1 00:00:06,280 --> 00:00:09,200 Speaker 1: Welcome to Fear and Greed business news you can use today. 2 00:00:09,240 --> 00:00:13,040 Speaker 1: Federal Treasurer Jim Chalmers warns of higher inflation for longer. 3 00:00:13,400 --> 00:00:16,759 Speaker 1: US President Donald Trump suggests new talks between the US 4 00:00:16,800 --> 00:00:19,320 Speaker 1: and Iran are progressing, and that said the local ASX 5 00:00:19,400 --> 00:00:23,599 Speaker 1: higher and why truckies are loving Tesla's new electric semi 6 00:00:23,600 --> 00:00:27,240 Speaker 1: trailer plus Rio receives a two billion dollar subsidy to 7 00:00:27,280 --> 00:00:31,080 Speaker 1: keep an aluminium smelter in Queensland operating, and Western Sydney 8 00:00:31,120 --> 00:00:34,440 Speaker 1: Airport sells its first tickets. It is Thursday, the twenty 9 00:00:34,520 --> 00:00:37,760 Speaker 1: sixth of March twenty twenty six. I'm Michael Thompson and 10 00:00:37,760 --> 00:00:41,200 Speaker 1: good morning, Sean Aylmer. Good morning, Michael, Sean the main 11 00:00:41,240 --> 00:00:44,760 Speaker 1: story this morning. Federal Treasurer Jim Chalmers has warned that 12 00:00:44,880 --> 00:00:48,280 Speaker 1: the Middle East conflicts will see inflation higher for longer 13 00:00:48,640 --> 00:00:51,839 Speaker 1: as the global price of oil soars. The rate of 14 00:00:51,840 --> 00:00:55,360 Speaker 1: inflation might hit five percent by the middle of the year, 15 00:00:55,440 --> 00:00:59,120 Speaker 1: according to Treasury modeling, which is way above the RBA's 16 00:00:59,160 --> 00:01:02,880 Speaker 1: preferred target range of two to three percent. Jamas said 17 00:01:02,880 --> 00:01:06,160 Speaker 1: that the two key considerations were the timing of the 18 00:01:06,280 --> 00:01:09,039 Speaker 1: end of the war and then how long it takes 19 00:01:09,040 --> 00:01:13,160 Speaker 1: for the global economy to get back on track when 20 00:01:13,240 --> 00:01:15,640 Speaker 1: that happens, which is, how long is a piece of string? 21 00:01:15,720 --> 00:01:18,959 Speaker 2: Right? Exactly? I mean, given the mixed messages we're hearing 22 00:01:18,959 --> 00:01:21,560 Speaker 2: about high long the war will last, there seems to 23 00:01:21,560 --> 00:01:25,559 Speaker 2: be little relief in sight. The consensus view among economists 24 00:01:25,720 --> 00:01:27,880 Speaker 2: is that the Reserve Bank will lift the cash rate 25 00:01:27,920 --> 00:01:31,720 Speaker 2: again in May, and then possibly one more time this year. 26 00:01:32,080 --> 00:01:35,679 Speaker 2: Inflation figures released yesterday showed that the annual pace of 27 00:01:36,120 --> 00:01:39,800 Speaker 2: inflation in February, ahead of the outbreak of hostilities and 28 00:01:39,840 --> 00:01:42,880 Speaker 2: surge in the price of oil, was three point seven 29 00:01:42,880 --> 00:01:46,319 Speaker 2: percent at a headline three point three percent. In underlying terms. 30 00:01:46,319 --> 00:01:49,520 Speaker 2: The big drivers were higher prices in housing, food and 31 00:01:49,560 --> 00:01:53,400 Speaker 2: recreation and culture. The data has pretty much been superseded 32 00:01:53,480 --> 00:01:54,960 Speaker 2: by what's going on in the Middle East. 33 00:01:55,320 --> 00:02:00,360 Speaker 1: Yeah, now, isn't there a risk, Sean putting you on 34 00:02:00,400 --> 00:02:02,600 Speaker 1: the spot here, But isn't there a risk that, given 35 00:02:02,680 --> 00:02:05,800 Speaker 1: the very very very sharp jump in petrol prices and 36 00:02:05,840 --> 00:02:07,960 Speaker 1: the lift in interest rates, that the Reserve Bank could 37 00:02:07,960 --> 00:02:10,400 Speaker 1: actually just put the economy into a recession if it 38 00:02:10,520 --> 00:02:12,320 Speaker 1: keeps hiking the cash rate. 39 00:02:13,240 --> 00:02:15,839 Speaker 2: Absolutely, and it knows it. Do you remember last week 40 00:02:16,080 --> 00:02:19,040 Speaker 2: Michelle