October 7, 2025 • 15 mins
Wednesday 8 October 2025
Federal parliament is back in session, and the government is under fire over triple-zero outages.
- Consumer sentiment falls back to pre-rate hike levels
- Bitcoin starts gaining credibility as a safe haven asset
- Goat meat exports jump
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:06):
Welcome to Fear and Greed business news you can use today.
Federal Parliament is back in session and the government is
under fire over triple zero outages. Consumer sentiment falls back
to pre rate hike levels, and Bitcoin starts gaining credibility
as a safe haven asset. Plus goat meat exports jump
and Nobel Prize Whek gets going. It's Wednesday, the eighth
(00:28):
of October twenty twenty five. I'm Adam Lang and good morning,
Sean Almer Oh Adam.
Speaker 2 (00:33):
Something for everyone, goats meek, Nobel Prize is Bitcoin as
a safe haven asset.
Speaker 1 (00:39):
This is a smagasport, yes, Sean, Let's start with a
big one. Federal Parliament is back in session and day
one was dominated by the second anniversary of the Hummas
terror attack into Israel and the triple zero system outages
over the past month. There was also debate over the environment,
defense pacts and electric vehicles.
Speaker 2 (00:59):
As the busiest to the spring session. With Prime Minister
Anthony Albery Neisy back in town ahead of heading to
New York next week where he will meet with US
President Donald Trump. He actually said yesterday, Adam, he received
a quite lovely invitation from the President Mistrail Maneze started
question time by condemning Hermas and paying tribute to the
(01:19):
victims of the terrorist group's attack on Israel two years ago. Yesterday,
he said, a mass stands in opposition to all humanity
and all that we value as human beings. Opposition leader
Sais and Le said Australia had fallen short of its
responsibilities to confront anti Semitism and support Israel following the attacks.
Environment Minister Murray Watson the Governor is still aiming to
(01:41):
introduce environmental law reforms before the end of the year.
The timeline for negotiations on the Environmental Protection Biodiversity Conservation
Act was brought forward in a bid to boost productivity
after the August Economic reform round table. That's still the plan.
Defense Minister Richard Miles said Australia is still confident of
signing a security pack with Vanawatu, despite delays to the
(02:02):
DELL seen as a result of China's influence in the
Pacific nation. That came after, of course, Australia and Public
in ner Guinea ratified a landmark defense treaty that will
oblige Australia to protect PNG in the event of a
conflict and vice versa and finally, not deterring electric vehicle
take ups and not deterring EV takeup was added to
(02:23):
a list of principles guiding the development of a road
user charge for electric vehicles by Treasury officials in September,
and that was according to the Secretary of Department for
Transport Jim Betts. Ev road charges are gain to get
a good run over the next couple of months or so.
Speaker 1 (02:41):
Yeah, Sean is going to be busy through to the
end of the year. And moving to the triple zero outage,
Communications Minister Annika Wells introduced legislation in the Lower House
to give the government greater oversight of the triple zero system.
But she had a hard time of it yesterday.
Speaker 2 (02:57):
Sure did more of that in a moment. The new
laws will empower them Triple zero custodian to request information
from telcos and to demand improvements to the system. Well
said that the laws would come into effect at the
start of next month. Optics chief executive Stephen Rue was
in town, as were the other bosses of the telcos.
He faced questions yesterday about his future with the company
(03:17):
when he arrived at Parliament House. Now Well said she
laid down the law to the telcos yesterday back to
her opposition leader, Susan Lee used the first question of
the afternoon to Savage Wells over her self description last
week as a new minister as in one hundred and
forty seven days after being sworn into the portfolio. Demanded
(03:38):
to know if Wells has spoken to the families of
those who died during the outage. Every single question from
the coalition, one from the costs branch in question time
was directed at Wells. They believe they can do some
real damage on this issue, yeah.
Speaker 1 (03:54):
And sew and clearly they were going for it outside Parliament.
How did our local markets perform yesterday? There?
Speaker 2 (04:00):
PISX two hundred closed down zero point three percent to
nine hundred and fifty seven points. Consumer discretionary stocks led
the falls and it came despite Wall Street hitting record
highs yesterday morning.
