1 00:00:06,360 --> 00:00:09,320 Speaker 1: Welcome to Fear and Greed business news you can use today. 2 00:00:09,400 --> 00:00:13,600 Speaker 1: The Federal government considers changing key policies, including higher taxation 3 00:00:13,840 --> 00:00:17,479 Speaker 1: of high superannuation balances. The Middle East takes a large 4 00:00:17,520 --> 00:00:20,920 Speaker 1: step towards peace with a deal to release all remaining 5 00:00:20,920 --> 00:00:25,200 Speaker 1: hostages in Gaza, and the Australian University's climb, the global 6 00:00:25,320 --> 00:00:29,040 Speaker 1: rankings plus Donald Trump's polling numbers slide, and the value 7 00:00:29,040 --> 00:00:32,720 Speaker 1: of Pokemon cards hit a record high. It's Friday, the 8 00:00:32,760 --> 00:00:35,960 Speaker 1: tenth of October twenty twenty five. I'm Adam Lang and 9 00:00:36,040 --> 00:00:37,400 Speaker 1: good morning Sean Almer. 10 00:00:37,600 --> 00:00:39,520 Speaker 2: Good morning Adam, Sean. 11 00:00:39,640 --> 00:00:42,919 Speaker 1: The main story this morning, the Federal government is clearly 12 00:00:43,159 --> 00:00:47,559 Speaker 1: considering changes to key policies, including its delayed legislation to 13 00:00:47,640 --> 00:00:50,600 Speaker 1: increase taxes on high superannuation balances. 14 00:00:51,120 --> 00:00:55,280 Speaker 2: That piece of policy the government has fought for really hard, 15 00:00:55,360 --> 00:00:59,600 Speaker 2: despite plenty of criticism. It emerged yesterday the Federal Treasury 16 00:00:59,720 --> 00:01:02,920 Speaker 2: is considering changes to the proposal, which is set to 17 00:01:02,920 --> 00:01:06,679 Speaker 2: impose a new tax on superbalances above three million dollars. 18 00:01:07,000 --> 00:01:10,800 Speaker 2: Appearing before a Senate Estimates hearing, Diane Brown, the Deputy 19 00:01:10,840 --> 00:01:13,640 Speaker 2: Secretary of the Revenue Division, also revealed that the Prime 20 00:01:13,640 --> 00:01:17,560 Speaker 2: Minister's office had taken interest in the legislation, which is 21 00:01:17,600 --> 00:01:20,280 Speaker 2: supposed to be the purview of treasure Jim Chalmers. MS 22 00:01:20,440 --> 00:01:23,440 Speaker 2: Brown would not divulge the details of the conversations, although 23 00:01:23,440 --> 00:01:26,560 Speaker 2: it did say that they are about concessions and concerns 24 00:01:26,840 --> 00:01:30,040 Speaker 2: that stakeholders have raised, according to the Finn Review. Early 25 00:01:30,120 --> 00:01:32,640 Speaker 2: last month, the Albanezi government hit pause and plans to 26 00:01:32,680 --> 00:01:36,520 Speaker 2: impose an extra fifteen percent tax on superbalances above three 27 00:01:36,560 --> 00:01:39,840 Speaker 2: million dollars. The chief criticisms of the bill are that 28 00:01:39,880 --> 00:01:42,280 Speaker 2: the three million dollars is not indexed and that the 29 00:01:42,319 --> 00:01:46,000 Speaker 2: tax will apply to unrealized gains on properties, farms, businesses 30 00:01:46,480 --> 00:01:49,320 Speaker 2: other illiquid assets held in self managed funds. 31 00:01:50,080 --> 00:01:54,040 Speaker 1: Treasury is also in discussions with the government about reviewing 32 00:01:54,080 --> 00:01:58,440 Speaker 1: the annual superannuation performance test, which the industry claims has 33 00:01:58,520 --> 00:02:03,200 Speaker 1: limited its ability to back innovative startups or nationally significant 34 00:02:03,280 --> 00:02:04,520 Speaker 1: projects like housing. 