26:47,480 Speaker 1: ring back, Yes, no, not to me, to the competitions, 484 00:26:47,640 --> 00:26:50,640 Speaker 1: because in the competition we've competition. 485 00:26:50,880 --> 00:26:54,480 Speaker 2: Well how about hope we bring it back to the children. 486 00:26:55,240 --> 00:26:57,760 Speaker 1: The children who want to hear a good competition and 487 00:26:57,800 --> 00:26:59,160 Speaker 1: want to hear me when. 488 00:26:59,320 --> 00:27:01,680 Speaker 3: These are the kid melodrama on the way, Can I 489 00:27:01,720 --> 00:27:04,880 Speaker 3: give some melodrama? Oh? Yeah, okay, So it's two stories 490 00:27:04,880 --> 00:27:09,719 Speaker 3: to one, Michael to Natalie. The scores are even? 491 00:27:10,200 --> 00:27:13,719 Speaker 1: Oh because yes, Adam then does an individual like scout 492 00:27:13,720 --> 00:27:16,680 Speaker 1: of twenty round each story? I score it as well 493 00:27:16,680 --> 00:27:18,840 Speaker 1: as give a story count I in case. 494 00:27:18,640 --> 00:27:19,600 Speaker 3: We need to have a break. 495 00:27:19,680 --> 00:27:23,320 Speaker 2: I should have gone through this before we started. 496 00:27:23,480 --> 00:27:25,000 Speaker 1: There is a reason why I didn't tell you any 497 00:27:25,040 --> 00:27:25,200 Speaker 1: of this. 498 00:27:25,440 --> 00:27:28,600 Speaker 3: We missed that from the induction pro No, no, I am a. 499 00:27:28,320 --> 00:27:29,560 Speaker 2: Your onboarding process. 500 00:27:29,640 --> 00:27:30,480 Speaker 3: Next. 501 00:27:30,840 --> 00:27:35,200 Speaker 1: It was deliberately omitted because I am a fierce competitor 502 00:27:35,240 --> 00:27:37,240 Speaker 1: and if I can get an advantage by not telling 503 00:27:37,280 --> 00:27:40,159 Speaker 1: you how the competition works, then I'm going to take it. 504 00:27:40,240 --> 00:27:41,840 Speaker 3: Yeah. I had to convince Michael just to turn your 505 00:27:41,840 --> 00:27:42,399 Speaker 3: microphone on. 506 00:27:45,840 --> 00:27:49,320 Speaker 1: What an easy victory. You can't hear, Natalie doesn't count? 507 00:27:50,000 --> 00:27:53,600 Speaker 1: All right, I'll go first on this one so that 508 00:27:53,680 --> 00:27:57,680 Speaker 1: you can finish strong with our favorite story of the week. 509 00:27:59,440 --> 00:28:05,040 Speaker 1: I don't know. I've got not doubts about my story 510 00:28:05,119 --> 00:28:08,000 Speaker 1: choice here, but now I know that, now I know 511 00:28:08,080 --> 00:28:10,720 Speaker 1: how close this is, I'm a little all on the line. 512 00:28:11,080 --> 00:28:13,080 Speaker 1: Favorite story does feel like this one could be in 513 00:28:13,080 --> 00:28:15,960 Speaker 1: the favorite story category, probably not in the biggest story 514 00:28:16,000 --> 00:28:18,359 Speaker 1: category of the week, but it could go under another 515 00:28:18,400 --> 00:28:23,679 Speaker 1: category of only in America, right, okay? Walmart has issued 516 00:28:23,760 --> 00:28:29,199 Speaker 1: an urgent recall notice for frozen shrimp sold across a 517 00:28:29,320 --> 00:28:33,560 Speaker 1: bunch of states. Why you may ask perhaps they are 518 00:28:33,640 --> 00:28:35,959 Speaker 1: past their use by a date, perhaps there is a 519 00:28:36,080 --> 00:28:40,360 Speaker 1: small risk of salmonella or something was on the blink. 