1 00:00:06,240 --> 00:00:08,560 Speaker 1: This is the weekend edition of Fear and Greed, daily 2 00:00:08,600 --> 00:00:10,920 Speaker 1: business news for people who make their own decisions. I'm 3 00:00:11,000 --> 00:00:13,160 Speaker 1: Michael Thompson and good morning Sean Aylmer. 4 00:00:13,480 --> 00:00:15,320 Speaker 2: Good morning, Michael, Sean. 5 00:00:15,640 --> 00:00:18,080 Speaker 1: Our weekend show. Is it all about the two of us? Look, 6 00:00:18,120 --> 00:00:21,799 Speaker 1: I'm already limbering up. I'm physically stretching like this is 7 00:00:21,800 --> 00:00:24,560 Speaker 1: a physical competition, isn't it. We are here to win. 8 00:00:24,760 --> 00:00:27,200 Speaker 1: We are each nominating what we think is the biggest 9 00:00:27,240 --> 00:00:30,440 Speaker 1: story of the week, the most remarkable business story, a 10 00:00:30,600 --> 00:00:33,080 Speaker 1: sleeper story, one that's flying under the radar, a little 11 00:00:33,080 --> 00:00:36,239 Speaker 1: bit our favorite story as well. And we need a 12 00:00:36,360 --> 00:00:40,960 Speaker 1: judge to pick a winner. And every week without fail well, 13 00:00:41,040 --> 00:00:43,960 Speaker 1: occasionally he fails on his judging. But our Fear and 14 00:00:44,000 --> 00:00:46,280 Speaker 1: Greed colleague Adam Lang Adam, good morning. 15 00:00:46,240 --> 00:00:48,240 Speaker 3: Good morning, Michael, Good morning, Sean. 16 00:00:48,240 --> 00:00:50,120 Speaker 2: Morning, Adam, Morning Adam. 17 00:00:50,159 --> 00:00:52,800 Speaker 1: Fifteen seconds or less. What are you looking for today? 18 00:00:52,840 --> 00:00:55,160 Speaker 1: What are your criteria? As we work our way through 19 00:00:55,160 --> 00:00:56,400 Speaker 1: these categories. 20 00:00:56,000 --> 00:01:01,360 Speaker 4: We would like to see topicality, timeliness, economic impact, subjective 21 00:01:01,400 --> 00:01:04,120 Speaker 4: bias that's my subjective bias, of course, and a touch 22 00:01:04,160 --> 00:01:04,839 Speaker 4: of melodrama. 23 00:01:05,400 --> 00:01:08,160 Speaker 1: Yes, we would like to see those. But suddenly you 24 00:01:08,280 --> 00:01:11,240 Speaker 1: just drop in a random extra category at various kinds 25 00:01:11,240 --> 00:01:11,679 Speaker 1: of times. 26 00:01:12,600 --> 00:01:15,760 Speaker 2: Can I just highlight the need for timeliness Michael the 27 00:01:15,840 --> 00:01:20,720 Speaker 2: last few weekends I've been you carry on, Michael, you 28 00:01:20,800 --> 00:01:23,919 Speaker 2: carry on. That's all I'm going to say. Oh, is editing. 29 00:01:24,120 --> 00:01:25,960 Speaker 2: Maybe there's another criteria I could. 30 00:01:26,720 --> 00:01:29,000 Speaker 1: Well, let's do this, then, shall we? And then of 31 00:01:29,080 --> 00:01:32,160 Speaker 1: this kind of waffle on from Adam and Sean, let's 32 00:01:32,200 --> 00:01:35,600 Speaker 1: get into it. Let's go with the biggest story, and 33 00:01:35,680 --> 00:01:36,360 Speaker 1: you know what. 34 00:01:36,440 --> 00:01:37,679 Speaker 2: You go first, Michael, go on. 35 00:01:37,760 --> 00:01:38,840 Speaker 3: I'm going to go first. 36 00:01:39,040 --> 00:01:41,319 Speaker 2: I tendatively agree to you going first. Michael. 37 00:01:41,600 --> 00:01:44,040 Speaker 1: Well, I'm glad I'm going first, Sean, because if I 38 00:01:44,160 --> 00:01:49,280 Speaker 1: wasn't Adam, I can give you a gold plated guarantee 39 00:01:49,560 --> 00:01:52,840 Speaker 1: that Sean would be doing this story instead. Because it is. 40 00:01:53,320 --> 00:01:57,680 Speaker 1: It is the biggest story of the week, guaranteed, and 41 00:01:57,720 --> 00:02:00,320 Speaker 1: it's about one of Sean's favorite topics. But I'm doing it. 42 00:02:00,320 --> 00:02:04,280 Speaker 1: It is part of the economy, specifically interest rates, and 43 00:02:04,320 --> 00:02:06,880 Speaker 1: the fact that's right, I'm doing economics, and the fact 44 00:02:06,920 --> 00:02:11,839 Speaker 1: that it is looking increasingly likely that we may now 45 00:02:11,880 --> 00:02:15,720 Speaker 1: be seeing an interest rate hike. That's right, a hike 46 00:02:16,080 --> 00:02:19,720 Speaker 1: that's going up when the Reserve Bank Board next meets 47 00:02:19,760 --> 00:02:22,800 Speaker 1: in August. How on earth did this happen when all 48 00:02:22,840 --> 00:02:25,079 Speaker 1: the talk up until now is that the next move 49 00:02:25,120 --> 00:02:28,640 Speaker 1: in rates would be down. Well, it is all because 50 00:02:28,680 --> 00:02:31,280 Speaker 1: of inflation, and I just need to say, I need 51 00:02:31,320 --> 00:02:33,520 Speaker 1: to say that term, Sean, that you've dropped a couple 52 00:02:33,520 --> 00:02:38,079 Speaker 1: of times sticky services inflation, which I don't know about you, 53 00:02:38,280 --> 00:02:41,240 Speaker 1: but that conjures up all kinds of erotic images. 54 00:02:41,280 --> 00:02:46,359 Speaker 4: Doesn't it not really double weeds', doesn't it? 55 00:02:46,800 --> 00:02:50,600 Speaker 1: Adam, No, no, anyway, look at me either, me either. 56 00:02:50,800 --> 00:02:54,640 Speaker 1: But this week we received the monthly inflation number for May, 57 00:02:54,760 --> 00:02:59,000 Speaker 1: and the annual number jumped up to four percent from 58 00:02:59,080 --> 00:03:02,280 Speaker 1: three point six percent. Higher prices for electricity, rents, fruit 59 00:03:02,320 --> 00:03:06,560 Speaker 1: and vegetables, holidays all contributing, And suddenly markets we're pricing 60 00:03:06,560 --> 00:03:09,480 Speaker 1: in are better than one in three chants of an 61 00:03:09,520 --> 00:03:12,440 Speaker 1: August rating increase. Now, for anyone who wants to get 62 00:03:12,440 --> 00:03:14,440 Speaker 1: a better understanding of why the Reserve Bank would be 63 00:03:14,520 --> 00:03:18,160 Speaker 1: considering hiking rates when households are under so much pressure already, 64 00:03:18,200 --> 00:03:19,760 Speaker 1: you only need to look at retailers to see that 65 00:03:19,800 --> 00:03:22,359 Speaker 1: plenty of households have just stop spending. Then you need 66 00:03:22,400 --> 00:03:25,920 Speaker 1: to listen to Sean's interview with Warren Hogan from Judo Bank, 67 00:03:26,160 --> 00:03:29,040 Speaker 1: it is I think the best explanation of why he 68 00:03:29,360 --> 00:03:32,240 Speaker 1: expects the Reserve Bank will be forced to hire crate. 69 00:03:32,560 --> 00:03:35,560 Speaker 1: And as Warren says, the most damaging thing in the 70 00:03:35,640 --> 00:03:39,760 Speaker 1: economy right now is inflation. And yes, and yes, interest 71 00:03:39,840 --> 00:03:42,320 Speaker 1: rates are a blunt instrument, and yes, a hiker is 72 00:03:42,360 --> 00:03:44,400 Speaker 1: going to hurt some people a heck of a lot 73 00:03:44,440 --> 00:03:47,880 Speaker 1: more than others, particularly younger people, particularly families, perhaps those 74 00:03:47,880 --> 00:03:51,200 Speaker 1: with mortgages, retailers who rely on those people spending money, 75 00:03:51,320 --> 00:03:54,360 Speaker 1: whereas older Australians who perhaps own their own home, maybe 76 00:03:54,400 --> 00:03:57,000 Speaker 1: living off their super or savings, they have a decent buffer, 77 00:03:57,040 --> 00:03:59,680 Speaker 1: will be more insulated. So it's not fair and it 78 00:03:59,720 --> 00:04:02,800 Speaker 1: is to hurt, but as Warren says, it's a risk 79 00:04:03,000 --> 00:04:05,840 Speaker 1: worth taking in order to get inflation back under control 80 00:04:05,880 --> 00:04:08,680 Speaker 1: because that's the thing that will give us longer term prosperity. 81 00:04:08,880 --> 00:04:11,520 Speaker 1: And everyone was a little bit unsure about it until 82 00:04:11,560 --> 00:04:15,760 Speaker 1: Wednesday of this week, and that monthly inflation number was 83 00:04:15,800 --> 00:04:20,840 Speaker 1: a brutal, harsh reality check. Of course, of course, it'll 84 00:04:20,839 --> 00:04:23,320 Speaker 1: take more than one number to sway the RBA. They 85 00:04:23,360 --> 00:04:26,799 Speaker 1: will really need that quarterly inflation too, and maybe markets 86 00:04:26,800 --> 00:04:30,800 Speaker 1: overreacted a little through the week, But golly golly, it 87 00:04:30,839 --> 00:04:34,360 Speaker 1: doesn't look good, does it? The biggest story of the 88 00:04:34,400 --> 00:04:39,680 Speaker 1: week for the Australian economy, for Australian business, for Australian households. 