Bullock, the governor. She said something along the lines of, 41 00:02:19,080 --> 00:02:20,960 Speaker 2: you know, we don't want to have a recession, but 42 00:02:21,000 --> 00:02:23,600 Speaker 2: if it's hard to get inflation down, then well we're 43 00:02:23,600 --> 00:02:26,760 Speaker 2: going to have to deal with that possibly. So she 44 00:02:27,000 --> 00:02:31,000 Speaker 2: knows that this could end up a recession. It's hope not. 45 00:02:32,360 --> 00:02:35,960 Speaker 1: I mean, it's a balancing act, right, because inflation is 46 00:02:36,080 --> 00:02:38,800 Speaker 1: enemy number one. The Reserve Bank wants to stomp on it. 47 00:02:38,880 --> 00:02:42,720 Speaker 1: That's why higher interest rates are likely. But if the 48 00:02:42,760 --> 00:02:46,240 Speaker 1: price of oil stays elevated and pushes beyond one hundred 49 00:02:46,280 --> 00:02:49,840 Speaker 1: and twenty US dollars a barrel and more because the 50 00:02:49,840 --> 00:02:53,360 Speaker 1: Middle East conflict goes on and on, then a global 51 00:02:53,400 --> 00:02:54,360 Speaker 1: recession is likely. 52 00:02:54,880 --> 00:02:56,959 Speaker 2: Yes, And at that point the last thing the Reserve 53 00:02:57,000 --> 00:03:01,000 Speaker 2: Bank wants to do is lift interest rates. So reading 54 00:03:01,040 --> 00:03:04,840 Speaker 2: between the lines, monetary policy at the moment is managing 55 00:03:04,919 --> 00:03:10,200 Speaker 2: for a relatively short war and short spike in oil prices. 56 00:03:10,880 --> 00:03:13,400 Speaker 2: Even if the war ended today, it would take time 57 00:03:13,440 --> 00:03:16,320 Speaker 2: to get oil flowing again, so you would feel the 58 00:03:16,360 --> 00:03:20,360 Speaker 2: impact in prices in three months, up to six months 59 00:03:20,360 --> 00:03:24,520 Speaker 2: perhaps if the war goes on, and remember Rush's ten 60 00:03:24,560 --> 00:03:26,840 Speaker 2: day war against the Ukraine in the fourth year. At 61 00:03:26,840 --> 00:03:30,520 Speaker 2: this point, if the war goes on, the RBA gets 62 00:03:30,520 --> 00:03:33,880 Speaker 2: caught out and rates it too high. We could be 63 00:03:34,040 --> 00:03:38,320 Speaker 2: in for an absolute humdinger of a recession now. As 64 00:03:38,360 --> 00:03:41,320 Speaker 2: Jim Charmer said yesterday in a press conference, the end 65 00:03:41,360 --> 00:03:44,520 Speaker 2: of the war cannot come soon enough for the economy. 66 00:03:44,960 --> 00:03:46,320 Speaker 2: True words were never spoken. 67 00:03:46,560 --> 00:03:51,480 Speaker 1: Absolutely and bonus marks for the use of the term humdinger. 68 00:03:51,720 --> 00:03:53,600 Speaker 2: Yeah, we need more words like humdinger. 69 00:03:53,800 --> 00:03:56,560 Speaker 1: I have not heard that for a very long time. Now, 70 00:03:57,000 --> 00:04:00,240 Speaker 1: turning to the latest on the war Sean, which is 71 00:04:00,320 --> 00:04:03,000 Speaker 1: just such a fluid situation, isn't It seems to be 72 00:04:03,120 --> 00:04:06,760 Speaker 1: changing by the hour. We've heard from Donald Trump that 73 00:04:06,840 --> 00:04:10,440 Speaker 1: Iran had given the US, I quote, a very big 74 00:04:10,480 --> 00:04:14,080 Speaker 1: present worth a tremendous amount of money, and that had 75 00:04:14,120 --> 00:04:17,040 Speaker 1: then convinced the President that the US is dealing with 76 00:04:17,040 --> 00:04:20,839 Speaker 1: the right people in Iran. It came after reports that 77 00:04:20,880 --> 00:04:23,919 Speaker 1: the US had sent Iran a fifteen point plan to 78 00:04:24,160 --> 00:04:28,880 Speaker 1: end the war via intermediaries in Pakistan. Israel's Channel twelve 79 00:04:28,960 --> 00:04:31,240 Speaker 1: News reports that there is a mechanism in the plan 80 00:04:31,279 --> 00:04:34,760 Speaker 1: that would allow for a one month ceasefire, during which 81 00:04:35,240 --> 00:04:38,760 Speaker 1: Iran and the US could discuss the details of