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Speaker 1: Today on Fear and Greed. The federal opposition pushes its

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Speaker 1: law and order credentials as polls show labor increasing its

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Speaker 1: lead in the race to polling day. More than thirty

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Speaker 1: thousand Australian businesses owe the taxman more than one hundred

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Speaker 1: thousand dollars, and some hybrid vehicles use more fuel than

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Speaker 1: their internal combustion engine competitors. Plus a Trump executive order

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Speaker 1: green lights a major Rio Tinto and BHP copper project,

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Speaker 1: and the first half marathon for both humans and robots

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Speaker 1: shows that androids still have a way to go, at

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Speaker 1: least in the running stakes. Welcome to Fear and Greed.

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

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Speaker 1: It is Tuesday, the twenty second of April twenty twenty five.

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

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Speaker 2: Good morning, Michael. On a sad day for many people

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Speaker 2: with the death of Pope Francis, the first pope to

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Speaker 2: be born outside of Europe in twelfth centries, a bit

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Speaker 2: of a reformist for the Catholic Church. The eighty eight

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Speaker 2: year old died over the past twenty four hours or so.

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Speaker 2: You know, we'd feel for the one point three billion

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Speaker 2: Roman Catholics whore obviously going to feel this.

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Speaker 1: Yeah, indeed, sean the main story this morning. We are

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Speaker 1: in the final stretch of the campaign. There are just

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Speaker 1: twelve days to go and the Coalition is pushing its

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Speaker 1: law and order credentials hard but not it seems making

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Speaker 1: up much ground on the government, at least in the polls.

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Speaker 2: Very true. Opposition leader Peter Dunton yesterday promised to make

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Speaker 2: law and order a priority, with coalition government unveiling a

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Speaker 2: seven hundred and fifty million dollar crackdown on crime called

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Speaker 2: Operation Safer Communities. Dunton pledged to boost support to police

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Speaker 2: and community groups. He also said a Coalition government would

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Speaker 2: trial a national sex offender register. Dunton also visited yet

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Speaker 2: another service station, In fact, it was his twelfth service

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Speaker 2: station on the campaign trail, spooking the Coalition's promised to

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Speaker 2: cut the fuel excise by twenty five cents a later.

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Speaker 2: Clearly that must be gaining traction according to lib liberal polsters,

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Speaker 2: because they just keep coming back to that particular line.

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Speaker 2: The Prime Minister Anthony Albernesi spent most of his day

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Speaker 2: in New South Wales and Victoria pushing his pledge to

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Speaker 2: open more urgent care clinics, while Peter Dutton likes going

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Speaker 2: service stations Anthony Alberici. Anthony Abernese's prop of choice at

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Speaker 2: the moment seems to be his Medicare card. It just

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Speaker 2: keeps flashing it. Yeah, and you know there's no doubt

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Speaker 2: that on healthcare the government think they're on a winner.

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Speaker 1: I find this next part of the story really interesting, Sean,

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Speaker 1: because obviously throughout the whole campaign, the leaders are doing

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Speaker 1: everything that they can to convince voters to vote for them.

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Speaker 1: But looking at the reasons and why people won't vote

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Speaker 1: for Prime Minister Anthony Abernesi and oppositionally to Peter Dutton,

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Speaker 1: there's a survey from the CDNY Morning Herald and the

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Speaker 1: Age that provides a very clear cut reason for each leader.

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Speaker 2: I thought this was fascinating. So the Resolvesrategic survey in

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Speaker 2: those news outlets asked respondents why they wouldn't give their

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Speaker 2: vote to Alban Eazy or Dutton. Forty seven percent said

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Speaker 2: the cost of living crisis was the main reason that

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Speaker 2: hesitate to give their vote to the ALP. Much more

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Speaker 2: important the management of the economy, much more important, things

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Speaker 2: like lack of progress in the first term, so for

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Speaker 2: Labor it's about a staging concerns that the cost of

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Speaker 2: living crisis will escalate. For the Libs and Nats, forty

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Speaker 2: five percent said that hesitate to vote for the coalition

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Speaker 2: because Peter Dutton's personality as a leader that's pretty rough.