Speaker 1 (04:13):
But really, Sean, it's markets that are all about gold
at the moment, aren't they. I mean, it's edging closer
to US four thousand dollars an ounce. I'm still really
amazed by that figure. Gold will become Australia's second most
valuable commodity export. Overtaking liquefied natural gas still behind iron ore,
(04:34):
and this is on the back of the precious metal surge.
Speaker 2 (04:37):
So revenue from bullion will jump to sixty billion dollars
this financially year, up from forty seven billion dollars last year,
almost double the level of two years ago, according to
the Department of Industry, Science and Resources. The surge will
partially offset expected revenue decline in other commodities like iron
or will be lower, lng will be softer, in part
as crude oil has weakened. Metallurgical cold another major expert,
(05:01):
has also dropped.
Speaker 1 (05:02):
Sean. I think one of your lines of yesterday's bulletin
was gold keeps growing its luster?
Speaker 2 (05:08):
There you go. Does it grow luster? That's good, that's
a good question. Develops luster, maybe increase its luster increase? Maybe? Yes. True.
Speaker 1 (05:18):
Let's go to global markets. Gold and bitcoin have become
unlikely allies, both trading around record levels as investors retreat
from hard currencies.
Speaker 2 (05:28):
Can you imagine a bitcoin as a safe haven asset? No, clearly,
manyfle not that long ago. It's pretty extraordinary. Gold is
considered a safe haven asset. Fair enough, silver too. Bitcoin
surely not the reason the euro is under a new
pressure after the new French prime minister resigned after just
(05:49):
twenty four hours of the job, providing it another political
crisis for that country and that region. The yen tumbled
this week after pro stimulus Sene Takeichi was set to
become the country's new prime minister, and of course the
US dollar remains under pressure. It's down thirty percent against
bitcoin this year as the US government shut down drags.
On top of all this, US, Japan, Europe massive debt levels.
(06:12):
That's not helping sentiment. If things were okay, that probably
wouldn't be too much of an issue, but debt is
just adding to it. So all of a sudden, people saying, well,
maybe we should have put our money in bitcoin. It's
a safe have and asset. It's an unusual world, Adam Sean.
Speaker 1 (06:28):
It's going to take me some wrangling to get my
head around that. Let's go to business by numbers. The
top three numbers you need to know for the week,
brought to you by zero dot com dot au Sean.
What are they?
Speaker 2 (06:39):
Well? Number one and I'm becoming a break and record,
but so much is happening you just can't ignore it.
Four thousand US dollars announced where gold is heading. Pretty phenomenal.
Number two thirty percent the appreciation in bitcoin against the
US dollar this year. That's pretty incredible. Number Three. We'll
come to this story in a moment. I went on
(07:01):
a learning expedition on this one. Three hundred and fifty
million dollars is a number. That's the value of goat
meet exports from Australia. We'll come to that one in
a moment, Sean.
Speaker 1 (07:12):
Do you remember the bike ride we did in May?
Speaker 2 (07:16):
My legs? Do my behind us still recovery lightly? You
mentioned that and all of a sudden I started getting
pains in areas twinge with pain.
Speaker 1 (07:25):
Yeah, so do you remember how many goats we saw
along the road?
Speaker 2 (07:31):
Very true.
Speaker 1 (07:32):
Let's come to that in a moment. With the rest
of the day's business news, Sean. Consumer sentiment has tumbled
for a second month in a row and is now
back to the level it was when the RBA started
cutting interest rates earlier this year.
Speaker 2 (07:51):
And that's bad news given there has been three rate
cuts already, yet consumers are still not particularly happy. While
consumer sentiment is solidly better than throughout twenty three twenty
twenty four, it may be stuck at a negative level,
with are more pessimous than optimists. According to the Westpac
Melbourne Institute Survey Possible Corporate The contraction is the recent
(08:12):
negative headlines surrounding inflation. Meanwhile, September job adverts in Australia
fell a large three point three percent as measured by
the anz Indeed Index. Recent job ads flow data has
been I say mixed, but is consistent with the view
that the labor market that labor marketing conditions are easing
slightly at the moment.
Speaker 1 (08:33):
ACIK has approved Alternative Exchange Sea BOWS application to provide
a listing market in Australia, a move which increases direct
competition for share market floats with the AX.
