1 00:00:06,320 --> 00:00:08,799 Speaker 1: This is the weekend edition of Fear and Greed, daily 2 00:00:08,840 --> 00:00:11,200 Speaker 1: business news for people who make their own decisions. I'm 3 00:00:11,240 --> 00:00:14,000 Speaker 1: Michael Thompson and good morning, Sean Aylmer. 4 00:00:14,200 --> 00:00:15,360 Speaker 2: Good morning, Michael. 5 00:00:16,120 --> 00:00:16,800 Speaker 3: Our weekend show. 6 00:00:16,840 --> 00:00:19,320 Speaker 1: Perhaps we should say our long weekend show, because that's 7 00:00:19,360 --> 00:00:20,040 Speaker 1: really what this is. 8 00:00:20,079 --> 00:00:21,279 Speaker 3: It's got a different vibe to it. 9 00:00:21,320 --> 00:00:24,120 Speaker 2: Don't you think it's got the same vibe as every 10 00:00:24,120 --> 00:00:27,400 Speaker 2: weekend show, as in its abuse each other, abuse the judge. 11 00:00:27,520 --> 00:00:29,920 Speaker 2: But we just hate it lasts a little longer because 12 00:00:29,920 --> 00:00:31,560 Speaker 2: it is long weekend. I think that's how we go. 13 00:00:31,800 --> 00:00:32,800 Speaker 3: It's slightly irreverent. 14 00:00:32,920 --> 00:00:36,680 Speaker 1: I suppose you'd also say, look, it's about the two 15 00:00:36,720 --> 00:00:38,800 Speaker 1: of us each nominating what we think is the biggest 16 00:00:39,000 --> 00:00:43,839 Speaker 1: business story of the week, the most remarkable story, a 17 00:00:44,000 --> 00:00:47,159 Speaker 1: mystery category that we change every week, and then our 18 00:00:47,280 --> 00:00:50,720 Speaker 1: favorite business ish story. And it is a competition, and 19 00:00:50,760 --> 00:00:53,480 Speaker 1: we are joined every week by a judge to pick 20 00:00:53,520 --> 00:00:56,960 Speaker 1: a winner. And that judge is, as always our Fear 21 00:00:57,000 --> 00:00:59,880 Speaker 1: and Greed colleague, Adam Lang Adam, good morning. 22 00:01:00,080 --> 00:01:02,040 Speaker 3: Hello, Michael. Hellosh on. Happy Easter. 23 00:01:02,320 --> 00:01:05,480 Speaker 2: Happy Yeah, same to you. No, I mean it's in 24 00:01:05,520 --> 00:01:07,600 Speaker 2: the spirit of giving, and I don't know the Easter 25 00:01:07,640 --> 00:01:10,600 Speaker 2: is a giving time. Yeah, I just thought i'd give 26 00:01:10,600 --> 00:01:11,240 Speaker 2: you some advice. 27 00:01:12,760 --> 00:01:14,440 Speaker 3: Thank you. 28 00:01:14,480 --> 00:01:18,959 Speaker 2: That feedback actually feedback, yep, but you need to hear 29 00:01:18,959 --> 00:01:21,560 Speaker 2: the whole tale rather than part of the tarn. So 30 00:01:23,840 --> 00:01:27,919 Speaker 2: Michael and I were chatting to the Kok last week. 31 00:01:28,280 --> 00:01:31,039 Speaker 1: The kook is our resident economist, Stephen could. 32 00:01:30,920 --> 00:01:34,920 Speaker 2: Caulis unprompted by either Michael and I, he said, you know, 33 00:01:35,000 --> 00:01:45,960 Speaker 2: the weekend edition, the judging sometimes is atrocious, and we're like, yeah, yeah, 34 00:01:46,040 --> 00:01:52,600 Speaker 2: weally agree, absolutely atrocious, and he goes, because sometimes your stories, 35 00:01:52,800 --> 00:01:56,840 Speaker 2: as in Michael and my stories are really bad, they 36 00:01:56,840 --> 00:02:00,080 Speaker 2: should get five out of twenty. So not only did 37 00:02:00,120 --> 00:02:03,680 Speaker 2: he whack you, Adam, because all three of them, and 38 00:02:03,720 --> 00:02:07,840 Speaker 2: he whacked Mickey t as well, and unfair. It was 39 00:02:07,960 --> 00:02:10,359 Speaker 2: totally unfair, and so we went for him. Yeah, yeah, yeah, 40 00:02:10,360 --> 00:02:13,519 Speaker 2: we agree atrocious judging. Hold on, well, what do you 41 00:02:13,560 --> 00:02:13,840 Speaker 2: say that? 42 00:02:15,000 --> 00:02:18,200 Speaker 1: Genuinely thought he was only criticizing you, Adam, and then 43 00:02:18,240 --> 00:02:20,680 Speaker 1: all of a sudden so in the end, his point 44 00:02:20,880 --> 00:02:24,480 Speaker 1: was that he wants to see you give us lower 45 00:02:24,520 --> 00:02:26,440 Speaker 1: scores for bad stories. 46 00:02:27,200 --> 00:02:29,639 Speaker 3: If we do poorly, he says, you just. 47 00:02:29,680 --> 00:02:31,680 Speaker 1: End up giving them twenty one out of twenty five 48 00:02:31,800 --> 00:02:33,920 Speaker 1: instead of twenty five out of twenty five, when really 49 00:02:33,960 --> 00:02:35,600 Speaker 1: they deserve about a five or a six. 50 00:02:36,080 --> 00:02:38,120 Speaker 3: Okay, I don't agree with that. 51 00:02:38,800 --> 00:02:43,440 Speaker 2: I think someone's nature, Adam's nature, mister nice guy, very 52 00:02:43,440 --> 00:02:44,920 Speaker 2: hard for him to go under twenty. 53 00:02:45,880 --> 00:02:48,120 Speaker 3: I'll try and experiment with it, see how it goes. 54 00:02:48,360 --> 00:02:51,640 Speaker 3: I'll imagine Stephen in the audience kind of howling and heckling. 55 00:02:51,760 --> 00:02:55,720 Speaker 1: Yes, yes, yes, doing you from behind? Let's do this, Sholly, 56 00:02:55,800 --> 00:02:58,760 Speaker 1: what do you quit, Adam? Very quickly? What are you 57 00:02:58,840 --> 00:03:02,120 Speaker 1: actually looking for? In order to get full marks for 58 00:03:02,200 --> 00:03:04,760 Speaker 1: each story? What do we need to deliver right? 59 00:03:04,840 --> 00:03:08,720 Speaker 3: Maximum points will be dictated by topicality, timeliness, and of 60 00:03:08,720 --> 00:03:11,720 Speaker 3: course economic impact. I'd love you to play some of 61 00:03:11,800 --> 00:03:15,160 Speaker 3: my subjective bias towards reform, probably not a lot of 62 00:03:15,160 --> 00:03:20,560 Speaker 3: that in this political atmosphere. And lastly importantly melodrama. Please 63 00:03:20,680 --> 00:03:26,240 Speaker 3: bring the theater, okay, Sean m would you like to 64 00:03:26,280 --> 00:03:32,480 Speaker 3: go first? Yes, yes, yes, yes, good theater? Well absolutely, 65 00:03:33,160 --> 00:03:37,600 Speaker 3: he's behind you, So I just not really go for 66 00:03:37,640 --> 00:03:39,880 Speaker 3: the pantomime now. It feels like that's the way we're 67 00:03:39,920 --> 00:03:40,400 Speaker 3: heading right. 68 00:03:40,680 --> 00:03:45,960 Speaker 2: I once went to a pantomime in Bristol in the UK, 69 00:03:46,400 --> 00:03:48,920 Speaker 2: and John Inman what sort of vintage within it. A 70 00:03:49,000 --> 00:03:51,440 Speaker 2: little while ago, John, wasn't it do you remember? Are 71 00:03:51,440 --> 00:03:57,840 Speaker 2: you being served? Are you fres It was fantastic. Anyway, 72 00:03:59,080 --> 00:04:03,240 Speaker 2: I digress. What's relevant here? Biggest story? What do we 73 00:04:03,280 --> 00:04:05,800 Speaker 2: find out this week? Well, we found out that pretty 74 00:04:05,880 --> 00:04:08,800 Speaker 2: much the Reserve Bank is set to cut interest rates 75 00:04:08,840 --> 00:04:13,480 Speaker 2: on May twenty. Not a sure thing, I agree, But 76 00:04:13,640 --> 00:04:17,360 Speaker 2: the minutes from the Reserving Board meeting of a couple 77 00:04:17,360 --> 00:04:21,440 Speaker 2: of weeks ago said the things, that's looking at labor force, 78 00:04:21,839 --> 00:04:23,560 Speaker 2: Well we got a labor force figure that which is 79 00:04:23,560 --> 00:04:27,440 Speaker 2: a bit soft this week, didn't we what's going on internationally? Well, 80 00:04:27,640 --> 00:04:32,120 Speaker 2: had tariff's, you know, kind of a tariff bonanza which 81 00:04:32,160 --> 00:04:37,160 Speaker 2: is causing all sorts of malay in financial markets and inflation. 