1 00:00:06,240 --> 00:00:08,639 Speaker 1: This is the weekend edition of Fear and Greed business 2 00:00:08,680 --> 00:00:11,080 Speaker 1: news you can use. I'm Michael Thompson, and good morning 3 00:00:11,119 --> 00:00:11,840 Speaker 1: Sean Aylmer. 4 00:00:12,160 --> 00:00:14,360 Speaker 2: Good morning, Michael Shaw. 5 00:00:14,240 --> 00:00:17,480 Speaker 1: On the weekend show. After a great start, here are we. 6 00:00:17,280 --> 00:00:19,599 Speaker 2: Well, Look, there was a bit of carrying on ahead 7 00:00:19,680 --> 00:00:21,919 Speaker 2: of the introduction just then, and so you and I 8 00:00:21,960 --> 00:00:23,360 Speaker 2: are still come to your terms and that I'm going 9 00:00:23,400 --> 00:00:25,120 Speaker 2: to help you out by saying that the weekend shows 10 00:00:25,440 --> 00:00:27,680 Speaker 2: what about the two of us nominating what we think 11 00:00:27,760 --> 00:00:29,560 Speaker 2: is the biggest story of the week's week, the most 12 00:00:29,560 --> 00:00:32,640 Speaker 2: remarkable story, mister category, and our favorite story. Every week 13 00:00:32,680 --> 00:00:35,600 Speaker 2: we're joined by a judge to pick a winner. Of course, 14 00:00:36,200 --> 00:00:42,280 Speaker 2: our judge, the wonderful, the inimitable, the incredibly well dressed. 15 00:00:42,320 --> 00:00:47,760 Speaker 2: As always Fear and Greed, our own Adam Lange, come 16 00:00:47,800 --> 00:00:48,560 Speaker 2: on down. 17 00:00:49,159 --> 00:00:51,000 Speaker 3: Hello, stylish, good morning. 18 00:00:52,840 --> 00:00:54,880 Speaker 1: I thought I thought for a second there that since 19 00:00:54,880 --> 00:00:56,400 Speaker 1: you were doing the intro, we would be able to 20 00:00:56,440 --> 00:00:58,720 Speaker 1: get going faster than when I do it. And then 21 00:00:58,920 --> 00:01:02,200 Speaker 1: you had to add so many flourishes that in the 22 00:01:02,240 --> 00:01:06,120 Speaker 1: end we are now actually behind where we would normally be. Adam, 23 00:01:06,160 --> 00:01:08,480 Speaker 1: it's now on you to speed bring it up a 24 00:01:08,520 --> 00:01:12,520 Speaker 1: little bit. Can you give us an abbreviated list of 25 00:01:12,560 --> 00:01:14,119 Speaker 1: your criteria. What are you looking for? 26 00:01:14,160 --> 00:01:18,280 Speaker 3: Sure? Economic impact, right then topicality, timeliness, a bit of 27 00:01:18,280 --> 00:01:21,600 Speaker 3: subjective bias, and please melodrama bring it on. 28 00:01:21,520 --> 00:01:24,199 Speaker 2: Please melodrama wrapping the metal dramma this week. 29 00:01:24,440 --> 00:01:27,000 Speaker 1: Okay, that's a key criteria. In fact, I would say 30 00:01:27,000 --> 00:01:31,679 Speaker 1: it's number one. Biggest story of the week. Sean, you 31 00:01:31,760 --> 00:01:32,680 Speaker 1: get yours out of the way. 32 00:01:37,480 --> 00:01:42,280 Speaker 2: One big story this week inflation, inflation, inflation, and let 33 00:01:42,360 --> 00:01:46,720 Speaker 2: me put that in English. No interest rate carts. Of course, 34 00:01:46,800 --> 00:01:49,000 Speaker 2: it's the biggest story of the week, no matter what 35 00:01:49,080 --> 00:01:51,600 Speaker 2: froth and bubble Mickey t might throw at you. Adam. 36 00:01:51,800 --> 00:01:55,240 Speaker 2: September quarter inflation came in at a whopping one point 37 00:01:55,280 --> 00:01:58,040 Speaker 2: three percent, thanks in large part to the end of 38 00:01:58,080 --> 00:02:01,440 Speaker 2: a government electricity rebate. Don't care about that number so 39 00:02:01,640 --> 00:02:05,520 Speaker 2: much much more important the underlying rate, the trimmed mean 40 00:02:05,600 --> 00:02:09,200 Speaker 2: measure that takes out the top fifteen and bottom fifteen 41 00:02:09,240 --> 00:02:12,440 Speaker 2: percent of price movements, gives you a fair look at 42 00:02:12,440 --> 00:02:17,919 Speaker 2: what's going on. That number jumped one percent, way above 43 00:02:17,919 --> 00:02:20,760 Speaker 2: the Reserve Banks forecast of zero point six percent. Annual 44 00:02:20,800 --> 00:02:23,200 Speaker 2: trimmed mean inflation is now running at three percent at 45 00:02:23,200 --> 00:02:25,560 Speaker 2: the very top end of the Reserve Banks target band. 46 00:02:25,840 --> 00:02:29,960 Speaker 2: The headline inflation three point two percent, a fifteen month high. 47 00:02:30,200 --> 00:02:32,760 Speaker 2: You know the great thing about economics, Normally it's always 48 00:02:32,800 --> 00:02:35,440 Speaker 2: like a yes, but moment with data, so yes, the 49 00:02:35,480 --> 00:02:37,239 Speaker 2: number was high, but if you look at the details, 50 00:02:37,520 --> 00:02:42,440 Speaker 2: wasn't that bad? Not this time around. Services inflation rows, 51 00:02:42,480 --> 00:02:46,600 Speaker 2: goods inflation rows. There were price increases across the board, 52 00:02:46,800 --> 00:02:49,040 Speaker 2: signs that business have been able to pass through high 53 00:02:49,160 --> 00:02:52,840 Speaker 2: cost to consumers rather than pushing on their own profit. 54 00:02:52,919 --> 00:02:55,520 Speaker 2: What you actually want is that consumers pay a bit 55 00:02:55,560 --> 00:02:59,360 Speaker 2: more and businesses feel it a bit more. We're not 56 00:02:59,440 --> 00:03:06,280 Speaker 2: really that the upshot of this nasty roguege number. No 57 00:03:06,440 --> 00:03:09,040 Speaker 2: more rate cuts at least this year. Well, some econmas 58 00:03:09,080 --> 00:03:12,119 Speaker 2: still believe there will be cuts next year's next year. 59 00:03:12,680 --> 00:03:17,120 Speaker 2: Others are reassessing end of the raid cut cycle potentially. 60 00:03:17,160 --> 00:03:19,480 Speaker 2: Adam be that Michael. 61 00:03:20,400 --> 00:03:23,600 Speaker 1: Ah Sean, I didn't think I would need to remind 62 00:03:23,600 --> 00:03:26,320 Speaker 1: you of this, but you are taking a very narrow 63 00:03:26,560 --> 00:03:29,120 Speaker 1: view of the biggest story of the week. Because we are, 64 00:03:29,160 --> 00:03:33,040 Speaker 1: in fact a global podcast, we have listeners every week. 65 00:03:33,080 --> 00:03:35,320 Speaker 1: I was just checking some of the data and we 66 00:03:35,440 --> 00:03:38,040 Speaker 1: have got a lot of listeners in the United States, 67 00:03:38,400 --> 00:03:42,360 Speaker 1: New Zealand, United Kingdom, Hong Kong, Spain, Brazil, Japan, Singapore, 68 00:03:42,400 --> 00:03:47,160 Speaker 1: the United Arab Emirates. That this is a truly global juggernaut. 