that 82 00:04:38,800 --> 00:04:39,719 Speaker 1: fifteen point plan. 83 00:04:40,320 --> 00:04:45,760 Speaker 2: Yet Michael still air strikes batter the regions, and US 84 00:04:45,800 --> 00:04:49,040 Speaker 2: troops have now been deployed. Some fifteen hundred soldiers are 85 00:04:49,080 --> 00:04:51,479 Speaker 2: set to leave the US in coming days. In head 86 00:04:51,520 --> 00:04:54,880 Speaker 2: to the region. We have French President Emanuel mccran saying 87 00:04:54,880 --> 00:04:57,880 Speaker 2: he'd spoken with the Iranian president asked him to stop 88 00:04:57,960 --> 00:05:01,440 Speaker 2: attacks on countries in the Middle East. China has gotten involved, 89 00:05:01,480 --> 00:05:04,680 Speaker 2: It's urged Iran to start peace talks. For its part, 90 00:05:04,760 --> 00:05:07,279 Speaker 2: Iran has circulated a letter to amendment countries of the 91 00:05:07,320 --> 00:05:11,719 Speaker 2: International Maritime Organization basically saying that non hostile vessels so 92 00:05:11,800 --> 00:05:15,039 Speaker 2: that means not from the US, not from Israel, can 93 00:05:15,080 --> 00:05:18,280 Speaker 2: transit that straight, can transit the Strait of Hormuz. That's 94 00:05:18,320 --> 00:05:22,880 Speaker 2: according to the Financial Times. So as we've been saying, 95 00:05:22,960 --> 00:05:27,080 Speaker 2: probably since this war began, the messages are so mixed 96 00:05:27,240 --> 00:05:31,400 Speaker 2: it is really difficult to know whether progress towards peace 97 00:05:31,520 --> 00:05:32,400 Speaker 2: is being made. 98 00:05:32,640 --> 00:05:37,520 Speaker 1: Yeah. Locally, already in Australia more than four hundred service 99 00:05:37,560 --> 00:05:42,120 Speaker 1: stations without some types of fuel as a result of 100 00:05:42,160 --> 00:05:44,599 Speaker 1: the war. It seems to be very much focused on 101 00:05:44,680 --> 00:05:47,320 Speaker 1: diesel at this point, with I think nearly three hundred 102 00:05:47,360 --> 00:05:51,160 Speaker 1: across the country without any diesel left whatsoever, and you 103 00:05:51,279 --> 00:05:54,040 Speaker 1: really feel for those in regional and rural areas. It's 104 00:05:54,040 --> 00:05:56,800 Speaker 1: a critical time for farmers at the moment and not 105 00:05:56,839 --> 00:05:58,600 Speaker 1: being able to get the diesel that they need is 106 00:05:59,320 --> 00:06:03,640 Speaker 1: so somaging. The federal government has introduced new legislation to 107 00:06:03,760 --> 00:06:08,120 Speaker 1: double the penalty for petrol suppliers who are found to 108 00:06:08,160 --> 00:06:09,080 Speaker 1: be price gouging. 109 00:06:09,320 --> 00:06:11,320 Speaker 2: Yeah. What I think is really interesting about all this, 110 00:06:11,360 --> 00:06:14,480 Speaker 2: You're starting to see the impact of the high fuel 111 00:06:14,560 --> 00:06:19,080 Speaker 2: prices beyond diesel and petrol. So Australia Post yesterday said 112 00:06:19,080 --> 00:06:21,640 Speaker 2: it will increase the fuel surcharts for about three thirty 113 00:06:21,680 --> 00:06:26,520 Speaker 2: thousand contract customers. Ultimately that cost is borne by the 114 00:06:26,560 --> 00:06:31,839 Speaker 2: senders of parcels, not by the contractors. So it just 115 00:06:32,200 --> 00:06:36,599 Speaker 2: shows that already this is seeping through the broader economy. 116 00:06:36,720 --> 00:06:39,359 Speaker 1: Absolutely, it almost goes without saying that the war is 117 00:06:39,400 --> 00:06:42,920 Speaker 1: certainly having an impact on the ASX, just that the 118 00:06:42,960 --> 00:06:46,000 Speaker 1: news of that potential peace plan, that fifteen point plan 119 00:06:46,360 --> 00:06:50,520 Speaker 1: we mentioned before, that sent the market up, the local 120 00:06:50,560 --> 00:06:54,920 Speaker 1: market up one point eight five percent yesterday to five 121 00:06:55,000 --> 00:06:58,080 Speaker 1: hundred and thirty four points. That's the best single session 122 00:06:58,279 --> 00:07:01,640 Speaker 1: in a year. The increase added about out fifty five 123 00:07:01,720 --> 00:07:03,799 Speaker 1: billion dollars to the value of the Boss. 124 00:07:04,040 --> 00:07:06,599 Speaker 2: Yeah, there were some really big moves among gold stocks. 