82 00:04:37,360 --> 00:04:39,800 Speaker 2: Now we'll find out about inflation in ten days time 83 00:04:39,920 --> 00:04:43,200 Speaker 2: or so. Can you believe that Michael is so disrespectful 84 00:04:43,200 --> 00:04:45,560 Speaker 2: that when it comes to inflation he starts yawning. When 85 00:04:45,560 --> 00:04:49,520 Speaker 2: it comes to people's livelihoods, interest rates, mortgage payments, credit 86 00:04:49,560 --> 00:04:51,400 Speaker 2: card payments, Michael is yawning. 87 00:04:51,680 --> 00:04:56,440 Speaker 1: The thing is, I genuinely find this interesting. I find 88 00:04:56,480 --> 00:04:59,799 Speaker 1: your delivery dull. That's the problem. 89 00:05:00,120 --> 00:05:02,080 Speaker 2: Play the man, not the ball. 90 00:05:03,000 --> 00:05:03,559 Speaker 3: That's right. 91 00:05:04,400 --> 00:05:07,760 Speaker 2: So what we found out from those minutes is that 92 00:05:07,800 --> 00:05:11,240 Speaker 2: the Reserve Bank won't mind cunning interest rates. Only four 93 00:05:11,800 --> 00:05:14,320 Speaker 2: market economists out there think they won't cut rates. On 94 00:05:14,360 --> 00:05:17,320 Speaker 2: May twenty, when those unemployment or the labor force data 95 00:05:17,320 --> 00:05:19,800 Speaker 2: came out on Thursday, unemployment rate four point one percent. 96 00:05:20,040 --> 00:05:22,560 Speaker 2: There were thirty two thousand new jobs found, but that 97 00:05:22,600 --> 00:05:25,200 Speaker 2: followed a fifty three thousand dropped the previous month. So 98 00:05:25,440 --> 00:05:28,479 Speaker 2: overall the trend there, it's just sing and showing a 99 00:05:28,480 --> 00:05:31,520 Speaker 2: bit of weakness in the labor market. I reckon, we've 100 00:05:31,520 --> 00:05:35,560 Speaker 2: got a rate cut coming. Hmm. Economic importance, Yeah, beat that, 101 00:05:36,200 --> 00:05:38,480 Speaker 2: Mickey t all right. 102 00:05:38,560 --> 00:05:42,120 Speaker 1: I will sean there is only one big story, and 103 00:05:42,200 --> 00:05:44,200 Speaker 1: the fact is that this is going to be delivered 104 00:05:44,200 --> 00:05:48,320 Speaker 1: with gusto and with passion and emphasis and melodrama and 105 00:05:48,400 --> 00:05:50,560 Speaker 1: everything that Adam needs in order to deliver this. 106 00:05:50,720 --> 00:05:54,160 Speaker 2: Full marks Already already you can tell this ain't much 107 00:05:54,200 --> 00:05:57,279 Speaker 2: of a story because he has built it up. The wrapping, 108 00:05:57,839 --> 00:06:02,080 Speaker 2: the melodrama, the whole bit go on. 109 00:06:00,800 --> 00:06:03,920 Speaker 1: One big story. And you know what the good thing is, 110 00:06:04,080 --> 00:06:10,320 Speaker 1: parcels that for once it is not Tariff's it is 111 00:06:10,360 --> 00:06:12,400 Speaker 1: and it has been for the last two weeks now 112 00:06:12,480 --> 00:06:15,320 Speaker 1: in a row. The biggest story has been tariffs. And 113 00:06:15,360 --> 00:06:17,640 Speaker 1: you know what, it should have been last week, and 114 00:06:17,680 --> 00:06:20,440 Speaker 1: it should have been the week before, and it should 115 00:06:20,440 --> 00:06:22,760 Speaker 1: be next week, and should be the week after. And 116 00:06:22,800 --> 00:06:26,640 Speaker 1: it's sure as heck is today the election campaign the 117 00:06:26,800 --> 00:06:29,440 Speaker 1: biggest story of this five week stretch, and it's been 118 00:06:29,480 --> 00:06:34,080 Speaker 1: overshadowed by all that stuff happening overseas. This matters, It 119 00:06:34,160 --> 00:06:36,880 Speaker 1: matters to Australians and it matters to the Australian economy. 120 00:06:36,920 --> 00:06:38,400 Speaker 3: Not saying that the other things didn't. 121 00:06:38,120 --> 00:06:40,520 Speaker 1: But this is big, right, This is big, and it 122 00:06:40,560 --> 00:06:44,600 Speaker 1: comes from Australia. It is an Australian story. We passed 123 00:06:44,600 --> 00:06:47,280 Speaker 1: the halfway point this week, just two weeks to go, 124 00:06:47,920 --> 00:06:52,160 Speaker 1: this time exactly, this time, at a fortnight, we will 125 00:06:52,200 --> 00:06:56,719 Speaker 1: be officially stuffed to the gills with democracy sausages having voted. 126 00:06:57,120 --> 00:06:59,680 Speaker 1: It is going to be an extraordinary experience. This week 127 00:06:59,720 --> 00:07:02,560 Speaker 1: we saw the party launchers for both Labor and the Liberals. 128 00:07:03,160 --> 00:07:06,119 Speaker 1: We saw the second debate. It was, as you said, Sean, 129 00:07:06,160 --> 00:07:08,600 Speaker 1: a much more spirited affair. And you know what it 130 00:07:08,640 --> 00:07:12,800 Speaker 1: feels like, voters are finally getting a sense of who 131 00:07:12,840 --> 00:07:17,080 Speaker 1: these two leaders actually are and what they actually stand for. 132 00:07:17,480 --> 00:07:19,760 Speaker 1: We had housing policy as a big issue on both 133 00:07:19,800 --> 00:07:22,440 Speaker 1: sides this week featured at their launchers. We had energy 134 00:07:22,480 --> 00:07:25,920 Speaker 1: policy for the Liberals, health care for labor. These came 135 00:07:25,960 --> 00:07:29,600 Speaker 1: through in the debate as well. Russian jets made an appearance, 136 00:07:29,840 --> 00:07:31,720 Speaker 1: which is just you don't get to say that in 137 00:07:31,880 --> 00:07:33,440 Speaker 1: enough election campaigns that. 138 00:07:34,120 --> 00:07:36,280 Speaker 2: Russia Russian jets didn't make an appearance. 139 00:07:36,520 --> 00:07:37,360 Speaker 3: This is true. 140 00:07:37,560 --> 00:07:42,480 Speaker 1: They kind of like the specter of Russian jets. It 141 00:07:42,760 --> 00:07:46,480 Speaker 1: made an appearance and Peter dutt't forced to acknowledge that 142 00:07:46,560 --> 00:07:49,040 Speaker 1: he was in fact wrong about the Indonesian president talking 143 00:07:49,080 --> 00:07:51,120 Speaker 1: about the potential for Russian jets to be based. They're 144 00:07:51,160 --> 00:07:53,280 Speaker 1: not saying that the request wasn't actually made. It just 145 00:07:53,360 --> 00:07:55,560 Speaker 1: wasn't that the Indonesian president. 146 00:07:55,200 --> 00:07:55,760 Speaker 3: Talked about it. 147 00:07:55,760 --> 00:07:59,520 Speaker 1: It was in fact another government official within Indonesia. In 148 00:07:59,560 --> 00:08:04,040 Speaker 1: the end, a jam packed week full of politics, full 149 00:08:04,120 --> 00:08:07,200 Speaker 1: of policy, and finally a sense that we have too 150 00:08:07,360 --> 00:08:10,640 Speaker 1: clear options to vote for because we had some clear 151 00:08:10,720 --> 00:08:13,920 Speaker 1: air this week to fully enjoy and embrace the wonder 152 00:08:13,960 --> 00:08:15,240 Speaker 1: that is Australian democracy. 