520 00:28:41,320 --> 00:28:45,000 Speaker 1: If only it was that simple, Adam, this is far 521 00:28:45,040 --> 00:28:49,440 Speaker 1: more exotic. The shrimp were recalled because of fears that 522 00:28:49,480 --> 00:28:52,080 Speaker 1: they may in fact be radioactive. 523 00:28:53,360 --> 00:28:55,480 Speaker 3: This isn't an episode of the Simpson. 524 00:28:55,160 --> 00:28:59,520 Speaker 1: It sounds like that, right. The shrimp had been in front. Yeah, 525 00:28:59,560 --> 00:29:03,200 Speaker 1: the shrimp I'd been imported from Indonesia, and the FDA, 526 00:29:03,320 --> 00:29:07,320 Speaker 1: the Food and Drug Administration, warned that they may be 527 00:29:07,400 --> 00:29:12,400 Speaker 1: contaminated with caesium one thirty seven caesium one three seven, 528 00:29:13,480 --> 00:29:17,760 Speaker 1: which is a radioactive byproduct of nuclear reactions. So we're 529 00:29:17,800 --> 00:29:20,040 Speaker 1: on Earth where each shrimp from, and they're just swimming 530 00:29:20,080 --> 00:29:23,400 Speaker 1: around in a reactor. The risk they said was low. 531 00:29:23,560 --> 00:29:26,200 Speaker 1: This was from the FDA and the and they did 532 00:29:26,240 --> 00:29:28,840 Speaker 1: give a whole bunch of batch numbers that you can 533 00:29:28,880 --> 00:29:31,239 Speaker 1: go and look up. There's like twelve digit numbers if 534 00:29:31,280 --> 00:29:33,400 Speaker 1: you wanted to go and compare your batch number if 535 00:29:33,440 --> 00:29:36,400 Speaker 1: you had these frozen shrimp in your in your freezer, 536 00:29:36,520 --> 00:29:38,640 Speaker 1: to check that and take it back to the store 537 00:29:38,720 --> 00:29:39,600 Speaker 1: for a full refund. 538 00:29:39,600 --> 00:29:40,240 Speaker 3: But may I. 539 00:29:40,240 --> 00:29:43,760 Speaker 1: Suggest a very simple rule of thumb to make sure 540 00:29:43,800 --> 00:29:48,560 Speaker 1: that you are not eating radioactive shrimp. If it is green, 541 00:29:49,160 --> 00:29:51,400 Speaker 1: if it is glowing, and if it's ten times the 542 00:29:51,440 --> 00:29:54,640 Speaker 1: size of a normal shrimp, don't eat it. It may 543 00:29:54,920 --> 00:29:58,080 Speaker 1: have been contaminated by caesium one three seven. It is 544 00:29:58,160 --> 00:30:02,360 Speaker 1: my favorite story of the week by a significant margin, 545 00:30:03,240 --> 00:30:06,120 Speaker 1: and I love the fact that Bloomberg reported that it 546 00:30:06,880 --> 00:30:12,680 Speaker 1: gave it so much. Anyway, what have you got good 547 00:30:12,760 --> 00:30:16,360 Speaker 1: luck beating a glowing, pulsating shrimp. 548 00:30:18,720 --> 00:30:21,680 Speaker 2: Okay, Michael, I'd like to open with a question, in 549 00:30:21,720 --> 00:30:25,440 Speaker 2: fact for me or for for you. Okay, Now, have 550 00:30:25,480 --> 00:30:27,960 Speaker 2: you ever owned a Chanell handbag? 551 00:30:29,720 --> 00:30:33,640 Speaker 3: Good question? I have not? Have you. 552 00:30:36,240 --> 00:30:36,680 Speaker 1: Not? 553 00:30:36,680 --> 00:30:40,200 Speaker 2: Not yet? But I'm not limiting like future future me. 554 00:30:41,040 --> 00:30:43,400 Speaker 2: I'm not putting, you know, hard boundaries on myself that 555 00:30:43,480 --> 00:30:44,160 Speaker 2: I may never. 