89 00:04:40,080 --> 00:04:43,000 Speaker 1: I am done. Me and Warren Hogan are done. 90 00:04:44,360 --> 00:04:46,200 Speaker 2: I reckon that you should probably stay away from the 91 00:04:46,200 --> 00:04:47,440 Speaker 2: economy in the future. Michael. 92 00:04:49,880 --> 00:04:52,919 Speaker 1: I think I derailed myself with that sticky services in placing. 93 00:04:53,040 --> 00:04:56,280 Speaker 2: So it's true, all I want to say, So what 94 00:04:56,360 --> 00:04:58,360 Speaker 2: bot a bond markets pricing in one in three chances 95 00:04:58,360 --> 00:05:00,960 Speaker 2: for a bit less now of a rate high in August, 96 00:05:01,640 --> 00:05:04,760 Speaker 2: which means two in three, not just pointing it. 97 00:05:04,680 --> 00:05:08,880 Speaker 1: Out, pointed out all you want, Sean, you can poke 98 00:05:08,960 --> 00:05:12,479 Speaker 1: holes in my argument. But I'm confident that Adam will 99 00:05:12,520 --> 00:05:13,560 Speaker 1: do the right thing. 100 00:05:13,800 --> 00:05:19,080 Speaker 2: Ah. But Michael, Michael, this is where you were so wrong. 101 00:05:19,720 --> 00:05:22,359 Speaker 2: I was never going to do the economy. Go on, 102 00:05:22,600 --> 00:05:25,640 Speaker 2: Why do you think I let you go first? A 103 00:05:25,680 --> 00:05:30,719 Speaker 2: cunning plan, Ah, A cunning plan, Michael. It is the 104 00:05:30,800 --> 00:05:35,440 Speaker 2: end of the financial year tomorrow. Markets closed yesterday. Therefore, 105 00:05:36,240 --> 00:05:40,479 Speaker 2: by definition, this story is not just the biggest story 106 00:05:40,560 --> 00:05:42,520 Speaker 2: of the week. It's a once in a year story, 107 00:05:43,400 --> 00:05:45,440 Speaker 2: and it affects not just people with home loans that 108 00:05:45,480 --> 00:05:49,080 Speaker 2: you're talking about, but every single person with a superannuation 109 00:05:49,200 --> 00:05:54,039 Speaker 2: fund or anyone then invests. Because the market closed for 110 00:05:54,120 --> 00:05:58,680 Speaker 2: fiscal twenty twenty four yesterday and this week we found 111 00:05:58,720 --> 00:06:00,880 Speaker 2: out what a cracker of a year the ASX two 112 00:06:00,960 --> 00:06:04,240 Speaker 2: hundred had, What a cracker of a year's superannuation returns had. 113 00:06:04,240 --> 00:06:07,400 Speaker 2: We're talking nine to ten percent, which is much better 114 00:06:07,440 --> 00:06:10,039 Speaker 2: than inflation. It's actually about the same as last year. 115 00:06:10,600 --> 00:06:12,599 Speaker 2: The hot sectors over the last year in the market, 116 00:06:12,640 --> 00:06:15,080 Speaker 2: technology stocks on all the plourd. It's particularly anything to 117 00:06:15,080 --> 00:06:18,320 Speaker 2: do with data centers and AI think altim and Megaport, 118 00:06:18,600 --> 00:06:20,760 Speaker 2: even though Goodman Groups of Property Company you can throw 119 00:06:20,800 --> 00:06:23,240 Speaker 2: that in as well because it operates data centers. Then 120 00:06:23,240 --> 00:06:25,599 Speaker 2: we had the financials over the last year, CBA hitting 121 00:06:25,640 --> 00:06:29,480 Speaker 2: a new record again this week. National Australian Bank overperforming 122 00:06:30,120 --> 00:06:33,680 Speaker 2: up there in the rankings remarkably given the interest rate environment. 123 00:06:34,040 --> 00:06:37,719 Speaker 2: Consumer discretionary stocks think JB High five, Premier Investments, and 124 00:06:37,920 --> 00:06:40,359 Speaker 2: just as an aside, just to add to this story, 125 00:06:40,400 --> 00:06:43,000 Speaker 2: this week, Meyer offered to effectively merge with a bunch 126 00:06:43,000 --> 00:06:46,839 Speaker 2: of premier stores JJ's Justine's Jackie Dotty. But that's just 127 00:06:46,880 --> 00:06:50,159 Speaker 2: on aside. The worst performing sectors for the financial year 128 00:06:50,279 --> 00:06:53,680 Speaker 2: energy stocks, think woodside materials, Think the big miners. That's 129 00:06:53,720 --> 00:06:58,160 Speaker 2: all about commodity prices, oil and gas prices, and consumer staples. 130 00:06:58,240 --> 00:07:00,600 Speaker 2: They didn't do so well. Think the big serp markets. 131 00:07:00,960 --> 00:07:04,240 Speaker 2: This is the week we found out about the winners 132 00:07:04,400 --> 00:07:07,920 Speaker 2: and losers for the financial year, how our super fund's performed, 133 00:07:08,160 --> 00:07:13,080 Speaker 2: whether or not people like hmmm, Adam can retire soon, 134 00:07:13,080 --> 00:07:16,440 Speaker 2: whether they can retire one year, ten years, or perhaps never, 135 00:07:18,600 --> 00:07:20,679 Speaker 2: Massive massive week. 136 00:07:21,040 --> 00:07:23,600 Speaker 1: I love how everyone's now using the word massive. I've 137 00:07:23,640 --> 00:07:27,320 Speaker 1: infected you all with the use of the term. 138 00:07:26,840 --> 00:07:30,840 Speaker 2: Massive, massive, massive, Adam. 139 00:07:30,920 --> 00:07:32,720 Speaker 1: Yes, what do you reckon? 140 00:07:33,280 --> 00:07:39,160 Speaker 4: I loved Michael your second attempt at being the role 141 00:07:39,200 --> 00:07:43,040 Speaker 4: of the economist. I thought it was excellent, so well 142 00:07:43,080 --> 00:07:48,960 Speaker 4: played you, thank you. It is, however, monthly inflation, not quarterly, 143 00:07:50,400 --> 00:07:55,120 Speaker 4: and therefore it doesn't carry the same weight in terms 144 00:07:55,120 --> 00:07:57,880 Speaker 4: of the basket of goods that he's measured on a 145 00:07:57,920 --> 00:08:02,520 Speaker 4: quarterly basis, and so very very concerning. But I think 146 00:08:02,520 --> 00:08:05,160 Speaker 4: that's why we saw the Reserve Bank in somewhat muted 147 00:08:05,200 --> 00:08:07,720 Speaker 4: tones in response that the quarterly data is the really 148 00:08:08,000 --> 00:08:09,920 Speaker 4: most important data that it's. 149 00:08:09,880 --> 00:08:13,960 Speaker 1: The trend, Adam, it's the trend. The trend is your friends, 150 00:08:14,000 --> 00:08:15,520 Speaker 1: your friend, Adam. 151 00:08:15,400 --> 00:08:16,880 Speaker 3: And look at fair Cop too. 152 00:08:17,280 --> 00:08:19,440 Speaker 4: It might be the optimist in me, right, it's just 153 00:08:19,520 --> 00:08:22,640 Speaker 4: hoping that the quarterly number will be much better, because 154 00:08:22,640 --> 00:08:25,880 Speaker 4: I am. But in terms of Sean's story on the 155 00:08:25,920 --> 00:08:31,000 Speaker 4: fiscal year close the AX up, superannuation up, both scraping 156 00:08:31,040 --> 00:08:35,040 Speaker 4: near to double digit growth. That's an extraordinary year. And 157 00:08:35,080 --> 00:08:38,760 Speaker 4: as Sewan, as you pointed out, the different winners and losers, 158 00:08:39,160 --> 00:08:43,080 Speaker 4: the whole landscape of the investment climate is just incredible. 159 00:08:43,559 --> 00:08:45,680 Speaker 4: So yeah, great, biggest story of the week for me? 160 00:08:49,000 --> 00:08:50,240 Speaker 3: You too, You too? 161 00:08:51,000 --> 00:08:54,840 Speaker 1: You too are carrying on as though the AX functions 162 00:08:54,840 --> 00:08:58,080 Speaker 1: throughout the entire year in a big closed box in 163 00:08:58,120 --> 00:09:00,520 Speaker 1: which no one can see into it, and you have 164 00:09:00,559 --> 00:09:02,360 Speaker 1: to wait until the end of the financial year to 165 00:09:02,400 --> 00:09:04,840 Speaker 1: find out how all of the companies have performed, and 166 00:09:04,880 --> 00:09:07,560 Speaker 1: to find out how we've known what's happening on the 167 00:09:07,600 --> 00:09:10,160 Speaker 1: ASX over the last twelve months. We see it and 168 00:09:10,200 --> 00:09:12,680 Speaker 1: talk about it every day. How was it the biggest 169 00:09:12,679 --> 00:09:13,959 Speaker 1: story of the week this week? 170 00:09:14,880 --> 00:09:18,080 Speaker 3: One nil, ever, stoic, Michael, one nil. 171 00:09:18,160 --> 00:09:21,439 Speaker 1: You know what I accept the judge's decision, however wrong 172 00:09:21,640 --> 00:09:25,000 Speaker 1: it is. Sean, would you like to go first on 173 00:09:25,040 --> 00:09:26,240 Speaker 1: the most remarkable story? 