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

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Speaker 1: The Sell America trade gathers momentum as the US and

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Speaker 1: Europe snipe over Greenland. Three senior National Party MPs resigned

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Speaker 1: from the shadow front bench over the hate speech and

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Speaker 1: gun legislation passed on Tuesday night, and house and unit

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Speaker 1: prices finished twenty twenty five at record highs. Plus a

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Speaker 1: bunch of Ossie cricketers invest in a European T twenty competition,

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Speaker 1: and the battle for the owner of Game of Thrones

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Speaker 1: Harry Potter and DC Comics heats up. It is Thursday,

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Speaker 1: the twenty second of January twenty twenty six. I'm Michael Thompson,

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Speaker 1: and good morning, Sean Aylmer.

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Speaker 2: Good morning, Michael. Take a breath.

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Speaker 1: I needed to take a breath. There is a lot

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Speaker 1: in that introduction and a lot in today's show, Shawn.

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Speaker 1: The main story this morning is a whopper. Investors are

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Speaker 1: worried that US President Donald Trump's insistence on owning Greenland

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Speaker 1: will break the NATO Alliance and the the entire post

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Speaker 1: World War two world order, triggering tat for tat tariffs. Equities, bonds,

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Speaker 1: and the US dollar have been dumped. A rare triple

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Speaker 1: sell off of assets, which investors have called the sell

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Speaker 1: America trade.

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Speaker 2: Yeah, I mean, so much going on. Although the highlight

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Speaker 2: of your intro then was you said a tat for

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Speaker 2: tat tariff as opposed to a tit for tat tariff.

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Speaker 1: That's very difficult anyway, Yeah, please move on.

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Speaker 2: Yeah. Wall Street fell by more than two percent yesterday morning,

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Speaker 2: led by the tex stocks. The local ax followed suit yesterday.

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Speaker 2: The US dollar also dropped as investors became sort of

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Speaker 2: more fearful I suppose of holding US debt. That pushed

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Speaker 2: the Aussie dollar up to about sixty seven and a

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Speaker 2: half US cents at one point. America's highly indebted, and

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Speaker 2: the fear is that a breakdown of the world order

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Speaker 2: will make repayment of that debt much harder. Holding US debt,

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Speaker 2: known as bonds didn't look quite so attractive, and there

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Speaker 2: was a sell off in bond markets, with prices falling.

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Speaker 2: That has the effect of pushing yields or returns i e.

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Speaker 2: Interest rates higher. The ultimate safe haven asset gold that

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Speaker 2: pushed beyond forty seven hundred US dollars an ounce yesterday,

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Speaker 2: then forty eight hundred US dollars an ounce and was

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Speaker 2: heading towards forty nine hundred US dollars an ounce, a

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Speaker 2: level hardly believable twelve months ago, particularly for a safe

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Speaker 2: haven asset. Greenland, of course, is a focus of the crisis.

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Speaker 2: What that means to the NATO alliance. Trump, head of

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Speaker 2: his speech in Davos, said there was no going back

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Speaker 2: on his plan and the US owning Greenland was imperative

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Speaker 2: for national and world security. He stuck by his idea

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Speaker 2: to introduce tariffs on eighty European countries, prompting the so

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Speaker 2: called trade Berzuka by Europe to be considered now what

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Speaker 2: that is? European nations got together last year and said,

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Speaker 2: if we have all these tariffs imposed on us, how

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Speaker 2: do we retaliate? They came up with the aftely named

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Speaker 2: trade Berzuker, basically one hundred billion euros worth of duties

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Speaker 2: on US goods. HI tarffs are unwelcome, but a trade

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Speaker 2: Berzooker is even more unwelcome. What investors are most worried

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Speaker 2: about is basically trade policy is being used as a

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Speaker 2: weapon against allies. On top of that, we had Trump

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Speaker 2: poking fun at both Greenland and Canada. He released an

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Speaker 2: AI generated map shotting both countries as US territories.

