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Speaker 1: Welcome to the Fear and Greed Summer series, brought to

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Speaker 1: you by Van to specialists in compliance led growth. I'm

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Speaker 1: Michael Thompson, and good morning, Sean Aylmer, Good morning, Michael,

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Speaker 1: Good morning, Adam.

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Speaker 2: Lange, Good morning Michael.

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Speaker 1: Now in just five minutes, Very Christmas, by the way,

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Speaker 1: so yes, sorry, very Christmas to you and to everyone. Yeah,

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Speaker 1: that was not very Christmasy of me? Was it? Just

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Speaker 1: straight to business. We are going to each put forward

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Speaker 1: a story from the last year that Christmas themed is

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Speaker 1: kind of the biggest gift. It's the story that just

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Speaker 1: keeps on giving, right yeap throughout the year. And at

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Speaker 1: the end we're going to decide who has the best

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Speaker 1: Christmas gift, because what's Christmas Day without a bit of competition.

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Speaker 1: I'm going to go first. The biggest gift this year

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Speaker 1: has been and this sounds dull, but it's not a

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Speaker 1: promise you, has been some massive changes in the way

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Speaker 1: that we work right right lead with much chin on

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Speaker 1: that one. I'm talking about two things in particular. Number one,

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Speaker 1: the return to the office. Right this is the year

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Speaker 1: twenty twenty four was the year that companies decided that

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Speaker 1: they had had enough cracking down on remote working. They

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Speaker 1: were issuing return to the office mandates, even at giants

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Speaker 1: like Commonwealth Bank, threatening to cut bonuses if staff don't

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Speaker 1: turn up. I think it's fifty percent of the time.

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Speaker 1: It's still not working. Super great. Super great is a

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Speaker 1: technical term. Office tower is still not a capacity. It's

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Speaker 1: affecting values, affecting the huge funds that own them. That's

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Speaker 1: kind of the workplace one. The other change to the

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Speaker 1: way we work is all about AI. Now twenty twenty

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Speaker 1: four has seen AI become fully entrenched in the workplace,

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Speaker 1: which is remarkable considering the fact that chat GPT only

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Speaker 1: just turned two years old, and here we are like

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Speaker 1: it is a toddler. Yet it is allowed into every

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Speaker 1: single workplace in the country, possibly in the entire world.

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Speaker 1: We've got major companies like law firms expecting staff to

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Speaker 1: use AI. It's a requirement of the role. Now every

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Speaker 1: second day there's a new story speculating about AI, about

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Speaker 1: kind of whether the robots are coming for us, about

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Speaker 1: kind of whose job is safe, whether we should be

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Speaker 1: polite to the chatbots, just in case they rise up

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Speaker 1: against us, and they've got a record of us being

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Speaker 1: rude to them. If you put it all together. Changes

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Speaker 1: in the way we work in terms of the return

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Speaker 1: to the office and the use of AI have been

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Speaker 1: a massive, no the massivest, most massive gift.

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Speaker 3: This year, Adam, what's your gift?

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Speaker 1: Beat that bro?

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Speaker 2: All right? Tinsel, I mean Sean and Michael. For me,

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Speaker 2: the biggest gift this year has been the rise and

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Speaker 2: rise of Elon Musk. He's certainly been one of the

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Speaker 2: biggest gifts to journalism and arguably business. This year, the

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Speaker 2: richest man in the world closes twenty twenty four worth

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Speaker 2: over US four hundred billion, fueled by Tesla car, SpaceX, Rockets,

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Speaker 2: starlink X aka Twitter and more. Alongside that staggering personal

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Speaker 2: wealth and political power. As the co lead of the

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Speaker 2: USA's new Department of Government Efficiency, Elon Musk has practically

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Speaker 2: given journalists worldwide a daily bounty of stories to share.

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Speaker 2: There is genius, unease, changes in course, and a seemingly

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Speaker 2: endless pursuit of change, growth and technological revolution. Along the way,

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Speaker 2: we had incredible moments such as Michael's favorite, the Rocket Grabber,

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Speaker 2: the woeful performance of a robot that required human control

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Speaker 2: to serve a drink, and the further delayed launch of

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Speaker 2: self driving cars. Elon Musk gave us gifts everywhere.

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Speaker 1: Sure, but does the rocket grabber sound vaguely inappropriate to

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Speaker 1: anyone else for a family podcast on Christmas Day?

