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Speaker 1: Welcome to Fear and Greed business news you can use today.

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Speaker 1: Prime Minister Anthony Aberanzi criticizes Israel, saying the nation's behavior

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Speaker 1: is tantamount to breaching international law, although he stopped short

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Speaker 1: of recognizing Palestinian statehood. The decision to allow US beef

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Speaker 1: imports into Australia causes the government more grief, and nuclear

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Speaker 1: scientists claim to have discovered how to make gold. Plus,

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Speaker 1: the home auction market heats up ahead of the spring

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Speaker 1: selling season, and the new boss of A and Z

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Speaker 1: asks staff to keep it simple when it comes to

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Speaker 1: presentations and meetings. It is Monday, the twenty eighth of

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Speaker 1: July twenty twenty five. I'm Michael Thompson and good morning,

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Speaker 1: Sean Aylmer. Good morning, Michael, Sean. The main story this morning.

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Speaker 1: Prime Minister Anthony Aberenzi has joined the growing global clamor

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Speaker 1: against Israel, all but accusing the country of breaching international

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Speaker 1: law by stopping food and medical supplies being provided to

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Speaker 1: tens of thousands of Palestinian refugees.

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Speaker 2: Asked whether Israel is breaching international law, the prime ministers

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Speaker 2: said it's a breach of international law to stop food

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Speaker 2: being delivered, which is the decision that Israel made in March.

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Speaker 2: His words, he went under say on ABC's Insiders. It's

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Speaker 2: also a breach of decent humanity and of morality, and

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Speaker 2: everyone can see that. Over the past week, Australia joined

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Speaker 2: more than thirty countries, including the UK, Canada and New Zealand,

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Speaker 2: signing a letter condemning the inhumane killing of starving Palestinians

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Speaker 2: seeking food, water and medicines. Albinizi said that while he

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Speaker 2: supported Israel and it's right to defend itself, it was

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Speaker 2: wrong to hold innocent people responsible for Hamas's actions on

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Speaker 2: October seven, when the terrorist organization killed twelve hundred Israelis

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Speaker 2: in a bloody incursion across the Gaza border.

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Speaker 1: There's been a lot of images coming out of the

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Speaker 1: region in recent days and they are really really confronting

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Speaker 1: to see, particularly those images of starving children.

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Speaker 2: Yeah. You know, I was at a dinner party on

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Speaker 2: Saturday night, and you know, my friends are not highbrow, Michael,

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Speaker 2: not high brown. We found ourselves talking Israel, Gaza, Israel, Palestine,

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Speaker 2: and it really hit home when you're just sort of

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Speaker 2: having a few drinks chatting and you're talking about the

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Speaker 2: Middle East. Yep, it's big news.

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Speaker 1: Yeah, and it feels like these images in the last

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Speaker 1: week have been almost a catalyst for that, that it

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Speaker 1: has generated a lot of new conversations between people who

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Speaker 1: normally wouldn't be talking about it. You're exactly right. Will

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Speaker 1: the government now consider following France and recognizing Palestinian statehood

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Speaker 1: at the UN General Assembly? This is the big kind

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Speaker 1: of issue that follows out of this.

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Speaker 2: Yes. So in short, no, at least not for now.

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Speaker 2: Albanize has had a decision, will be made at an

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Speaker 2: appropriate time. So he I mean, I suppose he's not

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Speaker 2: saying no there, he's just putting it off. France obviously

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Speaker 2: has recognized Palestine and its rights to a statehood. It

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Speaker 2: isn't an easy decision, and the Prime Minister said Hamas

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Speaker 2: needs to be excluded from any government to ensure lasting peace. Now, look,

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Speaker 2: the main reason Israel has given for not allowing food

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Speaker 2: and medical supplies in is because it argues they've been

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Speaker 2: stolen by Hamas. Over the weekend, there were reports the

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Speaker 2: Israeli military never found proof that Hamas had systematically stolen

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Speaker 2: aid from the United Nations, which is the biggestupplier of

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Speaker 2: emergency as system to Gaza for most of the war.