Speaker 2 (08:44):
This will put pressure on the ASEX. The approval by
the Australian Securities and Investments Commission allows SEBO to list
new companies on its platform in addition to its existing
ability to list exchange traded funds. It gives an option
for investors here. Assex says, the decision facilitates more access
for Australian investors to investment options, initial public offerings and
(09:05):
dual listed foreign entities. The AX is under intense regulatory
pressure at the moment relating to a Botch technology upgrade
and a settlement outage that occurred late last year. This
will just put more pressure on it and ax A
share price fell yesterday as a result.
Speaker 1 (09:21):
Bring on the competition. Global minor Rio Tinto has demonstrated
its focus on West Australia's Pilborough with a one point
one billion iron or mine expansion with its Japanese business
partners as part of its broader pledge to spend US
twenty billion dollars over three years to maintain production levels.
Speaker 2 (09:39):
The investment, alongside its Japanese partner's Mitsui and Nippon Steel,
will develop new iron ore deposits at the West ANGLEUS mine,
which is part of the Road River joint venture. The
deposits will allow Rare to extend its mining and maintain
its annual production capacity of thirty five million tons. Rare
has been pushing to get more iron ore out of
Pilborough recently. It's the biggest and most will be business
(10:01):
for the minor. A couple of months ago, it opened
its Western Range Operations, which is a joint venture. It's
also got other projects at Brockman and Hope Downs that
have been earmarked for expansion. Miners in the Pilborough have
been seeking ways to mind better quality or from their
aging pits. China looks for high grade iron ore, and
given how much we've gotten out of the Pilbor, there
(10:22):
is an issue there that the grade isn't quite what
China wants.
Speaker 1 (10:26):
Sean Australia is the world's biggest goat meat exporter. Now
we've got a particular curiosity here from our writing experience.
We sell more than three hundred and fifty million dollars
worth each year. But Sean, we are also one of
the smallest producers of the food, and that is because
Australians are among the least likely in the world to
eat goat.
Speaker 2 (10:46):
So we produce about forty four percent of the world's
goat meat exports, according to Meat and Lifestyle Australia, and
last year there were nearly three point five million goats slaughtered.
According to the ABS, local producers and now folks on
new products beyond you know, beyond curries, basically beyond the curry,
beyond the curries such as goats salami to entice eaters.
(11:07):
According to a story on the ABC, Follen Well goat
steak sausages, those sorts of things. Goats high in protein,
high and iron, and in many countries is considered alongside
lamb in terms of meats. In fact, Adam, you'll pleased
to know, sun dried goat meat is a Cypriot century's
old delicacy.
Speaker 1 (11:28):
Like a jerky.
Speaker 2 (11:29):
Maybe maybe one of the country's most prized cold cuts.
I must say, do you know what the most consumed
meat globally is?
Speaker 1 (11:41):
I'mous chickens.
Speaker 2 (11:43):
Now, it's pork thirty six percent of the world's meat
intake there, according to the United Nations Food and Agricultural Organization,
chicken second, beef third.
Speaker 1 (11:52):
And would you mirror that in your household?
Speaker 2 (11:54):
Sean, No, don't eat pork much at all. Don't really
eat a lot of meat. Well, I personally don't eat
a lot of meat.
Speaker 1 (12:02):
Yeah, you're increasing the seafood index.
Speaker 2 (12:05):
You're more the seafood person, Sean.
Speaker 1 (12:07):
In international news, US President Donald Trump has threatened to
invoke the Insurrection Act of eighteen oh seven to deploy
troops to American cities, intensifying a standoff with Democratic led
states resisting his use of the military on US soil.
Speaker 2 (12:24):
The old Insurrection, activated in a seven AH yeah, that
one hasn't been dusted off before. The President sounded the
warning as his efforts to send federal troops to quash
protests in several cities have had mixed results in the courts,
with one blocking the deployment of the military to Oregon,
another allowing it in Illinois. According to The Financial Times,
Trump responded by saying, we have an Insurrection Act for
(12:46):
a reason, citing the law enacted in the early nineth
century to crush rebellions. If I had to enact it,
Trump said, I'd do that if people were being killed
and courts were holding us up, or governors or mayors
were holding us up. Trump's threats suggest that he intends
to press their head with his plans to use the
military to stamp out protest domestically, even in the face
(13:07):
of setbacks in court.
