1 00:00:06,440 --> 00:00:08,920 Speaker 1: This is the weekend edition of Fear and Greed, daily 2 00:00:08,960 --> 00:00:11,360 Speaker 1: business news for people who make their own decisions. Are 3 00:00:11,440 --> 00:00:13,400 Speaker 1: Michael Thompson and Good Morning, Sean. 4 00:00:13,280 --> 00:00:15,640 Speaker 2: Aylmer, Good morning, Michael, Sean. 5 00:00:15,680 --> 00:00:17,400 Speaker 1: Our weekend show is all about the two of us, 6 00:00:17,440 --> 00:00:20,040 Speaker 1: each nominating what we think is the biggest story, the 7 00:00:20,040 --> 00:00:22,360 Speaker 1: biggest business story that is of the week, the most 8 00:00:22,400 --> 00:00:26,200 Speaker 1: remarkable business story, the sleeper story, one that's flying under 9 00:00:26,239 --> 00:00:29,400 Speaker 1: the radar a little bit, and our favorite business related 10 00:00:29,520 --> 00:00:32,240 Speaker 1: or business adjacent story. And every week we are joined 11 00:00:32,280 --> 00:00:35,080 Speaker 1: by a judge to pick a winner. Usually usually that 12 00:00:35,159 --> 00:00:37,600 Speaker 1: judges our Fear and Greed colleague Adam Lang. Adam is 13 00:00:37,640 --> 00:00:40,920 Speaker 1: having a well deserved week off. It is not a 14 00:00:40,920 --> 00:00:44,000 Speaker 1: reflection on his previous judgments. We haven't sent him packing 15 00:00:44,000 --> 00:00:44,520 Speaker 1: for a week. 16 00:00:44,400 --> 00:00:47,080 Speaker 2: Which have been appalling just quietly. But anyway, I think. 17 00:00:46,880 --> 00:00:50,360 Speaker 1: We can agree on that. Really, I mean, broadly speaking, 18 00:00:50,479 --> 00:00:55,240 Speaker 1: terrible judging. But in his place this week we have 19 00:00:55,600 --> 00:01:00,080 Speaker 1: economics correspondent a Capital Brief, Jennifer Duke. Jen Good morning, 20 00:01:00,280 --> 00:01:04,800 Speaker 1: Good morning. Are you optimistic that you will deliver a 21 00:01:04,800 --> 00:01:06,840 Speaker 1: better outcome than Adam? 22 00:01:07,240 --> 00:01:10,360 Speaker 3: Well, I have to dop you in first, Michael, because 23 00:01:10,400 --> 00:01:13,280 Speaker 3: I don't think Sean knows that when you invited me 24 00:01:13,360 --> 00:01:16,240 Speaker 3: on here, you're already badgering me to give you more points. 25 00:01:16,360 --> 00:01:20,559 Speaker 3: So I'm already pre primed against you because I don't 26 00:01:20,680 --> 00:01:21,880 Speaker 3: enjoy that kind of bribery. 27 00:01:21,920 --> 00:01:23,840 Speaker 2: Thank you, thank you, thank you. 28 00:01:24,440 --> 00:01:28,160 Speaker 3: Just on a level playing field here, that is. 29 00:01:29,200 --> 00:01:31,680 Speaker 1: Look, I can't deny it because it is all via 30 00:01:31,720 --> 00:01:32,440 Speaker 1: text message. 31 00:01:33,160 --> 00:01:34,920 Speaker 3: I have written proof. I've got the receipts. 32 00:01:35,080 --> 00:01:37,360 Speaker 2: I don't know what that Isn't there a phrase as 33 00:01:37,680 --> 00:01:40,160 Speaker 2: zebra doesn't change its stripes or something rather like that, 34 00:01:40,400 --> 00:01:43,840 Speaker 2: you know, leopard spots, leopard spots? Is that what it is? Yeah, 35 00:01:44,000 --> 00:01:46,680 Speaker 2: he's consistent, at least ship Michael is very consistent. 36 00:01:47,360 --> 00:01:49,280 Speaker 1: I will get the points however I need to, And 37 00:01:49,320 --> 00:01:53,800 Speaker 1: if that involves bribery or kind of persuasion, just gentle 38 00:01:53,840 --> 00:01:56,480 Speaker 1: suggestions that maybe I deserve a win, then I will 39 00:01:56,480 --> 00:01:59,080 Speaker 1: do whatever it takes. Sean, shall we jump into the 40 00:01:59,080 --> 00:02:01,480 Speaker 1: biggest story of the week. Let's make this a fair 41 00:02:01,520 --> 00:02:04,480 Speaker 1: fight today. You get all of that kind of niciness corruption. 42 00:02:05,680 --> 00:02:08,320 Speaker 1: Were gonna throw words like corruption around. 43 00:02:09,280 --> 00:02:13,400 Speaker 2: We prefer cheating on this show, Jennifer. I think the 44 00:02:13,440 --> 00:02:16,240 Speaker 2: biggest story of the week, I mean it has to 45 00:02:16,240 --> 00:02:17,520 Speaker 2: be the biggest story of the week because we all 46 00:02:17,560 --> 00:02:20,320 Speaker 2: have super funds. The convulsions in global equity markets over 47 00:02:20,360 --> 00:02:22,400 Speaker 2: the past week or so they were pretty wild. They 48 00:02:22,440 --> 00:02:25,040 Speaker 2: wiped off hundreds of billions of dollars in value and 49 00:02:25,080 --> 00:02:29,080 Speaker 2: then basically gained hundreds of billions of dollars in value back. 50 00:02:29,600 --> 00:02:31,399 Speaker 2: It's a great way for new investors to lose money, 51 00:02:31,400 --> 00:02:35,000 Speaker 2: particularly if they're trading all this volatility. Early in the week, 52 00:02:35,040 --> 00:02:37,160 Speaker 2: the ASX two hundred lost five and a half percent 53 00:02:37,240 --> 00:02:40,399 Speaker 2: over two sessions. Wall Street tumbled. The Japanese market fell 54 00:02:40,480 --> 00:02:44,360 Speaker 2: thirteen percent on one day, then rebounded ten percent the 55 00:02:44,400 --> 00:02:48,079 Speaker 2: next day. Now the reason for the nerves Over recent months, 56 00:02:48,080 --> 00:02:51,480 Speaker 2: investors had pretty much convinced themselves that the US economy 57 00:02:51,800 --> 00:02:54,240 Speaker 2: wasn't going to go into recession. Then late last week 58 00:02:54,440 --> 00:02:57,120 Speaker 2: there were some week data measures of the manufacturing and 59 00:02:57,200 --> 00:03:01,160 Speaker 2: services sector and the labor market. They were uniformly. Investors 60 00:03:01,160 --> 00:03:04,000 Speaker 2: are just great at picking out the eyes of economic 61 00:03:04,080 --> 00:03:07,600 Speaker 2: data to suit their argument, but when everything looks bad, 62 00:03:08,120 --> 00:03:11,280 Speaker 2: everyone has to reassess. Suddenly, the likelihood of a recession 63 00:03:11,280 --> 00:03:13,520 Speaker 2: in the US went from almost nothing to maybe around 64 00:03:13,560 --> 00:03:19,200 Speaker 2: thirty forty percent. Equity markets repriced. It's actually quite rational. Now, 65 00:03:19,560 --> 00:03:22,840 Speaker 2: remember they started stock markets started at a near record 66 00:03:23,000 --> 00:03:25,640 Speaker 2: level when they sell off began. Now both Wall Street 67 00:03:25,639 --> 00:03:28,760 Speaker 2: and THEASEX training around the level that they've actually been 68 00:03:28,840 --> 00:03:31,200 Speaker 2: for the past four or five months. There was a 69 00:03:31,200 --> 00:03:33,000 Speaker 2: period last month where they were high, there was a 70 00:03:33,000 --> 00:03:35,480 Speaker 2: period in April where they were lower, but actually they're 71 00:03:35,480 --> 00:03:38,360 Speaker 2: about where they have been for four or five months, 72 00:03:38,400 --> 00:03:41,080 Speaker 2: more of a readjustment than a crash or anything like that. 73 00:03:41,520 --> 00:03:43,680 Speaker 2: Briefly on that Japanese market, a couple of things happen. 74 00:03:43,760 --> 00:03:46,480 Speaker 2: Their interest rates are rising, they could continue to do so. 75 00:03:46,600 --> 00:03:48,600 Speaker 2: That's about the first time in about twenty five years 76 00:03:48,680 --> 00:03:52,720 Speaker 2: that's happened in Japan. So bonds suddenly look more attractive 77 00:03:53,080 --> 00:03:56,480 Speaker 2: relative to equities, so people dumb equities jump in to bonds. 78 00:03:56,880 --> 00:03:59,480 Speaker 2: Related to this is something called the carry trade, of 79 00:03:59,520 --> 00:04:02,120 Speaker 2: the unwaste ending of the curry trade. For years, investors 80 00:04:02,160 --> 00:04:06,520 Speaker 2: have been borrowing Japanese money really no interest rates, investing 81 00:04:06,560 --> 00:04:09,920 Speaker 2: it elsewhere. Suddeny rates in Japan are rising, people are 82 00:04:09,960 --> 00:04:13,480 Speaker 2: thinking about putting it back into Japan. The Misses Watanabi effect, 83 00:04:13,720 --> 00:04:17,560 Speaker 2: who is the apparently she's a retail investor who does that. Anyway, 84 00:04:17,720 --> 00:04:22,160 Speaker 2: all this together we have had absolute turmoil in financial markets, 85 00:04:22,160 --> 00:04:27,880 Speaker 2: particularly equities. We've had risk assets tumbling like the Aussie dollar, 86 00:04:28,160 --> 00:04:32,800 Speaker 2: like bitcoin. Huge week for markets, Michael, your biggest story 87 00:04:32,800 --> 00:04:33,200 Speaker 2: of the week. 88 00:04:33,839 --> 00:04:35,599 Speaker 1: That is a big That is a big, big story. 89 00:04:35,600 --> 00:04:37,760 Speaker 1: But as you say, Sean, important to keep these kind 90 00:04:37,760 --> 00:04:40,800 Speaker 1: of market gyrations in perspective. Big drops, big sell offs, 91 00:04:40,839 --> 00:04:44,440 Speaker 1: but still, as you say, local markets still trading around 92 00:04:44,440 --> 00:04:46,279 Speaker 1: where it was for the last five months or so. 93 00:04:46,279 --> 00:04:47,359 Speaker 1: So big story. 