69 00:03:47,840 --> 00:03:51,000 Speaker 2: Fearing what I like, there's some of the countries where 70 00:03:51,040 --> 00:03:54,920 Speaker 2: there's one or two listens every day. Yeah, some of 71 00:03:54,960 --> 00:03:59,240 Speaker 2: the Eastern European countries, there's just there's someone over there 72 00:03:59,280 --> 00:03:59,960 Speaker 2: that just likes us. 73 00:04:00,080 --> 00:04:01,880 Speaker 1: Well, I tell you, in the last week, we have 74 00:04:02,280 --> 00:04:07,680 Speaker 1: had one person listening regularly in Serbia, one person regularly 75 00:04:07,680 --> 00:04:11,360 Speaker 1: listening in Peru, and one person regularly listening in of 76 00:04:11,360 --> 00:04:12,720 Speaker 1: all places, Kazakhstan. 77 00:04:13,520 --> 00:04:15,400 Speaker 3: So it's just hello to you all. 78 00:04:15,600 --> 00:04:18,359 Speaker 1: Yeah, indeed to you all. That's welcome, welcome and to 79 00:04:18,400 --> 00:04:23,479 Speaker 1: you the Romanian listeners and the plural there listener. 80 00:04:23,600 --> 00:04:25,200 Speaker 2: Yes, that's a good point too. 81 00:04:25,960 --> 00:04:27,760 Speaker 1: I mean they might listen with their family, they might 82 00:04:27,800 --> 00:04:29,919 Speaker 1: all gather around and listen, because this is also a 83 00:04:29,960 --> 00:04:34,479 Speaker 1: family podcast, not just a global podcast. But but we 84 00:04:34,600 --> 00:04:37,520 Speaker 1: have to take a global view of what the biggest 85 00:04:37,560 --> 00:04:40,039 Speaker 1: story of the week is and the story that most 86 00:04:40,040 --> 00:04:43,200 Speaker 1: affected I would say markets cause the gold price to drop, 87 00:04:43,279 --> 00:04:47,000 Speaker 1: gave investors some optimism was the easing trade tensions between 88 00:04:47,080 --> 00:04:51,320 Speaker 1: China and the US, headlined of course by the meeting 89 00:04:51,440 --> 00:04:54,520 Speaker 1: in South Korea between Donald Trump and Jijian Ping, the 90 00:04:54,720 --> 00:04:59,520 Speaker 1: first face to face meeting in six years. 91 00:04:59,600 --> 00:04:59,760 Speaker 2: Now. 92 00:04:59,760 --> 00:05:04,080 Speaker 1: This it wasn't just any ordinary meeting. Donald Trump, who 93 00:05:04,120 --> 00:05:07,400 Speaker 1: has never exaggerated in his life, I will point this out. 94 00:05:08,000 --> 00:05:08,960 Speaker 1: He declared of. 95 00:05:08,960 --> 00:05:11,000 Speaker 2: Understatement, that's right, of understatement. 96 00:05:11,400 --> 00:05:13,680 Speaker 1: He declared it to be a twelve out of ten 97 00:05:14,600 --> 00:05:17,120 Speaker 1: in terms of meetings on the meeting scale. 98 00:05:17,000 --> 00:05:19,239 Speaker 2: The irony of that is that he had no idea 99 00:05:19,680 --> 00:05:22,160 Speaker 2: that you couldn't do that. 100 00:05:24,200 --> 00:05:27,120 Speaker 1: The thing is here, this meeting did lead to real results, 101 00:05:27,240 --> 00:05:31,760 Speaker 1: reducing tariffs, kind of greater crackdown on fentanyl components and 102 00:05:32,000 --> 00:05:35,920 Speaker 1: things coming out of China. Did it rare earths? Yes, 103 00:05:36,080 --> 00:05:37,479 Speaker 1: Trump is going to visit. 104 00:05:39,320 --> 00:05:42,320 Speaker 2: If you look at all the media, not in a 105 00:05:42,400 --> 00:05:48,240 Speaker 2: few hours after the meeting, but yesterday. The whole point 106 00:05:48,279 --> 00:05:50,440 Speaker 2: is we haven't actually got a deal here, A twelve 107 00:05:50,480 --> 00:05:51,480 Speaker 2: out of ten non deal. 108 00:05:51,800 --> 00:05:55,080 Speaker 1: Yeah, but it's it's little bits and pieces, and you 109 00:05:55,120 --> 00:05:57,320 Speaker 1: know what, you put them all together and it makes 110 00:05:57,360 --> 00:05:59,920 Speaker 1: a mighty big hole. It makes a twelve out of ten. 111 00:06:00,520 --> 00:06:06,559 Speaker 1: Sean and also, what significant is the commitment for Donald 112 00:06:06,560 --> 00:06:09,400 Speaker 1: Trump to visit China in April of next year, and 113 00:06:09,480 --> 00:06:12,680 Speaker 1: President she to visit the US after that. This is 114 00:06:12,760 --> 00:06:17,400 Speaker 1: a thawing of relations, the tensions that we've been talking 115 00:06:17,440 --> 00:06:20,120 Speaker 1: about for so long. I'm going to say they're pretty 116 00:06:20,200 --> 00:06:25,760 Speaker 1: much entirely gone, which is a Trump Esque exaggeration, isn't it. 117 00:06:25,760 --> 00:06:28,160 Speaker 1: It is also worth noting that just before the meeting, 118 00:06:28,240 --> 00:06:29,680 Speaker 1: and this is an important part, so make sure you 119 00:06:29,680 --> 00:06:32,520 Speaker 1: write this down to Adam, the US President announced on 120 00:06:32,640 --> 00:06:36,920 Speaker 1: social media that the US would resume nuclear testing on 121 00:06:36,960 --> 00:06:39,560 Speaker 1: an equal basis to its rivals. Now, considering that the 122 00:06:39,640 --> 00:06:43,279 Speaker 1: US hasn't tested a weapon since nineteen ninety two, I 123 00:06:43,320 --> 00:06:47,200 Speaker 1: would argue, in fact, I would declare here right now, 124 00:06:47,279 --> 00:06:50,440 Speaker 1: that the world has just become a more dangerous place 125 00:06:50,480 --> 00:06:53,080 Speaker 1: this week, even though those trade tensions are easing. This 126 00:06:53,200 --> 00:06:54,760 Speaker 1: is the biggest story of. 127 00:06:54,640 --> 00:06:56,000 Speaker 2: The one of contradictions. 128 00:06:56,000 --> 00:07:01,240 Speaker 1: In Michael's I have never contradicted myself better but worse, 129 00:07:01,880 --> 00:07:07,680 Speaker 1: Better trade, better, global security, possibly a bit worse. You 130 00:07:07,760 --> 00:07:10,920 Speaker 1: know what. My story has something for everyone, especially for 131 00:07:10,960 --> 00:07:17,840 Speaker 1: those listeners in Moldova and Malta. 