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Speaker 3: No?

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Speaker 2: Okay, all right, it just didn't.

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Speaker 1: Might be me looking for the the erotic and everything.

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Speaker 2: Sorry.

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Speaker 3: My biggest story. Look, I'm a journalist.

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Speaker 1: It's a journalist who is currently wearing tinsel around his

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Speaker 1: neck like a feather bower. So look, if you're not

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Speaker 1: watching the video of this podcast, and you can certainly

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Speaker 1: do that if you're just listening to it, if you

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Speaker 1: hear rustling, that is Sean's festive neck garland.

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Speaker 3: It is Christmas stach to behold, it is Christmas Day.

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Speaker 3: As a journalist, I love a story that just keeps giving.

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Speaker 3: And I've got to say both those stories you gave

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Speaker 3: us Elon Musk t what and work from Home they

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Speaker 3: did keep giving. But commodity prices they gave all year

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Speaker 3: Iron or Big one for Australia lower than where they started,

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Speaker 3: triggering a cut in federal budget revenue for the full

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Speaker 3: year underperformance at the share price is a big three

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Speaker 3: minus Beach p Rio and for Skew medals, we all

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Speaker 3: own lots of shares in those companies. Bad news there.

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Speaker 3: Gold prices well, didn't they keep giving great commodity to

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Speaker 3: have for a rainy day. It seems like people think

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Speaker 3: there are lots of rainy days ahead. Like goldstocks did

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Speaker 3: very well. The price of the precious metal hit a

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Speaker 3: record high in recent months. Copper prices the bell where

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Speaker 3: the for global growth middle of the year were very

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Speaker 3: excited about it. They were close to record highs. Their

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Speaker 3: hopes that interest rates would start falling didn't happen. Trump

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Speaker 3: election well, prices down twenty percent since the peak. In

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Speaker 3: terms of copper nickel, big supply surge out of Asia

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Speaker 3: hasn't been pretty lift here, major problem with favorite supply,

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Speaker 3: just as electric vehicle demand fell. A few more positive

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Speaker 3: signs now but will take a while. Box Site well,

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Speaker 3: don't we love boux site. It's used in aluminium, yet

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Speaker 3: world's most boring commodity. However, its price has doubled in

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Speaker 3: recent months record highs. Bigger than or more expensive than

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Speaker 3: iron ore. Box SIT's used in aluminium, iron al is

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Speaker 3: used in steel, and Australia's the biggest producer of bux site.

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Speaker 3: Pretty excited about that, But my personal favorite coffee record

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Speaker 3: highs after poor weather conditions in Brazil. The one that

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Speaker 3: really hurts me my coffee is my morning flat white

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Speaker 3: is going up price. Can I say Can I say so?

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Speaker 3: We've got to find a winner out of that. I'm sorry,

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Speaker 3: Elon Musk. We just have to disqualifying for being Elon Musk.

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Speaker 1: This is Christmas. You know what in that case Christmas

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Speaker 1: Day that I think there is only one winner, and

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Speaker 1: it's the return to the Office and the rise of

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Speaker 1: AI and the rise of A I mean I did

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Speaker 1: both of them.

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Speaker 2: I find day this year commodities have given this country something.

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Speaker 3: I'm fine, I'm in the Christmas spirit. As you can see,

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Speaker 3: Michael wins. I come second, you're disqualified. Anim I'm sorry.

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Speaker 3: That's not against you, it's against Elon Musk.

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Speaker 1: Look you know what, I know that that was just

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Speaker 1: a pity win that you've given me. But in the

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Speaker 1: spirit of Christmas, I will gratefully accept. I'll take it

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Speaker 1: however it comes.

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Speaker 3: That's like the gift that you get that you don't

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Speaker 3: really want, but you take it anyway.

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Speaker 1: You're not and go thank you. It's just what I've

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Speaker 1: always wanted. Thank you very much, Sean.

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Speaker 3: Thanks Michael.

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Speaker 1: Thank you, Adam, Thank you Michael. Make sure hit follow

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Speaker 1: on the podcast. This is the Fear and Greed Summer Series,

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Speaker 1: brought to you by v Vanter automates compliance for frameworks

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Speaker 1: off at Vanta dot com. Slash Fear and Greed. I'm

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Speaker 1: Michael Thompson and this is the Fear and Greed Summer

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Speaker 1: Series