94 00:04:47,360 --> 00:04:49,000 Speaker 2: What about the people that lost all their money? 95 00:04:50,000 --> 00:04:52,839 Speaker 1: Sean, It was a big story. You know what. The 96 00:04:52,880 --> 00:04:57,520 Speaker 1: story is going to have a lasting effect. Yeah, an 97 00:04:57,600 --> 00:05:01,760 Speaker 1: ongoing impact on the entire kind tree will be of course, 98 00:05:01,800 --> 00:05:05,800 Speaker 1: the Reserve Bank and the Board's decision this week, not 99 00:05:06,040 --> 00:05:08,880 Speaker 1: just the fact that the RBA board left rates on hold, 100 00:05:08,920 --> 00:05:11,320 Speaker 1: but the fact that they didn't even consider cutting them. 101 00:05:11,360 --> 00:05:12,080 Speaker 1: There are only two. 102 00:05:12,360 --> 00:05:14,880 Speaker 2: Hold on, hold on. You're complaining about me having markets 103 00:05:14,880 --> 00:05:17,680 Speaker 2: at the same what did the Reserve Bank do the 104 00:05:17,720 --> 00:05:18,720 Speaker 2: first part of that sentence. 105 00:05:19,520 --> 00:05:23,760 Speaker 1: It feels like that's a minor, irrelevant detail. There are 106 00:05:23,760 --> 00:05:26,760 Speaker 1: only two options on the table for the RBA board, 107 00:05:26,800 --> 00:05:29,400 Speaker 1: raise rates or hold for a long time, and inflation 108 00:05:29,480 --> 00:05:31,440 Speaker 1: obviously is still too high. The board things that will 109 00:05:31,480 --> 00:05:33,520 Speaker 1: take longer to get it back into the target band. 110 00:05:33,520 --> 00:05:36,839 Speaker 1: So what does it mean for mortgage holders? No rate 111 00:05:36,920 --> 00:05:38,320 Speaker 1: cuts anytime soon? 112 00:05:38,400 --> 00:05:40,080 Speaker 2: Hold on, hold on, We've got to jump inny Gen. 113 00:05:40,120 --> 00:05:41,080 Speaker 2: Do you have a mortgage? 114 00:05:42,360 --> 00:05:45,280 Speaker 3: No? I do not. I thankfully paid off my mortgage. 115 00:05:46,120 --> 00:05:47,520 Speaker 2: Know why you're too done for that? 116 00:05:49,240 --> 00:05:51,080 Speaker 3: I'm very, very frugal, would be. 117 00:05:51,000 --> 00:05:51,640 Speaker 1: The way to put that. 118 00:05:52,279 --> 00:05:54,280 Speaker 2: I'm in all well done. 119 00:05:54,760 --> 00:05:55,760 Speaker 3: And our house is tiny. 120 00:05:56,040 --> 00:05:58,039 Speaker 2: Ah, this isn't going to help your argument, Michael, for 121 00:05:58,080 --> 00:05:58,600 Speaker 2: the record, but. 122 00:05:58,600 --> 00:06:03,320 Speaker 3: Go on, No, it's not. But I this stuff fascinating, obviously, occupational. 123 00:06:04,440 --> 00:06:07,960 Speaker 1: Absolutely, but you also then know that the you know 124 00:06:08,080 --> 00:06:09,760 Speaker 1: what it does, it takes a lot of the wind 125 00:06:09,800 --> 00:06:14,120 Speaker 1: out of my sales. But that's okay, that's fine because 126 00:06:14,400 --> 00:06:17,000 Speaker 1: there are plenty of people out there that still do 127 00:06:17,320 --> 00:06:19,200 Speaker 1: have a mortgage, and a lot of people that have 128 00:06:19,240 --> 00:06:22,600 Speaker 1: been suffering with the cost of living as interest rates 129 00:06:22,600 --> 00:06:25,200 Speaker 1: have been rising. Are you making annoying? 130 00:06:26,400 --> 00:06:29,040 Speaker 2: You're telling my story, You're telling my life story. 131 00:06:29,800 --> 00:06:32,560 Speaker 3: Goodness, I've never seen so much intervention in someone else's 132 00:06:32,680 --> 00:06:33,240 Speaker 3: biggest story. 133 00:06:33,600 --> 00:06:34,760 Speaker 1: Just doesn't stop, does he. 134 00:06:34,839 --> 00:06:36,120 Speaker 2: I'll shut up now now. 135 00:06:36,160 --> 00:06:40,240 Speaker 1: The thing is, though plenty of very experienced economists prior 136 00:06:40,320 --> 00:06:44,039 Speaker 1: to Tuesday. We're tipping a rate cut as soon as November, 137 00:06:44,360 --> 00:06:47,560 Speaker 1: not anymore, won't be this year at all, next year maybe, 138 00:06:48,000 --> 00:06:50,159 Speaker 1: and the Reserve Bank Governor Michelle Bullock has warned that 139 00:06:50,160 --> 00:06:54,080 Speaker 1: the RBA won't hesitate to raise rates again if needed 140 00:06:54,360 --> 00:06:56,960 Speaker 1: if inflation looks like it's getting out of hand. A 141 00:06:57,000 --> 00:06:59,159 Speaker 1: political angle as well, I'm just taking I don't know 142 00:06:59,200 --> 00:07:02,360 Speaker 1: what you're judging. Criteria are here, Jen, but I'm assuming 143 00:07:02,960 --> 00:07:05,719 Speaker 1: it's kind of economic impact and also a political angle 144 00:07:05,760 --> 00:07:08,559 Speaker 1: and all these kinds of things. So political angle tick 145 00:07:09,320 --> 00:07:12,440 Speaker 1: because the governor took a veiled shot at government spending 146 00:07:12,840 --> 00:07:15,800 Speaker 1: right around the country, suggesting kind of in kind of 147 00:07:15,800 --> 00:07:18,800 Speaker 1: Reserve Bank speak that it was perhaps contributing to the 148 00:07:18,800 --> 00:07:22,200 Speaker 1: ongoing inflation challenge. Federal Treasurer Jim Chalmers rejected that the 149 00:07:22,240 --> 00:07:24,720 Speaker 1: Prime Minister did too, but talk about stirring things up 150 00:07:25,320 --> 00:07:29,400 Speaker 1: the hopes. Okay, just take one quick step back here 151 00:07:30,080 --> 00:07:34,360 Speaker 1: and assess we end the week in a vastly different 152 00:07:34,440 --> 00:07:37,880 Speaker 1: position to where we started. The hopes of an imminent 153 00:07:38,000 --> 00:07:40,960 Speaker 1: rate cut, the hopes of a nation have been dashed, 154 00:07:41,400 --> 00:07:45,240 Speaker 1: the specter of more rate risers is hanging over us, 155 00:07:46,320 --> 00:07:49,680 Speaker 1: and a political spat over government spending, not helped of 156 00:07:49,680 --> 00:07:52,720 Speaker 1: course by the big spending promises out of Queensland. In 157 00:07:52,840 --> 00:07:57,960 Speaker 1: terms of stories, in the stories that everyday Australians are 158 00:07:58,000 --> 00:08:00,720 Speaker 1: talking about, the one that they will still talking about 159 00:08:00,760 --> 00:08:03,320 Speaker 1: next week and the week after, the one that they're 160 00:08:03,360 --> 00:08:08,640 Speaker 1: losing sleepover. This is it the biggest story of the week. 161 00:08:09,160 --> 00:08:11,680 Speaker 1: Do we get points for melodrama from you, Jen, because 162 00:08:11,680 --> 00:08:13,840 Speaker 1: I know that Adam does it feel well. 163 00:08:13,840 --> 00:08:15,560 Speaker 3: I was just wondering that I was thinking about it 164 00:08:15,560 --> 00:08:17,720 Speaker 3: because I thought for the melodrama, you're really bringing it 165 00:08:17,720 --> 00:08:20,640 Speaker 3: where Seawan is very much everyone be relaxed. This you know, 166 00:08:20,720 --> 00:08:22,880 Speaker 3: this is very similar to what we've kind of levels 167 00:08:22,880 --> 00:08:25,360 Speaker 3: we've seen in the past. We're still on very similar 168 00:08:25,440 --> 00:08:27,440 Speaker 3: levels so I've seen in the pust Reserve Bank as well. 169 00:08:27,480 --> 00:08:29,520 Speaker 3: But you're in the maybe there's more hikes to come, 170 00:08:29,640 --> 00:08:32,480 Speaker 3: so you know, for melodrama, you maybe get a point, 171 00:08:33,679 --> 00:08:35,360 Speaker 3: but then you'll set a point taken off for trying 172 00:08:35,360 --> 00:08:38,080 Speaker 3: to cheat, so you're probably back to an equal level. 173 00:08:38,120 --> 00:08:39,400 Speaker 2: Excellent, excellent. 174 00:08:39,840 --> 00:08:42,400 Speaker 1: I don't like where this is going, all right, judge us. 175 00:08:43,559 --> 00:08:47,640 Speaker 3: Well, look, I think that this one's really tricky for 176 00:08:47,679 --> 00:08:51,520 Speaker 3: me because I find the Reserve Bank incredibly, incredibly fascinating. 177 00:08:52,040 --> 00:08:54,640 Speaker 3: But interestingly, when I was at the Reserve Bank on 178 00:08:54,720 --> 00:08:57,560 Speaker 3: Tuesday for the decision, all the conversation in the room 179 00:08:57,600 --> 00:08:59,760 Speaker 3: among the reporters was about whether Michelle would comment on 180 00:08:59,800 --> 00:09:01,480 Speaker 3: the mark markets and what's been going on in the 181 00:09:01,480 --> 00:09:04,720 Speaker 3: markets and how she might perceive that and how that 182 00:09:04,800 --> 00:09:07,560 Speaker 3: might play into what they're doing. But at the same time, 183 00:09:07,600 --> 00:09:10,240 Speaker 3: I think that clearly what she said in that political 184 00:09:10,280 --> 00:09:13,520 Speaker 3: angle that you referenced has so much relevance to Australia. 