556 00:30:44,200 --> 00:30:45,160 Speaker 1: You're manifesting it. 557 00:30:45,320 --> 00:30:48,840 Speaker 2: Manifesting yes, love that. Okay. So now we've ascertained that 558 00:30:49,280 --> 00:30:51,800 Speaker 2: you have never owned a Shnell handbag, in which case 559 00:30:51,960 --> 00:30:55,080 Speaker 2: this story might just go over your head for so slightly. 560 00:30:56,280 --> 00:31:01,480 Speaker 2: Paris has seen a surge in a million euro luxury 561 00:31:01,600 --> 00:31:05,520 Speaker 2: handbag heists, in fact overtaking jewelry as the prize for 562 00:31:05,720 --> 00:31:10,040 Speaker 2: organized gangs. Criminals are targeting brands like ermez Chanelle, Dior 563 00:31:10,200 --> 00:31:13,520 Speaker 2: and Louis Vaton and Louis Verton's Paris offices and boutiques. 564 00:31:13,520 --> 00:31:17,000 Speaker 2: I've actually been ram raided multiple times with losses topping 565 00:31:17,000 --> 00:31:21,880 Speaker 2: one million euros. Now, why handbags, I hear you, Michael asking. Well, 566 00:31:22,000 --> 00:31:25,120 Speaker 2: unlike jewelry, luxury bags are actually harder to trace. They're 567 00:31:25,160 --> 00:31:29,280 Speaker 2: easier to resell thanks to booming global demand and secondhand 568 00:31:29,280 --> 00:31:32,680 Speaker 2: marketing countries like Beijing, Dubai, London. And while I don't 569 00:31:33,280 --> 00:31:39,720 Speaker 2: endorse crime, I do just to make that I do 570 00:31:40,080 --> 00:31:46,680 Speaker 2: understand this trend because gentlemen, I am a circular fashion girlie. 571 00:31:47,360 --> 00:31:51,040 Speaker 2: In fact, everything that I'm wearing this may be a 572 00:31:51,080 --> 00:31:55,000 Speaker 2: surprise to you is circular fashion. Now, because we're turning 573 00:31:55,000 --> 00:31:58,720 Speaker 2: this into a goodnews story, Australia's circular fashion economy has 574 00:31:58,760 --> 00:32:03,560 Speaker 2: substantial social environmental value. With estimates jest it could add 575 00:32:03,640 --> 00:32:07,320 Speaker 2: over two billion dollars to the secondary market revenue annually 576 00:32:07,400 --> 00:32:11,520 Speaker 2: by twenty to thirty and create tens of thousands of jobs, 577 00:32:11,520 --> 00:32:17,920 Speaker 2: not least of all for the criminals. I'm achieving. Achieving 578 00:32:18,160 --> 00:32:21,880 Speaker 2: as model could reduce land for costs by at least 579 00:32:21,920 --> 00:32:25,280 Speaker 2: thirty million dollars per year. So while I'm not saying 580 00:32:25,320 --> 00:32:30,680 Speaker 2: I do not endorse this, I understand the underlying trends 581 00:32:31,040 --> 00:32:36,720 Speaker 2: behind the luctury panic euro Theats, but I also want 582 00:32:36,720 --> 00:32:39,400 Speaker 2: to make it really, really clear. If you are jetting 583 00:32:39,480 --> 00:32:42,880 Speaker 2: off to Europe, though, don't panic. Perhaps leave the Chanel 584 00:32:42,960 --> 00:32:47,400 Speaker 2: at home, but crime overall in Paris has fallen in 585 00:32:47,440 --> 00:32:51,400 Speaker 2: the first half of this year, so you are safer. 