174 00:09:26,440 --> 00:09:34,880 Speaker 2: Sure, cash is not dead yet, But the fact I 175 00:09:34,960 --> 00:09:39,080 Speaker 2: have to add yet is why what's happening in the 176 00:09:39,080 --> 00:09:42,480 Speaker 2: cash economy. That's why it's so remarkable. This week we 177 00:09:42,520 --> 00:09:45,319 Speaker 2: found out that cash will continue to be delivered across 178 00:09:45,360 --> 00:09:48,440 Speaker 2: the country after delivery group armor Guard did a deal 179 00:09:48,440 --> 00:09:51,280 Speaker 2: with the big banks and retailers to keep spreading the 180 00:09:51,320 --> 00:09:53,880 Speaker 2: cash for at least another year. Armor Guards promised to 181 00:09:53,880 --> 00:09:57,240 Speaker 2: reorganize itself and create a profitable business. Good luck with 182 00:09:57,280 --> 00:09:59,760 Speaker 2: that one. The deal came about after many months from 183 00:09:59,760 --> 00:10:01,880 Speaker 2: the ga siations. It includes extra funding of up to 184 00:10:02,000 --> 00:10:04,200 Speaker 2: fifty million dollars to armor Guard over the next year. 185 00:10:04,440 --> 00:10:07,240 Speaker 2: The banks, the retailers, people like Bunnings, they're going to pay. 186 00:10:07,440 --> 00:10:09,640 Speaker 2: They're going to chip in to pay that. Now the 187 00:10:09,679 --> 00:10:12,720 Speaker 2: background of this, people don't use anywhere near as much cash. 188 00:10:13,040 --> 00:10:17,120 Speaker 2: It's basically become uneconomical for armor Guard, which is now 189 00:10:17,200 --> 00:10:20,319 Speaker 2: pretty much a monopoly transporter of cash, to keep delivering 190 00:10:20,480 --> 00:10:22,880 Speaker 2: two different outlets. The Reserve Bank's being involved be in 191 00:10:22,880 --> 00:10:25,120 Speaker 2: a really big story. So just the fact that we 192 00:10:25,160 --> 00:10:29,040 Speaker 2: have this crisis about delivering cash is critical now. A 193 00:10:29,080 --> 00:10:31,480 Speaker 2: few facts and figures from the Reserve Bank. The amount 194 00:10:31,520 --> 00:10:35,440 Speaker 2: of cash circulating in the economy. You'd think me falling 195 00:10:35,440 --> 00:10:38,920 Speaker 2: a fair bit, but in fact it's not. It's pretty steady. 196 00:10:38,960 --> 00:10:41,920 Speaker 2: It's falling just only a bit. In fact, one hundred 197 00:10:41,920 --> 00:10:45,080 Speaker 2: dollar bills are increasing, every other bill is decreasing. But 198 00:10:45,160 --> 00:10:48,199 Speaker 2: people are hoarding it. They're not spending it, like putting 199 00:10:48,240 --> 00:10:51,120 Speaker 2: it under the bed or something or other. In person 200 00:10:51,320 --> 00:10:54,240 Speaker 2: cash transactions have gone from about one third of the 201 00:10:54,280 --> 00:11:00,400 Speaker 2: economy in twenty nineteen to sixteen percent. It's incredible, adam 202 00:11:00,520 --> 00:11:04,679 Speaker 2: eighty four percent nontru cash. Yeah, there's nearly seventy percent 203 00:11:04,920 --> 00:11:06,960 Speaker 2: two thousand and seven. So it just shows that in 204 00:11:07,000 --> 00:11:09,679 Speaker 2: that fourteen year period from seventy percent to sixteen percent, 205 00:11:09,840 --> 00:11:13,160 Speaker 2: the COVID pandemic, of course super charged the acceleration. Where 206 00:11:13,200 --> 00:11:16,320 Speaker 2: the biggest falls have occurred in percent users is in 207 00:11:16,400 --> 00:11:19,840 Speaker 2: pockets of people who traditionally have always used cash. So 208 00:11:19,960 --> 00:11:23,280 Speaker 2: older people have stopped using cash, those on lower incomes 209 00:11:23,320 --> 00:11:25,480 Speaker 2: people in the regions. In the past couple of years, 210 00:11:25,480 --> 00:11:28,520 Speaker 2: the number of ATMs have declined by about eleven percent 211 00:11:29,200 --> 00:11:32,200 Speaker 2: per year, so that ATM numbers have halved over the 212 00:11:32,240 --> 00:11:35,320 Speaker 2: past seven years. Just the fact that we are talking 213 00:11:35,440 --> 00:11:39,000 Speaker 2: about the total demise of cash, and I suppose I'm 214 00:11:39,080 --> 00:11:42,360 Speaker 2: using the deal with armor Guard. It needs help. It 215 00:11:42,400 --> 00:11:45,319 Speaker 2: needs a fifty million dollar injection so as to keep 216 00:11:45,360 --> 00:11:47,600 Speaker 2: delivering cash. Otherwise there wouldn't be any cash. 217 00:11:48,720 --> 00:11:55,800 Speaker 1: Remarkable, Michael, Yes, Sean, that is a good Sorry to 218 00:11:55,800 --> 00:11:59,280 Speaker 1: see it furiously taking notes on what you were saying. 219 00:11:59,280 --> 00:12:03,679 Speaker 1: But what I'm about to say, sorry, I changing and 220 00:12:03,880 --> 00:12:08,520 Speaker 1: fly I was I was. The thing is you need 221 00:12:08,559 --> 00:12:10,880 Speaker 1: to be agile on this show. You need to go 222 00:12:11,000 --> 00:12:12,680 Speaker 1: you know what, I was expecting a win in the 223 00:12:12,679 --> 00:12:15,680 Speaker 1: first round. I need to recalibrate, need to adjust where 224 00:12:15,720 --> 00:12:17,000 Speaker 1: I'm going, Michael. 225 00:12:17,040 --> 00:12:18,640 Speaker 3: Is that agile like a cat? 226 00:12:19,640 --> 00:12:19,960 Speaker 4: Oh? 227 00:12:20,080 --> 00:12:24,920 Speaker 1: Yes, I will get to the cat in a minute. 228 00:12:25,800 --> 00:12:27,720 Speaker 1: I'm going to do my most remarkable while. I've got 229 00:12:27,760 --> 00:12:30,160 Speaker 1: a bit of a bit of passion built up here, 230 00:12:30,559 --> 00:12:34,480 Speaker 1: bit of steam. The most remarkable story of the week 231 00:12:34,960 --> 00:12:39,840 Speaker 1: is about Julian Assange. Now, who's he? This is the thing, Sean, 232 00:12:39,880 --> 00:12:41,960 Speaker 1: You're I mean you talked about it a bit this week. 233 00:12:42,000 --> 00:12:44,720 Speaker 1: I'm not going to go into whether he's a hero 234 00:12:45,080 --> 00:12:47,400 Speaker 1: or not. Some see him as one for releasing hundreds 235 00:12:47,400 --> 00:12:50,240 Speaker 1: of thousands of classified US military documents through his site 236 00:12:50,240 --> 00:12:54,360 Speaker 1: Wiki Leaks, exposing wrongdoing by the military. Others do not 237 00:12:54,679 --> 00:12:58,280 Speaker 1: see him as a hero because of the unintended consequences 238 00:12:58,400 --> 00:13:01,360 Speaker 1: of those releases, including putting people in danger because their names, 239 00:13:01,400 --> 00:13:03,840 Speaker 1: for instance, hadn't been redacted. I'm not going to get 240 00:13:03,880 --> 00:13:06,120 Speaker 1: into all of that and into the moral the ethical 241 00:13:06,120 --> 00:13:08,880 Speaker 1: side of it. What I'm putting forward is remarkable, though, 242 00:13:09,160 --> 00:13:15,560 Speaker 1: is how quickly this long, long, long saga came to 243 00:13:15,640 --> 00:13:19,400 Speaker 1: an end. Because at the beginning of this week, Julian 244 00:13:19,480 --> 00:13:23,240 Speaker 1: Assange was in the UK's high security Belmarsh Prison, where 245 00:13:23,240 --> 00:13:26,280 Speaker 1: he spent almost five years fighting extradition to the US. 246 00:13:26,360 --> 00:13:29,760 Speaker 1: Prior to that, he'd been living in the Ecuadorian embassy 247 00:13:30,000 --> 00:13:32,160 Speaker 1: for seven years. So this saga has been going on 248 00:13:32,200 --> 00:13:36,040 Speaker 1: for at least twelve years, and then all of a 249 00:13:36,120 --> 00:13:40,160 Speaker 1: sudden it was over, just like that. There's been a 250 00:13:40,240 --> 00:13:43,000 Speaker 1: whole lot of lobbying behind the scenes. All of a sudden, 251 00:13:43,080 --> 00:13:44,960 Speaker 1: long and behold, a deal is done with the US. 252 00:13:45,040 --> 00:13:48,720 Speaker 1: Julian Assange walks out of Belmarsh onto a private jet, 253 00:13:48,920 --> 00:13:51,320 Speaker 1: flies to a tiny island in the Western Pacific. A 254 00:13:51,440 --> 00:13:55,080 Speaker 1: US territory where he pleads guilty to one single criminal 255 00:13:55,160 --> 00:13:57,840 