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Speaker 1: The thing is, though, some global leaders are really starting

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Speaker 1: to push back, and it's worth almost a bit of

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Speaker 1: a recap of kind of how we've gotten to where

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Speaker 1: we are right at this moment, because at Davos over

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Speaker 1: the past forty eight hours, we had Canadian Prime Minister

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Speaker 1: Mark Carney saying the world order was breaking, French President

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Speaker 1: Emmanuel mccron vowing not to give in to bullies. They

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Speaker 1: are really kind of standing up for themselves.

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Speaker 2: Yeah, and it's about time. Canada's Karney right from his elections.

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Speaker 2: We shouldn't atually put Canney in this grouping Mark Carney

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Speaker 2: because he's really been determined not to count out to

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Speaker 2: Trump ever since he was elected.

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Speaker 1: It was actually part of his platform, wasn't it, because

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Speaker 1: that was the issue.

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Speaker 2: Yeah, Yeah, yeah, absolutely. And Canada's probably more affected by

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Speaker 2: tariffs than any other country. I would say. He at

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Speaker 2: Davis the firmed Canada's support for Greenland, Denmark and the

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Speaker 2: NATO Alliance, and he said, I quote him, middle powers

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Speaker 2: must act together because if we are not at the table,

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Speaker 2: we are on the menu. End quote. Now, of course

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Speaker 2: Australia is considered a middle power alongside Canada and Korea

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Speaker 2: and Brazil and those sorts of nations. Mccron said the

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Speaker 2: US is consistent threat and imposition of tariff's is fundamentally unacceptable.

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Speaker 1: Now.

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Speaker 2: I don't know whether you saw a couple of days ago,

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Speaker 2: Trump exposed the contents of an email exchange between mcron

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Speaker 2: and himself. He mocked his French accent. I don't think

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Speaker 2: mccron took that well. Kindly mean wells probably the right word,

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Speaker 2: but I don't know that he pre siated that. Denmark's

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Speaker 2: Prime Minister met Fredrickson said her country needed to stand

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Speaker 2: firm and share what we are made of, even as

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Speaker 2: it was threatened by our closest Ally some countries UK,

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Speaker 2: for example Italy still a little wishy washy. Yeah, they

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Speaker 2: don't want to be directly critical, but it is interesting

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Speaker 2: to see that some of these NATO countries now standing

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Speaker 2: up to Donald Trump.

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Speaker 1: Two quick points Sean, it's kind of interesting that Davos

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Speaker 1: is usually a talk fest, right, and that's all it is.

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Speaker 1: It feels like this year it has taken on so

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Speaker 1: much more significance than it ever has before because of

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Speaker 1: the climate that everyone has flown in there into the

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Speaker 1: middle of it, that for once, it's not just kind

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Speaker 1: of all these hypotheticals, it is actually the equivalent of

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Speaker 1: a G seven or a G twenty or one of

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Speaker 1: those kinds of major summits. The other point I wanted

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Speaker 1: to make this is all vitally important, and I have

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Speaker 1: never been one to trivialize anything, but here we go.

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Speaker 1: But Emmanuel Macron, have you ever seen someone look more

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Speaker 1: cool at a summit? Because he's wearing the sun at

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Speaker 1: the moment and the and that is one of the

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Speaker 1: most googled terms. At the moment, Why is Emmanuel Macron

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Speaker 1: wearing these aviator sunglasses inside and his burst of blood

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Speaker 1: vessel in his eyes by this high issue at the moment,

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Speaker 1: My god, he looks cool.

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Speaker 2: But Daniel Love also it is the French president that

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Speaker 2: wouldn't actually allow you to see the burst blood blood vessel. Yeah,

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Speaker 2: you're right. I mean, I'm sure many other leaders that

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Speaker 2: they we all hate it, no doubt, but you sort

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Speaker 2: of just think, whereas Manuel Macron just a little bit

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Speaker 2: more style.

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Speaker 1: I'm going to make this look good? All right? Up next,

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Speaker 1: I should mention at the end of after the episode,

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Speaker 1: of course you've got fear and greed, Q and A.