125 00:07:06,600 --> 00:07:09,800 Speaker 2: Among critical minerals companies, Drone Shield was the best on 126 00:07:09,840 --> 00:07:13,160 Speaker 2: the day, up nineteen percent. Had plenty of friends though. 127 00:07:14,000 --> 00:07:16,440 Speaker 2: It was a very good day for BHP. Very good 128 00:07:16,480 --> 00:07:18,360 Speaker 2: day from a quarry Bank as well as some of 129 00:07:18,360 --> 00:07:21,360 Speaker 2: the retailers. Worse, not surprisingly with the energy companies, which 130 00:07:21,360 --> 00:07:25,200 Speaker 2: fell back as oil prices fell back below one hundred 131 00:07:25,280 --> 00:07:27,559 Speaker 2: US dollars of barrels. The companies like Crew and Energy, 132 00:07:27,600 --> 00:07:31,480 Speaker 2: Beach Energy, New Hope and white Haven Coal were all sharply. 133 00:07:31,120 --> 00:07:33,920 Speaker 1: Lower all right, massive start lots still to come back 134 00:07:33,920 --> 00:07:36,320 Speaker 1: in a moment. With the rest of the day's business news. 135 00:07:42,640 --> 00:07:46,480 Speaker 1: Sean Rio Tinto will receive two billion dollars in taxpayer 136 00:07:46,520 --> 00:07:50,040 Speaker 1: subsidies to secure the long term future of its massive 137 00:07:50,120 --> 00:07:54,920 Speaker 1: Boin aluminium smelter in North Queensland. On the proviso though 138 00:07:54,960 --> 00:07:57,160 Speaker 1: that it backs more than seven billion dollars worth of 139 00:07:57,160 --> 00:08:00,960 Speaker 1: new clean energy projects in the state. The fred government 140 00:08:01,040 --> 00:08:04,000 Speaker 1: and the Queensland government will provide a billion dollars each 141 00:08:04,080 --> 00:08:06,600 Speaker 1: to keep the facility going well beyond twenty thirty. 142 00:08:06,920 --> 00:08:10,080 Speaker 2: The smelter, which employs about one thousand people in Gladstone 143 00:08:10,080 --> 00:08:14,640 Speaker 2: and Weeper is one of several metals processing facilities across 144 00:08:14,680 --> 00:08:18,720 Speaker 2: Australia struggling to remain financially viable because of rising energy 145 00:08:18,760 --> 00:08:22,760 Speaker 2: costs and other factors. Federal Industry Minister Stuart Airs said 146 00:08:22,800 --> 00:08:26,400 Speaker 2: the Boyin deal was one of the most significant decarbonization 147 00:08:26,880 --> 00:08:29,960 Speaker 2: and industrial investment commitments in Australian history. 148 00:08:30,840 --> 00:08:35,319 Speaker 1: This one's curious. Sean KMD brand, the ASX listed owner 149 00:08:35,320 --> 00:08:39,400 Speaker 1: of Rip Curl and katman Do, yesterday delayed presenting its 150 00:08:39,400 --> 00:08:41,840 Speaker 1: half year results to the market, saying it was not 151 00:08:41,960 --> 00:08:43,960 Speaker 1: in a position to release its results. 152 00:08:44,360 --> 00:08:48,319 Speaker 2: Yes, very unusual statement that one. Now there is a backstory, 153 00:08:48,360 --> 00:08:54,360 Speaker 2: of course. It comes. A Californian company called Stokehouse, which 154 00:08:54,400 --> 00:08:58,320 Speaker 2: is led by former Billibong executives, put forward a plan 155 00:08:58,960 --> 00:09:01,920 Speaker 2: to spin out ripcol from KMD, put that into a 156 00:09:01,960 --> 00:09:06,000 Speaker 2: separately listed company and then merge it with Stowhouse. CAMD 157 00:09:06,080 --> 00:09:08,640 Speaker 2: would end up with twenty two percent of the new company. 