185 00:09:13,840 --> 00:09:15,280 Speaker 3: So I actually think I'm going to line ball this 186 00:09:15,320 --> 00:09:17,480 Speaker 3: one and give you both an equal win. 187 00:09:19,120 --> 00:09:20,560 Speaker 2: That's very Adam Lang of you. 188 00:09:21,360 --> 00:09:23,080 Speaker 1: Did he pass on from the band? 189 00:09:24,760 --> 00:09:27,960 Speaker 2: We're going to call that a drawer? Wow? What I 190 00:09:28,040 --> 00:09:30,680 Speaker 2: do like. What I do like is that Michael still 191 00:09:30,800 --> 00:09:33,880 Speaker 2: has not managed to win on an economic story yet 192 00:09:34,120 --> 00:09:34,960 Speaker 2: in this show. 193 00:09:36,679 --> 00:09:40,360 Speaker 1: And especially talking to someone Jen who lives and breathes this, 194 00:09:40,720 --> 00:09:42,600 Speaker 1: I thought that I would have when I got in 195 00:09:42,640 --> 00:09:44,240 Speaker 1: early and reserved it. 196 00:09:44,520 --> 00:09:47,080 Speaker 3: Honestly, if the markets had happened on any other week, 197 00:09:47,160 --> 00:09:49,839 Speaker 3: you probably would have won that point. But it was 198 00:09:50,000 --> 00:09:52,000 Speaker 3: it was really interesting. Everyone in the room was just like, 199 00:09:52,080 --> 00:09:53,760 Speaker 3: is she going to comment what's going on in the markets? 200 00:09:53,760 --> 00:09:55,760 Speaker 3: How did the forecast take into account the markets? So 201 00:09:55,800 --> 00:09:58,160 Speaker 3: I feel like those two are actually kind of part 202 00:09:58,200 --> 00:09:59,319 Speaker 3: of the same story in a way. 203 00:09:59,480 --> 00:10:02,560 Speaker 2: Jen, what's like in those press conferences with Michelle Bullock? 204 00:10:03,040 --> 00:10:04,040 Speaker 2: Are you impressed by her? 205 00:10:04,120 --> 00:10:08,520 Speaker 3: Because I actually am. I don't know everyone else's opinion 206 00:10:08,559 --> 00:10:12,959 Speaker 3: on this, but she seems incredibly calm with very varied questions. 207 00:10:13,000 --> 00:10:15,640 Speaker 3: It could be as simple as are you really upset 208 00:10:15,679 --> 00:10:17,400 Speaker 3: about the kind of letters you're getting? We kind of 209 00:10:17,400 --> 00:10:19,080 Speaker 3: get that from the Tableau Press, and then there's some 210 00:10:19,080 --> 00:10:22,280 Speaker 3: really really technical questions. There's some Central Bank specialist publications 211 00:10:22,280 --> 00:10:25,679 Speaker 3: that are there as well, and she pretty much canvass 212 00:10:25,760 --> 00:10:28,760 Speaker 3: them all pretty openly. I think she's quite honest when 213 00:10:28,800 --> 00:10:32,520 Speaker 3: she speaks. And even though this time everything kind of 214 00:10:32,559 --> 00:10:36,120 Speaker 3: devolved very quickly into a bit of a political Rgbarjie, 215 00:10:36,120 --> 00:10:38,560 Speaker 3: she was back up again in Armadale. I think that 216 00:10:38,720 --> 00:10:40,160 Speaker 3: was on Thursday. 217 00:10:39,800 --> 00:10:40,719 Speaker 2: At the Rotary Club. 218 00:10:41,080 --> 00:10:43,400 Speaker 3: Yes, I know, I know, so funny. Well, she's an 219 00:10:43,400 --> 00:10:46,360 Speaker 3: alumni of UNE and I think they were hosting it, 220 00:10:46,440 --> 00:10:48,559 Speaker 3: so there's a lot of connections for her there. That's 221 00:10:48,600 --> 00:10:53,240 Speaker 3: her childhood hometown, and she kind of leveled things out 222 00:10:53,240 --> 00:10:54,680 Speaker 3: a little bit more. She was a bit more soothing 223 00:10:54,720 --> 00:10:56,839 Speaker 3: about that relationship with the government, So it is really 224 00:10:56,880 --> 00:10:59,439 Speaker 3: hard for her. I mean she has to balance the 225 00:10:59,480 --> 00:11:02,599 Speaker 3: relationship with Chalmers plus her communications with the public and 226 00:11:02,640 --> 00:11:04,679 Speaker 3: a lot of jaw boning. I'm assuming it's going on 227 00:11:05,120 --> 00:11:07,920 Speaker 3: as well as managing the expectations of the media and 228 00:11:07,920 --> 00:11:09,679 Speaker 3: it's it just must be such a hard job, and 229 00:11:09,679 --> 00:11:11,400 Speaker 3: I actually think she does quite well at it. I 230 00:11:11,400 --> 00:11:13,160 Speaker 3: don't know if you share the same opinion. 231 00:11:13,360 --> 00:11:15,520 Speaker 2: Yeah, no, I think she has done a great job. 232 00:11:15,720 --> 00:11:19,480 Speaker 2: Very plain spoken. Michelle Bullock definitely, I think that's definitely. 233 00:11:19,520 --> 00:11:21,520 Speaker 3: I think that's the country, the country in her which 234 00:11:21,520 --> 00:11:22,199 Speaker 3: is nice. 235 00:11:22,320 --> 00:11:24,760 Speaker 2: Like I said, Phil Lowe was from Wagga Wagga, yes, 236 00:11:25,160 --> 00:11:29,560 Speaker 2: southwestern New South Wales. Michelle Bullocks from Armadale and northwestern 237 00:11:29,600 --> 00:11:32,000 Speaker 2: New South Wales. Glenn Stevens the guy before he was 238 00:11:32,120 --> 00:11:35,240 Speaker 2: from the Shire in Sydney. I think right. 239 00:11:35,200 --> 00:11:36,800 Speaker 3: Hardly was kind of the country if you live in 240 00:11:36,960 --> 00:11:37,280 Speaker 3: that's right. 241 00:11:40,040 --> 00:11:43,000 Speaker 2: Yeah, Well it's these country folks. They're doing a good job. 242 00:11:44,440 --> 00:11:46,520 Speaker 3: I don't know. I think it's interesting to see whether 243 00:11:46,640 --> 00:11:48,440 Speaker 3: or not we'll have that same effect going forward, because 244 00:11:48,440 --> 00:11:50,360 Speaker 3: there was some study out recently that were showing that 245 00:11:50,640 --> 00:11:53,839 Speaker 3: people that study economics are increasingly in the city. We're 246 00:11:53,840 --> 00:11:57,840 Speaker 3: getting way less diversity through that pipeline now, so it'll 247 00:11:57,840 --> 00:11:59,600 Speaker 3: be interesting to see if we actually get another regional 248 00:11:59,679 --> 00:12:02,280 Speaker 3: female head of the Reserve Bank in the future. 249 00:12:02,960 --> 00:12:05,040 Speaker 1: I was just marking this day on the calendar as 250 00:12:05,080 --> 00:12:08,080 Speaker 1: the first time there's ever been a worthwhile or interesting 251 00:12:08,120 --> 00:12:14,800 Speaker 1: conversation on the weekend edition. There's actually a chance, there's 252 00:12:14,880 --> 00:12:18,160 Speaker 1: actually a chance that people could find that both interesting 253 00:12:18,760 --> 00:12:19,760 Speaker 1: and educational. 254 00:12:19,880 --> 00:12:22,120 Speaker 3: So yeah, but two of the five of them right 255 00:12:22,160 --> 00:12:22,520 Speaker 3: here in the. 256 00:12:24,480 --> 00:12:27,360 Speaker 1: Well done. All right, moving on then to the most 257 00:12:27,440 --> 00:12:30,720 Speaker 1: remarkable story of the week. I will go first on 258 00:12:30,760 --> 00:12:35,520 Speaker 1: this one. Sean first in the last one. Just looking 259 00:12:35,600 --> 00:12:37,439 Speaker 1: at the stories this week, there's one that kind of 260 00:12:37,440 --> 00:12:40,800 Speaker 1: stood out because can you imagine your pay being docked 261 00:12:40,840 --> 00:12:42,200 Speaker 1: by nine million dollars? 262 00:12:42,440 --> 00:12:44,600 Speaker 2: Well, well, no, actually I can't. 263 00:12:45,280 --> 00:12:47,080 Speaker 1: For you're paid to be doctor nine million dollars, you 264 00:12:47,120 --> 00:12:49,160 Speaker 1: have to be paid at least nine million dollars, and 265 00:12:49,160 --> 00:12:51,360 Speaker 1: I don't think any of us are at this point. 266 00:12:51,760 --> 00:12:54,000 Speaker 1: But it happened this week in one of the I 267 00:12:54,040 --> 00:12:56,640 Speaker 1: would describe it as one of the most remarkable cases 268 00:12:56,720 --> 00:13:01,040 Speaker 1: of corporate accountability that we've ever seen. Former Quantus CEO 269 00:13:01,160 --> 00:13:05,560 Speaker 1: Alan Joyce has lost nine point three million dollars of 270 00:13:05,559 --> 00:13:09,360 Speaker 1: his twenty twenty three pay meeting. He earned just fourteen 271 00:13:09,440 --> 00:13:12,240 Speaker 1: point nine million for the year. It is a big 272 00:13:12,320 --> 00:13:16,200 Speaker 1: chunk gone after a board commissioned review found mistakes made 273 00:13:16,200 --> 00:13:20,800 Speaker 1: by the airlines management created significant reputational and customer service issues. 274 00:13:21,160 --> 00:13:25,000 Speaker 1: Now remember this was all unfolding almost exactly twelve months ago, right, 275 00:13:25,080 --> 00:13:27,560 Speaker 1: Qantas had delivered a bumper profit, But then the CEO 276 00:13:27,720 --> 00:13:29,480 Speaker 1: was in front of a parliamentary committee on the Cost 277 00:13:29,520 --> 00:13:33,200 Speaker 1: of Living having to kind of explain the high airfares, 278 00:13:33,440 --> 00:13:37,040 Speaker 1: and there was this long list of complaints from passengers 279 00:13:37,080 --> 00:13:41,160 Speaker 1: about late flights and lost baggage and hours on hold 280 00:13:41,720 --> 00:13:44,840 Speaker 1: for customer assistance. And then there were the biggies, the 281 00:13:44,920 --> 00:13:49,720 Speaker 1: really big ones that just completely noted Quantus and Alan 282 00:13:49,800 --> 00:13:52,800 Speaker 1: Joyce about legal action by the hable c of affairs 283 00:13:52,840 --> 00:13:55,960 Speaker 1: sold by Quantas on flights that had already been canceled. 