Speaker 1 (13:09):
Let's move on to the Nobel Prize in Physiology or
Medicine this year and it has been awarded for discoveries
that explain how the immune system attacks hostile infections, but
not the body's own cells.
Speaker 2 (13:22):
The prize is shared by japan Schiman Sakagucci and US
researchers Mary Brouncau and Fred Ramsdell. They discovered what they're
calling security guards that eliminate parts of the immune system
that could attack the body. Their works being used to
develop new treatments for autoimmune disease and cancer. According to
the BBC, the trios research is critical to understanding how
(13:43):
the immune system works, how it protects us from all
those thousands of different infections that are tried to invade
our body, but at the same time it actually leaves
our own tissues unscathed. Quite remarkable really. Six Nobel Prizes
are awarded every year in physiology or medicine, physics, history,
economic science, literature and peace work. The last, of course,
(14:05):
draws the most attention. It is Nobel Prize Week. This year,
there are three hundred and thirty eight candidates for the
Nobel Peace Prize, two hundred and forty four individuals and
ninety four organizations. Of course, Donald Trump has been nominated
by a handful of global letters, including Benjamin Nett and
Yahoo for the Peace Prize, which is announced on Friday night,
Australian time. We'll all be waiting for that.
Speaker 1 (14:26):
One, Sean Up next is the film Greg Q and
A with Tim Lawless from Cotality. What did you cover
in this interview housing.
Speaker 2 (14:34):
Not surprisingly, of course, we've over the last week there's
been plenty of news around what's happening in the housing market,
prices arising. So I asked Tim why we talk about
government incentives, We talk about supply, the lack of supply.
Where it gets really interesting is what about price appreciation,
(14:57):
you know, the short term, the medium term, in the end,
the long term. And Tim's answers kind of surprised me.
It's not what I expected him to say.
Speaker 1 (15:05):
Oh, I look forward to that. That's up next in
the Fear and Greed playlist on your favorite podcast platform
or at Fearangreed dot com dot au. Thank you Sean,
Thank you Adam. It's Wednesday, the eighth of October twenty
twenty five. Make sure you're following the podcast. Join us
online on LinkedIn, Instagram, x TikTok, and Facebook. Have a
great day.
Welcome to Fear and Greed business news you can use today.
Federal Parliament is back in session and the government is
under fire over triple zero outages. Consumer sentiment falls back
to pre rate hike levels, and Bitcoin starts gaining credibility
as a safe haven asset. Plus goat meat exports jump
and Nobel Prize Whek gets going. It's Wednesday, the eighth
(00:28):
of October twenty twenty five. I'm Adam Lang and good morning,
Sean Almer Oh Adam.
Speaker 2 (00:33):
Something for everyone, goats meek, Nobel Prize is Bitcoin as
a safe haven asset.
Speaker 1 (00:39):
This is a smagasport, yes, Sean, Let's start with a
big one. Federal Parliament is back in session and day
one was dominated by the second anniversary of the Hummas
terror attack into Israel and the triple zero system outages
over the past month. There was also debate over the environment,
defense pacts and electric vehicles.
Speaker 2 (00:59):
As the busiest to the spring session. With Prime Minister
Anthony Albery Neisy back in town ahead of heading to
New York next week where he will meet with US
President Donald Trump. He actually said yesterday, Adam, he received
a quite lovely invitation from the President Mistrail Maneze started
question time by condemning Hermas and paying tribute to the
(01:19):
victims of the terrorist group's attack on Israel two years ago. Yesterday,
he said, a mass stands in opposition to all humanity
and all that we value as human beings. Opposition leader
Sais and Le said Australia had fallen short of its
responsibilities to confront anti Semitism and support Israel following the attacks.
Environment Minister Murray Watson the Governor is still aiming to
(01:41):
introduce environmental law reforms before the end of the year.
The timeline for negotiations on the Environmental Protection Biodiversity Conservation
Act was brought forward in a bid to boost productivity
after the August Economic reform round table. That's still the plan.