35 00:02:05,400 --> 00:02:09,640 Speaker 2: The pointy headed main story today, no doubt, Adam. 36 00:02:09,400 --> 00:02:11,400 Speaker 1: I'm sure you're in my domain surance. 37 00:02:11,480 --> 00:02:15,440 Speaker 2: Yeah, we're talking about reform. This is really significant. So 38 00:02:15,520 --> 00:02:19,600 Speaker 2: the idea behind the Opera ranking of funds was that 39 00:02:19,639 --> 00:02:22,800 Speaker 2: it would weed out underperforming funds and cut fees so 40 00:02:23,240 --> 00:02:26,800 Speaker 2: you know all good intentions. Opera ranks funds based on 41 00:02:26,880 --> 00:02:29,959 Speaker 2: the yearly and long term returns of their investments, net 42 00:02:30,080 --> 00:02:33,919 Speaker 2: of fees, and against the benchmark created by it by 43 00:02:33,960 --> 00:02:37,120 Speaker 2: the regulator itself. If a fund continues to underform, the 44 00:02:37,120 --> 00:02:39,600 Speaker 2: consequences are pretty severe. In the first instance, it's got 45 00:02:39,600 --> 00:02:43,320 Speaker 2: a right to member saying, hey, we're producing subpar returns. 46 00:02:43,560 --> 00:02:46,359 Speaker 2: In the second instance, it can't take new members, right, 47 00:02:46,400 --> 00:02:51,080 Speaker 2: So all that sort of makes sense in theory. What's 48 00:02:51,160 --> 00:02:55,079 Speaker 2: actually happened to some extent is that funds have become 49 00:02:55,280 --> 00:02:59,839 Speaker 2: really conservative. They've sort of hindered creative investing because they're 50 00:02:59,840 --> 00:03:03,840 Speaker 2: all fear under performance. You underperform one year, for example, 51 00:03:04,040 --> 00:03:06,919 Speaker 2: pushes your rankings down. You're in all sorts of trouble. 52 00:03:07,160 --> 00:03:12,200 Speaker 2: It's basically encouraged funds to passively track share market indices 53 00:03:12,840 --> 00:03:16,239 Speaker 2: rather than actively allocate capital to assets that take sort 54 00:03:16,240 --> 00:03:18,440 Speaker 2: of longer time to provide a return. So it might 55 00:03:18,520 --> 00:03:20,440 Speaker 2: be a startup. You can't invest in the startup if 56 00:03:20,480 --> 00:03:22,320 Speaker 2: you're a super fund because that might be five years 57 00:03:22,320 --> 00:03:25,240 Speaker 2: before you get a good return, or biotechs or private 58 00:03:25,280 --> 00:03:28,400 Speaker 2: companies that type of thing. So yesterday's Senate estimates heard 59 00:03:28,440 --> 00:03:31,360 Speaker 2: that officials were in talks with the government about the 60 00:03:31,400 --> 00:03:34,760 Speaker 2: form of a review after I mean Jim Charms did 61 00:03:34,800 --> 00:03:38,800 Speaker 2: mention this in August, but to review that particular plan, 62 00:03:39,200 --> 00:03:41,120 Speaker 2: it would be a very significant change for the super 63 00:03:41,160 --> 00:03:44,440 Speaker 2: industry if that happens, with potential flow on effects for 64 00:03:44,520 --> 00:03:48,840 Speaker 2: investing in kind of more alternative assets. Did you enjoy that, 65 00:03:48,880 --> 00:03:49,400 Speaker 2: Adam or not. 66 00:03:49,640 --> 00:03:52,360 Speaker 1: Yeah, it took me back to almost biblical lessons on 67 00:03:52,400 --> 00:03:54,600 Speaker 1: the road to Hell is paved with good intentions. 