1 00:00:03,880 --> 00:00:06,520 Speaker 1: Welcome to a special bonus edition of Fear and Greed, 2 00:00:06,600 --> 00:00:08,840 Speaker 1: daily business news for people who make their own decisions. 3 00:00:08,920 --> 00:00:11,280 Speaker 1: I'm Michael Thompson, and good afternoon, Sean Aylmer. 4 00:00:11,720 --> 00:00:12,840 Speaker 2: Good afternoon, Michael. 5 00:00:13,000 --> 00:00:15,760 Speaker 1: As Sean, We've just seen the first of two US 6 00:00:15,840 --> 00:00:19,639 Speaker 1: presidential debates between US President Joe Biden and former President 7 00:00:19,800 --> 00:00:22,560 Speaker 1: Donald Trump. Wrap Up this episode is a quick take 8 00:00:22,600 --> 00:00:25,319 Speaker 1: on what was said, who won, what it means for 9 00:00:25,360 --> 00:00:28,520 Speaker 1: the US election in November this year. This was, of 10 00:00:28,560 --> 00:00:32,320 Speaker 1: course a CNN presidential debate live from Georgia. The way 11 00:00:32,320 --> 00:00:35,320 Speaker 1: it was set up was that there were two anchors, 12 00:00:35,680 --> 00:00:39,360 Speaker 1: no audience in the studio, so it created quite almost 13 00:00:39,440 --> 00:00:42,680 Speaker 1: quite a sterile environment where there was no audience reaction 14 00:00:43,240 --> 00:00:45,640 Speaker 1: to any of the comments that were being made or 15 00:00:45,680 --> 00:00:48,239 Speaker 1: any of the speeches that were being delivered. Essentially, there 16 00:00:48,240 --> 00:00:51,800 Speaker 1: were questions peppered throughout from the two anchors. Microphones were 17 00:00:51,800 --> 00:00:55,120 Speaker 1: turned off when their opponents were speaking, which limited the 18 00:00:55,160 --> 00:00:59,440 Speaker 1: potential for interjections and distractions, creating really what was quite 19 00:00:59,640 --> 00:01:03,320 Speaker 1: a union unique debate environment, which was a unique debate 20 00:01:03,680 --> 00:01:05,520 Speaker 1: in general, because this is the first time that you've 21 00:01:05,560 --> 00:01:08,960 Speaker 1: had a former president taking on a current president in 22 00:01:09,000 --> 00:01:10,120 Speaker 1: a presidential debate. 23 00:01:10,160 --> 00:01:12,840 Speaker 2: What did you make of it, Jean, Well, if you 24 00:01:12,880 --> 00:01:15,320 Speaker 2: were watching this without the sound on, no doubt Donald 25 00:01:15,319 --> 00:01:18,280 Speaker 2: Trump wonted. He just looked better if you had the 26 00:01:18,319 --> 00:01:21,680 Speaker 2: sound turned on. Then it probably began as a Donald 27 00:01:21,680 --> 00:01:24,840 Speaker 2: Trump show. Then Joe Biden clambered back into it, and 28 00:01:24,880 --> 00:01:28,800 Speaker 2: at times he actually looked pretty good. But I tell 29 00:01:28,840 --> 00:01:33,839 Speaker 2: you what, Donald Trump, in terms of the public relations push, 30 00:01:34,319 --> 00:01:38,280 Speaker 2: kind of looked more capable, shall we say, than Joe Biden. Now, 31 00:01:38,319 --> 00:01:40,840 Speaker 2: of course, if you actually listened to some of the answers, 32 00:01:41,400 --> 00:01:44,640 Speaker 2: you might have a totally different view. Mike, maybe we'll 33 00:01:44,720 --> 00:01:47,199 Speaker 2: jump into some of the stuff that they were talking about. 34 00:01:47,800 --> 00:01:51,080 Speaker 2: I think generally Donald Trump didn't answer any questions. I 35 00:01:51,120 --> 00:01:54,160 Speaker 2: think that came through. He basically rebuked a lot of 36 00:01:54,160 --> 00:01:57,360 Speaker 2: stuff Joe Biden said, and it just seems that the 37 00:01:57,400 --> 00:01:59,600 Speaker 2: debate rules allowed for that. And so if you're looking 38 00:01:59,600 --> 00:02:01,840 Speaker 2: at so immediate feeds during it, people were saying, why 39 00:02:01,840 --> 00:02:04,120 Speaker 2: don't they get him to answer the question. Well, the 40 00:02:04,160 --> 00:02:07,080 Speaker 2: debate rules were set and agreed upon by the Biden administration, 41 00:02:07,400 --> 00:02:10,720 Speaker 2: so he ended up having Donald Trump and Joe Biden 42 00:02:10,760 --> 00:02:14,239 Speaker 2: to some extent, really having a crack at each other. 