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Speaker 2: Those sorts of reports, alongside all those images that you're

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Speaker 2: talking about, Michael, very much has shifted the dial and

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Speaker 2: many nations are now taking a stronger line against Israel.

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Speaker 2: Over the weekend, Israel did respond parachuted aid into Gaza,

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Speaker 2: saying it aims to improve the humanitarian response in the region.

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Speaker 2: It also refutes what it said are false claims of

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Speaker 2: deliberate starvation.

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Speaker 1: Okay, now away from the Middle East, a story that

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Speaker 1: we were talking about last week just continues to build.

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Speaker 1: The decision to allow US beef imports into Australia is

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Speaker 1: causing more tension with the Prime Minister and Trade Minister

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Speaker 1: Don Farrell really saying opposite things yesterday about discussions with

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Speaker 1: Donald Trump. Who thought they'd be confusion over.

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Speaker 2: This, yes, So, first off, Don Farrell told Sky News

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Speaker 2: that Trump directly asked Albanezi about the biosecurity laws and

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Speaker 2: about importing of American beef us exporting Australian importing American beef.

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Speaker 2: Opposition Foreign Affairs spokesperson Mikayla Cash jumped on that accused

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Speaker 2: the government of trading away Australia's strict biosecurity laws to

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Speaker 2: carry favor with the Trump administration. Later in the day,

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Speaker 2: Alberanizi contradicted Farrell, saying he had never discussed Australia's ban

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Speaker 2: on US beef in a phone call with Donald Trump

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Speaker 2: earlier in the year, and he hadn't spoken to him

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Speaker 2: about it before lifting the ban earlier this week. Farrell

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Speaker 2: then came out and said, well, I think I've made

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Speaker 2: a mistake. Who knows, Michael, who knows.

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Speaker 1: That's not a great look either way.

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Speaker 2: No, and like the mistake, that's a big mistake to make.

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Speaker 2: If that's the case.

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Speaker 1: If it is a mistake, then yes, it is a

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Speaker 1: whopper local market. How to it finish up on Friday.

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Speaker 2: Well, it was a week day on Friday with the

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Speaker 2: big miners and big banks both being sold off so

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Speaker 2: much for the Big Switch it was like big selling really.

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Speaker 2: The S and p ASX two hundred and fell half

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Speaker 2: a percent to eighty six hundred and sixty seven points

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Speaker 2: for the week. The Boss was off one percent overseas.

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Speaker 2: It's a very big week for Federal Reserve chair Jerome Powell,

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Speaker 2: who is under extraordinary pressure from the White House. And

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Speaker 2: we talked a little bit on the weekend edition. Didn't

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Speaker 2: we about that extraordinary footage that came out towards the

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Speaker 2: end of last week of Jerome Powell standing next to

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Speaker 2: Donald Trump and essentially correcting him right there in front

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Speaker 2: of the media over the cost of the renovation works

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Speaker 2: that have been done on the FED buildings. And it

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Speaker 2: was very uncomfortable, very uncomfortable. It was amazing, was the

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Speaker 2: set up by Trump's people, because Jerome Powell didn't that

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Speaker 2: was coming. And to actually have the ordered you to

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Speaker 2: take the piece of paper from the President, look at

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Speaker 2: it and go no, no, no, You're including a building

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Speaker 2: that was completed five years ago.

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Speaker 1: Yeah.

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Speaker 2: I thought that was pretty impressive, to be honest. Anyway,

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Speaker 2: he runs the central Bank in the US. Obviously he'll

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Speaker 2: lilberate on interest rates this week, just as data on

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Speaker 2: economic growth and the labor market are released in the

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Speaker 2: world's biggest economy. Most pundits don't think the Fed will

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Speaker 2: move on interest rates. Overnight, Donald Trump and EU Commissioner

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Speaker 2: at s Lavon Delane were meeting in Scotland hoping to

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Speaker 2: do a trade deal. Fifteen percent tariffs seems to be

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Speaker 2: the most likely outcome on that one.