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Speaker 2: I mean, it's politics, right, so it's fair enough, but

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Speaker 2: his personal appeal is a real problem for the coalition.

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Speaker 2: The next two reasons after a gap are a lack

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Speaker 2: of policy details and fears that the coalition will follow

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Speaker 2: the example of Donald tru Generally, polling shows a swing

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Speaker 2: away from Peter Dutton and the Coalition at this point

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Speaker 2: towards Anthony Alberanezi. That's a little unusual. As you get

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Speaker 2: to the point the end of an election, it tends

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Speaker 2: to go the other way. Not always, but it tends

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Speaker 2: to go the other way than what's happening at the moment.

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Speaker 2: The news poll in The Australian Yesterday shows that Peter

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Speaker 2: Dutton has suffered a further decline in his support as

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Speaker 2: preferred prime minister. Labour's primary vote has risen to its

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Speaker 2: highest since January last year, at thirty four percent. That's

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Speaker 2: actually above the last it's level at the last election.

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Speaker 2: The coalition's primary vote is down from about thirty eight

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Speaker 2: percent a few months ago to thirty five percent on

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Speaker 2: a two party preferred basis. Polling says the ALP is

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Speaker 2: ahead fifty two to forty eight. When you dig into

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Speaker 2: those numbers. Now I'm not sure about the News poll,

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Speaker 2: but others that put them at fifty to two to

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Speaker 2: forty eight, it's actually rounding, so it's even more than

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Speaker 2: fifty two. It's you know, it's not like fifty two

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Speaker 2: and a bit to forty seven and a bit. The

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Speaker 2: third and final debate, of course, between the two letters

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Speaker 2: on tonight and people can start. There are pre polling today.

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Speaker 1: That's really interesting the reasons why people wouldn't vote for

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Speaker 1: the leader, because I mean, personality is one thing as

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Speaker 1: to a reason why you perhaps wouldn't vote for Peter Dutton,

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Speaker 1: as they have said. But as we know, most people

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Speaker 1: vote with their hip pocket, right, Yeah, so that the

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Speaker 1: cost of living one is the reason that's actually pushing

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Speaker 1: people potentially away from Anthony Albanezi. Yet you're not seeing

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Speaker 1: that in the polls.

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Speaker 2: Yes, that's true, the cost of living because we are

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Speaker 2: talking about interestrate cuts at the moment, and Anthony Albanezi

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Speaker 2: can point to tax cuts last July and tax cuts

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Speaker 2: in the last budget. He's just telling the story a

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Speaker 2: lot better now. Peter Dutton, is there twenty five cents

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Speaker 2: of leader exercise reduction? People mean it's a temporary measure,

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Speaker 2: Peter Dutton, Well, I mean we're not to push one

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Speaker 2: side or the other, and I don't mean it in

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Speaker 2: any way favoring one or the other. But when it

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Speaker 2: comes to fiscal discipline, Dunton's actually been quit pretty tough

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Speaker 2: on that and that probably doesn't resonate as well in

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Speaker 2: the cost of living crisis. Maybe I don't know.

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Speaker 1: I don't know anyway, And we'll have more on this tomorrow,

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Speaker 1: won't we, because we have our bonus episode of politics

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Speaker 1: and stuff comes out every Wednesday. Great name local markets, Sean,

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Speaker 1: what can we expect today when the market reopens?

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Speaker 2: Well, future training suggests the local market will drop on

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Speaker 2: opening short off something big happening. Trading should be fairly

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Speaker 2: quiet with most of the country enjoying school holidays the

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Speaker 2: next couple of days, or maybe not enjoying school holidays,

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Speaker 2: depending on where you stand on that particular issue. There's

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Speaker 2: no major economic news due for release this week. It's

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Speaker 2: only three trading days, of course, thanks to ANZAC Day

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Speaker 2: on Friday. It was a share market was up two

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Speaker 2: point three percent for the week last week, led by resources, financial,

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Speaker 2: property and health shares. Bond yields mostly fell, and local

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Speaker 2: bond traders for priced in a rate cut. The reserve

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Speaker 2: meets in a month's time. Over the weekend, oil and

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Speaker 2: copper prices rows, iron ore prices with flat gold hit

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Speaker 2: a new record, and the Aussie dollar is up. It's

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Speaker 2: training back above sixty four US sense Just.