43 00:02:15,040 --> 00:02:17,200 Speaker 2: I don't think Joe Biden inspired a lot of confidence. 44 00:02:17,200 --> 00:02:19,640 Speaker 2: His delivery was faltering. He stumbled over some of the facts, 45 00:02:19,639 --> 00:02:23,239 Speaker 2: which adds to all that criticism about his age. Trump, 46 00:02:23,280 --> 00:02:25,520 Speaker 2: you know, he didn't answer many questions. It was actually 47 00:02:25,560 --> 00:02:28,679 Speaker 2: frustrating listening to Trump when you're trying to look for policy. 48 00:02:29,120 --> 00:02:31,519 Speaker 2: As one point there, Donald Trump said this shouldn't be 49 00:02:31,600 --> 00:02:35,000 Speaker 2: a debate. I don't think it was. I mean, like, 50 00:02:35,040 --> 00:02:38,080 Speaker 2: there weren't many debate about ideas anyway, what do you reckon? 51 00:02:38,320 --> 00:02:41,080 Speaker 1: Well, the funny thing is that that Trump showed a 52 00:02:41,240 --> 00:02:43,760 Speaker 1: very good ability to bring it back to what are 53 00:02:43,840 --> 00:02:48,600 Speaker 1: his couple of key points. And if you were watching 54 00:02:48,639 --> 00:02:50,960 Speaker 1: this and you go, there's really only one policy that 55 00:02:51,000 --> 00:02:52,640 Speaker 1: I can kind of take out of it, and that 56 00:02:52,760 --> 00:02:54,800 Speaker 1: is immigration, that this is an election that he is 57 00:02:54,800 --> 00:02:57,799 Speaker 1: trying to fight on immigration. Because he managed to bring 58 00:02:57,960 --> 00:03:01,600 Speaker 1: everything back to immigration, and in particular back to the 59 00:03:01,639 --> 00:03:05,960 Speaker 1: Mexican border. Childcare came back to immigration, healthcare came back 60 00:03:06,000 --> 00:03:10,400 Speaker 1: to immigration, Medicare, medicaid, immigration, social security, immigration, even the 61 00:03:10,480 --> 00:03:13,800 Speaker 1: opioid crisis when that was brought up, what are you 62 00:03:13,800 --> 00:03:17,880 Speaker 1: going to do about the opioid crisis? Somehow that came 63 00:03:17,919 --> 00:03:21,640 Speaker 1: back to immigration as well. He really stuck to his 64 00:03:21,800 --> 00:03:25,040 Speaker 1: talking points and clearly what has been identified as a 65 00:03:25,120 --> 00:03:28,520 Speaker 1: strong point and a really something that's going to connect 66 00:03:28,560 --> 00:03:32,640 Speaker 1: with his voters, and everything came back to immigration. 67 00:03:33,600 --> 00:03:35,160 Speaker 2: It got a bit silly. I mean, there was an 68 00:03:35,240 --> 00:03:37,520 Speaker 2: argument about who had the better golf handicap and who 69 00:03:37,520 --> 00:03:40,320 Speaker 2: could hit the ball further. That was ridiculous. There was 70 00:03:40,320 --> 00:03:42,640 Speaker 2: also an argument about who's more likely to start World 71 00:03:42,680 --> 00:03:48,240 Speaker 2: War three, and you know, it was actually childish, which 72 00:03:48,480 --> 00:03:52,680 Speaker 2: both I think Trump said made some comment like that, 73 00:03:53,320 --> 00:03:55,440 Speaker 2: and it was it was totally childish at one point. 74 00:03:55,480 --> 00:03:57,360 Speaker 2: I did love the discussion about who was the worst 75 00:03:57,480 --> 00:03:58,880 Speaker 2: president in American history? 