153 00:08:16,320 --> 00:08:27,880 Speaker 3: Wow, feel better, there you go. So Sean I reckon 154 00:08:28,040 --> 00:08:37,440 Speaker 3: interstrates are coming down and Michael election campaign. 155 00:08:34,559 --> 00:08:37,120 Speaker 2: Can I ask Adam if he went to the general 156 00:08:37,160 --> 00:08:41,040 Speaker 2: population this morning. Yeah, said, you're more interested in the 157 00:08:41,120 --> 00:08:43,560 Speaker 2: campaign of the last week or the fact that we 158 00:08:43,600 --> 00:08:45,960 Speaker 2: think rates are going to be cut. They're going to go, 159 00:08:46,559 --> 00:08:48,160 Speaker 2: what interest rate's going to be cut? 160 00:08:48,640 --> 00:08:50,240 Speaker 1: Yeah, but they won't have heard about it because it 161 00:08:50,280 --> 00:08:52,800 Speaker 1: hasn't been the biggest story. But they will go, Yes, 162 00:08:52,840 --> 00:08:55,240 Speaker 1: I know, there's an election campaign. It's all we've been 163 00:08:55,280 --> 00:08:57,080 Speaker 1: talking about all week. It's the biggest story. 164 00:08:58,080 --> 00:09:01,600 Speaker 3: Biggest issue uniting both these stories is of course, cost 165 00:09:01,640 --> 00:09:06,280 Speaker 3: of living, and it is the single biggest concern. Interest 166 00:09:06,360 --> 00:09:08,800 Speaker 3: race coming down will be an absolutely material factor on that. 167 00:09:09,760 --> 00:09:14,480 Speaker 3: I think the election campaign has to win because it's 168 00:09:14,520 --> 00:09:20,079 Speaker 3: closer than the next RBA meeting, so very narrow victory. 169 00:09:20,400 --> 00:09:23,080 Speaker 3: This is my harsh spirit coming through. 170 00:09:25,800 --> 00:09:28,600 Speaker 1: I love that I didn't actually actually forgot to mention 171 00:09:28,760 --> 00:09:31,120 Speaker 1: cost of living. I got caught up in the melodrama. 172 00:09:31,200 --> 00:09:35,280 Speaker 1: I forgot to mention cost of living in that anyway, 173 00:09:36,360 --> 00:09:39,400 Speaker 1: it was the specter, much like the specter of Russian jets. 174 00:09:39,440 --> 00:09:42,439 Speaker 1: The specter of cost of living hung heavy over my entry. 175 00:09:42,559 --> 00:09:45,640 Speaker 1: Just then, let's move on to most remarkable, shall we. 176 00:09:46,559 --> 00:09:50,920 Speaker 2: Yes, mister Entry, please you go first. 177 00:09:52,640 --> 00:09:53,120 Speaker 3: All right? 178 00:09:54,960 --> 00:09:59,120 Speaker 1: The most remarkable story this week, and there's actually a 179 00:09:59,240 --> 00:10:02,160 Speaker 1: very serious one and a very kind of worthy story. 180 00:10:03,800 --> 00:10:04,800 Speaker 3: Most remarkable. 181 00:10:05,080 --> 00:10:07,079 Speaker 2: You know it's going to be dull, don't you. 182 00:10:07,120 --> 00:10:08,040 Speaker 3: No, it's not dull. 183 00:10:08,080 --> 00:10:10,120 Speaker 1: It is actually genuine, and I'm trying to I was 184 00:10:10,120 --> 00:10:15,520 Speaker 1: trying to draw a line under the carry on of 185 00:10:15,640 --> 00:10:18,640 Speaker 1: before that. I think that's the challenge. 186 00:10:19,160 --> 00:10:21,440 Speaker 3: It's like the old films carry on the weekend edition. 187 00:10:21,720 --> 00:10:26,000 Speaker 1: The most remarkable is the ruling by the Fair Work 188 00:10:26,040 --> 00:10:31,080 Speaker 1: Commission this week. And the ruling was for pay rises 189 00:10:31,080 --> 00:10:33,800 Speaker 1: of up to thirty percent for hundreds of thousands of 190 00:10:33,840 --> 00:10:37,400 Speaker 1: early childhood workers and health professionals. You can see why 191 00:10:37,440 --> 00:10:39,720 Speaker 1: I was trying to distance myself from the carry on 192 00:10:39,760 --> 00:10:42,520 Speaker 1: of the first story to get into the serious story now. 193 00:10:42,720 --> 00:10:45,640 Speaker 1: Because these are industries that are dominated by women. The 194 00:10:45,800 --> 00:10:48,440 Speaker 1: rulings are part of an effort to fix gender pay 195 00:10:48,480 --> 00:10:50,800 Speaker 1: and balances, and it's just getting started because unions are 196 00:10:50,800 --> 00:10:54,120 Speaker 1: flagging other cases for clothing retail workers and flight cabin 197 00:10:54,200 --> 00:10:58,080 Speaker 1: crew and hairdressers and receptionists. There's already claims before the 198 00:10:58,480 --> 00:11:01,000 Speaker 1: Fair Work Commission for up to an increase of up 199 00:11:01,040 --> 00:11:04,880 Speaker 1: to thirty five percent for nurses in private hospitals. It 200 00:11:05,000 --> 00:11:09,360 Speaker 1: is remarkable because this is long overdue and finally, at 201 00:11:09,440 --> 00:11:12,720 Speaker 1: last we are potentially starting to catch up with where 202 00:11:12,720 --> 00:11:15,160 Speaker 1: we should be. And there is a long way to go, obviously, 203 00:11:15,200 --> 00:11:18,679 Speaker 1: but this was a very big step. You would argue 204 00:11:18,720 --> 00:11:20,840 Speaker 1: this week for gender equality, and. 205 00:11:20,960 --> 00:11:23,559 Speaker 2: They had legislation last year putting this in place. 206 00:11:24,559 --> 00:11:28,960 Speaker 1: Massive ruling this week. That is a big, big ruling. 207 00:11:29,120 --> 00:11:32,440 Speaker 2: And I'm not arguing the importance of the story, but 208 00:11:32,880 --> 00:11:34,320 Speaker 2: what sort of category are you in? 209 00:11:34,440 --> 00:11:34,800 Speaker 3: Anyway? 210 00:11:34,920 --> 00:11:40,120 Speaker 2: My most remarkable story, right, nothing happened on share markets. Eh, 211 00:11:40,160 --> 00:11:41,800 Speaker 2: that's remarkable. 212 00:11:42,679 --> 00:11:46,840 Speaker 3: Seriously, twentieth of January. 213 00:11:47,600 --> 00:11:50,679 Speaker 2: I mean, look, we started off of the market, got dumped, 214 00:11:51,240 --> 00:11:53,280 Speaker 2: and then it just trended up all week, up about 215 00:11:53,320 --> 00:11:55,800 Speaker 2: one and a half two percent. You know, if you've 216 00:11:55,840 --> 00:11:58,280 Speaker 2: got gold stocks, love them. We had Northern Star buying 217 00:11:58,360 --> 00:12:01,800 Speaker 2: Degray Mining earlier in the week. We've got you know, 218 00:12:01,800 --> 00:12:05,560 Speaker 2: a bunch of South African based gold company trying to 219 00:12:05,600 --> 00:12:09,000 Speaker 2: take over gold Road Resources. They were partners, they're clearly 220 00:12:09,080 --> 00:12:13,319 Speaker 2: not partners anymore. Ah, We've got sort of friendly merges 221 00:12:13,360 --> 00:12:16,480 Speaker 2: between a couple of the big players. It's just, you know, 222 00:12:16,960 --> 00:12:21,000 Speaker 2: my goal's going off. But otherwise nothing's happening. Banks are 223 00:12:21,040 --> 00:12:23,360 Speaker 2: up a little bit minus are up a bit now 224 00:12:23,440 --> 00:12:28,880 Speaker 2: given what is going on in the global economy, this 225 00:12:29,360 --> 00:12:35,079 Speaker 2: is truly remarkable because we have a reordering of global 226 00:12:35,160 --> 00:12:39,120 Speaker 2: trade at the moment, no matter what happens from here 227 00:12:39,920 --> 00:12:43,680 Speaker 2: at total reordering. We had tutle turmoil in financial markets, 228 00:12:44,559 --> 00:12:50,320 Speaker 2: and this week traders starting they're getting their head around 229 00:12:50,360 --> 00:12:52,720 Speaker 2: it now. Donald Trump didn't tweet as much this week 230 00:12:52,760 --> 00:12:54,760 Speaker 2: as you normally. I think it's more playing golf because 231 00:12:54,760 --> 00:12:57,280 Speaker 2: it was particularly healthy. I think he won three golf 232 00:12:57,320 --> 00:12:59,760 Speaker 2: tournaments this week, was it or was that in the 233 00:12:59,360 --> 00:13:00,800 Speaker 2: front for it was? 234 00:13:00,800 --> 00:13:04,280 Speaker 1: Wasn't that remarkable with the health report from the president? 