284 00:13:56,200 --> 00:13:59,520 Speaker 1: And then the slightly later ruling by the High Court 285 00:13:59,600 --> 00:14:03,160 Speaker 1: that yes, seventeen hundred Quantus workers had been sacked illegally 286 00:14:03,200 --> 00:14:07,120 Speaker 1: during the pandemic. This is what we saw from the outside, right, 287 00:14:07,320 --> 00:14:09,319 Speaker 1: But this review, and this is why this story is 288 00:14:09,360 --> 00:14:12,320 Speaker 1: also so remarkable because the review shows us what was 289 00:14:12,360 --> 00:14:15,840 Speaker 1: happening on the inside, too much difference to a long 290 00:14:15,880 --> 00:14:20,920 Speaker 1: tenured CEO, the board not challenging management, ignoring non financial risks, 291 00:14:20,960 --> 00:14:24,720 Speaker 1: a command and control leadership style, an adversarial approach to 292 00:14:24,840 --> 00:14:28,760 Speaker 1: engagement with key stakeholders, and for all that, the then 293 00:14:28,880 --> 00:14:32,240 Speaker 1: CEO is being held responsible, which does make sense really 294 00:14:32,280 --> 00:14:34,720 Speaker 1: because he was running the show. And while nine point 295 00:14:34,760 --> 00:14:37,040 Speaker 1: three million dollars in bonuses is a lot to lose, 296 00:14:37,080 --> 00:14:41,040 Speaker 1: maybe maybe this is an example to others about leadership 297 00:14:41,040 --> 00:14:45,160 Speaker 1: styles and the need to perhaps evolve the leadership style 298 00:14:45,400 --> 00:14:47,400 Speaker 1: when something that has worked for a very long time, 299 00:14:47,480 --> 00:14:50,800 Speaker 1: and seeing Quantus through a number of difficult periods, that 300 00:14:50,920 --> 00:14:53,240 Speaker 1: maybe it's not going to work forever and it needs 301 00:14:53,240 --> 00:14:55,680 Speaker 1: to evolve. Put it all together, it is a really 302 00:14:56,560 --> 00:15:00,360 Speaker 1: really remarkable story this week, and it was brief. Sean, 303 00:15:00,400 --> 00:15:00,840 Speaker 1: I think that. 304 00:15:00,840 --> 00:15:03,520 Speaker 2: Wasn't bad at all. This is a really unpopular thing 305 00:15:03,560 --> 00:15:05,600 Speaker 2: to say. But I feel slightly sorry for Alan Joyce 306 00:15:06,040 --> 00:15:07,160 Speaker 2: because if you read that. 307 00:15:07,120 --> 00:15:11,480 Speaker 3: Report, I feel the hate mail already coming in. 308 00:15:11,680 --> 00:15:14,640 Speaker 2: If you read that report right, the board's main job 309 00:15:15,160 --> 00:15:17,680 Speaker 2: in a listed company is to hire and fire the CEO. 310 00:15:18,280 --> 00:15:20,880 Speaker 2: They're the ones who look at and I'm not saying that, 311 00:15:21,000 --> 00:15:24,480 Speaker 2: and this stuff didn't happen, clearly it happened, but the 312 00:15:24,520 --> 00:15:27,720 Speaker 2: board let it happen. And so you know, Alan Joyce, 313 00:15:27,840 --> 00:15:30,400 Speaker 2: his reputation is totally tarnish. Remember he's the guy who 314 00:15:30,440 --> 00:15:33,120 Speaker 2: really helped Star get off the ground. He took on 315 00:15:33,200 --> 00:15:36,200 Speaker 2: the pilots. Okay, the grounded aircraft maybe, but you know, 316 00:15:36,240 --> 00:15:38,120 Speaker 2: he was a really strong leader in that sense. The 317 00:15:38,160 --> 00:15:41,360 Speaker 2: loyalty programs the biggest in the country. He did some 318 00:15:41,400 --> 00:15:44,440 Speaker 2: pretty remarking. He got through COVID. Okay, the government gave 319 00:15:44,480 --> 00:15:45,960 Speaker 2: him lots of money, but he went out and asked 320 00:15:45,960 --> 00:15:48,920 Speaker 2: for it. He was quite a remarkable leader. Now, this 321 00:15:49,160 --> 00:15:52,600 Speaker 2: end period was a disaster, but I reckon the board 322 00:15:52,920 --> 00:15:58,720 Speaker 2: is as responsible as Alan Joyce. Anyway, I digress as well. Well, yes, 323 00:15:59,080 --> 00:16:05,040 Speaker 2: basically basically my most remarkable story. If you google monopolist, 324 00:16:06,320 --> 00:16:07,840 Speaker 2: one of the first results. 325 00:16:07,400 --> 00:16:09,800 Speaker 1: Which is something I do frequently, Sean Well. 326 00:16:09,800 --> 00:16:13,280 Speaker 2: I know the point is do you google yes? 327 00:16:13,520 --> 00:16:13,680 Speaker 3: No? 328 00:16:14,040 --> 00:16:17,360 Speaker 1: Oh, good point. Oh I know where you're going. Oh 329 00:16:17,400 --> 00:16:21,280 Speaker 1: that was well executed. Oh I give ten for execution. 330 00:16:23,960 --> 00:16:27,320 Speaker 2: The artistic gymnastics. One of the first results to get 331 00:16:27,360 --> 00:16:30,040 Speaker 2: is US Federal Trade Commission, and it basically says the 332 00:16:30,040 --> 00:16:32,920 Speaker 2: word means a firm with significant and durable market power. 333 00:16:32,960 --> 00:16:35,320 Speaker 2: It says that generally a company needs to have at 334 00:16:35,400 --> 00:16:38,760 Speaker 2: least fifty percent market chair to be considered a monopoly. 335 00:16:39,160 --> 00:16:42,160 Speaker 2: And it's illegal for a single firm to unreasonably restrain 336 00:16:42,240 --> 00:16:46,640 Speaker 2: competition by creating or maintaining monopoly power. That's what Google, 337 00:16:46,920 --> 00:16:49,200 Speaker 2: That's what comes up from the US Federal Trade Commission. 338 00:16:49,240 --> 00:16:53,760 Speaker 2: If you Google, monopolist, So where's that leave Google? Owned 339 00:16:53,760 --> 00:16:57,560 Speaker 2: by Alphabet, it has eighty nine percent of search traffic 340 00:16:57,560 --> 00:17:02,280 Speaker 2: on laptops, ninety five percent on mobile devices. Is that 341 00:17:02,520 --> 00:17:07,000 Speaker 2: a monopolist? Well? The US Justice Department has been chasing 342 00:17:07,040 --> 00:17:11,200 Speaker 2: Google four years. This week, according to a judge in 343 00:17:11,240 --> 00:17:15,760 Speaker 2: the US District Court, it was declared that Google Alphabet's 344 00:17:15,760 --> 00:17:20,720 Speaker 2: Google is a monopolist and the ubiquitous search engine has 345 00:17:20,760 --> 00:17:24,640 Speaker 2: been illegally exploiting its dominance to squash and stifle innovation 346 00:17:24,920 --> 00:17:28,439 Speaker 2: in the sector. This is a huge win for the 347 00:17:28,560 --> 00:17:32,080 Speaker 2: US Justice Department, which has been trying to break Google's 348 00:17:32,119 --> 00:17:35,639 Speaker 2: stranglehold on search for years. It fits into the whole 349 00:17:35,920 --> 00:17:39,360 Speaker 2: big tech story with regulators in Europe. In North America 350 00:17:39,480 --> 00:17:42,200 Speaker 2: in Australia to a lesser extent, taking on these big 351 00:17:42,240 --> 00:17:48,080 Speaker 2: tech players to break their market dominance. Today, search results 352 00:17:48,080 --> 00:17:51,399 Speaker 2: basically show us what Google wants us to see. Now, 353 00:17:51,960 --> 00:17:54,800 Speaker 2: if the ruling sticks, and of course Google is appealing 354 00:17:54,800 --> 00:17:58,359 Speaker 2: it or Alphabet's appealing it, really the company will have 355 00:17:58,400 --> 00:18:00,639 Speaker 2: to let other players into the search. Well, this is 356 00:18:00,680 --> 00:18:03,240 Speaker 2: coming ahead of generative AI rolling out around the world, 357 00:18:03,280 --> 00:18:07,119 Speaker 2: and generative AI is the next paradigm of search, and 358 00:18:07,320 --> 00:18:10,120 Speaker 2: I don't think it'd be very healthy if we have 359 00:18:10,400 --> 00:18:15,040 Speaker 2: one player with ninety percent of the market in generative AI. 360 00:18:15,920 --> 00:18:18,800 Speaker 2: The whole search world is remarkable, and the size of 361 00:18:18,840 --> 00:18:21,879 Speaker 2: the win this week by the Department of Justice is 362 00:18:22,119 --> 00:18:27,639 Speaker 2: definitely remarkable, and we'll have far reaching ramifications over to you. 363 00:18:27,760 --> 00:18:33,159 Speaker 2: Jen Forget Alan Joyce, He's a good bloke. Think I 364 00:18:33,160 --> 00:18:34,680 Speaker 2: shouldn't have said that, Think. 365 00:18:34,520 --> 00:18:38,440 Speaker 3: Google, I this could be an interesting one. I think 366 00:18:38,440 --> 00:18:42,800 Speaker 3: that that Google story is very very interesting and clearly 367 00:18:42,840 --> 00:18:44,920 Speaker 3: something that's been playing out for a while. 368 00:18:45,000 --> 00:18:47,200 Speaker 1: It doesn't sound good for you here, Sean, it doesn't 369 00:18:47,240 --> 00:18:47,960 Speaker 1: sound good for me. 370 00:18:48,200 --> 00:18:50,760 Speaker 3: Well, is it remarkable that we think Google is a monopoly? 