76 00:03:59,400 --> 00:04:01,600 Speaker 1: Yeah, and that we talked about this on fear and 77 00:04:01,600 --> 00:04:03,960 Speaker 1: greed before, and about the fact that there was a 78 00:04:03,960 --> 00:04:06,480 Speaker 1: big study done not so long ago, wasn't it, And 79 00:04:06,520 --> 00:04:09,680 Speaker 1: that was quoted on a couple of occasions by Biden 80 00:04:10,240 --> 00:04:13,920 Speaker 1: where Trump was identified as the worst president in US history. 81 00:04:13,920 --> 00:04:15,720 Speaker 1: So at least it was kind of using something that 82 00:04:15,760 --> 00:04:19,000 Speaker 1: has been got a bit of data behind it, potentially. 83 00:04:18,760 --> 00:04:22,280 Speaker 2: Yeah, I think. So what was interesting Biden mostly avoided 84 00:04:22,400 --> 00:04:25,360 Speaker 2: jumping into the Trump's New York haush money trial, but 85 00:04:25,400 --> 00:04:28,760 Speaker 2: then Trump talked about he called Joe Biden's son Hunter 86 00:04:28,880 --> 00:04:33,160 Speaker 2: a convicted felon. You could see Biden physically react to that, 87 00:04:33,520 --> 00:04:35,400 Speaker 2: So then he went on to talk about Trump's case 88 00:04:35,440 --> 00:04:38,000 Speaker 2: directly by saying Trump had sex with the porn star 89 00:04:38,080 --> 00:04:40,760 Speaker 2: while his wife was pregnant. It did get pretty personal 90 00:04:40,800 --> 00:04:43,160 Speaker 2: at times, which I don't think was particularly pleasant when 91 00:04:43,160 --> 00:04:46,680 Speaker 2: you're looking at people who basically are going to lead 92 00:04:46,720 --> 00:04:50,000 Speaker 2: the free world. Where Biden looked best, I reckon was 93 00:04:50,000 --> 00:04:52,039 Speaker 2: when he was talking about how great America is. He 94 00:04:52,080 --> 00:04:53,720 Speaker 2: did a lot of that, and actually he looked really good. 95 00:04:53,800 --> 00:04:56,200 Speaker 2: Then Trump's been the whole time saying how poor it is. 96 00:04:56,960 --> 00:04:59,560 Speaker 1: Yeah, And I think that was interesting. When they did 97 00:04:59,600 --> 00:05:02,160 Speaker 1: get into the Stormy Daniels the hush money case that 98 00:05:02,440 --> 00:05:04,159 Speaker 1: you were right, that was the first time you actually 99 00:05:04,200 --> 00:05:07,480 Speaker 1: saw some real emotion on Joe Biden's face, And that 100 00:05:07,880 --> 00:05:10,680 Speaker 1: line Trump has the morals of an alley cat, I 101 00:05:10,720 --> 00:05:15,720 Speaker 1: thought was probably quite effective. A couple of other quick 102 00:05:15,760 --> 00:05:18,840 Speaker 1: things that Joe Biden did seem to lose his way 103 00:05:19,640 --> 00:05:24,000 Speaker 1: on a couple of occasions where he just wasn't quite 104 00:05:24,040 --> 00:05:26,279 Speaker 1: as sharp as he probably needed to be in a 105 00:05:26,360 --> 00:05:30,159 Speaker 1: debate where age is a big issue and there's only 106 00:05:30,200 --> 00:05:34,239 Speaker 1: three years between them, yet the difference today did seem 107 00:05:34,279 --> 00:05:37,360 Speaker 1: more pronounced than that, And part of that was there 108 00:05:37,400 --> 00:05:40,680 Speaker 1: was some briefing done by the White House, by the 109 00:05:40,720 --> 00:05:43,279 Speaker 1: President's office basically saying he has a cold. At the moment, 110 00:05:43,800 --> 00:05:46,280 Speaker 1: it's not COVID. He has a cold. That is the 111 00:05:46,320 --> 00:05:48,200 Speaker 1: reason why he has quite a shaky voice, and maybe 112 00:05:48,240 --> 00:05:51,600 Speaker 1: he's not kind of seeming as stable. So clearly they 113 00:05:51,600 --> 00:05:54,200 Speaker 1: were also aware that this was how he was being 114 00:05:54,240 --> 00:05:57,279 Speaker 1: perceived at that time. There are a couple of other 115 00:05:57,800 --> 00:06:01,960 Speaker 1: things that I thought on foreign policy, some points that 116 00:06:02,440 --> 00:06:06,520 Speaker 1: Donald Trump made about the fact that Ukraine wouldn't have 117 00:06:06,560 --> 00:06:09,880 Speaker 1: been