Defense Minister Richard Miles said Australia is still confident of
signing a security pack with Vanawatu, despite delays to the
(02:02):
DELL seen as a result of China's influence in the
Pacific nation. That came after, of course, Australia and Public
in ner Guinea ratified a landmark defense treaty that will
oblige Australia to protect PNG in the event of a
conflict and vice versa and finally, not deterring electric vehicle
take ups and not deterring EV takeup was added to
(02:23):
a list of principles guiding the development of a road
user charge for electric vehicles by Treasury officials in September,
and that was according to the Secretary of Department for
Transport Jim Betts. Ev road charges are gain to get
a good run over the next couple of months or so.
Speaker 1 (02:41):
Yeah, Sean is going to be busy through to the
end of the year. And moving to the triple zero outage,
Communications Minister Annika Wells introduced legislation in the Lower House
to give the government greater oversight of the triple zero system.
But she had a hard time of it yesterday.
Speaker 2 (02:57):
Sure did more of that in a moment. The new
laws will empower them Triple zero custodian to request information
from telcos and to demand improvements to the system. Well
said that the laws would come into effect at the
start of next month. Optics chief executive Stephen Rue was
in town, as were the other bosses of the telcos.
He faced questions yesterday about his future with the company
(03:17):
when he arrived at Parliament House. Now Well said she
laid down the law to the telcos yesterday back to
her opposition leader, Susan Lee used the first question of
the afternoon to Savage Wells over her self description last
week as a new minister as in one hundred and
forty seven days after being sworn into the portfolio. Demanded
(03:38):
to know if Wells has spoken to the families of
those who died during the outage. Every single question from
the coalition, one from the costs branch in question time
was directed at Wells. They believe they can do some
real damage on this issue, yeah.
Speaker 1 (03:54):
And sew and clearly they were going for it outside Parliament.
How did our local markets perform yesterday? There?
Speaker 2 (04:00):
PISX two hundred closed down zero point three percent to
nine hundred and fifty seven points. Consumer discretionary stocks led
the falls and it came despite Wall Street hitting record
highs yesterday morning.
Speaker 1 (04:13):
But really, Sean, it's markets that are all about gold
at the moment, aren't they. I mean, it's edging closer
to US four thousand dollars an ounce. I'm still really
amazed by that figure. Gold will become Australia's second most
valuable commodity export. Overtaking liquefied natural gas still behind iron ore,
(04:34):
and this is on the back of the precious metal surge.
Speaker 2 (04:37):
So revenue from bullion will jump to sixty billion dollars
this financially year, up from forty seven billion dollars last year,
almost double the level of two years ago, according to
the Department of Industry, Science and Resources. The surge will
partially offset expected revenue decline in other commodities like iron
or will be lower, lng will be softer, in part
as crude oil has weakened. Metallurgical cold another major expert,
(05:01):
has also dropped.
Speaker 1 (05:02):
Sean. I think one of your lines of yesterday's bulletin
was gold keeps growing its luster?
Speaker 2 (05:08):
There you go. Does it grow luster? That's good, that's
a good question. Develops luster, maybe increase its luster increase? Maybe? Yes. True.
Speaker 1 (05:18):
Let's go to global markets. Gold and bitcoin have become
unlikely allies, both trading around record levels as investors retreat
from hard currencies.
Speaker 2 (05:28):
Can you imagine a bitcoin as a safe haven asset? No, clearly,
manyfle not that long ago. It's pretty extraordinary. Gold is
considered a safe haven asset. Fair enough, silver too. Bitcoin
surely not the reason the euro is under a new
pressure after the new French prime minister resigned after just
(05:49):
twenty four hours of the job, providing it another political
crisis for that country and that region. The yen tumbled
this week after pro stimulus Sene Takeichi was set to
become the country's new prime minister, and of course the
US dollar remains under pressure. It's down thirty percent against
bitcoin this year as the US government shut down drags.
On top of all this, US, Japan, Europe massive debt levels.
(06:12):
That's not helping sentiment. If things were okay, that probably
wouldn't be too much of an issue, but debt is
just adding to it. So all of a sudden, people saying, well,
maybe we should have put our money in bitcoin. It's
a safe have and asset. It's an unusual world, Adam Sean.
Speaker 1 (06:28):
It's going to take me some wrangling to get my
head around that. Let's go to business by numbers. The
top three numbers you need to know for the week,
brought to you by zero dot com dot au Sean.
What are they?