371 00:18:50,840 --> 00:18:53,040 Speaker 3: I mean, that's really what this judgment is. 372 00:18:53,040 --> 00:18:56,600 Speaker 2: He one, the Justice department one. That's remarkable. 373 00:18:57,200 --> 00:19:00,000 Speaker 3: Are you questioning the likelihood of the law winning out 374 00:19:00,160 --> 00:19:03,399 Speaker 3: in the favor of justice? Remarkable? 375 00:19:03,440 --> 00:19:06,040 Speaker 2: We're talking about the year is here, of course, that's remarkable. 376 00:19:06,960 --> 00:19:09,640 Speaker 3: I'm actually going to give this one to Michael because 377 00:19:09,800 --> 00:19:11,760 Speaker 3: as much as as much as I actually do think 378 00:19:11,800 --> 00:19:13,719 Speaker 3: that story is a very good one, and I very 379 00:19:13,800 --> 00:19:17,720 Speaker 3: much enjoyed your creative intro into it. I think that 380 00:19:18,480 --> 00:19:21,800 Speaker 3: seeing any seeing any CEO have to lose that quantum 381 00:19:21,800 --> 00:19:26,520 Speaker 3: of salary after such an incredibly remarkable period of time 382 00:19:26,680 --> 00:19:29,680 Speaker 3: in an airlines history, I think that one's going to 383 00:19:29,760 --> 00:19:32,600 Speaker 3: have to win it by about one point one point only. 384 00:19:32,640 --> 00:19:34,320 Speaker 3: And I will also say it's quite nice to hear 385 00:19:34,359 --> 00:19:36,040 Speaker 3: Michael talking about airlines again. 386 00:19:36,080 --> 00:19:36,600 Speaker 2: I know you loved. 387 00:19:39,200 --> 00:19:41,080 Speaker 1: It's been too long. I mean, well, last week I 388 00:19:41,119 --> 00:19:42,800 Speaker 1: talked a lot about Rex as well. I tried to 389 00:19:43,040 --> 00:19:44,840 Speaker 1: try to say that Rex was the biggest story of 390 00:19:44,840 --> 00:19:47,160 Speaker 1: the week. Didn't fail. Miserable. 391 00:19:47,160 --> 00:19:50,000 Speaker 2: I think last week you referred back to the fact 392 00:19:50,040 --> 00:19:53,440 Speaker 2: that you predicted Rex were taken over from Qatar Airways 393 00:19:53,480 --> 00:19:54,880 Speaker 2: as the greatest airline in the world. 394 00:19:56,680 --> 00:19:59,160 Speaker 3: You needed a regional judge for that one, Yeah, very much. 395 00:20:00,480 --> 00:20:02,679 Speaker 1: Look there's a fair chance that Sean, you should have 396 00:20:02,680 --> 00:20:05,520 Speaker 1: won that one, but you didn't. One and a half 397 00:20:05,560 --> 00:20:05,920 Speaker 1: to hard. 398 00:20:06,080 --> 00:20:08,920 Speaker 2: You can't abuse the judge after she gave you a week. 399 00:20:11,080 --> 00:20:14,200 Speaker 1: Fine. One and a half to half a point. All right, 400 00:20:14,920 --> 00:20:17,080 Speaker 1: I'm in the lead. This is a very rare thing 401 00:20:17,119 --> 00:20:17,679 Speaker 1: to be happening. 402 00:20:17,720 --> 00:20:19,720 Speaker 2: We bring back at him, I say, bring back at him. 403 00:20:19,720 --> 00:20:22,320 Speaker 1: Will wow. We will take a quick break. We will 404 00:20:22,320 --> 00:20:24,000 Speaker 1: come back in a moment with a sleeper story of 405 00:20:24,000 --> 00:20:32,159 Speaker 1: the week. All right, Sean, we are looking for a 406 00:20:32,200 --> 00:20:35,439 Speaker 1: sleeper story, a sleeper stories, of course, one that's not 407 00:20:35,520 --> 00:20:38,679 Speaker 1: getting the attention that we feel it deserves. Or really 408 00:20:38,920 --> 00:20:42,800 Speaker 1: in this category has kind of become our opportunity to 409 00:20:42,840 --> 00:20:45,120 Speaker 1: predict what is going to be a bigger story further 410 00:20:45,160 --> 00:20:47,720 Speaker 1: down the track, don't you think? Yeah, Like that's kind 411 00:20:47,720 --> 00:20:50,520 Speaker 1: of the lens through which I see this category. Would 412 00:20:50,560 --> 00:20:51,480 Speaker 1: you like to go first? 413 00:20:51,640 --> 00:20:56,480 Speaker 2: Sure? Work from Home era is over? Yep, we found 414 00:20:56,480 --> 00:20:59,879 Speaker 2: that out this week. We didn't actually hear that, but 415 00:21:00,040 --> 00:21:03,040 Speaker 2: that's what the announcement from the New South Wales government 416 00:21:03,080 --> 00:21:06,320 Speaker 2: will lead to. That's why it's a sleeper story. Basically, 417 00:21:06,359 --> 00:21:09,320 Speaker 2: the Premier, Chris Means from New South Wales ordered all 418 00:21:09,400 --> 00:21:12,159 Speaker 2: of the state's public servants back to work. This was 419 00:21:12,200 --> 00:21:14,399 Speaker 2: on Monday. There's one hundred and fifty thousand of them, 420 00:21:14,440 --> 00:21:18,440 Speaker 2: and he said everyone needs to come back to work tomorrow. 421 00:21:19,119 --> 00:21:20,959 Speaker 2: I love the fact that he gave him twenty four 422 00:21:21,000 --> 00:21:24,280 Speaker 2: hours notice. Workers are now expected to use offices across 423 00:21:24,400 --> 00:21:27,960 Speaker 2: the whole working week, which will impact small businesses in 424 00:21:28,040 --> 00:21:31,920 Speaker 2: the CBD, like coffee shops. Office vacancy rates transport systems, 425 00:21:32,280 --> 00:21:36,440 Speaker 2: but it'll also affect all those little coffee shops in 426 00:21:36,600 --> 00:21:40,520 Speaker 2: the suburbs where people live. Transurban came out, there's the 427 00:21:40,560 --> 00:21:43,240 Speaker 2: Tolraid operator came out this week. Instead, it actually expects 428 00:21:43,320 --> 00:21:47,240 Speaker 2: revenue to increase because of this decision by Chris Means. 429 00:21:47,760 --> 00:21:50,480 Speaker 2: The head of the Premier Department, a guy called Simon Draper, 430 00:21:50,520 --> 00:21:53,640 Speaker 2: said it wasn't a mandate, but rather it was advice. 431 00:21:54,840 --> 00:21:57,280 Speaker 2: Chris Means himself put it much better. I quote, you 432 00:21:57,320 --> 00:21:59,200 Speaker 2: can't be a nurse in your tracke dacks in the 433 00:21:59,280 --> 00:22:01,520 Speaker 2: lands room, and you can't teach a class in your 434 00:22:01,560 --> 00:22:04,760 Speaker 2: backyard while you're doing jobs around the house. End quote. 435 00:22:05,200 --> 00:22:07,760 Speaker 2: As we discussed during the week, any story that's got 436 00:22:07,840 --> 00:22:12,240 Speaker 2: TRACKI dacks deserves a win. I would say now mister 437 00:22:12,280 --> 00:22:14,119 Speaker 2: means is totally wrong of course, because there is a 438 00:22:14,160 --> 00:22:17,720 Speaker 2: thing called telehealth. You know, medical professionals, they can be 439 00:22:17,760 --> 00:22:20,000 Speaker 2: in their tracks, they can go online. 440 00:22:21,240 --> 00:22:24,359 Speaker 1: Very hard to insert a catheter or or an IV 441 00:22:24,560 --> 00:22:25,800 Speaker 1: drift over telehealth. 442 00:22:26,080 --> 00:22:29,080 Speaker 3: Can we bring back trackie dacs as appropriate office attire. 443 00:22:29,160 --> 00:22:30,240 Speaker 3: I feel like that would so hard. 444 00:22:30,400 --> 00:22:33,359 Speaker 2: You're probably right, Jen, Actually, if you're allowed to wear 445 00:22:33,440 --> 00:22:36,320 Speaker 2: trackie jacks into the office, yeah, maybe this is where 446 00:22:36,359 --> 00:22:37,920 Speaker 2: we are. Yeah, I like that. 447 00:22:37,920 --> 00:22:40,359 Speaker 3: That's like the going halfway, that's compromised. 448 00:22:40,800 --> 00:22:44,840 Speaker 2: Ye, that's the hybrid of the future, hybrid workout for it. Ah, Yes, 449 00:22:44,880 --> 00:22:49,399 Speaker 2: I'm liking this. I'm liking And just for the record, 450 00:22:49,520 --> 00:22:53,640 Speaker 2: Michael teleyhealth, if you have one particular expert, it may 451 00:22:53,720 --> 00:22:56,280 Speaker 2: not be a doctor or a nurse, but you can 452 00:22:56,320 --> 00:22:59,920 Speaker 2: actually have people insert catheters and take trips fire tell 453 00:23:00,119 --> 00:23:04,000 Speaker 2: health anyway. My family is involved in this, so I 454 00:23:04,040 --> 00:23:07,640 Speaker 2: know lots and lots about it. Where I just totally 455 00:23:07,680 --> 00:23:10,520 Speaker 2: lost where I was going. Basically, Western Australia and Tasmania 456 00:23:10,560 --> 00:23:13,520 Speaker 2: have also told staff to return to the office. Federal 457 00:23:13,560 --> 00:23:17,800 Speaker 2: Government Act, South Australian Queensland have all formalized hybrid working 458 00:23:18,520 --> 00:23:20,800 Speaker 2: The stats on work from home are a bit dated. 459 00:23:20,840 --> 00:23:24,399 Speaker 2: I mean they're a year old, which, in the fast 460 00:23:24,440 --> 00:23:25,960 Speaker 2: moving world we live in is a bit old. But 461 00:23:26,000 --> 00:23:29,760 Speaker 2: thirty seven percent of people regularly work from home. That's 462 00:23:29,800 --> 00:23:32,680 Speaker 2: as of August last year. The reason this is a 463 00:23:32,720 --> 00:23:35,880 Speaker 2: sleeper story is that the work from home boom is 464 00:23:36,000 --> 00:23:39,560 Speaker 2: officially over as of this week, and I reckon over 465 00:23:39,600 --> 00:23:42,280 Speaker 2: the next decade we'll almost get back to the same 466 00:23:42,400 --> 00:23:47,480 Speaker 2: level of office occupancy as we had pre COVID, albeit 467 00:23:48,359 --> 00:23:53,000 Speaker 2: with tracking dacks and shorts allowed my sleeper story. 