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Speaker 1: It is related to this topic. You're speaking with NAB

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Speaker 1: trades Jemma Dale.

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Speaker 2: Yeah, it's fantastic chat. We talk what these trains mean

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Speaker 2: for investors and what invests should do about it. Michael.

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Speaker 2: So it's well worth it. And plenty more stories Michael

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Speaker 2: coming up after the break.

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Speaker 1: Yeah. Yeah, we certainly have a lot still to come.

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Speaker 1: We're going to talk politics. We are talking house prices

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Speaker 1: plenty to come back in a moment with the rest

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Speaker 1: of the day's business news, Sawn. The other big story

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Speaker 1: this morning is what is happening to the federal opposition.

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Speaker 1: Three senior Nationals who refused to join the Libs in

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Speaker 1: voting for the government's anti Semitism, hate and extremism laws

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Speaker 1: have resigned from the front bench.

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Speaker 2: Susan McDonald, Bridget McKenzie and Roscadell resigned from the shadow

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Speaker 2: cabinet Susan Lee. The opposition leaders said their positions had

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Speaker 2: become untenable given they had voted against the shadow cabinet

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Speaker 2: position on tuesday nights legislation. Lee said solid are in

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Speaker 2: the shadow cabinet is not optional now. Maverick NAT's front

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Speaker 2: Bench A and webs. The later said her party was

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Speaker 2: not afraid to once again step away from the coalition

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Speaker 2: form me Deputy Prime Minister and that's MP Michael McCormack

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Speaker 2: stood behind the three shadow ministers crossing the floor in

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Speaker 2: the hate speech legislation, saying they were doing so unprincipal,

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Speaker 2: what a mess.

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Speaker 1: Yeah. And Prime Minister Anthony Aberneze yesterday was reflecting on

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Speaker 1: the hate speech and gun reform legislation that passed the

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Speaker 1: Senate late on Tuesday night, saying Parliament got some real

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Speaker 1: things done.

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Speaker 2: It was a marathon day for the police, and Albanzi

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Speaker 2: said passing the legislation, albeit watered down from the original document,

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Speaker 2: was a very conscious decision. He was very happy you'd

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Speaker 2: had passed and now it's time for Satan territory leaders

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Speaker 2: to step up in relation to gun reform and firearms registers.

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Speaker 1: Away from politics, showing the battle between Commonwealth Bank and

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Speaker 1: BHP to take out the title of Australia's largest company

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Speaker 1: is getting very very tight. Indeed, the bank is now

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Speaker 1: just one billion dollars bigger than the minor I.

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Speaker 2: Think some point yesterday was nine hundred and thirty million dollars.

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Speaker 2: I think it got to at the end of the day,

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Speaker 2: it doesn't. It's just bragging rights. Yeah, if you're a shareholder,

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Speaker 2: you just want to see what you're doing is. But

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Speaker 2: still I think it'd be cool to be the biggest

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Speaker 2: company in the country. HP is now less than half

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Speaker 2: a percent smaller than Commonwealth Bank. You know, twelve months

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Speaker 2: ago was about fit well less than twel months ago

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Speaker 2: was about fifty percent smaller. Maybe today's to day. The

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Speaker 2: narrowing yesterday came in the back of CBA losing more

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Speaker 2: than two percent. BHP was up one percent over the

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Speaker 2: past year. CBA is off about six percent, bhps up

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Speaker 2: about twenty percent and all not a great day for

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Speaker 2: the market. Yesterday closed down about half a percent thanks

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Speaker 2: to the banks, the miners, especially the gold miners, with

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Speaker 2: the big winners the price of the precious metal surge

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Speaker 2: Evolution Mining. We mentioned it the other day. It was

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Speaker 2: up ten percent yesterday, now a top twenty company on

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Speaker 2: the AX.