235 00:13:04,360 --> 00:13:06,920 Speaker 1: When the White House released his health. 236 00:13:07,559 --> 00:13:09,599 Speaker 2: The medical presence doctor. 237 00:13:09,559 --> 00:13:11,680 Speaker 3: Yeah saying that yes, he passed all the. 238 00:13:13,240 --> 00:13:18,560 Speaker 1: Intelligence tests and that the various mental acuity tests, and 239 00:13:18,600 --> 00:13:20,840 Speaker 1: his blood pressure is good, and his cholesterol is good, 240 00:13:20,880 --> 00:13:25,079 Speaker 1: and he has won several golf tournaments. It's like, Okay, 241 00:13:25,320 --> 00:13:27,120 Speaker 1: did you need to mention the fact that he won 242 00:13:27,200 --> 00:13:28,800 Speaker 1: it or is it just the fact that he plays 243 00:13:28,840 --> 00:13:31,680 Speaker 1: golf regularly is sufficient. It feels as though the fact 244 00:13:31,679 --> 00:13:33,439 Speaker 1: that the doctor managed to work in there the fact 245 00:13:33,480 --> 00:13:35,520 Speaker 1: that he's not just playing golf he is playing golf 246 00:13:35,559 --> 00:13:39,240 Speaker 1: well enough, but that suddenly feels as though there's a. 247 00:13:39,200 --> 00:13:40,079 Speaker 3: Bit more in it. 248 00:13:40,120 --> 00:13:43,360 Speaker 1: And it to me, to me, if you were playing 249 00:13:43,400 --> 00:13:46,360 Speaker 1: against the president, or if you're playing against the world leader, 250 00:13:46,600 --> 00:13:50,720 Speaker 1: would you accidentally take an air swing somewhere just just so. 251 00:13:50,840 --> 00:13:53,120 Speaker 2: That you could If I was doing it, wouldn't be 252 00:13:53,120 --> 00:14:01,920 Speaker 2: an accident. Sorry anyway, My point being, it has been 253 00:14:01,920 --> 00:14:06,600 Speaker 2: a remarkably steady week on the market, and really the 254 00:14:06,640 --> 00:14:08,760 Speaker 2: only news out of the market this week has been gold. 255 00:14:09,400 --> 00:14:11,880 Speaker 2: Say favorite status hit, didn't you Hi? We've had a 256 00:14:11,880 --> 00:14:15,880 Speaker 2: lot going on in the gold sector, but otherwise remarkably normal. 257 00:14:16,600 --> 00:14:20,360 Speaker 1: Adakay, Adam. This is one of those stories. Picture Stephen 258 00:14:20,360 --> 00:14:25,400 Speaker 1: could cool us sitting there right now listening, going, Adam, 259 00:14:25,920 --> 00:14:29,760 Speaker 1: this is one that's your panelized do it. 260 00:14:29,800 --> 00:14:32,480 Speaker 2: But you're assuming that he might be penalizing me. 261 00:14:32,840 --> 00:14:36,800 Speaker 3: But logic would tell me that shot. Yeah, so I 262 00:14:36,800 --> 00:14:41,000 Speaker 3: think it very worthy story, Michael, fairly long run up 263 00:14:41,000 --> 00:14:44,360 Speaker 3: to this happening. So it's what happened to be week? 264 00:14:47,400 --> 00:14:48,600 Speaker 2: Is part of it happened this week? 265 00:14:48,680 --> 00:14:51,640 Speaker 3: Yeah, there is an element of remarkability and that it 266 00:14:51,680 --> 00:14:56,360 Speaker 3: took this long, but here we are great on markets though, 267 00:14:56,520 --> 00:15:00,920 Speaker 3: and I'm gonna I'm choosing Sean's story because within it 268 00:15:01,800 --> 00:15:03,520 Speaker 3: and I think this is one of the things I've 269 00:15:03,560 --> 00:15:06,560 Speaker 3: come to appreciate more in the last month than I 270 00:15:06,560 --> 00:15:11,520 Speaker 3: have previously. Is it the fact that the Americans, ala 271 00:15:11,880 --> 00:15:16,120 Speaker 3: Trump is actually taking a lesson from bonds at the moment, 272 00:15:16,160 --> 00:15:19,680 Speaker 3: and that's what's causing him just to halt this path 273 00:15:19,720 --> 00:15:22,200 Speaker 3: he's been on, which has proven to be so destructive. 274 00:15:22,720 --> 00:15:24,640 Speaker 3: And I think that he's actually taking a lesson from 275 00:15:24,680 --> 00:15:26,800 Speaker 3: the bond market is remarkable. 276 00:15:27,360 --> 00:15:34,280 Speaker 2: That's assuming he understands, which most normal people will got right. 277 00:15:34,360 --> 00:15:37,600 Speaker 3: He knows he should know what he's doing, right, So 278 00:15:37,680 --> 00:15:39,760 Speaker 3: I'm hoping that that is the case. On You're right, 279 00:15:39,960 --> 00:15:45,520 Speaker 3: it might be a guess one one. Did that really 280 00:15:45,680 --> 00:15:49,600 Speaker 3: just happen? The markets are remarkable. It's an honorable wind 281 00:15:49,600 --> 00:15:50,080 Speaker 3: to Sean. 282 00:15:50,760 --> 00:15:53,080 Speaker 2: A dishonorable loss to Michael. 283 00:15:53,480 --> 00:15:57,000 Speaker 1: No, the only thing dishonorable here is the judgments disgrace. 284 00:15:57,400 --> 00:16:00,040 Speaker 1: Take a quick break. We will come back with a 285 00:16:00,080 --> 00:16:01,520 Speaker 1: mystery category of the week. 286 00:16:09,000 --> 00:16:09,320 Speaker 3: Sean. 287 00:16:09,440 --> 00:16:12,920 Speaker 1: It is one all we are now looking for the best. 288 00:16:13,400 --> 00:16:17,400 Speaker 1: It's a mystery category. It is we have chosen this week. 289 00:16:17,520 --> 00:16:22,560 Speaker 1: We chose by looking at the stories of the week 290 00:16:22,680 --> 00:16:25,680 Speaker 1: and looking for themes and looking for ideas that leapt 291 00:16:25,720 --> 00:16:28,160 Speaker 1: out at us. And one theme did leap out at 292 00:16:28,240 --> 00:16:29,600 Speaker 1: us with some vigor. 293 00:16:29,400 --> 00:16:38,680 Speaker 3: A common thread, and it was the best retail story. Okay, sorry, 294 00:16:39,240 --> 00:16:42,200 Speaker 3: but just just just say I was struggling for a 295 00:16:42,240 --> 00:16:46,640 Speaker 3: notion of what retail story means. Just okay, Oh, it's 296 00:16:46,680 --> 00:16:49,480 Speaker 3: a story about retailers. Okay, about retailers. 297 00:16:49,760 --> 00:16:53,440 Speaker 1: Yeah, yeah, yeah, yeah, yeah. 298 00:16:53,480 --> 00:16:57,800 Speaker 2: God he's dumb sometimes, isn't he. Who Adam do you mean? 299 00:16:57,880 --> 00:17:00,840 Speaker 2: Or me, Adam? But don't Adam, don't tell me. 300 00:17:01,240 --> 00:17:06,920 Speaker 3: Well, sometimes there's retail politics. Okay, let's see. The best 301 00:17:06,960 --> 00:17:09,280 Speaker 3: retail story in Australia this week. 302 00:17:09,119 --> 00:17:17,600 Speaker 1: Is quite clear. Okay, because Guzmani Gomez as if go 303 00:17:17,680 --> 00:17:22,840 Speaker 1: on going toe to toe or perhaps beretoe to toe 304 00:17:25,960 --> 00:17:32,760 Speaker 1: with Taco Bell, I got him and coming out on top. 305 00:17:34,359 --> 00:17:39,399 Speaker 1: It's not bad, huh, Gusman, little homegrown Aussie brand just 306 00:17:39,960 --> 00:17:43,240 Speaker 1: taking over the world. ASX listed, Colins Foods is selling 307 00:17:43,240 --> 00:17:46,280 Speaker 1: the rights of the Taco bell chain here because really, 308 00:17:47,040 --> 00:17:51,679 Speaker 1: GYG has just been too successful in creating it is 309 00:17:51,720 --> 00:17:55,920 Speaker 1: now synonymous with Mexican food in Australia. It is growing 310 00:17:56,240 --> 00:17:59,840 Speaker 1: and a strategic review found that Taco Bell doesn't have 311 00:18:00,280 --> 00:18:05,160 Speaker 1: the cut through that it needs to succeed in this market. 