132 00:07:17,640 --> 00:07:23,680 Speaker 3: Looking after the international perspective. Thank you, Michael Sean wins 133 00:07:23,840 --> 00:07:28,400 Speaker 3: the I think that the most tangible relationship between these 134 00:07:28,400 --> 00:07:32,000 Speaker 3: stories and actual economic impact is that inflation number. It 135 00:07:32,080 --> 00:07:40,000 Speaker 3: was something of a shock and uh, no interest rate's 136 00:07:40,000 --> 00:07:42,680 Speaker 3: going to come down this year and how who knows 137 00:07:42,720 --> 00:07:45,760 Speaker 3: next you we'll see. Meanwhile, the US has just dropped 138 00:07:45,800 --> 00:07:49,240 Speaker 3: their interstrate. So you know, we've got very different stories 139 00:07:49,280 --> 00:07:50,600 Speaker 3: going on in each hemisphere. 140 00:07:50,920 --> 00:07:52,640 Speaker 2: You know that Michael agrees with you when he just 141 00:07:52,640 --> 00:07:52,960 Speaker 2: goes out. 142 00:07:55,280 --> 00:07:57,720 Speaker 1: I will not admit that, but I had to put 143 00:07:57,760 --> 00:08:02,240 Speaker 1: up a fight. Okay, most remarkable story? Shall I go 144 00:08:02,280 --> 00:08:04,880 Speaker 1: first on this one, because I don't think anybody's heard 145 00:08:04,960 --> 00:08:10,120 Speaker 1: enough of me yet. Wise Tech Global Most remarkable story 146 00:08:10,320 --> 00:08:14,320 Speaker 1: being raided by AFP and ASSEK in relation to alleged 147 00:08:14,480 --> 00:08:18,320 Speaker 1: trading by founder Richard White and three employees. There is 148 00:08:18,400 --> 00:08:21,440 Speaker 1: a fair bit to this, and of course must be 149 00:08:23,160 --> 00:08:26,840 Speaker 1: very careful about how we discussed this, because what they 150 00:08:26,880 --> 00:08:31,680 Speaker 1: were seizing was documents linked to share trades made between 151 00:08:31,720 --> 00:08:34,880 Speaker 1: December and February of this year in a blackout period 152 00:08:34,880 --> 00:08:38,320 Speaker 1: before the company's results were released. Wise Tech did tell 153 00:08:38,400 --> 00:08:41,400 Speaker 1: the ASX that there are no allegations against the company itself. 154 00:08:41,679 --> 00:08:46,640 Speaker 1: No one has been charged the details Richard White sold 155 00:08:46,679 --> 00:08:49,679 Speaker 1: one point eight seven million shares worth roughly two hundred 156 00:08:49,679 --> 00:08:51,480 Speaker 1: and thirty million dollars during that time. 157 00:08:51,840 --> 00:08:55,679 Speaker 2: The thing is here, and this is written in the thong. 158 00:08:56,080 --> 00:09:00,679 Speaker 1: Is the thong is okay? Stream of cons just as Sean, 159 00:09:00,800 --> 00:09:01,480 Speaker 1: there's no note. 160 00:09:01,480 --> 00:09:03,840 Speaker 2: Clearly the thong is. 161 00:09:06,679 --> 00:09:09,640 Speaker 1: Richard White. This is a very serious story shot. 162 00:09:09,679 --> 00:09:10,120 Speaker 2: I know I. 163 00:09:11,000 --> 00:09:15,240 Speaker 1: White's and you have just derailed me. Richard White had 164 00:09:15,320 --> 00:09:18,319 Speaker 1: left the CEO role and the board in October last 165 00:09:18,400 --> 00:09:21,439 Speaker 1: year after a media investigation revealed a two million dollar 166 00:09:21,480 --> 00:09:24,200 Speaker 1: settlement with a former lover and allegations of bullying and 167 00:09:24,240 --> 00:09:27,880 Speaker 1: intimidation against him. So technically he wasn't CEO or on 168 00:09:27,920 --> 00:09:29,640 Speaker 1: the board at the time, and he did have legal 169 00:09:29,640 --> 00:09:32,360 Speaker 1: advice to that effect, but he was still consulting to 170 00:09:32,440 --> 00:09:36,880 Speaker 1: the company. He later returned as executive chair in late February, 171 00:09:36,880 --> 00:09:39,640 Speaker 1: the same day as the results were released. As I said, 172 00:09:39,679 --> 00:09:42,440 Speaker 1: there is only so much that we can say on 173 00:09:42,440 --> 00:09:44,320 Speaker 1: this one, but you've got to say it is a 174 00:09:44,360 --> 00:09:48,000 Speaker 1: bad look all around. Arguably may not pass the pub test. 175 00:09:48,000 --> 00:09:50,439 Speaker 1: And when you consider wise text share price plunged it 176 00:09:50,520 --> 00:09:53,520 Speaker 1: was it fifteen percent on the day that this news broke. 177 00:09:54,160 --> 00:09:56,360 Speaker 1: It was now down it was around forty percent or 178 00:09:56,400 --> 00:10:00,560 Speaker 1: so since July. I think you can safely say this 179 00:10:00,600 --> 00:10:05,320 Speaker 1: is all pretty remarkable. Adam thongs aside, you threw me 180 00:10:05,720 --> 00:10:08,600 Speaker 1: so bad with that thongs. 181 00:10:07,760 --> 00:10:10,319 Speaker 2: Not that hard. Yeah. Agree. I think that is a 182 00:10:10,360 --> 00:10:13,000 Speaker 2: remarkable story, There is no doubt about that. I think 183 00:10:13,040 --> 00:10:18,360 Speaker 2: it is truly remarkable. Not that unusual. I mean it's unusual. 184 00:10:18,440 --> 00:10:21,240 Speaker 2: It doesn't happen every day, so it is remarkable. But 185 00:10:21,280 --> 00:10:24,040 Speaker 2: we've heard a bit about it, We've had raids before, etc. 186 00:10:25,120 --> 00:10:29,599 Speaker 2: What really was remarkable this week? Really remarkable because I 187 00:10:29,640 --> 00:10:32,280 Speaker 2: can't quite remember when it's last happened. I'm sure it has, 188 00:10:32,280 --> 00:10:34,640 Speaker 2: but I can't remember when. Is that the chair and 189 00:10:34,720 --> 00:10:37,400 Speaker 2: two directors of a blue chip company, in this case 190 00:10:37,520 --> 00:10:42,760 Speaker 2: James Hardy got exactly what they deserved at the AGM 191 00:10:42,800 --> 00:10:47,000 Speaker 2: this week. They got ousted and they should have. Chair 192 00:10:47,080 --> 00:10:50,040 Speaker 2: Alloyd was dumped by shareholders paying the price for the 193 00:10:50,120 --> 00:10:53,320 Speaker 2: controversial fourteen billion dollar merge with a with US Group. 