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Speaker 1: Today on Fear and Greed. Prime Minister Anthony Albanezi set

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Speaker 1: to call an election today, with cost of living, energy

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Speaker 1: policy and healthcare set to be the focal points of

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Speaker 1: the campaign. An Australian retailer gets a takeover bid worth

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Speaker 1: twice its value, and Donald Trump confirms twenty five percent

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Speaker 1: tariffs on cars even though US automobile manufacturers are in

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Speaker 1: fact against it. Plus fast entry into the US now

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Speaker 1: available to Australians, and Apple Maps introduces indigenous place names.

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Speaker 1: Welcome to Fear and Greed. Daily business news for people

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Speaker 1: who make their own decisions. It is Friday, the twenty

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Speaker 1: eighth of March twenty twenty five. I'm Michael Thompson and

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Speaker 1: good morning, Sean Aylmer.

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Speaker 2: Morning Michael. Something for everyone.

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Speaker 1: There really is today. The main story this morning, Sean

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Speaker 1: is we are going to be talking about a lot

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Speaker 1: in coming weeks. The federal election could be called as

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Speaker 1: early as today, with voters likely to go to the

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Speaker 1: polls on Saturday, the third of may Our Prime Minister

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Speaker 1: Anthony Abernezi is expected to visit the Governor General Sam

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Speaker 1: Mouston today and ask her to dissolve the current parliament.

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Speaker 2: Both campaigns have been ready to go four weeks, but

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Speaker 2: ex cyclone Alfred delayed the trip to yer Alumna by

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Speaker 2: the PM. Of course, Theerra Alumla is where the Governor

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Speaker 2: General lives. Yesterday afternoon, mister Albanesi said the election will

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Speaker 2: be called imminently and assuming he does that today, which

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Speaker 2: everyone seems to think he will do in the elections

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Speaker 2: on May three, we're in for a thirty six day campaign. Now.

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Speaker 2: There was briefly on ex a post saying that the

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Speaker 2: Department of Primester and Cabinet was now in caretaker mode. Ooops.

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Speaker 1: I felt so sorry for the social media person that

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Speaker 1: accidentally posted that because it yeah, it would have been

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Speaker 1: preparing it ready to go when it happened accidentally. Oh no,

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Speaker 1: it was only up there for four minutes, but four

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Speaker 1: minutes is a long time in cyberspace. Someone got a screenshot, yep,

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Speaker 1: they sure did. As we head to an election, betting

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Speaker 1: markets have a minority ALP government as the favorite outcome.

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Speaker 1: Polling generally has the coalition leading on a two party

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Speaker 1: preferred basis fifty one to forty nine percent. That the

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Speaker 1: Pulses themselves agree. That doesn't mean Peter Dutton will be

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Speaker 1: the prime Minister after the next election. They actually think

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Speaker 1: it will be Anthony Winneasy In the important measure of

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Speaker 1: preferred PM alban Easy still holds a lead over Dutton.

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Speaker 1: The election will be fought on cost of living issues,

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Speaker 1: with the Government putting its small tax cut announced on

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Speaker 1: Tuesday's budget up against a twenty five cents elitter reduction

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Speaker 1: in petrol prices promised by our Position leader Peter Dutton

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Speaker 1: last night. Healthcare and energy policies will also be front

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Speaker 1: and center, both areas where the two parties have differences.

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Speaker 1: I'm sure each will focus on what they think is

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Speaker 1: the right policy. Now, the timing on all of this

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Speaker 1: is interesting, isn't it, Sean Because making an announcement today

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Speaker 1: and leaking it ahead of time, which is really what happened,

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Speaker 1: it crowds out the news cycle.

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Speaker 2: Doesn't it.

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Speaker 1: Meaning not too many Australians will actually have taken too

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Speaker 1: much notice of mister Dutton's budget reply speech last.

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Speaker 2: Night exactly right. The centerpiece of what Peter Dutton said

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Speaker 2: last night was a promise to lower household costs by

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Speaker 2: cutting the price of petrol. Now he'll do that by

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Speaker 2: reducing excise tax on petroleum for a year that's a

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Speaker 2: trick that's been used before by governments. Theoretically, it reduces

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Speaker 2: the cost of petrol by about twenty five cents a later.