invaded if he was president, wouldn't have been invaded 118 00:06:09,880 --> 00:06:12,960 Speaker 1: by Russia, repels president, and that Israel wouldn't have been 119 00:06:13,000 --> 00:06:17,799 Speaker 1: attacked by Hermas that in these cases, in particular with Russia, 120 00:06:17,880 --> 00:06:22,520 Speaker 1: that Russia and Putin respected Trump because of his strength, 121 00:06:22,600 --> 00:06:24,800 Speaker 1: and so he was really trying to use that to 122 00:06:25,080 --> 00:06:29,360 Speaker 1: nail Biden as a week president and seen internationally as 123 00:06:29,480 --> 00:06:33,360 Speaker 1: a week president. And unfortunately he used a lot of 124 00:06:33,400 --> 00:06:36,200 Speaker 1: facts and a lot of examples that I don't think 125 00:06:36,279 --> 00:06:40,400 Speaker 1: are necessarily supported by the truth and fact check websites 126 00:06:40,480 --> 00:06:42,159 Speaker 1: are going to have a field day with it, but 127 00:06:42,480 --> 00:06:48,640 Speaker 1: Biden did not do the best job in refuting those examples. 128 00:06:49,160 --> 00:06:52,159 Speaker 2: So bottom line for me, Donald Trump looked better, more able, 129 00:06:52,200 --> 00:06:55,279 Speaker 2: more vibrant. But Joe Biden, if you listen to what 130 00:06:55,320 --> 00:06:59,120 Speaker 2: the candidate said, certainly had a lot more substance to him. 131 00:06:59,360 --> 00:07:02,440 Speaker 2: But if you're going to pick winner Trump, what about you? Michael, 132 00:07:02,760 --> 00:07:03,600 Speaker 2: I think you're right. 133 00:07:03,760 --> 00:07:06,279 Speaker 1: I think you were right. I think that in the end, 134 00:07:06,600 --> 00:07:09,440 Speaker 1: in a debate where we're one of the main things 135 00:07:09,760 --> 00:07:13,440 Speaker 1: that you're looking for is the effective communication and the 136 00:07:13,440 --> 00:07:16,920 Speaker 1: ability to convey this point, to stick to your main message, 137 00:07:17,240 --> 00:07:20,160 Speaker 1: and I think Trump executed that more effectively today. 138 00:07:20,400 --> 00:07:24,240 Speaker 2: I must say the debate left me with disappointment, maybe 139 00:07:24,560 --> 00:07:28,280 Speaker 2: that they're the two best possible candidates to be president 140 00:07:28,320 --> 00:07:28,880 Speaker 2: of the USA. 141 00:07:29,320 --> 00:07:31,320 Speaker 1: I think you might be right. I think it's a 142 00:07:31,320 --> 00:07:33,440 Speaker 1: little bit alarming, isn't it that in the end, this 143 00:07:33,600 --> 00:07:36,480 Speaker 1: is kind of where we are. So it's going to 144 00:07:36,480 --> 00:07:42,280 Speaker 1: be sawn a very interesting few months between now and November. 145 00:07:42,360 --> 00:07:45,080 Speaker 1: There's so much theater, so much drama around it. But 146 00:07:45,200 --> 00:07:48,600 Speaker 1: in the end, it is vitally, vitally important because this 147 00:07:48,840 --> 00:07:51,320 Speaker 1: is essentially the election for the leader of the free world, 148 00:07:51,360 --> 00:07:53,920 Speaker 1: and this decision does have flow on effects right around 149 00:07:53,960 --> 00:07:54,280 Speaker 1: the world. 150 00:07:54,840 --> 00:07:57,560 Speaker 2: It's going to be a fantastic few months to report 151 00:07:57,600 --> 00:07:58,160 Speaker 2: on indeed. 152 00:07:58,240 --> 00:08:01,120 Speaker 1: Well, thank you very much, Sean, Thank thank you very 153 00:08:01,200 --> 00:08:03,880 Speaker 1: much for joining us on this special edition, this special 154 00:08:03,920 --> 00:08:06,680 Speaker 1: bonus edition of Fear and Greed. Remember follow on the 155 00:08:06,680 --> 00:08:09,920 Speaker 1: podcast and please join us online on LinkedIn, Instagram, x 156 00:08:10,040 --> 00:08:14,760 Speaker 1: TikTok and Facebook. I'm Michael Thompson. Have a great day.