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Speaker 1: Okay, let's take a very quick break. While we're doing that,

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Speaker 1: one should take this moment to sign up for the

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Speaker 1: free daily newsletter. I'll put a link in today's show

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Speaker 1: notes and you will get it every weekday morning by

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Speaker 1: six am. We'll be back in a moment with the

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Speaker 1: rest of the day's business news.

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Speaker 2: Sean.

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Speaker 1: It was a solid weekend for home auctions. The preliminary

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Speaker 1: clearance rate rose to just underset seventy five percent, basically

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Speaker 1: at a twelve month high.

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Speaker 2: Yeah, so again, Melbourne was the busiest market. It's clear

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Speaker 2: and straight seventy six percent. That means for more than

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Speaker 2: twelve months it's been above seventy percent. Five of the

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Speaker 2: last six weeks it's been above seventy five percent. It

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Speaker 2: is fair to say Melbourne is the hot market at

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Speaker 2: the moment, certainly among the capital cities. Sydney came in

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Speaker 2: at seventy four percent. That market's still pretty good. Brisbane

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Speaker 2: about the same. Adelaide, which really was the lead market

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Speaker 2: in the past couple of years, it's come back somewhat.

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Speaker 2: It's preliminary clear and straight was back below seventy percent.

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Speaker 2: The result this weekend came off a higher number of

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Speaker 2: auctions over the past week. It actually August really well

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Speaker 2: for the spring selling season. Of course, that doesn't start

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Speaker 2: for another four weeks or so, especially if there's another

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Speaker 2: interest rate cut next month. So you get an interest

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Speaker 2: rate cut, you've got momentum in the market already. It

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Speaker 2: could be quite a good spring selling season.

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Speaker 1: How on earth are we gearing up for the spring

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Speaker 1: selling season already? Were we just here?

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Speaker 2: I don't know, It just comes around. It actually starts

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Speaker 2: slightly before spring, and we're only four weeks away from that.

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Speaker 1: Oh god, the year is flying by now. Business insolvencies

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Speaker 1: sean have steadied, as in, they aren't growing, but remain

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Speaker 1: at historically high levels, particularly in those those same sectors

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Speaker 1: that we talk about all the time, hospitality and construction.

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Speaker 2: That's the latest findings from creditor watches Dune quarter Business

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Speaker 2: Risk Index. The bad news is that while insolvency levels

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Speaker 2: have stabilized, there's been a pickup in sectors which are

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Speaker 2: normally less at risk. So areas like healthcare and education

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Speaker 2: where a lot of the money comes from government doesn't

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Speaker 2: tend to make these rankings that often well. According to

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Speaker 2: creditor Watch, we're starting to see more insolvencies in those areas.

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Speaker 2: The good news is that payment to faults fell to

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Speaker 2: their lowest level in twelve months, suggesting easing cash flow

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Speaker 2: pressures across many businesses. The rapid the index that potential

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Speaker 2: flower interestrates should help businesses, though the global uncertainty is

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Speaker 2: still hurting.

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Speaker 1: I love this next story. A and Z's new chief executive, Nunomatos,

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Speaker 1: has told staff that he doesn't want presentations of more

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Speaker 1: than five pages, saying it shows respect for everyone's time.

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Speaker 2: Well said, I'm on his team already. In a company

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Speaker 2: white email, Mattos set out what he called were two

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Speaker 2: simple changes for the organization. The first, presentations be restricted

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Speaker 2: to a maximum of five pages because, and I'm quoting

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Speaker 2: him here, Limiting the number of pages helps ensure messages

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Speaker 2: are focused. Plus it shows respect for everyone's time. Haven't

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Speaker 2: we all been in Haven't we all been in a

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Speaker 2: meeting where someone comes with a thirty slide PowerPoint deck

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Speaker 2: and you think I've got thirty minutes here?

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Speaker 1: Oh yeah, yep.

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Speaker 2: He actually He even went on to explain the style

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Speaker 2: he likes. So he likes, you know, the first slide.