Speaker 1: count relating to those US documents. Then it's back on 256 00:13:57,920 --> 00:14:00,240 Speaker 1: the jet for a flight all the way home home 257 00:14:00,240 --> 00:14:03,240 Speaker 1: to Australia, and for that leg he was escorted by 258 00:14:03,280 --> 00:14:07,199 Speaker 1: none other than Australia's ambassador to the US, our former 259 00:14:07,240 --> 00:14:10,200 Speaker 1: Prime Minister, Kevin Rudd. And his first call when he 260 00:14:10,240 --> 00:14:13,800 Speaker 1: gets back here to Australia is to the current Prime Minister, 261 00:14:13,880 --> 00:14:17,480 Speaker 1: Anthony Albinezi, to thank him for quote saving my life. 262 00:14:17,520 --> 00:14:21,320 Speaker 1: That is all just remarkable that he went from belmast 263 00:14:21,400 --> 00:14:25,280 Speaker 1: jailbird to a freeman in Australia via a US courtroom 264 00:14:25,320 --> 00:14:28,400 Speaker 1: on an island that's only nine kilometers wide, about the 265 00:14:28,440 --> 00:14:32,640 Speaker 1: same size in diameter as Adelaide, in about seventy two hours, 266 00:14:32,760 --> 00:14:35,800 Speaker 1: were a former prime minister by his side. You put 267 00:14:35,800 --> 00:14:38,120 Speaker 1: it all together, and just the theater of the drama 268 00:14:38,160 --> 00:14:41,560 Speaker 1: of all of this, and how quickly it all ended, 269 00:14:42,080 --> 00:14:43,560 Speaker 1: when at the start of the week we weren't even 270 00:14:43,560 --> 00:14:46,640 Speaker 1: talking about this and now everyone's been talking about it. 271 00:14:46,640 --> 00:14:50,120 Speaker 1: It is the most remarkable story of the week, twelve 272 00:14:50,200 --> 00:14:51,200 Speaker 1: years in the making. 273 00:14:51,480 --> 00:14:55,040 Speaker 2: You know, Michael, we don't transport convicts and ships anymore. 274 00:14:55,120 --> 00:15:03,920 Speaker 2: You do know that we use jet airlines, Adam, He. 275 00:15:03,800 --> 00:15:09,440 Speaker 1: Says, pleading, just intervene. So Adam, feeling picked on today? 276 00:15:09,440 --> 00:15:13,680 Speaker 2: Before you yeah, before you give your verdict. Yes, what 277 00:15:14,040 --> 00:15:16,120 Speaker 2: do you think of Julian Sange? Do you think he's 278 00:15:16,280 --> 00:15:17,120 Speaker 2: hero or villain? 279 00:15:17,400 --> 00:15:20,160 Speaker 4: Oh, he's a villain for me and I you know, 280 00:15:20,240 --> 00:15:22,920 Speaker 4: I know this is going to be a point of 281 00:15:23,000 --> 00:15:26,200 Speaker 4: view that's different to many is he made a choice 282 00:15:26,280 --> 00:15:29,760 Speaker 4: to release confidential information and I think could have copped 283 00:15:29,800 --> 00:15:33,480 Speaker 4: the consequences right up front and they would have gone 284 00:15:33,560 --> 00:15:36,680 Speaker 4: a lot more differently than they have and it wouldn't 285 00:15:36,720 --> 00:15:37,920 Speaker 4: have been the public spectacle. 286 00:15:38,280 --> 00:15:41,000 Speaker 2: You are such a media company CEO sometimes, Adam. 287 00:15:44,360 --> 00:15:44,760 Speaker 3: Well. 288 00:15:45,480 --> 00:15:49,480 Speaker 4: The other part is, though, I think at the other end, 289 00:15:50,360 --> 00:15:55,400 Speaker 4: just how quickly former Prime Minister Kevin Rudd got right 290 00:15:55,440 --> 00:15:57,360 Speaker 4: alongside keV. 291 00:15:57,960 --> 00:15:58,720 Speaker 2: What a surprise. 292 00:15:59,280 --> 00:16:01,840 Speaker 3: Woman and Julie in together at last. 293 00:16:02,280 --> 00:16:04,320 Speaker 2: It look a bit alike if they had their bees, 294 00:16:04,360 --> 00:16:05,960 Speaker 2: I reckon they would look a bit. 295 00:16:05,720 --> 00:16:09,600 Speaker 4: Like height differential just incredible. So I think that has 296 00:16:09,680 --> 00:16:12,320 Speaker 4: to win for remarkable story of the week. But your 297 00:16:12,360 --> 00:16:16,680 Speaker 4: story shown on cash is still remarkable. So I'm blown away. 298 00:16:16,720 --> 00:16:19,600 Speaker 4: There is so much money that's just sitting as you say, 299 00:16:19,600 --> 00:16:21,720 Speaker 4: on a mattresses and in people's pockets. And you wonder 300 00:16:21,760 --> 00:16:25,640 Speaker 4: about the legitimacy of all of those saving spots. 301 00:16:25,360 --> 00:16:26,560 Speaker 2: Yeah, you do. 302 00:16:27,720 --> 00:16:29,600 Speaker 1: So it's one all, one on all. 303 00:16:29,960 --> 00:16:34,560 Speaker 2: I can't even complain about that. That just disappoint I'm 304 00:16:34,600 --> 00:16:37,280 Speaker 2: sure will though it's never stopped you before. Not being 305 00:16:37,320 --> 00:16:41,480 Speaker 2: able to complain has never prevented a complaint. Quick mention, 306 00:16:42,040 --> 00:16:44,640 Speaker 2: shall we We need to address the elephant in the room. 307 00:16:44,720 --> 00:16:47,000 Speaker 3: Of the people, Michael, the cat of the people, don't we. 308 00:16:47,320 --> 00:16:50,400 Speaker 1: So context to this is that we have a fantastic 309 00:16:50,440 --> 00:16:53,160 Speaker 1: listener who contacted us through the week by the name 310 00:16:53,200 --> 00:16:59,600 Speaker 1: of Travis from Western Australia. And long story short, there's 311 00:16:59,600 --> 00:17:01,600 Speaker 1: only one one of the three of us in this 312 00:17:01,680 --> 00:17:07,280 Speaker 1: studio right now who now has a cat named after. 313 00:17:07,040 --> 00:17:11,120 Speaker 4: Them, And Michael, can you underline the reasons why that 314 00:17:11,240 --> 00:17:12,000 Speaker 4: naming came about? 315 00:17:13,000 --> 00:17:17,280 Speaker 1: So Travis just briefly said, he goes, I have to 316 00:17:17,480 --> 00:17:20,120 Speaker 1: rescue cats with the male cat given the name Leo. 317 00:17:20,480 --> 00:17:22,840 Speaker 1: This is in his email from the shelter, which kind 318 00:17:22,840 --> 00:17:24,600 Speaker 1: of makes sense because he has a man like a lion. 319 00:17:24,960 --> 00:17:29,200 Speaker 1: His behavior though is nothing like a lion. Defining characteristics 320 00:17:29,200 --> 00:17:30,880 Speaker 1: include and this is the part I wanted to leave 321 00:17:30,880 --> 00:17:33,160 Speaker 1: out Adam. I didn't want to mention this part because 322 00:17:33,160 --> 00:17:37,159 Speaker 1: it kind of soils the story. It's not hugely complimentary 323 00:17:37,200 --> 00:17:41,000 Speaker 1: towards it anyway. Look the characteristics of this cat, the 324 00:17:41,160 --> 00:17:46,040 Speaker 1: cat formally known as Leo. He is self preening. He 325 00:17:46,200 --> 00:17:50,840 Speaker 1: displays significant outrage when his sister wins. He has a 326 00:17:50,880 --> 00:17:53,280 Speaker 1: short memory, can bounce from a loss to a win 327 00:17:53,359 --> 00:17:57,520 Speaker 1: in ten seconds. He enjoys eating challenges, has been known 328 00:17:57,560 --> 00:18:00,520 Speaker 1: to eat his sister's food and occasionally throw up. Because 329 00:18:00,560 --> 00:18:03,040 Speaker 1: obviously I told that story last week about throwing up 330 00:18:03,080 --> 00:18:05,880 Speaker 1: after eating challenges, I had been and then Travis went 331 00:18:05,920 --> 00:18:09,280 Speaker 1: on to say, I had been thinking Cartman was an 332 00:18:09,359 --> 00:18:12,680 Speaker 1: appropriate name for my cat, after the after the South 333 00:18:12,760 --> 00:18:16,240 Speaker 1: Park character, but after last week's episode, it came to me, 334 00:18:17,080 --> 00:18:22,560 Speaker 1: that's surely a better, although slightly odd name. Is Michael 335 00:18:22,800 --> 00:18:29,280 Speaker 1: Cat of the People, and he sought the blessing the 336 00:18:29,359 --> 00:18:32,440 Speaker 1: approval of the Fear and Greed team, And obviously I'm 337 00:18:32,480 --> 00:18:37,440 Speaker 1: happy for anything to be named after me, cats, bridges, buildings, countries, anything. 338 00:18:38,920 --> 00:18:41,600 Speaker 1: I'm going to start with a cat Michael Katter the People. 