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Speaker 1: Australia's house and unit prices Sean hit record high as

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Speaker 1: to end last year twen twenty twenty five, Perth officially

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Speaker 1: becoming the sixth capital city to hit the million dollar club,

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Speaker 1: and Melbourne finally in recovery mode.

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Speaker 2: Welcome, Perth. Welcome. That's all according to Domain's latest quarterly

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Speaker 2: house price report. Although the pace of growth east in

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Speaker 2: some cities health prices. House prices have now risen for

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Speaker 2: twelve consecutive quarters Nationally, that's the longest uninterrupted growth period

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Speaker 2: in a decade. Melbourne and Perth now boast median house

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Speaker 2: price values of one point one million dollars. That's about

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Speaker 2: where Canberra is at well, Sydney sits at one point

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Speaker 2: eight million dollars. In Sydney, unit prices are rising faster

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Speaker 2: than houses. Brisbane still a really hot market, houses and

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Speaker 2: unit prices rising for the twelfth and nineteenth consecutive quarters, respectively.

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Speaker 2: Adelaide has had a good run, though momentum is easing

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Speaker 2: somewhat okay.

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Speaker 1: Rio Tinto has warned that stock piles of iron ore

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Speaker 1: at Chinese Ports are rising as strange between the minor

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Speaker 1: and its biggest buy or emerge.

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Speaker 2: The minors iron ore division shipped record volume over the

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Speaker 2: past three months, but along with BHP, it's facing a

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Speaker 2: more united front from Chinese customers. Stockpile of reres iron

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Speaker 2: or at Chinese Ports has risen to one hundred and

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Speaker 2: sixty six million tons get headed on that one of

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Speaker 2: sixty six million tons.

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Speaker 1: That is significant, that is a large stockpile.

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Speaker 2: Price has remained above US one hundred dollars a ton,

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Speaker 2: though the miner suggested yesterday that would come under pressure.

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Speaker 2: Didn't mention anything about its merger discussions with glen Core,

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Speaker 2: which we will want to hear about its share price

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Speaker 2: raise more than two percent.

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Speaker 1: Mentioned this one at the top of the show. Sean

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Speaker 1: Former Australian cricket captain Steve Wore and current players Steve

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Speaker 1: Smith and Mitch marsh are in a long list of

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Speaker 1: investors buying into a new tournament known as the European

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Speaker 1: T twenty Premier League.

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Speaker 2: The group, which includes wealthy investors and sports focused asset managers,

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Speaker 2: will back the mighty Well to be Mighty Amsterdam Flame franchise.

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Speaker 1: That sounds cool.

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Speaker 2: According to the AFR Greg Bora, who's the founder of

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Speaker 2: the seventeen billion dollar digital infrastructure play CDC Data Centers,

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Speaker 2: he's investing in another franchise, the Belfast based Irish Wolves.

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Speaker 2: I like that one. The Australian cricket of Glenn Maxwell's

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Speaker 2: in on that one as well. There's an Edinburgh side

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Speaker 2: known as the Castle Rockers. There's a bunch of New

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Speaker 2: Zealand's Zealand is in that one, including former internationals Coyle

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Speaker 2: Milton Nathan McCullum. The European T twenty Premier League has

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Speaker 2: been officially sanctioned by the ICC, the International Cricket Council,

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Speaker 2: backed by an Indian actor and a venture capitalist who

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Speaker 2: are come owners of the league, and some local cricketers

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Speaker 2: want to make some money out of it.

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Speaker 1: Okay. Turning to International News now Sean and the battle

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Speaker 1: for Warner Brothers Discoveries, studio and streaming assets continues, with

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Speaker 1: Netflix switching to an all cash offer for the assets

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Speaker 1: of eighty three billion US dollars.

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Speaker 2: Okay, so the battles between Netflix and Paramount to take

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Speaker 2: over Warner Brothers, and of course, amongst other things, owns

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Speaker 2: franchises like Game of Thrones, Harry Potter and DC comics

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Speaker 2: superheroes Batman and Superman. Were you Batman or a Superman

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Speaker 2: man Man?