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Speaker 1: Quickly, Sean, I know that you said there's no major

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Speaker 1: economic news expected this week, but there are still plenty

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Speaker 1: to cover in the week ahead. With our resident economist Stephen.

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Speaker 2: Kerkculis, There's always plenty to cover with Stephen, good cools.

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Speaker 2: We had i'd been going on last week with the

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Speaker 2: labor force numbers coming out and perhaps a little softer

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Speaker 2: than expected. We talk lots about interest rates and the election.

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Speaker 2: It's great chat with Stephen.

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Speaker 1: Yeah, sure, as it's coming up after the show, Sean.

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Speaker 1: About thirty thousand businesses have a tax debt default with

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Speaker 1: the ato of over one hundred thousand dollars.

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Speaker 2: That is a lot, it is, and when you have

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Speaker 2: a debt this size, it starts to become a predictor

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Speaker 2: of insolvency. According to Creditor Watch, who provided this information,

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Speaker 2: the share of businesses with tax to faults is highest

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Speaker 2: in construction and food and beverage. Maybe that's not a

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Speaker 2: surprise that may not construction, they're the two sectors also

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Speaker 2: with the highest insolvencies in recent times. Now, since October

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Speaker 2: twenty twenty four, about eight months ago, there's been a

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Speaker 2: considerable decline in the number of businesses that are paying

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Speaker 2: off their tax debts or entering into a payment plan

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Speaker 2: with the ATO. Creditor Watch says it's a very uncertain

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Speaker 2: time for businesses and consumers by virtue of the significant

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Speaker 2: and ongoing changes to US tariff and trade policies and

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Speaker 2: the result large flow on effects to financial markets. At

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Speaker 2: least recent data on trade payment defaults and insolvencies has

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Speaker 2: leveled out, but they are at really high levels now.

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Speaker 2: The negative effects of all these tariffs and what's going

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Speaker 2: on looks like they're overshadowing the positives of tax cuts

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Speaker 2: last July and the February interest rate cut, and so

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Speaker 2: we are finding literally tens of thousands of businesses thirty thousand,

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Speaker 2: owing the ATO a significant sum of money.

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Speaker 1: It makes for a very interesting conversation and good timing

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Speaker 1: for the conversation that you have coming up today your

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Speaker 1: daily interview. You're speaking with Luke Arterstratch from the cos BOA,

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Speaker 1: the Council of Small Business Organizations of Australia.

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Speaker 2: That's exactly right. We talked from about the state of

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Speaker 2: play for small businesses and what they want from the

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Speaker 2: political parties, and small business is hurting plenty going on

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Speaker 2: when you think of a cost of living crisis. When

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Speaker 2: you're a small business, not only are you struggling to

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Speaker 2: find customers, but as a small business, many of the

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Speaker 2: things that you put up, for example, to get alone.

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Speaker 2: You know you might read mortgage your house, that type

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Speaker 2: of thing. You're getting hit with that as well. So

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Speaker 2: it's a great chat with Luke about what's going on.

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Speaker 1: Yeah, it's a good conversation. It's coming up after the

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Speaker 1: show and Sewan a very quick mention of the Fear

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Speaker 1: and Greed Daily newsletter, which I'm sure you've probably missed

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Speaker 1: over the last few days because it did take a

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Speaker 1: break over the long weekend, but it's back with a

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Speaker 1: vengeance Friday Monday.

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Speaker 2: I was waiting for it back there this morning, though,

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Speaker 2: it is back there this morning.

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Speaker 1: And look, if you haven't signed up already, make today

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Speaker 1: the day that you're head along to Fearangreed dot com

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Speaker 1: dot au. Pop your email addressing and you get the

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Speaker 1: It is a quick hit of the news everything you

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Speaker 1: need to know in order to arrive at your desk

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Speaker 1: ready to go for the day. I'll put a link

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Speaker 1: in today's show notes as well to make it very,

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Speaker 1: very easy to sign up. We'll be back in a

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Speaker 1: moment with the rest of the day's business news showing.