339 00:18:41,760 --> 00:18:43,399 Speaker 1: I think it is a fantastic name. I'm going to 340 00:18:43,440 --> 00:18:45,920 Speaker 1: put a video of Michael Kat of the People on 341 00:18:46,080 --> 00:18:48,880 Speaker 1: our Instagram so that you can also enjoy just how 342 00:18:48,920 --> 00:18:51,240 Speaker 1: awesome a cat this is. And I'm going to take 343 00:18:51,280 --> 00:18:52,760 Speaker 1: it in the spirit in which it was meant, which 344 00:18:52,800 --> 00:18:53,880 Speaker 1: is a huge compliment. 345 00:18:54,160 --> 00:18:58,000 Speaker 2: Thank you, Travis, Michael Cat of the People, Travis, well done. 346 00:18:58,200 --> 00:19:01,480 Speaker 2: I think your cat shows all the attributes that our 347 00:19:01,560 --> 00:19:05,160 Speaker 2: Mickey t shows every single day, and I just want 348 00:19:05,160 --> 00:19:08,359 Speaker 2: you to know it's it's gonna be tough, Travis, living 349 00:19:08,359 --> 00:19:10,280 Speaker 2: with that cat, There's no doubt about it. 350 00:19:11,520 --> 00:19:14,679 Speaker 1: Every day will be a joint. All right, Well, and 351 00:19:14,720 --> 00:19:17,320 Speaker 1: head along to our Instagram Fear and Greed podcast and 352 00:19:17,359 --> 00:19:20,960 Speaker 1: I'll make sure I pop the video over Michael Cut 353 00:19:21,000 --> 00:19:23,520 Speaker 1: of the People up there. We will take a quick break. 354 00:19:23,600 --> 00:19:25,600 Speaker 1: We'll come back and find a sleeper story in a moment, 355 00:19:31,760 --> 00:19:34,440 Speaker 1: all right, Sean, we are looking for a sleeper story 356 00:19:34,560 --> 00:19:36,560 Speaker 1: of the week. The sleeper story is one that's not 357 00:19:36,560 --> 00:19:39,520 Speaker 1: getting the attention that we feel it deserves, or is 358 00:19:39,600 --> 00:19:41,920 Speaker 1: going to become a bigger story further down the track, 359 00:19:42,160 --> 00:19:44,520 Speaker 1: or as you did last week, you just gave your 360 00:19:44,560 --> 00:19:46,919 Speaker 1: opinion on a story and said that hey, maybe this 361 00:19:46,960 --> 00:19:49,639 Speaker 1: would be fun if this happened, and somehow. 362 00:19:49,119 --> 00:19:52,800 Speaker 2: Don't hold on, Michael, let it go. Let it go. 363 00:19:53,359 --> 00:19:56,840 Speaker 2: Now that one think of Michael, cat of the people 364 00:19:57,320 --> 00:19:59,520 Speaker 2: just changes in ten seconds. This has been a week 365 00:19:59,560 --> 00:20:00,480 Speaker 2: you got to let it go. 366 00:20:01,640 --> 00:20:04,120 Speaker 1: Sleeper story. I've done something. I'm going first, by the way. 367 00:20:04,160 --> 00:20:06,840 Speaker 1: I've done something very clever this week for the. 368 00:20:09,200 --> 00:20:11,320 Speaker 2: N nice start. Yes, we look forward to it. 369 00:20:11,880 --> 00:20:15,000 Speaker 1: I have read between the lines of some existing stories. 370 00:20:16,160 --> 00:20:20,400 Speaker 1: I've looked into the crystal ball, and I am prepared 371 00:20:20,440 --> 00:20:26,280 Speaker 1: to call it right now remote working, hybrid working, oh hybrid, 372 00:20:26,320 --> 00:20:29,199 Speaker 1: working on the way out. Companies have had enough and 373 00:20:29,240 --> 00:20:32,160 Speaker 1: it's about to get serious. How do I know? How 374 00:20:32,160 --> 00:20:35,720 Speaker 1: do I know this? Because they are getting desperate, right. 375 00:20:35,760 --> 00:20:39,160 Speaker 1: They have tried all kinds of things to lure people back. 376 00:20:39,200 --> 00:20:41,040 Speaker 1: We know this. We've seen this in the past. We've 377 00:20:41,080 --> 00:20:44,520 Speaker 1: seen these are the stories that I've referenced. Free coffee, 378 00:20:44,600 --> 00:20:47,280 Speaker 1: kind of free food, that had yoga, end of trip facilities, 379 00:20:47,320 --> 00:20:51,119 Speaker 1: all this kind of all these things to lure people 380 00:20:51,200 --> 00:20:53,760 Speaker 1: back to the office. They've reached the end of the line. 381 00:20:53,840 --> 00:20:57,080 Speaker 1: They are now offering something that we thought we would 382 00:20:57,200 --> 00:21:04,920 Speaker 1: never see again, dedicate allocated desks. That's right. We are 383 00:21:05,000 --> 00:21:09,440 Speaker 1: witnessing right now the end of hot desking, which has 384 00:21:09,480 --> 00:21:12,200 Speaker 1: been all the rage now for many years. And if 385 00:21:12,240 --> 00:21:16,680 Speaker 1: companies like Salesforce, huge companies like Salesforce and others are 386 00:21:16,720 --> 00:21:20,800 Speaker 1: willing to give that up in order to get people 387 00:21:20,880 --> 00:21:25,600 Speaker 1: back in, then they must be desperate. Because businesses love 388 00:21:26,040 --> 00:21:29,040 Speaker 1: hot desking. It reduces the number of desks, it's a 389 00:21:29,160 --> 00:21:31,959 Speaker 1: very efficient way to operate on paper, all that kind 390 00:21:32,040 --> 00:21:34,240 Speaker 1: of thing. But they are giving up on it, which 391 00:21:34,240 --> 00:21:37,160 Speaker 1: shows just how desperate companies are to get people back. 392 00:21:37,160 --> 00:21:39,640 Speaker 1: When they are prepared to do away with hot desking, 393 00:21:39,960 --> 00:21:45,720 Speaker 1: the next step is mandated compulsory full time attendance. So 394 00:21:45,880 --> 00:21:49,320 Speaker 1: mark my words, it is happening. You heard it here first. 395 00:21:49,520 --> 00:21:51,920 Speaker 1: And if they gave out gold Walkley Awards for Best 396 00:21:51,920 --> 00:21:54,280 Speaker 1: Predictions and Best Sleeper Stories, I'd be going home with 397 00:21:54,320 --> 00:21:56,160 Speaker 1: the gong right now. And you know where I would 398 00:21:56,160 --> 00:21:58,159 Speaker 1: be putting it. I'd be putting it on my desk 399 00:21:58,560 --> 00:22:01,360 Speaker 1: in my remote workplace. I will never leave because I'm 400 00:22:01,400 --> 00:22:05,080 Speaker 1: a remote and hybrid worker for life. Because at home, 401 00:22:05,440 --> 00:22:08,560 Speaker 1: my desk is my own. Nobody touches my stuff. So 402 00:22:08,760 --> 00:22:12,520 Speaker 1: long hot desks. We all hated you, Sean, what have 403 00:22:12,600 --> 00:22:12,920 Speaker 1: you got? 404 00:22:14,680 --> 00:22:18,280 Speaker 2: Mine's a bit more serious, and it's actually very very 405 00:22:18,560 --> 00:22:21,960 Speaker 2: relevant to everyone. It's kind of is it the end 406 00:22:21,960 --> 00:22:24,280 Speaker 2: of big tech as we know it? That's pretty big? 407 00:22:24,359 --> 00:22:27,800 Speaker 2: Actually probably not right, Let's face. 408 00:22:27,600 --> 00:22:30,639 Speaker 1: It, it feels like this has all the hallmarks of an 409 00:22:30,640 --> 00:22:31,680 Speaker 1: overreach here sean. 410 00:22:32,920 --> 00:22:35,160 Speaker 2: Look, it's sort of like the foothills of the mountains 411 00:22:35,160 --> 00:22:37,879 Speaker 2: that regulated need to climb to control the tech platforms. 412 00:22:37,920 --> 00:22:38,520 Speaker 2: How about that. 413 00:22:39,760 --> 00:22:42,399 Speaker 3: Beginning walking back, beginning base Camp. 414 00:22:42,840 --> 00:22:48,520 Speaker 2: It's well, it's more like Catman do hit face Camp, Okay, 415 00:22:49,280 --> 00:22:54,600 Speaker 2: just like the outskirts of cat Men do. Probably. This week, 416 00:22:54,640 --> 00:22:58,720 Speaker 2: European regulators charged Microsoft with breaking any trust rules by 417 00:22:58,720 --> 00:23:02,520 Speaker 2: bundling its Teams video conferencing and collaboration software with a 418 00:23:02,640 --> 00:23:06,800 Speaker 2: suite of other productivity tools, according to the EU, giving 419 00:23:06,840 --> 00:23:10,640 Speaker 2: it an unfair advantage of arrivals. Now, I admit this 420 00:23:10,720 --> 00:23:14,920 Speaker 2: is a tricky one when the judge is Adam right, 421 00:23:15,840 --> 00:23:18,360 Speaker 2: as you know, Michael Listeners, you need to know if 422 00:23:18,400 --> 00:23:22,720 Speaker 2: you send something to Adam in Excel, a Microsoft program, 423 00:23:22,960 --> 00:23:31,200 Speaker 2: it comes back to you in Google sheets, a word document, PowerPoint. 424 00:23:33,400 --> 00:23:37,240 Speaker 2: It comes back in docs, Google docs or Google slides. 