194 00:10:53,360 --> 00:10:57,000 Speaker 2: Ask it's another building materials company. It went ahead without 195 00:10:57,160 --> 00:11:01,440 Speaker 2: an investor vote. Not illegal, doesn't pass the pub test. 196 00:11:02,160 --> 00:11:06,960 Speaker 2: Seldom does a chair get dumped like Lloyd did. I 197 00:11:07,000 --> 00:11:09,200 Speaker 2: don't off the top of my head, I don't know 198 00:11:09,320 --> 00:11:11,920 Speaker 2: when this last happened to a blue chip company like this. 199 00:11:12,559 --> 00:11:16,679 Speaker 2: Maybe you could argue AMP, but I don't think so, Adam. 200 00:11:16,880 --> 00:11:19,040 Speaker 2: In case you don't remember, in case you haven't been 201 00:11:19,160 --> 00:11:22,280 Speaker 2: listening or paying attention, which given you just put your 202 00:11:22,280 --> 00:11:26,120 Speaker 2: head under the desk for some unknown reason, is possibly true. 203 00:11:27,520 --> 00:11:30,840 Speaker 2: James hard emerged with AZK no sharehold of vote since 204 00:11:30,840 --> 00:11:33,760 Speaker 2: the announcement of the deal, which many shareholders disagreed with. 205 00:11:33,880 --> 00:11:37,600 Speaker 2: Its share prices down fifteen percent since about a week 206 00:11:37,640 --> 00:11:41,400 Speaker 2: before that deal was announced, It's off thirty five percent. 207 00:11:42,080 --> 00:11:45,400 Speaker 2: James hard is listed on the ASEX, domiciled in Ireland. 208 00:11:45,480 --> 00:11:47,720 Speaker 2: Does its business in the US? Work that one out? 209 00:11:47,880 --> 00:11:52,720 Speaker 2: It's AGM was held in Ireland seventeen minutes, not one question, 210 00:11:53,160 --> 00:11:57,000 Speaker 2: and Lloyd and two other directors were ousted. All for 211 00:11:57,240 --> 00:12:00,800 Speaker 2: major proxy firms who covered James Hardy called for Lloyd 212 00:12:00,840 --> 00:12:03,200 Speaker 2: to be dumped. They got their wish. Not only did 213 00:12:03,280 --> 00:12:05,160 Speaker 2: the board to a merge it without going to a shareholder, 214 00:12:05,240 --> 00:12:08,679 Speaker 2: but it actually downgraded earning subsequent to the deal being announced. 215 00:12:09,400 --> 00:12:13,000 Speaker 2: That down grade came just three days after the CEO's 216 00:12:13,080 --> 00:12:16,880 Speaker 2: long term incentive was cashed out at the pre downgrade 217 00:12:17,000 --> 00:12:20,320 Speaker 2: share price. Lloyd didn't travel to Australia to talk face 218 00:12:20,360 --> 00:12:23,600 Speaker 2: to face to shareholders now, James Hardy, Yep, it works 219 00:12:23,640 --> 00:12:26,320 Speaker 2: mostly out of the US domiciland in Ireland, but most 220 00:12:26,360 --> 00:12:30,240 Speaker 2: of its shareholders are actually Australian. Didn't listen to shareholders. 221 00:12:30,440 --> 00:12:34,040 Speaker 2: Three members of the board get shafted. They deserved it. 222 00:12:34,280 --> 00:12:35,440 Speaker 2: Remarkable that it happened. 223 00:12:37,040 --> 00:12:42,520 Speaker 3: Okay, Governan's gone wrong or just plain bad decision making. 224 00:12:43,880 --> 00:12:47,600 Speaker 3: James Hardy has to win on this one. I really 225 00:12:47,679 --> 00:12:50,280 Speaker 3: am torn because both of them are bad stories and 226 00:12:50,320 --> 00:12:54,560 Speaker 3: it's close. And Richard White, I gett he got legal 227 00:12:54,600 --> 00:12:59,720 Speaker 3: advice to pub test or just logic bad. So yeah, 228 00:12:59,760 --> 00:13:01,360 Speaker 3: I think, Surean, you just have to win on this one. 229 00:13:01,400 --> 00:13:04,840 Speaker 3: What a spectacle seventeen minute meeting and three gone yep. 230 00:13:05,559 --> 00:13:08,680 Speaker 2: Yeah, maybe this is tough. 231 00:13:09,240 --> 00:13:10,319 Speaker 1: This is very tough. 232 00:13:10,520 --> 00:13:11,280 Speaker 2: This is wonderful. 233 00:13:11,280 --> 00:13:14,640 Speaker 1: I agree, Michael, it is too nil. But you know what, 234 00:13:14,640 --> 00:13:16,120 Speaker 1: this is where I like to be. I'm the underdog. 235 00:13:16,160 --> 00:13:18,400 Speaker 1: I'm representing the people, the man of the people here, 236 00:13:18,720 --> 00:13:21,040 Speaker 1: and there is nothing that people like more than a 237 00:13:21,040 --> 00:13:24,520 Speaker 1: good coup and a comeback where you go. 238 00:13:25,360 --> 00:13:28,360 Speaker 3: Well, bloodless or armed coup either one. 239 00:13:28,440 --> 00:13:30,559 Speaker 1: Let's let's not rule anything out. We'll see how it goes, 240 00:13:30,679 --> 00:13:34,120 Speaker 1: all right, we will take a quick break while I 241 00:13:34,200 --> 00:13:36,840 Speaker 1: gather my forces, and we will come back with the 242 00:13:36,920 --> 00:13:46,559 Speaker 1: mystery category of the week. All right, Sean, we are 243 00:13:46,559 --> 00:13:49,880 Speaker 1: now looking for well, of course it's too nil, so 244 00:13:51,800 --> 00:13:55,120 Speaker 1: the competition must what are we looking for? We are 245 00:13:55,120 --> 00:13:58,200 Speaker 1: looking for a win. I'm looking for anything right now. 246 00:13:58,240 --> 00:14:03,680 Speaker 1: I'm looking for salvation and hope. So there was a 247 00:14:03,720 --> 00:14:05,960 Speaker 1: story around this week. There was a trend in some 248 00:14:06,040 --> 00:14:08,840 Speaker 1: of the stories this week, and we've just this week. 249 00:14:09,559 --> 00:14:11,440 Speaker 1: This seems to have been an ongoing trend for some time. 250 00:14:11,440 --> 00:14:13,920 Speaker 1: And anyway, Adam, we have decided to use it as 251 00:14:13,960 --> 00:14:15,600 Speaker 1: our mystery category this week. 252 00:14:15,679 --> 00:14:16,480 Speaker 2: That we changed. 253 00:14:17,840 --> 00:14:22,200 Speaker 1: Because there was an incident at the APEX summit in 254 00:14:22,280 --> 00:14:26,520 Speaker 1: South Korea where there was a special dinner held and 255 00:14:26,560 --> 00:14:30,200 Speaker 1: there were eight national leaders there and Anthony Albanezi got 256 00:14:30,240 --> 00:14:32,800 Speaker 1: to attend and he got the special seat. He got 257 00:14:32,800 --> 00:14:39,160 Speaker 1: to sit at the right hand of the Father States 258 00:14:39,400 --> 00:14:43,920 Speaker 1: of Donald of Donald Trump, and the dinner itself was 259 00:14:43,960 --> 00:14:47,480 Speaker 1: called a special Dinner in honor of President Donald J. Trump, 260 00:14:47,880 --> 00:14:50,160 Speaker 1: And we just thought, you know what, it's a great 261 00:14:50,200 --> 00:14:53,360 Speaker 1: way to set up the sycophant story. 