312 00:18:05,560 --> 00:18:07,480 Speaker 1: Colin's Foods is going to sell the license to the 313 00:18:07,520 --> 00:18:10,280 Speaker 1: twenty seven Taco Bell stores that it has. 314 00:18:10,600 --> 00:18:13,560 Speaker 3: Instead, that's going to twenty seven. 315 00:18:13,720 --> 00:18:16,400 Speaker 2: That's major. WHOA hold the phone. 316 00:18:16,680 --> 00:18:18,840 Speaker 3: Well, it probably you know what it is. 317 00:18:19,240 --> 00:18:25,359 Speaker 1: It's major because it signifies a significant signifies a significant capitulation, Sean. Instead, 318 00:18:25,480 --> 00:18:28,600 Speaker 1: Colin's Foods is going to focus on growing KFC in 319 00:18:28,720 --> 00:18:43,280 Speaker 1: the home of Fried Chicken, Germany. 320 00:18:37,520 --> 00:18:39,920 Speaker 2: Because the Germans are known for their fried chicken. That's right, 321 00:18:40,000 --> 00:18:41,080 Speaker 2: although I don't call it that. 322 00:18:41,520 --> 00:18:46,440 Speaker 1: The Kentucky Fried Chicken gyg right has two hundred and 323 00:18:46,440 --> 00:18:49,840 Speaker 1: twenty stores across itsel two hundred and twenty stores. 324 00:18:50,040 --> 00:18:53,960 Speaker 2: Sorry, what did you say? Adam said, we said fried chicken. 325 00:18:53,960 --> 00:18:55,800 Speaker 2: Were discussing fried chicken, and you're off in your own 326 00:18:55,840 --> 00:18:58,360 Speaker 2: little fairy land talking about something that we weren't interested in. 327 00:18:58,760 --> 00:19:01,040 Speaker 2: And I said, it's not really called fried chicken. And 328 00:19:01,080 --> 00:19:03,880 Speaker 2: Adam said, snitzl. I wonder whether that's right. I wonder 329 00:19:03,920 --> 00:19:05,600 Speaker 2: whether the germ is called fried chicken. Snitzl. 330 00:19:06,640 --> 00:19:09,879 Speaker 3: That's a different product, different kind of fried chicken. It 331 00:19:09,960 --> 00:19:11,119 Speaker 3: is fried chicken. 332 00:19:11,320 --> 00:19:15,000 Speaker 2: Yeah, anyway, go on, Michael. I was just trying to 333 00:19:15,040 --> 00:19:17,760 Speaker 2: inject some interest into your story, and you did not. 334 00:19:17,840 --> 00:19:24,000 Speaker 1: Succeed. Two one hundred and twenty stores across four countries. 335 00:19:24,119 --> 00:19:26,800 Speaker 1: It is expanding rapidly. It started in Sydney, started in 336 00:19:26,840 --> 00:19:29,760 Speaker 1: Newtown in about two thousand and eight. I remember going 337 00:19:29,880 --> 00:19:33,200 Speaker 1: to that store in around about two thousand and nine 338 00:19:33,600 --> 00:19:37,560 Speaker 1: and sampling the delicious Mexican food. It sounds like I'm 339 00:19:37,600 --> 00:19:39,800 Speaker 1: on the payroll here, doesn't it. It was very, very 340 00:19:39,800 --> 00:19:42,359 Speaker 1: good and it still remains quite good. It is a 341 00:19:42,480 --> 00:19:43,400 Speaker 1: real read. 342 00:19:45,200 --> 00:19:47,880 Speaker 2: Oh I'm sorry, I've got to give Goodman. So I'm 343 00:19:47,920 --> 00:19:53,960 Speaker 2: not a fast food person and I'm mostly vegetarian slash pescatarian. 344 00:19:54,240 --> 00:19:56,959 Speaker 2: Goodsman gives me options, so I'm going to stand up 345 00:19:56,960 --> 00:20:00,400 Speaker 2: for Goodman. I actually and my kids love it fan 346 00:20:01,119 --> 00:20:03,520 Speaker 2: so better than quite good. 347 00:20:04,080 --> 00:20:04,240 Speaker 3: Well. 348 00:20:04,280 --> 00:20:06,400 Speaker 1: I just didn't want to sound too enthusiastic because oh, 349 00:20:06,400 --> 00:20:09,960 Speaker 1: I'm like, oh yeah, right, okay, go Goodsman. 350 00:20:10,280 --> 00:20:13,800 Speaker 3: Anyway, it's so realistic. Integrity in question. 351 00:20:13,800 --> 00:20:16,000 Speaker 1: Yeah, absolutely, and I have a lot of integrity and 352 00:20:16,040 --> 00:20:18,680 Speaker 1: I do not. I can't say that with a straight face, 353 00:20:19,160 --> 00:20:22,760 Speaker 1: and I don't want to question it seriously, though GYG 354 00:20:23,040 --> 00:20:25,520 Speaker 1: expanding rapidly. It shows the power of momentum that they've 355 00:20:25,560 --> 00:20:29,800 Speaker 1: been able to steamroll over Taco Bell. Right, it is 356 00:20:29,840 --> 00:20:32,640 Speaker 1: a real retail success story. Taco Bell's been a big 357 00:20:32,640 --> 00:20:36,000 Speaker 1: success obviously in the US. What it shows here, it 358 00:20:36,080 --> 00:20:38,639 Speaker 1: shows how hard it is for a foreign brand to 359 00:20:38,760 --> 00:20:42,520 Speaker 1: come into Australia and to try and take on an 360 00:20:42,560 --> 00:20:46,560 Speaker 1: Australian retailer. In fact, I would suggest there are no 361 00:20:46,640 --> 00:20:49,480 Speaker 1: other stories that you could even kind of put forward 362 00:20:49,760 --> 00:20:53,640 Speaker 1: that would be worth considering. If it's no, no, no, 363 00:20:53,640 --> 00:20:57,600 Speaker 1: no that have happened this week of Australian of Australian 364 00:20:57,600 --> 00:21:01,240 Speaker 1: companies that are under fire from overseas threats. 365 00:21:01,000 --> 00:21:04,000 Speaker 2: Well, I would like I would like to say mine's 366 00:21:04,000 --> 00:21:06,840 Speaker 2: at the other end of the spectrum. So Michael's story 367 00:21:07,040 --> 00:21:10,920 Speaker 2: is about Taco Bell, effectively saying right too hard. Mine 368 00:21:11,000 --> 00:21:14,119 Speaker 2: is actually about taking on a market leader in this 369 00:21:14,200 --> 00:21:18,600 Speaker 2: country who I have brought so much stuff from this 370 00:21:18,960 --> 00:21:24,919 Speaker 2: place and it is expensive, so any competition I love, Adam, 371 00:21:24,920 --> 00:21:25,919 Speaker 2: do you know where we're going on this? 372 00:21:26,520 --> 00:21:28,000 Speaker 3: I don't. I'm intrigued. 373 00:21:29,720 --> 00:21:34,760 Speaker 2: Your discretion discretionary spend right for your family, so include kids, 374 00:21:35,000 --> 00:21:36,240 Speaker 2: what type of goods. 375 00:21:35,920 --> 00:21:38,679 Speaker 3: What a supermarket spending. 376 00:21:39,160 --> 00:21:41,239 Speaker 2: No, that's not that's a consumer stable Adam. If you've 377 00:21:41,280 --> 00:21:43,080 Speaker 2: been listening to this show, you know that. But clearly 378 00:21:43,119 --> 00:21:48,800 Speaker 2: you haven't discretionary him down discretionary Where would you what 379 00:21:49,080 --> 00:21:52,560 Speaker 2: sort of goods? I mean electronics maybe, yeah, but what else? 380 00:21:53,119 --> 00:21:54,760 Speaker 2: And you've got look, you've got boys. 381 00:21:54,520 --> 00:21:57,600 Speaker 3: Baby high five Bunnings. You know they get a lot of. 382 00:21:57,880 --> 00:22:01,440 Speaker 2: Discretion include your voice who were underage? 