425 00:23:37,560 --> 00:23:40,000 Speaker 4: Am I getting the feeling that this isn't your preferred 426 00:23:40,040 --> 00:23:40,760 Speaker 4: state shot. 427 00:23:41,000 --> 00:23:46,040 Speaker 2: It's Google is very cumbersome, less intuitive. It's actually a 428 00:23:46,040 --> 00:23:51,479 Speaker 2: pain in the hours. However, However, knowing Adam is a 429 00:23:51,520 --> 00:23:53,760 Speaker 2: Google man and not a team is man, he doesn't 430 00:23:53,760 --> 00:23:57,440 Speaker 2: like the team's environment. I feel I'm unfairly safe ground here. Now. 431 00:23:57,640 --> 00:23:59,480 Speaker 2: If I just got a swipe at you for always 432 00:23:59,480 --> 00:24:03,560 Speaker 2: putting all my I Excel into into the Google environment, 433 00:24:03,640 --> 00:24:06,679 Speaker 2: well say, so be it. But I do know that 434 00:24:06,720 --> 00:24:09,520 Speaker 2: you are a Google man, not a teams man. Regulator 435 00:24:09,560 --> 00:24:13,320 Speaker 2: said Microsoft's packaging of teams with other well established software tools, 436 00:24:13,720 --> 00:24:17,320 Speaker 2: so the other Microsoft product stuff like word Excel, PowerPoint, outlooks, 437 00:24:17,320 --> 00:24:21,280 Speaker 2: et cetera, amounts to an illegal abuse of market dominance 438 00:24:21,720 --> 00:24:26,480 Speaker 2: that rival companies like Zoom and Slack can't match. Regulators said, 439 00:24:26,480 --> 00:24:29,640 Speaker 2: businesses essentially had little choice but to take on teams. 440 00:24:29,960 --> 00:24:33,440 Speaker 2: So that's European regulators taking on Microsoft in a big way. 441 00:24:34,000 --> 00:24:37,679 Speaker 2: That was about Wednesday. On Monday, the same regulators accused 442 00:24:37,680 --> 00:24:41,040 Speaker 2: Apple of imposing unfair restrictions on developers for applications of 443 00:24:41,080 --> 00:24:45,480 Speaker 2: its app store, in violation of new EU competition rules. 444 00:24:45,680 --> 00:24:48,320 Speaker 2: Where this is really interesting is this is the first 445 00:24:48,400 --> 00:24:51,399 Speaker 2: time that something called the Digital Markets Act of twenty 446 00:24:51,440 --> 00:24:56,719 Speaker 2: twenty two has been tested in Europe. There's also cases 447 00:24:56,720 --> 00:25:01,119 Speaker 2: against Amazon, Google, Meta, TikTok and X. The two lawsuits 448 00:25:01,119 --> 00:25:05,520 Speaker 2: this week put the spotlight firmly on tech platforms, particularly Google. 449 00:25:05,600 --> 00:25:10,360 Speaker 2: Because this law is new, every other jurisdiction, including Australia, 450 00:25:10,720 --> 00:25:14,040 Speaker 2: is watching very closely what happens. The problem with the 451 00:25:14,080 --> 00:25:17,760 Speaker 2: tech platforms is they're too big to regulate no single jurisdiction, 452 00:25:17,840 --> 00:25:20,840 Speaker 2: as we found here in the case of X with 453 00:25:21,240 --> 00:25:24,679 Speaker 2: videos put up earlier in the year, you can't you 454 00:25:24,680 --> 00:25:28,080 Speaker 2: can't rule them. So when you get the EU, which 455 00:25:28,119 --> 00:25:31,359 Speaker 2: is a big group of countries coming together taking on 456 00:25:31,400 --> 00:25:34,920 Speaker 2: these tech platforms, everyone is watching to see what happens. 457 00:25:35,480 --> 00:25:37,760 Speaker 2: And I think it's a great sleeper story because if 458 00:25:37,760 --> 00:25:40,960 Speaker 2: they're successful, the tech platforms have to change the way 459 00:25:40,960 --> 00:25:45,000 Speaker 2: they they operate. So maybe we're beyond the outskirts of 460 00:25:45,040 --> 00:25:48,560 Speaker 2: Catman Do and kind of into the foothills, heading towards 461 00:25:48,600 --> 00:25:49,160 Speaker 2: base camp. 462 00:25:50,920 --> 00:25:51,840 Speaker 3: If inch to long. 463 00:25:53,040 --> 00:25:54,840 Speaker 2: I like that story more and now that I actually 464 00:25:55,080 --> 00:25:56,640 Speaker 2: told you than when I was thinking about it. 465 00:25:57,240 --> 00:25:59,640 Speaker 4: Do you remember too, It wasn't that long ago when 466 00:25:59,720 --> 00:26:02,120 Speaker 4: phone charge has all got standards. 467 00:26:02,240 --> 00:26:05,159 Speaker 2: That's the perfect example in that changed my world. 468 00:26:05,320 --> 00:26:08,600 Speaker 3: Yeah, yeah, God, thank God for that. Yeah. 469 00:26:08,640 --> 00:26:12,120 Speaker 1: But so did. Hot desking also changed your world. 470 00:26:13,720 --> 00:26:18,240 Speaker 4: I could hear the slight personal bias creeping into Michael's 471 00:26:18,280 --> 00:26:21,800 Speaker 4: story about hot desking. Hybrid working is on the way out, 472 00:26:22,160 --> 00:26:26,000 Speaker 4: hot desking is out, maybe just a fraction. 473 00:26:26,080 --> 00:26:28,240 Speaker 3: Early on that call, Michael. 474 00:26:28,760 --> 00:26:35,080 Speaker 1: No compared compared to Sean's call that the big tech 475 00:26:35,200 --> 00:26:38,399 Speaker 1: is done for like that, remember where he started. He 476 00:26:38,480 --> 00:26:42,960 Speaker 1: started at Everest and worked his way backwards. So anyway, 477 00:26:43,440 --> 00:26:46,280 Speaker 1: I think I sense where this is going, and I'm 478 00:26:46,280 --> 00:26:48,040 Speaker 1: just gonna put it on the record. I don't like it. 479 00:26:49,880 --> 00:26:52,320 Speaker 2: What I don't understand. And you pick a topic like 480 00:26:52,359 --> 00:26:54,760 Speaker 2: hot desking, which you know Adam loves, and you go 481 00:26:54,840 --> 00:26:58,000 Speaker 2: against it. I just I played the judge much better 482 00:26:58,000 --> 00:26:58,440 Speaker 2: than you did. 483 00:26:58,760 --> 00:27:02,640 Speaker 1: Yeah, but see, I don't do that. I consider it unethical. 484 00:27:03,040 --> 00:27:04,800 Speaker 3: To wait for the judgment. 485 00:27:06,960 --> 00:27:07,199 Speaker 1: Go on. 486 00:27:07,440 --> 00:27:11,320 Speaker 4: I look, we're still mostly it seems to me three 487 00:27:11,400 --> 00:27:14,680 Speaker 4: days a week in an office. But each of one 488 00:27:14,680 --> 00:27:17,280 Speaker 4: of us, right, and probably like many people listening to 489 00:27:17,320 --> 00:27:20,239 Speaker 4: this podcast, will have more than one job or more 490 00:27:20,240 --> 00:27:21,760 Speaker 4: than one client that they work with and have to 491 00:27:21,800 --> 00:27:26,040 Speaker 4: engage with different systems, And it is a punish the 492 00:27:26,080 --> 00:27:31,600 Speaker 4: interoperability between Apple Microsoft products. It's a punish when you 493 00:27:31,640 --> 00:27:34,119 Speaker 4: have to drop from one environment to another and the 494 00:27:34,240 --> 00:27:37,720 Speaker 4: computer gets confused, maybe even the operator too, it's. 495 00:27:37,520 --> 00:27:40,199 Speaker 2: Punished using Google docs. I'm sorry that just is. 496 00:27:41,000 --> 00:27:44,600 Speaker 1: I love Google Docs adams, I genuinely do well. 497 00:27:44,600 --> 00:27:47,600 Speaker 4: They have great function and are easily shared, but they're 498 00:27:47,640 --> 00:27:49,399 Speaker 4: not as beautiful as. 499 00:27:49,920 --> 00:27:54,560 Speaker 3: Word you know, as Microsoft products, or as easy to use. 500 00:27:55,080 --> 00:28:02,119 Speaker 2: Who won, Sean wins loving. 501 00:28:01,880 --> 00:28:06,399 Speaker 1: This today is I know I've used this term before, 502 00:28:06,440 --> 00:28:11,160 Speaker 1: but today is total bs. 503 00:28:09,280 --> 00:28:11,440 Speaker 3: Even more total, a bigger total bs. 504 00:28:11,680 --> 00:28:17,160 Speaker 1: Yes, bbs, Sean, you go first for your favorite story, 505 00:28:17,400 --> 00:28:19,640 Speaker 1: so it's two to one. We can still this could 506 00:28:19,680 --> 00:28:20,440 Speaker 1: still be a boy. 507 00:28:20,480 --> 00:28:24,640 Speaker 2: Yes, it could be glorious straw timeliness, timeliness, timeless. Keep 508 00:28:24,680 --> 00:28:28,639 Speaker 2: that in mind. The average salary for an Olympic athlete 509 00:28:29,640 --> 00:28:31,720 Speaker 2: is anyone, anyone? 510 00:28:31,960 --> 00:28:36,200 Speaker 3: Oh good question. Seventy eight thousand dollars. 511 00:28:36,680 --> 00:28:44,240 Speaker 1: I'm gonna go slightly less seventy seven. 512 00:28:43,080 --> 00:28:47,960 Speaker 2: Cheats what currency US? 513 00:28:47,960 --> 00:28:49,560 Speaker 1: Just as a just as a random guess. If this 514 00:28:49,600 --> 00:28:51,200 Speaker 1: is the prices right, You've got to get the closest 515 00:28:51,200 --> 00:28:53,479 Speaker 1: without going over sharing. 