68 00:03:54,880 --> 00:03:58,360 Speaker 2: That's nice. I wonder whether that came out and sent 69 00:03:58,400 --> 00:04:01,280 Speaker 2: it estallence yesterday. Probably not. 70 00:04:01,800 --> 00:04:06,040 Speaker 1: Let's move on. Israel and Hamas have officially signed a 71 00:04:06,240 --> 00:04:10,120 Speaker 1: ceasefire deal in Egypt after US President Donald Trump announced 72 00:04:10,160 --> 00:04:12,360 Speaker 1: the two sides had agreed to the deal that would 73 00:04:12,400 --> 00:04:15,880 Speaker 1: release all Israeli hostages in the first step towards what 74 00:04:16,000 --> 00:04:19,880 Speaker 1: he called a strong, durable, and everlasting peace. 75 00:04:20,520 --> 00:04:23,839 Speaker 2: According to the agreement, Israel will remain in fifty three 76 00:04:23,880 --> 00:04:26,359 Speaker 2: percent of the Gaza strip until the last of the 77 00:04:26,360 --> 00:04:30,640 Speaker 2: hostages is released. That's according to Israel's Channel twelve. The 78 00:04:30,680 --> 00:04:33,440 Speaker 2: surviving hostages will be freed over the weekend, with the 79 00:04:33,440 --> 00:04:35,720 Speaker 2: dead hostages handed over on Monday. That are believed to 80 00:04:35,760 --> 00:04:38,640 Speaker 2: be forty eight hostages, twenty of whom are still alive. 81 00:04:39,080 --> 00:04:41,839 Speaker 2: As happened in the last ceasefire, six hundred eight trucks 82 00:04:41,839 --> 00:04:45,159 Speaker 2: a day will also be allowed into Gaza Hamas early confirmed, 83 00:04:45,160 --> 00:04:47,160 Speaker 2: a broad deal had been reached to end the war, 84 00:04:47,440 --> 00:04:51,800 Speaker 2: allow more humanitarian aid, and facilitate a prisoner exchange. The 85 00:04:51,880 --> 00:04:55,040 Speaker 2: agreement marks a significant breakthrough in Trump's renewed push to 86 00:04:55,200 --> 00:04:57,479 Speaker 2: end the conflict, which has killed tens of thousands of 87 00:04:57,480 --> 00:05:00,600 Speaker 2: people and triggered a wave of conflict across the region. 88 00:05:01,160 --> 00:05:04,080 Speaker 2: Israeli Prime Minister Benjamin Netta, who said he would convene 89 00:05:04,160 --> 00:05:07,200 Speaker 2: his government overnight to approve the agreement and bring all 90 00:05:07,240 --> 00:05:10,640 Speaker 2: our beloved hostages home. Prime Minister Anthony Alberinezi and Foreign 91 00:05:10,640 --> 00:05:14,200 Speaker 2: Minster Penny Wong both welcomed Israel and Tamas's moves to 92 00:05:14,240 --> 00:05:17,000 Speaker 2: sign off on the first phase of the gas at 93 00:05:17,080 --> 00:05:17,560 Speaker 2: Peace plan. 94 00:05:17,760 --> 00:05:21,599 Speaker 1: Fingers crossed, Yeah, Sean, let's hope that's some great news 95 00:05:21,640 --> 00:05:25,000 Speaker 1: on one of the great conflicts of our lifetimes. Amongst that, 96 00:05:25,600 --> 00:05:27,680 Speaker 1: how did the ASEX perform yesterday? 97 00:05:28,240 --> 00:05:31,000 Speaker 2: There's in PASEX two hundred closed up a quarter of percent, 98 00:05:31,120 --> 00:05:34,120 Speaker 2: Adam to eighty nine hundred and seventy points. Materials for 99 00:05:34,200 --> 00:05:37,400 Speaker 2: the best performing sector, Banks and tech not so good. 100 00:05:37,720 --> 00:05:40,039 Speaker 2: Copper miners did well, with a red metal hitting a 101 00:05:40,040 --> 00:05:43,000 Speaker 2: sixteen month high yesterday. BHP and RIO are both rallied 102 00:05:43,000 --> 00:05:45,919 Speaker 2: on the news. Lithium miners also did pretty well. Gold 103 00:05:45,920 --> 00:05:49,520 Speaker 2: and silver miners not so much about of profit taking 104 00:05:49,560 --> 00:05:50,880 Speaker 2: in those sectors. 