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Speaker 2: He wants that to be an introduction. Then he wants

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Speaker 2: to see the problem or the opportunity, and then he

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Speaker 2: wants the solution, and then he wants the evidence, and

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Speaker 2: then he wants the next steps. There's five he actually

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Speaker 2: said less than five pages. Is even loving it? The

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Speaker 2: second change, Michael, Every meeting should now have a purpose. Oh,

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Speaker 2: come on, what I've been in the media for years?

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Speaker 2: Purpose for a meeting?

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Speaker 1: I feel like you have kind of fifty percent of

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Speaker 1: meetings have purpose?

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Speaker 2: Right, have a purpose and a gender should be shared

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Speaker 2: ahead of time, clear decided outcomes stated at the start

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Speaker 2: of the meeting, action items and deadlines set at the

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Speaker 2: end of the meeting.

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Speaker 1: Can I add one more to that?

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Speaker 2: Yes?

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Speaker 1: Please only add people to the meeting if they actually

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Speaker 1: need to be there.

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Speaker 2: Yes, yes, yes, yes, yir right.

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Speaker 1: I think we've all been in those meetings where all

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Speaker 1: of a sudden, there is a dozen people like, I

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Speaker 1: don't know why so many people are needed here in

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Speaker 1: order to make one decision.

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Speaker 2: Yes, yes, yes, totally agree.

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Speaker 1: Anyway, very good, we are. We are changing the world here,

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Speaker 1: Sean loving the bloke though loving the It's a great story.

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Speaker 1: Now the rescue plan for Star Entertainment has another hurdle

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Speaker 1: to overcome after the new South Wales Casino Regulator warned

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Speaker 1: it will closely examine the finances and leadership of Bally's

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Speaker 1: corporation before allowing it to take control.

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Speaker 2: Under the current plan, the American gaming giant will control Star,

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Speaker 2: which operates casinos in Sydney, Brisbane and the Gold Coast,

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Speaker 2: after providing a three hundred million dollar lifeline earlier this year.

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Speaker 2: Bally has already said it will overhaul management as part

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Speaker 2: of a turnaround planned Its chair so Kim is expected

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Speaker 2: to join the board. Of course, Star will remain listed

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Speaker 2: on the AX. Those plans I will now require approval

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Speaker 2: from the Independent Casino Commission in New South Wales. According

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Speaker 2: to the Finn Review, a major concern is leadership of

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Speaker 2: the business. Now the Star chief executive Steve McCann, has

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Speaker 2: been through all the protocols. He hasn't said whether he

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Speaker 2: intends to stay once the deal is finalized or not.

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Speaker 2: We don't know whether Bally wants him to stay or not,

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Speaker 2: but it's certainly leadership. Star seems to be what the

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Speaker 2: regulators focusing You're on now.

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Speaker 1: I'm sorry to do this, but I have to. It's

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Speaker 1: with great deference to Mark Twain that I say this.

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Speaker 1: But rumors of the death of lithium companies have been

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Speaker 1: greatly exaggerated Sean with the beaten down sector coming back

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Speaker 1: to life been resurrected in July, so true.

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Speaker 2: Exhibit one. Local Lithium Produces Mineral Resources haven't had anything

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Speaker 2: good to say about that company for about twelve months,

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Speaker 2: and Pilbram Minerals are both up more than fifty percent

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Speaker 2: since June. Exhibit two. Chinese authorities are cracking down on

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Speaker 2: legal mining licenses in the world's second biggest economy, pushing

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Speaker 2: up the price of lithium Exhibit three. In other geographies

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Speaker 2: like Western Australia, lithium production has fallen because of the

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Speaker 2: drop in price, meaning there's just not as much of

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Speaker 2: the metal around the place. That's helping push up prices.

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Speaker 2: Lithim prices are up thirty percent since late last month.

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Speaker 2: I reckon, if we had this conversation four weeks ago,

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Speaker 2: we'd say we know where will I mean, what is

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Speaker 2: the future of lithium. People said it would turn around eventually.

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Speaker 2: But thirty percent in a month, pretty good effort.

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Speaker 1: That's quick, that's quick. Okay. Turning to international news now

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Speaker 1: and President Donald Trump says Cambodi as Prime Minister and

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Speaker 1: the acting Prime Minister of Thailand have agreed to meet

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Speaker 1: immediately and quickly work out a ceasefire between the two

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Speaker 1: Southeast Asian neighbors.