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Speaker 2: That's about fourteen bucks a tenC on average you fill

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Speaker 2: up every week, fourteen bucks saving. That's versus the Albanezy

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Speaker 2: ten dollars a week tax cuts, which of course don't

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Speaker 2: kick in for a couple of years, so we basically

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Speaker 2: have tax cuts verse lower fuel costs going on. At

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Speaker 2: the moment. Experts say the election will be one in

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Speaker 2: the outer suburbs. They're the areas where voters are really

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Speaker 2: feeling the pinch that makes New South Wales a particularly

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Speaker 2: important The last few federal elections Victoria and Queensland in

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Speaker 2: particular seem to get a lot of focus. Well, New

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Speaker 2: South Wales will get a lot of focus this time

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Speaker 2: is about a dozen mostly ALP elections in outer Sydney,

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Speaker 2: and they mean both sides will want to win those.

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Speaker 1: Of an election campaign Seowan, you are a bit of

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Speaker 1: a political junkie, and yeah you've been around for a while.

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Speaker 1: How did you get excited?

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Speaker 2: Yeah, totally, yeah, totally. You actually get to find out

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Speaker 2: what these people are like and what they're saying and

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Speaker 2: it gets confusing because they renounce the same thing again

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Speaker 2: and again.

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Speaker 1: You do need to be very discerning, don't you go? Hang,

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Speaker 1: we have heard this before and they both do it,

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Speaker 1: both sides, every party does it. So anyway, we will

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Speaker 1: have Look here we are talking as it's already happened,

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Speaker 1: but we will have very comprehensive coverage the whole way

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Speaker 1: through critical coverage of course, local markets. How do they

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Speaker 1: perform Yesterday?

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Speaker 2: Yeah, explos down around half a percent, with the tech

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Speaker 2: sector hit hardest. Basically when there's turmoil in the US

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Speaker 2: and on Wall Street, well, the tech talks seem to

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Speaker 2: get hit hardest. Wy SAT Global, Software Group, Technology One

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Speaker 2: Data Center on and next DC. They all fell yesterday.

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Speaker 2: Worst was Promedicus, the imaging company. It's down eight percent.

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Speaker 2: Zip Co finished seven percent lower. Tough day for the

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Speaker 2: property sector. On the flip side, pathology services provider Helius

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Speaker 2: jumped eleven percent after announcing a fully franked special dividend

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Speaker 2: following the sale of subsidiary Loomis Imaging. Ramsey Healthcare rebounded,

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Speaker 2: also finishing up five percent. The other interesting move I

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Speaker 2: think as a group, so Donald Trump announced twenty five

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Speaker 2: percent on tariffs on cars and parts entering the US.

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Speaker 2: We'll talk about that in a moment. That actually hits

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Speaker 2: some of the local auto related groups. So parts makers

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Speaker 2: babcor and AARB Corporation, fell as did dealership group Eagers Automotive.

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Speaker 1: All right, there is a bit going on after the show, Sean,

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Speaker 1: we have an interview coming up today with David Zimmerman

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Speaker 1: from black Oak Capital. This is interesting.

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Speaker 2: It is so it's about investing in property, but it

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Speaker 2: is specifically about investing in disability housing. So there are

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Speaker 2: so many parts ways to play property and commercial. So

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Speaker 2: you can do industrial, or you can do office, so

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Speaker 2: you can do retail. Well, this is part of the

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Speaker 2: residential group, and there's a pool of money, hundreds of

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Speaker 2: millions of dollars of money for disability housing. It's not

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Speaker 2: all being used. And so what black Oak and David

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Speaker 2: are doing is putting together a fund that invests in that.

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Speaker 2: And it's just a really interesting It's not for everyone, obviously,

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Speaker 2: but it's a really interesting way of thinking about investing

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Speaker 2: in property.

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Speaker 1: Yeah, and a good supporter of fear and greed through

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Speaker 1: blue chip communication. It's a great chat coming up after

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Speaker 1: the show, Sean. We've got a lot still to cover.

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

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Speaker 1: the day's business news. Sean Australia has been accepted into

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Speaker 1: the US Global Entry Program, allowing Australian tourists and business

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Speaker 1: leaders and corporate travelers to join faster entry lanes when

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Speaker 1: they arrive in the US. This is good news.

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Speaker 2: It is those hassles of being at LAX Los Angeles

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Speaker 2: or Jfkine, New York, waiting in those lines with all

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Speaker 2: the other clubs.

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Speaker 1: Are they over? Are you just being a bit optos hopeful?