383 00:22:01,520 --> 00:22:03,240 Speaker 3: Dan Rebels in court? 384 00:22:03,600 --> 00:22:06,240 Speaker 2: Ah, there we go being a Rebel sport Hullo. 385 00:22:06,560 --> 00:22:07,639 Speaker 3: Very good retailer. 386 00:22:08,440 --> 00:22:10,320 Speaker 2: I buy. I spent a lot of money at Rebel, 387 00:22:11,480 --> 00:22:13,480 Speaker 2: but it just irritates me that there's no competition in 388 00:22:13,520 --> 00:22:16,760 Speaker 2: the market. There's going to be British retailer Phrases making 389 00:22:16,800 --> 00:22:19,919 Speaker 2: an aggressive push into the sport and fitness goods market. Adam, 390 00:22:19,920 --> 00:22:22,399 Speaker 2: You and I next time we want to buy Likra 391 00:22:22,520 --> 00:22:27,159 Speaker 2: together we can go to Phrases for a. 392 00:22:27,200 --> 00:22:29,160 Speaker 3: Bike ride for charity in Mayshaw. 393 00:22:29,760 --> 00:22:32,720 Speaker 2: Yeah, that would love people to donate to. For example, 394 00:22:34,359 --> 00:22:38,480 Speaker 2: So Accent Group is going to actually run these Fraser 395 00:22:38,640 --> 00:22:42,919 Speaker 2: stores and take on Rebel. It's a whole new player now. 396 00:22:42,960 --> 00:22:50,560 Speaker 2: Fraser list of the UK owns owns Slazinger everlast it plans. 397 00:22:50,800 --> 00:22:53,919 Speaker 2: It's one of the world's largest owners and retailers of 398 00:22:54,080 --> 00:22:58,480 Speaker 2: sports and premium products, fifteen hundred stores, thirty countries. This 399 00:22:58,520 --> 00:23:01,320 Speaker 2: has got some serious omfits. Started in nineteen eighty two 400 00:23:02,480 --> 00:23:05,399 Speaker 2: in the backyard of a bloke called Mike Ashley. He 401 00:23:05,480 --> 00:23:08,159 Speaker 2: borrowed ten thousand pounds from his parents. Not Newtown like 402 00:23:08,200 --> 00:23:12,280 Speaker 2: Michael's dodgy story. Mine was at least somewhere I don't know, 403 00:23:12,520 --> 00:23:16,879 Speaker 2: global UK. And he started. He's built these incredible business 404 00:23:16,880 --> 00:23:20,400 Speaker 2: phrases and they're taking on Rebel. Now what I'm excited 405 00:23:20,440 --> 00:23:25,640 Speaker 2: there is this being competition into a market where you 406 00:23:25,840 --> 00:23:29,439 Speaker 2: and I spend a lot of money. Why would not 407 00:23:29,560 --> 00:23:34,800 Speaker 2: that not be the best retail story of the week, Adam. 408 00:23:34,880 --> 00:23:38,400 Speaker 1: Isn't there already competition? Isn't there like Doc and those 409 00:23:38,440 --> 00:23:38,880 Speaker 1: other ones? 410 00:23:38,960 --> 00:23:42,800 Speaker 3: Yeah, JD Sports, Decathline, I Rebel. 411 00:23:43,080 --> 00:23:46,880 Speaker 2: But Rebel's the big player in that market very much. 412 00:23:47,800 --> 00:23:50,880 Speaker 3: And you know, having a new competitor in that field's 413 00:23:50,880 --> 00:23:53,359 Speaker 3: got to be a good thing. I wanted to macro forces, right, 414 00:23:53,400 --> 00:23:56,959 Speaker 3: there's more athletic and ath leisure where sure, not just 415 00:23:57,000 --> 00:23:57,880 Speaker 3: our lycra. 416 00:23:58,119 --> 00:24:01,159 Speaker 2: But when I really walk in the morning with Jackie, 417 00:24:01,200 --> 00:24:01,879 Speaker 2: I wear the. 418 00:24:02,040 --> 00:24:05,479 Speaker 3: Like you wear the Liker to bed from what I 419 00:24:05,520 --> 00:24:11,840 Speaker 3: heard him in the studio, whenever possible. So just in 420 00:24:11,920 --> 00:24:15,560 Speaker 3: terms of the scale, I think, Sean, you've got to 421 00:24:15,560 --> 00:24:22,240 Speaker 3: win this one because there's more people, higher spending in 422 00:24:22,280 --> 00:24:26,920 Speaker 3: that category. I think the Gosman he Gomez story is brilliant, 423 00:24:27,359 --> 00:24:29,159 Speaker 3: and the Taco bell is sort of putting up the 424 00:24:29,160 --> 00:24:31,040 Speaker 3: white flag. I wonder if GOSBONI go and just buy 425 00:24:31,040 --> 00:24:33,919 Speaker 3: all the stores, you know, take them well, good venues, 426 00:24:33,960 --> 00:24:36,440 Speaker 3: good shops, good drive through. They are all these twenty 427 00:24:36,480 --> 00:24:43,280 Speaker 3: four hour concepts. So yeah, thank you. Both good stories, 428 00:24:43,400 --> 00:24:46,640 Speaker 3: but I think phrases just has to nudge this one 429 00:24:46,760 --> 00:24:48,320 Speaker 3: for biggest retail story of the week. 430 00:24:48,359 --> 00:24:52,560 Speaker 1: Did I get any points or Bretoe to toe? 431 00:24:53,480 --> 00:24:55,880 Speaker 3: I thought you could have gone further with that. I think, 432 00:24:55,920 --> 00:24:58,520 Speaker 3: you know during the week you used the phrase Mexican 433 00:24:58,640 --> 00:25:00,240 Speaker 3: standoff that was missing. 434 00:25:00,640 --> 00:25:03,560 Speaker 1: Well, I'd already used it. I can't reuse material. 435 00:25:03,440 --> 00:25:06,240 Speaker 3: Marco on top, you know, I think there was other 436 00:25:06,320 --> 00:25:10,160 Speaker 3: opportunities that you could have. You know, really, I've gone 437 00:25:10,160 --> 00:25:13,040 Speaker 3: for it on that one, Michael, So no you didn't. 438 00:25:15,440 --> 00:25:16,600 Speaker 2: Right, Let's move on. 439 00:25:17,280 --> 00:25:21,199 Speaker 1: The rage is building, all right? Our favorite story on 440 00:25:21,200 --> 00:25:24,280 Speaker 1: this very peaceful very happy, very loving, long weekend. 441 00:25:24,760 --> 00:25:25,760 Speaker 2: You go first, Michael. 442 00:25:28,320 --> 00:25:30,160 Speaker 3: It's getting serene now. 443 00:25:30,200 --> 00:25:34,879 Speaker 1: I'm trying to just feel trying to post. Okay, I 444 00:25:35,000 --> 00:25:37,040 Speaker 1: know I did politics. 445 00:25:38,000 --> 00:25:39,399 Speaker 3: Earlier in the show. 446 00:25:39,720 --> 00:25:42,520 Speaker 2: Hold on, you can't do two lots in what go on? 447 00:25:42,960 --> 00:25:45,679 Speaker 3: Eat it? I'm doing it. It's no longer the Taco 448 00:25:45,720 --> 00:25:46,320 Speaker 3: bell story. 449 00:25:47,200 --> 00:25:49,840 Speaker 1: We need to cover a couple of the gaffs from 450 00:25:49,960 --> 00:25:53,600 Speaker 1: the last week, right, because what is an election campaign? 451 00:25:54,680 --> 00:25:57,440 Speaker 3: This is your favorite story of the week. The gaffs. 452 00:25:57,760 --> 00:26:01,480 Speaker 2: Yeah, actually, I'm a bit jealousy. 453 00:26:01,920 --> 00:26:04,480 Speaker 3: Had of course the air kiss. 454 00:26:04,760 --> 00:26:08,359 Speaker 1: Oh god, there wasn't a kiss. 455 00:26:08,000 --> 00:26:10,400 Speaker 2: She was just didn't want to give Anthony Abeze. 456 00:26:11,280 --> 00:26:13,879 Speaker 1: So this was at the Labor Party launch in Perth 457 00:26:13,960 --> 00:26:17,639 Speaker 1: and Tanny Pliversek and Anthony Aberanezi came together, but then 458 00:26:17,680 --> 00:26:19,679 Speaker 1: they didn't quite come together and it was just an 459 00:26:19,720 --> 00:26:22,680 Speaker 1: awkward dodge and like, oh god, bring back social distancing. 