105 00:05:50,760 --> 00:05:53,880 Speaker 1: And finishing the market section on a slightly less obvious 106 00:05:53,920 --> 00:05:57,840 Speaker 1: asset class Sean. Pokemon cards are back if they have left, 107 00:05:57,880 --> 00:06:02,480 Speaker 1: with some Mint cards having appreciated three thousand percent since 108 00:06:02,520 --> 00:06:06,320 Speaker 1: two thousand and four, strangely enough, much better than equities. 109 00:06:06,800 --> 00:06:09,080 Speaker 2: Indeed, the card that you might have bought in a 110 00:06:09,160 --> 00:06:10,920 Speaker 2: pack for five bucks twenty years ago. 111 00:06:11,120 --> 00:06:16,000 Speaker 1: Sure, let me be honest, I didn't, Adam. Can we 112 00:06:16,040 --> 00:06:16,520 Speaker 1: just go with it? 113 00:06:16,600 --> 00:06:21,520 Speaker 2: Stop blocking? Right? Neither did? It's not all Michael Thompson 114 00:06:21,600 --> 00:06:25,200 Speaker 2: might have. Let's be honest. Yeah, probably that five dollars 115 00:06:25,560 --> 00:06:28,880 Speaker 2: card could be one of your great investments. According to 116 00:06:28,920 --> 00:06:32,360 Speaker 2: stories on US network, CBS and the Wall Street Journal, 117 00:06:32,720 --> 00:06:35,320 Speaker 2: Pokemon cards, if you don't know about them, there were 118 00:06:35,320 --> 00:06:37,920 Speaker 2: a game that people play and compete within tournaments, but 119 00:06:37,960 --> 00:06:41,160 Speaker 2: the money actually comes from collecting the cards. COVID was 120 00:06:41,200 --> 00:06:43,520 Speaker 2: really good to Pokemon. At the beginning of the pandemic, 121 00:06:43,760 --> 00:06:46,200 Speaker 2: they were pretty much at their lowest value. End of 122 00:06:46,200 --> 00:06:49,360 Speaker 2: the pandemic, they are at their highest value. Buyers grade 123 00:06:49,360 --> 00:06:51,440 Speaker 2: cards on their condition. Typically they're on a one to 124 00:06:51,480 --> 00:06:55,680 Speaker 2: ten scale. A mint condition ten grade fetches the most money. 125 00:06:55,800 --> 00:06:58,760 Speaker 2: Very few of those plenty of grade threes or fours, 126 00:06:59,120 --> 00:07:02,360 Speaker 2: of course. In twenty twenty, youtubeer Logan Paul famously purchased 127 00:07:02,400 --> 00:07:06,320 Speaker 2: a Pokemon card from another collector for one hundred and 128 00:07:06,320 --> 00:07:11,120 Speaker 2: fifty thousand dollars, highest paid card ever. It was a 129 00:07:11,240 --> 00:07:14,760 Speaker 2: ten grade first edition Charryzard and I'm sorry for all 130 00:07:14,800 --> 00:07:16,800 Speaker 2: you Pokemon lovers if I'm not saying the right word. 131 00:07:16,920 --> 00:07:21,280 Speaker 2: Charryzard considered the holy grail of Pokemon cards. The most 132 00:07:21,320 --> 00:07:25,880 Speaker 2: expensive cards have a holographic foil on artwork that makes 133 00:07:25,920 --> 00:07:28,880 Speaker 2: them shiny and attractive. Literally. There have been stories of 134 00:07:28,880 --> 00:07:31,360 Speaker 2: collectors selling these holographic cards and being able to make 135 00:07:31,360 --> 00:07:36,960 Speaker 2: a deposit on a home. Anyway, Pokemon cards value at a. 136 00:07:36,880 --> 00:07:40,440 Speaker 1: Record Sean, can you believe it that Michael Thompson is 137 00:07:40,440 --> 00:07:43,680 Speaker 1: on leave when we're talking about a Charhizard card? 138 00:07:43,880 --> 00:07:47,200 Speaker 2: Yeah, I think it's probably appropriate because otherwise this shell 139 00:07:47,240 --> 00:07:50,560 Speaker 2: would go for an extra fifteen minutes. You know all 140 00:07:50,600 --> 00:07:55,119 Speaker 2: I'm saying, forget gold, forget copper, forget silver and Pokemon cards. 