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Speaker 2: Trump said that he teld both leaders that it was

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Speaker 2: inappropriate to get back to the trading table with the

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Speaker 2: United States until such a time as the fighting stops.

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Speaker 2: Thailand and Cambodia are both negotiating trade deals with the US,

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Speaker 2: which is why Trump has so much power. At least

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Speaker 2: thirty four people have died in the conflict, which began

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Speaker 2: last Thursday with an eruption of violence near an ancient

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Speaker 2: temple claimed by both nations. The clashes began two after

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Speaker 2: two months of tension over the contested territory. Donald Trump

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Speaker 2: has now said fix it or we won't do a

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Speaker 2: trade deal.

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Speaker 1: All right. Last one Sean and an early contender for

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Speaker 1: My Favorite story of the week. A fusion energy startup

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Speaker 1: claims to have solved the millennia old challenge of how

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Speaker 1: to turn other metals into gold.

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Speaker 2: So I'm going to get the name wrong, but I'm

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Speaker 2: going to try it. Chris o'phia, does that look good

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Speaker 2: to you?

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Speaker 1: Let's just call it alchemy?

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Speaker 2: Sure, yeah, alchemy. Alchemy been pursued by civilizations as far

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Speaker 2: back as ancient Egypt. Now, not an ancient Egypt, but

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Speaker 2: San Francisco. A group called Marathon Fusion, which is a

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Speaker 2: startup focused on using nuclear fusion to generate power, has

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Speaker 2: said the same process could be used to produce gold

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Speaker 2: from mercury. In an academic paper published last week, Marathon

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Speaker 2: proposes that neutrons released in fusion reactions could be used

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Speaker 2: to produce gold through a process known as nuclear transmutation,

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Speaker 2: according to report the Financial And I'm looking at you,

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Speaker 2: You're like, oh, this is this is like fantastic, this

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Speaker 2: is science. That's best.

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Speaker 1: What I'm worried about now is that everyone's going to

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Speaker 1: hear this and everyone's going to be attempting nuclear transmutation

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Speaker 1: in their backyard.

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Speaker 2: Yeah.

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Speaker 1: Chaos, chaos.

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Speaker 2: Now, this is a story in the Financial Times. The

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Speaker 2: actual academic paper hasn't yet been peer review'd we better

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Speaker 2: throw that one in there, but it has had a

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Speaker 2: very positive reception from a bunch of experts in the field.

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Speaker 2: Wouldn't that be interesting if, after thousands of years, finally

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Speaker 2: someone comes up and says, this is how you make

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Speaker 2: gold quickly? Great?

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Speaker 1: I love that. Sorry, that's a ripper speaking of rippers.

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Speaker 1: Great interview coming up after the show. You're speaking with

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Speaker 1: Lachlan Halloway from morning Star.

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Speaker 2: It's about profit season and so prophecies in Australia kicks

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Speaker 2: off in a couple of weeks. That's for the full

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Speaker 2: June thirty year. We ask him what to expect and

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Speaker 2: then we jump into a bunch of companies that he likes,

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Speaker 2: including some that have been sold off recently, babcoor being

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Speaker 2: an example, but why he still likes it and you

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Speaker 2: know Domino's Pizzas. There's a bunch of companies we talk about.

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Speaker 1: Yeah, it's coming up next in the Fear and Greed

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Speaker 1: player list on your podcast platform or at Fearangreed dot

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Speaker 1: com dot au. And at midday you'll hear the week

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Speaker 1: ahead with Resident Economys Stephen could call us.

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Speaker 2: Thank you, Sean, Thank you Michael.

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Speaker 1: It is Monday, the twenty eighth of July twenty twenty five.

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Speaker 1: Make sure you're following the podcast and please join us

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Speaker 1: online on LinkedIn, Instagram, ex TikTok and Facebook. Are Michael

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Speaker 1: Thompson And that was sphere and grade. Have a great day.

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Speaker 2: M