468 00:23:53,080 --> 00:24:01,000 Speaker 1: Michael, look, I an early warning siren sounded this week, 469 00:24:01,480 --> 00:24:05,399 Speaker 1: and luckily for all of us, I heard it, and 470 00:24:05,440 --> 00:24:10,600 Speaker 1: I'm going to going to Oh gosh, here we go 471 00:24:10,760 --> 00:24:16,040 Speaker 1: finger on the past. That's how mean me in the field, yep, 472 00:24:16,840 --> 00:24:20,600 Speaker 1: Because it's a warning about widespread job cuts in a 473 00:24:20,640 --> 00:24:23,440 Speaker 1: sector that's one of our biggest exports. I'm talking about education, 474 00:24:23,720 --> 00:24:28,359 Speaker 1: of course, and universities warning that fourteen thousand jobs. Fourteen 475 00:24:29,000 --> 00:24:33,280 Speaker 1: thousand jobs could go With the government pushing ahead with 476 00:24:33,320 --> 00:24:35,639 Speaker 1: its plan to cap international student numbers. The boss of 477 00:24:35,760 --> 00:24:39,639 Speaker 1: Universities Australia told a parliamentary inquiry that the government was 478 00:24:39,720 --> 00:24:42,240 Speaker 1: using students as cannon fodder, and that it was all 479 00:24:42,280 --> 00:24:45,879 Speaker 1: political that international students are being unfairly blamed for the 480 00:24:45,920 --> 00:24:49,040 Speaker 1: housing crisis. Even without the proposed student caps, the inquiry 481 00:24:49,119 --> 00:24:52,280 Speaker 1: heard that the government had already taken a sledgehammer to 482 00:24:52,359 --> 00:24:57,000 Speaker 1: the international education sector, with visa grant rates down twenty 483 00:24:57,040 --> 00:25:00,000 Speaker 1: three percent, or almost sixty thousand students over the past year. 484 00:25:00,160 --> 00:25:03,360 Speaker 2: Students. Are you saying the university sectors complaining? 485 00:25:04,320 --> 00:25:09,080 Speaker 1: No, no, Well, I'm building to something and it is 486 00:25:09,240 --> 00:25:13,200 Speaker 1: about the university sector's capacity to complain. This is where 487 00:25:13,240 --> 00:25:16,520 Speaker 1: I'm going with it, because the numbers here are huge, 488 00:25:16,920 --> 00:25:18,760 Speaker 1: significantly huge. 489 00:25:18,680 --> 00:25:21,160 Speaker 2: Significantly huge. That's quite the adjective. 490 00:25:23,200 --> 00:25:27,640 Speaker 1: Sixty thousand students, a four point three billion dollar hit 491 00:25:27,720 --> 00:25:31,840 Speaker 1: to the economy, fourteen thousand jobs at risk in the sector. Now, 492 00:25:32,760 --> 00:25:37,200 Speaker 1: sean to your point, Yes, let's just think about this 493 00:25:37,280 --> 00:25:39,920 Speaker 1: for a moment. Who between the three of us, who 494 00:25:39,960 --> 00:25:43,720 Speaker 1: can we think of that won't stand for this widespread 495 00:25:43,800 --> 00:25:47,600 Speaker 1: cuts that may affect the quality of education. Any particular 496 00:25:47,600 --> 00:25:52,639 Speaker 1: groups that are particularly vocal, very very active, have a 497 00:25:52,640 --> 00:25:58,000 Speaker 1: certain willingness to protest. This could be the cause that 498 00:25:58,200 --> 00:26:01,560 Speaker 1: mobilizes students in a way that we haven't seen since 499 00:26:01,600 --> 00:26:06,159 Speaker 1: the voluntary student unionism protests of two thousand and seven, 500 00:26:06,480 --> 00:26:09,840 Speaker 1: except this time they are protesting the decisions of a 501 00:26:10,000 --> 00:26:13,720 Speaker 1: labor government, which could make it very very interesting pitting 502 00:26:13,720 --> 00:26:18,000 Speaker 1: the tertiary sector, typically a hotbed of left wing political activity, 503 00:26:18,280 --> 00:26:22,119 Speaker 1: against the government of the same persuasion. Watch this space 504 00:26:22,359 --> 00:26:25,560 Speaker 1: because not only not only are the economic impacts of 505 00:26:25,600 --> 00:26:28,800 Speaker 1: this huge if these student numbers go through, but the 506 00:26:28,840 --> 00:26:35,200 Speaker 1: political implications and the social impact as well are almost unquantifiable. 507 00:26:35,840 --> 00:26:38,919 Speaker 2: Oh can I add an extra part to this is 508 00:26:39,200 --> 00:26:41,480 Speaker 2: was it it this week that the Bangladeshi Prime Minister 509 00:26:41,520 --> 00:26:45,760 Speaker 2: stepped down on the back of student protests student protests? Yes, 510 00:26:46,359 --> 00:26:50,960 Speaker 2: indeed I would normally concede this because that is such 511 00:26:50,960 --> 00:26:54,439 Speaker 2: a remarkable sleeper story, but it's not, as you, Jen. 512 00:26:55,760 --> 00:26:57,520 Speaker 3: I was going to agree with that point. I just 513 00:26:57,600 --> 00:27:00,879 Speaker 3: can't agree that this belongs in the sleeper category. I mean, 514 00:27:00,920 --> 00:27:04,880 Speaker 3: it's a great story, it's full of really interesting things 515 00:27:04,920 --> 00:27:07,360 Speaker 3: for the economy, it's one of our biggest exports education. 516 00:27:07,600 --> 00:27:11,720 Speaker 3: It is fascinating, but it's been very well covered. Whereas 517 00:27:11,760 --> 00:27:14,320 Speaker 3: I feel like Sean your sort of track you ax 518 00:27:14,359 --> 00:27:17,280 Speaker 3: to the office style angle on what has been a 519 00:27:17,280 --> 00:27:19,359 Speaker 3: big story over the week. But I also think the 520 00:27:19,440 --> 00:27:21,760 Speaker 3: ramifications of it have yet to be fully played out 521 00:27:21,760 --> 00:27:23,760 Speaker 3: in the media. I think that just slides in as 522 00:27:23,760 --> 00:27:26,440 Speaker 3: a sleeper story, and so, with a little bit of 523 00:27:26,480 --> 00:27:29,040 Speaker 3: subjective bias as one of those people who does predominantly 524 00:27:29,080 --> 00:27:32,320 Speaker 3: work from home and in trackies, I'm going to give 525 00:27:32,320 --> 00:27:32,879 Speaker 3: this one to you. 526 00:27:33,160 --> 00:27:36,800 Speaker 1: Thank you very much, well judged, well judged and just 527 00:27:36,960 --> 00:27:40,200 Speaker 1: And just like that, this episode has become a fast. 528 00:27:43,480 --> 00:27:45,680 Speaker 3: So I'm remembering all these comments for the next time 529 00:27:45,680 --> 00:27:46,640 Speaker 3: if I get to rite back. 530 00:27:46,720 --> 00:27:50,200 Speaker 1: Yep, fast unable to be bribed. 531 00:27:51,200 --> 00:27:53,360 Speaker 2: See, I don't like you not being able to be bribed. 532 00:27:53,840 --> 00:27:56,639 Speaker 3: Yeah, this is the only place for being incorruptible is 533 00:27:56,640 --> 00:27:57,160 Speaker 3: a bad thing. 534 00:27:57,280 --> 00:28:00,919 Speaker 2: Yeah. Yeah, because I've got to say my next story 535 00:28:02,240 --> 00:28:03,520 Speaker 2: I've done purely for you. 536 00:28:04,320 --> 00:28:07,640 Speaker 3: Oh that's exciting, my favorite story. I do like flattery, 537 00:28:07,720 --> 00:28:10,280 Speaker 3: so that's fine, Jen. 538 00:28:11,240 --> 00:28:14,240 Speaker 2: Apart from your life partner, who is your best friend? 539 00:28:14,720 --> 00:28:15,240 Speaker 2: Be honest? 540 00:28:16,680 --> 00:28:17,440 Speaker 3: Probably my mom? 541 00:28:17,720 --> 00:28:20,320 Speaker 2: Oh okay, no, can we think broader of free animals 542 00:28:20,359 --> 00:28:23,240 Speaker 2: and your dogs? Perhaps? 