141 00:07:55,280 --> 00:07:57,280 Speaker 1: Come on, We'll be back in a moment with the 142 00:07:57,320 --> 00:08:07,320 Speaker 1: rest of the day's business news. Mexican themed fast food 143 00:08:07,360 --> 00:08:11,080 Speaker 1: chain Goosman Egomes has reported a nineteen percent jump in 144 00:08:11,200 --> 00:08:14,480 Speaker 1: sales during the September quarter and will turn one hundred 145 00:08:14,600 --> 00:08:17,680 Speaker 1: million dollars to shareholders through an on market buyback. 146 00:08:18,080 --> 00:08:20,440 Speaker 2: Gusman said sales hit three hundred and thirty one million 147 00:08:20,480 --> 00:08:23,280 Speaker 2: dollars for the first quarter of the financial year, driven 148 00:08:23,320 --> 00:08:27,480 Speaker 2: by growth in Australia and its emerging US business, comparable 149 00:08:27,520 --> 00:08:30,600 Speaker 2: sales for about four percent. The updates an improvement from 150 00:08:30,640 --> 00:08:33,640 Speaker 2: its earlier upgrades, though still not at the level of 151 00:08:33,760 --> 00:08:37,480 Speaker 2: previous expectations. During the September quarter, the company opened five 152 00:08:37,559 --> 00:08:40,040 Speaker 2: new restaurants, three in Australia, one in Singapore, and one 153 00:08:40,040 --> 00:08:42,240 Speaker 2: in the US, bringing its total stores to two hundred 154 00:08:42,240 --> 00:08:46,680 Speaker 2: and sixty one. The announced one hundred million dollar share 155 00:08:46,720 --> 00:08:50,720 Speaker 2: buyback will be conducted over a twelve month period. Goosman's 156 00:08:50,720 --> 00:08:54,280 Speaker 2: shares were up yesterday, down about one third over the 157 00:08:54,320 --> 00:08:54,880 Speaker 2: past year. 158 00:08:55,400 --> 00:08:58,960 Speaker 1: Sean in the entire September quarter. Have you bought any 159 00:08:59,000 --> 00:09:00,880 Speaker 1: Guzman and Gomez in Australia? 160 00:09:05,000 --> 00:09:07,520 Speaker 2: Personally, I'm sure my children would have I'm sure my kids. 161 00:09:07,960 --> 00:09:11,120 Speaker 1: Good point, and thank you and the family for supporting 162 00:09:11,200 --> 00:09:14,040 Speaker 1: the economy. If you want to follow the money, then 163 00:09:14,120 --> 00:09:16,880 Speaker 1: watching where the big super funds are investing is not 164 00:09:17,080 --> 00:09:21,800 Speaker 1: a bad start. Australia's largest superannuation fund, Australian Super, has 165 00:09:21,840 --> 00:09:25,360 Speaker 1: been buying up Telstra and Health Insuran Medibank and dumping 166 00:09:25,480 --> 00:09:27,240 Speaker 1: CSL and Woolworth. 167 00:09:27,000 --> 00:09:29,760 Speaker 2: Osie Super manages almost four hundred billion dollars for three 168 00:09:29,800 --> 00:09:32,680 Speaker 2: and a half million members, and it's twice a year 169 00:09:32,720 --> 00:09:36,320 Speaker 2: snapshot of what it owns shows the shifts in its portfolio. 