262 00:14:53,040 --> 00:14:59,080 Speaker 2: Of the week. I love this category, Sean, take it away. 263 00:15:00,320 --> 00:15:04,920 Speaker 2: The absolute ridiculous sucking up at Apek in South Korea 264 00:15:05,800 --> 00:15:09,160 Speaker 2: was truly nauseating. Is there anyone else out there thinking 265 00:15:09,200 --> 00:15:11,200 Speaker 2: this is actually getting a bit ridiculous? 266 00:15:12,000 --> 00:15:15,040 Speaker 1: Surely do you mean me or me or Adams am I, 267 00:15:15,160 --> 00:15:18,480 Speaker 1: anyone like the Norwegian listeners? And then. 268 00:15:20,840 --> 00:15:25,600 Speaker 2: Ah, the Serbians must hate it seriously. Global leaders are 269 00:15:25,800 --> 00:15:29,040 Speaker 2: falling over themselves to honor and I say that it 270 00:15:29,120 --> 00:15:33,880 Speaker 2: inverted Commas to honor the US president. It's hippocritical and 271 00:15:34,160 --> 00:15:37,040 Speaker 2: it is demeaning. The only person coming out of this 272 00:15:37,080 --> 00:15:40,920 Speaker 2: with much credibility is Canada's Prime Minister Mark Carney for 273 00:15:40,960 --> 00:15:44,120 Speaker 2: standing up to Trump. Maybe China Si jing Ping, You know, 274 00:15:44,160 --> 00:15:46,880 Speaker 2: everyone's falling over from souls to talk to Trump. What 275 00:15:47,080 --> 00:15:49,680 Speaker 2: Shei jing Ping gave him one hundred minutes at an 276 00:15:49,720 --> 00:15:52,280 Speaker 2: air force base in the back blocks of Korea, and 277 00:15:52,320 --> 00:15:56,560 Speaker 2: that's it no more. Remember Anthony Albanezi telling Trump he'd 278 00:15:56,560 --> 00:16:00,440 Speaker 2: be using the president's endorsement in his re election campaign. Lie, 279 00:16:00,800 --> 00:16:04,320 Speaker 2: but said to a piece of president, this has to stop. 280 00:16:04,560 --> 00:16:07,640 Speaker 2: This week, there wasn't an Apec leader's dinner, but, as 281 00:16:07,680 --> 00:16:12,720 Speaker 2: Michael said, a special dinner in honor of President Donald J. Trump. 282 00:16:13,280 --> 00:16:17,320 Speaker 2: There was a Donald Trump Chardonnay served a Donald Trump 283 00:16:17,600 --> 00:16:28,680 Speaker 2: cabinet savignon South Korea literally gave him a gold crownetting 284 00:16:28,760 --> 00:16:32,680 Speaker 2: ridiculous at the dinner. Apart from Trump and Albo leaders 285 00:16:32,720 --> 00:16:35,360 Speaker 2: of South Korea in New Zealand, Singapore, Thailand, Vietnam in Canada, 286 00:16:35,600 --> 00:16:38,440 Speaker 2: the aforementioned Mark Carney was seated as far away from 287 00:16:38,520 --> 00:16:41,640 Speaker 2: Trump as possible. And that's because two are getting on 288 00:16:41,680 --> 00:16:44,520 Speaker 2: at the moment. All this sucking up to a man 289 00:16:44,520 --> 00:16:47,520 Speaker 2: who this week accelerated nuclear testing in the US, as 290 00:16:47,560 --> 00:16:50,680 Speaker 2: Michael said, and cut the refugee in take into America 291 00:16:50,760 --> 00:16:54,240 Speaker 2: to just seven five hundred annually, with priority going to 292 00:16:54,360 --> 00:16:57,280 Speaker 2: white South Africans. The man who had sent troops into 293 00:16:57,320 --> 00:16:59,440 Speaker 2: the country's own cities and post tariffs and may cost 294 00:16:59,440 --> 00:17:02,160 Speaker 2: of living high. The man who has weaponized the Department 295 00:17:02,160 --> 00:17:04,119 Speaker 2: of Justice tried to can't count the FED chair because 296 00:17:04,160 --> 00:17:06,880 Speaker 2: he won't cut rates like Trump wants him to, and 297 00:17:07,160 --> 00:17:10,800 Speaker 2: oversees a Pentagon that doesn't allow a free press. Yet 298 00:17:11,560 --> 00:17:17,960 Speaker 2: we have Apeg sucking up ridiculously to Donald Trump. W TF. 299 00:17:20,560 --> 00:17:24,600 Speaker 1: But see, the problem is right that Trumps has shown 300 00:17:24,720 --> 00:17:27,760 Speaker 1: that number one, it's necessary and that he is willing 301 00:17:27,800 --> 00:17:32,679 Speaker 1: to reward and punish based on that kind of behavior 302 00:17:33,320 --> 00:17:36,399 Speaker 1: and using tariffs as this weapon to do so. 303 00:17:36,960 --> 00:17:39,680 Speaker 2: I even disagree with that, right because if you look, 304 00:17:39,960 --> 00:17:45,400 Speaker 2: Narendra Mody sucked up to Trump hugely initially and then 305 00:17:45,440 --> 00:17:49,040 Speaker 2: he Trump whacked on massive tariffs on India. Right, He's 306 00:17:49,240 --> 00:17:52,080 Speaker 2: totally fickle. So it's not like you can say the 307 00:17:52,119 --> 00:17:54,840 Speaker 2: only person he looks to be slightly scared of is 308 00:17:54,920 --> 00:17:57,919 Speaker 2: Chi ching Ping, because they really are the factory of 309 00:17:57,960 --> 00:18:01,080 Speaker 2: the world. Maybe latting me Putin just a little bit, 310 00:18:01,119 --> 00:18:03,639 Speaker 2: because Putin's not doing anything Trump's telling him to do. 311 00:18:05,119 --> 00:18:09,200 Speaker 2: And Trump Australia we would be the best ally ever. 312 00:18:09,280 --> 00:18:11,960 Speaker 2: Yet he's hitting us with tariff. So I just I 313 00:18:12,040 --> 00:18:14,000 Speaker 2: disagree with this nation that you've got to do it 314 00:18:14,080 --> 00:18:17,400 Speaker 2: because Trump is you know, you'll get favors from Trump. 315 00:18:17,440 --> 00:18:18,879 Speaker 2: Trump will do whatever he wants to do. 316 00:18:19,800 --> 00:18:24,359 Speaker 1: Well, you know who hasn't got the memo, Sean Gone, 317 00:18:25,680 --> 00:18:31,560 Speaker 1: Japan's freshly minted prime minister. Nothing can compare, I think 318 00:18:31,680 --> 00:18:35,679 Speaker 1: to the first meeting between Donald Trump and Sinai taka Ichi. 319 00:18:37,200 --> 00:18:39,360 Speaker 1: It was I would say it was. It wasn't one 320 00:18:39,400 --> 00:18:42,960 Speaker 1: way though, It wasn't just towards the president. It was 321 00:18:43,000 --> 00:18:47,919 Speaker 1: a mutual admiration society. It was something else altogether. Ahead 322 00:18:47,920 --> 00:18:50,600 Speaker 1: of the talks. Trump was there. It was gushing, saying 323 00:18:50,600 --> 00:18:54,639 Speaker 1: that he had heard phenomenal things about her. By the 324 00:18:54,680 --> 00:18:55,600 Speaker 1: time aga. 325 00:18:55,400 --> 00:18:59,200 Speaker 2: Than twelve out of ten for the meeting. 