158 00:09:09,040 --> 00:09:10,880 Speaker 2: Many many moving parts here. 159 00:09:10,920 --> 00:09:11,000 Speaker 1: Now. 160 00:09:11,080 --> 00:09:14,040 Speaker 2: Cam D shareprice was down three percent yesterday. It's off 161 00:09:14,200 --> 00:09:16,840 Speaker 2: thirty five percent this year, so it has had a 162 00:09:16,960 --> 00:09:20,160 Speaker 2: really tough time of it. We'll have to wait and 163 00:09:20,280 --> 00:09:25,280 Speaker 2: see what comes of this. Rip cool Stokehouse deal cam 164 00:09:25,360 --> 00:09:28,440 Speaker 2: D said it's likely to release its results either today 165 00:09:28,559 --> 00:09:30,640 Speaker 2: or tomorrow. Maybe we'll have more news on it then. 166 00:09:30,920 --> 00:09:34,079 Speaker 1: Okay, and tickets went on sale yesterday for the first 167 00:09:34,120 --> 00:09:38,280 Speaker 1: commercial flights out of Western Sydney Airport, with Singapore Airlines 168 00:09:38,320 --> 00:09:39,839 Speaker 1: the first to commit to the new hub. 169 00:09:40,240 --> 00:09:43,480 Speaker 2: I think it's worth marking the point, you know, text 170 00:09:43,520 --> 00:09:47,720 Speaker 2: are being sold for that Singapore Airline flight or Flights 171 00:09:47,760 --> 00:09:50,680 Speaker 2: Singapore will fly daily from Western Sydney to Singapore from 172 00:09:50,880 --> 00:09:53,640 Speaker 2: November twenty three. The five point three billion dollar airport 173 00:09:53,720 --> 00:09:56,559 Speaker 2: is set to open in late October. Quatas, Jetstar and 174 00:09:56,600 --> 00:09:59,640 Speaker 2: air in New Zealand have previously said they'll fly from 175 00:09:59,640 --> 00:10:03,120 Speaker 2: the new location, yet to confirm schedules. It'd be very 176 00:10:03,120 --> 00:10:05,000 Speaker 2: cool to be on the first plane out, wouldn't it. 177 00:10:05,200 --> 00:10:08,439 Speaker 1: It'd be amazing, especially considering the airport took what sixty 178 00:10:08,520 --> 00:10:10,800 Speaker 1: years to get off the ground, well. 179 00:10:10,880 --> 00:10:12,840 Speaker 2: I mean get off the ground. I like it. What 180 00:10:12,880 --> 00:10:15,920 Speaker 2: do I think about Sydney Western City Airport? It took 181 00:10:16,200 --> 00:10:19,000 Speaker 2: like fifty five years to finally get the permits there 182 00:10:19,400 --> 00:10:23,000 Speaker 2: and then bang, it's been created in just a few years. 183 00:10:23,000 --> 00:10:23,840 Speaker 2: It's quite incredible. 184 00:10:23,960 --> 00:10:26,319 Speaker 1: Shows what she can do and to put your mind 185 00:10:26,320 --> 00:10:28,880 Speaker 1: to it. Really Sean or at least get kind of 186 00:10:28,880 --> 00:10:31,400 Speaker 1: the planning departments in alignment, which sounds a lot less 187 00:10:31,400 --> 00:10:36,679 Speaker 1: sexy than just kind of manifesting it. Ocean Winds Sean 188 00:10:36,760 --> 00:10:41,640 Speaker 1: a company, Yeah, a company owned by Portugal's EDP Renewables 189 00:10:41,720 --> 00:10:48,400 Speaker 1: and France's is it. I'm assuming the pronunciation. 190 00:10:48,240 --> 00:10:50,559 Speaker 2: Yes, Michael, I'm waiting for your French pronunciation of the 191 00:10:50,600 --> 00:10:54,160 Speaker 2: word e n gie on g. 192 00:10:55,240 --> 00:10:56,040 Speaker 1: I was pretty close. 193 00:10:56,480 --> 00:10:57,920 Speaker 2: Well, I don't know. I made it up myself. 194 00:10:58,720 --> 00:11:02,000 Speaker 1: My problem here was that I stopped halfway through. I 195 00:11:02,240 --> 00:11:04,160 Speaker 1: just rolled through. I would have been fine, no problems 196 00:11:04,160 --> 00:11:06,840 Speaker 1: at all. Anyway, It'll carry out a four month survey 197 00:11:07,640 --> 00:11:10,720 Speaker 1: off the Victorian coast to gather information about the seabed 198 00:11:10,760 --> 00:11:14,160 Speaker 1: and underwater conditions in preparation for its proposed high sea 199 00:11:14,280 --> 00:11:18,640 Speaker 1: wind project. The move signals of the venture remains committed 200 00:11:18,840 --> 00:11:22,040 Speaker 1: to the one point three gigawa project, despite several other 201 00:11:22,120 --> 00:11:25,720 Speaker 1: ventures pulling back from their Australian plans and a little 202 00:11:25,720 --> 00:11:30,160 Speaker 1: bit of uncertainty around government funding and support for what 203 00:11:30,440 --> 00:11:35,520 Speaker 1: is a very costly industry building these giant turbines off 204 00:11:35,600 --> 00:11:36,680 Speaker 1: the coast. 