170 00:09:36,320 --> 00:09:38,840 Speaker 2: I mean, of course, I suppose on that basis, rather 171 00:09:38,880 --> 00:09:41,079 Speaker 2: than following the money, investor might be chasing the money 172 00:09:41,120 --> 00:09:43,880 Speaker 2: in this case, because I was Super made these changes 173 00:09:43,920 --> 00:09:46,480 Speaker 2: in the first half of twenty twenty five. The superannuation 174 00:09:46,600 --> 00:09:49,720 Speaker 2: fund's most popular balanced portfolio, which covers about two hundred 175 00:09:49,720 --> 00:09:52,760 Speaker 2: and fifty billion dollars in retirement savings, bought two hundred 176 00:09:52,760 --> 00:09:55,760 Speaker 2: million shares in Telstra in the first six months of 177 00:09:55,760 --> 00:09:58,160 Speaker 2: the year, means it owns about a billion dollars worth 178 00:09:58,160 --> 00:10:00,920 Speaker 2: of Telstra shares the end of last year was just 179 00:10:01,000 --> 00:10:03,920 Speaker 2: eighty millions, so they've gone heavy into telstraum Oz super 180 00:10:04,120 --> 00:10:07,840 Speaker 2: is also significantly upping it's exposed to health insurance Medibank. 181 00:10:08,200 --> 00:10:11,000 Speaker 2: The super fund now owns about eight percent of the 182 00:10:11,040 --> 00:10:15,800 Speaker 2: insurance provider. The funds that balanced portfolio trimmed about ten 183 00:10:15,840 --> 00:10:19,280 Speaker 2: percent of its steak in CSL, apparently worried about the 184 00:10:19,360 --> 00:10:21,640 Speaker 2: uncertain outlook for the business. Probably been a good investment 185 00:10:21,720 --> 00:10:24,560 Speaker 2: that one. This one as well, also wound back its 186 00:10:24,640 --> 00:10:27,679 Speaker 2: exposure to Woolworths, offloading about a third of its forty 187 00:10:27,679 --> 00:10:31,600 Speaker 2: five million share stake held in the balanced to fund. 188 00:10:31,800 --> 00:10:34,040 Speaker 2: The new data also shows a balanced fund cut at 189 00:10:34,080 --> 00:10:39,320 Speaker 2: stakes in IDP Education and wise Tech Global in the ladder, 190 00:10:39,600 --> 00:10:43,840 Speaker 2: offloading about five hundred million dollars in shares. Now, of 191 00:10:43,880 --> 00:10:46,560 Speaker 2: course we're not an investing podcast, and this all happens 192 00:10:47,240 --> 00:10:49,600 Speaker 2: the first half of the year, so don't go rushing 193 00:10:50,400 --> 00:10:52,760 Speaker 2: to do any of this. Actually speak to a financial advisor. 194 00:10:53,040 --> 00:10:56,720 Speaker 1: Yeah, get good advice that's appropriate for you. Sean earlier, 195 00:10:56,760 --> 00:10:59,280 Speaker 1: we were speaking of Woolworths and there is a growing 196 00:10:59,360 --> 00:11:04,200 Speaker 1: disparatey between the two big supermarkets Woolies and Coals, with 197 00:11:04,280 --> 00:11:06,680 Speaker 1: the former's share price training at a six year low 198 00:11:06,880 --> 00:11:10,800 Speaker 1: and the latter not far off an all time high. 199 00:11:11,440 --> 00:11:13,840 Speaker 2: It's not one of the surprising share market stories of 200 00:11:13,880 --> 00:11:17,079 Speaker 2: twenty twenty five, with Coals forever the number two supermarket 201 00:11:17,200 --> 00:11:22,400 Speaker 2: change now almost on par with Woolies in market capitalization terms. 