326 00:18:58,720 --> 00:19:03,600 Speaker 1: This is true, eleven, possibly a fifteen. By the time 327 00:19:03,640 --> 00:19:06,080 Speaker 1: they met, he had amps it up even further to 328 00:19:06,119 --> 00:19:09,480 Speaker 1: a sixteen or seventeen. He said, I want to just 329 00:19:09,560 --> 00:19:12,679 Speaker 1: let you know anytime you have any question, any doubt, 330 00:19:12,840 --> 00:19:15,840 Speaker 1: anything you want, any favors, you need, anything I can 331 00:19:15,880 --> 00:19:18,280 Speaker 1: do to help Japan, we will be there. We are 332 00:19:18,320 --> 00:19:22,320 Speaker 1: an ally at the strongest level. Isn't that that that 333 00:19:22,480 --> 00:19:25,119 Speaker 1: that's quite something? The thing is here, right. You do 334 00:19:25,240 --> 00:19:27,520 Speaker 1: kind of get the impression that that that Trump was 335 00:19:27,520 --> 00:19:32,199 Speaker 1: being played just a little bit in this circumstance because 336 00:19:32,840 --> 00:19:37,639 Speaker 1: the taka Ichi is ultra conservative. She knew what she 337 00:19:37,800 --> 00:19:41,800 Speaker 1: was doing. She praised Trump's peace deals. She said, and 338 00:19:41,840 --> 00:19:44,040 Speaker 1: this is a quote that she was so impressed and 339 00:19:44,200 --> 00:19:47,480 Speaker 1: inspired by him, said that she would be nominating him 340 00:19:47,480 --> 00:19:50,600 Speaker 1: for the Nobel Peace Prize, which big, big tick, right, 341 00:19:50,640 --> 00:19:52,960 Speaker 1: that is that is the prize, that is the thing 342 00:19:53,000 --> 00:19:58,920 Speaker 1: that Trump wants. It was a masterclass in flattery that 343 00:19:59,160 --> 00:20:02,040 Speaker 1: I think that the My favorite symbol of this the 344 00:20:02,200 --> 00:20:06,119 Speaker 1: plan to buy Remember just remember what one of Japan's 345 00:20:06,119 --> 00:20:10,200 Speaker 1: main exports is here, right, cars. They produced a lot 346 00:20:10,280 --> 00:20:13,320 Speaker 1: of vehicles, and she floated a plan to buy a 347 00:20:13,440 --> 00:20:17,280 Speaker 1: fleet of Ford F one fifties, which are them. They 348 00:20:17,320 --> 00:20:20,000 Speaker 1: are massive, they are huge. They are too big for 349 00:20:20,119 --> 00:20:24,680 Speaker 1: Japan's streets. Right. But they parked them outside the palace 350 00:20:24,840 --> 00:20:28,840 Speaker 1: before the meeting took place, which is just superb. That 351 00:20:29,000 --> 00:20:32,439 Speaker 1: is a great move. The President saw it, referred to 352 00:20:32,440 --> 00:20:35,800 Speaker 1: it as said, that's a hot truck. It's just like, 353 00:20:36,160 --> 00:20:39,679 Speaker 1: just nailed it, right, absolutely nailed it. They signed a 354 00:20:39,760 --> 00:20:42,720 Speaker 1: rare earth steal, which apparently everyone gets one of those 355 00:20:42,760 --> 00:20:48,200 Speaker 1: these days. The meeting ended with matching baseball caps embroidered 356 00:20:48,280 --> 00:20:49,919 Speaker 1: with Japan is Back. 357 00:20:50,080 --> 00:20:51,480 Speaker 2: Oh no really. 358 00:20:51,440 --> 00:20:55,160 Speaker 1: Yep, And there was the gift of a puta once 359 00:20:55,320 --> 00:20:58,880 Speaker 1: owned by the late Shinzo Abe, who was taka ICHI's 360 00:20:58,960 --> 00:21:03,360 Speaker 1: mentor and a very close friend of Donald Trump. This 361 00:21:03,400 --> 00:21:06,840 Speaker 1: one just it ticks all the boxes, not just in 362 00:21:07,000 --> 00:21:12,720 Speaker 1: kind of sick offency, but also in diplomacy basically really 363 00:21:13,040 --> 00:21:16,359 Speaker 1: really understanding what you need or what you believe you 364 00:21:16,400 --> 00:21:18,720 Speaker 1: need to do and playing it perfectly. 365 00:21:18,920 --> 00:21:25,360 Speaker 3: I think it's a cracker, Okay, Michael wins Yep, Takchi. 366 00:21:26,040 --> 00:21:30,920 Speaker 3: The display was ridiculous and we know it works, so she. 367 00:21:30,960 --> 00:21:31,520 Speaker 1: Has to win. 368 00:21:32,080 --> 00:21:35,160 Speaker 3: Yeah, it's just I love the trucks, right the Ford 369 00:21:36,000 --> 00:21:38,520 Speaker 3: fifty about the jumping up and down and clapping, it 370 00:21:38,560 --> 00:21:42,560 Speaker 3: was like Elon musk esk. She didn't bring a chainsaw, 371 00:21:42,640 --> 00:21:44,639 Speaker 3: but there was just so much that was similar about it. 372 00:21:44,760 --> 00:21:45,520 Speaker 1: Oh, that's good. 373 00:21:45,680 --> 00:21:47,920 Speaker 3: I get it needs muss the American people who voted 374 00:21:47,920 --> 00:21:50,120 Speaker 3: for Trump, right, he is the president of the biggest 375 00:21:50,200 --> 00:21:52,919 Speaker 3: country and economy in the world. We just have to 376 00:21:52,920 --> 00:21:55,640 Speaker 3: play that game, as ridiculous as it seems. 377 00:21:56,600 --> 00:21:59,040 Speaker 2: Disagree, I don't. I mean, I don't disagree with the 378 00:21:59,200 --> 00:22:03,359 Speaker 2: with the judgment excellent mind, Japan does have a fifteen 379 00:22:03,359 --> 00:22:05,480 Speaker 2: percent tariff, not a ten percent tariff, So I just 380 00:22:05,600 --> 00:22:08,960 Speaker 2: like to add to my point that doesn't work. But 381 00:22:09,359 --> 00:22:12,879 Speaker 2: I just I'm over everyone's sucking up to Donald Trump 382 00:22:13,040 --> 00:22:16,680 Speaker 2: like it is. It is demeaning. 383 00:22:17,160 --> 00:22:20,800 Speaker 1: You mentioned Elon musk Adam, and maybe that is the 384 00:22:20,800 --> 00:22:24,120 Speaker 1: best proof of the fact that sucking up does not work, 385 00:22:24,280 --> 00:22:27,360 Speaker 1: does not pay because in the end he got hammered. 386 00:22:27,680 --> 00:22:30,600 Speaker 3: It'll only work for a period of time until. 