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Speaker 2: Federal parliaments past new laws providing for expedited clearance processes

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Speaker 2: at American airports from July onwards so you can become

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Speaker 2: a member of what they know is known as the

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Speaker 2: Global Entry Program. Cost about one hundred and ninety dollars.

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Speaker 2: You get that for five years. The programs available only

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Speaker 2: for pre approved, low risk travelers who satisfy the US's

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Speaker 2: strict eligibility criteria. I'll be fine, not sure about yourself.

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Speaker 2: What it basically means. You pay one hundred ninety bucks

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Speaker 2: and you get through quickly. Quite interesting, mina. We have

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Speaker 2: all this angst about the US at the moment, but

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Speaker 2: this is good US, particularly for traveling. The US is

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Speaker 2: the sixth most popular tourist destination for Australians. Its numbers

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Speaker 2: are increasing, but it's actually the top ten destinations. It's

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Speaker 2: the only one that is an at or above pre

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Speaker 2: COVID levels. Really yeah, so the UK is it at

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Speaker 2: about pre COVID levels, but all the other places, Indonesia, Japan,

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Speaker 2: New Zealand way above pre COVID level. It's not the US.

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Speaker 2: It's significantly below pre COVID levels.

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Speaker 1: This might help. Maybe this next story, Sean, this is

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Speaker 1: an absolute cracker, right, Canadian value retailer dollar Rama, great name,

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Speaker 1: great name is going to be by a local group,

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Speaker 1: the Reject Shop. We all know very well, paying more

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Speaker 1: than twice what the company is valued at on the ASX.

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Speaker 2: I hope to be a shareholder in the Reject Shop. Oh,

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Speaker 2: that would have been amazing if only we were two

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Speaker 2: days ago. So it's share price, the Reject Shops share

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Speaker 2: price jump one hundred eleven percent. Yesterday dollar Ama offered

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Speaker 2: six dollars sixty eight a share. That compared to Reject

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Speaker 2: Shops three dollars fifteen a share close on Wednesday. That

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Speaker 2: must have been so it's actually one hundred and twelve

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Speaker 2: percent premium. Chair of the Reject Shop Stephen Fisher said

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Speaker 2: the bid was attractive.

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Speaker 1: Really the understatement of the week shoan provide certainly if

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Speaker 1: for shareholders, the board recommends investors take the offer.

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Speaker 2: There you go, genius.

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Speaker 1: Oh golly, while we're talking about bids, US real estate

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Speaker 1: giant Costar has put forward a second higher offer for Domain,

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Speaker 1: saying that it's a bit of four dollars forty three

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Speaker 1: a share is the best and final offer.

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Speaker 2: It actually two gid a five percent drop in Drama

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Speaker 2: Mean's share price. It closed at four dollars twenty four yesterday.

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Speaker 2: Basically investors expected another bid from Coastar, but they wanted

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Speaker 2: it to be about four bucks sixty. So when it

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Speaker 2: came in at four dollars forty three, it was up

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Speaker 2: about five and a half percent, about forty percent better

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Speaker 2: than where Domain was ahead of any bid that was

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Speaker 2: back in middle of February or so. But investors were

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Speaker 2: just a bit disappointed it wasn't more. Now the board

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Speaker 2: of Domain, which is the Australia's second biggest property sales platform,

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Speaker 2: has opened the doors to coast I said, come on

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Speaker 2: in do a due Diligence nine Entertainment on sixty percent

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Speaker 2: of domain. We know that it's worth about one point

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Speaker 2: four billion dollars under this bid. They will be the

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Speaker 2: deal makers or not on this one.

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Speaker 1: I mentioned this next one at the top of the

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Speaker 1: show Shane. Apple has updated its maps app to display

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Speaker 1: traditional Aboriginal names for places across Australia. They're big, joining

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Speaker 1: companies like Quantists and Australia Posts that do so as well.

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Speaker 2: The map's update has been a four year project, with

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Speaker 2: Apple saying it has only scratched the surface and high

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Speaker 2: learning how technology can help preserve culture and enhance education.

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Speaker 2: Apples worked with Indigenous advisors, cartographers, traditional owners, language holders

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Speaker 2: and community members to complete the automatic upgrade, which went

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Speaker 2: live yesterday afternoon. According to the Australian Indigenous groups can

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Speaker 2: also submit pictures of their local communities to create place

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Speaker 2: cards generate further awareness, and a similar update has been

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Speaker 2: launched in New Zealand. It brings Australia in line with

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Speaker 2: the US and Canada, where Apple's also displayed Indigenous place names.