202 00:11:22,640 --> 00:11:24,760 Speaker 2: Coals up nearly thirty percent in the past year. Woollies 203 00:11:24,840 --> 00:11:27,600 Speaker 2: is down more than twenty percent. What it does show 204 00:11:29,400 --> 00:11:33,520 Speaker 2: not all defensive investments are the same. So you know, 205 00:11:33,800 --> 00:11:38,800 Speaker 2: people say buy a defensive stock wools and Coals, for example, But. 206 00:11:38,720 --> 00:11:41,960 Speaker 1: Once offensive is in the eye of the beholder, right. 207 00:11:41,840 --> 00:11:44,360 Speaker 2: Yeah, yeah, well, well, in the performance of the stock, 208 00:11:44,400 --> 00:11:48,600 Speaker 2: probably it's And mostly this is a story about Wool's 209 00:11:48,640 --> 00:11:52,439 Speaker 2: underperformance with a little bit of Coals over performance. Investors 210 00:11:52,480 --> 00:11:55,560 Speaker 2: didn't like its FY twenty twenty five results and on 211 00:11:55,600 --> 00:11:57,920 Speaker 2: the day of the announcement it fell fifteen percent. Not 212 00:11:57,960 --> 00:12:00,079 Speaker 2: only has it not recovered, it's actually gotten worse. The 213 00:12:00,120 --> 00:12:02,800 Speaker 2: red flags for investors comes from the Australian food segment, 214 00:12:03,080 --> 00:12:05,679 Speaker 2: which generates most of the earnings. Compare that to Coals. 215 00:12:05,679 --> 00:12:09,079 Speaker 2: It beats market expectations, or did for both net profit 216 00:12:09,120 --> 00:12:13,840 Speaker 2: and dividends stronger than expected. Trading update. It did really well, 217 00:12:13,840 --> 00:12:18,720 Speaker 2: but it's probably the story thus far this year is 218 00:12:18,920 --> 00:12:22,960 Speaker 2: just the disparity between coals and woolies, which theoretically are 219 00:12:23,000 --> 00:12:24,120 Speaker 2: both defensive stocks. 220 00:12:24,640 --> 00:12:29,360 Speaker 1: Sean turning to education, one of our biggest earnings exports, 221 00:12:29,440 --> 00:12:32,640 Speaker 1: and six Australian universities are ranked in the top one 222 00:12:32,720 --> 00:12:37,160 Speaker 1: hundred worldwide, with the University of Melbourne rated the best 223 00:12:37,480 --> 00:12:38,679 Speaker 1: Australian institution. 224 00:12:39,559 --> 00:12:42,160 Speaker 2: Yes it ranked thirty seven globally, up from thirty nine 225 00:12:42,240 --> 00:12:45,920 Speaker 2: last year. According to the highly regarded Times rankings, it 226 00:12:45,960 --> 00:12:49,679 Speaker 2: achieved near perfect schools for research excellence and influence as 227 00:12:49,720 --> 00:12:54,040 Speaker 2: well as teaching quality. Australia's oldest institution, the University of Sydney, 228 00:12:54,080 --> 00:12:56,559 Speaker 2: has jumped from sixty one to fifty three. Minash is 229 00:12:56,600 --> 00:12:59,400 Speaker 2: at fifty eight. Others in the top one hundred, where 230 00:12:59,400 --> 00:13:02,800 Speaker 2: the Australian University, the University of New South Wales and 231 00:13:02,840 --> 00:13:06,959 Speaker 2: the University of Queensland ten Australian university's rank in the 232 00:13:07,000 --> 00:13:10,720 Speaker 2: world's top two hundred. Oxford University in England comes in 233 00:13:10,720 --> 00:13:13,840 Speaker 2: at number one, followed by MIT the Massachusetts Institute of 234 00:13:13,880 --> 00:13:18,800 Speaker 2: Technology in the US, and then equal third Princeton and Cambridge. 235 00:13:18,320 --> 00:13:22,520 Speaker 1: Sewn in International News. US President Donald Trump's polling numbers 236 00:13:22,720 --> 00:13:26,360 Speaker 1: actually continue to slide, though not as quickly as they 237 00:13:26,360 --> 00:13:27,960 Speaker 1: were ahead of the northern summer. 