543 00:28:23,720 --> 00:28:25,040 Speaker 3: Yes, that's probably also bad. 544 00:28:26,119 --> 00:28:28,840 Speaker 2: Well well, well, and sorry, mum, you've just come in. 545 00:28:28,880 --> 00:28:33,160 Speaker 2: Third luxury brand dull chain Gerbarna has introduced a new 546 00:28:33,200 --> 00:28:41,240 Speaker 2: fragrance for dogs Good grief, and it's a bargain about 547 00:28:41,240 --> 00:28:43,160 Speaker 2: one hundred and seventy dollars a bottle perp. You've probably 548 00:28:43,160 --> 00:28:47,520 Speaker 2: got some already. You did say you were frugal, but 549 00:28:47,720 --> 00:28:50,400 Speaker 2: one hundred and seventy dollars is not too much for 550 00:28:50,480 --> 00:28:54,080 Speaker 2: your best friend, second best friend. According to DNG's website, 551 00:28:54,120 --> 00:28:58,000 Speaker 2: the alcohol free fragrance specifically for dogs contains and I 552 00:28:58,120 --> 00:29:05,520 Speaker 2: quote and warm notes of e lang, the clean and 553 00:29:05,680 --> 00:29:10,440 Speaker 2: enveloping touch of musk, and the woody, creamy undertones of 554 00:29:10,520 --> 00:29:14,720 Speaker 2: sandal wood end quote beautiful, absolutely beautiful. Goding to The 555 00:29:14,720 --> 00:29:17,880 Speaker 2: New York Times, the perfume has been certified by some 556 00:29:17,960 --> 00:29:20,800 Speaker 2: crowd called the Safe Pet Cosmetics, which is an independent 557 00:29:20,920 --> 00:29:26,200 Speaker 2: veterory organization in Italy. Now slight problem, according to the critics, 558 00:29:26,240 --> 00:29:30,560 Speaker 2: just a slight problem. The most important sense a dog 559 00:29:30,680 --> 00:29:35,480 Speaker 2: has is smell. It's how they navigate the world. You know, 560 00:29:36,120 --> 00:29:38,880 Speaker 2: they sniff out the dogs for example, they sniff humans, food, 561 00:29:38,960 --> 00:29:44,480 Speaker 2: potential dangers. You alter that, and there's this risk of 562 00:29:44,520 --> 00:29:47,880 Speaker 2: all sorts of confusion among dogs and social issues and 563 00:29:48,000 --> 00:29:50,680 Speaker 2: not sure who's who. And you weren't alta gabana, No, no, 564 00:29:50,800 --> 00:29:55,200 Speaker 2: I'm actually I'm wearing Chanel five. All right, off a go. Now, 565 00:29:55,240 --> 00:29:59,760 Speaker 2: there are a few dog perfumes around. Hound HWND is 566 00:29:59,760 --> 00:30:04,280 Speaker 2: a food and grooming company. It makes peach bum natural 567 00:30:04,280 --> 00:30:08,360 Speaker 2: perfume for lady dogs. That's what it's called, peach bum 568 00:30:08,560 --> 00:30:10,600 Speaker 2: natural perfume for lady dogs. 569 00:30:11,160 --> 00:30:13,080 Speaker 3: What does lady dogs feel like? An insult? 570 00:30:13,560 --> 00:30:16,440 Speaker 2: Absolutely, there's a lot wrong with that. But let's just 571 00:30:16,480 --> 00:30:19,800 Speaker 2: park of that. Peanut and Pickle which is another organization. 572 00:30:20,120 --> 00:30:24,680 Speaker 2: It's got a selection of fragrances coconut, sea, salt, peppermint, 573 00:30:25,360 --> 00:30:28,200 Speaker 2: and grapefruit. My dog flow. If I put a grapefruit 574 00:30:28,200 --> 00:30:30,440 Speaker 2: in near flow, she runs a mile. She ain't interested 575 00:30:30,480 --> 00:30:34,560 Speaker 2: in that one. Even Queen Elizabeth I back in twenty 576 00:30:34,560 --> 00:30:39,840 Speaker 2: twenty two, introduced a perfume for her dogs Corgies, of course. 577 00:30:40,320 --> 00:30:44,320 Speaker 2: And I just think this is just such a cracking story, 578 00:30:45,400 --> 00:30:47,280 Speaker 2: and it's my favorite story of the week. 579 00:30:48,040 --> 00:30:50,200 Speaker 3: My mind is a little bit blown by this. The 580 00:30:50,240 --> 00:30:53,520 Speaker 3: whole industry in creating dogs, Like do people not like 581 00:30:53,560 --> 00:30:54,720 Speaker 3: the smell of their own dogs? 582 00:30:54,960 --> 00:30:56,760 Speaker 2: Oh? Well, I don't like the smell of my dogs. 583 00:30:57,840 --> 00:31:00,320 Speaker 3: My dog has like his poor smell like pop corn. 584 00:31:00,880 --> 00:31:02,880 Speaker 3: I highly recommend smelling a dog's pause. 585 00:31:04,320 --> 00:31:05,000 Speaker 2: How do you do that? 586 00:31:05,880 --> 00:31:07,040 Speaker 3: How do you smell his paws? 587 00:31:08,720 --> 00:31:10,640 Speaker 2: You smell his paws? How to get his paws to 588 00:31:10,640 --> 00:31:12,360 Speaker 2: smell like? Are you that's just. 589 00:31:12,280 --> 00:31:14,600 Speaker 3: What they smell like? It's just what dog paws smell like. 590 00:31:14,760 --> 00:31:15,880 Speaker 2: Are you sure? Yeah? 591 00:31:16,000 --> 00:31:16,560 Speaker 3: Genuinely? 592 00:31:16,800 --> 00:31:19,640 Speaker 2: You sure you're not using the peach bum natural puffom 593 00:31:19,680 --> 00:31:20,280 Speaker 2: for lady. 594 00:31:20,040 --> 00:31:24,200 Speaker 3: Dogs special popcorn butter scented perfume on hundred and semi 595 00:31:24,240 --> 00:31:25,040 Speaker 3: bucks again. 596 00:31:24,880 --> 00:31:28,960 Speaker 2: I Michael beat that. 597 00:31:30,400 --> 00:31:35,440 Speaker 1: It almost feels like it is pointless because I don't 598 00:31:35,480 --> 00:31:41,160 Speaker 1: want to sound kind of like a petulant child thought, 599 00:31:41,800 --> 00:31:46,000 Speaker 1: but this is entirely unfair. You are playing the judge 600 00:31:46,040 --> 00:31:51,120 Speaker 1: extraordinarily here when everybody knows that there is only one 601 00:31:51,200 --> 00:31:56,080 Speaker 1: story that should be the universal favorite this week. And 602 00:31:56,160 --> 00:31:58,200 Speaker 1: I know it's a little unorthodox because it was my 603 00:31:58,280 --> 00:31:59,360 Speaker 1: favorite story. 604 00:31:59,120 --> 00:32:01,320 Speaker 2: Last week, two weeks in a row. 605 00:32:02,200 --> 00:32:05,680 Speaker 1: Watch me, watch me, new judge, get to do it 606 00:32:05,720 --> 00:32:11,360 Speaker 1: all again. It is the Olympics. I can't help it, 607 00:32:11,440 --> 00:32:16,200 Speaker 1: Sean if I am patriotic, because it's hard not to 608 00:32:16,240 --> 00:32:21,400 Speaker 1: get behind our most successful Olympic team ever, the most 609 00:32:21,440 --> 00:32:27,640 Speaker 1: gold medals we've ever won, a spectacular display of athleticism 610 00:32:27,800 --> 00:32:31,320 Speaker 1: across a huge range of disciplines and also love that 611 00:32:31,360 --> 00:32:33,760 Speaker 1: we've seen so many new sports, either for the first 612 00:32:33,760 --> 00:32:37,240 Speaker 1: time in Paris or just relatively recent additions to the games. 613 00:32:37,280 --> 00:32:40,360 Speaker 1: You've got obviously your skateboarding and you're surfing, yes, but 614 00:32:40,360 --> 00:32:44,280 Speaker 1: then there's the the sport climbing, which I thought was awesome, 615 00:32:44,480 --> 00:32:48,600 Speaker 1: the break dancing breaking It's just do you know that 616 00:32:48,640 --> 00:32:53,920 Speaker 1: in the nineteen oh eight Olympics they had pistol dueling, So. 617 00:32:53,960 --> 00:32:55,640 Speaker 2: You'd really want to be the gold medal winner in 618 00:32:55,640 --> 00:32:56,360 Speaker 2: that one, wouldn't you. 619 00:32:57,720 --> 00:33:01,520 Speaker 1: It's kind of like squid games. It's like anyway, only 620 00:33:01,560 --> 00:33:03,440 Speaker 1: one survivor at the end, and they get the gold 621 00:33:03,440 --> 00:33:06,720 Speaker 1: and silver and the bronze. But last week, in last 622 00:33:06,720 --> 00:33:09,120 Speaker 1: Week's Favorite Story, I looked at the various sports that 623 00:33:09,160 --> 00:33:12,560 Speaker 1: are currently in the Olympics that I thought I could 624 00:33:12,600 --> 00:33:14,560 Speaker 1: be part of and kind of coast my way to 625 00:33:14,640 --> 00:33:18,000 Speaker 1: a gold medal. Instead, this week, I thought I would 626 00:33:18,040 --> 00:33:21,480 Speaker 1: look at sports that should be added for the next 627 00:33:21,520 --> 00:33:25,960 Speaker 1: games in la in twenty twenty eight. Things were just 628 00:33:26,000 --> 00:33:29,400 Speaker 1: the mere mortals like you and me, both of you 629 00:33:29,520 --> 00:33:34,200 Speaker 1: and me, I might stand a chance. And these are 630 00:33:34,240 --> 00:33:37,720 Speaker 1: some of the sports that I came up with. Squeezing 631 00:33:37,800 --> 00:33:40,880 Speaker 1: the very last of the toothpaste out of the tube. 632 00:33:41,000 --> 00:33:42,160 Speaker 2: Ye, now I'm a winner on that. 633 00:33:42,360 --> 00:33:43,320 Speaker 3: It's very relatable. 634 00:33:43,560 --> 00:33:46,080 Speaker 1: I would be a gold medalist of that. I can 635 00:33:46,160 --> 00:33:49,200 Speaker 1: keep using a tube of toothpaste four days after the 636 00:33:49,240 --> 00:33:50,400 Speaker 1: rest of the house with you. 637 00:33:50,440 --> 00:33:53,320 Speaker 2: Totally giving up, like I live with a bunch of 638 00:33:53,840 --> 00:33:56,400 Speaker 2: sort of sluggish people who aren't prepared to roll the 639 00:33:56,440 --> 00:33:59,240 Speaker 2: toothpaste from the bottom to the top and get the 640 00:33:59,240 --> 00:34:01,520 Speaker 2: extra four days out with your totally. 641 00:34:01,240 --> 00:34:02,680 Speaker 3: No Sean, You've got to cut it open. 642 00:34:02,800 --> 00:34:05,680 Speaker 2: You got to cut it at the end. You did 643 00:34:05,720 --> 00:34:06,480 Speaker 2: say you were frugal, you. 644 00:34:06,480 --> 00:34:10,200 Speaker 3: Want to pay off your mortgage. 645 00:34:10,400 --> 00:34:13,040 Speaker 1: Well, I mean the Federation of Toothpaste Tubes would not 646 00:34:13,080 --> 00:34:15,000 Speaker 1: allow that. In the Olympic Games, you can't get no 647 00:34:15,080 --> 00:34:17,800 Speaker 1: scissors allowed. This has to be kind of just brute 648 00:34:17,800 --> 00:34:20,560 Speaker 1: strength and strategy, and you can use it like a 649 00:34:20,960 --> 00:34:23,320 Speaker 1: use something hard like a stapler or something to push 650 00:34:23,440 --> 00:34:26,759 Speaker 1: against it and essentially steam rolls the last of the 651 00:34:26,760 --> 00:34:30,279 Speaker 1: toothpaste out. Anyway, That's one another skill that could be 652 00:34:30,400 --> 00:34:35,280 Speaker 1: an Olympic sport. Squeezing an avocado to test its ripeness 653 00:34:35,440 --> 00:34:40,359 Speaker 1: without bruising a ripe avocado, which is a mistakes. It's 654 00:34:40,440 --> 00:34:41,759 Speaker 1: quite a niche skill. 