205 00:11:37,080 --> 00:11:40,120 Speaker 2: Yes, Ocean Winds that It would use low impact technologies 206 00:11:40,160 --> 00:11:43,560 Speaker 2: to gather the data needed to work for work to 207 00:11:43,679 --> 00:11:47,360 Speaker 2: design the project and carry out environmental assessments. According to 208 00:11:47,440 --> 00:11:51,720 Speaker 2: the Financial Review, the proposed high sea wind project involves 209 00:11:51,720 --> 00:11:55,320 Speaker 2: turbines fixed to the seabed in sixty five meters deep 210 00:11:55,360 --> 00:11:59,480 Speaker 2: water over an area of one hundred and fifty square 211 00:11:59,559 --> 00:12:04,160 Speaker 2: kilo about seventy six kilometers from the Gippsland coast in 212 00:12:04,200 --> 00:12:08,200 Speaker 2: southeast Victoria. It would power about a million households a year. 213 00:12:08,600 --> 00:12:08,800 Speaker 1: Now. 214 00:12:08,800 --> 00:12:11,560 Speaker 2: I've got to say I was. We went on a 215 00:12:11,679 --> 00:12:16,079 Speaker 2: cruise last year, Jackie and I in Norway and the 216 00:12:16,120 --> 00:12:21,560 Speaker 2: offshore wind in that country. These things are miles out 217 00:12:21,559 --> 00:12:25,240 Speaker 2: to sea, so you don't see them from land, and 218 00:12:25,280 --> 00:12:27,400 Speaker 2: you know, we're sort of cruising. As you're going out, 219 00:12:27,880 --> 00:12:32,640 Speaker 2: look up and they're like in mostly it's misty, and 220 00:12:32,840 --> 00:12:38,559 Speaker 2: you see these massive, massive turbines and there are thousands, 221 00:12:38,600 --> 00:12:40,560 Speaker 2: I'm gonna say tens of thousands. I don't know how 222 00:12:40,559 --> 00:12:43,840 Speaker 2: many there are, and they go on for miles and 223 00:12:43,880 --> 00:12:46,080 Speaker 2: miles and a mile. One of the freakiss things I 224 00:12:46,160 --> 00:12:46,920 Speaker 2: have ever seen. 225 00:12:47,800 --> 00:12:51,040 Speaker 1: And do you consider them? I know there's a lot 226 00:12:51,080 --> 00:12:53,199 Speaker 1: of objections to them because of the impact that they 227 00:12:53,240 --> 00:12:55,400 Speaker 1: have on the esthetics of an area. Do you see 228 00:12:55,440 --> 00:12:57,360 Speaker 1: them as a blight or do you just go, hey, 229 00:12:57,400 --> 00:12:58,480 Speaker 1: look at that, that's progress. 230 00:12:59,360 --> 00:13:03,800 Speaker 2: They were beautiful, absolutely beautiful. Now where I thought, I 231 00:13:03,840 --> 00:13:06,200 Speaker 2: wonder what it's doing to the environment under the sea. 232 00:13:06,400 --> 00:13:09,319 Speaker 2: That was actually a part for me. I thought, what 233 00:13:09,760 --> 00:13:12,760 Speaker 2: impact has that got? But I didn't think they're ugly 234 00:13:12,800 --> 00:13:14,720 Speaker 2: at all. I mean, you can't see them from the 235 00:13:15,040 --> 00:13:17,560 Speaker 2: from the shore. Maybe you could on a fine day, 236 00:13:17,920 --> 00:13:21,360 Speaker 2: but you go out there and they were quite incredible, 237 00:13:22,040 --> 00:13:25,200 Speaker 2: just so many of them, and you know, producing that much. 238 00:13:25,240 --> 00:13:27,800 Speaker 2: I think I'm going to get this wrong, and always 239 00:13:27,800 --> 00:13:32,040 Speaker 2: like on sort of wind is like five point three 240 00:13:32,760 --> 00:13:34,760 Speaker 2: gigab bites or something like that. Look, I'm sort of 241 00:13:34,760 --> 00:13:38,400 Speaker 2: making up. But let's say that's four million homes. Now, 242 00:13:38,480 --> 00:13:41,160 Speaker 2: most of it's on shore. But if you can power 243 00:13:41,240 --> 00:13:43,200 Speaker 2: four million homes from wind, and you know, the North 244 00:13:43,240 --> 00:13:45,600 Speaker 2: Sea has got some serious winds up there, so good 245 00:13:45,600 --> 00:13:48,800 Speaker 2: on them. Yeah, I mean it's a shame that it's 246 00:13:49,320 --> 00:13:52,120 Speaker 2: it's not really it's less economic than solar, I suppose, 247 00:13:52,160 --> 00:13:56,640 Speaker 2: but it is a great part of the renewables landscape. 