460 00:26:22,680 --> 00:26:24,160 Speaker 1: And they could have just waved at each other from 461 00:26:24,160 --> 00:26:27,000 Speaker 1: across the room. It made it look like they're beefing 462 00:26:27,040 --> 00:26:30,760 Speaker 1: about something and they're not necessarily and they shouldn't be 463 00:26:31,040 --> 00:26:34,399 Speaker 1: during an election campaign from the same faction. They should 464 00:26:34,480 --> 00:26:36,920 Speaker 1: be kind of on the same side. And Tanny plivsec 465 00:26:36,960 --> 00:26:39,840 Speaker 1: should be a major asset to the Labor Party right now, 466 00:26:39,840 --> 00:26:42,520 Speaker 1: because she's got very good recognition, she's been around for 467 00:26:42,560 --> 00:26:44,800 Speaker 1: a long time, a very good voice for the party. 468 00:26:45,119 --> 00:26:48,000 Speaker 1: And instead she now looks as though she's on the 469 00:26:48,040 --> 00:26:50,439 Speaker 1: outer with the with the Prime Minister. And it's just 470 00:26:50,520 --> 00:26:54,080 Speaker 1: all very, very awkward, and there's just the images. You 471 00:26:54,160 --> 00:26:56,440 Speaker 1: just watch it and you feel sorry for them both 472 00:26:56,520 --> 00:27:00,760 Speaker 1: being caught up in that. On the other side, don't hold. 473 00:27:00,600 --> 00:27:04,160 Speaker 2: On, hold on what I don't feel sorry for them. 474 00:27:04,359 --> 00:27:09,399 Speaker 2: They're politicians, they're putting themselves out there. This is choreographed. 475 00:27:10,200 --> 00:27:13,920 Speaker 2: Don't actually have them kissing at each other. If that's 476 00:27:13,960 --> 00:27:15,960 Speaker 2: the case, right, if they don't like each other, whatever, 477 00:27:16,000 --> 00:27:18,880 Speaker 2: the fact work it better. 478 00:27:20,000 --> 00:27:21,320 Speaker 3: No, No, that's that's fair. 479 00:27:21,359 --> 00:27:23,280 Speaker 1: But I mean, like, do you really think they would 480 00:27:23,320 --> 00:27:28,840 Speaker 1: actually discuss in advance. I'm going to give you a hug. 481 00:27:30,160 --> 00:27:32,000 Speaker 2: These two haven't been mates for a while. 482 00:27:32,320 --> 00:27:33,480 Speaker 3: Yeah, but they. 483 00:27:35,720 --> 00:27:41,200 Speaker 2: Oh, totally. I'm not disagreeing with that. But anyway, great gaff, 484 00:27:41,200 --> 00:27:41,840 Speaker 2: the good story. 485 00:27:41,920 --> 00:27:43,920 Speaker 1: I feel sorry for them because I would rather get 486 00:27:43,960 --> 00:27:47,080 Speaker 1: caught out on something that's policy related or something along those. 487 00:27:46,880 --> 00:27:50,800 Speaker 3: Lines, not for some awkward little personal thing. It's just. 488 00:27:53,240 --> 00:27:55,040 Speaker 1: No, it would be like if one of them was 489 00:27:55,080 --> 00:27:57,880 Speaker 1: a hugger and one wasn't a hugger. Can you imagine 490 00:27:57,880 --> 00:28:00,720 Speaker 1: that being kind of accosted for a hug when you're 491 00:28:00,760 --> 00:28:01,399 Speaker 1: not a hugger? 492 00:28:01,600 --> 00:28:06,800 Speaker 2: Adam, I could imagine. Go on, what about the opposition? 493 00:28:06,840 --> 00:28:07,600 Speaker 2: Anything from them? 494 00:28:07,920 --> 00:28:12,479 Speaker 1: The Opposition had its own gaff Peter Dutton using his 495 00:28:12,480 --> 00:28:15,840 Speaker 1: twenty year old son to talk about housing unaffordability, which 496 00:28:15,880 --> 00:28:18,160 Speaker 1: makes sense. He's a twenty year old and what twenty 497 00:28:18,240 --> 00:28:19,679 Speaker 1: year old can afford to buy a house? Right, so 498 00:28:19,760 --> 00:28:21,200 Speaker 1: you think, okay, we've got a twenty year old, you 499 00:28:21,240 --> 00:28:24,000 Speaker 1: can wheel him out. It's going to be okay. It 500 00:28:24,080 --> 00:28:26,520 Speaker 1: might have been a misstep and it's probably one that 501 00:28:26,560 --> 00:28:29,959 Speaker 1: should have occurred to Peter Dutton and his team when 502 00:28:30,000 --> 00:28:32,600 Speaker 1: the Opposition leader himself has bought and sold something like 503 00:28:32,680 --> 00:28:36,600 Speaker 1: thirty million dollars worth of property over the last few decades. Right, 504 00:28:37,200 --> 00:28:39,120 Speaker 1: would the Bank of Mum and Dad be helping? Of 505 00:28:39,240 --> 00:28:41,800 Speaker 1: course somebody was going to ask that, and he had 506 00:28:41,800 --> 00:28:44,720 Speaker 1: to dodge and dodge and dodge until he finally confirmed 507 00:28:44,760 --> 00:28:47,120 Speaker 1: us it the next day that yes, yes, the Bank 508 00:28:47,160 --> 00:28:49,600 Speaker 1: of Mom and Dad will be helping his twenty year 509 00:28:49,600 --> 00:28:51,800 Speaker 1: old son to get into the property market, and of 510 00:28:51,960 --> 00:28:53,960 Speaker 1: course you would help. If you're in that position and 511 00:28:54,000 --> 00:28:55,920 Speaker 1: able to help, you'd be mad not to. That was 512 00:28:55,960 --> 00:29:00,520 Speaker 1: an absolute own goal right by Peter Dutton, by the Liberals. 513 00:29:00,560 --> 00:29:02,440 Speaker 1: We just had these gaffs, and there are like other 514 00:29:02,520 --> 00:29:04,760 Speaker 1: little ones that popped up throughout the place, Like you 515 00:29:04,800 --> 00:29:08,280 Speaker 1: could argue that the whole yes, and you could argue 516 00:29:08,280 --> 00:29:10,240 Speaker 1: that the whole kind of Russian jets thing was a 517 00:29:10,280 --> 00:29:11,680 Speaker 1: bit of a gaff as well. But if we're just 518 00:29:11,680 --> 00:29:13,840 Speaker 1: to pick out the two best ones, it's the air 519 00:29:13,960 --> 00:29:17,040 Speaker 1: kiss and it is the bank of Mum and Dad 520 00:29:17,320 --> 00:29:22,600 Speaker 1: and Peter Dutton's son. It's probably surprising that we are 521 00:29:22,640 --> 00:29:25,160 Speaker 1: into week three of the campaign before the gaffs really 522 00:29:25,200 --> 00:29:27,680 Speaker 1: started happening. Usually they're right from the start, right, we 523 00:29:27,680 --> 00:29:30,280 Speaker 1: did have Anthony Albinezi falling off a stage, I suppose 524 00:29:30,680 --> 00:29:31,880 Speaker 1: last week that was good. 525 00:29:31,720 --> 00:29:34,360 Speaker 2: And we had we had the ball in the face 526 00:29:34,480 --> 00:29:35,560 Speaker 2: or something or other than Peter. 527 00:29:35,440 --> 00:29:41,240 Speaker 1: Dutton Peter cameraman bleed from the face. That's right, Okay, 528 00:29:41,360 --> 00:29:43,120 Speaker 1: I take that back. There have been gaffs, but this 529 00:29:43,200 --> 00:29:44,120 Speaker 1: was a good week for them. 530 00:29:45,800 --> 00:29:49,320 Speaker 2: Well, it is easter, isn't it. It's my favorite story 531 00:29:51,240 --> 00:29:53,520 Speaker 2: was some fun facts about Easter. And that's fair because 532 00:29:53,520 --> 00:29:58,240 Speaker 2: before the show Adam was talking about a wasaskol wabbit. 533 00:29:59,600 --> 00:30:03,600 Speaker 2: Maybe you do that in your voice again. That's it, 534 00:30:04,160 --> 00:30:08,320 Speaker 2: that's it. Anyone of Adam's generation understands that the interesting 535 00:30:08,360 --> 00:30:11,280 Speaker 2: thing about Easter is that it's all about kind of resurrection. 