387 00:22:30,320 --> 00:22:33,160 Speaker 2: It doesn't gave it and she did a good job. 388 00:22:33,280 --> 00:22:36,320 Speaker 1: You got to give it to Yeah. All right, let's 389 00:22:36,320 --> 00:22:40,639 Speaker 1: move on to our favorite story of the worst. Shall 390 00:22:40,640 --> 00:22:41,479 Speaker 1: I go first on this? 391 00:22:41,680 --> 00:22:42,520 Speaker 2: Yeah, you go first. 392 00:22:42,680 --> 00:22:44,520 Speaker 1: Okay, all right, there's two to one, So this is 393 00:22:44,560 --> 00:22:50,040 Speaker 1: it for me, Adam. Yes, I think you'll like this 394 00:22:50,119 --> 00:22:52,159 Speaker 1: one because I know that you are a fan of 395 00:22:52,160 --> 00:22:52,840 Speaker 1: the underdog. 396 00:22:54,160 --> 00:22:56,480 Speaker 2: Okay, your gives it away. 397 00:22:58,240 --> 00:23:02,000 Speaker 1: The Okay, good point. Okay, you might you might come 398 00:23:02,000 --> 00:23:04,320 Speaker 1: down on the side of big business in this particular story. 399 00:23:04,520 --> 00:23:09,520 Speaker 1: But the competition watchdog, that defender of the people has 400 00:23:09,680 --> 00:23:14,480 Speaker 1: gone after Microsoft, accusing it of misleading two point seven 401 00:23:14,600 --> 00:23:18,600 Speaker 1: million ordinary humble Australians like me into paying more for 402 00:23:18,680 --> 00:23:23,080 Speaker 1: its AI tool co pilot. Microsoft jacked up its office 403 00:23:23,080 --> 00:23:25,080 Speaker 1: three six Do you say three six five or three 404 00:23:25,160 --> 00:23:25,800 Speaker 1: sixty five? 405 00:23:26,440 --> 00:23:27,160 Speaker 2: Three jactive? 406 00:23:28,160 --> 00:23:28,360 Speaker 1: Yeah? 407 00:23:28,480 --> 00:23:29,400 Speaker 2: Do you say jacked up? 408 00:23:29,800 --> 00:23:30,840 Speaker 1: Jacked up its prices? 409 00:23:31,200 --> 00:23:31,880 Speaker 2: You jacked up? 410 00:23:32,000 --> 00:23:34,760 Speaker 3: Yeah, it's like Michael and the jym all jacked up. 411 00:23:35,200 --> 00:23:39,600 Speaker 1: Fully jacked anyway. They jacked them up forty five percent 412 00:23:39,920 --> 00:23:44,880 Speaker 1: for personal plans, thirty percent for family plans, and customers 413 00:23:44,880 --> 00:23:47,640 Speaker 1: were basically told you can pay more or you can cancel. 414 00:23:48,000 --> 00:23:52,359 Speaker 1: But significant butt here. According to the A Triple C. 415 00:23:52,960 --> 00:23:55,679 Speaker 1: There was a third option that Microsoft kind of just 416 00:23:55,720 --> 00:23:59,600 Speaker 1: forgot to mention a cheaper plan without co pilot. That 417 00:23:59,720 --> 00:24:03,760 Speaker 1: was really behind the cancelation page. We have Chair Gina 418 00:24:03,800 --> 00:24:06,959 Speaker 1: Cascottlieb saying that this isn't really about the price rise itself. 419 00:24:07,000 --> 00:24:10,000 Speaker 1: It is about transparency. You need to give customers options, 420 00:24:10,200 --> 00:24:13,119 Speaker 1: and those options when you give them, they need to 421 00:24:13,160 --> 00:24:17,800 Speaker 1: be clear. The thing here tech companies have spent billions 422 00:24:17,880 --> 00:24:22,320 Speaker 1: upon billions upon billions of dollars building and bundling AI 423 00:24:22,440 --> 00:24:26,400 Speaker 1: into their products, and here we have little old Australia 424 00:24:26,720 --> 00:24:30,199 Speaker 1: stepping up when nobody else will. No one else is 425 00:24:30,200 --> 00:24:35,640 Speaker 1: willing to fight this kazuks stan Wood, maybe Serbia would 426 00:24:35,800 --> 00:24:41,960 Speaker 1: I suspect maybe yep, But you know what, maybe listeners 427 00:24:42,040 --> 00:24:42,560 Speaker 1: we have one? 428 00:24:42,680 --> 00:24:44,840 Speaker 2: Yes, I checked. 429 00:24:45,000 --> 00:24:46,960 Speaker 1: You know what I can see here, Australia has the 430 00:24:46,960 --> 00:24:49,879 Speaker 1: potential to lead a coalition of the minnows. We could 431 00:24:49,880 --> 00:24:52,359 Speaker 1: do this right, and it's going to everyone's going to 432 00:24:52,440 --> 00:24:58,719 Speaker 1: fall in behind. There going to fall in behind the 433 00:24:58,720 --> 00:25:02,560 Speaker 1: A Triple C step up and say don't forget the 434 00:25:02,600 --> 00:25:05,280 Speaker 1: consumer in all of this. This is Australia punching above 435 00:25:05,320 --> 00:25:08,560 Speaker 1: its weight. Considering how much Silicon Valley has invested and 436 00:25:08,680 --> 00:25:12,439 Speaker 1: needs to make from its investments in AI. This is 437 00:25:12,480 --> 00:25:16,359 Speaker 1: going to make some waves. Go a triple C, Go Australia, 438 00:25:16,680 --> 00:25:20,880 Speaker 1: lead those mins into battle. Oh, it's just extraordinary. 439 00:25:21,359 --> 00:25:23,800 Speaker 2: It's great. It's probably good. It's been a really good 440 00:25:23,880 --> 00:25:27,000 Speaker 2: week for news, hasn't it. It has. It's purely from 441 00:25:27,040 --> 00:25:32,240 Speaker 2: a reporter's viewpoint. So my favorite story is not necessarily business, 442 00:25:32,320 --> 00:25:35,359 Speaker 2: but some things. Sometimes there are stories that are just 443 00:25:35,440 --> 00:25:40,160 Speaker 2: bigger than business that need to be applauded. 444 00:25:42,080 --> 00:25:44,520 Speaker 3: Even bigger than business, sean much bigger. 445 00:25:44,560 --> 00:25:46,320 Speaker 2: I mean that this actually matters, and it's actually it's 446 00:25:46,359 --> 00:25:48,560 Speaker 2: a serious story, to be honest. So it's kind of 447 00:25:48,560 --> 00:25:51,399 Speaker 2: a rough one to finish out. Stupid show on the 448 00:25:51,440 --> 00:25:55,560 Speaker 2: demise of Prince Andrew. I don't know the bloke as 449 00:25:55,560 --> 00:25:58,480 Speaker 2: it turns out, but what happened this week was a 450 00:25:58,520 --> 00:26:02,560 Speaker 2: win for victims of abuse. The favored son of Queen 451 00:26:02,560 --> 00:26:04,600 Speaker 2: Elizabeth and brother of King Charles the Third will now 452 00:26:04,600 --> 00:26:07,520 Speaker 2: be known as Playing Andrew Mount Batton Windsor and be 453 00:26:07,640 --> 00:26:10,720 Speaker 2: reliant on the King's charity for food and shelter. He's 454 00:26:10,800 --> 00:26:14,240 Speaker 2: lucky he's got that because the King and Queen Camella 455 00:26:14,320 --> 00:26:19,639 Speaker 2: Queen Camella, in a statement on Friday yesterday, said, quote, 456 00:26:19,680 --> 00:26:21,920 Speaker 2: their majesties wish to make clear that their thoughts and 457 00:26:22,000 --> 00:26:24,639 Speaker 2: up myst sympathies have been and will remain with the 458 00:26:24,720 --> 00:26:29,240 Speaker 2: victims and survivors of any and all forms of abuse. 