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Speaker 1: Oh? Batman? Actually?

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Speaker 2: Yeah?

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Speaker 1: Yeah? Like if you're talking about the movies and things,

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Speaker 1: that Batman movies have been fast superior to the.

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Speaker 2: Going out, Growing Up. I mean, the Batman movies have

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Speaker 2: been better. But surely you're a sup man. No, Seph

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Speaker 2: reeves for your time.

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Speaker 1: Yeah, well before I'm still in my thirties.

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Speaker 2: Sean Well said, you can't say that next week.

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Speaker 1: That that's true. Carry on anyway.

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Speaker 2: Warner Brothers board has backed the bid from Netflix now

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Speaker 2: that it's an all cash offer. It came as Netflix

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Speaker 2: reported December quarter results slightly above expectations, so it's guidance disappointed.

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Speaker 2: Its share price tumbled five percent, about thirty percent in

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Speaker 2: the last three months. Netflix very much on the back

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Speaker 2: of this Warner Brother's bid and the fact that Netflix

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Speaker 2: is getting into much more into creation studios, that type

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Speaker 2: of thing.

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Speaker 1: Now, we don't tend to do briefs in the international

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Speaker 1: section of the show, you know where we kind of

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Speaker 1: just raced through a whole bunch of different stories. But

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Speaker 1: there is so much going on that we're all for

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Speaker 1: trying new things here. So we're going to have a

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Speaker 1: crack this morning. Here we go. New Zealand Prime Minister

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Speaker 1: Christopher Luxen has announced the country's next election will be

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Speaker 1: held on the seventh of November this year. What's that

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Speaker 1: an eleven month election campaign? The poor New Zealanders.

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Speaker 2: A Japanese court sentence the man who shot former Japanese

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Speaker 2: Prime Minister Shinsel Rbe to life in prison. Abe was

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Speaker 2: one of Japan's most influential politicians who was killed in

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Speaker 2: twenty twenty two, which was a shock to everyone, but

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Speaker 2: particularly Japan because it has very strict gun controls.

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Speaker 1: US Vice President J. D Vance's wife Usha is expecting

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Speaker 1: their fourth child in July. It'll be the first time

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Speaker 1: that the second lady has had a baby while in office.

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Speaker 1: And did you know, Sean that only two presidents JFK

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Speaker 1: and Grover Cleveland have had children while in office? Ah?

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Speaker 1: Is that right? Yeah?

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Speaker 2: Fair enough. Finally, a train driver has been killed and

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Speaker 2: at least thirty seven people injured, five seriously, after a

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Speaker 2: commuter train derailed and crashed near Barcelona. Of course, this

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Speaker 2: is just days after the deadly to train collision in

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Speaker 2: the Southern in Southern Spain on Sunday, which I think

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Speaker 2: killed forty one people.

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Speaker 1: So okay, up next as the Fear and Greed Q

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Speaker 1: and A your guest today, as we mentioned before, nab

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Speaker 1: trades Jemmerdale. It is worth a less and stick around

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Speaker 1: for that one. It's coming up next to the Fear

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Speaker 1: and Greed Playlist on your podcast platform or at Fearandgreed

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Speaker 1: dot com dot au, which is also where you sign

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Speaker 1: up for the Extraordinary Fear and Greed Daily newsletter. I'll

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Speaker 1: put a link in today today's show notes, just saying

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Speaker 1: it does not make it?

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Speaker 2: So does it extraordinary? For what reason? Is what I wonder?

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Speaker 1: Because it's there. Sure, that's it, and it's free, extraordinarily straordinary.

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Speaker 2: That we get it out every day and it's free

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Speaker 2: and it's worth a read.

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Speaker 1: Yeah, indeed it is. Thanks very much, Sean.

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Speaker 2: Thanks Michael.

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Speaker 1: It's Thursday, the twenty second of January twenty twenty six.

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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 and Instagram. I'm Michael Thompson And that

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Speaker 1: was Fear and Greed. Have a great day.