536 00:30:11,360 --> 00:30:13,240 Speaker 2: So if you're a Christian, it's the resurrection of Christ. 537 00:30:14,120 --> 00:30:16,960 Speaker 2: But mostly it's about rebirths. So you know, chocolate eggs, 538 00:30:17,320 --> 00:30:20,920 Speaker 2: any idea, Adam, what they symbolize or eggs is a 539 00:30:21,080 --> 00:30:24,959 Speaker 2: symbol of new life, fertility like it, good Easter, bunny, 540 00:30:25,240 --> 00:30:26,200 Speaker 2: what's that symbolized? 541 00:30:26,400 --> 00:30:29,480 Speaker 3: Okay, well so I did I did know bits about 542 00:30:29,480 --> 00:30:32,760 Speaker 3: this one. But I loved your story, Sean, because this 543 00:30:32,840 --> 00:30:37,640 Speaker 3: came from you. The German pagan tradition of the well 544 00:30:37,680 --> 00:30:41,080 Speaker 3: the hair, yes, symbol of fertility in your life. 545 00:30:41,720 --> 00:30:46,320 Speaker 2: Yes, that's right. The word Easter that comes to mean 546 00:30:46,320 --> 00:30:49,200 Speaker 2: thats nothing to do with Christianity is an Anglo Saxon 547 00:30:49,240 --> 00:30:56,800 Speaker 2: goddess Eostra eos tres, a fertility goddess. It does. I mean, 548 00:30:57,920 --> 00:31:01,160 Speaker 2: these are interesting facts why we actually have these traditions 549 00:31:01,200 --> 00:31:04,240 Speaker 2: and basically mostly their pagan that have been somehow morphed 550 00:31:04,240 --> 00:31:07,840 Speaker 2: into Christianity and we have what we're doing tomorrow with 551 00:31:08,160 --> 00:31:11,400 Speaker 2: Easter eggs and kids and stuff like that. That's very cool, Cholo, 552 00:31:11,920 --> 00:31:14,200 Speaker 2: I love the idea. The biggest Easter hed made was 553 00:31:14,200 --> 00:31:17,680 Speaker 2: actually from aluminium, not chocolate, five thousand pounds Alberta, Canada. 554 00:31:18,000 --> 00:31:22,280 Speaker 2: Most expensive probably the one sold at a Christie's auction 555 00:31:22,400 --> 00:31:25,120 Speaker 2: in London two thousand and seven, made by the man himself, 556 00:31:25,200 --> 00:31:28,640 Speaker 2: Carl Faberget in nine oh two in Saint Petersburg. The 557 00:31:28,880 --> 00:31:33,520 Speaker 2: enameled deck contains a multicolored cockrel which at every hour 558 00:31:33,720 --> 00:31:35,880 Speaker 2: pops out of the egg and flaps his wings before 559 00:31:36,000 --> 00:31:38,880 Speaker 2: nodding his head three times. No idea about the relevance 560 00:31:38,920 --> 00:31:40,920 Speaker 2: of that, just I think it was cool. There's these 561 00:31:40,960 --> 00:31:44,320 Speaker 2: little facts about Easter. My favorite story over to you, Adam. 562 00:31:45,400 --> 00:31:46,160 Speaker 3: Very difficult? 563 00:31:47,200 --> 00:31:51,320 Speaker 2: Is this working with Michael is difficult? 564 00:31:52,520 --> 00:31:56,800 Speaker 3: Adam? Please be honest here, is this a difficult one 565 00:31:56,920 --> 00:31:57,160 Speaker 3: for you? 566 00:31:57,520 --> 00:32:01,120 Speaker 1: A story that actually took place this year, or a 567 00:32:01,240 --> 00:32:05,040 Speaker 1: tradition that has been in place for hundreds of about 568 00:32:05,120 --> 00:32:06,080 Speaker 1: two thousand. 569 00:32:05,800 --> 00:32:09,440 Speaker 2: Which we're well more than I think, which we're celebrating 570 00:32:10,520 --> 00:32:16,320 Speaker 2: right now, right now, Come on screen, Michael Wins. That 571 00:32:16,600 --> 00:32:18,360 Speaker 2: is a major problem without judging. 572 00:32:20,800 --> 00:32:22,080 Speaker 3: Sometimes he gets it right. 573 00:32:23,520 --> 00:32:25,520 Speaker 2: I think I think I'm with Stevid. Could cool us. 574 00:32:29,480 --> 00:32:33,680 Speaker 3: So on the story account to all? Okay, give us 575 00:32:33,720 --> 00:32:37,760 Speaker 3: the points. I was savage this week. I've been harsh 576 00:32:37,800 --> 00:32:44,080 Speaker 3: on you both, Michael seventy six points? You have been harsh? 577 00:32:44,560 --> 00:32:49,719 Speaker 3: Which one? Sorry, just tell us that Sean eighty points? 578 00:32:51,920 --> 00:32:54,800 Speaker 2: Which one? Did Michael really bomb out on? Well? 579 00:32:54,960 --> 00:33:00,440 Speaker 3: You both the favorite stories for both were pretty thin thought, 580 00:33:00,720 --> 00:33:04,120 Speaker 3: but politics just got ahead because it was this week's gas. 581 00:33:04,400 --> 00:33:06,480 Speaker 2: Well, Adam, you put together a bunch of you put 582 00:33:06,520 --> 00:33:11,040 Speaker 2: together a bunch of stories, but nothing's happening, right thing? Yeah, 583 00:33:11,680 --> 00:33:16,040 Speaker 2: Rich from the judge. Okay, I'm I'm judging next week. 584 00:33:16,360 --> 00:33:17,560 Speaker 2: That's it. I'm done. 585 00:33:17,960 --> 00:33:19,080 Speaker 3: Yeah, judge the judge. 586 00:33:19,400 --> 00:33:21,480 Speaker 2: I haven't ever been a judge before. Can't be judge 587 00:33:21,520 --> 00:33:23,800 Speaker 2: next week? Michael Adam. 588 00:33:24,320 --> 00:33:29,360 Speaker 3: Yeah, Well, I don't know that anyone wins if you're judge. 589 00:33:30,000 --> 00:33:31,680 Speaker 2: I love I love you both the same. 590 00:33:33,360 --> 00:33:33,960 Speaker 3: What story? 591 00:33:34,320 --> 00:33:36,520 Speaker 1: Just just very quickly, Adam, we need to wrap this up. 592 00:33:36,560 --> 00:33:37,800 Speaker 1: What story did I bomb out on? 593 00:33:38,320 --> 00:33:38,520 Speaker 2: Well? 594 00:33:38,920 --> 00:33:43,480 Speaker 3: You're kind of mediocrity through all of them, but political 595 00:33:44,160 --> 00:33:47,000 Speaker 3: political gaffs was the worst. 596 00:33:48,320 --> 00:33:50,800 Speaker 2: Because it just didn't you win that he did. 597 00:33:51,320 --> 00:33:53,200 Speaker 3: Yours was worse because there was none of it was 598 00:33:53,240 --> 00:33:55,840 Speaker 3: from this week. None of it was news. This is 599 00:33:55,880 --> 00:33:57,520 Speaker 3: a business news podcast. 600 00:33:58,360 --> 00:34:02,800 Speaker 2: Okay, I'm judging next week, Michael. Go into next week 601 00:34:02,880 --> 00:34:05,000 Speaker 2: with extreme confidence, with spirit. 602 00:34:06,400 --> 00:34:10,480 Speaker 3: Yes, yes, I'm phoning this next week. Why don't you 603 00:34:10,600 --> 00:34:14,480 Speaker 3: just phoned in now, Sean, we know what the outcome. No, 604 00:34:14,680 --> 00:34:16,759 Speaker 3: this is good, all right. I love a little bit 605 00:34:16,760 --> 00:34:20,840 Speaker 3: of animosity at Easter. Thank you very much, Adam, Thank you, Michael, 606 00:34:20,840 --> 00:34:22,440 Speaker 3: Thank you Sean, and happy East everyone. 607 00:34:22,600 --> 00:34:24,960 Speaker 2: Thank you, Sean, Thanks Adam, thank you, Michael. 608 00:34:25,080 --> 00:34:28,760 Speaker 1: Make sure you following the podcast. Join us online on LinkedIn, Instagram, TikTok, Facebook, 609 00:34:28,800 --> 00:34:29,160 Speaker 1: and X. 610 00:34:29,239 --> 00:34:31,480 Speaker 3: I'm Michael Thompson. And that was fear and greed. Have 611 00:34:31,600 --> 00:34:32,240 Speaker 3: a great weekend.