516 00:28:53,680 --> 00:28:56,720 Speaker 2: Sharing my notes doesn't work. Seventy seven three hundred US 517 00:28:56,720 --> 00:29:00,480 Speaker 2: dollars a year. Average salary for an Olympic athlete. That's 518 00:29:00,520 --> 00:29:03,200 Speaker 2: according to Indeed, which is the big job board. Now, 519 00:29:03,200 --> 00:29:05,719 Speaker 2: I'm sure you saying Vault made more, but the run 520 00:29:05,920 --> 00:29:10,480 Speaker 2: of the mill Olympian, the average everyday Olympian, if there 521 00:29:10,520 --> 00:29:13,320 Speaker 2: is such a person, makes about one hundred and ten 522 00:29:13,360 --> 00:29:17,120 Speaker 2: thousand OUSSIE dollars. So when you're watching your favorite sport 523 00:29:17,160 --> 00:29:20,320 Speaker 2: in Paris next month or not at the Paris Olympics 524 00:29:20,320 --> 00:29:23,360 Speaker 2: next month, keep that in mind. All the sweat and 525 00:29:23,400 --> 00:29:27,000 Speaker 2: toil and hard work and sacrifice for not that much money. 526 00:29:27,320 --> 00:29:29,920 Speaker 2: That's why my favorite story this week comes from US 527 00:29:30,040 --> 00:29:33,920 Speaker 2: Olympic champion Michael Johnson, who unveiled a new competition to 528 00:29:34,000 --> 00:29:37,920 Speaker 2: elevate elite athletes and athletics. It's called Graham Slam Track. 529 00:29:38,320 --> 00:29:40,920 Speaker 2: Scheduled to start next year, There'll be four Grand Slams, 530 00:29:40,920 --> 00:29:44,240 Speaker 2: one in LA one in another US city, two outside 531 00:29:44,360 --> 00:29:47,160 Speaker 2: the US. It'll be backed by about thirty million dollars 532 00:29:47,160 --> 00:29:51,320 Speaker 2: of commitments from investors, including hedge fund billionaire Bill Ackman. 533 00:29:51,640 --> 00:29:53,840 Speaker 2: Winners in each event will win about one hundred thousand 534 00:29:54,120 --> 00:29:59,040 Speaker 2: US dollars. All top eight play scatters will earn something suddenly. 535 00:29:59,040 --> 00:30:01,200 Speaker 2: This done get paid need for what they do. Johnson 536 00:30:01,240 --> 00:30:04,080 Speaker 2: says the competition is built for today's audience. Each athlete 537 00:30:04,120 --> 00:30:07,760 Speaker 2: will compete twice at each slam event. Basically, you know, 538 00:30:07,840 --> 00:30:11,640 Speaker 2: you go to an athletics meeting and it's one hundred 539 00:30:11,640 --> 00:30:13,200 Speaker 2: meter dash, You duck out of the toilet and you 540 00:30:13,240 --> 00:30:15,400 Speaker 2: come back and you just spent hundreds of dollars getting 541 00:30:15,400 --> 00:30:16,880 Speaker 2: the seat, but you went to the loo in the 542 00:30:16,920 --> 00:30:19,080 Speaker 2: eleven seconds that it took to run the event, and 543 00:30:19,120 --> 00:30:23,920 Speaker 2: that's it, so right timing. Okay, kids, let's move on. 544 00:30:24,840 --> 00:30:28,400 Speaker 2: So they're going to run twice, which is twice good 545 00:30:28,400 --> 00:30:32,120 Speaker 2: of space. Already some athletes from Olympic Athletes have said 546 00:30:32,120 --> 00:30:35,040 Speaker 2: they'll join the group. Under the proposal, there'll be forty 547 00:30:35,080 --> 00:30:38,360 Speaker 2: eight paid races and forty eight challengers Now Will Athletics, 548 00:30:38,400 --> 00:30:41,440 Speaker 2: the governing body for track, also recently announced a first 549 00:30:41,440 --> 00:30:43,840 Speaker 2: of its kind plan to award fifty thousand dollars to 550 00:30:44,160 --> 00:30:47,360 Speaker 2: all of this year's Olympic gold medalists, So at least 551 00:30:47,880 --> 00:30:51,600 Speaker 2: Well Athletics is trying to make this financially viable for people. 552 00:30:52,080 --> 00:30:56,160 Speaker 2: The federation will also start the Ultimate Championship in twenty 553 00:30:56,200 --> 00:30:58,719 Speaker 2: twenty six that'll bring the top year's top performers together 554 00:30:59,160 --> 00:31:02,160 Speaker 2: and award a hunt and fifty thousand dollars in first prizes. 555 00:31:02,920 --> 00:31:06,440 Speaker 2: Athletics is one of the biggest participation sports in the world. 556 00:31:06,720 --> 00:31:10,280 Speaker 2: But like swimming and cycling other huge participation in sports, 557 00:31:10,640 --> 00:31:12,920 Speaker 2: it just it has a huge fan base. But there 558 00:31:12,920 --> 00:31:17,480 Speaker 2: are limited opportunities for people to attend the Diamond League, 559 00:31:17,480 --> 00:31:22,080 Speaker 2: which is actually the main athletics event globally outside the Olympics, 560 00:31:22,920 --> 00:31:25,400 Speaker 2: that has just been dropped by US television for example, 561 00:31:25,440 --> 00:31:27,440 Speaker 2: So there's no money in the Diamond League anymore. 562 00:31:27,640 --> 00:31:27,760 Speaker 1: So. 563 00:31:27,800 --> 00:31:30,320 Speaker 2: The fact that Michael Johnson, a man who I saw 564 00:31:30,680 --> 00:31:36,240 Speaker 2: in nineteen ninety six at the US Trials, break the 565 00:31:36,280 --> 00:31:38,920 Speaker 2: world record for two hundred meters in perigalhoos, so I 566 00:31:39,000 --> 00:31:41,160 Speaker 2: like him anyway. The fact that he is putting money 567 00:31:41,160 --> 00:31:46,320 Speaker 2: into the sport for these people who works so hard. Well, 568 00:31:46,480 --> 00:31:49,840 Speaker 2: my favorite story of the week, Michael. 569 00:31:50,520 --> 00:31:55,520 Speaker 1: My favorite story this week is about the unsung hero 570 00:31:56,680 --> 00:32:03,160 Speaker 1: of the Australian aviation sector, Rex Airlines. And you know why, 571 00:32:03,200 --> 00:32:06,640 Speaker 1: I think this humble domestic airline deserves a big pat 572 00:32:06,680 --> 00:32:09,280 Speaker 1: on the back or on the tailfin orever you pattern 573 00:32:09,320 --> 00:32:14,520 Speaker 1: aircraft because this week they were the only Australian airline 574 00:32:14,840 --> 00:32:20,320 Speaker 1: to rise in the prestigious Skytracks World Airline Awards, higher 575 00:32:20,320 --> 00:32:23,400 Speaker 1: than Virgin, higher than Jet Star, both of those went backwards. 576 00:32:23,880 --> 00:32:26,960 Speaker 1: So good on REX, which really feels like I don't 577 00:32:27,000 --> 00:32:28,200 Speaker 1: know whether it feels like this to you, but it 578 00:32:28,240 --> 00:32:31,240 Speaker 1: certainly does to me. It feels like REX has grown 579 00:32:31,320 --> 00:32:34,480 Speaker 1: up over the past few years, kind of moving into 580 00:32:34,520 --> 00:32:37,520 Speaker 1: seven three sevens. It's always just kind of flown the 581 00:32:37,920 --> 00:32:41,440 Speaker 1: regional and rural routes with kind of like your dash 582 00:32:41,440 --> 00:32:43,600 Speaker 1: etes and things, and moving into seven three sevens, into 583 00:32:43,640 --> 00:32:46,959 Speaker 1: the inter jets and flying the Golden Triangle Sydney, Melbourne, 584 00:32:46,960 --> 00:32:50,360 Speaker 1: Brisbane rather than just those regional and rural destinations. It 585 00:32:50,400 --> 00:32:53,000 Speaker 1: feels like REX has really kind of come into its 586 00:32:53,000 --> 00:32:58,680 Speaker 1: own and these awards, which are described as of course 587 00:32:59,240 --> 00:33:04,520 Speaker 1: the os of the aviation sector, really do reflect that. 588 00:33:04,800 --> 00:33:07,760 Speaker 1: And on the flip side, we've got the ongoing decline 589 00:33:07,880 --> 00:33:11,000 Speaker 1: of Australia's national carrier Quantus. 