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Speaker 2: Obviously quantas Australia Post, they're in part of that as well.

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Speaker 2: You know, in that whole map like Are you a

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Speaker 2: Google Maps or an Apple Maps person? I or one

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Speaker 2: or the other.

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Speaker 1: All of my stuff is Apple. I use iPhones, et cetera.

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Speaker 1: But I use Google Maps on those devices.

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Speaker 2: It's funny. I actually use Apple Maps really, yeah, and

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Speaker 2: I don't Yeah.

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Speaker 1: Is there any particular reason why you landed on that?

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Speaker 2: Because it's just easy, Like I think it's kind of

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Speaker 2: on the home screen. So that's where I went. Occasionally

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Speaker 2: I use Ways. I find Google Maps quite irritating. Now

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Speaker 2: why I so used to Apple Maps? Ah?

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Speaker 1: Okay, see, I find it because I Google everything and

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Speaker 1: then you just follow the links straight through to Google

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Speaker 1: Maps to find where you're going. I don't know, but

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Speaker 1: I mean, realistically, there's not a huge amount of difference

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Speaker 1: between the two in terms of functionality.

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Speaker 2: No, you disagree, Well, so I did quite a bit

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Speaker 2: of driving around the place. I mean you do too,

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Speaker 2: and I so if you put Ways in this, you

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Speaker 2: put ways, Apple and Google altogether. It is funny how

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Speaker 2: they will have very different arrival times.

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Speaker 1: Okay, how about this, right you me Adam lang our

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Speaker 1: fear and greed, colleague. Yes, let's do a map off

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Speaker 1: where each of us gets into a car at the

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Speaker 1: same time and we are all heading to the same destination,

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Speaker 1: but we are all each using a different form. You

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Speaker 1: use Google, Use Google, and we can give ad them ways.

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Speaker 2: You'd be too confusing From ways.

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Speaker 1: I just writes three weeks later, Hello Adam, But he arrived.

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Speaker 1: He got there eventually. Anyway, Well, we'll plan our map

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Speaker 1: off at some other point because we've got to get

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Speaker 1: to Internationally. US President Donald Trump is placing twenty five

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Speaker 1: percent tariffs on all auto imports. We mentioned this earlier,

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Speaker 1: a move that he says will foster domestic manufacturing and

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Speaker 1: help economic growth.

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Speaker 2: Mind you, among the beast opponents of the tariffs are

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Speaker 2: the US car manufacturers themselves, because they source components off sure,

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Speaker 2: meaning that they're actually going to face higher costs now

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Speaker 2: and potentially lower sales. Tesla, for example, makes cars in Europe.

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Speaker 2: Any of those end up in the US, there'll be

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Speaker 2: twenty five percent more costly shares in general Motors, Forward

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Speaker 2: and Stilanta's, which owns Jeep and Chrysler, fell in Asian

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Speaker 2: markets Toatahundai. They fell as well. The tariff's kick in

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Speaker 2: on April TI, what Donald Trump is calling Liberation Day

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Speaker 2: for the American economy. Trump's promising to announce reciprocal tariffs

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Speaker 2: on all of America's trading partners on that day.

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Speaker 1: In the US Sean, Donald Trump is struggling to fend

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Speaker 1: off criticism over the inadvertent inclusion of a journalist in

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Speaker 1: a signal chat a secure chat right discussing military actions

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Speaker 1: in Yemen. We've been talking about this for a few days.

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Speaker 1: It's not going away.

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Speaker 2: It was secure. It's just that the person added was

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Speaker 2: a journalist. Ye, Like, it didn't hack Yeah, no, no, no,

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Speaker 2: it didn't actually didn't breach it. He was invited in.

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Speaker 1: It's like inviting a vampire, and you know how you

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Speaker 1: have torn a vampire across the threshold.

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Speaker 2: So the journalist was Atlantic editor Jeffrey Goldberg. Yesterday morning

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Speaker 2: he kind of said, after this furor, I'm just going

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Speaker 2: to publish the text. Now. He did redact some names

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Speaker 2: to sort of look after the innoctant type thing. But

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Speaker 2: it shows how Defense Secretary Peter Hegsath revealed specific operation

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Speaker 2: details of attacks on Yemen before and as they were occurring.