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Speaker 1: A long delayed copper project in Arizona fifty five percent

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Speaker 1: owned and controlled by Rio Tinto and forty five percent

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Speaker 1: owned by BHP, has been fast tracked by the Trump

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Speaker 1: White House as the US and China VIBEU for supremacy

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Speaker 1: in the minerals that are vital to the energy transition

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Speaker 1: and also for advanced military hardware.

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Speaker 2: So this particular project has been tied up an environmental

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Speaker 2: court appeals native title issues regularly read tape for more

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Speaker 2: than a decade. It's called the resolution copper mine. It

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Speaker 2: is among a handful of ten projects granted Fast forty

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Speaker 2: one status by the White House over the Easter weekend.

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Speaker 2: According to The Australian, the application of fast forty one

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Speaker 2: to streamline the approvals process behind critical minerals production is

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Speaker 2: in response to a Trump executive order issued in March. Now,

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Speaker 2: the proposed underground mind, about one hundred kilometers east of Phoenix, Arizona,

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Speaker 2: is expected to become the largest copper mine in North America,

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Speaker 2: capable of meeting up to twenty five percent of total

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Speaker 2: US copper demand each year. That's huge as a trade

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Speaker 2: war between the US and China heats up. Both nations

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Speaker 2: are key to access key commodities things like copper. They're

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Speaker 2: used in aircraft, naval vessels, wiring for guidance systems and ammunition,

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Speaker 2: as well as being called to renewable energy technology and batteries.

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Speaker 2: In this instance, the executive order from Trump has benefited

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Speaker 2: a couple of Aussie companies.

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Speaker 1: This one's a bit of an eye opener show and

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Speaker 1: some hybrid vehicles use more fuel than their internal combustion

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Speaker 1: engine competitors, at least on Australian roads.

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Speaker 2: It's quite a remarkable An Australian Automobile Association analysis shows

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Speaker 2: that in one case, a mild hybrid I'll tell you

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Speaker 2: about mild hybrids in a moment, used twelve percent more

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Speaker 2: petrol than an internal combustion equivalent on highways. The association

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Speaker 2: tested sixteen vehicles, including six conventional hybrid cars, two mild

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Speaker 2: hybrid vehicles, and then petrol equivalents. According to AAP now

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Speaker 2: a mild hybrid vehicle basically it features a smaller battery

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Speaker 2: and electric motor to assist a petrol engine during short bursts.

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Speaker 2: All hybrid styles, though, whether mild or otherwise, promise to

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Speaker 2: cut petrol consumption, but that doesn't actually happen. The test

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Speaker 2: performed in Victoria showed three out of four Toyata hybrid

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Speaker 2: vehicles cut petrocol used by more than thirty percent on average,

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Speaker 2: while a Honda CRV High and a mild hybrid Suzuki

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Speaker 2: Swift reduced fuel consumption by twenty three percent seventy percent, respectively.

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Speaker 2: So that's all in line with what you'd expect, but

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Speaker 2: gwm's JOLI in hybrid vehicle cut consumption by significantly less

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Speaker 2: than promised. It also used more petrol than the standard

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Speaker 2: Jollian model. When traveling on highways, the Subaru Forest and

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Speaker 2: Mild Hybrid use more petrol than it's internal combustion equivalent

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Speaker 2: on average, although that model has been discontinued, so maybe

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Speaker 2: we can't blame subru too much. Hybrid vehicles is obviously

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Speaker 2: growing popularity on Australian roads. Sales are up by about

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Speaker 2: a third this year. But do your research before you buy,

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Speaker 2: because some of them aren't actually going to save you

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Speaker 2: any money.

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Speaker 1: That's extraordinary, okay. Turning to international news now sean. US

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Speaker 1: President Donald Trump is under pressure to replace Defense Secretary

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Speaker 1: Pete Hesith as it emerges that he shared detail in

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Speaker 1: This is detailed information right about forthcoming strikes in Yemen

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Speaker 1: on March fifteen, in a private signal group chat that

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Speaker 1: included his wife, his brother, and his personal lawyer, all.