248 00:13:56,920 --> 00:14:01,280 Speaker 1: Quite spectacular to look at. Okay, turned into international news 249 00:14:01,320 --> 00:14:04,600 Speaker 1: now Sean. The price of petrol has meant many people 250 00:14:04,600 --> 00:14:08,360 Speaker 1: are thinking more about electric vehicles, while the upfront cost 251 00:14:09,000 --> 00:14:12,240 Speaker 1: put many people off EV sedans. The growth in the 252 00:14:12,360 --> 00:14:16,439 Speaker 1: used EV market and Tesla dropping prices over the past year, 253 00:14:16,480 --> 00:14:21,040 Speaker 1: along with these booming gas prices right has fueled a well, 254 00:14:21,080 --> 00:14:23,840 Speaker 1: it's really a bit of a resurgence at one sector, 255 00:14:24,680 --> 00:14:29,640 Speaker 1: Justine fascinating. Where EV's are making some surprising inroads is 256 00:14:29,640 --> 00:14:34,560 Speaker 1: in the semi trailer market, with Tesla's semi truck receiving 257 00:14:34,680 --> 00:14:37,760 Speaker 1: high praise after a one month pilot of the vehicles. 258 00:14:38,280 --> 00:14:40,880 Speaker 2: So Tesla first produced a truck at the end of 259 00:14:40,920 --> 00:14:44,440 Speaker 2: twenty twenty two, but this year it's really pushed the 260 00:14:44,480 --> 00:14:49,000 Speaker 2: product with this pilot program. What truck is it saying 261 00:14:49,360 --> 00:14:53,000 Speaker 2: it's got cameras around all parts of the truck so 262 00:14:53,120 --> 00:14:55,120 Speaker 2: that when you're backing it, you don't have to jump 263 00:14:55,120 --> 00:14:57,000 Speaker 2: out to see how close you are. You can actually 264 00:14:57,040 --> 00:14:59,920 Speaker 2: see what's sitting in the cab. The range is about 265 00:15:00,000 --> 00:15:04,880 Speaker 2: eight hundred kilometers. Fast charging drivers are loving this. This 266 00:15:04,920 --> 00:15:06,880 Speaker 2: is all according to report in the Wall Street Journal. 267 00:15:07,160 --> 00:15:10,440 Speaker 2: Also having a steering wheel in the center of the 268 00:15:10,480 --> 00:15:14,520 Speaker 2: cabin rather than the right hand side, as it would 269 00:15:14,520 --> 00:15:18,080 Speaker 2: be in the US. That's the winner too. No clutch 270 00:15:18,160 --> 00:15:21,760 Speaker 2: or gear shifting that reduces fatigue acceleration much better than 271 00:15:21,760 --> 00:15:25,760 Speaker 2: in diesel vehicles. Finally, the sale called semi, which is 272 00:15:25,760 --> 00:15:29,200 Speaker 2: what Tesla calls, it much cheaper to run, not just 273 00:15:29,240 --> 00:15:33,400 Speaker 2: in terms of the charge, but also maintenance because evs 274 00:15:33,440 --> 00:15:35,760 Speaker 2: you don't have maintenance costs because there's not actually much 275 00:15:35,840 --> 00:15:39,640 Speaker 2: to repair. So yeah, apparently very very popular. 276 00:15:40,360 --> 00:15:43,840 Speaker 1: Did you know, Sean, while you were talking just then, 277 00:15:43,880 --> 00:15:44,320 Speaker 1: I did a bit. 278 00:15:44,960 --> 00:15:47,840 Speaker 2: You weren't listening. You were doing something on the screen. 279 00:15:48,240 --> 00:15:53,080 Speaker 1: I was trying to find a pronunciation for us, and 280 00:15:53,240 --> 00:15:56,520 Speaker 1: after all of our efforts to sound cultured and fancy 281 00:15:57,120 --> 00:16:00,880 Speaker 1: and a gi, it is in fact, ng is the 282 00:16:00,920 --> 00:16:03,720 Speaker 1: pronunciation of the French, the French company. 283 00:16:04,080 --> 00:16:05,320 Speaker 2: I'm sure the French wouldn't saying. 