459 00:26:29,480 --> 00:26:33,800 Speaker 2: End quote. That doesn't sound like they believe Andrew's protestations 460 00:26:33,800 --> 00:26:36,639 Speaker 2: of innocence. Why would they put that on if they 461 00:26:36,640 --> 00:26:39,520 Speaker 2: thought he was innocent? In case you only ever listened 462 00:26:39,560 --> 00:26:42,200 Speaker 2: to hear and greed and nothing else. Fair enough, totally, 463 00:26:42,480 --> 00:26:44,920 Speaker 2: that's a good option. You may not know the background 464 00:26:44,960 --> 00:26:49,240 Speaker 2: here Andrew. Note we'll already dropped the word Prince Andrew 465 00:26:49,240 --> 00:26:52,000 Speaker 2: because he's actually lost that title already. He was connected 466 00:26:52,000 --> 00:26:55,800 Speaker 2: to convicted pedophile Jeffrey Epstein, and there are allegations he's 467 00:26:55,840 --> 00:27:00,000 Speaker 2: sexually abused a seventeen year old woman, Allegations he's strenuously 468 00:27:00,119 --> 00:27:04,280 Speaker 2: the seventy year old girl, allegations he strenuously denied. In fact, 469 00:27:04,440 --> 00:27:06,440 Speaker 2: he said he didn't know the girl, though there are 470 00:27:06,480 --> 00:27:09,760 Speaker 2: photos of the two of them together. Andrew mount Batten 471 00:27:09,800 --> 00:27:11,800 Speaker 2: wins the claims to have cut off ties with episteen 472 00:27:11,800 --> 00:27:14,320 Speaker 2: and twenty ten emails have emerged of him in Epstein, 473 00:27:14,400 --> 00:27:17,800 Speaker 2: communicating in early twenty eleven worst allegations that Andrew had 474 00:27:17,840 --> 00:27:20,560 Speaker 2: asked his taxpayer funded police bodyguard to dig up dirt 475 00:27:20,720 --> 00:27:25,760 Speaker 2: on that girl. London's Metropolitan Police are now actively looking 476 00:27:25,800 --> 00:27:29,919 Speaker 2: to that matter. Charless finally acted, stripping his brother of 477 00:27:30,000 --> 00:27:36,520 Speaker 2: all titles, castle, all rights privileges, a rare, rare win 478 00:27:36,800 --> 00:27:41,720 Speaker 2: for victims of abuse. My favorite story, Okay, Sean wins. 479 00:27:42,280 --> 00:27:44,800 Speaker 3: I know this is something of an interesting one because 480 00:27:45,400 --> 00:27:49,399 Speaker 3: why would this story of Andrew's demise be a business 481 00:27:49,440 --> 00:27:53,120 Speaker 3: storage Because the monarchy in the UK is actually one 482 00:27:53,119 --> 00:27:55,560 Speaker 3: of the biggest exports they have. Tourism to the UK 483 00:27:55,720 --> 00:27:57,080 Speaker 3: is an enormous industry. 484 00:27:57,480 --> 00:27:59,920 Speaker 2: Exactly what I was going to say, you cut me off, 485 00:28:00,119 --> 00:28:01,359 Speaker 2: That's exactly what I was thinking. 486 00:28:01,760 --> 00:28:05,360 Speaker 3: He is also the King of Australia, right, and so 487 00:28:05,480 --> 00:28:08,320 Speaker 3: I think it actually matters to us too. I think 488 00:28:08,359 --> 00:28:11,840 Speaker 3: it's personal opinion here. The things that have gone with 489 00:28:11,880 --> 00:28:15,679 Speaker 3: Andrew is shameful, right, but it shouldn't be in any 490 00:28:15,680 --> 00:28:18,679 Speaker 3: way supported. It's taken too long to get here, but 491 00:28:19,200 --> 00:28:22,280 Speaker 3: I think it's the right outcome. King Charles has acted. 492 00:28:22,320 --> 00:28:26,840 Speaker 3: I think, well, Microsoft, you know that's difficult. I think 493 00:28:26,880 --> 00:28:30,240 Speaker 3: it is hiding real options. We will see how it 494 00:28:30,280 --> 00:28:32,160 Speaker 3: plays out with the able c. It's a really big 495 00:28:32,160 --> 00:28:35,159 Speaker 3: business story. But I think this week, yeah, Suan, you 496 00:28:35,240 --> 00:28:40,720 Speaker 3: have to win. Somber, wasn't it. 497 00:28:40,720 --> 00:28:42,160 Speaker 2: It's a bit too somber for our show. 498 00:28:42,200 --> 00:28:45,080 Speaker 1: But you've just locked in the coup. 499 00:28:48,280 --> 00:28:50,719 Speaker 3: You had a chance there and no longer will it 500 00:28:50,720 --> 00:28:54,320 Speaker 3: be bloodless contact You had a chance to save yourself 501 00:28:54,360 --> 00:28:55,280 Speaker 3: and you didn't take it. 502 00:28:55,520 --> 00:28:57,160 Speaker 1: I cannot say that I did not warn. 503 00:28:57,040 --> 00:28:59,920 Speaker 3: You walk under any ladders this week. 504 00:29:00,000 --> 00:29:03,840 Speaker 1: All Right, it's gonna happen. Okay, all right, three to one, 505 00:29:04,440 --> 00:29:07,080 Speaker 1: we don't even need to know the land. Actually, no, 506 00:29:07,200 --> 00:29:08,440 Speaker 1: I might have won on this. 507 00:29:08,640 --> 00:29:10,320 Speaker 2: That's true. That is actually true. 508 00:29:10,680 --> 00:29:12,880 Speaker 3: Okay, Sean ninety four, Michael ninety two. 509 00:29:15,640 --> 00:29:16,000 Speaker 2: There you go. 510 00:29:17,000 --> 00:29:18,840 Speaker 1: I love that that it could be so close when 511 00:29:18,880 --> 00:29:21,480 Speaker 1: I lost three to one, and yet it we're still 512 00:29:21,520 --> 00:29:27,840 Speaker 1: only two points separating us. This is that's a slide 513 00:29:28,040 --> 00:29:29,960 Speaker 1: three one. Well done, Well done, Sean. 514 00:29:29,720 --> 00:29:32,720 Speaker 2: Thank you very much, Michael, thank you, Adam, Thank you. 515 00:29:32,680 --> 00:29:35,840 Speaker 1: Adam, well thank you both, well done. Good stuff. Make 516 00:29:35,840 --> 00:29:38,320 Speaker 1: sure you're following the podcast and head to Fearangreed dot 517 00:29:38,360 --> 00:29:40,800 Speaker 1: com dot au to sign up for our free daily newsletter. 518 00:29:41,080 --> 00:29:42,720 Speaker 1: Michael Thompson, and that was fear and greed. 519 00:29:42,960 --> 00:29:43,640 Speaker 3: Have a great day.