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Speaker 2: People who must need to know, Michael.

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Speaker 1: Extraordinary, right it is.

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Speaker 2: The information Hexer shared on the signal chat included the

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Speaker 2: flight schedules for the FA eighteen hornets targeting the who

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Speaker 2: he's in Yemen, essentially the same attack plans that he

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Speaker 2: shared on a separate signal chat the same day that

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Speaker 2: mistakingly included the editor of the Atlantic. Now, Donald Trump

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Speaker 2: is under pressure now because it's not giving state secrets

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Speaker 2: to people who aren't authorized to get them. It's pretty extraordinary.

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Speaker 1: Men.

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Speaker 2: While the Wall Street journals reporting that Donald Trump's threatening

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Speaker 2: to cut another billion US dollars in funding from Harvard

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Speaker 2: University targeting health research, the Trump administration has held back

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Speaker 2: funding from Harvard already Columbia a bunch of the universities

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Speaker 2: in response to their tolerance of pro Palestinian demonstrations in

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Speaker 2: what the administration has labeled a failure to control anti

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Speaker 2: semitism on campus. Now, the generally the universities have said

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Speaker 2: there's a right to free speech, and it's becoming a

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Speaker 2: major major battle between the higher education sector in the

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Speaker 2: US and Don Trump.

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Speaker 1: Finally, Sean, I have been waiting to get to this

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Speaker 1: story because this is a cracker. It was billed as

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Speaker 1: the world's first half marathon for androids, but just four

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Speaker 1: out of twenty one robots competing against human runners in

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Speaker 1: a race in China actually completed the twenty one kilometer run.

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Speaker 2: The one fill at the starting line, okay, good start,

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Speaker 2: another's head fell off, roll to the ground. Another one

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Speaker 2: just collapsed and broke into pieces. The race in Beijing's

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Speaker 2: southern tech hub of Etown was held there. The winning

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Speaker 2: robot was something named tiang Ultra, which is a one

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Speaker 2: point seven eight meter robot. It made it to the

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Speaker 2: finish line in two hours and forty minutes. Now, the

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Speaker 2: human winner made it in about an hour, so the

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Speaker 2: rabu wasn't anywhere near as fast. The man versus machine

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Speaker 2: competition was presented as a showcase for China's ambition and

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Speaker 2: areas from AI to or robotic semiconductors, according to Bloomberg,

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Speaker 2: Yet at the end of the day the result was

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Speaker 2: somewhat comical. There was accidents, dropouts throughout the race. You know,

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Speaker 2: Tiangong paced around five miles per hour, looked like a

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Speaker 2: proper athlete. Many of its robotic peers just really weren't

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Speaker 2: designed to run quickly enough. Now, they had to finish

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Speaker 2: the race in four hours, so a half marathon four hours.

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Speaker 2: That's not a fast pace. I reckon, I'd even do

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Speaker 2: a half marathon in four hours or less.

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Speaker 1: You could do it without your head falling off.

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Speaker 2: Yes, yeah, And a bunch of them didn't. Just couldn't

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Speaker 2: make it within that time limit.

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Speaker 1: That is just extraordinary, all right. Two good things to

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Speaker 1: listen to coming up in the Fear and Greed playlist,

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Speaker 1: Who've Got Fear and Greed? The Week Ahead with Stephen Coacoulis,

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Speaker 1: and also the daily interview with Luke Actastrat from the

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Speaker 1: Council of Small Business Organizations Australia much much more commonly

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Speaker 1: known as COSBOA. I don't know why I spell it

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Speaker 1: out every time I say it, And of course head

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Speaker 1: along to Fearangreed dot com DoD au to sign up

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Speaker 1: for the free daily newsletter. Thank you Sean, Thank you Michael.

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Speaker 1: It's Tuesday, the twenty second of April twenty twenty five.

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Speaker 1: Make sure you're following the podcast and please join us

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Speaker 1: online on LinkedIn, Instagram, x TikTok and Facebook. I'm Michael Thompson.

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Speaker 1: That was Fear and Greed. Have a great day.