284 00:16:05,480 --> 00:16:09,160 Speaker 1: I'm sure that'd go yeah, yeah, we stand with them. 285 00:16:09,760 --> 00:16:12,280 Speaker 2: Did you like my Sammi, Did you actually listen to 286 00:16:12,320 --> 00:16:14,320 Speaker 2: the Tesla Semi truck story at all? 287 00:16:14,320 --> 00:16:17,720 Speaker 1: What? I kind of? I saw your lips moving and 288 00:16:17,240 --> 00:16:20,560 Speaker 1: it's and it looked it looked very engaging. Yeah it was, 289 00:16:20,960 --> 00:16:22,600 Speaker 1: but I mean I was, I was, I just I 290 00:16:22,680 --> 00:16:24,560 Speaker 1: needed to clear that up before we finished the show 291 00:16:24,600 --> 00:16:26,680 Speaker 1: Sewn Up. Next is Fear and Greed Q and A. 292 00:16:26,880 --> 00:16:29,920 Speaker 1: Mark Britt is your guest in the studio today. He's 293 00:16:30,000 --> 00:16:35,040 Speaker 1: the founder of Tomorrow, which has written TMRW but pronounced Tomorrow. 294 00:16:35,840 --> 00:16:40,359 Speaker 2: It is a great interview. Mark is thinking about healthcare 295 00:16:40,440 --> 00:16:43,480 Speaker 2: and a whole new way to consider it. The whole 296 00:16:43,480 --> 00:16:48,400 Speaker 2: focus is on prevention. I asked him. So his product 297 00:16:48,760 --> 00:16:52,880 Speaker 2: is it's low intervention but it's regular checkups. Is kind 298 00:16:52,880 --> 00:16:54,280 Speaker 2: of how I would say it. But you're doing it 299 00:16:54,320 --> 00:16:58,200 Speaker 2: all yourself. And we talk about why now is the time. 300 00:16:58,280 --> 00:17:00,800 Speaker 2: We've been talking about health revolution forever and hasn't happened. 301 00:17:01,120 --> 00:17:04,080 Speaker 2: He said, now is the time because of data, because 302 00:17:04,080 --> 00:17:08,399 Speaker 2: of the ability to kind of check your own I mean, 303 00:17:08,520 --> 00:17:13,840 Speaker 2: vital signs. Might be overstating it, but it's really fascinating 304 00:17:13,840 --> 00:17:15,600 Speaker 2: because it's a whole new way of looking get healthcare. 305 00:17:15,760 --> 00:17:18,800 Speaker 1: Yeah, I reckon. It's the most technologically advanced way of 306 00:17:18,840 --> 00:17:21,679 Speaker 1: looking at your own health that I've ever And if 307 00:17:21,720 --> 00:17:24,040 Speaker 1: you love kind of data and you love stats and 308 00:17:24,080 --> 00:17:26,080 Speaker 1: things like that, and you love kind of seeing what 309 00:17:26,240 --> 00:17:29,600 Speaker 1: is going to make you live a healthier, better life, 310 00:17:29,760 --> 00:17:30,800 Speaker 1: it's fascinating stuff. 311 00:17:31,280 --> 00:17:33,840 Speaker 2: So ultimately you can get to the point where you 312 00:17:33,880 --> 00:17:37,720 Speaker 2: can in a tablot or two basically take supplements of 313 00:17:37,880 --> 00:17:40,360 Speaker 2: that specifically match your needs. 314 00:17:40,480 --> 00:17:43,400 Speaker 1: So it is quite incredible. Yeah, it's cool. It's coming 315 00:17:43,440 --> 00:17:45,000 Speaker 1: up next to the Fear and Greed playlist on your 316 00:17:45,000 --> 00:17:48,400 Speaker 1: podcast platform or at Fearangreed dot com dot au, which 317 00:17:48,440 --> 00:17:51,160 Speaker 1: is where you sign up for the free daily newsletter, 318 00:17:51,160 --> 00:17:52,880 Speaker 1: which is all written so you don't have to hear 319 00:17:52,920 --> 00:17:56,840 Speaker 1: as Butchering pronunciations. As long as we spell things correctly 320 00:17:56,880 --> 00:18:00,359 Speaker 1: will be okay. Thank you very much, Sean. Thanks Michael, Thursday, 321 00:18:00,400 --> 00:18:02,960 Speaker 1: the twenty sixth of March twenty twenty six. Make sure 322 00:18:02,960 --> 00:18:05,320 Speaker 1: you're following the podcast and join us online on LinkedIn 323 00:18:05,320 --> 00:18:07,640 Speaker 1: and Instagram. I'm Michael Thompson And that was Fear and Great. 324 00:18:07,920 --> 00:18:10,840 Speaker 1: Had a great day.