586 00:32:51,680 --> 00:32:53,680 Speaker 2: But yes, the Louis stays at home. 587 00:32:53,760 --> 00:32:58,160 Speaker 1: Perhaps Adam, Adam. 588 00:32:58,040 --> 00:33:00,360 Speaker 2: Did you like my bid there for the circular on me? 589 00:33:00,960 --> 00:33:01,160 Speaker 3: Oh? 590 00:33:01,240 --> 00:33:04,800 Speaker 1: That was incredible. This is going to be I'm not 591 00:33:04,840 --> 00:33:08,400 Speaker 1: conceding anything, because I will never concede, but god, this 592 00:33:08,440 --> 00:33:09,560 Speaker 1: is going to be hard for me to win. 593 00:33:09,880 --> 00:33:14,880 Speaker 3: Both have such curiosity about them radioactive shrimp. Now for 594 00:33:14,920 --> 00:33:19,160 Speaker 3: a Darta nerd like me, Michael, imagine the joy you 595 00:33:19,200 --> 00:33:23,440 Speaker 3: know when I hear how batch numbers are keeping people 596 00:33:23,480 --> 00:33:28,240 Speaker 3: safe on this tracking? Right? How is it that Walmart 597 00:33:28,360 --> 00:33:32,160 Speaker 3: was so full of genius in their systems and tracking 598 00:33:32,640 --> 00:33:35,640 Speaker 3: that they could geolocate this stuff and get the warning 599 00:33:35,680 --> 00:33:38,480 Speaker 3: and get it recalled before it caused any heart That's awesome. 600 00:33:39,040 --> 00:33:41,320 Speaker 3: So I thought you might have undersold your story. 601 00:33:41,440 --> 00:33:43,440 Speaker 1: Oh yeah, well that's actually when I was thinking I was. 602 00:33:45,360 --> 00:33:46,360 Speaker 2: Meaning to Balie Belly. 603 00:33:46,520 --> 00:33:55,960 Speaker 3: Yes, Florida. Now the Chanelle story has to win. Yeah, 604 00:33:56,440 --> 00:34:01,280 Speaker 3: in particular the additional flare around Natalie your love of 605 00:34:01,320 --> 00:34:04,280 Speaker 3: circular fashion, that it's cause related. 606 00:34:04,400 --> 00:34:06,240 Speaker 1: I love it, and the fact that you ruled out 607 00:34:06,240 --> 00:34:08,640 Speaker 1: that you don't endorse crime, like it's a good thing 608 00:34:08,680 --> 00:34:09,200 Speaker 1: to clarify. 609 00:34:09,200 --> 00:34:11,879 Speaker 2: I feel like it was important to get out there. 610 00:34:12,880 --> 00:34:17,560 Speaker 3: Isn't it extraordinary? I mean, Paris wonderful, truly wonderful global city, 611 00:34:17,800 --> 00:34:20,880 Speaker 3: and yeah, they've had their challenges with crime. Great to 612 00:34:20,920 --> 00:34:23,880 Speaker 3: hear it coming down. But this luxury high stuff, I 613 00:34:23,920 --> 00:34:28,520 Speaker 3: mean twenty five thousand dollars for a Louis Vatan or 614 00:34:28,560 --> 00:34:33,719 Speaker 3: an Hermez or these numbers are bordering on insane, right, 615 00:34:34,280 --> 00:34:36,439 Speaker 3: but people pay them, and sometimes you have to buy 616 00:34:36,440 --> 00:34:38,600 Speaker 3: other stuff. It's conditional selling. You've got to be in 617 00:34:38,760 --> 00:34:41,839 Speaker 3: the flow of their customer stream just to even get 618 00:34:41,840 --> 00:34:44,600 Speaker 3: a look at one. So the exclusivity and the way 619 00:34:44,640 --> 00:34:48,839 Speaker 3: they've managed to price it really clever, incredible business model, 620 00:34:49,560 --> 00:34:54,480 Speaker 3: you know, Bernard Iau and the whole LVMH company spectacular. 621 00:34:54,640 --> 00:34:57,440 Speaker 3: So I think the story within that and the circular 622 00:34:57,480 --> 00:34:59,960 Speaker 3: fashion flair Natalie has to win two all. 623 00:35:00,560 --> 00:35:03,800 Speaker 1: So too old the tie overall, But of course you 624 00:35:03,960 --> 00:35:05,279 Speaker 1: told us that it was. 625 00:35:06,480 --> 00:35:10,480 Speaker 3: Eleven it was three story mark. Yes, so therefore Michael 626 00:35:11,120 --> 00:35:13,400 Speaker 3: ninety one points. 