Speaker 2 (06:39):
Well? Number one and I'm becoming a break and record,
but so much is happening you just can't ignore it.
Four thousand US dollars announced where gold is heading. Pretty phenomenal.
Number two thirty percent the appreciation in bitcoin against the
US dollar this year. That's pretty incredible. Number Three. We'll
come to this story in a moment. I went on
(07:01):
a learning expedition on this one. Three hundred and fifty
million dollars is a number. That's the value of goat
meet exports from Australia. We'll come to that one in
a moment, Sean.
Speaker 1 (07:12):
Do you remember the bike ride we did in May?
Speaker 2 (07:16):
My legs? Do my behind us still recovery lightly? You
mentioned that and all of a sudden I started getting
pains in areas twinge with pain.
Speaker 1 (07:25):
Yeah, so do you remember how many goats we saw
along the road?
Speaker 2 (07:31):
Very true.
Speaker 1 (07:32):
Let's come to that in a moment. With the rest
of the day's business news, Sean. Consumer sentiment has tumbled
for a second month in a row and is now
back to the level it was when the RBA started
cutting interest rates earlier this year.
Speaker 2 (07:51):
And that's bad news given there has been three rate
cuts already, yet consumers are still not particularly happy. While
consumer sentiment is solidly better than throughout twenty three twenty
twenty four, it may be stuck at a negative level,
with are more pessimous than optimists. According to the Westpac
Melbourne Institute Survey Possible Corporate The contraction is the recent
(08:12):
negative headlines surrounding inflation. Meanwhile, September job adverts in Australia
fell a large three point three percent as measured by
the anz Indeed Index. Recent job ads flow data has
been I say mixed, but is consistent with the view
that the labor market that labor marketing conditions are easing
slightly at the moment.
Speaker 1 (08:33):
ACIK has approved Alternative Exchange Sea BOWS application to provide
a listing market in Australia, a move which increases direct
competition for share market floats with the AX.
Speaker 2 (08:44):
This will put pressure on the ASEX. The approval by
the Australian Securities and Investments Commission allows SEBO to list
new companies on its platform in addition to its existing
ability to list exchange traded funds. It gives an option
for investors here. Assex says, the decision facilitates more access
for Australian investors to investment options, initial public offerings and
(09:05):
dual listed foreign entities. The AX is under intense regulatory
pressure at the moment relating to a Botch technology upgrade
and a settlement outage that occurred late last year. This
will just put more pressure on it and ax A
share price fell yesterday as a result.
Speaker 1 (09:21):
Bring on the competition. Global minor Rio Tinto has demonstrated
its focus on West Australia's Pilborough with a one point
one billion iron or mine expansion with its Japanese business
partners as part of its broader pledge to spend US
twenty billion dollars over three years to maintain production levels.
Speaker 2 (09:39):
The investment, alongside its Japanese partner's Mitsui and Nippon Steel,
will develop new iron ore deposits at the West ANGLEUS mine,
which is part of the Road River joint venture. The
deposits will allow Rare to extend its mining and maintain
its annual production capacity of thirty five million tons. Rare
has been pushing to get more iron ore out of
Pilborough recently. It's the biggest and most will be business
(10:01):
for the minor. A couple of months ago, it opened
its Western Range Operations, which is a joint venture. It's
also got other projects at Brockman and Hope Downs that
have been earmarked for expansion. Miners in the Pilborough have
been seeking ways to mind better quality or from their
aging pits. China looks for high grade iron ore, and
given how much we've gotten out of the Pilbor, there
(10:22):
is an issue there that the grade isn't quite what
China wants.
Speaker 1 (10:26):
Sean Australia is the world's biggest goat meat exporter. Now
we've got a particular curiosity here from our writing experience.
We sell more than three hundred and fifty million dollars
worth each year. But Sean, we are also one of
the smallest producers of the food, and that is because
Australians are among the least likely in the world to
eat goat.
Speaker 2 (10:46):
So we produce about forty four percent of the world's
goat meat exports, according to Meat and Lifestyle Australia, and
last year there were nearly three point five million goats slaughtered.
According to the ABS, local producers and now folks on
new products beyond you know, beyond curries, basically beyond the curry,
beyond the curries such as goats salami to entice eaters.
