October 29, 2025 • 3 mins
Hopes of a Melbourne Cup rate cut have been dashed after the latest inflation figures showed the cost-of-living is rising faster than expected.
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Episode Transcript
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Speaker 1 (00:01):
I can't believe I'm about to say this.
Speaker 2 (00:02):
The bromance continues between Anthony Albanizi and Donald Trump, with
our PM earning the best seat in the house during
a dinner in South Korea overnight, right next to the
US President. President Trump even praised the Prime Minister again,
saying he's doing a fantastic job. The meal comes ahead
of a crucial meeting between the Chinese and American leaders
(00:23):
as well joining us now as US political scientists Simon
Jack mcgreat to have you with as Simon, So what
does that mean Albo's sitting next to Donald. I mean
it took a year for him to actually get a
meeting to sit down with Donald, and now it looks
like they're best of mates.
Speaker 1 (00:38):
Yeah.
Speaker 3 (00:38):
Well, number one, all the nasay is about the relationship
not being good shape. I think they're back on the
heels with this. But number two, I think it reflects
in that constellation of US allies, Australia rates right right,
and I think it's something Australians need to get their
head around. Among Indo Pacific allies, it's Japan and Australia
are the two most capable, most steadfast allies of the
(01:02):
United States, and in that sort of environment, particularly given
the good optics and the very positive news out of
Albanize he's visit to Washington, it makes a lot of
sense to put the Australian Prime minister next to Donald Trump.
The other thing being not too bad that he's an
English speaker and can help Donald Trump get through the
and the other thing he's not the Canadian Prime Minister
(01:23):
who has sat one hundred and eighty degrees furthest away
from Trump.
Speaker 2 (01:28):
So they've still got some issues that border control and
tariffs and all of that sort of stuff.
Speaker 3 (01:33):
US Canadian relations are the worst they've been in the
whole Trump presidency. Australia US relations as strong as we've
seen them.
Speaker 1 (01:39):
For a while.
Speaker 2 (01:40):
Okay, so what does that mean for us then? Because
you know, if you who makes that decision, who says, okay,
the seating is this, Donald Trump's going to go here?
Ultimately Donald Trump's staff would have some influence, wouldn't they
to who sits around him?
Speaker 3 (01:55):
Well, I think particularly you're not sitting him next to
the Canadian I think number one and number two knowing
that it's going to be if you put ALBN easy
next to him, it's going to be a good event
for the boss. But at the end of the day,
it's the host country. But boy boy, everybody's principles are
pouring and everybody's advisors are.
Speaker 1 (02:14):
Pouring in just quickly.
Speaker 2 (02:16):
Donald Trump's going to meet with Jijiping. That's really critical,
isn't it? Obviously for American China relations, but also for
US too. How does it advantage disadvantage us if they
get on.
Speaker 3 (02:26):
Okay, two key things real quick. One is we want
US China trade to get back on track because that
makes China consume more, and a China that is consuming
more needs more commodities out of Australia to fuel its economy,
and it's exports to the US are a big part of.
Speaker 1 (02:42):
The Chinese economic story. Number one.
Speaker 3 (02:44):
Number two, we want to see a return to the
respect for the rules of the road, the rules based
order that we talk about from middle power like Australia.
When the big players are playing by the rules, essentially
binding themselves, that makes us good. The third thing I
said two, But the third one is let's not put
security in the bucket. The thing I think the whole
world is watching for is that she may want to
(03:07):
dangle Can you move on Taiwan, mister President Trump?
Speaker 1 (03:11):
And will Trump say yes? We will.
Speaker 3 (03:13):
The world I think will be better if they can
keep trade discussions separate from security.
Speaker 1 (03:17):
Okay, we're going to know more tomorrow.
Speaker 2 (03:19):
We'll get you back in and have a chat about
particularly security in our region as well.
Speaker 1 (03:22):
Simon, thanks for your tom Thanks for ever
I can't believe I'm about to say this.
Speaker 2 (00:02):
The bromance continues between Anthony Albanizi and Donald Trump, with
our PM earning the best seat in the house during
a dinner in South Korea overnight, right next to the
US President. President Trump even praised the Prime Minister again,
saying he's doing a fantastic job. The meal comes ahead
of a crucial meeting between the Chinese and American leaders
(00:23):
as well joining us now as US political scientists Simon
Jack mcgreat to have you with as Simon, So what
does that mean Albo's sitting next to Donald. I mean
it took a year for him to actually get a
meeting to sit down with Donald, and now it looks
like they're best of mates.
Speaker 1 (00:38):
Yeah.
Speaker 3 (00:38):
Well, number one, all the nasay is about the relationship
not being good shape. I think they're back on the
heels with this. But number two, I think it reflects
in that constellation of US allies, Australia rates right right,
and I think it's something Australians need to get their
head around. Among Indo Pacific allies, it's Japan and Australia
are the two most capable, most steadfast allies of the
(01:02):
United States, and in that sort of environment, particularly given
the good optics and the very positive news out of
Albanize he's visit to Washington, it makes a lot of
sense to put the Australian Prime minister next to Donald Trump.
The other thing being not too bad that he's an
English speaker and can help Donald Trump get through the
and the other thing he's not the Canadian Prime Minister
(01:23):
who has sat one hundred and eighty degrees furthest away
from Trump.
Speaker 2 (01:28):
So they've still got some issues that border control and
tariffs and all of that sort of stuff.
Speaker 3 (01:33):
US Canadian relations are the worst they've been in the
whole Trump presidency. Australia US relations as strong as we've
seen them.
Speaker 1 (01:39):
For a while.
Speaker 2 (01:40):
Okay, so what does that mean for us then? Because
you know, if you who makes that decision, who says, okay,
the seating is this, Donald Trump's going to go here?
Ultimately Donald Trump's staff would have some influence, wouldn't they
to who sits around him?
Speaker 3 (01:55):
Well, I think particularly you're not sitting him next to
the Canadian I think number one and number two knowing
that it's going to be if you put ALBN easy
next to him, it's going to be a good event
for the boss. But at the end of the day,
it's the host country. But boy boy, everybody's principles are
pouring and everybody's advisors are.
Speaker 1 (02:14):
Pouring in just quickly.
Speaker 2 (02:16):
Donald Trump's going to meet with Jijiping. That's really critical,
isn't it? Obviously for American China relations, but also for
US too. How does it advantage disadvantage us if they
get on.
Speaker 3 (02:26):
Okay, two key things real quick. One is we want
US China trade to get back on track because that
makes China consume more, and a China that is consuming
more needs more commodities out of Australia to fuel its economy,
and it's exports to the US are a big part of.
Speaker 1 (02:42):
The Chinese economic story. Number one.
Speaker 3 (02:44):
Number two, we want to see a return to the
respect for the rules of the road, the rules based
order that we talk about from middle power like Australia.
When the big players are playing by the rules, essentially
binding themselves, that makes us good. The third thing I
said two, But the third one is let's not put
security in the bucket. The thing I think the whole
world is watching for is that she may want to
(03:07):
dangle Can you move on Taiwan, mister President Trump?
Speaker 1 (03:11):
And will Trump say yes? We will.
Speaker 3 (03:13):
The world I think will be better if they can
keep trade discussions separate from security.
Speaker 1 (03:17):
Okay, we're going to know more tomorrow.
Speaker 2 (03:19):
We'll get you back in and have a chat about
particularly security in our region as well.
Speaker 1 (03:22):
Simon, thanks for your tom Thanks for ever
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