627 00:35:12,920 --> 00:35:13,320 Speaker 1: That's it. 628 00:35:13,480 --> 00:35:15,759 Speaker 3: That's a respectable I'm very confident in that. 629 00:35:15,880 --> 00:35:16,920 Speaker 1: Yeah, I reckon I've got this. 630 00:35:17,160 --> 00:35:25,840 Speaker 3: However, Natally ninety two points. She came home. Oh, very strong, 631 00:35:26,440 --> 00:35:27,680 Speaker 3: great battle. Loved it. 632 00:35:27,920 --> 00:35:29,680 Speaker 2: This is fantastic. I really needed this. 633 00:35:29,800 --> 00:35:30,080 Speaker 3: Guys. 634 00:35:30,120 --> 00:35:32,120 Speaker 2: I have a four and a one year old at home. 635 00:35:32,200 --> 00:35:33,680 Speaker 2: I don't I don't win much. 636 00:35:33,760 --> 00:35:34,399 Speaker 1: This is for them. 637 00:35:35,360 --> 00:35:38,600 Speaker 3: I've got a fourteen year old. I don't win much either. 638 00:35:38,960 --> 00:35:40,239 Speaker 3: You've got years of that to come. 639 00:35:41,000 --> 00:35:43,480 Speaker 1: Well, I've been a disappointment to my children now today 640 00:35:43,520 --> 00:35:46,800 Speaker 1: they were. Every day I walk in after the recording. 641 00:35:46,800 --> 00:35:48,480 Speaker 1: You know what they say to me, They say, did 642 00:35:48,520 --> 00:35:52,640 Speaker 1: you win? And more often than not, no, not my 643 00:35:52,760 --> 00:35:53,560 Speaker 1: weekend again. 644 00:35:54,560 --> 00:35:56,880 Speaker 3: Oh but everyone does win. This is a great battle. 645 00:35:57,440 --> 00:36:01,680 Speaker 1: Now, Adam, quick little shout out to Oh, thank. 646 00:36:01,480 --> 00:36:06,000 Speaker 3: You, Michael. My niece Molly twenty first birthday today, So 647 00:36:06,040 --> 00:36:07,960 Speaker 3: happy birthday, Molly. See you tonight. 648 00:36:08,640 --> 00:36:12,160 Speaker 1: And is the party does it feature the weekend edition 649 00:36:12,880 --> 00:36:15,040 Speaker 1: a listening party? 650 00:36:15,120 --> 00:36:16,560 Speaker 3: Yes, I'm going to play it in the background and 651 00:36:16,640 --> 00:36:20,360 Speaker 3: just mouth along to my bits like carry okay, lip sinking. 652 00:36:20,480 --> 00:36:21,920 Speaker 1: Yes, oh that is perfect. 653 00:36:21,960 --> 00:36:24,160 Speaker 2: I just know that if Molly, if you do happen 654 00:36:24,200 --> 00:36:27,920 Speaker 2: to get a second hand luxury handbag, Adam. 655 00:36:27,760 --> 00:36:30,200 Speaker 3: Nicked it when he was in Paris. 656 00:36:30,239 --> 00:36:32,280 Speaker 1: That's right, all right, Thank you Adam, Thank. 657 00:36:32,120 --> 00:36:33,280 Speaker 3: You, Michael, Thank you Natalie. 658 00:36:33,400 --> 00:36:35,279 Speaker 1: Thank you very much, Natalie. I hope you enjoyed your 659 00:36:35,320 --> 00:36:36,479 Speaker 1: first weekend edition. 660 00:36:36,800 --> 00:36:38,120 Speaker 2: I really did excellent. 661 00:36:38,160 --> 00:36:42,440 Speaker 1: Congratulations on the win. Remember head along to Fearangreed dot 662 00:36:42,480 --> 00:36:44,960 Speaker 1: com today you sign up for our free daily newsletter, 663 00:36:45,000 --> 00:36:47,000 Speaker 1: and of course make sure you're following the podcast as well. 664 00:36:47,040 --> 00:36:49,080 Speaker 1: I'm Michael Thompson and that was Fear and Greed. Have 665 00:36:49,160 --> 00:36:49,840 Speaker 1: a great weekend.