(11:07):
According to a story on the ABC, Follen Well goat
steak sausages, those sorts of things. Goats high in protein,
high and iron, and in many countries is considered alongside
lamb in terms of meats. In fact, Adam, you'll pleased
to know, sun dried goat meat is a Cypriot century's
old delicacy.
Speaker 1 (11:28):
Like a jerky.
Speaker 2 (11:29):
Maybe maybe one of the country's most prized cold cuts.
I must say, do you know what the most consumed
meat globally is?
Speaker 1 (11:41):
I'mous chickens.
Speaker 2 (11:43):
Now, it's pork thirty six percent of the world's meat
intake there, according to the United Nations Food and Agricultural Organization,
chicken second, beef third.
Speaker 1 (11:52):
And would you mirror that in your household?
Speaker 2 (11:54):
Sean, No, don't eat pork much at all. Don't really
eat a lot of meat. Well, I personally don't eat
a lot of meat.
Speaker 1 (12:02):
Yeah, you're increasing the seafood index.
Speaker 2 (12:05):
You're more the seafood person, Sean.
Speaker 1 (12:07):
In international news, US President Donald Trump has threatened to
invoke the Insurrection Act of eighteen oh seven to deploy
troops to American cities, intensifying a standoff with Democratic led
states resisting his use of the military on US soil.
Speaker 2 (12:24):
The old Insurrection, activated in a seven AH yeah, that
one hasn't been dusted off before. The President sounded the
warning as his efforts to send federal troops to quash
protests in several cities have had mixed results in the courts,
with one blocking the deployment of the military to Oregon,
another allowing it in Illinois. According to The Financial Times,
Trump responded by saying, we have an Insurrection Act for
(12:46):
a reason, citing the law enacted in the early nineth
century to crush rebellions. If I had to enact it,
Trump said, I'd do that if people were being killed
and courts were holding us up, or governors or mayors
were holding us up. Trump's threats suggest that he intends
to press their head with his plans to use the
military to stamp out protest domestically, even in the face
(13:07):
of setbacks in court.
Speaker 1 (13:09):
Let's move on to the Nobel Prize in Physiology or
Medicine this year and it has been awarded for discoveries
that explain how the immune system attacks hostile infections, but
not the body's own cells.
Speaker 2 (13:22):
The prize is shared by japan Schiman Sakagucci and US
researchers Mary Brouncau and Fred Ramsdell. They discovered what they're
calling security guards that eliminate parts of the immune system
that could attack the body. Their works being used to
develop new treatments for autoimmune disease and cancer. According to
the BBC, the trios research is critical to understanding how
(13:43):
the immune system works, how it protects us from all
those thousands of different infections that are tried to invade
our body, but at the same time it actually leaves
our own tissues unscathed. Quite remarkable really. Six Nobel Prizes
are awarded every year in physiology or medicine, physics, history,
economic science, literature and peace work. The last, of course,
(14:05):
draws the most attention. It is Nobel Prize Week. This year,
there are three hundred and thirty eight candidates for the
Nobel Peace Prize, two hundred and forty four individuals and
ninety four organizations. Of course, Donald Trump has been nominated
by a handful of global letters, including Benjamin Nett and
Yahoo for the Peace Prize, which is announced on Friday night,
Australian time. We'll all be waiting for that.
Speaker 1 (14:26):
One, Sean Up next is the film Greg Q and
A with Tim Lawless from Cotality. What did you cover
in this interview housing.
Speaker 2 (14:34):
Not surprisingly, of course, we've over the last week there's
been plenty of news around what's happening in the housing market,
prices arising. So I asked Tim why we talk about
government incentives, We talk about supply, the lack of supply.
Where it gets really interesting is what about price appreciation,
(14:57):
you know, the short term, the medium term, in the end,
the long term. And Tim's answers kind of surprised me.
It's not what I expected him to say.
Speaker 1 (15:05):
Oh, I look forward to that. That's up next in
the Fear and Greed playlist on your favorite podcast platform
or at Fearangreed dot com dot au. Thank you Sean,
Thank you Adam. It's Wednesday, the eighth of October twenty
twenty five. Make sure you're following the podcast. Join us
online on LinkedIn, Instagram, x TikTok, and Facebook. Have a
great day.
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