655 00:34:41,800 --> 00:34:44,520 Speaker 2: Get over yourself, Michael, what are you talking about? 656 00:34:44,840 --> 00:34:46,480 Speaker 1: But do you want to really give it a decent 657 00:34:46,520 --> 00:34:49,200 Speaker 1: squeeze to make sure that it is fully ripe, But 658 00:34:49,640 --> 00:34:51,239 Speaker 1: you don't want to squeeze it too hard that a 659 00:34:51,320 --> 00:34:54,200 Speaker 1: bruises it is it is very It's a fine line 660 00:34:54,200 --> 00:34:58,160 Speaker 1: to walk and it's a potential gold medal skill marathon toothbrushing. 661 00:34:58,160 --> 00:35:01,040 Speaker 1: I don't mean to dwell on teeth. I've been known 662 00:35:01,080 --> 00:35:03,360 Speaker 1: to walk around with toothpaste in my mouth for upwards 663 00:35:03,360 --> 00:35:04,240 Speaker 1: of forty minutes. 664 00:35:04,520 --> 00:35:06,480 Speaker 2: Yep. Yeah. So there were two types of people in 665 00:35:06,480 --> 00:35:08,839 Speaker 2: the world. They're those that clean their teeth in front 666 00:35:08,840 --> 00:35:11,919 Speaker 2: of the mirror, and there's those that go wandering. Gen 667 00:35:11,920 --> 00:35:12,680 Speaker 2: which one are you. 668 00:35:12,840 --> 00:35:15,560 Speaker 3: I'm a wanderer, but I use somelytic toothbrush that times 669 00:35:15,600 --> 00:35:18,120 Speaker 3: it so you're not forty minutes walking around. 670 00:35:18,920 --> 00:35:21,520 Speaker 2: But don't you sometimes just sort of ignore it goes 671 00:35:22,640 --> 00:35:23,520 Speaker 2: and then cares on again. 672 00:35:23,600 --> 00:35:25,160 Speaker 3: Well, if you're in the middle of like doing something 673 00:35:25,160 --> 00:35:26,880 Speaker 3: else at the same time, you know, and then you're like, 674 00:35:26,880 --> 00:35:29,680 Speaker 3: I guess we're doing another cycle, yeah extra in today, 675 00:35:29,960 --> 00:35:31,640 Speaker 3: KYI absolutely, yeah. 676 00:35:31,640 --> 00:35:33,960 Speaker 1: But when you got the old the old school manual 677 00:35:34,000 --> 00:35:37,560 Speaker 1: toothbrush and you and you're cruising around, just walking around 678 00:35:37,600 --> 00:35:39,319 Speaker 1: having a chat to people. That's how actually I got 679 00:35:39,320 --> 00:35:42,319 Speaker 1: the nickname squirrel. Would you believe really was because I 680 00:35:42,360 --> 00:35:44,319 Speaker 1: when I would stop to talk to people, I would 681 00:35:44,400 --> 00:35:47,240 Speaker 1: tuck the toothpaste up into my cheeks and it would 682 00:35:47,840 --> 00:35:49,799 Speaker 1: kind of puff the puff the teoks out like that, 683 00:35:50,400 --> 00:35:52,520 Speaker 1: and then you have and then you. 684 00:35:52,520 --> 00:35:54,960 Speaker 2: Have some very disgusting oral habits. 685 00:35:54,960 --> 00:35:58,720 Speaker 3: Michael, that's got to be your new profile picture sure, anyway, 686 00:35:59,719 --> 00:36:01,520 Speaker 3: and that is where the nickname came from. 687 00:36:01,560 --> 00:36:04,759 Speaker 1: Anyway. One more skill, just a quick one. Stopping the 688 00:36:04,760 --> 00:36:08,160 Speaker 1: petrol bowser at exactly a round number, whether it's a 689 00:36:08,160 --> 00:36:12,800 Speaker 1: dollar figure or an exact liturage. Nail it every single time, 690 00:36:13,239 --> 00:36:15,040 Speaker 1: regardless of whether it's a bowser. 691 00:36:15,080 --> 00:36:19,720 Speaker 3: I haven't used pedants of Australia United's. 692 00:36:20,120 --> 00:36:23,520 Speaker 1: I suspect that I don't mean to be. 693 00:36:24,200 --> 00:36:26,160 Speaker 2: I don't overstate my importance here. 694 00:36:27,000 --> 00:36:31,279 Speaker 1: I could be Australia's answer to Michael Phelps. So if 695 00:36:31,320 --> 00:36:34,319 Speaker 1: anyone at the IOC is listening right now, which is 696 00:36:34,400 --> 00:36:37,200 Speaker 1: unlikely considering the Olympics or on, and they're probably busy, 697 00:36:37,800 --> 00:36:41,760 Speaker 1: don't deny this youngish Australian his chance to become a legend. 698 00:36:42,600 --> 00:36:46,359 Speaker 1: Put toothbrushing into the twenty twenty eight Olympic Games and 699 00:36:46,400 --> 00:36:49,680 Speaker 1: write your name and mine into the history books. The 700 00:36:49,760 --> 00:36:54,200 Speaker 1: Olympics are my favorite story of the week. And Jen, 701 00:36:54,920 --> 00:36:57,600 Speaker 1: I realize now I should have included a dog based event. 702 00:36:58,920 --> 00:37:02,879 Speaker 3: They already are kind of dog Olympics. I'm well, yes, 703 00:37:02,920 --> 00:37:05,719 Speaker 3: there's a was it fly ball and a bunch of 704 00:37:05,719 --> 00:37:09,120 Speaker 3: those obstacle course type ones. I considered them dog Olympics. 705 00:37:08,640 --> 00:37:10,120 Speaker 2: I are. And do you know what the winner gets? 706 00:37:10,480 --> 00:37:11,279 Speaker 3: What do they get? 707 00:37:11,600 --> 00:37:15,040 Speaker 2: Perfume? Do they really perfuom from Dulcha and Gaban? 708 00:37:16,480 --> 00:37:19,760 Speaker 1: I can't believe I just fell for that, And please, judges. 709 00:37:20,280 --> 00:37:23,640 Speaker 3: I this is an interesting one because I loathe sport, 710 00:37:23,880 --> 00:37:28,840 Speaker 3: absolutely hate it. However, this year I found the Olympics 711 00:37:28,920 --> 00:37:32,239 Speaker 3: surprisingly addictive, and I think that's just the nature of 712 00:37:32,320 --> 00:37:35,440 Speaker 3: the kind of characters we're getting and the really unusual storylines, 713 00:37:36,080 --> 00:37:39,000 Speaker 3: and some of the social media coverage has just been hysterical. 714 00:37:39,360 --> 00:37:43,319 Speaker 3: And now I'm loving the idea of the avocado squeezing contest, 715 00:37:43,800 --> 00:37:47,000 Speaker 3: particularly because in my family, one of us is chosen 716 00:37:47,040 --> 00:37:49,919 Speaker 3: as the avocado picker at the supermarket, and that would 717 00:37:49,960 --> 00:37:52,040 Speaker 3: be the wife, because she's much much better at choosing 718 00:37:52,040 --> 00:37:55,319 Speaker 3: them than I am, and so we already have a 719 00:37:55,320 --> 00:37:58,800 Speaker 3: bit of a championship. At the same time Dog Perfume 720 00:37:59,440 --> 00:38:02,600 Speaker 3: whole into story of Dog Perfume. I'm still absolutely boggled. 721 00:38:02,640 --> 00:38:04,279 Speaker 3: So I'm going to have to give you guys another draw, 722 00:38:04,480 --> 00:38:08,520 Speaker 3: which is no prettysy I know, like, are you allowed 723 00:38:08,560 --> 00:38:09,200 Speaker 3: to do this? Well? 724 00:38:09,200 --> 00:38:11,040 Speaker 2: Adam does it all the time. He's really he's a 725 00:38:11,080 --> 00:38:14,399 Speaker 2: dullest job judge around because they're always drawing too. 726 00:38:16,000 --> 00:38:17,640 Speaker 1: That's right, I mean, there we go. 727 00:38:17,760 --> 00:38:20,640 Speaker 2: I'm actually delighted not to to kind of come away 728 00:38:20,640 --> 00:38:24,440 Speaker 2: with half a point against the Olympics. So I've just 729 00:38:24,560 --> 00:38:26,040 Speaker 2: jumped in and taken it. That's it. It's all over 730 00:38:26,160 --> 00:38:26,759 Speaker 2: yp too too. 731 00:38:28,000 --> 00:38:32,560 Speaker 1: That's after I've finished cheapening the Olympics legacy with talking 732 00:38:32,560 --> 00:38:35,520 Speaker 1: about toothpaste tubes and squirrel cheeks. 733 00:38:35,800 --> 00:38:39,000 Speaker 3: Do you think it's interesting that there's more mate ship 734 00:38:39,200 --> 00:38:41,759 Speaker 3: in the Olympics than there is on the weekend edition. 735 00:38:43,000 --> 00:38:46,400 Speaker 3: There's much more sportsmanship and so much. 736 00:38:46,440 --> 00:38:49,560 Speaker 1: You're saying that the true global condition competition is here. 737 00:38:50,080 --> 00:38:50,920 Speaker 1: That's right, that's right. 738 00:38:50,960 --> 00:38:53,239 Speaker 3: The Jewels of the Death is actually on fear and greed. 739 00:38:53,400 --> 00:38:55,560 Speaker 2: I think we've been put in our box Michael, I. 740 00:38:55,520 --> 00:38:58,000 Speaker 1: Think we have indeed. Thank you Sean, Thank you Michael, 741 00:38:58,280 --> 00:38:59,080 Speaker 1: and thank you jen. 742 00:38:59,360 --> 00:39:00,440 Speaker 3: Thanks so much, Michael. 743 00:39:00,960 --> 00:39:04,319 Speaker 1: That was Jennifer Juke, economics correspondent at Capital Brief. Make 744 00:39:04,320 --> 00:39:08,880 Speaker 1: sure you're following the podcast, Join us online on LinkedIn, Instagram, TikTok, Facebook, 745 00:39:08,880 --> 00:39:11,920 Speaker 1: and X I'm Michael Thompson. And that was Fear and Greed. 746 00:39:12,239 --> 00:39:13,040 Speaker 1: Have a great weekend.