590 00:33:11,280 --> 00:33:13,320 Speaker 2: For what was it. 591 00:33:13,760 --> 00:33:16,600 Speaker 1: Nearly a decade, more than a decade it ranked consistently 592 00:33:16,720 --> 00:33:20,400 Speaker 1: within or very close to the top ten. It is 593 00:33:20,520 --> 00:33:25,960 Speaker 1: now ranked number twenty four, twenty four, down from seventeen 594 00:33:26,120 --> 00:33:29,720 Speaker 1: last year. Can you believe that? Can you believe how 595 00:33:29,800 --> 00:33:33,040 Speaker 1: far quantuses fall? And these awards are measured on comfort 596 00:33:33,120 --> 00:33:37,200 Speaker 1: and food and entertainment, service, aircraft, fleet, all the kinds 597 00:33:37,240 --> 00:33:40,840 Speaker 1: of things that passengers really care about. So clearly, for 598 00:33:40,960 --> 00:33:42,480 Speaker 1: Quantis there is a lot of work to do. The 599 00:33:42,480 --> 00:33:46,160 Speaker 1: pressure is on this company. It's on CEO Vanessa Hudson 600 00:33:46,200 --> 00:33:50,040 Speaker 1: to turn things around after an awful, awful eighteen months 601 00:33:50,120 --> 00:33:51,880 Speaker 1: or so. She has committed two hundred and thirty million 602 00:33:51,880 --> 00:33:53,800 Speaker 1: dollars in spending to improve the airline, and by the 603 00:33:53,800 --> 00:33:55,920 Speaker 1: sounds of it, every cent of that is going to 604 00:33:55,920 --> 00:33:58,680 Speaker 1: be needed. I don't want to focus on the negative 605 00:33:58,960 --> 00:34:02,480 Speaker 1: though I'm not by my very nature, I'm not a 606 00:34:02,560 --> 00:34:07,160 Speaker 1: negative person. I want this to be a positive story 607 00:34:07,360 --> 00:34:11,840 Speaker 1: about a little Australian airline punching above its weight, rising 608 00:34:12,160 --> 00:34:17,719 Speaker 1: soaring through the global rankings. Rex, never mind that Garuda 609 00:34:17,800 --> 00:34:20,799 Speaker 1: and Ethiopian and Azerbaijan Airlines are still ahead of you 610 00:34:20,840 --> 00:34:24,240 Speaker 1: and the rankings. Just keep your eyes on the prize 611 00:34:24,280 --> 00:34:28,040 Speaker 1: taking top spot from Qatar Airways, which is which is 612 00:34:28,360 --> 00:34:34,560 Speaker 1: entirely possible, just very very very unlikely. But still this 613 00:34:34,719 --> 00:34:37,239 Speaker 1: is my favorite story of the week. 614 00:34:37,400 --> 00:34:38,000 Speaker 2: Go Rex. 615 00:34:39,400 --> 00:34:43,200 Speaker 4: Sean wins this one for me. I think it's just 616 00:34:43,440 --> 00:34:47,000 Speaker 4: incredible that these athletes train so hard and are so 617 00:34:47,160 --> 00:34:49,799 Speaker 4: dedicated over years and years and years, and they get 618 00:34:49,840 --> 00:34:54,239 Speaker 4: so few outlets to show their capabilities and compete. So 619 00:34:54,320 --> 00:34:57,400 Speaker 4: I think this is wonderful, brilliant, great business move. It's 620 00:34:57,400 --> 00:34:59,520 Speaker 4: one of those things you go, God, I probably should 621 00:34:59,520 --> 00:35:02,239 Speaker 4: have thought of that, but it's really really good. 622 00:35:02,320 --> 00:35:03,760 Speaker 2: Part from the thirty million bucks. 623 00:35:04,280 --> 00:35:08,120 Speaker 3: Yeah, sure, I haven't. I haven't got that quite lying 624 00:35:08,160 --> 00:35:11,000 Speaker 3: around at the moment, but it is. I think it's 625 00:35:11,040 --> 00:35:11,720 Speaker 3: a great idea. 626 00:35:11,960 --> 00:35:13,760 Speaker 4: And I hope when we see things like live golf 627 00:35:13,800 --> 00:35:17,040 Speaker 4: happen and the PGA gets shaken up, this is another 628 00:35:17,080 --> 00:35:18,800 Speaker 4: thing that can be for the benefit of athletes. 629 00:35:18,880 --> 00:35:20,000 Speaker 3: So wonderful story. 630 00:35:20,760 --> 00:35:22,200 Speaker 2: Thank you very much, Thank you. 631 00:35:23,280 --> 00:35:28,520 Speaker 1: We've seen something terrible happen here today, a travesty, a 632 00:35:28,560 --> 00:35:31,520 Speaker 1: miscarriage of justice. The cat of the people and the 633 00:35:31,560 --> 00:35:34,760 Speaker 1: man of the people have both been betrayed by you. Adam. 634 00:35:34,960 --> 00:35:39,920 Speaker 1: Three to one, quick little lug to the Sunday Feature 635 00:35:39,920 --> 00:35:40,840 Speaker 1: interview tomorrow. 636 00:35:41,239 --> 00:35:45,040 Speaker 3: Oh yes, I am. 637 00:35:44,560 --> 00:35:48,319 Speaker 1: Because I decide. What we do is the Sunday Feature. 638 00:35:49,600 --> 00:35:52,960 Speaker 3: Reaching into the archive. What have you got for us? Michael? 639 00:35:53,160 --> 00:35:56,520 Speaker 1: We are featuring an interview with John Sharp, who is 640 00:35:56,680 --> 00:36:00,560 Speaker 1: the chair of REX and this is from twenty one. 641 00:36:00,560 --> 00:36:02,040 Speaker 1: This is a fantastic interview. 642 00:36:02,320 --> 00:36:03,759 Speaker 3: Doesn't he call it straight too? 643 00:36:03,880 --> 00:36:04,040 Speaker 2: Oh? 644 00:36:04,120 --> 00:36:07,040 Speaker 1: Yeah, he really does, and so and of course Sewn 645 00:36:07,040 --> 00:36:08,640 Speaker 1: when you spoke to him back in twenty twenty one. 646 00:36:08,680 --> 00:36:11,000 Speaker 1: This is just when they were taking on Countess on 647 00:36:11,040 --> 00:36:14,200 Speaker 1: their Golden Triangle and he just gave it to Qantest, 648 00:36:14,239 --> 00:36:17,520 Speaker 1: calling contest a bully. All this it's just he just 649 00:36:17,800 --> 00:36:19,800 Speaker 1: rips in. And maybe I should have mentioned this before 650 00:36:20,040 --> 00:36:22,960 Speaker 1: before Adam made his decision, and maybe just it might 651 00:36:22,960 --> 00:36:24,880 Speaker 1: have swayed a little bit towards me. Anyway, What was 652 00:36:24,920 --> 00:36:28,000 Speaker 1: the final So check out that tomorrow, yeah, Sunday feature 653 00:36:28,320 --> 00:36:30,120 Speaker 1: on the Fear and Greed playlist. You'll hear that one. 654 00:36:30,160 --> 00:36:32,280 Speaker 1: It's a riper of an interview. What was the final scores? 655 00:36:32,560 --> 00:36:35,880 Speaker 4: Sean wins three to one on the story count points 656 00:36:36,560 --> 00:36:45,440 Speaker 4: eighty eight, Michael ninety sean high quality battle? Very close? 657 00:36:45,680 --> 00:36:46,440 Speaker 2: Was it? 658 00:36:46,520 --> 00:36:47,000 Speaker 3: I think so? 659 00:36:47,160 --> 00:36:49,480 Speaker 2: Actually? Look, I don't think. I don't think this was 660 00:36:49,600 --> 00:36:54,839 Speaker 2: like a prime week in all honesty, Like I think 661 00:36:54,920 --> 00:36:58,120 Speaker 2: Michael like the first story. I mean, I was good, Michael. 662 00:36:58,239 --> 00:37:00,319 Speaker 2: His first story was about something that's not gonna happened 663 00:37:00,320 --> 00:37:03,560 Speaker 2: about interest rates. His third story was about something he's 664 00:37:03,600 --> 00:37:06,239 Speaker 2: not going to happen. Mate working dying like, I don't 665 00:37:06,280 --> 00:37:08,200 Speaker 2: even think you put an effort in this week, Michael. 666 00:37:08,280 --> 00:37:11,000 Speaker 2: I just maybe we should dock his pay or something. 667 00:37:12,360 --> 00:37:16,480 Speaker 1: I put effort into the melodrama finding. 668 00:37:16,160 --> 00:37:18,239 Speaker 2: A cat that's named after you. But that's about it. 669 00:37:18,440 --> 00:37:22,279 Speaker 1: You do the facts, I do the color. So that's 670 00:37:22,320 --> 00:37:25,520 Speaker 1: how it works. Yeah, which is bad. Then when I'm 671 00:37:25,560 --> 00:37:29,560 Speaker 1: presenting half of the facts in this in this particular episode, 672 00:37:29,800 --> 00:37:32,319 Speaker 1: it does make you question kind of what I'm telling you. 673 00:37:32,440 --> 00:37:34,879 Speaker 1: But I genuinely I do believe I should have won. 674 00:37:35,680 --> 00:37:38,240 Speaker 1: Thank you very much, Adam, Thank you, Michael, Thank you, Sean, 675 00:37:38,480 --> 00:37:40,280 Speaker 1: and thank you and congratulations Sean. 676 00:37:40,760 --> 00:37:44,920 Speaker 2: Thank you, Michael, Thank you Adam. Another excellent effort this week, Dansky, 677 00:37:45,760 --> 00:37:46,160 Speaker 2: well done. 678 00:37:46,280 --> 00:37:48,200 Speaker 1: I thought you were congratulating yourself there. 679 00:37:48,680 --> 00:37:49,319 Speaker 2: Happy to do that. 680 00:37:49,600 --> 00:37:53,960 Speaker 1: Another excellent effort there, Sean, well done, Well done, Ailma. 681 00:37:54,040 --> 00:37:56,520 Speaker 1: All right, make sure you're following the podcast. Join us 682 00:37:56,560 --> 00:38:00,520 Speaker 1: online on LinkedIn, Instagram, ex TikTok, and Facebook. Paul Thompson 683 00:38:00,520 --> 00:38:02,640 Speaker 1: and that was Beer and grade. Have a great weekend.