238 00:13:28,600 --> 00:13:30,640 Speaker 2: As you can imagine, there are many many poles in 239 00:13:30,679 --> 00:13:33,160 Speaker 2: the US, and the New York Clients compiles them and 240 00:13:33,240 --> 00:13:36,520 Speaker 2: averages things out. The average of polls shows Trump with 241 00:13:36,600 --> 00:13:39,800 Speaker 2: a disapproval rating of fifty four percent and an approval 242 00:13:39,880 --> 00:13:43,440 Speaker 2: rating of forty three percent. That is ahead of the 243 00:13:43,520 --> 00:13:46,080 Speaker 2: news about Gaza, so that will be interesting to see 244 00:13:46,080 --> 00:13:50,319 Speaker 2: what happens there. Trump started off with pretty even approval 245 00:13:50,320 --> 00:13:53,800 Speaker 2: disapproval numbers. They deteriorated in the first six months of 246 00:13:54,000 --> 00:13:58,240 Speaker 2: his tenure. They'll have stabilized somewhat since July, after two 247 00:13:58,280 --> 00:14:00,840 Speaker 2: hundred and sixty one days in the job. Trump's approval 248 00:14:01,000 --> 00:14:04,079 Speaker 2: is lower than where Joe Biden's approval rating was at 249 00:14:04,080 --> 00:14:07,400 Speaker 2: the time, slightly better than where he was himself in 250 00:14:07,440 --> 00:14:11,480 Speaker 2: his first time, and way below Barack Obama's ratings and 251 00:14:11,559 --> 00:14:14,360 Speaker 2: George W. Bush's ratings, although Bush was affected by the 252 00:14:14,440 --> 00:14:15,640 Speaker 2: nine to eleven tragedy. 253 00:14:16,240 --> 00:14:18,560 Speaker 1: Sean Up next is The Fear and Greed Q and 254 00:14:18,600 --> 00:14:22,920 Speaker 1: eight with Morning Stars Lachlan Halloway tell us about the interview. 255 00:14:23,360 --> 00:14:25,320 Speaker 2: So we start off talking about whether or not the 256 00:14:25,360 --> 00:14:29,880 Speaker 2: market is overvalued, and sort of the inference from Lachlan 257 00:14:29,960 --> 00:14:33,000 Speaker 2: is that it's getting close. If it's not, it's getting 258 00:14:33,120 --> 00:14:35,320 Speaker 2: very close. And then I ask him about the world. 259 00:14:35,360 --> 00:14:40,440 Speaker 2: Then he provides three large cap stocks and his view 260 00:14:40,480 --> 00:14:43,040 Speaker 2: on them, and it's really interesting. We're talking about Woolies 261 00:14:43,080 --> 00:14:45,440 Speaker 2: and he talks about Woolies and whether, given how far 262 00:14:45,520 --> 00:14:48,800 Speaker 2: it's fallen, whether it's worth buying at the moment. And 263 00:14:48,880 --> 00:14:51,640 Speaker 2: he talks about Santas and says l two other really 264 00:14:51,680 --> 00:14:54,880 Speaker 2: sold down stocks are as well as a small caps. 265 00:14:55,200 --> 00:14:57,600 Speaker 2: Great chat if you're interested in investing. 266 00:14:57,960 --> 00:15:00,320 Speaker 1: Yeah, great insights there. That's up next in the Fair 267 00:15:00,360 --> 00:15:04,160 Speaker 1: and Greed playlist on your podcast platform or at Feirangreed 268 00:15:04,160 --> 00:15:07,160 Speaker 1: dot com dot au. Thank you, Sean, thank you Adam. 269 00:15:07,320 --> 00:15:10,480 Speaker 1: It's Friday, the tenth of October twenty twenty five. Make 270 00:15:10,520 --> 00:15:15,040 Speaker 1: sure you're following our podcast, Join us online on LinkedIn, Instagram, 271 00:15:15,320 --> 00:15:19,920 Speaker 1: x TikTok and Facebook, and please have a great day.