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Speaker 2: There's a message from Hegxsath to the full group, which

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Speaker 2: includes Vice President J. D Vance and others, giving precise

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Speaker 2: times for two ways of US attacks featuring details, what

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Speaker 2: weapon systems would be used, et cetera. The Trump administration

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Speaker 2: has basically responded to all this news saying that Goldberg

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Speaker 2: was a Trump hater and the Atlantic didn't like the administration.

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Speaker 2: They said the text messages really didn't amount to war

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Speaker 2: plans or classified information. It has just bald faced some

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Speaker 2: of this. Even the Republicans in Congress are going, I

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Speaker 2: just don't think we can buy this and I can't.

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Speaker 1: Win this one guy, let's just accept this, all right.

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Speaker 1: While we're talking of the Atlantic, Sean, this is a

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Speaker 1: story that actually affects me personally. The Atlantic has done

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Speaker 1: some fantastic work in recent days reporting on these massive

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Speaker 1: digital warehouses of stolen intellectual property. They include a lot

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Speaker 1: of academic papers, but they also include millions of books,

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Speaker 1: and these are a works that have never been approved

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Speaker 1: to sit in these warehouses. They've been pirated, right, And

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Speaker 1: the Atlantic did a lot of digging, a lot of

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Speaker 1: work into this. And Meta is alleged to have deliberately

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Speaker 1: and explicitly authorized a raid on two two of these warehouses,

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Speaker 1: Libgen and Anna's Archives, the other one to help train

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Speaker 1: its latest AI model, Lama three. It affects me personally

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Speaker 1: because I went to the Atlantic website right to have

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Speaker 1: a look at it, and they've got the database set

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Speaker 1: up there. And in twenty twenty three, I put out

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Speaker 1: a released a novel, did You Yes, called How to

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Speaker 1: Be Remembered Sean. It's very good and it's still available.

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Speaker 1: You can purchase it if you like books. Indeed, and

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Speaker 1: I jumped on there and I searched for it, and

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Speaker 1: there it was. It was one of the books that

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Speaker 1: had been pirated. And so my work that took kind

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Speaker 1: of three years to write, my book was just sitting

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Speaker 1: there having been illegally essentially downloaded and fed into this

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Speaker 1: AI model.

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Speaker 2: So it's like no attribution, no financial recompense for you

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Speaker 2: or any of the authors. They've basically been uploaded all

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Speaker 2: this information, all these books been uploaded to large language models.

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Speaker 2: According to Form's magazine, the accusation is that MENA realized

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Speaker 2: they needed high quality content to populate its large language,

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Speaker 2: which is the basis of AI, and the books provided that.

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Speaker 2: So they used libgen, which is home to more than

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Speaker 2: seven point five million pirated books and eighty one million

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Speaker 2: stolen research papers, to fill the gap. They also used

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Speaker 2: another digital warehouse called Enna's archive. The allegation is that

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Speaker 2: Mark Zuckerberg green lit the theft only an allegation at

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Speaker 2: this point. Meta's response is that comes under fair use provisions,

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Speaker 2: says Lama three uses the information but transforms it, transforms

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Speaker 2: being operative word there into new outputs. Michael, I'm looking

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Speaker 2: at your face here. You are not happy.

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Speaker 1: I'm not happy. And the reporting of this went into

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Speaker 1: some of the alleged communications within Meta where they actually

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Speaker 1: discussed it and said it was going to take too

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Speaker 1: long and cost too much to license the material.

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Speaker 2: Yeah, yeah, yeah.

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Speaker 1: It doesn't get any worse than that anyway. Just take

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Speaker 1: a deep breath and we will move on. We'll wrap

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Speaker 1: things up now. Sean up next to the Fear and

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Speaker 1: Grey Daily interview with David Zimmermann from Black Oak Capital.

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Speaker 1: It is coming up in the Fear and Greed playlist,

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Speaker 1: or we can get it at Fearangreed dot com dodau,

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Speaker 1: which is also where you sign up for our free

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Speaker 1: newsletter as well. Thank you, Sean, Thank you Michael. It

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Speaker 1: is Friday, the twenty eighth of March twenty twenty five.

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

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Speaker 1: online on LinkedIn, Instagram, x TikTok and Facebook, Michael Thompson

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Speaker 1: and that wasphere and greed have a great day.